<SEC-DOCUMENT>0001193125-22-253280.txt : 20220928
<SEC-HEADER>0001193125-22-253280.hdr.sgml : 20220928
<ACCEPTANCE-DATETIME>20220928161135
ACCESSION NUMBER:		0001193125-22-253280
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		13
CONFORMED PERIOD OF REPORT:	20220923
ITEM INFORMATION:		Entry into 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:		20220928
DATE AS OF CHANGE:		20220928

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Topgolf Callaway Brands Corp.
		CENTRAL INDEX KEY:			0000837465
		STANDARD INDUSTRIAL CLASSIFICATION:	 [3949]
		IRS NUMBER:				953797580
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10962
		FILM NUMBER:		221276204

	BUSINESS ADDRESS:	
		STREET 1:		2180 RUTHERFORD RD
		CITY:			CARLSBAD
		STATE:			CA
		ZIP:			92008-8815
		BUSINESS PHONE:		7609311771

	MAIL ADDRESS:	
		STREET 1:		2180 RUTHERFORD ROAD
		CITY:			CARLSBAD
		STATE:			CA
		ZIP:			92008

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CALLAWAY GOLF CO
		DATE OF NAME CHANGE:	20070612

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CALLAWAY GOLF
		DATE OF NAME CHANGE:	20070604

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CALLAWAY GOLF CO
		DATE OF NAME CHANGE:	20070604
</SEC-HEADER>
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<td style="width:10%;vertical-align:top" align="left"><span style="font-weight:bold">Item&#160;1.01</span></td>
<td align="left" style="vertical-align:top"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:left">Entry Into a Material Definitive Agreement. </p></td></tr></table> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman;text-align:justify">As previously disclosed, on May&#160;17, 2019, Topgolf Callaway Brands Corp. (the &#8220;Company&#8221;) and certain of its subsidiaries entered into a Fourth Amended and Restated Loan and Security Agreement with the lenders party thereto from time to time and Bank of America, N.A., as administrative agent and as security trustee for such lenders (as amended, restated, supplemented or otherwise modified from time to time, the &#8220;ABL Agreement&#8221;). </p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman;text-align:justify">On September&#160;23, 2022, the Company entered into an amendment to the ABL Agreement (the &#8220;Sixth Amendment&#8221; and, the ABL Agreement as amended by the Sixth Amendment, the &#8220;Amended ABL Agreement&#8221;), which among other things, (a)&#160;designates Callaway Golf EU B.V., a private company with limited liability (<span style="font-style:italic">besloten vennootschap met beperkte aansprakelijkheid)</span> incorporated under the laws of the Netherlands and wholly-owned indirect subsidiary of the Company, as a new borrower and guarantor under the Amended ABL Agreement, (b)&#160;amends certain definitions and other provisions (i)&#160;to permit certain additional inventory, accounts, and other assets to be included in the calculation of the borrowing base thereunder, (ii)&#160;to increase certain concentration limits and caps on the eligibility criteria for including certain assets in the borrowing base thereunder, and (iii)&#160;to increase certain advance rates and remove certain seasonal limitations on advance rates with respect to certain borrowing base assets, (c)&#160;amends certain definitions, covenants and other provisions to permit the Company and its subsidiaries to make certain investments, dispositions, distributions and other payments, and (d)&#160;amends certain definitions and other provisions (i)&#160;to replace the LIBOR-based benchmark rates for certain loans under the asset based revolving facility thereunder with SOFR-based rates (in the case of certain U.S. dollar-denominated loans), a SONIA-based rate (in the case of certain British Pound-denominated loans) and a SARON-based rate (in the case of certain Swiss Franc-denominated loans), and (ii)&#160;to reduce the interest rate margins for loans under the Amended ABL Agreement by 0.25% per annum. </p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman;text-align:justify">The foregoing description is qualified in its entirety by reference to the Sixth Amendment, a copy of which is attached as Exhibit&#160;10.1 and incorporated by reference in its entirety in this Item&#160;1.01. </p> <p style="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
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<td style="width:10%;vertical-align:top" align="left"><span style="font-weight:bold">Item&#160;2.03</span></td>
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<td style="width:10%;vertical-align:top" align="left"><span style="font-weight:bold">Item&#160;9.01</span></td>
<td align="left" style="vertical-align:top"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:left">Financial Statements and Exhibits. </p></td></tr></table> <p style="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
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<td style="vertical-align:top;white-space:nowrap">(d)</td>
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<td style="vertical-align:top;white-space:nowrap"> <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Exhibits.</p></td>
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<td style="vertical-align:top;white-space:nowrap"> <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Exhibit&#160;10.1</p></td>
<td style="vertical-align:bottom">&#160;&#160;</td>
<td style="vertical-align:top"><a href="d400639dex101.htm">Sixth Amendment to Fourth Amended and Restated Loan and Security Agreement, dated as of September&#160;23, 2022, by and among Topgolf Callaway Brands Corp., certain subsidiaries of Topgolf Callaway Brands Corp., the financial institutions party thereto from time to time as lenders and Bank of America, N.A., as administrative agent and security trustee. </a></td></tr>
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<td style="vertical-align:top;white-space:nowrap"> <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Exhibit 104</p></td>
<td style="vertical-align:bottom">&#160;&#160;</td>
<td style="vertical-align:top">Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document</td></tr>
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 <p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:center">SIGNATURES </p> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </p> <p style="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
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<td colspan="3" style="vertical-align:bottom;white-space:nowrap"><span style="font-weight:bold">TOPGOLF CALLAWAY BRANDS CORP.</span></td></tr>
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<td style="vertical-align:top">Date: September&#160;28, 2022</td>
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<td style="vertical-align:top;white-space:nowrap">By:</td>
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<td style="vertical-align:bottom;white-space:nowrap"> <p style="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Sarah Kim</p></td></tr>
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<td style="vertical-align:bottom;white-space:nowrap">Sarah Kim</td></tr>
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<td style="vertical-align:bottom;white-space:nowrap">Vice President, General Counsel and Corporate Secretary</td></tr>
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<DOCUMENT>
<TYPE>EX-10.1
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<TITLE>EX-10.1</TITLE>
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="right"><I>Execution Copy </I></P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>SIXTH
AMENDMENT TO FOURTH AMENDED AND RESTATED </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>LOAN AND SECURITY AGREEMENT </B></P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">This <B>SIXTH AMENDMENT TO FOURTH AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT </B>(this &#147;<U>Amendment</U>&#148;),
dated as of September&nbsp;23, 2022, is entered into by and among the Lenders (as defined below) signatory hereto, <B>BANK OF AMERICA, N.A.</B>, as administrative agent and as security trustee for the Lenders (in such capacity,
&#147;<U>Agent</U>&#148;), <B>TOPGOLF CALLAWAY BRANDS CORP. </B>(formerly known as Callaway Golf Company),<I> </I>a Delaware corporation (&#147;<U>Parent</U>&#148;), <B>CALLAWAY GOLF SALES COMPANY</B>,<I> </I>a California corporation
(&#147;<U>Callaway Sales</U>&#148;), <B>CALLAWAY GOLF BALL OPERATIONS, INC.</B>,<B><I> </I></B>a Delaware corporation (&#147;<U>Callaway Operations</U>&#148;), <B>OGIO INTERNATIONAL, INC.</B>, a Utah corporation, (&#147;<U>Ogio</U>&#148;),
<B>TRAVISMATHEW, LLC</B>,<I> </I>a California limited liability company (&#147;<U>travisMathew</U>&#148;), <B>JACK WOLFSKIN NORTH AMERICA, INC.</B>, a Delaware corporation (&#147;<U>Wolfskin</U>&#148; and together with Parent, Callaway Sales,
Callaway Operations, Ogio and travisMathew, collectively, &#147;<U>U.S. Borrowers</U>&#148;),<B> CALLAWAY GOLF CANADA LTD.</B>,<B> </B>a Canada corporation (&#147;<U>Canadian Borrower</U>&#148;),<B> JACK WOLFSKIN AUSR&Uuml;STUNG F&Uuml;R DRAUSSEN
GMBH</B><B></B><B>&nbsp;&amp; CO. KGAA</B>, a partnership limited by shares (<I>Kommanditgesellschaft auf Aktien</I>) under the laws of the Federal Republic of Germany (&#147;<U>German Borrower</U>&#148;), <B>CALLAWAY GOLF EUROPE LTD.</B>,<B> </B>a
company incorporated under the laws of England (registered number 02756321)<B> </B>(&#147;<U>U.K. Borrower</U>&#148;), <B>CALLAWAY GOLF EU B.V</B>., a private company with limited liability (<I>besloten vennootschap met beperkte
aansprakelijkheid)</I>, incorporated under the laws of the Netherlands, having its statutory seat in Amsterdam, the Netherlands and its registered office at Herikerbergweg 88, 1101 CM Amsterdam, the Netherlands, registered with the Chamber of
Commerce (<I>Kamer van Koophandel</I>) under number 86392468 (the &#147;<U>New Borrower</U>&#148; and together with the U.S. Borrowers, German Borrower, Canadian Borrower and U.K. Borrower, each individually a &#147;<U>Borrower</U>&#148; and
individually and collectively, jointly and severally, the &#147;<U>Borrowers</U>&#148;), and the other Obligors party hereto. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>RECITALS
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Borrowers (other than the New Borrower), the other Obligors party
thereto, Agent, and the financial institutions signatory thereto from time to time (each a &#147;<U>Lender</U>&#148; and collectively the &#147;<U>Lenders</U>&#148;) have previously entered into that certain Fourth Amended and Restated Loan and
Security Agreement dated as of May&nbsp;17, 2019 (as amended, supplemented, restated and modified from time to time, the &#147;<U>Loan Agreement</U>&#148;), pursuant to which the Lenders have made certain loans and financial accommodations available
to Borrowers. Terms used herein without definition shall have the meanings ascribed to them in the Loan Agreement, as amended hereby. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Obligors (other than the New Borrower) have requested that Agent and the
Lenders amend the Loan Agreement which Agent and the Lenders are willing to do pursuant to the terms and conditions set forth herein. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Obligors are entering into this Amendment with the understanding and
agreement that, except as specifically provided herein, none of Agent&#146;s or any Lender&#146;s rights or remedies as set forth in the Loan Agreement or any of the other Loan Documents are being waived or modified by the terms of this Amendment.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">NOW, THEREFORE, in consideration of the foregoing and the mutual covenants herein contained, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Loan Agreement
Transactions</U>. Subject to the satisfaction in full of the conditions precedent set forth in <B>Section</B><B></B><B>&nbsp;2</B>, as of the effectiveness of this Amendment: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Loan Agreement (excluding any Exhibits or Schedules thereto except as
expressly set forth in Sections 1(c) and (d)) is hereby amended as set forth in Exhibit A attached hereto such that all of the newly inserted bold, double-underlined text (indicated textually in the same manner as the following examples: <FONT
STYLE="font-family:Times New Roman"><U>double-underlined text</U></FONT><FONT STYLE="font-family:Times New Roman"> and <U><FONT STYLE="font-family:Times New Roman">double-underlined text</FONT></U><FONT STYLE="font-family:Times New Roman">) and any
formatting changes attached hereto shall be deemed to be inserted in the text of the Loan Agreement and all of the deleted stricken text (indicated textually in the same manner as the following examples: </FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>stricken text </STRIKE></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt">and
</FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE></STRIKE></B><STRIKE></STRIKE></FONT><FONT STYLE="font-family:Times New Roman"><STRIKE>stricken text<FONT STYLE="font-family:Times New Roman"><B></B></FONT></STRIKE><FONT
STYLE="font-family:Times New Roman"><B></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt">) shall be deemed to be deleted from the text of the Loan Agreement. An unmarked draft of the Loan Agreement (excluding any Exhibits or
Schedules thereto except as expressly set forth in <B>Sections 1(c) and (d)</B>), as amended by this Amendment, is attached hereto as <U>Exhibit B</U>. </FONT></FONT></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the New Borrower, as provided in <B>Section</B><B></B><B>&nbsp;10.1.12</B>
of the Loan Agreement (as amended by this Amendment), hereby becomes a party to the Loan Agreement as (i)&nbsp;the &#147;<U>Dutch Borrower</U>&#148;, (ii) a &#147;<U>UK/Dutch Borrower</U>&#148;, (iii) a &#147;<U>Canadian Facility
Guarantor</U>&#148;, (iv) a &#147;<U>German Facility Guarantor</U>&#148;, and (v)&nbsp;an &#147;<U>Obligor</U>&#148; under the Loan Agreement with the same force and effect as if the New Borrower had duly executed and delivered the Loan Agreement as
the Dutch Borrower, a U.K./Dutch Borrower, a Canadian Facility Guarantor, a German Facility Guarantor and an Obligor thereunder and, without limiting the generality of the foregoing, the New Borrower (A)&nbsp;expressly assumes all obligations and
liabilities of the Dutch Borrower, a U.K./Dutch Borrower, a Canadian Facility Guarantor, a German Facility Guarantor and an Obligor thereunder and (B)&nbsp;otherwise agrees to be bound by all terms and provisions of the Loan Agreement applicable to
it as the Dutch Borrower, a U.K./Dutch Borrower, a Canadian Facility Guarantor, a German Facility Guarantor and an Obligor thereunder. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information set forth in<B> Schedules 8.6.1, 9.1.9, 9.1.13, 9.1.17,
9.1.21, 10.2.1, 10.2.2 and 10.2.3</B> of <U>Annex A</U> attached hereto amends and supplements the information set forth in <B>Schedules 8.6.1, 9.1.9, 9.1.13, 9.1.17, 9.1.21, 10.2.1, 10.2.2 and 10.2.3</B>, respectively, to the Loan Agreement and
shall be deemed a part thereof for all purposes of the Loan Agreement; <U>provided</U>, <U>however</U>, that with respect to the representations and warranties by the New Borrower made as of the date of the Loan Agreement which incorporate such
schedules by reference as of such date, such representations and warranties by the New Borrower shall be deemed to be made as of the date hereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Exhibit <FONT STYLE="white-space:nowrap">A-3</FONT></B> to the Loan
Agreement is hereby amended and restated in its entirety with <B>Exhibit <FONT STYLE="white-space:nowrap">A-3</FONT></B> attached hereto as <U>Annex B</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Effectiveness of this Amendment</U>. Each of the following shall have
occurred before this Amendment is effective: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendment</U>. Agent
shall have received this Amendment, duly executed and delivered by Agent, each Obligor and the Lenders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>New Borrower Certificate</U>. Agent shall have received a copy of a
certificate of a duly authorized officer of the New Borrower in form and substance reasonably satisfactory to Agent certifying (i)&nbsp;that attached copies of the New Borrower&#146;s Organic Documents and its excerpt (<I>uittreksel</I>) from the
Chamber of Commerce are true and complete, and in full force and effect, without amendment except as shown; (ii)&nbsp;that an attached copy of resolutions authorizing execution and delivery of this Amendment and the other Loan Documents to which it
is (or to which it may become) a party and the performance of its obligations hereunder and thereunder is true and complete, and that such resolutions are in full force and effect, were duly adopted, have not been amended, modified or revoked, and
constitute all resolutions adopted with respect to this Amendment, the Loan Agreement, and such other Loan Documents; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

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and (iii)&nbsp;to the title, name and signature of each Person authorized to sign this Amendment and any other Loan Documents to which such Obligor is (or to which it may become) a party. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Dutch Legal Opinion</U>. The Agent shall have received a customary
legal opinion of Dutch counsel to the Agent regarding the New Borrower (with respect to effectiveness and capacity), addressed to the Agent, the Issuing Banks and the Lenders, in form and substance reasonably satisfactory to the Agent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>U.S. Legal Opinion</U>. The Agent shall have received a customary legal
opinion of counsel to the Obligors with respect to the New Borrower joining the Loan Agreement pursuant to and in accordance with <B>Section</B><B></B><B>&nbsp;1(b)</B>, addressed to the Agent, the Issuing Banks and the Lenders, in form and
substance reasonably satisfactory to the Agent. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Closing
Certificate</U>. Parent shall have delivered a certificate to Agent certifying that: (i)&nbsp;the representations and warranties set forth herein are true and correct in all material respects on and as of the date of the effectiveness of this
Amendment (it being understood and agreed that any representation or warranty which by its terms is made as of a specified date shall be required to be true and correct in all material respects only as of such specified date, and that any
representation or warranty which is subject to any materiality qualifier shall be required to be true and correct in all respects; <U>provided</U>, <U>however</U>, that with respect to the representations and warranties by the New Borrower made as
of the date of the Loan Agreement which incorporate such schedules by reference as of such date, such representations and warranties by the New Borrower shall be deemed to be made as of the date hereof), and (ii)&nbsp;no event has occurred and is
continuing on the date of the effectiveness of this Amendment that constitutes an Event of Default. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Dutch Works Council</U>. Agent shall have received (i)&nbsp;the request
for advice from the works council (<I>ondernemingsraad</I>) of the New Borrower and the positive advice from such works council which contains no condition, which if complied with, could result in a breach of any of the Loan Documents, or
(ii)&nbsp;a confirmation in the board resolution of the New Borrower that no such works council has been installed and no action has been taken for the installation of such a works council. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Representations and Warranties</U>. Each Obligor (including, for the
avoidance of doubt, the New Borrower) represents and warrants as follows, as of the effective date of this Amendment: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Authority</U>. Each Obligor has the requisite corporate power and
authority to execute and deliver this Amendment, and to perform its obligations hereunder and under the Loan Documents (as amended or modified hereby) to which it is a party. The execution, delivery and performance by each Obligor of this Amendment
have been duly approved by all necessary corporate, limited liability company or other equivalent action and no other corporate, limited liability company or other equivalent proceedings are necessary on the part of the Obligors to consummate such
transactions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Due Execution; Enforceability</U>. This Amendment
has been duly executed and delivered by each Obligor that is a party hereto. This Amendment and each Loan Document to which any Obligor is a party (as amended or modified hereby) is a legal, valid and binding obligation of such Obligor, enforceable
against such Obligor in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors&#146; rights generally or by equitable principles relating to enforceability.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Representations and Warranties</U>. The representations and
warranties contained in the Loan Agreement (as amended hereby and after giving effect to the inclusion of the New Borrower and the information attached as <U>Annex A</U> hereto) and each other Loan Document to which any Obligor is a party
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">3 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify">
are correct in all material respects on and as of the date hereof as though made on and as of the date hereof (it being understood and agreed that any representation or warranty which by its
terms is made as of a specified date shall be required to be true and correct in all material respects only as of such specified date, and that any representation or warranty which is subject to any materiality qualifier shall be required to be true
and correct in all respects; <U>provided</U>, <U>however</U>, that with respect to the representations and warranties by the New Borrower made as of the date of the Loan Agreement which incorporate such schedules by reference as of such date, such
representations and warranties by the New Borrower shall be deemed to be made as of the date hereof). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Governmental Authorization</U>. No approval, consent, exemption,
authorization, or other action by, or notice to, or filing with, any Governmental Authority is necessary or required in connection with the execution, delivery or performance by any Obligor of this Amendment except for such approvals, consents,
exemptions, authorizations, actions, notices and filings which have been obtained, taken, given or made and are in full force and effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No Default</U>. No event has occurred and is continuing that
constitutes an Event of Default. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Choice of Law</U>. The validity of
this Amendment, its construction, interpretation and enforcement, and the rights of the parties hereunder, shall be determined under, governed by, and construed in accordance with the internal law of the State of New York, without giving effect to
any conflict of law principles (but giving effect to <FONT STYLE="white-space:nowrap">Section&nbsp;5-1401</FONT> of the New York General Obligation Law and Federal laws relating to national banks). The consent to forum and judicial reference
provisions set forth in Section&nbsp;14.15 of the Loan Agreement are hereby incorporated in this Amendment by reference. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Counterparts</U>. This Amendment may be in the form of an Electronic
Record and may be executed using Electronic Signatures (including, without limitation, facsimile and .pdf) and shall be considered an original, and shall have the same legal effect, validity and enforceability as a paper record.&nbsp;This Amendment
may be executed in as many counterparts as necessary or convenient, including both paper and electronic counterparts, but all such counterparts are one and the same Amendment. For the avoidance of doubt, the authorization under this paragraph may
include, without limitation, use or acceptance by Agent and Secured Parties of a manually signed paper Amendment which has been converted into electronic form (such as scanned into PDF format), or an electronically signed Communication converted
into another format, for transmission, delivery and/or retention. The words &#147;execution,&#148; &#147;signed,&#148; &#147;signature,&#148; and words of like import in or related to any document to be signed in connection with this Amendment and
the transactions contemplated hereby 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 Laws, including the federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and
Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. For purposes hereof, &#147;Electronic Record&#148; and &#147;Electronic Signature&#148; shall have the meanings assigned to them, respectively, by 15 USC
&#167;7006, as it may be amended from time to time; <U>provided</U> that nothing herein shall require the Agent to accept electronic signatures in any form or format without its prior written consent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Reference to and Effect on the Loan Documents</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon and after the effectiveness of this Amendment, each reference in the
Loan Agreement or any other Loan Document to this &#147;Agreement&#148;, &#147;hereunder&#148;, &#147;herein&#148;, &#147;hereof&#148;, &#147;thereunder&#148;, &#147;therein&#148;, &#147;thereof&#148;, or words of like import referring to the Loan
Agreement or any other </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">4 </P>

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<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify">
Loan Document shall mean and refer to such agreement as amended, modified or supplemented by this Amendment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except as specifically amended above, the Loan Agreement and all other
Loan Documents are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed and shall constitute the legal, valid, binding and enforceable obligations of Obligors to Agent and the Lenders in accordance
with their terms. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The execution, delivery and effectiveness of this
Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of Agent or any Lender under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To the extent that any terms and conditions in any of the Loan Documents
shall contradict or be in conflict with any terms or conditions of the Loan Agreement, after giving effect to this Amendment, such terms and conditions are hereby deemed modified or amended accordingly to reflect the terms and conditions of the Loan
Agreement as modified or amended hereby. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Ratification</U>. Each
Obligor hereby restates, ratifies and reaffirms each and every term and condition set forth in the Loan Agreement, as amended hereby, and the Loan Documents effective as of the date hereof. Subject to and without limiting the foregoing, all security
interests, pledges, assignments and other Liens and Guarantees previously granted by any Obligor pursuant to the Loan Documents are hereby reaffirmed, ratified, renewed and continued, and all such security interests, pledges, assignments and other
Liens and Guarantees shall remain in full force and effect as security for the Obligations on and after the date hereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Estoppel</U>. To induce Lenders to enter into this Amendment and to
continue to make advances to Borrowers under the Loan Agreement, each Obligor hereby acknowledges and agrees that, as of the date hereof, there exists no right of offset, defense, counterclaim or objection in favor of any Obligor as against Agent or
any Lender with respect to the Obligations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Effectiveness; Binding
Effect</U>. For the avoidance of doubt, upon the effectiveness of this Amendment in accordance with its terms, this Amendment shall be binding upon each Lender and its respective successors and assigns. Notwithstanding any notice or consent
requirement in the Loan Agreement to the contrary, each of the parties hereto hereby consents to any assignment by MUFG Union Bank, N.A. of its Commitments and Loans to its Affiliate, MUFG Bank, Ltd., which assignment shall otherwise be documented
in accordance with the terms of the Loan Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Integration</U>. This Amendment, together with the other Loan Documents,
incorporates all negotiations of the parties hereto with respect to the subject matter hereof and is the final expression and agreement of the parties hereto with respect to the subject matter hereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Severability</U>. In case any provision in this Amendment shall be
invalid, illegal or unenforceable, such provision shall be severable from the remainder of this Amendment and the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><I>[Remainder of Page Left Intentionally Blank] </I></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">5 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">IN WITNESS WHEREOF, the parties have entered into this Amendment as of the
date first above written. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">


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<TD WIDTH="12%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"><B><U>OBLIGORS</U>:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3"><B>TOPGOLF CALLAWAY BRANDS CORP.</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">(formerly known as Callaway Golf Company),</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">a Delaware corporation</TD></TR></TABLE></DIV> <DIV ALIGN="right">
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<TR>

<TD WIDTH="12%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="27" COLSPAN="3"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">By:<U> /s/ Brian P.
Lynch&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">Name: Brian P. Lynch</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">Title: Executive Vice President and Chief Financial </TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Officer</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">Address for Borrower Agent:</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Topgolf Callaway Brands Corp.</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">2180 Rutherford Road</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Carlsbad, CA 92008</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Attention: Brian P. Lynch</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Telephone: (760) <FONT STYLE="white-space:nowrap">804-4056</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Email: Brian.Lynch@callawaygolf.com</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">With a copy to:</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Latham&nbsp;&amp; Watkins LLP</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">355 South Grand Avenue, Suite 100</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Los Angeles, CA 90071-1560</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Attention: Kenneth D. Askin</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Facsimile: (213) <FONT STYLE="white-space:nowrap">891-8507</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Email: kenneth.askin@lw.com</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="27" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"><B>CALLAWAY GOLF SALES COMPANY,</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">a California corporation</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="27" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">By: <U>/s/ Glenn
Hickey&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">Name: Glenn Hickey</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">Title: &nbsp;&nbsp;President</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><I>[Signature Page to
Sixth Amendment to </I></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B><I></I></B><I>Fourth Amended and Restated Loan and Security Agreement]</I><B><I> </I></B></P>

</DIV></Center>


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<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">


<TR>

<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="99%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3"><B>CALLAWAY GOLF BALL OPERATIONS, INC.,</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">a Delaware corporation</TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">


<TR>

<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="99%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="27" COLSPAN="3"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">By: <U>/s/ Mark F.
Leposky&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">Name: Mark F. Leposky</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">Title: President</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="27" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"><B>OGIO INTERNATIONAL, INC.,</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">a Utah corporation</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="27" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">By: <U>/s/ Patrick S.
Burke&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">Name: Patrick S. Burke</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">Title: Vice President and Treasurer</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="27" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"><B>TRAVISMATHEW, LLC,</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">a California limited liability company</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="27" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">By: <U>/s/ Patrick S.
Burke&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">Name: Patrick S. Burke</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">Title: Treasurer</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="27" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"><B>JACK WOLFSKIN NORTH AMERICA, INC.,</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">a Delaware corporation</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="27" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">By: <U>/s/ Brian P.
Lynch&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">Name: Brian P. Lynch</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">Title: Vice President</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="27" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3"><B>CALLAWAY GOLF INTERACTIVE, INC.</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">a Texas corporation</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="27" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">By: <U>/s/ Glenn
Hickey&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">Name: Glenn Hickey</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">Title: &nbsp;&nbsp;President</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><I>[Signature Page to
Sixth Amendment to </I></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B><I></I></B><I>Fourth Amended and Restated Loan and Security Agreement]</I><B><I> </I></B></P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">


<TR>

<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="99%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3"><B>CALLAWAY GOLF INTERNATIONAL SALES</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"><B>COMPANY,</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">a California corporation</TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">


<TR>

<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="99%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="27" COLSPAN="3"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">By: <U>/s/ Patrick S.
Burke&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">Name: Patrick S. Burke</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">Title: President</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="27" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"><B>CALLAWAY GOLF CANADA LTD.,</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">a Canada corporation</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="27" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">By: <U>/s/ Patrick S.
Burke&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">Name: Patrick S. Burke</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">Title: Director</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="27" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"><B>CALLAWAY GOLF EUROPE LTD.,</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">a company limited by shares incorporated under the</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">laws of England and Wales</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="27" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">By: <U>/s/ Patrick S.
Burke&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">Name: Patrick S. Burke</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">Title: Director</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="27" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3"><B>CALLAWAY GOLF EUROPEAN HOLDING</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"><B>COMPANY LIMITED,</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">a company limited by shares incorporated under the</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">laws of England and Wales</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="27" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">By: <U>/s/ Neil
Howie&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">Name: Neil Howie</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">Title: Director</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><I>[Signature Page to
Sixth Amendment to </I></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B><I></I></B><I>Fourth Amended and Restated Loan and Security Agreement]</I><B><I> </I></B></P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">


<TR>

<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="99%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"><B>CALLAWAY GOLF EU B.V.,</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">a private company with limited liability (<I>besloten </I></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"><I>vennootschap met beperkte aansprakelijkheid</I>),</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">incorporated under the laws of The Netherlands</TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">


<TR>

<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="99%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="27" COLSPAN="3"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">By: <U>/s/ Neil
Howie&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:Times New Roman">Name: Neil Howie</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">Title: Director</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="27" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"><B>CALLAWAY GERMANY HOLDCO GMBH,</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">a limited liability company (<I>Gesellschaft mit </I></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"><I>beschr&auml;nkter Haftung</I>) under the laws of the Federal</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">Republic of Germany</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="27" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">By: <U>/s/ Richard William
Collier&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">Name: Richard William Collier</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">Title: Managing Director</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="27" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">By: <U>/s/ Andre Alexander
Grube&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">Name: Andre Alexander Grube</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">Title: Managing Director</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="27" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"><B>JW STARGAZER HOLDING GMBH,</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">a limited liability company (<I>Gesellschaft mit </I></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"><I>beschr&auml;nkter Haftung</I>) under the laws of the Federal</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">Republic of Germany</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="27" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">By: <U>/s/ Richard William
Collier&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">Name: Richard William Collier</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">Title: Managing Director</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="27" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">By: <U>/s/ Andre Alexander
Grube&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">Name: Andre Alexander Grube</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3">Title: Managing Director</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><I>[Signature Page to
Sixth Amendment to </I></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B><I></I></B><I>Fourth Amended and Restated Loan and Security Agreement]</I><B><I> </I></B></P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">


<TR>

<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="99%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:Times New Roman"><B>SKYRAGER GMBH</B>,</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3" ROWSPAN="2">a limited liability company (<I>Gesellschaft mit </I><I>beschr&auml;nkter Haftung</I>) under the laws of the Federal Republic of Germany</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt"></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">


<TR>

<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="99%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="32" COLSPAN="3"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">By: <U>/s/ Richard William
Collier&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">Name: Richard William Collier</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">Title: Managing Director</TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">


<TR>

<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="99%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="32" COLSPAN="3"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">By: <U>/s/ Andre Alexander
Grube&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">Name: Andre Alexander Grube</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">Title: Managing Director</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="40" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="3"><B>JACK WOLFSKIN AUSR&Uuml;STUNG F&Uuml;R</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"><B>DRAUSSEN GMBH</B><B></B><B>&nbsp;&amp; CO. KGAA</B>,</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">a partnership limited by shares (<I>Kommanditgesellschaft auf Aktien</I>) under the laws of the Federal Republic of Germany, acting through its managing partner, <B>SKYRAGER GMBH
</B></TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">


<TR>

<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="99%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24" COLSPAN="3"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">By: <U>/s/ Patrick S.
Burke&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">Name: Patrick S. Burke</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">Title: Director</TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">


<TR>

<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="99%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24" COLSPAN="3"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">By: <U>/s/ Jennifer
Thomas&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">Name: Jennifer Thomas</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">Title: Director</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"><B>JACK WOLFSKIN RETAIL GMBH</B>,</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">a limited liability company (<I>Gesellschaft mit </I><I>beschr&auml;nkter Haftung</I>) under the laws of the Federal Republic of Germany</TD></TR></TABLE></DIV>
<DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">


<TR>

<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="99%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24" COLSPAN="3"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">By: <U>/s/ Richard William
Collier&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">Name: Richard William Collier</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">Title: Managing Director</TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">


<TR>

<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="99%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24" COLSPAN="3"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">By: <U>/s/ Andre Alexander
Grube&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:Times New Roman">Name: Andre Alexander Grube</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">Title: Managing Director</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><I>[Signature Page to
Sixth Amendment to </I></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B><I></I></B><I>Fourth Amended and Restated Loan and Security Agreement]</I><B><I> </I></B></P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">


<TR>

<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="99%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"><B><U>AGENT AND LENDERS</U></B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"><B>BANK OF AMERICA, N.A.</B>, as Agent and as a U.S. Lender</TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">


<TR>

<TD WIDTH="14%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="85%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24" COLSPAN="3"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">By: <U>/s/ Jennifer
Tang&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">Name: Jennifer Tang</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">Title: SVP</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">Address:</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Bank of America, N.A.</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:Times New Roman">520 Newport
Center Drive, Ste. 900</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Newport Beach, CA 92660</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Attn: Jennifer Tang</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="white-space:nowrap">E-Mail:</FONT> jennifer.tang@bofa.com</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">With a copy to:</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Morgan, Lewis&nbsp;&amp; Bockius LLP</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:Times New Roman">300 South Grand Avenue, 22nd Floor</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Los Angeles, California 90071-3132</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Attn: Marshall Stoddard, Jr., Esq.</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Email:marshall.stoddard@morganlewis.com</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Telecopy: (213) <FONT STYLE="white-space:nowrap">612-2501</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"><B>BANK OF AMERICA, N.A.</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">(acting through its London branch), as a U.K./Dutch</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">Lender and a German Lender</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="32" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">By: <U>/s/ Jennifer
Tang&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">Name: Jennifer Tang</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">Title: SVP</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">Address: On File with Agent</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><I>[Signature Page to
Sixth Amendment to </I></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B><I></I></B><I>Fourth Amended and Restated Loan and Security Agreement]</I><B><I> </I></B></P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">


<TR>

<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="99%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"><B>BANK OF AMERICA, N.A.</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">(acting through its Canada branch), as a Canadian Lender</TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">


<TR>

<TD WIDTH="15%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="84%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24" COLSPAN="3"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">By: <U>/s/ Sylwia
Durkiewicz&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">Name: Sylwia Durkiewicz</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">Title: Vice President</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">Address:</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Bank of America, N.A.</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:Times New Roman">181 Bay Street,
Suite 400</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Toronto, ON M5J 2V8</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Attn: Sylwia Durkiewicz</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="white-space:nowrap">E-Mail:</FONT> sylwia.durkiewicz@bofa.com</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Telecopy: (312) <FONT STYLE="white-space:nowrap">453-4041</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">With a copy to:</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Morgan, Lewis&nbsp;&amp; Bockius LLP</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:Times New Roman">300 South Grand Avenue, 22nd Floor</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Los Angeles, California 90071-3132</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Attn: Marshall Stoddard, Jr., Esq.</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Email: marshall.stoddard@morganlewis.com</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Telecopy: (213) <FONT STYLE="white-space:nowrap">612-2501</FONT></TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><I>[Signature Page to
Sixth Amendment to </I></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B><I></I></B><I>Fourth Amended and Restated Loan and Security Agreement]</I><B><I> </I></B></P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">


<TR>

<TD WIDTH="99%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>MUFG UNION BANK N.A.</B>,</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:Times New Roman">as a U.S. Lender,
a Canadian Lender, a U.K./Dutch</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Lender and a German Lender</TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">


<TR>

<TD WIDTH="99%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="32"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">By: <U>/s/ Ryan J.
Bannan&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Name: Ryan J. Bannan</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Title: Vice President</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Address: On File with Agent</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><I>[Signature Page to
Sixth Amendment to </I></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B><I></I></B><I>Fourth Amended and Restated Loan and Security Agreement]</I><B><I> </I></B></P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">


<TR>

<TD WIDTH="99%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>TRUIST BANK</B>,</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:Times New Roman">as a U.S. Lender, a
Canadian Lender, a U.K./Dutch</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Lender and a German Lender</TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">


<TR>

<TD WIDTH="99%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="32"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">By: <U>/s/ Jonathan
Keegan&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Name: Jonathan Keegan</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Title: Vice President</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Address: On File with Agent</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><I>[Signature Page to
Sixth Amendment to </I></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B><I></I></B><I>Fourth Amended and Restated Loan and Security Agreement]</I><B><I> </I></B></P>

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<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">


<TR>

<TD WIDTH="99%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"><B>JPMORGAN CHASE BANK, N.A.</B>,</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">as a U.S. Lender</TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">


<TR>

<TD WIDTH="99%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="32"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">By: <U>/s/ Anna C.
Araya&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Name: Anna C. Araya</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Title: Executive Director</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Address: On File with Agent</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><I>[Signature Page to
Sixth Amendment to </I></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B><I></I></B><I>Fourth Amended and Restated Loan and Security Agreement]</I><B><I> </I></B></P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">


<TR>

<TD WIDTH="99%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>JPMORGAN CHASE BANK, N.A., TORONTO BRANCH,</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:Times New Roman">as a Canadian Lender</P></TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">


<TR>

<TD WIDTH="99%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="32"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">By: <U>/s/ Auggie
Marchetti&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Name: Auggie Marchetti</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Title: Authorized Officer</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Address: On File with Agent</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><I>[Signature Page to
Sixth Amendment to </I></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B><I></I></B><I>Fourth Amended and Restated Loan and Security Agreement]</I><B><I> </I></B></P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">


<TR>

<TD WIDTH="99%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>JPMORGAN CHASE BANK, N.A., LONDON BRANCH,</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:Times New Roman">as a U.K./Dutch Lender and a German Lender</P></TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">


<TR>

<TD WIDTH="99%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="32"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">By: <U>/s/ Graeme
Syme&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Name: Graeme Syme</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Title: VP</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Address: On File with Agent</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><I>[Signature Page to
Sixth Amendment to </I></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B><I></I></B><I>Fourth Amended and Restated Loan and Security Agreement]</I><B><I> </I></B></P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit A </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Conformed Copy of Credit Agreement </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">(Marked Copy) </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><I>[see attached]
</I></P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="right"><B>CONFORMED THROUGH
<FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>FIFTH</STRIKE></FONT><U>SIXTH</U> AMENDMENT </B></P> <P STYLE="font-size:20pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><U>TOPGOLF </U>CALLAWAY <FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>GOLF COMPANY</STRIKE></FONT><U>BRANDS CORP. </U>
</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><U>(formerly known as Callaway Golf Company)</U>, </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>CALLAWAY GOLF SALES COMPANY, </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>CALLAWAY GOLF BALL OPERATIONS, INC., </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>OGIO INTERNATIONAL, INC., </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>TRAVISMATHEW, LLC,</B> and </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>JACK WOLFSKIN NORTH AMERICA, INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">as U.S. Borrowers, Canadian Facility Guarantors, U.K.<B><U>/Dutch</U></B> Facility Guarantors and German Facility Guarantors </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>CALLAWAY GOLF CANADA LTD., </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">as the Canadian Borrower, a U.K.<B><U>/Dutch</U></B> Facility Guarantor and a German Facility Guarantor, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>CALLAWAY GOLF EUROPE LTD.<FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>,</STRIKE></FONT><U> and</U> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><U>CALLAWAY GOLF EU B.V.</U> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">as <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>the</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B>&nbsp;
U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B>,<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;a</STRIKE></FONT></B> Canadian Facility <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>Guarantor</STRIKE></FONT></B><B><U>Guarantors</U></B>, and <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>a</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B>&nbsp;German Facility <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>Guarantor</STRIKE></FONT></B><B><U>Guarantors</U></B>, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>JACK WOLFSKIN AUSR&Uuml;STUNG F&Uuml;R DRAUSSEN GMBH</B><B></B><B>&nbsp;&amp; CO. KGAA</B>, </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">as German Borrower, a Canadian Facility Guarantor and a U.K.<B><U>/Dutch</U></B> Facility Guarantor, and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>THE OTHER OBLIGORS PARTY HERETO </B></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>FOURTH AMENDED AND RESTATED LOAN
AND SECURITY AGREEMENT </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Dated as of May&nbsp;17, 2019 </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">$400,000,000 </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>CERTAIN FINANCIAL INSTITUTIONS,
</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">as Lenders, </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>BANK OF
AMERICA, N.A., </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">as Administrative Agent </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>MUFG UNION BANK N.A. </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">as
Syndication Agent </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>SUNTRUST BANK, </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">as Documentation Agent </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">and </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>BANK OF AMERICA, N.A., </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">as
Sole Lead Arranger and Sole Bookrunner </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><U>TABLE OF CONTENTS</U> </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" ALIGN="center">


<TR>

<TD WIDTH="8%"></TD>

<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD WIDTH="84%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Page</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Section&nbsp;1.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Definitions; Rules of Construction</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="6"></TD>
<TD HEIGHT="6" COLSPAN="2"></TD>
<TD HEIGHT="6" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">1.1</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Definitions</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">1.2</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Accounting Terms</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">79</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">1.3</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Uniform Commercial Code/PPSA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">79</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">1.4</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Certain Matters of Construction</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">79</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">1.5</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Calculations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">80</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">1.6</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Interpretation (Quebec)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">80</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><U>1.7</U></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><U>Interpretation (The Netherlands)</U></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B><U></U>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B><U>80</U></B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><U>1.8</U></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><U>Interpretation (the U.K.)</U></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B><U></U>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B><U>81</U></B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="6"></TD>
<TD HEIGHT="6" COLSPAN="2"></TD>
<TD HEIGHT="6" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Section&nbsp;2.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Credit Facilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">81</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="6"></TD>
<TD HEIGHT="6" COLSPAN="2"></TD>
<TD HEIGHT="6" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">2.1</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Revolver Commitments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">81</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">2.2</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">U.K./<B><U>Dutch</U></B> Letter of Credit Facility</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">87</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">2.3</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">U.S. Letter of Credit Facility</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">90</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">2.4</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Canadian Letter of Credit Facility</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">93</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">2.5</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">German Letter of Credit Facility</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">96</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><FONT STYLE="font-size:12pt"><STRIKE>2.6</STRIKE></FONT></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><FONT STYLE="font-size:12pt"><STRIKE>Term Loans</STRIKE></FONT></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B><FONT STYLE="font-size:12pt"><STRIKE></STRIKE></FONT>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B><FONT STYLE="font-size:12pt"><STRIKE>99</STRIKE></FONT></B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="6"></TD>
<TD HEIGHT="6" COLSPAN="2"></TD>
<TD HEIGHT="6" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Section&nbsp;3.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Interest, Fees and Charges</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="6"></TD>
<TD HEIGHT="6" COLSPAN="2"></TD>
<TD HEIGHT="6" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">3.1</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Interest</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">3.2</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Fees</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">104</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">3.3</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Computation of Interest, Fees, Yield Protection</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">106</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">3.4</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Reimbursement Obligations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">106</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">3.5</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Illegality</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">107</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">3.6</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Inability to Determine Rates</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">107</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">3.7</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Increased Costs; Capital Adequacy</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">112</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">3.8</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Mitigation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">113</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">3.9</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Funding Losses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">113</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">3.10</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Maximum Interest</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">113</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><FONT STYLE="font-size:12pt"><STRIKE>3.11</STRIKE></FONT></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><FONT STYLE="font-size:12pt"><STRIKE>Terms Applicable to Alternative Currency
Loans</STRIKE></FONT></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B><FONT STYLE="font-size:12pt"><STRIKE></STRIKE></FONT>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B><FONT STYLE="font-size:12pt"><STRIKE>114</STRIKE></FONT></B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="6"></TD>
<TD HEIGHT="6" COLSPAN="2"></TD>
<TD HEIGHT="6" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Section&nbsp;4.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Loan Administration</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">120</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="6"></TD>
<TD HEIGHT="6" COLSPAN="2"></TD>
<TD HEIGHT="6" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">4.1</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Manner of Borrowing and Funding Revolver Loans</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">120</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">4.2</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Defaulting Lender</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">123</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">4.3</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top">Number and Amount of <FONT STYLE="font-size:12pt"><B><STRIKE>LIBOR</STRIKE></B></FONT><B><U>Term SOFR</U></B> Loans<FONT STYLE="font-size:12pt"><B><STRIKE> and</STRIKE></B></FONT><B><U>, EURIBOR Loans, SONIA Loans, SARON
Loans,</U></B> Canadian BA Rate Loans<B><U> and Canadian Prime Rate Loans</U></B>; Determination of Rate</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">124</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">4.4</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Borrower Agent</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">125</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">4.5</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">One Obligation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">125</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">4.6</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Effect of Termination</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">125</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="6"></TD>
<TD HEIGHT="6" COLSPAN="2"></TD>
<TD HEIGHT="6" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Section&nbsp;5.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Payments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">126</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="6"></TD>
<TD HEIGHT="6" COLSPAN="2"></TD>
<TD HEIGHT="6" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">5.1</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">General Payment Provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">126</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">5.2</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Repayment of Revolver Loans</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">126</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">5.3</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><FONT STYLE="font-size:12pt"><B><STRIKE>Repayment of Term
Loans</STRIKE></B></FONT><B><U>[Reserved]</U></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">127</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">5.4</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Payment of Other Obligations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">127</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">5.5</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Marshaling; Payments Set Aside</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">127</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" ALIGN="center">


<TR>

<TD WIDTH="9%"></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="84%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">5.6</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Post-Default Allocation of Payments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">127</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">5.7</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Application of Payments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">132</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">5.8</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Loan Account; Account Stated</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">133</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">5.9</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Taxes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">134</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">5.10</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Lender Tax Information</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">137</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">5.11</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Guarantee by Obligors</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">138</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">5.12</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Currency Matters</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">147</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">5.13</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Currency Fluctuations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">148</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Section&nbsp;6.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Conditions Precedent</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">148</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">6.1</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Conditions Precedent to Effectiveness and Loans</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">148</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">6.2</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Conditions Precedent to All Credit Extensions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">150</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><U>6.3</U></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><U>Loans to the Dutch Borrower</U></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B><U></U>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B><U>151</U></B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Section&nbsp;7.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Collateral</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">151</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">7.1</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Grant of Security Interest</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">151</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">7.2</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Lien on Deposit Accounts; Cash Collateral</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">153</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">7.3</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Real Estate Collateral</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">154</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">7.4</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Other Collateral</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">154</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">7.5</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">No Assumption of Liability</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">154</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">7.6</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Further Assurances</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">154</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Section&nbsp;8.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Collateral Administration</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">155</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">8.1</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Borrowing Base Certificates</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">155</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">8.2</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Administration of Accounts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">155</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">8.3</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Administration of Inventory</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">157</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">8.4</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Intentionally Omitted</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">157</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">8.5</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Administration of Deposit Accounts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">157</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">8.6</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">General Provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">158</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">8.7</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Power of Attorney</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">159</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Section&nbsp;9.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Representations and Warranties</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">159</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">9.1</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">General Representations and Warranties</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">159</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Section&nbsp;10.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Covenants and Continuing Agreements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">166</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">10.1</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Affirmative Covenants</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">166</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">10.2</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Negative Covenants</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">173</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">10.3</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Financial Covenants</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">185</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">10.4</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Company Trademark</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">185</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Section&nbsp;11.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Events of Default; Remedies on Default</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">185</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">11.1</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Events of Default</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">185</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">11.2</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Remedies upon Default</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">187</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">11.3</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">License</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">188</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">11.4</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Setoff</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">188</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">11.5</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Remedies Cumulative; No Waiver</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">188</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">11.6</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Judgment Currency</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">189</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Section&nbsp;12.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Agent</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">189</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">12.1</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Appointment, Authority and Duties of Agent</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">189</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">12.2</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Agreements Regarding Collateral and Field Examination Reports</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">192</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" ALIGN="center">


<TR>

<TD WIDTH="9%"></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="84%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">12.3</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Reliance By Agent</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">192</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">12.4</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Action Upon Default</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">192</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">12.5</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Ratable Sharing</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">193</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">12.6</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Indemnification</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">193</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">12.7</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Limitation on Responsibilities of Agent</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">193</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">12.8</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Successor Agent and <FONT STYLE="white-space:nowrap">Co-Agents</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">194</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">12.9</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Due Diligence and <FONT STYLE="white-space:nowrap">Non-Reliance</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">194</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">12.10</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Remittance of Payments and Collections</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">195</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">12.11</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Agent in its Individual Capacity</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">195</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">12.12</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Agent Titles</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">195</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">12.13</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Bank Product Providers</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">195</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">12.14</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">No Third Party Beneficiaries</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">196</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Section&nbsp;13.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Benefit of Agreement; Assignments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">196</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">13.1</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Successors and Assigns</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">196</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">13.2</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Participations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">196</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">13.3</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Assignments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">197</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">13.4</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Replacement of Certain Lenders</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">198</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Section&nbsp;14.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Miscellaneous</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">198</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">14.1</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Consents, Amendments and Waivers</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">198</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">14.2</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Indemnity</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">200</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">14.3</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Notices and Communications</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">200</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">14.4</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Performance of Obligors&#146; Obligations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">200</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">14.5</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Credit Inquiries</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">201</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">14.6</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Severability</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">201</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">14.7</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Cumulative Effect; Conflict of Terms</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">201</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">14.8</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><FONT STYLE="font-size:12pt"><B><STRIKE>Counterparts</STRIKE></B></FONT><B><U>Execution;
Electronic Records</U></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">201</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">14.9</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Entire Agreement</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">202</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">14.10</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Relationship with Lenders</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">202</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">14.11</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Lender Loss Sharing Agreement</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">202</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">14.12</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">No Advisory or Fiduciary Responsibility</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">204</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">14.13</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Confidentiality</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">204</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">14.14</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">GOVERNING LAW</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">205</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">14.15</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Consent to Forum; Judicial Reference; <FONT STYLE="white-space:nowrap">Bail-In</FONT> of Affected
Financial Institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">205</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">14.16</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Waivers by Obligors</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">206</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">14.17</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Patriot Act and AML Legislation Notice</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">206</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">14.18</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Canadian Anti-Money Laundering Legislation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">206</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">14.19</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Parallel Debt Undertaking</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">207</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">14.20</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Reinstatement</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">208</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">14.21</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Nonliability of Lenders</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">208</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">14.22</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Know Your Customer</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">208</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">14.23</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Amendment and Restatement</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">208</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">14.24</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Intercreditor Agreement</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">209</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.30em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">14.25</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman">Acknowledgement Regarding Supported QFCs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">209</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify">LIST OF EXHIBITS AND SCHEDULES </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" ALIGN="center">


<TR>

<TD WIDTH="17%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="82%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Exhibit <FONT STYLE="white-space:nowrap">A-1</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Form of Canadian Revolver Note</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Exhibit <FONT STYLE="white-space:nowrap">A-2</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Form of U.S. Revolver Note</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Exhibit <FONT STYLE="white-space:nowrap">A-3</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Form of U.K.<B><U>/Dutch</U></B> Revolver Note</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Exhibit <FONT STYLE="white-space:nowrap">A-4</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Form of German Revolver Note</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Exhibit B</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Assignment and Acceptance</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Exhibit C</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Assignment Notice</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Exhibit D</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Form of Compliance Certificate</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Exhibit E</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Form of Mortgage</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Exhibit <FONT STYLE="white-space:nowrap">F-1</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">German Account Pledge Agreement</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Exhibit <FONT STYLE="white-space:nowrap">F-2</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">German Global Assignment</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Exhibit <FONT STYLE="white-space:nowrap">F-3</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">German Security Transfer Agreement</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="32"></TD>
<TD HEIGHT="32" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Schedule <FONT STYLE="white-space:nowrap">E-1</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Existing Letters of Credit</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Schedule <FONT STYLE="white-space:nowrap">F-1</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Company Trademarks</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Schedule 1.1</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Commitments of Lenders</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Schedule 1.1C</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">U.K.<B><U>/Dutch</U></B> Eligible Foreign Accounts</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Schedule 1.1D</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">U.K. <FONT STYLE="white-space:nowrap">Non-Bank</FONT> Lenders</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Schedule 5.9.9</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Treaty Lenders under HMRC DT Passport Scheme</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Schedule 8.6.1</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Business Locations</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Schedule 9.1.8</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Real Property in a Special Flood Hazard Zone</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Schedule 9.1.9</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Environmental Matters</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Schedule 9.1.12</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">ERISA Compliance</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Schedule 9.1.13</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Names and Capital Structure</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Schedule 9.1.17</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Patents, Trademarks, Copyrights and Licenses</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Schedule 9.1.21</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Labor Contracts</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Schedule 9.1.24</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Commercial Tort Claims</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Schedule 10.2.1</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Existing Liens</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Schedule 10.2.2</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Permitted Investments</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Schedule 10.2.3</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.82em; text-indent:-9.82em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Permitted Debt</P></TD></TR>
</TABLE>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="right"><B>CONFORMED THROUGH
<FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>FIFTH</STRIKE></FONT><U>SIXTH</U> AMENDMENT </B></P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><U>FOURTH AMENDED AND
RESTATED LOAN AND SECURITY AGREEMENT</U> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>THIS FOURTH AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT</B> is dated
as of May&nbsp;17, 2019, among<B><U> TOPGOLF</U></B><B> CALLAWAY </B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>GOLF COMPANY</STRIKE></FONT></B><B><U>BRANDS CORP. (formerly known as Callaway Golf Company)</U></B>,<I> </I>a
Delaware corporation (&#147;<U>Parent</U>&#148;), <B>CALLAWAY GOLF SALES COMPANY</B>,<I> </I>a California corporation (&#147;<U>Callaway Sales</U>&#148;), <B>CALLAWAY GOLF BALL OPERATIONS, INC.</B>,<B><I> </I></B>a Delaware corporation
(&#147;<U>Callaway Operations</U>&#148;), <B>OGIO INTERNATIONAL, INC.</B>, a Utah corporation, (&#147;<U>Ogio</U>&#148;), <B>TRAVISMATHEW, LLC</B>,<I> </I>a California limited liability company (&#147;<U>travisMathew</U>&#148;), <B>JACK WOLFSKIN
NORTH AMERICA, INC.</B>,<B><I> </I></B>a Delaware corporation (&#147;Domestic Jack Wolfskin&#148; and together with Parent, Callaway Sales, Callaway Operations, Ogio, and travisMathew, collectively, &#147;<U>U.S. Borrowers</U>&#148;), <B>CALLAWAY
GOLF CANADA LTD.</B>, a Canada corporation (&#147;<U>Canadian Borrower</U>&#148;), <B>JACK WOLFSKIN AUSR</B><B>&Uuml;</B><B>STUNG F</B><B>&Uuml;</B><B>R DRAUSSEN GMBH</B><B></B><B>&nbsp;&amp; CO. KGAA</B>, a partnership limited by shares
(<I>Kommanditgesellschaft auf Aktien</I>) under the laws of the Federal Republic of Germany (&#147;<U>German Borrower</U>&#148;), <B>CALLAWAY GOLF EUROPE LTD., </B>a company
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>organized</STRIKE></FONT></B><B><U>incorporated</U></B> under the laws of England and Wales (registered number 02756321) (<B><U>the </U></B>&#147;<U>U.K.
Borrower</U><B><U>&#148;</U></B><B><U>), CALLAWAY GOLF EU B.V., a private company with limited liability (</U></B><B><I></I></B><B><U></U></B><B><I><U>besloten vennootschap met beperkte
aansprakelijkheid)</U></I></B><B><U></U></B><B><I></I></B><B><U>, incorporated under the laws of the Netherlands, having its statutory seat in Amsterdam, the Netherlands its registered office at Herikerbergweg 88, 1101 CM Amsterdam, the Netherlands,
registered with the Chamber of Commerce (Kamer van Koophandel) under number 86392468 (the </U></B><B><U>&#147;</U></B><B><U>Dutch Borrower</U></B><B><U>&#148;</U></B><B><U> and together with the U.K. Borrower, collectively, the
</U></B><B><U>&#147;</U></B><B><U>U.K./Dutch Borrowers</U></B>&#148; and together with the U.S. Borrowers, the German Borrower and the Canadian Borrower, collectively, &#147;<U>Borrowers</U>&#148;), the other Obligors party to this Agreement from
time to time, the financial institutions party to this Agreement from time to time as lenders (collectively, &#147;<U>Lenders</U>&#148;), and <B>BANK OF AMERICA, N.A.</B>, a national banking association, as administrative agent and as security
trustee for the Lenders (<B><U>in such capacity, together with its successors and assigns in such capacity, </U></B>&#147;<U>Agent</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><U>R E C I T A L S</U>: </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>WHEREAS</B>, Agent, the Lenders party thereto, Parent, Callaway Sales, Callaway Operations, the Canadian Borrower, and the
other Obligors party thereto entered into that certain Third Amended and Restated Loan and Security Agreement (the &#147;<U>Third Amended and Restated Loan Agreement</U>&#148;), dated as of November&nbsp;20, 2017 (the &#147;<U>Third Amended Original
Closing Date</U>&#148;), which amended and restated that certain Second Amended and Restated Loan and Security Agreement (the &#147;<U>Second Amended and Restated Loan Agreement</U>&#148;), dated as of December&nbsp;22, 2011 (the &#147;<U>Second
Amended Original Closing Date</U>&#148;), which amended and restated that certain Amended and Restated Loan and Security Agreement dated as of July&nbsp;22, 2011 (the &#147;<U>Original Amended and Restated Loan Agreement</U>&#148;), which amended
and restated that certain Loan and Security Agreement dated as of June&nbsp;30, 2011 (the &#147;<U>Original Loan Agreement</U>&#148;); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>WHEREAS</B>, the parties hereto have agreed to amend and restate in their entirety the agreements contained in the Third
Amended and Restated Loan Agreement as amongst themselves; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>WHEREAS</B>, the Obligors have requested that: (i)&nbsp;the
U.S. Lenders provide a credit facility to the U.S. Borrowers; (ii)&nbsp;the Canadian Lenders provide a credit facility to the Canadian Borrower; (iii)&nbsp;the German Lenders provide a credit facility to the German Borrower; and (iv)&nbsp;the
U.K.<B><U>/Dutch</U></B> Lenders provide a credit facility to the
U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B>, in each case, to
finance their mutual and collective business enterprise; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>WHEREAS</B>, the applicable Lenders are willing to provide
such credit facilities on the terms and conditions set forth herein; and </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>WHEREAS</B>, each Obligor hereby restates, ratifies and reaffirms each
and every term and condition set forth in the Third Amended and Restated Loan Agreement, as amended and restated hereby, and the other Loan Documents effective as of the date hereof; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>NOW, THEREFORE</B>, in consideration of the mutual conditions and agreements set forth herein, and for other good and
valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto amend and restate the Third Amended and Restated Loan Agreement and agree as follows: </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>SECTION&nbsp;1. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DEFINITIONS; RULES OF CONSTRUCTION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>1.1</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>&nbsp;&nbsp;&nbsp;&nbsp;<U>Definitions</U></B><B>.</B> As used herein, the following
terms have the meanings set forth below: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Account</U>: as defined in the UCC (and/or, with respect to any Accounts of a
Canadian Subsidiary, as defined in the PPSA), including all rights to payment for goods sold or leased, or for services rendered. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Account Debtor</U>: a Person who is obligated under an Account, Chattel Paper or General Intangible. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Acquisition: any transaction, or any series of related transactions, consummated on or after the Original Agreement Closing
Date, by which Parent, directly or indirectly, acquires (a)&nbsp;any going business or all or substantially all of the assets of any Person or division thereof, whether through purchase of assets, merger, or otherwise or (b)&nbsp;in one transaction
or as the most recent transaction in a series of transactions, a majority (in number of votes) of the Equity Interests of a Person which has ordinary voting power for the election of directors or other similar management personnel of a Person (other
than Equity Interests having such power only by reason of the happening of a contingency) or a majority of the outstanding Equity Interests of a Person. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Acquisition Cap</U>:
$<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>25,000,000</STRIKE></FONT></B><B><U>50,000,000</U></B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Additional Collateral</U>: as defined in Section&nbsp;10.2.1(o). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Affected Financial
Institution</U>:<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;means</STRIKE></FONT></B> (a)&nbsp;any EEA Financial Institution or
(b)&nbsp;any U.K. Financial Institution. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Affiliate</U>: with respect to any Person, another Person that directly, or
indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. &#147;<U>Control</U>&#148; means the possession, directly or indirectly, of the power to direct or cause the direction
of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. &#147;<U>Controlling</U>&#148; and &#147;<U>Controlled</U>&#148; have correlative meanings. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Agent</U>: as defined in the preamble to this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Agent Indemnitees</U>: Agent and its officers, directors, employees, Affiliates, agents and attorneys. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Agent Professionals</U>: attorneys, accountants, appraisers, auditors, business valuation experts, environmental engineers
or consultants, turnaround consultants, and other professionals and experts retained by Agent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Agent</U><U>&#146;</U><U>s Office</U>: with respect to any currency, <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>the</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;
</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt">Agent&#146;s address and, as appropriate, account specified in this Agreement with respect to such currency, or such other address or account with respect to such currency
as the Agent may from time to time notify the Borrower and the Lenders. </FONT></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">2 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>Agreed Currency: Dollars, Canadian Dollars, British Pounds, Swiss
Francs and Euros.</U></B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Agreement</U>: this Fourth Amended and Restated Loan and Security Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Allocable Amount</U>: as defined in <B>Section</B><B></B><B>&nbsp;5.11</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE><FONT STYLE="font-family:Times New Roman"><strike><u>Alternative Currency</u></strike></FONT></STRIKE><STRIKE>:
British Pounds, Swiss Francs and Euros.</STRIKE> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE><FONT STYLE="font-family:Times New Roman"><strike><u>Alternative Currency Daily
Rate</u></strike></FONT></STRIKE><STRIKE>:</STRIKE><SUP STYLE="font-size:75%; vertical-align:top"><STRIKE></STRIKE></SUP><STRIKE>&nbsp;for any day, with respect to any extension of credit under this Agreement:</STRIKE> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman"><STRIKE>(a)&nbsp;&nbsp;&nbsp;&nbsp;denominated in British Pounds, the rate per
annum equal to SONIA determined pursuant to the definition thereof plus the SONIA Adjustment; and</STRIKE></FONT> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT
STYLE="font-family:Times New Roman"><STRIKE>(b)&nbsp;&nbsp;&nbsp;&nbsp;denominated in Swiss Francs, the rate per annum equal to SARON determined pursuant to the definition thereof plus the SARON Adjustment;</STRIKE></FONT><STRIKE>&nbsp;</STRIKE>
</B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><I></I></B><B><STRIKE></STRIKE></B><I><STRIKE></STRIKE></I><B><I><STRIKE>provided</STRIKE></I></B><I><STRIKE></STRIKE></I><B>
<STRIKE></STRIKE></B><B><I><STRIKE>,</STRIKE></I></B><B><STRIKE></STRIKE></B><B><I></I></B><B><STRIKE></STRIKE></B><B><I></I></B><B><STRIKE> that, if any Alternative Currency Daily Rate shall be less than zero, such rate shall be deemed to be zero
for purposes of this Agreement. Any change in an Alternative Currency Daily Rate shall be effective from and including the date of such change without further notice.</STRIKE></B><B><I> </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE><strike><u>Alternative Currency Daily Rate Loan</u></strike></STRIKE><STRIKE>: a Loan that bears interest at a rate
based on the definition of </STRIKE><STRIKE>&#147;</STRIKE><STRIKE>Alternative Currency Daily Rate.</STRIKE><STRIKE>&#148;</STRIKE><STRIKE> All Alternative Currency Daily Rate Loans must be denominated in Swiss Francs or British Pounds.</STRIKE>
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE><FONT STYLE="font-family:Times New Roman"><strike><u>Alternative Currency
Loan</u></strike></FONT></STRIKE><STRIKE>: an Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, as applicable.</STRIKE> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE><strike><u>Alternative Currency Term Rate</u></strike></STRIKE><STRIKE>:</STRIKE><STRIKE></STRIKE><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE> for any Interest Period, with respect to any extension of credit under this Agreement denominated in Euros, the rate per annum equal to<FONT
STYLE="font-family:Times New Roman; font-size:11pt"> the Euro Interbank Offered Rate (&#147;<strike><u>EU</u></strike><strike><u>RIBOR</u></strike>&#148;), as published on the applicable Reuters screen page (or such other commercially available
source providing such quotations as may be designated by</FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"> </FONT></STRIKE></FONT><STRIKE>the Agent from time to time) on the day</STRIKE><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE> that is two TARGET Days preceding the first day of such Interest Period<FONT STYLE="font-family:Times New Roman; font-size:11pt"> with a term equivalent to such Interest
Period</FONT></STRIKE></FONT><STRIKE>;</STRIKE><FONT STYLE="font-family:Times New Roman"> </FONT></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B></B><B><I></I></B><B><STRIKE></STRIKE></B><B><I><STRIKE>provided,</STRIKE></I></B><B><STRIKE></STRIKE></B><B><I></I></B><B><STRIKE>
</STRIKE><STRIKE>&nbsp;that, if any Alternative Currency Term Rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.</STRIKE> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE><FONT STYLE="font-family:Times New Roman"><strike><u>Alternative Currency Term Rate
Loan</u></strike></FONT></STRIKE><STRIKE>: a Loan that bears interest at a rate based on the definition of </STRIKE><STRIKE>&#147;</STRIKE><STRIKE>Alternative Currency Term Rate.</STRIKE><STRIKE>&#148;</STRIKE><STRIKE> All Alternative Currency Term
Rate Loans must be denominated in Euros.</STRIKE><STRIKE>&nbsp;</STRIKE> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>AML Legislation</U>: as defined in
<B>Section</B><B></B><B>&nbsp;14.17</B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Anti-Corruption Laws</U>:<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;means</STRIKE></FONT></B> all laws, rules, and regulations of any jurisdiction applicable to
any Obligor, any Subsidiaries or any Excluded Subsidiaries from time to time concerning or relating to bribery or corruption. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">3 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Anti-Terrorism Laws</U>: any laws relating to terrorism or money
laundering, including the Patriot Act and the Proceeds of Crime Act. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Applicable Authority</U>: with respect to any <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>Alternative</STRIKE></FONT></B><B><U>Agreed</U></B> Currency, the applicable administrator for the Relevant Rate for such
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>Alternative</STRIKE></FONT></B><B><U>Agreed</U></B> Currency or any governmental authority having jurisdiction over the Agent or such administrator. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Applicable Law</U>: all laws, rules, regulations and governmental guidelines with the force of law applicable to the
Person, conduct, transaction, agreement or matter in question, including all applicable statutory law, common law and equitable principles, and all provisions of constitutions, treaties, statutes, rules, regulations, orders and decrees of
Governmental Authorities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Applicable Lenders</U>: with respect to: (a)&nbsp;the U.S. Borrowers, the U.S. Lenders who
have a U.S. Revolver Commitments (and if the U.S. Revolver Commitments have terminated, each U.S. Lender that had a U.S. Revolver Commitment immediately prior to such termination), (b) the Canadian Borrower, the Canadian Lenders, (c)&nbsp;the German
Borrower, the German Lenders, and (d)&nbsp;the
U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B>, the
U.K.<B><U>/Dutch</U></B> Lenders. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Applicable Margin</U>: with respect to any Type of Loan, the respective margin set
forth in the grid below (the &#147;<U>Pricing Grid</U>&#148;), as determined by the Availability Ratio for the last calendar month: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman" ALIGN="center">&nbsp;&nbsp;<U>Level</U>&nbsp;&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Availability</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><U>&nbsp;&nbsp;&nbsp;&nbsp;Ratio</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">U.S.&nbsp;Base<BR>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Rate</P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Revolver</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><U>&nbsp;&nbsp;&nbsp;&nbsp;Loans&nbsp;&nbsp;&nbsp;&nbsp;</U></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B><FONT STYLE="font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U></U></B><BR>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><U>Term</U></B></P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><U>SOFR</U></B></P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Revolver</P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Loans<B><FONT STYLE="font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-size:12pt"><STRIKE>&nbsp;and</STRIKE></FONT></B></P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><FONT STYLE="font-size:12pt"><STRIKE>Alternative</STRIKE></FONT></B></P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><FONT STYLE="font-size:12pt"><STRIKE>Currency</STRIKE></FONT></B><B><U>,</U></B></P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><U>SONIA</U></B></P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><U>Loans,</U></B></P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><U>EURIBOR</U></B></P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><U>Loans
and</U></B></P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><U>SARON</U></B></P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5e5e5" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000" BGCOLOR="#e5e5e5"><B><FONT STYLE="font-size:12pt"><STRIKE>U.S.<BR>Base<BR>Rate<BR>Term</STRIKE></FONT></B>
 <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><strike><u>Loans</u></strike></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5e5e5" STYLE=" BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000" BGCOLOR="#e5e5e5"><B><FONT STYLE="font-size:12pt"><STRIKE>LIBOR<BR>Term</STRIKE></FONT></B>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><strike><u>Loans</u></strike></B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Canadian<BR>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">BA&nbsp;Rate</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><U>&nbsp;&nbsp;&nbsp;&nbsp;Loans&nbsp;&nbsp;&nbsp;&nbsp;</U></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Canadian<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Prime</P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Rate</P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Loans&nbsp;and</P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Canadian</P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Base&nbsp;Rate</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><U>&nbsp;&nbsp;&nbsp;&nbsp;Loans&nbsp;&nbsp;&nbsp;&nbsp;</U></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">U.K.<B><U>/Dutch</U></B><BR>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Base&nbsp;Rate</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">German<BR>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Base</P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Rate</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><U>&nbsp;&nbsp;Loans&nbsp;&nbsp;</U></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman" ALIGN="center">I&nbsp;&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">Greater than or equal to 67%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B><FONT STYLE="font-size:12pt"><STRIKE>0.50%</STRIKE></FONT></B><B><U></U></B><BR>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><U>0.25%</U></B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><B><FONT STYLE="font-size:12pt"><STRIKE>1.50%</STRIKE></FONT></B><B><U></U></B><BR>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><U>1.25%</U></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5e5e5" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000" BGCOLOR="#e5e5e5"><FONT STYLE="font-size:12pt"><B><STRIKE>3.00%</STRIKE></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5e5e5" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000" BGCOLOR="#e5e5e5"><FONT STYLE="font-size:12pt"><B><STRIKE>4.00%</STRIKE></B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B><FONT STYLE="font-size:12pt"><STRIKE>1.50%</STRIKE></FONT></B><B><U></U></B><BR>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><U>1.25%</U></B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><B><FONT STYLE="font-size:12pt"><STRIKE>0.50%</STRIKE></FONT></B><B><U></U></B><BR>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><U>0.25%</U></B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B><FONT STYLE="font-size:12pt"><STRIKE>1.50%</STRIKE></FONT></B><B><U></U></B><BR>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><U>1.25%</U></B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B><FONT STYLE="font-size:12pt"><STRIKE>1.50%</STRIKE></FONT></B><B><U></U></B><BR>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><U>1.25%</U></B></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman" ALIGN="center">II&nbsp;&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">Less than 67% but greater than or equal to 33%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B><FONT STYLE="font-size:12pt"><STRIKE>0.75%</STRIKE></FONT></B><B><U></U></B><BR>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><U>0.50%</U></B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><FONT STYLE="font-size:12pt"><STRIKE>1.75%</STRIKE></FONT></B><B><U></U></B></P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><U>1.50%</U></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5e5e5" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000" BGCOLOR="#e5e5e5"><FONT STYLE="font-size:12pt"><B><STRIKE>3.25%</STRIKE></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5e5e5" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000" BGCOLOR="#e5e5e5"><FONT STYLE="font-size:12pt"><B><STRIKE>4.25%</STRIKE></B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B><FONT STYLE="font-size:12pt"><STRIKE>1.75%</STRIKE></FONT></B><B><U></U></B><BR>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><U>1.50%</U></B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><B><FONT STYLE="font-size:12pt"><STRIKE>0.75%</STRIKE></FONT></B><B><U></U></B><BR>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><U>0.50%</U></B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B><FONT STYLE="font-size:12pt"><STRIKE>1.75%</STRIKE></FONT></B><B><U></U></B><BR>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><U>1.50%</U></B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B><FONT STYLE="font-size:12pt"><STRIKE>1.75%</STRIKE></FONT></B><B><U></U></B><BR>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><U>1.50%</U></B></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman" ALIGN="center">III&nbsp;&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">Less than 33%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B><FONT STYLE="font-size:12pt"><STRIKE>1.00%</STRIKE></FONT></B><B><U></U></B><BR>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><U>0.75%</U></B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><FONT STYLE="font-size:12pt"><STRIKE>2.00%</STRIKE></FONT></B><B><U></U></B></P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><U>1.75%</U></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5e5e5" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000" BGCOLOR="#e5e5e5"><FONT STYLE="font-size:12pt"><B><STRIKE>3.50%</STRIKE></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5e5e5" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000" BGCOLOR="#e5e5e5"><FONT STYLE="font-size:12pt"><B><STRIKE>4.50%</STRIKE></B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B><FONT STYLE="font-size:12pt"><STRIKE>2.00%</STRIKE></FONT></B><B><U></U></B><BR>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><U>1.75%</U></B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><B><FONT STYLE="font-size:12pt"><STRIKE>1.00%</STRIKE></FONT></B><B><U></U></B><BR>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><U>0.75%</U></B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B><FONT STYLE="font-size:12pt"><STRIKE>2.00%</STRIKE></FONT></B><B><U></U></B><BR>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><U>1.75%</U></B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B><FONT STYLE="font-size:12pt"><STRIKE>2.00%</STRIKE></FONT></B><B><U></U></B><BR>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><U>1.75%</U></B></P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Margins shall be subject to increase or decrease based upon the Availability Ratio for the
prior calendar month, as determined by Agent. If, by the first day of a calendar month, any Borrowing Base Certificate due in the preceding calendar month has not been received, then, at the option of Agent or
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">4 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify">
Required Lenders, the margins shall be determined as if Level III were applicable, from such day until the first day of the calendar month following actual receipt. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Notwithstanding the foregoing, the Applicable Margin for any month with respect to<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;(i)</STRIKE></FONT></B> U.S. Base Rate Loans, Canadian Prime Rate Loans, Canadian Base Rate
Loans, <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR</U></B> Revolver Loans, <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>Alternative Currency Loans, Canadian BA
Rate</STRIKE></FONT></B><B><U>SONIA</U></B> Loans, <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>German Base Rate</STRIKE></FONT></B><B><U>EURIBOR</U></B>
Loans<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;and U.K. Base Rate Loans shall be increased by .50% if any U.S. Availability is
generated under both clause (b)(iii) and clause (b)(iv) of the definition of the U.S. Borrowing Base at any time in such month, and (ii)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;U.S. Base Rate Loans, Canadian Prime Rate Loans, Canadian Base Rate Loans, LIBOR Revolver Loans, Alternative Currency</STRIKE></FONT></B><B><U>, SARON</U></B> Loans, Canadian BA Rate
Loans, German Base Rate Loans and U.K.<B><U>/Dutch</U></B> Base Rate Loans<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>,</STRIKE></FONT></B> shall be increased by
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>.25</STRIKE></FONT></B><B><U>0.25</U></B>% if any U.S. Availability is generated under either<B><U> (or under both of)</U></B> clause (b)(iii) or clause (b)(iv) of the definition
of the U.S. Borrowing Base<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;(but not both such clauses)</STRIKE></FONT></B> at any time
in such month. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Applicable Time Zone</U>: for borrowings under, and payments due by Borrowers or Lenders on
(a)&nbsp;with respect to U.S. Revolver<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Loans, Term</STRIKE></FONT></B> Loans and
Canadian Revolver Loans, Pacific time, and (b)&nbsp;with respect to U.K.<B><U>/Dutch</U></B> Revolver Loans and German Revolver Loans, London time. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Approved Fund</U>: any Person (other than a natural person) that is engaged in making, purchasing, holding or otherwise
investing in commercial loans and similar extensions of credit in the Ordinary Course of Business, and is administered or managed by a Lender, an entity that administers or manages a Lender, or an Affiliate of either. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Asset Disposition</U>: a sale, lease, license, consignment, transfer or other disposition of Property of an Obligor or a
Subsidiary, including a disposition of Property in connection with a sale-leaseback transaction, synthetic lease or statutory division of a limited liability company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Assignment and Acceptance</U>: an assignment agreement between a Lender and Eligible Assignee, in the form of <B>Exhibit
B</B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Assignment of Claims Act</U>: Assignment of Claims Act of 1940, 31 U.S.C. &#167; 3727, 41 U.S.C. &#167; 15, as
amended. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Attorney</U>: as defined in <B>Section</B><B></B><B>&nbsp;12.1.1(c)</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Availability</U>: as of any date of determination, the sum of the U.S. Availability <U>plus</U> the Canadian Availability
<U>plus</U> the German Availability<U> plus</U> the U.K.<B><U>/Dutch</U></B> Availability. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Availability Ratio</U>: the
ratio (expressed as a percentage), for any calendar month, of (a)&nbsp;the average daily Availability for such calendar month to (b)&nbsp;an amount equal to the sum of (i)&nbsp;the average daily Canadian Borrowing Base (without giving effect to the
Canadian LC Reserve for purposes of this calculation) for such calendar month, <U>plus</U> (ii)&nbsp;the average daily U.S. Borrowing Base (without giving effect to the U.S. LC Reserve, the Canadian Overadvance Loan Balance, the German Overadvance
Loan Balance, and the U.K.<B><U>/Dutch</U></B> Overadvance Loan Balance for purposes of this calculation) for such calendar month, <U>plus</U> (iii)&nbsp;the average daily German Borrowing Base (without giving effect to the German LC Reserve for
purposes of this calculation) for such calendar month, <U>plus</U> (iv)&nbsp;the average daily U.K.<B><U>/Dutch</U></B> Borrowing Base (without giving effect to the U.K.<B><U>/Dutch</U></B> LC Reserve for purposes of this calculation) for such
calendar month. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">5 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Available Currency</U>: (i)&nbsp;in the case of a U.S. Borrower, Dollars,
(ii)&nbsp;in the case of the Canadian Borrower, Dollars or Canadian Dollars, (iii)&nbsp;in the case of the German Borrower, Dollars, British Pounds, Swiss Francs or Euros (but in the case of German Base Rate Loans, Dollars only), and (iv)&nbsp;in
the case of the U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B>,
Dollars, British Pounds or Euros (but in the case of U.K.<B><U>/Dutch</U></B> Base Rate Loans, Dollars only). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE><FONT STYLE="font-family:Times New Roman"><strike><u>Available Tenor</u></strike></FONT></STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>: as of
any date of determination and with respect to the then-current Benchmark, as applicable, (x)</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE></STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;if the then-current Benchmark is a term rate, any tenor for such Benchmark that is or may be used for determining the length of an Interest Period or (y)</STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE></STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;otherwise, any payment period for interest calculated with reference to such Benchmark, as
applicable, pursuant to this Agreement as of such date.</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U><FONT STYLE="white-space:nowrap">Bail-In</FONT> Action</U>: 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="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U><FONT
STYLE="white-space:nowrap">Bail-In</FONT> Legislation:</U><B><U>
(a)</U></B><U></U><U>&nbsp;with</U><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE><FONT STYLE="font-family:Times New Roman"><strike><u>
(a)</u></strike></FONT></STRIKE></FONT></B><U> respect to any EEA Member Country</U> <U>implementing</U> Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, regulation, rule
or requirement for such EEA Member Country from time to time which is described in the EU <FONT STYLE="white-space:nowrap">Bail-In</FONT> Legislation
Schedule<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;and</STRIKE></FONT></B><B><U>,</U></B> (b)&nbsp;with respect to the United
Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial
institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings)<B><U>, and (c)</U></B><B><U></U></B><B><U>&nbsp;with respect to any state other than such an EEA Member Country and the United Kingdom,
any analogous law or regulation from time to time which requires contractual recognition of any Write-down and Conversion Powers contained in that law or regulation</U></B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Bank of America</U>: Bank of America, N.A., a national banking association, and its successors and assigns. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Bank of America (Canada)</U>: Bank of America, N.A. (acting through its Canada branch), and its successors and assigns.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Bank of America Indemnitees</U>: Bank of America and its officers, directors, employees, Affiliates, branches, agents
and attorneys. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Bank Product</U>: any of the following products, services or facilities extended to any Obligor or
Subsidiary by a Lender or any of its Affiliates<B><U> or branches</U></B>: (a)&nbsp;Cash Management Services; (b)&nbsp;products under Hedging Agreements; (c)&nbsp;commercial credit card and merchant card services; (d)&nbsp;purchase cards (including <FONT
STYLE="white-space:nowrap">so-called</FONT> &#147;procurement cards&#148; or <FONT STYLE="white-space:nowrap">&#147;P-cards&#148;),</FONT> and (e)&nbsp;other banking products or services as may be requested by any Obligor or Subsidiary<B><U>, in
each case,</U></B> unless otherwise agreed in writing between such Obligor or Subsidiary and the provider of such products or services, other than Letters of Credit. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Bank Product Debt</U>: Debt and other obligations of an Obligor or Subsidiary relating to Bank Products. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Base Rate Loan</U>: a U.S. Base Rate Loan, a Canadian Base Rate Loan, a German Base Rate Loan or a U.K.<B><U>/Dutch</U></B>
Base Rate Loan, as applicable. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE><FONT STYLE="font-family:Times New Roman"><strike><u>Base Rate Term
Loan</u></strike></FONT></STRIKE><STRIKE>: a Term Loan that bears interest based on the U.S. Base Rate.</STRIKE> </B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">6 </P>

