<SEC-DOCUMENT>0001171843-25-004144.txt : 20250626
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<ACCEPTANCE-DATETIME>20250626170113
ACCESSION NUMBER:		0001171843-25-004144
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		13
CONFORMED PERIOD OF REPORT:	20250626
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:		20250626
DATE AS OF CHANGE:		20250626

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Hub Group, Inc.
		CENTRAL INDEX KEY:			0000940942
		STANDARD INDUSTRIAL CLASSIFICATION:	ARRANGEMENT OF TRANSPORTATION OF FREIGHT & CARGO [4731]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				364007085
		STATE OF INCORPORATION:			IL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-27754
		FILM NUMBER:		251081166

	BUSINESS ADDRESS:	
		STREET 1:		2001 HUB GROUP WAY
		CITY:			OAK BROOK
		STATE:			IL
		ZIP:			60523
		BUSINESS PHONE:		6302713653

	MAIL ADDRESS:	
		STREET 1:		2001 HUB GROUP WAY
		CITY:			OAK BROOK
		STATE:			IL
		ZIP:			60523

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Hub Group
		DATE OF NAME CHANGE:	20160718

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HUB GROUP INC
		DATE OF NAME CHANGE:	19950313
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<p style="margin: 0pt 0; font-size: 10pt; text-align: center"><span style="font-family: Sans-Serif; font-size: 9pt; color: Red"><b></b></span><b><span style="font-size: 10pt; letter-spacing: 0.1pt">UNITED STATES</span></b></p>

<p style="margin: 0pt 0; font-size: 10pt; text-align: center"><span style="letter-spacing: 0.1pt"><b>SECURITIES AND EXCHANGE COMMISSION</b></span></p>

<p style="margin: 0pt 0; font-size: 10pt; text-align: center"><span style="font-family: Sans-Serif; font-size: 9pt; color: Red"><b></b></span><b><span style="font-size: 10pt; letter-spacing: 0.15pt">Washington, D.C. 20549</span></b></p>

<p style="margin: 0pt 0; font-size: 10pt; text-align: center"><b><span style="font-size: 10pt; letter-spacing: 0.15pt">&#160;</span></b></p>

<p style="margin: 0pt 0; font-size: 10pt; text-align: center"><b><span style="font-size: 10pt; letter-spacing: 0.15pt"></span></b></p>

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<p style="margin: 0pt 0; font-size: 10pt; text-align: center"><span style="font-size: 10pt; letter-spacing: 0.15pt"><b>&#160;</b></span></p>

<p style="margin: 0pt 0; font-size: 10pt; text-align: center"><span style="font-size: 10pt; letter-spacing: 0.15pt"><b>FORM <span id="xdx_900_edei--DocumentType_c20250626__20250626_zmNY3I2tT1r9"><ix:nonNumeric contextRef="AsOf2025-06-26" id="Fact000009" name="dei:DocumentType">8-K</ix:nonNumeric></span></b></span></p>

<p style="margin: 0pt 0; font-size: 10pt; text-align: center"><span style="font-size: 10pt; letter-spacing: 0.15pt"><b>&#160;</b></span></p>

<p style="margin: 0pt 0; font-size: 10pt; text-align: center"><span style="font-size: 10pt; letter-spacing: 0.15pt"><b></b></span></p>

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<p style="margin: 0pt 0; font-size: 10pt; text-align: center"><span style="font-size: 10pt; letter-spacing: 0.15pt"><b>&#160;</b></span></p>

<p style="margin: 0pt 0; font-size: 10pt; text-align: center"><span style="letter-spacing: 0.25pt"><b>CURRENT REPORT</b></span></p>

<p style="margin: 0pt 0; font-size: 10pt; text-align: center"><span style="letter-spacing: 0.25pt"><b>&#160;</b></span></p>

<p style="margin: 0pt 0; font-size: 10pt; text-align: center"><b>Pursuant to Section 13 or 15(d)</b></p>

<p style="margin: 0pt 0; font-size: 10pt; text-align: center"><b>of the Securities Exchange Act of 1934</b></p>

<p style="margin: 0pt 0; font-size: 10pt; text-align: center"><b>&#160;</b></p>

<p style="margin: 0pt 0; font-size: 10pt; text-align: center"><span style="font-size: 10pt"><b>Date of Report (Date of earliest event
reported): <span id="xdx_903_edei--DocumentPeriodEndDate_c20250626__20250626_z4UREvMspbXd"><ix:nonNumeric contextRef="AsOf2025-06-26" format="ixt:datemonthdayyearen" id="Fact000010" name="dei:DocumentPeriodEndDate">June 26, 2025</ix:nonNumeric></span></b></span></p>

<p style="margin: 0pt 0; font-size: 10pt; text-align: center">&#160;</p>

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<p style="margin: 0pt 0; font-size: 10pt; text-align: center">&#160;</p>

<p style="margin: 0pt 0; font-size: 10pt; text-align: center"><b><span id="xdx_90A_edei--EntityRegistrantName_c20250626__20250626_ziNp1YckCadl"><ix:nonNumeric contextRef="AsOf2025-06-26" id="Fact000011" name="dei:EntityRegistrantName">Hub Group, Inc.</ix:nonNumeric></span></b></p>

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

<p style="margin: 0pt 0; font-size: 10pt; text-align: center">&#160;</p>

<p style="margin: 0pt 0; font-size: 10pt; text-align: center"></p>

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  <td style="text-align: center">(Commission File Number)</td>
  <td style="text-align: center">(I.R.S.
Employer Identification No.)</td></tr>
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<p style="margin: 0pt 0; font-size: 10pt; text-align: center">&#160;</p>

<p style="margin: 0pt 0; font-size: 10pt; text-align: center"><b><span id="xdx_904_edei--EntityAddressAddressLine1_c20250626__20250626_zPUzUCYVsGbg"><ix:nonNumeric contextRef="AsOf2025-06-26" id="Fact000015" name="dei:EntityAddressAddressLine1">2000 Clearwater Drive</ix:nonNumeric></span></b></p>

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of Principal Executive Offices) (Zip Code)</span></b></p>

<p style="margin: 0pt 0; font-size: 10pt; text-align: center"><span style="letter-spacing: 0.05pt"><b>&#160;</b></span></p>

<p style="margin: 0pt 0; font-size: 10pt; text-align: center"><b>Registrant's telephone number, including area code: <span id="xdx_90B_edei--CityAreaCode_c20250626__20250626_zM0PuliXXwAi"><ix:nonNumeric contextRef="AsOf2025-06-26" id="Fact000019" name="dei:CityAreaCode">(630)</ix:nonNumeric></span> <span id="xdx_90E_edei--LocalPhoneNumber_c20250626__20250626_zyQw8732jux3"><ix:nonNumeric contextRef="AsOf2025-06-26" id="Fact000020" name="dei:LocalPhoneNumber">271-3600</ix:nonNumeric></span></b></p>

<p style="margin: 0pt 0; font-size: 10pt; text-align: center">&#160;</p>

<p style="margin: 0pt 0; font-size: 10pt; text-align: left"><span style="font-size: 10pt">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:</span></p>

<p style="margin: 0pt 0; font-size: 10pt; text-align: center"><span style="font-size: 10pt">&#160;</span></p>

<p style="margin: 0pt 0; font-size: 10pt; text-align: left"><span style="font-size: 10pt"><span id="xdx_906_edei--WrittenCommunications_c20250626__20250626_z93AsZB9RYj6"><ix:nonNumeric contextRef="AsOf2025-06-26" format="ixt:booleanfalse" id="Fact000021" name="dei:WrittenCommunications">&#9744;</ix:nonNumeric></span> Written communications pursuant to
Rule 425 under the Securities Act (17 CFR 230.425)</span></p>

<p style="margin: 0pt 0; font-size: 10pt; text-align: left"><span style="letter-spacing: 0.05pt"><span id="xdx_909_edei--SolicitingMaterial_c20250626__20250626_zo2YQpPjKAE4"><ix:nonNumeric contextRef="AsOf2025-06-26" format="ixt:booleanfalse" id="Fact000022" name="dei:SolicitingMaterial">&#9744;</ix:nonNumeric></span>
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</span></p>

<p style="margin: 0pt 0; font-size: 10pt; text-align: left"><span style="font-size: 10pt"><span id="xdx_902_edei--PreCommencementTenderOffer_c20250626__20250626_zllHtBGedzy6"><ix:nonNumeric contextRef="AsOf2025-06-26" format="ixt:booleanfalse" id="Fact000023" name="dei:PreCommencementTenderOffer">&#9744;</ix:nonNumeric></span>
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</span></p>

<p style="margin: 0pt 0; font-size: 10pt; text-align: left"><span id="xdx_901_edei--PreCommencementIssuerTenderOffer_c20250626__20250626_z9vzrvFTpTfl"><ix:nonNumeric contextRef="AsOf2025-06-26" format="ixt:booleanfalse" id="Fact000024" name="dei:PreCommencementIssuerTenderOffer">&#9744;</ix:nonNumeric></span> <span style="font-size: 10pt">Pre-commencement communications pursuant
to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13 e-4(c))</span></p>

<p style="margin: 0pt 0; font-size: 10pt; text-align: left">&#160;</p>

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

<p style="margin: 0pt 0; font-size: 10pt">&#160;</p>

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  <td style="border-bottom: Black 1pt solid; text-align: center; width: 34%">Trading Symbol(s)</td>
  <td style="border-bottom: Black 1pt solid; text-align: center; width: 33%">Name
of each exchange on which registered</td></tr>
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  <td style="text-align: center"><span id="xdx_903_edei--Security12bTitle_c20250626__20250626_zeelPAPPaKhf"><ix:nonNumeric contextRef="AsOf2025-06-26" id="Fact000025" name="dei:Security12bTitle">Class A Common Stock</ix:nonNumeric></span></td>
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<p style="margin: 0pt 0; font-size: 10pt"></p>

<p style="margin: 0pt 0; font-size: 10pt">&#160;</p>

<p style="margin: 0pt 0; font-size: 10pt">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>

<p style="margin: 0pt 0; font-size: 10pt">&#160;</p>

<p style="margin: 0pt 0; font-size: 10pt"><span style="font-size: 10pt">Emerging growth company <span id="xdx_909_edei--EntityEmergingGrowthCompany_c20250626__20250626_zPJTgSGPIqw2"><ix:nonNumeric contextRef="AsOf2025-06-26" format="ixt:booleanfalse" id="Fact000028" name="dei:EntityEmergingGrowthCompany">&#9744;</ix:nonNumeric></span></span></p>

<p style="margin: 0pt 0; font-size: 10pt">&#160;</p>

<p style="margin: 0pt 0; font-size: 10pt">If an emerging growth company, indicate by check mark if the registrant has elected not to
use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section
13(a) of the Exchange Act. &#9744;</p>

<p style="margin: 0pt 0.05in 0pt 0.3in; font-size: 10pt; text-indent: -0.3in"><span style="letter-spacing: -0.05pt"><b>&#160;</b></span></p>

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<p style="margin: 0pt 0; font-size: 10pt"><span style="letter-spacing: -0.05pt"><b></b></span></p>

<p style="margin: 0pt 0; font-size: 10pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"/><td style="width: 1in"><b>Item 1.01</b></td><td><b>Entry into a Material Definitive Agreement</b>&#160;</td></tr></table>

<p style="margin: 0pt 0; font-size: 10pt; text-indent: 24.5pt">&#160;</p>

<p style="margin: 0pt 0; font-size: 10pt; text-indent: 24.5pt">On June 20, 2025, Hub Group, Inc. (the &#8220;Company&#8221;) entered into
a $450 million credit agreement (the &#8220;Credit Agreement&#8221;) with Bank of Montreal, as administrative agent, and with certain
material subsidiaries of the Company from time to time party thereto as guarantors, and various financial institutions, as lenders. The
Credit Agreement replaces the Credit Agreement dated as of February 24, 2022 (the &#8220;2022 Credit Agreement&#8221;) among the Company,
as a borrower, certain material subsidiaries of the Company party thereto as guarantors, Bank of Montreal, as administrative agent, and
various financial institutions, as lenders. The Company intends to use the credit facility to finance permitted acquisitions (as defined
in the Credit Agreement), for working capital and capital expenditures, for expenses incurred in connection with the Credit Agreement,
and for general corporate purposes.</p>

<p style="margin: 0pt 0; font-size: 10pt; text-indent: 24.5pt">&#160;</p>

<p style="margin: 0pt 0; font-size: 10pt; text-indent: 24.5pt">The Credit Agreement provides for a revolving credit facility that matures
on June 20, 2030. The initial maximum availability under the Credit Agreement is $450 million, which includes a sublimit of $75 million
for letters of credit and a sublimit of $15 million for swingline loans. The Company may from time to time increase the maximum availability
under the Credit Agreement by up to $300 million if certain conditions are satisfied, including (i) the absence of any event of default
or default under the Credit Agreement, and (ii) the Company obtaining commitments from the lenders participating in each such increase.</p>

<p style="margin: 0pt 0; font-size: 10pt; text-indent: 24.5pt">&#160;</p>

<p style="margin: 0pt 0; font-size: 10pt; text-indent: 24.5pt">Borrowings under the Credit Agreement generally bear interest at a variable
rate equal to (i) the forward-looking term rate based on the secured overnight financing rate (&#8220;Term SOFR&#8221;) plus a specified
margin based upon the Company&#8217;s total net leverage ratio (as defined in the Credit Agreement) (the &#8220;Total Net Leverage Ratio&#8221;),
or (ii) the base rate (which is the highest of (a) the administrative agent&#8217;s prime rate, (b) the federal funds rate plus 0.50%
or (c) the sum of Term SOFR for a one-month interest period plus 1%) plus a specified margin based upon the Total Net Leverage Ratio.
The specified margin for Term SOFR loans varies from 100.0 to 175.0 basis points per annum. The specified margin for base rate loans varies
from 0.0 to 75.0 basis points per annum. The Company must also pay (1) a commitment fee ranging from 10.0 to 25.0 basis points per annum
(based upon the Total Net Leverage Ratio) on the aggregate unused commitments and (2) a letter of credit fee ranging from 100.0 to 175.0
basis points per annum (based upon the Total Net Leverage Ratio) on the undrawn amount of letters of credit. While any payment default
exists, the Company must pay interest at a default rate equal to the applicable interest rate described above plus 2.0% per annum.</p>

<p style="margin: 0pt 0; font-size: 10pt; text-indent: 24.5pt">&#160;</p>

<p style="margin: 0pt 0; font-size: 10pt; text-indent: 24.5pt">The Credit Agreement contains various restrictions and covenants applicable
to the Company and its subsidiaries, including negative covenants that limit or restrict dividends, indebtedness of subsidiaries, mergers
and fundamental changes, asset sales, acquisitions, liens and encumbrances, transactions with affiliates, changes in fiscal year and other
matters customarily restricted in such agreements. The Company must maintain a Total Net Leverage Ratio of (a) total funded debt as of
such date, minus up to $100,000,000 in unrestricted cash and cash equivalents (each as defined in the Credit Agreement) to (b) consolidated
EBITDA (as defined in the Credit Agreement) of not more than 3.00 to 1.00; provided that as of the close of each of the four fiscal quarters
occurring after the consummation of a permitted acquisition (as defined in the Credit Agreement) with an aggregate consideration of $150,000,000
or more, such ratio shall not be more than 3.50 to 1.00. The Company must maintain an interest coverage ratio of consolidated EBITDA to
consolidated cash interest expense of not less than 3.00 to 1.00. The Credit Agreement contains customary events of default. If an event
of default shall occur and be continuing under the Credit Agreement, the commitments under the Credit Agreement may be terminated and
the principal amount outstanding under the Credit Agreement, together with all accrued and unpaid interest and other amounts owing in
respect thereof, may be declared immediately due and payable. In addition, the Credit Agreement provides that if the Company becomes the
subject of voluntary or involuntary proceedings under any bankruptcy, insolvency or similar law, then the commitments under the Credit
Agreement will automatically be terminated and any outstanding obligations under the Credit Agreement will automatically become immediately
due and payable.</p>

<p style="margin: 0pt 0; font-size: 10pt; text-indent: 24.5pt">&#160;</p>

<p style="margin: 0pt 0; font-size: 10pt; text-indent: 24.5pt">Except for customary provisions relating to the cash collateralization
of letters of credit in limited circumstances, all borrowings under the Credit Agreement are unsecured. Certain material subsidiaries
of the Company unconditionally guarantee the Borrower&#8217;s obligations from time to time arising under the Credit Agreement.</p>

<p style="margin: 0pt 0; font-size: 10pt; text-indent: 24.5pt">&#160;</p>

<p style="margin: 0pt 0; font-size: 10pt; text-indent: 24.5pt">The foregoing description to the Credit Agreement set forth above is qualified
by reference to the complete text of the agreement filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by
reference.</p>

<p style="margin: 0pt 0; font-size: 10pt; text-indent: 24.5pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"/><td style="width: 1in"><b>Item 1.02.</b></td><td><b>Termination of a Material Definitive Agreement.</b></td></tr></table>

<p style="margin: 0pt 0; font-size: 10pt">&#160;</p>

<p style="margin: 0pt 0; font-size: 10pt; text-indent: 27pt">On June 20, 2025, concurrently with entering into the Credit Agreement, the
Company terminated the 2022 Credit Agreement among the Company, as a borrower, certain material subsidiaries of the Company party thereto
as guarantors, Bank of Montreal, as administrative agent, and various financial institutions, as lenders. As of the date of termination,
the Company repaid all outstanding borrowings under the 2022 Credit Agreement. In addition, the Company did not incur any early termination
penalties in connection with the termination of the 2022 Credit Agreement.</p>

<p style="margin: 0pt 0; font-size: 10pt; text-indent: 27pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"/><td style="width: 1in"><b>Item 2.03.</b></td><td><b>Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a registrant.</b></td></tr></table>

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<p style="margin: 0pt 0; font-size: 10pt; text-indent: 0.5in">The information described above under &#8220;Item 1.01 Entry into a Material
Definitive Agreement&#8221; related to the Company&#8217;s entry into the Credit Agreement is incorporated herein by reference.</p>

<p style="margin: 0pt 0; font-size: 10pt; text-indent: 0.5in">&#160;</p>

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<tr style="vertical-align: top">
<td style="width: 0"/><td style="width: 1in"><b>Item 9.01</b></td><td><b>Financial Statements and Exhibits.</b></td></tr>
</table>

<p style="margin: 0pt 0; font-size: 10pt; text-indent: 0.5in">&#160;</p>

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    <td>
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    <td style="font-size: 10pt; text-align: justify">&#160;</td>
    <td>&#160;</td>
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    <td style="vertical-align: bottom; font-size: 10pt; text-align: justify"><a href="exh_101.htm"><span style="font-size: 10pt">Credit Agreement, dated as of June 20, 2025, among Hub Group, Inc., a Delaware corporation, the Material Subsidiaries from time to time party to the Agreement, as Guarantors, Bank of Montreal, a Canadian chartered bank acting through its Chicago branch, as Administrative Agent, Swingline Lender and a Letter of Credit Issuer as provided therein, and the several financial institutions from time to time party to the Agreement, as lenders.</span></a></td></tr>
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<p style="margin: 0pt 0; font-size: 10pt; text-indent: 0.5in">&#160;</p>

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<p style="margin: 0pt 0; font-size: 10pt; text-align: center"><span style="letter-spacing: -0.25pt"><b>SIGNATURE</b></span></p>

<p style="margin: 0pt 0; font-size: 10pt; text-align: center"><span style="letter-spacing: -0.25pt"><b>&#160;</b></span></p>

<p style="margin: 0pt 0.1in 0pt 0; font-size: 10pt; text-align: justify">Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</p>

<p style="margin: 0pt 0.1in 0pt 0; font-size: 10pt; text-align: justify">&#160;</p>

<p style="margin: 0pt 0.1in 0pt 0; font-size: 10pt; text-align: justify"></p>

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<tr style="vertical-align: top; text-align: left">
  <td>&#160;</td>
  <td colspan="2"><span style="letter-spacing: -0.25pt"><b>HUB GROUP, INC.</b></span></td></tr>
<tr style="vertical-align: top; text-align: left">
  <td>&#160;</td>
  <td colspan="2">&#160;</td></tr>
<tr style="vertical-align: top; text-align: left">
  <td style="width: 50%"><b>Date: June 26, 2025</b></td>
  <td style="width: 3%"><b>By </b></td>
  <td style="width: 47%"><b><span style="text-decoration: underline">/s/ Kevin W. Beth</span></b></td></tr>
<tr style="vertical-align: top; text-align: left">
  <td>&#160;</td>
  <td>&#160;</td>
  <td><b>Kevin W. Beth</b></td></tr>
<tr style="vertical-align: top; text-align: left">
  <td>&#160;</td>
  <td>&#160;</td>
  <td><b>Executive Vice President, Chief Financial Officer and Treasurer</b></td></tr>
</table>

<p style="margin: 0pt 0.1in 0pt 0; font-size: 10pt; text-align: justify">&#160;</p>

<p style="margin: 0pt 0.1in 0pt 0; font-size: 10pt; text-align: justify">&#160;</p>

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<DOCUMENT>
<TYPE>EX-10.1
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<DESCRIPTION>EXHIBIT 10.1
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<HTML>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

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

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 0.75pt; border-top: Black 0.75pt solid; border-bottom: Black 0.75pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font-size: 10pt; font-variant: small-caps; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; text-align: center">Credit Agreement</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; text-align: center; margin: 0pt 0">Dated as of June 20, 2025</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; text-align: center; margin: 0pt 0">among</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; text-align: center; margin: 0pt 0">Hub Group, Inc.,</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; text-align: center; margin: 0pt 0">as Borrower,</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; text-align: center; margin: 0pt 0">The Guarantors from time to time party hereto,</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; text-align: center; margin: 0pt 0">the Lenders from time to time party hereto,</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; text-align: center; margin: 0pt 0">and</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; text-align: center; margin: 0pt 0">Bank of Montreal,</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; text-align: center; margin: 0pt 0">as Administrative Agent</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; text-align: center; margin: 0pt 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 0.75pt; border-top: Black 0.75pt solid; border-bottom: Black 0.75pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center"><FONT STYLE="font-variant: small-caps">BMO Capital Markets Corp. and Bank
of America, N.A., </FONT></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><FONT STYLE="font-variant: small-caps">as Joint Lead Arrangers and Joint
Book Runners</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><FONT STYLE="font-variant: small-caps">Bank of America, N.A., as Syndication
Agent</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center"><FONT STYLE="font-variant: small-caps"></FONT></P>

<!-- Field: Page; Sequence: 1 -->
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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">Table of Contents</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center"></P>

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<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 10%"><FONT STYLE="font-variant: small-caps">Section</FONT></TD>
  <TD STYLE="text-align: center; width: 80%"><FONT STYLE="font-variant: small-caps">Heading</FONT></TD>
  <TD STYLE="text-align: right; width: 10%"><FONT STYLE="font-variant: small-caps">Page</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; text-align: center"></P>



<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: justify; width: 12%"></TD>
    <TD STYLE="text-align: center; width: 74%"></TD>
    <TD STYLE="text-align: right; width: 14%"></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left"><FONT STYLE="font-variant: small-caps">Section&nbsp;1.</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-variant: small-caps">Definitions; Interpretation</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-variant: small-caps">1</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;1.1.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Definitions</TD>
    <TD STYLE="text-align: right">1</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;1.2.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Interpretation; Changes in Accounting Principles</TD>
    <TD STYLE="text-align: right">26</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;1.3.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Interest Rates</TD>
    <TD STYLE="text-align: right">27</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section 1.4.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Divisions</TD>
    <TD STYLE="text-align: right">27</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left"><FONT STYLE="font-variant: small-caps">Section&nbsp;2.</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-variant: small-caps">The Facilities</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-variant: small-caps">28</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;2.1.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Revolving Facility</TD>
    <TD STYLE="text-align: right">28</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;2.2.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Letters of Credit</TD>
    <TD STYLE="text-align: right">30</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;2.3.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Applicable Interest Rates</TD>
    <TD STYLE="text-align: right">34</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;2.4.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Minimum Borrowing Amounts; Maximum SOFR Loans</TD>
    <TD STYLE="text-align: right">35</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;2.5.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Manner of Borrowing Loans and Designating Applicable Interest Rates.</TD>
    <TD STYLE="text-align: right">35</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;2.6.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Maturity of Loans</TD>
    <TD STYLE="text-align: right">37</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;2.7.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Prepayments</TD>
    <TD STYLE="text-align: right">37</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;2.8.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Default Rate</TD>
    <TD STYLE="text-align: right">38</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;2.9.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Evidence of Indebtedness</TD>
    <TD STYLE="text-align: right">38</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;2.10.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Commitment Terminations</TD>
    <TD STYLE="text-align: right">39</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;2.11.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Replacement of Lenders</TD>
    <TD STYLE="text-align: right">39</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;2.12.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Defaulting Lenders</TD>
    <TD STYLE="text-align: right">41</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;2.13.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Cash Collateral for Fronting Exposure</TD>
    <TD STYLE="text-align: right">43</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section 2.14.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Increase in Commitments</TD>
    <TD STYLE="text-align: right">44</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left"><FONT STYLE="font-variant: small-caps">Section&nbsp;3.</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-variant: small-caps">Fees</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-variant: small-caps">45</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;3.1.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Fees</TD>
    <TD STYLE="text-align: right">45</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left"><FONT STYLE="font-variant: small-caps">Section&nbsp;4.</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-variant: small-caps">Taxes; Change in Circumstances, Increased Costs, and Funding
    Indemnity</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-variant: small-caps">46</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;4.1.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Taxes</TD>
    <TD STYLE="text-align: right">46</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;4.2.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Change of Law</TD>
    <TD STYLE="text-align: right">50</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;4.3.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Inability to Determine Rates</TD>
    <TD STYLE="text-align: right">50</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;4.4.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Increased Costs</TD>
    <TD STYLE="text-align: right">51</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;4.5.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Funding Indemnity</TD>
    <TD STYLE="text-align: right">52</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;4.6.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Effect of Benchmark Transition</TD>
    <TD STYLE="text-align: right">53</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;4.7.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Lending Offices; Mitigation Obligations</TD>
    <TD STYLE="text-align: right">54</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left"><FONT STYLE="font-variant: small-caps">Section&nbsp;5.</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-variant: small-caps">Place and Application of Payments</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-variant: small-caps">55</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;5.1.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Place and Application of Payments</TD>
    <TD STYLE="text-align: right">55</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;5.2.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Non-Business Days</TD>
    <TD STYLE="text-align: right">56</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;5.3.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Payments Set Aside</TD>
    <TD STYLE="text-align: right">56</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;5.4.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Account Debit</TD>
    <TD STYLE="text-align: right">56</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
</TABLE>

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

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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left; width: 12%"><FONT STYLE="font-variant: small-caps">Section&nbsp;6.</FONT></TD>
    <TD STYLE="text-align: left; width: 74%"><FONT STYLE="font-variant: small-caps">Representations and Warranties</FONT></TD>
    <TD STYLE="text-align: right; width: 14%"><FONT STYLE="font-variant: small-caps">57</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;6.1.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Organization and Qualification</TD>
    <TD STYLE="text-align: right">57</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;6.2.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Corporate Authority and Validity of Borrower&rsquo;s Obligations</TD>
    <TD STYLE="text-align: right">57</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;6.3.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Subsidiaries</TD>
    <TD STYLE="text-align: right">57</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;6.4.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Corporate Authority and Validity of Guarantors&rsquo; Obligations</TD>
    <TD STYLE="text-align: right">58</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;6.5.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Use of Proceeds; Margin Stock</TD>
    <TD STYLE="text-align: right">58</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;6.6.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Financial Reports</TD>
    <TD STYLE="text-align: right">58</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;6.7.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">No Material Adverse Change</TD>
    <TD STYLE="text-align: right">58</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;6.8.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Full Disclosure</TD>
    <TD STYLE="text-align: right">59</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;6.9.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Trademarks, Franchises and Licenses</TD>
    <TD STYLE="text-align: right">59</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;6.10.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Governmental Authority and Licensing</TD>
    <TD STYLE="text-align: right">59</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;6.11.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Good Title</TD>
    <TD STYLE="text-align: right">59</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;6.12.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Litigation and Other Controversies</TD>
    <TD STYLE="text-align: right">59</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;6.13.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Taxes</TD>
    <TD STYLE="text-align: right">59</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;6.14.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Approvals</TD>
    <TD STYLE="text-align: right">60</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;6.15.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Affiliate Transactions</TD>
    <TD STYLE="text-align: right">60</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;6.16.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Investment Company</TD>
    <TD STYLE="text-align: right">60</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;6.17.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">ERISA</TD>
    <TD STYLE="text-align: right">60</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;6.18.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Compliance with Laws</TD>
    <TD STYLE="text-align: right">60</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;6.19.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">No Default</TD>
    <TD STYLE="text-align: right">60</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;6.20.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Sanctions</TD>
    <TD STYLE="text-align: right">61</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;6.21.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Anti-Corruption Laws</TD>
    <TD STYLE="text-align: right">61</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;6.22.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">EEA Financial Institution</TD>
    <TD STYLE="text-align: right">61</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;6.23.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Outbound Investment Rules</TD>
    <TD STYLE="text-align: right">61</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left"><FONT STYLE="font-variant: small-caps">Section&nbsp;7.</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-variant: small-caps">Conditions Precedent</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-variant: small-caps">61</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;7.1.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">All Credit Events</TD>
    <TD STYLE="text-align: right">61</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section 7.2.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Initial Credit Event</TD>
    <TD STYLE="text-align: right">62</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left"><FONT STYLE="font-variant: small-caps">Section&nbsp;8.</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-variant: small-caps">Covenants</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-variant: small-caps">64</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;8.1.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Maintenance of Business</TD>
    <TD STYLE="text-align: right">64</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;8.2.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Taxes and Assessments</TD>
    <TD STYLE="text-align: right">64</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;8.3.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Insurance</TD>
    <TD STYLE="text-align: right">64</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;8.4.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Financial Reports</TD>
    <TD STYLE="text-align: right">64</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;8.5.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Subsidiaries&rsquo; Guaranties and Indebtedness</TD>
    <TD STYLE="text-align: right">66</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;8.6.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Liens</TD>
    <TD STYLE="text-align: right">68</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;8.7.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Acquisitions</TD>
    <TD STYLE="text-align: right">70</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;8.8.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Mergers, Consolidations and Sales</TD>
    <TD STYLE="text-align: right">70</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;8.9.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Restricted Payments</TD>
    <TD STYLE="text-align: right">70</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;8.10.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">ERISA</TD>
    <TD STYLE="text-align: right">70</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;8.11.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Compliance with Laws</TD>
    <TD STYLE="text-align: right">71</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;8.12.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">No Changes in Fiscal Year</TD>
    <TD STYLE="text-align: right">71</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;8.13.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Change in the Nature of Business</TD>
    <TD STYLE="text-align: right">71</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;8.14.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Guaranty</TD>
    <TD STYLE="text-align: right">71</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;8.15.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Financial Covenants</TD>
    <TD STYLE="text-align: right">71</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;8.16.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Compliance with Sanctions Programs</TD>
    <TD STYLE="text-align: right">72</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section 8.17.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Anti-Corruption Laws</TD>
    <TD STYLE="text-align: right">72</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section 8.18.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Outbound Investment Rules</TD>
    <TD STYLE="text-align: right">72</TD></TR>
</TABLE>

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

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left; width: 12%"><FONT STYLE="font-variant: small-caps">Section&nbsp;9.</FONT></TD>
    <TD STYLE="text-align: left; width: 74%"><FONT STYLE="font-variant: small-caps">Events of Default and Remedies</FONT></TD>
    <TD STYLE="text-align: right; width: 14%"><FONT STYLE="font-variant: small-caps">73</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;9.1.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Events of Default</TD>
    <TD STYLE="text-align: right">73</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;9.2.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Non-Bankruptcy Defaults</TD>
    <TD STYLE="text-align: right">74</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;9.3.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Bankruptcy Defaults</TD>
    <TD STYLE="text-align: right">75</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;9.4.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Collateral for Undrawn Letters of Credit</TD>
    <TD STYLE="text-align: right">75</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;9.5.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Post-Default Collections</TD>
    <TD STYLE="text-align: right">76</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left"><FONT STYLE="font-variant: small-caps">Section&nbsp;10.</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-variant: small-caps">The Administrative Agent</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-variant: small-caps">77</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;10.1.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Appointment and Authority</TD>
    <TD STYLE="text-align: right">77</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;10.2.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Rights as a Lender</TD>
    <TD STYLE="text-align: right">77</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;10.3.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Action by Administrative Agent; Exculpatory Provisions</TD>
    <TD STYLE="text-align: right">77</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;10.4.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Reliance by Administrative Agent</TD>
    <TD STYLE="text-align: right">78</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;10.5.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Delegation of Duties</TD>
    <TD STYLE="text-align: right">79</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;10.6.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Resignation of Administrative Agent</TD>
    <TD STYLE="text-align: right">79</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;10.7.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Non-Reliance on Administrative Agent and Other Lenders</TD>
    <TD STYLE="text-align: right">80</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;10.8.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">L/C Issuer and Swingline Lender</TD>
    <TD STYLE="text-align: right">80</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;10.9.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Designation of Additional Agents</TD>
    <TD STYLE="text-align: right">81</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;10.10.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Authorization to Release Guaranties</TD>
    <TD STYLE="text-align: right">81</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;10.11.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Authorization of Administrative Agent to File Proofs of Claim</TD>
    <TD STYLE="text-align: right">82</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;10.12.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Hedging Liability and Bank Product Obligations</TD>
    <TD STYLE="text-align: right">82</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left"><FONT STYLE="font-variant: small-caps">Section 11.</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-variant: small-caps">Guaranty Agreement Requirements</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-variant: small-caps">83</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;11.1.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Guarantor Requirements</TD>
    <TD STYLE="text-align: right">83</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;11.2.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Further Assurances</TD>
    <TD STYLE="text-align: right">83</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left"><FONT STYLE="font-variant: small-caps">Section&nbsp;12.</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-variant: small-caps">The Guarantees</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-variant: small-caps">83</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;12.1.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">The Guarantees</TD>
    <TD STYLE="text-align: right">83</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;12.2.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Guarantee Unconditional</TD>
    <TD STYLE="text-align: right">84</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;12.3.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances</TD>
    <TD STYLE="text-align: right">85</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;12.4.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Subrogation</TD>
    <TD STYLE="text-align: right">85</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;12.5.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Subordination</TD>
    <TD STYLE="text-align: right">85</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;12.6.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Waivers</TD>
    <TD STYLE="text-align: right">85</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;12.7.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Limit on Recovery</TD>
    <TD STYLE="text-align: right">86</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;12.8.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Stay of Acceleration</TD>
    <TD STYLE="text-align: right">86</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;12.9.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Benefit to Guarantors</TD>
    <TD STYLE="text-align: right">86</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;12.10.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Keepwell</TD>
    <TD STYLE="text-align: right">86</TD></TR>
</TABLE>

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

<P STYLE="margin: 0"></P>

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left; width: 12%"><FONT STYLE="font-variant: small-caps">Section&nbsp;13.</FONT></TD>
    <TD STYLE="text-align: left; width: 74%"><FONT STYLE="font-variant: small-caps">Miscellaneous</FONT></TD>
    <TD STYLE="text-align: right; width: 14%"><FONT STYLE="font-variant: small-caps">86</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;13.1.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Notices</TD>
    <TD STYLE="text-align: right">86</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;13.2.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Successors and Assigns</TD>
    <TD STYLE="text-align: right">88</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;13.3.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Amendments</TD>
    <TD STYLE="text-align: right">92</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;13.4.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Costs and Expenses; Indemnification</TD>
    <TD STYLE="text-align: right">93</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;13.5.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">No Waiver, Cumulative Remedies</TD>
    <TD STYLE="text-align: right">96</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;13.6.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Right of Setoff</TD>
    <TD STYLE="text-align: right">96</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;13.7.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Sharing of Payments by Lenders</TD>
    <TD STYLE="text-align: right">97</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;13.8.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Survival of Representations</TD>
    <TD STYLE="text-align: right">97</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;13.9.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Survival of Indemnities</TD>
    <TD STYLE="text-align: right">97</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;13.10.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Counterparts; Integration; Effectiveness</TD>
    <TD STYLE="text-align: right">97</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;13.11.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Headings</TD>
    <TD STYLE="text-align: right">98</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;13.12.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Severability of Provisions</TD>
    <TD STYLE="text-align: right">98</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;13.13.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Construction</TD>
    <TD STYLE="text-align: right">98</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;13.14.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Excess Interest</TD>
    <TD STYLE="text-align: right">98</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;13.15.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Lender&rsquo;s and L/C&nbsp;Issuer&rsquo;s Obligations Several</TD>
    <TD STYLE="text-align: right">99</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;13.16.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">No Advisory or Fiduciary Responsibility</TD>
    <TD STYLE="text-align: right">99</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;13.17.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Governing Law; Jurisdiction; Consent to Service of Process</TD>
    <TD STYLE="text-align: right">100</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;13.18.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Waiver of Jury Trial</TD>
    <TD STYLE="text-align: right">101</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;13.19.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">USA Patriot Act</TD>
    <TD STYLE="text-align: right">101</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section 13.20.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Confidentiality</TD>
    <TD STYLE="text-align: right">101</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;13.21.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Acknowledgement and Consent to Bail-In of EEA Financial Institutions</TD>
    <TD STYLE="text-align: right">102</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;13.22.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Release of Guarantors</TD>
    <TD STYLE="text-align: right">102</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;13.23.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Recovery of Erroneous Payments</TD>
    <TD STYLE="text-align: right">102</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 10pt; text-align: left">Section&nbsp;13.24.</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Acknowledgement Regarding Any Supported QFCs</TD>
    <TD STYLE="text-align: right">103</TD></TR>
  </TABLE>

<P STYLE="margin: 0pt 4.5pt 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 9%; font-size: 10pt; font-variant: small-caps; text-align: left">Exhibit&nbsp;A</TD>
    <TD STYLE="width: 4%; font-size: 10pt; font-variant: small-caps">&mdash;</TD>
    <TD STYLE="width: 87%; font-size: 10pt; font-variant: small-caps; text-align: left">Notice of Payment Request</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-variant: small-caps; text-align: left">Exhibit&nbsp;B</TD>
    <TD STYLE="font-size: 10pt; font-variant: small-caps">&mdash;</TD>
    <TD STYLE="font-size: 10pt; font-variant: small-caps">Notice of Borrowing</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-variant: small-caps; text-align: left">Exhibit&nbsp;C</TD>
    <TD STYLE="font-size: 10pt; font-variant: small-caps">&mdash;</TD>
    <TD STYLE="font-size: 10pt; font-variant: small-caps">Notice of Continuation/Conversion</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-variant: small-caps">Exhibit&nbsp;D-1</TD>
    <TD STYLE="font-size: 10pt; font-variant: small-caps">&mdash;</TD>
    <TD STYLE="font-size: 10pt; font-variant: small-caps; text-align: left">Revolving Note</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-variant: small-caps">Exhibit&nbsp;D-2</TD>
    <TD STYLE="font-size: 10pt; font-variant: small-caps">&mdash;</TD>
    <TD STYLE="font-size: 10pt; font-variant: small-caps; text-align: left">Swing Note</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-variant: small-caps; text-align: left">Exhibit&nbsp;E</TD>
    <TD STYLE="font-size: 10pt; font-variant: small-caps">&mdash;</TD>
    <TD STYLE="font-size: 10pt; font-variant: small-caps; text-align: left">Increase Request</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-variant: small-caps; text-align: left">Exhibit&nbsp;F</TD>
    <TD STYLE="font-size: 10pt; font-variant: small-caps">&mdash;</TD>
    <TD STYLE="font-size: 10pt; font-variant: small-caps; text-align: left">Compliance Certificate</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-variant: small-caps; text-align: left">Exhibit&nbsp;G</TD>
    <TD STYLE="font-size: 10pt; font-variant: small-caps">&mdash;</TD>
    <TD STYLE="font-size: 10pt; font-variant: small-caps; text-align: left">Additional Guarantor Supplement</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-variant: small-caps; text-align: left">Exhibit&nbsp;H</TD>
    <TD STYLE="font-size: 10pt; font-variant: small-caps">&mdash;</TD>
    <TD STYLE="font-size: 10pt; font-variant: small-caps; text-align: left">Assignment and Assumption</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-variant: small-caps">Exhibit&nbsp;I-1</TD>
    <TD STYLE="font-size: 10pt; font-variant: small-caps">&mdash;</TD>
    <TD STYLE="font-size: 10pt; font-variant: small-caps; text-align: left">Form of U.S. Tax Compliance Certificate</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-variant: small-caps">Exhibit&nbsp;I-2</TD>
    <TD STYLE="font-size: 10pt; font-variant: small-caps">&mdash;</TD>
    <TD STYLE="font-size: 10pt; font-variant: small-caps; text-align: left">Form of U.S. Tax Compliance Certificate</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-variant: small-caps">Exhibit&nbsp;I-3</TD>
    <TD STYLE="font-size: 10pt; font-variant: small-caps">&mdash;</TD>
    <TD STYLE="font-size: 10pt; font-variant: small-caps; text-align: left">Form of U.S. Tax Compliance Certificate</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-variant: small-caps">Exhibit&nbsp;I-4</TD>
    <TD STYLE="font-size: 10pt; font-variant: small-caps">&mdash;</TD>
    <TD STYLE="font-size: 10pt; font-variant: small-caps; text-align: left">Form of U.S. Tax Compliance Certificate</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-variant: small-caps">Schedule 2.1</TD>
    <TD STYLE="font-size: 10pt; font-variant: small-caps">&mdash;</TD>
    <TD STYLE="font-size: 10pt; font-variant: small-caps">Commitments</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-variant: small-caps">Schedule 2.2</TD>
    <TD STYLE="font-size: 10pt; font-variant: small-caps">&mdash;</TD>
    <TD STYLE="font-size: 10pt; font-variant: small-caps; text-align: left">Existing L/Cs</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-variant: small-caps">Schedule&nbsp;6.3</TD>
    <TD STYLE="font-size: 10pt; font-variant: small-caps">&mdash;</TD>
    <TD STYLE="font-size: 10pt; font-variant: small-caps">Subsidiaries</TD></TR>
  </TABLE>


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<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center"></P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">Credit Agreement</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">This Credit Agreement is entered into as of June 20,
2025, by and among <FONT STYLE="font-variant: small-caps">Hub Group, Inc.</FONT>, a Delaware corporation (the <I>&ldquo;Borrower&rdquo;</I>),
the Material Subsidiaries from time to time party to this Agreement, as Guarantors, the several financial institutions from time to time
party to this Agreement, as Lenders, and <FONT STYLE="font-variant: small-caps">Bank of Montreal</FONT>, a Canadian chartered bank acting
through its Chicago branch (<I>&ldquo;BMO&rdquo;</I>)<FONT STYLE="font-variant: small-caps">, </FONT>as Administrative Agent, Swingline
Lender and a L/C Issuer as provided herein (including with respect to Existing L/Cs).</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">Preliminary Statement</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">The Borrower has requested and the Lenders have agreed
to extend certain credit facilities on the terms and conditions of this Agreement.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="font-variant: small-caps">Now, Therefore,</FONT>
in consideration of the mutual agreements contained herein, and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto hereby agree as follows:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 8%; font-size: 10pt; font-variant: small-caps; text-align: left; text-indent: 0pt; padding-left: 0pt">Section&nbsp;1.</TD>
    <TD STYLE="width: 92%; font-size: 10pt; font-variant: small-caps; text-align: left">Definitions; Interpretation.</TD></TR>
  </TABLE>
<P STYLE="margin: 0pt 0 0pt 84.95pt; font-size: 10pt; font-variant: small-caps; text-indent: -84.95pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;1.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Definitions</I>&nbsp;&nbsp;&nbsp;The following terms when used herein shall have the following meanings:</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Acquisition&rdquo;</I> means any transaction
or series of related transactions that result, directly or indirectly, in (a)&nbsp;the acquisition of all or substantially all of the
assets of a Person, or of all or substantially all of any business or division of a Person, or (b)&nbsp;the acquisition of in excess of
50% of the capital stock, partnership interests, membership interests or equity of any Person, or otherwise causing any Person to become
a Subsidiary.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Acquisition Holiday&rdquo;</I> has the meaning
assigned thereto in Section 8.15(a).</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Administrative Agent&rdquo; </I>means BMO,
in its capacity as Administrative Agent hereunder, and any successor in such capacity pursuant to Section&nbsp;10.6.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Administrative Questionnaire&rdquo; </I>means
an Administrative Questionnaire in a form supplied by the Administrative Agent.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

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

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Affiliate&rdquo; </I>means any Person directly
or indirectly controlling or controlled by, or under direct or indirect common control with, another Person. A Person shall be deemed
to control another Person for the purposes of this definition if such Person possesses, directly or indirectly, the power to direct, or
cause the direction of, the management and policies of the other Person, whether through the ownership of voting securities, common directors,
trustees or officers, by contract or otherwise.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;Agreement&rdquo; </I>means this Credit Agreement,
as the same may be amended, restated, supplemented or otherwise modified from time to time in accordance with the terms hereof.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;Anti-Corruption Laws&rdquo;</I> means all
laws, rules and regulations of any jurisdiction applicable to the Loan Parties or any of their respective Subsidiaries from time to time
concerning or relating to bribery, corruption or money laundering, including FCPA.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;Applicable Law&rdquo; </I>means as to any
Person, all applicable constitutions, treaties, laws, statutes, codes, ordinances, orders, decrees, rules and regulations of any Governmental
Authority binding upon such Person or to which such a Person is subject.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;Applicable Margin&rdquo;</I> means, with
respect to Loans, Reimbursement Obligations, L/C Participation Fees, and the commitment fees payable under Section&nbsp;3.1(a), until
the first Pricing Date, the rates per annum shown opposite Level&nbsp;I below, and thereafter from one Pricing Date to the next, the Applicable
Margin means the rates per annum determined in accordance with the following schedule:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 7%; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">Level</FONT></TD>
    <TD STYLE="width: 35%; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">Total Net Leverage Ratio<BR>
for Such Pricing Date</FONT></TD>
    <TD STYLE="width: 20%; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">Applicable Margin for Base Rate Loans and Reimbursement Obligations shall be:</FONT></TD>
    <TD STYLE="width: 19%; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">Applicable Margin for SOFR Loans and L/C Participation Fees Shall Be:</FONT></TD>
    <TD STYLE="width: 19%; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">Applicable Margin for Commitment Fee shall be:</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">IV</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Greater than or equal to 2.50 to 1.00</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">0.75%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">1.75%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">0.25%</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">III</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Greater than or equal to 1.75 to 1.00, but less than 2.50 to 1.00</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">0.50%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">1.50%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">0.20%</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">II</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Greater than or equal to 1.00 to 1.00, but less than 1.75 to 1.00</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">0.25%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">1.25%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">0.15%</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">I</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Less than 1.00 to 1.00</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">0.00%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">1.00%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">0.10%</FONT></TD></TR>
  </TABLE>
<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">For purposes hereof, the term <I>&ldquo;Pricing Date&rdquo;</I> means,
for any fiscal quarter of the Borrower ending on or after June 30, 2025 the date on which the Administrative Agent is in receipt of the
Borrower&rsquo;s most recent financial statements (and, in the case of the year-end financial statements, audit report) for the fiscal
quarter then ended, pursuant to Section&nbsp;8.4. The Applicable Margin shall be established based on the Total Net Leverage Ratio for
the most recently completed fiscal quarter and the Applicable Margin established on a Pricing Date shall remain in effect until the next
Pricing Date. If the Borrower has not delivered their financial statements by the date such financial statements (and, in the case of
the year-end financial statements, audit report) are required to be delivered under Section&nbsp;8.4, until such financial statements
and audit report are delivered, the Applicable Margin shall be the highest Applicable Margin (<I>i.e.,</I>&nbsp;Level&nbsp;IV shall apply).
If the Borrower subsequently delivers such financial statements before the next Pricing Date, the Applicable Margin established by such
late delivered financial statements shall take effect from the date of delivery until the next Pricing Date. In all other circumstances,
the Applicable Margin established by such financial statements shall be in effect from the Pricing Date that occurs immediately after
the end of the fiscal quarter covered by such financial statements until the next Pricing Date. Notwithstanding the foregoing, if, as
a result of any restatement of or other adjustment to the financial statements of the Borrower or for any other reason, the Administrative
Agent determines that (a) the Total Net Leverage Ratio as calculated on any Pricing Date was inaccurate and (b) a proper calculation of
the Total Net Leverage Ratio would have resulted in a higher Applicable Margin for any period, then the Borrower shall automatically and
retroactively be obligated to pay to the Administrative Agent for the benefit of the Lenders, promptly on demand by the Administrative
Agent, an amount equal to the excess of the amount of interest and fees that should have been paid for such period over the amount of
interest and fees actually paid for such period.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Application&rdquo;</I> is defined in Section&nbsp;2.2(b).</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