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<P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE><FONT STYLE="font-family:Times New Roman"><strike><u>Benchmark</u></strike></FONT></STRIKE></B><B><STRIKE>:
initially, LIBOR;</STRIKE></B><B><STRIKE></STRIKE></B><B><I></I></B><B><STRIKE>&nbsp;</STRIKE></B><B><I><STRIKE>provided,</STRIKE></I></B><B><STRIKE></STRIKE></B><B><I></I></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;that if a replacement of the
Benchmark has occurred pursuant to Section</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;3.6(b) then </STRIKE></B><B><STRIKE>&#147;</STRIKE></B><B><STRIKE>Benchmark</STRIKE></B><B><STRIKE>&#148;</STRIKE></B><B><STRIKE> means the applicable
Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate. Any reference to </STRIKE></B><B><STRIKE>&#147;</STRIKE></B><B><STRIKE>Benchmark</STRIKE></B><B><STRIKE>&#148;</STRIKE></B><B><STRIKE> shall
include, as applicable, the published component used in the calculation thereof.</STRIKE></B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE><FONT
STYLE="font-family:Times New Roman"><strike><u>Benchmark Replacement</u></strike></FONT></STRIKE></B><B><STRIKE>:</STRIKE></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman"><B><STRIKE>(1) for purposes of Section&nbsp;3.6(b)(i), the first alternative set
forth below</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman"><B><STRIKE></STRIKE></B><B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>
</STRIKE></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>that can be determined by</STRIKE></FONT><STRIKE></STRIKE><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE> </STRIKE></FONT><FONT
STYLE="font-family:Times New Roman"><STRIKE>the Agent:</STRIKE></FONT></B> </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE>(a) the sum of:
(i)</STRIKE><STRIKE></STRIKE><STRIKE>&nbsp;Term SOFR and (ii) 0.11448% (11.448 basis points) for an Available Tenor of one-month</STRIKE><STRIKE>&#146;</STRIKE><STRIKE>s duration, 0.26161% (26.161 basis points) for an Available Tenor
of</STRIKE><STRIKE></STRIKE><STRIKE>&nbsp;three-months</STRIKE><STRIKE>&#146;</STRIKE><STRIKE> duration, and 0.42826% (42.826 basis points) for an Available Tenor of six-months</STRIKE><STRIKE>&#146;</STRIKE><STRIKE> duration, or</STRIKE> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE>(b) the sum of: (i)</STRIKE><STRIKE></STRIKE><STRIKE>&nbsp;Daily Simple SOFR and (ii) 0.11448% (11.448 basis
points);</STRIKE><STRIKE>&nbsp;</STRIKE> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE><FONT STYLE="font-family:Times New Roman"><strike><u>provided</u></strike></FONT></STRIKE></B><B><I></I></B><B><STRIKE>&nbsp;
</STRIKE></B><B><I></I></B><B><STRIKE></STRIKE><STRIKE>that, if initially LIBOR is replaced with the rate contained in clause (b)</STRIKE><STRIKE></STRIKE><STRIKE>&nbsp;above (Daily Simple SOFR plus the applicable spread adjustment) and subsequent
to such replacement, the Agent determines that Term SOFR has become available and is administratively feasible for the Agent in its sole discretion, and the Agent notifies the Borrower Agent and each Lender of such availability, then from and after
the beginning of the</STRIKE><STRIKE></STRIKE><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE> Interest Period, relevant interest payment date or payment period for interest
calculated,</STRIKE></FONT><STRIKE></STRIKE><STRIKE>&nbsp;in each case, commencing no less than thirty (30)</STRIKE><STRIKE></STRIKE><STRIKE>&nbsp;days after the date of such notice, the Benchmark Replacement shall be as set forth in clause
(a)</STRIKE><STRIKE></STRIKE><STRIKE>&nbsp;above;</STRIKE><STRIKE></STRIKE><STRIKE>&nbsp;and</STRIKE> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT
STYLE="font-family:Times New Roman"><STRIKE>(2)&nbsp;&nbsp;&nbsp;&nbsp;For purposes of Section&nbsp;3.6(b)(ii), the sum of (a)&nbsp;the alternate benchmark rate and (b)&nbsp;an adjustment (which may be a positive or negative value or zero), in each
case, that has been selected by the Agent and the Borrower Agent as the replacement Benchmark giving due consideration to any evolving or then-prevailing market convention, including any applicable recommendations made by a Relevant Governmental
Body, for U.S. dollar-denominated syndicated credit facilities at such time;</STRIKE></FONT> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE><FONT
STYLE="font-family:Times New Roman"><strike><u>provided</u></strike></FONT></STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;that, if the Benchmark Replacement as determined pursuant to clause
(1)</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;or (2) above would be less than zero, the Benchmark Replacement will be deemed to be zero for the purposes of this Agreement and the other Loan Documents.</STRIKE></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE>Any</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;Benchmark
Replacement</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;shall be applied in a manner consistent with market
practice;</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;<FONT STYLE="font-family:Times New Roman"><strike><u>provided</u></strike></FONT></STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;that to the extent such market practice is not
administratively feasible for the Agent, such</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;Benchmark Replacement</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;shall be applied in a manner as otherwise reasonably determined by the
Agent.</STRIKE></B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE><FONT STYLE="font-family:Times New Roman"><strike><u>Benchmark Replacement Conforming
Changes</u></strike></FONT></STRIKE></B><B><STRIKE>: with respect to any Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition of </STRIKE></B><B><STRIKE>&#147;</STRIKE></B><B><STRIKE>U.S.
Base Rate,</STRIKE></B><B><STRIKE>&#148;</STRIKE></B><B><STRIKE> the definition of </STRIKE></B><B><STRIKE>&#147;</STRIKE></B><B><STRIKE>Business Day,</STRIKE></B><B><STRIKE>&#148;</STRIKE></B><B><STRIKE> the definition of
</STRIKE></B><B><STRIKE>&#147;</STRIKE></B><B><STRIKE>Interest Period,</STRIKE></B><B><STRIKE>&#148;</STRIKE></B><B><STRIKE></STRIKE></B><B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE> timing and frequency of determining rates
and making payments of interest, timing of borrowing requests or prepayment, conversion or continuation notices</STRIKE></FONT></B><B><STRIKE>, the applicability</STRIKE></B><B><STRIKE>&nbsp;</STRIKE></B>
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">7 </P>

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<FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><STRIKE>and length of lookback periods</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>, the
applicability of breakage provisions, and other technical, administrative or operational matters) that the Agent decides may be appropriate,</STRIKE></B><B><STRIKE></STRIKE></B><B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE> in
consultation with the Borrowers, to reflect the adoption and implementation of such</STRIKE></FONT></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;Benchmark Replacement</STRIKE></B><B><STRIKE></STRIKE></B><B><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>&nbsp;a</STRIKE></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>nd to permit the administration thereof by the Agent in a manner substantially consistent with
market practice</STRIKE></FONT><STRIKE></STRIKE><STRIKE>&nbsp;</STRIKE><STRIKE>for such Benchmark Replacement</STRIKE><STRIKE></STRIKE><STRIKE>&nbsp;</STRIKE><FONT STYLE="font-family:Times New Roman; font-size:11pt"><U>(</U></FONT><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>or, if the Agent determines that adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of
such</STRIKE></FONT></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;Benchmark Replacement</STRIKE></B><B><STRIKE></STRIKE></B><B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>&nbsp;exists, in such other manner of administration as
the Agent determines in consultation with the Borrowers is reasonably necessary in connection with the administration of this Agreement
and</STRIKE></FONT><STRIKE></STRIKE><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>&nbsp;</STRIKE></FONT><STRIKE>the other Loan Documents).</STRIKE></B> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman"><strike><u>Benchmark Transition Event</u></strike></FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>:</STRIKE></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE> </STRIKE></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>with respect to any
then-current Benchmark other than LIBOR, the occurrence of a public statement or publication of information by or on behalf of the administrator of the then-current Benchmark or a Governmental Authority with jurisdiction over such administrator
announcing or stating that all Available Tenors are or will no longer be representative, or made available, or used for determining the interest rate of loans, or shall or will otherwise cease, provided that, at the time of such statement or
publication, there is no successor administrator that is satisfactory to the Agent, that will continue to provide any representative tenors of such
Benchmark</STRIKE></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT>&nbsp;<FONT STYLE="font-family:Times New Roman"><STRIKE>after such specific
date<FONT STYLE="font-family:Times New Roman; font-size:12pt">.</FONT></STRIKE></FONT></B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Beneficial Ownership
Certification</U>: a certification regarding beneficial ownership as required by the Beneficial Ownership Regulation, in form and substance satisfactory to Agent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Beneficial Ownership Regulation</U>: 31 C.F.R. &#167;1010.230. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Board of Governors</U>: the Board of Governors of the Federal Reserve System. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Borrowed Money</U>: with respect to any Obligor or Subsidiary, without duplication, its (a)&nbsp;Debt that (i)&nbsp;arises
from the lending of money by any Person to such Obligor or Subsidiary, (ii)&nbsp;is evidenced by notes, drafts, bonds, debentures, credit documents or similar instruments, (iii)&nbsp;accrues interest or is a type upon which interest charges are
customarily paid (excluding trade payables owing in the Ordinary Course of Business), or (iv)&nbsp;was issued or assumed as full or partial payment for Property; (b)&nbsp;Capital Leases; (c)&nbsp;reimbursement obligations with respect to letters of
credit; and (d)&nbsp;guaranties of any Debt of the foregoing types owing by another Person. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Borrower Agent</U>: as
defined in <B>Section</B><B></B><B>&nbsp;4.4</B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Borrower Group</U>: a group consisting of (i)&nbsp;the U.S.
Borrowers, (ii)&nbsp;the Canadian Borrower, (iii)&nbsp;the German Borrower, or (iv)&nbsp;the
U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B>, as the context
requires. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Borrowers</U>: as defined in the preamble to this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Borrowing</U>: a group of Loans of one Type that are made on the same day or are converted into Loans of one Type on the
same day. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Borrowing Base</U>: the Canadian Borrowing Base and/or the German Borrowing Base and/or the U.S. Borrowing
Base and/or the U.K.<B><U>/Dutch</U></B> Borrowing Base, as the context requires. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">8 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Borrowing Base Certificate</U>: a U.S. Borrowing Base Certificate, a
Canadian Borrowing Base Certificate, a German Borrowing Base Certificate, or a U.K.<B><U>/Dutch</U></B> Borrowing Base Certificate, as applicable. &#147;<U>Borrowing Base Certificates</U>&#148; means a U.S. Borrowing Base Certificate, a Canadian
Borrowing Base Certificate, a German Borrowing Base Certificate, and a U.K.<B><U>/Dutch</U></B> Borrowing Base Certificate. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>British Pounds</U> or <U>&pound;</U>: the lawful currency of the United Kingdom. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Business Day</U>: any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close
under the laws of, or are in fact closed in, the state where the Agent&#146;s Office is located; <U>provided</U> that </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if such day relates to any interest rate settings as to <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>an Alternative Currency</STRIKE></FONT></B><B><U>a EURIBOR</U></B> Loan<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;denominated in Euro</STRIKE></FONT></B>, any fundings, disbursements, settlements and payments in Euro in respect of any such <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>Alternative Currency</STRIKE></FONT></B><B><U>EURIBOR</U></B> Loan, or any other dealings in Euro to be carried out pursuant to this Agreement in respect of any such <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>Alternative Currency</STRIKE></FONT></B><B><U>EURIBOR</U></B> Loan, means a Business Day that is also a TARGET Day; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if such day relates to any interest rate settings as to <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>an Alternative Currency Loan denominated in (i)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;British Pounds</STRIKE></FONT></B><B><U>a SONIA Loan</U></B>, means a day other than a day banks are closed for general business in London because such day is a Saturday, Sunday or a
legal holiday under the laws of the United Kingdom;<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;and (ii)</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Swiss Francs</STRIKE></FONT></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>(c) </U><FONT STYLE="font-family:Times New Roman"><U>if such day relates to any </U></FONT><U>interest rate setting as
to a SARON Loan</U></B>, means a day other than when banks are closed for settlement and payments of foreign exchange transactions in Zurich because such day is a Saturday, Sunday or a legal holiday under the laws of Switzerland; <B><U>and</U></B>
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>(c)</STRIKE></FONT></B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><FONT STYLE="font-family:Times New Roman"><STRIKE>if such
day relates to any</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman"><STRIKE>&nbsp;</STRIKE></FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>fundings, disbursements, settlements and payments in a currency other than Euro in respect of an Alternative Currency Loan denominated in a currency other than Euro, or any other dealings
in any currency other than Euro to be carried out pursuant to this Agreement in respect of any such Alternative Currency Loan (other than any interest rate settings), means any such day on which banks are open for foreign exchange business in the
principal financial center of the country of such currency; and</STRIKE></FONT></B> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if such day relates to a Canadian Revolver Loan, any such day on which
banks in Toronto, Ontario, Canada are open for the transaction of banking business. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT
STYLE="font-family:Times New Roman"><B><U>Calculation Date: as defined in Section&nbsp;5.13.</U></B></FONT><FONT STYLE="font-family:Times New Roman"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>CAM</U>: as defined in <B>Section</B><B></B><B>&nbsp;14.11(a)(i)</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>CAM Exchange</U>: as defined in <B>Section</B><B></B><B>&nbsp;14.11(a)(ii)</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>CAM Exchange Date</U>: as defined in <B>Section</B><B></B><B>&nbsp;14.11(a)(iii)</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>CAM Percentage</U>: as defined in <B>Section</B><B></B><B>&nbsp;14.11(a)(iv)</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><strike><u>Calculation Date</u></strike></FONT><FONT
STYLE="font-family:Times New Roman"><STRIKE>: as defined in Section&nbsp;5.13.</STRIKE></FONT></B> </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">9 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Accounts Formula Amount</U>: (a)&nbsp;as of any date of
determination within the period beginning on May&nbsp;1 through and including October&nbsp;31 of each Fiscal Year, 85% of the Value of Eligible Accounts of the Canadian Borrower; and (b)&nbsp;as of any date of determination within the period
beginning on November&nbsp;1 through and including April&nbsp;30 of each Fiscal Year, 90% of the Value of Eligible Accounts of the Canadian Borrower. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Availability</U>: as of any date of determination, the Canadian Borrowing Base as of such date of determination
<U>minus</U> the aggregate principal amount of all Canadian Revolver Loans outstanding on such date of determination. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Availability Reserve</U>: the sum (without duplication) of (a)&nbsp;the Inventory Reserve with respect to the
Canadian Borrower&#146;s Inventory; (b)&nbsp;the Canadian Rent and Charges Reserve; (c)&nbsp;the Canadian LC Reserve; (d)&nbsp;the Canadian Bank Product Reserve; (e)&nbsp;all accrued Royalties of the Canadian Domiciled Obligors, whether or not then
due and payable by a Canadian Domiciled Obligor; (f)&nbsp;the aggregate amount of liabilities secured by Liens upon Canadian Facility Collateral that are senior to the Agent&#146;s Liens (but imposition of any such reserve shall not waive an Event
of Default arising therefrom); (g) the Canadian Priority Payables Reserve; (h)&nbsp;the Wage Earner Protection Act Reserve; (i)&nbsp;the Canadian Dilution Reserve; (j)&nbsp;the Canadian Top Golf Reserve; and (k)&nbsp;such additional reserves, in
such amounts and with respect to such matters, as Agent in its Credit Judgment may elect to impose from time to time with respect to the Canadian Borrowing Base. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian BA Rate</U>: with respect to each Interest Period for a Canadian BA Rate Loan, a per annum rate of interest equal
to the Canadian Dollar bankers&#146; acceptance rate, or comparable or successor rate approved by Agent, determined by it at or about <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>10:00</STRIKE></FONT></B><B><U>10:15</U></B>
a.m. (Toronto time) on the applicable day (or the preceding Business Day, if the applicable day is not a Business Day) for a term comparable to the Canadian BA Rate Loan, as published on the
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>CDOR Page or other applicable Reuters screen</STRIKE></FONT></B><B><U>Refinitiv Canadian Dollar Offered Rate (CDOR)</U></B> page (or other commercially available source designated
by Agent from time to time), <U>provided</U>, that in no event shall the Canadian BA Rate be less than zero. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian
BA Rate Loan</U>: a Canadian Revolver Loan, or portion thereof, funded in Canadian Dollars and bearing interest calculated by reference to the Canadian BA Rate. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Bank Product Reserve</U>: the aggregate amount of reserves established by Agent from time to time in its
discretion in respect of Secured Bank Product Obligations owing by the Canadian Domiciled Obligors and their Subsidiaries. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Base Rate</U>: for any day, the greater of (i)&nbsp;the per annum rate of interest designated by Bank of America
(Canada) from time to time as its base rate for commercial loans made by it in Dollars, which rate is based on various factors, including its costs and desired return, general economic conditions and other factors, and is used as a reference point
for pricing some loans, which may be priced at, above or below such rate; (ii)&nbsp;the Federal Funds Rate for such day, plus 0.50% per annum; or
(iii)<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;LIBOR</STRIKE></FONT></B><B><U>Term SOFR</U></B> for a 30 day interest period as of such day, plus 1.00%; <U>provided</U>, that in no event shall the Canadian Base Rate
be less than zero. Any change in such rate shall take effect at the opening of business on the applicable Business Day. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Base Rate Loan</U>: a Canadian Revolver Loan, or portion thereof, funded in Dollars and bearing interest
calculated by reference to the Canadian Base Rate. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Borrower</U>: as defined in the preamble to this
Agreement. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">10 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Borrowing Base</U>: on any date of determination, an amount<B>
</B>equal to the lesser of (a)&nbsp;the result of: (i)&nbsp;the Maximum Canadian Facility Amount, <U>minus</U> (ii)&nbsp;the Canadian LC Reserve, minus (iii)&nbsp;the Canadian Top Golf Reserve; or (b)&nbsp;the result of: (i)&nbsp;the Canadian
Accounts Formula Amount, <U>plus</U> (ii)&nbsp;the Canadian Inventory Formula Amount, <U>plus</U> (iii) 100% of the amount of Canadian Pledged Cash, <U>minus</U> (iv)&nbsp;the Canadian Availability Reserve. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Borrowing Base Certificate</U>: a certificate, in form and substance satisfactory to Agent, by which the Canadian
Borrower certifies calculation of the Canadian Borrowing Base. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Cash Collateral Account</U>: a demand deposit,
money market or other account established by Agent at Bank of America (Canada) or such other financial institution as Agent may select in its discretion, which account shall be for the benefit of the Canadian Facility Secured Parties and shall be
subject to Agent&#146;s Liens securing the Canadian Facility Obligations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Dilution Reserve</U>: as of any
date of determination, an amount sufficient to reduce the advance rate against Eligible Accounts of the Canadian Borrower by 1% for each whole percentage point (or portion thereof) by which the Dilution Percent is in excess of 5.0%. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Dollars</U> or <U>Cdn</U>$: the lawful currency of Canada. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Domiciled Obligor</U>: each Canadian Subsidiary which is at any time an Obligor, and &#147;<U>Canadian Domiciled
Obligors</U>&#148; means all such Persons, collectively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Dominion Account</U>: a special account established
by the Canadian Borrower at Bank of America (Canada) or another bank acceptable to Agent, over which Agent has exclusive control for withdrawal purposes during any Dominion Trigger Period. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Employee Benefits Legislation</U>: the <I>Employment Pensions Plan Act</I> (Alberta), <I>Pension Benefits
Standards Act</I> (British Columbia), the <I>Supplemental Pension Plans Act </I>(Quebec) and any Canadian federal, provincial or local counterparts or equivalents, in each case, as applicable and as amended from time to time. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Employee Plan</U>: any payroll practice and other employee benefit plan, policy, program, agreement or
arrangement, including retirement, pension, profit sharing, employment, individual consultant or other compensation agreement, collective bargaining agreement, bonus or other incentive compensation, retention, stock purchase, equity or equity-based
compensation, deferred compensation, change in control, severance, sick leave, vacation, loans, salary continuation, hospitalization, health, life insurance, educational assistance or other fringe benefit or perquisite plan, policy, agreement which
is or was sponsored, maintained or contributed to by, or required to be contributed to by, a Canadian Domiciled Obligor, or with respect to which a Canadian Domiciled Obligor has or could have any obligation or liability, contingent or otherwise.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Expeditors Reserve</U>: as of any date of determination, the aggregate amount of accounts payable owed by any
Canadian Facility Obligor to Expeditors, as determined by Agent in its Credit Judgment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Facility
Collateral</U>: all Collateral that now or hereafter secures (or is intended to secure) any of the Canadian Facility Obligations, including Property of each Canadian Domiciled Obligor, each U.S. Domiciled Obligor, each U.K.<B><U>/Dutch</U></B>
Domiciled Obligor and each German Domiciled Obligor. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">11 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Facility Guarantee</U>: each guarantee agreement (including this
Agreement) at any time executed by a Canadian Facility Guarantor in favor of Agent guaranteeing all or any portion of the Canadian Facility Obligations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Facility Guarantor</U>: Parent, each Canadian Subsidiary, each U.S. Subsidiary (other than uPlay unless uPlay
becomes a Guarantor in accordance with Section&nbsp;10.2.15), each U.K.<B><U> Subsidiary, each Dutch</U></B> Subsidiary, each German Subsidiary, and each other Person (if any) who guarantees payment and performance of any Canadian Facility
Obligations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Facility Obligations</U>: all Obligations of the Canadian Facility Obligors (excluding, for the
avoidance of doubt, the Obligations of the U.S. Domiciled Obligors as guarantors of any U.S. Facility Obligations). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Facility Obligor</U>: each of the Canadian Borrower or any Canadian Facility Guarantor, and &#147;<U>Canadian
Facility Obligors</U>&#148; means all of such Persons, collectively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Facility Secured Parties</U>: Agent, the
Canadian Issuing Bank, the Canadian Lenders and the Secured Bank Product Providers who provide Bank Products to the Canadian Facility Obligors and their Subsidiaries. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Inventory Formula Amount</U>: as of any date of determination, the lesser of (a)<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;the sum of
(i)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;with respect to Eligible Inventory that has been owned by the
Canadian Borrower for less than one (1)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;calendar year as of the
applicable date of determination, (A)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;for the period beginning on
March 1 through and including September 30 of each Fiscal Year, 65% of the Value of the Canadian Borrower</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&#146;</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>s Eligible Inventory, and (B)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;for the period beginning on October 1 through and including February 28 (or February 29, as applicable) of each Fiscal Year,</STRIKE></FONT></B> 75% of the Value of the Canadian
Borrower&#146;s Eligible
Inventory<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>,</STRIKE></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT>&nbsp;
<FONT STYLE="font-family:Times New Roman"><strike><u>plus</u></strike></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;(ii)
with respect to Eligible Inventory that has been owned by the Canadian Borrower for more than one (1)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;calendar year, as of the applicable date of determination, 50% of the Value of the Canadian
Borrower</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&#146;</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>s Eligible Inventory; or</STRIKE></FONT></B><B><U>
and</U></B> (b) 85% of the NOLV Percentage of the Value of the Canadian Borrower&#146;s Eligible Inventory. Notwithstanding the foregoing, the aggregate amount of the Canadian Inventory Formula Amount which may be attributed to Eligible <FONT
STYLE="white-space:nowrap">In-Transit</FONT> Inventory (the &#147;<U>Canadian <FONT STYLE="white-space:nowrap">In-Transit</FONT> Availability</U>&#148;) shall not exceed $5,000,000; <U>provided</U><I>,</I> that<I> </I>the Canadian <FONT
STYLE="white-space:nowrap">In-Transit</FONT> Availability (after taking into effect the previous proviso) shall be reduced by the Canadian Expeditors Reserve if, as of any date of determination, either (I)&nbsp;Canadian Net Excess Availability is
less than 10% of the Maximum Canadian Facility Amount, or (II)&nbsp;there are any accounts payable owed by any Canadian Facility Obligor to Expeditors which are aged in excess of historical levels (except in cases of good faith disputes). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Issuing Bank</U>: Bank of America (Canada) or an Affiliate of Bank of America (Canada). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian LC Obligations</U>: the sum (without duplication) of (a)&nbsp;all amounts owing by the Canadian Borrower for any
drawings under Letters of Credit; (b)&nbsp;the stated amount of all outstanding Letters of Credit issued for the account of the Canadian Borrower, which if such Letter of Credit is denominated in a currency other than Canadian Dollars or Dollars,
may be stated by Agent (at its option) in Canadian Dollars or Dollars calculated at the Spot Rate; and (c)&nbsp;all fees and other amounts owing with respect to Letters of Credit issued for the account of the Canadian Borrower. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian LC Reserve</U>: the aggregate of all Canadian LC Obligations, other than those that have been Cash Collateralized.
</P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Lenders</U>: Bank of America (Canada) and each other Lender that
has issued a Canadian Revolver Commitment (provided that such Person or an Affiliate of such Person also has a U.S. Revolver Commitment). Each Canadian Lender shall be a Canadian Qualified Lender. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Letter of Credit Subline</U>: $5,000,000. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Letters of Credit</U>: any standby or documentary letter of credit issued by the Canadian Issuing Bank for the
account of the Canadian Borrower, or any indemnity, guarantee, exposure transmittal memorandum or similar form of credit support issued by Agent or the Canadian Issuing Bank for the benefit of the Canadian Borrower or any of its Subsidiaries. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Multi-Employer Plan</U>: each multi-employer plan, within the meaning of the Regulations under the Income Tax Act
(Canada). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Net Excess Availability</U>: as of any date of determination, an amount equal to the Canadian
Availability <U>minus</U> the aggregate amount, if any, of all trade payables of Canadian Domiciled Obligors that are more than 60 days past due (or such later date as Agent may approve in its sole discretion) and all book overdrafts of Canadian
Domiciled Obligors in excess of historical practices with respect thereto, in each case as determined by Agent in its Credit Judgment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Overadvance</U>: as defined in <B>Section</B><B></B><B>&nbsp;2.1.5</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Overadvance Loan</U>: a Canadian Revolver Loan made to the Canadian Borrower when a Canadian Overadvance exists or
is caused by the funding thereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Overadvance Loan Balance</U>: on any date, the amount by which the
aggregate Canadian Revolver Exposure exceeds the amount of the Canadian Borrowing Base on such date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Pension
Plan</U>: a &#147;registered pension plan,&#148; as defined in the Income Tax Act (Canada) and any other pension plan maintained or contributed to by, or to which there is or may be an obligation to contribute by, any Obligor in respect of its
Canadian employees or former employees, excluding, for greater certainty, a Canadian Multi-Employer Plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian
Pledged Cash</U>: the funds maintained in a blocked Deposit Account or securities account of the Canadian Borrower subject to a Deposit Account Control Agreement or securities account control agreement, as applicable, which give Agent at all times
exclusive access and control for withdrawal purposes to the exclusion of the Canadian Borrower and precluding the Canadian Borrower from withdrawing or otherwise giving any instructions in connection therewith and which may not be withdrawn without
the Agent&#146;s prior written consent (such consent not to be unreasonably withheld if (i)&nbsp;upon and after giving effect to such withdrawal, no Default or Event of Default shall have occurred and be continuing and (ii)&nbsp;immediately after
such withdrawal (for clarification, including after giving effect to any recalculation of the Canadian Borrowing Base upon giving effect to such withdrawal), Canadian Availability would be a positive number), and which are subject to effective
security documents, in form and substance satisfactory to Agent, that provide Agent with an unencumbered perfected first priority/ranking security interest in and Lien on such funds<B><U> (subject to Liens of the depository bank having priority by
law)</U></B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Prime Rate</U>: on any date, the greater of (i)&nbsp;the per annum rate of interest designated
by Bank of America (Canada) from time to time as its prime rate for commercial loans made by it in Canada in Canadian Dollars, which rate is based on various factors, including its costs and desired return, general economic conditions and other
factors, and is used as a reference point for pricing some loans, which may </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">13 </P>

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be priced at, above or below such rate; or (ii)&nbsp;the Canadian BA Rate for a one month interest period as of such day, plus 1.00%; <U>provided</U>, that in no event shall the Canadian Prime
Rate be less than zero. Any change in such rate shall take effect at the opening of business on the applicable Business Day. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Prime Rate Loan</U>: a Canadian Revolver Loan, or portion thereof, funded in Canadian Dollars and bearing interest
calculated by reference to the Canadian Prime Rate. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Priority Payables Reserve</U>: on any date of
determination, a reserve in such amount as Agent may determine which reflects the unpaid (when due) or <FONT STYLE="white-space:nowrap">un-remitted</FONT> (when due) payroll tax deductions, unpaid (when due) pension plan contributions, employment
insurance premiums, amounts deducted for vacation pay, wages, workers&#146; compensation, unpaid (when due) or <FONT STYLE="white-space:nowrap">un-remitted</FONT> (when due) sales tax, goods and services tax, value added tax, harmonized tax, excise
tax, tax payable pursuant to Part IX of the Excise Tax Act (Canada) or similar applicable provincial legislation and other unpaid (when due) or unremitted (when due) amounts by any Canadian Domiciled Obligor which would give rise to a Lien with
priority under Applicable Law over the Lien of Agent. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Qualified Lender</U>: a financial institution that is
not precluded from being a Canadian Lender under the terms of the Bank Act (Canada) or other applicable Canadian federal or provincial legislation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Reimbursement Date</U>: as defined in <B>Section</B><B></B><B>&nbsp;2.4.2</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Rent and Charges Reserve</U>: the aggregate of (a)&nbsp;all past due rent and other amounts owing by an Obligor to
any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Canadian Facility Collateral or could assert a Lien on any Canadian Facility Collateral; and (b)&nbsp;a reserve at least
equal to three months&#146; rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Required Lenders</U>: Canadian Lenders (subject to <B>Section</B><B></B><B>&nbsp;4.2</B>) having (a)&nbsp;Canadian
Revolver Commitments in excess of 50% of the aggregate Canadian Revolver Commitments; and (b)&nbsp;if the Canadian Revolver Commitments have terminated, Canadian Revolver Loans and Canadian LC Obligations in excess of 50% of all outstanding Canadian
Revolver Loans and Canadian LC Obligations; <U>provided</U>, <U>however</U>, that the Canadian Revolver Commitments and Canadian Revolver Loans of any Defaulting Lender shall be excluded from such calculation; <U>provided</U>, <U>further</U>, that
at any time there are: (i) 3 or more Canadian Lenders, &#147;Canadian Required Lenders&#148; must include at least 3 Canadian Lenders, and (ii)&nbsp;less than 3 Canadian Lenders, &#147;Canadian Required Lenders&#148; must include all Canadian
Lenders. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Revolver Commitment</U>: for any Canadian Lender, its obligation to make Canadian Revolver Loans and
to participate in Canadian LC Obligations in the applicable Available Currencies up to the maximum principal amount shown on <B>Schedule 1.1</B>, or as hereafter determined pursuant to each Assignment and Acceptance to which it is a party, as such
Canadian Revolver Commitment may be adjusted from time to time in accordance with the provisions of <B>Sections 2.1.4 </B>or <B>11.2</B>. &#147;<U>Canadian Revolver Commitments</U>&#148; means the aggregate amount of such commitments of all Canadian
Lenders. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Revolver Commitment Termination Date</U>: the earliest of (a)&nbsp;the U.S. Revolver Commitment
Termination Date (without regard to the reason therefor), (b) the date on which the Borrower Agent terminates or reduces to zero all of the Canadian Revolver Commitments pursuant to <B>Section</B><B></B><B>&nbsp;2.1.4</B>, and (c)&nbsp;the date on
which the Canadian Revolver Commitments are terminated pursuant to <B>Section</B><B></B><B>&nbsp;11.2</B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian
Revolver Exposure</U>: on any date, an amount equal to the sum of the Dollar Equivalent of the Canadian Revolver Loans outstanding on such date <U>plus</U> the Canadian LC Obligations on such date. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">14 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Revolver Loan</U>: a Revolver Loan made by Canadian Lenders
to<B><U> the</U></B> Canadian Borrower pursuant to <B>Section</B><B></B><B>&nbsp;2.1.1(b)</B>, which Revolver Loan shall, if denominated in Canadian Dollars, be either a Canadian BA Rate Loan or a Canadian Prime Rate Loan and, if denominated in
Dollars, shall be either a Canadian Base Rate Loan or a <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR</U></B> Loan, in each case as selected by the Borrower Agent, and any Canadian
Swingline Loan, Canadian Overadvance Loan or Protective Advance made to or owed by the Canadian Borrower. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian
Revolver Notes</U>: a promissory note executed by Canadian Borrower in favor of a Canadian Lender in the form of <B>Exhibit <FONT STYLE="white-space:nowrap">A-1</FONT></B>, in the amount of such Canadian Lender&#146;s Canadian Revolver Commitment.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Security Agreement</U>: each (a)&nbsp;general security agreement, security agreement, deed of hypothec,
pledge agreement, mortgage or similar agreement pursuant to which any Canadian Domiciled Obligor grants to Agent, for the benefit of the Canadian Facility Secured Parties, Liens upon its Property as security for the Canadian Facility Obligations or
(b)&nbsp;security agreement, deed of hypothec, pledge agreement, mortgage or similar agreement pursuant to which any U.S. Domiciled Obligor, German Domiciled Obligor or U.K.<B><U>/Dutch</U></B> Domiciled Obligor grants to Agent, for the benefit of
the Secured Parties, Liens on its Property located in Canada or otherwise subject to Canadian law as security for the Obligations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Subsidiary</U>: a Subsidiary of Parent incorporated or organized under the laws of Canada or any province or
territory of Canada. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Swingline Loan</U>: any Borrowing of Canadian Base<B><U> Rate Loans and/or Canadian
Prime</U></B> Rate Loans funded with Agent&#146;s<B> </B>funds, until such Borrowing is settled among the Canadian Lenders or repaid by the Canadian Borrower. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Top Golf Reserve</U>: a reserve established by Agent at Parent&#146;s request in accordance with the definition of
Top Golf Proceeds, in an initial amount as of such establishment equal to $0. The Canadian Top Golf Reserve (a)&nbsp;shall be reduced on a dollar for dollar basis for the amount expended in connection with (x)&nbsp;any Common Stock Repurchases made,
or dividends paid on Parent&#146;s common stock, in each case after the Third Amendment to Second Amended and Restated Effective Date in accordance with Section&nbsp;10.2.6(g)(ii)(C) and (y)&nbsp;any Investments made after the Third Amendment to
Second Amended and Restated Effective Date in accordance with Section&nbsp;10.2.2(k)(ii)(C); (b) may be permanently reduced from time to time upon Parent&#146;s written request to Agent; and (c)&nbsp;subject to Agent&#146;s written consent (such
consent not to be unreasonably withheld if (i)&nbsp;upon and after giving effect to such adjustment, no Default or Event of Default shall have occurred and be continuing, and (ii)&nbsp;immediately after such adjustment (for clarification, including
after giving effect to any recalculation of the U.K.<B><U>/Dutch</U></B> Borrowing Base, German Borrowing Base and U.S. Borrowing Base upon giving effect to such adjustment), U.K.<B><U>/Dutch</U></B> Availability, German Availability and U.S.
Availability would be a positive number), may be reallocated on a dollar for dollar basis to the U.K.<B><U>/Dutch</U></B> Top Golf Reserve and/or German Top Golf Reserve and/or the U.S. Top Golf Reserve upon Parent&#146;s written request to Agent;
provided, however, that once reduced pursuant to clause (b)&nbsp;above, the Canadian Top Golf Reserve may not be increased. The parties agree that the Canadian Top Golf Reserve shall never be less than zero <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">(-0-).</FONT></FONT> For clarification, the aggregate amount of the Canadian Top Golf Reserve, the U.K.<B><U>/Dutch</U></B> Top Golf Reserve, the German Top Golf Reserve and the U.S. Top Golf Reserve may not exceed an
amount equal to the aggregate amount of Top Golf Proceeds received by Parent as reflected in all Top Golf Proceeds Notices (less any amounts Parent elects to deposit into the Top Golf Blocked Account) less all amounts expended in connection with
(x)&nbsp;any Common Stock Repurchases made, or dividends paid on Parent&#146;s common stock, in each case after the Third Amendment to Second Amended and Restated Effective Date in accordance with Section&nbsp;10.2.6(g) and (y)&nbsp;any Investments
made after the Third Amendment to Second Amended and Restated Effective Date in accordance with Section&nbsp;10.2.2(k) and less all permanent reductions elected by Parent pursuant to clause (b)&nbsp;of each of the definitions of
</P>
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Canadian Top Golf Reserve, U.K.<B><U>/Dutch</U></B> Top Golf Reserve, German Top Golf Reserve and U.S. Top Golf Reserve. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Canadian Unused Line Fee Rate</U>: a per annum rate equal to 0.25%. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Capital Expenditures</U>: all liabilities incurred or expenditures made by an Obligor or Subsidiary for the acquisition of
fixed assets, or any improvements, replacements, substitutions or additions thereto with a useful life of more than one year. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Capital Lease</U>: any lease that is required to be capitalized for financial reporting purposes in accordance with GAAP.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Cash Collateral</U>: cash, and any interest or other income earned thereon, that is delivered to Agent to Cash
Collateralize any Obligations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Cash Collateral Account</U>: the U.S. Cash Collateral Account and/or the Canadian Cash
Collateral Account and/or the German Cash Collateral Account and/or the U.K.<B><U>/Dutch</U></B> Cash Collateral Account, as the context may require. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Cash Collateralize</U>: the delivery of cash to Agent, as security for the payment of Obligations, in an amount equal to
(a)&nbsp;with respect to LC Obligations, 105% of the aggregate LC Obligations, and (b)&nbsp;with respect to any inchoate, contingent or other Obligations (including Secured Bank Product Obligations), Agent&#146;s good faith estimate of the amount
due or to become due, including all fees and other amounts relating to such Obligations. &#147;<U>Cash Collateralization</U>&#148; has a correlative meaning. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Cash Equivalents</U>: (a)&nbsp;marketable obligations issued or unconditionally guaranteed by, and backed by the full faith
and credit of, the United States, Canadian or United Kingdom government, maturing within 12 months of the date of acquisition; (b)&nbsp;certificates of deposit, time deposits and bankers&#146; acceptances maturing within 12 months of the date of
acquisition, and overnight bank deposits, in each case which are issued by Bank of America or a commercial bank organized under the laws of the United States (or any state or district of the United States), Canada (or any province or territory of
Canada), England, Wales, Scotland or Northern Ireland, rated <FONT STYLE="white-space:nowrap">A-1</FONT> (or better) by S&amp;P or <FONT STYLE="white-space:nowrap">P-1</FONT> (or better) by Moody&#146;s at the time of acquisition, and (unless issued
by a Lender) not subject to offset rights; (c)&nbsp;repurchase obligations with a term of not more than 30 days for underlying investments of the types described in clauses (a)&nbsp;and (b) entered into with any bank described in clause (b); (d)
commercial paper issued by Bank of America or rated <FONT STYLE="white-space:nowrap">A-1</FONT> (or better) by S&amp;P or <FONT STYLE="white-space:nowrap">P-1</FONT> (or better) by Moody&#146;s, and maturing within nine months of the date of
acquisition; and (e)&nbsp;shares of any money market fund that has substantially all of its assets invested continuously in the types of investments referred to above, has net assets of at least $500,000,000 and has the highest rating obtainable
from either Moody&#146;s or S&amp;P. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Cash Management Services</U>: any services provided from time to time by any
Lender or any of its Affiliates<B><U> or branches</U></B> to any Obligor or Subsidiary in connection with operating, collections, payroll, trust, or other depository or disbursement accounts, including automated clearinghouse, <FONT
STYLE="white-space:nowrap">e-payable,</FONT> electronic funds transfer, wire transfer, controlled disbursement, overdraft, depository, information reporting, lockbox and stop payment services. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">CERCLA: the Comprehensive Environmental Response Compensation and Liability Act (42 U.S.C. &#167; 9601 et seq.). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Change in Law</U>: the occurrence, after the date hereof, of (a)&nbsp;the adoption, taking effect or phasing in of any law,
rule, regulation or treaty; (b)&nbsp;any change in any law, rule, regulation or treaty or in the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">16 </P>

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administration, interpretation or application thereof; or (c)&nbsp;the making, issuance or application of any request, guideline, requirement or directive (whether or not having the force of law)
by any Governmental Authority; <U>provided</U>, that notwithstanding anything herein to the contrary, (x)&nbsp;the Dodd-Frank Wall Street Reform and Consumer Protection Act<B><U> or any European equivalent regulation (such as the European Market
Infrastructure Regulation)</U></B> and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (y)&nbsp;all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the
Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III<B><U> or CRR</U></B>, shall in each case be deemed to be a &#147;Change in
Law,&#148; regardless of the date enacted, adopted or issued. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Change of Control</U>: (a)&nbsp;any &#147;person&#148;
or &#147;group&#148; (as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, but excluding any employee benefit plan of Parent, its Subsidiaries or the Excluded Subsidiaries, and any person or entity acting in its
capacity as trustee, agent or other fiduciary or administrator of any such plan) becomes the &#147;beneficial owner&#148; (as defined in Rules <FONT STYLE="white-space:nowrap">13d-3</FONT> and <FONT STYLE="white-space:nowrap">13d-5</FONT> under the
Securities Exchange Act of 1934, except that a person or group shall be deemed to have &#147;beneficial ownership&#148; of all securities that such person or group has the right to acquire (such right, an &#147;option right&#148;), whether such
right is exercisable immediately or only after the passage of time), directly or indirectly, of 35% or more of the Equity Interests of Parent entitled to vote for members of the board of directors or equivalent governing body of Parent on a
fully-diluted basis (and taking into account all such securities that such person or group has the right to acquire pursuant to any option right); or (b)&nbsp;Parent ceases to own and control, beneficially and of record, directly or indirectly, all
Equity Interests in all other Obligors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Charged Company</U>: as defined in <B>Section</B><B></B><B>&nbsp;6.1(k)</B>.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Claims</U>: all claims, liabilities, obligations, losses, damages, penalties, judgments, proceedings, interest, costs
and expenses of any kind (including remedial response costs, reasonable attorneys&#146; fees and Extraordinary Expenses) at any time (including after Full Payment of the Obligations or replacement of Agent or any Lender) incurred by any Indemnitee
or asserted against any Indemnitee by any Obligor or other Person, in any way relating to (a)&nbsp;any Loans, Letters of Credit, Loan Documents, or the use thereof or transactions relating thereto, (b)&nbsp;any action taken or omitted in connection
with any Loan Documents, (c)&nbsp;the existence or perfection of any Liens, or realization upon any Collateral, (d)&nbsp;exercise of any rights or remedies under any Loan Documents or Applicable Law, or (e)&nbsp;failure by any Obligor to perform or
observe any terms of any Loan Document, in each case including all costs and expenses relating to any investigation, litigation, arbitration or other proceeding (including an Insolvency Proceeding or appellate proceedings), whether or not the
applicable Indemnitee is a party thereto. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Closing Date</U>: as defined in<B> Section</B><B></B><B>&nbsp;6.1</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>CME: CME Group</U><FONT STYLE="font-family:Times New Roman"><U> Benchmark Administration Limited.</U></FONT></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Code</U>: the Internal Revenue Code of 1986. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Collateral</U>: all Property described in <B>Section</B><B></B><B>&nbsp;7.1</B>, all Property described in any Security
Documents as security for any Obligations, and all other Property that now or hereafter secures (or is intended to secure) any Obligations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Commitment</U>: for any Lender, the aggregate amount of such Lender&#146;s U.S. Revolver Commitment, <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>Term Loan Commitment,</STRIKE></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT><FONT STYLE="font-family:Times New Roman"><STRIKE>&nbsp;German
Revolver Commitment,&nbsp;</STRIKE></FONT></B>Canadian Revolver Commitment, <B><FONT STYLE="font-family:Times New Roman"><STRIKE>German Revolver Commitment, </STRIKE></FONT></B>and U.K.<B><U>/Dutch</U></B> Revolver Commitment.
&#147;<U>Commitments</U>&#148; means the aggregate amount of all U.S. Revolver Commitments, <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>Term Loan Commitments,</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><FONT STYLE="font-family:Times New Roman"><B><STRIKE> German Revolver </STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman">
</FONT></P>
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<FONT STYLE="font-family:Times New Roman"><B><STRIKE>Commitments,&nbsp;</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman">Canadian Revolver Commitments, <B><U><FONT
STYLE="font-family:Times New Roman">German Revolver Commitments, </FONT></U></B>and U.K.<B><U>/Dutch</U></B> Revolver Commitments. </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Commodity Exchange Act</U>: the Commodity Exchange Act (7 U.S.C. &#167; 1 <I>et seq</I>.). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Common Stock Repurchase</U>: a repurchase, redemption or other retirement for value of Parent&#146;s common stock. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Company Trademark</U>: collectively, the trademarks owned by the U.S. Borrowers set forth on <B>Schedule <FONT
STYLE="white-space:nowrap">F-1</FONT></B> (as such Schedule may updated to include additional trademarks with the written consent of all Lenders). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Compliance Certificate</U>: a certificate, in the form of <B>Exhibit D</B>, by which Borrowers certify compliance with
<B>Section</B><B></B><B>&nbsp;10.3 </B>and for purposes of determination of the Applicable Margin (such certificate to include a calculation of the Fixed Charge Coverage Ratio, whether or not a Covenant Trigger Period is in effect and regardless of
the current pricing level as set forth in the Pricing Grid). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Conforming Changes</U>: <B><U>(a) with respect to the
use, administration of or any conventions associated with SOFR or any proposed Term SOFR Successor Rate or Term SOFR, as applicable, any conforming changes to the definitions of &#147;U.S. Base Rate&#148;, &#147;Canadian Base Rate&#148;,
&#147;SOFR&#148;, &#147;Term SOFR&#148; and &#147;Interest Period&#148;<FONT STYLE="font-family:Times New Roman">,</FONT> </U></B><FONT STYLE="font-family:Times New Roman"><B><U>timing and frequency of determining rates and making payments of
interest</U></B></FONT><FONT STYLE="font-family:Times New Roman"> <B><U>and other technical, administrative or operational matters (including, for the avoidance of doubt, the definitions of &#147;Business Day&#148; and &#147;U.S. Government
Securities Business Day&#148;</U></B></FONT><FONT STYLE="font-family:Times New Roman"><B><U>, timing of borrowing requests or prepayment, conversion or continuation notices and length of lookback periods</U></B></FONT><FONT
STYLE="font-family:Times New Roman"><B><U>) as may be appropriate, in the discretion of the Agent</U></B></FONT><FONT STYLE="font-family:Times New Roman"><B><U> </U></B></FONT><FONT STYLE="font-family:Times New Roman"><B><U>in consultation with the
Borrowers, to reflect the adoption and implementation of such </U></B></FONT><FONT STYLE="font-family:Times New Roman"><B><U>applicable rate(s)</U></B></FONT><FONT STYLE="font-family:Times New Roman"><B><U> and to permit the administration thereof
by the Agent in a manner substantially consistent with market practice (or, if the Agent determines that adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of
such</U></B></FONT><FONT STYLE="font-family:Times New Roman"> <B><U>rate</U></B></FONT><FONT STYLE="font-family:Times New Roman"><B><U> exists, in such other manner of administration as the Agent determines in consultation with the Borrowers is
reasonably necessary in connection with the administration of this Agreement and</U></B></FONT><FONT STYLE="font-family:Times New Roman"> <B><U>any other Loan Document), and (b)&nbsp;</U></B>with respect to the use, administration of or any
conventions associated with<B><U> the Canadian BA Rate,</U></B> <B>SONIA, SARON, EURIBOR</B> or any proposed Successor Rate for any currency, any conforming changes to the definitions of<B><U> </U></B><B><U>&#147;</U></B><B><U>Canadian BA
Rate</U></B><B><U>&#148;</U></B><B><U>,</U></B> <B>&#147;</B><B>SONIA</B><B>&#148;</B><B>, </B><B>&#147;</B><B>SARON</B><B>&#148;</B><B>, </B><B>&#147;</B><B>EURIBOR</B><B>&#148;</B><B>, </B>&#147;Interest Period&#148;, timing and frequency of
determining rates and making payments of interest and other technical, administrative or operational matters (including, for the avoidance of doubt, the definition of &#147;Business Day&#148;, timing of borrowing requests or prepayment, conversion
or continuation notices and length of lookback periods) as may be appropriate, in the discretion of the Agent in consultation with the Borrowers, to reflect the adoption and implementation of such applicable rate(s) and to permit the administration
thereof by the Agent in a manner substantially consistent with market practice for such currency (or, if the Agent determines that adoption of any portion of such market practice is not administratively feasible or that no market practice for the
administration of such rate for such currency exists, in such other manner of administration as the Agent determines in consultation with the Borrowers is reasonably necessary in connection with the administration of this Agreement and any other
Loan Document). </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Consolidated </U>Tangible Assets: as of any date of determination, the Consolidated Total
Assets of Parent and its Subsidiaries minus consolidated intangible assets of Parent and its Subsidiaries, all determined in accordance with GAAP. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Consolidated Total Assets</U>: as of any date of determination, the consolidated total assets of Parent and its
Subsidiaries as of such date, determined in accordance with GAAP. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">18 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Contingent Obligation</U>: as to any Person, any (a)&nbsp;obligation,
contingent or otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any Debt or other obligation payable or performable by another Person (the &#147;primary obligor&#148;) in any manner, whether directly or indirectly,
and including any obligation of such Person, direct or indirect, (i)&nbsp;to purchase or pay (or advance or supply funds for the purchase or payment of) such Debt or other obligation, (ii)&nbsp;to purchase or lease property, securities or services
for the purpose of assuring the obligee in respect of such Debt or other obligation of the payment or performance of such Debt or other obligation, (iii)&nbsp;to maintain working capital, equity capital or any other financial statement condition or
liquidity or level of income or cash flow of the primary obligor so as to enable the primary obligor to pay such Debt or other obligation, or (iv)&nbsp;entered into for the purpose of assuring in any other manner the obligee in respect of such Debt
or other obligation of the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or in part), or (b)&nbsp;Lien on any assets of such Person securing any Debt or other obligation of any other Person,
whether or not such Debt or other obligation is assumed by such Person. The amount of any Contingent Obligation shall be deemed to be an amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in
respect of which such Contingent Obligation is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by the guaranteeing Person in good faith. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Contractual Obligation</U>: as to any Person, any provision of any security issued by such Person or of any agreement,
instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Costco</U>: Costco Wholesale Corporation, a Washington corporation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Covenant Trigger Period</U>: the period (a)&nbsp;commencing on the day that Net Excess Availability is less than, at any
time, an amount equal to the Covenant Trigger Period Threshold Percentage of the Maximum Facility Amount; and (b)&nbsp;continuing until, during the preceding 30 consecutive days, Net Excess Availability has been greater than, at all times, an amount
equal to the Covenant Trigger Period Threshold Percentage of the Maximum Facility Amount. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Covenant Trigger Period
Threshold Percentage</U>: 10%. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Covered Entity</U>: (a)&nbsp;a &#147;covered entity,&#148; as defined and interpreted
in accordance with 12 C.F.R. &#167;252.82(b); (b) a &#147;covered bank,&#148; as defined in and interpreted in accordance with 12 C.F.R. &#167;47.3(b); or (c)&nbsp;a &#147;covered FSI,&#148; as defined in and interpreted in accordance with 12 C.F.R.
&#167;382.2(b). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Credit Judgment</U>: Agent&#146;s judgment exercised in good faith, based upon its consideration of
any factor that it believes (a)&nbsp;could reasonably be expected to adversely affect the quantity, quality, mix or value of Collateral (including any Applicable Law that may inhibit collection of an Account), the enforceability or priority of
Agent&#146;s Liens, or the amount that Agent and Lenders could receive in liquidation of any Collateral; (b)&nbsp;provides a reasonable basis to conclude that any collateral report or financial information delivered by any Obligor is incomplete,
inaccurate or misleading in any material respect; (c)&nbsp;materially increases the likelihood of any Insolvency Proceeding involving an Obligor; or (d)&nbsp;creates or could reasonably be expected to result in a Default or Event of Default. In
exercising such judgment, Agent may consider any factors that could reasonably be expected to increase the credit risk of lending to Borrowers on the security of the Collateral. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Credit Party</U>: Agent, a Lender or an Issuing Bank; and &#147;<U>Credit Parties</U>&#148; means Agent, Lenders and
Issuing Banks. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">19 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Creditor Representative</U>: under any Applicable Law, a receiver,
interim receiver, receiver and manager, trustee (including any trustee in bankruptcy), custodian, conservator, administrator, examiner, sheriff, monitor, assignee, liquidator, provisional liquidator, sequestrator or similar officer or fiduciary.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>CRR: either <FONT STYLE="white-space:nowrap">CRR-EU</FONT> or, as the context may require, <FONT
STYLE="white-space:nowrap">CRR-UK.</FONT></U></B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U><FONT STYLE="white-space:nowrap">CRR-EU:</FONT> regulation
575/2013 of the European Union on prudential requirements for credit institutions and investment firms and regulation 2019/876 of the European Union amending Regulation (EU) No 575/2013 and all delegated and implementing regulations supplementing
that regulation.</U></B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U><FONT STYLE="white-space:nowrap">CRR-UK:</FONT>
<FONT STYLE="white-space:nowrap">CRR-EU</FONT> as amended and transposed into the laws of the United Kingdom by the European Union (Withdrawal) Act 2018 and the European </U></B><B><U>Union (Withdrawal Agreement) Act 2020 and as amended by the
Capital Requirements (Amendment) (EU Exit) Regulations 2019.</U></B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>CWA</U>: the Clean Water Act (33 U.S.C.
&#167;&#167; 1251 <U>et</U> <U>seq</U>.). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Daily Simple SOFR</U><B><I>:</I></B> with respect to any applicable
determination date, the secured overnight financing rate<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;(</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&#147;</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>SOFR</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&#148;
</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>)</STRIKE></FONT></B> published on <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>such date by the Federal Reserve Bank of New York, as
the administrator of the benchmark (or a successor administrator) on the Federal Reserve Bank of New York</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&#146;</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>s</STRIKE></FONT></B><B><U>the FRBNY</U></B> website (or any successor source<B><U> satisfactory to Agent</U></B>). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Debt</U>: as to any Person at a particular time, without duplication, all of the following, whether or not included as
indebtedness or liabilities in accordance with GAAP: (a)&nbsp;all obligations of such Person for borrowed money and all obligations of such Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments; (b)&nbsp;all
direct or contingent obligations of such Person arising under letters of credit (including standby and commercial), bankers&#146; acceptances, bank guaranties, surety bonds and similar instruments; (c)&nbsp;all obligations of such Person to pay the
deferred purchase price of property or services (other than trade accounts payable and accrued expenses arising in the Ordinary Course of Business); (d) indebtedness (excluding prepaid interest thereon) secured by a Lien on property owned or being
purchased by such Person (including indebtedness arising under conditional sales or other title retention agreements), whether or not such indebtedness shall have been assumed by such Person or is limited in recourse; (e)&nbsp;Capital Leases and <FONT
STYLE="white-space:nowrap">Off-Balance</FONT> Sheet Liabilities; (f)&nbsp;all Contingent Obligations of such Person in respect of the foregoing clauses (a)&nbsp;through (e); and (g)&nbsp;in the case of an Obligor, the Obligations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Default</U>: an event or condition that, with the lapse of time or giving of notice, would constitute an Event of Default.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Default Rate</U>: for any Obligation (including, to the extent permitted by law, interest not paid when due), 2%
<U>plus</U> the interest rate otherwise applicable thereto. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Defaulting Lender</U>: any Lender that, as determined by
Agent, (a)&nbsp;has failed to perform any funding obligations hereunder, and such failure is not cured within three Business Days; (b)&nbsp;has notified Agent or any Borrower that such Lender does not intend to comply with its funding obligations
hereunder or has made a public statement to the effect that it does not intend to comply with its funding obligations hereunder or under any other credit facility; (c)&nbsp;has failed, within three Business Days following request by Agent, to
confirm in a manner satisfactory to Agent that such Lender will comply with its funding obligations hereunder; or (d)&nbsp;has, or has a direct or indirect parent company that has, become the subject of an Insolvency Proceeding (including
reorganization, liquidation, or appointment of a receiver, custodian, administrator or similar Person by the Federal Deposit Insurance Corporation or any other regulatory authority), or <FONT STYLE="white-space:nowrap">Bail-In</FONT> Action;
<U>provided</U>, <U>however</U>, that a Lender shall not be a Defaulting Lender solely by </P>
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virtue of a Governmental Authority&#146;s ownership of an equity interest in such Lender or parent company unless the ownership provides immunity for such Lender from jurisdiction of courts
within the United States or from enforcement of judgments or writs of attachment on its assets, or permits such Lender or Governmental Authority to repudiate or otherwise to reject such Lender&#146;s agreements. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Demand Date</U>: as defined in <B>Section</B><B></B><B>&nbsp;5.11.7(h).</B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Deposit Account</U>: as defined in the UCC (and/or with respect to any Deposit Account located in Canada and/or Germany
and/or the U.K.<B><U> and/or the Netherlands and/or the Republic of Ireland</U></B>, any bank account with a deposit function). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Deposit Account Control Agreements</U>: the deposit account control agreements to be executed by each institution
maintaining a Deposit Account for an Obligor, in favor of Agent, for the benefit of<B><U> the applicable</U></B> Secured Parties, and shall include, in the case of any Deposit Accounts domiciled outside the United States or Canada, notice to and
acknowledgement from the relevant institution maintaining that Deposit Account. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Designated Jurisdiction</U>: a country
or territory that is the target of Sanctions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Designated Obligations</U>: as defined in
<B>Section</B><B></B><B>&nbsp;14.11(a)(v).</B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Dilution Percent</U>: the percent, for any period determined by Agent,
equal to (a)&nbsp;bad debt write-downs or write-offs, discounts, returns, promotions, credits, credit memos and other dilutive items with respect to Accounts of the U.S. Borrowers (in the case of the U.S. Dilution Reserve), the Canadian Borrower (in
the case of the Canadian Dilution Reserve), the German Borrower (in the case of the German Dilution Reserve), or the U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B> (in the case of the U.K.<B><U>/Dutch</U></B> Dilution Reserve), <U>divided</U> <U>by</U> (b)&nbsp;gross sales of the U.S.
Borrowers (in the case of the U.S. Dilution Reserve), of the Canadian Borrower (in the case of the Canadian Dilution Reserve), of the German Borrower (in the case of the German Dilution Reserve), or of the U.K.<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B> (in the case of the
U.K.<B><U>/Dutch</U></B> Dilution Reserve). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Direction</U>: as defined in
<B>Section</B><B></B><B>&nbsp;5.9.2(a)(ii)(A)</B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Distribution</U>: any declaration or payment of a distribution,
interest or dividend on any Equity Interest (other than <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">payment-in-kind);</FONT></FONT> any distribution, advance or repayment of Debt to a holder of Equity Interests; or any
purchase, redemption, or other acquisition or retirement for value of any Equity Interest, in each case, other than (a)&nbsp;the purchase of a customary capped call transaction in connection with convertible debt securities of Parent otherwise
permitted to be incurred under this Agreement<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;and</STRIKE></FONT></B><B><U>,</U></B>
(b)&nbsp;payments of interest with respect to convertible debt securities of Parent otherwise permitted to be incurred under this Agreement<B><U>, (c)</U></B><B><U></U></B><B><U>&nbsp;payments made or expected to be made in respect of withholding or
similar Taxes payable by any future, present or former officers, directors, employees, members of management, managers or consultants of Parent, any Subsidiary of Parent or any of their respective Immediate Family Members,
(d)</U></B><B><U></U></B><B><U>&nbsp;payments or other adjustments to outstanding Equity Interests made by Parent in accordance with any management equity plan, stock option plan or any other similar employee benefit or incentive plan, agreement or
arrangement in connection with any Distribution, payment or other transaction, in each case, contemplated by clauses (c), (d) and/or (e)</U></B><B><U></U></B><B><U>&nbsp;of this definition, and (e)</U></B><B><U></U></B><B><U>&nbsp;repurchases by
Parent of Equity Interests in consideration of the payments described in clauses (c)</U></B><B><U></U></B><B><U>&nbsp;and/or (d)</U></B><B><U></U></B><B><U>&nbsp;of this definition, including demand repurchases, in the case of each of clauses (c),
(d) and (e), in connection with the exercise or vesting of stock options, restricted stock units or similar incentive interests</U></B>. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">21 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Document</U>: as defined in the UCC (and/or with respect to any Document
of a Canadian Subsidiary, a &#147;document of title&#148; as defined in the PPSA). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT
STYLE="font-family:Times New Roman"><B><strike><u>Dollars</u></strike></B></FONT><FONT STYLE="font-family:Times New Roman"><B><STRIKE>: lawful money of the United States.</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Dollar Equivalent</U>: on any date, with respect to any amount denominated in Dollars, such amount in Dollars, and with
respect to any stated amount in a currency other than Dollars, the amount of Dollars that Agent determines (which determination shall be conclusive and binding absent manifest error) would be necessary to be sold on such date at the applicable
Exchange Rate to obtain the stated amount of the other currency. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman"><B><U>Dollars:
lawful money of the United States.</U></B></FONT><FONT STYLE="font-family:Times New Roman"> </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Dominion
Account</U>: with respect to the U.S. Domiciled Obligors, a U.S. Dominion Account; with respect to the Canadian Domiciled Obligors, a Canadian Dominion Account; with respect to the German Domiciled Obligors, a German Dominion Account;<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;and</STRIKE></FONT></B> with respect to the U.K. Domiciled Obligors, a U.K. Dominion
Account<B><U>; and with respect to the Dutch Domiciled Obligors, a Dutch Dominion Account</U></B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Dominion Trigger
Period</U>: the period (a)&nbsp;commencing on the day that an Event of Default occurs, or Net Excess Availability is less than: (i)&nbsp;an amount equal to 10% of the Maximum Facility Amount for five (5)&nbsp;consecutive Business Days, or (ii) 7.5%
of the Maximum Facility Amount at any time, and (b)&nbsp;continuing until, during the preceding 30 consecutive days, no Event of Default has existed and Net Excess Availability has been greater than, at all times, an amount equal to 10% of the
Maximum Facility Amount. Agent will endeavor to provide copies of each notice of control Agent sends to any Dominion Account bank to Borrower Agent substantially contemporaneously with providing such notice to such Dominion Account bank;
<U>provided</U>, <U>however</U>, that the failure of Agent to provide a copy of any such notice to Borrower Agent shall not give rise to any liability on the part of Agent and shall not affect the validity and effectiveness of such notice. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman"><strike><u>Early Opt-in Effective Date</u></strike></FONT></B><B><STRIKE>: with
respect to any Early Opt-in Election, the sixth (6th) Business Day after the date notice of such Early Opt-in Election is provided to the Lenders, so long as the Agent has not received, by 5:00 p.m. (New York City time) on the fifth (5th) Business
Day after the date notice of such Early Opt-in Election is provided to the Lenders, written notice of objection to such Early Opt-in Election from Lenders comprising the Required Lenders.</STRIKE></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE>Early Opt-in Election</STRIKE></B><B><STRIKE>: the occurrence of:</STRIKE></B> </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B><FONT STYLE="font-size:12pt"><STRIKE>(1)</STRIKE></FONT></B><B></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify"><B></B><B><FONT STYLE="font-size:12pt"><STRIKE>a determination by the Agent, or a notification by the
Borrower Agent to the Agent that the Borrower Agent has made a determination, that U.S. dollar-denominated syndicated credit
facilities</STRIKE></FONT></B><B><FONT STYLE="font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-size:12pt"><STRIKE> </STRIKE></FONT></B><B><FONT STYLE="font-size:12pt"><STRIKE>currently being executed, or that include language similar
to that contained in Section</STRIKE></FONT></B><B><FONT STYLE="font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-size:12pt"><STRIKE>&nbsp;3.6(b)</STRIKE></FONT></B><B><FONT STYLE="font-size:12pt"><STRIKE>, are being executed or
amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace LIBOR</STRIKE></FONT></B><B><FONT STYLE="font-size:12pt"><STRIKE>, and</STRIKE></FONT></B><B><FONT STYLE="font-size:12pt"><STRIKE>&nbsp;</STRIKE></FONT></B>
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B><STRIKE>(2)</STRIKE></B><B></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman; " ALIGN="justify"><B></B><B><STRIKE>the joint election by the Agent and the Borrower Agent to replace LIBOR with a Benchmark
Replacement and the provision by the Agent of written notice of such election to the Lenders.</STRIKE></B> </P></TD></TR></TABLE>
<P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>Dutch Borrower: as defined in the preamble to this Agreement. </U></B> </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>Dutch Domiciled Obligor: each Dutch Subsidiary which is at any time an
Obligor, and </U></B><B><U>&#147;</U></B><B><U>Dutch Domiciled Obligors</U></B><B><U>&#148;</U></B><B><U> means all such Persons, collectively.</U></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>Dutch Dominion Account: a special account established by the Dutch Borrower at Bank of America (or any branch or
Affiliate thereof) or another bank acceptable to Agent, over which Agent has a Lien governed by the law of the jurisdiction in which such account is domiciled and exclusive control for withdrawal purposes during any Dominion Trigger Period.</U></B>
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>Dutch Omnibus Pledge: the Dutch law omnibus pledge agreement to be granted by the Dutch Borrower in favor of Agent
in connection with certain Deposit Accounts, Accounts and Inventory located in the Netherlands, as may be amended, restated, supplemented or otherwise modified from time to time.</U></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>Dutch Pledged Cash: the funds maintained in a blocked Deposit Account or securities account of a Dutch Borrower subject
to a Deposit Account Control Agreement or securities account control agreement, as applicable, which give Agent at all times exclusive access and control for withdrawal purposes to the exclusion of the Dutch Borrower and precluding the Dutch
Borrower from withdrawing or otherwise giving any instructions in connection therewith and which may not be withdrawn without the Agent</U></B><B><U>&#146;</U></B><B><U>s prior written consent (such consent not to be unreasonably withheld if
(i)</U></B><B><U></U></B><B><U>&nbsp;upon and after giving effect to such withdrawal, no Default or Event of Default shall have occurred and be continuing and (ii)</U></B><B><U></U></B><B><U>&nbsp;immediately after such withdrawal (for
clarification, including after giving effect to any recalculation of the U.K./Dutch Borrowing Base upon giving effect to such withdrawal), U.K./Dutch Availability would be a positive number), and which are subject to effective security documents
governed by the law of the jurisdiction in which such Deposit Account is domiciled in form and substance satisfactory to Agent, that provide Agent with an unencumbered perfected first priority/ranking security interest in and Lien on such funds
(subject to Liens of the depository bank having priority by law).</U></B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>Dutch Security Documents: the Dutch
Omnibus Pledge, the Dutch Share Pledge and any other similar agreement, instrument or document governed by the laws of any jurisdiction, including Germany, in each case now or hereafter securing (or given with the intent to secure) the U.K./Dutch
Facility Obligations.</U></B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>Dutch Share Pledge: the Dutch law share pledge agreement to be granted by the U.K.
Borrower over the shares in the Dutch Borrower in favor of the Agent, as may be amended, restated, supplemented or otherwise modified from time to time.</U></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>Dutch Subsidiary: a Subsidiary of Parent incorporated or organized under the laws of the Netherlands. </U></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>EBITDA</U>: (i)&nbsp;determined on a consolidated basis for Parent and Subsidiaries, net income, calculated before (without
duplication): interest expense; <FONT STYLE="white-space:nowrap">non-cash</FONT> stock compensation expense; provision for income taxes; depreciation and amortization expense; other <FONT STYLE="white-space:nowrap">non-cash</FONT> expenses (except
to the extent representing a reserve or accrual for cash expenses in another period) of Borrower Agent and its Subsidiaries (including, without limitation, <FONT STYLE="white-space:nowrap">non-cash</FONT> amounts related to any downsizing,
restructuring or partial close of any operations of Borrower Agent or any of its Subsidiaries); gains or losses arising from the sale of capital assets; gains arising from the <FONT STYLE="white-space:nowrap">write-up</FONT> of assets; any
extraordinary, exceptional, unusual, special or infrequent gain, loss or charge not in the ordinary course of business; any gains on account of a transaction which results in Parent receiving Top Golf Proceeds; and fees and expenses incurred or any
amortization thereof in connection with any acquisition, investment, recapitalization, asset disposition, issuance or repayment of debt, issuance of equity securities, refinancing transaction or amendment or other
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">23 </P>