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

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Assignment and Assumption&rdquo;</I> means
an assignment and assumption entered into by a Lender and an Eligible Assignee (with the consent of any party whose consent is required
by Section&nbsp;13.2(b)), and accepted by the Administrative Agent, in substantially the form of Exhibit&nbsp;H or any other form approved
by the Administrative Agent.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Authorized Representative&rdquo;</I> means
those persons shown on the list of officers provided by the Borrower pursuant to Section&nbsp;7.2 or on any update of any such list provided
by the Borrower to the Administrative Agent, or any further or different officers of the Borrower so named by any Authorized Representative
of the Borrower in a written notice to the Administrative Agent.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Available Tenor&rdquo; </I>means, as of any
date of determination and with respect to the then-current Benchmark, as applicable, (x) if such Benchmark is a term rate, any tenor for
such Benchmark (or component thereof) that is or may be used for determining the length of an interest period pursuant to this Agreement
or (y) otherwise, any payment period for interest calculated with reference to such Benchmark (or component thereof) that is or may be
used for determining any frequency of making payments of interest calculated with reference to such Benchmark pursuant to this Agreement,
in each case, as of such date and not including, for the avoidance of doubt, any tenor for such Benchmark that is then-removed from the
definition of &ldquo;Interest Period&rdquo; pursuant to Section 4.6(d).</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Bail-In Action&rdquo;</I> 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-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Bail-In Legislation&rdquo;</I> means (a)
with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of
the European Union, the implementing law, regulation, rule or requirement for such EEA Member Country from time to time 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 affiliate (other than through liquidation, administration or other insolvency
proceedings).</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Bank Products&rdquo;</I> means each and any
of the following bank products and services provided to any Loan Party or any of its Subsidiaries by any Lender or any of its Affiliates:
(a)&nbsp;credit or charge cards for commercial customers (including &ldquo;commercial credit cards&rdquo; and purchasing cards), (b)&nbsp;stored
value cards, and (c)&nbsp;depository, cash management, and treasury management services (including controlled disbursement, automated
clearinghouse transactions, return items, overdrafts and interstate depository network services).</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Bank Product Obligations&rdquo;</I> of the
Loan Parties and their Subsidiaries means any and all of their obligations, whether absolute or contingent and howsoever and whensoever
created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor) in connection
with Bank Products.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Base Rate&rdquo;</I> means, for any day,
the rate per annum equal to the greatest of: (a)&nbsp;the rate of interest announced or otherwise established by the Administrative Agent
from time to time as its prime commercial rate, or its equivalent for U.S. Dollar loans to borrowers located in the United States, as
in effect on such day, with any change in the Base Rate resulting from a change in said prime commercial rate to be effective as of the
date of the relevant change in said prime commercial rate (it being acknowledged and agreed that such rate may not be the Administrative
Agent&rsquo;s best or lowest rate), (b)&nbsp;the sum of (i)&nbsp;the Federal Funds Rate for such day, <I>plus</I> (ii)&nbsp;1/2 of 1.00%,
and (c)&nbsp;Term SOFR for a one-month Interest Period in effect on such day <I>plus </I>1.00%. Any change in the Base Rate due to a change
in the prime rate, the quoted federal funds rates or Term SOFR, as applicable, shall be effective from and including the effective date
of the change in such rate. If the Base Rate is being used as an alternative rate of interest pursuant to Section 4.3, then the Base Rate
shall be the greater of clauses (a) and (b) above and shall be determined without reference to clause (c) above, <I>provided that</I>
if Base Rate as determined above shall ever be less than the Floor plus 1.00%, then Base Rate shall be deemed to be the Floor plus 1.00%.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Base Rate Loan&rdquo;</I> means a Loan bearing
interest at a rate specified in Section&nbsp;2.3(a).</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Benchmark&rdquo;</I> means, initially, the
Term SOFR Reference Rate; <I>provided that </I>if a Benchmark Transition Event has occurred with respect to the Term SOFR Reference Rate
or the then-current Benchmark, then &ldquo;Benchmark&rdquo; means the applicable Benchmark Replacement to the extent that such Benchmark
Replacement has replaced such prior benchmark rate pursuant to Section 4.6.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Benchmark Replacement&rdquo;</I> means, either
of the following to the extent selected by Administrative Agent in its sole discretion,</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Daily Simple SOFR; or</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"></P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the sum of: (i) the alternate benchmark rate that has been selected
by the Administrative Agent and the Borrower giving due consideration to (A) any selection or recommendation of a replacement benchmark
rate or the mechanism for determining such a rate by the Relevant Governmental Body or (B) any evolving or then-prevailing market convention
for determining a benchmark rate as a replacement to the then-current Benchmark for Dollar-denominated syndicated credit facilities and
(ii) the related Benchmark Replacement Adjustment.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">If the Benchmark Replacement as determined pursuant to clause (a) or (b)
above would be less than the Floor, the Benchmark Replacement will be deemed to be the Floor for the purposes of this Agreement and the
other Loan Documents.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;Benchmark Replacement Adjustment&rdquo;</I>
means, with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark Replacement, the spread adjustment,
or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected
by the Administrative Agent and the Borrower giving due consideration to (a) any selection or recommendation of a spread adjustment, or
method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark
Replacement by the Relevant Governmental Body or (b) any evolving or then-prevailing market convention for determining a spread adjustment,
or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted
Benchmark Replacement for Dollar-denominated syndicated credit facilities.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;Benchmark Replacement Date&rdquo;</I> means
the earliest to occur of the following events with respect to the then-current Benchmark:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;in the case of clause (a) or (b) of the definition of &ldquo;Benchmark
Transition Event&rdquo;, the later of (i) the date of the public statement or publication of information referenced therein and (ii) the
date on which the administrator of such Benchmark (or the published component used in the calculation thereof) permanently or indefinitely
ceases to provide all Available Tenors of such Benchmark (or such component thereof); or</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;in the case of clause (c) of the definition of &ldquo;Benchmark
Transition Event&rdquo;, the first date on which such Benchmark (or the published component used in the calculation thereof) has been
determined and announced by or on behalf of the administrator of such Benchmark (or such component thereof) or the regulatory supervisor
for the administrator of such Benchmark (or such component thereof) to be no longer representative; <I>provided, that</I> such non-representativeness
or non-compliance will be determined by reference to the most recent statement or publication referenced in such clause (c) and even if
any Available Tenor of such Benchmark (or such component thereof) continues to be provided on such date.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;Benchmark Transition Event&rdquo;</I> means
the occurrence of one or more of the following events with respect to the then-current Benchmark:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a public
statement or publication of information by or on behalf of the administrator of such Benchmark (or the published component used in the
calculation thereof) announcing that such administrator has ceased or will cease to provide all Available Tenors of such Benchmark (or
such component thereof), permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor
administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof);</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"></P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a public
statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published component
used in the calculation thereof), the Federal Reserve Board, the Federal Reserve Bank of New York, an insolvency official with jurisdiction
over the administrator for such Benchmark (or such component), a resolution authority with jurisdiction over the administrator for such
Benchmark (or such component) or a court or an entity with similar insolvency or resolution authority over the administrator for such
Benchmark (or such component), which states that the administrator of such Benchmark (or such component) has ceased or will cease to provide
all Available Tenors of such Benchmark (or such component thereof) permanently or indefinitely, provided that, at the time of such statement
or publication, there is no successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component
thereof); or</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a public
statement or publication of information by or on behalf of the administrator of such Benchmark (or the published component used in the
calculation thereof) or the regulatory supervisor for the administrator of such Benchmark (or the published component used in the calculation
thereof) announcing that all Available Tenors of such Benchmark (or such component thereof) are no longer, or as of a specified future
date will no longer be, representative.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">For the avoidance of doubt, a &ldquo;Benchmark Transition
Event&rdquo; will be deemed to have occurred with respect to any Benchmark if a public statement or publication of information set forth
above has occurred with respect to each then-current Available Tenor of such Benchmark (or the published component used in the calculation
thereof).</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;Benchmark Unavailability Period&rdquo;</I>
means the period (if any) (a) beginning at the time that a Benchmark Replacement Date has occurred if, at such time, no Benchmark Replacement
has replaced the then-current Benchmark for all purposes hereunder and under any Loan Document in accordance with Section 4.6 and (b)
ending at the time that a Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any Loan
Document in accordance with Section 4.6.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;BMO&rdquo;</I> is defined in the introductory
paragraph of this Agreement.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;Borrower&rdquo;</I> is defined in the introductory
paragraph of this Agreement.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;Borrowing&rdquo;</I> means the total of Loans
of a single type advanced, continued for an additional Interest Period, or converted from a different type into such type by the Lenders
hereunder on a single date and, in the case of SOFR Loans, for a single Interest Period. Borrowings of Loans are made and maintained ratably
from each of the Lenders hereunder according to their Percentages. A Borrowing is <I>&ldquo;advanced&rdquo;</I> on the day Lenders advance
funds comprising such Borrowing to the Borrower, is <I>&ldquo;continued&rdquo;</I> on the date a new Interest Period for the same type
of Loans commences for such Borrowing, and is <I>&ldquo;converted&rdquo;</I> when such Borrowing is changed from one type of Loans to
the other, all as determined pursuant to Section&nbsp;2.5. Borrowings of Swingline Loans are made by the Swingline Lender in accordance
with the procedures set forth in Section&nbsp;2.1(b).</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Business Day&rdquo;</I> means any day (other
than a Saturday or Sunday) on which banks are not authorized or required to close in Chicago, Illinois.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Capital Lease</I>&rdquo; means any lease
of Property which in accordance with GAAP is required to be capitalized on the balance sheet of the lessee.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Capitalized Lease Obligation&rdquo;</I> means,
as to any Person, the amount of the liability shown on the balance sheet of such Person in respect of a Capital Lease determined in accordance
with GAAP.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Cash Collateralize&rdquo;</I> means, to pledge
and deposit with or deliver to the Administrative Agent, for the benefit of one or more of the L/C Issuer or Lenders, as collateral for
L/C Obligations or obligations of Lenders to fund participations in respect of L/C Obligations, cash or deposit account balances subject
to a first priority perfected security interest in favor of the Administrative Agent or, if the Administrative Agent and each applicable
L/C Issuer shall agree in their sole discretion, other credit support, in each case pursuant to documentation in form and substance reasonably
satisfactory to the Administrative Agent and each applicable L/C Issuer. <I>&ldquo;Cash Collateral&rdquo;</I> shall have a meaning correlative
to the foregoing and shall include the proceeds of such cash collateral and other credit support.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;Cash Equivalents&rdquo; </I>means (a)&nbsp;marketable
direct obligations issued by, or unconditionally guaranteed by, the United States or issued by any agency thereof and backed by the full
faith and credit of the United States, in each case maturing within one&nbsp;(1) year from the date of acquisition thereof, (b) marketable
direct obligations issued or fully guaranteed by any state of the United States or any political subdivision of any such state or any
public instrumentality thereof maturing within one&nbsp;(1) year from the date of acquisition thereof and, at the time of acquisition,
having one of the two highest ratings obtainable from either S&amp;P or Moody&rsquo;s, (c)&nbsp;commercial paper maturing within one&nbsp;(1)
year from the date of creation thereof and, at the time of acquisition, having a rating of at least A-1 from S&amp;P or at least P-1 from
Moody&rsquo;s, (d)&nbsp;certificates of deposit, time deposits, overnight bank deposits or bankers&rsquo; acceptances maturing within
one&nbsp;(1) year from the date of acquisition thereof issued by any bank organized under the laws of the United States or any state thereof
or the District of Columbia having at the date of acquisition thereof combined capital and surplus of not less than $250,000,000, (e)&nbsp;deposit
accounts maintained with (i) any bank that satisfies the criteria described in clause (d) above, or (ii) any other bank organized under
the laws of the United States or any state thereof so long as the full amount maintained with any such other bank is fully insured by
the Federal Deposit Insurance Corporation, (f)&nbsp;repurchase obligations of any commercial bank satisfying the requirements of clause
(d) of this definition or recognized securities dealer having combined capital and surplus of not less than $250,000,000, having a term
of not more than seven&nbsp;(7) days, with respect to securities satisfying the criteria in clauses&nbsp;(a) or (d) above, <I>provided
</I>all such agreements require physical delivery of the securities securing such repurchase agreement, except those delivered through
the Federal Reserve Book Entry System, and (g)&nbsp;investments in money market funds that (i) comply with the criteria set forth in SEC
Rule 2a-7 under the Investment Company Act of 1940, (ii) are rated AAA and Aaa (or equivalent rating) by at least two Credit Rating Agencies
and (iii) have portfolio assets of at least $5,000,000,000.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I></I></P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Change in Law&rdquo;</I> means the occurrence,
after the date of this Agreement, of any of the following: (a)&nbsp;the adoption or taking effect of any law, rule, regulation or treaty,
(b)&nbsp;any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof
by any Governmental Authority, or (c)&nbsp;the making or issuance of any request, rule, guideline or directive (whether or not having
the force of law) by any Governmental Authority; <I>provided</I> that notwithstanding anything herein to the contrary, (x)&nbsp;the Dodd-Frank
Wall Street Reform and Consumer Protection Act and all requests, rules, regulations, guidelines or directives thereunder or issued in
connection therewith shall be deemed to be a &ldquo;Change in Law&rdquo; regardless of the date enacted, adopted or issued and (y) all
requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision
(or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall
in each case be deemed to be a &ldquo;Change in Law&rdquo;, regardless of the date enacted, adopted or issued.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Change of Control Event&rdquo; </I>means
the occurrence of any one or more of the following:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;any Person or group of Persons (within the
meaning of Section&nbsp;13 or 14 of the Exchange Act, but excluding Phillip C. Yeager, the descendants of Phillip&nbsp;C. Yeager (whether
natural or adopted), any spouse of any of the foregoing, any estate of any of the foregoing, any trust for the benefit of one or more
of the foregoing and any Person, all of the outstanding equity securities of which are owned by any one or more of the foregoing (collectively,
the <I>&ldquo;Yeager Family&rdquo;</I>) and Senior Management) shall acquire beneficial ownership (within the meaning of Rule 13d-3 promulgated
under the Exchange Act) of the Voting Stock in the Borrower having at least 35% of the ordinary voting power over the Borrower and (b)&nbsp;the
Yeager Family and Senior Management, collectively, have beneficial ownership of a lesser percentage of the Voting Stock in the Borrower
than such Person or group of Persons; or</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;during any period of twelve consecutive months beginning
after the date of this Agreement, individuals who at the beginning of such period constitute the Board of Directors of the Borrower (the
<I>&ldquo;Board&rdquo;</I>) and any new director whose election or nomination for election was approved by a vote of at least a majority
of the directors then still in office who either were directors at the beginning of the period or whose election or nomination for election
was previously so approved cease for any reason (other than death) to constitute a majority of the Board.</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;Closing Date&rdquo;</I> means the date of
this Agreement or such later Business Day upon which each condition described in Section&nbsp;7.2 shall be satisfied or waived.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;Code&rdquo;</I> means the Internal Revenue
Code of 1986.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;Collateral Account&rdquo;</I> is defined
in Section&nbsp;9.4.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;Commitment&rdquo;</I> means, as to any Lender,
the obligation of such Lender to make Revolving Loans and to participate in Swingline Loans and Letters of Credit issued for the account
of the Borrower hereunder in an aggregate principal or face amount at any one time outstanding not to exceed the amount set forth opposite
such Lender&rsquo;s name on Schedule&nbsp;2.1 attached hereto and made a part hereof, as the same may be reduced or modified at any time
or from time to time pursuant to the terms hereof (including Section&nbsp;2.14). The Borrower and the Lenders acknowledge and agree that
the Commitments of the Lenders aggregate $450,000,000 on the Closing Date.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&ldquo;<I>Commodity Exchange Act</I>&rdquo; means the
Commodity Exchange Act (7 U.S.C. &sect; 1 et seq.).</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;Compliance Certificate&rdquo;</I> has the
meaning assigned thereto in Section 8.4(h).</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;Connection Income Taxes&rdquo;</I> 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="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;Conforming Changes&rdquo;</I> means with
respect to either the use or administration of Term SOFR or the use, administration, adoption or implementation of any Benchmark Replacement,
any technical, administrative or operational changes (including changes to the definition of &ldquo;Base Rate,&rdquo; the definition of
&ldquo;Business Day,&rdquo; the definition of &ldquo;Interest Period,&rdquo; the definition of &ldquo;U.S. Government Securities Business
Day&rdquo;, the timing and frequency of determining rates and making payments of interest, the timing of borrowing requests or prepayment,
conversion or continuation notices, the applicability and length of lookback periods, the applicability of breakage provisions, and other
technical, administrative or operational matters) that the Administrative Agent decides may be appropriate to reflect the adoption and
implementation of any such rate or to permit the use and administration thereof by the Administrative Agent in a manner substantially
consistent with market practice (or, if the Administrative Agent decides that adoption of any portion of such market practice is not administratively
feasible or if the Administrative Agent determines that no market practice for the administration of any such rate exists, in such other
manner of administration as the Administrative Agent decides is reasonably necessary in connection with the administration of this Agreement
and the other Loan Documents).</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;Controlled Group&rdquo;</I> means all members
of a controlled group of corporations and all trades or businesses (whether or not incorporated) under common control which, together
with the Borrower, are treated as a single employer under Section&nbsp;414 of the Code.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;Credit Event&rdquo;</I> means the advancing
of any Loan, or the issuance of, or extension of the expiration date or increase in the amount of, any Letter of Credit.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Credit Rating Agency&rdquo; </I>means a nationally
recognized credit rating agency that evaluates the financial condition of issuers of debt instruments and then assigns a rating that reflects
its assessment of the issuer&rsquo;s ability to make debt payments.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Daily Simple SOFR&rdquo;</I> means, for any
day, SOFR, with the conventions for this rate (which will include a lookback) being established by the Administrative Agent in accordance
with the conventions for this rate selected or recommended by the Relevant Governmental Body for determining &ldquo;Daily Simple SOFR&rdquo;
for syndicated business loans; provided, that if the Administrative Agent decides that any such convention is not administratively feasible
for the Administrative Agent, then the Administrative Agent may establish another convention in its reasonable discretion.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

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    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Default&rdquo;</I> means any event or condition
which would, with the passage of time or the giving of notice, or both, if it continues uncured, constitute an Event of Default.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Defaulting Lender&rdquo;</I> means, subject
to Section&nbsp;2.12(b), any Lender that (a)&nbsp;has failed to (i)&nbsp;fund all or any portion of its Loans within two (2)&nbsp;Business
Days of the date such Loans were required to be funded hereunder unless such Lender notifies the Administrative Agent and the Borrower
in writing that such failure is the result of such Lender&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)&nbsp;pay to the Administrative Agent, any L/C 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 (2)&nbsp;Business
Days of the date when due, (b)&nbsp;has notified the Borrower, the Administrative Agent or any L/C 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)&nbsp;has failed, within three (3)&nbsp;Business
Days after written request by the Administrative Agent or the Borrower, to confirm in writing to the Administrative Agent and the Borrower
that it will comply with its prospective funding obligations hereunder, and is financially able to meet such obligations (<I>provided</I>
that such Lender shall cease to be a Defaulting Lender pursuant to this clause&nbsp;(c) upon receipt of such written confirmation by the
Administrative Agent and the Borrower), or (d)&nbsp;has, or has a direct or indirect parent company that has (i) become the subject of
a proceeding under any Debtor Relief Law, (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee
for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the 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; <I>provided</I> that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of
any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership
interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the
enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate,
disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent that a Lender is
a Defaulting Lender under any one or more of clauses&nbsp;(a) through (d) above shall be conclusive and binding absent manifest error,
and such Lender shall be deemed to be a Defaulting Lender (subject to Section&nbsp;2.12(b)) upon delivery of written notice of such determination
to the Borrower, the L/C Issuer, the Swingline Lender and each Lender.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;Designated Disbursement Account&rdquo;</I>
means the account of the Borrower maintained with the Administrative Agent or its Affiliate and designated in writing to the Administrative
Agent as the Borrower&rsquo;s Designated Disbursement Account (or such other account as the Borrower and the Administrative Agent may
otherwise agree).</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;Designated Jurisdiction&rdquo;</I> means
any country or territory to the extent that such country or territory itself is the subject of any Sanction.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;EBITDA&rdquo;</I> means, with reference to
any four-fiscal quarter period (the &ldquo;<I>Test Period</I>&rdquo;), Net Income for the Test Period plus all amounts deducted in arriving
at such Net Income amount in respect of (i)&nbsp;Interest Expense for such Test Period, plus (ii)&nbsp;taxes (including federal, state
and local income taxes) of the Hub Group for such Test Period, plus (iii)&nbsp;all amounts properly charged for depreciation and amortization
during such Test Period on the books of the Hub Group, plus (iv)&nbsp;adjustments for non-cash stock-based compensation. EBITDA shall
be calculated on a <I>pro forma</I> basis to give effect to any Permitted Acquisition consummated at any time on or after the first day
of a Test Period thereof as if each such Permitted Acquisition had been effected on the first day of such Test Period, including cash
and non-cash adjustments (including transaction fees and expenses). Add-backs to EBITDA may be made (i) without approval of the Administrative
Agent or any Lender (a) that (1) are factually supportable and made in accordance with Regulation S-X under the Securities Act of 1933
or (2) represent demonstrable cost-savings and operating expense reductions that relate to Permitted Acquisitions or dispositions of assets
or are reasonably anticipated by the Borrower to be achieved in connection with such Permitted Acquisition or disposition within the 12-month
period following the consummation thereof, which the Borrower determines in good faith are reasonable and which are so set forth in a
certificate of a financial officer of the Borrower delivered to the Administrative Agent, <I>provided</I> that amounts added back pursuant
to this subclause (2) shall be permitted only to the extent the aggregate additions under subclauses (1) and (2) for such period do not
exceed 10% of the amount which could have been included in EBITDA in the absence of the adjustment under this clause (a); (b) for non-cash
charges (except to the extent such non-cash charges are reserved for cash charges to be taken in the future); and (c) for cash charges
for transaction fees, costs and expenses relating to the closing of this Agreement, Permitted Acquisitions, and dispositions of Property
permitted by Section 8.8(b); and (ii) for other add backs to be agreed upon; <I>provided</I> that the Administrative Agent shall have
approval rights over any EBITDA adjustments set forth in the foregoing clause (ii) that account for not more than 10% of EBITDA at any
time (with Required Lenders having approval rights over any such EBITDA adjustments accounting for more than 10% of EBITDA at any time).</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

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

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&ldquo;<I>EEA Resolution Authority</I>&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-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Eligible Assignee&rdquo; </I>means any Person
that meets the requirements to be an assignee under Section&nbsp;13.2(b)(iii), (v) and (vi) (subject to such consents, if any, as may
be required under Section&nbsp;13.2(b)(iii)).</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Environmental Claim&rdquo; </I>means any
investigation, notice, violation, demand, allegation, action, suit, injunction, judgment, order, consent decree, penalty, fine, lien,
proceeding or claim (whether administrative, judicial or private in nature) arising (a)&nbsp;pursuant to, or in connection with an actual
or alleged violation of, any Environmental Law, (b)&nbsp;in connection with any Hazardous Material, (c)&nbsp;from any abatement, removal,
remedial, investigative, corrective or response action in connection with a Hazardous Material, Environmental Law or order of a Governmental
Authority or (d)&nbsp;from any actual or alleged damage, injury, threat or harm to health, safety, natural resources or the environment.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Environmental Law&rdquo;</I> means any current
or future Applicable Law pertaining to (a)&nbsp;the protection of health, safety and the indoor or outdoor environment, (b)&nbsp;the conservation,
management, protection or use of natural resources and wildlife, (c)&nbsp;the protection or use of surface water or groundwater, (d) the
management, manufacture, possession, presence, use, generation, transportation, treatment, storage, disposal, Release, threatened Release,
abatement, removal, investigation, remediation or handling of, or exposure to, any Hazardous Material or (e)&nbsp;pollution (including
any Release to air, land, surface water or groundwater), and any amendment, rule, regulation, order or directive issued thereunder.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Environmental Liability&rdquo;</I> means
any liability, contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, costs of compliance,
penalties or indemnities), of any Loan Party or any Subsidiary of a Loan Party directly or indirectly resulting from or based upon (a)&nbsp;any
actual or alleged violation of any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal
of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d)&nbsp;the Release or threatened Release of any Hazardous Materials
into the environment or (e) any contract, agreement or other legally enforceable consensual arrangement pursuant to which liability is
assumed or imposed with respect to any of the foregoing.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;ERISA&rdquo;</I> means the Employee Retirement
Income Security Act of 1974.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;EU Bail-In Legislation Schedule&rdquo;</I>
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-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Event of Default&rdquo;</I> means any event
or condition identified as such in Section&nbsp;9.1.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Exchange Act&rdquo;</I> means the Securities
and Exchange Act of 1934.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&ldquo;<I>Excluded Swap Obligation</I>&rdquo; means,
with respect to any Guarantor, any Swap Obligation if, and to the extent that, all or a portion of the Guaranty Agreement of such Guarantor
of, or the grant by such Guarantor of a security interest to secure, such Swap Obligation (or any Guaranty Agreement thereof) is or becomes
illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application
or official interpretation of any thereof) by virtue of such Guarantor&rsquo;s failure for any reason not to constitute an &ldquo;eligible
contract participant&rdquo; as defined in the Commodity Exchange Act and the regulations thereunder at the time the Guaranty Agreement
of such Guarantor or the grant of such security interest becomes effective with respect to such related Swap Obligation. If a Swap Obligation
arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such Swap Obligation that
is attributable to swaps for which such Guaranty Agreement or security interest is or becomes illegal.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Excluded Taxes&rdquo;</I> 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)&nbsp;Taxes
imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i)&nbsp;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)&nbsp;that are Other Connection
Taxes, (b)&nbsp;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)&nbsp;such Lender acquires
such interest in the Loan or Commitment (other than pursuant to an assignment request by the Borrower under Section&nbsp;2.11) or (ii)&nbsp;such
Lender changes its lending office, except in each case to the extent that, pursuant to Section&nbsp;4.1 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 lending office, (c)&nbsp;Taxes attributable to such Recipient&rsquo;s failure to comply with Section&nbsp;4.1(g),
and (d)&nbsp;any withholding Taxes imposed under FATCA.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Existing L/Cs&rdquo;</I> means the letters
of credit issued prior to and outstanding on the Closing Date, as described on Schedule 2.2.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

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

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;FCPA&rdquo;</I> means the Foreign Corrupt
Practices Act, 15 U.S.C. &sect;&sect;17dd1, et seq.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Federal Funds Rate&rdquo;</I> means, for
any day, the rate per annum equal to the weighted average of the rates on overnight federal funds transactions with members of the Federal
Reserve System, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; <I>provided</I> that
(a)&nbsp;if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding
Business Day as so published on the next succeeding Business Day, and (b)&nbsp;if no such rate is so published on such next succeeding
Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100
of 1%) charged to the Administrative Agent on such day on such transactions as determined by the Administrative Agent; <I>provided</I>
that in no event shall the Federal Funds Rate be less than 0.00%.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Floor&rdquo;</I> means the rate per annum
of interest equal to 0.00%.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Foreign Lender&rdquo; </I>means a Lender
that is not a U.S. Person.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Foreign Partnership&rdquo;</I> means any
partnership that is formed under the laws of any jurisdiction other than the United States of America or any State thereof.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Foreign Subsidiary&rdquo;</I> means each
Subsidiary which is organized under the laws of a jurisdiction other than the United States of America or any State thereof or the District
of Columbia.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Fronting Exposure&rdquo;</I> means, at any
time there is a Defaulting Lender, (a) with respect to any L/C Issuer, such Defaulting Lender&rsquo;s Percentage of the outstanding L/C
Obligations with respect to Letters of Credit issued by such L/C Issuer other than L/C Obligations as to which such Defaulting Lender&rsquo;s
participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof, and (b) with
respect to the Swingline Lender, such Defaulting Lender&rsquo;s Percentage of outstanding Swingline Loans made by the Swingline Lender
other than Swingline Loans as to which such Defaulting Lender&rsquo;s participation obligation has been reallocated to other Lenders.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

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

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;GAAP&rdquo;</I> means generally accepted
accounting principles set forth from time to time in the opinions and pronouncements of the Accounting Principles Board and the American
Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board (or agencies with
similar functions of comparable stature and authority within the U.S. accounting profession), which are applicable to the circumstances
as of the date of determination.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Governmental Authority&rdquo;</I> means
the government of the United States of America or any other nation, or of any political subdivision thereof, whether state or local,
and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial,
taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as
the European Union or the European Central Bank).</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Guarantee&rdquo;</I> of or by any Person
(the <I>&ldquo;guarantor&rdquo;</I>) means any obligation, contingent or otherwise, of the guarantor guaranteeing or having the economic
effect of guaranteeing any Indebtedness or other obligation of any other Person (the <I>&ldquo;primary obligor&rdquo;</I>) in any manner,
whether directly or indirectly, and including any obligation of the guarantor, direct or indirect, (a)&nbsp;to purchase or pay (or advance
or supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds for
the purchase of) any security for the payment thereof, (b)&nbsp;to purchase or lease property, securities or services for the purpose
of assuring the owner of such Indebtedness or other obligation of the payment thereof, (c)&nbsp;to maintain working capital, equity capital
or any other financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness
or other obligation or (d) as an account party in respect of any letter of credit or letter of guaranty issued to support such Indebtedness
or obligation; <I>provided</I> that the term Guarantee shall not include endorsements for collection or deposit in the ordinary course
of business.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Guarantied Liabilities&rdquo;</I> is defined
in Section 12.1.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Guarantor&rdquo;</I> and <I>&ldquo;Guarantors&rdquo;</I>
are each defined in Section&nbsp;12.1 hereof.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Guaranty Agreements&rdquo;</I> means and
includes the Guarantee of the Loan Parties provided for in Section&nbsp;12 (including by delivery of an Additional Guarantor Supplement
in the form attached hereto as Exhibit&nbsp;G or such other form reasonably acceptable to the Administrative Agent), and any other guaranty
agreement executed and delivered in order to guarantee the Guarantied Liabilities or any part thereof in form and substance reasonably
acceptable to the Administrative Agent.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Hazardous Material&rdquo; </I>means any substance,
chemical, compound, product, solid, gas, liquid, waste, byproduct, pollutant, contaminant or material which is hazardous or toxic, and
includes (a)&nbsp;asbestos, polychlorinated biphenyls and petroleum (including crude oil or any fraction thereof) and (b) any material
classified or regulated as &ldquo;hazardous&rdquo; or &ldquo;toxic&rdquo; or words of like import pursuant to an Environmental Law.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Hedging Agreement&rdquo;</I> means any agreement
with respect to any swap, forward, future or derivative transaction or option or similar agreement involving, or settled by reference
to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or
measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions; <I>provided</I>
that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers,
employees or consultants of any Loan Party or its Subsidiaries shall be a Hedging Agreement.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Hedging Liability&rdquo;</I> means the liability
of any Loan Party to any of the Lenders, or any Affiliates of such Lenders in respect of any Hedging Agreement of the type permitted under
Section<B>&nbsp;</B>8.5(g) as such Loan Party may from time to time enter into with any one or more of the Lenders party to this Agreement
or their Affiliates, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all
renewals, extensions and modifications thereof and substitutions therefor); <I>provided, however,</I> that, with respect to any Guarantor,
Hedging Liability Guaranteed by such Guarantor shall exclude all Excluded Swap Obligations.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Hub Chicago&rdquo;</I> means Hub City Terminals,
LLC, a Delaware limited liability company.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Hub Group&rdquo;</I> means the Borrower and
the Subsidiaries, collectively, and, also, each individually. The phrase <I>&ldquo;any member of the Hub Group&rdquo;</I> and derivatives
thereof appearing in the Loan Documents shall be deemed a reference to any or all of the Persons comprising the Hub Group (as applicable),
and without limiting the generality of the foregoing, the term <I>&ldquo;Hub Group&rdquo;</I> as used in the Loan Documents shall be deemed
a reference to any one or more of such Persons whether or not such phrase or any derivative thereof is used in conjunction with such term.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Hub Trucking&rdquo;</I> means Hub Group Trucking,
LLC, a Delaware limited liability company.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Increase&rdquo;</I> is defined in Section&nbsp;2.14.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Indebtedness&rdquo;</I> means for any Person
(without duplication) (a)&nbsp;all indebtedness created, assumed or incurred in any manner by such Person representing money borrowed
(including by the issuance of debt securities), (b)&nbsp;all indebtedness for the deferred purchase price of property or services (other
than trade accounts payable arising in the ordinary course of business), including any earnout obligation or similar deferred or contingent
purchase price obligation of such Person incurred or created in connection with a Permitted Acquisition that is a liability of the balance
sheet of such Person in accordance with GAAP, (c)&nbsp;all indebtedness secured by any Lien upon Property of such Person, whether or not
such Person has assumed or become liable for the payment of such indebtedness, (d)&nbsp;all Capitalized Lease Obligations of such Person
and (e)&nbsp;all obligations of such Person on or with respect to letters of credit, bankers&rsquo; acceptances and other extensions of
credit whether or not representing obligations for borrowed money.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Indemnified Taxes&rdquo;</I> means (a)&nbsp;all
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)&nbsp;to the extent not otherwise described in (a), Other Taxes.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Interest Coverage Ratio&rdquo;</I> means,
as of any date the same is to be determined, the ratio of (a) EBITDA for the period of four consecutive fiscal quarters of the Borrower
ending on such date, or, if none so ended, most recently completed prior to such date to (b) cash Interest Expense for the same four fiscal
quarter period.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Interest Expense&rdquo;</I> means, with reference
to any period, the sum of all interest charges (including imputed interest charges with respect to Capitalized Lease Obligations and all
amortization of debt discount and expense) of the Hub Group for such period determined in accordance with GAAP.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Interest Payment Date&rdquo;</I> means (a)&nbsp;with
respect to any SOFR Loan, the last day of each Interest Period with respect to such SOFR Loan and on the maturity date, (b)&nbsp;with
respect to any Base Rate Loan (other than Swingline Loans), the last day of every calendar quarter and on the maturity date, and (c)&nbsp;as
to any Swingline Loan, (i)&nbsp;bearing interest by reference to the Base Rate, the last day of every calendar month, and on the maturity
date and (ii)&nbsp;bearing interest by reference to the Swingline Lender&rsquo;s Quoted Rate, the last day of the Interest Period with
respect to such Swingline Loan, and on the maturity date.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Interest Period&rdquo;</I> means the period
commencing on the date a Borrowing of SOFR Loans or Swingline Loans (bearing interest at the Swingline Lender&rsquo;s Quoted Rate) is
advanced, continued, or created by conversion and ending (a)&nbsp;in the case of SOFR Loans, one&nbsp;(1) or three&nbsp;(3), months thereafter
and (b)&nbsp;in the case of Swingline Loans bearing interest at the Swingline Lender&rsquo;s Quoted Rate, on the date one (1) to five
(5) Business Days thereafter as mutually agreed by the applicable Borrower and the Swingline Lender; <I>provided, however, </I>that:</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;no Interest Period shall extend beyond the final maturity
date of the relevant Loans;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;whenever the last day of any Interest Period would
otherwise be a day that is not a Business Day, the last day of such Interest Period shall be extended to the next succeeding Business
Day, <I>provided that,</I> if such extension would cause the last day of an Interest Period for a Borrowing of SOFR Loans to occur in
the following calendar month, the last day of such Interest Period shall be the immediately preceding Business Day;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;for purposes of determining an Interest Period for
a Borrowing of SOFR Loans, a month means a period starting on one day in a calendar month and ending on the numerically corresponding
day in the next calendar month; <I>provided, however,</I> that if there is no numerically corresponding day in the month in which such
an Interest Period is to end or if such an Interest Period begins on the last Business Day of a calendar month, then such Interest Period
shall end on the last Business Day of the calendar month in which such Interest Period is to end; and</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;no tenor that has been removed from this definition
pursuant to Section 4.6 below shall be available for specification in such Notice of Borrowing or Notice of Continuation/Conversion<I>.</I></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify"><I>&ldquo;IRS&rdquo; </I>means the United States Internal Revenue
Service.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;L/C&nbsp;Issuer&rdquo;</I> means (i) BMO,
in its capacity as the issuer of Letters of Credit hereunder (including the Existing L/Cs), together with its successors in such capacity
as provided in Section&nbsp;2.2(h), and (ii) each other Lender (if any) as the Borrower may from time to time select as an L/C Issuer
hereunder; <U>provided</U> that such Lender has agreed in writing to be an L/C Issuer.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;L/C Obligations&rdquo;</I> means the aggregate
undrawn face amounts of all outstanding Letters of Credit and all unpaid Reimbursement Obligations.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;L/C Participation Fee&rdquo;</I> is defined
in Section 3.1(b).</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;L/C Sublimit&rdquo;</I> means $75,000,000,
as reduced or otherwise amended pursuant to the terms hereof.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Lenders&rdquo;</I> means and includes BMO
and the other Persons listed on Schedule 2.1 and any other Person that shall have become party hereto pursuant to an Assignment and Assumption,
other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption. Unless the context requires otherwise,
the term <I>&ldquo;Lenders&rdquo;</I> includes the Swingline Lender.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Lending Office&rdquo;</I> is defined in Section&nbsp;4.7.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Letter of Credit&rdquo;</I> is defined in
Section 2.2(a).</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Lien&rdquo; </I>means any mortgage, lien,
security interest, pledge, charge or encumbrance of any kind in respect of any Property, including the interests of a vendor or lessor
under any conditional sale, Capital Lease or other title retention arrangement.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Loan&rdquo;</I> means any Revolving Loan
or Swingline Loan, whether outstanding as a Base Rate Loan or SOFR Loan or otherwise, each of which is a <I>&ldquo;type&rdquo;</I> of
Loan hereunder.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Loan Documents&rdquo;</I> means this Agreement,
the Notes (if any), the Applications, the Guaranty Agreements, and each other instrument or document to be delivered hereunder or thereunder
or otherwise in connection therewith.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Loan Party&rdquo;</I> means each of the Borrower
and each of the Guarantors.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Material Adverse Effect&rdquo; </I>means
(a) a material adverse change in, or material adverse effect upon, the operations, business, Property or condition (financial or otherwise)
of the Borrower or of the Hub Group taken as a whole or (b) a material adverse effect upon the rights and remedies of the Administrative
Agent and the Lenders under the Loan Documents.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Material Subsidiary&rdquo;</I> means any
Subsidiary which has revenues, as of the fiscal year of the Borrower most recently ended, equal to or greater than 5% of the revenues
of the Hub Group taken as a whole (without giving effect to intercompany transactions) in such fiscal year; <I>provided</I> that the aggregate
revenues of all Subsidiaries which are not Material Subsidiaries in any fiscal year shall not exceed 20% of the aggregate revenues of
the Hub Group taken as a whole (without giving effect to intercompany transactions) in such fiscal year. The Borrower shall redesignate
any non-Material Subsidiary as a Material Subsidiary by written notice to the Administrative Agent delivered not later than the date of
delivery of the Borrower&rsquo;s audited financial statements pursuant to Section&nbsp;8.4(b) hereof for any fiscal year which would demonstrate
that one or more non-Material Subsidiaries must be redesignated as Material Subsidiaries in order to comply with the requirements set
forth in the preceding sentence. The Borrower may at any time remove any Subsidiary&rsquo;s designation as a Material Subsidiary, if after
giving effect to such removal (x) the revenues of such Subsidiary as of the fiscal year of the Borrower most recently ended did not exceed
5% of the revenues of the Hub Group taken as a whole (without giving effect to intercompany transactions) in such fiscal year, and (y)
the Borrower is not then obligated to designate one or more Subsidiaries as &ldquo;Material Subsidiaries&rdquo; under the terms of the
immediately preceding sentence.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Minimum Collateral Amount&rdquo;</I> means,
at any time, (a)&nbsp;with respect to Cash Collateral consisting of cash or deposit account balances, an amount equal to 100% of the Fronting
Exposure of all L/C Issuers with respect to Letters of Credit issued and outstanding at such time and (b) otherwise, an amount determined
by the Administrative Agent and the applicable L/C Issuer in their sole discretion.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Moody&rsquo;s&rdquo;</I> means Moody&rsquo;s
Investors Service,&nbsp;Inc., or any successor thereto.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Multiemployer Plan&rdquo;</I> means any employee
benefit plan of the type described in Section&nbsp;4001(a)(3) of ERISA, to which a member of the Controlled Group makes or is obligated
to make contributions, or during the preceding five plan years, has made or been obligated to make contributions.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Net Income&rdquo;</I> means, with reference
to any period, the net income (or net loss) of the Hub Group for such period as computed on a consolidated basis in accordance with GAAP.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Non-Consenting Lender&rdquo; </I>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 Section&nbsp;13.3 and (b)&nbsp;has been approved by the Required Lenders.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

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

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Note&rdquo;</I> and <I>&ldquo;Notes&rdquo;</I>
are each defined in Section&nbsp;2.9.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Obligations&rdquo;</I> means all obligations
of the Borrower to pay principal and interest on the Loans, all Reimbursement Obligations owing under the Applications, all fees and charges
payable hereunder, and all other payment obligations of the Borrower or other Loan Party arising under or in relation to any Loan Document,
in each case whether now existing or hereafter arising, due or to become due, direct or indirect, absolute or contingent, and howsoever
evidenced, held or acquired; <I>provided, however,</I> that, with respect to any Guarantor, Obligations guaranteed by such Guarantor shall
exclude all Excluded Swap Obligations.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;OFAC&rdquo; </I>means the United States Department
of the Treasury Office of Foreign Assets Control.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&ldquo;<I>OFAC Sanctions Programs</I>&rdquo; means
all laws, regulations, and Executive Orders administered by OFAC, including the Bank Secrecy Act, anti-money laundering laws (including
the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Pub. L.
107-56 (a/k/a the USA Patriot Act)), and all economic and trade sanction programs administered by OFAC, any and all similar United States
federal laws, regulations or Executive Orders, and any similar laws, regulations or orders adopted by any State within the United States.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

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    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;OFAC SDN List&rdquo; </I>means the list of
Specially Designated Nationals and Blocked Persons maintained by OFAC.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Other Connection Taxes&rdquo; </I>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-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Other Taxes&rdquo;</I> 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 Section&nbsp;2.11).</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Outbound Investment Rules&rdquo;</I> means
the regulations administered and enforced, together with any related public guidance issued, by the United States Treasury Department
under U.S. Executive Order 14105 of August 9, 2023, or any similar law or regulation; as of the date of this Agreement, and as codified
at 31 C.F.R. &sect; 850.101 et seq.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Participant&rdquo; </I>has the meaning assigned
to such term in clause&nbsp;(d) of Section&nbsp;13.2.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Participant Register&rdquo; </I>has the meaning
specified in clause (d) of Section&nbsp;13.2.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Participating Interest&rdquo;</I> is defined
in Section&nbsp;2.2(e).</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Participating Lender&rdquo;</I> is defined
in Section&nbsp;2.2(e).</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Payment Default&rdquo;</I> means any default
which continues beyond any grace period expressed in any Loan Document as applicable thereto, in the payment when due of (a)&nbsp;all
or any part of the principal of or interest on the Loans (whether at the stated maturity therefor at any other time provided for in this
Agreement), or (b)&nbsp;any Reimbursement Obligation, or (c)&nbsp;any fee or other Obligation payable hereunder or under any other Loan
Document.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;PBGC&rdquo;</I> means the Pension Benefit
Guaranty Corporation or any Person succeeding to any or all of its functions under ERISA.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;Percentage&rdquo;</I> means, for each Lender,
the percentage of the total Commitments represented by such Lender&rsquo;s Commitment or, if the Commitments have been terminated or expired,
the percentage of the total Revolving Credit Exposure then outstanding held by such Lender.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;Permitted Acquisition&rdquo;</I> means any
Acquisition by any member of the Hub Group which satisfies each of the following requirements: (i)&nbsp;after giving effect to the Acquisition,
no Default or Event of Default has occurred and is continuing; (ii) the Borrower shall have delivered to the Administrative Agent a Compliance
Certificate reasonably acceptable to the Administrative Agent evidencing that Borrower&rsquo;s compliance with the Total Net Leverage
Ratio, calculated on a <I>pro forma </I>basis after giving effect to the Acquisition, which compliance shall be by more than 0.25:1.00
of the then prevailing covenant level (after giving effect to any Acquisition Holiday); and (iii) in the case of the Acquisition of any
Person, the board of directors (or equivalent governing body) of the Person being acquired shall have approved such Acquisition.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Person&rdquo; </I>means any natural person,
corporation, limited liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Plan&rdquo;</I> means any employee pension
benefit plan other than a Multiemployer Plan covered by Title&nbsp;IV of ERISA or subject to the minimum funding standards under Section&nbsp;412
of the Code that is maintained by a member of the Controlled Group for employees of a member of the Controlled Group.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Property&rdquo;</I> means, as to any Person,
all types of real, personal, tangible, intangible or mixed property owned by such Person whether or not included in the most recent balance
sheet of such Person and its subsidiaries under GAAP.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&ldquo;<I>Qualified ECP Guarantor</I>&rdquo; means,
in respect of any Swap Obligation, each Loan Party that has total assets exceeding $10,000,000 at the time the relevant Guarantee or grant
of the relevant security interest becomes effective with respect to such Swap Obligation or such other Person as constitutes an &ldquo;eligible
contract participant&rdquo; under the Commodity Exchange Act or any regulations promulgated thereunder and can cause another Person to
qualify as an &ldquo;eligible contract participant&rdquo; at such time by entering into a keepwell under Section&nbsp;1a(18)(A)(v)(II)
of the Commodity Exchange Act.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Recipient</I>&rdquo; means (a) the Administrative
Agent, (b) any Lender, and (c) any L/C Issuer, as applicable.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Regulatory Authority&rdquo;</I> is defined
in Section 13.20.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Reimbursement Obligation&rdquo;</I> is defined
in Section&nbsp;2.2(c).</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Related Parties&rdquo; </I>means, with respect
to any Person, such Person&rsquo;s Affiliates and the partners, directors, officers, employees, agents, trustees, administrators, managers,
advisors and representatives of such Person and of such Person&rsquo;s Affiliates.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Release&rdquo;</I> means any spilling, leaking,
pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching, migrating, dumping, or disposing into the indoor or
outdoor environment, including the abandonment or discarding of barrels, drums, containers, tanks or other receptacles containing or previously
containing any Hazardous Material.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"><I>&nbsp;</I></P>