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modification of any debt instrument (in each case, including any such transaction consummated prior to the Fourth Amendment to Fourth Amended and Restated Effective Date and any such transaction
undertaken but not completed) and any charges or nonrecurring merger costs incurred during such period as a result of any such transaction, in each case, to the extent not otherwise prohibited hereunder (in each case of each of the foregoing, to the
extent included in determining net income) plus (ii)&nbsp;Parent&#146;s equity in the net income of any Excluded Subsidiary up to an amount equal to the aggregate amount of cash actually distributed by such Excluded Subsidiary to Parent or any
Subsidiary as a dividend or other distribution during the applicable period. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>EEA Financial Institution</U>:
(a)&nbsp;any credit institution or investment firm established in an EEA Member Country that is subject to the supervision of an EEA Resolution Authority; (b)&nbsp;any entity established in an EEA Member Country that is a parent of an institution
described in clause (a)&nbsp;above; or (c)&nbsp;any financial institution established in an EEA Member Country that is a subsidiary of an institution described in the foregoing clauses and is subject to consolidated supervision with its parent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>EEA Member Country</U>: any of the member states of the European Union, Iceland, Liechtenstein and Norway. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>EEA Resolution Authority</U>: any public administrative authority or any Person entrusted with public administrative
authority of an EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>Electronic Copy: as defined in Section</U></B><B><U></U></B><B><U>&nbsp;14.8.</U></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>Electronic Record and Electronic Signature: as defined in 15 U.S.C. </U></B><B><U>&#167;</U></B><B><U>7006.</U></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Eligible Account</U>: an Account owing to a Borrower that arises in the Ordinary Course of Business from the sale of goods
or rendition of services, is payable in Dollars (or, in the case of: (<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>x</STRIKE></FONT></B><B><U>w</U></B>) an Account owing to the Canadian Borrower, in Dollars or Canadian
Dollars, (<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>y</STRIKE></FONT></B><B><U>x</U></B>) an Account owing to the <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>U.K.
Borrower</STRIKE></FONT></B><B><U>Dutch Borrowers</U></B>, in Dollars, Euros, <B><U>Swedish Kroner, Danish Kroner, Norwegian Kroner, </U></B>or British Pounds, <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>and
(z</STRIKE></FONT></B><B><U>(y</U></B>) an Account owing to the German Borrower, in Dollars, Euros, Swiss Francs, Swedish Kroner, Danish Kroner, Norwegian Kroner, or British
Pounds<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>)</STRIKE></FONT></B>, <B><U>and (z)</U></B><B><U></U></B><B><U>&nbsp;an account owing to the U.K. Borrower in Dollars, Euros or British Pounds), </U></B>and is deemed by
Agent, in its Credit Judgment, to satisfy the criteria set forth below. No Account shall be an Eligible Account if (a)&nbsp;it is unpaid for more than 60<B><I> </I></B>days after the original due date (or up to an additional 30 days as Agent may
approve on an Account Debtor by Account Debtor basis in its sole discretion), or it is unpaid for more than 150<B><I> </I></B>days after the original invoice date (or up to an additional 30 days as Agent may approve on an Account Debtor by Account
Debtor basis in its sole discretion); (b) 50% or more of the Accounts owing by the Account Debtor are not Eligible Accounts under the foregoing clause; (c)&nbsp;when aggregated with other Accounts owing by the Account Debtor and such Account
Debtor&#146;s Affiliates, it exceeds 15% of the aggregate Eligible Accounts (or such higher percentage as Agent may establish for the Account Debtor and its Affiliates from time to time); <U>provided</U> that<I>,</I>
<B><U>(i)</U></B><B><U></U></B>&nbsp;with respect to Accounts owing by Dick&#146;s Sporting Goods<B><U> and its Affiliates</U></B>, such percentage shall be
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>30</STRIKE></FONT></B><B><U>50%, and (ii)</U></B><B><U></U></B><B><U>&nbsp;with respect to Accounts owing by Amazon and its Affiliates, such percentage shall be 35</U></B>%; (d) it
does not conform with a covenant or representation herein; (e)&nbsp;it is owing by a creditor or supplier, or is otherwise subject to a potential offset, counterclaim, dispute, deduction, discount, recoupment, reserve, defense, chargeback, credit or
allowance (but ineligibility shall be limited to the amount thereof); (f) an Insolvency Proceeding has been commenced by or against the Account Debtor; or the Account Debtor has failed, has suspended or ceased doing business, is liquidating,
dissolving or winding up its affairs, or is not Solvent, or is the target of any Sanction or on any specially designated nationals list maintained by OFAC; or the Borrower that originated such Account is not able to
</P>
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bring suit or enforce remedies against the Account Debtor through judicial process; (g)&nbsp;with respect to Accounts owing to: (i)&nbsp;the U.S. Borrowers or the Canadian Borrower, the Account
Debtor is organized or has its principal offices or assets outside the United States or Canada, (ii)&nbsp;the German Borrower, the Account Debtor is organized or has its principal offices or assets outside of the United States, Canada, Switzerland,
Norway, or any country which was a Participating Member State of the European Union prior to May&nbsp;1, 2004, <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>and</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B>&nbsp;(iii) the U.K. Borrower, the Account Debtor is organized or has its principal offices or assets outside of England, Wales, Scotland, Canada<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;or</STRIKE></FONT></B><B><U>,</U></B> Northern Ireland<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;(other than a U.K.</STRIKE></FONT></B><B><U>, or any country which was a Participating Member
State of the European Union prior to May</U></B><B><U></U></B><B><U>&nbsp;1, 2004 (other than a U.K./Dutch Eligible Foreign Account), and (iv)</U></B><B><U></U></B><B><U>&nbsp;the Dutch Borrower, the Account Debtor is organized or has its principal
offices or assets outside of the United States, Canada, Switzerland, Norway, England, Wales, Scotland, Northern Ireland or any country which was a Participating Member State of the European Union prior to May</U></B><B><U></U></B><B><U>&nbsp;1, 2004
(other than a U.K./Dutch</U></B> Eligible Foreign Account); (h) it is owing by a Government Authority, unless the Account Debtor is the United States or any department, agency or instrumentality thereof and the Account has been assigned to Agent in
compliance with the Assignment of Claims Act or the Account Debtor is the federal government of Canada or any Crown corporation, department, agency or instrumentality of Canada and the Canadian Borrower has complied, to the satisfaction of Agent,
with the Financial Administration Act or other Applicable Law; (i)&nbsp;it is not subject to a duly perfected, first priority (in the case of U.K. Accounts, expressed as a fixed charge) Lien in favor of Agent, or is subject to any other Lien;
(j)&nbsp;the goods giving rise to it have not been delivered to the Account Debtor, the services giving rise to it have not been accepted by the Account Debtor, or it otherwise does not represent a final sale; (k)&nbsp;it is evidenced by Chattel
Paper or an Instrument of any kind, or has been reduced to judgment; (l)&nbsp;its payment has been extended or the Account Debtor has made a partial payment; (m)&nbsp;it arises from a sale to an Affiliate, from a sale on a <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">cash-on-delivery,</FONT></FONT> <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">bill-and-hold,</FONT></FONT> sale-or-return, sale-on-approval, consignment, or other
repurchase or return basis, or from a sale for personal, family or household purposes; (n)&nbsp;it represents a progress billing or retainage, or relates to services for which a performance, surety or completion bond or similar assurance has been
issued; or (o)&nbsp;it includes a billing for interest, fees or late charges, but ineligibility shall be limited to the extent thereof. In calculating delinquent portions of Accounts under clauses (a)&nbsp;and (b), credit balances more than 60 days
old (or such later date as Agent may approve in its sole discretion) will be excluded. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">The criteria for Eligible Accounts
set forth above may only be changed and any new criteria for Eligible Accounts may only be established by Agent in its Credit Judgment, based on: (i)&nbsp;an event, condition or other circumstance arising after the date hereof, (ii)&nbsp;an event,
condition or other circumstance existing on the date hereof to the extent that the Agent has no knowledge thereof or its effect on the Account, or (iii)&nbsp;facts, information, or circumstances provided to or learned by Agent in the course of its
administration of the facility, including, without limitation, in connection with field exams, audits, reports and other information received, and observance of Collateral and the Obligors&#146; business performance, in any case under clauses (i),
(ii) or (iii), which adversely affects or would reasonably be expected to adversely affect the Accounts as determined by Agent in its Credit Judgment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Eligible Assignee</U>: a Person that is (i)&nbsp;a Lender or a U.S.-based Affiliate of a Lender, (ii)&nbsp;if such Person
is to hold U.S. Facility Obligations, an Approved Fund<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>;</STRIKE></FONT></B><B><U>,</U></B> (iii) if such Person is to hold Canadian Facility Obligations, such person is at all
times, other than during any Event of Default, a Canadian Qualified Lender and an Affiliate or branch of a U.S. Lender<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>;</STRIKE></FONT></B><B><U>,</U></B> (iv) if such Person is to
hold U.K.<B><U>/Dutch</U></B> Facility Obligations, such person is at all times, other than during any Event of Default, a U.K. Qualified Lender and an Affiliate of a U.S. Lender, (v)&nbsp;if such Person is to hold German Facility Obligations, such
person is at all times, other than during any Event of Default, a U.S. Lender or an Affiliate or branch of a U.S. Lender, (vi)&nbsp;any other financial institution approved by Agent and Borrower Agent (which approval by Borrower Agent shall not be
unreasonably withheld or delayed), that is organized under the laws of the United States or Canada or any state, province or district thereof, has total assets in excess of $5&nbsp;billion, </P>
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extends asset-based lending facilities in its Ordinary Course of Business and whose becoming an assignee would not constitute a prohibited transaction under Section&nbsp;4975 of the Code or any
other Applicable Law; and (vii)&nbsp;during any Event of Default, any Person acceptable to Agent in its discretion. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Eligible Costco Inventory</U>: Inventory consisting of finished goods owned by a U.S. Borrower and consigned to Costco that
would otherwise be Eligible Inventory if it were not consigned to a Person in violation of clause (h)(i) of the definition of &#147;Eligible Inventory&#148; and either (a)&nbsp;Costco has delivered to Agent a Lien Waiver with respect to such
Inventory, or (b)&nbsp;Costco is rated <FONT STYLE="white-space:nowrap">BBB-</FONT> (or better) by S&amp;P and Baa3 (or better) by Moody&#146;s as of the applicable date of determination. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Eligible Inventory</U>: Inventory owned by a Borrower that Agent, in its Credit Judgment, deems to satisfy the criteria set
forth below. No Inventory shall be Eligible Inventory unless it (a)&nbsp;is finished goods or raw materials, and not packaging or shipping materials, labels, samples, display items, bags, replacement parts or manufacturing supplies; (b)&nbsp;is not
held on consignment, nor subject to any deposit or down payment; (c)&nbsp;is in new and saleable condition and is not damaged, defective, shopworn or otherwise unfit for sale; (d)&nbsp;is not slow-moving (as determined by Agent from time to time),
perishable, obsolete or unmerchantable, and does not constitute returned or repossessed goods; (e)&nbsp;meets all standards imposed by any Governmental Authority, has not been acquired from a Person that is the target of any Sanction or on any
specially designated nationals list maintained by OFAC, and does not constitute hazardous materials under any Environmental Law; (f)&nbsp;conforms with the covenants and representations herein; (g)&nbsp;is subject to Agent&#146;s duly perfected,
first priority Lien which must, (i)&nbsp;in the case of any Inventory of <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>the</STRIKE></FONT></B><B><U>a</U></B> U.K.<B><U>/Dutch</U></B> Borrower located in Germany, be a German
law governed Lien pursuant to a security transfer agreement on substantially the same terms as the German Security Transfer Agreement and (ii)&nbsp;in the case of any Inventory of the German<B><U> Borrower or the Dutch</U></B> Borrower located in
the United Kingdom, be an English law governed Lien pursuant to a floating charge on substantially the same terms as the U.K. Security Agreements, and<B><U>, in each case,</U></B> no other Lien<B><U> other than Permitted Liens</U></B>; (h)&nbsp;(i)
other than Eligible Costco Inventory, is not consigned to any Person, and (ii)&nbsp;other than Eligible <FONT STYLE="white-space:nowrap">In-Transit</FONT> Inventory, is within: (A)&nbsp;the continental United States, in the case of Inventory of a
U.S. Borrower, (B)&nbsp;Canada, in the case of Inventory of the Canadian Borrower, (C)&nbsp;Germany, or, with the consent of the Agent, the United Kingdom in the case of Inventory of the German Borrower, <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>and</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B>&nbsp;(D) the United Kingdom, or, with the consent of the Agent, Germany in
the case of Inventory of the U.K.<B><U> Borrower, and (E)</U></B><B><U></U></B><B><U>&nbsp;the Netherlands or the United Kingdom, in the case of Inventory of the Dutch</U></B> Borrower; (i)&nbsp;other than Eligible
<FONT STYLE="white-space:nowrap">In-Transit</FONT> Inventory, is not in transit unless it is, in the case of: (i)&nbsp;Inventory of a U.S. Borrower, in transit between facilities in the United States of <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>the</STRIKE></FONT></B><B><U>any</U></B> U.S. <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>Borrowers</STRIKE></FONT></B><B><U>Borrower</U></B>, (ii)&nbsp;Inventory
of the Canadian Borrower, in transit between facilities in Canada of the Canadian Borrower, (iii)&nbsp;Inventory of the German Borrower, in transit between facilities in Germany of the German Borrower, <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>and</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B>&nbsp;(iv) Inventory of the U.K. Borrower, in transit between facilities in
England, Wales, Scotland or Northern Ireland of the U.K. Borrower<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>)</STRIKE></FONT></B><B><U>, and (v)</U></B><B><U></U></B><B><U>&nbsp;Inventory of the Dutch Borrower, in transit
between facilities in the Netherlands of the Dutch Borrower or in between facilities in the United Kingdom of the Dutch Borrower</U></B>; (j)&nbsp;is not subject to any warehouse receipt or negotiable Document; (k)&nbsp;is not subject to any License
or other arrangement that restricts such Borrower&#146;s or Agent&#146;s right to dispose of such Inventory, unless Agent has received an appropriate Lien Waiver; (l)&nbsp;is not located on leased premises or in the possession of a warehouseman,
processor, repairman, mechanic, shipper, freight forwarder or other Person, unless the lessor or such Person has delivered a Lien Waiver or an appropriate U.S. Rent and Charges Reserve (in the case of the U.S. Borrowers), a Canadian Rent and Charges
Reserve (in the case of the Canadian Borrower), a German Rent and Charges Reserve (in the case of the German Borrower), or a U.K.<B><U>/Dutch</U></B> Rent and Charges Reserve (in the case of the U.K.<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B>) has been established; (m)&nbsp;is
reflected in the details of a current perpetual inventory report and (n)&nbsp;is not located at a retail location of a German Borrower. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">The criteria for Eligible Inventory set forth above may only be changed and
any new criteria for Eligible Inventory may only be established by Agent in its Credit Judgment, based on: (i)&nbsp;an event, condition or other circumstance arising after the date hereof, (ii)&nbsp;an event, condition or other circumstance existing
on the date hereof to the extent that the Agent has no knowledge thereof or its effect on Inventory, or (iii)&nbsp;facts, information, or circumstances provided to or learned by Agent in the course of its administration of the facility, including,
without limitation, in connection with field exams, audits, reports and other information received, and observance of Collateral and the Obligors&#146; business performance, in any case under clauses (i), (ii) or (iii), which adversely affects or
would reasonably be expected to adversely affect the Inventory as determined by Agent in its Credit Judgment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Eligible
<FONT STYLE="white-space:nowrap">In-Transit</FONT> Inventory</U>: Inventory consisting of finished goods owned by a Borrower that would be Eligible Inventory if it were not subject to a Document and in transit from a foreign location to a location
of a Borrower within the United States, Canada, England, <B><U>Wales, Scotland, Northern Ireland, the Netherlands </U></B>or Germany, and that Agent, in its Credit Judgment, deems to be Eligible <FONT STYLE="white-space:nowrap">In-Transit</FONT>
Inventory, and thus to be Eligible Inventory. Without limiting the foregoing, no Inventory shall be Eligible <FONT STYLE="white-space:nowrap">In-Transit</FONT> Inventory unless it (a)&nbsp;is finished goods, (b)&nbsp;has been delivered to a carrier
in a foreign port or foreign airport for receipt by a Borrower in the United States (in the case of the U.S. Borrowers) or <B><U>the United Kingdom (in the case of the U.S. Borrower(s) party to the U.K. Inventory Charge) or </U></B>Canada (in the
case of the Canadian Borrower) or<B><U> the Netherlands,</U></B> England, Wales, Scotland or Northern Ireland (in the case of the U.K. <B><U>Borrower) or the Netherlands or the United Kingdom (in the case of the Dutch </U></B>Borrower) or Germany
(in the case of the German Borrower) within sixty (60)&nbsp;days of the date of determination, but which has not yet been received by the applicable Borrower, (c)&nbsp;is subject to a negotiable Document showing Agent (or, with the consent of Agent,
the applicable Borrower) as consignee, which Document is in the possession of Agent or such other Person as Agent shall approve; (d)&nbsp;is fully insured in a manner satisfactory to Agent; (e)&nbsp;has been identified to the applicable sales
contract and title has passed to the applicable Borrower; (f)&nbsp;is not sold by a vendor that has a right to reclaim, divert shipment of, repossess, stop delivery, claim any reservation of title or otherwise assert Lien rights against the
Inventory, or with respect to whom any Borrower is in default of any obligations; (g)&nbsp;is subject to purchase orders and other sale documentation satisfactory to Agent; (h)&nbsp;is shipped by a common carrier that is not affiliated with the
vendor and is not the target of any Sanction or on any specially designated nationals list maintained by OFAC; and (i)&nbsp;is being handled by a customs broker, freight-forwarder or other handler that has delivered a Lien Waiver. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Eligible Real Estate</U>: Real Estate owned by a U.S. Borrower that is located at 2180 Rutherford Road, Carlsbad, CA 92008,
and that Agent, in its Credit Judgment, deems to satisfy the criteria set forth in the subsequent sentence. Such Real Estate shall not be Eligible Real Estate unless: (a)&nbsp;a first priority Mortgage, in substantially the form attached hereto as
<B>Exhibit E</B>, has been executed, delivered and recorded with respect to such Real Estate, and (b)&nbsp;Agent shall have received the Related Real Estate Documents with respect to such Real Estate. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>EMU Legislation</U>: the legislative measures of the European Council for the introduction of, changeover to or operation
of a single or unified European currency. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Enforcement Action</U>: any action to enforce any Obligations (other than
Secured Bank Product Obligations) or Loan Documents or to exercise any rights or remedies relating to any Collateral (whether by judicial action, self-help, notification of Account Debtors, exercise of setoff or recoupment, exercise of any right to
vote or act in an Obligor&#146;s Insolvency Proceeding, or otherwise). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Environmental Laws</U>: all Applicable Laws
(including all programs, permits and guidance promulgated by regulatory agencies) relating to public health (but excluding occupational safety and health, to the extent regulated by OSHA) or the protection or pollution of the environment, including
CERCLA, </P>
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RCRA, CWA, the Environmental Protection Act (Ontario) and similar Applicable Laws of foreign jurisdictions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Environmental </U>Notice: a notice (whether written or oral) from any Governmental Authority or other Person of any
possible noncompliance with, investigation of a possible violation of, litigation relating to, or potential fine or liability under any Environmental Law, or with respect to any Environmental Release, environmental pollution or hazardous materials,
including any complaint, summons, citation, order, claim, demand or request for correction, remediation or otherwise. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Environmental Release</U>: a release as defined in CERCLA or under any other Environmental Law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Equity Interest</U>: the interest of any (a)&nbsp;shareholder in a corporation; (b)&nbsp;partner in a partnership (whether
general, limited, limited liability or joint venture); (c) member in a limited liability company; or (d)&nbsp;other Person having any other form of equity
security<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;or</STRIKE></FONT></B><B><U>,</U></B> ownership interest<B><U> or voting
rights</U></B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>ERISA</U>: the Employee Retirement Income Security Act of 1974. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>ERISA Affiliate</U>: any trade or business (whether or not incorporated) under common control with an Obligor within the
meaning of Section&nbsp;414(b) or (c)&nbsp;of the Code (and Sections 414(m) and (o)&nbsp;of the Code for purposes of provisions relating to Section&nbsp;412 of the Code). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>ERISA Event</U>: (a)&nbsp;a Reportable Event with respect to a Pension Plan; (b)&nbsp;a withdrawal by any Obligor or ERISA
Affiliate from a Pension Plan subject to Section&nbsp;4063 of ERISA during a plan year in which it was a substantial employer (as defined in Section&nbsp;4001(a)(2) of ERISA) or a cessation of operations that is treated as such a withdrawal under
Section&nbsp;4062(e) of ERISA; (c)&nbsp;a complete or partial withdrawal by any Obligor or ERISA Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan is in reorganization; (d)&nbsp;the filing of a notice of intent to
terminate, the treatment of a Plan amendment as a termination under Section&nbsp;4041 or 4041A of ERISA, or the commencement of proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan; (e)&nbsp;any Obligor or ERISA Affiliate fails
to meet any funding obligations with respect to any Pension Plan or Multiemployer Plan, or requests a minimum funding waiver; (f)&nbsp;an event or condition which constitutes grounds under Section&nbsp;4042 of ERISA for the termination of, or the
appointment of a trustee to administer, any Pension Plan or Multiemployer Plan; or (g)&nbsp;the imposition of any liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section&nbsp;4007 of ERISA, upon any
Obligor or ERISA Affiliate. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>EU <FONT STYLE="white-space:nowrap">Bail-In</FONT> Legislation Schedule</U>: the EU <FONT
STYLE="white-space:nowrap">Bail-In</FONT> Legislation Schedule published by the Loan Market Association, as in effect from time to time. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>EU Regulation</U>: as defined in <B>Section</B><B></B><B>&nbsp;9.1.25</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>EURIBOR Loan: a Loan bearing interest at a rate determined by reference to the EURIBOR Rate.</U></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>EURIBOR Rate: </U></B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><U>for any Interest Period, with
respect to any extension of credit under this Agreement denominated in Euros, the rate per annum equal to the Euro Interbank Offered Rate (&#147;EURIBOR&#148;), as published on the applicable Reuters screen page (or such other commercially available
source providing such quotations as may be designated by </U></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><U>Agent from time to time) on the
date</U></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><U> that is two TARGET Days preceding the first day of such Interest Period with a term equivalent to such Interest Period</U></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><B><U>, provided that if EURIBOR is less than zero, such rate shall be deemed to be zero for the purposes of this Agreement.</U></B> </FONT></P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Euro</U> or <U>&#128;</U>: the lawful currency of the Participating
Member States introduced in accordance with EMU Legislation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Event of Default</U>: as defined in<B>
Section</B><B></B><B>&nbsp;11</B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Excess Amount</U>: as defined in <B>Section</B><B></B><B>&nbsp;5.13</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Exchange Rate</U>: on any date of determination, with respect to Canadian Dollars, British Pounds, Euros, Swiss Francs or
another foreign currency in relation to Dollars, the Spot Rate for Canadian Dollars, British Pounds, Euros, Swiss Francs or such other foreign currency, as applicable. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Excluded Intellectual Property</U>: any Intellectual Property: (i)&nbsp;owned by travisMathew or Travis Mathew Retail as of
the Third Amended Original Closing Date; (ii)&nbsp;hereafter developed by travisMathew or Travis Mathew Retail (and unrelated to any Intellectual Property of the Obligors (other than travisMathew or Travis Mathew Retail) as of the Third Amended
Original Closing Date); or (iii)&nbsp;related to the brands of travisMathew or Travis Mathew Retail as of the Third Amended Original Closing Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&#147;</STRIKE></FONT></B><U>Excluded Property</U><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&#148;</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE> shall mean</STRIKE></FONT></B><B><U>: </U></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any permit or license issued by a Governmental Authority to
any U.S. Domiciled Obligor or any agreement to which any U.S. Domiciled Obligor is a party, in each case, only to the extent and for so long as the terms of such permit, license or agreement or any requirement of law applicable thereto, validly
prohibit the creation by such U.S. Domiciled Obligor of a security interest in such permit, license or agreement in favor of the Agent (after giving effect to Sections <FONT STYLE="white-space:nowrap">9-406(d),</FONT>
<FONT STYLE="white-space:nowrap">9-407(a),</FONT> <FONT STYLE="white-space:nowrap">9-408(a)</FONT> or <FONT STYLE="white-space:nowrap">9-409</FONT> of the UCC (or any successor provision or provisions) or any other applicable law (including the U.S.
Bankruptcy Code) or principles of equity); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;assets
owned by any U.S. Domiciled Obligor on the date hereof or hereafter acquired and any proceeds thereof that are subject to a Lien permitted by <B>Section</B><B></B><B>&nbsp;10.2.1</B><B>(</B><B>j</B><B>)</B> or
<B>Section</B><B></B><B>&nbsp;10.2.1</B><B>(</B><B>p</B><B>)</B> of the Credit Agreement to the extent and for so long as the contract or other agreement in which such Lien is granted (or the documentation providing for the Capital Lease, <FONT
STYLE="white-space:nowrap">Off-Balance</FONT> Sheet Liability or purchase money obligation subject to such Lien) validly prohibits the creation of any other Lien on such assets and proceeds; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any Equity Interests of a Foreign Subsidiary to the extent
and for so long as the pledge thereof to the Agent would constitute an investment of earnings in United States property under Section&nbsp;956 (or a successor provision) of the Code, which investment would or could reasonably be expected to trigger
a material increase in the net income of a United States shareholder of such Foreign Subsidiary pursuant to Section&nbsp;951 (or a successor provision) of the Code, as reasonably determined by the Agent; <U>provided</U> that, this clause
(c)&nbsp;shall not apply to (a)&nbsp;voting stock of any Subsidiary which is a first-tier controlled foreign corporation (as defined in Section&nbsp;957(a) of the Code) representing 65% of the total voting power of all outstanding voting stock of
such Subsidiary and (b) 100% of the Equity Interests not constituting voting stock of any such Subsidiary, except that any such Equity Interests constituting &#147;stock entitled to vote&#148; within the meaning of Treasury Regulation <FONT
STYLE="white-space:nowrap">Section&nbsp;1.956-2(c)(2)</FONT> shall be treated as voting stock for purposes of this clause (c); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">intent-to-use</FONT></FONT> trademark application to the extent and for so long as creation by a U.S. Domiciled Obligor of a security interest therein would result in the loss by such U.S. Domiciled Obligor of any material
rights therein; </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any fee
owned real property (other than Material Real Property and the <FONT STYLE="white-space:nowrap">fee-owned</FONT> real property located at 2180 Rutherford Road, Carlsbad, CA 92008), and any leasehold rights and interests in such real property; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Margin Stock; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;motor vehicles and other assets subject to certificates of
title other than to the extent a security interest therein can be perfected by a UCC filing; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;pledges and security interests prohibited by applicable
law, rule, regulation or contractual obligation after giving effect to the anti-assignment provisions of the UCC and other applicable law; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;those assets as to which the Agent and the Borrowers
reasonably agree that the cost or other consequence (including any adverse tax consequences to the Borrowers or any of their Subsidiaries) of obtaining such a security interest or perfection thereof are excessive in relation to the value afforded
thereby; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>provided</U>, <U>however</U>, that Excluded Property shall not include any Proceeds, substitutions or
replacements of any Excluded Property referred to in clause (a), (b), (c), (d), (e), (f), (g), (h) or (i) (unless such Proceeds, substitutions or replacements would constitute Excluded Property referred to in clauses (a), (b), (c), (d), (e), (f),
(g), (h) or (i)). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Excluded Stock Repurchases</U>: any Common Stock Repurchases made, or dividends paid on
Parent&#146;s common stock, in accordance with Section<B>&nbsp;10.2.6(g)</B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Excluded Subsidiary</U>: <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>(i)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;
for the period commencing on the Fourth Amendment to Fourth Amended and Restated Effective Date and ending on the sooner to occur of (A)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;the consummation of the Top Golf Acquisition, and (B)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;the date that is five (5)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Business Days after the Termination Date (as defined in the Top Golf Acquisition Agreement) (or such later date as agreed by Agent in its sole discretion), 51 Steps, Inc., a Delaware
corporation
(</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&#147;</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE><FONT STYLE="font-family:Times New Roman"><strike><u>Merger
Sub</u></strike></FONT></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&#148;</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>), and (ii)</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;effective immediately upon the consummation of the Top Golf
Acquisition,</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE> </STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:11pt">each of Top Golf and each entity at least 50% of whose voting securities or Equity Interests are on such date or thereafter owned by Top Golf (including indirect ownership by Top Golf through other
entities in which Top Golf directly or indirectly owns at least 50% of the voting securities or Equity Interests); <I>provided,</I> that (a)&nbsp;no Subsidiary of Parent in existence as of the Fourth Amendment to Fourth Amended and Restated
Effective Date (other than Merger Sub) will be an Excluded Subsidiary, and (b)&nbsp;no Obligor will be an Excluded Subsidiary at any time. </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Excluded Swap Obligation</U>: with respect to an Obligor, each Swap Obligation as to which, and only to the extent that,
such Obligor&#146;s guaranty of or grant of a Lien as security for such Swap Obligation is or becomes illegal under the Commodity Exchange Act because the Obligor does not constitute an &#147;eligible contract participant&#148; as defined in the Act
(determined after giving effect to any keepwell, support or other agreement for the benefit of such Obligor and all guarantees of Swap Obligations by other Obligors) when such guaranty or grant of Lien becomes effective with respect to the Swap
Obligation. If a Hedging Agreement governs more than one Swap Obligation, only the Swap Obligation(s) or portions thereof described in the foregoing sentence shall be Excluded Swap Obligation(s) for the applicable Obligor. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Excluded Tax</U>: with respect to Agent, any Lender, any Issuing Bank or any other recipient of a payment to be made by or
on account of any Obligation, (a)&nbsp;taxes imposed on or measured by its overall net income (however denominated), and franchise taxes imposed on it (in lieu of net income taxes), by the </P>
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jurisdiction (or any political subdivision thereof) under the laws of which such recipient is organized or in which its principal office is located or, in the case of any Lender, in which its
applicable Lending Office is located; (b)&nbsp;any branch profits taxes imposed by the United States or any similar tax imposed by any other jurisdiction in which Borrower Agent is located; (c)&nbsp;any backup withholding tax required by the Code to
be withheld from amounts payable to a Lender that has failed to comply with <B>Section</B><B></B><B>&nbsp;5.10</B>; (d) in the case of a Foreign Lender, any United States withholding tax that is (i)&nbsp;required pursuant to laws in force at the
time such Lender becomes a Lender (or designates a new Lending Office) hereunder, or (ii)&nbsp;attributable to such Lender&#146;s failure or inability (other than as a result of a Change in Law) to comply with <B>Section</B><B></B><B>&nbsp;5.10</B>,
except to the extent that such Foreign Lender (or its assignor, if any) was entitled, at the time of designation of a new Lending Office (or assignment), to receive additional amounts from Borrowers with respect to such withholding tax; and
(e)&nbsp;any U.S. federal withholding Taxes imposed under FATCA. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><U>Existing Letters of Credit: those letter(s) of credit
described on Schedule <FONT STYLE="white-space:nowrap">E-1.</FONT></U></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Expeditors</U>: Expeditors International of Washington, Inc., a Washington corporation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><strike><u>Existing Letters of Credit</u></strike></FONT></B><FONT
STYLE="font-family:Times New Roman"><B><STRIKE>: those letter(s) of credit described on Schedule E-1.</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Extraordinary Expenses</U>: all costs, expenses or advances that Agent or any Lender may incur during a Default or Event of
Default, or during the pendency of an Insolvency Proceeding of an Obligor, including those relating to (a)&nbsp;any audit, inspection, repossession, storage, repair, appraisal, insurance, manufacture, preparation or advertising for sale, sale,
collection, or other preservation of or realization upon any Collateral; (b)&nbsp;any action, arbitration or other proceeding (whether instituted by or against Agent, any Lender, any Obligor, any representative of creditors of an Obligor or any
other Person) in any way relating to any Collateral (including the validity, perfection, priority or avoidability of Agent&#146;s Liens with respect to any Collateral), Loan Documents, Letters of Credit or Obligations, including any lender liability
or other Claims; (c)&nbsp;the exercise, protection or enforcement of any rights or remedies of Agent or any Lender in, or the monitoring of, any Insolvency Proceeding; (d)&nbsp;settlement or satisfaction of any taxes, charges or Liens with respect
to any Collateral; (e)&nbsp;any Enforcement Action; (f)&nbsp;negotiation and documentation of any modification, waiver, workout, restructuring or forbearance with respect to any Loan Documents or Obligations; and (g)&nbsp;Protective Advances. Such
costs, expenses and advances include transfer fees, Other Taxes, storage fees, insurance costs, permit fees, utility reservation and standby fees, legal fees, appraisal fees, brokers&#146; fees and commissions, auctioneers&#146; fees and
commissions, accountants&#146; fees, environmental study fees, wages and salaries paid to employees of any Obligor or independent contractors in liquidating any Collateral, and travel expenses. Notwithstanding the forgoing, absent a conflict of
interest among Lenders, Extraordinary Expenses shall not include (i)&nbsp;legal fees for more than one counsel to the Lenders (plus any local counsel deemed necessary by the Lenders) in addition to any counsel engaged by Agent or (ii)&nbsp;other
costs, expenses or advances incurred by any Lender to the extent unreasonably duplicative of such costs, expenses or advances incurred by the Agent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Facility Termination Date</U>: May&nbsp;17, 2024. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>FATCA</U>: Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version
that is substantially comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any agreements entered into pursuant to Section&nbsp;1471(b)(1) of the Code. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Federal Funds Rate</U>:
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>(a)</STRIKE></FONT></B><B><U>for any day,</U></B> the <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>weighted average of interest
rates</STRIKE></FONT></B><B><U>per annum rate calculated by FRBNY based</U></B> on <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>overnight</STRIKE></FONT></B><B><U>such day&#146;s</U></B> federal funds transactions <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>with members of the Federal Reserve System arranged by federal funds brokers on the applicable Business Day (or on the preceding Business Day, if the applicable day is not a Business Day),
as published</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE> </STRIKE></FONT></B> </P>
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<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>by the Federal Reserve Bank of New York on the next Business Day; or (b)</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;if no such rate is</STRIKE></FONT></B><B><U>by depository institutions (as determined in such
manner as FRBNY shall set forth on its public website from time to time) and</U></B> published on the next Business Day<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>,</STRIKE></FONT></B><B><U> by FRBNY as</U></B> the <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>average rate (rounded up, if necessary, to the nearest 1/8 of 1%) charged to Bank of America on the applicable day on such transactions, as determined by
Agent</STRIKE></FONT></B><B><U>federal funds effective rate</U></B>; <U>provided</U>, that in no event shall the Federal Funds Rate be less than zero. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Fee Letters</U>: each fee letter agreement between Agent and Borrowers (or any of them). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE><FONT STYLE="font-family:Times New Roman"><strike><u>Fifth Amendment to Fourth Amended and Restated Loan
Agreement</u></strike></FONT></STRIKE><FONT STYLE="font-family:Times New Roman"><STRIKE>: that certain Fifth Amendment to Fourth Amended and Restated Loan and Security Agreement dated as of the Fifth Amendment to Fourth Amended and
Restated</STRIKE></FONT><STRIKE></STRIKE><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE> Effective Date, by and among the Borrowers, the Agent and the </STRIKE></FONT><FONT STYLE="font-family:Times New Roman"><STRIKE>Lenders and
other parties thereto.</STRIKE></FONT> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE><FONT
STYLE="font-family:Times New Roman"><strike><u>Fifth Amendment to Fourth Amended and Restated Effective Date</u></strike></FONT></STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>: December 16,
2021.</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Financial Administration Act</U>: the Financial Administration Act (Canada) and all regulations and schedules thereunder.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>First Amendment to Second Amended and Restated Effective Date</U>: June&nbsp;11, 2012. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>First Amendment to Third Amended and Restated Effective Date</U>: November&nbsp;29, 2018. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Fiscal Quarter</U>: each period of three months, commencing on the first day of a Fiscal Year. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Fiscal Year</U>: the fiscal year of Parent and its Subsidiaries for accounting and tax purposes, ending on December&nbsp;31
of each year. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Fixed Charge Coverage Ratio</U>: the ratio, determined on a consolidated basis for Parent and its
Subsidiaries for the most recent twelve calendar months, of (a)&nbsp;EBITDA <U>minus</U> Capital Expenditures (except those financed with Borrowed Money other than
Revolver<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE> Loans or Term</STRIKE></FONT></B> Loans) and cash taxes paid (which amount may not
be less than zero), to (b)&nbsp;Fixed Charges; provided, however, that solely for the purposes of calculating the Fixed Charge Coverage Ratio under Section&nbsp;10.3, Fixed Charges shall not include any Excluded Stock Repurchases. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Fixed Charges</U>: the sum of cash interest expense, principal payments made on Borrowed Money (other than voluntary
prepayments, prior to the scheduled maturity thereof, of Debt permitted under clauses (r)&nbsp;or (s) of Section&nbsp;10.2.3), and Distributions made (other than Distributions made to Obligors to the extent permitted hereunder). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>FLSA</U>: the Fair Labor Standards Act of 1938. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Flood Laws</U>: the National Flood Insurance Act of 1968, Flood Disaster Protection Act of 1973 and related laws. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Foreign Base Rate</U>: for any day, the reference rate for German Base Rate Loans or U.K.<B><U>/Dutch</U></B> Base Rate
Loans, being a fluctuating rate of interest per annum equal to the rate of interest in effect for such day as announced from time to time by the local branch of Bank of America in the jurisdiction in which such currency is funded as its &#147;base
rate&#148; with respect to such currency; <U>provided</U>, that in no event shall the </P>
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Foreign Base Rate be less than zero. Any change in such rate shall take effect at the opening of business on the day of such change. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Foreign Lender</U>: any Lender that is (a)&nbsp;in the case of the U.S. Borrowers, organized under the laws of a
jurisdiction other than the laws of the United States, or any state or district thereof, (b)&nbsp;in the case of the Canadian Borrower, not a Canadian Qualified Lender, and (c)&nbsp;in the case of the U.K. Borrower, not a U.K. Qualified Lender. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Foreign Plan</U>: any employee benefit plan or arrangement (a)&nbsp;maintained or contributed to by any Obligor or
Subsidiary that is not subject to the laws of the United States or Canada; or (b)&nbsp;mandated by a government other than the United States or Canada for employees of any Obligor or Subsidiary. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Foreign Subsidiary</U>: a Subsidiary of Parent that is a &#147;controlled foreign corporation&#148; under Section&nbsp;957
of the Code. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Fourth Amendment to Fourth Amended and Restated Credit Agreement: that certain Fourth Amendment to Fourth
Amended and Restated Credit Agreement dated as of the Fourth Amendment to Fourth Amended and Restated Effective Date by and among Parent, the other Obligors party thereto, Agent and the Lenders party thereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Fourth Amendment to Fourth Amended and Restated Effective Date: October&nbsp;27, 2020. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>FRBNY: the Federal Reserve Bank of New York.</U></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Fronting Exposure</U>: a Defaulting Lender&#146;s Pro Rata share of U.S. LC Obligations, Canadian LC Obligations, German LC
Obligations, U.K.<B><U>/Dutch</U></B> LC Obligations, U.S. Swingline Loans, Canadian Swingline Loans, German Swingline Loans, or U.K.<B><U>/Dutch</U></B> Swingline Loans, as applicable, except to the extent allocated to other Lenders under
<B>Section</B><B></B><B>&nbsp;4.2</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman"><strike><u>FSCO</u></strike></FONT></B><B><U>FSRA</U></B>: the Financial Services
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>Commission</STRIKE></FONT></B><B><U>Regulatory Authority</U></B> of Ontario or like body in any other province<B><U> or territory</U></B> of Canada and any other Governmental
Authority succeeding to the functions thereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Full Payment</U>: with respect to any Obligations, (a)&nbsp;the full
and indefeasible cash payment thereof in the applicable currency required hereunder, including any interest, fees and other charges accruing during an Insolvency Proceeding (whether or not allowed in the proceeding); (b) if such Obligations are LC
Obligations or inchoate or contingent in nature, Cash Collateralization thereof (or delivery of a standby letter of credit acceptable to Agent in its discretion, in the amount of required Cash Collateral); and (c)&nbsp;a release of any Claims of
Obligors against Agent, Lenders and Issuing Banks arising on or before the payment date. No Loans shall be deemed to have been paid in full until all Commitments related to such Loans have expired or been terminated. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Funded Debt: as of any date of determination, all Debt for borrowed money of Parent and its Subsidiaries, determined on a
consolidated basis in accordance with GAAP. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>GAAP</U>: generally accepted accounting principles in effect in the United
States<B><U> or the Netherlands (if applicable)</U></B> from time to time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>General Intangibles</U>: as defined in the
UCC (and/or with respect to any General Intangible of a Canadian Subsidiary, an &#147;intangible&#148; as defined in the PPSA). </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Account Pledge Agreement</U>: each German law account pledge
agreement executed and delivered by a relevant German Facility Obligor in favor of the Agent, substantially in the form of <B>Exhibit F</B><B><FONT STYLE="white-space:nowrap">-1</FONT></B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Accounts Formula Amount</U>: (a)&nbsp;as of any date of determination within the period beginning on May&nbsp;1
through and including October&nbsp;31 of each Fiscal Year, 85% of the Value of Eligible Accounts of the German Borrower; and (b)&nbsp;as of any date of determination within the period beginning on November&nbsp;1 through and including April&nbsp;30
of each Fiscal Year, 90% of the Value of Eligible Accounts of the German Borrower. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Availability</U>: as of any
date of determination, the German Borrowing Base as of such date of determination <U>minus</U> the aggregate principal amount of all German Revolver Loans outstanding on such date of determination. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Availability Reserve</U>: the sum (without duplication) of (a)&nbsp;the Inventory Reserve with respect to the German
Borrower&#146;s Inventory; (b)&nbsp;the German Rent and Charges Reserve; (c)&nbsp;the German LC Reserve; (d)&nbsp;the German Bank Product Reserve; (e)&nbsp;all accrued Royalties of the German Domiciled Obligors, whether or not then due and payable
by a German Domiciled Obligor; (f)&nbsp;the aggregate amount of liabilities secured by Liens upon German Facility Collateral that are senior to the Agent&#146;s Liens (but imposition of any such reserve shall not waive an Event of Default arising
therefrom); (g) the German Dilution Reserve; (h)&nbsp;the German Top Golf Reserve; (i)&nbsp;a reserve for fees payable to an insolvency administrator pursuant to the Applicable Law in Germany; (j)&nbsp;a reserve on account of any form of retention
of title arrangements; (k)&nbsp;the amount of any applicable sales tax including any applicable VAT; and (l)&nbsp;such additional reserves, in such amounts and with respect to such matters, as Agent in its Credit Judgment may elect to impose from
time to time with respect to the German Borrowing Base. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Bank Product Reserve</U>: the aggregate amount of
reserves established by Agent from time to time in its discretion in respect of Secured Bank Product Obligations owing by the German Domiciled Obligors and their Subsidiaries. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Base Rate Loan</U>: a German Revolver Loan, or portion thereof, funded in Dollars and bearing interest calculated by
reference to the Foreign Base Rate. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Borrower</U>: as defined in the preamble to this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Borrowing Base</U>: on any date of determination, an amount<B> </B>equal to the lesser of (a)&nbsp;the result of:
(i)&nbsp;the Maximum German Facility Amount, <U>minus</U> (ii)&nbsp;the German LC Reserve, minus (iii)&nbsp;the German Top Golf Reserve; or (b)&nbsp;the result of: (i)&nbsp;the German Accounts Formula Amount, <U>plus</U> (ii)&nbsp;the German
Inventory Formula Amount, <U>plus</U> (iii) 100% of the amount of German Pledged Cash, <U>minus</U> (iv)&nbsp;the German Availability Reserve. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Borrowing Base Certificate</U>: a certificate, in form and substance satisfactory to Agent, by which the German
Borrower certifies calculation of the German Borrowing Base. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Cash Collateral Account</U>: a demand deposit,
money market or other account established by Agent at Bank of America, N.A. or such other financial institution as Agent may select in its discretion, which account shall be for the benefit of the German Facility Secured Parties and shall be subject
to Agent&#146;s Liens securing the German Facility Obligations. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Dilution Reserve</U>: as of any date of determination, an amount
sufficient to reduce the advance rate against Eligible Accounts of the German Borrower by 1% for each whole percentage point (or portion thereof) by which the Dilution Percent is in excess of 5.0%. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Domiciled Obligor</U>: each German Subsidiary which is at any time an Obligor, and &#147;<U>German Domiciled
Obligors</U>&#148; means all such Persons, collectively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Dominion Account</U>: a special account established by
the German Borrower at Bank of America, N.A. or another bank acceptable to Agent, over which Agent has exclusive control for withdrawal purposes during any Dominion Trigger Period. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Expeditors Reserve</U>: as of any date of determination, the aggregate amount of accounts payable owed by any German
Facility Obligor to Expeditors, as determined by Agent in its Credit Judgment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Facility Collateral</U>: all
Collateral that now or hereafter secures (or is intended to secure) any of the German Facility Obligations, including Property of each German Domiciled Obligor, each U.S. Domiciled Obligor, each U.K.<B><U>/Dutch</U></B> Domiciled Obligor and each
Canadian Domiciled Obligor. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Facility Guarantee</U>: each guarantee agreement (including this Agreement) at any
time executed by a German Facility Guarantor in favor of Agent guaranteeing all or any portion of the German Facility Obligations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Facility Guarantor</U>: Parent, each U.K. <B><U>Subsidiary, each Dutch </U></B>Subsidiary, each Canadian Subsidiary,
each U.S. Subsidiary (other than uPlay unless uPlay becomes a Guarantor in accordance with Section&nbsp;10.2.15), each German Subsidiary, and each other Person (if any) who guarantees payment and performance of any German Facility Obligations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Facility Obligations</U>: all Obligations of the German Facility Obligors (excluding, for the avoidance of doubt,
the Obligations of the U.S. Domiciled Obligors as guarantors of any U.S. Facility Obligations). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Facility
Obligor</U>: each of the German Borrower or any German Facility Guarantor, and &#147;<U>German Facility Obligors</U>&#148; means all of such Persons, collectively. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Facility Secured Parties</U>: the Agent, the German Issuing Bank, the German Lenders and the Secured Bank Product
Providers who provide Bank Products to the German Facility Obligors and their Subsidiaries. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Global
Assignment</U>: each German global assignment executed and delivered by a relevant German Facility Obligor in favor of the Agent, substantially in the form of <B>Exhibit F</B><B><FONT STYLE="white-space:nowrap">-2</FONT></B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Guarantor</U>: as defined in <B>Section</B><B></B><B>&nbsp;5.11.7</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Inventory Formula Amount</U>: as of any date of determination, the lesser of (a)<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;the sum of
(i)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;with respect to Eligible Inventory that has been owned by the
German Borrower for less than one (1)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;calendar year as of the
applicable date of determination, (A)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;for the period beginning on
March 1 through and including September 30 of each Fiscal Year, 65% of the Value of such German Borrower</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&#146;</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>s Eligible Inventory, (B)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;for the period beginning on October 1 through and including February 28 (or February 29, as applicable) of each Fiscal Year,</STRIKE></FONT></B> 75% of the Value of such German
Borrower&#146;s Eligible
Inventory<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE><FONT STYLE="font-family:Times New Roman">,</FONT></STRIKE></FONT>&nbsp;</B><FONT STYLE="font-family:Times New Roman"><strike><u>plus</u></strike></FONT><FONT
STYLE="font-family:Times New Roman"><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;(ii) with respect to</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;</STRIKE></FONT></B> </FONT></P>
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<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>Eligible Inventory that has been owned by the German Borrower for more than one (1)</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;calendar year, as of the applicable date of determination, 50% of the Value of such German
Borrower</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&#146;</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>s Eligible Inventory; or</STRIKE></FONT></B><B><U>
and</U></B> (b) 85% of the NOLV Percentage of the Value of the German Borrower&#146;s Eligible Inventory. Notwithstanding the foregoing, the aggregate amount of the German Inventory Formula Amount which may be attributed to Eligible <FONT
STYLE="white-space:nowrap">In-Transit</FONT> Inventory (the &#147;<U>German <FONT STYLE="white-space:nowrap">In-Transit</FONT> Availability</U>&#148;) shall not exceed
$<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>2,000,000</STRIKE></FONT></B><B><U>5,000,000</U></B>; <U>provided</U> that<I>,</I> the German <FONT STYLE="white-space:nowrap">In-Transit</FONT> Availability (after taking into
effect the previous proviso) shall be reduced by the German Expeditors Reserve if, as of any date of determination, either (I)&nbsp;German Net Excess Availability is less than 10% of the Maximum German Facility Amount, or (II)&nbsp;there are any
accounts payable owed by any German Facility Obligor to Expeditors which are aged in excess of historical levels (except in cases of good faith disputes). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Issuing Bank</U>: Bank of America or an Affiliate of Bank of America. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German LC Obligations</U>: the sum (without duplication) of (a)&nbsp;all amounts owing by the German Borrower for any
drawings under Letters of Credit; (b)&nbsp;the stated amount of all outstanding Letters of Credit issued for the account of the German Borrower, which if such Letter of Credit is denominated in a currency other than Dollars, British Pounds, Swiss
Francs or Euros, may be stated by Agent (at its option) in Dollars, British Pounds, Swiss Francs or Euros calculated at the Spot Rate; and (c)&nbsp;all fees and other amounts owing with respect to Letters of Credit issued for the account of the
German Borrower. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German LC Reserve</U>: the aggregate of all German LC Obligations, other than those that have been
Cash Collateralized. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Lenders</U>: each Lender that has issued a German Revolver Commitment (provided that such
Person or an Affiliate of such Person also has a U.S. Revolver Commitment). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Letter of Credit Subline</U>:
$2,000,000. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Letters of Credit</U>: any standby or documentary letter of credit issued by the German Issuing
Bank for the account of the German Borrower, or any indemnity, guarantee, exposure transmittal memorandum or similar form of credit support issued by Agent or the German Issuing Bank for the benefit of the German Borrower or any of its Subsidiaries.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Management Confirmation</U>: as defined in <B>Section</B><B></B><B>&nbsp;5.11.7</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Net Excess Availability</U>: as of any date of determination, an amount equal to the German Availability
<U>minus</U> the aggregate amount, if any, of all trade payables of German Domiciled Obligors that are more than 60 days past due (or such later date as Agent may approve in its sole discretion) and all book overdrafts of German Domiciled Obligors
in excess of historical practices with respect thereto, in each case as determined by Agent in its Credit Judgment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Overadvance</U>: as defined in <B>Section</B><B></B><B>&nbsp;2.1.5</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Overadvance Loan</U>: a German Revolver Loan made to the German Borrower when a German Overadvance exists or is
caused by the funding thereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Overadvance Loan Balance</U>: on any date, the amount by which the aggregate
German Revolver Exposure exceeds the amount of the German Borrowing Base on such date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Pledged Cash</U>: the
funds maintained in a blocked Deposit Account or securities account of the German Borrower subject to a Deposit Account Control Agreement or securities account control </P>
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agreement, as applicable, which give Agent at all times exclusive access and control for withdrawal purposes to the exclusion of the German Borrower and precluding the German Borrower from
withdrawing or otherwise giving any instructions in connection therewith and which may not be withdrawn without the Agent&#146;s prior written consent (such consent not to be unreasonably withheld if (i)&nbsp;upon and after giving effect to such
withdrawal, no Default or Event of Default shall have occurred and be continuing and (ii)&nbsp;immediately after such withdrawal (for clarification, including after giving effect to any recalculation of the German Borrowing Base upon giving effect
to such withdrawal), German Availability would be a positive number), and which are subject to effective security documents, in form and substance satisfactory to Agent, that provide Agent with an unencumbered perfected first priority/ranking
security interest in and Lien on such funds<B><U> (subject to Liens of the depository bank having priority by law)</U></B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Reimbursed Foreign Currency</U>: as defined in <B>Section</B><B></B><B>&nbsp;2.5.2</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Reimbursement Date</U>: as defined in <B>Section</B><B></B><B>&nbsp;2.5.2</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Relevant Party</U>: any Obligor that qualifies as a resident party domiciled in Germany
(<I>Inl</I><I>&auml;</I><I>nder</I>) within the meaning of section 2 paragraph 15 German Foreign Trade Act (<I>Au</I><I>&szlig;</I><I>enwirtschaftgesetz</I>) (including any of its directors, managers, officers, agents and employees). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Rent and Charges Reserve</U>: the aggregate of (a)&nbsp;all past due rent and other amounts owing by an Obligor to
any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any German Facility Collateral or could assert a Lien on any German Facility Collateral; and (b)&nbsp;a reserve at least
equal to three months&#146; rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Required Lenders</U>: German Lenders (subject to <B>Section</B><B></B><B>&nbsp;4.2</B>) having (a)&nbsp;German
Revolver Commitments in excess of 50% of the aggregate German Revolver Commitments; and (b)&nbsp;if the German Revolver Commitments have terminated, German Revolver Loans and German LC Obligations in excess of 50% of all outstanding German Revolver
Loans and German LC Obligations; <U>provided</U>, <U>however</U>, that the German Revolver Commitments and German Revolver Loans of any Defaulting Lender shall be excluded from such calculation; <U>provided</U>, <U>further</U>, that at any time
there are: (i) 3 or more German Lenders, &#147;German Required Lenders&#148; must include at least 3 German Lenders, and (ii)&nbsp;less than 3 German Lenders, &#147;German Required Lenders&#148; must include all German Lenders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Revolver Commitment</U>: for any German Lender, its obligation to make German Revolver Loans and to participate in
German LC Obligations, in the applicable Available Currencies, up to the maximum principal amount shown on <B>Schedule 1.1</B>, or as hereafter determined pursuant to each Assignment and Acceptance to which it is a party, as such German Revolver
Commitment may be adjusted from time to time in accordance with the provisions of <B>Sections 2.1.4 </B>or <B>11.2</B>. &#147;<U>German Revolver Commitments</U>&#148; means the aggregate amount of such commitments of all German Lenders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Revolver Commitment Termination Date</U>: the earliest of (a)&nbsp;the U.S. Revolver Commitment Termination Date
(without regard to the reason therefor), (b) the date on which the Borrower Agent terminates or reduces to zero all of the German Revolver Commitments pursuant to <B>Section</B><B></B><B>&nbsp;2.1.4</B>, and (c)&nbsp;the date on which the German
Revolver Commitments are terminated pursuant to <B>Section</B><B></B><B>&nbsp;11.2</B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Revolver Exposure</U>:
on any date, an amount equal to the sum of the Dollar Equivalent of the German Revolver Loans outstanding on such date <U>plus</U> the German LC Obligations on such date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Revolver Loan</U>: a Revolver Loan made by German Lenders to the German Borrower pursuant to
<B>Section</B><B></B><B>&nbsp;2.1.1(c)</B>, which Revolver Loan shall be either a German Base Rate Loan (which shall </P>
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be denominated in Dollars
only)<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;or</STRIKE></FONT></B><B><U>,</U></B> a <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR</U></B> Loan (which <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>may</STRIKE></FONT></B><B><U>shall</U></B> be denominated
in Dollars<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>,</STRIKE></FONT></B><B><U> only), a SONIA Loan (which shall be denominated in</U></B> British
Pounds<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>,</STRIKE></FONT></B><B><U> only), a SARON Loan (which shall be denominated in</U></B> Swiss Francs <B><U>only) </U></B>or <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>Euros, as selected by the Borrower Agent</STRIKE></FONT></B><B><U>a EURIBOR Loan (which shall be denominated in Euros
only</U></B>)<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>,</STRIKE></FONT></B> and any German Swingline Loan, German Overadvance Loan or Protective Advance made to or owed by the German Borrower. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Revolver Notes</U>: a promissory note executed by the German Borrower in favor of a German Lender in the form of
<B>Exhibit <FONT STYLE="white-space:nowrap">A-4</FONT></B>, in the amount of such German Lender&#146;s German Revolver Commitment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Security Documents</U>: each German Account Pledge Agreement, each German Global Assignment, each German Security
Transfer Agreement and all other documents, instruments and agreements governed by the laws of Germany or England and Wales now or hereafter securing any German Facility Obligations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Security Transfer Agreement</U>: each security transfer agreement executed and delivered by a relevant German
Facility Obligor in favor of the Agent, substantially in the form of <B>Exhibit F</B><B><FONT STYLE="white-space:nowrap">-3</FONT></B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Subsidiary</U>: a Subsidiary of Parent incorporated or organized under the laws of Germany. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Swingline Loan</U>: any Borrowing of German Base Rate Loans funded with Agent&#146;s<B> </B>funds, until such
Borrowing is settled among the German Lenders or repaid by the German Borrower. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Top Golf Reserve</U>: a reserve
established by Agent at Parent&#146;s request in accordance with the definition of Top Golf Proceeds, in an initial amount as of such establishment equal to $0. The German Top Golf Reserve (a)&nbsp;shall be reduced on a dollar for dollar basis for
the amount expended in connection with (x)&nbsp;any Common Stock Repurchases made, or dividends paid on Parent&#146;s common stock, in each case after the Third Amendment to Second Amended and Restated Effective Date in accordance with
Section&nbsp;10.2.6(g)(ii)(D) and (y)&nbsp;any Investments made after the Third Amendment to Second Amended and Restated Effective Date in accordance with Section&nbsp;10.2.2(k)(ii)(D); (b) may be permanently reduced from time to time upon
Parent&#146;s written request to Agent; and (c)&nbsp;subject to Agent&#146;s written consent (such consent not to be unreasonably withheld if (i)&nbsp;upon and after giving effect to such adjustment, no Default or Event of Default shall have
occurred and be continuing, and (ii)&nbsp;immediately after such adjustment (for clarification, including after giving effect to any recalculation of the Canadian Borrowing Base, U.K.<B><U>/Dutch</U></B> Borrowing Base and U.S. Borrowing Base upon
giving effect to such adjustment), Canadian Availability, U.K.<B><U>/Dutch</U></B> Availability and U.S. Availability would be a positive number), may be reallocated on a dollar for dollar basis to the Canadian Top Golf Reserve, the
U.K.<B><U>/Dutch</U></B> Top Golf Reserve and/or the U.S. Top Golf Reserve upon Parent&#146;s written request to Agent; provided, however, that once reduced pursuant to clause (b)&nbsp;above, the German Top Golf Reserve may not be increased. The
parties agree that the German Top Golf Reserve shall never be less than zero <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">(-0-).</FONT></FONT> For clarification, the aggregate amount of the German Top Golf Reserve, the Canadian
Top Golf Reserve, the U.K.<B><U>/Dutch</U></B> Top Golf Reserve, and the U.S. Top Golf Reserve may not exceed an amount equal to the aggregate amount of Top Golf Proceeds received by Parent as reflected in all Top Golf Proceeds Notices (less any
amounts Parent elects to deposit into the Top Golf Blocked Account) less all amounts expended in connection with (x)&nbsp;any Common Stock Repurchases made, or dividends paid on Parent&#146;s common stock, in each case after the Third Amendment to
Second Amended and Restated Effective Date in accordance with Section&nbsp;10.2.6(g) and (y)&nbsp;any Investments made after the Third Amendment to Second Amended and Restated Effective Date in accordance with Section&nbsp;10.2.2(k) and less all
permanent reductions elected by Parent pursuant to clause (b)&nbsp;of each of the definitions of German Top Golf Reserve, Canadian Top Golf Reserve, U.K.<B><U>/Dutch</U></B> Top Golf Reserve, and U.S. Top Golf Reserve. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>German Unused Line Fee Rate</U>: a per annum rate equal to 0.25%. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Governmental Approvals</U>: all authorizations, consents, approvals, licenses and exemptions of, registrations and filings
with, and required reports to, all Governmental Authorities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Governmental Authority</U>: any federal, state,
provincial, <B><U>territorial, local, </U></B>municipal, foreign or other governmental department, agency, commission, board, bureau, court, tribunal, instrumentality, political subdivision, or other entity or officer exercising executive,
legislative, judicial, regulatory or administrative functions for or pertaining to any government or court, in each case whether it is or is not associated with the United States, a state, district or territory thereof, Canada, a province or
territory thereof<B><U>,</U></B> or any other foreign entity or government. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Guarantee</U>: each guarantee agreement
(including this Agreement, the Canadian Facility Guarantee, the German Facility Guarantee and the U.K.<B><U>/Dutch</U></B> Facility Guarantee) executed by a Guarantor in favor of Agent guaranteeing all or any portion of any Canadian Facility
Obligation, U.S. Facility Obligation, German Facility Obligation or U.K. Facility Obligation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Guarantor Payment</U>:
as defined in <B>Section</B><B></B><B>&nbsp;5.11</B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Guarantors</U>: Canadian Facility Guarantors, U.S. Facility
Guarantors, U.K.<B><U>/Dutch</U></B> Facility Guarantors, German Facility Guarantors, and each other Person who guarantees payment or performance of any Obligations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Hedging Agreement</U>: any &#147;swap agreement&#148; as defined in Section&nbsp;101(53B)(A) of the U.S. Bankruptcy Code.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Immaterial Subsidiary</U>: at any time, any Subsidiary of Parent that is not a Material Subsidiary. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>Immediate Family Member: with respect to any individual, such individual</U></B><B><U>&#146;</U></B><B><U>s child,
stepchild, grandchild or more remote descendant, parent, stepparent, grandparent, spouse, former spouse, domestic partner, former domestic partner, sibling,
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">mother-in-law,</FONT></FONT> <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">father-in-law,</FONT></FONT> <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">son-in-law</FONT></FONT> and <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">daughter-in-law</FONT></FONT> (including adoptive relationships), any trust, partnership or other bona fide estate-planning
vehicle the only beneficiaries of which are any of the foregoing individuals, such individual</U></B><B><U>&#146;</U></B><B><U>s estate (or an executor or administrator acting on its behalf), heirs or legatees or any private foundation or fund that
is controlled by any of the foregoing individuals or any donor-advised fund of which any such individual is the donor.</U></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Indemnified Taxes</U>: Taxes other than Excluded Taxes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Indemnitees</U>: Agent Indemnitees, Lender Indemnitees, Issuing Bank Indemnitees and Bank of America Indemnitees. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Insolvency Proceeding</U>: any case or proceeding or proposal commenced by or against a Person under any state, provincial,
federal or foreign law for, or any agreement of such Person to, (a)&nbsp;the entry of an order for relief under the U.S. Bankruptcy Code, or any other insolvency, debtor relief, bankruptcy, receivership, debt adjustment law<B><U> (including
corporate statutes)</U></B> or other similar law (whether state, provincial, federal or foreign), including the Bankruptcy and Insolvency Act (Canada), the Companies&#146; Creditors Arrangement Act (Canada), <B><U>the
<FONT STYLE="white-space:nowrap">Winding-up</FONT> and Restructuring Act (Canada), </U></B>the United Kingdom Insolvency Act 1986 and/or the Enterprise Act 2002; (b) the appointment of a Creditor Representative or other custodian for such Person or
any part of its Property; (c)&nbsp;an assignment or trust mortgage for the benefit of creditors; or (d)&nbsp;in case of a German Domiciled Obligor, any petition for </P>
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insolvency proceedings in respect of its assets <I>(Antrag auf Er&ouml;ffnung eines Insolvenzverfahrens) </I>is filed in relation to such German Domiciled Obligor. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Intellectual Property</U>: all intellectual and similar Property of a Person, including inventions, designs, patents,
copyrights (and all associated moral and neighboring rights), mask works, industrial design rights, trademarks and service marks (together with all associated goodwill), trade names, trade dress, domain names, trade secrets, confidential or
proprietary information, customer lists, <FONT STYLE="white-space:nowrap">know-how,</FONT> software and databases; all embodiments or fixations thereof and all related documentation, applications, registrations and franchises; all licenses or other
rights to use any of the foregoing; and all books and records relating to the foregoing. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Intellectual Property
</U>Claim: any claim or assertion (whether in writing, by suit or otherwise) that an Obligor&#146;s or Subsidiary&#146;s ownership, use, marketing, sale or distribution of any Inventory, Equipment, Intellectual Property or other Property violates
another Person&#146;s Intellectual Property. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Intercreditor Agreement:</U> that certain Intercreditor Agreement dated
as of the Second Amendment to Third Amended and Restated Effective Date between Agent and the Term Loan Collateral Agent, relating to the Debt permitted under Section&nbsp;10.2.3(s). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman"><strike><u><B>Interest Payment Date</B></u></strike></FONT><FONT
STYLE="font-family:Times New Roman"><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>: (a)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;as to any Alternative Currency Daily Rate Loan, the first day of each month and the applicable maturity date set forth in this Agreement and (b)</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;as to any Alternative Currency Term Rate Loan, the last day of each Interest Period applicable
to such
Loan;</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><I></I></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;</STRIKE></B><I><STRIKE>provided,
however</STRIKE></I><B><STRIKE>,</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><I></I></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;that if any Interest Period for an Alternative Currency Term Rate Loan exceeds three months, the respective dates that fall every three months after the beginning of such Interest
Period shall be Interest Payment Dates.</STRIKE></FONT></B> </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Interest Period</U>: as defined in
<B>Section</B><B></B><B>&nbsp;3.1.4</B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Interest Period Loans</U>:&nbsp;&nbsp;&nbsp;&nbsp; <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR Loans, EURIBOR</U></B> Loans or Canadian BA Rate Loans.</P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Inventory</U>: as defined in the UCC (and/or with respect to any inventory located in Canada, as defined in the PPSA),
including all goods intended for sale, lease, display or demonstration; all work in process; and all raw materials, and other materials and supplies of any kind that are or could be used in connection with the manufacture, printing, packing,
shipping, advertising, sale, lease or furnishing of such goods, or otherwise used or consumed in the applicable Obligor&#146;s business (but excluding Equipment). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Inventory Reserve</U>: reserves established by Agent in its Credit Judgment to reflect factors that may negatively impact
the Value of Inventory, including change in salability, obsolescence, seasonality, theft, shrinkage, imbalance, change in composition or mix, markdowns and vendor chargebacks. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Investment</U>: as to any Person, any direct or indirect acquisition or investment by such Person, whether by means of
(a)&nbsp;the purchase or other acquisition of capital stock or other securities of another Person, (b)&nbsp;a loan, advance or capital contribution to, Contingent Obligation in respect of Debt of, assumption of Debt of, or purchase or other
acquisition of any other Debt or equity participation or interest in, another Person, including any partnership or joint venture interest in such other Person, or (c)&nbsp;the purchase or other acquisition (in one transaction or a series of
transactions) of assets of another Person that constitute a business unit. For purposes of covenant compliance, the amount of any Investment shall be the amount actually invested, without adjustment for subsequent increases or decreases in the value
of such Investment. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>IP Assignment</U>: a collateral assignment or security agreement pursuant
to which an Obligor grants a Lien on its Intellectual Property to Agent, as security for its Obligations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>IRS</U>: the
United States Internal Revenue Service. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Issuing Bank Indemnitees</U>: the Issuing Banks and their officers, directors,
employees, Affiliates, branches, agents and attorneys. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Issuing Banks</U>: the U.S. Issuing Bank, the Canadian Issuing
Bank, the German Issuing Bank, and the U.K.<B><U>/Dutch</U></B> Issuing Bank. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Japanese Yen or &yen;: the lawful currency
of Japan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>LC Application</U>: an application by a Borrower or Borrower Agent on behalf of a Borrower to an Issuing
Bank for issuance of a Letter of Credit, in form and substance satisfactory to such Issuing Bank. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>LC Conditions</U>:
the following conditions necessary for issuance of a Letter of Credit: (a)&nbsp;each of the conditions set forth in <B>Section</B><B></B><B>&nbsp;6</B>; (b) after giving effect to such issuance, total U.S. LC Obligations do not exceed the U.S.
Letter of Credit Subline, no U.S. Overadvance exists or would result therefrom and, if no U.S. Revolver Loans are outstanding, the U.S. LC Obligations do not exceed the U.S. Borrowing Base (without giving effect to the U.S. LC Reserve for purposes
of this calculation); (c) after giving effect to such issuance, total Canadian LC Obligations do not exceed the Canadian Letter of Credit Subline, no Canadian Overadvance exists or would result therefrom and, if no Canadian Revolver Loans are
outstanding, the Canadian LC Obligations do not exceed the Canadian Borrowing Base (without giving effect to the Canadian LC Reserve for purposes of this calculation); (d) after giving effect to such issuance, total German LC Obligations do not
exceed the German Letter of Credit Subline, no German Overadvance exists or would result therefrom and, if no German Revolver Loans are outstanding, the German LC Obligations do not exceed the German Borrowing Base (without giving effect to the
German LC Reserve for purposes of this calculation); (e) after giving effect to such issuance, total U.K.<B><U>/Dutch</U></B> LC Obligations do not exceed the U.K.<B><U>/Dutch</U></B> Letter of Credit Subline, no U.K.<B><U>/Dutch</U></B> Overadvance
exists or would result therefrom and, if no U.K.<B><U>/Dutch</U></B> Revolver Loans are outstanding, the U.K.<B><U>/Dutch</U></B> LC Obligations do not exceed the U.K.<B><U>/Dutch</U></B> Borrowing Base (without giving effect to the
U.K.<B><U>/Dutch</U></B> LC Reserve for purposes of this calculation); (f) the expiration date of such Letter of Credit is (i)&nbsp;no more than 365 days from issuance (or such other expiration date beyond 365 days agreed to by Agent and the
applicable Issuing Bank), in the case of standby Letters of Credit, <U>provided</U>, <U>however</U>, that any standby Letter of Credit may provide for the automatic extension thereof for any number of additional periods each of up to 365 days in
duration issuance (or such other days in duration beyond 365 days agreed to by Agent and the applicable Issuing Bank), and (ii)&nbsp;no more than 120 days from issuance, in the case of documentary Letters of Credit; (g)&nbsp;in the case of U.S.
Letters of Credit, the Letter of Credit and payments thereunder are denominated in Dollars or any foreign currency acceptable to Agent and U.S. Issuing Bank and, unless otherwise specified by Agent or U.S. Issuing Bank (at their respective option)
that it requires payment in Dollars calculated at the Spot Rate, payments thereunder are to be made in the same currency in which the Letter of Credit was denominated; (h)&nbsp;in the case of Canadian Letters of Credit, the Letter of Credit and
payments thereunder are denominated in Dollars, Canadian Dollars, or any foreign currency acceptable to Agent and Canadian Issuing Bank and, unless otherwise specified by Agent or Canadian Issuing Bank (at their respective option) that it requires
payment in Dollars or Canadian Dollars calculated at the Spot Rate, payments thereunder are to be made in the same currency in which the Letter of Credit was denominated; (i)&nbsp;in the case of U.K.<B><U>/Dutch</U></B> Letters of Credit, the Letter
of Credit and payments thereunder are denominated in Dollars, British Pounds, Euros, or any foreign currency acceptable to the Agent and U.K.<B><U>/Dutch</U></B> Issuing Bank and, unless otherwise specified by Agent or U.K.<B><U>/Dutch</U></B>
Issuing Bank (at their respective option) that it requires payment in Dollars, British Pounds or Euros calculated at the Spot Rate, payments thereunder are to be made in the same currency in </P>
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which the Letter of Credit was denominated, (j)&nbsp;in the case of German Letters of Credit, the Letter of Credit and payments thereunder are denominated in Dollars, British Pounds, Euros, Swiss
Francs, or any foreign currency acceptable to the Agent and German Issuing Bank and, unless otherwise specified by Agent or German Issuing Bank (at their respective option) that it requires payment in Dollars, British Pounds, Swiss Francs, or Euros
calculated at the Spot Rate, payments thereunder are to be made in the same currency in which the Letter of Credit was denominated, and (k)&nbsp;the form of the proposed Letter of Credit is satisfactory to Agent and the applicable Issuing Bank in
their discretion. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>LC Documents</U>: all documents, instruments and agreements (including LC Requests and LC
Applications) delivered by the Borrower Agent on behalf of a Borrower or by any other Person to an Issuing Bank or Agent in connection with the issuance, amendment or renewal of, or payment under, any Letter of Credit. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>LC Obligations</U>: the U.S. LC Obligations, the Canadian LC Obligations, the German LC Obligations, and the
U.K.<B><U>/Dutch</U></B> LC Obligations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>LC Request</U>: a request for issuance of a Letter of Credit, to be provided
by the U.S. Borrowers, the Canadian Borrower, the German Borrower, the
U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B>, or the Borrower
Agent, as applicable, to an Issuing Bank, in form satisfactory to Agent and such Issuing Bank. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Lender Indemnitees</U>:
Lenders and their officers, directors, employees, Affiliates, agents and attorneys. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Lenders</U>: as defined in the
preamble to this Agreement, including the U.S. Lenders, the Canadian Lenders, the German Lenders, the U.K.<B><U>/Dutch</U></B> Lenders, Agent in its capacity as a provider of Swingline Loans and any other Person who hereafter becomes a
&#147;Lender&#148; pursuant to an Assignment and Acceptance or in accordance with <B>Section</B><B></B><B>&nbsp;2.1.7</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Lending Office</U>: the office designated as such by the applicable Lender at the time it becomes party to this Agreement
or thereafter by notice to Agent and Borrower Agent. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Letter of Credit</U>: any U.S. Letter of Credit, Canadian Letter
of Credit, German Letter of Credit, or U.K.<B><U>/Dutch</U></B> Letter of Credit. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Leverage Ratio</U>:<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;means,</STRIKE></FONT></B> as of any date of determination, the ratio of (a)&nbsp;the amount
of Funded Debt as of such date, to (b)&nbsp;EBITDA for the most recently 12 month period ended for which financial statements have been delivered pursuant to Section&nbsp;10.1.1, in each case, determined on a consolidated basis for Parent and its
Subsidiaries. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman"><strike><u>LIBOR</u></strike></FONT><STRIKE>: for any Interest
Period with respect to a LIBOR Loan, the per annum rate of interest, determined by Agent at approximately 11:00 a.m. (London time) two Business Days prior to commencement of such Interest Period, for a term comparable to such Interest Period, equal
to (a)</STRIKE><STRIKE></STRIKE><STRIKE>&nbsp;the applicable Screen Rate for the currency of that LIBOR Loan; or (b)</STRIKE><STRIKE></STRIKE><STRIKE>&nbsp;if the Screen Rate is not available for any reason, the interest rate at which deposits in
the applicable Available Currency in the approximate amount of the LIBOR Loan would be offered by Bank of America</STRIKE><STRIKE>&#146;</STRIKE><STRIKE>s London branch to major banks in the London interbank eurocurrency
market;</STRIKE><STRIKE></STRIKE><FONT STYLE="font-family:Times New Roman"><strike><u>&nbsp;provided</u></strike></FONT><STRIKE>, that in no event shall LIBOR be less than zero. If the Board of Governors imposes a Reserve Percentage with respect to
LIBOR deposits, then LIBOR shall be the foregoing rate,</STRIKE><STRIKE></STRIKE><FONT STYLE="font-family:Times New Roman"><strike><u>&nbsp;divided</u></strike></FONT><STRIKE></STRIKE><STRIKE>&nbsp;by 1</STRIKE><STRIKE></STRIKE><FONT
STYLE="font-family:Times New Roman"><strike><u>&nbsp;minus</u></strike></FONT><STRIKE></STRIKE><STRIKE>&nbsp;the Reserve Percentage.</STRIKE> </B></P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman"><strike><u>LIBOR
Loan</u></strike></FONT><STRIKE>: each set of LIBOR Revolver Loans or LIBOR Term Loans having a common length and commencement of Interest Period.</STRIKE> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman"><strike><u>LIBOR Revolver Loan</u></strike></FONT><STRIKE>: a Revolver Loan that
bears interest based on LIBOR.</STRIKE> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman"><strike><u>LIBOR Term
Loan</u></strike></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>: a Term Loan that bears interest based on LIBOR.</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>License</U>: any license or agreement under which an Obligor or Subsidiary is authorized to use Intellectual Property in
connection with any manufacture, marketing, distribution or disposition of Collateral, any use of Property or any other conduct of its business. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Licensor</U>: any Person from whom an Obligor obtains the right to use any Intellectual Property. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Lien</U>: any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other),
charge, or preference, priority or other security interest or preferential arrangement of any kind or nature whatsoever in respect of property (including any conditional sale or other title retention agreement and any financing lease having
substantially the same economic effect as any of the foregoing). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Lien Waiver</U>: an agreement, in form and substance
satisfactory to Agent, by which (unless, in each case, otherwise agreed to by Agent in its sole discretion)&nbsp;(a) for any material Collateral located on leased premises, the lessor waives or subordinates any Lien it may have on the Collateral,
and agrees to permit Agent to enter upon the premises and remove the Collateral or to use the premises to store or dispose of the Collateral; (b)&nbsp;for any Collateral held by a warehouseman, processor, shipper, customs broker or freight
forwarder, such Person waives or subordinates any Lien it may have on the Collateral, agrees to hold any Documents in its possession relating to the Collateral as agent for Agent, and agrees to deliver the Collateral to Agent upon request;
(c)&nbsp;for any Collateral held by a repairman, mechanic or bailee, such Person acknowledges Agent&#146;s Lien, waives or subordinates any Lien it may have on the Collateral, and agrees to deliver the Collateral to Agent upon request; (d)&nbsp;for
any Collateral subject to a Licensor&#146;s Intellectual Property rights, the Licensor grants to Agent the right, <FONT STYLE="white-space:nowrap">vis-&agrave;</FONT> <FONT STYLE="white-space:nowrap">-vis</FONT> such Licensor, to enforce
Agent&#146;s Liens with respect to the Collateral, including the right to dispose of it with the benefit of the Intellectual Property, whether or not a default exists under any applicable License; and (e)&nbsp;for any Collateral held by Costco on
consignment on behalf of a U.S. Domiciled Obligor, Costco acknowledges the applicable Obligor&#146;s ownership of such Collateral, acknowledges Agent&#146;s Lien on such Collateral, authorizes the filing of UCC financing statements naming Costco as
consignee, the applicable Obligor as consignor, and Agent as such Obligor&#146;s assignee, and agrees to deliver the Collateral to Agent upon request. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Loan</U>: a Revolver<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Loan or Term</STRIKE></FONT></B> Loan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Loan
Account</U>: the loan account established by each Lender on its books pursuant to <B>Section</B><B></B><B>&nbsp;5.8</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Loan Documents</U>: this Agreement, Other Agreements and Security Documents. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Margin Stock</U>: as defined in Regulation U of the Board of Governors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Material Adverse Effect</U>: (a)&nbsp;a material adverse change in, or a material adverse effect upon, the operations,
business, Properties, condition (financial or otherwise) of Parent and its Subsidiaries taken as a whole; (b)&nbsp;a material impairment of the ability of any Borrower or Guarantor to perform its obligations under any Loan Document to which it is a
party; (c)&nbsp;a material adverse effect upon the legality, validity, binding effect or enforceability against any Borrower or Guarantor of any Loan Document to which it is a party or on the validity or priority of Agent&#146;s Liens on the
Collateral; or (d)&nbsp;the effect of any event or circumstance that, taken alone or in conjunction with other events or circumstances, otherwise impairs the </P>
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ability of Agent or any Lender to enforce or collect any Obligations or to realize upon any material portion of the Collateral. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Material Real Property</U>:
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>means</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B>&nbsp;any <FONT STYLE="white-space:nowrap">fee-owned</FONT> real
property that is owned by any U.S<B><U>.</U></B> Domiciled Obligor with a fair market value in excess of $15,000,000 (at the Second Amendment Third Amended and Restated Effective Date or, with respect to
<FONT STYLE="white-space:nowrap">fee-owned</FONT> real property acquired after the Second Amendment Third Amended and Restated Effective Date, at the time of acquisition, in each case, as reasonably estimated by the U.S. Borrowers in good faith),
other than the property located at 2180 Rutherford Road, Carlsbad, CA 92008. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Material Subsidiary</U>: at any time, any
Subsidiary of Parent (other than an Obligor)&nbsp;(a) in which the aggregate Investments made by Parent and its Subsidiaries (excluding Investments in the nature of inter-company receivables payable by such Subsidiary arising in the Ordinary Course
of Business for the sale of Inventory and provision of services but, in the case of Investments in a Foreign Subsidiary, including Investments in Subsidiaries of such Foreign Subsidiary other than any such receivables) exceed $20,000,000 or
(b)&nbsp;that had net annual sales during the four fiscal quarters most recently ended (calculated on a Pro Forma Basis after giving effect to any Acquisition made during such period) of $50,000,000 or more<B><U>.</U></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Maximum Canadian Facility Amount</U>: on any date of determination, the lesser of (i)&nbsp;the Canadian Revolver
Commitments on such date and (ii) $25,000,000 (or such greater or lesser amount after giving effect to any increases or reductions in the Commitments and/or Canadian Revolver Commitments pursuant to and in accordance with
<B>Section</B><B></B><B>&nbsp;2.1.4</B> from time to time); it being acknowledged and agreed that at no time can the aggregate of all Maximum Country Facility Amounts exceed the Maximum Facility Amount in effect at such time. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Maximum Country Facility Amounts</U>: each of the Maximum U.S. Facility Amount, the Maximum Canadian Facility Amount, the
Maximum German Facility Amount, and the Maximum U.K.<B><U>/Dutch</U></B> Facility Amount. &#147;<U>Maximum Country Facility Amount</U>&#148; means any of the Maximum U.S. Facility Amount, the Maximum Canadian Facility Amount, the Maximum German
Facility Amount, or the Maximum U.K.<B><U>/Dutch</U></B> Facility Amount, as the context requires. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Maximum Facility
Amount</U>: $400,000,000, or such greater or lesser amount as shall then be in effect after giving effect to any reductions in the Commitments pursuant to and in accordance with <B>Section</B><B></B><B>&nbsp;2.1.4 </B>and increases in the U.S.
Revolver Commitments pursuant to and in accordance with <B>Section</B><B></B><B>&nbsp;2.1.7</B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Maximum German
Facility Amount</U>: on any date of determination, the lesser of (i)&nbsp;the German Revolver Commitments on such date and (ii) $70,000,000 (or such greater or lesser amount after giving effect to any increases or reductions in the Commitments
and/or German Revolver Commitments pursuant to and in accordance with <B>Section</B><B></B><B>&nbsp;2.1.4</B> from time to time); it being acknowledged and agreed that at no time can the aggregate of all Maximum Country Facility Amounts exceed the
Maximum Facility Amount in effect at such time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Maximum U.K.</U><B><U>/Dutch</U></B><U> Facility Amount</U>: on any
date of determination, the lesser of (i)&nbsp;the U.K.<B><U>/Dutch</U></B> Revolver Commitments on such date and (ii) $45,000,000 (or such greater or lesser amount after giving effect to any increases or reductions in the Commitments and/or the
U.K.<B><U>/Dutch</U></B> Revolver Commitments pursuant to and in accordance with <B>Section</B><B></B><B>&nbsp;2.1.4</B> from time to time); it being acknowledged and agreed that at no time can the aggregate of all Maximum Country Facility Amounts
exceed the Maximum Facility Amount in effect at such time. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Maximum U.S. Facility Amount</U>: on any date of determination, the
lesser of (i)&nbsp;the U.S. Revolver Commitments on such date and (ii) $260,000,000 (or such greater or lesser amount after giving effect to any increases or reductions in the Commitments and/or the U.S. Revolver Commitments pursuant to and in
accordance with <B>Section</B><B></B><B>&nbsp;2.1.4 </B>and increases in the Commitments and/or the U.S. Revolver Commitments pursuant to and in accordance with <B>Section</B><B></B><B>&nbsp;2.1.7</B> from time to time); it being acknowledged and
agreed that at no time can the aggregate of all Maximum Country Facility Amounts exceed the Maximum Facility Amount in effect at such time. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>Mexican Eligible Inventory: finished goods Inventory of a U.S. Borrower located in Mexico that is boxed and labeled and
that would constitute Eligible Inventory of a U.S. Borrower but for the fact that it is not within the continental United States for purposes of clause (h)(ii) of the Eligible Inventory definition and it is not in transit between facilities in the
United States of the U.S. Borrowers for purposes of clause (i)(i) the Eligible Inventory definition. For the avoidance of doubt, Mexican Eligible Inventory must comply with all other eligibility criteria set forth in the Eligible Inventory
definition herein.</U></B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>Mexican Inventory Formula Amount: as of any date of determination,
(a)</U></B><B><U></U></B><B><U>&nbsp;at all times after the entering into of the Mexican Pledge Agreement (solely to the extent the Mexican Pledge Agreement is effective within 30 days of the Sixth Amendment Effective Date (or such later date as
agreed by Agent in its sole discretion)) and while it remains in full force and effect, the lesser of (i) 50% of the Value of the U.S. Borrowers</U></B><B><U>&#146;</U></B><B><U> Mexican Eligible Inventory, and (ii) $10,000,000, and
(b)</U></B><B><U></U></B><B><U>&nbsp;at all other times, $0.</U></B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>Mexican Pledge Agreement: the <FONT
STYLE="white-space:nowrap">non-possessory</FONT> pledge agreement (</U></B><B><I></I></B><B><U></U></B><B><I><U>contrato de prenda sin transmission de posesion</U></I></B><B><U></U></B><B><I></I></B><B><U>), to be entered into after the date hereof,
among the Obligors party thereto and the Agent, in connection with certain Inventory located in Mexico, as may be amended, restated, supplemented or otherwise modified from time to time.</U></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>Mexican Security Documents: the Mexican Pledge Agreement, and any other Mexican law governed secured agreement executed
under or in connection with this Agreement.</U></B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Moody</U><U>&#146;</U><U>s</U>: Moody&#146;s Investors Service,
Inc., and its successors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Mortgage</U>: a mortgage, deed of trust, deed of immovable hypothec or deed to secure debt
pursuant to which an Obligor grants a Lien on its Real Estate to Agent, as security for the applicable Obligations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Multiemployer Plan</U>: any employee benefit plan of the type described in Section&nbsp;4001(a)(3) of ERISA, to which any
Obligor or ERISA Affiliate 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="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Net Excess Availability</U>: as of any date of determination, an amount equal to the Availability <U>minus</U> the
aggregate amount, if any, of all trade payables of Obligors that are more than 60 days past due (or such later date as Agent may approve in its sole discretion) and all book overdrafts of Obligors in excess of historical practices with respect
thereto, in each case as determined by Agent in its Credit Judgment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Net Orderly Liquidation Value</U>: with respect
to trademarks of any Person, the net orderly liquidation value of such trademarks expected to be realized at an orderly, negotiated sale held within a reasonable period of time, net of all liquidation expenses, as determined from the most recent
appraisal of such trademarks performed by an appraiser and on terms satisfactory to Agent. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Net Proceeds</U>: with respect to an Asset Disposition, proceeds
(including, when received, any deferred or escrowed payments) received by an Obligor or Subsidiary in cash from such disposition, net of (a)&nbsp;reasonable and customary costs and expenses actually incurred in connection therewith, including legal
fees and sales commissions; (b)&nbsp;amounts applied to repayment of Debt secured by a Permitted Lien senior to Agent&#146;s Liens on Collateral sold; (c)&nbsp;transfer or similar taxes; and (d)&nbsp;reserves for indemnities, until such reserves are
no longer needed (after which, any such amounts previously held as reserves shall become Net Proceeds when received). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>New Lender</U>: as defined in <B>Section</B><B></B><B>&nbsp;5.9.2(n)</B>. <U>NOLV Percentage</U>: with respect to each
category of each Borrower&#146;s Inventory (as determined by Agent from to time in its discretion) the net orderly liquidation value of such Inventory, expressed as a percentage (such percentage to be adjusted seasonally at such times consistent
with the most recently delivered appraisal, as determined by Agent), expected to be realized at an orderly, negotiated sale held within a reasonable period of time, net of all liquidation expenses, as determined from the most recent appraisal of
such Inventory performed by an appraiser and on terms satisfactory to Agent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U><FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Domiciled Obligor: any Obligor that is not a U.S. Domiciled
Obligor.</U></B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Notes</U>: each Revolver Note or other promissory note executed by a Borrower to evidence any
Obligations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Notice of Borrowing</U>: a Notice of Borrowing to be provided by Borrower Agent to request a Borrowing of
Loans, in form satisfactory to Agent. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Notice of Conversion/Continuation</U>: a Notice of Conversion/Continuation to be
provided by Borrower Agent to request a conversion or continuation of any Loans as <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR</U></B> Loans<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;or</STRIKE></FONT></B><B><U>,</U></B> Canadian BA Rate<B><U> Loans or EURIBOR</U></B> Loans,
in form<B><U> reasonably</U></B> satisfactory to Agent. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Noticed Hedge</U>: Secured Bank Product Obligations arising
under a Hedging Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Obligations</U>: all (a)&nbsp;principal of and premium, if any, on the Loans, (b)&nbsp;U.S.
LC Obligations and other obligations of the U.S. Facility<B> </B>Obligors with respect to Letters of Credit, (c)&nbsp;Canadian LC Obligations and other obligations of the Canadian Facility Obligors with respect to Letters of Credit, (d)&nbsp;German
LC Obligations and other obligations of the German Facility Obligors with respect to Letters of Credit, (e)&nbsp;U.K.<B><U>/Dutch</U></B> LC Obligations and other obligations of the U.K.<B><U>/Dutch</U></B> Facility Obligors with respect to Letters
of Credit, (f)&nbsp;interest, expenses, fees, indemnification obligations, Extraordinary Expenses and other amounts payable by Obligors under Loan Documents, (g)&nbsp;Secured Bank Product Obligations, and (h)&nbsp;other Debts, obligations and
liabilities of any kind owing by Obligors pursuant to the Loan Documents, whether now existing or hereafter arising, whether evidenced by a note or other writing, whether allowed in any Insolvency Proceeding, whether arising from an extension of
credit, issuance of a letter of credit, acceptance, loan, guaranty, indemnification or otherwise, and whether direct or indirect, absolute or contingent, due or to become due, primary or secondary, or joint or several; <U>provided</U><I>, </I>that
Obligations of an Obligor shall not include its Excluded Swap Obligations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Obligor</U>: each Borrower, Guarantor, or
other Person that is liable for payment of any Obligations or that has granted a Lien in favor of Agent on its assets to secure any Obligations; provided that, notwithstanding anything to the contrary herein (including, without limitation,
Section&nbsp;10.1.12), in no event shall any Excluded Subsidiary be required to become an Obligor. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Obligor Group</U>:
a group consisting of (a)&nbsp;Canadian Facility Obligors, (b)&nbsp;U.S. Facility Obligors, (c)&nbsp;German Facility Obligors, or (d)&nbsp;U.K.<B><U>/Dutch</U></B> Facility Obligors. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>OFAC</U>: Office of Foreign Assets Control of the U.S. Treasury
Department. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U><FONT STYLE="white-space:nowrap">Off-Balance</FONT> Sheet Liabilities</U>: with respect to any Person, the
(a)&nbsp;monetary obligations of such Person under a <FONT STYLE="white-space:nowrap">so-called</FONT> synthetic lease, <FONT STYLE="white-space:nowrap">off-balance</FONT> sheet or tax retention lease, if such obligations are considered indebtedness
for borrowed money for tax purposes but such lease is classified as an operating lease under GAAP, but in any case excluding any obligations (i)&nbsp;that are liabilities of any such Person as lessee under any operating lease so long as the terms of
such operating lease do not require any payment by or on behalf of such Person at termination of such operating lease pursuant to a required purchase by or on behalf of such Person of the property or assets subject to such operating lease or
(ii)&nbsp;under any arrangement pursuant to which such Person guarantees or otherwise assures any other Person of the value of the property or assets subject to such operating lease and (b)&nbsp;the monetary obligations under any sale and leaseback
transaction which does not create a liability on the consolidated balance sheet of such Person. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Ordinary Course of
Business</U>: with respect to any Person, the ordinary course of business of such Person, consistent with past practices. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Organic Documents</U>: with respect to (a)&nbsp;any Person (other than any Person organized under the laws of Germany<B><U>
or the Netherlands</U></B>), its charter, certificate or articles of incorporation, amalgamation or continuance, bylaws, articles of organization, limited liability agreement, operating agreement, members agreement, shareholders agreement,
partnership agreement, certificate of partnership, certificate of formation, memorandum of association, articles of association, voting trust agreement, or similar agreement or instrument governing the formation or operation of such Person<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;and</STRIKE></FONT></B><B><U>,</U></B> (b)&nbsp;any Person organized under the laws of
Germany, its articles of association (<I>Satzung</I>) or partnership agreement, as the case may be, and, if applicable, any <FONT STYLE="white-space:nowrap">by-laws</FONT> of its supervisory or advisory board<B><U>, and
(c)</U></B><B><U></U></B><B><U>&nbsp;any Person organized under the laws of the Netherlands, its articles or association (</U></B><B><I></I></B><B><U></U></B><B><I><U>statute</U></I></B><B><U></U></B><B><I></I></B><B><U>n</U>)<U> or deed of
incorporation (</U></B><B><I></I></B><B><U></U></B><B><I><U>akte van oprichting</U></I></B><B><U></U></B><B><I></I></B><B><U>)</U></B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Original Agreement Closing Date</U>: June&nbsp;30, 2011. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Original Amended and Restated Loan Agreement</U>: as defined in the recitals hereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Original Loan Agreement</U>: as defined in the recitals hereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Original Obligations</U>: as defined in <B>Section</B><B></B><B>&nbsp;14.19</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">OSHA: the Occupational Safety and Hazard Act of 1970. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Other Agreement</U>: the Intercreditor Agreement; each Note; LC Document; Fee Letter; Lien Waiver; Borrowing Base
Certificate, Compliance Certificate, financial statement or report delivered hereunder; or other document, instrument or agreement (other than this Agreement or a Security Document) now or hereafter delivered by an Obligor or other Person to Agent
or a Lender in connection with any transactions relating hereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman"><strike><u>Other Rate Early Opt-in</u></strike></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>:</STRIKE></FONT></B><B><I></I></B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE></STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><I></I>
</B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;the Agent and the Borrower Agent have elected to replace LIBOR with a Benchmark Replacement other than a SOFR-based rate pursuant to (1)</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;an Early Opt-in Election and (2)</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;
Section</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;3.6(b)(ii) and paragraph (2)</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;of the definition of </STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&#147;</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>Benchmark Replacement</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&#148;</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>.</STRIKE></FONT></B> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Other Taxes</U>: all present or future stamp or documentary taxes or any other excise or property taxes, charges or similar
levies arising from any payment made under any Loan Document or from the execution, delivery or enforcement of, or otherwise with respect to, any Loan Document. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Overadvance</U>: a Canadian Overadvance, German Overadvance, U.S.
Overadvance, or U.K.<B><U>/Dutch</U></B> Overadvance, as the context requires. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Overadvance Loan</U>: a Canadian
Overadvance Loan and/or a German Overadvance Loan, and/or a U.S. Overadvance Loan, and/or a U.K.<B><U>/Dutch</U></B> Overadvance Loan, as the context requires. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Parallel Debt Undertaking</U>: as defined in <B>Section</B><B></B><B>&nbsp;14.19</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Parallel Obligations</U>: as defined in <B>Section</B><B></B><B>&nbsp;14.19</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Parent</U>: as defined in the preamble to this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Participant</U>: as defined in <B>Section</B><B></B><B>&nbsp;13.2</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Participating Member State</U>: each member state of the European Union that has the Euro as its lawful currency so
described in any EMU Legislation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Patriot Act</U>: the Uniting and Strengthening America by Providing Appropriate
Tools Required to Intercept and Obstruct Terrorism Act of 2001, Pub. L. <FONT STYLE="white-space:nowrap">No.&nbsp;107-56,</FONT> 115 Stat. 272 (2001). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Payment Item</U>: each check, draft or other item of payment payable to an Obligor, including those constituting proceeds
of any Collateral. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>PBA</U>: the Pension Benefits Act (Ontario) or any other Canadian federal or provincial statute in
relation to Canadian Pension Plans, and any regulations thereunder, as amended from time to time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>PBGC</U>: the
Pension Benefit Guaranty Corporation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Pension Plan</U>: any employee pension benefit plan (as such term is defined in
Section&nbsp;3(2) of ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA and is sponsored or maintained by any Obligor or ERISA Affiliate or to which the Obligor or ERISA Affiliate contributes or has an obligation to
contribute, or in the case of a multiple employer or other plan described in Section&nbsp;4064(a) of ERISA, has made contributions at any time during the preceding five plan years. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Permitted Acquisition</U>: any Acquisition by Parent or any of its Subsidiaries where: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Board of Directors or authorized management committee of Parent or of
the applicable Subsidiary and of the Person whose assets or Equity Interests are being acquired has approved such Acquisition; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the business acquired in connection with such Acquisition is engaged in one
or more of the leisure goods, products and services businesses generally or any business activities that are substantially similar, related, incidental or complementary thereto; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;both before and after giving effect to such Acquisition and the Loans and
Letters of Credit (if any) requested to be made in connection therewith, each of the representations and warranties in the Loan Documents is true and correct in all material (except that such materiality qualifier shall not be applicable to any
representations and warranties that already are qualified or modified by materiality in the text thereof) respects (except (i)&nbsp;any such representation or warranty which relates to a specified prior date and (ii)&nbsp;to the extent the Agent has
been notified in writing by Borrower Agent that any representation or </P>
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warranty is not correct and the Required Lenders have explicitly waived in writing compliance with such representation or warranty) and no Default or Event of Default exists, will exist, or would
result therefrom; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;after giving effect to the Acquisition, the Parent
and its Subsidiaries will continue to be in compliance with the covenants in this Agreement, determined on a Pro Forma Basis; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the purchase consideration payable in respect of all Permitted Acquisitions
(including the proposed Acquisition and including deferred payment obligations) shall not exceed the Acquisition Cap in the aggregate; provided, however, that no such Acquisition shall count against the Acquisition Cap if either: (i)&nbsp;(A) on a
Pro Forma Basis after giving effect to such Acquisition, Net Excess Availability has been greater than an amount equal to the Threshold Percentage of the Maximum Facility Amount at all times during the thirty (30)&nbsp;day period immediately prior
to the consummation of such Acquisition, (B)&nbsp;Net Excess Availability is greater than an amount equal to the Threshold Percentage of the Maximum Facility Amount after giving effect to such Acquisition, and (C)&nbsp;the Fixed Charge Coverage
Ratio, on a Pro Forma Basis after giving effect to such Acquisition (calculated on a trailing twelve month basis recomputed for the most recent month for which financial statements have been delivered) is not less than 1.0 to 1.0; or (ii)&nbsp;(A)
average daily Net Excess Availability, on a Pro Forma Basis after giving effect to such Acquisition, has been greater than an amount equal to
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>20</STRIKE></FONT></B><B><U>17.5</U></B>% of the Maximum Facility Amount for the ninety (90)&nbsp;day period immediately prior to the consummation of such Acquisition, <B><U>and
</U></B>(B)&nbsp;Net Excess Availability is greater than an amount equal to <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>20</STRIKE></FONT></B><B><U>17.5</U></B>% of the Maximum Facility Amount after giving effect to such
Acquisition<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>, and (C)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;no Term Loans are outstanding at the time such Acquisition is consummated and after giving effect to the payment of any consideration in connection with such
Acquisition</STRIKE></FONT></B>; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;as soon as available, but not less
than 15 Business Days prior to such Acquisition, Borrower Agent has provided Agent (i)&nbsp;notice of such Acquisition and (ii)&nbsp;a copy of all available business and financial information reasonably requested by Agent including pro forma
financial statements, statements of cash flow, financial covenant projections, and Availability projections; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;not later than: (i) 15 Business Days prior to the anticipated closing date
of such Acquisition, Borrower Agent shall have provided Agent with the then current drafts of the acquisition agreement and other material documents relative to such Acquisition, and (ii) 3 Business Days prior to the anticipated closing date of such
Acquisition, Borrower Agent shall have provided Agent with the final copies of the acquisition agreement and other material documents relative to such Acquisition; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the assets being acquired (other than a de minimis amount of assets in
relation to the assets being acquired) are located within the United States, Canada or the U.K., or the Person whose Equity Interests are being acquired is organized in a jurisdiction located within the United States, Canada or the U.K.; provided,
however, that this clause (h)&nbsp;shall not be applicable to any Acquisition if either: (i)&nbsp;(A) on a Pro Forma Basis after giving effect to such Acquisition, Net Excess Availability has been greater than an amount equal to the Threshold
Percentage of the Maximum Facility Amount at all times during the thirty (30)&nbsp;day period immediately prior to the consummation of such Acquisition, (B)&nbsp;Net Excess Availability is greater than an amount equal to the Threshold Percentage of
the Maximum Facility Amount after giving effect to such Acquisition, and (C)&nbsp;the Fixed Charge Coverage Ratio, on a Pro Forma Basis after giving effect to such Acquisition (calculated on a trailing twelve month basis recomputed for the most
recent month for which financial statements have been delivered) is not less than 1.0 to 1.0; or (ii)&nbsp;(A) average daily Net Excess Availability, on a Pro Forma Basis after giving effect to such Acquisition, has been greater than an amount equal
to <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>20</STRIKE></FONT></B><B><U>17.5</U></B>% of the Maximum Facility Amount for the ninety (90)&nbsp;day period immediately prior to the consummation of such Acquisition,<B><U>
and</U></B> (B)&nbsp;Net Excess Availability is greater than an amount equal to <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>20</STRIKE></FONT></B><B><U>17.5</U></B>% of the Maximum Facility Amount after giving effect to such
Acquisition; </P>
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and<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;(C) no Term Loans are
outstanding at the time such Acquisition is consummated and after giving effect to the payment of any consideration in connection with such Acquisition;
and</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;</STRIKE></FONT></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;concurrently with such Acquisition, any Person required to become a
Guarantor or to execute or to deliver any Loan Document will do so in accordance with the requirements of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify">In no event
will assets exceeding $15,000,000 in Value acquired pursuant to a Permitted Acquisition constitute assets eligible for inclusion in the Borrowing Base prior to completion of a field examination, appraisal and other due diligence acceptable to Agent
in its discretion, and if such satisfactory field examination, appraisal and due diligence is undertaken prior to the closing of such Acquisition, the assets acquired pursuant to such Acquisition may be taken into account in the applicable Borrowing
Base (subject to all eligibility criteria) in determining whether the foregoing conditions are satisfied. Assets less than $15,000,000 in Value acquired pursuant to a Permitted Acquisition shall constitute assets eligible for inclusion in the
applicable Borrowing Base (subject to all eligibility criteria) on a temporary basis pending completion of a field examination, appraisal and other due diligence acceptable to Agent in its discretion. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Permitted Lien</U>: as defined in <B>Section</B><B></B><B>&nbsp;10.2.1</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Person</U>: any individual, corporation, limited liability company, unlimited liability company, partnership, joint
venture, joint stock company, land trust, business trust, unincorporated organization, Governmental Authority or other entity. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Plan</U>: any employee benefit plan (as such term is defined in Section&nbsp;3(3) of ERISA) established by an Obligor or,
with respect to any such plan that is subject to Section&nbsp;412 of the Code or Title IV of ERISA, an ERISA Affiliate. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>PPSA</U>: the Personal Property Security Act (Ontario) and the regulations thereunder; <U>provided</U>, <U>however</U>, if
validity, perfection and effect of perfection and <FONT STYLE="white-space:nowrap">non-perfection</FONT> of Agent&#146;s security interest in and Lien on any Collateral are governed by the personal property security laws of any jurisdiction other
than Ontario, PPSA shall mean those personal property security laws (including the Civil Code of Quebec) in such other jurisdiction for the purposes of the provisions hereof relating to such validity, perfection, and effect of perfection and <FONT
STYLE="white-space:nowrap">non-perfection</FONT> and for the definitions related to such provisions, as from time to time in effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman"><U>Proceeds: as defined in Section&nbsp;7.1.</U></FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman"><U>Proceeds of Crime Act: the Proceeds of Crime (Money Laundering) and Terrorist
Financing Act (Canada) (or any successor statute), as amended from time to time, and includes all regulations thereunder.</U></FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Pro Forma Basis</U>: with respect to compliance with any test or covenant hereunder, in connection with or after the
occurrence of an Acquisition, compliance with such covenant or test after giving effect to any such Acquisition as if such Acquisition had occurred on the first day of the relevant test period (including pro forma adjustments arising out of events
which are directly attributable to the proposed Acquisition, are factually supportable and are expected to have a continuing impact, in each case to be mutually and reasonably agreed upon by Borrower Agent and Agent). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman"><U>Project Max Commitment Letter: that certain Commitment Letter, dated as of the
First Amendment to Third Amended and Restated Effective Date, by and among Parent, Bank of America, N.A. (or any of its designated affiliates), JPMorgan Chase Bank, N.A. (together with any of its</U></FONT>
</B></P>
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<FONT STYLE="font-family:Times New Roman"><U>designated affiliates) and any Additional Lead Arranger (as defined therein) and any Additional Initial Lender (as defined therein) appointed in
accordance with the terms thereof.</U></FONT> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman"><U>Properly Contested:
with respect to any obligation of any Person, (a)&nbsp;the obligation is subject to a bona fide dispute regarding amount or such Person&#146;s liability to pay; (b) the obligation is being properly contested in good faith by appropriate proceedings
promptly instituted and diligently pursued; (c)&nbsp;appropriate reserves have been established in accordance with GAAP; (d)<FONT STYLE="white-space:nowrap">&nbsp;non-payment</FONT> could not have a Material Adverse Effect; (e)&nbsp;no Lien is
imposed on assets of such Person or its Affiliates (other than any Excluded Subsidiary) in an aggregate amount in excess of $1,000,000 for all such Liens, unless bonded and stayed to the reasonable satisfaction of Agent; and (f)&nbsp;if the
obligation results from entry of a judgment or other order in an aggregate amount in excess of $1,000,000 for all such obligations, such judgment or order is stayed pending appeal or other judicial review.</U></FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman"><U>Property: any interest in any kind of property or asset, whether real,
personal or mixed, or tangible or intangible.</U></FONT> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Pro Rata</U>: (a)&nbsp;with respect to any U.S. Lender
and in reference to its U.S. Revolver Commitment, U.S. Facility Obligations, or other matters (including (A)&nbsp;payments of principal, accrued interest and fees related thereto, (B)&nbsp;participations in U.S. LC Obligations and U.S. Swingline
Loans, (C)&nbsp;increases or reductions to the U.S. Revolver Commitments pursuant to <B>Section</B><B></B><B>&nbsp;2.1.4</B> or <B>2.1.7</B>, and (D)&nbsp;obligations to pay or reimburse Agent for Extraordinary Expenses owed by or in respect of the
U.S. Facility Obligors or to indemnify any Indemnitees for Claims relating to the U.S. Facility Obligors) relating thereto, as applicable, a percentage (carried out to the ninth decimal place) determined (i)&nbsp;while the U.S. Revolver Commitments
are outstanding, by dividing the amount of such U.S. Lender&#146;s U.S. Revolver Commitment by the aggregate amount of all U.S. Revolver Commitments, and (ii)&nbsp;at any other time, by dividing the amount of such U.S. Lender&#146;s U.S. Revolver
Loans and U.S. LC Obligations by the aggregate amount of all U.S. Revolver Loans and U.S. LC Obligations; (b)&nbsp;with respect to any Canadian Lender and in reference to its Canadian Revolver Commitment, Canadian Facility Obligations or other
matters (including (A)&nbsp;payments of principal, accrued interest and fees related thereto, (B)&nbsp;participations in Canadian LC Obligations and Canadian Swingline Loans, (C)&nbsp;increases or reductions to the Canadian Revolver Commitments
pursuant to <B>Section</B><B></B><B>&nbsp;2.1.4</B>, and (D)&nbsp;obligations to pay or reimburse Agent for Extraordinary Expenses owed by or in respect of the Canadian Facility Obligors or to indemnify any Indemnitees for Claims relating to the
Canadian Facility Obligors) relating thereto, as applicable, a percentage (carried out to the ninth decimal place) determined (i)&nbsp;while the Canadian Revolver Commitments are outstanding, by dividing such Canadian Lender&#146;s Canadian Revolver
Commitment by the aggregate amount of all Canadian Revolver Commitments, and (ii)&nbsp;at any other time, by dividing the amount of such Canadian Lender&#146;s Canadian Revolver Loans and Canadian LC Obligations by the aggregate amount of all
Canadian Revolver Loans and Canadian LC Obligations; (c)&nbsp;with respect to any U.K.<B><U>/Dutch</U></B> Lender and in reference to its U.K.<B><U>/Dutch</U></B> Revolver Commitment, U.K.<B><U>/Dutch</U></B> Facility Obligations or other matters
(including (A)&nbsp;payments of principal, accrued interest and fees related thereto, (B)&nbsp;participations in U.K.<B><U>/Dutch</U></B> LC Obligations and U.K.<B><U>/Dutch</U></B> Swingline Loans, (C)&nbsp;increases or reductions to the
U.K.<B><U>/Dutch</U></B> Revolver Commitments pursuant to <B>Section</B><B></B><B>&nbsp;2.1.4</B>, and (D)&nbsp;obligations to pay or reimburse Agent for Extraordinary Expenses owed by or in respect of the U.K.<B><U>/Dutch</U></B> Facility Obligors
or to indemnify any Indemnitees for Claims relating to the U.K.<B><U>/Dutch</U></B> Facility Obligors) relating thereto, as applicable, a percentage (carried out to the ninth decimal place) determined (i)&nbsp;while the U.K.<B><U>/Dutch</U></B>
Revolver Commitments are outstanding, by dividing such U.K.<B><U>/Dutch</U></B> Lender&#146;s U.K.<B><U>/Dutch</U></B> Revolver Commitment by the aggregate amount of all U.K.<B><U>/Dutch</U></B> Revolver Commitments, and (ii)&nbsp;at any other time,
by dividing the amount of such U.K.<B><U>/Dutch</U></B> Lender&#146;s U.K.<B><U>/Dutch</U></B> Revolver Loans and U.K.<B><U>/Dutch</U></B> LC Obligations by the aggregate amount of all U.K.<B><U>/Dutch</U></B> Revolver Loans and
U.K.<B><U>/Dutch</U></B> LC Obligations; (d)&nbsp;with respect to any German Lender and in reference to its German Revolver Commitment, German Facility Obligations or other matters </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">51 </P>

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(including (A)&nbsp;payments of principal, accrued interest and fees related thereto, (B)&nbsp;participations in German LC Obligations and German Swingline Loans, (C)&nbsp;increases or reductions
to the German Revolver Commitments pursuant to <B>Section</B><B></B><B>&nbsp;2.1.4</B>, and (D)&nbsp;obligations to pay or reimburse Agent for Extraordinary Expenses owed by or in respect of the German Facility Obligors or to indemnify any
Indemnitees for Claims relating to the German Facility Obligors) relating thereto, as applicable, a percentage (carried out to the ninth decimal place) determined (i)&nbsp;while the German Revolver Commitments are outstanding, by dividing such
German Lender&#146;s German Revolver Commitment by the aggregate amount of all German Revolver Commitments, and (ii)&nbsp;at any other time, by dividing the amount of such German Lender&#146;s German Revolver Loans and German LC Obligations by the
aggregate amount of all German Revolver Loans and German LC Obligations;
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>(e)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;with
 respect to any U.S. Lender and in reference to its Term Loan Commitment or other matters (including payments of principal, accrued interest and fees related thereto) relating thereto, as applicable, a percentage (carried out to the ninth decimal
place) determined (i)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;while the Term Loan Commitments are
outstanding, by dividing the amount of such U.S. Lender</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&#146;</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>s Term
Loan Commitment by the aggregate amount of all Term Loan Commitments, and
(ii)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;at any other time, by dividing the amount of such U.S.
Lender</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&#146;</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>s Term Loans and by the aggregate amount of all Term Loans;
(f)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;with respect to any U.S. Lender and in reference to U.S.
Facility Obligations or other matters (including obligations to pay or reimburse Agent for Extraordinary Expenses owed by or in respect o of the U.S. Facility Obligors or to indemnify any Indemnitees for Claims relating to the U.S. Facility
Obligors) relating thereto which, in each case, are not governed by clause
(a)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;or clause (e)</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;preceding of this definition (as reasonably determined by Agent from time to time), a
percentage (carried out to the ninth decimal place) determined by dividing the amount of such U.S. Lender</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&#146;</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>s unused U.S. Revolver Commitment, unused Term Loan Commitment, and outstanding U.S. Revolver Loans, U.S. LC Obligations, and Term Loans, by the aggregate amount of all unused U.S. Revolver
Commitments, all unused Term Loan Commitments, and all U.S. Revolver Loans, U.S. LC Obligations, and Term Loans; and (g</STRIKE></FONT></B><B><U>and (e</U></B>)&nbsp;with respect to any Lender and in reference to any other matter relating to this
Agreement or any other Loan Document which is not governed by any of the preceding clauses of this definition (as reasonably determined by Agent from time to time), a percentage (carried out in the ninth decimal place) determined by dividing the
amount of such Lender&#146;s unused Revolver Commitments<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>, unused Term Loan Commitment,</STRIKE></FONT></B> and outstanding Loans and LC Obligations, by the aggregate amount of all
unused Revolver Commitments<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>, all unused Term Loan Commitments,</STRIKE></FONT></B> and all outstanding Loans and LC Obligations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><strike><u>Proceeds</u></strike></FONT><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>: as defined in Section<FONT STYLE="font-family:Times New Roman; font-size:11pt">&nbsp;7.1.</FONT></STRIKE> </FONT></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><strike><u>Proceeds of Crime Act</u></strike></FONT><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>: the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada) (or any successor statute), as amended from time to time, and includes all regulations
thereunder.</STRIKE></FONT> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman"><B><strike><u>Project Max Commitment
Letter</u></strike></B></FONT><FONT STYLE="font-family:Times New Roman"><B><STRIKE>: that certain Commitment Letter, dated as of the First Amendment to Third Amended and Restated Effective Date, by and among Parent, Bank of America, N.A. (or any of
its designated affiliates), JPMorgan Chase Bank, N.A. (together with any of its designated affiliates) and any Additional Lead Arranger (as defined therein) and any Additional Initial Lender (as defined therein) appointed in accordance with the
terms thereof.</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman"> </FONT></P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><strike><u>Properly Contested</u></strike></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt">: with respect to any obligation of any Person, (a)&nbsp;the obligation is subject to a
bona fide dispute regarding amount or such Person&#146;s liability to pay; (b)</FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt">&nbsp;the obligation is being properly contested in good faith by appropriate proceedings promptly
instituted and diligently pursued; (c)&nbsp;appropriate reserves have been established in accordance with GAAP; (d)</FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt">&nbsp;non-payment could not have a Material Adverse Effect;
(e)</FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt">&nbsp;no Lien is imposed on assets of such Person or its Affiliates (other than any Excluded Subsidiary) in an aggregate amount in excess of $1,000,000 for all such Liens, unless
bonded and stayed to the reasonable satisfaction of Agent; and (f)</FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt">&nbsp;if the obligation results from entry of a judgment or other order in an aggregate amount in excess of $1,000,000
for all such obligations, such judgment or order is stayed pending appeal or other judicial review.</FONT></STRIKE> </FONT></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman"><B><STRIKE><FONT STYLE="font-family:Times New Roman; font-size:12pt"><strike><u>Property
</u></strike></FONT>: any interest in any kind of property or asset, whether real, personal or mixed, or tangible or intangible.</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Protective Advances</U>: as defined in <B>Section</B><B></B><B>&nbsp;2.1.6</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Qualified ECP</U>: an Obligor with total assets exceeding $10,000,000, or that constitutes an &#147;eligible contract
participant&#148; under the Commodity Exchange Act and can cause another Person to qualify as an &#147;eligible contract participant&#148; under Section&nbsp;1a(18)(A)(v)(II) of such Act. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>RCRA</U>: the Resource Conservation and Recovery Act (42 U.S.C. &#167;&#167; 6991-6991i). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">RDPRM: <B><U>the </U></B>Quebec Register of Personal and Movable Real Rights <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>or</STRIKE></FONT></B><B><U>(le</U></B> Registre des droits personnels et reels mobiliers du Quebec<B><U>)</U></B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Real Estate</U>: all right, title and interest (whether as owner, lessor or lessee) in any real Property or any buildings,
structures, parking areas or other improvements thereon. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Related Real Estate Documents</U>: with respect to any Real
Estate subject to a Mortgage, the following, in form and substance reasonably satisfactory to Agent (or such other Persons as expressly set forth below): (a) all information requested by Agent or any Lender for due diligence and required for Agent
or any Lender to comply with Flood Laws; and (b)&nbsp;(i) a mortgagee title policy (or binder therefor) covering Agent&#146;s interest under the Mortgage, by an insurer reasonably acceptable to Agent, which must be fully paid as of the date of the
applicable Mortgage; (ii)&nbsp;such assignments of leases, estoppel letters, attornment agreements, consents, waivers and releases as Agent may reasonably require and which would be customarily obtained by a lender in connection with a mortgage
financing of a property such as the Real Estate with respect to other Persons having an interest in the Real Estate; (iii)&nbsp;a current, <FONT STYLE="white-space:nowrap">as-built</FONT> survey of the Real Estate and certified by a licensed
surveyor reasonably acceptable to Agent; (iv)&nbsp;a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">life-of-loan</FONT></FONT> flood hazard determination and, if any Real Estate is located in a special flood hazard zone, flood
insurance documentation and coverage as required by Flood Laws; (v)&nbsp;a current appraisal of the Real Estate, prepared by an appraiser acceptable to Agent, and in form and substance satisfactory to all Lenders; (vi)&nbsp;an environmental
assessment, prepared by environmental engineers acceptable to Agent, a customary environmental indemnity agreement if appropriate, and such other reports, certificates, studies or data as Agent may reasonably require, all in form and substance
satisfactory to all Lenders; and (vii)&nbsp;such other documents, legal opinions, instruments or agreements as Agent may reasonably require with respect to the Real Estate and Mortgage and which are customary for a mortgage financing transaction.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Relevant Governmental Body</U>: the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of
New York, or a committee officially endorsed or convened by the Board of </P>
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Governors of the Federal Reserve System or the Federal Reserve Bank of New York, or any successor thereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Relevant Rate</U>: with respect to any Loan denominated in (a)&nbsp;British Pounds, SONIA, (b)&nbsp;Swiss Francs, SARON,<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;and</STRIKE></FONT></B> (c)&nbsp;Euros, EURIBOR,
<B><U>(d)</U></B><B><U></U></B><B><U>&nbsp;Dollars, Term SOFR and (e)</U></B><B><U></U></B><B><U>&nbsp;Canadian Dollars, Canadian BA Rate, </U></B>as applicable.<U> </U> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Report</U>: as defined in <B>Section</B><B></B><B>&nbsp;12.2.3</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Reportable Event</U>: any of the events set forth in Section&nbsp;4043(c) of ERISA, other than events for which the 30 day
notice period has been waived. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Reporting Trigger Period</U>: the period (a)&nbsp;commencing on the day that an Event
of Default occurs, or Net Excess Availability is less than, at any time, an amount equal to 10% of the Maximum Facility Amount; and (b)&nbsp;continuing until, during the preceding 30 consecutive days, no Event of Default has existed and Net Excess
Availability has been greater than, at all times, an amount equal to 10% of the Maximum Facility Amount. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Required
Lenders</U>: Lenders (subject to <B>Section</B><B></B><B>&nbsp;4.2</B>) having unused Revolver Commitments<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>, unused Term Loan Commitments,</STRIKE></FONT></B> and outstanding Loans
and LC Obligations, in excess of 50% of the aggregate amount of all unused Revolver Commitments<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>, all unused Term Loan Commitments,</STRIKE></FONT></B> and all outstanding Loans and
LC Obligations; <U>provided</U>, <U>however</U>, that the Commitments and Loans of any Defaulting Lender shall be excluded from such calculation; <U>provided</U>, <U>further</U>, that at any time there are: (i) 3 or more Lenders, &#147;Required
Lenders&#148; must include at least 3 Lenders, and (ii)&nbsp;less than 3 Lenders, &#147;Required Lenders&#148; must include all Lenders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE><FONT STYLE="font-family:Times New Roman"><strike><u>Reserve
 Percentage</u></strike></FONT></STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>: the reserve percentage (expressed as a decimal, rounded up to the nearest 1/16th of 1%) applicable to member banks under
regulations issued by the Board of Governors for determining the maximum reserve requirement for Eurocurrency liabilities.</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Reset Date</U>: as defined <B>Section</B><B></B><B>&nbsp;5.13</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Resolution Authority</U>:<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;means</STRIKE></FONT></B> an EEA Resolutions Authority or, with respect to any U.K. Financial Institution, a U.K. Resolution Authority. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Restrictive Agreement</U>: an agreement (other than a Loan Document) that conditions or restricts the right of any
Borrower, Subsidiary or other Obligor to incur or repay Borrowed Money, to grant Liens on any assets, to declare or make Distributions, to modify, extend or renew any agreement evidencing Borrowed Money, or to <U>repay any intercompany Debt.</U>
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Revolver</U> Commitment: a U.S. Revolver Commitment and/or a Canadian Revolver Commitment and/or a German Revolver
Commitment and/or a U.K.<B><U>/Dutch</U></B> Revolver Commitment, as the context requires. &#147;<U>Revolver Commitment Total</U>&#148; means the U.S. Revolver Commitments and/or the Canadian Revolver Commitments and/or the German Revolver
Commitments and/or the U.K.<B><U>/Dutch</U></B> Revolver Commitment, as the context requires. &#147;<U>Revolver Commitments</U>&#148; means the aggregate of the U.S. Revolver Commitments, the Canadian Revolver Commitments, the German Revolver
Commitments, and the U.K.<B><U>/Dutch</U></B> Revolver Commitments. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Revolver Facilities</U>: as defined in
<B>Section</B><B></B><B>&nbsp;14.11(a)(vi).</B> </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">54 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Revolver Loan</U>: a U.S. Revolver Loan and/or a Canadian Revolver Loan
and/or a German Revolver Loan and/or a U.K.<B><U>/Dutch</U></B> Revolver Loan, as the context requires. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Revolver
Notes</U>: collectively, the U.S. Revolver Notes, the Canadian Revolver Notes, the German Revolver Notes, and the U.K.<B><U>/Dutch</U></B> Revolver Notes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Royalties</U>: all royalties, fees, expense reimbursement and other amounts payable by an Obligor or a Subsidiary under a
License. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>S&amp;P</U>: Standard&nbsp;&amp; Poor&#146;s Ratings Services, a division of The McGraw-Hill Companies, Inc.,
and its successors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Sanction</U>: any sanction administered or enforced by the U.S. government (including OFAC),
United Nations Security Council, European Union, U.K. government, Canadian government, German government or other sanctions authority. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>SARON</U>: with respect to any applicable determination date, the Swiss Average Rate Overnight published on such date on
the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Agent from time to time); provided however that if such determination date is not a Business Day, SARON means such
rate that applied on the first Business Day immediately prior thereto. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>SARON Adjustment</U>: with respect to SARON, <FONT
STYLE="white-space:nowrap">-0.0571%</FONT> per annum. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman"><STRIKE><strike><u>Screen Rate</u></strike>: in relation to LIBOR, the London
interbank offered rate administered by ICE</STRIKE></FONT><STRIKE></STRIKE><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE> Benchmark Administration
Limited</STRIKE></FONT><STRIKE></STRIKE><FONT STYLE="font-family:Times New Roman"><STRIKE> </STRIKE></FONT><FONT STYLE="font-family:Times New Roman"><STRIKE>(or any other person which takes over the administration of that rate) for the relevant
currency and period displayed on pages LIBOR01 or LIBOR02 of the Thomson Reuters screen (or any replacement Thomson Reuters page which displays that rate) or on the appropriate page of such other information service which publishes that rate from
time to time in place of Thomson Reuters</STRIKE></FONT> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>SARON Loans: a Loan bearing interest at a rate
determined by reference to the SARON Rate.</U></B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>SARON Rate: with respect to any Loan denominated in Swiss
Francs, the rate per annum equal to SARON determined pursuant to the definition thereof plus the SARON Adjustment; provided that in no event shall the SARON Rate be less than 0.00%. Any change in the SARON Rate shall be effective from and including
the date of such change without further notice</U></B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>SEC</U>: the Securities and Exchange Commission, or any
Governmental Authority succeeding to any of its principal functions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Second Amended and Restated Loan Agreement</U>:
as defined in the recitals hereto. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Second Amended Original Closing Date</U>: as defined in the recitals hereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Second Amendment Effective Date</U>: March&nbsp;20, 2020. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Second Amendment to Third Amended and Restated Effective Date</U>: January&nbsp;4, 2019. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">55 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Secured Bank Product Obligations</U>: Bank Product Debt owing to a
Secured Bank Product Provider, up to the maximum amount (in the case of any Secured Bank Product Provider other than Bank of America and its Affiliates<B><U> and branches</U></B>) specified by such provider in writing to Agent, which amount may be
established or increased (by further written notice to Agent from time to time) as long as no Default or Event of Default exists and no Overadvance would result from establishment of a Canadian Bank Product Reserve, German Bank Product Reserve, U.S.
Bank Product Reserve, or U.K. Bank Product Reserve, as applicable, for such amount and all other Secured Bank Product Obligations; <U>provided</U><I>,</I> that Secured Bank Product Obligations of an Obligor shall not include its Excluded Swap
Obligations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Secured Bank Product Provider</U>: (a)&nbsp;Bank of America or any of its Affiliates<B><U> or
branches</U></B>; and (b)&nbsp;any other Lender or Affiliate<B><U> or branch</U></B> of a Lender that is providing a Bank Product, provided such provider delivers written notice to Agent, in form and substance<B><U> reasonably</U></B> satisfactory
to Agent, by the later of the Closing Date or 10 days following creation of the Bank Product (for the avoidance of doubt, written notices delivered to Agent prior to the Closing Date do not need to be
<FONT STYLE="white-space:nowrap">re-delivered),</FONT> (i) describing the Bank Product and setting forth the maximum amount to be secured by the Collateral and the methodology to be used in calculating such amount, and (ii)&nbsp;agreeing to be bound
by <B>Section</B><B></B><B>&nbsp;12.13</B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Secured Parties</U>: Canadian Facility Secured Parties and/or German
Facility Secured Parties and/or U.S. Facility Secured Parties and/or U.K.<B><U>/Dutch</U></B> Facility Secured Parties, as the context requires. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Security Documents</U>: this Agreement, the Guarantees, Mortgages, IP Assignments, Canadian Security Agreements, German
Security Documents, U.K. <B><U>Security Documents, Dutch </U></B>Security Documents, Deposit Account Control Agreements,<B><U> Mexican Security Documents,</U></B><B><I> </I></B>and all other documents, instruments and agreements now or hereafter
securing (or given with the intent to secure) any Obligations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Senior Officer</U>: the chairman of the board,
director, president, chief executive officer, chief financial officer or treasurer of a Borrower or, if the context requires, an Obligor. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Settlement Report</U>: a report delivered by Agent to the Applicable Lenders summarizing the Revolver Loans and, if
applicable, participations in LC Obligations outstanding as of a given settlement date, allocated to the Applicable Lenders on a Pro Rata basis in accordance with their Revolver Commitments. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE><FONT STYLE="font-family:Times New Roman"><strike><u>SOFR
Early Opt-in</u></strike></FONT></STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>: the Agent and the Borrower Agent have elected to replace LIBOR pursuant to (1)</STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE></STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;an Early Opt-in Election and (2)</STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE></STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;
Section</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE></STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;3.6(b)(i) and paragraph (1)</STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE></STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;of the definition of </STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&#147;</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>Benchmark Replacement</STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&#148;</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>Sixth Amendment: that certain Sixth Amendment to Fourth Amended and Restated Loan and Security Agreement, dated as of
the Sixth Amendment</U></B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><U> Effective Date, by and among the Borrowers, the Agent and the </U></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><U>other parties
thereto.</U></B> </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>Sixth Amendment Effective Date: September</U></B><B><U></U></B><B><U>&nbsp;23,
2022.</U></B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>SOFR: the secured overnight financing rate as administered by FRBNY (or a successor
administrator).</U></B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>SOFR Adjustment: with respect to Daily Simple SOFR and Term SOFR, 0.10%</U></B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Solidary Claim</U>: as defined in <B>Section</B><B></B><B>&nbsp;12.1.1(b)</B>. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Solvent</U>: as to any Person, such Person (a)&nbsp;owns Property whose
fair salable value is greater than the amount required to pay all of its debts (including contingent, subordinated, unmatured and unliquidated liabilities); (b) owns Property whose present fair salable value (as defined below) is greater than the
probable total liabilities (including contingent, subordinated, unmatured and unliquidated liabilities) of such Person as they become absolute and matured; (c)&nbsp;is able to pay all of its debts as they mature; (d)&nbsp;has capital that is not
unreasonably small for its business and is sufficient to carry on its business and transactions and all business and transactions in which it is about to engage; (e)&nbsp;is not &#147;insolvent&#148; within the meaning of Section&nbsp;101(32) of the
U.S. Bankruptcy Code; and (f)&nbsp;has not incurred (by way of assumption or otherwise) any obligations or liabilities (contingent or otherwise) under any Loan Documents, or made any conveyance in connection therewith, with actual intent to hinder,
delay or defraud either present or future creditors of such Person or any of its Affiliates. &#147;<U>Fair salable value</U>&#148; means the amount that could be obtained for assets within a reasonable time, either through collection or through sale
under ordinary selling conditions by a capable and diligent seller to an interested buyer who is willing (but under no compulsion) to purchase. In addition to the foregoing, &#147;<U>Solvent</U>&#148; means, with respect to any Canadian Subsidiary,
that such Canadian Subsidiary is (i)&nbsp;adequately capitalized, (ii)&nbsp;owns assets, the value of which, on a going concern basis, exceeds the liabilities of such Person, (iii)&nbsp;will have sufficient working capital to pay its debts as they
become due, (iv)&nbsp;has not incurred (by way of assumption or otherwise) any obligations or liabilities (contingent or otherwise) under any Loan Documents, or made any conveyance in connection therewith, with actual intent to hinder, delay or
defraud either the present or future creditors of such Subsidiary or any of its Affiliates, and (v)&nbsp;is not an &#147;insolvent person&#148; as defined in the Bankruptcy and Insolvency Act (Canada). &#147;<U>Solvent</U>&#148; means, with respect
to any U.K. Subsidiary, it is not and is not deemed for the purpose of and under the Insolvency Act 1986 to be unable to pay its debts as they fall due (other than under section 123(1)(a) of the Insolvency Act 1986). &#147;<U>Solvent</U>&#148;
means, with respect to any German Domiciled Obligor, such Person not being illiquid (<I>zahlungsunf</I><I>&auml;</I><I>hig</I>) or overindebted (<I>&uuml;</I><I>berschuldet</I>) in accordance with section 17 and section 19, respectively, of the
German Insolvency Code (<I>Insolvenzordnung</I>).<B><U> </U></B><B><U>&#147;</U></B><B><U>Solvent</U></B><B><U>&#148;</U></B><B><U> means, with respect to any Dutch Subsidiary, that it has not (i)</U></B><B><U></U></B><B><U>&nbsp;been declared
bankrupt, (ii)</U></B><B><U></U></B><B><U>&nbsp;been dissolved, (iii)</U></B><B><U></U></B><B><U>&nbsp;subjected to a moratorium, and (iv)</U></B><B><U></U></B><B><U>&nbsp;entered into a private arrangement pursuant to the Court Approval of a
Private Composition (Prevention of Insolvency) Act (</U></B><B><I></I></B><B><U></U></B><B><I><U>Wet homologatie onderhands akkoord (WHOA)</U></I></B><B><U></U></B><B><I></I></B><B><U>).</U></B><B><I></I></B><B><U>
</U></B><B><I></I></B><B><U></U></B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>SONIA</U>: with respect to any applicable determination date, the Sterling
Overnight Index Average Reference Rate published on such date on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Agent from time to time); provided however that if
such determination date is not a Business Day, SONIA means such rate that applied on the first Business Day immediately prior thereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>SONIA Adjustment</U>:<SUP STYLE="font-size:75%; vertical-align:top"> </SUP>with respect to SONIA, 0.0326% per annum. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>SONIA Loan: a Loan bearing interest at a rate determined by reference to the SONIA Rate.</U></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>SONIA Rate: with respect to any Loan denominated in Sterling, the rate per annum equal to SONIA determined pursuant to
the definition thereof plus the SONIA Adjustment; provided that in no event shall the SONIA Rate be less than 0.00%. Any change in the SONIA Rate shall be effective from and including the date of such change without further notice.</U></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Specified Obligor:</U> an Obligor that is not then an &#147;eligible contract participant&#148; under the Commodity
Exchange Act (determined prior to giving effect to <B>Section</B><B></B><B>&nbsp;5.11</B>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Spot Rate</U>: the
exchange rate, as determined by Agent, that is applicable to conversion of one currency into another currency, which is (a)&nbsp;the exchange rate reported by Bloomberg (or other commercially available source designated by Agent) as of the end of
the preceding business day in the </P>
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financial market for the first currency; or (b)&nbsp;if such report is unavailable for any reason, the spot rate for the purchase of the first currency with the second currency as in effect
during the preceding business day in Agent&#146;s principal foreign exchange trading office for the first currency. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Subsidiary</U>: any entity at least 50% of whose voting securities or Equity Interests are owned by the Parent (including
indirect ownership by the Parent through other entities in which the Parent directly or indirectly owns at least 50% of the voting securities or Equity Interests), but excluding the Excluded Subsidiaries. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Successor Rate</U>: has the meaning set forth in <B>Section</B><B></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;3.11(g)</STRIKE></FONT></B><B><U>3.6</U></B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Supermajority Lenders</U>: Lenders (subject to <B>Section</B><B></B><B>&nbsp;4.2</B>) having (a)&nbsp;Revolver Commitments
in excess of 75% of the aggregate Revolver Commitments; and (b)&nbsp;if the Revolver Commitments have terminated, Revolver Loans and LC Obligations in excess of 75% of all outstanding Revolver Loans and LC Obligations; <U>provided</U>,
<U>however</U>, that the Commitments and Loans of any Defaulting Lender shall be excluded from such calculation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Swap</U>: as defined in Section&nbsp;1a(47) of the Commodity Exchange Act. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Swap Obligations</U>: with respect to an Obligor, its obligations under a Hedging Agreement that constitutes a
&#147;swap&#148; within the meaning of Section&nbsp;1a(47) of the Commodity Exchange Act. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Swingline Loans</U>: the
Canadian Swingline Loans, the German Swingline Loans, the U.S. Swingline Loans, and the U.K.<B><U>/Dutch</U></B> Swingline Loans. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Swiss Francs</U> or <U>CHF</U>: the lawful currency of Switzerland and Liechtenstein. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>TARGET2</U>: the Trans-European Automated Real-time Gross Settlement Express Transfer payment system which utilizes a
single shared platform and which was launched on November&nbsp;19, 2007. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>TARGET Day</U>: any day on which TARGET2 (or,
if such payment system ceases to be operative, such other payment system (if any) determined by the Agent acting reasonably to be a suitable replacement) is open for the settlement of payments in Euros. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Tax Credit</U>: a credit against, relief or remission for, or repayment of any Tax. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Tax Deduction</U>: as defined in <B>Section</B><B></B><B>&nbsp;5.9.2(a)</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Taxes</U>: 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-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman"><strike><u>Term Loan</u></strike></FONT><STRIKE>: a loan made by a U.S. Lender to
the U.S. Borrowers pursuant to Section</STRIKE><STRIKE></STRIKE><STRIKE>&nbsp;2.6, which Loan shall be denominated in Dollars and shall be either a U.S. Base Rate Loan or a LIBOR Loan, in each case as selected by Borrower Agent.</STRIKE> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Term Loan Collateral Agent</U>: as defined in the Intercreditor Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman"><strike><u>Term Loan Commitment</u></strike></FONT><STRIKE>: for any U.S. Lender,
the obligation of such U.S. Lender to make a Term Loan hereunder, up to the principal amount shown on Schedule 1.1, or as hereafter determined pursuant to each Assignment and Acceptance to which it is a party. </STRIKE><STRIKE></STRIKE>
</B></P>
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<STRIKE>&#147;</STRIKE><FONT STYLE="font-family:Times New Roman"><strike><u>Term Loan Commitments</u></strike></FONT><STRIKE>&#148;</STRIKE><STRIKE> means the aggregate amount of such commitments
of all Lenders.</STRIKE> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman"><strike><u>Term Loan Commitment Termination
Date</u></strike></FONT><STRIKE>: the earliest of (a)</STRIKE><STRIKE></STRIKE><STRIKE>&nbsp;the Facility Termination Date, (b)</STRIKE><STRIKE></STRIKE><STRIKE>&nbsp;the date on which the Borrower Agent terminates the Term Loan Commitments pursuant
to Section</STRIKE><STRIKE></STRIKE><STRIKE>&nbsp;2.6.4, (c) September 30, 2020, and (d)</STRIKE><STRIKE></STRIKE><STRIKE>&nbsp;the date on which the Term Loan Commitments are terminated pursuant to
Section</STRIKE><STRIKE></STRIKE><STRIKE>&nbsp;11.2.</STRIKE> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Term Loan Facility Agreement</U>: as defined in the
Intercreditor Agreement. </P> <P STYLE="margin-top:28pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Term </U><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><strike><u>Loan
Maturity Date</u></strike></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>: the earlier of (a)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;the Facility Termination Date, and (b)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;the date that is the three year anniversary of the making of the Terms Loans pursuant to
Section</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;2.6.</STRIKE></FONT></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman"><strike><u>Term SOFR</u></strike></FONT><STRIKE>: for the applicable
corresponding tenor (or if any Available Tenor of a Benchmark does not correspond to an Available Tenor for the applicable Benchmark Replacement, the closest corresponding Available Tenor and if such Available Tenor corresponds equally to two
Available Tenors of the applicable Benchmark Replacement, the corresponding tenor of the shorter duration shall be applied), the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental
Body.</STRIKE> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><strike><u>Term Loan Unused Commitment
Fee Rate</u></strike></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>:</STRIKE></FONT><FONT STYLE="font-family:Times New Roman"><STRIKE> a per annum rate equal to</STRIKE></FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;0.50%</STRIKE></FONT><U>SOFR:</U><U> (a)</U><U></U><U>&nbsp;for any Interest Period relating to a
Loan (other than a Base Rate Loan),</U><FONT STYLE="font-family:Times New Roman; font-size:12pt"><U> a per annum rate equal to </U></FONT><U>the Term SOFR Screen Rate two U.S. Government Securities Business Days prior to such Interest Period, with a
term equivalent to such Interest Period (or if such rate is not published prior to 11:00 a.m. on the determination date, the applicable Term SOFR Screen Rate on the U.S. Government Securities Business Day immediately prior thereto), plus the SOFR
Adjustment for such Interest Period; and (b)</U><U></U><U>&nbsp;for any interest calculation relating to a Base Rate Loan on any day, a fluctuating rate of interest equal to the Term SOFR Screen Rate with a term of one month commencing that day;
provided, that in no event shall Term SOFR be less than zero. </U><U></U> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>Term SOFR Loan: a Loan that bears
interest based on clause (a)</U></B><B><U></U></B><B><U>&nbsp;of the definition of Term SOFR.</U></B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>Term SOFR
Replacement Date: has the meaning specified in Section</U></B><B><U></U></B><B><U>&nbsp;3.6(b).</U></B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>Term SOFR
Revolver Loan: a Revolver Loan that bears interest at a rate based on clause (a)</U></B><B><U></U></B><B><U>&nbsp;of the definition of Term SOFR.</U></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>Term SOFR Screen Rate: the forward-looking SOFR term rate administered by CME (or any successor administrator
satisfactory to the Agent) and published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Agent from time to time).</U></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>Term SOFR Successor Rate: has the meaning specified in Section</U></B><B><U></U></B><B><U>&nbsp;3.6(b)</U></B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Termination Event</U>: (a)&nbsp;the whole or partial withdrawal of a Canadian Subsidiary from a Canadian Pension Plan
during a plan year; or (b)&nbsp;the filing of a notice of interest to terminate in whole or in part a </P>
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Canadian Pension Plan or the treatment of a Canadian Pension Plan amendment as a termination or partial termination; or (c)&nbsp;the institution of proceedings by any Governmental Authority to
terminate in whole or in part or have a trustee appointed to administer a Canadian Pension Plan; or (d)&nbsp;any other event or condition which might constitute grounds for the termination of or winding up, or partial termination of or winding up,
or the appointment of a trustee to administer, any Canadian Pension Plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Third Amended Original Closing Date</U>: as
defined in the recitals hereto. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Third Amendment to Second Amended and Restated Effective Date</U>: June&nbsp;23, 2014.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman"><strike><u>Third Amendment to Third Amended and Restated Effective
Date</u></strike></FONT><STRIKE>: February 1, 2019.</STRIKE> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Threshold Percentage</U>: <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>15</STRIKE></FONT></B><B><U>12.5</U></B>%. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Top Golf</U>:
Topgolf International, Inc., a Delaware corporation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Top Golf Acquisition</U>: the Acquisition by Parent, directly or
indirectly, of 100% of the Equity Interests of Top Golf in accordance with the Top Golf Acquisition Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Top
Golf Acquisition Agreement</U>: the Agreement and Plan of Merger by and among Parent, Merger Sub, and Top Golf, dated October&nbsp;27, 2020, as the same may be amended, restated, amended and restated, supplemented or otherwise modified from time to
time (a)&nbsp;in a manner that is not materially adverse to the Lenders in their capacities as such (it being understood that any decrease in the purchase price shall not be materially adverse to the Lenders and any increase in the purchase price,
to the extent funded with equity interests of Parent, shall not be materially adverse to the Lenders), or (b)&nbsp;with the consent of the Required Lenders (such consent not to be unreasonably withheld or delayed), pursuant to which Merger Sub
merges with and into Top Golf, with Top Golf as the surviving entity of such merger. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Top Golf Blocked Account</U>: as
defined in the definition of Top Golf Proceeds. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Top Golf Proceeds</U>: cash proceeds received by Parent in connection
with any: (a)&nbsp;sale of all or a portion of the Equity Interests of Top Golf owned by Parent (other than in connection with the Top Golf Acquisition), or (b)&nbsp;dividend received by Parent from Top Golf on account of Parent&#146;s ownership
interest in Top Golf; provided that (i)&nbsp;Parent elects to designate such proceeds as Top Golf Proceeds by at least five (5)&nbsp;Business Days (or such lesser time as approved by Agent in its sole discretion) prior written notice (such notice,
the &#147;Top Golf Proceeds Notice&#148;) to Agent of the occurrence of such transaction which will give rise to such cash proceeds; (ii)&nbsp;Parent sends written notice to Agent on the Business Day prior to the consummation of such transaction
which will give rise to such cash proceeds; (iii)&nbsp;on the day such cash proceeds are received by Parent, either (in accordance with Parent&#146;s election made in the Top Golf Proceeds Notice): (A) Parent deposits all of such proceeds in a
separate Deposit Account (such Deposit Account, the &#147;Top Golf Blocked Account&#148;), and provides evidence to Agent, in form and substance satisfactory to Agent, of such deposit, or (B)&nbsp;Agent establishes or modifies, as applicable, the
U.S. Top Golf Reserve, the U.K.<B><U>/Dutch</U></B> Top Golf Reserve, the German Top Golf Reserve and the Canadian Top Golf Reserve; (iv)&nbsp;the Top Golf Blocked Account shall not contain any other funds other than Top Golf Proceeds;
(v)&nbsp;Parent may remove Top Golf Proceeds from the Top Golf Blocked Account, provided, however that (A)&nbsp;once removed other than (1)&nbsp;to consummate Common Stock Repurchases or pay dividends on Parent&#146;s common stock, in each case in
accordance with Section&nbsp;10.2.6(g)(A) on the date of such removal or (2)&nbsp;to make Investments in accordance with Section&nbsp;10.2.2(k)(A) on the date of such removal, such funds shall no longer constitute Top Golf Proceeds, and
(B)&nbsp;Parent shall provide Agent (1)&nbsp;three (3) Business Days&#146; prior written notice of such removal, and (2)&nbsp;evidence of the removal of such funds from the Top Golf Blocked Account within two (2)&nbsp;Business Days of such removal;
(vi)&nbsp;Parent shall provide Agent with copies of all monthly </P>
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statements with respect to the Top Golf Blocked Account and such other information with respect to such Deposit Account as reasonably requested by Agent from time to time; and (vii)&nbsp;the Top
Golf Blocked Account shall be subject to a Deposit Account Control Agreement prior to any Top Golf Proceeds being deposited into the Top Golf Blocked Account. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Top Golf Proceeds Notice</U>: as defined in the definition of Top Golf Proceeds. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Total Revolver Exposure</U>: as of any date of determination, the sum of the U.S. Revolver Exposure <U>plus</U> the
Canadian Revolver Exposure <U>plus</U> the German Revolver Exposure <U>plus</U> the U.K.<B><U>/Dutch</U></B> Revolver Exposure. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Transferee</U>: any actual or potential Eligible Assignee, Participant or other Person acquiring an interest in any
Obligations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Travis Mathew Retail</U>: Travis Mathew Retail, LLC, a California limited liability company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Treaty Lender</U>: a Lender which: (a)&nbsp;is treated as a resident of a Treaty State for the purposes of a Treaty; and
(b)&nbsp;does not carry on a business in the United Kingdom through a permanent establishment with which that Lender&#146;s participation in the Loan is effectively connected. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Treaty State</U>: a jurisdiction having a double taxation agreement (a &#147;<U>Treaty</U>&#148;) with the United Kingdom
which makes provision for full exemption from tax imposed by the United Kingdom on interest. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Type</U>: any type of a
Loan (<I>i.e.</I>, a <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR</U></B> Loan, a U.S. Base Rate Loan, a Canadian BA Rate Loan, a Canadian Base Rate Loan, a Canadian Prime Rate Loan, a
German Base Rate Loan, a U.K.<B><U>/Dutch</U></B> Base Rate Loan, <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>an Alternative Currency Daily Rate</STRIKE></FONT></B><B><U>a SONIA</U></B> Loan,<B><U> a SARON Loan</U></B> or
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>an Alternative Currency Term Rate</STRIKE></FONT></B><B><U>a EURIBOR</U></B> Loan) and, in the case of
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR</U></B> Loans, Canadian BA Rate Loans and <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>Alternative Currency Term
Rate</STRIKE></FONT></B><B><U>EURIBOR</U></B> Loans, the same Interest Period. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>UCC</U>: the Uniform Commercial Code as
in effect in the State of New York or, when the laws of any other jurisdiction govern the perfection or enforcement of any Lien, the Uniform Commercial Code of such jurisdiction. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman"><strike><u>Unfunded Pension Liability</u></strike></FONT><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>: the excess of a Pension Plan&#146;s benefit liabilities under Section&nbsp;4001(a)(16) of ERISA, over the current value of that Pension Plan&#146;s assets, determined in accordance with
the assumptions used for funding the Pension Plan pursuant to Section<FONT STYLE="font-family:Times New Roman; font-size:11pt">&nbsp;412 of the Code for the applicable plan year and includes any unfunded liability or solvency deficiency as
determined for the purposes of the PBA in respect of any Canadian Pension Plan.</FONT></STRIKE> </FONT></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT
STYLE="font-family:Times New Roman"><strike><u>uPlay</u></strike></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>: uPlay, Inc., a Delaware corporation.</STRIKE></FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.K./Canadian/German Allocable Amount</U>: as defined in <B>Section</B><B></B><B>&nbsp;5.11</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.K./Canadian/German Guarantor Payment</U>: as defined in <B>Section</B><B></B><B>&nbsp;5.11</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.K</U>. and <U>United Kingdom</U>: the United Kingdom of Great Britain and Northern Ireland. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.K.</U><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><U>
</U></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><U>Bank Product Reserve: the aggregate amount of reserves established by Agent from time to time in its discretion in respect of Secured Bank Product Obligations owing by the
U.K.</U></FONT></B><B><U>/Dutch</U></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><U> </U></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><U>Domiciled Obligors and their Subsidiaries.</U></FONT></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><U>U.K. Borrower</U></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><B><U>: as defined in the preamble to this Agreement.</U></B> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>U.K. Domiciled Obligor: each U.K. Subsidiary which is at any time an Obligor, and </U></B><B><U>&#147;</U></B><B><U>U.K.
Domiciled Obligors</U></B><B><U>&#148;</U></B><B><U> means all such Persons, collectively.</U></B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><U>U.K. Dominion Account: a special account established by the U.K. Borrower at Bank of America, N.A. (London Branch) or another bank acceptable to Agent, over which Agent has exclusive control
for withdrawal purposes at all times.</U></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"> </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><U>U.K.</U></FONT></B><B><U>/Dutch</U><U> </U>Accounts Formula Amount</B>: (a)&nbsp;as of any date of determination within the period beginning on May&nbsp;1 through and including October&nbsp;31
of each Fiscal Year, 85% of the Value of Eligible Accounts of the
U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B>; and (b)&nbsp;as of
any date of determination within the period beginning on November&nbsp;1 through and including April&nbsp;30 of each Fiscal Year, 90% of the Value of Eligible Accounts of the
U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.K.</U><B><U>/Dutch</U></B><U> Availability</U>: as of any date of determination, the U.K.<B><U>/Dutch</U></B> Borrowing
Base as of such date of determination <U>minus</U> the aggregate principal amount of all U.K.<B><U>/Dutch</U></B> Revolver Loans outstanding on such date of determination. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.K.</U><B><U>/Dutch</U></B><U> Availability Reserve</U>: the sum (without duplication) of (a)&nbsp;the Inventory Reserve
with respect to the U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch
Borrowers</U></B>&#146;<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>s</STRIKE></FONT></B> Inventory; (b)&nbsp;the U.K.<B><U>/Dutch</U></B> Rent and Charges Reserve; (c)&nbsp;the U.K.<B><U>/Dutch</U></B> LC Reserve;
(d)&nbsp;the U.K. Bank Product Reserve; (e)&nbsp;all accrued Royalties of the U.K.<B><U>/Dutch</U></B> Domiciled Obligors, whether or not then due and payable by a U.K.<B><U>/Dutch</U></B> Domiciled Obligor; (f)&nbsp;the aggregate amount of
liabilities secured by Liens upon U.K.<B><U>/Dutch</U></B> Facility Collateral that are senior to the Agent&#146;s Liens (but imposition of any such reserve shall not waive an Event of Default arising therefrom); (g) the U.K.<B><U>/Dutch</U></B>
Dilution Reserve; (h)&nbsp;the U.K.<B><U>/Dutch</U></B> Top Golf Reserve; (i)&nbsp;the U.K.<B><U>/Dutch</U></B> Priority Payables Reserve; and (j)&nbsp;such additional reserves, in such amounts and with respect to such matters, as Agent in its
Credit Judgment may elect to impose from time to time with respect to the U.K.<B><U>/Dutch</U></B> Borrowing Base. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.K.</U><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><strike><u> Bank Product Reserve</u></strike></FONT></B><FONT STYLE="font-family:Times New Roman"><B><STRIKE>: the aggregate amount of reserves established by Agent from time to time in its
discretion in respect of Secured Bank Product Obligations owing by the U.K.&nbsp;Domiciled Obligors and their Subsidiaries.</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><strike><u>U.K.</u></strike></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><B><U>/Dutch</U></B><U> Base Rate Loan</U>: a U.K.<B><U>/Dutch</U></B> Revolver Loan, or portion thereof, funded in Dollars and bearing interest calculated by reference to the Foreign Base Rate.
</FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.K.</U><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><strike><u> Borrower</u></strike></FONT></B><B><U>/Dutch Borrowers</U></B>: as defined in the preamble to this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.K.</U><B><U>/Dutch</U></B><U> Borrowing Base</U>: on any date of determination, an amount<B> </B>equal to the lesser of
(a)&nbsp;the result of: (i)&nbsp;the Maximum U.K.<B><U>/Dutch</U></B> Facility Amount, <U>minus</U> (ii)&nbsp;the U.K.<B><U>/Dutch</U></B> LC Reserve, minus (iii)&nbsp;the U.K.<B><U>/Dutch</U></B> Top Golf Reserve; or (b)&nbsp;the result of:
(i)&nbsp;the U.K.<B><U>/Dutch</U></B> Accounts Formula Amount, <U>plus</U> (ii)&nbsp;the U.K.<B><U>/Dutch</U></B> Inventory Formula Amount, <U>plus</U> (iii) 100% of the amount of U.K.<B><U> Pledged Cash and Dutch</U></B> Pledged Cash, <U>minus</U>
(iv)&nbsp;the U.K.<B><U>/Dutch</U></B> Availability Reserve. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">62 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.K.</U><B><U>/Dutch</U></B><U> Borrowing Base Certificate</U>: a
certificate, in form and substance satisfactory to Agent, by which the U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower
certifies</STRIKE></FONT></B><B><U>/Dutch Borrowers certify</U></B> calculation of the U.K.<B><U>/Dutch</U></B> Borrowing Base. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.K.</U><B><U>/Dutch</U></B><U> Cash Collateral Account</U>: a demand deposit, money market or other account established by
Agent at Bank of America, N.A. (London Branch) or such other financial institution as Agent may select in its discretion, which account shall be for the benefit of the U.K.<B><U>/Dutch</U></B> Facility Secured Parties and shall be subject to
Agent&#146;s Liens securing the U.K.<B><U>/Dutch</U></B> Facility Obligations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.K.</U><B><U>/Dutch</U></B><U>
Dilution Reserve</U>: as of any date of determination, an amount sufficient to reduce the advance rate against Eligible Accounts of the U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B> by 1% for each whole percentage point (or portion thereof) by which the Dilution Percent is in excess of 5.0%. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.K.</U><B><U>/Dutch</U></B><U> Domiciled Obligor</U>: each <B><U>(i)</U></B><B><U></U></B>&nbsp;U.K. <B><U>Domiciled
Obligor, and (ii)</U></B><B><U></U></B><B><U>&nbsp;each Dutch </U></B>Subsidiary which is at any time an Obligor, and &#147;<U>U.K.</U><B><U>/Dutch</U></B><U> Domiciled Obligors</U>&#148; means all such Persons, collectively. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman"><strike><u>U.K. Dominion Account</u></strike></FONT><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>: a special account established by the U.K. Borrower at Bank of America, N.A. (London Branch) or another bank acceptable to Agent, over which Agent has exclusive control for withdrawal
purposes at all times.</STRIKE></FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><strike><u>U.K.</u></strike></FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>U.K./Dutch</U></B><U> Eligible Foreign Account</U>: an Account of <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>the</STRIKE></FONT></B><B><U>a</U></B> U.K.<B><U>/Dutch</U></B> Borrower that is owed by an Account Debtor that is organized or has its principal offices or assets in a jurisdiction<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;(a) that has been a Participating Member State since before May 2004 or
(b)</STRIKE></FONT></B>&nbsp;that is listed on <B>Schedule 1.1C</B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.K.</U><B><U>/Dutch</U></B><U> Expeditors
Reserve</U>: as of any date of determination, the aggregate amount of accounts payable owed by any U.K.<B><U>/Dutch</U></B> Facility Obligor to Expeditors, as determined by Agent in its Credit Judgment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.K.</U><B><U>/Dutch</U></B><U> Facility Collateral</U>: all Collateral that now or hereafter secures (or is intended to
secure) any of the <U>U.K.</U><B><U>/Dutch</U></B> Facility Obligations, including Property of each U.K.<B><U>/Dutch</U></B> Domiciled Obligor, each U.S. Domiciled Obligor, each German Domiciled Obligor, and each Canadian Domiciled Obligor. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.K.</U><B><U>/Dutch</U></B><U> Facility Guarantee</U>: each guarantee agreement (including this Agreement) at any time
executed by a <U>U.K.</U><B><U>/Dutch</U></B> Facility Guarantor in favor of Agent guaranteeing all or any portion of the U.K.<B><U>/Dutch</U></B> Facility Obligations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.K.</U><B><U>/Dutch</U></B><U> Facility Guarantor</U>: Parent, each U.K. Subsidiary<B><U> party hereto from time to
time</U></B>, each Canadian Subsidiary<B><U> party hereto from time to time, each Dutch Subsidiary party hereto from time to time</U></B>, each German Subsidiary<B><U> party hereto from time to time</U></B>, each U.S. Subsidiary <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>(other than uPlay unless uPlay becomes a Guarantor in accordance with</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE> </STRIKE></FONT><FONT STYLE="font-family:Times New Roman"><strike><u>Section
10.2.15</u></strike></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>)</STRIKE></FONT></B><B><U>party hereto from time to time</U></B>, and each other Person (if any) who guarantees payment and performance of any
U.K.<B><U>/Dutch</U></B> Facility Obligations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.K.</U><B><U>/Dutch</U></B><U> Facility Obligations</U>: all
Obligations of the U.K.<B><U>/Dutch</U></B> Facility Obligors (excluding, for the avoidance of doubt, the Obligations of the U.S. Domiciled Obligors as guarantors of any U.S. Facility Obligations). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">63 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.K.</U><B><U>/Dutch</U></B><U> Facility Obligor</U>: each of the U.K.<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B> or any U.K.<B><U>/Dutch</U></B>
Facility Guarantor, and &#147;<U>U.K.</U><B><U>/Dutch</U></B><U> Facility Obligors</U>&#148; means all of such Persons, collectively. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.K.</U><B><U>/Dutch</U></B><U> Facility Secured Parties</U>: the Agent, the U.K.<B><U>/Dutch</U></B> Issuing Bank, the
U.K.<B><U>/Dutch</U></B> Lenders and the Secured Bank Product Providers who provide Bank Products to the U.K.<B><U>/Dutch</U></B> Facility Obligors and their Subsidiaries. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B></B><U>U.K.</U><B><STRIKE></STRIKE><FONT STYLE="font-family:Times New Roman"><strike><u> Financial
Institution:</u></strike> </FONT><FONT STYLE="font-family:Times New Roman"><STRIKE>means </STRIKE></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>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 with 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.</STRIKE></FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman"><strike><u>U.K. Holdings</u></strike></FONT><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>: Callaway Golf European Holding Company Limited, a company incorporated in England with company number 06468420.</STRIKE></FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><strike><u>U.K.</u></strike></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><B><U>/Dutch</U></B><U> Inventory Formula Amount</U>: as of any date of determination, the lesser of (a)<B>&nbsp;<FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>the sum of
(i)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;with respect to Eligible Inventory that has been owned by the
U.K. Borrower for less than one (1)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;calendar year as of the
applicable date of determination, (A)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;for the period beginning on
March 1 through and including September 30 of each Fiscal Year, 65% of the Value of such U.K. Borrower</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&#146;</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>s Eligible Inventory, (B)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;for the period beginning on October 1 through and including February 28 (or February 29, as applicable) of each Fiscal Year,</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B>&nbsp;75% of the Value of <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>such</STRIKE></FONT></B><B><U>the</U></B> U.K.<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B>&#146;<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>s</STRIKE></FONT></B> Eligible
Inventory<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>,</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B>&nbsp;
<FONT STYLE="font-family:Times New Roman"><strike><u>plus</u></strike></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;(ii)
with respect to Eligible Inventory that has been owned by the U.K. Borrower for more than one (1)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;calendar year, as of the applicable date of determination, 50% of the Value of such U.K.
Borrower</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&#146;</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>s Eligible Inventory; or</STRIKE></FONT></B><B><U>
and</U></B> (b) 85% of the NOLV Percentage of the Value of the
U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B>&#146;<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>s</STRIKE></FONT></B> Eligible Inventory. Notwithstanding the foregoing, the aggregate amount of the U.K.<B><U>/Dutch</U></B> Inventory Formula Amount which may be attributed to Eligible <FONT
STYLE="white-space:nowrap">In-Transit</FONT> Inventory (the &#147;<U>U.K.</U><B><U>/Dutch</U></B><U> <FONT STYLE="white-space:nowrap">In-Transit</FONT> Availability</U>&#148;) shall not exceed $<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>2,000,000</STRIKE></FONT></B><B><U>5,000,000</U></B>; <U>provided</U> that<I>,</I> the U.K.<B><U>/Dutch</U></B> <FONT STYLE="white-space:nowrap">In-Transit</FONT> Availability (after taking
into effect the previous proviso) shall be reduced by the U.K.<B><U>/Dutch</U></B> Expeditors Reserve if, as of any date of determination, either (I)&nbsp;U.K.<B><U>/Dutch</U></B> Net Excess Availability is less than 10% of the Maximum
U.K.<B><U>/Dutch</U></B> Facility Amount, or (II)&nbsp;there are any accounts payable owed by any U.K.<B><U>/Dutch</U></B> Facility Obligor to Expeditors which are aged in excess of historical levels (except in cases of good faith disputes).
</FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.K.</U><B><U>/Dutch</U></B><U> Issuing Bank</U>: Bank of America or an Affiliate of Bank of America. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.K.</U><B><U>/Dutch</U></B><U> LC Obligations</U>: the sum (without duplication) of (a)&nbsp;all amounts owing by the
U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B> for any drawings under
Letters of Credit; (b)&nbsp;the stated amount of all outstanding Letters of Credit issued for the account of the U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B>, which if such Letter of Credit is denominated in a currency other than Dollars, British Pounds or Euros, may be stated by
Agent (at its option) in Dollars, British Pounds or Euros calculated at the Spot Rate; and (c)&nbsp;all fees and other amounts owing with respect to Letters of Credit issued for the account of the U.K.<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B>. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">64 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.K.</U><B><U>/Dutch</U></B><U> LC Reserve</U>: the aggregate of all
U.K.<B><U>/Dutch</U></B> LC Obligations, other than those that have been Cash Collateralized. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.K.</U><B><U>/Dutch</U></B><U> Lenders</U>: each Lender that has issued a U.K.<B><U>/Dutch</U></B> Revolver Commitment
(provided that such Person or an Affiliate of such Person also has a U.S. Revolver Commitment). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.K.</U><B><U>/Dutch</U></B><U> Letter of Credit Subline</U>: $2,000,000. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.K.</U><B><U>/Dutch</U></B><U> Letters of Credit</U>: any standby or documentary letter of credit issued by the
U.K.<B><U>/Dutch</U></B> Issuing Bank for the account of the
U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B>, or any indemnity,
guarantee, exposure transmittal memorandum or similar form of credit support issued by Agent or the U.K.<B><U>/Dutch</U></B> Issuing Bank for the benefit of
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>the</STRIKE></FONT></B><B><U>a</U></B> U.K.<B><U>/Dutch</U></B> Borrower or any of its Subsidiaries. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.K.</U><B><U>/Dutch</U></B><U> Net Excess Availability</U>: as of any date of determination, an amount equal to the
U.K.<B><U>/Dutch</U></B> Availability <U>minus</U> the aggregate amount, if any, of all trade payables of U.K.<B><U>/Dutch</U></B> Domiciled Obligors that are more than 60 days past due (or such later date as Agent may approve in its sole
discretion) and all book overdrafts of U.K.<B><U>/Dutch</U></B> Domiciled Obligors in excess of historical practices with respect thereto, in each case as determined by Agent in its Credit Judgment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><strike><u>U.K.</u></strike></FONT><FONT
STYLE="font-family:Times New Roman"><strike><u> Non-Bank Lender</u></strike></FONT><STRIKE>: means:</STRIKE> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;where a Lender becomes a party to this Agreement on the day on which this Agreement is entered into, any Lender listed in Schedule 1.1D;
and</STRIKE></FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;where
a Lender becomes a party to this Agreement after the day on which this Agreement is entered into, a Lender which gives a U.K. Tax Confirmation in the assignment notice which it executes pursuant to, or in connection with, Section 13.3
below.</STRIKE></FONT> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman"><strike><u>U.K.</u></strike></FONT></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman"><strike><u>U.K.</u></strike></FONT></B><B><U>/Dutch</U></B><U> Overadvance</U>:
as defined in <B>Section</B><B></B><B>&nbsp;2.1.5</B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.K.</U><B><U>/Dutch</U></B><U> Overadvance Loan</U>: a
U.K.<B><U>/Dutch</U></B> Revolver Loan made to <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>the</STRIKE></FONT></B><B><U>a</U></B> U.K.<B><U>/Dutch</U></B> Borrower when a U.K.<B><U>/Dutch</U></B> Overadvance exists or is
caused by the funding thereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.K.</U><B><U>/Dutch</U></B><U> Overadvance Loan Balance</U>: on any date, the amount
by which the aggregate U.K.<B><U>/Dutch</U></B> Revolver Exposure exceeds the amount of the U.K.<B><U>/Dutch</U></B> Borrowing Base on such date. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman"><strike><u>U.K.</u></strike></FONT></B><B><U>U.K.</U></B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><strike><u> Pledged Cash</u></strike></B></FONT><FONT STYLE="font-family:Times New Roman"><B><STRIKE>:</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman"><B><STRIKE>
</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman"><B><STRIKE>t</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman"><B><STRIKE>he funds maintained in a blocked Deposit Account or securities account of the U.K. Borrower subject to
a Deposit Account Control Agreement or securities account control agreement, as applicable, which give Agent at all times exclusive access and control for withdrawal purposes to the exclusion of the U.K. Borrower and precluding the U.K. Borrower
from withdrawing or otherwise giving any instructions in connection therewith and which may not be withdrawn without the Agent&#146;s prior written
consent</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>,</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt">&nbsp;and which are subject to effective security documents, in form and
substance satisfactory to Agent, that provide Agent with an unencumbered perfected first priority/ranking security interest in and Lien on such funds</FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>.</STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><B><U>/Dutch</U></B><U> Priority Payables Reserve</U>: as of any date of determination, a reserve in such amount as the Agent may determine in its Credit Judgment
</FONT></P>
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to reflect the full amount of any liabilities or amounts which (by virtue of any Liens or any statutory provision) rank or are capable of ranking in priority to the Agent&#146;s Liens and/or for
amounts which may represent costs relating to the enforcement of the Agent&#146;s Liens including, without limitation, but only to the extent prescribed pursuant to English law and statute then in force, (i)&nbsp;amounts due to employees in respect
of unpaid wages and holiday pay, (ii)&nbsp;the amount of all scheduled but unpaid pension contributions, (iii)&nbsp;the &#147;prescribed part&#148; of floating charge realisations held for unsecured creditors, and (iv)&nbsp;the expenses and
liabilities incurred by any administrator (or other insolvency officer) and any remuneration of such administrator (or other insolvency officer). </P>
<P STYLE="margin-top:28pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><strike><u>U.K.</u></strike></FONT></B><U>U.K.</U><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman"><U STYLE="border-bottom:1pt double; padding-bottom:1pt"> Qualified Lender</U></FONT></B><B><FONT
STYLE="font-family:Times New Roman"><STRIKE>:</STRIKE></FONT></B><B> </B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><B><STRIKE>(i) a Lender (other than a Lender within paragraph (ii)&nbsp;below) which is beneficially entitled to interest payable to that Lender in respect of any advance under the Loan Documents
and is:<FONT STYLE="font-family:Times New Roman; font-size:12pt">&nbsp;</FONT></STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><STRIKE>(A) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
Lender:</STRIKE></B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;(1) which is a bank (as defined for the purpose of section 879 of the Income Tax Act 2007 (United Kingdom) (&#147;</STRIKE></FONT><FONT STYLE="font-family:Times New Roman"><strike><u>ITA</u></strike></FONT><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>&#148;</STRIKE></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>) making an advance under the Loan<FONT STYLE="font-family:Times New Roman; font-size:11pt">
Documents; or </FONT></STRIKE> </FONT></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;(2) in respect of an advance made under the Loan Documents by a person that&nbsp;was a bank (as defined for the purpose of section 879 of ITA) at the time that
that<FONT STYLE="font-family:Times New Roman; font-size:11pt">&nbsp;advance was made</FONT></STRIKE> </FONT></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><B><STRIKE>and with respect to (i)(A)(1) and (i)(A)(2), which is within the charge to U.K. corporation tax as respects any payments of interest made in respect of that advance or would be within
such charge as respects such payments apart from section 18A of the Corporation Taxes Act 2009 (United Kingdom)
(&#147;</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><U STYLE="border-bottom:1pt double; padding-bottom:1pt">CTA</U></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><STRIKE>&#148;);
or</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"> </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><B><STRIKE>(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a Lender which is:</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;(1) a company resident in the U.K. for U.K. tax purposes;<FONT STYLE="font-family:Times New Roman; font-size:12pt">&nbsp;</FONT></STRIKE> </FONT></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;(2) a partnership each member of which is:</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:11%; text-indent:-3%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) a company so resident in the U.K.; or </STRIKE> </FONT></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:22%; text-indent:-3%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>(b) a company not so resident in the
U.K. which carries on a trade in the U.K. through a permanent establishment and which brings into account in computing its chargeable profits (within the meaning of section 19 of the CTA the whole of any share of interest payable in respect of that
advance that falls to it by reason of Part 17 of the CTA; or<FONT STYLE="font-family:Times New Roman; font-size:12pt">&nbsp;</FONT></STRIKE> </FONT></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:16%; text-indent:-3%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>(3) a company not so resident in the
U.K. which carries on a trade in the U.K. through a permanent establishment and which brings into account interest<FONT STYLE="font-family:Times New Roman; font-size:12pt">&nbsp;</FONT></STRIKE>
</FONT></B></P>
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<FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>payable in respect of that advance in computing the chargeable profits (within the meaning of section 19 of the CTA) of that
company; or<FONT STYLE="font-family:Times New Roman; font-size:12pt">&nbsp;</FONT></STRIKE> </FONT></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>(C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a Treaty Lender; or</STRIKE></FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>(ii)
 a building society (as defined for the purposes of section 880 of ITA) making an advance under the Loan Documents.</STRIKE></FONT></B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><U>/Dutch</U></B><U> Reimbursement Date</U>: as
defined in <B>Section</B><B></B><B>&nbsp;2.2.2</B>. </FONT></FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.K.</U><B><U>/Dutch</U></B><U> Rent and Charges
Reserve</U>: the aggregate of (a)&nbsp;all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any
U.K.<B><U>/Dutch</U></B> Facility Collateral or could assert a Lien on any U.K.<B><U>/Dutch</U></B> Facility Collateral; and (b)&nbsp;a reserve at least equal to three months&#146; rent and other charges that <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>could</STRIKE></FONT></B><B><U>are reasonably expected to</U></B> be payable to any such Person, unless it has executed a Lien Waiver. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.K.</U><B><U>/Dutch</U></B><U> Required Lenders</U>: U.K.<B><U>/Dutch</U></B> Lenders (subject to
<B>Section</B><B></B><B>&nbsp;4.2</B>) having (a)&nbsp;U.K.<B><U>/Dutch</U></B> Revolver Commitments in excess of 50% of the aggregate U.K.<B><U>/Dutch</U></B> Revolver Commitments; and (b)&nbsp;if the U.K.<B><U>/Dutch</U></B> Revolver Commitments
have terminated, U.K.<B><U>/Dutch</U></B> Revolver Loans and U.K.<B><U>/Dutch</U></B> LC Obligations in excess of 50% of all outstanding U.K.<B><U>/Dutch</U></B> Revolver Loans and U.K.<B><U>/Dutch</U></B> LC Obligations; <U>provided</U>,
<U>however</U>, that the U.K.<B><U>/Dutch</U></B> Revolver Commitments and U.K.<B><U>/Dutch</U></B> Revolver Loans of any Defaulting Lender shall be excluded from such calculation; <U>provided</U>, <U>further</U>, that at any time there are: (i) 3
or more U.K.<B><U>/Dutch</U></B> Lenders, &#147;U.K.<B><U>/Dutch</U></B> Required Lenders&#148; must include at least 3 U.K.<B><U>/Dutch</U></B> Lenders, and (ii)&nbsp;less than 3 U.K.<B><U>/Dutch</U></B> Lenders, &#147;U.K.<B><U>/Dutch</U></B>
Required Lenders&#148; must include all U.K.<B><U>/Dutch</U></B> Lenders. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman"><strike><u><B>U.K.</B></u></strike></FONT><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><U>U.K.</U><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><strike><u> Resolution
Authority:</u></strike></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;means</STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman"><B><STRIKE> the Bank of England or any other public administrative authority having responsibility for the resolution of any U.K. Financial
Institution.</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman"><B><U>/Dutch</U></B><U> Revolver Commitment</U>: for any U.K.<B><U>/Dutch</U></B> Lender, its obligation to make U.K.<B><U>/Dutch</U></B> Revolver Loans and to participate in
U.K.<B><U>/Dutch</U></B> LC Obligations, in the applicable Available Currencies, up to the maximum principal amount shown on <B>Schedule 1.1</B>, or as hereafter determined pursuant to each Assignment and Acceptance to which it is a party, as such
U.K.<B><U>/Dutch</U></B> Revolver Commitment may be adjusted from time to time in accordance with the provisions of <B>Sections 2.1.4 </B>or <B>11.2</B>. &#147;<U>U.K.</U><B><U>/Dutch</U></B><U> Revolver Commitments</U>&#148; means the aggregate
amount of such commitments of all U.K.<B><U>/Dutch</U></B> Lenders. </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.K.</U><B><U>/Dutch</U></B><U> Revolver
Commitment Termination Date</U>: the earliest of (a)&nbsp;the U.S. Revolver Commitment Termination Date (without regard to the reason therefor), (b) the date on which the Borrower Agent terminates or reduces to zero all of the
U.K.<B><U>/Dutch</U></B> Revolver Commitments pursuant to <B>Section</B><B></B><B>&nbsp;2.1.4</B>, and (c)&nbsp;the date on which the U.K.<B><U>/Dutch</U></B> Revolver Commitments are terminated pursuant to <B>Section</B><B></B><B>&nbsp;11.2</B>.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.K.</U><B><U>/Dutch</U></B><U> Revolver Exposure</U>: on any date, an amount equal to the sum of the Dollar
Equivalent of the U.K.<B><U>/Dutch</U></B> Revolver Loans outstanding on such date <U>plus</U> the U.K.<B><U>/Dutch</U></B> LC Obligations on such date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.K.</U><B><U>/Dutch</U></B><U> Revolver Loan</U>: a Revolver Loan made by U.K.<B><U>/Dutch</U></B> Lenders to <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>the</STRIKE></FONT></B><B><U>a</U></B> U.K.<B><U>/Dutch</U></B> Borrower pursuant to <B>Section</B><B></B><B>&nbsp;2.1.1(c)</B>, which Revolver Loan shall be either a
U.K.<B><U>/Dutch</U></B> Base Rate Loan (which shall be denominated in Dollars
only)<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;or</STRIKE></FONT></B><B><U>,</U></B> a <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR</U></B> Loan (which <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>may</STRIKE></FONT></B><B><U>shall</U></B> be
</P>
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denominated in Dollars<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>,</STRIKE></FONT></B><B><U> only), a SONIA Loan (which shall be denominated in</U></B> British Pounds
<B><U>only) </U></B>or <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>Euros, as selected by the Borrower Agent</STRIKE></FONT></B><B><U>a EURIBOR Loan (which shall be denominated in Euros only</U></B>)<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>,</STRIKE></FONT></B> and any U.K.<B><U>/Dutch</U></B> Swingline Loan, U.K.<B><U>/Dutch</U></B> Overadvance Loan or Protective Advance made to or owed by <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>the</STRIKE></FONT></B><B><U>a</U></B> U.K.<B><U>/Dutch</U></B> Borrower. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.K.</U><B><U>/Dutch</U></B><U> Revolver Notes</U>: a promissory note executed by the U.K.<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B> in favor of a
U.K.<B><U>/Dutch</U></B> Lender in the form of <B>Exhibit <FONT STYLE="white-space:nowrap">A-3</FONT></B>, in the amount of such U.K.<B><U>/Dutch</U></B> Lender&#146;s U.K.<B><U>/Dutch</U></B> Revolver Commitment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman"><STRIKE>U.K. Security Agreement</STRIKE></FONT><STRIKE>:</STRIKE>
<STRIKE></STRIKE> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE>(a)</STRIKE><STRIKE></STRIKE><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>&nbsp;the debenture
dated 15 June 2012 and made by the U.K. Borrower in favor of the Agent;</STRIKE></FONT> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>(b) the supplemental debenture dated 18 December 2013 and made by the U.K. Borrower in favor of the Agent;</STRIKE></FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>(c)&nbsp;the debenture dated 15 June 2012 and made by
U.K. Holdings in favor of the Agent;</STRIKE></FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>(d)&nbsp;the debenture dated 20 November 2017 and made by
the U.K. Borrower in favor of the Agent;<FONT STYLE="font-family:Times New Roman; font-size:12pt">&nbsp;</FONT></STRIKE> </FONT></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>(e) the debenture dated 20 November 2017 and made by U.K.
Holdings in favor of the Agent;</STRIKE></FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>(f)&nbsp;</STRIKE></FONT><STRIKE>the debenture dated as
of the date hereof</STRIKE><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>&nbsp;and made by the U.K. Borrower in favor of the Agent;</STRIKE></FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>(g) </STRIKE></FONT><FONT
STYLE="font-family:Times New Roman"><STRIKE>t</STRIKE></FONT><STRIKE>he debenture dated as of the date hereof</STRIKE><STRIKE></STRIKE><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>&nbsp;and made by U.K. Holdings in favor of the
Agent; and</STRIKE></FONT> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>(h) any other
debenture, deed of charge or other similar agreement, instrument or document governed by the laws of England and Wales, Scotland or Northern Ireland, in each case now or hereafter securing (or given with the&nbsp;</STRIKE></FONT><STRIKE>interest to
secure) the U.K. Facility Obligations.</STRIKE> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman"><strike><u>U.K. Security
Documents</u></strike></FONT><STRIKE>: means</STRIKE><STRIKE></STRIKE><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>&nbsp;the U.K. Security Agreements and any other similar agreement, instrument or document governed by the laws
of any jurisdiction, including Germany, in each case now or hereafter securing (or given with the</STRIKE></FONT><STRIKE></STRIKE><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>&nbsp;</STRIKE></FONT><STRIKE>interest to secure) the
U.K.</STRIKE><STRIKE></STRIKE>&nbsp;<FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>Facility Obligations.</STRIKE></FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><strike><u>U.K. Subsidiary</u></strike></FONT><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>: a Subsidiary of Parent incorporated or organized under the laws of England and Wales.</STRIKE></FONT></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman"><strike><u>U.K.</u></strike></FONT></B> </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">68 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>U.K./Dutch</U></B><U> Swingline Loan</U>: any Borrowing of
U.K.<B><U>/Dutch</U></B> Base Rate Loans funded with Agent&#146;s<B> </B>funds, until such Borrowing is settled among the U.K.<B><U>/Dutch</U></B> Lenders or repaid by the
U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B>. </P>
<P STYLE="margin-top:30pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.K.</U><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><FONT
STYLE="font-family:Times New Roman"><strike><u> <B>Tax Confirmation</B></u></strike>:</FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE> means</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B>&nbsp;<FONT STYLE="font-family:Times New Roman"><STRIKE>a confirmation by a Lender that the person beneficially entitled to interest payable to it in respect of an
advance under a Loan Document is either:</STRIKE></FONT></B> </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a company resident in the United Kingdom for United Kingdom tax purposes;</STRIKE></FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><STRIKE>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
partnership each member of which is:&nbsp;</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:6%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><STRIKE>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;a company so resident in the United Kingdom; or</STRIKE></B></FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:6%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><B><STRIKE>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a company not so resident in the United Kingdom which carries on a trade in the United Kingdom through a permanent establishment and
which brings into account in computing its chargeable profits (within the meaning of Section&nbsp;19 of CTA) the whole of any share of interest payable in respect of that advance that falls to it by reason of Part 17 of CTA;
or&nbsp;</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"> </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a company not so resident in the United Kingdom which carries on a trade in the United Kingdom through a permanent establishment and which
brings into account interest payable in respect of that advance in computing the chargeable profits (within the meaning of Section&nbsp;19 of CTA) of that company.</STRIKE></FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><strike><u>U.K. Tax Payment</u></strike></FONT><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>: as defined in Section&nbsp;5.9.2(m). </STRIKE> </FONT></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>U.K.</STRIKE></FONT></B><B><U>/Dutch</U></B><U> Top Golf
Reserve</U>: a reserve established by Agent at Parent&#146;s request in accordance with the definition of Top Golf Proceeds, in an initial amount as of such establishment equal to $0. The U.K.<B><U>/Dutch</U></B> Top Golf Reserve (a)&nbsp;shall be
reduced on a dollar for dollar basis for the amount expended in connection with (x)&nbsp;any Common Stock Repurchases made, or dividends paid on Parent&#146;s common stock, in each case after the Third Amendment to Second Amended and Restated
Effective Date in accordance with Section&nbsp;10.2.6(g)(ii)(D) and (y)&nbsp;any Investments made after the Third Amendment to Second Amended and Restated Effective Date in accordance with Section&nbsp;10.2.2(k)(ii)(D); (b) may be permanently
reduced from time to time upon Parent&#146;s written request to Agent; and (c)&nbsp;subject to Agent&#146;s written consent (such consent not to be unreasonably withheld if (i)&nbsp;upon and after giving effect to such adjustment, no Default or
Event of Default shall have occurred and be continuing, and (ii)&nbsp;immediately after such adjustment (for clarification, including after giving effect to any recalculation of the Canadian Borrowing Base, the German Borrowing Base and U.S.
Borrowing Base upon giving effect to such adjustment), Canadian Availability, German Availability and U.S. Availability would be a positive number), may be reallocated on a dollar for dollar basis to the Canadian Top Golf Reserve, the German Top
Golf Reserve and/or the U.S. Top Golf Reserve upon Parent&#146;s written request to Agent; provided, however, that once reduced pursuant to clause (b)&nbsp;above, the U.K.<B><U>/Dutch</U></B> Top Golf Reserve may not be increased. The parties agree
that the U.K.<B><U>/Dutch</U></B> Top Golf Reserve shall never be less than zero <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">(-0-).</FONT></FONT> For clarification, the aggregate amount of the Canadian Top Golf Reserve, the
U.K.<B><U>/Dutch</U></B> Top Golf Reserve, the German Top Golf Reserve and the U.S. Top Golf Reserve may not exceed an amount equal to the aggregate amount of Top Golf Proceeds received by Parent as reflected in all Top Golf Proceeds Notices (less
any amounts Parent elects to deposit into the Top Golf Blocked Account) less all amounts expended in connection with </P>
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(x) any Common Stock Repurchases made, or dividends paid on Parent&#146;s common stock, in each case after the Third Amendment to Second Amended and Restated Effective Date in accordance with
Section&nbsp;10.2.6(g) and (y)&nbsp;any Investments made after the Third Amendment to Second Amended and Restated Effective Date in accordance with Section&nbsp;10.2.2(k) and less all permanent reductions elected by Parent pursuant to clause
(b)&nbsp;of each of the definitions of Canadian Top Golf Reserve, U.K.<B><U>/Dutch</U></B> Top Golf Reserve, German Top Golf Reserve and U.S. Top Golf Reserve. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.K.</U><B><U>/Dutch</U></B><U> Unused Line Fee Rate</U>: a per annum rate equal to 0.25%. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>U.K. Eligible Inventory: finished goods Inventory of a U.S. Borrower located in the U.K. that is boxed and labeled and
that would constitute Eligible Inventory of a U.S. Borrower but for the fact that it is not within the continental United States for purposes of clause (h)(ii) of the Eligible Inventory definition and it is not in transit between facilities in the
United States of the U.S. Borrowers for purposes of clause (i)(i) the Eligible Inventory definition. For the avoidance of doubt, U.K. Eligible Inventory must comply with all other eligibility criteria set forth in the Eligible Inventory definition
herein.</U></B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>U.K.</U></B><FONT STYLE="font-family:Times New Roman"><B><U> Financial Institution: 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 with 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.</U></B></FONT><FONT
STYLE="font-family:Times New Roman"> </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman"><B><U>U.K. Holdings: Callaway Golf
European Holding Company Limited, a company incorporated in England with company number 06468420.</U></B></FONT><FONT STYLE="font-family:Times New Roman"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>U.K. Inventory Charge: the English law governed charge over Inventory to be granted by the applicable U.S. Borrower(s)
party thereto and the Dutch Borrower in favor of Agent in connection with certain Inventory located in the United Kingdom.</U></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman"><B><U>U.K.</U></B></FONT><FONT STYLE="font-family:Times New Roman"><B><U> Inventory
Formula Amount: as of any date of determination, (a)</U></B><B><U></U></B><B><U>&nbsp;at all times after the entering into the U.K. Inventory Charge by the applicable U.S. Borrower(s) (solely to the extent such U.K. Inventory Charge is effective
within 30 days of the Sixth Amendment Effective Date (or such later date as agreed by Agent in its sole discretion)) and while it remains in full force and effect, the lesser of (i) 75% of the Value of such U.S.
Borrower</U></B><B><U>&#146;</U></B><B><U>s U.K. Eligible Inventory and (b) 85% of the NOLV Percentage of the Value of such U.S. Borrower</U></B><B><U>&#146;</U></B><B><U>s U.K. Eligible Inventory, and (b)</U></B><B><U></U></B><B><U>&nbsp;at all
other times, $0. </U></B> </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>U.K. <FONT STYLE="white-space:nowrap">Non-Bank</FONT> Lender: </U></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><U>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;where a
Lender becomes a party to this Agreement on the day on which this Agreement is entered into, any Lender listed in Schedule 1.1D; and</U></FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><U>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;where a
Lender becomes a party to this Agreement after the day on which this Agreement is entered into, a Lender which gives a U.K. Tax Confirmation in the assignment notice which it executes pursuant to, or in connection with, Section 13.3
below.</U></FONT> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman"><B><U>U.K. Pledged Cash: the funds maintained in a
blocked Deposit Account or securities account of the U.K. Borrower subject to a Deposit Account Control Agreement or securities account control agreement, as applicable, which give Agent at all times exclusive access and control for
withdrawal</U></B></FONT><FONT STYLE="font-family:Times New Roman"> </FONT></P>
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<FONT STYLE="font-family:Times New Roman"><B><U>purposes to the exclusion of the U.K. Borrower and precluding the U.K. Borrower from withdrawing or otherwise giving any instructions in connection
therewith and which may not be withdrawn without the Agent&#146;s prior written consent and which are subject to effective security documents, in form and substance satisfactory to Agent, that provide Agent with an unencumbered perfected first
priority/ranking security interest in and Lien on such funds</U></B></FONT><FONT STYLE="font-family:Times New Roman"><B><U> (subject to Liens of the depository bank having priority by law).</U></B> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>U.K.</U></B><FONT STYLE="font-family:Times New Roman"><B><U> Qualified Lender:</U></B></FONT><FONT
STYLE="font-family:Times New Roman"> </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman"><B><U>(i) a Lender (other than a
Lender within paragraph (ii) below) which is beneficially entitled to interest payable to that Lender in respect of any advance under the Loan Documents and is:</U></B></FONT><FONT STYLE="font-family:Times New Roman"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman"><B><STRIKE>(A) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
Lender:</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman"> </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:14%; font-size:11pt; font-family:Times New Roman"><FONT STYLE="font-family:Times New Roman"><B><U>(1) which
is a bank (as defined for the purpose of section 879 of the Income Tax Act 2007 (United Kingdom) (&#147;ITA&#148;) making an advance under the Loan Documents; or</U></B></FONT><FONT STYLE="font-family:Times New Roman"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:14%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman"><B><U>(2) in respect of an advance made under the Loan Documents by a person that
was a bank (as defined for the purpose of section 879 of ITA) at the time that that advance was made</U></B></FONT><FONT STYLE="font-family:Times New Roman"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman"><B><U>and with respect to (i)(A)(1) and (i)(A)(2), which is within the charge to U.K. corporation
tax as respects any payments of interest made in respect of that advance or would be within such charge as respects such payments apart from section 18A of the Corporation Taxes Act 2009 (United Kingdom) (&#147;CTA&#148;); or</U></B></FONT><FONT
STYLE="font-family:Times New Roman"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman"><B><U>(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a Lender which
is:</U></B></FONT><FONT STYLE="font-family:Times New Roman"> </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:14%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman"><B><U>(1)
a company resident in the U.K. for U.K. tax purposes;</U></B></FONT><FONT STYLE="font-family:Times New Roman"> </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:14%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT
STYLE="font-family:Times New Roman"><B><U>(2) a partnership each member of which is:</U></B></FONT><FONT STYLE="font-family:Times New Roman"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><U>(a) a company so resident in the U.K.; or</U></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"> </FONT></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="21%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-size:11pt"><B><U>(b)</U></B></FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><B><U>a company not so resident in the U.K. which carries on a trade in the U.K. through a permanent
establishment and which brings into account in computing its chargeable profits (within the meaning of section 19 of the CTA the whole of any share of interest payable in respect of that advance that falls to it by reason of Part 17 of the CTA;
or</U></B> </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="14%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-size:11pt"><B><U>(3)</U></B></FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="left"><B><U>a company not so resident in the U.K. which carries on a trade in the U.K. through a permanent
establishment and which brings into account interest payable in respect of that advance in computing the chargeable profits (within the meaning of section 19 of the CTA) of that company; or</U></B> </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman"><B><U>(C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a Treaty Lender;
or</U></B></FONT><FONT STYLE="font-family:Times New Roman"> </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman"><B><U>(ii) a
building society (as defined for the purposes of section 880 of ITA) making an advance under the Loan Documents.</U></B></FONT><FONT STYLE="font-family:Times New Roman"> </FONT></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">71 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>U.K.</U></B><FONT STYLE="font-family:Times New Roman"><B><U>
Resolution Authority: the Bank of England or any other public administrative authority having responsibility for the resolution of any U.K. Financial Institution.</U></B></FONT><FONT STYLE="font-family:Times New Roman"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>U.K. Security Agreements: </U></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>(a) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></B><FONT STYLE="font-family:Times New Roman"><B><U>the
debenture dated 15&nbsp;June 2012 and made by the U.K. Borrower in favor of the Agent;</U></B></FONT><FONT STYLE="font-family:Times New Roman"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman"><B><U>(b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the supplemental debenture
dated 18&nbsp;December 2013 and made by the U.K. Borrower in favor of the Agent;</U></B></FONT><FONT STYLE="font-family:Times New Roman"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman"><B><U>(c) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the debenture dated
15&nbsp;June 2012 and made by U.K. Holdings in favor of the Agent;</U></B></FONT><FONT STYLE="font-family:Times New Roman"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman"><B><U>(d) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the debenture dated
20&nbsp;November 2017 and made by the U.K. Borrower in favor of the Agent;</U></B></FONT><FONT STYLE="font-family:Times New Roman"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman"><B><U>(e) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the debenture dated
20&nbsp;November 2017 and made by U.K. Holdings in favor of the Agent;</U></B></FONT><FONT STYLE="font-family:Times New Roman"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman"><B><U>(f)</U></B></FONT><FONT STYLE="font-family:Times New Roman"><B><U>
</U></B><B><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the debenture dated 17 May 2019</U></B></FONT><FONT STYLE="font-family:Times New Roman"><B><U> and made by the U.K. Borrower in favor of the Agent;</U></B></FONT><FONT
STYLE="font-family:Times New Roman"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><U>(g)</U></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><B><U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the debenture dated 17&nbsp;May 2019 </U></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><U>and made by U.K. Holdings
in favor of the Agent; and</U></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"> </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT
STYLE="font-family:Times New Roman"><B><U>(h) any other debenture, deed of charge or other similar agreement, instrument or document governed by the laws of England and Wales, Scotland or Northern Ireland, in each case now or hereafter securing (or
given with the</U></B></FONT><FONT STYLE="font-family:Times New Roman"> <B><U>intent to secure) the U.K./Dutch Facility Obligations.</U></B> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>U.K. Security Documents:</U></B> <FONT STYLE="font-family:Times New Roman"><B><U>the U.K. Security Agreements and any
other similar agreement, instrument or document governed by the laws of any jurisdiction, including Germany, in each case now or hereafter securing (or given with the </U></B></FONT><FONT STYLE="font-family:Times New Roman"><B><U>intent to secure)
the U.K./Dutch</U></B></FONT><FONT STYLE="font-family:Times New Roman"><B><U> Facility Obligations.</U></B></FONT><FONT STYLE="font-family:Times New Roman"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman"><B><U>U.K. Subsidiary: a Subsidiary of Parent incorporated or organized under the
laws of England and Wales.</U></B></FONT><FONT STYLE="font-family:Times New Roman"> </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><B><U>U.K.</U></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><U> Tax Confirmation: </U></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><U>a
confirmation by a Lender that the person beneficially entitled to interest payable to it in respect of an advance under a Loan Document is either:</U></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><U>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a company
resident in the United Kingdom for United Kingdom tax purposes;</U></FONT> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><B><U>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a partnership each member of which is:</U></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:6%; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><U>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;a company so resident in the United Kingdom; or</U></FONT> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:6%; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><B><U>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a company not so resident in the United Kingdom which carries on a trade in the United Kingdom through a permanent establishment and which
brings into account in computing its chargeable profits (within the meaning of Section 19 of CTA) the whole of any share of interest payable in respect of that advance that falls to it by reason of Part 17 of CTA; or </U></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"> </FONT></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">72 </P>