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

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Required Lenders&rdquo; </I>means, at any
time, Lenders having Total Credit Exposures representing more than 50% of the Total Credit Exposures of all Lenders. To the extent provided
in the last paragraph of Section&nbsp;13.3, the Total Credit Exposure of any Defaulting Lender shall be disregarded in determining Required
Lenders at any time. For purposes of this definition, a Lender, together with its Approved Funds and Affiliates, shall constitute one
and the same Lender; <I>provided</I>, in no event shall the Required Lenders include fewer than two (2) unaffiliated Lenders at any time
when there are two (2) or more unaffiliated Lenders.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;Rescindable Amount&rdquo; </I>is defined
in Section 5.1(b).</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&ldquo;<I>Resolution Authority</I>&rdquo; means an
EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;Responsible Officer&rdquo;</I> of any person
means any executive officer or financial officer of such Person and any other officer or similar official thereof with responsibility
for the administration of the obligations of such person in respect of this Agreement whose signature and incumbency shall have been certified
to the Administrative Agent on or after the Closing Date pursuant to an incumbency certificate of the type contemplated by Section&nbsp;7.2.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Restricted Payment&rdquo;</I> is defined
in Section&nbsp;8.9 hereof.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Revolving Credit Exposure&rdquo; </I>means,
as to any Lender at any time, the aggregate principal amount at such time of its outstanding Revolving Loans and such Lender&rsquo;s participation
in L/C Obligations and Swingline Loans at such time.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Revolving Facility&rdquo;</I> means the credit
facility for making Revolving Loans and Swingline Loans and issuing Letters of Credit described in Sections&nbsp;2.1 and 2.2.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Revolving Loan&rdquo; </I>is defined in Section&nbsp;2.1
and, as so defined, includes a Base Rate Loan or a SOFR Loan, each of which is a <I>&ldquo;type&rdquo;</I> of Revolving Loan hereunder.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Revolving Note&rdquo;</I> is defined in Section&nbsp;2.9.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;S&amp;P&rdquo;</I> means Standard&nbsp;&amp;
Poor&rsquo;s Ratings Services, a Standard &amp; Poor&rsquo;s Financial Services LLC business, or any successor thereto.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&ldquo;<I>Sanctioned Person</I>&rdquo; means, at any
time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by OFAC (including the OFAC SDN List), the
United States Department of State, the United Nations Security Council, the European Union, any European Union member state, His Majesty&rsquo;s
Treasury of the United Kingdom, the government of Canada, including Global Affairs Canada, or any other relevant sanctions authority with
jurisdiction over any Loan Party or any of their respective Subsidiaries or Affiliates, (b) any Person located, organized or resident
in a Designated Jurisdiction or (c) any Person owned or controlled by any such Person or Persons described in clauses (a) or (b) above.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Sanctions&rdquo;</I> means any trade, economic
or financial sanction administered or enforced by the United States Government (including OFAC Sanctions Programs), the United Nations
Security Council, the European Union, His Majesty&rsquo;s Treasury of the United Kingdom, the government of Canada, including Global Affairs
Canada or other relevant sanctions authority.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;SEC&rdquo;</I> means the federal Securities
and Exchange Commission, and any successor thereto.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Senior Management&rdquo;</I> shall mean the
chief executive officer, president, principal financial officer, principal accounting officer (or, if there is no such accounting officer,
the controller), any executive vice president, any vice president of the Borrower in charge of a principal business unit, division or
function (such as sales, administration or finance) and any other officer who performs a policy-making function for the Borrower.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;SOFR&rdquo;</I> means a rate equal to the
secured overnight financing rate as administered by the Federal Reserve Bank of New York (or a successor administrator of the secured
overnight financing rate).</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;SOFR Loan&rdquo;</I> means a Loan bearing
interest based on Term SOFR, other than pursuant to clause (c) of the definition of &ldquo;Base Rate.&rdquo;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Subsidiary&rdquo;</I> means any corporation
or other Person more than 50% of the outstanding Voting Stock of which is at the time directly or indirectly owned by the Borrower, by
one or more of its Subsidiaries, or by the Borrower and one or more of its Subsidiaries.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&ldquo;<I>Swap Obligation</I>&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-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Swing Note&rdquo;</I> is defined in Section&nbsp;2.9.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Swingline&rdquo;&nbsp;</I>means the credit
facility for making one or more Swingline Loans described in Section&nbsp;2.1(b).</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Swingline Lender&rdquo;</I> means BMO, in
its capacity as the Lender of Swingline Loans hereunder, or any successor Lender acting in such capacity appointed pursuant to Section&nbsp;10.8
or 13.2.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Swingline Lender&rsquo;s Quoted Rate&rdquo;</I>
is defined in Section&nbsp;2.1(b)(ii).</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Swingline Loan&rdquo; </I>and <I>&ldquo;Swingline
Loans&rdquo;</I> each is defined in Section&nbsp;2.1(b).</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Swingline Sublimit&rdquo;</I> means $15,000,000,
as reduced pursuant to the terms hereof.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Taxes&rdquo;</I> 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="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;Termination Date&rdquo;</I> means June 20,
2030, or such earlier date on which the Commitments are terminated in whole pursuant to Section&nbsp;2.10, 9.2 or 9.3.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;Term SOFR&rdquo;</I> means, for the applicable
tenor, the Term SOFR Reference Rate on the day (such day, the <I>&ldquo;Term SOFR Determination Day&rdquo;</I>) that is two (2) U.S. Government
Securities Business Days prior to (a) in the case of SOFR Loans, the first day of such applicable Interest Period, or (b) with respect
to Base Rate, such day of determination of the Base Rate, in each case as such rate is published by the Term SOFR Administrator; provided,
however, that if as of 5:00 p.m. (New York City time) on any Term SOFR Determination Day the Term SOFR Reference Rate for the applicable
tenor has not been published by the Term SOFR Administrator and a Benchmark Replacement Date with respect to the Term SOFR Reference Rate
has not occurred, then Term SOFR will be the Term SOFR Reference Rate for such tenor as published by the Term SOFR Administrator on the
first preceding U.S. Government Securities Business Day for which such Term SOFR Reference Rate for such tenor was published by the Term
SOFR Administrator so long as such first preceding U.S. Government Securities Business Day is not more than three (3) U.S. Government
Securities Business Days prior to such Term SOFR Determination Day; <I>provided, that</I> if Term SOFR determined as provided above shall
ever be less than the Floor, then Term SOFR shall be deemed to be the Floor.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;Term SOFR Administrator&rdquo;</I> means
CME Group Benchmark Administration Limited (CBA) (or a successor administrator of the Term SOFR Reference Rate selected by the Administrative
Agent in its reasonable discretion).</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;Term SOFR Reference Rate&rdquo;</I> means
the forward-looking term rate based on SOFR.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;Total Credit Exposure&rdquo; </I>means, as
to any Lender at any time, the unused Commitments and Revolving Credit Exposure of such Lender at such time.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;Total Funded Debt&rdquo;</I> means, at any
time the same is to be determined, the aggregate of all Indebtedness of the Hub Group at such time, <I>plus</I> (without duplication)
all Indebtedness of any other Person which is directly or indirectly guaranteed by any member of the Hub Group or which any member of
the Hub Group has agreed (contingently or otherwise) to purchase or otherwise acquire or in respect of which any member of the Hub Group
has otherwise assured a creditor against loss (but in no event will include operating leases). In any determination of Total Funded Debt,
in the event the holder&rsquo;s right of recovery on any guaranty or similar obligation owed to such holder is limited in writing, the
holder&rsquo;s right of recovery on, the Total Funded Debt attributable to such guaranty or other instrument shall be the on-balance sheet
portion of the amount to which liability thereon has been so limited.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;Total Net Leverage Ratio&rdquo;</I> means,
as of any date the same is to be determined, the ratio of (a) Total Funded Debt as of such date, <I>minus</I> up to $100,000,000 in Unrestricted
Cash and Cash Equivalents of the Hub Group to (b) EBITDA for the four consecutive fiscal quarters of the Borrower ending on such date
or, if none so ended, most recently completed prior to such date.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;UK Resolution Authority&rdquo;</I> means
the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&ldquo;Unadjusted Benchmark Replacement&rdquo;</I>
means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Unfunded Vested Liabilities&rdquo;</I> means,
for any Plan at any time, the amount (if any) by which the present value of all vested nonforfeitable accrued benefits under such Plan
exceeds the fair market value of all Plan assets allocable to such benefits based on the actuarial assumptions used by such Plan for annual
funding purposes, all determined as of the then most recent valuation date for such Plan, but only to the extent that such excess represents
a potential liability of a member of the Controlled Group to the PBGC or the Plan under Title&nbsp;IV of ERISA.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Unrestricted Cash and Cash Equivalents&rdquo;</I>
means all cash and Cash Equivalents on the balance sheet of the Borrower which is not subject to any Lien (except customary set-off rights
of any depository bank or securities intermediary the holder or administrators such investments), <I>provided, that,</I> there shall be
excluded therefrom the amount of any trustee-held funds, litigation reserves or other self-insurance or captive insurance funds or any
other funds that are set aside or reserved in a manner so as to restrict the funds so that they are not available to pay debt service
on the Obligations.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;U.S. Dollars&rdquo;</I> and <I>&ldquo;$&rdquo;</I>
each means the lawful currency of the United States of America.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;U.S. Government Securities Business Day&rdquo;</I>
means any day except for (i) a Saturday, (ii) a Sunday or (iii) a day on which the Securities Industry and Financial Markets Association
recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government
securities.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;U.S. Person&rdquo; </I>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-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;U.S. Tax Compliance Certificate&rdquo; </I>has
the meaning assigned to such term in subsection&nbsp;(g) of Section&nbsp;4.1.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Voting Stock&rdquo;</I> of any Person means
capital stock or other equity interests of any class or classes (however designated) having ordinary power for the election of directors
or other similar governing body of such Person, other than stock or other equity interests having such power only by reason of the happening
of a contingency.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Welfare Plan&rdquo;</I> means a &ldquo;welfare
plan&rdquo; as defined in Section&nbsp;3(1) of ERISA.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Wholly-Owned Subsidiary&rdquo;</I> means
a Subsidiary of which all of the issued and outstanding shares of capital stock (other than directors&rsquo; qualifying shares as required
by law) or other equity interests are owned by the Borrower and/or one or more Wholly-Owned Subsidiaries within the meaning of this definition.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&ldquo;Withholding Agent&rdquo; </I>means any Loan
Party and the Administrative Agent.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&ldquo;<I>Write-Down and Conversion Powers</I>&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="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section 1.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interpretation;
Changes in Accounting Principles</I>. The foregoing definitions are equally applicable to both the singular and plural forms of the terms
defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words
&ldquo;include,&rdquo; &ldquo;includes&rdquo; and &ldquo;including&rdquo; shall be deemed to be followed by the phrase &ldquo;without
limitation.&rdquo; The word &ldquo;will&rdquo; shall be construed to have the same meaning and effect as the word &ldquo;shall.&rdquo;
Unless the context requires otherwise (a)&nbsp;any definition of or reference to any agreement, instrument or other document herein shall
be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified
(subject to any restrictions on such amendments, supplements or modifications set forth herein), (b) 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 Agreement in its entirety and not to any particular
provision hereof, (d) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and
Sections of, and Exhibits and Schedules to, this Agreement, (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. All references to time of day herein are references
to Chicago, Illinois, time unless otherwise specifically provided. Where the character or amount of any asset or liability or item of
income or expense is required to be determined or any consolidation or other accounting computation is required to be made for the purposes
of this Agreement, it shall be done in accordance with GAAP except where such principles are inconsistent with the specific provisions
of this Agreement; <I>provided, however, </I>that if any change in GAAP would affect (or would result in a change in the method of calculation
of) any of the covenants set forth in Section&nbsp;8 or any definition related thereto, then the Borrower and the Administrative Agent
will negotiate in good faith to amend in accordance with the terms of this Agreement all such covenants and definitions as would be affected
by such change in GAAP to the extent necessary to maintain the economic terms of such covenants as in effect under this Agreement immediately
prior to giving effect to such changes in GAAP; <I>provided, further, however, </I>that until the amendment of such covenants and definitions
shall have been agreed upon by the Borrower and the Administrative Agent, the covenants and definitions in effect immediately prior to
such amendment shall remain in effect and any determination of compliance with any such covenant shall be construed in accordance with
GAAP as in effect immediately prior to such change in GAAP and consistently applied. All financial and negative covenants that include
a measurement of Indebtedness shall be calculated without giving effect to any change to, or modification of, GAAP after that date hereof
which require operating leases to be recognized or included on balance sheet. In computing financial ratios and other financial calculations
of the Hub Group required to be submitted pursuant to this Agreement, all Indebtedness shall be calculated at par value irrespective
of whether any member of the Hub Group has elected the fair value option pursuant to <I>FASB Interpretation No. 159 &ndash; The Fair
Value Option for Financial Assets and Financial Liabilities &ndash; Including an amendment of FASB Statement No. 115 (February 2007).</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I></I></P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I></I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section 1.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest Rates</I>. The Administrative Agent does
not warrant or accept responsibility for, and shall not have any liability with respect to (a) the continuation of, administration of,
submission of, calculation of or any other matter related to the Benchmark, any component definition thereof or rates referred to in the
definition thereof, or any alternative, successor or replacement rate thereto (including any Benchmark Replacement), including whether
the composition or characteristics of any such alternative, successor or replacement rate (including any Benchmark Replacement) will be
similar to, or produce the same value or economic equivalence of, or have the same volume or liquidity as, the Benchmark or any other
Benchmark prior to its discontinuance or unavailability, or (b) the effect, implementation or composition of any Conforming Changes. The
Administrative Agent and its affiliates or other related entities may engage in transactions that affect the calculation of the Benchmark,
any alternative, successor or replacement rate (including any Benchmark Replacement) and/or any relevant adjustments thereto, in each
case, in a manner adverse to the Borrower. The Administrative Agent may select information sources or services in its reasonable discretion
to ascertain the Benchmark or any other Benchmark, in each case pursuant to the terms of this Agreement, and shall have no liability to
the Borrower, any Lender or any other person or entity for damages of any kind, including direct or indirect, special, punitive, incidental
or consequential damages, costs, losses or expenses (whether in tort, contract or otherwise and whether at law or in equity), for any
error or calculation of any such rate (or component thereof) provided by any such information source or service.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section 1.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Divisions</I>. For all purposes under the Loan Documents,
in connection with any division or plan of division under Delaware law (or any comparable event under a different jurisdiction&rsquo;s
laws): (a) 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="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 8%; font-size: 10pt; font-variant: small-caps; text-align: left; text-indent: 0pt; padding-left: 0pt">Section&nbsp;2.</TD>
    <TD STYLE="width: 92%; font-size: 10pt; font-variant: small-caps; text-align: left">The Facilities.</TD></TR>
  </TABLE>

<P STYLE="margin: 0pt 0 0pt 84.95pt; font-size: 10pt; font-variant: small-caps; text-indent: -84.95pt"></P>

<P STYLE="margin: 0pt 0 0pt 84.95pt; font-size: 10pt; font-variant: small-caps; text-indent: -84.95pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;2.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Revolving
Facility</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I></I>(a)<I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commitments.</I> Subject to the terms and conditions
hereof, each Lender, by its acceptance hereof, severally agrees to make a loan or loans (individually, a <I>&ldquo;Revolving Loan,&rdquo;</I>
and collectively for all the Lenders, the <I>&ldquo;Revolving Loans&rdquo;</I>) in U.S. Dollars to the Borrower from time to time on a
revolving basis up to the amount of such Lender&rsquo;s Commitment, subject to any reductions thereof pursuant to the terms hereof, before
the Termination Date. The sum of the aggregate principal amount of Revolving Loans, Swingline Loans, and L/C Obligations at any time outstanding
shall not exceed the Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion
to their respective Percentages. As provided in Section&nbsp;2.5(a), the Borrower may elect that each Borrowing of Revolving Loans be
either Base Rate Loans or SOFR Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Termination
Date, subject to the terms and conditions hereof.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Swingline Loans.</I> (i)&nbsp; <I>Generally</I>. Subject
to the terms and conditions hereof, as part of the Revolving Facility, the Swingline Lender will make loans in U.S.&nbsp;Dollars to the
Borrower under the Swingline (individually, a <I>&ldquo;Swingline Loan&rdquo;</I> and collectively, the <I>&ldquo;Swingline Loans&rdquo;</I>)
which shall not in the aggregate at any time outstanding exceed the Swingline Sublimit; <I>provided, that</I> the Swingline Lender shall
not be required to make a Swingline Loan to the extent it would cause the sum of the (x) aggregate outstanding principal amount of Swingline
Loans <I>plus</I> (y) such Lender&rsquo;s pro rata share of the outstanding principal amount of Revolving Loans <I>plus</I> (z) such Lender&rsquo;s
pro rata share of the outstanding L/C&nbsp;Obligations to exceed such Lender&rsquo;s Commitment. Swingline Loans may be availed of from
time to time by the Borrower, and borrowings thereunder may be repaid and used again during the period ending on the Termination Date.
Each Swingline Loan shall be in a minimum amount of $500,000 or such greater amount which is an integral multiple of $100,000. Each Swingline
Loan shall bear interest until maturity (whether by acceleration or otherwise) at a rate per annum equal to (x)&nbsp;the rate per annum
for Base Rate Loans as from time to time in effect or (y)&nbsp;the Swingline Lender&rsquo;s Quoted Rate (computed on the basis of a year
of 360&nbsp;days for the actual number of days elapsed). Interest on each Swingline Loan shall be due and payable by the Borrower on each
Interest Payment Date and at maturity (whether by acceleration or otherwise).</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(ii)<I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Requests for Swingline Loans</I>. The Borrower shall give
the Administrative Agent prior notice (which may be written or oral) no later than 12:00&nbsp;Noon (Chicago time) on the date upon which
the Borrower requests that any Swingline Loan be made, of the amount and date of such Swingline Loan, and, if applicable, the Interest
Period requested therefor. The Administrative Agent shall promptly advise the Swingline Lender of any such notice received from the Borrower.
The Swingline Lender may in its discretion quote an interest rate to the Borrower at which the Swingline Lender would be willing to make
such Swingline Loan available to the Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being
herein referred to as <I>&ldquo;Swingline Lender&rsquo;s Quoted Rate&rdquo;</I>). The Borrower acknowledge and agree that any such interest
rate quote will be given for immediate and irrevocable acceptance. If the Borrower does not so immediately accept the Swingline Lender&rsquo;s
Quoted Rate for the full amount requested by the Borrower for such Swingline Loan, the Swingline Lender&rsquo;s Quoted Rate shall be deemed
immediately withdrawn. If the Swingline Lender&rsquo;s Quoted Rate is not accepted or otherwise does not apply, such Swingline Loan shall
bear interest at the rate per annum for Base Rate Loans as from time to time in effect. Subject to the terms and conditions hereof, the
proceeds of each Swingline Loan extended to the Borrower shall be deposited or otherwise wire transferred to the Borrower&rsquo;s Designated
Disbursement Account or as the Borrower, the Administrative Agent, and the Swingline Lender may otherwise agree. Anything contained in
the foregoing to the contrary notwithstanding, the undertaking of the Swingline Lender to make Swingline Loans shall be subject to all
of the terms and conditions of this Agreement (<I>provided</I> that the Swingline Lender shall be entitled to assume that the conditions
precedent to an advance of any Swingline Loan have been satisfied unless notified to the contrary by the Administrative Agent or the Required
Lenders).</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Refunding Swingline Loans</I>. In its sole and absolute
discretion, the Swingline Lender may at any time, on behalf of the Borrower (which hereby irrevocably authorizes the Swingline Lender
to act on its behalf for such purpose) and with notice to the Borrower and the Administrative Agent, request each Lender to make a Revolving
Loan in the form of a Base Rate Loan in an amount equal to such Lender&rsquo;s Percentage of the amount of the Swingline Loans outstanding
on the date such notice is given (which Loans shall thereafter bear interest as provided for in Section 2.3(a)). Unless an Event of Default
described in Section&nbsp;9.1(j) or 9.1(k) exists with respect to the Borrower, regardless of the existence of any other Event of Default,
each Lender shall make the proceeds of its requested Revolving Loan available to the Administrative Agent for the account of the Swingline
Lender, in immediately available funds, at the Administrative Agent&rsquo;s office in Chicago, Illinois (or such other location designated
by the Administrative Agent), before 12:00 Noon (Chicago time) on the Business Day following the day such notice is given. The Administrative
Agent shall promptly remit the proceeds of such Borrowing to the Swingline Lender to repay the outstanding Swingline Loans.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Participation in Swingline Loans. </I>If any Lender refuses
or otherwise fails to make a Revolving Loan when requested by the Swingline Lender pursuant to Section&nbsp;2.1(b)(iii) above (because
an Event of Default described in Section&nbsp;9.1(j) or 9.1(k) exists with respect to the Borrower or otherwise), such Lender will, by
the time and in the manner such Revolving Loan was to have been funded to the Swingline Lender, purchase from the Swingline Lender an
undivided participating interest in the outstanding Swingline Loans in an amount equal to its Percentage of the aggregate principal amount
of Swingline Loans that were to have been repaid with such Revolving Loans. From and after the date of any such purchase, the parties
hereto hereby acknowledge and agree that such Swingline Loans shall thereafter bear interest as Base Rate Loans as provided for in Section
2.1(b)(i)(x) above). Each Lender that so purchases a participation in a Swingline Loan shall thereafter be entitled to receive its Percentage
of each payment of principal received on the Swingline Loan and of interest received thereon accruing from the date such Lender funded
to the Swingline Lender its participation in such Loan. The several obligations of the Lenders under this Section shall be absolute, irrevocable,
and unconditional under any and all circumstances whatsoever and shall not be subject to any set-off, counterclaim or defense to payment
which any Lender may have or have had against the Borrower, any other Lender, or any other Person whatsoever. Without limiting the generality
of the foregoing, such obligations shall not be affected by any Default or by any reduction or termination of the Commitments of any Lender,
and each payment made by a Lender under this Section shall be made without any offset, abatement, withholding, or reduction whatsoever.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;2.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Letters of Credit</I></P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>General Terms.</I> Subject to the terms and conditions hereof,
as part of the Revolving Facility, the L/C&nbsp;Issuer shall issue standby and commercial letters of credit (each, a <I>&ldquo;Letter
of Credit&rdquo;</I>) for the account of the Borrower in an aggregate undrawn face amount of up to the L/C Sublimit. Each Letter of Credit
shall be issued by the L/C&nbsp;Issuer, but each Lender shall be obligated to reimburse the L/C&nbsp;Issuer for such Lender&rsquo;s Percentage
of the amount of each drawing thereunder and, accordingly, Letters of Credit shall constitute usage of the Commitment of each Lender pro
rata in an amount equal to its Percentage of the L/C&nbsp;Obligations then outstanding. Notwithstanding anything herein to the contrary,
effective as of the Closing Date, the Existing L/Cs (all of the Existing L/Cs are listed and described in Schedule&nbsp;2.2 hereto) issued
by Bank of Montreal, as the L/C Issuer, and the Applications provided in connection therewith shall each constitute a <I>&ldquo;Letter
of Credit&rdquo;</I> and an <I>&ldquo;Application&rdquo;</I>, as applicable, hereunder for all purposes of the Agreement to the same extent,
and with the same force and effect, as if such Existing L/Cs had been issued at the request of the Borrower hereunder.</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Applications.</I> At any time before the Termination Date,
the L/C&nbsp;Issuer shall, at the request of the Borrower, issue one or more Letters of Credit in U.S.&nbsp;Dollars, in a form reasonably
satisfactory to the L/C&nbsp;Issuer, with expiration dates no later than 12&nbsp;months from the date of issuance (or which are cancelable
not later than 12&nbsp;months from the date of issuance and each renewal), in an aggregate face amount as set forth above, upon the receipt
of an application duly executed by the Borrower for the relevant Letter of Credit in the form then customarily prescribed by the L/C&nbsp;Issuer
for the Letter of Credit requested (each an <I>&ldquo;Application&rdquo;</I>); <I>provided, however,</I> that if the expiration date of
any Letter of Credit issued hereunder extends past the Termination Date, the Borrower hereby agrees to cause Cash Collateral to be posted
with the Administrative Agent on or before the date thirty (30) days prior to the Termination Date as then in effect (provided that if
the request for such Letter of Credit is made within the thirty (30) day period prior to the Termination Date, the Borrower hereby agrees
to cause Cash Collateral to be posted with the Administrative Agent as a condition to the issuance of the requested Letter of Credit),
in an amount equal to 105% of the face amount of such Letter of Credit (which shall be held by the Administrative Agent pursuant to the
terms of Section&nbsp;9.4). The Borrower, the Administrative Agent and the Lenders acknowledge and agree that the L/C Issuer may agree
to extend or renew a Letter of Credit issued under this Agreement after the Termination Date. In consideration of any such extension or
renewal, Borrower agree that all Cash Collateral posted with respect to any such Letter of Credit issued under this Agreement shall continue
to be pledged to, and subject to the security interest of, the Administrative Agent, for the benefit of the L/C Issuer, after the Termination
Date as collateral security for any Reimbursement Obligations related to such Letter of Credit and any extension or renewal thereof. The
Borrower agrees that if on the Termination Date any Letters of Credit which have not previously been Cash Collateralized remain outstanding
or have not been returned to the L/C Issuer for cancellation or otherwise cancelled, the Borrower shall then deliver to the Administrative
Agent, without notice or demand, Cash Collateral in an</P>

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<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify; text-indent: 0pt">amount equal to 105% of the aggregate amount of each such Letter of Credit (which
shall be held by the Administrative Agent pursuant to the terms of Section&nbsp;9.4). Notwithstanding anything contained in any Application
to the contrary: (i)&nbsp;the Borrower shall pay fees in connection with each Letter of Credit as set forth in Section&nbsp;3.1, (ii)&nbsp;except
as otherwise provided herein or in Sections&nbsp;2.7, 2.12 or 2.13, unless an Event of Default exists, the L/C&nbsp;Issuer will not call
for the funding by the Borrower of any amount under a Letter of Credit before being presented with a drawing thereunder, (iii)&nbsp;if
the L/C&nbsp;Issuer is not timely reimbursed for the amount of any drawing under a Letter of Credit on the date such drawing is paid,
except as otherwise provided for in Section&nbsp;2.5(c), the Borrower&rsquo;s obligations to reimburse the L/C&nbsp;Issuer for the amount
of such drawing shall bear interest (which the Borrower hereby promises to pay) from and after the date such drawing is paid at a rate
per annum equal to the sum of the Applicable Margin plus the Base Rate from time to time in effect (computed on the basis of a year of
365 or 366&nbsp;days, as the case may be, and the actual number of days elapsed), and (iv)&nbsp;the L/C Issuer will promptly notify the
Borrower of the presentment to the L/C Issuer of any demand for payment by the L/C Issuer under any Letter of Credit, together with notice
of the amount of such payment and the date such payment shall be made. If the L/C&nbsp;Issuer issues any Letter of Credit with an expiration
date that is automatically extended, unless the L/C&nbsp;Issuer gives notice that the expiration date will not so extend beyond its then
scheduled expiration date, unless the Administrative Agent or the Required Lenders instruct the L/C&nbsp;Issuer otherwise, the L/C&nbsp;Issuer
will give such notice of non-renewal before the time necessary to prevent such automatic extension if before such required notice date:
(i)&nbsp;the expiration date of such Letter of Credit if so extended would be after the Termination Date, (ii)&nbsp;the Commitments have
been terminated, or (iii)&nbsp;an Event of Default exists and either the Administrative Agent or the Required Lenders (with notice to
the Administrative Agent) have given the L/C&nbsp;Issuer instructions to not permit the extension of the expiration date of such Letter
of Credit. The L/C&nbsp;Issuer agrees to issue amendments to the Letter(s) of Credit increasing the amount, or extending the expiration
date, thereof at the request of the Borrower subject to the conditions of Section&nbsp;7 and the other terms of this Section.</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>The Reimbursement Obligations.</I> Subject to Section&nbsp;2.2(b),
the obligation of the Borrower to reimburse the L/C&nbsp;Issuer for all drawings under a Letter of Credit (a <I>&ldquo;Reimbursement Obligation&rdquo;</I>)
shall be governed by the Application related to such Letter of Credit, except that reimbursement shall be made by no later than 12:00
Noon (Chicago time) on the date when each drawing is to be paid if the Borrower has been informed of such drawing by the L/C&nbsp;Issuer
on or before 10:00&nbsp;a.m. (Chicago time) on the date when such drawing is to be paid or, if notice of such drawing is given to the
Borrower after 10:00&nbsp;a.m. (Chicago time) on the date when such drawing is to be paid, by no later than 12:00 Noon (Chicago time)
on the following Business Day, in immediately available funds at the Administrative Agent&rsquo;s principal office in Chicago, Illinois,
or such other office as the Administrative Agent may designate in writing to the Borrower (and the Administrative Agent shall thereafter
cause to be distributed to the L/C&nbsp;Issuer such amount(s) in like funds); <I>provided, </I>that the Borrower may, subject to the conditions
to borrowing set forth herein, request in accordance with Section 2.1 or 2.5 that such payment be financed with a Borrowing of Revolving
Loans or a Swingline Loan in an equivalent amount and, to the extent so financed, the Borrower&rsquo;s obligation to make such payment
shall be discharged and replaced by the resulting Borrowing of Revolving Loans or Swingline Loan. If the Borrower do not make any such
reimbursement payment on the date due and the Participating Lenders fund their participations therein in the manner set forth in Section&nbsp;2.2(e)
below, then all payments thereafter received by the Administrative Agent in discharge of any of the relevant Reimbursement Obligations
shall be distributed in accordance with Section&nbsp;2.2(e) below.</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Obligations Absolute.</I> The Borrower&rsquo;s obligations
to reimburse L/C Obligations shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the
terms of this Agreement and the relevant Application under any and all circumstances whatsoever and irrespective of (i)&nbsp;any lack
of validity or enforceability of any Letter of Credit or this Agreement, or any term or provision therein, (ii)&nbsp;any draft or other
document presented under a Letter of Credit proving to be forged, fraudulent or invalid in any respect or any statement therein being
untrue or inaccurate in any respect, (iii)&nbsp;payment by the L/C&nbsp;Issuer under a Letter of Credit against presentation of a draft
or other document that does not strictly comply with the terms of such Letter of Credit, or (iv)&nbsp;any other event or circumstance
whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this Section, constitute a legal or
equitable discharge of, or provide a right of setoff against, the Borrower&rsquo;s obligations hereunder. None of the Administrative Agent,
the Lenders, or the L/C&nbsp;Issuer shall have any liability or responsibility by reason of or in connection with the issuance or transfer
of any Letter of Credit or any payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to
in the preceding sentence), or any error, omission, interruption, loss or delay in transmission or delivery of any draft, notice or other
communication under or relating to any Letter of Credit (including any document required to make a drawing thereunder), any error in interpretation
of technical terms or any consequence arising from causes beyond the control of the L/C&nbsp;Issuer; <I>provided</I> that the foregoing
shall not be construed to excuse the L/C&nbsp;Issuer from liability to the Borrower to the extent of any direct damages (as opposed to
consequential damages, claims in respect of which are hereby waived by the Borrower and each other Loan Party to the extent permitted
by Applicable Law) suffered by the Borrower or any Loan Party that are caused by the L/C&nbsp;Issuer&rsquo;s failure to exercise care
when determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof. The parties hereto
expressly agree that, in the absence of gross negligence, bad faith or willful misconduct on the part of the L/C&nbsp;Issuer (as determined
by a court of competent jurisdiction by final and nonappealable judgment), the L/C&nbsp;Issuer shall be deemed to have exercised care
in each such determination. In furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with
respect to documents presented which appear on their face to be in substantial compliance with the terms of a Letter of Credit, the L/C&nbsp;Issuer
may, in its sole discretion, either accept and make payment upon such documents without responsibility for further investigation, regardless
of any notice or information to the contrary, or refuse to accept and make payment upon such documents if such documents are not in strict
compliance with the terms of such Letter of Credit.</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>The Participating Interests.</I> Each Lender (other than
the Lender acting as L/C&nbsp;Issuer in issuing the relevant Letter of Credit), by its acceptance hereof, severally agrees to purchase
from the L/C&nbsp;Issuer, and the L/C&nbsp;Issuer hereby agrees to sell to each such Lender (a <I>&ldquo;Participating Lender&rdquo;</I>),
an undivided percentage participating interest (a <I>&ldquo;Participating Interest&rdquo;)</I>, to the extent of its Percentage, in each
Letter of Credit issued by, and each Reimbursement Obligation owed to, the L/C&nbsp;Issuer. Upon any failure by the Borrower to pay any
Reimbursement Obligation at the time required on the date the related drawing is to be paid, as set forth in Section&nbsp;2.2(c) above,
or if the L/C&nbsp;Issuer is required at any time to return to the Borrower or to a trustee, receiver, liquidator, custodian or other
Person any portion of any payment of any Reimbursement Obligation, each</P>

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<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify; text-indent: 0pt">Participating Lender shall, not later than the Business Day it
receives a certificate in the form of Exhibit&nbsp;A hereto from the L/C&nbsp;Issuer (with a copy to the Administrative Agent) to such
effect, if such certificate is received before 1:00&nbsp;p.m. (Chicago time), or not later than 1:00&nbsp;p.m. (Chicago time) the following
Business Day, if such certificate is received after such time, pay to the Administrative Agent for the account of the L/C&nbsp;Issuer
an amount equal to such Participating Lender&rsquo;s Percentage of such unpaid or recaptured Reimbursement Obligation together with interest
on such amount accrued from the date the related payment was made by the L/C&nbsp;Issuer to the date of such payment by such Participating
Lender at a rate per annum equal to: (i)&nbsp;from the date the related payment was made by the L/C&nbsp;Issuer to the date two (2)&nbsp;Business
Days after payment by such Participating Lender is due hereunder, at the greater of the Federal Funds Rate and a rate determined by the
Administrative Agent in accordance with banking industry rules on interbank compensation for each such day and (ii)&nbsp;from the date
two (2)&nbsp;Business Days after the date such payment is due from such Participating Lender to the date such payment is made by such
Participating Lender, the Base Rate in effect for each such day. Each such Participating Lender shall thereafter be entitled to receive
its Percentage of each payment received in respect of the relevant Reimbursement Obligation and of interest paid thereon, with the L/C&nbsp;Issuer
retaining its Percentage thereof as a Lender hereunder. The several obligations of the Participating Lenders to the L/C&nbsp;Issuer under
this Section shall be absolute, irrevocable, and unconditional under any and all circumstances whatsoever and shall not be subject to
any set-off, counterclaim or defense to payment which any Participating Lender may have or have had against the Borrower, the L/C&nbsp;Issuer,
the Administrative Agent, any Lender or any other Person whatsoever. Without limiting the generality of the foregoing, such obligations
shall not be affected by any Default or by any reduction or termination of any Commitment of any Lender, and each payment by a Participating
Lender under this Section shall be made without any offset, abatement, withholding or reduction whatsoever.</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Indemnification.</I> The Participating Lenders shall, to
the extent of their respective Percentages, indemnify the L/C&nbsp;Issuer (to the extent not reimbursed by the Borrower) against any cost,
expense (including reasonable counsel fees and disbursements), claim, demand, action, loss or liability (except such as result from such
L/C&nbsp;Issuer&rsquo;s gross negligence, bad faith or willful misconduct as determined by a court of competent jurisdiction by final
and nonappealable judgment) that the L/C&nbsp;Issuer may suffer or incur in connection with any Letter of Credit issued by it. The obligations
of the Participating Lenders under this subsection&nbsp;(f) and all other parts of this Section shall survive termination of this Agreement
and of all Applications, Letters of Credit, and all drafts and other documents presented in connection with drawings thereunder.</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Manner of Requesting a Letter of Credit.</I> The Borrower
shall provide at least five (5)&nbsp;Business Days&rsquo; advance written notice to the Administrative Agent of each request for the issuance
of a Letter of Credit, such notice in each case to be accompanied by an Application for such Letter of Credit properly completed and executed
by the Borrower and, in the case of an extension or amendment or an increase in the amount of a Letter of Credit, a written request therefor,
in a form reasonably acceptable to the Administrative Agent and the L/C&nbsp;Issuer, in each case, together with the fees called for by
this Agreement, to the extent then payable. The Administrative Agent shall promptly notify the L/C&nbsp;Issuer of the Administrative Agent&rsquo;s
receipt of each such notice (and the L/C&nbsp;Issuer shall be entitled to assume that the conditions precedent to any such issuance, extension,
amendment or increase have been satisfied unless notified to the contrary by the Administrative Agent or the Required Lenders) and the
L/C&nbsp;Issuer shall promptly notify the Administrative Agent and the Lenders of the issuance of the Letter of Credit so requested.</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Replacement of the L/C&nbsp;Issuer</I>. The L/C&nbsp;Issuer
may be replaced at any time by written agreement among the Borrower, the Administrative Agent, the replaced L/C&nbsp;Issuer, and the successor
L/C&nbsp;Issuer. The Administrative Agent shall notify the Lenders of any such replacement of the L/C&nbsp;Issuer. At the time any such
replacement shall become effective, the Borrower shall pay all unpaid fees accrued for the account of the replaced L/C&nbsp;Issuer. From
and after the effective date of any such replacement (i)&nbsp;the successor L/C&nbsp;Issuer shall have all the rights and obligations
of the L/C&nbsp;Issuer under this Agreement with respect to Letters of Credit to be issued thereafter and (ii)&nbsp;references herein
to the term &ldquo;L/C&nbsp;Issuer&rdquo; shall be deemed to refer to such successor or to any previous L/C&nbsp;Issuer, or to such successor
and all previous L/C&nbsp;Issuers, as the context shall require. After the replacement of an L/C&nbsp;Issuer hereunder, the replaced L/C&nbsp;Issuer
shall remain a party hereto and shall continue to have all the rights and obligations of an L/C&nbsp;Issuer under this Agreement with
respect to Letters of Credit issued by it prior to such replacement, but shall not be required to issue additional Letters of Credit.</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;2.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Applicable Interest Rates</I></P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Base Rate Loans.</I> Each Base Rate Loan made or maintained
by a Lender shall bear interest computed on the basis of a year of 365 or 366&nbsp;days, as the case may be (360 days, in the case of
clause&nbsp;(c) of the definition of Base Rate relating to Term SOFR), and the actual days elapsed on the unpaid principal amount thereof
from the date such Loan is advanced, or created by conversion from a SOFR Loan, until maturity (whether by acceleration or otherwise)
at a rate per annum equal to the sum of the Applicable Margin <I>plus</I> the Base Rate from time to time in effect, payable by the Borrower
on each Interest Payment Date and at maturity (whether by acceleration or otherwise).</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>SOFR Loans.</I> Each SOFR Loan made or maintained by a Lender
shall bear interest during each Interest Period it is outstanding (computed on the basis of a year of 360&nbsp;days and actual days elapsed)
on the unpaid principal amount thereof from the date such Loan is advanced or continued, or created by conversion from a Base Rate Loan,
until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Applicable Margin <I>plus</I> Term SOFR
applicable to such Interest Period, payable by the Borrower on each Interest Payment Date and at maturity (whether by acceleration or
otherwise).</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Rate Determinations. </I> The Administrative Agent shall
determine each interest rate applicable to the Loans and the Reimbursement Obligations hereunder, and its determination thereof shall
be conclusive and binding except in the case of manifest error. In connection with the use or administration of Term SOFR, the Administrative
Agent will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any
other Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of
any other party to this Agreement or any other Loan Document. The Administrative Agent will promptly notify the Borrower and the Lenders
of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;2.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Minimum Borrowing Amounts; Maximum SOFR Loans</I>
Each Borrowing of Base Rate Loans advanced hereunder shall
be in an amount not less than $500,000 (or such greater amount which is an integral multiple of $100,000). Each Borrowing of SOFR Loans
advanced, continued or converted hereunder shall be in an amount equal to $500,000 or such greater amount which is an integral multiple
of $100,000. Without the Administrative Agent&rsquo;s consent, there shall not be more than eight&nbsp;(8) Borrowings of SOFR Loans outstanding
hereunder at any one time.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;2.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manner of Borrowing Loans and Designating Applicable
Interest Rates</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Notice to the Administrative Agent.</I> The Borrower shall
give notice to the Administrative Agent by no later than 10:00&nbsp;a.m. (Chicago time): (i)&nbsp;at least three (3)&nbsp;Business Days
before the date on which the Borrower requests the Lenders to advance a Borrowing of SOFR Loans and (ii)&nbsp;on the date the Borrower
requests the Lenders to advance a Borrowing of Base Rate Loans. The Loans included in each Borrowing shall bear interest initially at
the type of rate specified in such notice of a new Borrowing. Thereafter, subject to the terms and conditions hereof, the Borrower may
from time to time elect to change or continue the type of interest rate borne by each Borrowing or, subject to the minimum amount requirement
for each outstanding Borrowing set forth in Section&nbsp;2.4, a portion thereof, as follows: (i)&nbsp;if such Borrowing is of SOFR Loans,
on the last day of the Interest Period applicable thereto, the Borrower may continue part or all of such Borrowing as SOFR Loans or convert
part or all of such Borrowing into Base Rate Loans or (ii)&nbsp;if such Borrowing is of Base Rate Loans, on any Business Day, the Borrower
may convert all or part of such Borrowing into SOFR Loans for an Interest Period or Interest Periods specified by the Borrower. The Borrower
shall give all such notices requesting the advance, continuation or conversion of a Borrowing to the Administrative Agent by telephone,
telecopy, or other telecommunication device acceptable to the Administrative Agent (which notice shall be irrevocable once given and,
if by telephone, shall be promptly confirmed in writing in a manner acceptable to the Administrative Agent), substantially in the form
attached hereto as Exhibit&nbsp;B (Notice of Borrowing) or Exhibit&nbsp;C (Notice of Continuation/Conversion), as applicable, or in such
other form reasonably acceptable to the Administrative Agent. Notice of the continuation of a Borrowing of SOFR Loans for an additional
Interest Period or of the conversion of part or all of a Borrowing of Base Rate Loans into SOFR Loans must be given by no later than 10:00&nbsp;a.m.
(Chicago time) at least three (3)&nbsp;Business Days before the date of the requested continuation or conversion. All such notices concerning
the advance, continuation or conversion of a Borrowing shall specify the date of the requested advance, continuation or conversion of
a Borrowing (which shall be a Business Day), the amount of the requested Borrowing to be advanced, continued or converted, the type of
Loans to comprise such new, continued or converted Borrowing and, if such Borrowing is to be comprised of SOFR Loans, the Interest Period
applicable thereto. Upon notice to the Borrower by the Administrative Agent or the Required Lenders (or, in the case of an Event of Default
under Section&nbsp;9.1(j) or 9.1(k) with respect to the Borrower, without notice), no Borrowing of SOFR Loans shall be advanced, continued,
or created by conversion if any Default then exists. The Borrower agree that the Administrative Agent may rely on any such telephonic,
telecopy or other telecommunication notice given by any Person the Administrative Agent in good faith believes is an Authorized Representative
without the necessity of independent investigation, and in the event any such notice by telephone conflicts with any written confirmation
such telephonic notice shall govern if the Administrative Agent has acted in reliance thereon.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Notice to the Lenders</I>. The Administrative Agent shall
give prompt telephonic, telecopy or other telecommunication notice to each Lender of any notice from the Borrower received pursuant to
Section&nbsp;2.5(a) above and the amount of such Lender&rsquo;s Loan to be made as part of the requested Borrowing.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Borrower&rsquo;s Failure to Notify. </I>If the Borrower fails
to give notice pursuant to Section&nbsp;2.5(a) above of the continuation or conversion of any outstanding principal amount of a Borrowing
of SOFR Loans prior to the last day of its then current Interest Period within the period required by Section&nbsp;2.5(a) and such Borrowing
is not prepaid in accordance with Section&nbsp;2.7(a), such Borrowing shall automatically be converted to a Base Rate Loan. In the event
the Borrower fails to give notice pursuant to Section&nbsp;2.5(a) above of a Borrowing equal to the amount of a Reimbursement Obligation
and has not notified the Administrative Agent by 12:00&nbsp;noon (Chicago time) on the day such Reimbursement Obligation becomes due that
it intends to repay such Reimbursement Obligation through funds not borrowed under this Agreement, the Borrower shall be deemed to have
requested a Borrowing of Base Rate Loans under the Revolving Facility (or, at the option of the Swingline Lender, under the Swingline)
on such day in the amount of the Reimbursement Obligation then due, which Borrowing shall be applied to pay the Reimbursement Obligation
then due.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Disbursement of Loans</I>. Not
later than 1:00&nbsp;p.m. (Chicago time) on the date of any requested advance of a new Borrowing, subject to Section&nbsp;7, each Lender
shall make available its Loan comprising part of such Borrowing in funds immediately available at the principal office of the Administrative
Agent in Chicago, Illinois (or at such other location as the Administrative Agent shall designate). The Administrative Agent shall make
the proceeds of each new Borrowing available to the Borrower at the Administrative Agent&rsquo;s principal office in Chicago, Illinois
(or at such other location as the Administrative Agent shall designate), by depositing or wire transferring such proceeds to the credit
of the Borrower&rsquo;s Designated Disbursement Account or as the Borrower and the Administrative Agent may otherwise agree.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Administrative Agent Reliance on Lender Funding.</I> Unless
the Administrative Agent shall have been notified by a Lender prior to (or, in the case of a Borrowing of Base Rate Loans, by 1:00&nbsp;p.m.
(Chicago time) on) the date on which such Lender is scheduled to make payment to the Administrative Agent of the proceeds of a Loan (which
notice shall be effective upon receipt) that such Lender does not intend to make such payment, the Administrative Agent may assume that
such Lender has made such payment when due and the Administrative Agent may in reliance upon such assumption (but shall not be required
to) make available to the Borrower the proceeds of the Loan to be made by such Lender and, if any Lender has not in fact made such payment
to the Administrative Agent, such Lender shall, on demand, pay to the Administrative Agent the amount made available to the Borrower attributable
to such Lender together with interest thereon in respect of each day during the period commencing on the date such amount was made available
to the Borrower and ending on (but excluding) the date such Lender pays such amount to the Administrative Agent at a rate per annum equal
to: (i)&nbsp;from the date the related advance was made by the Administrative Agent to the date two (2)&nbsp;Business Days after payment
by such Lender is due hereunder, the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance
with banking industry rules on interbank compensation for each such day and (ii)&nbsp;from the date two (2)&nbsp;Business Days after the
date such payment is due from such Lender to the date such payment is made by such Lender, the Base Rate in effect for each such day.
If such amount is not received from such Lender by the Administrative Agent immediately upon demand, the Borrower will, on demand, repay
to the Administrative Agent the proceeds of the Loan attributable to such Lender with interest thereon at a rate per annum equal to the
interest rate applicable to the relevant Loan, but without such payment being considered a payment or prepayment of a Loan under Section&nbsp;4.5
so that the Borrower will have no liability under such Section with respect to such payment. Any payment by the Borrower shall be without
prejudice to any claim the Borrower may have against a Lender that shall have failed to make such payment to the Administrative Agent.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;2.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maturity of Loans. </I> Each Loan, both for
principal and interest not sooner paid, shall mature and be due and payable by the Borrower on the Termination Date.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;2.7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepayments.</I></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I></I>(a)<I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Optional</I>. The Borrower may prepay in whole or
in part (but, if in part, then: (i)&nbsp;if such Borrowing is of Base Rate Loans, in an amount not less than $500,000 and (ii)&nbsp;if
such Borrowing is of SOFR Loans, in an amount not less than $500,000), without premium or penalty, but subject to amounts, if any, due
to the Lenders under Section 4.5, (x) upon not less than three (3) Business Days&rsquo; prior written notice by the Borrower to the Administrative
Agent in the case of any prepayment of a Borrowing of SOFR Loans and (y) upon notice by the Borrower to the Administrative Agent no later
than 10:00&nbsp;a.m. (Chicago time) on the date of prepayment in the case of a Borrowing of Base Rate Loans (or, in any case, such shorter
period of time then agreed to by the Administrative Agent), such prepayment to be made by the payment of the principal amount to be prepaid
and, in the case of any SOFR Loans or Swingline Loans, accrued interest thereon to the date fixed for prepayment plus any amounts, if
any, due the Lenders under Section&nbsp;4.5.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Mandatory</I>.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; font-size: 10pt; text-align: justify; text-indent: 0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrower shall, on each date
the Commitments are reduced pursuant to Section&nbsp;2.10, prepay the Swingline Loans, Revolving Loans, and, if necessary, prefund the
L/C Obligations by the amount, if any, necessary to reduce the sum of the aggregate principal amount of Swingline Loans, Revolving Loans,
and L/C&nbsp;Obligations then outstanding to the amount to which the Commitments have been so reduced.</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; font-size: 10pt; text-align: justify; text-indent: 0.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If at any time the Revolving Credit
Exposure exceeds the aggregate Commitments then in effect, the Borrower shall immediately and without notice or demand pay the amount
of such excess to the Administrative Agent for the account of the Lenders.</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; font-size: 10pt; text-align: justify; text-indent: 0.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unless the Borrower otherwise
directs, prepayments of Loans under this Section&nbsp;2.7(b) shall be applied first to Borrowings of Base Rate Loans until payment in
full thereof with any balance applied to Borrowings of SOFR Loans in the order in which their Interest Periods expire. Each prepayment
of Loans under this Section 2.7(b) shall be made by the payment of the principal amount to be prepaid and, in the case of any SOFR Loans
or Swingline Loans, accrued interest thereon to the date of prepayment together with any amounts due, if any, to the Lenders under Section&nbsp;4.5.
Each prefunding of L/C Obligations shall be made in accordance with Section 9.4.&#9;</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify; text-indent: -0.5in">&nbsp;</P>

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<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Borrowings.</I> Any amount of Swingline Loans and Revolving
Loans paid or prepaid before the Termination Date may, subject to the terms and conditions of this Agreement, be borrowed, repaid and
borrowed again.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;2.8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Default Rate</I>  Notwithstanding anything to the contrary contained herein, while any Payment Default exists or after acceleration, the
Borrower shall pay interest (after as well as before entry of judgment thereon to the extent permitted by law) on the principal amount
of all Loans and Reimbursement Obligations, letter of credit fees and other amounts at a rate per annum equal to:</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 0.5in; font-size: 10pt; text-align: justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;for any Base Rate Loan or any Swingline Loan bearing
interest based on the Base Rate, the sum of 2.0% <I>plus </I>the Applicable Margin <I>plus </I>the Base Rate from time to time in effect;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 0.5in; font-size: 10pt; text-align: justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;for any SOFR Loan or any Swingline Loan bearing interest
at the Swingline Lender&rsquo;s Quoted Rate, the sum of 2.0% <I>plus </I>the rate of interest in effect thereon at the time of such Payment
Default or acceleration until the end of the Interest Period applicable thereto and, thereafter, at a rate per annum equal to the sum
of 2.0% <I>plus </I>the Applicable Margin for Base Rate Loans <I>plus </I>the Base Rate from time to time in effect;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 0.5in; font-size: 10pt; text-align: justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;for any Reimbursement Obligation, the sum of 2.0%
<I>plus </I>the amounts due under Section&nbsp;2.2 with respect to such Reimbursement Obligation;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 0.5in; font-size: 10pt; text-align: justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;for the undrawn amount of any Letter of Credit, the
sum of 2.0% <I>plus </I>the L/C Participation Fee due under Section 3.1(b) with respect to such Letter of Credit; and</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 0.5in; font-size: 10pt; text-align: justify">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;for any other amount owing hereunder not covered by
clauses (a) through (d) above, the sum of 2.0% <I>plus</I> the Applicable Margin <I>plus</I> the Base Rate from time to time in effect;</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><I>provided, however, </I>that in the absence of acceleration pursuant
to Section&nbsp;9.2 or 9.3, any adjustments pursuant to this Section shall be made at the election of the Administrative Agent, acting
at the request or with the consent of the Required Lenders, with written notice to the Borrower (which election may be retroactively effective
to the date of such Payment Default). While any Payment Default exists or after acceleration, interest shall be paid on demand of the
Administrative Agent at the request or with the consent of the Required Lenders.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;2.9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Evidence
of Indebtedness</I> (a)&nbsp;Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness
of the Borrower to such Lender resulting from each Loan made by such Lender 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="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Administrative Agent shall also maintain accounts in which
it will record (i)&nbsp;the amount of each Loan made hereunder, the type thereof and the Interest Period with respect thereto, (ii)&nbsp;the
amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and (iii)&nbsp;the
amount of any sum received by the Administrative Agent hereunder from the Borrower and each Lender&rsquo;s share thereof.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The entries maintained in the accounts maintained pursuant to
subsections&nbsp;(a) and (b) above shall be <I>prima facie</I> evidence of the existence and amounts of the Obligations therein recorded;
<I>provided, however, </I>that the failure of the Administrative Agent or any Lender to maintain such accounts or any error therein shall
not in any manner affect the obligation of the Borrower to repay the Obligations in accordance with their terms.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any Lender may request that its Loans be evidenced by a promissory
note or notes in the forms of Exhibit D-1 (in the case of its Revolving Loans and referred to herein as a <I>&ldquo;Revolving Note&rdquo;</I>),
or D-2 (in the case of its Swingline Loans and referred to herein as a <I>&ldquo;Swing Note&rdquo;</I>), as applicable (the Revolving
Notes and Swing Notes being hereinafter referred to collectively as the <I>&ldquo;Notes&rdquo;</I> and individually as, a <I>&ldquo;Note&rdquo;</I>).
In such event, the Borrower shall prepare, execute and deliver to such Lender a Note payable to such Lender or its registered assigns
in the amount of the relevant Commitment or Swingline Sublimit, as applicable. Thereafter, the Loans evidenced by such Note or Notes and
interest thereon shall at all times (including after any assignment pursuant to Section&nbsp;13.2) be represented by one or more Notes
payable to the order of the payee named therein or any assignee pursuant to Section&nbsp;13.2, except to the extent that any such Lender
or assignee subsequently returns any such Note for cancellation and requests that such Loans once again be evidenced as described in subsections&nbsp;(a)
and (b) above.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;2.10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commitment Terminations</I>  The Borrower shall have the right at any time and from time to time, upon three (3)&nbsp;Business
Days&rsquo; prior written notice to the Administrative Agent (or such shorter period of time agreed to by the Administrative Agent), to
terminate the Commitments without premium or penalty and in whole or in part, any partial termination to be (i)&nbsp;in an amount not
less than $5,000,000 and (ii)&nbsp;allocated ratably among the Lenders in proportion to their respective Percentages, <I>provided</I>
that the Commitments may not be reduced to an amount less than the sum of the aggregate principal amount of Swingline Loans, Revolving
Loans, and L/C&nbsp;Obligations then outstanding. Any termination of the Commitments below the L/C&nbsp;Sublimit or the Swingline Sublimit
then in effect shall reduce the L/C&nbsp;Sublimit and Swingline Sublimit, as applicable, by a like amount. The Administrative Agent shall
give prompt notice to each Lender of any such termination of the Commitments.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;2.11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Replacement of Lenders</I>. If any Lender requests compensation under Section&nbsp;4.4, or if the Borrower is required to
pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to
Section&nbsp;4.1 and, in each case, such Lender has declined or is unable to designate a different lending office in accordance with Section&nbsp;4.7,
or if any Lender is a Defaulting Lender or a Non-Consenting Lender, then the Borrower may, at its sole expense and effort, upon notice
to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject
to the restrictions contained in, and consents required by, Section&nbsp;13.2), all of its interests, rights (other than its existing
rights to payments pursuant to Section&nbsp;4.1 or Section&nbsp;4.4) and obligations under this Agreement and the related Loan Documents
to an Eligible Assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment);
<I>provided </I>that:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 0.5in; font-size: 10pt; text-align: justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Borrower shall have paid to the Administrative
Agent the assignment fee (if any) specified in Section&nbsp;13.2;</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 0.5in; font-size: 10pt; text-align: justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;such Lender shall have received payment of an amount
equal to the outstanding principal of its Loans and funded 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 Section<B>&nbsp;</B>4.5 as if
the Loans owing to it were prepaid rather than assigned) from the assignee (to the extent of such outstanding principal and accrued interest
and fees) or the Borrower (in the case of all other amounts);</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 0.5in; font-size: 10pt; text-align: justify">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;in the case of any such assignment resulting from
a claim for compensation under Section&nbsp;4.4 or payments required to be made pursuant to Section&nbsp;4.1, such assignment will result
in a reduction in such compensation or payments thereafter;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 0.5in; font-size: 10pt; text-align: justify">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;such assignment does not conflict with Applicable
Law; and</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 0.5in; font-size: 10pt; text-align: justify">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;in the case of any assignment resulting from a Lender
becoming a Non-Consenting Lender, the applicable assignee shall have consented to the applicable amendment, waiver or consent.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">A Lender shall not be required to make any such assignment
or delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to require
such assignment and delegation cease to apply. Each Lender agrees that if the Borrower exercises its option hereunder to cause an assignment
by such Lender as a Lender that requests compensation under Section 4.4, or if the Borrower is required to pay any Indemnified Taxes or
additional amounts to such Lender or any Governmental Authority for the account of such Lender pursuant to Section 4.1, or as a Non-Consenting
Lender or Defaulting Lender, such Lender shall, promptly after receipt of written notice of such election, execute and deliver all documentation
necessary to effect such assignment in accordance with Section 13.2. In the event that a Lender does not comply with the requirements
of the immediately preceding sentence within one Business Day after receipt of such notice, each Lender hereby authorizes and directs
the Administrative Agent to execute and deliver such documentation as may be required to give effect to an assignment in accordance with
Section 13.2 on behalf of such Lender and any such documentation so executed by the Administrative Agent shall be effective for purposes
of documenting an assignment pursuant to Section 13.2.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;2.12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Defaulting Lenders</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Defaulting Lender Adjustments.</I> Notwithstanding
anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then, until such time as such Lender
is no longer a Defaulting Lender, to the extent permitted by Applicable Law:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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