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<P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><U>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a company
not so resident in the United Kingdom which carries on a trade in the United Kingdom through a permanent establishment and which brings into account interest payable in respect of that advance in computing the chargeable profits (within the meaning
of Section&nbsp;19 of CTA) of that company.</U></FONT> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman"><B><U>U.K. Tax
Payment: as defined in Section&nbsp;5.9.2(m).</U></B></FONT><FONT STYLE="font-family:Times New Roman"> </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT
STYLE="font-family:Times New Roman"><B><U>Unfunded Pension Liability: the excess of a Pension Plan&#146;s benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Pension Plan&#146;s assets, determined in accordance
with the assumptions used for funding the Pension Plan pursuant to Section 412 of the Code for the applicable plan year and includes any unfunded liability or solvency deficiency as determined for the purposes of the PBA in respect of any Canadian
Pension Plan.</U></B></FONT><FONT STYLE="font-family:Times New Roman"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman"><B><U>uPlay: uPlay, Inc., a Delaware corporation.</U></B></FONT><FONT
STYLE="font-family:Times New Roman"> </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Accounts Formula Amount</U>: (a)&nbsp;as of any date of determination
within the period beginning on May&nbsp;1 through and including October&nbsp;31 of each Fiscal Year, 85% of the Value of Eligible Accounts of the U.S. Borrowers; and (b)&nbsp;as of any date of determination within the period beginning on
November&nbsp;1 through and including April&nbsp;30 of each Fiscal Year, 90% of the Value of Eligible Accounts of the U.S. Borrowers. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Availability</U>: as of any date of determination, the U.S. Borrowing Base as of such date of determination
<U>minus</U> the aggregate principal amount of U.S. Revolver Loans outstanding on such date of determination. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S.
Availability Reserve</U>: the sum (without duplication) of (a)&nbsp;the Inventory Reserve with respect to the U.S. Borrowers&#146; Inventory; (b)&nbsp;the U.S. Rent and Charges Reserve; (c)&nbsp;the U.S. LC Reserve; (d)&nbsp;the U.S. Bank Product
Reserve; (e)&nbsp;all accrued Royalties of the U.S. Facility Obligors, whether or not then due and payable by a U.S. Facility Obligor; (f)&nbsp;the aggregate amount of liabilities secured by Liens upon U.S. Facility Collateral that are senior to the
Agent&#146;s Liens (but imposition of any such reserve shall not waive an Event of Default arising therefrom); (g) the U.S. Dilution Reserve; (h)&nbsp;the Canadian Overadvance Loan Balance, if any, outstanding on such date, the German Overadvance
Loan Balance, if any, outstanding on such date, and the U.K.<B><U>/Dutch</U></B> Overadvance Loan Balance, if any, outstanding on such date; (i)&nbsp;the U.S. Top Golf Reserve; and (j)&nbsp;such additional reserves, in such amounts and with respect
to such matters, as Agent in its Credit Judgment may elect to impose from time to time with respect to the U.S. Borrowing Base. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Bank Product Reserve</U>: the aggregate amount of reserves established by Agent from time to time in its discretion in
respect of Secured Bank Product Obligations owing by the U.S. Domiciled Obligors and their Subsidiaries. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S.
Bankruptcy Code</U>: Title 11 of the United States Code. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Base Rate</U>: for any day, a per annum rate equal to
the greater of (a)&nbsp;the U.S. Prime Rate for such day; (b)&nbsp;the Federal Funds Rate for such day, <U>plus</U> 0.50%; or (c)<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;LIBOR</STRIKE></FONT></B><B><U>Term
SOFR</U></B> for a 30 day interest period as determined on such day, <U>plus</U> 1.0%<B><U>; provided, that in no event shall the U.S. Base Rate be less than 1.0%</U></B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Base Rate Loan</U>: a Loan that bears interest based on the U.S. Base Rate. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Base Rate Revolver Loan</U>: a Revolver Loan that bears interest based on the U.S. Base Rate. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">73 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Borrowers</U>: as defined in the preamble to this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Borrowing Base</U>: on any date of determination, an amount equal to the lesser of (a)&nbsp;the result of:
(i)&nbsp;the Maximum U.S. Facility Amount, <U>minus</U> (ii)&nbsp;the U.S. LC Reserve, <U>minus</U> (iii)&nbsp;the Canadian Overadvance Loan Balance, if any, outstanding on such date, <U>minus</U> (iv)&nbsp;the U.K.<B><U>/Dutch</U></B> Overadvance
Loan Balance, if any, outstanding on such date, <U>minus</U> (v)&nbsp;the German Overadvance Loan Balance, if any, outstanding on such date, <U>minus</U> (vi)&nbsp;the U.S. Top Golf Reserve; or (b)&nbsp;the result of: (i)&nbsp;the U.S. Accounts
Formula Amount, <U>plus</U> (ii)&nbsp;the U.S. Inventory Formula Amount, <U>plus</U> (iii)&nbsp;the U.S. Trademark Formula Amount, <U>plus</U> (iv)&nbsp;the U.S. Real Estate Formula Amount, <U>plus</U> (v) 100% of the amount of U.S. Pledged Cash,
<B><U>plus (vi)</U></B><B><U></U></B><B><U>&nbsp;the Mexican Inventory Formula Amount, plus (vii)</U></B><B><U></U></B><B><U>&nbsp;the U.K. Inventory Formula Amount, </U></B><U>minus</U>
(<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>vi</STRIKE></FONT></B><B><U>viii</U></B>) the U.S. Availability Reserve; <U>provided</U>, that clause (b)(iv) above may be removed from such calculation in accordance with
<B>Section</B><B></B><B>&nbsp;2.1.4(d)</B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Borrowing Base Certificate</U>: a certificate, in form and substance
satisfactory to Agent, by which the U.S. Borrowers certify calculation of the U.S. Borrowing Base. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Cash
Collateral Account</U>: a demand deposit, money market or other account established by Agent at Bank of America or such other financial institution as Agent may select in its discretion, which account shall be for the benefit of the U.S. Facility
Secured Parties and shall be subject to Agent&#146;s Liens securing the U.S. Facility Obligations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Dilution
Reserve</U>: as of any date of determination, an amount sufficient to reduce the advance rate against Eligible Accounts of the U.S. Borrowers by one (1)&nbsp;percentage point for each whole percentage point (or portion thereof) by which the Dilution
Percent is in excess of 5.0%. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Domiciled Obligor</U>: each of the Parent, any U.S. Borrower or any U.S. Subsidiary
which it is at any time an Obligor, and &#147;<U>U.S. Domiciled Obligors</U>&#148; means all such Persons, collectively. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Dominion Account</U>: a special account established by the U.S. Borrowers at Bank of America or another bank
acceptable to Agent, over which Agent has exclusive control for withdrawal purposes during any Dominion Trigger Period. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Expeditors Reserve</U>: as of any date of determination, the aggregate amount of accounts payable owed by any U.S.
Facility Obligor to Expeditors, as determined by Agent in its Credit Judgment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Facility Collateral</U>: all
Collateral that now or hereafter secures (or is intended to secure) any of the U.S. Facility Obligations, including Property of each U.S. Domiciled Obligor. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Facility Guarantee</U>: each guarantee agreement (including this Agreement) at any time executed by a U.S. Facility
Guarantor in favor of Agent guaranteeing all or any portion of the U.S. Facility Obligations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Facility
Guarantor</U>: each U.S. Subsidiary other than uPlay (unless uPlay becomes a Guarantor in accordance with Section&nbsp;10.2.15) and each other Person (if any) who guarantees payment and performance of any U.S. Facility Obligations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Facility Obligations</U>: all Obligations of the U.S. Facility Obligors (including, for the avoidance of doubt, the
Obligations of the U.S. Domiciled Obligors as guarantors of the Canadian Facility Obligations, German Facility Obligations and U.K.<B><U>/Dutch</U></B> Facility Obligations). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">74 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Facility Obligor</U>: each of any U.S. Borrower or any U.S. Facility
Guarantor, and &#147;<U>U.S. Facility Obligors</U>&#148; means all of such Persons, collectively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Facility
Secured Parties</U>: the Agent, the U.S. Issuing Bank, the U.S. Lenders and the Secured Bank Product Providers who provide Bank Products to the U.S. Facility Obligors and their Subsidiaries. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>U.S. Government Securities Business Day: any Business Day, except any day on which the Securities Industry and Financial
Markets Association, New York Stock Exchange or FRBNY is not open for business because the day is a legal holiday under New York law or U.S. federal law.</U></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Inventory Formula Amount</U>: as of any date of determination, the lesser of (a)<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;the sum of
(i)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;with respect to Eligible Inventory that has been owned by a
U.S. Borrower for less than one (1)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;calendar year as of the
applicable date of determination, (A)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;for the period beginning on
March 1 through and including September 30 of each Fiscal Year, 65</STRIKE></FONT></B><B><U>75</U></B>% of the Value of such U.S. Borrowers&#146; Eligible Inventory<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>,
(B)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;for the period beginning on October 1 through and including
February 28 (or February 29, as applicable) of each Fiscal Year, 75% of the Value of such U.S. Borrowers</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&#146;</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE> Eligible
Inventory,</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B>&nbsp;<FONT STYLE="font-family:Times New Roman"><strike><u>plus</u></strike></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;(ii) with respect to Eligible Inventory that has been owned by a U.S. Borrower for more than
one (1)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;calendar year, as of the applicable date of determination,
50% of the Value of such U.S. Borrowers</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&#146;</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE> Eligible Inventory;
or</STRIKE></FONT></B><B><U> and</U></B> (b) 85% of the NOLV Percentage of the Value of the U.S. Borrowers&#146; Eligible Inventory. Notwithstanding the foregoing, (1)&nbsp;the aggregate amount of the U.S. Inventory Formula Amount which may be
attributed to Eligible <FONT STYLE="white-space:nowrap">In-Transit</FONT> Inventory (the &#147;<U>U.S. <FONT STYLE="white-space:nowrap">In-Transit</FONT> Availability</U>&#148;) shall not exceed $<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>25,000,000</STRIKE></FONT></B><B><U>50,000,000</U></B>; <U>provided</U> that<I>,</I> the U.S. <FONT STYLE="white-space:nowrap">In-Transit</FONT> Availability (after taking into effect the
previous proviso) shall be reduced by the U.S. Expeditors Reserve if, as of any date of determination, either (I)&nbsp;U.S. Net Excess Availability is less than 10% of the Maximum U.S. Facility Amount, or (II)&nbsp;there are any accounts payable
owed by any U.S. Facility Obligor to Expeditors which are aged in excess of historical levels (except in cases of good faith disputes); and (2)&nbsp;so long as there is no Lien Waiver then in place with respect thereto, the aggregate amount of the
U.S. Inventory Formula Amount which may be attributed to Eligible Costco Inventory shall not exceed $20,000,000. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S.
Issuing Bank</U>: Bank of America or an Affiliate or branch of Bank of America<B><U>.</U></B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. LC Obligations</U>:
the sum (without duplication) of (a)&nbsp;all amounts owing by the U.S. Borrowers for any drawings under Letters of Credit; (b)&nbsp;the stated amount of all outstanding Letters of Credit issued for the account of any U.S. Borrower, which if such
Letter of Credit is denominated in a currency other than Dollars, may be stated by Agent (at its option) in Dollars calculated at the Spot Rate; and (c)&nbsp;all fees and other amounts owing with respect to Letters of Credit issued for the account
of any U.S. Borrower. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. LC Reserve</U>: the aggregate of all U.S. LC Obligations, other than those that have been
Cash Collateralized. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Lenders</U>: Bank of America and each other Lender (other than Canadian Lenders, German
Lenders or U.K.<B><U>/Dutch</U></B> Lenders) party hereto. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Letter of Credit Subline</U>: $20,000,000. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Letters of Credit</U>: any standby or documentary letter of credit issued by the U.S. Issuing Bank for the account of
the U.S. Borrowers (or any U.S. Borrower), or any indemnity, guarantee, exposure transmittal memorandum or similar form of credit support issued by Agent or the U.S. Issuing Bank for the benefit of any U.S. Borrower or any of its Subsidiaries, and
shall include the Existing Letters of Credit. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Net Excess Availability</U>: as of any date of determination, an
amount equal to the U.S. Availability <U>minus</U> the aggregate amount, if any, of all trade payables of U.S. Domiciled Obligors that are more than 60 days past due (or such later date as Agent may approve in its sole discretion) and all book
overdrafts of U.S. Domiciled Obligors in excess of historical practices with respect thereto, in each case as determined by Agent in its Credit Judgment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Overadvance</U>: as defined in <B>Section</B><B></B><B>&nbsp;2.1.5</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Overadvance Loan</U>: a U.S. Revolver Loan made to the U.S. Borrowers or the amount owed by the U.S. Borrowers when a
U.S. Overadvance exists or is caused by the funding thereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Pledged Cash</U>: the funds maintained in a blocked
Deposit Account or securities account of a U.S. Borrower subject to a Deposit Account Control Agreement or securities account control agreement, as applicable, which give Agent at all times exclusive access and control for withdrawal purposes to the
exclusion of the U.S. Borrowers and precluding the U.S. Borrowers from withdrawing or otherwise giving any instructions in connection therewith and which may not be withdrawn without the Agent&#146;s prior written consent (such consent not to be
unreasonably withheld if (i)&nbsp;upon and after giving effect to such withdrawal, no Default or Event of Default shall have occurred and be continuing and (ii)&nbsp;immediately after such withdrawal (for clarification, including after giving effect
to any recalculation of the U.S. Borrowing Base upon giving effect to such withdrawal), U.S. Availability would be a positive number), and which are subject to effective security documents, in form and substance satisfactory to Agent, that provide
Agent with an unencumbered perfected first priority/ranking security interest in and Lien on such funds<B><U> (subject to Liens of the depository bank having priority by law)</U></B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Prime Rate</U>: the rate of interest announced by Bank of America from time to time as its prime rate. Such rate is
set by Bank of America on the basis of various factors, including its costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above or below such rate.
Any change in such rate announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement of such change. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Real Estate Formula Amount</U>: as of any date of determination, the lesser of (a) 80% of the fair market value of the
Eligible Real Estate, as determined from the most recent appraisal of such Real Estate performed by an appraiser and on terms satisfactory to Agent; or (b)
$<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>28,600,000</STRIKE></FONT></B><B><U>35,400,000</U></B> (such amount in this clause (b)&nbsp;to be reduced by
$<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>476,666.67</STRIKE></FONT></B><B><U>590,000</U></B> on the first day of each calendar
quarter<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;occurring after the Third Amended Original Closing Date</STRIKE></FONT></B>,
commencing with the calendar quarter beginning on <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>April</STRIKE></FONT></B><B><U>January</U></B> 1,
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>2018</STRIKE></FONT></B><B><U>2023</U></B>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S.
Reimbursement Date</U>: as defined in <B>Section</B><B></B><B>&nbsp;2.3.2</B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Rent and Charges Reserve</U>: the
aggregate of (a)&nbsp;all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any U.S. Facility Collateral or could
assert a Lien on any U.S. Facility Collateral; and (b)&nbsp;a reserve at least equal to three months&#146; rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Required Lenders</U>: U.S. Lenders (subject to <B>Section</B><B></B><B>&nbsp;4.2</B>) having (a)&nbsp;U.S. Revolver
Commitments in excess of 50% of the aggregate U.S. Revolver Commitments; and (b)&nbsp;if the U.S. Revolver Commitments have terminated, U.S. Revolver Loans and U.S. LC Obligations in excess of 50% of all outstanding U.S. Revolver Loans and U.S. LC
Obligations; <U>provided</U>, <U>however</U>, that the Commitments and Loans of any Defaulting Lender shall be excluded from such calculation; <U>provided</U>, <U>further</U>, that at any time </P>
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there are: (i) 3 or more U.S. Lenders with U.S. Revolver Commitments or outstanding U.S. Revolver Loans or U.S. LC Obligations, &#147;U.S. Required Lenders&#148; must include at least 3 such U.S.
Lenders, and (ii)&nbsp;less than 3 U.S. Lenders with U.S. Revolver Commitments or outstanding U.S. Revolver Loans or U.S. LC Obligations, &#147;U.S. Required Lenders&#148; must include all such U.S. Lenders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman"><strike><u><B>U.S. Required Term Lenders</B></u></strike></FONT><FONT
STYLE="font-family:Times New Roman"><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>: U.S. Lenders (subject to
Section</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;4.2) having (a)</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Term Loan Commitments in excess of 50% of the aggregate Term Loan Commitments; and
(b)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;if the Term Loan Commitments have terminated, Term Loans in
excess of 50% of all outstanding Term Loans;</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE> </STRIKE></FONT><FONT
STYLE="font-family:Times New Roman"><strike><u>provided</u></strike></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>,</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT>
</B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE> </STRIKE></FONT><FONT STYLE="font-family:Times New Roman"><strike><u>however</u></strike></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>, that
the Commitments and Loans of any Defaulting Lender shall be excluded from such calculation;</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>
</STRIKE></FONT><FONT STYLE="font-family:Times New Roman"><strike><u>provided</u></strike></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>,</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt">
<STRIKE></STRIKE></FONT></B><B>&nbsp;<FONT STYLE="font-family:Times New Roman"><strike><u>further</u></strike></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>, that at any time there are: (i) 3 or more U.S. Lenders
with Term Loan Commitments or outstanding Term Loans, </STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&#147;</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>U.S.
Required Term Lenders</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&#148;</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE> must include at least 3 such U.S. Lenders,
and (ii)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;less than 3 U.S. Lenders with Term Loan Commitments or
outstanding Term Loans, </STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&#147;</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>U.S. Required Term
Lenders</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&#148;</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE> must include all such U.S. Lenders.</STRIKE></FONT></B>
</FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Revolver Commitment</U>: for any U.S. Lender, its obligation to make U.S. Revolver Loans and to
participate in U.S. LC Obligations up to the maximum principal amount shown on <B>Schedule 1.1</B>, or as hereafter determined pursuant to each Assignment and Acceptance to which it is a party, as such U.S. Revolver Commitment may be adjusted from
time to time in accordance with the provisions of <B>Sections 2.1.4, 2.1.7, </B>or <B>11.2</B>. &#147;<U>U.S. Revolver Commitments</U>&#148; means the aggregate amount of such commitments of all U.S. Lenders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Revolver Commitment Termination Date</U>: the earliest of (a)&nbsp;the Facility Termination Date, (b)&nbsp;the date on
which the Borrower Agent terminates or reduces to zero the U.S. Revolver Commitments pursuant to <B>Section</B><B></B><B>&nbsp;2.1.4</B>, and (c)&nbsp;the date on which the U.S. Revolver Commitments are terminated pursuant to
<B>Section</B><B></B><B>&nbsp;11.2</B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Revolver Exposure</U>: on any date, an amount equal to the sum of the
U.S. Revolver Loans outstanding on such date <U>plus</U> the U.S. LC Obligations on such date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Revolver Loan</U>:
a Revolver Loan made by a U.S. Lender to a U.S. Borrower pursuant to <B>Section</B><B></B><B>&nbsp;2.1.1(a)</B>, which Loan shall be denominated in Dollars and shall be either a U.S. Base Rate Revolver Loan or a <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR</U></B> Loan, in each case as selected by Borrower Agent, and any U.S. Swingline Loan, U.S. Overadvance Loan or Protective Advance made to or owed
by the U.S. Borrowers. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Revolver Notes</U>: a promissory note executed by U.S. Borrowers in favor of a U.S. Lender
in the form of <B>Exhibit <FONT STYLE="white-space:nowrap">A-2</FONT></B>, in the amount of such U.S. Lender&#146;s U.S. Revolver Commitment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Subsidiary</U>: a Subsidiary of Parent that is organized under the laws of a state of the United States or the
District of Columbia. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Swingline Loan</U>: any Borrowing of U.S. Base Rate Revolver Loans funded with Agent&#146;s
funds, until such Borrowing is settled among the U.S. Lenders or repaid by the U.S. Borrowers. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Top Golf
Reserve</U>: a reserve established by Agent at Parent&#146;s request in accordance with the definition of Top Golf Proceeds, in an initial amount as of such establishment equal to the amount of the Top Golf Proceeds received as of the date of such
establishment. The U.S. Top Golf Reserve (a)&nbsp;shall be reduced on a dollar for dollar basis for the amount expended in connection with (x)&nbsp;any Common Stock Repurchases made, or dividends paid on Parent&#146;s common stock, in each case
after the Third Amendment to Second Amended and Restated Effective Date in accordance with Section&nbsp;10.2.6(g)(ii)(B) and (y)&nbsp;any </P>
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Investments made after the Third Amendment to Second Amended and Restated Effective Date in accordance with Section&nbsp;10.2.2(k)(ii)(B); (b) may be permanently reduced from time to time upon
Parent&#146;s written request to Agent; and (c)&nbsp;subject to Agent&#146;s written consent (such consent not to be unreasonably withheld if (i)&nbsp;upon and after giving effect to such adjustment, no Default or Event of Default shall have
occurred and be continuing, and (ii)&nbsp;immediately after such adjustment (for clarification, including after giving effect to any recalculation of the Canadian Borrowing Base, the German Borrowing Base and U.K.<B><U>/Dutch</U></B> Borrowing Base
upon giving effect to such adjustment), Canadian Availability, German Availability and U.K.<B><U>/Dutch</U></B> Availability would be a positive number), may be reallocated on a dollar for dollar basis to the Canadian Top Golf Reserve, the German
Top Golf Reserve and/or the U.K.<B><U>/Dutch</U></B> Top Golf Reserve upon Parent&#146;s written request to Agent; provided, however, that once reduced pursuant to clause (b)&nbsp;above, the U.S. Top Golf Reserve may not be increased. The parties
agree that the U.S. Top Golf Reserve shall never be less than zero <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">(-0-).</FONT></FONT> For clarification, the aggregate amount of the Canadian Top Golf Reserve, the
U.K.<B><U>/Dutch</U></B> Top Golf Reserve, the German Top Golf Reserve and the U.S. Top Golf Reserve may not exceed an amount equal to the aggregate amount of Top Golf Proceeds received by Parent as reflected in all Top Golf Proceeds Notices (less
any amounts Parent elects to deposit into the Top Golf Blocked Account) less all amounts expended in connection with (x)&nbsp;any Common Stock Repurchase made, or dividends paid on Parent&#146;s common stock, in each case after the Third Amendment
to Second Amended and Restated Effective Date in accordance with Section&nbsp;10.2.6(g) and (y)&nbsp;any Investments made after the Third Amendment to Second Amended and Restated Effective Date in accordance with Section&nbsp;10.2.2(k) and less all
permanent reductions elected by Parent pursuant to clause (b)&nbsp;of each of the definitions of Canadian Top Golf Reserve, U.K.<B><U>/Dutch</U></B> Top Golf Reserve, German Top Golf Reserve and U.S. Top Golf Reserve. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S. Trademark Formula Amount</U>: as of any date of determination, the lesser of (a) <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>42</STRIKE></FONT></B><B><U>40</U></B>% of the Net Orderly Liquidation Value of the Company Trademark<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>;
or</STRIKE></FONT></B><B><U> and</U></B> (b) $<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>70,000,000 (such amount in this clause
(b)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;to be permanently reduced by $1,666,666.67 on the first day of
each calendar quarter occurring after the Closing Date, commencing with the calendar quarter beginning on July 1, 2019, until such amount (for the avoidance of doubt, at all times) is less than or equal to the lesser of (i) $50,000,000 and (ii) 30%
of the Net Orderly Liquidation Value of the Company Trademark)</STRIKE></FONT></B><B><U>75,000,000</U></B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>U.S.
Unused Line Fee Rate</U>: a per annum rate equal to 0.25%. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Value</U>: (a)&nbsp;for Inventory, its Dollar Equivalent
value determined on the basis of the lower of cost or market, calculated on a <FONT STYLE="white-space:nowrap">first-in,</FONT> <FONT STYLE="white-space:nowrap">first-out</FONT> basis, and excluding any portion of cost attributable to intercompany
profit among Borrowers and their Affiliates; and (b)&nbsp;for an Account, its Dollar Equivalent face amount, net of any returns, rebates, discounts (calculated on the shortest terms), credits, allowances or Taxes (including sales, excise or other
taxes) that have been or could be claimed by the Account Debtor or any other Person. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Wage Earner Protection Act
Reserve</U>: on any date of determination, a reserve established from time to time by Agent in its Credit Judgment in such amount as Agent determines reflects the amounts that may become due under the <I>Wage Earner Protection Program Act</I>
(Canada) with respect to the employees of any Obligor employed in Canada which would give rise to a Lien with priority under Applicable Law over the Lien of Agent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><U>Write-Down and Conversion
Powers</U>:<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;means</STRIKE></FONT></B> (i)&nbsp;with respect to any EEA Resolution
Authority, the write-down and conversion powers of the applicable EEA Resolution Authority from time to time under the <FONT STYLE="white-space:nowrap">Bail-In</FONT> Legislation for the applicable EEA Member Country, which powers are described in
the EU <FONT STYLE="white-space:nowrap">Bail-In</FONT> Legislation Schedule and (ii)&nbsp;with respect to the United Kingdom, any powers of the applicable </P>
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Resolution Authority under the <FONT STYLE="white-space:nowrap">Bail-In</FONT> Legislation to cancel, reduce, modify or change the form of a liability of any U.K. 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 <FONT STYLE="white-space:nowrap">Bail-In</FONT> Legislation that are related to or ancillary to any of those powers. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>1.2</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Accounting Terms</U></B><B>.</B> Under the Loan Documents
(except as otherwise specified herein), all accounting terms shall be interpreted, all accounting determinations shall be made, and all financial statements shall be prepared, in accordance with GAAP applied on a basis consistent with the most
recent audited financial statements of Obligors delivered to Agent before the Original Agreement Closing Date and using the same inventory valuation method as used in such financial statements, except for any change required or permitted by GAAP if
Obligors&#146; certified public accountants concur in such change, the change is disclosed to Agent, and <B>Section</B><B></B><B>&nbsp;10.3</B> and any other provision hereof are amended in a manner satisfactory to Required Lenders to take into
account the effects of the change, if any. No calculations under the Loan Documents shall give effect to any such change prior to any such amendment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>1.3</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Uniform Commercial Code/PPSA</U></B><B>.</B> As used herein,
the following terms are defined in accordance with the UCC in effect in the State of New York from time to time: &#147;Chattel Paper,&#148; &#147;Commercial Tort Claim,&#148; &#147;Equipment,&#148; &#147;Goods,&#148; &#147;Instrument,&#148;
&#147;Investment Property,&#148; <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">&#147;Letter-of-Credit</FONT></FONT> Right&#148; and &#147;Supporting Obligation&#148; and, as such terms relate to any such Property of any Canadian
Domiciled Obligor, such terms shall refer to such Property as defined in the PPSA (to the extent such terms are defined therein). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>1.4</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Certain Matters of Construction</U></B><B>.</B> The terms
&#147;herein,&#148; &#147;hereof,&#148; &#147;hereunder&#148; and other words of similar import refer to this Agreement as a whole and not to any particular section, paragraph or subdivision. Any pronoun used shall be deemed to cover all genders. In
the computation of periods of time from a specified date to a later specified date, &#147;from&#148; means &#147;from and including,&#148; and &#147;to&#148; and &#147;until&#148; each mean &#147;to but excluding.&#148; The terms
&#147;including&#148; and &#147;include&#148; shall mean &#147;including, without limitation&#148; and, for purposes of each Loan Document, the parties agree that the rule of <I>ejusdem generis</I> shall not be applicable to limit any provision.
Section titles appear as a matter of convenience only and shall not affect the interpretation of any Loan Document. All references to (a)&nbsp;laws or statutes include all related rules, regulations, interpretations, amendments and successor
provisions; (b)&nbsp;any document, instrument or agreement include any amendments, waivers and other modifications, extensions or renewals (to the extent permitted by the Loan Documents); (c) any section mean, unless the context otherwise requires,
a section of this Agreement; (d)&nbsp;any exhibits or schedules mean, unless the context otherwise requires, exhibits and schedules attached hereto, which are hereby incorporated by reference; (e)&nbsp;any Person include successors and assigns;
(f)&nbsp;except as otherwise specified herein, time of day means time of day at Agent&#146;s notice address under <B>Section</B><B></B><B>&nbsp;14.3.1</B>; or (g)&nbsp;discretion of Agent, any Issuing Bank or any Lender mean the sole and absolute
discretion of such Person. Except as expressly otherwise provided herein, all calculations of Value, fundings of Loans, issuances of Letters of Credit and payments of Obligations shall be in Dollars and, unless the context otherwise requires, all
determinations (including calculations of Borrowing Base and financial covenants) made from time to time under the Loan Documents shall be made in light of the circumstances existing at such time. Borrowing Base calculations shall be consistent with
historical methods of valuation and calculation, and otherwise satisfactory to Agent (and not necessarily calculated in accordance with GAAP). Obligors shall have the burden of establishing any alleged negligence, misconduct or lack of good faith by
Agent, any Issuing Bank or any Lender under any Loan Documents. No provision of any Loan Documents shall be construed against any party by reason of such party having, or being deemed to have, drafted the provision. Whenever the phrase &#147;to the
best of an Obligor&#146;s knowledge&#148; or words of similar import are used in any Loan Documents, it means actual knowledge of a Senior Officer of such Obligor, or knowledge that a Senior Officer of such Obligor would
</P>
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have obtained if he or she had engaged in good faith and diligent performance of his or her duties, including reasonably specific inquiries of employees or agents and a good faith attempt to
ascertain the matter to which such phrase relates. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>1.5</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Calculations</U></B><B>.</B> All references in the Loan
Documents to Loans, Letters of Credit, Obligations, Borrowing Base components and other amounts shall be denominated in Dollars, unless expressly provided otherwise. The Dollar equivalent of any amounts denominated or reported under a Loan Document
in a currency other than Dollars shall be determined by Agent on a daily basis, based on the current Spot Rate. Borrowers shall report Value and other Borrowing Base components to Agent in the currency invoiced by Obligors or shown in Obligors&#146;
financial records, and unless expressly provided otherwise, shall deliver financial statements and calculate financial covenants in Dollars. Notwithstanding anything herein to the contrary, if any Obligation is funded and expressly denominated in a
currency other than Dollars, Obligors shall repay such Obligation in such other currency. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>1.6</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Interpretation (Quebec)</U></B><B>.</B> For purposes of any
Collateral located in the Province of Quebec or charged by any deed of hypothec (or any other Loan Document) and for all other purposes pursuant to which the interpretation or construction of a Loan Document may be subject to the laws of the
Province of Quebec or a court or tribunal exercising jurisdiction in the Province of Qu&eacute;bec, (a) &#147;personal property&#148; shall be deemed to include &#147;movable property&#148;, (b) &#147;real property&#148; shall be deemed to include
&#147;immovable property&#148;, (c) &#147;tangible property&#148; shall be deemed to include &#147;corporeal property&#148;, (d) &#147;intangible property&#148; shall be deemed to include &#147;incorporeal property&#148;, (e) &#147;security
interest&#148; and &#147;mortgage&#148; shall be deemed to include a &#147;hypothec&#148;, (f) all references to filing, registering or recording under the UCC or the PPSA shall be deemed to include publication under the Civil Code of Qu&eacute;bec,
(g)&nbsp;all references to &#147;perfection&#148; of or &#147;perfected&#148; Liens shall be deemed to include a reference to the &#147;opposability&#148; of such Liens to third parties, (h)&nbsp;any &#147;right of offset&#148;, &#147;right of
setoff&#148; or similar expression shall be deemed to include a &#147;right of compensation&#148;, (i) &#147;goods&#148; shall be deemed to include &#147;corporeal movable property&#148; other than chattel paper, documents of title, instruments,
money and securities, (j)&nbsp;an &#147;agent&#148; shall be deemed to include a &#147;mandatary&#148; (k) &#147;construction liens&#148; shall be deemed to include &#147;legal hypothecs&#148;, (l) &#147;joint and several&#148; shall be deemed to
include &#147;solidary&#148;, (m) &#147;gross negligence or willful misconduct&#148; shall be deemed to be &#147;intentional or gross fault&#148;, (n) &#147;beneficial ownership&#148; shall be deemed to include &#147;ownership on behalf of another
as mandatary&#148;, (o) &#147;servitude&#148; shall be deemed to include &#147;easement&#148;, (p) &#147;priority&#148; shall be deemed to include &#147;prior claim&#148;, (q) &#147;survey&#148; shall be deemed to include &#147;certificate of
location and plan&#148;, (r) &#147;fee simple title&#148; shall be deemed to include &#147;absolute ownership&#148; and (s) &#147;foreclosure&#148; shall be deemed to include the &#147;exercise of a hypothecary right&#148;. For purposes of greater
certainty, the reference to the &#147;Loan Agreement&#148; in the deed of hypothec dated November&nbsp;3, 2017 executed by the Canadian Borrower in favor of the Agent means this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>1.7</U></B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Interpretation (The Netherlands).</U></B><B><U>
</U></B><B><U>In this Agreement, where it relates to a Dutch Person, a reference to (a)</U></B><B><U></U></B><B><U>&nbsp;a necessary action to authorise, where applicable, includes without limitation: (i)</U></B><B><U></U></B><B><U>&nbsp;any action
required to comply with the Dutch Works Councils Act (</U></B><B><I></I></B><B><U></U></B><B><I><U>Wet op de ondernemingsraden</U></I></B><B><U></U></B><B><I></I></B><B><U>), and (ii)</U></B><B><U></U></B><B><U>&nbsp;obtaining a positive advice
(</U></B><B><I></I></B><B><U></U></B><B><I><U>positief advies</U></I></B><B><U></U></B><B><I></I></B><B><U>) from the competent works council(s), (b) a security interest includes any mortgage
(</U></B><B><I></I></B><B><U></U></B><B><I><U>hypotheek</U></I></B><B><U></U></B><B><I></I></B><B><U>), pledge (</U></B><B><I></I></B><B><U></U></B><B><I><U>pandrecht</U></I></B><B><U></U></B><B><I></I></B><B><U>), retention of title arrangement
(</U></B><B><I></I></B><B><U></U></B><B><I><U>eigendomsvoorbehoud</U></I></B><B><U></U></B><B><I></I></B><B><U>), privilege (</U></B><B><I></I></B><B><U></U></B><B><I><U>voorrecht</U></I></B><B><U></U></B><B><I></I></B><B><U>), right of retention
(</U></B><B><I></I></B><B><U></U></B><B><I><U>recht van retentie</U></I></B><B><U></U></B><B><I></I></B><B><U>), right to reclaim goods (</U></B><B><I></I></B><B><U></U></B><B><I><U>recht van reclame</U></I></B><B><U></U></B><B><I></I></B><B><U>),
and, in general, any right in rem (</U></B><B><I></I></B><B><U></U></B><B><I><U>beperkt recht</U></I></B><B><U></U></B><B><I></I></B><B><U>), created for the purpose of granting security
(</U></B><B><I></I></B><B><U></U></B><B><I><U>goederenrechtelijk zekerheidsrecht</U></I></B><B><U></U></B><B><I></I></B><B><U>), (c) a <FONT STYLE="white-space:nowrap">winding-up,</FONT> administration or dissolution includes a Dutch person being
declared bankrupt (</U></B><B><I></I></B><B><U></U></B><B><I><U>failliet verklaard</U></I></B><B><U></U></B><B><I></I></B><B><U>) or dissolved (</U></B><B><I></I></B><B><U></U></B><B><I><U>ontbonden</U></I></B><B><U></U></B><B><I></I></B><B><U>),
(d) a moratorium or suspension of payments includes a </U></B><B><I></I></B><B><U></U></B><B><I><U>sursearce van betaling</U></I></B><B><U></U></B><B><I></I></B><B><U> and granted a moratorium or suspension of payments includes
</U></B><B><I></I></B><B><U></U></B><B><I><U>surseance verleend</U></I></B><B><U></U></B><B><I></I></B><B><U>, (e)</U></B><B><U></U></B><B><U>&nbsp;any step or procedure taken in connection with insolvency proceedings includes a Dutch person having
filed a notice under section 36 of the Tax Collection Act of the Netherlands (</U></B><B><I></I></B><B><U></U></B><B><I><U>Invorderingswet 1990</U></I></B><B><U></U></B><B><I></I></B><B><U>), (e) a trustee, receiver or administrator includes a
</U></B><B><I></I></B><B><U></U></B><B><I><U>curator</U></I></B><B><U></U></B><B><I></I></B><B><U>, (g)</U></B><B><U></U></B><B><U>&nbsp;an administrator includes a
</U></B><B><I></I></B><B><U></U></B><B><I><U>bewindvoerder</U></I></B><B><U></U></B><B><I></I></B><B><U>, </U></B> </P>
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<B><U>(h) a liquidator includes a </U></B><B><I></I></B><B><U></U></B><B><I><U>vereffenaar</U></I></B><B><U></U></B><B><I></I></B><B><U>, (i)</U></B><B><U></U></B><B><U>&nbsp;an attachment
includes a </U></B><B><I></I></B><B><U></U></B><B><I><U>beslag</U></I></B><B><U>, </U></B><B><I></I></B><B><U>(j)</U></B><B><U></U></B><B><U>&nbsp;a group includes a
</U></B><B><I></I></B><B><U></U></B><B><I><U>groep</U></I></B><B><U></U></B><B><I></I></B><B><U>, (k)</U></B><B><U></U></B><B><U>&nbsp;a subsidiary includes a
</U></B><B><I></I></B><B><U></U></B><B><I><U>dochtermaatschappij</U></I></B><B><U></U></B><B><I></I></B><B><U>, (l)</U></B><B><U></U></B><B><U>&nbsp;an affiliate includes a
</U></B><B><I></I></B><B><U></U></B><B><I><U>groepsmaatschappij</U></I></B><B><U></U></B><B><I></I></B><B><U>, (m)</U></B><B><U></U></B><B><U>&nbsp;a merger includes a </U></B><B><I></I></B><B><U></U></B><B><I><U>juridische
fusie</U></I></B><B><U></U></B><B><I></I></B><B><U>, </U></B><B><I></I></B><B><U></U></B><B><I><U>aandelenfusie</U></I></B><B><U></U></B><B><I></I></B><B><U> and
</U></B><B><I></I></B><B><U></U></B><B><I><U>bedrijfsfusie</U></I></B><B><U></U></B><B><I></I></B><B><U>, and (n)</U></B><B><U></U></B><B><U>&nbsp;a director includes a
</U></B><B><I></I></B><B><U></U></B><B><I><U>bestuurder</U></I></B><B><U></U></B><B><I></I></B><B><U>.</U></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>1.8</U></B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Interpretation (the U.K.). For the purposes of the U.K.
Security Agreements, on and from the Sixth Amendment Effective Date, any reference to a </U></B><B><U>&#147;</U></B><B><U>U.K. Facility Obligor</U></B><B><U>&#148;</U></B><B><U>, </U></B><B><U>&#147;</U></B><B><U>U.K.
Lender</U></B><B><U>&#148;</U></B><B><U> and </U></B><B><U>&#147;</U></B><B><U>U.K. Borrower</U></B><B><U>&#148;</U></B><B><U> in a U.K. Security Agreement shall be deemed to be reference to a </U></B><B><U>&#147;</U></B><B><U>U.K./Dutch Facility
Obligor</U></B><B><U>&#148;</U></B><B><U>, </U></B><B><U>&#147;</U></B><B><U>U.K./Dutch Lender</U></B><B><U>&#148;</U></B><B><U> and </U></B><B><U>&#147;</U></B><B><U>U.K./Dutch Borrower</U></B><B><U>&#148;</U></B><B><U> (respectively).</U></B> </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SECTION&nbsp;2. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CREDIT FACILITIES </B></P>
<P STYLE="margin-top:20pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Revolver Commitments</U>. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">2.1.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Revolver Loans</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>U.S. Revolver Loans to U.S. Borrowers.</U> Each U.S. Lender agrees,
severally and not jointly with the other U.S. Lenders, upon the terms and subject to the conditions set forth herein, to make U.S. Revolver Loans to the U.S. Borrowers on any Business Day during the period from the Closing Date to the U.S. Revolver
Commitment Termination Date, not to exceed in aggregate principal amount outstanding at any time such U.S. Lender&#146;s U.S. Revolver Commitment at such time, which U.S. Revolver Loans may be repaid and reborrowed in accordance with the terms and
provisions of this Agreement; <U>provided</U>, <U>however</U>, that such U.S. Lenders shall have no obligation to the U.S. Borrowers whatsoever to honor any request for a U.S. Revolver Loan on or after the U.S. Revolver Commitment Termination Date
or if the amount of the proposed U.S. Revolver Loan exceeds U.S. Availability on the proposed funding date for such U.S. Revolver Loan. Each Borrowing of U.S. Revolver Loans shall be funded by the U.S. Lenders on a Pro Rata basis. The U.S. Revolver
Loans shall bear interest as set forth in <B>Section</B><B></B><B>&nbsp;3.1</B>. Each U.S. Revolver Loan shall, at the option of the Borrower Agent, be made or continued as, or converted into, part of one or more Borrowings that, unless specifically
provided herein, shall consist entirely of U.S. Base Rate Revolver Loans or <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR</U></B> Revolver Loans. The U.S. Revolver Loans shall be repaid
in accordance with the terms of this Agreement and shall be secured by all of the U.S. Facility Collateral. U.S. Borrowers shall be jointly and severally liable to pay all of the U.S. Revolver Loans. Each U.S. Revolver Loan shall be funded and
repaid in Dollars. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Canadian Revolver Loans to Canadian
Borrower</U>. Each Canadian Lender agrees, severally and not jointly with the other Canadian Lenders, upon the terms and subject to the conditions set forth herein, to make Canadian Revolver Loans to the Canadian Borrower on any Business Day during
the period from the Closing Date to the Canadian Revolver Commitment Termination Date, not to exceed in aggregate principal amount outstanding at any time such Canadian Lender&#146;s Canadian Revolver Commitment at such time, which Canadian Revolver
Loans may be repaid and reborrowed in accordance with the terms and provisions of this Agreement; <U>provided</U>, <U>however</U>, that such Canadian Lenders shall have no obligation to the Canadian Borrower whatsoever to honor any request for a
Canadian Revolver Loan on or after the Canadian Revolver Commitment Termination Date or if the amount of the proposed Canadian Revolver Loan exceeds Canadian Availability on the proposed funding date for such Canadian Revolver Loan. Each Borrowing
of Canadian Revolver Loans shall be funded by the Canadian Lenders on a Pro Rata basis. The Canadian Revolver Loans shall bear interest as set forth in <B>Section</B><B></B><B>&nbsp;3.1</B>. Each Canadian Revolver Loan shall, at the option of the
Borrower Agent, be made or continued as, or converted into, part of one or more Borrowings that, unless specifically provided herein, shall consist entirely of Canadian Prime Rate Loans or Canadian BA Rate Loans if denominated in Canadian Dollars,
or shall consist entirely of Canadian Base Rate Loans or <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR Revolver</U></B> Loans if denominated in Dollars. The Canadian Revolver Loans
shall be repaid in accordance with the terms of this Agreement and shall be </P>
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secured by all of the Canadian Facility Collateral. Each Canadian Revolver Loan shall be funded in Canadian Dollars or, at the option of the Borrower Agent, Dollars and repaid in the same
currency as such underlying Canadian Revolver Loan was made. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>U.K.</U><B><U>/Dutch</U></B><U> Revolver Loans to U.K.</U><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B>. Each U.K.<B><U>/Dutch</U></B>
Lender agrees, severally and not jointly with the other U.K.<B><U>/Dutch</U></B> Lenders, upon the terms and subject to the conditions set forth herein, to make U.K.<B><U>/Dutch</U></B> Revolver Loans to the U.K.<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B> on any Business Day during the
period from the Closing Date to the U.K.<B><U>/Dutch</U></B> Revolver Commitment Termination Date, not to exceed in aggregate principal amount outstanding at any time such U.K.<B><U>/Dutch</U></B> Lender&#146;s U.K.<B><U>/Dutch</U></B> Revolver
Commitment at such time, which U.K.<B><U>/Dutch</U></B> Revolver Loans may be repaid and reborrowed in accordance with the terms and provisions of this Agreement; <U>provided</U>, <U>however</U>, that such U.K.<B><U>/Dutch</U></B> Lenders shall have
no obligation to the U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B>
whatsoever to honor any request for a U.K.<B><U>/Dutch</U></B> Revolver Loan on or after the U.K.<B><U>/Dutch</U></B> Revolver Commitment Termination Date or if the amount of the proposed U.K.<B><U>/Dutch</U></B> Revolver Loan exceeds
U.K.<B><U>/Dutch</U></B> Availability on the proposed funding date for such U.K.<B><U>/Dutch</U></B> Revolver Loan. Each Borrowing of U.K.<B><U>/Dutch</U></B> Revolver Loans shall be funded by the U.K.<B><U>/Dutch</U></B> Lenders on a Pro Rata
basis. The U.K.<B><U>/Dutch</U></B> Revolver Loans shall bear interest as set forth in <B>Section</B><B></B><B>&nbsp;3.1</B>. Each U.K.<B><U>/Dutch</U></B> Revolver Loan shall, at the option of the Borrower Agent, be made or continued as, or
converted into, part of one or more Borrowings that, unless specifically provided herein, shall consist entirely of U.K.<B><U>/Dutch</U></B> Base Rate Loans or
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR Revolver</U></B> Loans<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;(provided, that U.K. Base Rate Loans shall only be denominated in Dollars)</STRIKE></FONT></B>. The U.K.<B><U>/Dutch</U></B> Revolver Loans shall be repaid in accordance with the
terms of this Agreement and shall be secured by all of the U.K.<B><U>/Dutch</U></B> Facility Collateral. Each U.K.<B><U>/Dutch</U></B> Revolver Loan shall be funded in Dollars<B><U> (in the case of Term SOFR Loans)</U></B>, British Pounds <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>and/or</STRIKE></FONT></B><B><U>(in the case of SONIA Loans),</U></B> Euros (in the case of
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>EURIBOR</U></B> Loans) and Dollars<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;only</STRIKE></FONT></B> (in the case of U.K.<B><U>/Dutch</U></B> Base Rate Loans) and shall be repaid in the same currency as such underlying U.K.<B><U>/Dutch</U></B> Revolver Loan
was made. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>German Revolver Loans to German Borrower</U>. Each
German Lender agrees, severally and not jointly with the other German Lenders, upon the terms and subject to the conditions set forth herein, to make German Revolver Loans to the German Borrower on any Business Day during the period from the Closing
Date to the German Revolver Commitment Termination Date, not to exceed in aggregate principal amount outstanding at any time such German Lender&#146;s German Revolver Commitment at such time, which German Revolver Loans may be repaid and reborrowed
in accordance with the terms and provisions of this Agreement; <U>provided</U>, <U>however</U>, that such German Lenders shall have no obligation to the German Borrower whatsoever to honor any request for a German Revolver Loan on or after the
German Revolver Commitment Termination Date or if the amount of the proposed German Revolver Loan exceeds German Availability on the proposed funding date for such German Revolver Loan. Each Borrowing of German Revolver Loans shall be funded by the
German Lenders on a Pro Rata basis. The German Revolver Loans shall bear interest as set forth in <B>Section</B><B></B><B>&nbsp;3.1</B>. Each German Revolver Loan shall, at the option of the Borrower Agent, be made or continued as, or converted
into, part of one or more Borrowings that, unless specifically provided herein, shall consist entirely of German Base Rate Loans<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;or LIBOR Loans (provided, that German Base Rate Loans shall only be denominated in Dollars)</STRIKE></FONT></B><B><U>, SONIA Loans, EURIBOR Loans, SARON Loans or Term SOFR Revolver
Loans</U></B>. The German Revolver Loans shall be repaid in accordance with the terms of this Agreement and shall be secured by all of the German Facility Collateral. Each German Revolver Loan shall be funded in Dollars<B><U> (in the case of Term
SOFR Loans or German Base Rate Loans)</U></B>, British Pounds<B><U> (in the case of SONIA Loans)</U></B>, Swiss Francs <B><U>(in the case of SARON Loans)
</U></B>and<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>/or</STRIKE></FONT></B> Euros (in the case of <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR Loans) and Dollars only (in the case of German
Base Rate</STRIKE></FONT></B><B><U>EURIBOR</U></B> Loans) and shall be repaid in the same currency as such underlying German Revolver Loan was made. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Maximum Total
Revolver Exposure</U>. Notwithstanding anything to the contrary contained in this <B>Section</B><B></B><B>&nbsp;2.1.1</B>, in no event shall any Borrower be entitled to receive a Revolver Loan if, at the time of the proposed funding of such Loan
(and after giving effect thereto and all pending requests for Loans), the Total Revolver Exposure exceeds (or would exceed) the lesser of the Maximum Facility Amount and the Revolver Commitments. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">2.1.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Revolver Notes</U>. The Revolver Loans made by each Lender and
interest accruing thereon shall be evidenced by the records of Agent and such Lender. At the request of any Lender, the U.S. Borrowers and/or the Canadian Borrower and/or the
U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B> and/or the German
Borrower shall execute and deliver a U.S. Revolver Note and/or a Canadian Revolver Note and/or a U.K.<B><U>/Dutch</U></B> Revolver Note and/or a German Revolver Note, respectively, to such Lender in the amount of such Lender&#146;s applicable
Revolver Commitment(s). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">2.1.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Use of Proceeds</U>. The proceeds of
Revolver Loans shall be used by Borrowers solely (a)&nbsp;to satisfy existing Debt on the Original Agreement Closing Date; (b)&nbsp;to pay fees and transaction expenses associated with the closing of this credit facility; (c)&nbsp;to pay Obligations
in accordance with this Agreement; and (d)&nbsp;for working capital and other lawful corporate purposes not prohibited by this Agreement. Borrowers shall not, directly or indirectly, use any Letter of Credit or Loan proceeds, nor use, lend,
contribute or otherwise make available any Letter of Credit or Loan proceeds to any Subsidiary, joint venture partner or other Person, (i)&nbsp;to fund any activities of or business with any Person, or in any country or territory, that, at the time
of issuance of the Letter of Credit or funding of the Loan, is the target of a Sanction; or (ii)&nbsp;in any manner that would result in a violation of a Sanction by any Person (including any Secured Party or other individual or entity participating
in the transaction) or in violation of Anti-Corruption Laws. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">2.1.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Voluntary Reallocation, Reduction or Termination of Revolver
Commitments</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination of a Revolver Commitment</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Canadian Revolver Commitments shall terminate on the
Canadian Revolver Commitment Termination Date, the U.K.<B><U>/Dutch</U></B> Revolver Commitments shall terminate on the U.K.<B><U>/Dutch</U></B> Revolver Commitment Termination Date, the German Revolver Commitments shall terminate on the German
Revolver Commitment Termination Date, and the U.S. Revolver Commitments shall terminate on the U.S. Revolver Commitment Termination Date, in each case, unless sooner terminated in accordance with this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon at least 10 days&#146;<B><U> (or such shorter period
as may be agreed by Agent)</U></B> prior written notice to Agent from the Borrower Agent, (A)&nbsp;U.S. Borrowers may, at their option, terminate the U.S. Revolver Commitments and this credit facility and/or (B)&nbsp;the Canadian Borrower may, at
its option, terminate the Canadian Revolver Commitments and/or (C)&nbsp;the
U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B> may, at its option,
terminate the U.K.<B><U>/Dutch</U></B> Revolver Commitments and/or (D)&nbsp;the German Borrower may, at its option, terminate the German Revolver Commitments, in each case, without premium or penalty (other than funding losses payable pursuant to
<B>Section</B><B></B><B>&nbsp;3.9</B>). If the U.S. Borrowers elect to reduce to zero or terminate the U.S. Revolver Commitments pursuant to the previous sentence, the Canadian Revolver Commitments, German Revolver Commitments and
U.K.<B><U>/Dutch</U></B> Revolver Commitments shall automatically terminate concurrently with the termination of the U.S. Revolver Commitments. Any notice of termination given by Borrowers pursuant to this <B>Section</B><B></B><B>&nbsp;2.1.4</B>
shall be irrevocable but may be conditioned on a refinancing or another material event. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On the
Canadian Revolver Commitment Termination Date, the Canadian Borrower shall make Full Payment of all Canadian Facility Obligations. On the U.K.<B><U>/Dutch</U></B> Revolver Commitment Termination Date, the U.K.<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B> shall make Full Payment of all
U.K.<B><U>/Dutch</U></B> Facility Obligations. On the German Revolver Commitment Termination Date, the German Borrower shall make Full Payment of all German Facility Obligations. On the U.S. Revolver Commitment Termination Date, the U.S. Borrowers
shall make Full Payment of all U.S. Facility Obligations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Reduction of the Maximum Facility Amount</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;So long as (x)&nbsp;no Default or Event of Default then
exists or would result therefrom, and (y)&nbsp;no U.S. Overadvance, Canadian Overadvance, German Overadvance or U.K.<B><U>/Dutch</U></B> Overadvance then exists or would result therefrom, the Borrower Agent may permanently and irrevocably reduce the
Maximum Facility Amount by giving Agent at least 10 days&#146; <B><U>(or such shorter period as may be agreed by Agent) </U></B>prior irrevocable written notice thereof from a Senior Officer of the Borrower Agent, which notice shall (A)&nbsp;specify
the date (which shall be a Business Day) and amount of such reduction (which shall be in a minimum amount of $10,000,000 and increments of $5,000,000 in excess thereof), (B) specify the allocation of such reduction to, and the corresponding
reductions of, each of the Maximum U.S. Facility Amount and/or the Maximum Canadian Facility Amount and/or the Maximum U.K.<B><U>/Dutch</U></B> Facility Amount and/or the Maximum German Facility Amount (and the respective U.S. Revolver Commitments,
Canadian Revolver Commitments, U.K.<B><U>/Dutch</U></B> Revolver Commitments and the German Revolver Commitments of the U.S. Lenders, the Canadian Lenders, the U.K.<B><U>/Dutch</U></B> Lenders and the German Lenders, respectively, in respect
thereof, each of which shall be allocated to such Lenders on a Pro Rata basis at the time of such reduction) and (C)&nbsp;certify the satisfaction of the foregoing conditions precedent (including calculations thereof in reasonable detail) both as of
the date of such certificate and as of the effective date of any such proposed reduction. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition to and without limiting the generality of the
foregoing, (A)&nbsp;each reduction in the Maximum U.S. Facility Amount and the U.S. Revolver Commitments shall in no event exceed U.S. Availability and shall be in a minimum amount of $5,000,000 and increments of $1,000,000 in excess thereof,
(B)&nbsp;each reduction in the Maximum Canadian Facility Amount and the Canadian Revolver Commitments shall in no event exceed Canadian Availability and shall be in a minimum amount of $5,000,000 and increments of $1,000,000 in excess thereof,
(C)&nbsp;each reduction in the Maximum U.K.<B><U>/Dutch</U></B> Facility Amount and the U.K.<B><U>/Dutch</U></B> Revolver Commitments shall in no event exceed U.K.<B><U>/Dutch</U></B> Availability and shall be in a minimum amount of $5,000,000 and
increments of $1,000,000 in excess thereof, and (D)&nbsp;each reduction in the Maximum German Facility Amount and the German Revolver Commitments shall in no event exceed German Availability and shall be in a minimum amount of $5,000,000 and
increments of $1,000,000 in excess thereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Reallocation of the
Maximum Country Facility Amounts</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;So long as
(x)&nbsp;no Default or Event of Default then exists or would result therefrom, and (y)&nbsp;no U.S. Overadvance, Canadian Overadvance, German Overadvance or U.K.<B><U>/Dutch</U></B> Overadvance then exists or would result therefrom, the Borrower
Agent may, on no more than two occasions per calendar year, reduce one or more Maximum Country Facility Amounts, and, on a dollar for dollar basis by the amount of such reduction, increase one or more of the other Maximum Country Facility Amounts,
by delivering to Agent (A)&nbsp;at least 30 days&#146; <B><U>(or such shorter period as may be agreed by Agent) </U></B>prior irrevocable written notice thereof from a Senior Officer of the Borrower Agent, which notice shall (1)&nbsp;specify the
date (which shall be a </P>
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Business Day) of such proposed reallocation, (2)&nbsp;specify the reallocation amount(s) amongst each applicable Maximum Country Facility Amount, and (3)&nbsp;certify the satisfaction of the
foregoing conditions precedent (including calculations thereof in reasonable detail) both as of the date of such certificate and as of the effective date of any such proposed reallocation, and (B)&nbsp;pro forma Borrowing Base Certificates at least
three Business Days prior to the requested date of such proposed reallocation prepared in accordance with <B>Section</B><B></B><B>&nbsp;8.1</B> and which give effect to such proposed reallocation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each reallocation in the Maximum Country Facility Amounts
pursuant to <B>Section</B><B></B><B>&nbsp;2.1.4(c)(i)</B> shall reduce or increase, as applicable, the corresponding Revolver Commitment Total, which such reduction or increase shall be allocated amongst the Lenders holding such Revolver Commitment
Total on a Pro Rata basis at the time of such reallocation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition to and without limiting the generality of
the foregoing, </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:16%; text-indent:23%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) each reduction in the Maximum
U.S. Facility Amount and the U.S. Revolver Commitments shall in no event exceed U.S. Availability, (2)&nbsp;after giving effect to such reduction in the Maximum U.S. Facility Amount and the U.S. Revolver Commitments, the U.S. Revolver Commitments
shall represent at least 60.0% of the aggregate Revolver Commitments, and (3)&nbsp;each reallocation in the Maximum U.S. Facility Amount and the U.S. Revolver Commitments shall be in a minimum amount of $5,000,000 and increments of $5,000,000 in
excess thereof; </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; padding-top:12pt; margin-left:16%; text-indent:23%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) each reduction
in the Maximum Canadian Facility Amount and the Canadian Revolver Commitments shall in no event exceed Canadian Availability, (2)&nbsp;unless the Canadian Revolver Commitments are terminated in their entirety pursuant to
<B>Section</B><B></B><B>&nbsp;2.1.4(a)</B> above, no reduction in the Maximum Canadian Facility Amount or the Canadian Revolver Commitments shall reduce the aggregate Canadian Revolver Commitments to less than $10,000,000, and (3)&nbsp;each
reallocation in the Maximum Canadian Facility Amount and the Canadian Revolver Commitments shall be in a minimum amount of $5,000,000 and increments of $5,000,000 in excess thereof; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:16%; text-indent:23%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) each reduction in the Maximum German Facility Amount
and the German Revolver Commitments shall in no event exceed German Availability, (2)&nbsp;unless the German Revolver Commitments are terminated in their entirety pursuant to <B>Section</B><B></B><B>&nbsp;2.1.4(a)</B> above, no reduction in the
Maximum German Facility Amount or the German Revolver Commitments shall reduce the aggregate German Revolver Commitments to less than $10,000,000, and (3)&nbsp;each reallocation in the Maximum German Facility Amount and the German Revolver
Commitments shall be in a minimum amount of $5,000,000 and increments of $5,000,000 in excess thereof; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; padding-bottom:12pt; margin-left:16%; text-indent:23%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(D)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) each reduction in the Maximum
U.K.<B><U>/Dutch</U></B> Facility Amount and the U.K.<B><U>/Dutch</U></B> Revolver Commitments shall in no event exceed U.K.<B><U>/Dutch</U></B> Availability, (2)&nbsp;unless the U.K.<B><U>/Dutch</U></B> Revolver Commitments are terminated in their
entirety pursuant to <B>Section</B><B></B><B>&nbsp;2.1.4(a)</B> above, no reduction in the Maximum U.K.<B><U>/Dutch</U></B> Facility Amount or the U.K.<B><U>/Dutch</U></B> Revolver Commitments shall reduce the aggregate U.K.<B><U>/Dutch</U></B>
Revolver Commitments to less than $10,000,000, and (3)&nbsp;each reallocation in the Maximum U.K.<B><U>/Dutch</U></B> Facility Amount and the U.K.<B><U>/Dutch</U></B> Revolver Commitments shall be in a minimum amount of $5,000,000 and increments of
$5,000,000 in excess thereof. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon at least 10
days&#146;<B><U> (or such shorter period as may be agreed by Agent)</U></B> prior written notice to Agent from the Borrower Agent, U.S. Borrowers may, at their option, permanently remove the U.S. Real Estate Formula Amount from the calculation of
the U.S. Borrowing Base, without premium or penalty (other than funding losses payable pursuant to <B>Section</B><B></B><B>&nbsp;3.9</B>). Any notice of removal given by Borrowers pursuant to this <B>Section</B><B></B><B>&nbsp;2.1.4(d)</B> shall be
irrevocable. Agent and the Lenders agree that Agent shall release any Liens with respect to the Eligible Real Estate to the extent the U.S. Real Estate Formula Amount is removed from the calculation of the U.S. Borrowing Base in accordance with this
<B>Section</B><B></B><B>&nbsp;2.1.4(d)</B> and so long as no Default or Event of Default has occurred and is continuing. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">2.1.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Overadvances</U>. If the aggregate U.S. Revolver Loans exceed the
U.S. Borrowing Base (a &#147;<U>U.S. Overadvance</U>&#148;) at any time, the excess amount shall be payable by U.S. Borrowers <B>on demand</B> by Agent, but all such U.S. Revolver Loans shall nevertheless constitute U.S. Facility Obligations secured
by the U.S. Facility Collateral. If the aggregate Canadian Revolver Loans exceed the Canadian Borrowing Base (a &#147;<U>Canadian Overadvance</U>&#148;) at any time, the excess amount shall be payable by Canadian Borrower <B>on demand</B> by Agent,
but all such Canadian Revolver Loans shall nevertheless constitute Canadian Facility Obligations secured by the Canadian Facility Collateral. If the aggregate U.K.<B><U>/Dutch</U></B> Revolver Loans exceed the U.K.<B><U>/Dutch</U></B> Borrowing Base
(a &#147;<U>U.K.</U><B><U>/Dutch</U></B><U> Overadvance</U>&#148;) at any time, the excess amount shall be payable by the U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B> <B>on demand</B> by Agent, but all such U.K.<B><U>/Dutch</U></B> Revolver Loans shall nevertheless constitute
U.K.<B><U>/Dutch</U></B> Facility Obligations secured by the U.K.<B><U>/Dutch</U></B> Facility Collateral. If the aggregate German Revolver Loans exceed the German Borrowing Base (a &#147;<U>German Overadvance</U>&#148;) at any time, the excess
amount shall be payable by the German Borrower <B>on demand</B> by Agent, but all such German Revolver Loans shall nevertheless constitute German Facility Obligations secured by the German Facility Collateral. Agent may require the Applicable
Lenders to honor requests for Overadvance Loans and to forbear from requiring the applicable Borrowers to cure an Overadvance, (a)&nbsp;when no other Event of Default is known to Agent, as long as (i)&nbsp;the Overadvance does not continue for more
than 30 consecutive days (and no Overadvance may exist for at least five consecutive days thereafter before further Overadvance Loans are required), and (ii)&nbsp;the Overadvance is not known by Agent to exceed 7.5% of the U.S. Borrowing Base with
respect to the U.S. Borrowers, 7.5% of the Canadian Borrowing Base with respect to the Canadian Borrower, 7.5% of the German Borrowing Base with respect to the German Borrower, or 7.5% of the U.K.<B><U>/Dutch</U></B> Borrowing Base with respect to
the U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B>; and
(b)&nbsp;regardless of whether an Event of Default exists, if Agent discovers an Overadvance not previously known by it to exist, as long as from the date of such discovery the Overadvance does not continue for more than 30 consecutive days. In no
event shall Overadvance Loans be required that would cause the outstanding U.S. Revolver Exposure to exceed the aggregate U.S. Revolver Commitments, the outstanding Canadian Revolver Exposure to exceed the aggregate Canadian Revolver Commitments,
the outstanding U.K.<B><U>/Dutch</U></B> Revolver Exposure to exceed the aggregate U.K.<B><U>/Dutch</U></B> Revolver Commitments, or the outstanding German Revolver Exposure to exceed the aggregate German Revolver Commitments. Any funding of an
Overadvance Loan or sufferance of an Overadvance shall not constitute a waiver by Agent or Lenders of the Event of Default caused thereby. In no event shall any Borrower or other Obligor be deemed a beneficiary of this Section nor authorized to
enforce any of its terms. Required Lenders may at any time revoke Agent&#146;s authority to knowingly make further Overadvance Loans by written notice to Agent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">2.1.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Protective Advances</U>. Agent shall be authorized, in its
discretion, at any time that any conditions in <B>Section</B><B></B><B>&nbsp;6</B> are not satisfied, and without regard to the aggregate U.S. Revolver Commitments, the Canadian Revolver Commitments, the U.K.<B><U>/Dutch</U></B> Revolver
Commitments, or the German Revolver Commitments to make U.S. Base Rate Revolver Loans, Canadian Prime Rate Loans, U.K.<B><U>/Dutch</U></B> Base Rate Loans, and German Base Rate Loans, as applicable (each a &#147;<U>Protective Advance</U>&#148;) (a)
up to an aggregate amount of (i) 10% of the aggregate Canadian Revolver Commitments (minus the aggregate amount of any outstanding Canadian Overadvances), with respect to the Canadian Borrower, (ii) 10% of the aggregate U.S. Revolver Commitments
(minus the aggregate amount of any outstanding U.S. </P>
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Overadvances), with respect to the U.S. Borrowers, (iii) 10% of the aggregate U.K.<B><U>/Dutch</U></B> Revolver Commitments (minus the aggregate amount of any outstanding U.K.<B><U>/Dutch</U></B>
Overadvances), with respect to the U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch
Borrowers</U></B>, or (iv) 10% of the aggregate German Revolver Commitments (minus the aggregate amount of any outstanding German Overadvances), with respect to the German Borrower, in each case, outstanding at any time, if Agent deems such Loans
necessary or desirable to preserve or protect Collateral, or to enhance the collectibility or repayment of Obligations; or (b)&nbsp;to pay any other amounts chargeable to Obligors under any Loan Documents, including costs, fees and expenses. Each
Applicable Lender shall participate in each Protective Advance on a Pro Rata basis. Required Lenders may at any time revoke Agent&#146;s authority to make further Protective Advances under clause (a)&nbsp;by written notice to Agent. Absent such
revocation, Agent&#146;s determination that funding of a Protective Advance is appropriate shall be conclusive. All Protective Advances made by Agent with respect to U.S. Borrowers shall be U.S. Facility Obligations, secured by the U.S. Facility
Collateral and shall be treated for all purposes as Extraordinary Expenses. All Protective Advances made by Agent with respect to Canadian Borrower shall be Canadian Facility Obligations, secured by the Canadian Facility Collateral and shall be
treated for all purposes as Extraordinary Expenses. All Protective Advances made by Agent with respect to the U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B> shall be U.K.<B><U>/Dutch</U></B> Facility Obligations, secured by the U.K.<B><U>/Dutch</U></B> Facility Collateral and
shall be treated for all purposes as Extraordinary Expenses. All Protective Advances made by Agent with respect to the German Borrower shall be German Facility Obligations, secured by the German Facility Collateral and shall be treated for all
purposes as Extraordinary Expenses. In no event shall Protective Advances be made by Agent if it would cause the outstanding U.S. Revolver Exposure to exceed the aggregate U.S. Revolver Commitments, the outstanding Canadian Revolver Exposure to
exceed the aggregate Canadian Revolver Commitments, the outstanding U.K.<B><U>/Dutch</U></B> Revolver Exposure to exceed the aggregate U.K.<B><U>/Dutch</U></B> Revolver Commitments, or the outstanding German Revolver Exposure to exceed the aggregate
German Revolver Commitments. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">2.1.7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Increase in U.S. Revolver
Commitments</U>. Borrowers may request an increase in the aggregate U.S. Revolver Commitments from time to time upon notice to Agent, as long as (a)&nbsp;the requested increase is in a minimum amount of $10,000,000 and is offered on the same terms
as the existing U.S. Revolver Commitments, except for fees mutually agreed upon by Borrowers and Agent, (b)&nbsp;increases under this Section do not exceed $150,000,000 in the aggregate and no more than 3 increases are made, (c)&nbsp;no reduction in
Revolver Commitments pursuant to <B>Section</B><B></B><B>&nbsp;2.1.4</B> has occurred prior to the requested increase, (d)&nbsp;no Default or Event of Default shall have occurred and be continuing at the time of such increase or result therefrom,
and (e)&nbsp;Borrowers shall certify in writing to Agent that Borrowers are not in default under the Term Loan Facility Agreement after giving effect to the requested increase. Agent shall promptly notify U.S. Lenders of the requested increase and,
within 10 Business Days thereafter, each U.S. Lender shall notify Agent if and to what extent such Lender commits to increase its U.S. Revolver Commitment. No such increases shall be consummated unless each U.S. Lender agrees to increase its U.S.
Revolver Commitment on a Pro Rata basis. Any U.S. Lender not responding within such period shall be deemed to have declined an increase. Provided the conditions set forth in <B>Section</B><B></B><B>&nbsp;6.2</B> are satisfied, total U.S. Revolver
Commitments shall be increased by the requested amount (or such lesser amount committed by U.S. Lenders on a Pro Rata basis) on a date agreed upon by Agent and Borrower Agent, but no later than 45 days following Borrowers&#146; increase request.
Agent, Borrowers, and U.S. Lenders shall execute and deliver such documents and agreements as Agent deems appropriate to evidence the increase in and allocations of U.S. Revolver Commitments (which shall be on a Pro Rata basis among U.S. Lenders).
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>2.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>U.K.</U><U>/Dutch</U><U> Letter of Credit
Facility</U>. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">2.2.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Issuance of U.K.</U><B><U>/Dutch</U></B><U>
Letters of Credit</U>. U.K.<B><U>/Dutch</U></B> Issuing Bank shall issue U.K.<B><U>/Dutch</U></B> Letters of Credit from time to time on and after the Closing Date until 30 days prior to the Facility Termination Date (or until the
U.K.<B><U>/Dutch</U></B> Revolver Commitment Termination Date, if earlier), on the terms set forth herein, including the following: </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The U.K.<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE> Borrower acknowledges</STRIKE></FONT></B><B><U>/Dutch Borrowers acknowledge</U></B> that
U.K.<B><U>/Dutch</U></B> Issuing Bank&#146;s issuance of any U.K.<B><U>/Dutch</U></B> Letter of Credit is conditioned upon U.K.<B><U>/Dutch</U></B> Issuing Bank&#146;s receipt of a LC Application with respect to the requested
U.K.<B><U>/Dutch</U></B> Letter of Credit, as well as such other instruments and agreements as U.K.<B><U>/Dutch</U></B> Issuing Bank may customarily require for issuance of a letter of credit of similar type and amount. U.K.<B><U>/Dutch</U></B>
Issuing Bank shall have no obligation to issue any U.K.<B><U>/Dutch</U></B> Letter of Credit unless (i)&nbsp;U.K.<B><U>/Dutch</U></B> Issuing Bank receives a LC Request and LC Application at least three Business Days prior to the requested date of
issuance; (ii)&nbsp;each LC Condition is satisfied; and (iii)&nbsp;if a Defaulting Lender that is a U.K.<B><U>/Dutch</U></B> Lender exists, such Lender or the
U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower has</STRIKE></FONT></B><B><U>/Dutch Borrowers have</U></B> entered into
arrangements satisfactory to Agent and U.K.<B><U>/Dutch</U></B> Issuing Bank to eliminate any Fronting Exposure associated with such Lender. If, in sufficient time to act, U.K.<B><U>/Dutch</U></B> Issuing Bank receives written notice from
U.K.<B><U>/Dutch</U></B> Required Lenders that a LC Condition has not been satisfied, U.K.<B><U>/Dutch</U></B> Issuing Bank shall not issue the requested U.K.<B><U>/Dutch</U></B> Letter of Credit. Prior to receipt of any such notice,
U.K.<B><U>/Dutch</U></B> Issuing Bank shall not be deemed to have knowledge of any failure of LC Conditions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.K.<B><U>/Dutch</U></B> Letters of Credit may be requested by the U.K.<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE> Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B> to support obligations incurred in the
Ordinary Course of Business, or as otherwise approved by Agent. The renewal or extension of any U.K.<B><U>/Dutch</U></B> Letter of Credit shall be treated as the issuance of a new U.K.<B><U>/Dutch</U></B> Letter of Credit, except that delivery of a
new LC Application shall be required at the discretion of U.K.<B><U>/Dutch</U></B> Issuing Bank. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE> Borrower assumes</STRIKE></FONT></B><B><U>/Dutch Borrowers assume</U></B> all risks of
the acts, omissions or misuses of any U.K.<B><U>/Dutch</U></B> Letter of Credit by the beneficiary. In connection with issuance of any U.K.<B><U>/Dutch</U></B> Letter of Credit, none of Agent, Issuing Banks or any Lender shall be responsible for the
existence, character, quality, quantity, condition, packing, value or delivery of any goods purported to be represented by any Documents; any differences or variation in the character, quality, quantity, condition, packing, value or delivery of any
goods from that expressed in any Documents; the form, validity, sufficiency, accuracy, genuineness or legal effect of any Documents or of any endorsements thereon; the time, place, manner or order in which shipment of goods is made; partial or
incomplete shipment of, or failure to ship, any goods referred to in a U.K.<B><U>/Dutch</U></B> Letter of Credit or Documents; any deviation from instructions, delay, default or fraud by any shipper or other Person in connection with any goods,
shipment or delivery; any breach of contract between a shipper or vendor and the
U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B>; errors, omissions,
interruptions or delays in transmission or delivery of any messages, by mail, cable, telegraph, telex, telecopy, <FONT STYLE="white-space:nowrap">e-mail,</FONT> telephone or otherwise; errors in interpretation of technical terms; the misapplication
by a beneficiary of any U.K.<B><U>/Dutch</U></B> Letter of Credit or the proceeds thereof; or any consequences arising from causes beyond the control of Issuing Banks, Agent or any Lender, including any act or omission of a Governmental Authority.
The rights and remedies of U.K.<B><U>/Dutch</U></B> Issuing Bank under the Loan Documents shall be cumulative. U.K.<B><U>/Dutch</U></B> Issuing Bank shall be fully subrogated to the rights and remedies of each beneficiary whose claims against the
U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B> are discharged with
proceeds of any U.K.<B><U>/Dutch</U></B> Letter of Credit. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
connection with its administration of and enforcement of rights or remedies under any U.K.<B><U>/Dutch</U></B> Letters of Credit or LC Documents, U.K.<B><U>/Dutch</U></B> Issuing Bank shall be entitled to act, and shall be fully protected in acting,
upon any certification, documentation or communication in whatever form believed by U.K.<B><U>/Dutch</U></B> Issuing Bank, in good faith, to be genuine and correct and to have been signed, sent or made by a proper Person. U.K.<B><U>/Dutch</U></B>
Issuing Bank may consult with and employ legal counsel, accountants and other experts to advise it concerning its obligations, rights and remedies, and shall be entitled to act upon, and shall be fully protected in any action taken in good faith
reliance upon, any advice given by such experts. U.K.<B><U>/Dutch</U></B> Issuing Bank may employ agents and <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> in
</P>
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connection with any matter relating to U.K.<B><U>/Dutch</U></B> Letters of Credit or LC Documents, and shall not be liable for the negligence or misconduct of agents and <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> selected with reasonable care. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">2.2.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Reimbursement; Participations</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If U.K.<B><U>/Dutch</U></B> Issuing Bank honors any request for payment
under a U.K.<B><U>/Dutch</U></B> Letter of Credit, the
U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B> shall pay to
U.K.<B><U>/Dutch</U></B> Issuing Bank, on the same day (&#147;<U>U.K.</U><B><U>/Dutch</U></B><U> Reimbursement Date</U>&#148;), the amount paid by U.K.<B><U>/Dutch</U></B> Issuing Bank under such U.K.<B><U>/Dutch</U></B> Letter of Credit in the same
currency in which the Letter of Credit was denominated unless otherwise specified by Agent or U.K.<B><U>/Dutch</U></B> Issuing Bank (at their respective option) that it requires payment in Dollars, British Pounds or Euros calculated at the Spot
Rate, together with interest at the interest rate for U.K.<B><U>/Dutch</U></B> Base Rate Loans from the U.K.<B><U>/Dutch</U></B> Reimbursement Date until payment by the
U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B>. The obligation of the
U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B> to reimburse
U.K.<B><U>/Dutch</U></B> Issuing Bank for any payment made under a U.K.<B><U>/Dutch</U></B> Letter of Credit shall be absolute, unconditional, irrevocable, and joint and several, and shall be paid without regard to any lack of validity or
enforceability of any U.K.<B><U>/Dutch</U></B> Letter of Credit or the existence of any claim, setoff, defense or other right that the U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B> may have at any time against the beneficiary. Whether or not Borrower Agent submits a Notice of Borrowing, the U.K.<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B> shall be deemed to have requested a
Borrowing of a <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR</U></B> Revolver Loan (the initial Interest Period of which shall be 30 days commencing on the relevant Reimbursement Date)
in an amount necessary to pay all amounts due U.K.<B><U>/Dutch</U></B> Issuing Bank on that U.K.<B><U>/Dutch</U></B> Reimbursement Date and each U.K.<B><U>/Dutch</U></B> Lender agrees to fund its Pro Rata share of such Borrowing whether or not the
U.K.<B><U>/Dutch</U></B> Revolver Commitments have terminated, a U.K.<B><U>/Dutch</U></B> Overadvance exists or is created thereby, or the conditions in <B>Section</B><B></B><B>&nbsp;6</B> are satisfied. In the event that (i)&nbsp;a drawing
denominated in a foreign currency (other than Dollars, British Pounds and Euros) (such foreign currency, a &#147;<U>U.K. Reimbursed Foreign Currency</U>&#148;) is to be reimbursed in Dollars, British Pounds or Euros pursuant to the first sentence in
this <B>Section</B><B></B><B>&nbsp;2.2.2(a)</B>; and (ii)&nbsp;the Dollars, British Pounds or Euros amount, as applicable, paid by the U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B> shall not be adequate on the date of that payment to purchase in accordance with normal banking procedures a sum denominated
in the U.K. Reimbursed Foreign Currency equal to the drawing, the U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower
agrees</STRIKE></FONT></B><B><U>/Dutch Borrowers agree</U></B>, as a separate and independent obligation, to indemnify U.K.<B><U>/Dutch</U></B> Issuing Bank for the loss resulting from its inability on that date to purchase the U.K. Reimbursed
Foreign Currency in the full amount of the drawing. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon issuance of
a U.K.<B><U>/Dutch</U></B> Letter of Credit, each U.K.<B><U>/Dutch</U></B> Lender shall be deemed to have irrevocably and unconditionally purchased from U.K.<B><U>/Dutch</U></B> Issuing Bank, without recourse or warranty, an undivided Pro Rata
interest and participation in all U.K.<B><U>/Dutch</U></B> LC Obligations relating to the U.K.<B><U>/Dutch</U></B> Letter of Credit. If U.K.<B><U>/Dutch</U></B> Issuing Bank makes any payment under a U.K.<B><U>/Dutch</U></B> Letter of Credit and the
U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower does</STRIKE></FONT></B><B><U>/Dutch Borrowers do</U></B> not reimburse
such payment on the U.K.<B><U>/Dutch</U></B> Reimbursement Date, Agent shall promptly notify U.K.<B><U>/Dutch</U></B> Lenders and each U.K.<B><U>/Dutch</U></B> Lender shall promptly (within one Business Day) and unconditionally pay to Agent, for the
benefit of U.K.<B><U>/Dutch</U></B> Issuing Bank, the U.K.<B><U>/Dutch</U></B> Lender&#146;s Pro Rata share of such payment in the same currency as required of the
U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B> in accordance with
<B>Section</B><B></B><B>&nbsp;2.2.2(a)</B>. Upon request by a U.K.<B><U>/Dutch</U></B> Lender, U.K.<B><U>/Dutch</U></B> Issuing Bank shall furnish copies of any U.K.<B><U>/Dutch</U></B> Letters of Credit and LC Documents in its possession at such
time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The obligation of each U.K.<B><U>/Dutch</U></B> Lender to make
payments to Agent for the account of U.K.<B><U>/Dutch</U></B> Issuing Bank in connection with U.K.<B><U>/Dutch</U></B> Issuing Bank&#146;s payment under a U.K.<B><U>/Dutch</U></B> Letter of Credit shall be absolute, unconditional and irrevocable,
not subject to any counterclaim, setoff, qualification or exception whatsoever, and shall be made in accordance with this Agreement under all circumstances, irrespective of any lack of validity or unenforceability of any Loan
</P>
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Documents; any draft, certificate or other document presented under a U.K.<B><U>/Dutch</U></B> Letter of Credit having been determined to be forged, fraudulent, invalid or insufficient in any
respect or any statement therein being untrue or inaccurate in any respect; or the existence of any setoff or defense that any Obligor may have with respect to any Obligations. U.K.<B><U>/Dutch</U></B> Issuing Bank does not assume any responsibility
for any failure or delay in performance or any breach by the
U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B> or other Person of any
obligations under any LC Documents. U.K.<B><U>/Dutch</U></B> Issuing Bank does not make to Lenders any express or implied warranty, representation or guaranty with respect to the Collateral, LC Documents or any Obligor. U.K.<B><U>/Dutch</U></B>
Issuing Bank shall not be responsible to any Lender for any recitals, statements, information, representations or warranties contained in, or for the execution, validity, genuineness, effectiveness or enforceability of any LC Documents; the
validity, genuineness, enforceability, collectibility, value or sufficiency of any Collateral or the perfection of any Lien therein; or the assets, liabilities, financial condition, results of operations, business, creditworthiness or legal status
of any Obligor. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No Issuing Bank Indemnitee shall be liable to any
Lender or other Person for any action taken or omitted to be taken in connection with any LC Documents except as a result of its actual gross negligence or willful misconduct. U.K.<B><U>/Dutch</U></B> Issuing Bank shall not have any liability to any
Lender if U.K.<B><U>/Dutch</U></B> Issuing Bank refrains from any action under a Letter of Credit or LC Documents until it receives written instructions from U.K.<B><U>/Dutch</U></B> Required Lenders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">2.2.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Cash Collateral</U>. If any U.K.<B><U>/Dutch</U></B> LC Obligations,
whether or not then due or payable, shall for any reason be outstanding at any time (a)&nbsp;that an Event of Default exists, (b)&nbsp;that U.K.<B><U>/Dutch</U></B> Availability is less than zero, or (c)&nbsp;within 10 Business Days prior to the
U.K.<B><U>/Dutch</U></B> Revolver Commitment Termination Date, then the
U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B> shall, at
U.K.<B><U>/Dutch</U></B> Issuing Bank&#146;s or Agent&#146;s request, Cash Collateralize the stated amount of all outstanding U.K.<B><U>/Dutch</U></B> Letters of Credit and pay to U.K.<B><U>/Dutch</U></B> Issuing Bank the amount of all other
U.K.<B><U>/Dutch</U></B> LC Obligations. The
U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B> shall, <B>on
demand</B> by U.K.<B><U>/Dutch</U></B> Issuing Bank or Agent from time to time, Cash Collateralize the Fronting Exposure of any Defaulting Lender which is a U.K.<B><U>/Dutch</U></B> Lender.
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>If the U.K. Borrower fails to provide any Cash Collateral as required hereunder, U.K. Lenders may (and shall upon direction of Agent) advance, as U.K. Revolver Loans, the amount of
the Cash Collateral required (whether or not the U.K. Revolver Commitments have terminated, a U.K. Overadvance exists or the conditions in
Section</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;6 are satisfied).</STRIKE></FONT></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">2.2.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Resignation of U.K.</U><B><U>/Dutch</U></B><U> Issuing Bank</U>.
U.K.<B><U>/Dutch</U></B> Issuing Bank may resign at any time upon notice to Agent and the
U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B>. On the effective date
of such resignation, U.K.<B><U>/Dutch</U></B> Issuing Bank shall have no further obligation to issue, amend, renew, extend or otherwise modify any Letter of Credit, but shall continue to have all rights and obligations of an Issuing Bank hereunder,
including under <B>Sections 2.2</B>, <B>12.6</B> and <B>14.2</B>, relating to any Letter of Credit issued prior to such date. Agent shall promptly appoint a replacement U.K.<B><U>/Dutch</U></B> Issuing Bank, which, as long as no Default or Event of
Default exists, shall be reasonably acceptable to the
U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>U.S. Letter of Credit Facility</U>. </B></P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">2.3.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Issuance of U.S. Letters of Credit</U>. U.S. Issuing Bank shall issue
U.S. Letters of Credit from time to time until 30 days prior to the Facility Termination Date (or until the U.S. Revolver Commitment Termination Date, if earlier), on the terms set forth herein, including the following: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each U.S. Borrower acknowledges that U.S. Issuing Bank&#146;s issuance of
any U.S. Letter of Credit is conditioned upon U.S. Issuing Bank&#146;s receipt of a LC Application with respect to the </P>
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requested U.S. Letter of Credit, as well as such other instruments and agreements as U.S. Issuing Bank may customarily require for issuance of a letter of credit of similar type and amount. U.S.
Issuing Bank shall have no obligation to issue any U.S. Letter of Credit unless (i)&nbsp;U.S. Issuing Bank receives a LC Request and LC Application at least three Business Days prior to the requested date of issuance; (ii)&nbsp;each LC Condition is
satisfied; and (iii)&nbsp;if a Defaulting Lender that is a U.S. Lender exists, such Lender or U.S. Borrowers have entered into arrangements satisfactory to Agent and U.S. Issuing Bank to eliminate any Fronting Exposure associated with such Lender.
If, in sufficient time to act, U.S. Issuing Bank receives written notice from U.S. Required Lenders that a LC Condition has not been satisfied, U.S. Issuing Bank shall not issue the requested U.S. Letter of Credit. Prior to receipt of any such
notice, U.S. Issuing Bank shall not be deemed to have knowledge of any failure of LC Conditions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Letters of Credit may be requested by a U.S. Borrower to support
obligations incurred in the Ordinary Course of Business, or as otherwise approved by Agent. The renewal or extension of any U.S. Letter of Credit shall be treated as the issuance of a new U.S. Letter of Credit, except that delivery of a new LC
Application shall be required at the discretion of U.S. Issuing Bank. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Borrowers assume all risks of the acts, omissions or misuses of any
U.S. Letter of Credit by the beneficiary. In connection with issuance of any U.S. Letter of Credit, none of Agent, Issuing Banks or any Lender shall be responsible for the existence, character, quality, quantity, condition, packing, value or
delivery of any goods purported to be represented by any Documents; any differences or variation in the character, quality, quantity, condition, packing, value or delivery of any goods from that expressed in any Documents; the form, validity,
sufficiency, accuracy, genuineness or legal effect of any Documents or of any endorsements thereon; the time, place, manner or order in which shipment of goods is made; partial or incomplete shipment of, or failure to ship, any goods referred to in
a U.S. Letter of Credit or Documents; any deviation from instructions, delay, default or fraud by any shipper or other Person in connection with any goods, shipment or delivery; any breach of contract between a shipper or vendor and a U.S. Borrower;
errors, omissions, interruptions or delays in transmission or delivery of any messages, by mail, cable, telegraph, telex, telecopy, <FONT STYLE="white-space:nowrap">e-mail,</FONT> telephone or otherwise; errors in interpretation of technical terms;
the misapplication by a beneficiary of any U.S. Letter of Credit or the proceeds thereof; or any consequences arising from causes beyond the control of Issuing Banks, Agent or any Lender, including any act or omission of a Governmental Authority.
The rights and remedies of U.S. Issuing Bank under the Loan Documents shall be cumulative. U.S. Issuing Bank shall be fully subrogated to the rights and remedies of each beneficiary whose claims against U.S. Borrowers are discharged with proceeds of
any U.S. Letter of Credit. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with its administration of
and enforcement of rights or remedies under any U.S. Letters of Credit or LC Documents, U.S. Issuing Bank shall be entitled to act, and shall be fully protected in acting, upon any certification, documentation or communication in whatever form
believed by U.S. Issuing Bank, in good faith, to be genuine and correct and to have been signed, sent or made by a proper Person. U.S. Issuing Bank may consult with and employ legal counsel, accountants and other experts to advise it concerning its
obligations, rights and remedies, and shall be entitled to act upon, and shall be fully protected in any action taken in good faith reliance upon, any advice given by such experts. U.S. Issuing Bank may employ agents and <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> in connection with any matter relating to U.S. Letters of Credit or LC Documents, and shall not be liable for the negligence or misconduct of agents and <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> selected with reasonable care. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Obligors, Agent and Lenders hereby acknowledge and agree that all Existing
Letters of Credit shall constitute U.S. Letters of Credit under this Agreement on and after the Original Agreement Closing Date with the same effect as if such Existing Letters of Credit were issued by U.S. Issuing Bank at the request of U.S.
Borrowers on the Original Agreement Closing Date. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">2.3.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Reimbursement;
Participations</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If U.S. Issuing Bank honors any request for
payment under a U.S. Letter of Credit, U.S. Borrowers shall pay to U.S. Issuing Bank, on the same day (&#147;<U>U.S. Reimbursement Date</U>&#148;), the amount paid by U.S. Issuing Bank under such U.S. Letter of Credit in the same currency in which
the Letter of Credit was denominated unless otherwise specified by Agent or U.S. Issuing Bank (at their respective option) that it requires payment in Dollars calculated at the Spot Rate, together with interest at the interest rate for U.S. Base
Rate Revolver Loans from the U.S. Reimbursement Date until payment by U.S. Borrowers. The obligation of U.S. Borrowers to reimburse U.S. Issuing Bank for any payment made under a U.S. Letter of Credit shall be absolute, unconditional, irrevocable,
and joint and several, and shall be paid without regard to any lack of validity or enforceability of any U.S. Letter of Credit or the existence of any claim, setoff, defense or other right that U.S. Borrowers may have at any time against the
beneficiary. Whether or not Borrower Agent submits a Notice of Borrowing, U.S. Borrowers shall be deemed to have requested a Borrowing of U.S. Base Rate Revolver Loans in an amount necessary to pay all amounts due U.S. Issuing Bank on any U.S.
Reimbursement Date and each U.S. Lender agrees to fund its Pro Rata share of such Borrowing whether or not the U.S. Revolver Commitments have terminated, a U.S. Overadvance exists or is created thereby, or the conditions in
<B>Section</B><B></B><B>&nbsp;6</B> are satisfied. In the event that (i)&nbsp;a drawing denominated in a foreign currency (such foreign currency, a &#147;<U>U.S. Reimbursed Foreign Currency</U>&#148;) is to be reimbursed in Dollars pursuant to the
first sentence in this <B>Section</B><B></B><B>&nbsp;2.3.2(a)</B>; and (ii)&nbsp;the Dollars amount paid by the U.S. Borrowers shall not be adequate on the date of that payment to purchase in accordance with normal banking procedures a sum
denominated in the U.S. Reimbursed Foreign Currency equal to the drawing, the U.S. Borrowers agree, as a separate and independent obligation, to indemnify U.S. Issuing Bank for the loss resulting from its inability on that date to purchase the U.S.
Reimbursed Foreign Currency in the full amount of the drawing. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon
issuance of a U.S. Letter of Credit, each U.S. Lender shall be deemed to have irrevocably and unconditionally purchased from U.S. Issuing Bank, without recourse or warranty, an undivided Pro Rata interest and participation in all U.S. LC Obligations
relating to the U.S. Letter of Credit. If U.S. Issuing Bank makes any payment under a U.S. Letter of Credit and U.S. Borrowers do not reimburse such payment on the U.S. Reimbursement Date, Agent shall promptly notify U.S. Lenders and each U.S.
Lender shall promptly (within one Business Day) and unconditionally pay to Agent, for the benefit of U.S. Issuing Bank, the U.S. Lender&#146;s Pro Rata share of such payment in the same currency as required of the U.S. Borrowers in accordance with
<B>Section</B><B></B><B>&nbsp;2.3.2(a)</B>. Upon request by a U.S. Lender, U.S. Issuing Bank shall furnish copies of any U.S. Letters of Credit and LC Documents in its possession at such time. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The obligation of each U.S. Lender to make payments to Agent for the
account of U.S. Issuing Bank in connection with U.S. Issuing Bank&#146;s payment under a U.S. Letter of Credit shall be absolute, unconditional and irrevocable, not subject to any counterclaim, setoff, qualification or exception whatsoever, and
shall be made in accordance with this Agreement under all circumstances, irrespective of any lack of validity or unenforceability of any Loan Documents; any draft, certificate or other document presented under a U.S. Letter of Credit having been
determined to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; or the existence of any setoff or defense that any Obligor may have with respect to any Obligations. U.S.
Issuing Bank does not assume any responsibility for any failure or delay in performance or any breach by any U.S. Borrower or other Person of any obligations under any LC Documents. U.S. Issuing Bank does not make to Lenders any express or implied
warranty, representation or guaranty with respect to the Collateral, LC Documents or any Obligor. U.S. Issuing Bank shall not be responsible to any Lender for any recitals, statements, information, representations or warranties contained in, or for
the execution, validity, genuineness, effectiveness or enforceability of any LC Documents; the validity, genuineness, enforceability, collectibility, value or sufficiency of any Collateral or the perfection of any Lien therein; or the assets,
</P>
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liabilities, financial condition, results of operations, business, creditworthiness or legal status of any Obligor. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No Issuing Bank Indemnitee shall be liable to any Lender or other Person
for any action taken or omitted to be taken in connection with any LC Documents except as a result of its actual gross negligence or willful misconduct. U.S. Issuing Bank shall not have any liability to any Lender if U.S. Issuing Bank refrains from
any action under a Letter of Credit or LC Documents until it receives written instructions from U.S. Required Lenders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">2.3.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Cash Collateral</U>. If any U.S. LC Obligations, whether or not then
due or payable, shall for any reason be outstanding at any time (a)&nbsp;that an Event of Default exists, (b)&nbsp;that U.S. Availability is less than zero, or (c)&nbsp;within 10 Business Days prior to the U.S. Revolver Commitment Termination Date,
then U.S. Borrowers shall, at U.S. Issuing Bank&#146;s or Agent&#146;s request, Cash Collateralize the stated amount of all outstanding U.S. Letters of Credit and pay to U.S. Issuing Bank the amount of all other U.S. LC Obligations. U.S. Borrowers
shall, <B>on demand</B> by U.S. Issuing Bank or Agent from time to time, Cash Collateralize the Fronting Exposure of any Defaulting Lender which is a U.S. Lender. <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>If U.S. Borrowers
fail to provide any Cash Collateral as required hereunder, U.S. Lenders may (and shall upon direction of Agent) advance, as U.S. Revolver Loans, the amount of the Cash Collateral required (whether or not the U.S. Revolver Commitments have
terminated, a U.S. Overadvance exists or the conditions in
Section</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;6 are satisfied).</STRIKE></FONT></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">2.3.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Resignation of U.S. Issuing Bank</U>. U.S. Issuing Bank may resign
at any time upon notice to Agent and U.S. Borrowers. On the effective date of such resignation, U.S. Issuing Bank shall have no further obligation to issue, amend, renew, extend or otherwise modify any Letter of Credit, but shall continue to have
all rights and obligations of an Issuing Bank hereunder, including under <B>Sections 2.3</B>, <B>12.6</B> and <B>14.2</B>, relating to any Letter of Credit issued prior to such date. Agent shall promptly appoint a replacement U.S. Issuing Bank,
which, as long as no Default or Event of Default exists, shall be reasonably acceptable to U.S. Borrowers. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>2.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Canadian Letter of Credit Facility</U>.
</B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">2.4.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Issuance of Canadian Letters of Credit</U>. Canadian
Issuing Bank shall issue Canadian Letters of Credit from time to time until 30 days prior to the Facility Termination Date (or until the Canadian Revolver Commitment Termination Date, if earlier), on the terms set forth herein, including the
following: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canadian Borrower acknowledges that Canadian Issuing
Bank&#146;s issuance of any Canadian Letter of Credit is conditioned upon Canadian Issuing Bank&#146;s receipt of a LC Application with respect to the requested Canadian Letter of Credit, as well as such other instruments and agreements as Canadian
Issuing Bank may customarily require for issuance of a letter of credit of similar type and amount. Canadian Issuing Bank shall have no obligation to issue any Canadian Letter of Credit unless (i)&nbsp;Canadian Issuing Bank receives a LC Request and
LC Application at least three Business Days prior to the requested date of issuance; (ii)&nbsp;each LC Condition is satisfied; and (iii)&nbsp;if a Defaulting Lender that is a Canadian Lender exists, such Lender or Canadian Borrower has entered into
arrangements satisfactory to Agent and Canadian Issuing Bank to eliminate any Fronting Exposure associated with such Lender. If, in sufficient time to act, Canadian Issuing Bank receives written notice from Canadian Required Lenders that a LC
Condition has not been satisfied, Canadian Issuing Bank shall not issue the requested Canadian Letter of Credit. Prior to receipt of any such notice, Canadian Issuing Bank shall not be deemed to have knowledge of any failure of LC Conditions. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canadian Letters of
Credit may be requested by Canadian Borrower to support obligations incurred in the Ordinary Course of Business, or as otherwise approved by Agent. The renewal or extension of any Canadian Letter of Credit shall be treated as the issuance of a new
Canadian Letter of Credit, except that delivery of a new LC Application shall be required at the discretion of Canadian Issuing Bank. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canadian Borrower assumes all risks of the acts, omissions or misuses of
any Canadian Letter of Credit by the beneficiary. In connection with issuance of any Canadian Letter of Credit, none of Agent, Issuing Banks or any Lender shall be responsible for the existence, character, quality, quantity, condition, packing,
value or delivery of any goods purported to be represented by any Documents; any differences or variation in the character, quality, quantity, condition, packing, value or delivery of any goods from that expressed in any Documents; the form,
validity, sufficiency, accuracy, genuineness or legal effect of any Documents or of any endorsements thereon; the time, place, manner or order in which shipment of goods is made; partial or incomplete shipment of, or failure to ship, any goods
referred to in a Canadian Letter of Credit or Documents; any deviation from instructions, delay, default or fraud by any shipper or other Person in connection with any goods, shipment or delivery; any breach of contract between a shipper or vendor
and Canadian Borrower; errors, omissions, interruptions or delays in transmission or delivery of any messages, by mail, cable, telegraph, telex, telecopy, <FONT STYLE="white-space:nowrap">e-mail,</FONT> telephone or otherwise; errors in
interpretation of technical terms; the misapplication by a beneficiary of any Canadian Letter of Credit or the proceeds thereof; or any consequences arising from causes beyond the control of Issuing Banks, Agent or any Lender, including any act or
omission of a Governmental Authority. The rights and remedies of Canadian Issuing Bank under the Loan Documents shall be cumulative. Canadian Issuing Bank shall be fully subrogated to the rights and remedies of each beneficiary whose claims against
Canadian Borrower are discharged with proceeds of any Canadian Letter of Credit. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with its administration of and enforcement of rights or
remedies under any Canadian Letters of Credit or LC Documents, Canadian Issuing Bank shall be entitled to act, and shall be fully protected in acting, upon any certification, documentation or communication in whatever form believed by Canadian
Issuing Bank, in good faith, to be genuine and correct and to have been signed, sent or made by a proper Person. Canadian Issuing Bank may consult with and employ legal counsel, accountants and other experts to advise it concerning its obligations,
rights and remedies, and shall be entitled to act upon, and shall be fully protected in any action taken in good faith reliance upon, any advice given by such experts. Canadian Issuing Bank may employ agents and <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> in connection with any matter relating to Canadian Letters of Credit or LC Documents, and shall not be liable for the negligence or misconduct of agents and <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> selected with reasonable care. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">2.4.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Reimbursement; Participations</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If Canadian Issuing Bank honors any request for payment under a Canadian
Letter of Credit, Canadian Borrower shall pay to Canadian Issuing Bank, on the same day (&#147;<U>Canadian Reimbursement Date</U>&#148;), the amount paid by Canadian Issuing Bank under such Canadian Letter of Credit in the same currency in which the
Letter of Credit was denominated unless otherwise specified by Agent or Canadian Issuing Bank (at their respective option) that it requires payment in Dollars or Canadian Dollars calculated at the Spot Rate, together with interest at the interest
rate for Canadian Prime Rate Loans from the Canadian Reimbursement Date until payment by Canadian Borrower. The obligation of Canadian Borrower to reimburse Canadian Issuing Bank for any payment made under a Canadian Letter of Credit shall be
absolute, unconditional, irrevocable, and joint and several, and shall be paid without regard to any lack of validity or enforceability of any Canadian Letter of Credit or the existence of any claim, setoff, defense or other right that Canadian
Borrower may have at any time against the beneficiary. Whether or not Borrower Agent submits a Notice of Borrowing, Canadian Borrower shall be deemed to have requested a Borrowing of Canadian Prime Rate Loans in an amount necessary to pay all
amounts due Canadian </P>
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Issuing Bank on any Canadian Reimbursement Date and each Canadian Lender agrees to fund its Pro Rata share of such Borrowing whether or not the Canadian Revolver Commitments have terminated, a
Canadian Overadvance exists or is created thereby, or the conditions in <B>Section</B><B></B><B>&nbsp;6</B> are satisfied. In the event that (i)&nbsp;a drawing denominated in a foreign currency (other than Dollars or Canadian Dollars) (such foreign
currency, a &#147;<U>Canadian Reimbursed Foreign Currency</U>&#148;) is to be reimbursed in Dollars or Canadian Dollars pursuant to the first sentence in this <B>Section</B><B></B><B>&nbsp;2.4.2(a)</B>; and (ii)&nbsp;the Dollars or Canadian Dollars
amount, as applicable, paid by Canadian Borrower shall not be adequate on the date of that payment to purchase in accordance with normal banking procedures a sum denominated in the Canadian Reimbursed Foreign Currency equal to the drawing, Canadian
Borrower agrees, as a separate and independent obligation, to indemnify Canadian Issuing Bank for the loss resulting from its inability on that date to purchase the Canadian Reimbursed Foreign Currency in the full amount of the drawing. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon issuance of a Canadian Letter of Credit, each Canadian Lender shall
be deemed to have irrevocably and unconditionally purchased from Canadian Issuing Bank, without recourse or warranty, an undivided Pro Rata interest and participation in all Canadian LC Obligations relating to the Canadian Letter of Credit. If
Canadian Issuing Bank makes any payment under a Canadian Letter of Credit and Canadian Borrower does not reimburse such payment on the Canadian Reimbursement Date, Agent shall promptly notify Canadian Lenders and each Canadian Lender shall promptly
(within one Business Day) and unconditionally pay to Agent, for the benefit of Canadian Issuing Bank, the Canadian Lender&#146;s Pro Rata share of such payment in the same currency as required of the Canadian Borrower in accordance with
<B>Section</B><B></B><B>&nbsp;2.4.2(a)</B>. Upon request by a Canadian Lender, Canadian Issuing Bank shall furnish copies of any Canadian Letters of Credit and LC Documents in its possession at such time. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The obligation of each Canadian Lender to make payments to Agent for the
account of Canadian Issuing Bank in connection with Canadian Issuing Bank&#146;s payment under a Canadian Letter of Credit shall be absolute, unconditional and irrevocable, not subject to any counterclaim, setoff, qualification or exception
whatsoever, and shall be made in accordance with this Agreement under all circumstances, irrespective of any lack of validity or unenforceability of any Loan Documents; any draft, certificate or other document presented under a Canadian Letter of
Credit having been determined to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; or the existence of any setoff or defense that any Obligor may have with respect to
any Obligations. Canadian Issuing Bank does not assume any responsibility for any failure or delay in performance or any breach by Canadian Borrower or other Person of any obligations under any LC Documents. Canadian Issuing Bank does not make to
Lenders any express or implied warranty, representation or guaranty with respect to the Collateral, LC Documents or any Obligor. Canadian Issuing Bank shall not be responsible to any Lender for any recitals, statements, information, representations
or warranties contained in, or for the execution, validity, genuineness, effectiveness or enforceability of any LC Documents; the validity, genuineness, enforceability, collectibility, value or sufficiency of any Collateral or the perfection of any
Lien therein; or the assets, liabilities, financial condition, results of operations, business, creditworthiness or legal status of any Obligor. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No Issuing Bank Indemnitee shall be liable to any Lender or other Person
for any action taken or omitted to be taken in connection with any LC Documents except as a result of its actual gross negligence or willful misconduct. Canadian Issuing Bank shall not have any liability to any Lender if Canadian Issuing Bank
refrains from any action under a Letter of Credit or LC Documents until it receives written instructions from Canadian Required Lenders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">2.4.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Cash Collateral</U>. If any Canadian LC Obligations, whether or not
then due or payable, shall for any reason be outstanding at any time (a)&nbsp;that an Event of Default exists, (b)&nbsp;that Canadian Availability is less than zero, or (c)&nbsp;within 10 Business Days prior to the Canadian Revolver Commitment
Termination Date, then Canadian Borrower shall, at Canadian Issuing Bank&#146;s or Agent&#146;s request, Cash </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">95 </P>

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Collateralize the stated amount of all outstanding Canadian Letters of Credit and pay to Canadian Issuing Bank the amount of all other Canadian LC Obligations. Canadian Borrower shall, <B>on
demand</B> by Canadian Issuing Bank or Agent from time to time, Cash Collateralize the Fronting Exposure of any Defaulting Lender which is a Canadian Lender. <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>If Canadian Borrower
fails to provide any Cash Collateral as required hereunder, Canadian Lenders may (and shall upon direction of Agent) advance, as Canadian Revolver Loans, the amount of the Cash Collateral required (whether or not the Canadian Revolver Commitments
have terminated, a Canadian Overadvance exists or the conditions in
Section</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;6 are satisfied).</STRIKE></FONT></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">2.4.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Resignation of Canadian Issuing Bank</U>. Canadian Issuing Bank may
resign at any time upon notice to Agent and Canadian Borrower. On the effective date of such resignation, Canadian Issuing Bank shall have no further obligation to issue, amend, renew, extend or otherwise modify any Letter of Credit, but shall
continue to have all rights and obligations of an Issuing Bank hereunder, including under <B>Sections 2.4</B>, <B>12.6</B> and <B>14.2</B>, relating to any Letter of Credit issued prior to such date. Agent shall promptly appoint a replacement
Canadian Issuing Bank, which, as long as no Default or Event of Default exists, shall be reasonably acceptable to Canadian Borrower. </P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>2.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>German Letter of Credit Facility</U>. </B></P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">2.5.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Issuance of German Letters of Credit</U>. German Issuing Bank shall
issue German Letters of Credit from time to time on and after the Closing Date until 30 days prior to the Facility Termination Date (or until the German Revolver Commitment Termination Date, if earlier), on the terms set forth herein, including the
following: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The German Borrower acknowledges that German Issuing
Bank&#146;s issuance of any German Letter of Credit is conditioned upon German Issuing Bank&#146;s receipt of a LC Application with respect to the requested German Letter of Credit, as well as such other instruments and agreements as German Issuing
Bank may customarily require for issuance of a letter of credit of similar type and amount. German Issuing Bank shall have no obligation to issue any German Letter of Credit unless (i)&nbsp;German Issuing Bank receives a LC Request and LC
Application at least three Business Days prior to the requested date of issuance; (ii)&nbsp;each LC Condition is satisfied; and (iii)&nbsp;if a Defaulting Lender that is a German Lender exists, such Lender or the German Borrower have entered into
arrangements satisfactory to Agent and German Issuing Bank to eliminate any Fronting Exposure associated with such Lender. If, in sufficient time to act, German Issuing Bank receives written notice from German Required Lenders that a LC Condition
has not been satisfied, German Issuing Bank shall not issue the requested German Letter of Credit. Prior to receipt of any such notice, German Issuing Bank shall not be deemed to have knowledge of any failure of LC Conditions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;German Letters of Credit may be requested by the German Borrower to
support obligations incurred in the Ordinary Course of Business, or as otherwise approved by Agent. The renewal or extension of any German Letter of Credit shall be treated as the issuance of a new German Letter of Credit, except that delivery of a
new LC Application shall be required at the discretion of German Issuing Bank. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The German Borrower assumes all risks of the acts, omissions or misuses of
any German Letter of Credit by the beneficiary. In connection with issuance of any German Letter of Credit, none of Agent, Issuing Banks or any Lender shall be responsible for the existence, character, quality, quantity, condition, packing, value or
delivery of any goods purported to be represented by any Documents; any differences or variation in the character, quality, quantity, condition, packing, value or delivery of any goods from that expressed in any Documents; the form, validity,
sufficiency, accuracy, genuineness or legal effect of any Documents or of any endorsements thereon; the time, place, manner or order in which </P>
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shipment of goods is made; partial or incomplete shipment of, or failure to ship, any goods referred to in a German Letter of Credit or Documents; any deviation from instructions, delay, default
or fraud by any shipper or other Person in connection with any goods, shipment or delivery; any breach of contract between a shipper or vendor and the German Borrower; errors, omissions, interruptions or delays in transmission or delivery of any
messages, by mail, cable, telegraph, telex, telecopy, <FONT STYLE="white-space:nowrap">e-mail,</FONT> telephone or otherwise; errors in interpretation of technical terms; the misapplication by a beneficiary of any German Letter of Credit or the
proceeds thereof; or any consequences arising from causes beyond the control of Issuing Banks, Agent or any Lender, including any act or omission of a Governmental Authority. The rights and remedies of German Issuing Bank under the Loan Documents
shall be cumulative. German Issuing Bank shall be fully subrogated to the rights and remedies of each beneficiary whose claims against the German Borrower are discharged with proceeds of any German Letter of Credit. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with its administration of and enforcement of rights or
remedies under any German Letters of Credit or LC Documents, German Issuing Bank shall be entitled to act, and shall be fully protected in acting, upon any certification, documentation or communication in whatever form believed by German Issuing
Bank, in good faith, to be genuine and correct and to have been signed, sent or made by a proper Person. German Issuing Bank may consult with and employ legal counsel, accountants and other experts to advise it concerning its obligations, rights and
remedies, and shall be entitled to act upon, and shall be fully protected in any action taken in good faith reliance upon, any advice given by such experts. German Issuing Bank may employ agents and <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> in connection with any matter relating to German Letters of Credit or LC Documents, and shall not be liable for the negligence or misconduct of agents and <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> selected with reasonable care. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">2.5.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Reimbursement; Participations</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If German Issuing Bank honors any request for payment under a German
Letter of Credit, the German Borrower shall pay to German Issuing Bank, on the same day (&#147;<U>German Reimbursement Date</U>&#148;), the amount paid by German Issuing Bank under such German Letter of Credit in the same currency in which the
Letter of Credit was denominated unless otherwise specified by Agent or German Issuing Bank (at their respective option) that it requires payment in Dollars, British Pounds, Swiss Francs or Euros calculated at the Spot Rate, together with interest
at the interest rate for German Base Rate Loans from the German Reimbursement Date until payment by the German Borrower. The obligation of the German Borrower to reimburse German Issuing Bank for any payment made under a German Letter of Credit
shall be absolute, unconditional, irrevocable, and joint and several, and shall be paid without regard to any lack of validity or enforceability of any German Letter of Credit or the existence of any claim, setoff, defense or other right that the
German Borrower may have at any time against the beneficiary. Whether or not Borrower Agent submits a Notice of Borrowing, the German Borrower shall be deemed to have requested a Borrowing of a <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR</U></B> Revolver Loan (the initial Interest Period of which shall be 30 days commencing on the relevant Reimbursement Date) in an amount necessary
to pay all amounts due German Issuing Bank on that German Reimbursement Date and each German Lender agrees to fund its Pro Rata share of such Borrowing whether or not the German Revolver Commitments have terminated, a German Overadvance exists or is
created thereby, or the conditions in <B>Section</B><B></B><B>&nbsp;6</B> are satisfied. In the event that (i)&nbsp;a drawing denominated in a foreign currency (other than Dollars, British Pounds, Swiss Francs and Euros) (such foreign currency, a
&#147;<U>German Reimbursed Foreign Currency</U>&#148;) is to be reimbursed in Dollars, British Pounds, Swiss Francs or Euros pursuant to the first sentence in this <B>Section</B><B></B><B>&nbsp;2.5.2(a)</B>; and (ii)&nbsp;the Dollars, British
Pounds, Swiss Francs or Euros amount, as applicable, paid by the German Borrower shall not be adequate on the date of that payment to purchase in accordance with normal banking procedures a sum denominated in the German Reimbursed Foreign Currency
equal to the drawing, the German Borrower agrees, as a separate and independent obligation, to indemnify German Issuing Bank for the loss resulting from its inability on that date to purchase the German Reimbursed Foreign Currency in the full amount
of the drawing. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon issuance of a
German Letter of Credit, each German Lender shall be deemed to have irrevocably and unconditionally purchased from German Issuing Bank, without recourse or warranty, an undivided Pro Rata interest and participation in all German LC Obligations
relating to the German Letter of Credit. If German Issuing Bank makes any payment under a German Letter of Credit and the German Borrower does not reimburse such payment on the German Reimbursement Date, Agent shall promptly notify German Lenders
and each German Lender shall promptly (within one Business Day) and unconditionally pay to Agent, for the benefit of German Issuing Bank, the German Lender&#146;s Pro Rata share of such payment in the same currency as required of the German Borrower
in accordance with <B>Section</B><B></B><B>&nbsp;2.5.2(a)</B>. Upon request by a German Lender, German Issuing Bank shall furnish copies of any German Letters of Credit and LC Documents in its possession at such time. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The obligation of each German Lender to make payments to Agent for the
account of German Issuing Bank in connection with German Issuing Bank&#146;s payment under a German Letter of Credit shall be absolute, unconditional and irrevocable, not subject to any counterclaim, setoff, qualification or exception whatsoever,
and shall be made in accordance with this Agreement under all circumstances, irrespective of any lack of validity or unenforceability of any Loan Documents; any draft, certificate or other document presented under a German Letter of Credit having
been determined to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; or the existence of any setoff or defense that any Obligor may have with respect to any Obligations.
German Issuing Bank does not assume any responsibility for any failure or delay in performance or any breach by the German Borrower or other Person of any obligations under any LC Documents. German Issuing Bank does not make to Lenders any express
or implied warranty, representation or guaranty with respect to the Collateral, LC Documents or any Obligor. German Issuing Bank shall not be responsible to any Lender for any recitals, statements, information, representations or warranties
contained in, or for the execution, validity, genuineness, effectiveness or enforceability of any LC Documents; the validity, genuineness, enforceability, collectibility, value or sufficiency of any Collateral or the perfection of any Lien therein;
or the assets, liabilities, financial condition, results of operations, business, creditworthiness or legal status of any Obligor. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No Issuing Bank Indemnitee shall be liable to any Lender or other Person
for any action taken or omitted to be taken in connection with any LC Documents except as a result of its actual gross negligence or willful misconduct. German Issuing Bank shall not have any liability to any Lender if German Issuing Bank refrains
from any action under a Letter of Credit or LC Documents until it receives written instructions from German Required Lenders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">2.5.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Cash Collateral</U>. If any German LC Obligations, whether or not
then due or payable, shall for any reason be outstanding at any time (a)&nbsp;that an Event of Default exists, (b)&nbsp;that German Availability is less than zero, or (c)&nbsp;within 10 Business Days prior to the German Revolver Commitment
Termination Date, then the German Borrower shall, at German Issuing Bank&#146;s or Agent&#146;s request, Cash Collateralize the stated amount of all outstanding German Letters of Credit and pay to German Issuing Bank the amount of all other German
LC Obligations. The German Borrower shall, <B>on demand</B> by German Issuing Bank or Agent from time to time, Cash Collateralize the Fronting Exposure of any Defaulting Lender which is a German Lender. <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>If the German Borrower fail to provide any Cash Collateral as required hereunder, German Lenders may (and shall upon direction of Agent) advance, as German Revolver Loans, the amount of the
Cash Collateral required (whether or not the German Revolver Commitments have terminated, a German Overadvance exists or the conditions in
Section</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;6 are satisfied).</STRIKE></FONT></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">2.5.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Resignation of German Issuing Bank</U>. German Issuing Bank may
resign at any time upon notice to Agent and the German Borrower. On the effective date of such resignation, German </P>
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Issuing Bank shall have no further obligation to issue, amend, renew, extend or otherwise modify any Letter of Credit, but shall continue to have all rights and obligations of an Issuing Bank
hereunder, including under <B>Sections 2.2</B>, <B>12.6</B> and <B>14.2</B>, relating to any Letter of Credit issued prior to such date. Agent shall promptly appoint a replacement German Issuing Bank, which, as long as no Default or Event of Default
exists, shall be reasonably acceptable to the German Borrower. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE>2.6</STRIKE><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</STRIKE><FONT
STYLE="font-family:Times New Roman"><strike><u>Term Loans</u></strike></FONT><STRIKE>.</STRIKE> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE>2.6.1.</STRIKE><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</STRIKE><FONT
STYLE="font-family:Times New Roman"><strike><u>Term Loans to U.S. Borrowers</u></strike></FONT><STRIKE>. Each U.S. Lender agrees, severally (and not jointly) on a Pro Rata basis up to its Term Loan Commitment, upon the terms and subject to the
conditions set forth herein and subject to Agent</STRIKE><STRIKE>&#146;</STRIKE><STRIKE>s receipt, after the Second Amendment Effective Date, of an appraisal with respect to the Eligible Real Estate performed by an appraiser and on terms
satisfactory to Agent, to make a one-time Term Loan to the U.S. Borrowers on any Business Day during the period from the Second Amendment Effective Date to September 30, 2020; provided, however, that such U.S. Lenders shall have no obligation to the
U.S. Borrowers whatsoever to honor any request for a Term Loan on or after the Term Loan Commitment Termination Date. The Term Loans shall bear interest as set forth in Section</STRIKE><STRIKE></STRIKE><STRIKE>&nbsp;3.1. The Term Loans shall, at the
option of the Borrower Agent, be made or continued as, or converted into, part of one or more Borrowings that, unless specifically provided herein, shall consist entirely of Base Rate Term Loans or LIBOR Term Loans. The Term Loans shall be repaid in
accordance with the terms of this Agreement and shall be secured by all of the U.S. Facility Collateral. U.S. Borrowers shall be jointly and severally liable to pay all of the Term Loans. The Term Loans shall be funded and repaid in Dollars. For
clarification, once repaid, the Term Loans may not be reborrowed.</STRIKE> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE>2.6.2.</STRIKE><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</STRIKE><FONT
STYLE="font-family:Times New Roman"><strike><u>Term Notes</u></strike></FONT><STRIKE>. The Term Loans made by each U.S. Lender and interest accruing thereon shall be evidenced by the records of Agent and such Lender. At the request of any U.S.
Lender, the U.S. Borrowers shall execute and deliver a promissory note to such Lender, evidencing its Term Loans.</STRIKE> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE>2.6.3.</STRIKE><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</STRIKE><FONT
STYLE="font-family:Times New Roman"><strike><u>Use of Term Loan Proceeds</u></strike></FONT><STRIKE>. The proceeds of the Term Loans shall be used by U.S. Borrowers solely (a)</STRIKE><STRIKE></STRIKE><STRIKE>&nbsp;to pay Obligations in accordance
with this Agreement; and (b)</STRIKE><STRIKE></STRIKE><STRIKE>&nbsp;for working capital and other lawful corporate purposes of U.S. Borrowers.</STRIKE> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>2.6.4.</STRIKE></FONT></B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><strike><u>Termination of Term Loan Commitments</u></strike></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>. The Term Loan Commitments shall terminate on the Term Loan Commitment Termination Date
unless</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;sooner terminated in accordance with this Agreement. Any
unused Term Loan Commitment shall terminate on the date of the making of the Term Loans. Upon at least 10 days</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&#146;</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE> prior written notice to Agent from the Borrower Agent, U.S. Borrowers may, at their option, terminate the Term Loan Commitments without premium or penalty. Any notice of termination given
by Borrowers pursuant to this Section</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;2.6.4 shall be irrevocable
but may be conditioned on a refinancing or another material event.</STRIKE></FONT></B> </FONT></P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>SECTION&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;INTEREST, FEES AND CHARGES
</B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>3.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Interest</U>.</B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">3.1.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Rates and Payment of Interest</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Obligations shall bear interest (i)&nbsp;if a U.S. Base Rate Revolver
Loan, at the U.S. Base Rate in effect from time to time, <U>plus</U> the Applicable Margin, (ii)&nbsp;if a <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR</U></B> Revolver Loan, at <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR</U></B> for the applicable Interest Period, <U>plus</U> the Applicable Margin; (iii)&nbsp;if a Canadian Prime Rate Loan, at the Canadian Prime Rate
in effect from time to time, <U>plus</U> the Applicable Margin, (iv)&nbsp;if a Canadian Base Rate Loan, at the Canadian Base Rate in effect from time to time, <U>plus</U> the Applicable Margin, (v)&nbsp;if a Canadian BA Rate Loan, at the Canadian BA
Rate for the applicable Interest Period, <U>plus</U> the Applicable Margin, (vi)&nbsp;if a U.K.<B><U>/Dutch</U></B> Base Rate Loan, at the Foreign Base Rate in effect from time to time, <U>plus</U> the Applicable Margin, (vii)&nbsp;if a German Base
Rate Loan, at the Foreign Base Rate in effect from time to time, <U>plus</U> the Applicable Margin, (viii)&nbsp;if a <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>Base Rate Term</STRIKE></FONT></B><B><U>SONIA</U></B> Loan, at
the <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>U.S. Base</STRIKE></FONT></B><B><U>SONIA</U></B> Rate in effect from time to time, <U>plus</U> the Applicable Margin, (ix)&nbsp;if a <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR Term</STRIKE></FONT></B><B><U>SARON</U></B> Loan, at <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>the SARON Rate in effect from
time to time, plus the Applicable Margin, (x)</U></B><B><U></U></B><B><U>&nbsp;if a EURIBOR Loan, at the EURIBOR Rate</U></B> for the applicable Interest Period, <U>plus</U> the Applicable Margin, (<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>x</STRIKE></FONT></B><B><U>xi</U></B>)&nbsp;if any other U.S. Facility Obligation (including, to the extent permitted by law, interest not paid when due), at the U.S. Base Rate in effect
from time to time, <U>plus</U> the Applicable Margin for U.S. Base Rate Revolver Loans; (<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>xi</STRIKE></FONT></B><B><U>xii</U></B>) if any other Canadian Facility Obligation
(including, to the extent permitted by law, interest not paid when due), at the Canadian Prime Rate in effect from time to time, <U>plus</U> the Applicable Margin for Canadian Prime Rate Loans; (<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>xii</STRIKE></FONT></B><B><U>xiii</U></B>) if any other U.K.<B><U>/Dutch</U></B> Facility Obligation (including, to the extent permitted by law, interest not paid when due), at the Foreign
Base Rate in effect from time to time, <U>plus</U> the Applicable Margin for U.K.<B><U>/Dutch</U></B> Base Rate Loans; and (<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>xiii</STRIKE></FONT></B><B><U>xiv</U></B>) if any other
German Facility Obligation (including, to the extent permitted by law, interest not paid when due), at the Foreign Base Rate in effect from time to time, <U>plus</U> the Applicable Margin for German Base Rate Loans. Interest shall accrue from the
date the Loan is advanced or the Obligation is incurred or payable, until paid by the applicable Borrower(s). If a Loan is repaid on the same day made, one day&#146;s interest shall accrue. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest on the Revolver Loans shall be payable in the currency
(<I>i.e.</I>, Dollars, Canadian Dollars, British Pounds, Swiss Francs or Euros, as the case may be) of the underlying Revolver Loan (which shall be Dollars only in the case of any U.K.<B><U>/Dutch</U></B> Base Rate Loan or German Base Rate Loan).
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During an Insolvency Proceeding with respect to any Obligor (other
than any Insolvency Proceedings against a German Domiciled Obligor initiated by any <FONT STYLE="white-space:nowrap">winding-up</FONT> petition that is frivolous or vexatious and is discharged, stayed or dismissed within 14 days of commencement), or
during any other Event of Default if Agent or Required Lenders in their discretion so elect, Obligations shall bear interest at the Default Rate (whether before or after any judgment). Each Obligor acknowledges that the cost and expense to Agent and
Lenders due to an Event of Default are difficult to ascertain and that the Default Rate is a fair and reasonable estimate to compensate Agent and Lenders for this. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest accrued on the Loans shall be due and payable
(i)&nbsp;on the last day of the relevant Interest Period with respect to Interest Period Loans (or in the case of an Interest Period Loan with an Interest Period of more than 90 days&#146; duration, on each quarterly anniversary of the first day of
such Interest Period) or, in arrears on the first day of each month with respect to Base Rate Loans, <B><U>SONIA Loans and SARON Loans, </U></B>and (ii)&nbsp;on any date of prepayment, with respect to the principal amount of Loans being prepaid. In
addition, interest accrued on the Canadian Revolver Loans shall be due and payable in </P>
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arrears on the Canadian Revolver Commitment Termination Date, interest accrued on the U.S. Revolver Loans shall be due and payable in arrears on the U.S. Revolver Commitment Termination Date,
interest accrued on the U.K.<B><U>/Dutch</U></B> Revolver Loans shall be due and payable in arrears on the U.K.<B><U>/Dutch</U></B> Revolver Commitment Termination Date, and interest accrued on the German Revolver Loans shall be due and payable in
arrears on the German Revolver Commitment Termination Date. Interest accrued on any other Obligations shall be due and payable as provided in the Loan Documents and, if no payment date is specified, shall be due and payable <B>on demand</B>.
Notwithstanding the foregoing, interest accrued at the Default Rate shall be due and payable <B>on demand</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">3.1.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Application of </U><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><strike><u>LIBOR</u></strike></FONT></B><B><U>Term SOFR</U></B><U> to Outstanding Loans</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Borrowers may on any Business Day, subject to delivery of a Notice of
Conversion/Continuation, elect to convert any portion of the U.S. Base Rate Loans, the Canadian Base Rate Loans, the U.K.<B><U>/Dutch</U></B> Base Rate Loans, or the German Base Rate Loans, as applicable, to, or to continue any <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR</U></B> Loan at the end of its Interest Period as, a
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR</U></B> Loan<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>;</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;
</STRIKE></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><strike><u>provided</u></strike></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;that, in the case of U.K. Base Rate Loans and German Base Rate Loans only, portions of such Loans may be converted to a LIBOR Loan denominated in Dollars only</STRIKE></FONT></B>.
During any <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>Default or</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt">Event of Default, Agent may (and shall at the direction of Required Lenders) declare that no<B><U>
such</U></B> Loan may be made, converted or continued as a <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR</U></B> Loan. </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Whenever Borrowers desire to convert or continue Loans as <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR</U></B> Loans, Borrower Agent shall give Agent a Notice of Conversion/Continuation, no later than 11:00 a.m. at least three Business Days (and at
least four Business Days in the case of a U.K.<B><U>/Dutch</U></B> Revolver Loan or a German Revolver Loan) before the requested conversion or continuation date. Promptly after receiving any such notice, Agent shall notify each Applicable Lender<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;(or Lenders with outstanding Term Loans if related to the Term Loans)</STRIKE></FONT></B>
thereof. Each Notice of Conversion/Continuation shall be irrevocable, and shall specify the amount of Loans to be converted or continued, the conversion or continuation date (which shall be a Business Day), and the duration of the Interest Period
(which shall be deemed to be 30 days if not specified). If, upon the expiration of any Interest Period in respect of any <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR</U></B> Loans,
Borrower Agent shall have failed to deliver a Notice of Conversion/Continuation, Borrowers shall be deemed to have elected to convert such Loans into U.S. Base Rate Loans (if owing by
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>the</STRIKE></FONT></B><B><U>a</U></B> U.S. <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>Borrowers</STRIKE></FONT></B><B><U>Borrower</U></B>), Canadian Base
Rate Loans (if owing by the Canadian Borrower), a U.K.<B><U>/Dutch Base Rate Loan (if owing by a U.K./Dutch Borrower) or a German</U></B> Base Rate Loan (if owing by the
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>U.K.</STRIKE></FONT></B><B><U>German</U></B> Borrower)<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;if that</STRIKE></FONT></B><B><U>. Agent does not warrant or accept responsibility for, nor shall it have any liability with respect to,</U></B><B><FONT
STYLE="font-family:Times New Roman"><U> administration, submission or any other matter related to </U></FONT></B><B><U>any reference rate referred to herein or with respect to any rate (including, for the avoidance of doubt, the selection of such
rate and any related spread or other adjustment) that is an alternate, replacement or successor to such rate (including any Successor Rate), or any component thereof, or the effect of any of the foregoing, or of any Conforming Changes. The Agent and
its affiliates or other related entities may engage in transactions or other activities that affect any reference rate referred to herein, or any alternative, successor or replacement rate (including, without limitation, any Successor Rate) (or any
component of any of the foregoing) or any related spread or other adjustments thereto, in each case, in a manner adverse to the Borrowers. Agent may select information source(s) in its discretion to ascertain any reference rate referred to herein or
any alternative, successor or replacement rate (including any Successor Rate), or any component thereof, in each case pursuant to the terms hereof, and shall have no liability to any Lender, Obligor or other Person for damages of any kind, including
direct or indirect, special, punitive, incidental or consequential damages, costs, losses or expenses (whether in tort, contract or otherwise, and whether at law or in equity) for any error or other act or omission related to or affecting the
selection, </U></B> </P>
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<B><U>determination or calculation of any rate (or component thereof) provided by such information source(s).</U></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>(c)</U></B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>On the Sixth Amendment Effective Date, each</U></B>
LIBOR Loan <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>was denominated in Dollars, or (as the case may be) a LIBOR Loan (</STRIKE></FONT></B><B><U>(as defined in this Agreement (prior to giving effect to the Sixth
Amendment)) outstanding as of the Sixth Amendment Effective Date (if any) shall be permitted to remain outstanding at </U></B>the
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>initial</STRIKE></FONT></B><B><U>applicable</U></B> Interest Period <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>of which shall be 30 days commencing on the
date of expiration of</STRIKE></FONT></B><B><U>(as defined in this Agreement (prior to giving effect to the Sixth Amendment),</U></B> the<B><U> </U></B><B><U>&#147;</U></B><B><U>Existing</U></B> Interest Period<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;applicable to that LIBOR Loan) if that</STRIKE></FONT></B><B><U>&#148;</U></B><B><U>) for
such</U></B> LIBOR Loan <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>was denominated in British Pounds, Swiss Francs or Euros, or</STRIKE></FONT></B><B><U>and, at the end of such Existing Interest Period, shall be
automatically converted into</U></B> a <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>German</STRIKE></FONT></B><B><U>U.S.</U></B> Base Rate Loan <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>(if owing by
the German Borrower) if that LIBOR</STRIKE></FONT></B><B><U>or, as elected by Borrowers, a Term SOFR</U></B> Loan<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;was denominated</STRIKE></FONT></B><B><U>,</U></B> in <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>Dollars, or (as the</STRIKE></FONT></B><B><U>each</U></B>
case<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;may be) a LIBOR Loan (the initial Interest Period of
which</STRIKE></FONT></B><B><U>, in accordance with this Agreement. The terms in this Agreement (prior to giving effect to the Sixth Amendment) applicable to LIBOR Loans</U></B> shall<B><U> continue to</U></B> be <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>30 days commencing on the date of expiration</STRIKE></FONT></B><B><U>applicable to any LIBOR Loan that continues after the Sixth Amendment Effective Date through the end</U></B> of
the<B><U> applicable Existing</U></B> Interest Period <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>applicable to that</STRIKE></FONT></B><B><U>for such</U></B> LIBOR Loan<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>) if that LIBOR Loan was denominated in British Pounds, Swiss Francs or Euros</STRIKE></FONT></B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">3.1.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Application of Canadian BA Rate to Outstanding Loans</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canadian Borrower may on any Business Day, subject to delivery of a Notice
of Conversion/Continuation and the other terms hereof, elect to convert any portion of the Canadian Prime Rate Loans, or to continue any Canadian BA Rate Loan at the end of its Interest Period as, a Canadian BA Rate Loan. During any Default or Event
of Default, Agent may (and shall at the direction of Required Lenders) declare that no Loan may be made, converted or continued as a Canadian BA Rate Loan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Whenever Canadian Borrower desires to convert or continue Loans as
Canadian BA Rate Loans, Borrower Agent shall give Agent a Notice of Conversion/Continuation, no later than 11:00 a.m. at least three Business Days before the requested conversion or continuation date. Promptly after receiving any such notice, Agent
shall notify each Canadian Lender thereof. Each Notice of Conversion/Continuation shall be irrevocable, and shall specify the amount of Loans to be converted or continued, the conversion or continuation date (which shall be a Business Day), and the
duration of the Interest Period (which shall be deemed to be one month if not specified). If, upon the expiration of any Interest Period in respect of any Canadian BA Rate Loans, Borrower Agent shall have failed to deliver a Notice of
Conversion/Continuation with respect thereto as required above, Canadian Borrower shall be deemed to have elected to convert such Loans into Canadian Prime Rate Loans. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>3.1.4.</U></B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Application of EURIBOR Rate to Outstanding Loans.
Whenever a U.K./Dutch Borrower or the German Borrower desires to convert or continue Loans as EURIBOR Loans, Borrower Agent shall give Agent a Notice of Conversion/Continuation, no later than 11:00 a.m. at least four Business Days before the
requested conversion or continuation date. Promptly after receiving any such notice, Agent shall notify each Applicable Lender thereof. Each Notice of Conversion/Continuation shall be irrevocable, and shall specify the amount of Loans to be
converted or continued, the conversion or continuation date (which shall be a Business Day), and the duration of the Interest Period (which shall be deemed to be one month if not specified). If, upon the expiration of any Interest Period in respect
of any EURIBOR Loans, Borrower Agent shall have failed to deliver a Notice of Conversion/Continuation with respect thereto as required above, such Loans shall be continued as EURIBOR Loans with an Interest Period of one month.</U></B> </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>3.1.5.</U></B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>3.1.4.</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><U>&nbsp;Interest Periods</U>. <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>(a)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;
</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt">In connection with the making, conversion or continuation of any <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term
SOFR Loans, EURIBOR</U></B> Loans or Canadian BA Rate Loans, Borrower Agent shall select an interest period (&#147;<U>Interest Period</U>&#148;) to apply, which interest period shall be 30<B><U> days</U></B>, (other than with respect to <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR</U></B> Loans<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;in Dollars</STRIKE></FONT></B>) 60<B><U> days</U></B>, 90<B><U> days,</U></B> or (other than with respect to Canadian BA Rate Loans) 180 days<B><U>, and in the case of EURIBOR
Loans,</U></B><B><FONT STYLE="font-family:Times New Roman"><U> such other period that is twelve months or less requested by the Borrower Agent and consented to by all the applicable Lenders</U></FONT></B>; <U>provided</U>, <U>however</U>, that:
</FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Interest Period shall commence on the date the Loan is
made or continued as, or converted into, a <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR Loan, EURIBOR</U></B> Loan or Canadian BA Rate Loan, and shall expire on the numerically
corresponding day in the calendar month at its end; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if any Interest
Period commences on a day for which there is no corresponding day in the calendar month at its end or if such corresponding day falls after the last Business Day of such month, then the Interest Period shall expire on the last Business Day of such
month; and if any Interest Period would expire on a day that is not a Business Day, the period shall expire on the next Business Day; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;no Interest Period shall extend beyond: (i)&nbsp;the U.S. Revolver
Commitment Termination Date in the case of any Revolving Loan owing by the U.S. Borrowers, (ii)&nbsp;the Canadian Revolver Commitment Termination Date in the case of any Loan owing by the Canadian Borrower, (iii)&nbsp;the U.K.<B><U>/Dutch</U></B>
Revolver Commitment Termination Date in the case of any Loan owing by the
U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B>,<B><U> and</U></B>
(iv)&nbsp;the German Revolver Commitment Termination Date in the case of any Loan owing by the German Borrower<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>, and (v)</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;the Term Loan Maturity Date in the case of any Term Loan owing by the U.S. Borrowers. No
Interest Period for a LIBOR Term Loan may be established that would require repayment before the end of an Interest Period in order to make any scheduled principal payment on Term Loans; and</STRIKE></FONT></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE>(b)</STRIKE></B><B><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</STRIKE></B><B><STRIKE>Notwithstanding
anything to the contrary in the foregoing, as to each Alternative Currency Term Rate Loan, </STRIKE></B><B><STRIKE>&#147;</STRIKE></B><B><STRIKE>Interest Period</STRIKE></B><B><STRIKE>&#148;</STRIKE></B><B><STRIKE> shall mean the period
commencing</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;on the date such Alternative Currency Term Rate Loan is disbursed or converted to or continued as an Alternative Currency Term Rate Loan and ending on the date one, three or six months
thereafter (in each case, subject to availability for the interest rate applicable to the relevant currency), as selected by the Borrower Agent in its Notice of Borrowing, or</STRIKE></B><B><STRIKE></STRIKE></B><B><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>&nbsp;</STRIKE></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>such other period that is twelve months or less requested by the Borrower Agent and consented to by
all the applicable
Lenders</STRIKE></FONT></B><B><STRIKE>;</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;</STRIKE></B><B><FONT STYLE="font-family:Times New Roman"><strike><u>provided</u></strike></FONT></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;
that:</STRIKE></B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>(i)</STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>any Interest Period that would otherwise end on a
day that is not a Business Day shall be extended to the next succeeding Business Day unless, in the case of an Alternative Currency Term Rate Loan, such Business Day falls in another calendar month, in which case such Interest Period shall end on
the next preceding Business Day;</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"> </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>(ii)</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>any Interest Period pertaining to an Alternative Currency Term Rate Loan that begins on the last Business Day of a calendar month (or on a day for which there is no numerically
corresponding day in the calendar month at the</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt">
</FONT></P>
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<FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest Period;
and</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"> </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>(iii)</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>no Interest Period shall extend beyond the applicable maturity date set forth in this Agreement.</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>3.1.5.</STRIKE></FONT></B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><strike><u>Interest Rate Not Ascertainable</u></strike></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>. If Agent shall determine that, on any date for determining LIBOR or the Canadian BA Rate, due to any circumstance affecting the London interbank market or the Canadian interbank
bankers</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&#146;</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE> acceptances market, respectively, adequate and fair means
do not exist for ascertaining such rate on the basis provided herein, then Agent shall immediately notify the Borrower Agent of such determination. Until Agent notifies the Borrower Agent that such circumstance no longer exists, the obligation of
the Lenders to make LIBOR Loans or Canadian BA Rate Loans</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman"><STRIKE>,</STRIKE></FONT><FONT STYLE="font-family:Times New Roman"><STRIKE> as applicable, shall be
suspended,</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;and no further Loans may be converted into or continued
as LIBOR Loans or Canadian BA Rate Loans, as applicable</STRIKE></FONT></B>. </FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>3.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Fees</U>.</B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">3.2.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Unused Line Fee</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Borrowers shall<B><U>, jointly and severally,</U></B> pay to Agent,
for the Pro Rata benefit of U.S. Lenders, a fee equal to the U.S. Unused Line Fee Rate times the amount by which the average daily U.S. Revolver Commitments exceed the average daily balance of U.S. Revolver Loans and stated amount of U.S. Letters of
Credit, in each case, during any month. Such fee shall be payable in arrears, on the first day of each month and on the U.S. Revolver Commitment Termination Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canadian Borrower shall pay to Agent, for the Pro Rata benefit of Canadian
Lenders, a fee equal to the Canadian Unused Line Fee Rate times the amount by which the average daily Canadian Revolver Commitments exceed the average daily balance of Canadian Revolver Loans and stated amount of Canadian Letters of Credit, in each
case, during any month. Such fee shall be payable in arrears, on the first day of each month and on the Canadian Revolver Commitment Termination Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B> shall<B><U>, jointly
and severally,</U></B> pay to Agent, for the Pro Rata benefit of U.K.<B><U>/Dutch</U></B> Lenders, a fee equal to the U.K.<B><U>/Dutch</U></B> Unused Line Fee Rate times the amount by which the average daily U.K.<B><U>/Dutch</U></B> Revolver
Commitments exceed the average daily balance of U.K.<B><U>/Dutch</U></B> Revolver Loans and stated amount of U.K.<B><U>/Dutch</U></B> Letters of Credit, in each case, during any month. Such fee shall be payable in arrears, on the first day of each
month and on the U.K.<B><U>/Dutch</U></B> Revolver Commitment Termination Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The German Borrower shall pay to Agent, for the Pro Rata benefit of German
Lenders, a fee equal to the German Unused Line Fee Rate times the amount by which the average daily German Revolver Commitments exceed the average daily balance of German Revolver Loans and stated amount of German Letters of Credit, in each case,
during any month. Such fee shall be payable in arrears, on the first day of each month and on the German Revolver Commitment Termination Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">3.2.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>U.S. LC Facility Fees</U>. The U.S. Borrowers shall pay (a)&nbsp;to
Agent, for the Pro Rata benefit of the U.S. Lenders, a fee equal to the per annum rate of the Applicable Margin in effect for <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR</U></B>
Revolver Loans times the average daily stated amount of U.S. Letters of Credit, which fee shall be payable monthly in arrears, on the first day of each month; (b)&nbsp;to Agent, for its own </P>
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account, a fronting fee equal to 0.125% per annum on the stated amount of each U.S. Letter of Credit, which fee shall be payable monthly in arrears, on the first day of each month; and
(c)&nbsp;to the U.S. Issuing Bank, for its own account, all customary charges associated with the issuance, amending, negotiating, payment, processing, transfer and administration of U.S. Letters of Credit, which charges shall be paid as and when
incurred. At the election of Agent or the U.S. Required Lenders, during an Event of Default, the fee payable under clause (a)&nbsp;shall be increased by 2% per annum. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">3.2.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Canadian LC Facility Fees</U>. The Canadian Borrower shall pay
(a)&nbsp;to Agent, for the Pro Rata benefit of the Canadian Lenders, a fee equal to the per annum rate of the Applicable Margin in effect for Canadian BA Rate Loans times the average daily stated amount of Canadian Letters of Credit, which fee shall
be payable monthly in arrears, on the first day of each month; (b)&nbsp;to Agent, for its own account, a fronting fee equal to 0.125% per annum on the stated amount of each Canadian Letter of Credit, which fee shall be payable monthly in arrears, on
the first day of each month; and (c)&nbsp;to the Canadian Issuing Bank, for its own account, all customary charges associated with the issuance, amending, negotiating, payment, processing, transfer and administration of Canadian Letters of Credit,
which charges shall be paid as and when incurred. At the election of Agent or the Canadian Required Lenders, during an Event of Default, the fee payable under clause (a)&nbsp;shall be increased by 2% per annum. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">3.2.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>U.K. LC Facility Fees</U>. The U.K.<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B> shall pay (a)&nbsp;to Agent, for
the Pro Rata benefit of the U.K.<B><U>/Dutch</U></B> Lenders, a fee equal to the per annum rate of the Applicable Margin in effect for <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term
SOFR</U></B> Revolver Loans times the average daily stated amount of U.K.<B><U>/Dutch</U></B> Letters of Credit, which fee shall be payable monthly in arrears, on the first day of each month; (b)&nbsp;to Agent, for its own account, a fronting fee
equal to 0.125% per annum on the stated amount of each U.K.<B><U>/Dutch</U></B> Letter of Credit, which fee shall be payable monthly in arrears, on the first day of each month; and (c)&nbsp;to the U.K.<B><U>/Dutch</U></B> Issuing Bank, for its own
account, all customary charges associated with the issuance, amending, negotiating, payment, processing, transfer and administration of U.K.<B><U>/Dutch</U></B> Letters of Credit, which charges shall be paid as and when incurred. At the election of
Agent or the U.K.<B><U>/Dutch</U></B> Required Lenders, during an Event of Default, the fee payable under clause (a)&nbsp;shall be increased by 2% per annum. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">3.2.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>German LC Facility Fees</U>. The German Borrower shall pay
(a)&nbsp;to Agent, for the Pro Rata benefit of the German Lenders, a fee equal to the per annum rate of the Applicable Margin in effect for <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term
SOFR</U></B> Revolver Loans times the average daily stated amount of German Letters of Credit, which fee shall be payable monthly in arrears, on the first day of each month; (b)&nbsp;to Agent, for its own account, a fronting fee equal to 0.125% per
annum on the stated amount of each German Letter of Credit, which fee shall be payable monthly in arrears, on the first day of each month; and (c)&nbsp;to the German Issuing Bank, for its own account, all customary charges associated with the
issuance, amending, negotiating, payment, processing, transfer and administration of German Letters of Credit, which charges shall be paid as and when incurred. At the election of Agent or the German Required Lenders, during an Event of Default, the
fee payable under clause (a)&nbsp;shall be increased by 2% per annum. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">3.2.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><strike><u>U.S. Term Loan Fees</u></strike></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>. U.S. Borrowers shall pay to Agent, for the Pro Rata benefit of
U.S. Lenders with Term Loan Commitments, a fee equal to the Term Loan Unused Commitment Fee Rate times the Term Loan Commitments during each month from the Second Amendment Effective Date to the earlier of (a)</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;date of the making of the Term Loans or (b)</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Term Loan Commitment Termination Date. Such fee shall be payable in arrears, on the first day
of each month and on the earlier of (x)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;date of the making of the
Term Loans or (y)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;the Term Loan Commitment Termination
Date</STRIKE></FONT></B><B><U>[Reserved]</U></B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">3.2.7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Other
Fees</U>. Borrowers shall pay such other fees as described in the Fee Letters. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>3.3</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Computation
of Interest, Fees, Yield Protection</U></B><B>.</B> All interest, as well as fees and other charges calculated on a per annum basis, shall be computed for the actual days elapsed, based on a year of 360 days, or, in the case of (a)&nbsp;interest
based on the <B><U>U.S. Base Rate, </U></B>Canadian Prime Rate or Canadian BA Rate <B><U>on the basis of a 365 day year </U></B>or (b)&nbsp;a Revolver Loan made in British Pounds, on the basis of a 365<B><U> or 366</U></B> day year, as the case may
be. Each determination by Agent of any interest, fees or interest rate hereunder shall be final, conclusive and binding for all purposes, absent manifest error. All fees shall be fully earned when due and shall not be subject to rebate, refund or
proration. All fees payable under <B>Section</B><B></B><B>&nbsp;3.2</B> are compensation for services and are not, and shall not be deemed to be, interest or any other charge for the use, forbearance or detention of money. A certificate as to
amounts payable by any Borrower under <B>Section</B><B></B><B>&nbsp;3.4, 3.5, 3.7,</B> <B>3.9 </B>or<B> 5.9</B>, submitted to the Borrower Agent by Agent or the affected Lender or Issuing Bank, as applicable, shall be final, conclusive and binding
for all purposes, absent manifest error, and the Borrowers shall pay such amounts to the appropriate party within 10 days following receipt of the certificate. For the purposes of the <I>Interest Act</I> (Canada), the yearly rate of interest to
which any rate calculated on the basis of a period of time different from the actual number of days in the year (360 days, for example) is equivalent is the stated rate multiplied by the actual number of days in the year (365 or 366, as applicable)
and divided by the number of days in the shorter period (360 days, in the example), and the parties hereto acknowledge that there is a material distinction between the nominal and effective rates of interest and that they are capable of making the
calculations necessary to compare such rates and that the calculations herein are to be made using the nominal rate method and not on any basis that gives effect to the principle of deemed reinvestment of interest. Each Canadian Domiciled Obligor
confirms that it fully understands and is able to calculate the rate of interest applicable to Loans and other Obligations based on the methodology for calculating per annum rates provided for in this Agreement and each Canadian Domiciled Obligor
hereby irrevocably agrees not to plead or assert, whether by way of defense or otherwise, in any proceeding relating to this Agreement or to any other Loan Documents, that the interest payable under this Agreement and the calculation thereof has not
been adequately disclosed to the Canadian Domiciled Obligors as required pursuant to Section&nbsp;4 of the Interest Act (Canada). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>3.4</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Reimbursement Obligations</U></B><B>.</B> Borrowers within
each Borrower Group shall reimburse Agent and each Lender for all Extraordinary Expenses incurred by Agent or such Lender in reference to such Borrower Group or its related Obligations or Collateral. In addition to such Extraordinary Expenses, such
Borrowers shall also reimburse Agent for all legal, accounting, appraisal, consulting, and other fees, costs and expenses incurred by it in connection with (a)&nbsp;negotiation and preparation of any Loan Documents, including any amendment or other
modification thereof; (b)&nbsp;administration of and actions relating to any Collateral for its Obligations, Loan Documents and transactions contemplated thereby, including any actions taken to perfect or maintain priority of Agent&#146;s Liens on
any such Collateral, to maintain any insurance required hereunder or to verify such Collateral; and (c)&nbsp;subject to any limits of <B>Section</B><B></B><B>&nbsp;10.1.1(b)</B>, each inspection, audit or appraisal with respect to any Obligor within
such Borrowers&#146; related Obligor Group or Collateral securing such Obligor Group&#146;s Obligations, whether prepared by Agent&#146;s personnel or a third party. All legal, accounting and consulting fees shall be charged to Borrowers by
Agent&#146;s professionals at their full hourly rates, regardless of any reduced or alternative fee billing arrangements that Agent, any Lender or any of their Affiliates may have with such professionals with respect to this or any other
transaction. If, for any reason (including inaccurate reporting on financial statements, a Borrowing Base Certificate, or a Compliance Certificate), it is determined that a higher Applicable Margin, U.S. Unused Line Fee Rate, Canadian Unused Line
Fee Rate, U.K.<B><U>/Dutch</U></B> Unused Line Fee Rate, or German Unused Line Fee Rate should have applied to a period than was actually applied, then the proper margin shall be applied retroactively and the applicable Borrowers shall immediately
pay to Agent, for the Pro Rata benefit of Applicable Lenders<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;(or Lenders with
outstanding Term Loans in the case of interest related to the Term Loans)</STRIKE></FONT></B>, an amount equal to the difference between the amount of interest and fees that would have accrued using the proper margin and the amount actually paid.
All amounts payable by Borrowers under this Section shall be due <B>on demand</B>. </P>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>3.5</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Illegality</U></B><B>.</B> If any Lender determines that any
Applicable Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for any Lender or its applicable Lending Office to <B><U>perform any of its obligations hereunder, to </U></B>make, maintain<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;or</STRIKE></FONT></B><B><U>,</U></B> fund <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>or commit to, participate in, or charge applicable interest or fees with respect to any Term SOFR</U></B> Loans or Canadian BA Rate Loans, or to determine or
charge interest <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>rates</STRIKE></FONT></B><B><U>or fees</U></B> based <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>upon LIBOR</STRIKE></FONT></B><B><U>on
SOFR, Term SOFR</U></B> or the Canadian BA Rate, or any Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits of, the applicable Available Currency in the London interbank
market, or Canadian Dollars through bankers&#146; acceptances, then, on notice thereof by such Lender to Agent, <B><U>(a)</U></B><B><U></U></B><B><U>&nbsp;</U></B>any obligation of such Lender to <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>make</STRIKE></FONT></B><B><U>perform such obligations, to make maintain, fund, commit to, participate in</U></B> or continue
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR</U></B> Loans or Canadian BA Rate Loans, as applicable, or to convert U.S. Base Rate Loans or Canadian Base Rate Loans to <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR</U></B> Loans, or Canadian Prime Rate Loans to Canadian BA Rate Loans, or U.K.<B><U>/Dutch</U></B> Base Rate Loans or German Base Rate Loans to <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR</U></B> Loans, as applicable, shall be suspended<B><U>, (b)</U></B><B><U></U></B><B><U>&nbsp;if such notice asserts the illegality of such Lender to
make or maintain U.S. Base Rate Loans, Canadian Base Rate Loans or Canadian Prime Rate Loans whose interest rate is determined by reference to Term SOFR or the Canadian BA Rate, as applicable, the interest rate applicable to such
Lender</U></B><B><U>&#146;</U></B><B><U>s U.S. Base Rate Loans, Canadian Base Rate Loans or Canadian Prime Rate Loans shall, as necessary to avoid such illegality, be determined by Agent without reference to the Term SOFR component of U.S. Base Rate
or Canadian Base Rate, or the Canadian BA Rate component of the Canadian Prime Rate, as applicable, in each case of clauses (a)</U></B><B><U></U></B><B><U>&nbsp;and (b),</U></B> until such Lender notifies Agent that the circumstances giving rise to
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>such</STRIKE></FONT></B><B><U>Lender</U></B><B><U>&#146;</U></B><B><U>s</U></B> determination no longer exist. Upon delivery of such notice, the applicable Borrower(s) with respect
to such Loans shall prepay or, if applicable, convert all <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR</U></B> Loans of such Lender to U.S. Base Rate Loans, Canadian Base Rate Loans,
U.K.<B><U>/Dutch</U></B> Base Rate Loans or German Base Rate Loans (which alternative to prepayment aforesaid shall only be applicable in relation to any
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR</U></B> Loans of such Lenders to
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>the</STRIKE></FONT></B><B><U>a</U></B> U.K.<B><U>/Dutch</U></B> Borrower or
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>a</STRIKE></FONT></B><B><U>the</U></B> German Borrower, in each case, in the case of any such
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR</U></B> Loans denominated in Dollars), or all Canadian BA Rate Loans to Canadian Prime Rate Loans, as applicable, either on the last day of
the Interest Period therefor, if such Lender may lawfully continue to maintain such <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR</U></B> Loans or Canadian BA Rate Loans <B><U>and
charge applicable interest </U></B>to such day, or immediately, if such Lender may not lawfully continue to maintain such <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR</U></B> Loans or
Canadian BA Rate Loans. Upon any such prepayment or conversion, the applicable Borrower(s) with respect to such Loans shall also pay accrued interest on the amount so prepaid or converted. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>3.6</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Inability to Determine Rates</U></B><B>.</B> (a)&nbsp;If<B><U>
in connection with any request for a Term SOFR Loan, a Canadian BA Rate Loan, a SONIA Loan, a SARON Loan or a EURIBOR Loan, or a</U></B><B><FONT STYLE="font-family:Times New Roman"><U> conversion to or continuation </U><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT><U></U><U>thereof, as applicable (i) Agent determines (which determination shall be conclusive absent manifest error) that (A)&nbsp;no Successor Rate for the Relevant Rate
for the applicable Agreed Currency has been determined in accordance with Section&nbsp;3.6(b</U></FONT></B><FONT STYLE="font-family:Times New Roman"><B><FONT STYLE="font-family:Times New Roman"><U>) and the circumstances under clause
(</U></FONT></B><B><U>i)</U></B><B><U></U></B><B><U>&nbsp;of Section</U></B><B><U></U></B><B><U>&nbsp;3.6(b) or the Scheduled Unavailability Date has occurred with respect to such Relevant Rate (as applicable), or (B</U></B><B><FONT
STYLE="font-family:Times New Roman"><U>)&nbsp;adequate and reasonable means do not </U></FONT></B><B><U>otherwise exist for determining the Relevant Rate for the Applicable Currency for any determination date(s) or requested Interest Period with
respect to a proposed Term SOFR Loan, Canadian BA Rate Loan, SONIA Loan, SARON Loan or EURIBOR Loan, or in connection with an existing or proposed U.S. Base Rate Loan, Canadian Base Rate Loan, or Canadian Prime Rate Loan, as applicable, or
(ii)</U></B><B><U></U></B><B><U>&nbsp;Agent or</U></B> the U.S. Required Lenders, with respect to U.S. Revolver Loans, </FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>or the U.S. Required Term Lenders, with respect to
Term Loans, </STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt">or the Canadian Required Lenders, with respect to Canadian Revolver Loans, or the U.K.<B><U>/Dutch</U></B> Required Lenders, with respect to
U.K.<B><U>/Dutch</U></B> Revolver Loans, or the German Required Lenders, with respect to German Revolver Loans, <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>notify Agent</STRIKE></FONT></B><B><U>determine that</U></B> for any
reason <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>in connection with a request for a Borrowing of, or</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman"><STRIKE>&nbsp;conversion to or
continuation</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE> of, a</STRIKE></FONT>&nbsp;</B> </FONT></P>
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<FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>LIBOR Loan</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><U>Term SOFR, SONIA, SARON,
EURIBOR</U></B> or </FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>a</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><U>the</U></B> Canadian BA Rate </FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>Loan that
(i)</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE></STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;deposits or bankers</STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&#146;</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE> acceptances in the relevant Available Currency are not being offered to, as regards LIBOR,
banks in the London interbank eurocurrency market or, as regards Canadian BA Rate, Persons in Canada, for the applicable amount and Interest Period of such Loan, (ii</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman"><B><STRIKE>) adequate
and reasonable means do not </STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>exist for determining LIBOR or the Canadian BA Rate for the</STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><B><U>for the Applicable Currency for any determination date(s) or</U></B> requested Interest Period, </FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>or
(iii)</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE></STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;LIBOR or the Canadian BA Rate for the requested Interest
Period</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><U>as applicable, with respect to a proposed Term SOFR Loan, Canadian BA Rate Loan, SONIA Loan, SARON Loan or EURIBOR Loan,</U></B> does not adequately and fairly
reflect the cost to such Lenders of funding such Loan, then Agent will promptly so notify the Borrower Agent and each Applicable Lender</FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE></STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;(or Lenders with outstanding Term Loans if related to Term Loans)</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt">. Thereafter,
<B><U>(x)</U></B><B><U></U></B><B><U> </U></B>the obligation of the Applicable Lenders </FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>(or Lenders with Term Loan Commitments or outstanding Term Loans if related to the
Term Loans)</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE></STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE> </STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:11pt">to make or maintain </FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>the affected LIBOR Loans or</STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><B><U>Term SOFR Loans, SONIA Loans, SARON Loans, EURIBOR Loans or Canadian BA Rate Loans, or to convert U.S. Base Rate Loans or Canadian Base Rate Loans to Term SOFR Loans or to convert Canadian
Prime Rate Loans to</U></B> Canadian BA Rate Loans shall be suspended <B><U>(to the extent of the affected Term SOFR Loans, SONIA Loans, SARON Loans, EURIBOR Loans or Canadian BA Rate Loans or Interest Periods), and
(y)</U></B><B><U></U></B><B><U>&nbsp;in the event of a determination described in the preceding sentence with respect to the Term SOFR component of the U.S. Base Rate or the Canadian Base Rate, or the Canadian BA Rate component of the Canadian Prime
Rate, the utilization of such component in determining the U.S. Base Rate, Canadian Base Rate or Canadian Prime Rate</U></B></FONT><FONT STYLE="font-family:Times New Roman"><B><U>, as applicable, shall be suspended, in each case until Agent (or, in
the case of a determination by </U></B></FONT><FONT STYLE="font-family:Times New Roman"><B><U>U.S. Required Lenders, the Canadian Required Lenders, the U.K./Dutch Required Lenders or the German Required Lenders described above, </U></B>until Agent
</FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>(</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt">upon instruction by the U.S. Required</FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE></STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;Lenders, U.S. Required Term</STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:11pt"> Lenders, Canadian Required Lenders, U.K.<B><U>/Dutch</U></B> Required Lenders or German Required Lenders, as applicable) revokes such notice. Upon receipt of such notice, <B><U>(I</U></B></FONT><FONT
STYLE="font-family:Times New Roman"><B><U>) </U></B></FONT><FONT STYLE="font-family:Times New Roman">the Borrower Agent may revoke any pending request for a Borrowing of, conversion to or continuation of a </FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>LIBOR</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><U>Term SOFR Loan, SONIA Loan, SARON Loan, EURIBOR</U></B> Loan or a Canadian BA Rate Loan<B><U> (to
the extent of the affected Term SOFR Loan, SONIA Loan, SARON Loan, EURIBOR Loan or Canadian BA Rate Loan or Interest Period)</U></B> or, failing that, will be deemed to have
</FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>submitted</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><U>converted such request into</U></B> a request for a U.S. Base Rate Loan, <B><U>a
Canadian Base Rate Loan, </U></B>a Canadian Prime Rate Loan, a U.K.<B><U>/Dutch</U></B> Base Rate Loan<B><U>,</U></B> or a German Base Rate Loan </FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>(but</STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman"><B><U>denominated in Dollars</U></B></FONT><FONT STYLE="font-family:Times New Roman"> in the </FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>case of any such pending request in relation
to a LIBOR Loan for the U.K. Borrower or a German Borrower</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman"><B><U>Dollar Equivalent of the amount specified therein</U></B></FONT><FONT STYLE="font-family:Times New Roman">,</FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE></STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;if</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"> (</FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>A</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><U>II</U></B>) </FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>that LIBOR
Loan was denominated in British Pounds, Swiss Francs or Euros, the Borrower Agent shall be deemed to have revoked any such pending request for a Borrowing of, conversion to or continuation of that LIBOR Loan, and the</STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><B><U>any outstanding Term SOFR Loans shall convert to</U></B> U.</FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>K</STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><B><U>S</U></B>. </FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>Borrower or German
Borrower</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><U>Base Rate Loans or Canadian Base Rate Loans</U></B>, as applicable, </FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>shall
repay</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><U>at the end of their respective Interest Periods, (III)</U></B>&nbsp;any
</FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>such</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE></STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt">&nbsp;outstanding
 </FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>LIBOR Loan which was</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><U>Canadian BA Rate Loans shall convert to Canadian Prime Rate Loans
at</U></B> the </FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>subject</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><U>end</U></B> of </FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>a continuation request</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><U>their respective Interest Periods</U></B>, and (</FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>B</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><U>IV</U></B>) </FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>only if that
LIBOR Loan was denominated in Dollars shall the Borrower Agent be deemed to have submitted a request for</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><U>any outstanding affected SONIA Loans, SARON Loans or EURIBOR
Loans shall either (1)</U></B><B><U></U></B><B><U>&nbsp;be converted into</U></B> a U.K.<B><U>/Dutch</U></B> Base Rate Loan or<B><U> a</U></B> German Base Rate Loan</FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>, as
applicable)</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman"><B><U> denominated in Dollars in the Dollar Equivalent of the amount of such outstanding </U></B></FONT><FONT STYLE="font-family:Times New Roman"><B><U>Loan (immediately in the
case of SONIA Loans and SARON Loans and, in the case of EURIBOR Loans, at the end of the applicable Interest Period)</U></B></FONT><FONT STYLE="font-family:Times New Roman"><B><U> or (2) be prepaid in full immediately, in the case of </U></B></FONT><FONT
STYLE="font-family:Times New Roman"><B><U>a SONIA Loan or a SARON</U></B></FONT><FONT STYLE="font-family:Times New Roman"><B><U> Loan, or at the end of the applicable Interest Period, in the case of </U></B></FONT><FONT
STYLE="font-family:Times New Roman"><B><U>a EURIBOR Loan; provided that if no election </U></B> </FONT></P>
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<B><U>is made by the Borrower Agent (x)</U></B><B><U></U></B><B><U>&nbsp;in the case of a SONIA Loan or a SARON Loan, by the date that is three Business Days after receipt by the Borrower Agent
of such notice of (y)</U></B><B><U></U></B><B><U>&nbsp;in the case of a EURIBOR Loan, by the last day of the current Interest Period for the applicable EURIBOR</U></B><B><FONT STYLE="font-family:Times New Roman"><U> Loan, the Borrower Agent shall be
deemed to have elected clause (1)</U></FONT><U></U><FONT STYLE="font-family:Times New Roman"><U> above</U></FONT>.</B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything to the contrary <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>herein</STRIKE></FONT></B><FONT STYLE="font-family:Times New Roman"><B><U>in this Agreement</U></B></FONT><FONT STYLE="font-family:Times New Roman"> or<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;in</STRIKE></FONT></B> any other Loan </FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>Document, solely with respect to Loans funded in Dollars</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman"><B><U>Documents, if Agent determines (which determination shall be
conclusive absent manifest error), or the Borrower Agent or Required Lenders notify Agent (with, in the case of the Required Lenders, a copy to the Borrower Agent) that the Borrower Agent or Required Lenders (as applicable) have determined,
that</U></B></FONT><FONT STYLE="font-family:Times New Roman">: </FONT></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>On
March 5, 2021 the Financial Conduct Authority
(</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&#147;</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>FCA</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&#148;</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>), the regulatory supervisor of LIBOR</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&#146;</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>s administrator (</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&#147;</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>IBA</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&#148;
</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>), announced in a public statement the future cessation or loss of representativeness of overnight/Spot Next, 1-week, 1-month, 2-month, 3-month, 6-month and 12-
month U.S. dollar LIBOR tenor settings. On the earliest of (A)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;the
date that all Available Tenors of U.S dollar LIBOR have permanently or indefinitely ceased to be provided by IBA or have been announced by the FCA pursuant to public statement or publication of information to be no longer representative,
(B)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;June 30, 2023 and (C)</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;the
Early</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;Opt-in Effective Date in respect of a SOFR Early Opt-in, if
the then-current Benchmark is LIBOR, the Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of any setting of such Benchmark on such day and all subsequent settings without any
amendment to, or further action or consent of any other party to this Agreement or any other Loan Document. If the Benchmark Replacement is Daily Simple SOFR</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><FONT
STYLE="font-family:Times New Roman"><STRIKE>, all interest payments will be payable on a monthly basis.</STRIKE></FONT></B> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE>(ii)</STRIKE></B><B><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</STRIKE></B><B><STRIKE>(x) Upon
(A)</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;the occurrence of a Benchmark Transition Event or (B)</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;a determination by the Agent that neither of the alternatives under clause
(1)</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;of the definition of Benchmark Replacement are available, the Benchmark Replacement will replace the then-current Benchmark for all purposes hereunder and under any Loan Document in respect of
any Benchmark setting at or after 5:00 p.m. on the fifth (5th) Business Day after the date notice of such Benchmark Replacement is provided to the Applicable 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 Agent has not received, by such time, written notice of objection to such Benchmark Replacement from Lenders comprising the Required Lenders (and any such objection shall be conclusive and binding
absent manifest error).</STRIKE></B><B><STRIKE>&nbsp;</STRIKE></B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>(y) On the Early Opt-in Effective Date in respect of an Other Rate Early Opt-in, the Benchmark Replacement will replace LIBOR for all purposes</STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><B><U>adequate and reasonable means do not exist for ascertaining the Relevant Rate for a currency, including</U></B></FONT><FONT STYLE="font-family:Times New Roman"><B><U> because none of the
tenors of such Relevant Rate (including any forward-looking term rate thereof) is available or published on a current basis and such circumstances are unlikely to be temporary; or</U></B></FONT><FONT STYLE="font-family:Times New Roman"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>(ii)</U></B><FONT STYLE="font-family:Times New Roman"><B><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Applicable Authority has made a public statement identifying a specific date after which all tenors of the Relevant Rate for an </U></B></FONT><FONT STYLE="font-family:Times New Roman"><B><U>Agreed Currency (including any forward-looking term rate
thereof) shall or will no longer be made available, or permitted to be used for determining the interest rate of syndicated loans denominated in such Agreed</U></B></FONT><FONT STYLE="font-family:Times New Roman"><B><U> Currency, or shall or will
otherwise cease, provided that, in each case, at the time of such statement, there is no successor administrator</U></B></FONT><FONT STYLE="font-family:Times New Roman"> </FONT></P>
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<FONT STYLE="font-family:Times New Roman"><B><U>that is satisfactory to Agent</U></B></FONT><FONT STYLE="font-family:Times New Roman"><B><U>, that will continue to provide such representative
tenor(s) of the Relevant Rate for such Agreed Currency</U></B></FONT><FONT STYLE="font-family:Times New Roman"><B><U> after such specific date (the latest date on which all tenors of the Relevant Rate for such </U></B></FONT><FONT
STYLE="font-family:Times New Roman"><B><U>Agreed Currency (including any forward-looking term rate thereof) are no longer</U></B></FONT><FONT STYLE="font-family:Times New Roman"><B><U> available permanently or indefinitely, the &#147;Scheduled
Unavailability Date&#148;);</U></B></FONT><FONT STYLE="font-family:Times New Roman"> </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>then, in relation to
Term SOFR Loans, on a date and time determined by Agent (any such date, the </U></B><B><U>&#147;</U></B><B><U>Term SOFR Replacement Date</U></B><B><U>&#148;</U></B><B><U>), which date shall be at the end of an Interest Period or on the relevant
interest payment date, as applicable, for interest calculated and, solely with respect to clause (ii)</U></B><B><U></U></B><B><U>&nbsp;above, no later than the Scheduled Unavailability Date, Term SOFR will be replaced</U></B> hereunder and under any
Loan Document <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>in respect of any setting of such Benchmark on such day and all subsequent settings</STRIKE></FONT></B><B><U>with Daily Simple SOFR plus the SOFR Adjustment for any
payment period for interest calculated</U></B><B><FONT STYLE="font-family:Times New Roman"><U> that can be determined by </U></FONT></B><B><U>Agent, in each case,</U></B> without any amendment to, or further action or consent of any other party
to<B><U>,</U></B> this Agreement or any other Loan Document<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>. </STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE>(iii)</STRIKE></B><B><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</STRIKE></B><B><STRIKE>At any time that the
administrator of the then-current Benchmark has permanently or indefinitely ceased to provide such Benchmark or such Benchmark has been announced by the regulatory supervisor for the administrator of such Benchmark pursuant to public statement or
publication of information to be no longer representative of the underlying</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;market and economic reality that such Benchmark is intended to measure and that representativeness will not be restored,
the Borrowers may revoke any request for a borrowing of, conversion to or continuation of Loans to be made, converted or continued that would bear interest by reference to such Benchmark until the Borrower
Agent</STRIKE></B><B><STRIKE>&#146;</STRIKE></B><B><STRIKE>s receipt of notice from the Agent that a Benchmark Replacement has replaced such Benchmark, and, failing that, the Borrowers will be deemed to have converted any such request into a request
for a borrowing of or conversion to Base Rate Loans. During the period referenced in the foregoing sentence, the component of U.S. Base Rate based upon the Benchmark will not be used in any determination of U.S. Base Rate.</STRIKE></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>(iv)</STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE></STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>In connection with the implementation and administration of a Benchmark Replacement, the</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><U> (the
</U></B><B><U>&#147;</U></B><B><U>Term SOFR Successor Rate</U></B><B><U>&#148;</U></B><B><U>). </U></B> </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>If
the Term SOFR Successor Rate is Daily Simple SOFR plus the SOFR Adjustment</U></B><FONT STYLE="font-family:Times New Roman"><B><U>, all interest payments will be payable on a monthly basis.</U></B></FONT><FONT STYLE="font-family:Times New Roman">
</FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>Notwithstanding anything to the contrary herein, (i)</U></B><B><U></U></B><B><U> if Agent determines that
Daily Simple SOFR is not available on or prior to the Term SOFR Replacement Date, or (ii)</U></B><B><U></U></B><B><U> if </U></B><FONT STYLE="font-family:Times New Roman"><B><U>the events or circumstances of the type described in
Section</U></B></FONT><FONT STYLE="font-family:Times New Roman"><B><U> </U></B></FONT><FONT STYLE="font-family:Times New Roman"><B><U>3.6(b)(i) or (ii)</U></B><B><U></U></B><B><U> have occurred with respect to the Relevant Rate then in effect, then
in each case, Agent and the Borrower Agent</U></B></FONT><FONT STYLE="font-family:Times New Roman"><B><U> may amend this Agreement solely for the purpose of replacing the Relevant Rate for an
</U></B></FONT><FONT STYLE="font-family:Times New Roman"><B><U>Agreed Currency or any then current Successor Rate in accordance with this Section</U></B><B><U></U></B><B><U> 3.6 at the end of
any</U></B></FONT><FONT STYLE="font-family:Times New Roman"><B><U> Interest Period, relevant interest payment date or payment period for interest calculated, </U></B></FONT><FONT STYLE="font-family:Times New Roman"><B><U>as applicable, with an
alternative benchmark rate giving due consideration to any evolving or then existing convention for such alternative benchmarks in similar credit facilities syndicated and agented in the United States and denominated in such Agreed</U></B></FONT><FONT
STYLE="font-family:Times New Roman"><B><U> Currency for such alternative benchmarks and, in each case, including any mathematical or other adjustments to such benchmark giving due consideration to any evolving or then existing convention for
</U></B></FONT><FONT STYLE="font-family:Times New Roman"><B><U>such benchmarks in similar credit facilities syndicated and agented in the United States and denominated in such Agreed</U></B></FONT><FONT STYLE="font-family:Times New Roman"><B><U>
Currency for such benchmarks, which adjustment or method for calculating such adjustment shall be published on an information service as selected by Agent from time to time in its reasonable discretion and may be periodically updated</U></B></FONT><FONT
STYLE="font-family:Times New Roman"><B><U>.</U></B> </FONT></P>
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<B><U>For the avoidance of doubt, any such proposed rate and adjustments, shall constitute a </U></B><B><U>&#147;</U></B><B><U>Successor Rate</U></B><B><U>&#148;</U></B><B><U>. Any such amendment
shall become effective at 5:00 p.m., New York City time,</U></B><FONT STYLE="font-family:Times New Roman"><B><U> on the fifth Business Day after Agent shall have posted such proposed amendment to all Lenders and the Borrower Agent unless, prior to
such time, Lenders comprising the Required Lenders have delivered to Agent written notice that such Required Lenders object to such amendment.</U></B></FONT><FONT STYLE="font-family:Times New Roman"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman"><B><U>Agent will promptly (in one or more notices) notify the Borrower Agent and
each Lender of the implementation of any Successor Rate.</U></B></FONT><FONT STYLE="font-family:Times New Roman"> </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT
STYLE="font-family:Times New Roman"><B><U>Any Successor Rate shall be applied in a manner consistent with market practice; provided that to the extent such market practice is not administratively feasible for Agent, such Successor Rate shall be
applied in a manner as otherwise reasonably determined by Agent.</U></B></FONT><FONT STYLE="font-family:Times New Roman"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman"><B><U>Notwithstanding anything else </U></B></FONT><FONT
STYLE="font-family:Times New Roman"><B><U>herein</U></B></FONT><FONT STYLE="font-family:Times New Roman"><B><U>, if at any time any Successor Rate as so determined would otherwise be less than zero, the Successor Rate will be deemed to be zero for
the purposes of this Agreement and the other Loan Documents.</U></B></FONT><FONT STYLE="font-family:Times New Roman"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman"><B><U>In connection with the implementation of a Successor Rate,</U></B></FONT><FONT
STYLE="font-family:Times New Roman"> Agent will have the right to make <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>Benchmark
Replacement</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE> </STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:11pt">Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>Benchmark Replacement</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE> </STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt">Conforming Changes will become effective without any further action or consent of any other party to this
Agreement<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>. </STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><U>; provided</U></B></FONT><FONT
STYLE="font-family:Times New Roman"><B><U> that, with respect to any such amendment effected, Agent shall post each such amendment implementing such Conforming Changes to the Borrower Agent and the Lenders reasonably promptly after such amendment
becomes effective.</U></B></FONT><FONT STYLE="font-family:Times New Roman"> </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>(v)</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>The Agent will promptly notify the Borrower Agent and the Lenders of (A)</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE></STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;the implementation of any Benchmark Replacement and (B)</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE></STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;the effectiveness of any Benchmark Replacement Conforming Changes. Any determination, decision or election that may be made by the Agent pursuant to this
Section</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE></STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;3.6(b), including any determination with respect to a
tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action, will be conclusive and binding absent manifest error and may be made in its sole
discretion and without consent from any other party hereto, except, in each case, as expressly required pursuant to this Section</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE></STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;3.6(b). </STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE></STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt">
</FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>(vi)</STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>At any time (including in connection with the
implementation of a Benchmark Replacement), (A) if the then-current Benchmark is a term rate (including Term SOFR or LIBOR), then the Agent may remove any tenor of such Benchmark that is unavailable or non-representative for Benchmark (including
Benchmark Replacement) settings and (B)</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE></STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;the Agent may reinstate
any such previously removed tenor for Benchmark (including Benchmark Replacement) settings</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>For purposes of this
Section</U></B><B><U></U></B><B><U>&nbsp;3.6</U></B><FONT STYLE="font-family:Times New Roman"><B><U>, those Lenders that either have not made, or do not have an obligation </U></B></FONT><FONT STYLE="font-family:Times New Roman"><B><U>under this
Agreement to make, the relevant Loans in the relevant Agreed Currency shall be excluded from any determination of Required Lenders</U></B>. </FONT></P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>3.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Increased Costs;
Capital Adequacy</U>. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">3.7.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Change in Law</U>. If any Change in
Law shall: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&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 (except any reserve requirement reflected in <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR, EURIBOR</U></B> or the Canadian BA Rate) or any Issuing Bank; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;subject any Lender or any Issuing Bank to any Tax with respect to any
Loan, Loan Document, Letter of Credit or participation in LC Obligations, or change the basis of taxation of payments to such Lender or such Issuing Bank in respect thereof (except for Indemnified Taxes or Other Taxes covered by
<B>Section</B><B></B><B>&nbsp;5.9</B> (or would be covered by <B>Section</B><B></B><B>&nbsp;5.9</B> but for exclusions in <B>Sections 5.9.2(a)</B> and <B>5.9.2(l)</B>) and the imposition of, or any change in the rate of, any Excluded Tax payable by
such Lender or such Issuing Bank); or </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;impose on any Lender or any
Issuing Bank or the London interbank market or the Canadian bankers&#146; acceptances market any other condition, cost or expense affecting any Loan, Loan Document, Letter of Credit, participation in LC Obligations, or Commitment; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify">and the result thereof shall be to increase the cost to such Lender of making or maintaining any <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR Loan, EURIBOR</U></B> Loan or Canadian BA Rate Loan (or of maintaining its obligation to make any such Loan), or to increase the cost to such Lender
or such Issuing Bank 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 or
such Issuing Bank hereunder (whether of principal, interest or any other amount) then, upon request of such Lender or such Issuing Bank, the Borrower(s) of any Borrower Group with respect to such Commitments, Loans, Letters of Credit or
participations in LC Obligations) will pay to such Lender or such Issuing Bank, as applicable, such additional amount or amounts as will compensate such Lender or such Issuing Bank, as applicable, for such additional costs incurred or reduction
suffered. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">3.7.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Capital Adequacy</U>. If any Lender or any Issuing
Bank determines that any Change in Law affecting such Lender or such Issuing Bank or any Lending Office of such Lender or such Lender&#146;s or such Issuing Bank&#146;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&#146;s, such Issuing Bank&#146;s or holding company&#146;s capital as a consequence of this Agreement, or such Lender&#146;s or such Issuing Bank&#146;s Commitments, Loans, Letters
of Credit or participations in LC Obligations, to a level below that which such Lender, such Issuing Bank or holding company could have achieved but for such Change in Law (taking into consideration such Lender&#146;s, such Issuing Bank&#146;s and
holding company&#146;s policies with respect to capital adequacy), then from time to time the Borrowers (or the applicable Borrower(s) of any Borrower Group with respect to such Commitments, Loans, Letters of Credit or participations in LC
Obligations) will pay to such Lender or such Issuing Bank, as the case may be, such additional amount or amounts as will compensate it or its holding company for any such reduction suffered. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">3.7.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Compensation</U>. Failure or delay on the part of any Lender or any
Issuing Bank to demand compensation pursuant to this Section shall not constitute a waiver of its right to demand such compensation, but the Borrower(s) of any Borrower Group shall not be required to compensate a Lender or an Issuing Bank for any
increased costs incurred or reductions suffered more than nine months prior to the date that such Lender or such Issuing Bank notifies the Borrower Agent of the Change in Law giving rise to such increased costs or reductions and of such
Lender&#146;s or such Issuing Bank&#146;s intention to claim compensation therefor (except that, if the Change in Law giving rise to such increased costs or reductions </P>
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is retroactive, then the nine-month period referred to above shall be extended to include the period of retroactive effect thereof). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>3.8</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Mitigation</U></B><B>.</B> If any Lender gives a notice under
<B>Section</B><B></B><B>&nbsp;3.5</B> or requests compensation under <B>Section</B><B></B><B>&nbsp;3.7</B>, or if the Borrower(s) of any Borrower Group are required to pay additional amounts with respect to a Lender under
<B>Section</B><B></B><B>&nbsp;5.9</B>, then such Lender shall use reasonable efforts to designate a different Lending Office 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 (a)&nbsp;would eliminate the need for such notice or reduce amounts payable or to be withheld in the future, as applicable; and (b)&nbsp;would not subject such Lender to any unreimbursed cost or expense
and would not otherwise be disadvantageous to such Lender or unlawful. The Borrower(s) of each affected Borrower Group shall pay all reasonable costs and expenses incurred by any Lender that has issued a Commitment to such Borrower Group in
connection with any such designation or assignment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>3.9</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Funding Losses</U></B><B>.</B> If for any reason (other than
default by a Lender)&nbsp;(a) any Borrowing of, or conversion to or continuation of, a <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR Loan, EURIBOR</U></B> Loan or a Canadian BA Rate
Loan does not occur on the date specified therefor in a Notice of Borrowing or Notice of Conversion/Continuation (whether or not withdrawn), (b) any repayment or conversion of a
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR Loan, EURIBOR</U></B> Loan or a Canadian BA Rate Loan occurs on a day other than the end of its Interest Period, (c)&nbsp;a Lender (other
than a Defaulting Lender) is required to assign a <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR Loan, EURIBOR</U></B> Loan or Canadian BA Rate Loan prior to the end of its Interest
Period pursuant to <B>Section</B><B></B><B>&nbsp;13.4</B>, or (d)&nbsp;the Borrower(s) of any Borrower Group fail(s) to repay a <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR Loan,
EURIBOR</U></B> Loan or a Canadian BA Rate Loan when required hereunder, then such applicable Borrower(s) shall pay to Agent its customary administrative charge and to each Applicable Lender all losses and expenses that it sustains as a consequence
thereof, including loss of anticipated profits and any loss or expense arising from liquidation or redeployment of funds or from fees payable to terminate deposits of matching funds but excluding the Applicable Margin. The Lenders shall not be
required to purchase deposits in the London interbank market or any other offshore market to fund any <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR Loan or EURIBOR</U></B> Loan or to
transact in bankers&#146; acceptances to make any Canadian BA Rate Loan, but the provisions hereof shall be deemed to apply as if each Applicable Lender had purchased such deposits <B><U>or transacted in such
bankers</U></B><B><U>&#146;</U></B><B><U> acceptances </U></B>to fund its <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR Loans, EURIBOR</U></B> Loans or Canadian BA Rate Loans, as
applicable. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>3.10</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Maximum Interest</U></B><B>.</B>
Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of <FONT STYLE="white-space:nowrap">non-usurious</FONT> interest permitted by
Applicable Law (&#147;maximum rate&#148;). If Agent or any Lender shall receive interest in an amount that exceeds the maximum rate, the excess interest shall be applied to the principal of the Obligations of the Borrower Group to which such excess
interest relates or, if it exceeds such unpaid principal, refunded to such Borrower Group. In determining whether the interest contracted for, charged or received by Agent or a Lender exceeds the maximum rate, such Person may, to the extent
permitted by Applicable Law, (a)&nbsp;characterize any payment that is not principal as an expense, fee or premium rather than interest; (b)&nbsp;exclude voluntary prepayments and the effects thereof; and (c)&nbsp;amortize, prorate, allocate and
spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder. Without limiting the generality of the foregoing provisions of this <B>Section</B><B></B><B>&nbsp;3.10</B>, if any provision
of any of the Loan Documents would obligate any Canadian Domiciled Obligor to make any payment of interest with respect to the Canadian Facility Obligations in an amount or calculated at a rate which would be prohibited by Applicable Law or would
result in the receipt of interest with respect to the Canadian Facility Obligations at a criminal rate (as such terms are construed under the Criminal Code (Canada)), then, notwithstanding such provision, such amount or rates shall be deemed to have
been adjusted with retroactive effect to the maximum amount or rate of interest, as the case </P>
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may be, as would not be so prohibited by law or so result in a receipt by the applicable recipient of interest with respect to the Canadian Facility Obligations at a criminal rate, such
adjustment to be effected, to the extent necessary, as follows: (i)&nbsp;first, by reducing the amount or rates of interest required to be paid by the Canadian Domiciled Obligors to the applicable recipient under the Loan Documents; and
(ii)&nbsp;thereafter, by reducing any fees, commissions, premiums and other amounts required to be paid by the Canadian Domiciled Obligors to the applicable recipient which would constitute interest with respect to the Canadian Facility Obligations
for purposes of Section&nbsp;347 of the Criminal Code (Canada). Notwithstanding the foregoing, and after giving effect to all adjustments contemplated thereby, if the applicable recipient shall have received an amount in excess of the maximum
permitted by that section of the Criminal Code (Canada), then the Canadian Domiciled Obligors shall be entitled, by notice in writing to Agent, to obtain reimbursement from the applicable recipient in an amount equal to such excess, and, pending
such reimbursement, such amount shall be deemed to be an amount payable by the applicable recipient to the applicable Canadian Domiciled Obligor. Any amount or rate of interest with respect to the Canadian Facility Obligations referred to in this
<B>Section</B><B></B><B>&nbsp;3.10</B> shall be determined in accordance with generally accepted actuarial practices and principles as an effective annual rate of interest over the term that any Loans to the Canadian Borrower remain outstanding on
the assumption that any charges, fees or expenses that fall within the meaning of &#147;interest&#148; (as defined in the Criminal Code (Canada)) shall, if they relate to a specific period of time, be pro rated over that period of time and otherwise
be pro rated over the period from the Original Agreement Closing Date to the date of Full Payment of the Canadian Facility Obligations, and, in the event of a dispute, a certificate of a Fellow of the Canadian Institute of Actuaries appointed by
Agent shall be conclusive for the purposes of such determination. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE>3.11</STRIKE></B><B><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</STRIKE></B><B><FONT
STYLE="font-family:Times New Roman"><strike><u>Terms Applicable to Alternative Currency Loans</u></strike></FONT></B><B><STRIKE>. From and after the Fifth Amendment to Fourth Amended and Restated Effective Date, notwithstanding any provision of this
Agreement or any other Loan Document to the contrary, the parties hereto agree as follows with respect to the Alternative Currencies</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;(it being understood that, for the avoidance of doubt, to the
extent provisions in this Agreement (other than this Section</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;3.11) apply to the Alternative Currencies and such provisions are not specifically addressed by this
Section</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;3.11, the provisions in this Agreement (other than this Section</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;3.11) shall continue to apply to the Alternative
Currencies):</STRIKE></B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE>(a)</STRIKE><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</STRIKE><FONT
STYLE="font-family:Times New Roman"><strike><u>Alternative Currencies</u></strike></FONT><STRIKE>. (i) No Alternative Currency shall be considered a currency for which there is a published LIBOR rate, and
(ii)</STRIKE><STRIKE></STRIKE><STRIKE>&nbsp;any request for a new Loan denominated in an Alternative Currency, or to continue an existing Loan denominated in an Alternative Currency, shall be deemed to be a request for a new Loan bearing interest at
the Alternative Currency Daily Rate or Alternative Currency Term Rate, as applicable;</STRIKE><STRIKE></STRIKE></B><B><I><FONT STYLE="font-family:Times New Roman"><STRIKE>&nbsp;provided,</STRIKE></FONT></I></B><B><STRIKE></STRIKE><STRIKE>&nbsp;that,
to the extent any Loan denominated in an Alternative Currency bearing interest at the LIBOR Rate is outstanding on the Fifth Amendment to Fourth Amended and Restated Effective Date, such Loan shall continue to bear interest at LIBOR until the end of
the current Interest Period or payment period applicable to such Loan unless, in the case of a Loan that bears interest at a daily floating rate, such daily floating rate is no longer representative or being made available, in which case such Loan
shall bear interest at the applicable Alternative Currency Rate immediately upon the effectiveness of the Fifth Amendment to Fourth Amended and Restated Loan Agreement.</STRIKE> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE>(b)</STRIKE><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</STRIKE><FONT
STYLE="font-family:Times New Roman"><strike><u>References to LIBOR and LIBOR Loans in this Agreement and Loan Documents</u></strike></FONT><STRIKE>.</STRIKE> </B></P>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE>(i)</STRIKE></B><B><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</STRIKE></B><B><STRIKE>References to LIBOR and LIBOR Loans in provisions of this Agreement and the other Loan Documents that relate to Loans denominated in Alternative Currencies and that are not specifically addressed in this
Section</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;3.11 (and the definitions of the defined terms used in this Section</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;3.11 (other than the definitions of LIBOR and LIBOR Loan)) shall be
deemed to include Alternative Currency Daily Rates, Alternative Currency Term Rates, and Alternative Currency Loans, as applicable.</STRIKE></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE>(ii)</STRIKE></B><B><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</STRIKE></B><B><STRIKE>For purposes of any requirement for the Borrowers to compensate Lenders for losses in this Agreement resulting from any continuation, conversion, payment or prepayment of any Alternative Currency Loan on a day other than the
last day of any Interest Period, references to the Interest Period shall be deemed to include any relevant interest payment date or payment period for an Alternative Currency Loan.</STRIKE></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE>(c)</STRIKE><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</STRIKE><FONT
STYLE="font-family:Times New Roman"><strike><u>Interest Rates</u></strike></FONT><STRIKE>. The Agent does not warrant, nor accept responsibility, nor shall the Agent have any liability with respect to the</STRIKE><STRIKE></STRIKE><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE> administration, submission or any other matter related to</STRIKE></FONT><STRIKE></STRIKE><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE> </STRIKE></FONT><STRIKE>the
rates in the definition of </STRIKE><STRIKE>&#147;</STRIKE><STRIKE>Alternative Currency Daily Rate</STRIKE><STRIKE>&#148;</STRIKE><STRIKE>, </STRIKE><STRIKE>&#147;</STRIKE><STRIKE>Alternative Currency Term
Rate</STRIKE><STRIKE>&#148;</STRIKE><STRIKE> or with respect to any rate (including, for the avoidance of doubt, the selection of such rate and any related spread or other adjustment) that is an alternative or replacement for or successor to any
such rate or the effect of any of the foregoing, or of any Conforming Changes.</STRIKE> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE>(d)</STRIKE></B><B><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</STRIKE></B><B><FONT
STYLE="font-family:Times New Roman"><strike><u>Borrowings and Continuations of Alternative Currency Loans</u></strike></FONT></B><B><STRIKE>. In addition to any other borrowing requirements set forth herein:</STRIKE></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE>(i)</STRIKE></B><B><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</STRIKE></B><B><FONT
STYLE="font-family:Times New Roman"><strike><u>Alternative Currency Loans</u></strike></FONT></B><B><STRIKE>. Each Borrowing of Alternative Currency Loans, and each continuation of an Alternative Currency Term Rate Loan shall be made upon the
Borrower Agent</STRIKE></B><B><STRIKE>&#146;</STRIKE></B><B><STRIKE>s irrevocable notice to Agent, which may be given by (A)</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;telephone or (B)</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;a
Notice of Borrowing;</STRIKE></B><B><STRIKE></STRIKE></B><B><I><FONT STYLE="font-family:Times New Roman"><STRIKE> provided,</STRIKE></FONT></I></B><B><STRIKE></STRIKE></B><B><STRIKE> that any telephonic notice must be confirmed promptly by delivery
to Agent of a Notice of Borrowing. Each such Notice of Borrowing must be received by the Agent not later than 11:00 a.m. three Business Days prior to the requested date of any Borrowing or, in the case of Alternative Currency Term Rate Loans, any
continuation. Each Borrowing of or continuation of Alternative Currency Loans shall be in (i)</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;a minimum principal amount of, in the case of Alternative Currency Loans denominated in
(x)</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;British Pounds, </STRIKE></B><B><STRIKE>&pound;</STRIKE></B><B><STRIKE>1,000,000, (y) Swiss Francs, CHF1,000,000 or (z)</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;Euros, Euros
1,000,000 or (ii)</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;an increment of, in the case of Alternative Currency Loans denominated in (x)</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;British Pounds,
</STRIKE></B><B><STRIKE>&pound;</STRIKE></B><B><STRIKE>1,000,000, (y) Swiss Francs, CHF1,000,000 or, (z)</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;Euros, Euros 1,000,000, in excess thereof. Each Notice of Borrowing shall specify
(i)</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;whether the Borrower is requesting a Borrowing or a continuation of Alternative Currency Term Rate Loans, (ii)</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;the requested date of the
Borrowing or continuation, as the case may be (which shall be a Business Day), (iii) the currency and principal amount of Loans to be borrowed or continued, (iv)</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;the Type of Loans to be borrowed,
and (v)</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;if applicable, the duration of the Interest Period with respect thereto. If the Borrower fails to specify a currency in a Loan Notice requesting a Borrowing, then the Loans so requested
shall be made in Dollars. If the Borrower fails to specify a Type of Loan</STRIKE></B><B><STRIKE>&nbsp;</STRIKE></B> </P>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE>in a Notice of Borrowing or if such Borrower fails to give a timely notice requesting a continuation, then the
applicable Loans shall be made as Base Rate Loans denominated in Dollars;</STRIKE></B><B><STRIKE></STRIKE></B><B><I><FONT STYLE="font-family:Times New Roman"><STRIKE>&nbsp;provided,
however,</STRIKE></FONT></I></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;that in the case of a failure to timely request a continuation of Alternative Currency Term Rate Loans, such Loans shall be continued as Alternative Currency Term Rate Loans in
their original currency with an Interest Period of one (1)</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;month. If the Borrower requests a Borrowing of or</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;continuation of Alternative
Currency Term Rate Loans in any such Notice of Borrowing, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month. Except as otherwise specified in this Agreement, no Alternative Currency Loan may
be converted into or continued as a Loan denominated in a different currency, but instead must be repaid in the original currency of such Alternative Currency Loan and reborrowed in the other currency.</STRIKE></B><B><STRIKE>&nbsp;</STRIKE></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE>(ii)</STRIKE></B><B><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</STRIKE></B><B><FONT
STYLE="font-family:Times New Roman"><strike><u>Conforming Changes</u></strike></FONT></B><B><STRIKE>. With respect to any Alternative Currency Rate, 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;</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE> </STRIKE><FONT STYLE="font-family:Times New Roman"><strike><u>provided</u></strike></FONT></B><B><STRIKE>,</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE> </STRIKE><FONT
STYLE="font-family:Times New Roman"><strike><u>that</u></strike></FONT></B><B><STRIKE>, with respect to any such amendment effected, Agent shall post each such amendment implementing such Conforming Changes to Borrower Agent and the Lenders
reasonably promptly after such amendment becomes effective.</STRIKE></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE>(iii)</STRIKE></B><B><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</STRIKE></B><B><FONT
STYLE="font-family:Times New Roman"><strike><u>Notice of Borrowing</u></strike></FONT></B><B><STRIKE>. For purposes of a Borrowing of Alternative Currency Loans, or a continuation of and Alternative Currency Term Rate Loan, Borrower Agent shall use
a Notice of Borrowing.</STRIKE></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE>(e)</STRIKE><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</STRIKE><FONT
STYLE="font-family:Times New Roman"><strike><u>Interest</u></strike></FONT><STRIKE>.</STRIKE> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE>(i)</STRIKE></B><B><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</STRIKE></B><B><STRIKE>Subject to the provisions hereof with respect to default interest, (x)</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;each Alternative Currency Daily Rate Loan shall bear interest on the outstanding principal amount
thereof from the applicable borrowing date at a rate per annum equal to the Alternative Currency Daily Rate</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>
</STRIKE><FONT STYLE="font-family:Times New Roman"><strike><u>plus</u></strike></FONT></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;the Applicable Margin; and (y)</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;each Alternative Currency Term
Rate Loan shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the Alternative Currency Term Rate for such Interest Period</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE> </STRIKE><FONT
STYLE="font-family:Times New Roman"><strike><u>plus</u></strike></FONT></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;the Applicable Margin.</STRIKE></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE>(ii)</STRIKE></B><B><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</STRIKE></B><B><STRIKE>Interest on each Alternative Currency Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such other times as may be specified in this Agreement. Interest hereunder shall be due and
payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding under any debtor relief law.</STRIKE></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE>(f)</STRIKE><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</STRIKE><FONT
STYLE="font-family:Times New Roman"><strike><u>Computations</u></strike></FONT><STRIKE>. All computations of interest for Alternative Currency</STRIKE><STRIKE></STRIKE><STRIKE>&nbsp;Loans (other than Alternative Currency Loans with respect to SARON)
shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed, or, in the case of interest in respect of Alternative Currency Loans as to which market practice differs from</STRIKE><STRIKE>&nbsp;</STRIKE>
</B></P>