<P STYLE="margin: 0pt 0pt 0pt 0.5in; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; font-size: 10pt; text-align: justify; text-indent: 0.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Defaulting Lender Waterfall</I>. Any payment of
principal, interest, fees or other amounts received by the Administrative Agent for the account of such Defaulting Lender (whether voluntary
or mandatory, at maturity, pursuant to Section&nbsp;9 or otherwise) or received by the Administrative Agent from a Defaulting Lender pursuant
to Section&nbsp;13.6 hereto shall be applied at such time or times as may be determined by the Administrative Agent as follows: <I>first</I>,
to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder; <I>second</I>, to the payment on
a pro rata basis of any amounts owing by such Defaulting Lender to any L/C Issuer or the Swingline Lender hereunder; <I>third</I>, to
Cash Collateralize the L/C Issuer&rsquo;s Fronting Exposure with respect to such Defaulting Lender in accordance with Section&nbsp;2.13;
<I>fourth</I>, as the Borrower may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of
which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative
Agent; <I>fifth</I>, if so determined by the Administrative Agent and the Borrower, to be held in a deposit account and released pro rata
in order to (x)&nbsp;satisfy such Defaulting Lender&rsquo;s potential future funding obligations with respect to Loans under this Agreement
and (y)&nbsp;Cash Collateralize the L/C Issuer&rsquo;s future Fronting Exposure with respect to such Defaulting Lender with respect to
future Letters of Credit issued under this Agreement, in accordance with Section&nbsp;2.13; <I>sixth</I>, to the payment of any amounts
owing to the Lenders, the L/C Issuer or the Swingline Lender as a result of any judgment of a court of competent jurisdiction obtained
by any Lender, the L/C Issuer or the Swingline Lender against such Defaulting Lender as a result of such Defaulting Lender&rsquo;s breach
of its obligations under this Agreement; <I>seventh</I>, so long as no Default or Event of Default exists, to the payment of any amounts
owing to the Borrower as a result of any judgment of a court of competent jurisdiction obtained by the Borrower against such Defaulting
Lender as a result of such Defaulting Lender&rsquo;s breach of its obligations under this Agreement; and <I>eighth</I>, to such Defaulting
Lender or as otherwise directed by a court of competent jurisdiction; <I>provided</I> that if (x) such payment is a payment of the principal
amount of any Loans or L/C Obligations in respect of which such Defaulting Lender has not fully funded its appropriate share, and (y)
such Loans were made or the related Letters of Credit were issued at a time when the conditions set forth in Section&nbsp;7.1 were satisfied
or waived, such payment shall be applied solely to pay the Loans of, and L/C Obligations owed to, all Non-Defaulting Lenders on a pro
rata basis prior to being applied to the payment of any Loans of, or L/C Obligations owed to, such Defaulting Lender until such time as
all Loans and funded and unfunded participations in L/C Obligations and Swingline Loans are held by the Lenders pro rata in accordance
with their Percentages of the relevant Commitments without giving effect to Section&nbsp;2.12(a)(iv) below. Any payments, prepayments
or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post
Cash Collateral pursuant to this Section&nbsp;2.12(a)(ii) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender
irrevocably consents hereto.</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="margin: 0pt 0pt 0pt 0.5in; font-size: 10pt; text-align: justify; text-indent: 0.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Certain Fees</I>.</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 1in; font-size: 10pt; text-align: justify; text-indent: 0.4in">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No Defaulting Lender shall be entitled to receive any
commitment fee for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such
fee that otherwise would have been required to have been paid to that Defaulting Lender).</P>

<P STYLE="margin: 0pt 0pt 0pt 1in; font-size: 10pt; text-align: justify; text-indent: 0.4in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 1in; font-size: 10pt; text-align: justify; text-indent: 0.4in">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 Percentage of
the stated amount of Letters of Credit for which it has provided Cash Collateral pursuant to Section&nbsp;2.13.</P>

<P STYLE="margin: 0pt 0 0pt 1in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 1in; font-size: 10pt; text-align: justify; text-indent: 0.4in">(C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With respect to any L/C Participation Fee not required
to be paid to any Defaulting Lender pursuant to clause&nbsp;(B) above, the Borrower shall (x)&nbsp;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&nbsp;Obligations
or Swingline Loans that has been reallocated to such Non-Defaulting Lender pursuant to clause&nbsp;(iv) below, (y) pay to each L/C Issuer
and Swingline Lender, as applicable, the amount of any such fee otherwise payable to such Defaulting Lender to the extent allocable to
such L/C Issuer&rsquo;s or 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="margin: 0pt 0 0pt 1in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; font-size: 10pt; text-align: justify; text-indent: 0.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Reallocation of Participations to Reduce Fronting
Exposure</I>. All or any part of such Defaulting Lender&rsquo;s participation in L/C Obligations and Swingline Loans shall be reallocated
among the Non-Defaulting Lenders in accordance with their respective Percentages (calculated without regard to such Defaulting Lender&rsquo;s
Commitment) but only to the extent that&nbsp;such reallocation does not cause the aggregate Revolving Loans and interests in L/C Obligations
and Swingline Loans of any Non-Defaulting Lender to exceed such Non-Defaulting Lender&rsquo;s Commitment. Subject to Section 13.21, 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>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; font-size: 10pt; text-align: justify; text-indent: 0.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Cash Collateral; Repayment of Swingline Loans</I>.
If the reallocation described in clause (iv) above cannot, or can only partially, be effected, the Borrower shall, without prejudice to
any right or remedy available to it hereunder or under law, (x) first, prepay Swingline Loans in an amount equal to the Swingline Lender&rsquo;s
Fronting Exposure and (y) second, Cash Collateralize the L/C Issuer&rsquo;s Fronting Exposure in accordance with the procedures set forth
in Section&nbsp;2.13.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Defaulting Lender Cure</I>. If the Borrower, the Administrative
Agent, the Swingline Lender and each L/C 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 their respective Percentages (without giving effect to Section&nbsp;2.12(a)(iv)), whereupon such Lender will
cease to be a Defaulting Lender; <I>provided</I> that no adjustments will be made retroactively with respect to fees accrued or payments
made by or on behalf of the Borrower while that Lender was a Defaulting Lender; and <I>provided</I>, <I>further</I>, 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="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>New Swingline Loans/Letters of Credit</I>. So long as any
Lender is a Defaulting Lender, (i)&nbsp;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)&nbsp;no L/C 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="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;2.13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash Collateral for Fronting Exposure.</I>
At any time that there shall exist a Defaulting Lender, within one&nbsp;(1) Business Day following the written request of the Administrative
Agent or any L/C Issuer (with a copy to the Administrative Agent) the Borrower shall Cash Collateralize the L/C Issuers&rsquo; Fronting
Exposure with respect to such Defaulting Lender (determined after giving effect to Section 2.12(a)(iv) and any Cash Collateral provided
by such Defaulting Lender) in an amount not less than the Minimum Collateral Amount.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Grant of Security Interest</I>. The Borrower, and to the
extent provided by any Defaulting Lender, such Defaulting Lender, hereby grant to the Administrative Agent, for the benefit of the L/C
Issuers, and agree to maintain, a first priority security interest in all such Cash Collateral as security for such Defaulting Lender&rsquo;s
obligation to fund participations in respect of L/C Obligations, to be applied pursuant to clause&nbsp;(b) below. If at any time the Administrative
Agent determines that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent and the L/C Issuers
as herein provided, or that the total amount of such Cash Collateral is less than the Minimum Collateral Amount, the Borrower shall, promptly
upon demand by the Administrative Agent, pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient
to eliminate such deficiency (after giving effect to any Cash Collateral provided by the Defaulting Lender).</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Application</I>. Notwithstanding anything to the contrary
contained in this Agreement, Cash Collateral provided under this Section&nbsp;2.13 or Section&nbsp;2.12 in respect of Letters of Credit
shall be applied to the satisfaction of the Defaulting Lender&rsquo;s obligation to fund participations in respect of L/C Obligations
(including, as to Cash Collateral provided by a Defaulting Lender, any interest accrued on such obligation) for which the Cash Collateral
was so provided, prior to any other application of such property as may otherwise be provided for herein.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Termination of Requirement</I>. Cash Collateral (or the appropriate
portion thereof) provided to reduce any L/C Issuer&rsquo;s Fronting Exposure shall no longer be required to be held as Cash Collateral
pursuant to this Section&nbsp;2.13 following (A)&nbsp;the elimination of the applicable Fronting Exposure (including by the termination
of Defaulting Lender status of the applicable Lender), or (B)&nbsp;the determination by the Administrative Agent and each L/C Issuer that
there exists excess Cash Collateral; <I>provided</I> that, subject to Section&nbsp;2.12, the Person providing Cash Collateral and each
L/C Issuer may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section 2.14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Increase
in Commitments</I>. The Borrower may, on any Business Day after the Closing Date but prior to the Termination Date (without the consent
of the Administrative Agent or any Lender), increase the aggregate amount of the Commitments by delivering an Increase Request substantially
in the form attached hereto as Exhibit&nbsp;E (or in such other form reasonably acceptable to the Administrative Agent) to the Administrative
Agent at least five (5) Business Days prior to the desired effective date of such increase (each, an <I>&ldquo;Increase&rdquo;</I>) identifying
an additional Lender (or additional Commitment for an existing Lender) and the amount of its Commitment (or additional amount of its
Commitment); <I>provided, however</I>, that:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; font-size: 10pt; text-align: justify; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the aggregate amount of all such Increases shall not
exceed $300,000,000 and any such Increase shall be in an amount not less than $10,000,000 (or such lesser amount then agreed to by the
Administrative Agent);</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; font-size: 10pt; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;no Default or Event of Default shall have occurred
and be continuing at the time of the request or the effective date of the Increase;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; font-size: 10pt; text-align: justify; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Administrative Agent shall have received a Compliance
Certificate reasonably acceptable to the Administrative Agent evidencing <I>pro forma</I> compliance with the financial covenants set
forth in Section 8.15 after giving effect to such Increase; and</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; font-size: 10pt; text-align: justify; text-indent: 0.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;each of the representations and warranties set forth
herein and in the other Loan Documents shall be and remain true and correct in all material respects on the effective date of such Increase
(where not already qualified by materiality, otherwise in all respects), except to the extent the same expressly relate to an earlier
date, in which case they shall be true and correct in all material respects (where not already qualified by materiality, otherwise in
all respects) as of such earlier date.</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">The effective date of the Increase shall be agreed upon by the Borrower
and the Administrative Agent. Upon the effectiveness thereof, Schedule&nbsp;<FONT STYLE="font-variant: small-caps">2.1</FONT> shall be
deemed amended to reflect the Increase and the new Lender (or, if applicable, existing Lender) shall advance Loans in an amount sufficient
such that after giving effect to its Loans, each Lender shall have outstanding its Percentage of all Loans outstanding under the Commitments.
It shall be a condition to such effectiveness that if any SOFR Loans are outstanding on the date of such effectiveness, such SOFR Loans
shall be deemed to be prepaid on such date and the Borrower shall pay any amounts owing to the Lenders pursuant to Section&nbsp;4.5. The
Borrower agrees to pay the reasonable and documented out-of-pocket costs and expenses of the Administrative Agent (including reasonable
and documented attorneys' fees) relating to any Increase. Notwithstanding anything herein to the contrary, no Lender shall have any obligation
to increase its Commitment and no Lender&rsquo;s Commitment shall be increased without its consent thereto, and each Lender may at its
option, unconditionally and without cause, decline to increase its Commitment.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 8%; font-size: 10pt; font-variant: small-caps; text-align: left; text-indent: 0pt; padding-left: 0pt">Section&nbsp;3.</TD>
    <TD STYLE="width: 92%; font-size: 10pt; font-variant: small-caps; text-align: left">Fees.</TD></TR>
  </TABLE>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;3.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fees</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"><I>&nbsp;</I> </P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Commitment Fee</I>. The Borrower shall pay to the Administrative
Agent for the ratable account of the Lenders in accordance with their Percentages a commitment fee at the rate per annum equal to the
Applicable Margin (computed on the basis of a year of 360&nbsp;days and the actual number of days elapsed) times the daily amount by which
the aggregate Commitments exceeds the principal amount of Revolving Loans and L/C Obligations then outstanding. For the avoidance of doubt,
the principal amount of Swingline Loans shall not be counted towards or considered usage of the Commitments for purposes of this Section.
Such commitment fee shall be payable quarterly in arrears on the last day of each March, June, September, and December in each year (commencing
on the first such date occurring after the Closing Date) and on the Termination Date, unless the Commitments are terminated in whole on
an earlier date, in which event the commitment fee for the period to the date of such termination in whole shall be paid on the date of
such termination.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Letter of Credit Fees.</I> On the date of issuance or extension,
or increase in the amount, of any Letter of Credit pursuant to Section&nbsp;2.2, the Borrower shall pay to the L/C&nbsp;Issuer for its
own account a fronting fee equal to 0.125% of the face amount of (or of the increase in the face amount of) such Letter of Credit. Quarterly
in arrears, on the last day of each March, June, September, and December, commencing on the first such date occurring after the Closing
Date, the Borrower shall pay to the Administrative Agent, for the ratable benefit of the Lenders in accordance with their Percentages,
a letter of credit fee (the <I>&ldquo;L/C Participation Fee&rdquo;</I>) at a rate per annum equal to the Applicable Margin (computed on
the basis of a year of 360&nbsp;days and the actual number of days elapsed) in effect during each day of such quarter applied to the daily
average amount available for drawing under all Letters of Credit outstanding during such quarter; <I>provided, however, </I>that with
respect to the Existing L/Cs existing on the Closing Date, the first such calculation of such fees shall be on the daily average amount
available for drawing under all Existing L/Cs during the period from the Closing Date through the end of such calendar quarter. In addition,
the Borrower shall pay to the L/C&nbsp;Issuer, for its own account, the L/C&nbsp;Issuer&rsquo;s customary documentary and processing charges
in connection with the issuance, amendment, cancellation, negotiation, drawing under or transfer of any Letter of Credit.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Administrative Agent Fees</I>. The Borrower shall pay to
the Administrative Agent, for its own use and benefit, the fees agreed to among the Administrative Agent and the Borrower in a fee letter
dated May 1, 2025, or as otherwise agreed to in writing between them.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"></P>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 8%; font-size: 10pt; font-variant: small-caps; text-align: left; text-indent: 0pt; padding-left: 0pt">Section&nbsp;4.</TD>
    <TD STYLE="width: 92%; font-size: 10pt; font-variant: small-caps; text-align: left">Taxes; Change
in Circumstances, Increased Costs, and Funding Indemnity</TD></TR>
  </TABLE>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;4.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxes</I></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Certain Defined Terms. </I>For purposes of this Section,
the term &ldquo;Lender&rdquo; includes any L/C Issuer and the term &ldquo;Applicable Law&rdquo; includes FATCA.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Payments Free of Taxes. </I>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 in respect of such Indemnified Tax been made.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Payment of Other Taxes by the Borrower. </I>Without duplicating
any amounts payable pursuant to Section 4.1(b), the Borrower 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="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Indemnification by the Borrower. </I>Without duplicating
any amounts payable pursuant to Section 4.1(b) or Section 4.1(c), the Borrower shall indemnify each Recipient, within ten&nbsp;(10) days
after demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable
to amounts payable under this Section) payable or paid by such Recipient or required to be withheld or deducted from a payment to such
Recipient and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly
or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered
to the Borrower by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of
a Lender, shall be conclusive absent manifest error.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Indemnification by the Lenders. </I>Each Lender shall severally
indemnify the Administrative Agent, within ten&nbsp;(10) days after demand therefor, for (i)&nbsp;any Indemnified Taxes attributable to
such Lender (but only to the extent that the Borrower has not already indemnified the Administrative Agent for such Indemnified Taxes
and without limiting the obligation of the Borrower to do so), (ii)&nbsp;any Taxes attributable to such Lender&rsquo;s failure to comply
with the provisions of Section&nbsp;13.2(d) relating to the maintenance of a Participant Register and (iii) any Excluded Taxes attributable
to such Lender, in each case, that are payable or paid by the Administrative Agent in connection with any Loan Document, and any reasonable
expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant
Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent
shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to 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 subsection&nbsp;(e).</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Evidence of Payments. </I>As soon as practicable after any
payment of Taxes by the Borrower to a Governmental Authority pursuant to this Section, the Borrower shall deliver to the Administrative
Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return
reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Status of Lenders</I>.
(i)&nbsp;Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan
Document shall deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower or the
Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrower or the Administrative Agent
as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably
requested by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by Applicable Law or reasonably
requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or
not such Lender is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the
preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Section&nbsp;4.1(g)(ii)(A),
(ii)(B) and (ii)(D) 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="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Without limiting the generality of the foregoing,</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 0.5in; font-size: 10pt; text-align: justify">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any Lender that is a U.S. Person shall deliver to
the Borrower and the Administrative Agent on or prior to the date on which such Lender becomes a Lender under this Agreement (and from
time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), executed copies of IRS Form W-9 certifying
that such Lender is exempt from U.S. federal backup withholding tax;</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 0.5in; font-size: 10pt; text-align: justify">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any Foreign Lender shall, to the extent it is legally
entitled to do so, deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient)
on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the
reasonable request of the Borrower or the Administrative Agent), whichever of the following is applicable:</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 1in; text-indent: 0.5in; font-size: 10pt; text-align: justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;in the case of a Foreign Lender claiming the benefits
of an income tax treaty to which the United States is a party (x)&nbsp;with respect to payments of interest under any Loan Document, executed
copies of applicable IRS Forms W-8 (i.e., IRS Form W-8BEN or IRS Form W-8BEN-E) establishing an exemption from, or reduction of, U.S.
federal withholding Tax pursuant to the &ldquo;interest&rdquo; article of such tax treaty and (y)&nbsp;with respect to any other applicable
payments under any Loan Document, applicable IRS Forms W-8 (i.e., IRS Form W-8BEN or IRS Form W-8BEN-E) establishing an exemption from,
or reduction of, U.S. federal withholding Tax pursuant to the &ldquo;business profits&rdquo; or &ldquo;other income&rdquo; article of
such tax treaty;</P>

<P STYLE="margin: 0pt 0 0pt 1in; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt 0 0pt 1in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 1in; text-indent: 0.5in; font-size: 10pt; text-align: justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;executed copies of IRS Form W-8ECI;</P>

<P STYLE="margin: 0pt 0 0pt 1in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 1in; text-indent: 0.5in; font-size: 10pt; text-align: justify">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;in the case of a Foreign Lender or a foreign Participant
claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code, (x) a certificate substantially in the
form of Exhibit I-1 or Exhibit I-2, as applicable, to the effect that such Foreign Lender or foreign Participant is not a &ldquo;bank&rdquo;
within the meaning of Section 881(c)(3)(A) of the Code, a &ldquo;10 percent shareholder&rdquo; of the Borrower within the meaning of Section
881(c)(3)(B) of the Code, or a &ldquo;controlled foreign corporation&rdquo; related to the Borrower as described in Section&nbsp;881(c)(3)(C)
of the Code (a <I>&ldquo;U.S. Tax Compliance Certificate&rdquo;</I>) and (y)&nbsp;executed copies of applicable IRS Forms W-8 (i.e. IRS
Form W-8BEN or IRS Form W-8BEN-E); or</P>

<P STYLE="margin: 0pt 0 0pt 1in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 1in; text-indent: 0.5in; font-size: 10pt; text-align: justify">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to the extent a Foreign Lender or a foreign Participant
is not the beneficial owner, executed copies of IRS Form W-8IMY, accompanied by applicable IRS Forms W-8 (i.e. IRS From W-8BEN or IRS
Form&nbsp;W-8BEN-E), a U.S. Tax Compliance Certificate substantially in the form of Exhibit&nbsp;I-3 or Exhibit I-4 (as applicable), IRS
Form W-9, and/or other certification documents from each beneficial owner, as applicable; <I>provided </I>that if the Foreign Lender or
foreign Participant is a partnership and one or more direct or indirect partners of such Foreign Lender or foreign Participant are claiming
the portfolio interest exemption, such Foreign Lender or foreign Participant may provide a U.S.&nbsp;Tax Compliance Certificate substantially
in the form of Exhibit&nbsp;I-3 or Exhibit&nbsp;I-4 on behalf of each such direct and indirect partner;</P>

<P STYLE="margin: 0pt 0 0pt 1in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 0.5in; font-size: 10pt; text-align: justify">(C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any Foreign Lender shall, to the extent it is legally
entitled to do so, deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient)
on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the
reasonable request of the Borrower or the Administrative Agent), executed copies of any other form prescribed by Applicable Law as a basis
for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary documentation
as may be prescribed by Applicable Law to permit the Borrower or the Administrative Agent to determine the withholding or deduction required
to be made; and</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 0.5in; font-size: 10pt; text-align: justify">(D)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 the Borrower and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by
the Borrower or the Administrative Agent such documentation prescribed by Applicable Law (including as prescribed by Section&nbsp;1471(b)(3)(C)(i)
of the Code) and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for
the Borrower and the Administrative Agent to comply with their obligations under FATCA and to determine that such Lender has complied
with such Lender&rsquo;s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes
of this clause&nbsp;(D), <I>&ldquo;FATCA&rdquo; </I>shall include any amendments made to FATCA after the date of this Agreement.</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt 0pt 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">Each Lender agrees that if any form or certification
it previously delivered expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly
notify the Borrower and the Administrative Agent in writing of its legal inability to do so.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the
Administrative Agent is a U.S. Person, then it shall, on or prior to the Closing Date (or, in the case of a successor Administrative Agent,
on or before the date on which it becomes Administrative Agent, co-agent or sub-agent hereunder), provide the Borrower with a properly
completed and duly executed copy of IRS Form W-9 confirming that the Administrative Agent is exempt from U.S. federal backup withholding.
If the Administrative Agent is not a U.S. Person, then it shall, on or prior to the Closing Date (or, in the case of a successor Administrative
Agent, on or before the date on which it becomes the Administrative Agent, co-agent or sub-agent hereunder), provide the Borrower with,
(A) with respect to payments made to the Administrative Agent for its own account, a properly completed and duly executed IRS Form W-8ECI
(or other applicable IRS Form W-8), and (B) with respect to payments made to the Administrative Agent on behalf of any Lender, two properly
completed and executed copies of IRS Form W-8IMY (or any successor form) certifying that the Administrative Agent is either (1) a &ldquo;qualified
intermediary&rdquo; which has assumed primary withholding responsibility under Chapters 3 and 4 of the Code and primary Form 1099 reporting
and backup withholding responsibility, or (2) a U.S. branch providing such form as evidence of its agreement with the Borrower to be treated
as a &ldquo;U.S. person&rdquo; for U.S. federal withholding Tax purposes (as contemplated by Section 1.1441-1(b)(2)(iv)(A) of the United
States Treasury Regulations) and that the payments it receives for the account of such Lender are not effectively connected with the conduct
of its trade or business in the United States. If any form or certification the Administrative Agent previously delivered expires or becomes
obsolete or inaccurate in any respect, it will update such form or certification.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Treatment of Certain Refunds. </I>If any party determines,
in its sole discretion exercised in good faith, that it has received a refund of any Taxes as to which it has been indemnified pursuant
to this Section (including by the payment of additional amounts pursuant to this Section), it shall pay to the indemnifying party an amount
equal to such refund (but only to the extent of indemnity payments made under this Section with respect to the Taxes giving rise to such
refund), net of all out-of-pocket expenses (including Taxes) of such indemnified party and without interest (other than any interest paid
by the relevant Governmental Authority with respect to such refund). Such indemnifying party, upon the request of such indemnified party,
shall repay to such indemnified party the amount paid over pursuant to this subsection&nbsp;(h) (plus any penalties, interest or other
charges imposed by the relevant Governmental Authority) in the event that such indemnified party is required to repay such refund to such
Governmental Authority. Notwithstanding anything to the contrary in this subsection&nbsp;(h), in no event will the indemnified party be
required to pay any amount to an indemnifying party pursuant to this subsection&nbsp;(h) the payment of which would place the indemnified
party in a less favorable net after-Tax position than the indemnified party would have been in if the Tax subject to indemnification and
giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts
giving rise to such refund had never been paid. This subsection shall not be construed to require any indemnified party to make available
its Tax returns (or any other information relating to its Taxes that it deems confidential) to the indemnifying party or any other Person.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Survival. </I>Each party&rsquo;s obligations
under this Section shall survive the resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement
of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all obligations under any Loan Document.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;4.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change of Law</I>. Notwithstanding any other provisions of this Agreement or any other Loan Document, if at any time any Lender in good
faith determines that any Change in Law makes it unlawful for such Lender to make or continue to maintain any SOFR Loans or to perform
its obligations as contemplated hereby, such Lender shall promptly give notice thereof to the Borrower (which notice shall specify the
extent of such unlawfulness (e.g., whether such unlawfulness applies to SOFR Loans generally or only to Interest Periods of a particular
duration)) and after the giving of such notice (i) such Lender&rsquo;s obligations to make or maintain SOFR Loans under this Agreement
shall be suspended until it is no longer unlawful for such Lender to make or maintain SOFR Loans and (ii) each outstanding SOFR Loan of
such Lender shall, on the last day of the Interest Period therefor (unless such Loan may be continued as a SOFR Loan for the full duration
of any requested new Interest Period without being unlawful) or on such earlier date as such Lender shall specify is necessary pursuant
to the applicable Change in Law, convert to a Base Rate Loan, which shall be determined without reference to clause (c) of the definition
of &ldquo;Base Rate&rdquo;.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;4.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inability to Determine Rates.</I>  If on or prior to the first day of any Interest Period for any Borrowing of SOFR Loans:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; font-size: 10pt; text-align: justify; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Administrative
Agent determines (which determination shall be conclusive and binding absent manifest error) that &ldquo;Term SOFR&rdquo; cannot be determined
pursuant to the definition thereof, or</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; font-size: 10pt; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Required Lenders determine that for
any reason in connection with any request for a SOFR Loan or a conversion thereto or a continuation thereof that Term SOFR for any requested
Interest Period with respect to a proposed SOFR Loan does not adequately and fairly reflect the cost to such Lenders of funding such Loan,
and the Required Lenders have provided notice of such determination to the Administrative Agent, then the Administrative Agent will promptly
so notify the Borrower and each Lender. Upon notice thereof by the Administrative Agent to the Borrower, any obligation of the Lenders
to make or continue SOFR Loans shall be suspended (to the extent of the affected SOFR Loans and, in the case of a SOFR Loan, the affected
Interest Periods) until the Administrative Agent revokes such notice. Upon receipt of such notice, (i) the Borrower may revoke any pending
request for a borrowing of, conversion to or continuation of SOFR Loans (to the extent of the affected SOFR Loans and, in the case of
a SOFR Loan, the affected Interest Periods) or, failing that, the Borrower will be deemed to have converted any such request into a request
for a Borrowing of or conversion to Base Rate Loans in the amount specified therein and (ii) any outstanding affected SOFR Loans will
be deemed to have been converted into Base Rate Loans immediately or, in the case of a SOFR Loans, at the end of the applicable Interest
Period. Upon any such conversion, the Borrower shall also pay any additional amounts required pursuant to Section 4.5.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;4.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Increased Costs</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Increased Costs Generally. </I>If any Change in Law shall:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; font-size: 10pt; text-align: justify; text-indent: 0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;impose, modify or deem applicable any reserve, special
deposit, compulsory loan, insurance charge or similar requirement against assets of, deposits with or for the account of, or credit extended
or participated in by, any Lender or any L/C Issuer;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

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

<P STYLE="margin: 0pt 0pt 0pt 0.5in; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">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 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 Issuer or other Recipient hereunder (whether of principal, interest or any other amount)
then, upon request of such Lender in accordance with clause (c) below, L/C Issuer or other Recipient, the Borrower will pay to such Lender,
L/C Issuer or other Recipient, as the case may be, such additional amount or amounts as will compensate such Lender, L/C Issuer or other
Recipient, as the case may be, for such additional costs incurred or reduction suffered.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Capital Requirements. </I>If any Lender or L/C Issuer determines
that any Change in Law affecting such Lender or L/C Issuer or any lending office of such Lender or such Lender&rsquo;s or L/C 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 Issuer&rsquo;s capital or on the capital of such Lender&rsquo;s or L/C Issuer&rsquo;s holding company, if any, as
a consequence of this 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 any L/C Issuer, to a level below that which such Lender or L/C Issuer or
such Lender&rsquo;s or L/C Issuer&rsquo;s holding company could have achieved but for such Change in Law (taking into consideration such
Lender&rsquo;s or L/C Issuer&rsquo;s policies and the policies of such Lender&rsquo;s or L/C Issuer&rsquo;s holding company with respect
to capital adequacy), then from time to time the Borrower will pay to such Lender or L/C Issuer, as the case may be, such additional amount
or amounts as will compensate such Lender or L/C Issuer or such Lender&rsquo;s or L/C Issuer&rsquo;s holding company for any such reduction
suffered.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Certificates for Reimbursement. </I>A certificate of a Lender
or L/C Issuer setting forth in reasonable detail the amount or amounts necessary to compensate such Lender or L/C Issuer or its holding
company, as the case may be, as specified in subsection&nbsp;(a) or&nbsp;(b) of this Section and delivered to the Borrower, shall be <I>prima
facie</I> evidence of such amount if reasonably determined. The Borrower shall pay such Lender or L/C Issuer, as the case may be, the
amount shown as due on any such certificate within fifteen (15) days after receipt thereof.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Delay in Requests. </I>Failure or delay on the part of any
Lender or L/C Issuer to demand compensation pursuant to this Section shall not constitute a waiver of such Lender&rsquo;s or L/C Issuer&rsquo;s
right to demand such compensation; <I>provided</I> that the Borrower shall not be required to compensate a Lender or L/C Issuer pursuant
to this Section for any increased costs incurred or reductions suffered more than four (4) months prior to the date that such Lender or
L/C Issuer, as the case may be, notifies the Borrower of the Change in Law giving rise to such increased costs or reductions, and of such
Lender&rsquo;s or L/C Issuer&rsquo;s intention to claim compensation therefor (except that, if the Change in Law giving rise to such increased
costs or reductions is retroactive, then the four-month period referred to above shall be extended to include the period of retroactive
effect thereof).</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;4.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Funding
Indemnity</I>. If any Lender shall incur any actual loss (other than lost profits), cost or expense by reason of the liquidation or re-employment
of deposits or other funds acquired by such Lender to fund or maintain any SOFR Loan or Swingline Loan bearing interest at the Swingline
Lender&rsquo;s Quoted Rate or the relending or reinvesting of such deposits or amounts paid or prepaid to such Lender) as a result of:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any payment, prepayment or conversion of a SOFR Loan
or such Swingline Loan on a date other than the last day of its Interest Period,</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any failure (because of a failure to meet the conditions
of Section&nbsp;7 or otherwise) by the Borrower to borrow or continue a SOFR Loan or such Swingline Loan, or to convert a Base Rate Loan
into a SOFR Loan or such Swingline Loan on the date specified in a notice given pursuant to Section&nbsp;2.5(a) or 2.1(b),</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any failure by the Borrower to make any payment of
principal on any SOFR Loan or such Swingline Loan when due (whether by acceleration or otherwise), or</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any acceleration of the maturity of a SOFR Loan or
such Swingline Loan as a result of the occurrence of any Event of Default hereunder,</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">then, upon the demand of such Lender, the Borrower shall pay to such Lender
such amount as will reimburse such Lender for such actual loss, cost or expense. If any Lender makes such a claim for compensation, it
shall provide to the Borrower, with a copy to the Administrative Agent, a certificate setting forth the computation of such actual loss,
cost or expense in reasonable detail and the amounts shown on such certificate shall be <I>prima facie</I> evidence of such amounts if
reasonably determined.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><I>Section&nbsp;4.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effect of Benchmark Transition</I>. Notwithstanding anything to the contrary herein or in any other Loan Document:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Benchmark Replacement</I>. If a Benchmark Transition Event
and its related Benchmark Replacement Date have occurred prior any setting of the then-current Benchmark, then (x) if a Benchmark Replacement
is determined in accordance with clause (a) of the definition of &ldquo;Benchmark Replacement&rdquo; for such Benchmark Replacement Date,
such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of such Benchmark
setting and subsequent Benchmark settings without any amendment to, or further action or consent of any other party to, this Agreement
or any other Loan Document and (y) if a Benchmark Replacement is determined in accordance with clause (b) of the definition of &ldquo;Benchmark
Replacement&rdquo; for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder
and under any Loan Document in respect of any Benchmark setting at or after 5:00 p.m. (New York City time) on the fifth (5th) Business
Day after the date notice of such Benchmark Replacement is provided to the Lenders without any amendment to, or further action or consent
of any other party to, this Agreement or any other Loan Document so long as the Administrative Agent has not received, by such time, written
notice of objection to such Benchmark Replacement from Lenders comprising the Required Lenders. If the Benchmark Replacement is Daily
Simple SOFR, all interest payments will be payable on a quarterly basis.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Benchmark Replacement Conforming Changes. </I>In connection
with the use, administration, adoption or implementation of a Benchmark Replacement, the Administrative Agent will have the right to make
Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments
implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement
or any other Loan Document.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Notice; Standards for Decisions and Determinations. </I>The
Administrative Agent will promptly notify the Borrower and the Lenders of (i) the implementation of any Benchmark Replacement and (ii)
the effectiveness of any Conforming Changes in connection with the use, administration, adoption or implementation of a Benchmark Replacement
and the commencement of any Benchmark Unavailability Period. The Administrative Agent will promptly notify the Borrower of the removal
or reinstatement of any tenor of a Benchmark pursuant to Section 4.6. Any determination, decision or election that may be made by the
Administrative Agent or, if applicable, any Lender (or group of Lenders) pursuant to this Section 4.6, including any determination with
respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take
or refrain from taking any action or any selection, will be conclusive and binding absent manifest error and may be made in its or their
sole discretion and without consent from any other party to this Agreement or any other Loan Document, except, in each case, as expressly
required pursuant to this Section 4.6.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Unavailability of Tenor of Benchmark. </I>Notwithstanding
anything to the contrary herein or in any other Loan Document, at any time (including in connection with the implementation of a Benchmark
Replacement), (i) if the then-current Benchmark is a term rate (including the Term SOFR Reference Rate) and either (A) any tenor for such
Benchmark is not displayed on a screen or other information service that publishes such rate from time to time as selected by the Administrative
Agent in its reasonable discretion or (B) the administrator of such Benchmark or the regulatory supervisor for the administrator of such
Benchmark has provided a public statement or publication of information announcing that any tenor for such Benchmark is not or will not
be representative, then the Administrative Agent may modify the definition of &ldquo;Interest Period&rdquo; (or any similar or analogous
definition) for any Benchmark settings at or after such time to remove such unavailable, non-representative, non-compliant or non-aligned
tenor and (ii) if a tenor that was removed pursuant to clause (i) above either (A) is subsequently displayed on a screen or information
service for a Benchmark (including a Benchmark Replacement) or (B) is not or is no longer subject to an announcement that it is not or
will not be representative (including a Benchmark Replacement), then the Administrative Agent may modify the definition of &ldquo;Interest
Period&rdquo; (or any similar or analogous definition) for all Benchmark settings at or after such time to reinstate such previously removed
tenor.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Benchmark Unavailability Period</I>. Upon the Borrower&rsquo;s
receipt of notice of the commencement of a Benchmark Unavailability Period, the Borrower may revoke any pending request for a SOFR Borrowing
of, conversion to or continuation of SOFR Loans to be made, converted or continued during any Benchmark Unavailability Period and, failing
that, the Borrower will be deemed to have converted any such request into a request for a Borrowing of or conversion to Base Rate Loans.
During a Benchmark Unavailability Period or at any time that a tenor for the then-current Benchmark is not an Available Tenor, the component
of Base Rate based upon the then-current Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination
of Base Rate.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;4.7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lending Offices; Mitigation Obligations</I>. Each Lender may, at its option, elect to make its Loans hereunder
at the branch, office or affiliate specified in its Administrative Questionnaire (each a <I>&ldquo;Lending Office&rdquo;</I>) for each
type of Loan available hereunder or at such other of its branches, offices or affiliates as it may from time to time elect and designate
in a written notice to the Borrower and the Administrative Agent, <I>provided, that</I> if a Lender at its option designates an alternative
lending office or branch as described above, to the extent such designation would at the time of such redesignation require the Borrower
to pay any amounts pursuant to Section&nbsp;4.4 or 4.1 hereof in excess of that for which the Borrower would have already been liable
had such alternative office or branch not been used, the Borrower shall not be liable for such increased amounts. If any Lender requests
compensation under Section&nbsp;4.4, or requires the Borrower to pay any Indemnified Taxes or additional amounts to any Lender or any
Governmental Authority for the account of any Lender pursuant to Section&nbsp;4.1, then such Lender shall (at the request of the Borrower)
use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and
obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment
(i)&nbsp;would eliminate or reduce amounts payable pursuant to Section&nbsp;4.1 or 4.4, as the case may be, in the future, and (ii)&nbsp;would
not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby
agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 8%; font-size: 10pt; font-variant: small-caps; text-align: left; text-indent: 0pt; padding-left: 0pt">Section&nbsp;5.</TD>
    <TD STYLE="width: 92%; font-size: 10pt; font-variant: small-caps; text-align: left">Place and Application
of Payments</TD></TR>
  </TABLE>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;5.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Place and Application
of Payments</I>.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All payments of principal of and interest on the Loans and the
Reimbursement Obligations, and all other Obligations payable by the Borrower under this Agreement and the other Loan Documents, shall
be made by the Borrower to the Administrative Agent by no later than 12:00&nbsp;Noon (Chicago time) on the due date thereof at the office
of the Administrative Agent in Chicago, Illinois (or such other location as the Administrative Agent may designate to the Borrower), for
the benefit of the Lender(s) or L/C&nbsp;Issuer entitled thereto. Any payments received after such time shall be deemed to have been received
by the Administrative Agent on the next Business Day. All such payments shall be made in U.S. Dollars, in immediately available funds
at the place of payment, in each case without set-off or counterclaim. The Administrative Agent will promptly thereafter cause to be distributed
like funds relating to the payment of principal or interest on Loans and on Reimbursement Obligations in which the Lenders have purchased
Participating Interests ratably to the Lenders and like funds relating to the payment of any other amount payable to any Lender to such
Lender, in each case to be applied in accordance with the terms of this Agreement. Unless the Administrative Agent shall have received
notice from the Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders or the
L/C Issuers hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has made such
payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the L/C Issuers, as
the case may be, the amount due. In such event, if the Borrower has not in fact made such payment, then each of the Lenders or the L/C
Issuers, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such
Lender or L/C 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 Rate and a rate determined by the Administrative
Agent in accordance with banking industry rules on interbank compensation.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unless the Administrative Agent shall have received notice from
the Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders, the Swing Line
Lender or the L/C Issuer hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower
has made such payment on such date in accordance herewith and may (but shall not be required to) in reliance upon such assumption, distribute
to the applicable Lenders, the Swing Line Lender or the L/C Issuer, as the case may be, the amount due. With respect to any payment that
the Administrative Agent makes to any Lender, Swing Line Lender or L/C Issuer as to which Administrative Agent determines (in its sole
and absolute discretion) that any of the following applies (such payment referred to as the <I>&ldquo;Rescindable Amount&rdquo;</I>):
(1) the Borrower has not in fact made the corresponding payment to the Administrative Agent; (2) the Administrative Agent has made a payment
in excess of the amount(s) received by it from the Borrower either individually or in the aggregate (whether or not then owed); or (3)
the Administrative Agent has for any reason otherwise erroneously made such payment; then each of the Lenders, Swing Line Lender and L/C
Issuer severally agrees to repay to the Administrative Agent forthwith on demand the Rescindable Amount so distributed to such Person,
in immediately available funds 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 Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by Administrative
Agent in accordance with banking industry rules on interbank compensation.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;5.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-Business Days.</I>  Subject to the definition of Interest Period, if any payment hereunder becomes due and payable on a day
which is not a Business Day, the due date of such payment shall be extended to the next succeeding Business Day on which date such payment
shall be due and payable. In the case of any payment of principal falling due on a day which is not a Business Day, interest on such principal
amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount shall be due and payable
on the next scheduled date for the payment of interest.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;5.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payments Set Aside</I>. To the extent that
any payment by or on behalf of the Borrower or any other Loan Party is made to the Administrative Agent, any L/C Issuer or any Lender,
or the Administrative Agent, any L/C Issuer 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, such L/C Issuer 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 otherwise, then (a)&nbsp;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)&nbsp;each Lender and each L/C Issuer severally agrees to
pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by the
Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to
the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank
compensation for each such day.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;5.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Account Debit</I>. The Borrower hereby irrevocably
authorizes the Administrative Agent to charge any of the Borrower&rsquo;s deposit accounts maintained with the Administrative Agent for
the amounts from time to time necessary to pay any then due Obligations; <I>provided</I> that the Borrower acknowledges and agrees that
the Administrative Agent shall not be under an obligation to do so and the Administrative Agent shall not incur any liability to the Borrower
or any other Person for the Administrative Agent&rsquo;s failure to do so.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
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    <TD STYLE="width: 8%; font-size: 10pt; font-variant: small-caps; text-align: left; text-indent: 0pt; padding-left: 0pt">Section&nbsp;6.</TD>
    <TD STYLE="width: 92%; font-size: 10pt; font-variant: small-caps; text-align: left">Representations
and Warranties</TD></TR>
  </TABLE>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">Each Loan Party represents and warrants with respect
to itself to the Administrative Agent and the Lenders as follows:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;6.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Organization and Qualification</I>. The Borrower (a)&nbsp;is duly organized, validly existing, and in good standing
as a corporation under the laws of the State of Delaware, (b)&nbsp;has full and adequate power to own its Property and conduct its business
as now conducted, and (c)&nbsp;is duly licensed or qualified and in good standing in each jurisdiction in which the nature of the business
conducted by it or the nature of the Property owned or leased by it requires such licensing or qualifying where the failure to do so would
reasonably be expected to have a Material Adverse Effect.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;6.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corporate Authority and Validity of Borrower&rsquo;s
Obligations</I>. The Borrower has full
right and authority to enter into this Agreement and the other Loan Documents, to perform all of its obligations hereunder and under the
other Loan Documents, and to make the borrowings herein provided for and to issue the Notes (if any) in evidence thereof. The Loan Documents
delivered by the Borrower have been duly authorized, executed and delivered by the Borrower and constitute valid and binding obligations
of the Borrower enforceable in accordance with their terms except as enforceability may be limited by bankruptcy, insolvency, fraudulent
conveyance or similar laws affecting creditors&rsquo; rights generally and general principles of equity (regardless of whether the application
of such principles is considered in a proceeding in equity or at law); and this Agreement and the other Loan Documents do not, nor does
the performance or observance by the Borrower of any of the matters and things herein or therein provided for, contravene or constitute
a default under any provision of law or any judgment, injunction, order or decree binding upon the Borrower or any provision of the charter,
articles of incorporation or by-laws of the Borrower or any material covenant, indenture or agreement of or affecting the Borrower or
any of its Properties, or result in the creation or imposition of any Lien on any Property of the Borrower.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;6.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subsidiaries</I>. Each Guarantor (a)&nbsp;is duly organized, validly existing, and in good standing under the laws of the jurisdiction in which
it is incorporated or organized, as the case may be, (b)&nbsp;has full and adequate power to own its Property and conduct its business
as now conducted, and (c)&nbsp;is duly licensed or qualified and in good standing in each jurisdiction in which the nature of the business
conducted by it or the nature of the Property owned or leased by it requires such licensing or qualifying where the failure to do so would
reasonably be expected to have a Material Adverse Effect. Schedule&nbsp;6.3 hereto identifies each Subsidiary and each Material Subsidiary
as of the date hereof, the jurisdiction of its incorporation or organization, as the case may be, the percentage of issued and outstanding
shares of each class of its capital stock or other equity interests owned by the Borrower and, if such percentage is not 100% (excluding
directors&rsquo; qualifying shares as required by law), a description of each class of its authorized capital stock and other equity interests
and the number of shares of each class issued and outstanding. As of the date hereof, all of the outstanding shares of capital stock and
other equity interests of each Guarantor are validly issued and outstanding and all such shares and other equity interests indicated on
Schedule&nbsp;6.3 as owned by the Borrower or a Subsidiary, as the case may be, are so owned, beneficially and of record, by the Borrower
or such Subsidiary free and clear of all Liens, other than Liens permitted by this Agreement.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;6.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corporate Authority and Validity of Guarantors&rsquo;
Obligations.</I>        Each Guarantor has
full right, power and authority to guarantee the Guarantied Liabilities, to execute and deliver this Agreement or a Guaranty Agreement
and any other Loan Documents executed by it, and to perform each and all of the matters and things therein provided for. Each Loan Document
delivered by each Guarantor has been duly authorized, executed and delivered by such Guarantor and constitutes a valid and binding obligation
of such Guarantor enforceable in accordance with its terms except as enforceability may be limited by bankruptcy, insolvency, fraudulent
conveyance or similar laws affecting creditors&rsquo; rights generally and general principles of equity (regardless of whether the application
of such principles is considered in a proceeding in equity or at law) and the Loan Documents executed by each Guarantor do not, nor does
the performance or observance by any Guarantor of any of the matters or things therein provided for, contravene any provision of law or
any provision of any charter, articles of incorporation, by-laws, partnership agreement or articles of organization, as the case may be,
of any Guarantor or any material covenant, indenture or agreement of or affecting the Borrower or any Guarantor or any of the Borrower&rsquo;s
or such Guarantor&rsquo;s Property, or result in the creation or imposition of any Lien on any of the Borrower&rsquo;s or such Guarantor&rsquo;s
Property.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;6.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Use of Proceeds; Margin Stock.</I> The
Borrower shall use the proceeds of the Revolving Facility to refinance existing Indebtedness outstanding on the Closing Date, to
finance Permitted Acquisitions, for working capital and capital expenditures, for expenses incurred in connection with this
Agreement, and to finance its general corporate purposes <B>(</B>including stock repurchases to the extent permitted by
Section&nbsp;8.9 hereof). Neither the Borrower nor any Subsidiary is engaged in the business of extending credit for the purpose of
purchasing or carrying margin stock (within the meaning of Regulation&nbsp;U of the Board of Governors of the Federal Reserve
System). No part of the proceeds of any extension of credit made hereunder will be used to purchase or carry any such margin stock
or to extend credit to others for the purpose of purchasing or carrying any such margin stock. Margin stock (as hereinabove defined)
constitutes less than 25% of the assets of the Loan Parties and their Subsidiaries which are subject to any limitation on sale,
pledge or other restriction hereunder.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;6.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial Reports.</I> The consolidated balance sheet of the Borrower as at December 31, 2024 and the related consolidated statements of
income, retained earnings and cash flows of the Borrower for the fiscal year then ended, and accompanying notes thereto, which financial
statements are accompanied by the audit report of Ernst&nbsp;&amp; Young LLP, independent public accountants, and the unaudited interim
consolidated balance sheet of Borrower as at March 31, 2025 and the related unaudited consolidated statements of income, retained earnings
and cash flows of Borrower for the 3 months then ended, heretofore furnished to the Administrative Agent and the Lenders, fairly present
in all material respects the consolidated financial condition of the Borrower as at said dates and the consolidated results of its operations
and cash flows for the periods then ended in conformity with GAAP applied on a consistent basis.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;6.7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No Material Adverse
Change</I>. Since December 31, 2024, except as disclosed in periodic SEC filings by the Borrower, there has been no change in the financial
condition of the Borrower or the Hub Group, taken as a whole, that has had a Material Adverse Effect.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;6.8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Full
Disclosure.</I> The statements and information furnished to the Administrative Agent and the Lenders in connection with the
negotiation of this Agreement and the other Loan Documents and the commitments by the Lenders to provide all or part of the
financing contemplated hereby do not, taken as a whole and other than financial projections or forecasts, contain any untrue
statements of a material fact or omit a material fact necessary to make the material statements contained herein or therein not
misleading, the Administrative Agent and the Lenders acknowledging that, as to any projections or forecasts furnished to the
Administrative Agent and the Lenders, the Loan Parties only represent that the same were prepared on the basis of information and
estimates the Loan Parties believed to be reasonable at the time made.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;6.9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trademarks,
Franchises and Licenses. </I>The members of the Hub Group own, possess or have the right to use all necessary patents, licenses,
franchises, trademarks, trade names, trade styles, copyrights, trade secrets, know how, and confidential commercial and proprietary
information (collectively, <I>&ldquo;Intellectual Property&rdquo;</I>) to conduct their businesses as now conducted, except for
Intellectual Property the failure of which to own, possess or otherwise have the right to use, individually or in the aggregate,
would not be reasonably likely to have a Material Adverse Effect, without known conflict with any patent, license, franchise,
trademark, trade name, trade style, copyright, or other proprietary right of any other Person except for any conflict which,
individually or in the aggregate, would not be reasonably likely to have a Material Adverse Effect.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;6.10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Governmental Authority and Licensing.</I>  The members of the Hub Group have received all licenses, permits, and approvals
of all federal, state, local, and foreign governmental authorities, if any, necessary to conduct their businesses, in each case where
the failure to obtain or maintain the same would reasonably be expected to have a Material Adverse Effect. No investigation or proceeding
which would reasonably be expected to result in revocation or denial of any material license, permit or approval is pending or, to the
knowledge of any Loan Party, threatened in writing.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;6.11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Good Title</I>. The members of the Hub Group have good and defensible title (or valid leasehold interests) to their assets as reflected on
the most recent consolidated balance sheet of the Borrower furnished to the Administrative Agent and the Lenders (except for sales of
assets by the Hub Group in the ordinary course of business, or where failure to have such title would not reasonably be expected to have
a Material Adverse Effect), and subject to no Liens other than such thereof as are permitted by Section&nbsp;8.6 hereof.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;6.12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Litigation and
Other Controversies.</I> Except as disclosed in SEC filings by the Borrower made prior to the Closing Date, there is no litigation or
governmental or arbitration proceeding or labor controversy pending, nor to the knowledge of the Borrower threatened in writing, against
the Borrower or any other member of the Hub Group or any of their Property which would reasonably be expected to have a Material Adverse
Effect.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;6.13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxes.</I> All tax returns with respect to any income tax or other material tax required to be filed by the Loan Parties in any jurisdiction
have, in fact, been filed, and all taxes, assessments, fees and other governmental charges upon the Loan Parties or upon any of their
respective Properties, income or franchises, which are shown to be due and payable in such returns, have been paid, in each case except
(a)&nbsp;taxes that are being contested in good faith by appropriate proceedings and for which adequate reserves are being maintained
in accordance with GAAP or (b)&nbsp;to the extent that the failure to do so could not reasonably be expected to have a Material Adverse
Effect. The Loan Parties do not know of any proposed material additional tax assessment against any Loan Party for which adequate provision
in accordance with GAAP has not been made on its accounts and could reasonably be expected to have a Material Adverse Effect.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;6.14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Approval</I>s.  No authorization, consent, license, or exemption from, or filing or registration with, any court or governmental department,
agency, or instrumentality, nor any approval or consent of the stockholders of the Borrower or any other Person, is necessary to the valid
execution, delivery, or performance by any Loan Party or any Subsidiary of any Loan Document, except for such approvals which have been
obtained and remain in full force and effect.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;6.15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Affiliate Transactions.</I> Neither the Borrower
nor any other member of the Hub Group is a party to any contracts or agreements with any of its Affiliates (other than Wholly-Owned Subsidiaries)
on terms and conditions which are less favorable to such member of the Hub Group than would be usual and customary in similar contracts
or agreements between Persons not affiliated with each other.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;6.16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment Company</I><I>.</I>
Neither the Borrower nor any other member of the Hub Group is an &ldquo;investment company&rdquo; or a company &ldquo;controlled&rdquo;
by an &ldquo;investment company&rdquo; within the meaning of the Investment Company Act of 1940, as amended.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;6.17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ERISA</I>. The Borrower and each other member of its Controlled Group has fulfilled its obligations under the minimum funding standards of,
and is in compliance in all material respects with, ERISA and the Code with respect to the Plans to the extent applicable to it and has
not incurred any liability to the PBGC, a Plan, or a Multiemployer Plan under Title&nbsp;IV of ERISA other than a liability to the PBGC
for premiums under Section&nbsp;4007 of ERISA. Neither the Borrower nor any Subsidiary thereof has any contingent liabilities with respect
to any post-retirement benefits under a Welfare Plan, other than liability for continuation of coverage described in article 6 of Title
1 of ERISA.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;6.18.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Compliance with Laws</I>. The Borrower and each other member of the Hub Group are in substantial compliance with the requirements
of all federal, state and local laws, rules and regulations applicable to or pertaining to their Property or business operations (including
the Occupational Safety and Health Act of 1970, the Americans with Disabilities Act of 1990, and laws and regulations establishing quality
criteria and standards for air, water, land and toxic or hazardous wastes and substances), except insofar as non-compliance with which,
individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. Neither the Borrower nor any Subsidiary
has received notice to the effect that its operations are not in compliance with any of the requirements of applicable federal, state
or local environmental, health and safety statutes and regulations or are the subject of any governmental investigation evaluating whether
any remedial action is needed to respond to a release of any toxic or hazardous waste or substance into the environment, which non-compliance
or remedial action, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;6.19.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No Default</I> <I>. </I>No Default or Event of Default has occurred and is continuing.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;6.20.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sanctions</I>. (a) Each Loan Party is in compliance in all material respects with the requirements of all Sanctions Programs applicable to it;
(b)&nbsp;each Subsidiary is in compliance in all material respects with the requirements of all Sanctions Programs applicable to such
Subsidiary; (c) the Loan Parties have provided to the Administrative Agent, the L/C Issuers and the Lenders all information regarding
the Loan Parties and their Affiliates and Subsidiaries necessary for the Administrative Agent, the L/C Issuers and the Lenders to comply
with all applicable Sanctions Programs and (d) to the best of the Borrower&rsquo;s knowledge, neither the Borrower nor any of its Affiliates
or Subsidiaries is, as of the date hereof, a Sanctioned Person.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;6.21.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Anti-Corruption Laws</I><FONT STYLE="font-size: 10pt">.</FONT>
In connection with the activities anticipated by this Agreement, each Loan Party has conducted its business in compliance with all applicable
Anti-Corruption Laws and, to the extent required by such laws, have instituted and maintained policies and procedures designed to promote
and achieve compliance with such laws and Sanctions. In connection with this Agreement, no Loan Party has directly or indirectly corruptly
offered, authorized, or made, any payment, or any other thing of value, to any person or entity with which such Loan Party does business,
in order to secure any improper advantage, official action, or to assist such Loan Party to obtain or retain business.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;6.22.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EEA Financial Institution</I><FONT STYLE="font-size: 10pt">.</FONT>
No Loan Party is an EEA Financial Institution.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;6.23.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Outbound Investment Rules</I> <FONT STYLE="font-size: 10pt">.</FONT>
Neither the Borrower nor any of their Subsidiaries is a &lsquo;covered foreign person&rsquo; as that term is used in the Outbound Investment
Rules. No Borrower nor any of their Subsidiaries currently engages, or has any present intention to engage in the future, directly or
indirectly, in (i) a &ldquo;covered activity&rdquo; or a &ldquo;covered transaction&rdquo;, as each such term is defined in the Outbound
Investment Rules, (ii) any activity or transaction that would constitute a &ldquo;covered activity&rdquo; or a &ldquo;covered transaction&rdquo;,
as each such term is defined in the Outbound Investment Rules, if any Transaction Party were a U.S. Person or (iii) any other activity
that would cause the Administrative Agent or any Lender to be in violation of the Outbound Investment Rules or cause the Administrative
Agent or any Lender to be legally prohibited by the Outbound Investment Rules from performing under this Agreement.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 8%; font-size: 10pt; font-variant: small-caps; text-align: left; text-indent: 0pt; padding-left: 0pt">Section&nbsp;7.</TD>
    <TD STYLE="width: 92%; font-size: 10pt; font-variant: small-caps; text-align: left">Conditions Precedent</TD></TR>
  </TABLE>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">The obligation of any Lender, the Swingline Lender
or L/C Issuer with respect to each Credit Event, is subject to the following conditions precedent:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;7.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All Credit Events</I>. At the time of each Credit Event hereunder:</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;each of the representations and warranties set forth
herein (other than the representation and warranty set forth in Section&nbsp;6.12) and in the other Loan Documents shall be true and correct
in all material respects as of said time (where not already qualified by materiality, otherwise in all respects), except to the extent
the same expressly relate to an earlier date, in which case they shall be true and correct in all material respects (where not already
qualified by materiality, otherwise in all respects) as of such earlier date;</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;no Default or Event of Default shall have occurred
and be continuing or would occur as a result of such Credit Event;</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;in the case of a Borrowing (other than a Borrowing
of Swingline Loans), the Administrative Agent shall have received the notice required by Section&nbsp;2.5, in the case of the issuance
of any Letter of Credit, the L/C&nbsp;Issuer shall have received a duly completed Application for such Letter of Credit together with
any fees called for by Section&nbsp;3.1 (to the extent payable at such time), and, in the case of an extension or increase in the amount
of a Letter of Credit, a written request therefor in a form reasonably acceptable to the L/C&nbsp;Issuer together with fees called for
by Section&nbsp;3.1 (to the extent payable at such time); and</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;such Credit Event shall not violate any order, judgment
or decree of any court or other authority or any provision of law or regulation applicable to the Administrative Agent, any L/C&nbsp;Issuer
or any Lender (including Regulation&nbsp;U of the Board of Governors of the Federal Reserve System) as then in effect.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">Each request for a Borrowing hereunder and each request
for the issuance of, increase in the amount of, or extension of the expiration date of, a Letter of Credit shall be deemed to be a representation
and warranty by the Borrower on the date of such Credit Event as to the facts specified in subsections&nbsp;(a) through (b), inclusive,
of this Section; <I>provided, however, </I>that Lenders may continue to make advances, in the sole discretion of each Lender with a Commitment,
notwithstanding the failure of the Borrower to satisfy one or more of the conditions set forth above and any such advances so made shall
not be deemed a waiver of any Default, Event of Default or other condition set forth above that may then exist.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section 7.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Initial Credit Event.</I>  Before or concurrently with the initial Credit Event:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Administrative Agent shall have received this
Agreement duly executed by the Borrower, the Guarantors, each L/C Issuer, the Administrative Agent and the Lenders;</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if requested by any Lender, the Administrative Agent
shall have received for such Lender such Lender&rsquo;s duly executed Notes of the Borrower dated the date hereof and otherwise in compliance
with the provisions of Section&nbsp;2.9;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Administrative Agent shall have received copies
of each Loan Party&rsquo;s articles of incorporation and bylaws (or comparable organizational documents) and any amendments thereto, certified
in each instance by its Secretary or Assistant Secretary (or comparable Responsible Officer);</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Administrative Agent shall have received copies
of resolutions of each Loan Party&rsquo;s Board of Directors (or similar governing body) authorizing the execution, delivery and performance
of this Agreement and the other Loan Documents to which it is a party and the consummation of the transactions contemplated hereby and
thereby, together with specimen signatures of the persons authorized to execute such documents on each Loan Party&rsquo;s behalf, all
certified in each instance by its Secretary or Assistant Secretary (or comparable Responsible Officer);</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