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<STRIKE>the foregoing, in accordance with such market practice. All other computations of fees and interest with respect to Alternative Currency Loans determined by reference to SARON shall be
made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Alternative Currency Loan for the day on
which the Alternative Currency Loan is made, and shall not accrue on an Alternative Currency Loan, or any portion thereof, for the day on which the Alternative Currency Loan or such portion is paid,
</STRIKE><FONT STYLE="font-family:Times New Roman"><strike><u>provided</u></strike></FONT><STRIKE> that any Alternative Currency Loan that is repaid on the same day on which it is made shall, subject to the terms hereof, bear interest for one day.
Each determination by the Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.</STRIKE> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE>(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</STRIKE><FONT STYLE="font-family:Times New Roman"><strike><u>Inability to Determine Rate; Successor Rates</u></strike></FONT><STRIKE>.</STRIKE></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:12%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;(i) </STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><strike><u>Defined Terms</u></strike></FONT></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>. For purposes of this Section 3.11(g)</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman"><B><STRIKE>, those Lenders that either have not made, or do not have an obligation
</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>hereunder to make, the relevant Loans in the relevant Alternative Currency shall be excluded from any determination of Required Lenders.</STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:11pt"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:12%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><strike><u>Inability to Determine Rates</u></strike></FONT></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>. If in connection with any request for an Alternative Currency Loan or a continuation of any of such Loans, as applicable, (A) Agent determines (which determination shall be conclusive
absent manifest error) that (x) no Successor Rate for the Relevant Rate for the applicable currency has been determined in accordance with </STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><strike><u>Section&nbsp;
3.11(g)(iii</u></strike></FONT></B><B><FONT STYLE="font-family:Times New Roman"><strike><u>)</u></strike></FONT></B></FONT><FONT STYLE="font-family:Times New Roman"><B><STRIKE> and the circumstances under clause (</STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>x) of Section 3.11(g)(iii) or the Scheduled Unavailability Date has occurred with respect to such Relevant Rate (as applicable), or (y) adequate and reasonable means do not otherwise
exist for determining the Relevant Rate for the applicable currency for any determination date(s) or requested Interest Period, as applicable, with respect to a proposed Alternative Currency Loan, or (B) Agent or the Required Lenders determine for
any reason that the Relevant Rate with respect to a proposed Loan denominated in a currency for any requested Interest Period or determination date(s) does not adequately and fairly reflect the cost to such Lenders of funding such Loan, Agent will
promptly so notify the Borrower Agent and each Lender. Thereafter, (x) the obligation of the Lenders to make or maintain Loans in the affected currencies, as applicable, shall be suspended in each case to the extent of the affected Alternative
Currency Loans or Interest Period or determination date(s), as applicable, </STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman"><B><STRIKE>in each case until Agent (or, in the case of a determination by </STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>the Required Lenders described in clause (B) of this Section, until Agent upon instruction of the Required Lenders) revokes such notice.</STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:11pt"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:12%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon receipt of such notice,
(A</STRIKE></B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><STRIKE>) </STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>the Borrower Agent may revoke any pending request for a Borrowing of, or
continuation of Alternative Currency Loans to the extent of the affected Alternative Currency Loans or Interest Period or determination date(s), as applicable or, failing that, will be deemed to have converted such request into a request for a
Borrowing of Base Rate Loans </STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><STRIKE>denominated in Dollars</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE> in the
</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><STRIKE>Dollar Equivalent of the amount specified therein</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt">
</FONT></P>
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<B><STRIKE>a</STRIKE></B><B><STRIKE>nd (B) any outstanding affected Alternative Currency Loans, at the Borrower&#146;s election, shall either (1) be converted into a Borrowing of Base Rate
Loans</STRIKE></B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><STRIKE> denominated in Dollars in the Dollar Equivalent of the amount of such outstanding
</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>Alternative Currency Loan immediately, in the case of an Alternative Currency Daily Rate Loan or at the end of the applicable Interest Period, in the case of an
Alternative Currency Term Rate Loan</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><STRIKE> or (2) be prepaid in full immediately, in the case of </STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>a</STRIKE></B><B><STRIKE>n Alternative Currency Daily Rate</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><STRIKE> Loan, or at the end of the applicable
Interest Period, in the case of </STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>an Alternative Currency Term Rate Loan;
</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman"><strike><u>provided</u></strike></FONT><FONT STYLE="font-family:Times New Roman"><B><STRIKE> that if no election is made by the Borrower Agent (x) in the case of an Alternative Currency
Daily Rate Loan, by the date that is three Business Days after receipt by the Borrower Agent of such notice or (y) in the case of an Alternative Currency Term Rate Loan, by the last day of the current Interest Period for the applicable Alternative
Currency Term Rate</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><STRIKE> Loan, the Borrower Agent shall be deemed to have elected clause (1) above</STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>.</STRIKE></B> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:12%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)</STRIKE></B><B><FONT
STYLE="font-family:Times New Roman"><strike><u>Replacement of Relevant Rate or Successor Rate</u></strike></FONT></B><B><STRIKE>. Notwithstanding anything to the contrary
</STRIKE></B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><STRIKE>in this Agreement</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE> or any other Loan</STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><B><STRIKE> </STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><STRIKE>Documents, if Agent determines (which determination shall be conclusive absent manifest error),
or the Borrower Agent or Required Lenders notify Agent (with, in the case of the Required Lenders, a copy to the Borrower Agent) that the Borrower Agent or Required Lenders (as applicable) have determined, that</STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>:</STRIKE></B> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:16%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">&nbsp;&nbsp;&nbsp;&nbsp;<B><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x)&nbsp;&nbsp;adequate and reasonable
means do not exist for ascertaining the Relevant Rate for an Alternative Currency</STRIKE></B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><STRIKE> because none of the tenors of such Relevant Rate (including any forward-looking term
rate thereof) is available or published on a current basis and such circumstances are unlikely to be temporary; or</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:16%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">&nbsp;&nbsp;&nbsp;&nbsp;<B><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(y)</STRIKE></B><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><B><STRIKE>&nbsp;&nbsp;the Applicable Authority has made a public statement identifying a specific date after which all tenors of the Relevant Rate for an </STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>Alternative Currency (including any forward-looking term rate thereof) shall or will no longer be representative or made available, or used for determining the interest rate of loans
denominated in such Alternative</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><STRIKE> Currency, or shall or will otherwise cease, provided that, in each case, at the time of such statement, there is no successor
administrator that is satisfactory to Agent</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE> that will continue to provide such representative tenor(s) of the Relevant Rate for such Alternative
Currency</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><STRIKE> (the latest date on which all tenors of the Relevant Rate for
such</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE> Alternative Currency (including any forward-looking term rate thereof) are no longer representative or</STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><B><STRIKE> available permanently or indefinitely, the
&#147;</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><strike><u>Scheduled Unavailability Date</u></strike></FONT></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><B><STRIKE>&#148;); </STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>or</STRIKE></B> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:16%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">&nbsp;&nbsp;&nbsp;&nbsp;<B><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(z)&nbsp;&nbsp;syndicated loans currently
being executed and agented in the United States, are being executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace the Relevant Rate for an Alternative Currency;</STRIKE></B> </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:12%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE>or if </STRIKE></B><B><STRIKE></STRIKE></B><B><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>the events or circumstances of the type described in Section<FONT STYLE="font-family:Times New Roman; font-size:11pt">&nbsp;</FONT></STRIKE><STRIKE>3.11(g)(iii)(x), (iii)(y) or (iii)(z)
have occurred with respect to the Successor Rate then in effect, then, Agent and the Borrowers</STRIKE></FONT></B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><STRIKE></STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><B><STRIKE> may amend this Agreement solely for the purpose of replacing the Relevant Rate for an<FONT STYLE="font-family:Times New Roman; font-size:11pt"> </FONT></STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>Alternative Currency or any then current Successor Rate for an Alternative Currency in accordance with this Section</STRIKE></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;3.11(g)(iii) with
an alternative benchmark rate giving due consideration to any evolving or then existing convention for similar credit facilities syndicated and agented in the United States and denominated in such Alternative</STRIKE></B><B><STRIKE></STRIKE></B><B><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>&nbsp;Currency for such alternative
benchmarks</STRIKE></FONT></B><B><STRIKE>,</STRIKE></B><B><STRIKE></STRIKE></B><B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>&nbsp;and, in each case, including any mathematical or other adjustments to such benchmark giving due
consideration to any evolving or then existing convention for</STRIKE></FONT><STRIKE></STRIKE><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE> </STRIKE></FONT><STRIKE>similar credit facilities syndicated and agented in the United
States and denominated in such Alternative</STRIKE></B><B><STRIKE></STRIKE></B><B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>&nbsp;Currency for such benchmarks, which adjustment or method for calculating such adjustment shall
be published on an information service as selected by Agent from time to time in its reasonable discretion and may be periodically updated</STRIKE></FONT></B><B><STRIKE></STRIKE></B><B><STRIKE>&nbsp;(and any such proposed rate, including for the
avoidance of doubt, any adjustment thereto, a </STRIKE><STRIKE>&#147;</STRIKE></B><B><FONT STYLE="font-family:Times New Roman"><strike><u>Successor Rate</u></strike></FONT></B><B><STRIKE>&#148;), </STRIKE></B><B><STRIKE>and any such amendment shall
become effective at 5:00 p.m.</STRIKE></B><B><STRIKE></STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><STRIKE> </STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>on the fifth Business Day after Agent shall have posted such proposed amendment to all Lenders and the Borrower Agent unless, prior to such time, Lenders comprising the Required Lenders
have delivered to Agent written notice that such Required Lenders object to such amendment.</STRIKE></FONT></B> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:12%; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><STRIKE>Agent will promptly (in one or more
notices) notify the Borrower Agent and each Lender of the implementation of any Successor Rate.</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:12%; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>Any Successor Rate shall be applied in a
manner consistent with market
practice;<FONT STYLE="font-family:Times New Roman; font-size:11pt">&nbsp;<strike><u>provided</u></strike></FONT></STRIKE><STRIKE></STRIKE></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>&nbsp;that to the extent such market
practice is not administratively feasible for Agent, such Successor Rate shall be applied in a manner as otherwise reasonably determined by Agent.</STRIKE></FONT></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:12%; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><STRIKE>Notwithstanding anything else<FONT
STYLE="font-family:Times New Roman; font-size:11pt">&nbsp;</FONT></STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>in this
Agreement</STRIKE></B><B><FONT STYLE="font-family:Times New Roman; font-size:11pt"><STRIKE>, if at any time any Successor Rate as so determined would otherwise be less than zero, the Successor Rate will be deemed to be zero for the purposes of this
Agreement and the other Loan Documents.</STRIKE></FONT></B> </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:12%; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT
STYLE="font-family:Times New Roman"><B><STRIKE>In connection with the implementation of a Successor
Rate,</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman"><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;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;</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><I></I></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;
</STRIKE></B><B><I><STRIKE>provided</STRIKE></I></B><B><STRIKE>,</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><I></I></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman"><STRIKE>&nbsp;that, with respect to any such amendment effected, Agent shall post each such amendment implementing such Conforming Changes to the Borrower Agent and the Lenders reasonably promptly after such
amendment becomes effective.</STRIKE></FONT></B> </FONT></P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SECTION&nbsp;4. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LOAN ADMINISTRATION </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>4.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Manner of Borrowing and Funding Revolver Loans</U>. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">4.1.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notice of Borrowing</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Whenever Borrowers within a Borrower Group desire funding of a Borrowing
of Revolver Loans, Borrower Agent shall give Agent a Notice of Borrowing. Such notice must be received by Agent no later than 11:00 a.m. (i)&nbsp;on the Business Day of the requested funding date, in the case of U.S. Base Rate Loans, Canadian Prime
Rate Loans, or Canadian Base Rate Loans, (ii)&nbsp;on the Business Day prior to the requested funding date, in the case of U.K.<B><U>/Dutch</U></B> Base Rate Loans or German Base Rate Loans, and (iii)&nbsp;at least three Business Days prior (and at
least four Business Days in the case of a U.K.<B><U>/Dutch</U></B> Revolver Loan or a German Revolver Loan) to the requested funding date, in the case of
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR Loans, SONIA Loans, SARON Loans, EURIBOR</U></B> Loans or Canadian BA Rate Loans. Notices received after 11:00 a.m. shall be deemed
received on the next Business Day. Each Notice of Borrowing shall be irrevocable and shall specify (A)&nbsp;the amount of the Borrowing, (B)&nbsp;the requested funding date (which must be a Business Day), (C) whether the Borrowing is to be made as a
U.S. Base Rate Loan or a <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR</U></B> Loan (in the case of a Borrowing by the U.S. Borrowers), or as a Canadian Base Rate Loan, a Canadian Prime
Rate Loan, <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR</U></B> Loan, or a Canadian BA Rate Loan (in the case of a Borrowing by the Canadian Borrower), or as a U.K.<B><U>/Dutch</U></B>
Base Rate<B><U> Loan, a Term SOFR Loan, a SONIA</U></B> Loan or a <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>EURIBOR</U></B> Loan (in the case of a Borrowing by the U.K.<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B>), or as a German Base Rate
Loan<B><U>, a Term SOFR Loan, a SONIA Loan, a EURIBOR Loan</U></B> or a <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>SARON</U></B> Loan (in the case of a Borrowing by a German Borrower), (D) in
the case of <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR Loans, EURIBOR</U></B> Loans or Canadian BA Rate Loans, the duration of the applicable Interest Period (which shall be deemed
to be 30 days if not specified), <B><U>and </U></B>(E)&nbsp;in the case of a Borrowing by the Canadian Borrower, whether such Loan is to be denominated in Dollars or Canadian
Dollars<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>, and (F)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;in the case of a Borrowing by the U.K. Borrower or a German Borrower, in the case of LIBOR Loans only, whether such Loan is to be denominated in Dollars, British Pounds, Swiss Francs
or Euros</STRIKE></FONT></B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unless payment is otherwise timely made
by Borrowers within a Borrower Group, the becoming due of any amount required to be paid with respect to any of the Obligations of the Obligor Group to which such Borrower Group belongs (whether principal, interest, fees or other charges, including
Extraordinary Expenses<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>,</STRIKE></FONT></B><B><U> and</U></B> LC Obligations, <B><U>but excluding </U></B>Cash Collateral and Secured Bank Product Obligations) shall be deemed to
be a request for Revolver Loans by such Borrower Group on the due date, in the amount of such Obligations and shall bear interest at the per annum rate applicable hereunder to U.S. Base Rate Revolver Loans, in the case of such Obligations owing by
any U.S. Facility Obligor, or to Canadian Prime Rate Loans, in the case of such Obligations owing by a Canadian Domiciled Obligor, or to U.K.<B><U>/Dutch</U></B> Base Rate Loans, in the case of such Obligations owing by a U.K.<B><U>/Dutch</U></B>
Domiciled Obligor, or to German Base Rate Loans, in the case of such Obligations owing by a German Domiciled Obligor. The proceeds of such Revolver Loans shall be disbursed as direct payment of the relevant Obligation. In addition, Agent may, at its
option, charge such Obligations of an Obligor Group against any operating, investment or other account of an Obligor within such Obligor Group maintained with Agent or any of its Affiliates. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If Borrowers within a Borrower Group establish a controlled disbursement
account with Agent or any branch or Affiliate of Agent, then the presentation for payment of any check, ACH or electronic debit, or other payment item at a time when there are insufficient funds to cover it shall be deemed to be a request for
Revolver Loans by such Borrower Group on the date of such presentation, in the amount of such payment item, and shall bear interest at the per annum rate applicable hereunder to U.S. Base Rate </P>
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Revolver Loans, in the case of insufficient funds owing by any U.S. Facility Obligor, or to Canadian Prime Rate Loans, in the case of insufficient funds owing by a Canadian Domiciled Obligor, or
to U.K.<B><U>/Dutch</U></B> Base Rate Loans, in the case of insufficient funds owing by a U.K.<B><U>/Dutch</U></B> Domiciled Obligor, or to German Base Rate Loans, in the case of insufficient funds owing by a German Domiciled Obligor. The proceeds
of such Revolver Loans may be disbursed directly to the controlled disbursement account or other appropriate account. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>(d)</STRIKE></FONT></B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>Whenever U.S. Borrowers desire funding of the Borrowing of the Term Loans, Borrower Agent shall give
Agent a Notice of Borrowing. Such notice must be received by Agent no later than 11:00 a.m. (i)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;at least two
(2)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Business Days prior to the requested funding date in the case
of Base Rate Term Loans and (ii)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;at least three
(3)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Business Days prior to the requested funding date in the case
of LIBOR Term Loans. Notices received after 11:00 a.m. shall be deemed received on the next Business Day. Any such Notice of Borrowing shall be irrevocable (subject to the last sentence of this Section</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;4.1.1(d)) and shall specify (A)</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;the amount of the Term Loans to be borrowed (subject to the limits set forth herein), (B) the
requested funding date (which must be a Business Day), (C) whether the Borrowing is to be made as a Base Rate Term Loan or a LIBOR Term Loan, and
(D)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;in the case of LIBOR Term Loans, the duration of the
applicable Interest Period (which shall be deemed to be 30 days if not specified). Notwithstanding the foregoing, a request for a Base Rate Term Loan (a
</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&#147;</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><strike><u>Base Rate Term Loan Request</u></strike></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&#148;</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>) meeting the foregoing requirements may be conditioned by U.S. Borrowers on a material event
occurring, provided, that, Agent must receive notice no later than 11:00 a.m. on the requested funding date on whether such material event has, or shall be deemed to have, occurred (a </STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&#147;</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><strike><u>Material Event Confirmation</u></strike></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&#148;</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>) (it being understood that to the extent Agent does not receive a Material Event Confirmation
by such time, the corresponding Base Rate Term Loan Request shall be deemed null and void).</STRIKE></FONT></B> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">4.1.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Fundings by Lenders</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Applicable Lender shall timely honor its Revolver Commitment by
funding its Pro Rata share of each Borrowing of Revolver Loans that is properly requested hereunder. Except for Borrowings to be made as Swingline Loans, Agent shall endeavor to notify the Applicable Lenders of each Notice of Borrowing (or deemed
request for a Borrowing) by 12:00 noon (Applicable Time Zone) on the proposed funding date (and by 12:00 p.m. (Applicable Time Zone) on the Business Day prior to the proposed funding date, in the case of U.K.<B><U>/Dutch</U></B> Base Rate Loans and
German Base Rate Loans) for U.S. Base Rate Loans, Canadian Base Rate Loans, Canadian Prime Rate Loans, U.K.<B><U>/Dutch</U></B> Base Rate Loans or German Base Rate Loans, or by 3:00 p.m. (Applicable Time Zone) at least two Business Days before any
proposed funding of <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR Loans, SONIA Loans, SARON Loans, EURIBOR</U></B> Loans or Canadian BA Rate Loans. Each Applicable Lender shall fund to
Agent such Lender&#146;s Pro Rata share of the Borrowing to the account specified by Agent in immediately available funds not later than 2:00 p.m. (Applicable Time Zone) on the requested funding date, unless Agent&#146;s notice is received after the
times provided above, in which case Lender shall fund its Pro Rata share by 11:00 a.m. (Applicable Time Zone) on the next Business Day. Subject to its receipt of such amounts from the Applicable Lenders, Agent shall disburse the proceeds of the
Revolver Loans as directed by Borrower Agent. Unless Agent shall have received (in sufficient time to act) written notice from an Applicable Lender that it does not intend to fund its Pro Rata share of a Borrowing, Agent may assume that such Lender
has deposited or promptly will deposit its share with Agent, and Agent may disburse a corresponding amount to the applicable Borrower(s). If an Applicable Lender&#146;s share of any Borrowing or of any settlement pursuant to
<B>Section</B><B></B><B>&nbsp;4.1.3(b)</B> is not received by Agent, then the Borrowers within the applicable Borrower Group agree to repay </P>
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to Agent <B>on demand</B> the amount of such share, together with interest thereon from the date disbursed until repaid, at the rate applicable to such Borrowing. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>(b)</STRIKE></FONT></B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>Each U.S. Lender shall timely honor its Term Loan Commitment by funding its Pro Rata share of the Term
Loans that are properly requested hereunder. Agent shall endeavor to notify the U.S. Lenders with Term Loan Commitments of any Notice of Borrowing to request the Term Loans by 12:00 noon (Pacific time) at least three (3)</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Business Days prior to the proposed funding date. Each U.S. Lender with a Term Loan Commitment
shall fund to Agent such Lender</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&#146;</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>s Pro Rata share of the Borrowing
to the account specified by Agent in immediately available funds not later than 2:00 p.m. (Pacific time) on the requested funding date. Subject to its receipt of such amounts from such U.S. Lenders, Agent shall disburse the proceeds of the Term
Loans as directed by Borrower Agent. Unless Agent shall have received (in sufficient time to act) written notice from a U.S. Lender with a Term Loan Commitment that it does not intend to fund its Pro Rata share of such Borrowing, Agent may assume
that such U.S. Lender has deposited or promptly will deposit its share with Agent, and Agent may disburse a corresponding amount to the applicable U.S. Borrower(s). If a U.S. Lender</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&#146;</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>s share of any such Borrowing is not received by Agent, then the U.S. Borrowers agree to repay
to Agent on demand the amount of such share, together with interest thereon from the date disbursed until repaid, at the rate applicable to such Borrowing.</STRIKE></FONT></B> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">4.1.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Swingline Loans; Settlement</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agent may, but shall not be obligated to, advance U.S. Swingline Loans to
the U.S. Borrowers, up to an aggregate outstanding amount equal to 10% of the aggregate U.S. Revolver Commitments, unless the funding is specifically required to be made by all U.S. Lenders hereunder. Each U.S. Swingline Loan shall constitute a U.S.
Base Rate Revolver Loan for all purposes, except that payments thereon shall be made to Agent for its own account. The obligation of the U.S. Borrowers to repay U.S. Swingline Loans shall be evidenced by the records of Agent and need not be
evidenced by any promissory note. Agent (acting through its Canada branch) may, but shall not be obligated to, advance Canadian Swingline Loans to the Canadian Borrower, up to an aggregate outstanding amount equal to 10% of the aggregate Canadian
Revolver Commitments, unless the funding is specifically required to be made by all Canadian Lenders hereunder. Each Canadian Swingline Loan shall constitute a Canadian Prime Rate Revolver Loan or a Canadian Base Rate Loan, as applicable, for all
purposes, except that payments thereon shall be made to Agent (acting through its Canada branch) for its own account. The obligation of the Canadian Borrower to repay Canadian Swingline Loans shall be evidenced by the records of Agent (acting
through its Canada branch) and need not be evidenced by any promissory note. Agent may, but shall not be obligated to, advance U.K.<B><U>/Dutch</U></B> Swingline Loans to the
U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B>, up to an aggregate
outstanding amount equal to 10% of the aggregate U.K.<B><U>/Dutch</U></B> Revolver Commitments, unless the funding is specifically required to be made by all U.K.<B><U>/Dutch</U></B> Lenders hereunder. Each U.K.<B><U>/Dutch</U></B> Swingline Loan
shall be made in and denominated only in Dollars, and shall constitute a U.K.<B><U>/Dutch</U></B> Base Rate Loan for all purposes, except that payments thereon shall be made to Agent for its own account. The obligation of the U.K.<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B> to repay U.K.<B><U>/Dutch</U></B>
Swingline Loans shall be evidenced by the records of Agent and need not be evidenced by any promissory note. Agent may, but shall not be obligated to, advance German Swingline Loans to the German Borrower, up to an aggregate outstanding amount equal
to 10% of the aggregate German Revolver Commitments, unless the funding is specifically required to be made by all German Lenders hereunder. Each German Swingline Loan shall be made in and denominated only in Dollars, and shall constitute a German
Base Rate Loan for all purposes, except that payments thereon shall be made to Agent for its own account. The obligation of the German </P>
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Borrower to repay German Swingline Loans shall be evidenced by the records of Agent and need not be evidenced by any promissory note. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Settlement of Swingline Loans and other Revolver Loans among Lenders and
Agent shall take place on a date determined from time to time by Agent (but at least weekly), in accordance with the Settlement Report delivered by Agent to Lenders. Between settlement dates, Agent may in its discretion apply payments on Revolver
Loans to Swingline Loans, regardless of any designation by any Borrower or any provision herein to the contrary. Each Lender&#146;s obligation to make settlements with Agent is absolute and unconditional, without offset, counterclaim or other
defense, and whether or not the Commitments have terminated, an Overadvance exists or the conditions in <B>Section</B><B></B><B>&nbsp;6</B> are satisfied. If, due to an Insolvency Proceeding with respect to a Borrower or otherwise, any U.S.
Swingline Loan may not be settled among the U.S. Lenders hereunder, then each U.S. Lender shall be deemed to have purchased from Agent a Pro Rata participation in such Loan and shall transfer the amount of such participation to Agent, in immediately
available funds, within one Business Day after Agent&#146;s request therefor. If, due to an Insolvency Proceeding with respect to a Borrower or otherwise, any Canadian Swingline Loan may not be settled among the Canadian Lenders hereunder, then each
Canadian Lender shall be deemed to have purchased from Agent a Pro Rata participation in such Loan and shall transfer the amount of such participation to Agent, in immediately available funds, within one Business Day after Agent&#146;s request <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>therefore</STRIKE></FONT></B><B><U>therefor</U></B>. If, due to an Insolvency Proceeding with respect to a Borrower or otherwise, any U.K.<B><U>/Dutch</U></B> Swingline Loan may not be
settled among the U.K.<B><U>/Dutch</U></B> Lenders hereunder, then each U.K.<B><U>/Dutch</U></B> Lender shall be deemed to have purchased from Agent a Pro Rata participation in such Loan and shall transfer the amount of such participation to Agent,
in immediately available funds, within one Business Day after Agent&#146;s request therefore. If, due to an Insolvency Proceeding with respect to a Borrower or otherwise, any German Swingline Loan may not be settled among the German Lenders
hereunder, then each German Lender shall be deemed to have purchased from Agent a Pro Rata participation in such Loan and shall transfer the amount of such participation to Agent, in immediately available funds, within one Business Day after
Agent&#146;s request therefore. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">4.1.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notices</U>. Borrowers may
request, convert or continue Loans, select interest rates and transfer funds based on telephonic or <FONT STYLE="white-space:nowrap">e-mailed</FONT> instructions to Agent. Borrowers shall confirm each such request by prompt delivery to Agent of a
Notice of Borrowing or Notice of Conversion/Continuation, if applicable, but if it differs materially from the action taken by Agent or Lenders, the records of Agent and Lenders shall govern. Neither Agent nor any Lender shall have any liability for
any loss suffered by a Borrower as a result of Agent or any Lender acting upon its understanding of telephonic or <FONT STYLE="white-space:nowrap">e-mailed</FONT> instructions from a person believed in good faith by Agent or any Lender to be a
person authorized to give such instructions on a Borrower&#146;s behalf. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>4.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Defaulting Lender</U>. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">4.2.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Reallocation of Pro Rata Share; Amendments</U>. For purposes of
determining Lenders&#146; obligations to fund or participate in Loans or Letters of Credit, Agent may exclude the Commitments and Loans of any Defaulting Lender(s) from the calculation of Pro Rata shares. A Defaulting Lender shall have no right to
vote on any amendment, waiver or other modification of a Loan Document, except as provided in <B>Section</B><B></B><B>&nbsp;14.1.1(c)</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">4.2.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Payments; Fees</U>. Agent may, in its discretion, receive and retain
any amounts payable to a Defaulting Lender under the Loan Documents, and a Defaulting Lender shall be deemed to have assigned to Agent such amounts until all Obligations owing to Agent, <FONT STYLE="white-space:nowrap">non-Defaulting</FONT> Lenders
and other Secured Parties have been paid in full. Agent may apply such amounts to the Defaulting Lender&#146;s defaulted obligations, use the funds to Cash Collateralize such Lender&#146;s Fronting Exposure, or readvance the amounts, in accordance
with this Agreement, to the Borrowers of the Borrower Group to which such </P>
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defaulted obligations relate. A Lender shall not be entitled to receive any fees accruing hereunder during the period in which it is a Defaulting Lender, and the unfunded portion of its
Commitment shall be disregarded for purposes of calculating the unused line fees under <B>Section</B><B></B><B>&nbsp;3.2.1</B>. If any LC Obligations owing to a Defaulted Lender are reallocated to other Lenders, fees attributable to such LC
Obligations under <B>Section</B><B></B><B>&nbsp;3.2.2, Section</B><B></B><B>&nbsp;3.2.3</B>, and <B>Section</B><B></B><B>&nbsp;3.2.4</B>, as applicable, shall be paid to such Lenders. Agent shall be paid all fees attributable to LC Obligations that
are not reallocated. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">4.2.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Cure</U>. Borrowers, Agent and Issuing
Banks may agree in writing that a Lender is no longer a Defaulting Lender. At such time, Pro Rata shares shall be reallocated without exclusion of such Lender&#146;s Commitments and Loans, and all outstanding Revolver Loans, LC Obligations and other
exposures under the Revolver Commitments shall be reallocated among Lenders and settled by Agent (with appropriate payments by the reinstated Lender) in accordance with the readjusted Pro Rata shares. Unless expressly agreed by Borrowers, Agent and
Issuing Banks, or as expressly provided herein with respect to <FONT STYLE="white-space:nowrap">Bail-In</FONT> Actions and related matters, no reinstatement of a Defaulting Lender shall constitute a waiver or release of claims against such Lender.
The failure of any Lender to fund a Loan, to make a payment in respect of LC Obligations or otherwise to perform its obligations hereunder<I> </I>shall not relieve any other Lender of its obligations, and no Lender shall be responsible for default
by another Lender. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>4.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Number and Amount of </U><FONT
STYLE="font-family:Times New Roman"><strike><u>LIBOR</u></strike></FONT><U>Term SOFR</U><U> Loans</U><U>, EURIBOR Loans, SONIA Loans, SARON Loans, Canadian BA Rate Loans, Canadian Base Rate Loans</U><U> and Canadian </U><FONT
STYLE="font-family:Times New Roman"><strike><u>BA</u></strike></FONT><U>Prime</U><U> Rate Loans; Determination of Rate</U>.</B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">4.3.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With respect to the U.S. Borrowers, (a)&nbsp;no more than 10 Borrowings
of <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR</U></B> Loans may be outstanding at any time, and all
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR</U></B> Loans to U.S. Borrowers having the same length and beginning date of their Interest Periods shall be aggregated together and
considered one Borrowing for this purpose, and (b)&nbsp;each Borrowing of <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR</U></B> Loans when made, continued or converted shall be in a
minimum amount of $1,000,000 or an increment of $1,000,000, in excess thereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">4.3.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With respect to the Canadian Borrower, (a)&nbsp;no more than 5<B>
</B>Borrowings of <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR</U></B> Loans may be outstanding at any time, and all
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR</U></B> Loans having the same length and beginning date of their Interest Periods shall be aggregated together and considered one Borrowing
for this purpose, (b)&nbsp;no more than 5 Borrowings of Canadian BA Rate Loans may be outstanding at any time, and all Canadian BA Rate Loans having the same length and beginning date of their Interest Periods shall be aggregated together and
considered one Borrowing for this purpose, <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>and&nbsp;</STRIKE></FONT></B>(c) each Borrowing of such Loans when made, continued or converted shall be in a minimum amount of
$1,000,000 (or, in the case of Canadian BA Rate Loans, <B><U>Cdn$1,000,000), in excess thereof, (d)</U></B><B><U></U></B><B><U>&nbsp;and each Borrowing of Canadian Prime Rate Loans when made, continued or converted shall be in a minimum amount of
</U></B>Cdn$<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>1,000,000)</STRIKE></FONT></B><B><U>500,000</U></B> or an increment of <B><U>Cdn</U></B>$<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>1,000,000
(or, in the case</STRIKE></FONT></B><B><U>100,000 in excess thereof, and (e)</U></B><B><U></U></B><B><U>&nbsp;each Borrowing</U></B> of Canadian
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>BA</STRIKE></FONT></B><B><U>Base</U></B> Rate Loans<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>, Cdn$1,000,000),</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><U>&nbsp;when made, continued or converted shall be in a minimum amount of $500,000 or an increment of $100,000 </U></B>in excess thereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">4.3.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With respect to the U.K.<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B>, (a)&nbsp;no more than 5 Borrowings
of <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR Loans and/or EURIBOR</U></B> Loans may be outstanding at any time, and all
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR Loans and EURIBOR</U></B> Loans having the same length and beginning date of their Interest Periods and in the same Available Currency
shall be aggregated together and considered one Borrowing for this purpose, and (b)&nbsp;each Borrowing of such Loans when made, continued or converted shall be in a minimum amount of $1,000,000 (or, in the case of <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>SONIA</U></B> Loans<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;denominated in British Pounds</STRIKE></FONT></B>, &pound;1,000,000 or, in the case of
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>EURIBOR</U></B> Loans<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;denominated in Euros</STRIKE></FONT></B>, Euros </P>
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1,000,000) or an increment of $1,000,000 (or, in the case of <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>SONIA</U></B> Loans<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;denominated in British Pounds</STRIKE></FONT></B>, &pound;1,000,000 or, in the case of <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>EURIBOR</U></B> Loans<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;denominated in Euros</STRIKE></FONT></B>, Euros 1,000,000), in excess thereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">4.3.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With respect to the German Borrower, (a)&nbsp;no more than 5 Borrowings
of <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR Loans and/or EURIBOR</U></B> Loans may be outstanding at any time, and all
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR Loans and/or EURIBOR</U></B> Loans having the same length and beginning date of their Interest Periods and in the same Available Currency
shall be aggregated together and considered one Borrowing for this purpose, and (b)&nbsp;each Borrowing of such Loans when made, continued or converted shall be in a minimum amount of $1,000,000 (or, in the case of <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>SONIA</U></B> Loans<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;denominated in (x)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;British Pounds</STRIKE></FONT></B>, &pound;1,000,000, <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>(y) Swiss Francs</STRIKE></FONT></B><B><U>SARON
Loans</U></B>, CHF1,000,000 or <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>(z)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Euros</STRIKE></FONT></B><B><U>EURIBOR Loans</U></B>, Euros 1,000,000) or an increment of $1,000,000 (or, in the case of
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>SONIA</U></B> Loans<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;denominated in (x)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;British Pounds</STRIKE></FONT></B>, &pound;1,000,000, <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>(y)</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Swiss Francs</STRIKE></FONT></B><B><U>SARON Loans</U></B>, CHF1,000,000 or<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>,
(z)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Euros</STRIKE></FONT></B><B><U> EURIBOR Loans</U></B>, Euros
1,000,000), in excess thereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">4.3.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon determining <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR, EURIBOR</U></B> or the Canadian BA Rate for any Interest Period requested by the Borrower Agent on behalf of a Borrower Group, Agent shall promptly
notify the Borrower Agent thereof by telephone or electronically and, if requested by the Borrower Agent, shall confirm any telephonic notice in writing. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>4.4</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Borrower Agent</U></B><B>.</B> Each Borrower and other Obligor
hereby designates <B><U>Topgolf Callaway Brands Corp. (formerly known as </U></B>Callaway Golf Company<B><U>)</U></B>, a Delaware corporation (&#147;<U>Borrower Agent</U>&#148;) as its representative and agent for all purposes under the Loan
Documents, including requests for Loans and Letters of Credit, designation of interest rates, delivery or receipt of communications, preparation and delivery of Borrowing Base and financial reports, receipt and payment of Obligations, requests for
waivers, amendments or other accommodations, actions under the Loan Documents (including in respect of compliance with covenants), and all other dealings with Agent, any Issuing Bank or any Lender. Borrower Agent hereby accepts such appointment.
Agent and Lenders shall be entitled to rely upon, and shall be fully protected in relying upon, any notice or communication (including any notice of borrowing) delivered by Borrower Agent on behalf of any Borrower. Agent and Lenders may give any
notice or communication with a Borrower or other Obligor hereunder to Borrower Agent on behalf of such Borrower or other Obligor. Each of Agent, Issuing Banks and Lenders shall have the right, in its discretion, to deal exclusively with Borrower
Agent for any or all purposes under the Loan Documents. Each Borrower and other Obligor agrees that any notice, election, communication, representation, agreement or undertaking made on its behalf by Borrower Agent shall be binding upon and
enforceable against it. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>4.5</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>One Obligation</U></B><B>.</B>
The Loans, LC Obligations and other Obligations of the applicable Borrower(s) of each Borrower Group and their respective Guarantors shall constitute one general obligation of such Borrower(s) of such Borrower Group and their respective Guarantors
and (unless otherwise expressly provided in any Loan Document) shall be secured by Agent&#146;s Lien upon all Collateral of such Borrower(s) of such Borrower Group and their respective Guarantors; <U>provided</U>, <U>however</U>, that each Credit
Party shall be deemed to be a creditor of, and the holder of a separate claim against, each Borrower or other Obligor to the extent of any Obligations jointly or severally owed by such Borrower or other Obligor to such Credit Party. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>4.6</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Effect of Termination</U></B><B>.</B> On the effective date of
any termination of any of the Revolver Commitments, all Obligations with respect thereto shall be immediately due and payable, and any Lender may terminate its and its Affiliates&#146; Bank Products. All undertakings of Borrowers contained in the
Loan Documents shall survive any termination, and Agent shall retain its Liens in the Collateral and all of its rights and remedies under the Loan Documents until Full Payment of the Obligations. Notwithstanding
</P>
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Full Payment of the Obligations, Agent shall not be required to terminate its Liens in any Collateral unless, with respect to any damages Agent may incur as a result of the dishonor or return of
Payment Items applied to Obligations, Agent receives (a)&nbsp;a written agreement satisfactory to Agent, executed by Borrowers and any Person whose advances are used in whole or in part to satisfy the Obligations, indemnifying Agent and Lenders from
such damages; and (b)&nbsp;such Cash Collateral as Agent, in its discretion, deems appropriate to protect against such damages. <B>Sections 2.2, 2.3, 2.4, 3.4, 3.6, 3.7, 3.9, 5.5,</B> <B>5.9, 5.10</B>, <B>12, 14.2</B> and this<B> </B>Section, and
the obligation of each Obligor and Lender with respect to each indemnity given by it in any Loan Document, shall survive Full Payment of the Obligations and any release relating to this credit facility. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>SECTION&nbsp;5. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PAYMENTS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>5.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>General Payment Provisions</U>. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">5.1.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All payments of Obligations shall be made without offset, counterclaim
or defense of any kind, free of (and without deduction for) any Taxes, and in immediately available funds, not later than 12:00 noon (Applicable Time Zone) on the due date. Any payment after such time shall be deemed made on the next Business Day.
Any payment of a <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR Loan, a EURIBOR</U></B> Loan or a Canadian BA Rate Loan prior to the end of its Interest Period shall be accompanied by
all amounts due under <B>Section</B><B></B><B>&nbsp;3.9</B>. Any prepayment of Loans by a Borrower Group shall be applied first to U.S. Base Rate Loans, Canadian Base Rate Loans, Canadian Prime Rate Loans, German Base Rate Loans, or
U.K.<B><U>/Dutch</U></B> Base Rate Loans, as applicable, of such Borrower Group and then to <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR Loans, EURIBOR</U></B> Loans or Canadian BA
Rate Loans, as applicable, of such Borrower Group. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">5.1.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All payments
with respect to any U.S. Facility Obligations shall be made in Dollars. All payments with respect to any Canadian Facility Obligations shall be made in Canadian Dollars or, if any portion of such Canadian Facility Obligations is denominated in
Dollars, then in Dollars. All payments with respect to any U.K.<B><U>/Dutch</U></B> Facility Obligations shall be made in British Pounds or, if any portion of such U.K.<B><U>/Dutch</U></B> Facility Obligations is denominated in Euros, then in Euros
or, if any portion of such U.K.<B><U>/Dutch</U></B> Facility Obligations is denominated in Dollars, then in Dollars. All payments with respect to any German Facility Obligations shall be made in Euros or, if any portion of such German Facility
Obligations is denominated in British Pounds, then in British Pounds, if any portion of such German Facility Obligations is denominated in Swiss Francs, then in Swiss Francs, or, if any portion of such German Facility Obligations is denominated in
Dollars, then in Dollars. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>5.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Repayment of Revolver Loans</U>.
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">5.2.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All U.S. Revolver Loans shall be due and payable in full on
the U.S. Revolver Commitment Termination Date, all Canadian Revolver Loans shall be due and payable in full on the Canadian Revolver Commitment Termination Date, all German Revolver Loans shall be due and payable in full on the German Revolver
Commitment Termination Date, and all U.K.<B><U>/Dutch</U></B> Revolver Loans shall be due and payable in full on the U.K.<B><U>/Dutch</U></B> Revolver Commitment Termination Date, in each case unless payment is sooner required hereunder. Revolver
Loans may be prepaid from time to time, without penalty or premium, subject to, in the case of <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>LIBOR</STRIKE></FONT></B><B><U>Term SOFR Loans, EURIBOR</U></B> Loans and Canadian BA
Rate Loans, <B>Section</B><B></B><B>&nbsp;3.9</B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">5.2.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>If any Asset Disposition includes the disposition of Accounts or Inventory of an Obligor, then Net Proceeds equal to the greater of (a)</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;the net book value of such Accounts and Inventory, or (b)</STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;the reduction in the applicable Borrowing Base (</STRIKE></FONT></B><B><I></I></B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>i.e.</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><I></I></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>, the U.S. Borrowing
Base in the case of an Asset Disposition with respect to Accounts or Inventory of the U.S. Borrowers, the Canadian Borrowing Base in the case of an Asset Disposition
with</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;</STRIKE></FONT></B> </FONT></P>
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<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>respect to Accounts or Inventory of the Canadian Borrower, the German Borrowing Base in the case of an Asset Disposition with
respect to Accounts or Inventory of the German Borrower, and the U.K. Borrowing Base in the case of an Asset Disposition with respect to Accounts or Inventory of the U.K. Borrower) upon giving effect to such disposition, shall be applied to the
applicable Revolver Loans (</STRIKE></FONT></B><B><I></I></B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE></STRIKE></B><B><I><STRIKE>i.e</STRIKE></I></B><B><STRIKE>.</STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><B><I></I></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>, the U.S. Revolver Loans in the case of an Asset Disposition of Accounts or Inventory of the U.S. Borrowers, the
Canadian Revolver Loans in the case of an Asset Disposition with respect to the Accounts or Inventory of the Canadian Borrower, the German Revolver Loans in the case of an Asset Disposition with respect to the Accounts or Inventory of the German
Borrower, and the U.K. Revolver Loans in the case of an Asset Disposition with respect to the Accounts or Inventory of the U.K. Borrower)</STRIKE></FONT></B><B><U>[Reserved]</U></B>. </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">5.2.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything herein to the contrary, if an Overadvance
exists (including as a result of any Asset Disposition), the applicable Borrower(s) (<I>i.e.</I>, the U.S. Borrowers in the case of a U.S. Overadvance, the Canadian Borrower in the case of a Canadian Overadvance, the German Borrower in the case of a
German Overadvance, and the U.K.<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch
Borrowers</U></B> in the case of a U.K.<B><U>/Dutch</U></B> Overadvance) shall, on the sooner of Agent&#146;s demand or the first Business Day after any such Borrower has knowledge thereof, repay the outstanding applicable Revolver Loans
(<I>i.e.</I>, the U.S. Revolver Loans in the case of a U.S. Overadvance, the Canadian Revolver Loans in the case of a Canadian Overadvance, the German Revolver Loans in the case of a German Overadvance, and the U.K.<B><U>/Dutch</U></B> Revolver
Loans in the case of a U.K.<B><U>/Dutch</U></B> Overadvance) in an amount sufficient to reduce the principal balance of such Revolver Loans to the applicable Borrowing Base (<I>i.e.</I>, the U.S. Borrowing Base in the case of a U.S. Revolver Loans,
the Canadian Borrowing Base in the case of Canadian Revolver Loans, the German Borrowing Base in the case of German Revolver Loans, and the U.K.<B><U>/Dutch</U></B> Borrowing Base in the case of U.K.<B><U>/Dutch</U></B> Revolver Loans). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE>5.3</STRIKE><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</STRIKE><FONT
STYLE="font-family:Times New Roman"><strike><u>Repayment of Term Loans</u></strike></FONT><STRIKE>.</STRIKE> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE>5.3.1.</STRIKE><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</STRIKE><FONT
STYLE="font-family:Times New Roman"><strike><u>Payment of Principal</u></strike></FONT><STRIKE>. Commencing on the first day of the fiscal quarter immediately following the fiscal quarter ending June 30, 2020 (or the fiscal quarter ending September
30, 2020 if the Term Loan is made after June 30, 2020) (in either case, such month, the </STRIKE><STRIKE>&#147;</STRIKE><FONT STYLE="font-family:Times New Roman"><strike><u>First Term Loan Repayment
Quarter</u></strike></FONT><STRIKE>&#148;</STRIKE><STRIKE>), and on the first day of each fiscal quarter ending after the First Term Loan Repayment Quarter, the principal amount of the Term Loans shall be repaid by an amount equal to $2,500,000. In
addition to the foregoing, on the earlier of the Term Loan Maturity Date and the U.S. Revolver Commitment Termination Date, all principal, interest and other amounts owing with respect to the Term</STRIKE><STRIKE></STRIKE><STRIKE>&nbsp;Loans shall
be due and payable in full. Each installment shall be paid to Agent for the Pro Rata benefit of Lenders. Once repaid, whether such repayment is voluntary or required, Term Loans may not be reborrowed. Any prepayment of Term Loans shall be
accompanied by all interest accrued thereon and any amounts payable under Section</STRIKE><STRIKE></STRIKE><STRIKE>&nbsp;3.9.</STRIKE> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE>5.3.2.</STRIKE><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;
</STRIKE><FONT STYLE="font-family:Times New Roman"><strike><u>Mandatory Prepayments</u></strike></FONT><STRIKE>.</STRIKE> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE>(a)</STRIKE><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</STRIKE><STRIKE>Concurrently with any Asset
Disposition by any U.S. Facility Obligor of any Revolving Real Estate Collateral (as defined in the Intercreditor Agreement) or Intellectual Property (other than Term Loan Priority Intellectual Property, as defined in the Intercreditor Agreement),
U.S. Borrowers shall prepay Term Loans in an amount equal to</STRIKE><STRIKE>&nbsp;</STRIKE> </B></P>
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<STRIKE>the Net Proceeds of such disposition. Any such prepayment of the Term Loans shall be applied to principal in inverse order of maturity.</STRIKE> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>5.3.3.</STRIKE></FONT></B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><strike><u>Optional
Prepayments</u></strike></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>. U.S. Borrowers may, at their option from time to time, prepay Term Loans, which prepayment must be at least $5,000,000, plus any increment of
$1,000,000 in excess thereof. Borrower Agent shall give written notice to Agent of an intended prepayment of Term Loans, which notice shall specify the amount of the prepayment and the date of such prepayment (which must be a Business Day), shall be
irrevocable once given, and shall be given at least 3 Business Days prior to the date of such prepayment. Any such voluntary prepayment of the Term Loans shall be applied to principal in inverse order of maturity</STRIKE></FONT></B> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>5.3</U></B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>[Reserved]</U></B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>5.4</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Payment of Other Obligations</U></B><B>.</B> Obligations other
than Loans, including LC Obligations and Extraordinary Expenses, shall be paid by Borrowers as provided in the Loan Documents or, if no payment date is specified, <B>on demand</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>5.5</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Marshaling; Payments Set Aside</U></B><B>.</B> None of Agent
or Lenders shall be under any obligation to marshal any assets in favor of any Obligor or against any Obligations. If any payment by or on behalf of Borrowers or any other Obligor is made to Agent, any Issuing Bank or any Lender, or Agent, any
Issuing Bank or any Lender exercises a 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 Agent, such Issuing Bank or such Lender in its discretion) to be repaid to a Creditor Representative or any other Person, then to the extent of such recovery, the Obligation originally intended to be satisfied, and all
Liens, rights and remedies relating thereto, shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>5.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Post-Default Allocation of Payments</U>. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">5.6.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Allocation</U>. Notwithstanding anything herein to the contrary,
during an Event of Default, monies to be applied to the Obligations, whether arising from payments by or on behalf of any Obligor, realization on Collateral, setoff or otherwise, shall be allocated as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;with respect to monies, payments, Property or Collateral of or from any
U.S. Domiciled Obligor: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>first</U>, to
all costs and expenses, including Extraordinary Expenses, owing to Agent; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>second</U>, to all Extraordinary Expenses owing
to any U.S. Lender; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>third</U>, to all amounts
owing to Agent on U.S. Swingline Loans; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>fourth</U>, to all amounts owing to U.S. Issuing Bank
on account of U.S. LC Obligations; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>fifth</U>, to all Obligations constituting fees
(other than Secured Bank Product Obligations) owing by any U.S. Domiciled Obligor (exclusive of any such amounts owing by the </P>
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Canadian Domiciled Obligors, the German Domiciled Obligors or U.K.<B><U>/Dutch</U></B> Domiciled Obligors which are guaranteed by the U.S. Domiciled Obligors); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>sixth</U>, to all U.S. Facility Obligations
constituting interest (other than Secured Bank Product Obligations<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;and other than on
account of the Term Loans</STRIKE></FONT></B>) owing by any U.S. Domiciled Obligor (exclusive of any such amounts owing by the Canadian Domiciled Obligors, German Domiciled Obligors or U.K.<B><U>/Dutch</U></B> Domiciled Obligors which are guaranteed
by the U.S. Domiciled Obligors); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>seventh</U>, to
Cash Collateralize the U.S. LC Obligations; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>eighth</U>, to all U.S. Revolver Loans and Noticed
Hedges (solely to the extent such Noticed Hedges were reserved for by Agent under the U.S. Borrowing Base immediately prior to the time of such allocation) of any U.S. Domiciled Obligor, including Cash Collateralization of Noticed Hedges (solely to
the extent such Noticed Hedges were reserved for by Agent under the U.S. Borrowing Base immediately prior to the time of such allocation) of any U.S. Domiciled Obligor; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>ninth</U>, to all other U.S. Facility Obligations
(exclusive of any such amounts owing by the Canadian Domiciled Obligors, German Domiciled Obligors or U.K.<B><U>/Dutch</U></B> Domiciled Obligors which are guaranteed by the U.S. Domiciled Obligors);<B><U> and</U></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(x)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>tenth</U>, ratably: (i)&nbsp;to be applied in
accordance with clause (b)&nbsp;below, to the extent there are insufficient funds for the Full Payment of all Obligations owing by any Canadian Domiciled Obligor, (ii)&nbsp;to be applied in accordance with clause (c)&nbsp;below, to the extent there
are insufficient funds for the Full Payment of all Obligations owing by any U.K.<B><U>/Dutch</U></B> Domiciled Obligor and (iii)&nbsp;to be applied in accordance with clause (d)&nbsp;below, to the extent there are insufficient funds for the Full
Payment of all Obligations owing by any German Domiciled Obligor<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>;</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;</STRIKE></FONT></B>
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE>(xi)</STRIKE></B><B><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</STRIKE></B><B><FONT
STYLE="font-family:Times New Roman"><strike><u>eleventh</u></strike></FONT></B><B><STRIKE>, to all interest owing by any U.S. Domiciled Obligor on account of the Term Loans; and</STRIKE></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>(xii)</STRIKE></FONT></B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;</STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><strike><u>twelfth</u></strike></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>, to all Term
Loans</STRIKE></FONT></B>. </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;with respect to monies, payments,
Property or Collateral of or from any Canadian Domiciled Obligor, together with any allocations pursuant to subclause (x)&nbsp;of clause (a)&nbsp;above, subclause (x)&nbsp;of clause (c)&nbsp;below and subclause (x)&nbsp;of clause (d)&nbsp;below:
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>first</U>, to all costs and expenses,
including Extraordinary Expenses, owing to Agent, to the extent owing by any Canadian Domiciled Obligor; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>second</U>, to all Extraordinary Expenses owing
to any Canadian Lender; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>third</U>, to all
amounts owing to Agent (acting through its Canada branch) on Canadian Swingline Loans; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>fourth</U>, to all amounts owing to the Canadian
Issuing Bank on account of Canadian LC Obligations; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>fifth</U>, to all Canadian Facility Obligations
constituting fees (other than Secured Bank Product Obligations) owing by any Canadian Domiciled Obligor (exclusive of any </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">129 </P>