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<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Administrative Agent shall have received copies
of the certificates of good standing for each Loan Party (dated no earlier than 30&nbsp;days prior to the date hereof) from the office
of the secretary of the state of its incorporation or organization;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Administrative Agent shall have received a list
of the Borrower&rsquo;s Authorized Representatives and a certificate as to the Borrower&rsquo;s Designated Disbursement Account;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Administrative Agent shall have received payment
of the initial fees called for by Section 3.1 (to the extent payable at such time);</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;each Lender shall have received a Compliance Certificate
confirming compliance with the financial covenants hereof on a <I>pro forma </I>basis after giving effect to the initial Credit Event,
including evidence that the Total Net Leverage Ratio is no more than 3.00 to 1.00, signed by the president or chief financial officer
of the Borrower;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Administrative Agent shall have received the favorable
written opinion of counsel to each Loan Party, in form and substance reasonably satisfactory to the Administrative Agent;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;each of the Lenders shall have received, not later
than the date that is three (3) Business Days prior to the Closing Date, all documentation and other information requested by any such
Lender required by bank regulatory authorities under applicable &ldquo;know your customer&rdquo; and anti-money laundering rules and regulations,
including the United States Patriot Act (Title&nbsp;III of Pub.&nbsp;L.&nbsp;107-56 (signed into law October&nbsp;26, 2001)) including
the information described in Section&nbsp;13.19, as have been requested in writing by the Administrative Agent at least ten (10) calendar
days prior to the Closing Date;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Credit Agreement dated February 24, 2022, as amended,
among the Borrower, the Guarantors, the lenders party thereto, Bank of Montreal, as the administrative agent and sustainability structuring
agent, shall have been terminated and all principal, interest and fees thereunder shall have been paid in full in cash, provided, that
the Existing L/Cs issued by Bank of Montreal thereunder may be rolled into this Agreement as contemplated herein;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;no Material Adverse Effect shall have occurred; and</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Administrative Agent shall have received a funds
flow memorandum in connection with the initial Credit Event, executed by the Borrower, in form and substance reasonably satisfactory to
the Administrative Agent.</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">Without limiting the generality of the provisions of
Section&nbsp;13.3, for purposes of determining compliance with the conditions specified in this Section&nbsp;7.2, each Lender that has
signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter
required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless Administrative Agent shall have
received notice from such Lender prior to the proposed Closing Date specifying its objection thereto.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify; text-indent: 0pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 8%; font-size: 10pt; font-variant: small-caps; text-align: left; text-indent: 0pt; padding-left: 0pt">Section&nbsp;8.</TD>
    <TD STYLE="width: 92%; font-size: 10pt; font-variant: small-caps; text-align: left">Covenants</TD></TR>
  </TABLE>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">Each Loan Party agrees that, so long as any credit
is available to or in use by the Borrower hereunder, except to the extent compliance in any case or cases is waived in writing pursuant
to the terms of Section&nbsp;13.3:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;8.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance of Business.</I> The Borrower
shall, and the Borrower shall cause each Material Subsidiary to (a)&nbsp;preserve and maintain its existence and (b)&nbsp;preserve and
keep in force and effect all licenses, permits and franchises necessary to the proper conduct of its business; <I>provided, however,</I>
that the Borrower and the Subsidiaries may (i)&nbsp;take any action permitted by Section&nbsp;8.8 hereof and (ii)&nbsp;dissolve or liquidate
any Subsidiary if such dissolution or liquidation would not have a Material Adverse Effect.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;8.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxes and Assessment</I>s. The Borrower shall duly pay and discharge, and the Borrower shall cause each Subsidiary to duly pay
and discharge, all material taxes, rates, assessments, fees, and governmental charges upon or against it or its Properties, in each case
before the same become delinquent and before penalties accrue thereon, unless and to the extent that (a) the same are being contested
in good faith and by appropriate proceedings and adequate reserves are provided therefor or&nbsp;(b) the failure to do so could not reasonably
be expected to have a Material Adverse Effect.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;8.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insurance
Section</I>. <FONT STYLE="font-style: normal">The Borrower shall insure and keep insured, and the Borrower shall cause each Subsidiary
to insure and keep insured, with good and responsible insurance companies, all insurable property owned by it which is of a character
usually insured by Persons similarly situated and operating like properties against loss or damage from such hazards and risks, and in
such amounts, as are insured by Persons similarly situated and operating like Properties; and the Borrower shall insure, and the Borrower
shall cause each Subsidiary to insure, such other hazards and risks (including employers&rsquo; and public liability risks) with good
and responsible insurance companies, as and to the extent usually insured by Persons similarly situated and conducting similar businesses;
</FONT>provided, however, <FONT STYLE="font-style: normal">that the Borrower may maintain a system of self-insurance which is consistent
with the practices of entities similarly situated and operating like properties and business to that of the Borrower or its Subsidiaries
if appropriate reserves in respect thereof are maintained. The Borrower shall upon request furnish to the Administrative Agent a certificate
setting forth in summary form the nature and extent of the insurance maintained pursuant to this Section.</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-style: italic; text-align: justify; text-indent: 0in"><FONT STYLE="font-style: normal">&nbsp;</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;8.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial Reports.</I> The Borrower shall,
and the Borrower shall cause each Subsidiary to, maintain its accounts in accordance with GAAP and shall furnish to the Administrative
Agent and each Lender such information respecting the business and financial condition of the Hub Group as the Administrative Agent or
any Lender may reasonably request; and without any request, shall furnish to the Administrative Agent and each Lender:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;as soon as available, and in any event within 45 days
after the close of the first three fiscal quarters of each fiscal year of the Borrower, a copy of the consolidated balance sheet of the
Hub Group as of the last day of such period and the consolidated statements of income, retained earnings and cash flows of the Hub Group
for the quarter and the fiscal year-to-date period then ended, each in reasonable detail showing in comparative form the figures for the
corresponding date and period in the previous fiscal year, prepared by the Borrower in accordance with GAAP and certified by its president
or chief financial officer;</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;as soon as available, and in any event within 90 days
after the close of each annual accounting period of the Borrower, a copy of the consolidated balance sheet of the Hub Group as of the
close of such period and the consolidated statements of income, retained earnings and cash flows of the Hub Group for such period, and
accompanying notes thereto, each in reasonable detail showing in comparative form the figures for the previous fiscal year, accompanied
by an audit report thereon of Ernst&nbsp;&amp; Young LLP or another firm of independent public accountants of recognized national standing,
to the effect that the consolidated financial statements have been prepared in accordance with GAAP and present fairly in all material
respects in accordance with GAAP the consolidated financial condition of the Hub Group as of the close of such fiscal year and the results
of its operations and cash flows for the fiscal year then ended and that an examination of such accounts in connection with such consolidated
financial statements has been made in accordance with generally accepted auditing standards and, accordingly, such examination included
such tests of the accounting records and such other auditing procedures as were considered necessary in the circumstances;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;promptly after receipt thereof, any management letters
identifying a material weakness or a significant deficiency in internal controls given to the Borrower by its independent public accountants;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;promptly after the sending or filing thereof, copies
of all Form 10-K and Form 10-Q reports filed by the Borrower with any securities exchange or the SEC;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if and when the Borrower or any members of its Controlled
Group is required to give notice to the PBGC of any &ldquo;reportable event&rdquo; (as defined in Section&nbsp;4043 of ERISA) with respect
to any Plan which would reasonably be expected to constitute grounds for a distress or PBGC-initiated termination of such Plan under Title&nbsp;IV
of ERISA, or knows that the plan administrator of any Plan has given or is required to give notice of any such reportable event, a copy
of the notice of such reportable event given or required to be given to the PBGC;</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;promptly after knowledge thereof shall have come to
the attention of any responsible executive officer of the Borrower, written notice of (i) any threatened in writing or pending litigation
or governmental proceeding or labor controversy against the Borrower or any other member of the Hub Group which, if reasonably likely
to be adversely determined, would result in a Material Adverse Effect, (ii) the occurrence of any Change of Control Event or (iii) any
Default or Event of Default hereunder;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

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<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;promptly upon the filing thereof, written notice of
the filing of any registration statements and any annual, quarterly or monthly reports which the Borrower shall have filed with the SEC;
and</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;with each of the financial statements furnished to
the Administrative Agent and the Lenders pursuant to subsections&nbsp;(a) and (b) of this Section, a written certificate in substantially
the same form attached hereto as Exhibit&nbsp;F (a <I>&ldquo;Compliance Certificate&rdquo;</I>) signed by the chief executive officer,
president, chief financial officer or controller of the Borrower to the effect that to the best of such officer&rsquo;s knowledge and
belief no Default or Event of Default has occurred during the period covered by such statements or, if any such Default or Event of Default
has occurred during such period, setting forth a description of such Default or Event of Default and specifying the action, if any, taken
by the Borrower to remedy the same. Such certificate shall also set forth the calculations supporting such statements in respect of Section&nbsp;8.15
of this Agreement.</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">Documents required to be delivered pursuant to Section 8.4(a),
(b), (d) or (g) (to the extent any such documents are included in materials otherwise filed with the SEC) may be delivered electronically
and if so delivered, shall be deemed to have been delivered on the date (i) on which either (A) such materials are publicly available
as posted on the Electronic Data Gathering, Analysis and Retrieval system (EDGAR) or (B) the Borrower posts such documents, or provides
a link thereto on the Borrower&rsquo;s website on the Internet at the website address http://www.hubgroup.com; or (ii) on which such documents
are posted on the Borrower's behalf on an Internet or intranet website, if any, to which each Lender and the Administrative Agent have
access (whether a commercial, third-party website or whether sponsored by the Administrative Agent); provided that (x) upon request by
the Administrative Agent, the Borrower shall deliver paper copies of such documents to the Administrative Agent or any Lender that requests
the Borrower to deliver such paper copies until a written request to cease delivering paper copies is given by the Administrative Agent
or such Lender and (y) the Borrower shall notify the Administrative Agent and each Lender (by telecopy or e-mail) of the posting of any
such documents and provide to the Administrative Agent by e-mail electronic versions (i.e., soft copies) of such documents.</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><I>Section&nbsp;8.5.</I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Subsidiaries&rsquo; Guaranties and Indebtedness</I>
Section<I>. </I> The Borrower shall not permit any Subsidiary
(other than Hub Chicago) to, issue, incur, assume, create or have outstanding any Indebtedness, or incur liabilities under any Hedging
Agreement, or be or become liable as endorser, guarantor, surety or otherwise for any Indebtedness of any other Person; <I>provided, however,</I>
that the foregoing shall not restrict nor operate to prevent:</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the obligations of the Guarantors under the Guaranty
Agreements;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;so long as such Subsidiary is a Guarantor, (x)&nbsp;guaranties
entered into by such Person of Indebtedness of the Borrower and (y)&nbsp;guaranties entered into by such Person of any Indebtedness of
another Subsidiary that is permitted under the terms of this Section&nbsp;8.5;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

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<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indebtedness of any Subsidiary owed to the Borrower
or any Guarantor;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indebtedness of a Subsidiary acquired after the date
hereof by any member of the Hub Group and guarantied obligations incurred and outstanding on or prior to the date on which such Subsidiary
was acquired by such member of the Hub Group, <I>provided</I> such Indebtedness or guaranty was not created in contemplation of such Acquisition;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indebtedness financing chassis, containers, trailers
and tractors (including refrigeration units attached thereto), and Indebtedness incurred to finance, refinance or refund the purchase,
lease, construction or repair of Property (which, with respect to real property, may be secured by a mortgage);</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indebtedness or guaranteed obligations extending the
maturity of, or refunding or refinancing, in whole or in part, any indebtedness permitted by subsection (d) or (e) of this Section&nbsp;8.5,
<I>provided</I> that such extension, refunding or refinancing indebtedness has an aggregate principal amount (or if incurred with original
issue discount, an aggregate issue price) that does not exceed the aggregate principal amount (or if incurred with original issue discount,
the aggregate accreted value) then outstanding or committed (plus fees and expenses, including any premium and defeasance cost) under
the indebtedness being extended, refunded or refinanced;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Hedging Liability and Bank Product Obligations
of the Loan Parties and their Subsidiaries owing to the Administrative Agent and the Lenders (and their Affiliates) and (ii) other hedging
obligations entered into in the ordinary course of business;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indebtedness secured by Liens permitted by Section&nbsp;8.6(i)
or (n);</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;indebtedness of any Subsidiary arising from customary
agreements providing for indemnification, adjustment of purchase price or similar obligations (including any earnout obligation or similar
deferred or contingent obligation of any Subsidiary incurred or created in connection with a Permitted Acquisition), in each case, incurred
or assumed in connection with the acquisition or disposition of any business, fixed or capital asset or a Subsidiary;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;obligations of any Subsidiary in respect of bid, performance,
surety or appeal bonds and completion guaranties provided in the ordinary course of business;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;indebtedness of any Subsidiary arising from the honoring
by a bank or other financial institution of a check, draft or similar instrument inadvertently (except in the case of daylight overdrafts)
drawn against insufficient funds in the ordinary course of business;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;indebtedness of any Subsidiary in connection with
guaranties resulting from endorsement of negotiable instruments in the ordinary course of business;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

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<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;indebtedness of any Subsidiary in connection with
guarantied obligations of purchase money indebtedness of driver/operator equipment purchases in an amount not to exceed $50,000,000 in
the aggregate at any one time outstanding, including refinancings thereof;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;mortgage financing for Borrower&rsquo;s headquarters
campus secured solely by a mortgage on such property in a principal amount not to exceed $70,000,000; and</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(o)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indebtedness and guarantied obligations in addition
to that otherwise permitted by the foregoing provisions of this Section&nbsp;8.5, <I>provided</I> that on the date the applicable Subsidiary
incurs such Indebtedness or guaranty and immediately after giving effect thereto and the concurrent retirement of any indebtedness, the
aggregate outstanding principal amount of all Indebtedness and guarantied obligations of Subsidiaries permitted by this subsection&nbsp;(o)
does not exceed $50,000,000.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;8.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens</I> <I>.</I> The Borrower shall not, nor shall the Borrower permit any Subsidiary to, create, incur or permit to exist any Lien of any
kind on any Property owned by any such Person; <I>provided, however,</I> that the foregoing shall not apply to nor operate to prevent:</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens arising in connection with worker&rsquo;s compensation,
unemployment insurance, old age benefits, social security obligations, taxes, assessments, statutory obligations, or other similar charges
and Liens in the nature of good faith cash deposits in connection with warranty obligations, bids, tenders, contracts, or leases to which
any member of the Hub Group is a party or other cash deposits required to be made in the ordinary course of business, provided that, in
each case the obligation is not for borrowed money and that the obligation secured is not overdue for more than 30 days or, if overdue
for more than 30 days, is being contested in good faith by appropriate proceedings if adequate reserves with respect thereto are maintained
on the books of the applicable Person;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;mechanics&rsquo;, workmen&rsquo;s, materialmen&rsquo;s,
landlords&rsquo;, carriers&rsquo; and other similar Liens arising in the ordinary course of business with respect to obligations that
are not overdue for a period of more than 30&nbsp;days or which are being contested in good faith by appropriate proceedings if adequate
reserves with respect thereto are maintained on the books of the applicable Person;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;judgment Liens in respect of judgments that do not
constitute an Event of Default and Liens arising from the pledge of assets for the purpose of securing an appeal, stay or discharge in
the course of any legal proceeding, <I>provided</I> that any judgment secured thereby shall not constitute an Event of Default;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;banker&rsquo;s Liens and similar Liens (including
set-off rights) in respect of bank deposits and Liens of securities intermediaries on securities accounts;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the retained interest of a lessor in connection with
any lease;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

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<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;easements, rights-of-way, restrictions and other similar
encumbrances incurred in the ordinary course of business which do not materially detract from the value of the Property subject thereto;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;licenses, sublicenses, leases or subleases granted
in the ordinary course of business;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Liens securing any indebtedness or other obligations
permitted under Sections&nbsp;8.5(d), 8.5(e) and 8.5(f) hereof, solely to the extent such Liens were in existence at the time of the applicable
Acquisition; (ii) Liens on containers, tractors, trailers and chassis in connection with the Indebtedness financing the same and purchase
money Liens on driver/operator equipment permitted by Section 8.5(m); and (iii) Liens permitted by Section 8.5(n);</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens on Property of any member of the Hub Group created
solely for the purpose of securing indebtedness representing or incurred to finance, refinance or refund the purchase, lease, construction
or repair of Property, <I>provided</I> that no such Lien shall extend to or cover other Property of any member of the Hub Group other
than the respective Property so acquired (and assets affixed or appurtenant thereto), and the principal amount of indebtedness secured
by any such Lien shall at no time exceed the original purchase price of such Property;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens in favor of issuers of surety bonds or letters
of credit and bankers&rsquo; acceptances issued pursuant to the request of and for the account of such Person in the ordinary course of
its business;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens on property or shares of capital stock of another
Person at the time such other Person becomes a Subsidiary of the Borrower; <I>provided, however,</I> that the Liens may not extend to
any other property owned by the Hub Group (other than assets and property affixed or appurtenant thereto);</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens on property at the time Hub Group acquires the
property, including any acquisition by means of a merger or consolidation with or into any member of the Hub Group; <I>provided, however,</I>
that the Liens may not extend to any other property owned by the Hub Group (other than assets and property affixed or appurtenant thereto);</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens encumbering any Property to secure or support
obligations under or in respect of interest rate, foreign currency, and commodity Hedging Agreements entered into with financial institutions
in connection with bona fide hedging activities in the ordinary course of business and not for speculative purposes; and</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens in addition to those otherwise permitted by
the foregoing provisions of this Section&nbsp;8.6 securing Indebtedness in an aggregate amount not to exceed $50,000,000 at any one time
outstanding.</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;8.7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Acquisitions</I>. The Borrower shall not, nor shall the Borrower permit any Subsidiary to, use any proceeds of the Loans and other extensions
of credit hereunder to make any Acquisition other than Permitted Acquisitions.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;8.8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mergers, Consolidations
and Sales .</I> (a)&nbsp;The Borrower shall not, nor shall the Borrower permit any Subsidiary to, be a party to any merger or consolidation;
<I>provided, however,</I> that this Section shall not apply to nor operate to prevent any consolidation or merger so long as:</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;in the case of such a transaction involving the Borrower,
the Borrower is the surviving or continuing corporation;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;subject to the provisions of clause (i) above, in
the case of such a transaction involving a Guarantor, the Borrower or another Guarantor is the surviving or continuing corporation; and</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;at the time of such merger or consolidation and
immediately after giving effect thereto, no Default or Event of Default shall occur or be continuing.</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrower shall not permit the Hub Group to sell, transfer,
lease or otherwise dispose of all or any substantial part of its Property in a single transaction or a series of transactions, including
any disposition of Property as a part of a sale leaseback transaction unless after giving effect to such sale, transfer, lease or other
disposal the Hub Group shall be in compliance with the covenants contained in Section 8.15(a) on a <I>pro forma</I> basis (calculated
as of the end of the most recently ended fiscal quarter of Borrower), which <I>pro forma</I> covenant compliance shall be satisfactorily
evidenced by the delivery to the Administrative Agent by the chief executive officer, president, chief financial officer or controller
of Borrower of a duly executed Compliance Certificate.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;8.9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restricted Payments</I>. The Borrower shall
not make a Restricted Payment unless (i) immediately prior to the making thereof and after giving effect thereto no Default or Event of
Default would exist or result therefrom and (ii) Borrower&rsquo;s Total Net Leverage Ratio, calculated on a <I>pro forma </I>basis after
giving effect to such Restricted Payment, would not exceed 3.00 to 1.00. For purposes of this Agreement, <I>&ldquo;Restricted Payment&rdquo;
</I>means (a)&nbsp;the declaration or payment of any dividends on or the making of any other distributions in respect of any class or
series of the Borrower&rsquo;s capital stock (other than dividends payable solely in its capital stock) or (b)&nbsp;the direct or indirect
purchase, redemption or other acquisition or retirement of any of the Borrower&rsquo;s capital stock. Notwithstanding anything to the
contrary herein, this Section shall not prevent the Borrower from paying any dividend within 60 days after the date of its declaration,
if at such date of declaration, such dividend would (if then paid) have been permitted to be paid under this Section.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;8.10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ERISA</I>.
The Borrower shall, and the Borrower shall cause each Subsidiary which is a member of its Controlled Group to, promptly pay and discharge
all obligations and liabilities arising under ERISA of a character which if unpaid or unperformed would reasonably be expected to result
in the imposition of a Lien against any of its Properties. The Borrower shall, and the Borrower shall cause each Subsidiary which is
a member of its Controlled Group to, promptly notify the Administrative Agent of (i)&nbsp;the occurrence of any reportable event (as
defined in Section&nbsp;4043B of ERISA, other than an event for which the 30-day notice requirement has been waived) with respect to
a Plan, (ii)&nbsp;receipt of any notice from the PBGC of its intention to seek termination of any Plan or appointment of a trustee therefor,
(iii)&nbsp;its intention to terminate a Plan or withdraw from any Multiemployer Plan, in each case, to the extent such event could be
reasonably expected to result in a material liability for the Borrower, and (iv)&nbsp;the occurrence of any event with respect to any
Plan or Multiemployer Plan which would result in the incurrence by any member of the Controlled Group of any material liability, fine
or penalty, or any material increase in the contingent liability of any member of the Controlled Group with respect to any post-retirement
Welfare Plan benefit, which liability, contingent liability, fine or penalty would have a Material Adverse Effect.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;8.11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Compliance with Laws</I>. The Borrower shall,
and the Borrower shall cause each Subsidiary to, comply with the requirements of all federal, state and local laws, rules, regulations,
ordinances and orders applicable to or pertaining to their Properties or business operations, non-compliance with which would have a Material
Adverse Effect.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;8.12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
Changes in Fiscal Year</I>. No member of the Hub Group shall change its fiscal year from its present basis without prior written notice
to the Administrative Agent; <I>provided, however,</I> that entities acquired by the Hub Group may change their fiscal year to the fiscal
year of the Hub Group.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;8.13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in the Nature of Business</I>. The
Borrower will not, and will not permit any Subsidiary to, engage to any material extent in any business other than those businesses conducted
by the Borrower and its Subsidiaries on the date hereof or any business reasonably related or incidental thereto or representing a reasonable
expansion thereof.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;8.14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Guaranty</I>. Subject to the proviso contained
in Section&nbsp;11.1 hereof, as a condition to establishing or acquiring any Material Subsidiary, unless the Administrative Agent and
the Required Lenders otherwise agrees in their sole discretion, the Borrower shall (i)&nbsp;cause such Material Subsidiary to execute
a Guaranty Agreement, (ii)&nbsp;cause such Material Subsidiary to deliver documentation similar to that described in Sections&nbsp;7.2(c),
7.2(d), 7.2(e) and, if requested by the Administrative Agent, 7.2(i) hereof relating to the authorization for, execution and delivery
of, and validity of, such Material Subsidiary&rsquo;s obligations as a Guarantor and otherwise hereunder in form and substance reasonably
satisfactory to the Administrative Agent, and (iii)&nbsp;deliver an updated Schedule&nbsp;6.3 to reflect the new Material Subsidiary.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;8.15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial Covenants</I>.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Maximum Total Net Leverage Ratio.</I> The Hub Group shall,
as of the close of each fiscal quarter of the Borrower, maintain a Total Net Leverage Ratio of not more than 3.00 to 1.00; <I>provided,
however, </I>that as of the close of each of the four fiscal quarters occurring after the consummation of a Permitted Acquisition with
aggregate consideration of $150,000,000 or more, the Total Net Leverage Ratio shall not be more than 3.50 to 1.00 (any such event, an
<I>&ldquo;Acquisition Holiday&rdquo;</I>).</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Minimum
Interest Coverage Ratio</I>. The Hub Group shall, as of the close of each fiscal quarter of the Borrower, maintain an Interest Coverage
Ratio of not less than 3.00 to 1.00.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;8.16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Compliance with Sanctions Programs. </I>
(a)&nbsp;With respect to the use of the proceeds under this Agreement, each Loan Party shall at all times comply in all material respects
with the requirements of Sanctions Programs applicable to such Loan Party and shall cause each of its Subsidiaries to comply with the
requirements of all Sanctions Programs applicable to such Subsidiary.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Loan Party shall provide the Administrative Agent and the
Lenders any information regarding the Loan Parties, their Affiliates, and their Subsidiaries necessary for the Administrative Agent and
the Lenders to comply with all applicable Sanctions; subject, however, in the case of Affiliates, to such Loan Party&rsquo;s ability to
provide information applicable to them.</P>

<P STYLE="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any Loan Party obtains actual knowledge or receives any written
notice that any Loan Party, any Affiliate or any Subsidiary is a Sanctioned Person, such Loan Party shall promptly (i) give written notice
to the Administrative Agent and the Lenders thereof, and (ii) comply with all Applicable Laws with respect to Sanctions, and the Loan
Parties acknowledge that the Administrative Agent and the Lenders shall take any and all steps the Administrative Agent and the Lenders
deem necessary, in their sole but reasonable discretion, to comply with Applicable Laws with respect to the requirements of the Sanctions
(including the freezing and/or blocking of assets and reporting such action to the applicable Sanctions authority).</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrower shall not, and shall not permit any other Subsidiary
and their respective officers and employees to, directly or, to its knowledge, indirectly, use the proceeds of any Credit Event or lend,
contribute or otherwise make available such proceeds to any Subsidiary, joint venture partner or other individual or entity, to fund any
activities of or business with any individual or entity that is the subject of Sanctions, or in any Designated Jurisdiction, that, at
the time of such funding or use, as applicable, would be in violation of Sanctions.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section 8.17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Anti-Corruption Laws. </I>The Borrower
shall not, and shall not permit any other Subsidiary and their respective officers and employees to, directly or, to its knowledge, indirectly,
use the proceeds of any Credit Event or lend, contribute or otherwise make available such proceeds to any Subsidiary, joint venture partner
or other individual or entity, for any purpose that would breach the Anti-Corruption Laws.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section 8.18.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Outbound Investment Rules . </I> Neither the Borrower
will, nor will the Borrower permit any of its Subsidiaries to, (a) be or become a &ldquo;covered foreign person&rdquo;, as that term is
defined in the Outbound Investment Rules, or (b) engage, directly or indirectly, in (i) a &ldquo;covered activity&rdquo; or a &ldquo;covered
transaction&rdquo;, as each such term is defined in the Outbound Investment Rules, (ii) any activity or transaction that would constitute
a &ldquo;covered activity&rdquo; or a &ldquo;covered transaction&rdquo;, as each such term is defined in the Outbound Investment Rules,
if such Transaction Party were a U.S. Person or (iii) any other activity that would cause the Administrative Agent or any Lender to be
in violation of the Outbound Investment Rules or cause the Administrative Agent or any Lender to be legally prohibited by the Outbound
Investment Rules from performing under this Agreement.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 8%; font-size: 10pt; font-variant: small-caps; text-align: left; text-indent: 0pt; padding-left: 0pt">Section&nbsp;9.</TD>
    <TD STYLE="width: 92%; font-size: 10pt; font-variant: small-caps; text-align: left">Events of Default
and Remedies.</TD></TR>
  </TABLE>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;9.1.</I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Events of Default.</I> Any one or more
of the following shall constitute an <I>&ldquo;Event of Default&rdquo;</I> hereunder:</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;default in the payment when due of all or any part
of the principal of any Loan (whether at the stated maturity thereof or at any other time provided for in this Agreement) or of any Reimbursement
Obligation; or</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;default for more than five (5) Business Days in the
payment when due of any part of the interest on any Loan (whether at the stated maturity thereof or at any other time provided for in
this Agreement) or in the payment when due of any fee or other Obligation payable by the Borrower hereunder or under any other Loan Document;
or</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;default in the observance or performance of Section&nbsp;8.5
hereof if the aggregate amount of Indebtedness incurred in contravention of such Section (whether or not in the same transaction) exceeds
$1,000,000; default in the observance or performance of Section&nbsp;8.6 hereof if the amount of obligations secured by Liens prohibited
by such Section (whether or not in the same transaction) exceeds $1,000,000; or default in the observance or performance of Sections&nbsp;8.8,
8.9 or 8.15 hereof; or</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;default in the observance or performance of any other
provision hereof or of any other Loan Document which default in each case is not remedied within 30 days after the earlier of (i)&nbsp;the
date on which such failure shall first become known to any executive officer of the Borrower or (ii)&nbsp;written notice thereof is given
to the Borrower by the Administrative Agent; or</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any representation or warranty made by any Loan Party
herein or in any other Loan Document, or in any statement or certificate furnished by it pursuant hereto or thereto, or in connection
with any extension of credit made hereunder, proves untrue in any material respect as of the date of the issuance or making thereof; or</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any of the Loan Documents shall for any reason not
be or shall cease to be in full force and effect with respect to any Loan Party, or any of the Loan Documents is declared to be null and
void as a result of any challenge brought by any Loan Party; or</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;default shall occur under any Indebtedness issued,
assumed or guarantied by any member of the Hub Group in an aggregate amount exceeding $50,000,000, or under any indenture, agreement or
other instrument under which the same may be issued, and such default shall have resulted in the acceleration of the maturity of any such
Indebtedness; or</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any judgment or judgments, writ or writs, or warrant
or warrants of attachment, or any similar process or processes in an aggregate amount more than $50,000,000 in excess of the amount covered
by insurance from an insurer who has acknowledged its liability thereon shall be entered or filed against any member of the Hub Group
or against any of their Property and which remains unvacated, unbonded, unstayed or unsatisfied for a period of 30 days; or</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

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<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Borrower or any member of its Controlled Group
shall fail to pay when due an amount or amounts aggregating in excess of $50,000,000 which it shall have become liable to pay to the PBGC,
a Plan or a Multiemployer Plan under Title&nbsp;IV of ERISA; or notice of intent to terminate a Plan or Plans having aggregate Unfunded
Vested Liabilities in excess of $50,000,000 shall be filed under Title&nbsp;IV of ERISA by the Borrower or any other member of its Controlled
Group, any plan administrator or any combination of the foregoing; or the PBGC shall institute proceedings under Title&nbsp;IV of ERISA
to terminate or to cause a trustee to be appointed to administer any Multiemployer Plan or a proceeding shall be instituted by a fiduciary
of any Multiemployer Plan against the Borrower or any member of its Controlled Group to enforce payment of a withdrawal liability in excess
of $50,000,000 under Section&nbsp;515 or 4219(c)(5) of ERISA and such proceeding shall not have been dismissed within 30 days thereafter;
or</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any Loan Party shall (i)&nbsp;have entered involuntarily
against it an order for relief under the United States Bankruptcy Code, (ii)&nbsp;not pay, or admit in writing its inability to pay, its
debts generally as they become due, (iii)&nbsp;make an assignment for the benefit of creditors, (iv)&nbsp;apply for, seek, consent to,
or acquiesce in, the appointment of a receiver, custodian, trustee, examiner, liquidator or similar official for it or any substantial
part of its Property, (v)&nbsp;institute any proceeding seeking to have entered against it an order for relief under the United States
Bankruptcy Code to adjudicate it insolvent, or seeking dissolution, winding up, liquidation, reorganization, arrangement, adjustment or
composition of it or its debts under any law relating to bankruptcy, insolvency or reorganization or relief of debtors or fail to file
an answer or other pleading denying the material allegations of any such proceeding filed against it, (vi) take any corporate action in
furtherance of any matter described in parts (i) through (v) above, or (vii)&nbsp;fail to contest in good faith any appointment or proceeding
described in Section&nbsp;9.1(k) hereof; or</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a custodian, receiver, trustee, examiner, liquidator
or similar official shall be appointed for any Loan Party or any substantial part of any of its Property, or a proceeding described in
Section&nbsp;9.1(j)(v) shall be instituted against any Loan Party, and such appointment continues undischarged or such proceeding continues
undismissed or unstayed for a period of 60 days; or</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the occurrence of a Change of Control Event.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;9.2.</I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Non-Bankruptcy Defaults.</I> When
any Event of Default (other than those described in subsection&nbsp;(j) or (k) of Section&nbsp;9.1 with respect to the Borrower) has
occurred and is continuing, the Administrative Agent shall, by written notice to the Borrower: (a)&nbsp;if so directed by the
Required Lenders, terminate the remaining Commitments and all other obligations of the Lenders hereunder on the date stated in such
notice (which may be the date thereof); (b)&nbsp;if so directed by the Required Lenders, declare the principal of and the accrued
interest on all outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and
interest thereon, shall be and become immediately due and payable together with all other amounts payable under the Loan Documents
without further demand, presentment, protest or notice of any kind; and (c)&nbsp;if so directed by the Required Lenders, demand that
the Borrower immediately deliver to the Administrative Agent Cash Collateral in an amount equal to 105% of the aggregate amount of
each Letter of Credit then outstanding, and the Borrower agree to immediately make such payment and acknowledges and agrees that the
Lenders would not have an adequate remedy at law for failure by the Borrower to honor any such demand and that the Administrative
Agent, for the benefit of the Lenders, shall have the right to require the Borrower to specifically perform such undertaking whether
or not any drawings or other demands for payment have been made under any Letter of Credit. In addition, the Administrative Agent
may exercise on behalf of itself, the Lenders and the L/C Issuer all rights and remedies available to it, the Lenders and the L/C
Issuer under the Loan Documents or Applicable Law or equity when any such Event of Default has occurred and is continuing. The
Administrative Agent shall give notice to the Borrower under Section&nbsp;9.1(d) promptly upon being requested to do so by any
Lender. The Administrative Agent, after giving notice to the Borrower pursuant to Section&nbsp;9.1(d) or this Section&nbsp;9.2,
shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect
of such notice.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;9.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bankruptcy Defaults</I>. When any Event of Default described in subsections&nbsp;(j) or (k) of Section&nbsp;9.1 with respect to
the Borrower has occurred and is continuing, then all outstanding Loans shall immediately become due and payable together with all other
amounts payable under the Loan Documents without presentment, demand, protest or notice of any kind, the obligation of the Lenders to
extend further credit pursuant to any of the terms hereof shall immediately terminate and the Borrower shall immediately deliver to the
Administrative Agent Cash Collateral in an amount equal to 105% of the aggregate amount of each Letter of Credit then outstanding, the
Borrower acknowledging and agreeing that the Lenders would not have an adequate remedy at law for failure by the Borrower to honor any
such demand and that the Lenders, and the Administrative Agent on their behalf, shall have the right to require the Borrower to specifically
perform such undertaking whether or not any draws or other demands for payment have been made under any of the Letters of Credit. In addition,
the Administrative Agent may exercise on behalf of itself, the Lenders and the L/C Issuer all rights and remedies available to it, the
Lenders and the L/C Issuer under the Loan Documents or Applicable Law or equity when any such Event of Default has occurred and is continuing.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;9.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Collateral for Undrawn Letters of Credit</I>. (a)&nbsp;If the prepayment of the amount available for drawing
under any or all outstanding Letters of Credit is required under any of Sections&nbsp;2.2(b), 2.7(b), 2.12, 2.13, 9.2 or 9.3 above, the
Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection&nbsp;(b)
below.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All amounts prepaid pursuant to subsection&nbsp;(a) above shall
be held by the Administrative Agent in one or more separate collateral accounts (each such account, and the credit balances, properties,
and any investments from time to time held therein, and any substitutions for such account, any certificate of deposit or other instrument
evidencing any of the foregoing and all proceeds of and earnings on any of the foregoing being collectively called the <I>&ldquo;Collateral
Account&rdquo;</I>) as security for, and for application by the Administrative Agent (to the extent available) to, the reimbursement of
any payment under any Letter of Credit then or thereafter made by the L/C&nbsp;Issuer, and to the payment of the unpaid balance of all
other Obligations, Hedging Liability and Bank Product Obligations. The Collateral Account shall be held in the name of and subject to
the exclusive dominion and control of the Administrative Agent for the benefit of the Administrative Agent, the Lenders, and the L/C&nbsp;Issuer.
If and when requested by the Borrower, the Administrative Agent shall invest funds held in the Collateral Account from time to time in
direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the United States of America
with a remaining maturity of one year or less; <I>provided</I> that the Administrative Agent is irrevocably authorized to sell investments
held in the Collateral Account when and as required to make payments out of the Collateral Account for application to amounts due and
owing from the Borrower to the L/C&nbsp;Issuer, the Administrative Agent or the Lenders. Subject to the terms of Sections&nbsp;2.12 and
2.13, if the Borrower shall have made payment of all obligations referred to in subsection&nbsp;(a) above required under Section&nbsp;2.7(b),
at the request of the Borrower the Administrative Agent shall release to the Borrower amounts held in the Collateral Account so long as
at the time of the release and after giving effect thereto no Default or Event of Default exists. After all Letters of Credit have expired
or been cancelled and the expiration or termination of all Commitments, at the request of the Borrower, the Administrative Agent shall
release any remaining amounts held in the Collateral Account following payment in full in cash of all Obligations, Hedging Liability and
Bank Product Obligations. The Borrower hereby grants the Administrative Agent, for the benefit of the Lenders, a security interest in
and lien on any and all cash collateral paid into the Collateral Account in accordance with this Agreement and agrees to execute any documentation
reasonably required by the Administrative Agent to perfect its security interest in the Collateral Account.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;9.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Post-Default Collections</I>. Anything contained
herein or in the other Loan Documents to the contrary notwithstanding (including Section&nbsp;2.7(b)) all payments and collections received
in respect of the Obligations and payments made under or in respect of the Guaranty Agreements received, in each instance, by the Administrative
Agent or any of the Lenders after acceleration or the final maturity of the Obligations or termination of the Commitments as a result
of an Event of Default shall be remitted to the Administrative Agent and distributed as follows:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>first</I>, to the payment of any outstanding costs
and expenses incurred by the Administrative Agent in protecting, preserving or enforcing rights under the Loan Documents, and in any event
including all costs and expenses of a character which the Loan Parties have agreed to pay the Administrative Agent under Section&nbsp;13.4
(such funds to be retained by the Administrative Agent for its own account unless it has previously been reimbursed for such costs and
expenses by the Lenders, in which event such amounts shall be remitted to the Lenders to reimburse them for payments theretofore made
to the Administrative Agent);</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>second</I>, to the payment of any outstanding interest
and fees due under the Loan Documents to be allocated pro rata in accordance with the aggregate unpaid amounts owing to each holder thereof;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>third</I>, to the payment of principal on the Loans
and unpaid Reimbursement Obligations, together with amounts to be held by the Administrative Agent as collateral security for any outstanding
L/C&nbsp;Obligations pursuant to Section&nbsp;9.4 (until the Administrative Agent is holding an amount of cash equal to 105% of the then
outstanding amount of all such L/C&nbsp;Obligations), to be allocated pro rata in accordance with the aggregate unpaid amounts owing to
each holder thereof;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

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<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>fourth</I>, to the payment of all other unpaid
Obligations and all other indebtedness, obligations, and liabilities of the Borrower and its Subsidiaries under the Loan Documents (including
Hedging Liability and Bank Product Obligations) to be allocated pro rata in accordance with the aggregate unpaid amounts owing to each
holder thereof; and</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>finally</I>, to the Borrower or whoever else may
be lawfully entitled thereto.</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; text-indent: -84.95pt; margin: 0pt 0 0pt 84.95pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 8%; font-size: 10pt; font-variant: small-caps; text-align: left; text-indent: 0pt; padding-left: 0pt">Section&nbsp;10.</TD>
    <TD STYLE="width: 92%; font-size: 10pt; font-variant: small-caps; text-align: left">The Administrative
Agent</TD></TR>
  </TABLE>

<P STYLE="margin: 0pt 0 0pt 84.95pt; font-size: 10pt; font-variant: small-caps; text-indent: -84.95pt"></P>

<P STYLE="margin: 0pt 0 0pt 84.95pt; font-size: 10pt; font-variant: small-caps; text-indent: -84.95pt">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;10.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Appointment and Authority</I>. Each of the
Lenders and the L/C Issuers hereby irrevocably appoints Bank of Montreal 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 Section&nbsp;10 are solely for the benefit of the Administrative Agent, the Lenders and the L/C Issuers,
and neither the Borrower nor any other Loan Party shall have rights as a third-party beneficiary of any of such provisions, other than
as set forth in Sections 10.6 and 10.9. 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="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;10.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rights as a Lender</I>. 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, the Borrower or any Subsidiary or other Affiliate
thereof as if such Person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;10.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Action by Administrative Agent; Exculpatory
Provisions</I>. (a)&nbsp;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 and its Related Parties:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;shall not be subject to any fiduciary or other implied
duties, regardless of whether a Default has occurred and is continuing;</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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), <I>provided</I> 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. The Administrative Agent shall in all cases be fully justified in failing or
refusing to act hereunder or under any other Loan Document unless it first receives any further assurances of its indemnification from
the Lenders that it may require, including prepayment of any related expenses and any other protection it requires against any and all
costs, expense, and liability which may be incurred by it by reason of taking or continuing to take any such action; and</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;shall not, except as expressly set forth herein
and in the other Loan Documents, have any duty or responsibility to disclose, and shall not be liable for the failure to disclose, any
information relating to any Loan Party or any of its Affiliates that is communicated to or obtained by the Person serving as the Administrative
Agent or any of its Affiliates in any capacity.</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither the Administrative Agent nor any of its Related Parties
shall be liable for any action taken or not taken by the Administrative Agent under or in connection with this Agreement or any other
Loan Document or the transactions contemplated hereby or thereby (i)&nbsp;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 Sections&nbsp;9.2, 9.3, 9.4, 9.5 and 13.3), or (ii)&nbsp;in the absence of its own
gross negligence, bad faith or willful misconduct as determined by a court of competent jurisdiction by final and nonappealable judgment.
Any such action taken or failure to act pursuant to the foregoing shall be binding on all Lenders. 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
the Borrower, a Lender, or the L/C Issuer.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither the Administrative Agent nor any of its Related Parties
shall be responsible for or have any duty or obligation to any Lender or L/C Issuer or participant or any other Person to ascertain or
inquire into (i)&nbsp;any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document,
(ii)&nbsp;the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith,
(iii)&nbsp;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)&nbsp;the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan
Document or any other agreement, instrument or document, or (v)&nbsp;the satisfaction of any condition set forth in Section&nbsp;7.1 or
7.2 or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;10.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reliance by Administrative Agent</I>. The
Administrative Agent shall be entitled to rely upon, and shall be fully protected in relying and shall not incur any liability for relying
upon, any notice, request, certificate, communication, 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 be fully protected in relying and shall not incur any liability for relying thereon.
In determining compliance with any condition hereunder to the making of a Loan, or the issuance, extension, renewal or increase of a Letter
of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or an L/C Issuer, the Administrative Agent may presume
that such condition is satisfactory to such Lender or L/C Issuer unless the Administrative Agent shall have received notice to the contrary
from such Lender or L/C 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 Loan Parties), independent accountants and other experts selected by it, and shall
not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;10.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delegation of Duties</I>. 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
Section 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 Revolving 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 gross negligence,
bad faith or willful misconduct in the selection of such sub-agents.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;10.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Resignation of Administrative Agent</I>. (a)&nbsp;The
Administrative Agent may at any time give notice of its resignation to the Lenders, the L/C Issuers and the Borrower. Upon receipt of
any such notice of resignation, the Required Lenders shall have the right, in consultation with the Borrower, to appoint a successor,
which shall be a bank with an office in the United States of America, or an Affiliate of any such bank with an office in the United States
of America. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within
thirty&nbsp;(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 <I>&ldquo;Resignation Effective Date&rdquo;</I>), then the retiring Administrative Agent may (but shall
not be obligated to), on behalf of the Lenders and the L/C Issuers, appoint a successor Administrative Agent meeting the qualifications
set forth above; provided that in no event shall any such successor Administrative Agent be a Defaulting Lender. 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="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Person serving as Administrative Agent is a Defaulting
Lender, the Required Lenders may, to the extent permitted by Applicable Law, by notice in writing to the Borrower and such Person remove
such Person as Administrative Agent and, in consultation with the Borrower, appoint a successor. If no such successor shall have been
so appointed by the Required Lenders and shall have accepted such appointment within 30 days (or such earlier day as shall be agreed by
the Required Lenders) (the &ldquo;<I>Removal Effective Date</I>&rdquo;), then such removal shall nonetheless become effective in accordance
with such notice on the Removal Effective Date.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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, and (ii)&nbsp;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 Issuer directly, until such time, if any, as the Required Lenders appoint a successor Administrative Agent as
provided for above. Upon the acceptance of a successor&rsquo;s appointment as Administrative Agent hereunder, such successor shall succeed
to and become vested with all of the rights, powers, privileges and duties of the retiring or removed Administrative Agent (other than
any rights to indemnity payments or other amounts owed to the retiring or removed Administrative Agent), and the retiring or removed Administrative
Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents. The fees payable by the
Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the
Borrower and such successor. After the retiring or removed Administrative Agent&rsquo;s resignation hereunder and under the other Loan
Documents, the provisions of this Section&nbsp;10 and Section&nbsp;13.4 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>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;10.7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-Reliance on Administrative Agent and Other
Lenders</I>. Each Lender and L/C 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 Agreement. Each Lender and L/C 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 Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;10.8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;L/C Issuer and Swingline Lender.</I>  The L/C&nbsp;Issuer shall act on behalf of the Lenders with respect to any Letters
of Credit issued by it and the documents associated therewith, and the Swingline Lender shall act on behalf of the Lenders with respect
to the Swingline Loans made hereunder. The L/C&nbsp;Issuer and the Swingline Lender shall each have all of the benefits and immunities
(i)&nbsp;provided to the Administrative Agent in this Section&nbsp;10 with respect to any acts taken or omissions suffered by the L/C&nbsp;Issuer
in connection with Letters of Credit issued by it or proposed to be issued by it and the Applications pertaining to such Letters of Credit
or by the Swingline Lender in connection with Swingline Loans made or to be made hereunder as fully as if the term &ldquo;Administrative
Agent&rdquo;, as used in this Section&nbsp;10, included the L/C&nbsp;Issuer and the Swingline Lender with respect to such acts or omissions
and (ii)&nbsp;as additionally provided in this Agreement with respect to such L/C&nbsp;Issuer or Swingline Lender, as applicable. Any
resignation</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"></P>

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<P STYLE="margin: 0pt; text-indent: 0pt; font-size: 10pt; text-align: justify">by the Person then acting as Administrative Agent pursuant to Section&nbsp;10.6 shall also constitute its resignation or the
resignation of its Affiliate as L/C Issuer and Swingline Lender except as it may otherwise agree. Any L/C Issuer or Swingline Lender may
resign at any time by giving thirty (30) days&rsquo; prior notice to the Administrative Agent, the Lenders and the Borrower. If such Person
then acting as L/C Issuer so resigns, it shall retain all the rights, powers, privileges and duties of the L/C Issuer hereunder with respect
to all Letters of Credit outstanding as of the effective date of its resignation as L/C Issuer and all L/C Obligations with respect thereto,
including the right to require the Lenders to make Loans or fund risk participations in Reimbursement Obligations pursuant to Section&nbsp;2.2,
but shall not be required to issue additional Letters of Credit or to extend, renew or increase any existing Letter of Credit. If such
Person then acting as Swingline Lender resigns, 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 Lenders
to make Loans or fund risk participations in outstanding Swingline Loans pursuant to Section&nbsp;2.1(b), but shall not be required to
make any additional Swingline Loans. Upon the appointment by the Borrower of a successor L/C Issuer or Swingline Lender hereunder (which
successor shall in all cases be a Lender other than a Defaulting Lender), (i)&nbsp;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 (other than any rights
to indemnity payments or other amounts that remain owing to the retiring L/C Issuer or Swingline Lender), and (ii)&nbsp;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 other than with respect to its outstanding Letters of Credit and Swingline Loans, and (iii)&nbsp;upon the request of the resigning
L/C Issuer, 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 the resigning L/C Issuer to effectively assume the obligations of the
resigning L/C Issuer with respect to such Letters of Credit.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;10.9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Designation
of Additional Agents</I>. The Administrative Agent shall have the continuing right, for purposes hereof, at any time and from time to
time, with the consent of the Borrower, to designate one or more of the Lenders (and/or its or their Affiliates) as &ldquo;syndication
agents,&rdquo; &ldquo;documentation agents,&rdquo; &ldquo;book runners,&rdquo; &ldquo;lead arrangers,&rdquo; &ldquo;arrangers,&rdquo;
or other designations for purposes hereto, but such designation shall have no substantive effect, and such Lenders and their Affiliates
shall have no additional powers, duties or responsibilities as a result thereof.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;10.10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Authorization
to Release Guaranties.</I> The Administrative Agent is hereby irrevocably authorized by each of the Lenders, the L/C&nbsp;Issuer, and
their Affiliates (a) to release any Subsidiary from its obligations as a Guarantor if (i) such Person ceases to be a Subsidiary as a
result of a transaction permitted under the Loan Documents or (ii) such Person ceases to be a Material Subsidiary in accordance with
the definition thereof and (b) upon such release, to execute and deliver any instruments, documents and agreements necessary or desirable
to evidence and confirm the release of such Subsidiary. Upon the Administrative Agent&rsquo;s request, the Required Lenders will confirm
in writing the Administrative Agent&rsquo;s authority to release any Person from its obligations as a Guarantor under the Loan Documents.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;10.11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Authorization
of Administrative Agent to File Proofs of Claim.</I> 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 L/C Obligation
shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent
shall have made any demand on the Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise:</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 1in; text-indent: 0.5in; font-size: 10pt; text-align: justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 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 Lenders, the L/C Issuer and the Administrative
Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, the L/C Issuer and the
Administrative Agent and their respective agents and counsel and all other amounts due the Lenders, the L/C Issuer and the Administrative
Agent under the Loan Documents including Sections&nbsp;3.1, 4.4, 4.5, and 13.4) allowed in such judicial proceeding; and</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 1in; text-indent: 0.5in; font-size: 10pt; text-align: justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to collect and receive any monies or other property
payable or deliverable on any such claims and to distribute the same;</P>

<P STYLE="margin: 0pt 0pt 0pt 1in; text-indent: 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">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 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 Issuer, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements
and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under Sections&nbsp;3.1
and 13.4. Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt
on behalf of any Lender or L/C Issuer any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or
the rights of any Lender or L/C Issuer or to authorize the Administrative Agent to vote in respect of the claim of any Lender or L/C Issuer
in any such proceeding.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;10.12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hedging Liability and Bank Product Obligations</I>. By virtue of a Lender&rsquo;s execution of this Agreement
or an Assignment and Assumption pursuant to Section&nbsp;13.2, as the case may be, any Affiliate of such Lender with whom the Borrower
or any other Loan Party has entered into an agreement creating Hedging Liability or Bank Product Obligations shall be deemed a Lender
party hereto for purposes of any reference in a Loan Document to the parties for whom the Administrative Agent is acting, it being understood
and agreed that the rights and benefits of such Affiliate under the Loan Documents consist exclusively of such Affiliate&rsquo;s right
to share in payments and collections out of the Guaranty Agreements as more fully set forth in Section&nbsp;9.5. No holder of Hedging
Liability or Bank Product Obligations 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 other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the
Loan Documents. In connection with any such distribution of payments and collections, or any request for the release of the Guaranty Agreements
in connection with the termination of the Commitments and the payment in full of the Obligations, the Administrative Agent shall be entitled
to assume no amounts are due to any Lender or its Affiliate with respect to Hedging Liability or Bank Product Obligations unless such
Lender has notified the Administrative Agent in writing of the amount of any such liability owed to it or its Affiliate prior to such
distribution or payment or release of Guaranty Agreements.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
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    <TD STYLE="width: 8%; font-size: 10pt; font-variant: small-caps; text-align: left; text-indent: 0pt; padding-left: 0pt">Section 11.</TD>
    <TD STYLE="width: 92%; font-size: 10pt; font-variant: small-caps; text-align: left">Guaranty Agreement
Requirements.</TD></TR>
  </TABLE>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;11.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Guarantor Requirements</I>. The payment and performance of the Obligations shall at all times be guaranteed by each Material
Subsidiary pursuant to Section&nbsp;12 hereof or pursuant to one or more Guaranty Agreements; <I>provided, however,</I> that unless otherwise
required by the Required Lenders during the existence of any Event of Default, Material Subsidiaries which are Foreign Subsidiaries or
Foreign Partnerships shall not be required to be Guarantors hereunder if providing a Guaranty Agreement would cause an adverse effect
on the Borrower&rsquo;s federal income tax liability.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;11.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Further Assurances</I>. The Borrower agrees that it shall, and shall cause each Material Subsidiary to, execute and deliver such
documents and do such acts and things as the Administrative Agent may from time to time reasonably request in order to provide for the
guaranties contemplated hereby.</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; text-indent: -84.95pt; margin: 0pt 0 0pt 84.95pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 8%; font-size: 10pt; font-variant: small-caps; text-align: left; text-indent: 0pt; padding-left: 0pt">Section&nbsp;12.</TD>
    <TD STYLE="width: 92%; font-size: 10pt; font-variant: small-caps; text-align: left">The Guarantees</TD></TR>
  </TABLE>

<P STYLE="margin: 0pt 0 0pt 84.95pt; font-size: 10pt; font-variant: small-caps; text-indent: -84.95pt"></P>

<P STYLE="margin: 0pt 0 0pt 84.95pt; font-size: 10pt; font-variant: small-caps; text-indent: -84.95pt">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;12.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Guarantees</I> To induce the Lenders and L/C&nbsp;Issuer to provide the credits described herein and in consideration of benefits expected
to accrue to the Loan Parties by reason of the Commitments and for other good and valuable consideration, receipt of which is hereby
acknowledged, the Borrower and each Material Subsidiary and each other member of the Hub Group which executes and delivers a Guaranty
Agreement (the Borrower and such Material Subsidiaries and other members of the Hub Group being hereinafter referred to individually
as a <I>&ldquo;Guarantor&rdquo; </I>and collectively as the <I>&ldquo;Guarantors&rdquo;</I>) hereby unconditionally and irrevocably guarantees
jointly and severally to the Administrative Agent, the Lenders, and the L/C&nbsp;Issuer and their Affiliates, the due and punctual payment
of all present and future Obligations, Hedging Liability and Bank Product Obligations, including the due and punctual payment of principal
of and interest on the Loans, the Reimbursement Obligations, and the due and punctual payment of all other Obligations now or hereafter
owed by the Borrower under the Loan Documents and the due and punctual payment of all Hedging Liability and Bank Product Obligations
(collectively, <I>&ldquo;Guarantied Liabilities&rdquo;</I>), in each case as and when the same shall become due and payable, whether
at stated maturity, by acceleration, or otherwise, according to the terms hereof and thereof (including all interest, costs, fees, and
charges after the entry of an order for relief against the Borrower or such other obligor in a case under the United States Bankruptcy
Code or any similar proceeding, whether or not such interest, costs, fees and charges would be an allowed claim against the Borrower
or any such obligor in any such proceeding); <I>provided, however,</I> that, with respect to any Guarantor, Guarantied Liabilities guaranteed
by such Guarantor shall exclude all Excluded Swap Obligations. In case of failure by the Borrower or other obligors punctually to pay
any Guarantied Liabilities guaranteed hereby, each Guarantor hereby unconditionally agrees to make such payment or to cause such payment
to be made punctually as and when the same shall become due and payable, whether at stated maturity, by acceleration, or otherwise, and
as if such payment were made by the Borrower or such other obligors.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;12.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Guarantee Unconditional</I>. The
obligations of each Guarantor under this Section&nbsp;12 shall be unconditional and absolute and, without limiting the generality of the
foregoing, shall not be released, discharged, or otherwise affected by:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 1in; text-indent: 0.5in; font-size: 10pt; text-align: justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any extension, renewal, settlement, compromise, waiver,
or release in respect of any obligation of any Loan Party or other obligor or of any other guarantor under this Agreement or any other
Loan Document or by operation of law or otherwise;</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 1in; text-indent: 0.5in; font-size: 10pt; text-align: justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any modification or amendment of or supplement to
this Agreement or any other Loan Document or any agreement relating to Hedging Liability or Bank Product Obligations;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 1in; text-indent: 0.5in; font-size: 10pt; text-align: justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any change in the corporate existence, structure,
or ownership of, or any insolvency, bankruptcy, reorganization, or other similar proceeding affecting, any Loan Party or other obligor,
any other guarantor, or any of their respective assets, or any resulting release or discharge of any obligation of any Loan Party or other
obligor or of any other guarantor contained in any Loan Document;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 1in; text-indent: 0.5in; font-size: 10pt; text-align: justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the existence of any claim, set-off, or other rights
which any Loan Party or other obligor or any other guarantor may have at any time against the Administrative Agent, any Lender, the L/C&nbsp;Issuer
or any other Person, whether or not arising in connection herewith;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 1in; text-indent: 0.5in; font-size: 10pt; text-align: justify">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any failure to assert, or any assertion of, any claim
or demand or any exercise of, or failure to exercise, any rights or remedies against any Loan Party or other obligor, any other guarantor,
or any other Person or Property;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 1in; text-indent: 0.5in; font-size: 10pt; text-align: justify">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any application of any sums by whomsoever paid or
howsoever realized to any obligation of any Loan Party or other obligor, regardless of what obligations of any Loan Party or other obligor
remain unpaid;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 1in; text-indent: 0.5in; font-size: 10pt; text-align: justify">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any invalidity or unenforceability relating to or
against any Loan Party or other obligor or any other guarantor for any reason of this Agreement or of any other Loan Document or any agreement
relating to Hedging Liability or Bank Product Obligations or any provision of Applicable Law or regulation purporting to prohibit the
payment by any Loan Party or other obligor or any other guarantor of the principal of or interest on any Loan or any Reimbursement Obligation
or any other amount payable under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations; or</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 1in; text-indent: 0.5in; font-size: 10pt; text-align: justify">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any other act or omission to act or delay of any kind
by the Administrative Agent, any Lender, the L/C&nbsp;Issuer, or any other Person or any other circumstance whatsoever that might, but
for the provisions of this subsection, constitute a legal or equitable discharge of the obligations of any Guarantor under this Section&nbsp;12.</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;12.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Discharge Only upon Payment in Full; Reinstatement
in Certain Circumstances</I>. Each Guarantor&rsquo;s obligations under this Section&nbsp;12 shall remain in full force and
effect until the Commitments are terminated, all Letters of Credit have expired or been cancelled by the applicable L/C Issuer, and the
principal of and interest on the Loans and all other amounts payable by the Borrower and the other Loan Parties under this Agreement and
all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations shall have been paid
in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable
by any Loan Party or other obligor or any guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product
Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of such Loan Party
or other obligor or of any guarantor, or otherwise, each Guarantor&rsquo;s obligations under this Section&nbsp;12 with respect to such
payment shall be reinstated at such time as though such payment had become due but had not been made at such time.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;12.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subrogation</I>. Each Guarantor
agrees it will not exercise any rights which it may acquire by way of subrogation by any payment made hereunder, or otherwise, until all
the Guarantied Liabilities shall have been paid in full subsequent to the termination of all the Commitments and expiration of all Letters
of Credit. If any amount shall be paid to a Guarantor on account of such subrogation rights at any time prior to the later of (x)&nbsp;the
payment in full of the Guarantied Liabilities and all other amounts payable by the Loan Parties hereunder and the other Loan Documents
and (y)&nbsp;the termination of the Commitments and expiration of all Letters of Credit, such amount shall be held in trust for the benefit
of the Administrative Agent, the Lenders, and the L/C&nbsp;Issuer (and their Affiliates) and shall forthwith be paid to the Administrative
Agent for the benefit of the Lenders and L/C&nbsp;Issuer (and their Affiliates) or be credited and applied upon the Guarantied Liabilities,
whether matured or unmatured, in accordance with the terms of this Agreement.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;12.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordination</I>. Each Guarantor
(each referred to herein as a <I>&ldquo;Subordinated Creditor&rdquo;</I>) hereby subordinates the payment of all indebtedness, obligations,
and liabilities of the Borrower or other Loan Party owing to such Subordinated Creditor, whether now existing or hereafter arising, to
the indefeasible payment in full in cash of all Guarantied Liabilities. During the existence of any Event of Default, subject to Section&nbsp;12.4,
any such indebtedness, obligation, or liability of the Borrower or other Loan Party owing to such Subordinated Creditor shall be enforced
and performance received by such Subordinated Creditor as trustee for the benefit of the holders of the Guarantied Liabilities and the
proceeds thereof shall be paid over to the Administrative Agent for application to the Guarantied Liabilities (whether or not then due),
but without reducing or affecting in any manner the liability of such Guarantor under this Section&nbsp;12.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;12.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Waivers</I>. Each Guarantor irrevocably
waives acceptance hereof, presentment, demand, protest, and any notice not provided for herein, as well as any requirement that at any
time any action be taken by the Administrative Agent, any Lender, the L/C&nbsp;Issuer, or any other Person against the Borrower or any
other Loan Party or other obligor, another guarantor, or any other Person.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;12.7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Limit on Recovery</I>. Notwithstanding
any other provision hereof, the right of recovery against each Guarantor under this Section&nbsp;12 shall not exceed $1.00 less than the
lowest amount which would render such Guarantor&rsquo;s obligations under this Section&nbsp;12 void or voidable under Applicable Law,
including fraudulent conveyance law.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;12.8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stay of Acceleration</I>. If acceleration
of the time for payment of any amount payable by the Borrower or other Loan Party or other obligor under this Agreement or any other Loan
Document, or under any agreement relating to Hedging Liability or Bank Product Obligations, is stayed upon the insolvency, bankruptcy
or reorganization of the Borrower or such other Loan Party or obligor, all such amounts otherwise subject to acceleration under the terms
of this Agreement or the other Loan Documents, or under any agreement relating to Hedging Liability or Bank Product Obligations, shall
nonetheless be payable by the Guarantors hereunder forthwith on demand by the Administrative Agent made at the request or otherwise with
the consent of the Required Lenders.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;12.9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Benefit to Guarantors</I>. The
Loan Parties are engaged in related businesses and integrated to such an extent that the financial strength and flexibility of the Borrower
and the other Loan Parties has a direct impact on the success of each other Loan Party. Each Guarantor will derive substantial direct
and indirect benefit from the extensions of credit hereunder, and each Guarantor acknowledges that this guarantee is necessary or convenient
to the conduct, promotion and attainment of its business.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;12.10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Keepwell</I>. Each Qualified ECP Guarantor
hereby jointly and severally absolutely, unconditionally and irrevocably undertakes to provide such funds or other support as may be needed
from time to time by each other Loan Party to honor all of its obligations under this Guaranty Agreement in respect of Swap Obligations
(provided, however, that each Qualified ECP Guarantor shall only be liable under this Section for the maximum amount of such liability
that can be hereby incurred without rendering its obligations under this Section, or otherwise under this Guaranty Agreement, voidable
under Applicable Law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations of each
Qualified ECP Guarantor under this Section shall remain in full force and effect until discharged in accordance with Section&nbsp;12.3.
Each Qualified ECP Guarantor intends that this Section constitute, and this Section shall be deemed to constitute, a &ldquo;keepwell,
support, or other agreement&rdquo; for the benefit of each other Loan Party for all purposes of Section&nbsp;1a(18)(A)(v)(II) of the Commodity
Exchange Act.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 8%; font-size: 10pt; font-variant: small-caps; text-align: left; text-indent: 0pt; padding-left: 0pt">Section&nbsp;13.</TD>
    <TD STYLE="width: 92%; font-size: 10pt; font-variant: small-caps; text-align: left">Miscellaneous</TD></TR>
  </TABLE>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;13.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notices</I>.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Notices Generally. </I>Except in the case of notices and
other communications expressly permitted to be given by telephone (and except as provided in subsection&nbsp;(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 as follows:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if to the Borrower or any other Loan Party, to it
at Hub Group, Inc., 2000 Clearwater Drive, Oak Brook, Illinois 60523, Attention: Chief Financial Officer (Telephone No. (630) 271-3600);</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if to the Administrative Agent, to Bank of Montreal
at 320 South Canal Street, Chicago, Illinois 60606, Attention: William Thomson (Telephone No. (312) 461-3879);</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if to Bank of Montreal to it at 320 South Canal
Street, Chicago, Illinois 60606, Attention: Attention: William Thomson (Telephone No. (312) 461-3879), and if to any other L/C Issuer,
to it at the address provided in writing to the Administrative Agent and the Borrower at the time of its appointment as an L/C Issuer
hereunder;</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if to a Lender, to it at its address set forth in
its Administrative Questionnaire.</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">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 delivered through electronic communications, to the extent
provided in subsection&nbsp;(b) below, shall be effective as provided in said subsection&nbsp;(b).</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Electronic Communications. </I>Notices and other communications
to the Lenders and the L/C Issuers 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, <I>provided </I>that the foregoing shall not apply
to notices to any Lender or L/C Issuer pursuant to Sections&nbsp;2.1, 2.2 and 2.5 if such Lender or L/C Issuer, as applicable, has notified
the Administrative Agent that it is incapable of receiving notices under such Sections by electronic communication. The Administrative
Agent or the Borrower may, in their discretion, agree to accept notices and other communications to it hereunder by electronic communications
pursuant to procedures approved by it; <I>provided </I>that approval of such procedures may be limited to particular notices or communications.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">Unless the Administrative Agent otherwise prescribes,
(i)&nbsp;notices and other communications sent to an e-mail address shall be deemed received upon the sender&rsquo;s receipt of an acknowledgement
from the intended recipient (such as by the &ldquo;return receipt requested&rdquo; function, as available, return e-mail or other written
acknowledgement), and (ii)&nbsp;notices or communications posted to an Internet or intranet website shall be deemed received upon the
deemed receipt by the intended recipient, at its e-mail address as described in the foregoing clause&nbsp;(i), of notification that such
notice or communication is available and identifying the website address therefor; <I>provided </I>that, for both clauses (i) and (ii)
above, if such notice, email or other communication is not sent during the normal business hours of the recipient, such notice or communication
shall be deemed to have been sent at the opening of business on the next business day for the recipient.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Change of Address, etc. </I>Any party hereto may change its
address for notices and other communications hereunder by notice to the other parties hereto.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Platform. </I>(i)&nbsp;Each Loan Party agrees that the Administrative
Agent may, but shall not be obligated to, make the Communications (as defined below) available to the L/C Issuers and the other Lenders
by posting the Communications on Debt Domain, Intralinks, Syndtrak or a substantially similar electronic transmission system (the <I>&ldquo;Platform&rdquo;</I>).</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 <I>&ldquo;Agent Parties&rdquo;</I>) have any liability to the Borrower 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 the Borrower&rsquo;s, any Loan Party&rsquo;s or the Administrative Agent&rsquo;s
transmission of communications through the Platform. <I>&ldquo;Communications&rdquo;</I> 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 Issuer by means of electronic communications pursuant
to this Section, including through the Platform.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;13.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Successors and Assigns</I>.</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Successors and Assigns Generally.
</I> The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors
and assigns permitted hereby, except that neither the Borrower nor any other 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)&nbsp;to an assignee in accordance with the provisions of paragraph&nbsp;(b)
of this Section, (ii)&nbsp;by way of participation in accordance with the provisions of paragraph&nbsp;(d) of this Section, or (iii)&nbsp;by
way of pledge or assignment of a security interest subject to the restrictions of paragraph&nbsp;(e) of this Section (and any other attempted
assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed
to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the
extent provided in paragraph&nbsp;(d) of this Section and, to the extent expressly contemplated hereby, the Related Parties of each of
the Administrative Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Assignments by Lenders. </I>Any Lender may at any time assign
to one or more assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitments
and the Loans at the time owing to it); <I>provided</I> that any such assignment shall be subject to the following conditions:</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

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<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Minimum Amounts. </I>(A)&nbsp;in the case of an
assignment of the entire remaining amount of the assigning Lender&rsquo;s Commitments and the Loans at the time owing to it or contemporaneous
assignments to related Approved Funds that equal at least the amount specified in paragraph&nbsp;(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-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;in any case not described in paragraph&nbsp;(b)(i)(A)
of this Section, the aggregate amount of the relevant 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 <I>&ldquo;Trade Date&rdquo; </I>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 has occurred and is continuing, the Borrower otherwise
consent (each such consent not to be unreasonably withheld or delayed).</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Proportionate Amounts. </I>Each partial assignment
shall be made as an assignment of a proportionate part of all the assigning Lender&rsquo;s rights and obligations under this Agreement
with respect to the Loan or the Commitment assigned.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Required Consents. </I>No consent shall be required
for any assignment except to the extent required by paragraph&nbsp;(b)(i)(B) of this Section and, in addition:</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 1in; text-indent: 1.5in; font-size: 10pt; text-align: justify">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the consent of the Borrower (such consent not to be
unreasonably withheld or delayed) shall be required unless (x)&nbsp;an Event of Default has occurred and is continuing at the time of
such assignment, or (y) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund; <I>provided</I> that the Borrower
shall be deemed to have consented to any such assignment unless they shall object thereto by written notice to the Administrative Agent
within ten (10) Business Days after having received notice thereof;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 1in; text-indent: 1.5in; font-size: 10pt; text-align: justify">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the consent of the Administrative Agent (such consent
not to be unreasonably withheld or delayed) shall be required for assignments if such assignment is to a Person that is not a Lender with
a Commitment, an Affiliate of such Lender or an Approved Fund with respect to such Lender; and</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 1in; text-indent: 1.5in; font-size: 10pt; text-align: justify">(C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the consent of each L/C Issuer and Swingline Lender
shall be required for any assignment.</P>

<P STYLE="margin: 0pt 0 0pt 1in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Assignment and Assumption. </I>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; <I>provided </I>that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation
fee in the case of any assignment. The assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire.</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>No Assignment to Certain Persons. </I>No such assignment
shall be made to (A)&nbsp;the Borrower or any other Loan Party or any Loan Party&rsquo;s Affiliates or Subsidiaries or (B)&nbsp;to any
Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute any of the foregoing
Persons described in this clause&nbsp;(B).</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>No Assignment to Natural Persons. </I>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="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Certain Additional Payments. </I>In connection
with any assignment of rights and obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until,
in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the
Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases
by the assignee of participations or subparticipations, or other compensating actions, including funding, with the consent of the Borrower
and the Administrative Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to
each of which the applicable assignee and assignor hereby irrevocably consent), to (x)&nbsp;pay and satisfy in full all payment liabilities
then owed by such Defaulting Lender to the Administrative Agent, each L/C Issuer, the Swingline Lender and each other Lender hereunder
(and interest accrued thereon), and (y)&nbsp;acquire (and fund as appropriate) its full pro rata share of all Loans and participations
in Letters of Credit and Swingline Loans in accordance with its Percentage. Notwithstanding the foregoing, in the event that any assignment
of rights and obligations of any Defaulting Lender hereunder shall become effective under Applicable Law without compliance with the provisions
of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until
such compliance occurs.</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Subject to acceptance and recording thereof by the Administrative Agent
pursuant to paragraph&nbsp;(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 Agreement and, to the extent of the interest assigned by such Assignment and Assumption, have the
rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned
by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption
covering all of the assigning Lender&rsquo;s rights and obligations under this Agreement, such Lender shall cease to be a party hereto)
but shall continue to be entitled to the benefits of Sections&nbsp;4.1, 4.4, 4.5, and 13.4 with respect to facts and circumstances occurring
prior to the effective date of such assignment; <I>provided </I>that except to the extent otherwise expressly agreed by the affected parties,
no assignment by a Defaulting 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. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply
with this paragraph shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations
in accordance with paragraph&nbsp;(d) of this Section.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Register. </I>The Administrative Agent, acting solely for
this purpose as an agent of the Borrower, shall maintain at one of its offices in Chicago, Illinois 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
(and stated interest) of the Loans owing to, each Lender pursuant to the terms hereof from time to time (the <I>&ldquo;Register&rdquo;</I>).
The entries in the Register shall be conclusive absent manifest error, and the Borrower, the Administrative Agent and the Lenders shall
treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement.
The Register shall be available for inspection by the Borrower and any Lender, at any reasonable time and from time to time upon reasonable
prior notice.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Participations. </I>Any Lender may at any time, without the
consent of, or notice to, the Borrower or the Administrative Agent, sell participations to any Person (other than a natural person, or
a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of, a natural person, or the Borrower
or any other Loan Party or any Loan Party&rsquo;s Affiliates or Subsidiaries) (each, a <I>&ldquo;Participant&rdquo;</I>) in all or a portion
of such Lender&rsquo;s rights and/or obligations under this Agreement (including all or a portion of its Commitments and/or the Loans
owing to it); <I>provided</I> that (i)&nbsp;such Lender&rsquo;s obligations under this Agreement shall remain unchanged, (ii)&nbsp;such
Lender shall remain solely responsible to the other parties hereto for the performance of such obligations, and (iii)&nbsp;the Borrower,
the Administrative Agent, the L/C Issuers and Lenders shall continue to deal solely and directly with such Lender in connection with such
Lender&rsquo;s rights and obligations under this Agreement. For the avoidance of doubt, each Lender shall be responsible for the indemnity
under Section&nbsp;13.4(c) with respect to any payments made by such Lender to its Participant(s).</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">Any agreement or instrument pursuant to which a Lender
sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment,
modification or waiver of any provision of this Agreement; <I>provided </I>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 that would reduce the amount of or postpone
any fixed date for payment of any Obligation in which such participant has an interest. The Borrower agrees that each Participant shall
be entitled to the benefits of Sections&nbsp;4.1, 4.4 and 4.5 (subject to the requirements and limitations therein, including the requirements
under Section&nbsp;4.1(g) (it being understood that the documentation required under Section&nbsp;4.1(g) 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&nbsp;(b) of this
Section; <I>provided </I>that such Participant (A) agrees to be subject to the provisions of Sections&nbsp;2.11 and 4.7 as if it were
an assignee under paragraph&nbsp;(b) of this Section; and (B) shall not be entitled to receive any greater payment under Sections&nbsp;4.1
or 4.4, with respect to any participation, than its participating Lender would have been entitled to receive, except to the extent such
entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation.
Each Lender that sells a participation agrees, at the Borrower&rsquo;s request and expense, to use reasonable efforts to cooperate with
the Borrower to effectuate the provisions of Section&nbsp;2.11 with respect to any Participant. To the extent permitted by law, each Participant
also shall be entitled to the benefits of Section&nbsp;13.6 as though it were a Lender; <I>provided</I> that such Participant agrees to
be subject to Section&nbsp;13.7 as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose
as an agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts
(and stated interest) of each Participant&rsquo;s interest in the Loans or other obligations under the Loan Documents (the <I>&ldquo;Participant
Register&rdquo;</I>); <I>provided</I> 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 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="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Certain Pledges. </I>Any Lender may at any time pledge or
assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such Lender, including any
pledge or assignment to secure obligations to a Federal Reserve Bank; <I>provided </I>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>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;13.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amendments.</I> Any provision of this
Agreement or the other Loan Documents may be amended or waived if, but only if, such amendment or waiver is in writing and is signed
by (a) the Borrower, (b) the Required Lenders, and (c)&nbsp;if the rights or duties of the Administrative Agent, the
L/C&nbsp;Issuer, or the Swingline Lender are affected thereby, the Administrative Agent, the L/C&nbsp;Issuer, or the Swingline
Lender, as applicable; <I>provided</I> that:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;no amendment or waiver pursuant to this Section&nbsp;13.3
shall (A)&nbsp;increase any Commitment of any Lender without the consent of such Lender or (B)&nbsp;other than as set forth in Section
4.6, reduce the amount of or postpone the date for any scheduled payment of any principal of or interest on any Loan or of any Reimbursement
Obligation or of any fee payable hereunder without the consent of each Lender directly affected thereby; <I>provided, however,</I> that
only the consent of the Required Lenders shall be necessary (i)<B>&nbsp;</B>to amend the default rate provided in Section&nbsp;2.8 or
to waive any obligation of the Borrower to pay interest or fees at the default rate as set forth therein or (ii)&nbsp;to amend any financial
covenant hereunder (or any defined term used therein) even if the effect of such amendment would be to reduce the rate of interest or
any fee payable hereunder;</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;no amendment or waiver pursuant to this Section&nbsp;13.3
shall, unless signed by each Lender, change the definition of Required Lenders, change the provisions of this Section 13.3, change Section&nbsp;13.7
in a manner that would affect the ratable sharing of setoffs required thereby, change the application of payments contained in Section&nbsp;2.12
or 9.5, release any material Guarantor (other than in accordance with Section 13.22) or affect the number of Lenders required to take
any action hereunder or under any other Loan Document;</P>

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<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;no amendment or waiver pursuant to this Section
13.3 shall, unless signed by each Lender directly affected thereby, extend the Termination Date, or extend the stated expiration date
of any Letter of Credit beyond the Termination Date except in accordance with Section 2.2;</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;no amendment to Section&nbsp;12 shall be made without
the consent of the Guarantor(s) affected thereby; and</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;no amendment to this Agreement or any other Loan Document
shall be made that would subordinate, or have the effect of subordinating, the Obligations hereunder to any other Indebtedness or other
obligation without the written consent of each Lender directly affected thereby.</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Notwithstanding anything to the contrary herein, (1)&nbsp;no Defaulting
Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and any amendment, waiver or consent
which by its terms requires the consent of all Lenders or each affected Lender may be effected with the consent of the applicable Lenders
other than Defaulting Lenders), except that (x) the Commitment of any Defaulting Lender may not be increased or extended without the consent
of such Lender and (y) any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that by its
terms affects any Defaulting Lender more adversely than other affected Lenders shall require the consent of such Defaulting Lender, (2)&nbsp;if
the Administrative Agent and the Borrower 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 the Borrower shall be permitted to amend such provision,
(3) guarantees, collateral security documents and related documents executed by the Borrower or any other Loan Party in connection with
this Agreement may be in a form reasonably determined by the Administrative Agent and may be amended, supplemented or waived without the
consent of any Lender if such amendment, supplement or waiver is delivered in order to (x)&nbsp;comply with local law or advice of local
counsel, (y)&nbsp;cure ambiguities, omissions, mistakes or defects or (z)&nbsp;cause such guarantee, collateral security document or other
document to be consistent with this Agreement and the other Loan Documents, (4)&nbsp;the Borrower and the Administrative Agent may, without
the input or consent of any other Lender, effect amendments to this Agreement and the other Loan Documents as may be necessary in the
reasonable opinion of the Borrower and the Administrative Agent to effect the provisions of Section&nbsp;2.14 and (5) the fee letter referred
to in Section 3.1(c) and the other fee letters between the Borrower and the Lenders entered into on or prior to the Closing Date may be
amended by the parties thereto.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;13.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Costs and Expenses; Indemnification</I>.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Costs and Expenses</I>.
The Borrower shall pay (i)&nbsp;all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent and its Affiliates
(including the reasonable and documented fees, charges and disbursements of counsel for the Administrative Agent), in connection with
the syndication of the Revolving Facility, the preparation, negotiation, execution, delivery and administration of this Agreement and
the other Loan Documents, or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions
contemplated hereby or thereby shall be consummated), (ii)&nbsp;all reasonable and documented out-of-pocket expenses incurred by any
L/C Issuer in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder,
and (iii)&nbsp;all out-of-pocket expenses incurred by the Administrative Agent, any Lender or any L/C Issuer (including the reasonable
fees, charges and disbursements of any counsel for the Administrative Agent, any Lender or any L/C Issuer), any Lender or any L/C Issuer,
in connection with the enforcement or protection of its rights (A)&nbsp;in connection with this Agreement and the other Loan Documents,
including its rights under this Section, or (B)&nbsp;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
(including all such costs and expenses incurred in connection with any proceeding under the United States Bankruptcy Code involving the
Borrower or any other Loan Party as a debtor thereunder).</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Indemnification by the Loan Parties. </I>Each Loan Party
shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender and each L/C Issuer, and each Related Party of any of
the foregoing Persons (each such Person being called an <I>&ldquo;Indemnitee&rdquo;</I>) against, and hold each Indemnitee harmless from,
any and all losses, claims, damages, reasonable and documented costs and expenses (including the reasonable and documented fees and expenses
of one firm of counsel for all Indemnitees, taken as a whole, and in the case of a perceived conflict of interest, one additional firm
of counsel to the similarly situated affected Indemnitees taken as a whole) and liabilities, incurred by any Indemnitee or asserted against
any Indemnitee by any Person (including any third party or the Borrower or any other Loan Party) arising out of, in connection with, or
as a result of (i)&nbsp;the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated
hereby 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, or, in the case of the Administrative Agent (and any sub-agent thereof), any Swingline
Lender and L/C Issuer, and their Related Parties, the administration and enforcement of this Agreement and the other Loan Documents (including
all such costs and expenses incurred in connection with any proceeding under the United States Bankruptcy Code involving the Borrower
or any other Loan Party as a debtor thereunder), (ii)&nbsp;any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom
(including any refusal by any L/C 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)&nbsp;any Environmental Claim or Environmental
Liability, including with respect to the actual or alleged presence or Release of Hazardous Materials on or from any property owned or
operated by any Loan Party or any of its Subsidiaries, related in any way to any Loan Party or any of its Subsidiaries, or (iv)&nbsp;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 the Borrower or any other Loan Party, and regardless of whether any Indemnitee
is a party thereto (including any settlement arrangement arising from or relating to the foregoing); <I>provided </I>that such indemnity
shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (x)&nbsp;are
determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence, bad faith
or willful misconduct of such Indemnitee or any controlled Affiliate of such Indemnitee, (y)&nbsp;result from a claim brought by the Borrower
or any other Loan Party against an Indemnitee or any controlled Affiliate of such Indemnitee for a breach in bad faith of the obligations
of such Indemnitee or any controlled Affiliate of such Indemnitee hereunder or under any other Loan Document, in each case if the Borrower
or such Loan Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction
or (z) related to any proceeding that does not involve an act or omission by a Loan Party and that is brought by an Indemnitee or a controlled
Affiliate of such Indemnitee against any other Indemnitee (other than claims against the Administrative Agent in its capacity as such
or in fulfilling such role). This subsection&nbsp;(b) shall not apply with respect to Taxes other than any Taxes that represent losses,
claims, damages, etc. arising from any non-Tax claim.</P>

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<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Reimbursement by Lenders. </I>To the extent that (i)&nbsp;the
Loan Parties for any reason fail to indefeasibly pay any amount required under subsection (a) or (b) of this Section&nbsp;to be paid by
any of them to the Administrative Agent (or any sub-agent thereof), any L/C&nbsp;Issuer, any Swingline Lender or any Related Party or
(ii)&nbsp;any liabilities, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature
whatsoever are imposed on, incurred by, or asserted against, Administrative Agent, the L/C Issuer, any Swingline Lender or a Related Party
in any way relating to or arising out of this Agreement or any other Loan Document or any action taken or omitted to be taken by Administrative
Agent, the L/C Issuer, any Swingline Lender or a Related Party in connection therewith, then, in each case, each Lender severally agrees
to pay to the Administrative Agent (or any such sub-agent), such L/C Issuer, such 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); <I>provided</I> 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 Issuer or such 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 Issuer or any such Swingline Lender in connection with such capacity. The obligations
of the Lenders under this subsection&nbsp;(c) are subject to the provisions of Section&nbsp;13.15.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Waiver of Consequential Damages, Etc. </I>To the fullest
extent permitted by Applicable Law, the Loan Parties shall not assert, and hereby waive, any claim against any Indemnitee, on any theory
of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection
with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions
contemplated hereby or thereby, any Loan or Letter of Credit, or the use of the proceeds thereof. No Indemnitee referred to in subsection&nbsp;(b)
above shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed
by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other
Loan Documents or the transactions contemplated hereby or thereby, except to the extent resulting from the gross negligence or willful
misconduct of such Indemnitee, as determined in a final non-appealable judgment by a court of competent jurisdiction.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Payments. </I>All amounts due under this Section shall be
payable promptly after demand therefor.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Survival. </I>Each party&rsquo;s obligations under this Section
shall survive the termination of the Loan Documents and payment of the obligations hereunder.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;13.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No Waiver, Cumulative Remedies.</I>  No delay or failure on the part of the Administrative Agent, the L/C&nbsp;Issuer,
or any Lender, or on the part of the holder or holders of any of the Obligations, in the exercise of any power or right under any Loan
Document shall operate as a waiver thereof or as an acquiescence in any default, nor shall any single or partial exercise of any power
or right preclude any other or further exercise thereof or the exercise of any other power or right. The rights and remedies hereunder
of the Administrative Agent, the L/C&nbsp;Issuer, the Lenders, and of the holder or holders of any of the Obligations are cumulative to,
and not exclusive of, any rights or remedies which any of them would otherwise have.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;13.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Right of Setoff</I>. In addition to any rights now or hereafter granted under the Loan Documents or Applicable Law and not by way of
limitation of any such rights, if an Event of Default shall have occurred and be continuing, each Lender, each L/C Issuer, 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) at any time
held, and other obligations (in whatever currency) at any time owing, by such Lender, such L/C Issuer or any such Affiliate, to or for
the credit or the account of the Borrower or any other Loan Party against any and all of the obligations of the Borrower or such Loan
Party now or hereafter existing under this Agreement or any other Loan Document to such Lender or such L/C Issuer or their respective
Affiliates, irrespective of whether or not such Lender, L/C Issuer or Affiliate shall have made any demand under this Agreement or any
other Loan Document and although such obligations of the Borrower or such Loan Party may be contingent or unmatured or are owed to a branch,
office or Affiliate of such Lender or such L/C Issuer different from the branch, office or Affiliate holding such deposit or obligated
on such indebtedness; <I>provided </I>that in the event that any Defaulting Lender shall exercise any such right of setoff, (x)&nbsp;all
amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions
of Section&nbsp;2.12 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, the L/C Issuers, and the Lenders, and (y)&nbsp;the Defaulting Lender shall provide
promptly to the Administrative Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to
which it exercised such right of setoff. The rights of each Lender, each L/C Issuer and their respective Affiliates under this Section
are in addition to other rights and remedies (including other rights of setoff) that such Lender, such L/C Issuer or their respective
Affiliates may have. Each Lender and L/C Issuer agrees to notify the Borrower and the Administrative Agent promptly after any such setoff
and application; <I>provided </I>that the failure to give such notice shall not affect the validity of such setoff and application.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;13.7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sharing of Payments by Lenders.</I>  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 the Lender receiving such greater proportion shall (a)&nbsp;notify the Administrative
Agent of such fact, and (b)&nbsp;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; <I>provided </I>that:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if any such participations are purchased and all or
any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to
the extent of such recovery, without interest; and</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the provisions of this Section shall not be construed
to apply to (x)&nbsp;any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement (including
the application of funds arising from the existence of a Defaulting Lender), (y) the application of Cash Collateral provided for in Section
2.13, or (z)&nbsp;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 Obligations to any assignee or participant, other than to any Loan Party or any Subsidiary thereof (as to which
the provisions of this Section shall apply).</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Each Loan Party consents to the foregoing and agrees, to the extent it
may effectively do so under Applicable Law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise
against each 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="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;13.8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Survival of Representations.</I>  All representations and warranties made herein or in any other Loan Document or in certificates
given pursuant hereto or thereto shall survive the execution and delivery of this Agreement and the other Loan Documents, and shall continue
in full force and effect with respect to the date as of which they were made as long as any credit is in use or available hereunder.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;13.9.</I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Survival of Indemnities</I>.  All indemnities and other provisions relative to reimbursement to the Lenders and L/C&nbsp;Issuer
of amounts sufficient to protect the yield of the Lenders and L/C&nbsp;Issuer with respect to the Loans and Letters of Credit, including
Sections&nbsp;4.1, 4.4, 4.5, and 13.4, shall survive the termination of this Agreement and the other Loan Documents and the payment of
the Obligations.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;13.10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Counterparts; Integration; Effectiveness.</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Counterparts; Integration; Effectiveness.</I> This Agreement
may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original,
but all of which when taken together shall constitute a single contract. This Agreement and the other Loan Documents, and any separate
letter agreements with respect to fees payable to the Administrative Agent, constitute the entire contract among the parties relating
to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject
matter hereof. Except as provided in Section 7.2, this Agreement shall become effective when it shall have been executed by the Administrative
Agent and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each
of the other parties hereto. Delivery of an executed counterpart of a signature page of this Agreement by facsimile or in electronic (e.g.,
&ldquo;pdf&rdquo; or &ldquo;tif&rdquo;) format shall be effective as delivery of a manually executed counterpart of this Agreement.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Electronic Execution
of Assignments</I>. The words &ldquo;execution,&rdquo; &ldquo;signed,&rdquo; &ldquo;signature,&rdquo; and words of like import in any
Assignment and Assumption shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which
shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping
system, as the case may be, to the extent and as provided for in any Applicable Law, including the Federal Electronic Signatures in Global
and National Commerce Act, the Illinois State Electronic Commerce Security Act, or any other similar state laws based on the Uniform
Electronic Transactions Act.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;13.11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Headings.</I>
Section headings used in this Agreement are for reference only and shall not affect the construction of this Agreement.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;13.12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Severability of Provisions.</I>  Any provision of any Loan Document which is unenforceable in any jurisdiction shall, as
to such jurisdiction, be ineffective to the extent of such unenforceability without invalidating the remaining provisions hereof or affecting
the validity or enforceability of such provision in any other jurisdiction. All rights, remedies and powers provided in this Agreement
and the other Loan Documents may be exercised only to the extent that the exercise thereof does not violate any applicable mandatory provisions
of law, and all the provisions of this Agreement and other Loan Documents are intended to be subject to all applicable mandatory provisions
of law which may be controlling and to be limited to the extent necessary so that they will not render this Agreement or the other Loan
Documents invalid or unenforceable.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;13.13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Construction</I>. The parties acknowledge and agree that the Loan Documents shall not be construed more favorably in favor of any party hereto
based upon which party drafted the same, it being acknowledged that all parties hereto contributed substantially to the negotiation of
the Loan Documents. The provisions of this Agreement relating to Subsidiaries shall only apply during such times as the Borrower has one
or more Subsidiaries.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><FONT STYLE="font-variant: small-caps"><B></B></FONT><I>Section&nbsp;13.14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Excess
Interest</I>. Notwithstanding any provision to the contrary contained herein or in any
other Loan Document, no such provision shall require the payment or permit the collection of any amount of interest in excess of the maximum
amount of interest permitted by Applicable Law to be charged for the use or detention, or the forbearance in the collection, of all or
any portion of the Loans or other obligations outstanding under this Agreement or any other Loan Document (<I>&ldquo;Excess Interest&rdquo;</I>).
If any Excess Interest is provided for, or is adjudicated to be provided for, herein or in any other Loan Document, then in such event
(a)&nbsp;the provisions of this Section shall govern and control, (b)&nbsp;neither the Borrower nor any guarantor or endorser shall be
obligated to pay any Excess Interest, (c)&nbsp;any Excess Interest that the Administrative Agent or any Lender may have received hereunder
shall, at the option of the Administrative Agent, be (i)&nbsp;applied as a credit against the then outstanding principal amount of Obligations
hereunder and accrued and unpaid interest thereon (not to exceed the maximum amount permitted by Applicable Law), (ii)&nbsp;refunded to
the Borrower, or (iii)&nbsp;any combination of the foregoing, (d)&nbsp;the interest rate payable hereunder or under any other Loan Document
shall be automatically subject to reduction to the maximum lawful contract rate allowed under applicable usury laws (the <I>&ldquo;Maximum
Rate&rdquo;</I>), and this Agreement and the other Loan Documents shall be deemed to have been, and shall be, reformed and modified to
reflect such reduction in the relevant interest rate, and (e) neither&nbsp;the Borrower nor any guarantor or endorser shall have any action
against the Administrative Agent or any Lender for any damages whatsoever arising out of the payment or collection of any Excess Interest.
Notwithstanding the foregoing, if for any period of time interest on any of Borrower&rsquo;s Obligations is calculated at the Maximum
Rate rather than the applicable rate under this Agreement, and thereafter such applicable rate becomes less than the Maximum Rate, the
rate of interest payable on the Borrower&rsquo;s Obligations shall remain at the Maximum Rate until the Lenders have received the amount
of interest which such Lenders would have received during such period on the Borrower&rsquo;s Obligations had the rate of interest not
been limited to the Maximum Rate during such period.</P>

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<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;13.15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lender&rsquo;s and L/C&nbsp;Issuer&rsquo;s
Obligations Several</I>. The obligations
of the Lenders and L/C&nbsp;Issuer hereunder are several and not joint. Nothing contained in this Agreement and no action taken by the
Lenders or L/C&nbsp;Issuer pursuant hereto shall be deemed to constitute the Lenders and L/C&nbsp;Issuer a partnership, association, joint
venture or other entity.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;13.16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No Advisory or Fiduciary Responsibility</I>.
In connection with all aspects of each transaction contemplated hereby (including in connection with any amendment, waiver or other modification
hereof or of any other Loan Document), each Loan Party acknowledges and agrees, and acknowledges its Affiliates&rsquo; understanding,
that: (a)&nbsp;(i)&nbsp;no fiduciary, advisory or agency relationship between any Loan Party and its Subsidiaries and the Administrative
Agent, the L/C Issuer, or any Lender is intended to be or has been created in respect of the transactions contemplated hereby or by the
other Loan Documents, irrespective of whether the Administrative Agent, the L/C Issuer, or any Lender has advised or is advising any Loan
Party or any of its Subsidiaries on other matters, (ii)&nbsp;the arranging and other services regarding this Agreement provided by the
Administrative Agent, the L/C Issuer, and the Lenders are arm&rsquo;s-length commercial transactions between such Loan Parties and their
Affiliates, on the one hand, and the Administrative Agent, the L/C Issuer, and the Lenders, on the other hand, (iii)&nbsp;each Loan Party
has consulted its own legal, accounting, regulatory and tax advisors to the extent that it has deemed appropriate and (iv)&nbsp;each Loan
Party is capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and
by the other Loan Documents; and (b)&nbsp;(i)&nbsp;the Administrative Agent, the L/C Issuer, and the Lenders each is and has been acting
solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting
as an advisor, agent or fiduciary for any Loan Party or any of its Affiliates, or any other Person; (ii)&nbsp;none of the Administrative
Agent, the L/C Issuer, and the Lenders has any obligation to any Loan Party or any of its Affiliates with respect to the transactions
contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; and (iii)&nbsp;the Administrative
Agent, the L/C Issuer, and the Lenders and their respective Affiliates may be engaged, for their own accounts or the accounts of customers,
in a broad range of transactions that involve interests that differ from those of any Loan Party and its Affiliates, and none of the Administrative
Agent, the L/C Issuer, and the Lenders has any obligation to disclose any of such interests to any Loan Party or its Affiliates. To the
fullest extent permitted by law, each Loan Party hereby waives and releases any claims that it may have against the Administrative Agent,
the L/C Issuer, and the Lenders with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect
of any transaction contemplated hereby.</P>

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<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;13.17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Governing Law; Jurisdiction; Consent to Service
of Process</I>. (a)&nbsp;<FONT STYLE="font-variant: small-caps">This
Agreement, the Notes and the other Loan Documents (except as otherwise specified therein), and the rights and duties of the parties hereto,
shall be construed and determined in accordance with the laws of the State of Illinois without regard to conflicts of law principles that
would require application of the laws of another jurisdiction.</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each party hereto hereby irrevocably and unconditionally submits,
for itself and its property, to the nonexclusive jurisdiction of the United States District Court for the Northern District of Illinois
and of any Illinois State court sitting in the City of Chicago, and any appellate court from any thereof, in any action or proceeding
arising out of or relating to any Loan Document, or for recognition or enforcement of any judgment, and each party hereto hereby irrevocably
and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such Illinois State
court or, to the extent permitted by Applicable Law, in such federal court. Each party hereto hereby 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 Applicable Law. Nothing in this Agreement or any other Loan Document or otherwise shall affect any right that the Administrative
Agent, the L/C Issuer or any Lender may otherwise have to bring any action or proceeding relating to this Agreement or any other Loan
Document against the Borrower or any Guarantor or its respective properties in the courts of any jurisdiction.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Loan Party hereby irrevocably and unconditionally waives,
to the fullest extent permitted by Applicable Law, any objection which it may now or hereafter have to the laying of venue of any suit,
action or proceeding arising out of or relating to this Agreement or any other Loan Document in any court referred to in Section&nbsp;13.17(b).
Each party 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="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each party to this Agreement irrevocably consents to service
of process in any action or proceeding arising out of or relating to any Loan Document, in the manner provided for notices (other than
telecopy or e-mail) in Section&nbsp;13.1. Nothing in this Agreement or any other Loan Document will affect the right of any party to this
Agreement to serve process in any other manner permitted by Applicable Law.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;13.18.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Waiver of Jury Trial</I>. <FONT STYLE="font-variant: small-caps">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 any Loan Document or the transactions contemplated thereby (whether
based on contract, tort or any other theory). Each party hereto (a)&nbsp;certifies that no representative, agent or attorney of any other
party has represented, expressly or otherwise, that such other party would not, in the event of litigation, seek to enforce the foregoing
waiver and (b)&nbsp;acknowledges that it and the other parties hereto have been induced to enter into this Agreement by, among other things,
the mutual waivers and certifications in this Section.</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;13.19.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;USA Patriot Act</I>. Each Lender and L/C&nbsp;Issuer that is subject to the requirements of the USA Patriot Act (Title III of Pub.&nbsp;L.&nbsp;107-56
(signed into law October&nbsp;26, 2001)) (the <I>&ldquo;Act&rdquo;</I>) hereby notifies the Borrower that pursuant to the requirements
of the Act, it is required to obtain, verify, and record information that identifies the Borrower, which information includes the name
and address of the Borrower and other information that will allow such Lender or L/C&nbsp;Issuer to identify the Borrower in accordance
with the Act.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section 13.20.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Confidentiality</I>. Each of the Administrative
Agent, the Lenders and the L/C Issuers agree to maintain the confidentiality of the Information (as defined below), except that Information
may be disclosed (a)&nbsp;to its Affiliates and to its Related Parties (it being understood that the Persons to whom such disclosure is
made will be informed of the confidential nature of such Information and instructed to keep such Information confidential); (b)&nbsp;to
the extent required or requested by any regulatory authority purporting to have jurisdiction over such Person or its Related Parties (including
any self-regulatory authority, such as the National Association of Insurance Commissioners); (c)&nbsp;to the extent required by Applicable
Laws or regulations or by any subpoena or similar legal process; (d)&nbsp;to any other party hereto; (e)&nbsp;in connection with the exercise
of any remedies hereunder or under any other Loan Document or any action or proceeding relating to this Agreement or any other Loan Document
or the enforcement of rights hereunder or thereunder; (f)&nbsp;subject to an agreement containing provisions substantially the same as
those of this Section, to (i)&nbsp;any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights
and obligations under this Agreement, or (ii)&nbsp;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 the Borrower and their obligations, this Agreement or payments hereunder;
(g)&nbsp;on a confidential basis to (i)&nbsp;any rating agency in connection with rating any Loan Party or its Subsidiaries or the Revolving
Facility or (ii)&nbsp;the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers with
respect to the Revolving Facility; (h)&nbsp;with the consent of the Borrower; or (i)&nbsp;to the extent such Information (x)&nbsp;becomes
publicly available other than as a result of a breach of this Section, or (y)&nbsp;becomes available to the Administrative Agent, any
Lender, any L/C Issuer or any of their respective Affiliates on a nonconfidential basis from a source other than the Borrower. For purposes
of this Section, <I>&ldquo;Information&rdquo;</I> means all information received from a Loan Party or any of its Subsidiaries relating
to a 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, any Lender or any L/C Issuer on a nonconfidential basis prior to disclosure by a Loan Party or any of its Subsidiaries;
<I>provided</I> that, in the case of information received from a Loan Party or any of its Subsidiaries after the date hereof, such information
is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided
in this Section 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. For the avoidance
of doubt, nothing in this paragraph shall prohibit any person from voluntarily disclosing or providing any information within the scope
of this paragraph to any governmental, regulatory or self-regulatory organization (any such entity, a <I>&ldquo;Regulatory Authority&rdquo;</I>)
to the extent that any such prohibition on disclosure set forth in this confidentiality provision shall be prohibited by the laws or regulations
applicable to such Regulatory Authority.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;13.21.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Acknowledgement
and Consent to Bail-In of EEA Financial Institutions. </I> 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="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the effects
of any Bail-In Action on any such liability, including, if applicable:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0 0pt 0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
reduction in full or in part or cancellation of any such liability;</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0 0pt 0.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution,
its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments
of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document;
or</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0 0pt 0.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;13.22.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Release of Guarantors</I>. The Lenders and
the L/C Issuer hereby irrevocably agree that any Guarantor shall be automatically released from the Guarantee in Section 12 upon (i) consummation
of any transaction permitted hereunder resulting in such Guarantor ceasing to constitute a Subsidiary or (ii) such Person ceasing to be
a Material Subsidiary in accordance with the definition thereof. The Lenders and the L/C Issuer hereby authorize the Administrative Agent
to execute and deliver any instruments, documents, and agreements necessary or desirable to evidence and confirm the release of any Subsidiary
pursuant to the foregoing provisions of this paragraph, all without the further consent or joinder of any Lender or the L/C Issuer.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;13.23.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Recovery of Erroneous Payments</I>. Notwithstanding
anything to the contrary in this Agreement, if at any time Administrative Agent determines (in its sole and absolute discretion) that
it has made a payment hereunder in error to any Lender, Swing Line Lender or L/C Issuer, whether or not in respect of an Obligation due
and owing by Borrower at such time, where such payment is a Rescindable Amount, then in any such event, each such Person receiving a Rescindable
Amount severally agrees to repay to the Administrative Agent forthwith on demand the Rescindable Amount received by such Person in immediately
available funds in the currency so received, with interest thereon, for each day from and including the date such Rescindable Amount is
received by it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined
by the Administrative Agent in accordance with banking industry rules on interbank compensation. Each Lender, each Swing Line Lender and
each L/C Issuer irrevocably waives any and all defenses, including any &ldquo;discharge for value&rdquo; (under which a creditor might
otherwise claim a right to retain funds mistakenly paid by a third party in respect of a debt owed by another), &ldquo;good consideration&rdquo;,
&ldquo;change of position&rdquo; or similar defenses (whether at law or in equity) to its obligation to return any Rescindable Amount.
Administrative Agent shall inform each Lender, Swing Line Lender, or L/C Issuer that received a Rescindable Amount promptly upon determining
that any payment made to such Person comprised, in whole or in part, a Rescindable Amount. Each Person&rsquo;s obligations, agreements
and waivers under this Section 13.23 shall survive the resignation or replacement of the Administrative Agent, any transfer of rights
or obligations by, or the replacement of, a Lender, Swing Line Lender or L/C Issuer, the termination of the Commitments and/or the repayment,
satisfaction or discharge of all Obligations (or any portion thereof) under any Loan Document.</P>


<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>



<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"></P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;13.24.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Acknowledgement
Regarding Any Supported QFCs</I>. To the extent that the Loan Documents provide support, through a guarantee or otherwise, for Swap Contracts
or any other agreement or instrument that is a QFC (such support, &ldquo;QFC Credit Support&rdquo; and each such QFC a &ldquo;Supported
QFC&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="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">In the event a Covered Entity that is party to a Supported
QFC (each, a &ldquo;Covered Party&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="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">As used in this Section 13.24, the following terms
have the following meanings:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&ldquo;BHC Act Affiliate&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="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&ldquo;<I>Covered Entity</I>&rdquo; means any of the
following:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; font-size: 10pt; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a &ldquo;covered entity&rdquo; as that term is defined
in, and interpreted in accordance with, 12 C.F.R. &sect; 252.82(b)</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; font-size: 10pt; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; font-size: 10pt; text-align: justify; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a &ldquo;covered FSI&rdquo; as that term is defined
in, and interpreted in accordance with, 12 C.F.R. &sect; 382.2(b).</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&ldquo;<I>Default Right</I>&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="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&ldquo;<I>QFC</I>&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="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; text-indent: 0in; margin: 0pt 0">[Signature Pages Follow]</P>

<P STYLE="font-size: 10pt; text-align: center; text-indent: 0in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center; text-indent: 0in"></P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">This Agreement is entered into between us for the uses
and purposes hereinabove set forth as of the date first above written.</P>

<P STYLE="font-size: 10pt; text-indent: -0.25in; margin: 0pt 0 0pt 3.5in"><I>&nbsp;</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD></TD><TD COLSPAN="2"><I>&ldquo;Borrower&rdquo;</I> </TD></TR><TR STYLE="vertical-align: top">
<TD STYLE="width: 60%">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD><TD STYLE="width: 35%">&nbsp;</TD></TR>
                                                                                                         <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD COLSPAN="2"><FONT STYLE="font-variant: small-caps">Hub Group, Inc.</FONT></TD></TR>
                                                                                                         <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">
<TD></TD><TD>By</TD><TD><U>/s/ Kevin W. Beth&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Name: Kevin W. Beth</TD></TR>
                                                                                                                         <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Title: Chief Financial Officer</TD></TR>
                                                                                                                         <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                                                         <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD COLSPAN="2"><I>&ldquo;Guarantors&rdquo;</I></TD></TR>
                                                                                                                         <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                                                         <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD COLSPAN="2"><FONT STYLE="font-variant: small-caps">Hub City Terminals, LLC</FONT></TD></TR>
                                                                                                                         <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">
<TD></TD><TD>By</TD><TD><U>/s/ Kevin W. Beth&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Name: Kevin W. Beth</TD></TR>
                                                                                                                         <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Title: Chief Financial Officer</TD></TR>
                                                                                                                         <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                                                         <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD COLSPAN="2"><FONT STYLE="font-variant: small-caps">Hub Group Trucking, LLC</FONT></TD></TR>
                                                                                                                         <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">
<TD></TD><TD>By</TD><TD><U>/s/ Kevin W. Beth&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Name: Kevin W. Beth</TD></TR>
                                                                                                                         <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Title: Chief Financial Officer</TD></TR>
                                                                                                                         <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                                                         <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD COLSPAN="2"><FONT STYLE="font-variant: small-caps">Hub Group Final Mile, LLC</font></TD></TR>
                                                                                                                         <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">
<TD></TD><TD>By</TD><TD><U>/s/ Kevin W. Beth&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Name: Kevin W. Beth</TD></TR>
                                                                                                                         <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Title: Chief Financial Officer</TD></TR>
                                                                                                                         <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
</TABLE>

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">
                                                                                                                         <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD COLSPAN="2"><FONT STYLE="font-variant: small-caps">Hub Group Dedicated, LLC</FONT></TD></TR>
                                                                                                                         <TR STYLE="vertical-align: top">
<TD STYLE="width: 60%">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD><TD STYLE="width: 35%">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">
<TD></TD><TD>By</TD><TD><U>/s/ Kevin W. Beth</U>&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Name: Kevin W. Beth</TD></TR>
                                                                                                                         <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Title: Chief Financial Officer</TD></TR>
                                                                                                                         <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                                                         <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD COLSPAN="2"><FONT STYLE="font-variant: small-caps">Choptank Transport, LLC</font></TD></TR>
                                                                                                                         <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">
<TD></TD><TD>By</TD><TD><U>/s/ Kevin W. Beth&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Name: Kevin W. Beth</TD></TR>
                                                                                                                         <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Title: Chief Financial Officer</TD></TR>
                                                                                                                         <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
</TABLE>

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

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

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

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

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

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

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

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

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

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

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

<P STYLE="margin: 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">
                                                                                                                         <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD COLSPAN="2"><I>&ldquo;Administrative Agent, Swingline Lender and a L/C&nbsp;Issuer&rdquo;</I></TD></TR>
                                                                                                                         <TR STYLE="vertical-align: top">
<TD STYLE="width: 60%">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD><TD STYLE="width: 35%">&nbsp;</TD></TR>
                                                                                                                         <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD COLSPAN="2"><FONT STYLE="font-variant: small-caps">Bank of Montreal</FONT>, as a L/C&nbsp;Issuer, Swingline Lender
               and as Administrative Agent</TD></TR>

<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                                                 <TR STYLE="vertical-align: top">
<TD></TD><TD>By:</TD><TD><U>/s/ Ryan Howard&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Name: Ryan Howard</TD></TR>
                                                                                                                        <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Title: Assistant Vice President</TD></TR>
                                                                                                                        <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
</TABLE>

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

<P STYLE="margin: 0"></P>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">
                                                                                                                        <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD COLSPAN="2"><I>&ldquo;Lenders&rdquo;</I></TD></TR>
                                                                                                                        <TR STYLE="vertical-align: top">
<TD STYLE="width: 60%">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD><TD STYLE="width: 35%">&nbsp;</TD></TR>
                                                                                                                        <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD COLSPAN="2"><FONT STYLE="font-variant: small-caps">Bank of Montreal</FONT>, as a Lender</TD></TR>
                                                                                                                        <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">
<TD></TD><TD>By:</TD><TD><U>/s/ Ryan Howard&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Name: Ryan Howard</TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Title: Assistant Vice President</TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
</TABLE>

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

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

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

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

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">
                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD COLSPAN="2"><FONT STYLE="font-variant: small-caps">The Huntington National Bank</FONT>, as a Lender</TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD STYLE="width: 60%">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD><TD STYLE="width: 35%">&nbsp;</TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>By:</TD><TD><U>/s/ Brent Walser&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Name: Brent Walser</TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Title: Managing Director - SVP</TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
</TABLE>

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

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

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

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

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

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">
                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD COLSPAN="2"><FONT STYLE="font-variant: small-caps">KeyBank National Association,</FONT> as a Lender</TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD STYLE="width: 60%">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD><TD STYLE="width: 35%">&nbsp;</TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>By:</TD><TD><U>/s/ Sara M. Yeagley&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Name: Sara M. Yeagley</TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Title: Vice President</TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
</TABLE>

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

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

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

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

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

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<TD><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD><TD COLSPAN="2"><FONT STYLE="font-variant: small-caps">PNC Bank, National Association</FONT>, as a Lender</TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD STYLE="width: 60%">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD><TD STYLE="width: 35%">&nbsp;</TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD><U>By:</U></TD><TD><U>/s/</U> <U>Robert G. Stevens&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Name: Robert G. Stevens</TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Title: Vice President</TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
</TABLE>

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                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD COLSPAN="2">R<FONT STYLE="font-variant: small-caps">egions Bank</FONT>, as a Lender</TD></TR>
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<TD STYLE="width: 60%">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD><TD STYLE="width: 35%">&nbsp;</TD></TR>
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<TD>&nbsp;</TD><TD>By:</TD><TD> <U>/s/ Tyler Sherman&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Name: Tyler Sherman</TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Title: Vice President</TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
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<TD>&nbsp;</TD><TD COLSPAN="2"><FONT STYLE="font-variant: small-caps">Bank of America, N.A.,</FONT> as a Lender</TD></TR>
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<TD STYLE="width: 60%">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD><TD STYLE="width: 35%">&nbsp;</TD></TR>
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<TD>&nbsp;</TD><TD>By </TD><TD><U>/s/ Robert L Knowles&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Name Robert L Knowles</TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Title Sr. Vice President</TD></TR>
                                                                                                                      </TABLE>

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<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt; text-indent: 0in">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">Exhibit&nbsp;A</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">Notice of Payment Request</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">[Date]</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">[Name of Lender]</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">[Address]</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Attention:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">Reference is made to the Credit Agreement, dated as
of June 20, 2025, among Hub Group, Inc., as Borrower, the Guarantors party thereto, the Lenders party thereto, and Bank of Montreal, as
Administrative Agent (as extended, renewed, amended or restated from time to time, the <I>&ldquo;Credit Agreement&rdquo;</I>). Capitalized
terms used herein and not defined herein have the meanings assigned to them in the Credit Agreement. [The Borrower has failed to pay their
Reimbursement Obligation in the amount of $____________. Your Percentage of the unpaid Reimbursement Obligation is $_____________] or
[__________________________ has been required to return a payment by the Borrower of a Reimbursement Obligation in the amount of $_______________.
Your Percentage of the returned Reimbursement Obligation is $_______________.]</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">Very truly yours,</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 3.25in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD COLSPAN="2"><FONT STYLE="font-variant: small-caps">Bank of Montreal</FONT>, as L/C&nbsp;Issuer</TD></TR>
                                                                                                                 <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                                                 <TR STYLE="vertical-align: top">
<TD STYLE="width: 60%"></TD><TD STYLE="width: 5%">By</TD><TD STYLE="width: 35%">&nbsp;__________________________</TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Name______________________</TD></TR>
                                                                                                                                                                                                                                                                                                                                                                                          <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Title_______________________</TD></TR>
                                                                                                                                                                                                                                                                                                                                                                                          </TABLE>

<P STYLE="font-size: 10pt; text-indent: -0.25in; margin: 0pt 0 0pt 3.5in">&nbsp;</P>

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<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt"></P>

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<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">Exhibit&nbsp;B</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">Notice of Borrowing</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: right; margin: 0pt 0">Date: ____________, ____</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 31pt">To:</TD><TD STYLE="text-align: justify; padding-right: 2.5in">Bank of Montreal, as Administrative Agent for the Lenders party to the Credit Agreement
dated as of June 20, 2025 (as extended, renewed, amended or restated from time to time, the <I>&ldquo;Credit Agreement&rdquo;</I>), among
Hub Group, Inc., as Borrower, the Guarantors party thereto, the Lenders party thereto, and Bank of Montreal, as Administrative Agent</TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">Ladies and Gentlemen:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">The undersigned Borrower refers to the Credit Agreement,
the terms defined therein being used herein as therein defined, and hereby gives you notice irrevocably, pursuant to Section&nbsp;2.5
of the Credit Agreement, of the Borrowing specified below:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 1in; font-size: 10pt; text-align: justify">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Business Day of the
proposed Borrowing is ___________, ____.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 1in; font-size: 10pt; text-align: justify">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The aggregate amount of the proposed Borrowing is $______________.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 1in; font-size: 10pt; text-align: justify">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrowing is to be comprised of $___________ of
<B>[Base Rate] [SOFR] </B>Loans.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 1in; font-size: 10pt; text-align: justify"><B>[4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The duration of the Interest Period for the SOFR Loans
included in the Borrowing shall be ____________ months.]</B></P>

<P STYLE="margin: 0pt 0pt 0pt 1in; font-size: 10pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">The undersigned hereby certifies that the following
statements are true on the date hereof, and will be true on the date of the proposed Borrowing, before and after giving effect thereto
and to the application of the proceeds therefrom:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;each of the
representations and warranties contained in Section&nbsp;6 of the Credit Agreement (other than the representation and warranty set
forth in Section&nbsp;6.12 of the Credit Agreement) and in the other Loan Documents are true and correct in all material respects
(where not already qualified by materiality, otherwise in all respects) as though made on and as of such date (except to the extent
such representations and warranties relate to an earlier date, in which case they are true and correct in all material respects
(where not already qualified by materiality, otherwise in all respects) as of such earlier date); and</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt 0pt 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 0.5in; text-indent: 1in; font-size: 10pt; text-align: justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;no Default has occurred and is continuing or would
result from such proposed Borrowing.</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-variant: small-caps">Hub Group, Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 5%">By</TD>
    <TD STYLE="width: 35%">__________________________</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name______________________</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title_______________________</TD></TR>
  </TABLE>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt; text-indent: -0.25in">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt; text-indent: -0.25in">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt; text-indent: -0.25in">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt; text-indent: -0.25in">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt; text-indent: -0.25in">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt; text-indent: -0.25in"></P>

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<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">Exhibit&nbsp;C</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">Notice of Continuation/Conversion</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: right; margin: 0pt 0">Date: ____________, ____</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: right">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27pt">To:</TD><TD STYLE="text-align: justify; padding-right: 2.5in">Bank of Montreal, as Administrative Agent for the Lenders party to the Credit Agreement
dated as of June 20, 2025 (as extended, renewed, amended or restated from time to time, the <I>&ldquo;Credit Agreement&rdquo;</I>), among
Hub Group, Inc., as Borrower, the Guarantors party thereto, the Lenders party thereto, and Bank of Montreal, as Administrative Agent</TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: -27.35pt; margin: 0pt 2.5in 0pt 27.35pt">&nbsp;</P>

<P STYLE="margin: 0pt 2.5in 0pt 27.35pt; font-size: 10pt; text-align: justify; text-indent: -27.35pt">Ladies and Gentlemen:</P>

<P STYLE="margin: 0pt 2.5in 0pt 27.35pt; font-size: 10pt; text-align: justify; text-indent: -27.35pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">The undersigned Borrower refers to the Credit Agreement,
the terms defined therein being used herein as therein defined, and hereby gives you notice irrevocably, pursuant to Section&nbsp;2.5
of the Credit Agreement, of the <B>[conversion] [continuation]</B> of the Loans specified herein, that:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 1in; font-size: 10pt; text-align: justify">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The conversion/continuation date is __________, ____.</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 1in; font-size: 10pt; text-align: justify">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The aggregate amount of the Loans to be <B>[converted]
[continued]</B> is $______________.</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 1in; font-size: 10pt; text-align: justify">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Loans are to be [<B>converted into] [continued
as] [Base Rate] [SOFR]</B> Loans.</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0pt 0pt 1in; font-size: 10pt; text-align: justify">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>[If applicable:]</B> The duration of the Interest
Period for the Loans included in the <B>[conversion] [continuation]</B> shall be _________ months.</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify"></P>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-variant: small-caps">Hub Group, Inc.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 35%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By</TD>
    <TD>__________________________</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name______________________</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title_______________________</TD></TR>
</TABLE>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: -0.25in; margin: 0pt 0 0pt 3.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt; text-indent: -0.25in">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt; text-indent: -0.25in">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt; text-indent: -0.25in">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt; text-indent: -0.25in"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">Exhibit&nbsp;D-1</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">Revolving Note</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 50%"><FONT STYLE="font-variant: small-caps">U.S. $_______________</font></TD>
  <TD STYLE="text-align: right; width: 50%">____________,
______</TD></TR>
</TABLE>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-variant: small-caps">For Value Received</FONT>,
the undersigned, <FONT STYLE="font-variant: small-caps">Hub Group, Inc.</FONT>, a Delaware corporation (the <I>&ldquo;Borrower&rdquo;</I>),
hereby promises to pay to ____________________ (the&nbsp;<I>&ldquo;Lender&rdquo;</I>) or its registered assigns on the Termination Date
of the hereinafter defined Credit Agreement, at the principal office of the Administrative Agent in Chicago, Illinois (or such other location
as the Administrative Agent may designate to the Borrower), in immediately available funds, the principal sum of ___________________ Dollars
($__________) or, if less, the aggregate unpaid principal amount of all Revolving Loans made by the Lender to the Borrower, pursuant to
the Credit Agreement, together with interest on the principal amount of each Revolving Loan from time to time outstanding hereunder at
the rates, and payable in the manner and on the dates, specified in the Credit Agreement.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">This Note is one of the Revolving Notes referred to
in the Credit Agreement dated as of June 20, 2025, among the Borrower, the Guarantors party thereto, the Lenders and L/C&nbsp;Issuer party
thereto, and Bank of Montreal, as Administrative Agent (as extended, renewed, amended or restated from time to time, the <I>&ldquo;Credit
Agreement&rdquo;</I>), and this Note and the holder hereof are entitled to all the benefits provided for thereby or referred to therein,
to which Credit Agreement reference is hereby made for a statement thereof. All defined terms used in this Note, except terms otherwise
defined herein, shall have the same meanings as in the Credit Agreement. This Note shall be governed by and construed in accordance with
the internal laws of the State of Illinois.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">Voluntary prepayments may be made hereon, certain prepayments
are required to be made hereon, and this Note may be declared due prior to the expressed maturity hereof, all in the events, on the terms
and in the manner as provided for in the Credit Agreement.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; text-indent: 0in; margin: 0pt 0"><FONT STYLE="font-variant: small-caps">[Signature Page
to Follow]</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: small-caps"></FONT></P>

<!-- Field: Page; Sequence: 123 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">The Borrower hereby waives demand, presentment, protest
or notice of any kind hereunder.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify"></P>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-variant: small-caps">Hub Group, Inc.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 35%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By</TD>
    <TD>__________________________</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name______________________</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title_______________________</TD></TR>
</TABLE>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>


<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center"></P>

<!-- Field: Page; Sequence: 124 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">Exhibit&nbsp;D-2</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">Swing Note</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 50%"><FONT STYLE="font-variant: small-caps">U.S. $_______________</font></TD>
  <TD STYLE="text-align: right; width: 50%">____________,
______</TD></TR>
</TABLE>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"><FONT STYLE="font-variant: small-caps"></FONT>&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-variant: small-caps">For Value Received</FONT>,
the undersigned, <FONT STYLE="font-variant: small-caps">Hub Group, Inc.</FONT>, a Delaware corporation (the <I>&ldquo;Borrower&rdquo;</I>),
hereby promises to pay to ___________________ (the&nbsp;<I>&ldquo;Lender&rdquo;</I>) or its registered assigns on the Termination Date
of the hereinafter defined Credit Agreement, at the principal office of the Administrative Agent in Chicago, Illinois (or such other location
as the Administrative Agent may designate to the Borrower), in immediately available funds, the principal sum of _______________________________
Dollars ($____________) or, if less, the aggregate unpaid principal amount of all Swingline Loans made by the Lender to the Borrower,
pursuant to the Credit Agreement, together with interest on the principal amount of each Swingline Loan from time to time outstanding
hereunder at the rates, and payable in the manner and on the dates, specified in the Credit Agreement.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">This Note is the Swing Note referred to in the Credit
Agreement dated as of June 20, 2025, among the Borrower, the Guarantors party thereto, the Lenders and L/C&nbsp;Issuer party thereto,
and Bank of Montreal, as Administrative Agent (as extended, renewed, amended or restated from time to time, the <I>&ldquo;Credit Agreement&rdquo;</I>),
and this Note and the holder hereof are entitled to all the benefits provided for thereby or referred to therein, to which Credit Agreement
reference is hereby made for a statement thereof. All defined terms used in this Note, except terms otherwise defined herein, shall have
the same meanings as in the Credit Agreement. This Note shall be governed by and construed in accordance with the internal laws of the
State of Illinois.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">Voluntary prepayments may be made hereon, certain prepayments
are required to be made hereon, and this Note may be declared due prior to the expressed maturity hereof, all in the events, on the terms
and in the manner as provided for in the Credit Agreement.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; text-indent: 0in; margin: 0pt 0"><FONT STYLE="font-variant: small-caps">[Signature Page
to Follow]</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: small-caps"></FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: small-caps"></FONT></P>

<!-- Field: Page; Sequence: 125 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">The Borrower hereby waives demand, presentment, protest
or notice of any kind hereunder.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify"></P>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-variant: small-caps">Hub Group, Inc.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 35%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By</TD>
    <TD>__________________________</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name______________________</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title_______________________</TD></TR>
</TABLE>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify"></P>

<!-- Field: Page; Sequence: 126 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 5pt 0pt 0">Exhibit&nbsp;E</P>

<P STYLE="margin: 0pt 5pt 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">Increase Request</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: normal; font-weight: normal">Dated
_____________, _______</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; text-align: center"><FONT STYLE="font-variant: normal; font-weight: normal">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">To:</TD><TD STYLE="text-align: justify; padding-right: 2.5in">Bank of Montreal<FONT STYLE="font-variant: small-caps">, </FONT>as Administrative
Agent for the Lenders and L/C&nbsp;Issuer party to the Credit Agreement dated as of June 20, 2025, among Hub Group, Inc., as Borrower,
the Guarantors referred to therein, the Lenders and L/C&nbsp;Issuer party thereto from time to time, and the Administrative Agent (as
extended, renewed, amended or restated from time to time, the <I>&ldquo;Credit Agreement&rdquo;</I>)</TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">Ladies and Gentlemen:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">The undersigned, Hub Group, Inc. (the <I>&ldquo;Borrower&rdquo;</I>),
hereby refers to the Credit Agreement and requests that the Administrative Agent consent to an increase in the aggregate Commitments (the
<I>&ldquo;Increase&rdquo;</I>), in accordance with Section&nbsp;2.14 of the Credit Agreement, to be effected by <B>[an increase in the
Commitment of [name of existing Lender]] [the addition of [name of new Lender] (the <I>&ldquo;New Lender&rdquo;</I>), as a Lender under
the terms of the Credit Agreement]</B>. Capitalized terms used herein without definition shall have the same meanings herein as such terms
have in the Credit Agreement.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">After giving effect to such Increase, the Commitment
of the <B>[Lender] [New Lender] </B>shall be $_____________.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; text-indent: 0.5in; margin: 0pt 0"><B>[Include paragraphs 1-4 for a New Lender]</B></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The New Lender hereby confirms that it has received a copy of
the Loan Documents and the exhibits related thereto, together with copies of the documents which were required to be delivered under the
Credit Agreement as a condition to the making of the Loans and other extensions of credit thereunder. The New Lender acknowledges and
agrees that it has made and will continue to make, independently and without reliance upon the Administrative Agent or any other Lender
and based on such documents and information as it has deemed appropriate, its own credit analysis and decisions relating to the Credit
Agreement. The New Lender further acknowledges and agrees that the Administrative Agent has not made any representations or warranties
about the credit worthiness of any Loan Party or any of its Subsidiaries or any other party to the Credit Agreement or any other Loan
Document or with respect to the legality, validity, sufficiency or enforceability of the Credit Agreement or any other Loan Document or
the value of any security therefor.</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify"></P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except as
otherwise provided in the Credit Agreement, effective as of the date of acceptance hereof by the Administrative Agent, the New Lender
(i)&nbsp;shall be deemed automatically to have become a party to the Credit Agreement and have all the rights and obligations of a <I>&ldquo;Lender
&rdquo;</I> under the Credit Agreement as if it were an original signatory thereto and (ii)&nbsp;agrees to be bound by the terms and
conditions set forth in the Credit Agreement as if it were an original signatory thereto.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The New Lender shall deliver to the Administrative Agent a completed
Administrative Questionnaire.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The New Lender has delivered to the Borrower and the Administrative
Agent (or is delivering to the Borrower and the Administrative Agent concurrently herewith), as required, the Tax forms referred to in
Section&nbsp;4.1 of the Credit Agreement.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="font-variant: small-caps">This Agreement
shall be deemed to be a contractual obligation under, and shall be governed by and construed in accordance with, the laws of the state
of Illinois.</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">The Increase shall be effective when the executed consent
of the Administrative Agent is received or otherwise in accordance with Section&nbsp;2.14 of the Credit Agreement, but not in any case
prior to ___________________, ____. It shall be a condition to the effectiveness of the Increase that all expenses referred to in Section&nbsp;2.14
of the Credit Agreement shall have been paid.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">The Borrower hereby certifies that (a)&nbsp;no Default
has occurred and is continuing and (b)&nbsp;each of the representations and warranties set forth in Section 6 of the Credit Agreement
and in the other Loan Documents are and remain true and correct in all material respects on the effective date of this Increase (where
not already qualified by materiality, otherwise in all respects), except to the extent the same expressly relate to an earlier date, in
which case they shall be true and correct in all material respects (where not already qualified by materiality, otherwise in all respects)
as of such earlier date.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: center"><FONT STYLE="font-variant: small-caps">[Signature
Pages to Follow]</FONT></P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 3in">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 3in">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 3in; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 3in; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 3in; font-size: 10pt"></P>

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<P STYLE="margin: 0pt 0 0pt 3in; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">Please indicate your consent to such Increase by signing
the enclosed copy of this letter in the space provided below.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify"></P>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Very truly yours,</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-variant: small-caps">Hub Group, Inc.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 35%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By</TD>
    <TD>__________________________</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name______________________</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title_______________________</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-variant: small-caps">[New or existing Lender increasing Commitments]</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 5%">By</TD>
    <TD STYLE="width: 35%">__________________________</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name______________________</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title_______________________</TD></TR>
</TABLE>


<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">Exhibit&nbsp;F</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">Hub Group, Inc.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">Compliance Certificate</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">To:</TD><TD STYLE="text-align: justify; padding-right: 2.5in">Bank of Montreal, as Administrative Agent under, and the Lenders and L/C&nbsp;Issuer
party to, the Credit Agreement described below</TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">This Compliance Certificate is furnished to the Administrative
Agent, the L/C&nbsp;Issuer, and the Lenders pursuant to that certain Credit Agreement dated as of June 20, 2025, among Hub Group, Inc.,
a Delaware corporation (the <I>&ldquo;Borrower&rdquo;</I>), the Guarantors referred to therein, the Lenders and L/C&nbsp;Issuer party
thereto from time to time, and Bank of Montreal, as Administrative Agent (as extended, renewed, amended or restated from time to time,
the <I>&ldquo;Credit Agreement&rdquo;</I>). Unless otherwise defined herein, the terms used in this Compliance Certificate have the meanings
ascribed thereto in the Credit Agreement.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="font-variant: small-caps">The Undersigned
hereby certifies that:</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I am the __________________________ of the Borrower;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I have reviewed the terms of the Credit Agreement and I have
made, or have caused to be made under my supervision, a detailed review of the transactions and conditions of the Borrower and its Subsidiaries
during the accounting period covered by the attached financial statements;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The examinations described in paragraph&nbsp;2 did not disclose,
and I have no knowledge of, the existence of any condition or the occurrence of any event which constitutes a Default or Event of Default
during or at the end of the accounting period covered by the attached financial statements or as of the date of this Compliance Certificate,
except as set forth below;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The financial statements required by Section&nbsp;8.4 of the
Credit Agreement and being furnished to you concurrently with this Compliance Certificate, to the best of my knowledge, fairly present
in all material respects the consolidated financial condition of the Borrower and the consolidated results of its operations and cash
flows as of the dates and for the periods covered thereby; and</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schedule&nbsp;I hereto sets forth financial data and computations
evidencing the Borrower&rsquo;s compliance with certain covenants of the Credit Agreement, all of which data and computations are, to
the best of my knowledge, true, complete and correct and have been made in accordance with the relevant Sections of the Credit Agreement.
In the event of a conflict between the attached spreadsheet and any certifications relating thereto and the Credit Agreement and related
definitions used in calculating such covenants, the Credit Agreement and such related definitions shall govern and control.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">Described below are the exceptions, if any, to paragraph&nbsp;3
by listing, in detail, the nature of the condition or event, the period during which it has existed and the action which the Borrower
has taken, is taking, or proposes to take with respect to each such condition or event:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">_______________________________________________________________________________________________</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">_______________________________________________________________________________________________</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">_______________________________________________________________________________________________</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">_______________________________________________________________________________________________</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">The foregoing certifications, together with the computations
set forth in Schedule&nbsp;I hereto and the financial statements delivered with this Certificate in support hereof, are made and delivered
this ______ day of __________________ 20___.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt; font-size: 10pt; text-align: justify"></P>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-variant: small-caps">Hub Group, Inc.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 35%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By</TD>
    <TD>__________________________</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name______________________</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title_______________________</TD></TR>
</TABLE>

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>


<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt"></P>

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<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">Schedule I</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">to Compliance Certificate</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">Hub Group, Inc.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">Compliance Calculations for</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">Credit Agreement dated as of
June 20, 2025</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="font-variant: small-caps">Calculations
as of _____________, 20___</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center; text-indent: 0.5in"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; font-variant: small-caps; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5%">A.</TD><TD STYLE="width: 95%">Total Net Leverage Ratio (Section&nbsp;8.15<FONT STYLE="font-variant: normal">(a)</FONT>)</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%">&nbsp;</TD>
<TD STYLE="width: 5%">1.</TD><TD STYLE="width: 65%">Total Funded Debt, as set forth on Schedule II</TD>
                                                            <TD STYLE="width: 25%">$_____________</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5%"></TD><TD STYLE="width: 5%">2.</TD><TD STYLE="width: 65%">Unrestricted Cash and Cash Equivalents (not to exceed $100,000,000)</TD>
                                                            <TD STYLE="width: 25%">$_____________</TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-indent: -27.35pt; margin: 0pt 0 0pt 63.35pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5%"></TD><TD STYLE="width: 5%">3.</TD><TD STYLE="width: 65%">Net Income, as defined, for the four most recently completed fiscal quarters</TD>
                                                            <TD STYLE="width: 25%">$_____________</TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-indent: -27pt; margin: 0pt 0 0pt 63pt"></P>

<P STYLE="font-size: 10pt; text-indent: -27pt; margin: 0pt 0 0pt 63pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5%"></TD><TD STYLE="width: 5%">4.</TD><TD STYLE="padding-right: 2.5in; width: 90%">Amounts deducted in arriving at Net Income in respect of:</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 5%">(a)</TD><TD STYLE="width: 60%">Interest Expense, as defined</TD>
                                                               <TD STYLE="width: 25%">$_____________</TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-indent: -0.35pt; margin: 0pt 0 0pt 63.35pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 5%">(b)</TD><TD STYLE="width: 60%">Taxes (including federal, state and local income taxes)</TD>
                                                                   <TD STYLE="width: 25%">$_____________</TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-indent: -27.35pt; margin: 0pt 0 0pt 1.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 5%">(c)</TD><TD STYLE="width: 60%">Depreciation and amortization</TD>
                                                                   <TD STYLE="width: 25%">$_____________</TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-indent: -27.35pt; margin: 0pt 0 0pt 1.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 5%">(d)</TD><TD STYLE="width: 60%">Adjustments for non-cash stock-based compensation</TD>
                                                                   <TD STYLE="width: 25%">$_____________</TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-indent: -27.35pt; margin: 0pt 0 0pt 1.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 5%">(e)</TD><TD STYLE="width: 60%"><P STYLE="margin-top: 0; margin-bottom: 0">Pro forma EBITDA in connection with Permitted Acquisitions consummated during the four
                                                                                 fiscal quarter period (including cash and non-cash adjustments)</P></TD>
                                                                   <TD STYLE="width: 25%"><P STYLE="margin-top: 0; margin-bottom: 0">$_____________</P></TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-indent: 0in; margin: 0pt 0 0pt 1.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 5%">(f)</TD><TD STYLE="width: 60%">Factually supportable adjustments made in accordance with Regulation S-X under the Securities Act of 1933</TD>
                                                                   <TD STYLE="width: 25%">$_____________</TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-indent: 0in; margin: 0pt 0 0pt 1.25in"></P>

<P STYLE="font-size: 10pt; text-indent: -27.35pt; margin: 0pt 0 0pt 1.25in">&nbsp;</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0 0pt 1.25in; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 5%">(g)</TD><TD STYLE="width: 60%">Adjustments for demonstrable cost savings and operating expense deductions related to Permitted Acquisitions
or disposition of assets or reasonably anticipated by the Borrower to be achieved in connection with a Permitted Acquisition or disposition
of assets within 12-months<SUP>1</sup></TD>
                                                                   <TD STYLE="width: 25%">$_____________</TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-indent: 0in; margin: 0pt 0 0pt 1.25in"></P>

<P STYLE="font-size: 10pt; text-indent: -27.35pt; margin: 0pt 0 0pt 1.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 5%">(h)</TD><TD STYLE="width: 60%">Non-cash charges not reserved for future cash charges&#9;</TD>
                                                                   <TD STYLE="width: 25%">$_____________</TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-indent: -27.35pt; margin: 0pt 0 0pt 1.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 5%">(i)</TD><TD STYLE="width: 60%">Cash charges for transaction fees, costs and expenses in connection with a Permitted Acquisition or
closing of the Credit Agreement or dispositions permitted by Section 8.8(b) of the Credit Agreement</TD>
                                                                   <TD STYLE="width: 25%">$_____________</TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-indent: 0in; margin: 0pt 0 0pt 1.25in">&#9;</P>

<P STYLE="font-size: 10pt; text-indent: -27.35pt; margin: 0pt 0 0pt 1.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 5%">(j)</TD><TD STYLE="width: 60%">Other add-backs accounting for no more than 10% of EBITDA at any
                                            time with Administrative Agent approval<SUP>2</SUP></TD>
                                                                   <TD STYLE="width: 25%">$_____________</TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-indent: 0in; margin: 0pt 0 0pt 1.25in"></P>

<P STYLE="font-size: 10pt; text-indent: -27.35pt; margin: 0pt 0 0pt 1.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5%"></TD><TD STYLE="width: 5%">5.</TD><TD STYLE="width: 65%">Sum of Lines A3 <I>plus</I> A4 (a) through (j) (<I>&ldquo;EBITDA&rdquo;</I>)</TD>
                                                            <TD STYLE="width: 25%">$_____________</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5%"></TD><TD STYLE="width: 5%">6</TD><TD STYLE="width: 65%">Line A1 <I>minus</I> Line A2</TD>
                                                           <TD STYLE="width: 25%">$_____________</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5%"></TD><TD STYLE="width: 5%">7.</TD><TD STYLE="width: 65%">Ratio of Line A6 to Line A5 (<I>&ldquo;Total Net Leverage Ratio&rdquo;</I>)</TD>
                                                            <TD STYLE="width: 25%"> ____ : ____</TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-indent: -27.35pt; margin: 0pt 0 0pt 63.35pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5%"></TD><TD STYLE="width: 5%">8.</TD><TD STYLE="padding-right: 4.3pt; width: 65%">As listed in Section&nbsp;8.15(a), for the date of this Certificate, the Total Net Leverage Ratio shall not be greater than</TD>
                                                            <TD STYLE="padding-right: 4.3pt; width: 25%">3.00 : 1:00<SUP>3</SUP></TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-indent: -27.35pt; margin: 0pt 4.5pt 0pt 63.35pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5%"></TD><TD STYLE="width: 5%">9.</TD><TD STYLE="padding-right: 4.5pt; width: 65%">Borrower is in compliance? (circle yes or no)</TD>
                                                            <TD STYLE="padding-right: 4.5pt; width: 25%"><FONT STYLE="text-decoration: underline double">&nbsp;&nbsp;&nbsp;Yes/No&nbsp;&nbsp;&nbsp;</FONT></TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-indent: -0.35pt; margin: 0pt 2.5in 0pt 63.35pt"></P>

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

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

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<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 3%"><SUP>1</SUP></TD>
  <TD STYLE="width: 97%">Line A4(g) may only be added if the sum of Lines A4(f) and (g) does not exceed 10% of the amount which could have been included in EBITDA
in the absence of adding Lines A4(f) and (g).</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD><SUP>&nbsp;</SUP></TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD><SUP>2</SUP></TD>
  <TD>Add-backs under Line A4(j) accounting for more than 10% of EBITDA shall be permitted with prior consent of the Required Lenders</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD><SUP>&nbsp;</SUP></TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD><SUP>3</SUP></TD>
  <TD>As of the close of each
of the four fiscal quarters occurring after the consummation of a Permitted Acquisition with aggregate consideration of $150,000,000 or
more, the required Total Net Leverage Ratio shall not be more than 3.50 to 1.00.</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; font-variant: small-caps; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 36pt">B.</TD><TD>Interest Coverage Ratio (Section&nbsp;8.15<FONT STYLE="font-variant: normal">(b)</FONT>)</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5%"></TD><TD STYLE="width: 5%">1.</TD><TD STYLE="width: 65%">Cash Interest Expense, as defined, for the four fiscal quarter period then ended</TD>
                                                            <TD STYLE="width: 25%">$_____________</TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-indent: -27.35pt; margin: 0pt 0 0pt 63.35pt"></P>

<P STYLE="font-size: 10pt; text-indent: -27.35pt; margin: 0pt 0 0pt 63.35pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5%"></TD><TD STYLE="width: 5%">2.</TD><TD STYLE="width: 65%">EBITDA (from Line A5)</TD>
                                                            <TD STYLE="width: 25%">$_____________</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5%"></TD><TD STYLE="width: 5%">3.</TD><TD STYLE="padding-right: 4.3pt; width: 65%">Ratio of EBITDA (Line B2) to cash Interest Expense (Line B1) (<I>&ldquo;Interest Coverage Ratio&rdquo;</I>)</TD>
                                                            <TD STYLE="padding-right: 4.3pt; width: 25%"> ____ : ____</TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-indent: -27pt; margin: 0pt 4.5pt 0pt 63pt"></P>

<P STYLE="font-size: 10pt; text-indent: -27pt; margin: 0pt 4.5pt 0pt 63pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5%"></TD><TD STYLE="width: 5%">4.</TD><TD STYLE="width: 65%">As listed in Section&nbsp;8.15(b), for the date of this Certificate, the Interest Coverage Ratio shall not be less than</TD>
                                                            <TD STYLE="width: 25%">3.00 : 1:00</TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-indent: -27.35pt; margin: 0pt 0 0pt 63.35pt"></P>

<P STYLE="font-size: 10pt; text-indent: -27.35pt; margin: 0pt 0 0pt 63.35pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5%"></TD><TD STYLE="width: 5%">5.</TD><TD STYLE="width: 65%">Borrower is in compliance? (circle yes or no)</TD>
                                                            <TD STYLE="width: 25%"><FONT STYLE="text-decoration: underline double">&nbsp;&nbsp;&nbsp;Yes/No&nbsp;&nbsp;&nbsp;</FONT></TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-indent: 0pt; margin: 0pt 0 0pt 63pt"></P>

<P STYLE="font-size: 10pt; text-indent: 0pt; margin: 0pt 0 0pt 63pt">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt"></P>

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<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">Schedule II</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">to the Compliance Certificate</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: normal; font-weight: normal">($
in 000&rsquo;s)</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; text-align: center"><FONT STYLE="font-variant: normal; font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0"><FONT STYLE="font-variant: normal">Total
Funded Debt</FONT></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0.5in">(in accordance with the definition of</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0.5in">Total Funded Debt as set forth in the Credit Agreement)</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 65%; border: Black 1pt solid; padding-left: 2.15pt">&nbsp;</TD>
    <TD STYLE="width: 35%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid">
    <P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0 0pt 4.5pt">&nbsp;</P>
    <P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0 0pt 4.5pt"><B>[Insert Date]</B></P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">
    <P STYLE="font-size: 10pt; margin: 0pt 9pt 0pt 12.35pt">&nbsp;</P>
    <P STYLE="margin: 0pt 9pt 0pt 12.35pt; font-size: 10pt">(a) all Indebtedness of the Hub Group at such time</P>
    <P STYLE="font-size: 10pt; margin: 0pt 9pt 0pt 12.35pt">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 4.55pt; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">$__________</FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">
    <P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 9pt 0pt 12.35pt">&nbsp;</P>
    <P STYLE="margin: 0pt 9pt 0pt 12.35pt; font-size: 10pt; text-align: justify">(b) all Indebtedness of any other Person which is directly
    or indirectly guaranteed by any member of the Hub Group or which any member of the Hub Group has agreed (contingently or otherwise) to
    purchase or otherwise acquire or in respect of which any member of the Hub Group has otherwise assured a creditor against loss (but in
    no event will include operating leases)</P>
    <P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 9pt 0pt 12.35pt">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 4.75pt; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">$__________</FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 12.35pt"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">= Total Funded Debt</FONT></P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 4.75pt; text-align: center"><FONT STYLE="font-size: 10pt">$__________</FONT></TD></TR>
  </TABLE>

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

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="margin-top: 0; margin-bottom: 0"></P>
<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">Exhibit&nbsp;G</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">Additional Guarantor Supplement</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: right; text-indent: 0.5in; margin: 0pt 0">______________, ___</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 184.5pt 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 184.5pt 0pt 0; font-size: 10pt; text-align: justify">Bank of Montreal<FONT STYLE="font-variant: small-caps">, </FONT>as
Administrative Agent for the Lenders and L/C&nbsp;Issuer party to the Credit Agreement dated as of June 20, 2025, among Hub Group, Inc.,
as Borrower, the Guarantors referred to therein, the Lenders and L/C&nbsp;Issuer party thereto from time to time, and the Administrative
Agent (as extended, renewed, amended or restated from time to time, the <I>&ldquo;Credit Agreement&rdquo;</I>)</P>

<P STYLE="margin: 0pt 184.5pt 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Ladies and Gentlemen:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">Reference is made to the Credit Agreement described
above. Terms not defined herein which are defined in the Credit Agreement shall have for the purposes hereof the meanings provided therein.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">The undersigned, <B>[name of Guarantor]</B>, a <B>[jurisdiction
of incorporation or organization]</B> hereby elects to be a <I>&ldquo;Guarantor&rdquo;</I> for all purposes of the Credit Agreement, effective
from the date hereof. The undersigned confirms that the representations and warranties set forth in Section&nbsp;6 of the Credit Agreement
are true and correct in all material respects (where not already qualified by materiality, otherwise in all respects) as to the undersigned
as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true
and correct in all material respects (where not already qualified by materiality, otherwise in all respects) as of such earlier date)
and the undersigned shall comply with each of the covenants set forth in Section&nbsp;8 of the Credit Agreement applicable to it.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">Without limiting the generality of the foregoing, the
undersigned hereby agrees to perform all the obligations of a Guarantor under, and to be bound in all respects by the terms of, the Credit
Agreement, including without limitation Section&nbsp;12 thereof, to the same extent and with the same force and effect as if the undersigned
were a signatory party thereto.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">The undersigned acknowledges that this Agreement shall
be effective upon its execution and delivery by the undersigned to the Administrative Agent, and it shall not be necessary for the Administrative
Agent, the L/C&nbsp;Issuer, or any Lender, or any of their Affiliates entitled to the benefits hereof, to execute this Agreement or any
other acceptance hereof. This Agreement shall be construed in accordance with and governed by the internal laws of the State of Illinois.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: -0.25in; margin: 0pt 0 0pt 3.5in"></P>

<P STYLE="font-size: 10pt; text-indent: -0.25in; margin: 0pt 0 0pt 3.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: -0.25in; margin: 0pt 0 0pt 3.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>Very truly yours,</TD></TR>
                                                                                                                 <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                                                 <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>[Name of Guarantor]</TD></TR>
                                                                                                                 <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                                                 <TR STYLE="vertical-align: top">
<TD></TD><TD>By ___________________________</TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD>Name_________________________ </TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 60%"></TD><TD STYLE="width: 40%">Title__________________________</TD></TR></TABLE>

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<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">Exhibit&nbsp;H</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">Assignment and Assumption</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">This Assignment and Assumption (the <I>&ldquo;Assignment
and Assumption&rdquo;</I>) is dated as of the Effective Date set forth below and is entered into by and between <B>[the][each]</B><FONT STYLE="font-size: 10pt"><SUP>4</SUP></FONT>
Assignor identified in item 1 below (<B>[the][each, an]</B> <I>&ldquo;Assignor&rdquo;</I>) and <B>[the][each]</B><FONT STYLE="font-size: 10pt"><SUP>5</SUP></FONT>
Assignee identified in item&nbsp;2 below ([the][each, an] <I>&ldquo;Assignee&rdquo;</I>). <B>[It is understood and agreed that the
rights and obligations of [the Assignors][the Assignees]</B><FONT STYLE="font-size: 10pt"><SUP>6 </SUP></FONT><B>hereunder are
several and not joint.]</B><FONT STYLE="font-size: 10pt"><SUP>7</SUP></FONT> Capitalized terms used but not defined herein shall
have the meanings given to them in the Credit Agreement identified below (as amended, the <I>&ldquo;Credit Agreement&rdquo;</I>),
receipt of a copy of which is hereby acknowledged by <B>[the][each]</B> Assignee. The Standard Terms and Conditions set forth in
Annex&nbsp;1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and
Assumption as if set forth herein in full.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">For an agreed consideration, <B>[the][each]</B> Assignor
hereby irrevocably sells and assigns to <B>[the Assignee][the respective Assignees]</B>, and <B>[the][each]</B> Assignee hereby irrevocably
purchases and assumes from <B>[the Assignor][the respective Assignors]</B>, subject to and in accordance with the Standard Terms and Conditions
and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below (i)&nbsp;all of <B>[the
Assignor&rsquo;s][the respective Assignors&rsquo;]</B> rights and obligations in <B>[its capacity as a Lender][their respective capacities
as Lenders]</B> under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to
the amount and percentage interest identified below of all of such outstanding rights and obligations of <B>[the Assignor][the respective
Assignors]</B> under the respective facilities identified below (including without limitation any letters of credit, guarantees, and swingline
loans included in such facilities), and (ii)&nbsp;to the extent permitted to be assigned under Applicable Law, all claims, suits, causes
of action and any other right of <B>[the Assignor (in its capacity as a Lender)][the respective Assignors (in their respective capacities
as Lenders)]</B> against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents
or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing,
including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity
related to the rights and obligations sold and assigned pursuant to clause&nbsp;(i) above (the rights and obligations sold and assigned
by <B>[the][any]</B> Assignor to <B>[the][any]</B> Assignee pursuant to clauses&nbsp;(i) and (ii) above being referred to herein collectively
as <B>[the][an]</B> <I>&ldquo;Assigned Interest&rdquo;</I>). Each such sale and assignment is without recourse to <B>[the][any]</B> Assignor
and, except as expressly provided in this Assignment and Assumption, without representation or warranty by <B>[the][any]</B> Assignor.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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

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<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 3%"><SUP>4</SUP></TD>
  <TD STYLE="width: 97%">For bracketed language here and elsewhere in this form relating to the Assignor(s), if the assignment
is from a single Assignor, choose the first bracketed language. If the assignment is from multiple Assignors, choose the second bracketed
language.</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD><SUP>&nbsp;</SUP></TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD><SUP>5</SUP></TD>
  <TD>For bracketed language here and elsewhere in this form relating to the Assignee(s), if the assignment
is to a single Assignee, choose the first bracketed language. If the assignment is to multiple Assignees, choose the second bracketed
language.</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD><SUP>&nbsp;</SUP></TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD><SUP>6</SUP></TD>
  <TD>Select as appropriate.</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD><SUP>&nbsp;</SUP></TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD><SUP>7</SUP></TD>
  <TD>Include bracketed language if there are either multiple Assignors or multiple Assignees.</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

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

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"></P>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>1.</TD><TD STYLE="text-align: justify">Assignor<B>[s]</B>:</TD>
                                                              <TD STYLE="text-align: justify">________________________________</TD></TR>
                                                                                                                 <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD>
                                                              <TD STYLE="text-align: justify">&nbsp;</TD></TR>
                                                                                                                 <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD>
                                                              <TD STYLE="text-align: justify">________________________________</TD></TR>
                                                                                                                 <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD>
                                                              <TD STYLE="text-align: justify">&nbsp;</TD></TR>
                                                                                                                 <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD COLSPAN="2" STYLE="text-align: justify"><B>[Assignor [is] [is not] a Defaulting Lender]</B></TD></TR>
                                                                                                                 <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD>
                                                              <TD STYLE="text-align: justify">&nbsp;</TD></TR>
                                                                                                                 <TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">2.</TD><TD STYLE="text-align: justify">Assignee<B>[s]</B>:</TD>
                                                              <TD STYLE="text-align: justify">________________________________</TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD>
                                                              <TD STYLE="text-align: justify">&nbsp;</TD></TR>
                                                                                                                                        <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD>
                                                              <TD STYLE="text-align: justify">________________________________</TD></TR>
                                                                                                                                        <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD>
                                                              <TD STYLE="text-align: justify">&nbsp;</TD></TR>
                                                                                                                                        <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD COLSPAN="2" STYLE="text-align: justify"><B>[for each Assignee, indicate [Affiliate][Approved Fund]
                              of [<I>identify Lender</I>]]</B></TD></TR>
                                                                                                                                        </TABLE>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0in; margin: 0pt 0 0pt 2.5in"></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 1in; font-size: 10pt; text-align: justify"></P>

<P STYLE="margin: 0pt 0 0pt 1in; font-size: 10pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">3.</TD><TD STYLE="text-align: justify">Borrower(s): Hub Group, Inc.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">4.</TD><TD STYLE="text-align: justify">Administrative Agent:&nbsp;&nbsp;&nbsp; Bank of Montreal, as the administrative agent under the Credit Agreement</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">5.</TD><TD STYLE="text-align: justify">Credit Agreement: Credit Agreement dated as of June 20, 2025 among Hub Group, Inc., as Borrower, the Guarantors
party thereto, the Lenders parties thereto, Bank of Montreal, as Administrative Agent, and the other agents parties thereto</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">6.</TD><TD STYLE="text-align: justify">Assigned Interest[s]:</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 14%; border: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">Assignor[s]</FONT><FONT STYLE="font-size: 10pt"><SUP>8</SUP></FONT></TD>
    <TD STYLE="width: 14%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">Assignee[s]<SUP>9</SUP></FONT></TD>
    <TD STYLE="width: 15%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">Facility
    Assigned<SUP>10</SUP></FONT></TD>
    <TD STYLE="width: 21%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">Aggregate
    Amount of Commitment/Loans for all Lenders<SUP>11</SUP></FONT></TD>
    <TD STYLE="width: 19%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">Amount of Commitment/Loans Assigned</FONT><FONT STYLE="font-size: 12pt; font-variant: small-caps"><SUP>8</SUP></FONT></TD>
    <TD STYLE="width: 17%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">Percentage
    Assigned of Commitment/<BR>
    Loans<SUP>12</SUP></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">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">$</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">$</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">%</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">$</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">$</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">%</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">$</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">$</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">%</TD></TR>
  </TABLE>
<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"></P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 3%"><SUP>8</SUP></TD>
    <TD STYLE="width: 97%">List each Assignor, as appropriate.</TD></TR>
  <TR STYLE="vertical-align: top; text-align: left">
    <TD><SUP>&nbsp;</SUP></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; text-align: left">
    <TD><SUP>9</SUP></TD>
    <TD>List each Assignee, as appropriate.</TD></TR>
  <TR STYLE="vertical-align: top; text-align: left">
    <TD><SUP>&nbsp;</SUP></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; text-align: left">
    <TD><SUP>10</SUP></TD>
    <TD>Fill in the appropriate terminology for the types of facilities under the Credit Agreement that are
being assigned under this Assignment (e.g., &ldquo;Revolving Credit Commitment,&rdquo; &ldquo;Term Loan Commitment,&rdquo; etc.)</TD></TR>
  <TR STYLE="vertical-align: top; text-align: left">
    <TD><SUP>&nbsp;</SUP></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; text-align: left">
    <TD><SUP>11</SUP></TD>
    <TD>Amount to be adjusted by the counterparties to take into account any payments or prepayments made between
the Trade Date and the Effective Date.</TD></TR>
  <TR STYLE="vertical-align: top; text-align: left">
    <TD><SUP>&nbsp;</SUP></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; text-align: left">
    <TD><SUP>12</SUP></TD>
    <TD>Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder.</TD></TR>
  </TABLE>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><B>[7.</B></TD><TD STYLE="text-align: justify"><B>Trade Date:&nbsp;</B>&nbsp;&nbsp;&nbsp;&nbsp;______________]<FONT STYLE="font-size: 10pt"><SUP>13</SUP></FONT></TD></TR>
</TABLE>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&#9;&#9;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center"><FONT STYLE="font-variant: small-caps"></FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 3%"><SUP>13</SUP></TD>
    <TD STYLE="width: 97%">To be completed if the Assignor(s) and the Assignee(s) intend that the minimum assignment amount
is to be determined as of the Trade Date.</TD></TR>
</TABLE>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center"><FONT STYLE="font-variant: small-caps"></FONT></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">Effective Date: ________________, 20___ <B>[To be inserted
by Administrative Agent and which shall be the effective date of recordation of transfer in the register therefor.]</B></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">The terms set forth in this Assignment and Assumption
are hereby agreed to:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: -0.25in; margin: 0pt 0 0pt 3.5in"></P>

<P STYLE="font-size: 10pt; text-indent: -0.25in; margin: 0pt 0 0pt 3.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD COLSPAN="2"><FONT STYLE="font-variant: small-caps">Assignor[s</FONT>]<FONT STYLE="font-size: 10pt"><SUP>14</SUP></FONT></TD></TR>
                                                                                                                 <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                                                 <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD COLSPAN="2">[<FONT STYLE="font-variant: small-caps">Name of Assignor</FONT>]</TD></TR>
                                                                                                                 <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                                                 <TR STYLE="vertical-align: top">
<TD STYLE="width: 60%"></TD><TD STYLE="width: 5%">By:</TD><TD STYLE="width: 35%">__________________________</TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Name:_____________________</TD></TR>
                                                                                                                   <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Title:______________________</TD></TR>
                                                                                                                   <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                                                   <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD COLSPAN="2">[<FONT STYLE="font-variant: small-caps">Name of Assignor</FONT>]</TD></TR>
                                                                                                                   <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">
<TD></TD><TD>By:</TD><TD>__________________________</TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Name:_____________________</TD></TR>
                                                                                                                   <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Title:______________________</TD></TR>
                                                                                                                   <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                                                   <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD COLSPAN="2"><FONT STYLE="font-variant: small-caps">Assignee[s</FONT>]<FONT STYLE="font-size: 10pt"><SUP>15</SUP></FONT></TD></TR>
                                                                                                                   <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                                                   <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD COLSPAN="2"><FONT STYLE="font-variant: small-caps">[Name of Assignee]</font></TD></TR>
                                                                                                                   <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">
<TD></TD><TD>By:</TD><TD>__________________________</TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Name:_____________________</TD></TR>
                                                                                                                   <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Title:______________________</TD></TR>
                                                                                                                   <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                                                   <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD COLSPAN="2"><FONT STYLE="font-variant: small-caps">[Name of Assignee]</FONT></TD></TR>
                                                                                                                   <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">
<TD></TD><TD>By:</TD><TD>__________________________</TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Name:_____________________</TD></TR>
                                                                                                                   <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Title:______________________</TD></TR>
                                                                                                                   </TABLE>

<P STYLE="font-size: 10pt; text-indent: -0.25in; margin: 0pt 0 0pt 3.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt; text-indent: -0.25in">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt; text-indent: -0.25in">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt; text-indent: -0.25in"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt; text-indent: -0.25in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 3%"><SUP>14</SUP></TD>
    <TD STYLE="width: 97%">Add additional signature blocks as needed. Include both Fund/Pension Plan and manager making the
trade (if applicable).</TD></TR>
  <TR STYLE="vertical-align: top; text-align: left">
    <TD><SUP>&nbsp;</SUP></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; text-align: left">
    <TD><SUP>15</SUP></TD>
    <TD>Add additional signature blocks as needed. Include both Fund/Pension Plan and manager making the
trade (if applicable).</TD></TR>
  </TABLE>

<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt; text-indent: -0.25in"></P>

<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt; text-indent: -0.25in">&nbsp;</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt"></P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><B>[Consented to and]</B><FONT STYLE="font-size: 10pt"><SUP>16</SUP></FONT>
Accepted:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><FONT STYLE="font-variant: small-caps">Bank of Montreal</FONT>, as</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;&nbsp;Administrative Agent</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 5%">By:</TD><TD STYLE="width: 95%">__________________________</TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>Name:_____________________</TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>Title:______________________</TD></TR>
</TABLE>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt"></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>[Consented to:]</B><FONT STYLE="font-size: 10pt"><SUP>17</SUP></FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt"><FONT STYLE="font-size: 10pt; vertical-align: baseline">&nbsp;</FONT></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><FONT STYLE="font-variant: small-caps">[Name of Relevant Party]</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt"><P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 5%">By:</TD><TD STYLE="width: 95%">__________________________</TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>Name:_____________________</TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>Title:______________________</TD></TR>
</TABLE>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 3%"><SUP>16</SUP></TD>
    <TD STYLE="width: 97%">To be added only if the consent of the Administrative Agent is required by the terms of the Credit
Agreement.</TD></TR>
  <TR STYLE="vertical-align: top; text-align: left">
    <TD><SUP>&nbsp;</SUP></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; text-align: left">
    <TD><SUP>17</SUP></TD>
    <TD>To be added only if the consent of the Borrower and/or other parties (e.g. Swingline Lender, L/C
Issuer) is required by the terms of the Credit Agreement.</TD></TR>
  </TABLE>

<P STYLE="margin: 0pt 0; font-size: 10pt"></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"></P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">Annex 1</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">Standard Terms and Conditions
for<BR>
Assignment and Assumption</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 8%; font-size: 10pt; font-variant: small-caps; text-align: left; text-indent: 0pt; padding-left: 0pt">Section&nbsp;1.</TD>
    <TD STYLE="width: 92%; font-size: 10pt; font-variant: small-caps; text-align: left">Representations and Warranties.</TD></TR>
  </TABLE>


<P STYLE="margin: 0pt 0 0pt 84.95pt; font-size: 10pt; font-variant: small-caps; text-indent: -84.95pt">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;1.1.</I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Assignor[s].</I> <B>[The][Each] </B>Assignor
(a)&nbsp;represents and warrants that (i)&nbsp;it is the legal and beneficial owner of [the][the relevant] Assigned Interest, (ii)&nbsp;<B>[the][such]</B>
Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, (iii)&nbsp;it has full power and authority, and has
taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby
and (iv)&nbsp;it is <B>[not]</B> a Defaulting Lender; and (b)&nbsp;assumes no responsibility with respect to (i)&nbsp;any statements,
warranties or representations made in or in connection with the Credit Agreement or any other Loan Document, (ii)&nbsp;the execution,
legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents, (iii)&nbsp;the financial condition of the
Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document, or (iv)&nbsp;the performance
or observance by the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under
any Loan Document.</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt; text-indent: 0.5in; font-size: 10pt; text-align: justify"><I>Section&nbsp;1.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assignee[s].</I> <B>[The][Each]</B> Assignee
(a)&nbsp;represents and warrants that (i)&nbsp;it has full power and authority, and has taken all action necessary, to execute and deliver
this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement,
(ii)&nbsp;it meets all the requirements to be an assignee under Section&nbsp;13.2(b)(iii), (v) and (vi) of the Credit Agreement (subject
to such consents, if any, as may be required under Section&nbsp;13.2(b)(iii) of the Credit Agreement), (iii)&nbsp;from and after the Effective
Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of <B>[the][the relevant]</B>
Assigned Interest, shall have the obligations of a Lender thereunder, (iv)&nbsp;it is sophisticated with respect to decisions to acquire
assets of the type represented by the Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire
the Assigned Interest, is experienced in acquiring assets of such type, (v)&nbsp;it has received a copy of the Credit Agreement, and has
received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section&nbsp;8.4
thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision
to enter into this Assignment and Assumption and to purchase <B>[the][such]</B> Assigned Interest, (vi)&nbsp;it has, independently and
without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate,
made its own credit analysis and decision to enter into this Assignment and Assumption and to purchase <B>[the][such]</B> Assigned Interest,
and (vii)&nbsp;attached to the Assignment and Assumption is any documentation required to be delivered by it pursuant to the terms of
the Credit Agreement, duly completed and executed by <B>[the][such]</B> Assignee; and (b)&nbsp;agrees that (i)&nbsp;it will, independently
and without reliance on the Administrative Agent, <B>[the][any]</B> Assignor or any other Lender, and based on such documents and information
as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents,
and (ii)&nbsp;it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required
to be performed by it as a Lender.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-variant: small-caps; text-align: left; text-indent: 0pt; padding-left: 0pt; width: 8%">Section&nbsp;2.</TD>
    <TD STYLE="width: 92%; font-size: 10pt; font-variant: small-caps; text-align: left">Payments.</TD></TR>
  </TABLE>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"></P>

<P STYLE="font-size: 10pt; font-variant: small-caps; text-indent: -84.95pt; margin: 0pt 0 0pt 84.95pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">From and after the Effective Date, the Administrative
Agent shall make all payments in respect of <B>[the][each]</B> Assigned Interest (including payments of principal, interest, fees and
other amounts) to <B>[the][the relevant]</B> Assignee whether such amounts have accrued prior to, on or after the Effective Date. The
Assignor<B>[s] </B>and the Assignee<B>[s]</B> shall make all appropriate adjustments in payments by the Administrative Agent for periods
prior to the Effective Date or with respect to the making of this assignment directly between themselves. Notwithstanding the foregoing,
the Administrative Agent shall make all payments of interest, fees or other amounts paid or payable in kind from and after the Effective
Date to <B>[the][the relevant]</B> Assignee.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-variant: small-caps; text-align: left; text-indent: 0pt; padding-left: 0pt; width: 8%">Section&nbsp;3.</TD>
    <TD STYLE="font-size: 10pt; font-variant: small-caps; text-align: left; width: 92%">General Provisions.</TD></TR>
</TABLE>

<P STYLE="margin: 0pt 0 0pt 84.95pt; font-size: 10pt; font-variant: small-caps; text-indent: -84.95pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">This Assignment and Assumption shall be binding upon,
and inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed
in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature page
of this Assignment and Assumption by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and
Assumption. This Assignment and Assumption shall be governed by, and construed in accordance with, the law of the State of Illinois.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">Exhibit I-1</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">[Form of]<BR>
U.S. Tax Compliance Certificate</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: normal; font-weight: normal">(For
Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes)</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; text-align: center"><FONT STYLE="font-variant: normal; font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">Reference is made to the Credit Agreement dated as
of June 20, 2025 (as extended, renewed, amended or restated from time to time, the <I>&ldquo;Credit Agreement&rdquo;</I>) among Hub Group,
Inc., as Borrower, the Guarantors party thereto, the Lenders and L/C&nbsp;Issuer party thereto, and Bank of Montreal, as Administrative
Agent (the <I>&ldquo;Administrative Agent&rdquo;</I>). Terms defined in the Credit Agreement are used herein with the same meaning.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">Pursuant to the provisions of Section&nbsp;4.1 of the
Credit Agreement, the undersigned hereby certifies that (i)&nbsp;it is the sole record and beneficial owner of the Loan(s) (as well as
any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii)&nbsp;it is not a bank within the meaning
of Section&nbsp;881(c)(3)(A) of the Code, (iii)&nbsp;it is not a ten percent shareholder of the Borrower within the meaning of Section&nbsp;871(h)(3)(B)
of the Code and (iv)&nbsp;it is not a controlled foreign corporation related to the Borrower as described in Section&nbsp;881(c)(3)(C)
of the Code.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">The undersigned has furnished the Administrative Agent
and the Borrower with a certificate of its non-U.S. Person status on an applicable IRS Form W-8 (i.e., IRS Form W-8BEN or IRS Form W-8BEN-E).
By executing this certificate, the undersigned agrees that (1)&nbsp;if the information provided on this certificate changes, the undersigned
shall promptly so inform the Borrower and the Administrative Agent, and (2)&nbsp;the undersigned shall have at all times furnished the
Borrower and the Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which
each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">Unless otherwise defined herein, terms defined in the
Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: -0.25in; margin: 0pt 0 0pt 3.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD COLSPAN="2">[<FONT STYLE="font-variant: small-caps">Name of Lender]</font></TD></TR>
                                                                                                                 <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                                                 <TR STYLE="vertical-align: top">
<TD STYLE="width: 60%"></TD><TD STYLE="width: 5%">By:</TD><TD STYLE="width: 35%">_____________________________</TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Name:________________________</TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Title:_________________________</TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>Date:</TD><TD>_____________________ , 20[_]</TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                                                      </TABLE>

<P STYLE="font-size: 10pt; text-indent: -0.25in; margin: 0pt 0 0pt 3.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt; text-indent: -0.25in">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt; text-indent: -0.25in">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt; text-indent: -0.25in">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt; text-indent: -0.25in">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt; text-indent: -0.25in">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt; text-indent: -0.25in"></P>

<!-- Field: Page; Sequence: 145 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt; text-indent: -0.25in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">Exhibit I-2</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">[Form of]<BR>
U.S. Tax Compliance Certificate</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: normal; font-weight: normal">(For
Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes)</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; text-align: center"><FONT STYLE="font-variant: normal; font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">Reference is made to the Credit Agreement dated as
of June 20, 2025 (as extended, renewed, amended or restated from time to time, the <I>&ldquo;Credit Agreement&rdquo;</I>) among Hub Group,
Inc., as Borrower, the Guarantors party thereto, the Lenders and L/C&nbsp;Issuer party thereto, and Bank of Montreal, as Administrative
Agent (the <I>&ldquo;Administrative Agent&rdquo;</I>). Terms defined in the Credit Agreement are used herein with the same meaning.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">Pursuant to the provisions of Section&nbsp;4.1 of the
Credit Agreement, the undersigned hereby certifies that (i)&nbsp;it is the sole record and beneficial owner of the participation in respect
of which it is providing this certificate, (ii)&nbsp;it is not a bank within the meaning of Section&nbsp;881(c)(3)(A) of the Code, (iii)&nbsp;it
is not a ten percent shareholder of the Borrower within the meaning of Section&nbsp;871(h)(3)(B) of the Code, and (iv)&nbsp;it is not
a controlled foreign corporation related to the Borrower as described in Section&nbsp;881(c)(3)(C) of the Code.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">The undersigned has furnished its participating Lender
with a certificate of its non-U.S. Person status on an applicable IRS Form W-8 (i.e., IRS Form W-8BEN or IRS Form W-8BEN-E). By executing
this certificate, the undersigned agrees that (1)&nbsp;if the information provided on this certificate changes, the undersigned shall
promptly so inform such Lender in writing, and (2)&nbsp;the undersigned shall have at all times furnished such Lender with a properly
completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in
either of the two calendar years preceding such payments.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">Unless otherwise defined herein, terms defined in the
Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt; text-indent: -0.25in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD COLSPAN="2">[<FONT STYLE="font-variant: small-caps">Name of Participant]</font></TD></TR>
                                                                                                                 <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                                                 <TR STYLE="vertical-align: top">
<TD STYLE="width: 60%"></TD><TD STYLE="width: 5%">By:</TD><TD STYLE="width: 35%">_____________________________</TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Name:________________________</TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Title:_________________________</TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>Date:</TD><TD>_____________________ , 20[_]</TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                                                      </TABLE>




<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 146 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">Exhibit I-3</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">[Form of]<BR>
U.S. Tax Compliance Certificate</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: normal; font-weight: normal">(For
Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes)</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; text-align: center"><FONT STYLE="font-variant: normal; font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">Reference is made to the Credit Agreement dated as
of June 20, 2025 (as extended, renewed, amended or restated from time to time, the <I>&ldquo;Credit Agreement&rdquo;</I>) among Hub Group,
Inc., as Borrower, the Guarantors party thereto, the Lenders and L/C&nbsp;Issuer party thereto, and Bank of Montreal, as Administrative
Agent (the <I>&ldquo;Administrative Agent&rdquo;</I>). Terms defined in the Credit Agreement are used herein with the same meaning.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">Pursuant to the provisions of Section&nbsp;4.1 of the
Credit Agreement, the undersigned hereby certifies that (i)&nbsp;it is the sole record owner of the participation in respect of which
it is providing this certificate, (ii)&nbsp;its direct or indirect partners/members are the sole beneficial owners of such participation,
(iii)&nbsp;with respect such participation, neither the undersigned nor any of its direct or indirect partners/members is a bank extending
credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section&nbsp;881(c)(3)(A)
of the Code, (iv)&nbsp;none of its direct or indirect partners/members is a ten percent shareholder of the Borrower within the meaning
of Section&nbsp;871(h)(3)(B) of the Code and (v)&nbsp;none of its direct or indirect partners/members is a controlled foreign corporation
related to the Borrower as described in Section&nbsp;881(c)(3)(C) of the Code.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">The undersigned has furnished its participating Lender
with IRS Form W-8IMY accompanied by an applicable IRS Form W-8 from each of its partners/members that is claiming the portfolio interest
exemption (i.e., IRS Form W-8BEN, IRS Form W-8BEN-E, IRS Form W-8IMY (which IRS Form W-8IMY shall in turn be accompanied by an applicable
IRS Form W-8 from each of such partner&rsquo;s/member&rsquo;s beneficial owners that is claiming the portfolio interest exemption)). By
executing this certificate, the undersigned agrees that (1)&nbsp;if the information provided on this certificate changes, the undersigned
shall promptly so inform such Lender and (2)&nbsp;the undersigned shall have at all times furnished such Lender with a properly completed
and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of
the two calendar years preceding such payments.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">Unless otherwise defined herein, terms defined in the
Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt; text-indent: -0.25in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD COLSPAN="2">[<FONT STYLE="font-variant: small-caps">Name of Participant]</font></TD></TR>
                                                                                                                 <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                                                 <TR STYLE="vertical-align: top">
<TD STYLE="width: 60%"></TD><TD STYLE="width: 5%">By:</TD><TD STYLE="width: 35%">_____________________________</TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Name:________________________</TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Title:_________________________</TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>Date:</TD><TD>_____________________ , 20[_]</TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                                                      </TABLE>

<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt; text-indent: -0.25in">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt; text-indent: -0.25in">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt; text-indent: -0.25in">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt; text-indent: -0.25in">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt; text-indent: -0.25in">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt; text-indent: -0.25in">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt; text-indent: -0.25in">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt; text-indent: -0.25in">&nbsp;</P>



<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center"></P>

<!-- Field: Page; Sequence: 147 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">Exhibit I-4</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">[Form of]<BR>
U.S. Tax Compliance Certificate</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: normal; font-weight: normal">(For
Foreign Lenders That Are Partnerships For U.S. Federal Income Tax Purposes)</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; text-align: center"><FONT STYLE="font-variant: normal; font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">Reference is made to the Credit Agreement dated as
of June 20, 2025 (as extended, renewed, amended or restated from time to time, the <I>&ldquo;Credit Agreement&rdquo;</I>) among Hub Group,
Inc., as Borrower, the Guarantors party thereto, the Lenders and L/C&nbsp;Issuer party thereto, and Bank of Montreal, as Administrative
Agent (the <I>&ldquo;Administrative Agent&rdquo;</I>). Terms defined in the Credit Agreement are used herein with the same meaning.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">Pursuant to the provisions of Section&nbsp;4.1 of the
Credit Agreement, the undersigned hereby certifies that (i)&nbsp;it is the sole record owner of the Loan(s) (as well as any Note(s) evidencing
such Loan(s)) in respect of which it is providing this certificate, (ii)&nbsp;its direct or indirect partners/members are the sole beneficial
owners of such Loan(s) (as well as any Note(s) evidencing such Loan(s)), (iii)&nbsp;with respect to the extension of credit pursuant to
the Credit Agreement or any other Loan Document, neither the undersigned nor any of its direct or indirect partners/members is a bank
extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section&nbsp;881(c)(3)(A)
of the Code, (iv)&nbsp;none of its direct or indirect partners/members is a ten percent shareholder of the Borrower within the meaning
of Section&nbsp;871(h)(3)(B) of the Code and (v)&nbsp;none of its direct or indirect partners/members is a controlled foreign corporation
related to the Borrower as described in Section&nbsp;881(c)(3)(C) of the Code.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">The undersigned has furnished the Administrative Agent
and the Borrower with IRS Form W-8IMY accompanied by an applicable IRS Form W-8 from each of its partners/members that is claiming the
portfolio interest exemption (i.e., IRS Form W-8BEN, IRS Form W-8BEN-E, IRS Form W-8IMY (which IRS Form W-8IMY shall in turn be accompanied
by an applicable IRS Form W-8 from each of such partner&rsquo;s/member&rsquo;s beneficial owners that is claiming the portfolio interest
exemption)). By executing this certificate, the undersigned agrees that (1)&nbsp;if the information provided on this certificate changes,
the undersigned shall promptly so inform the Borrower and the Administrative Agent, and (2)&nbsp;the undersigned shall have at all times
furnished the Borrower and the Administrative Agent with a properly completed and currently effective certificate in either the calendar
year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">Unless otherwise defined herein, terms defined in the
Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="margin: 0pt 0 0pt 3.5in; font-size: 10pt; text-indent: -0.25in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD COLSPAN="2">[<FONT STYLE="font-variant: small-caps">Name of Lender]</font></TD></TR>
                                                                                                                 <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                                                 <TR STYLE="vertical-align: top">
<TD STYLE="width: 60%"></TD><TD STYLE="width: 5%">By:</TD><TD STYLE="width: 35%">_____________________________</TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Name:________________________</TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>Title:_________________________</TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>Date:</TD><TD>_____________________ , 20[_]</TD></TR>
                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                                                      </TABLE>



<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center"></P>

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    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">Schedule 2.1</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">Commitments</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%; text-align: center"><FONT STYLE="font-variant: small-caps"><B><U>Name of Lender</U></B></FONT></TD>
    <TD STYLE="width: 50%; text-align: center"><FONT STYLE="font-variant: small-caps"><B><U>&nbsp;Commitment</U></B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 13pt; text-align: center; text-indent: -13pt">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 13pt; text-align: center; text-indent: -13pt">Bank of Montreal</TD>
    <TD STYLE="text-align: center">$145,000,000</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 13pt; text-align: center; text-indent: -13pt">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 13pt; text-align: center; text-indent: -13pt">Bank of America, N.A.</TD>
    <TD STYLE="text-align: center">$110,000,000</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 13pt; text-align: center; text-indent: -13pt">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 13pt; text-align: center; text-indent: -13pt">KeyBank National Association</TD>
    <TD STYLE="text-align: center">$50,000,000</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 13pt; text-align: center; text-indent: -13pt">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 13pt; text-align: center; text-indent: -13pt">PNC Bank, National Association</TD>
    <TD STYLE="text-align: center">$50,000,000</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 13pt; text-align: center; text-indent: -13pt">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 13pt; text-align: center; text-indent: -13pt">The Huntington National Bank</TD>
    <TD STYLE="text-align: center">$50,000,000</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 13pt; text-align: center; text-indent: -13pt">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 13pt; text-align: center; text-indent: -13pt">Regions Bank</TD>
    <TD STYLE="text-align: center">$45,000,000</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 13pt; text-align: center; text-indent: -13pt">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 13pt; text-align: center; text-indent: -13pt"><FONT STYLE="font-variant: small-caps">Total:</FONT></TD>
    <TD STYLE="text-align: center">$450,000,000</TD></TR>
  </TABLE>
<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt"></P>

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<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">Schedule&nbsp;2.2</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">Existing L/Cs</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 15%; border: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">L/C Issuer</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 21%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">Beneficiary</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 15%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">L/C Number</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 15%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">Face Amount</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 17%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">Expiration Date</FONT></TD>
    <TD STYLE="vertical-align: top; width: 17%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">Issue Date</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"><FONT STYLE="font-size: 10pt">Bank of Montreal</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">Comerica Bank</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">BMCH6755950S</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">$326,213.00</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">July 31, 2025</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">September 14, 2022</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"><FONT STYLE="font-size: 10pt">Bank of Montreal</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">BCI Lehigh Valley Crossing DC III</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">BMCH6755960S</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">$75,000.00</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">September 22, 2025</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">September 23, 2022</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"><FONT STYLE="font-size: 10pt">Bank of Montreal</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">Memphis Industrial Park Investors</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">BMCH6755970S</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">$300,000.00</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">July 31, 2025</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">September 20, 2022</FONT></TD></TR>
  </TABLE>
<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0"><BR>
<BR></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">Schedule&nbsp;6.3</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; font-variant: small-caps; font-weight: bold; text-align: center; margin: 0pt 0">Subsidiaries</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 29%; border: Black 1pt solid">
    <P STYLE="font-size: 10pt; text-align: center; margin: 0pt 14pt 0pt 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>
    <P STYLE="font-size: 10pt; text-align: center; margin: 0pt 14pt 0pt 0"><FONT STYLE="font-variant: small-caps">Name</FONT></P></TD>
    <TD STYLE="width: 16%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">State of Organization / Incorporation</FONT></TD>
    <TD STYLE="width: 16%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">Type of Entity</FONT></TD>
    <TD STYLE="width: 15%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">% owned by Borrower</FONT></TD>
    <TD STYLE="width: 24%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">Other Ownership</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-left: 9pt; text-indent: -9pt"><FONT STYLE="font-size: 10pt">Hub City Terminals, LLC * <I>(&ldquo;Hub Chicago&rdquo;)</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Delaware</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">LLC</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">100%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">None</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-left: 9pt; text-indent: -9pt"><FONT STYLE="font-size: 10pt">Hub Group Trucking, LLC *<BR>
(&quot;<I>HGT</I>&quot;)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Delaware</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">LLC</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">0%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">100% by Hub Chicago</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"><FONT STYLE="font-size: 10pt">Hub Group, LLC</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Delaware</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">LLC</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">100%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">None</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"><FONT STYLE="font-size: 10pt">Choptank Transport, LLC*</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Delaware</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">LLC</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">100%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">None</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"><FONT STYLE="font-size: 10pt">Choptank Leasing, LLC</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Maryland</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">LLC</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">0%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">100% by Choptank Transport, LLC</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"><FONT STYLE="font-size: 10pt">Hub Group Associates, Inc. (<I>&ldquo;HGAI&rdquo;</I>)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Illinois</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Corporation</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">0%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">100% by Hub Chicago</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"><FONT STYLE="font-size: 10pt">Hub Chicago Holdings, Inc. <I>(&ldquo;Hub Chicago Holdings&rdquo;)</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Delaware</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Corporation</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">0%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">100% by Hub Chicago</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"><FONT STYLE="font-size: 10pt">Hub Group Atlanta, LLC (<I>&ldquo;Hub Atlanta&rdquo;</I>)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Delaware</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">LLC</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">100%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">None</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"><FONT STYLE="font-size: 10pt">FFM, LLC</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Tennessee</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">LLC</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">100%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">None</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"><FONT STYLE="font-size: 10pt">Hub Group Final Mile, LLC*</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Tennessee</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">LLC</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">100%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">None</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"><FONT STYLE="font-size: 10pt">TAGG Holdco, LLC</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Missouri</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">LLC</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">100%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">None</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"><FONT STYLE="font-size: 10pt">TAGG Logistics, LLC</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Missouri</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">LLC</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">0%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">TAGG Holdco, LLC</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"><FONT STYLE="font-size: 10pt">TAGG Logistics Nevada, LLC</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Nevada</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">LLC</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">0%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">TAGG Logistics, LLC</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"><FONT STYLE="font-size: 10pt">LeSaint Logistics, LLC</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Illinois</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">LLC</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">0%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">TAGG Holdco, LLC</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-size: 10pt">HGNA Group de Mexico S. de RL de C.V.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Mexico</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">S. </FONT><FONT STYLE="font-size: 10pt">de RL de C.V.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">0%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">99.84% by Hub Atlanta, 0.1% by Hub Chicago, 0.001% by Hub Chicago Holdings, 0.059% by HGAI</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"><FONT STYLE="font-size: 10pt">Quality Services, LLC</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Missouri</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">LLC</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">0%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">100% by Hub Chicago</FONT></TD></TR>
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    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-size: 10pt">Hub Group Global, LLC</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Illinois</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">LLC</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">0%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">100% by Hub Chicago</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"><FONT STYLE="font-size: 10pt">PJ Assurance, Inc.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Vermont</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Corporation</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">0%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">100% by Hub Chicago</FONT></TD></TR>
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    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-size: 10pt">Hub Freight Services, Inc.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Delaware</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Corporation</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">0%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">100% by Hub Chicago</FONT></TD></TR>
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    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-size: 10pt">Hub Group Transport, LLC</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Delaware</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">LLC</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">0%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">100% by HGAI</FONT></TD></TR>
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    <P STYLE="font-size: 10pt; text-align: center; margin: 0pt 14pt 0pt 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>
    <P STYLE="font-size: 10pt; text-align: center; margin: 0pt 14pt 0pt 0"><FONT STYLE="font-variant: small-caps">Name</FONT></P></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; width: 16%"><FONT STYLE="font-size: 10pt; font-variant: small-caps">State of Organization / Incorporation</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; width: 16%"><FONT STYLE="font-size: 10pt; font-variant: small-caps">Type of Entity</FONT></TD>
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<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; width: 29%"><FONT STYLE="font-size: 10pt">Hub Group Trucking California, LLC</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; width: 16%"><FONT STYLE="font-size: 10pt">Delaware</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; width: 16%"><FONT STYLE="font-size: 10pt; font-variant: small-caps">LLC</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; width: 15%"><FONT STYLE="font-size: 10pt; font-variant: small-caps">0%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 24%"><FONT STYLE="font-size: 10pt">100% by HGT</FONT></TD></TR>
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    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Delaware</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">LLC</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">0%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">100% by HGT</FONT></TD></TR>
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    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">California</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Corporation</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">0%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">51% by Hub Chicago</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-size: 10pt">Hub Group Canada Inc.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Ontario</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Foreign Corporation</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">100%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">None</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-size: 10pt">Hub City Technologies Private Limited</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">India</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Foreign Corporation</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">99.999%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">Hosabettu Venkatesh Bhat</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-size: 10pt">EASO-Hub, S.A. de C.V.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Mexico</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Foreign Corporation</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">51%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">49% by local shareholders</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-size: 10pt">Corporaci&oacute;n Interamericana de Log&iacute;stica, S.A. de C.V.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Mexico</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Foreign Corporation</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">51%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">49% by local shareholders</FONT></TD></TR>
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<P STYLE="font-size: 10pt; margin: 0pt 0">* Material Subsidiaries are indicated with an asterisk.</P>

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      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentShellCompanyReport" xlink:label="dei_DocumentShellCompanyReport" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodStartDate_lbl" xml:lang="en-US">Document Period Start Date</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US">Document Period End Date</link:label>
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      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityFileNumber" xlink:label="dei_EntityFileNumber" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFileNumber_lbl" xml:lang="en-US">Entity File Number</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US">Entity Registrant Name</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US">Entity Central Index Key</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityPrimarySicNumber" xlink:label="dei_EntityPrimarySicNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPrimarySicNumber" xlink:to="dei_EntityPrimarySicNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityPrimarySicNumber_lbl" xml:lang="en-US">Entity Primary SIC Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityTaxIdentificationNumber" xlink:label="dei_EntityTaxIdentificationNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityTaxIdentificationNumber" xlink:to="dei_EntityTaxIdentificationNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xml:lang="en-US">Entity Tax Identification Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="dei_EntityIncorporationStateCountryCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityIncorporationStateCountryCode" xlink:to="dei_EntityIncorporationStateCountryCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressAddressLine1" xlink:label="dei_EntityAddressAddressLine1" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CountryRegion_lbl" xml:lang="en-US">Country Region</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_WrittenCommunications_lbl" xml:lang="en-US">Written Communications</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SolicitingMaterial_lbl" xml:lang="en-US">Soliciting Material</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_PreCommencementTenderOffer_lbl" xml:lang="en-US">Pre-commencement Tender Offer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="dei_PreCommencementIssuerTenderOffer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementIssuerTenderOffer" xlink:to="dei_PreCommencementIssuerTenderOffer_lbl" xlink:type="arc" />
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      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_Security12bTitle" xlink:label="dei_Security12bTitle" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Security12bTitle_lbl" xml:lang="en-US">Title of 12(b) Security</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_NoTradingSymbolFlag_lbl" xml:lang="en-US">No Trading Symbol Flag</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_TradingSymbol_lbl" xml:lang="en-US">Trading Symbol</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SecurityExchangeName_lbl" xml:lang="en-US">Security Exchange Name</link:label>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>5
<FILENAME>hubg-20250626_pre.xml
<DESCRIPTION>XBRL PRESENTATION FILE
<TEXT>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>7
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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</head>
<body>
<span style="display: none;">v3.25.2</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Cover<br></strong></div></th>
<th class="th"><div>Jun. 26, 2025</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CoverAbstract', window );"><strong>Cover [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Jun. 26,  2025<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">0-27754<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">Hub Group, Inc.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0000940942<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">36-4007085<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">DE<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">2000 Clearwater Drive<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">Oak Brook<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">IL<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">60523<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">(630)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">271-3600<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre-commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre-commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Class A Common Stock<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">HUBG<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">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="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="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</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>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<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="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</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="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Cover page.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CoverAbstract</td>
</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="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</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="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</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="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</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="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<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="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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