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such amounts owing by the German Domiciled Obligors or U.K.<B><U>/Dutch</U></B> Domiciled Obligors which are guaranteed by the Canadian Domiciled Obligors); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>sixth</U>, to all Canadian Facility Obligations
constituting interest (other than Secured Bank Product Obligations) owing by any Canadian Domiciled Obligor (exclusive of any such amounts owing by the German Domiciled Obligors or U.K.<B><U>/Dutch</U></B> Domiciled Obligors which are guaranteed by
the Canadian Domiciled Obligors); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>seventh</U>, to Cash
Collateralize the Canadian LC Obligations; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(viii)&nbsp;&nbsp;&nbsp;&nbsp;<U>eighth</U>, to all Canadian
Revolver Loans and Noticed Hedges of any Canadian Domiciled Obligor (solely to the extent such Noticed Hedges were reserved for by Agent under the Canadian Borrowing Base immediately prior to the time of such allocation), including Cash
Collateralization of Noticed Hedges (solely to the extent such Noticed Hedges were reserved for by Agent under the Canadian Borrowing Base immediately prior to the time of such allocation) of any Canadian Domiciled Obligor; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>ninth</U>, to all other Canadian Facility Obligations (exclusive
of any such amounts owing by the German Domiciled Obligors or U.K.<B><U>/Dutch</U></B> Domiciled Obligors which are guaranteed by the Canadian Domiciled Obligors); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(x)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>tenth</U>, ratably: (i)&nbsp;to be applied in
accordance with clause (c)&nbsp;below, to the extent there are insufficient funds for the Full Payment of all Obligations owing by any U.K.<B><U>/Dutch</U></B> Domiciled Obligor and (ii)&nbsp;to be applied in accordance with clause (d)&nbsp;below,
to the extent there are insufficient funds for the Full Payment of all Obligations owing by any German Domiciled Obligor. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;with respect to monies, payments, Property or Collateral of or from any
U.K.<B><U>/Dutch</U></B> Domiciled Obligor, together with any allocations pursuant to subclause (x)&nbsp;of clause (a)&nbsp;above, subclause (x)&nbsp;of clause (b)&nbsp;above and subclause (x)&nbsp;of clause (d)&nbsp;below: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>first</U>, to all costs and expenses,
including Extraordinary Expenses, owing to Agent, to the extent owing by any U.K.<B><U>/Dutch</U></B> Domiciled Obligor; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>second</U>, to all Extraordinary Expenses owing
to any U.K.<B><U>/Dutch</U></B> Lender; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>third</U>, to all amounts owing to Agent on
U.K.<B><U>/Dutch</U></B> Swingline Loans; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>fourth</U>, to all amounts owing to the
U.K.<B><U>/Dutch</U></B> Issuing Bank on account of U.K.<B><U>/Dutch</U></B> LC Obligations; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>fifth</U>, to all U.K.<B><U>/Dutch</U></B>
Facility Obligations constituting fees (other than Secured Bank Product Obligations) owing by any U.K.<B><U>/Dutch</U></B> Domiciled Obligor (exclusive of any such amounts owing by the Canadian Domiciled Obligors or German Domiciled Obligors which
are guaranteed by the U.K.<B><U>/Dutch</U></B> Domiciled Obligors); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>sixth</U>, to all U.K.<B><U>/Dutch</U></B> Facility
Obligations constituting interest (other than Secured Bank Product Obligations) owing by any U.K.<B><U>/Dutch</U></B> Domiciled Obligor (exclusive of any such amounts owing by the Canadian Domiciled Obligors or German Domiciled Obligors which are
guaranteed by the U.K.<B><U>/Dutch</U></B> Domiciled Obligors); </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">130 </P>

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<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>seventh</U>, to Cash Collateralize the
U.K.<B><U>/Dutch</U></B> LC Obligations; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>eighth</U>, to all
U.K.<B><U>/Dutch</U></B> Revolver Loans and Noticed Hedges of any U.K.<B><U>/Dutch</U></B> Domiciled Obligor (solely to the extent such Noticed Hedges were reserved for by Agent under the U.K.<B><U>/Dutch</U></B> Borrowing Base immediately prior to
the time of such allocation), including Cash Collateralization of Noticed Hedges (solely to the extent such Noticed Hedges were reserved for by Agent under the U.K.<B><U>/Dutch</U></B> Borrowing Base immediately prior to the time of such allocation)
of any U.K.<B><U>/Dutch</U></B> Domiciled Obligor; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>ninth</U>, to all other U.K.<B><U>/Dutch</U></B>
Facility Obligations (exclusive of any such amounts owing by the Canadian Domiciled Obligors or German Domiciled Obligors which are guaranteed by the U.K.<B><U>/Dutch</U></B> Domiciled Obligors); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(x)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>tenth</U>, ratably: (i)&nbsp;to be applied in
accordance with clause (b)&nbsp;above, to the extent there are insufficient funds for the Full Payment of all Obligations owing by any Canadian Domiciled Obligor and (ii)&nbsp;to be applied in accordance with clause (d)&nbsp;below, to the extent
there are insufficient funds for the Full Payment of all Obligations owing by any German Domiciled Obligor. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;with respect to monies, payments, Property or Collateral of or from any
German Domiciled Obligor, together with any allocations pursuant to subclause (x)&nbsp;of clause (a)&nbsp;above, subclause (x)&nbsp;of clause (b)&nbsp;above and subclause (x)&nbsp;of clause (c)&nbsp;above: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>first</U>, to all costs and expenses, including
Extraordinary Expenses, owing to Agent, to the extent owing by any German Domiciled Obligor; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>second</U>, to all Extraordinary Expenses owing to any
German Lender; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>third</U>, to all amounts owing
to Agent on German Swingline Loans; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>fourth</U>,
to all amounts owing to the German Issuing Bank on account of German LC Obligations; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>fifth</U>, to all German Facility Obligations
constituting fees (other than Secured Bank Product Obligations) owing by any German Domiciled Obligor (exclusive of any such amounts owing by the Canadian Domiciled Obligors or U.K.<B><U>/Dutch</U></B> Domiciled Obligors which are guaranteed by the
German Domiciled Obligors); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>sixth</U>, to all
German Facility Obligations constituting interest (other than Secured Bank Product Obligations) owing by any German Domiciled Obligor (exclusive of any such amounts owing by the Canadian Domiciled Obligors or U.K.<B><U>/Dutch</U></B> Domiciled
Obligors which are guaranteed by the German Domiciled Obligors); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>seventh</U>, to Cash Collateralize the German LC
Obligations; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>eighth</U>, to all German Revolver
Loans and Noticed Hedges of any German Domiciled Obligor (solely to the extent such Noticed Hedges were reserved for by Agent under the German Borrowing Base immediately prior to the time of such allocation), including Cash Collateralization of
Noticed Hedges (solely to the extent such Noticed Hedges were reserved for by Agent under the German Borrowing Base immediately prior to the time of such allocation) of any German Domiciled Obligor; </P>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>ninth</U>, to all other German Facility Obligations
(exclusive of any such amounts owing by the Canadian Domiciled Obligors or U.K.<B><U>/Dutch</U></B> Domiciled Obligors which are guaranteed by the German Domiciled Obligors); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(x)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>tenth</U>, ratably: (i)&nbsp;to be applied in
accordance with clause (b)&nbsp;above, to the extent there are insufficient funds for the Full Payment of all Obligations owing by any Canadian Domiciled Obligor and (ii)&nbsp;to be applied in accordance with clause (c)&nbsp;above, to the extent
there are insufficient funds for the Full Payment of all Obligations owing by any U.K.<B><U>/Dutch</U></B> Domiciled Obligor. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">5.6.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>General Application Provisions</U>. Amounts shall be applied to each
category of Obligations set forth above until Full Payment thereof and then to the next category. If amounts are insufficient to satisfy a category, they shall be applied on a pro rata basis among the Obligations in the category. Amounts distributed
with respect to any Secured Bank Product Obligations shall be the lesser of the maximum Secured Bank Product Obligations last reported to Agent or the actual Secured Bank Product Obligations as calculated by the methodology reported to Agent for
determining the amount due. Monies and proceeds obtained from an Obligor shall not be applied to its Excluded Swap Obligations, but appropriate adjustments shall be made with respect to amounts obtained from other Obligors to preserve the
allocations in any applicable category. Agent shall have no obligation to calculate the amount to be distributed with respect to any Secured Bank Product Obligations, and may request a reasonably detailed calculation of such amount from the
applicable Secured Party. If a Secured Party fails to deliver such calculation within five days following request by Agent, Agent may assume the amount to be distributed is the last reported amount. The allocations set forth in this Section are
solely to determine the rights and priorities of Agent and Secured Parties as among themselves, and may be changed by agreement among them without the consent of any Obligor. This Section is not for the benefit of or enforceable by any Borrower.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">5.6.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Erroneous Application</U>. Agent shall not be liable for any
application of amounts made by it in good faith and, if any such application is subsequently determined to have been made in error, the sole recourse of any Lender or other Person to which such amount should have been made shall be to recover the
amount from the Person that actually received it (and, if such amount was received by any Lender, such Lender hereby agrees to return it). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>5.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Application of Payments</U>. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">5.7.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Dominion Account(s) of U.S. Borrowers</U>. The ledger balance in the
main Dominion Account of the U.S. Borrowers as of the end of a Business Day shall be applied to the<B><U> U.S. Facility</U></B> Obligations of the U.S. Borrowers at the beginning of the next Business Day, during any Dominion Trigger Period. If, at
the end of a Business Day, after giving effect to such application, if any, a credit balance exists, the balance shall not accrue interest in favor of the U.S. Borrowers and shall be made available to the U.S. Borrowers as long as the Obligations
have not been accelerated on account of an Event of Default. During any Dominion Trigger Period, each U.S. Borrower and <B><U>each </U></B>other <B><U>U.S. Facility </U></B>Obligor irrevocably <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>waive</STRIKE></FONT></B><B><U>waives</U></B> the right to direct the application of any payments or Collateral proceeds, and
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>agree</STRIKE></FONT></B><B><U>agrees</U></B> that Agent shall have the continuing, exclusive right to apply and reapply same against the<B><U> U.S. Facility</U></B> Obligations,
in such manner as Agent deems advisable. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">5.7.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Dominion Account(s) of
Canadian Borrower</U>. The ledger balance in the main Dominion Account of the Canadian Borrower as of the end of a Business Day shall be applied to the<B><U> Canadian Facility</U></B> Obligations of the Canadian Borrower at the beginning of the next
Business Day, during any Dominion Trigger Period. If, at the end of a Business Day, after giving effect to such application, if any, a credit balance exists, the balance shall not accrue interest in favor of the Canadian Borrower and
</P>
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shall be made available to the Canadian Borrower as long as the Obligations have not been accelerated on account of an Event of Default. During any Dominion Trigger Period, the Canadian Borrower
and each other <B><U>Canadian Facility </U></B>Obligor irrevocably <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>waive</STRIKE></FONT></B><B><U>waives</U></B> the right to direct the application of any payments or Collateral
proceeds, and <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>agree</STRIKE></FONT></B><B><U>agrees</U></B> that Agent shall have the continuing, exclusive right to apply and reapply same against the<B><U> Canadian
Facility</U></B> Obligations, in such manner as Agent deems advisable. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">5.7.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Dominion Account(s) of U.K. Borrower</U>. The ledger balance in the
main Dominion Account of the U.K. Borrower as of the end of a Business Day occurring on and after the Closing Date shall be applied to the<B><U> U.K./Dutch Facility</U></B> Obligations of the U.K.<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B> at the beginning of the next
Business Day. If, at the end of a Business Day occurring after the Closing Date, after giving effect to such application, if any, a credit balance exists, the balance shall not accrue interest in favor of the U.K. Borrower and shall be made
available to the U.K. Borrower as long as the Obligations have not been accelerated on account of an Event of Default and in any event subject to the terms of the U.K. Security Agreements. The U.K. Borrower and each other <B><U>U.K./Dutch Facility
</U></B>Obligor irrevocably <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>waive</STRIKE></FONT></B><B><U>waives</U></B> the right to direct the application of any payments or Collateral proceeds, and <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>agree</STRIKE></FONT></B><B><U>agrees</U></B> that Agent shall have the continuing, exclusive right to apply and reapply same against the <B><U>U.K./Dutch Facility </U></B>Obligations, in
such manner as Agent deems advisable.<U> </U> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">5.7.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Dominion
Account(s) of German Borrower</U>. <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>Commencing 90 days after the Closing
Date</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;(or such later date as Agent may approve in its sole
discretion)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>,</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;the</STRIKE></FONT></B><B><U>The</U></B> ledger balance in the main Dominion Account of the German Borrower as of the end of a Business Day shall be applied to the<B><U> German
Facility</U></B> Obligations of the German Borrower at the beginning of the next Business Day, during any Dominion Trigger Period. If, at the end of a Business Day, after giving effect to such application, if any, a credit balance exists, the
balance shall not accrue interest in favor of the German Borrower and shall be made available to the German Borrower as long as the Obligations have not been accelerated on account of an Event of Default. During any Dominion Trigger Period, the
German Borrower and each other <B><U>German Facility </U></B>Obligor irrevocably <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>waive</STRIKE></FONT></B><B><U>waives</U></B> the right to direct the application of any payments
or Collateral proceeds, and <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>agree</STRIKE></FONT></B><B><U>agrees</U></B> that Agent shall have the continuing, exclusive right to apply and reapply same against the<B><U> German
Facility</U></B> Obligations, in such manner as Agent deems advisable. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>5.7.5.</U></B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Dominion Account(s) of the Dutch Borrower. The
ledger balance in the main Dominion Account of the Dutch Borrower as of the end of a Business Day shall be applied to the U.K./Dutch Facility Obligations of the U.K./Dutch Borrowers at the beginning of the next Business Day, during any Dominion
Trigger Period. If, at the end of a Business Day, after giving effect to such application, if any, a credit balance exists, the balance shall not accrue interest in favor of the Dutch Borrower and shall be made available to the Dutch Borrower as
long as the Obligations have not been accelerated on account of an Event of Default. During any Dominion Trigger Period, the Dutch Borrower and each other U.K./Dutch Facility Obligor irrevocably waives the right to direct the application of any
payments or Collateral proceeds, and agrees that Agent shall have the continuing, exclusive right to apply and reapply same against the U.K./Dutch Facility Obligations, in such manner as Agent deems advisable.</U></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>5.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Loan Account; Account Stated</U>. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">5.8.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Loan Account</U>. Agent shall maintain, in accordance with its usual
and customary practices, an account or accounts (&#147;<U>Loan Account</U>&#148;) evidencing the Debt of each of the Borrower(s) within each Borrower Group resulting from each Loan made to such Borrower Group or issuance of a Letter of Credit for
the account of such Borrower(s) from time to time. Any failure of Agent to record anything in </P>
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any Loan Account, or any error in doing so, shall not limit or otherwise affect the obligations of the applicable Borrower(s) to pay any amount owing hereunder. Agent may maintain a single Loan
Account in the name of the Borrower Agent, and each Borrower and other Obligor confirms that such arrangement shall have no effect on the joint and several character of its liability for the Obligations as and to the extent provided herein or in the
other Loan Documents. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">5.8.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Entries Binding</U>. Entries made in any
Loan Account shall constitute presumptive evidence of the information contained therein. If any information contained in the Loan Account is provided to or inspected by any Person, then such information shall be conclusive and binding on such Person
for all purposes absent manifest error, except to the extent such Person notifies Agent in writing within 30 days after receipt or inspection that specific information is subject to dispute. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>5.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Taxes</U>.</B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">5.9.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Payments Free of Taxes</U>. All payments by or on behalf of any
Obligor hereunder shall be free and clear of and without withholding or deduction for any Taxes. If Applicable Law requires any Obligor or Agent to withhold or deduct any Tax (including backup withholding or withholding Tax), the withholding or
deduction shall be based on information provided pursuant to <B>Section</B><B></B><B>&nbsp;5.10</B> and Agent shall pay the amount withheld or deducted to the relevant Governmental Authority. If the withholding or deduction is made on account of
Indemnified Taxes or Other Taxes, the sum payable by the applicable Borrowers or other Obligors shall be increased so that Agent, each Lender and each Issuing Bank, as applicable, receives an amount equal to the sum it would have received if no such
withholding or deduction (including withholdings or deductions applicable to additional sums payable under this Section) had been made. In addition, Borrowers and the other Obligors shall timely pay all Other Taxes to the relevant Governmental
Authorities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">5.9.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Payments Free of Tax by the U.K. Borrower</U>.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Payments Free of Tax</U>. A payment by the U.K. Borrower under
this Agreement shall not be increased under <B>Section</B><B></B><B>&nbsp;5.9.1</B> above by reason of a withholding or deduction on account of Tax imposed by the United Kingdom (&#147;<U>Tax Deduction</U>&#148;), if on the date on which the payment
falls due: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the payment could have been made to the
relevant Lender without a Tax Deduction if the Lender had been a U.K. Qualified Lender, but on that date that Lender is not or has ceased to be a U.K. Qualified Lender other than as a result of any change after the date it became a Lender under this
Agreement in (or in the interpretation, administration, or application of) any law or Treaty or any published practice or published concession of any relevant taxing authority; or </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the relevant Lender is a U.K. Qualified Lender solely by
virtue of paragraph (i)(B) of the definition of U.K. Qualified Lender; and (A)&nbsp;an officer of H.M. Revenue&nbsp;&amp; Customs has given (and not revoked) a direction (a &#147;<U>Direction</U>&#148;) under section 931 of ITA which relates to the
payment and that Lender has received from the U.K. Borrower making the payment a certified copy of that Direction; and (B)&nbsp;the payment could have been made to the Lender without any Tax Deduction if that Direction had not been made; or </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Lender is a U.K. Qualified Lender solely by virtue of paragraph
(i)(B) of the definition of U.K. Qualified Lender and (A)&nbsp;the Lender has not given a U.K. Tax Confirmation to the U.K. Borrower; and (B)&nbsp;the payment could have been made to the Lender without any Tax Deduction if the Lender had given a
U.K. Tax Confirmation to the U.K. Borrower, on the basis that the U.K. Tax Confirmation would have enabled the U.K. Borrower to have formed </P>
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a reasonable belief that the payment was an <B>&#147;excepted payment&#148;</B> for the purposes of Section&nbsp;930 of ITA; or </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the relevant Lender is a Treaty Lender and the U.K.
Borrower making the payment is able to demonstrate that the payment could have been made to the Lender without the Tax Deduction had that Lender complied with its obligations under <B>Section</B><B></B><B>&nbsp;5.9.2(d)</B> below. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Timing and Amount</U>. If the U.K. Borrower is required to make a Tax
Deduction, the U.K. Borrower shall make that Tax Deduction and any payment required in connection with that Tax Deduction within the time allowed and in the minimum amount required by law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Evidence of Payment</U>. Within 30 days of making either a Tax
Deduction or any payment required in connection with that Tax Deduction, the U.K. Borrower shall deliver to the Agent for the Lender or the Agent entitled to the payment a statement under Section&nbsp;975 of ITA or other evidence reasonably
satisfactory to that Lender or the Agent that the Tax Deduction has been made or (as applicable) any appropriate payment paid to the relevant taxing authority. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U><FONT STYLE="white-space:nowrap">Co-operation</FONT> between a Treaty
Lender and the U.K. Borrower</U>. A Treaty Lender and the U.K. Borrower making a payment to which that Treaty Lender is entitled shall <FONT STYLE="white-space:nowrap">co-operate</FONT> in completing any procedural formalities necessary for U.K.
Borrower to obtain authorization to make that payment without a Tax Deduction. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Exceptions</U>. Nothing in <B>Section</B><B></B><B>&nbsp;5.9.2(d)</B>
above shall require a Treaty Lender to: (a)&nbsp;register under the HMRC DT Treaty Passport scheme; (b)&nbsp;apply the HMRC DT Treaty Passport scheme to any Loan if it has so registered; or (c)&nbsp;file Treaty forms if it has included an indication
to the effect that it wishes the HMRC DT Treaty Passport scheme to apply to this Agreement in accordance with <B>Section</B><B></B><B>&nbsp;5.9.2(h)</B> below or <B>Section</B><B></B><B>&nbsp;5.9.2(o)</B> below and the Obligor making that payment
has complied with its obligations under <B>Section</B><B></B><B>&nbsp;5.9.2(i)</B> below or <B>Section</B><B></B><B>&nbsp;5.9.2(p)</B> below. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Existing Lenders</U>. A U.K.
<FONT STYLE="white-space:nowrap">Non-Bank</FONT> Lender which becomes a Lender on the day on which this Agreement is entered into gives a U.K. Tax Confirmation to the U.K. Borrower by entering into this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notice</U>. A U.K. <FONT STYLE="white-space:nowrap">Non-Bank</FONT>
Lender shall promptly notify the U.K. Borrower and the Agent if there is any change in the position from that set out in the U.K. Tax Confirmation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>HMRC DT Treaty Passport schemes</U>. A Treaty Lender which becomes a
party to this Agreement on the day on which this Agreement is entered into that holds a passport under the HMRC DT Treaty Passport scheme, and which then wishes that scheme to apply to this Agreement, shall include an indication to that effect (for
the benefit of the Agent and without liability to any Obligor) by including its scheme reference number and its jurisdiction of tax residence opposite its name in <B>Schedule 5.9.9</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Form DTTP2</U>. Where a Lender includes the indication described in
<B>Section</B><B></B><B>&nbsp;5.9.2(h)</B> above in <B>Schedule 5.9.9</B>, the U.K. Borrower shall, to the extent that such Lender is a Lender under the facilities made available to the U.K. Borrower pursuant to <B>Section</B><B></B><B>&nbsp;2.1</B>
or <B>Section</B><B></B><B>&nbsp;2.2</B>, file a duly completed form DTTP2 in respect of such Lender with HM Revenue&nbsp;&amp; Customs within 30 days of the date of this Agreement and shall promptly provide such Lender with a copy of that filing.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No Filings</U>. If a Lender has not included an indication to the
effect that it wishes the HMRC DT Treaty Passport scheme to apply to this Agreement in accordance with <B>Section</B><B></B><B>&nbsp;5.9.2(h)</B> above or <B>Section</B><B></B><B>&nbsp;5.9.2(o)</B> below, no Obligor shall file a form DTTP2 or any
other form relating to the </P>
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HMRC DT Treaty Passport scheme in respect of that Lender&#146;s commitment(s) or its participation in any facility made available under this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Payment</U>. Obligors shall indemnify, hold harmless and reimburse
(within 10 days after demand therefor) Agent, Lenders and Issuing Banks for any Indemnified Taxes or Other Taxes (including those attributable to amounts payable under this Section) paid by Agent, any Lender or any Issuing Bank, with respect to any
Obligations of such Borrower&#146;s Borrower Group, Letters of Credit of such Borrower&#146;s Borrower Group or Loan Documents, whether or not such Taxes were properly asserted by the relevant Governmental Authority, and including all penalties,
interest and reasonable expenses relating thereto, as well as any amount that a Lender or an Issuing Bank fails to pay indefeasibly to Agent under <B>Section</B><B></B><B>&nbsp;5.10</B>. A certificate as to the amount of any such payment or
liability delivered to Borrower Agent by Agent, or by a Lender or an Issuing Bank (with a copy to Agent), shall be conclusive, absent manifest error. As soon as practicable after any payment of Taxes by any Obligor, Borrower Agent shall deliver to
Agent a receipt from the Governmental Authority or other evidence of payment satisfactory to Agent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Payment by the U.K. Borrower</U>.
<B>Section</B><B></B><B>&nbsp;5.9.2(k)</B> shall not apply: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;with respect to any Tax assessed on a Lender or the Agent:
(A)&nbsp;under the law of the jurisdiction in which that Lender or the Agent is incorporated or, if different, the jurisdiction (or jurisdictions) in which that Lender or the Agent is treated as resident for tax purposes or (B)&nbsp;under the law of
the jurisdiction in which that Lender&#146;s or the Agent&#146;s lending office is located in respect of amounts received or receivable in that jurisdiction, if that Tax is imposed on or calculated by reference to the net income received or
receivable (but not any sum deemed to be received or receivable) by that Lender or the Agent; or </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to the extent a loss, liability or cost: (A)&nbsp;is
compensated for by an increased payment under <B>Section</B><B></B><B>&nbsp;5.9.1</B> or (B)&nbsp;would have been compensated for by an increased payment under <B>Section</B><B></B><B>&nbsp;5.9.1</B> but was not so compensated solely because one of
the exclusions in <B>Section</B><B></B><B>&nbsp;5.9.2(a)</B> applied. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Tax Credit</U>. If the U.K. Borrower makes a payment under
<B>Section</B><B></B><B>&nbsp;5.9.1</B> or <B>Section</B><B></B><B>&nbsp;5.9.2(k)</B> (a &#147;<B>U.K. Tax Payment</B>&#148;) and either a Lender or the Agent determines that (i)&nbsp;a Tax Credit is attributable either to an increased payment of
which that U.K. Tax Payment forms part, or to that U.K. Tax Payment and (ii)&nbsp;that Lender or the Agent has obtained, utilized and retained that Tax Credit, that Lender or the Agent shall pay an amount to the U.K. Borrower which that Lender or
the Agent determines will leave it (after that payment) in the same <FONT STYLE="white-space:nowrap">after-Tax</FONT> position as it would have been in had the U.K. Tax Payment not been required to be made by the U.K. Borrower. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>New Lenders</U>. Each Lender which becomes a party to this Agreement in
the capacity of a U.K.<B><U>/Dutch</U></B> Lender after the date of this Agreement (&#147;<B>New Lender</B>&#148;) shall indicate, at the time it becomes a New Lender, on and for the benefit of the Agent and without liability to the U.K. Borrower,
which of the following categories it falls in (i)&nbsp;not a U.K. Qualified Lender; (ii)&nbsp;a U.K. Qualified Lender (other than a Treaty Lender); or (iii)&nbsp;a Treaty Lender. If a New Lender fails to indicate its status in accordance with this
<B>Section</B><B></B><B>&nbsp;5.9.2(n)</B> then such New Lender shall be treated for the purposes of this Agreement (including by each Obligor) as if it is not a U.K. Qualified Lender until such time as it notifies the Agent which category applies
(and the Agent, upon receipt of such notification, shall inform the U.K. Borrower). For the avoidance of doubt, an assignment in accordance with <B>Section</B><B></B><B>&nbsp;13.3</B> shall not be invalidated by any failure of a New Lender to comply
with this <B>Section</B><B></B><B>&nbsp;5.9.2(n)</B>. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(o)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>HMRC DT Treaty
Passport schemes &#150; New Lenders</U>. A New Lender that is a Treaty Lender that holds a passport under the HMRC DT Treaty Passport scheme, and which then wishes that scheme to apply to this Agreement, shall include an indication to that effect
(for the benefit of the Agent and without liability to any Obligor) in the assignment notice which it executes pursuant to, or in connection with, <B>Section</B><B></B><B>&nbsp;13.3</B> below by including its scheme reference number and its
jurisdiction of tax residence in that assignment notice. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(p)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Form
DTTP2 &#150; New Lenders</U>. Where a New Lender includes the indication described in <B>Section</B><B></B><B>&nbsp;5.9.2(o)</B> above in the relevant assignment notice the U.K. Borrower shall, to the extent that that New Lender becomes a Lender
under a facility which is made available to the U.K. Borrower pursuant to pursuant to <B>Section</B><B></B><B>&nbsp;2.1</B> or <B>Section</B><B></B><B>&nbsp;2.2</B>, file a duly completed form DTTP2 in respect of such Lender with HM
Revenue&nbsp;&amp; Customs within 30 days of the date of that assignment and shall promptly provide the Lender with a copy of that filing. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">5.9.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>FATCA Grandfathering</U>. For purposes of determining withholding
Taxes imposed under FATCA, from and after the Third Amended Original Closing Date, the Borrowers and the Agent shall treat (and the Lenders hereby authorize the Agent to treat) this Agreement as not qualifying as a &#147;grandfathered
obligation&#148; within the meaning of Treasury Regulation <FONT STYLE="white-space:nowrap">Section&nbsp;1.1471-2(b)(2)(i).</FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>5.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Lender Tax Information</U>. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">5.10.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Status of Lenders</U>. Each Lender shall deliver documentation and
information to Agent and Borrower Agent, at the times and in form required by Applicable Law or reasonably requested by Agent or Borrower Agent, sufficient to permit Agent or Borrowers to determine (a)&nbsp;whether or not payments made with respect
to Obligations are subject to Taxes, (b)&nbsp;if applicable, the required rate of withholding or deduction, and (c)&nbsp;such Lender&#146;s entitlement to any available exemption from, or reduction of, applicable Taxes for such payments or otherwise
to establish such Lender&#146;s status for withholding tax purposes in the applicable jurisdiction. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">5.10.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Documentation</U>. If a Borrower is resident for tax purposes in
the United States, any Lender that is a &#147;United States person&#148; within the meaning of section 7701(a)(30) of the Code shall deliver to Agent and Borrower Agent IRS Form <FONT STYLE="white-space:nowrap">W-9</FONT> or such other documentation
or information prescribed by Applicable Law or reasonably requested by Agent or Borrower Agent to determine whether such Lender is subject to backup withholding or information reporting requirements. If any Foreign Lender is entitled to any
exemption from or reduction of withholding tax for payments with respect to the U.S. Facility Obligations, it shall deliver to Agent and Borrower Agent, on or prior to the date on which it becomes a Lender hereunder (and from time to time thereafter
upon request by Agent or Borrower Agent, but only if such Foreign Lender is legally entitled to do so), (a) IRS Form <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">W-8BEN-E</FONT></FONT> claiming eligibility for benefits of an
income tax treaty to which the United States is a party; (b)&nbsp;IRS Form <FONT STYLE="white-space:nowrap">W-8ECI;</FONT> (c)&nbsp;IRS Form <FONT STYLE="white-space:nowrap">W-8IMY</FONT> and all required supporting documentation; (d)&nbsp;in the
case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under section 881(c) of the Code, IRS Form <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">W-8BEN-E</FONT></FONT> and a certificate showing such
Foreign Lender is not (i)&nbsp;a &#147;bank&#148; within the meaning of section 881(c)(3)(A) of the Code, (ii)&nbsp;a &#147;10&nbsp;percent shareholder&#148; of any Obligor within the meaning of section 881(c)(3)(B) of the Code, or (iii)&nbsp;a
&#147;controlled foreign corporation&#148; described in section 881(c)(3)(C) of the Code; or (e)&nbsp;any other form prescribed by Applicable Law as a basis for claiming exemption from or a reduction in withholding tax, together with such
supplementary documentation necessary to allow Agent and Borrowers to determine the withholding or deduction required to be made. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">5.10.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Lender Obligations</U>. Each Lender and each Issuing Bank shall
promptly notify Borrower Agent and Agent of any change in circumstances that would change any claimed Tax exemption or reduction. Each Lender and each Issuing Bank, in each case severally and not jointly with the other
</P>
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Lenders and/or applicable Issuing Bank, shall indemnify, hold harmless and reimburse (within 10 days after demand therefor) the affected Borrower to which such Lender or such Issuing Bank (as
applicable) has issued a Commitment and Agent for any Taxes, losses, claims, liabilities, penalties, interest and expenses (including reasonable attorneys&#146; fees) incurred by or asserted against such affected Borrower or Agent by any
Governmental Authority due to such Lender&#146;s or such Issuing Bank&#146;s failure to deliver, or inaccuracy or deficiency in, any documentation required to be delivered by it pursuant to this Section. Each Lender and each Issuing Bank authorizes
Agent to set off any amounts due to Agent under this Section against any amounts payable to such Lender or such Issuing Bank under any Loan Document. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>5.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Guarantee by Obligors.</U> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">5.11.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Guarantee by U.S. Domiciled Obligors</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Joint and Several Liability</U>. Each U.S. Domiciled Obligor agrees
that it is jointly and severally liable for, and absolutely and unconditionally guarantees to the Secured Parties the prompt payment and performance of, all Obligations and all agreements of each other Obligor under the Loan Documents, except its
Excluded Swap Obligations, and that it is a U.S. Facility Guarantor, a Canadian Facility Guarantor, a German Facility Guarantor, and a U.K.<B><U>/Dutch</U></B> Facility Guarantor hereunder. Each U.S. Domiciled Obligor agrees that its guaranty or
guarantee of obligations as a U.S. Facility Guarantor, a Canadian Facility Guarantor, a German Facility Guarantor, and a U.K.<B><U>/Dutch</U></B> Facility Guarantor hereunder, as applicable, constitute a continuing guaranty or guarantee of payment
and not of collection, that such obligations shall not be discharged until Full Payment of all Obligations, and that such obligations are absolute and unconditional, irrespective of (a)&nbsp;the genuineness, validity, regularity, enforceability,
subordination or any future modification of, or change in, any Obligations or Loan Document, or any other document, instrument or agreement to which any Obligor is or may become a party or be bound; (b)&nbsp;the absence of any action to enforce this
Agreement (including this Section) or any other Loan Document, or any waiver, consent or indulgence of any kind by any Secured Party with respect thereto; (c)&nbsp;the existence, value or condition of, or failure to perfect a Lien or to preserve
rights against, any security or guaranty or guarantee for the Obligations or any action, or the absence of any action, by any Secured Party in respect thereof (including the release of any security or guaranty or guarantee); (d) the insolvency of
any Obligor; (e)&nbsp;any election by Agent or any Lender in an Insolvency Proceeding for the application of Section&nbsp;1111(b)(2) of the U.S. Bankruptcy Code or similar provision of other Applicable Law; (f)&nbsp;any borrowing or grant of a Lien
by any other Obligor, as <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">debtor-in-possession</FONT></FONT> under Section&nbsp;364 of the U.S. Bankruptcy Code, under other Applicable Law or otherwise; (g)&nbsp;the disallowance of
any claims of any Secured Party against any Obligor for the repayment of any Obligations under Section&nbsp;502 of the U.S. Bankruptcy Code, under other Applicable Law or otherwise; (h)&nbsp;any other insolvency, debtor relief or debt adjustment law
(whether state, provincial, federal or foreign, including the Bankruptcy and Insolvency Act (Canada), the Companies&#146; Creditors Arrangement Act (Canada), and the Insolvency Act 1986 of the United Kingdom and the Enterprise Act 2002 of the United
Kingdom); (i) any change in the ownership, control, name, objects, businesses, assets, capital structure or constitution of any Obligor or any other person; (j)&nbsp;any merger, amalgamation or consolidation of any Obligor with any person or
persons; (k)&nbsp;the occurrence of any change in the laws, rules, regulations or ordinances of any jurisdiction or by any present or future action of any governmental body or court amending, varying, reducing or otherwise affecting, or purporting
to amend, vary, reduce or otherwise affect, any of the Obligations under the Loan Documents; (l)&nbsp;the existence of any claim, <FONT STYLE="white-space:nowrap">set-off,</FONT> compensation or other rights which any Obligor may have at any time
against any other Obligor or any other person, or which any Obligor may have at any time against the Secured Parties, whether in connection with the Loan Documents or otherwise; or (m)&nbsp;any other action or circumstances that might otherwise
constitute a legal or equitable discharge or defense of a surety or guarantor, except Full Payment of all Obligations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Waivers</U>. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">138 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
U.S. Domiciled Obligor expressly waives all rights that it may have now or in the future under any statute, at common law, in equity or otherwise, to compel Agent or Lenders to marshal assets or to proceed against any Obligor, other Person or
security for the payment or performance of any Obligations before, or as a condition to, proceeding against such Obligor. Each U.S. Domiciled Obligor waives all defenses available to a surety, guarantor or accommodation <FONT
STYLE="white-space:nowrap">co-obligor</FONT> other than Full Payment of all Obligations. It is agreed among each U.S. Domiciled Obligor, Agent and Lenders that the provisions of this <B>Section</B><B></B><B>&nbsp;5.11</B> are of the essence of the
transaction contemplated by the Loan Documents and that, but for such provisions, Agent and Lenders would decline to make Loans and issue Letters of Credit. Each U.S. Domiciled Obligor acknowledges that its guaranty pursuant to this Section is
necessary to the conduct and promotion of its business, and can be expected to benefit such business. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agent and Lenders may, in their discretion, pursue such
rights and remedies as they deem appropriate, including realization upon Collateral (including any Real Estate owned by any Obligor) by judicial foreclosure or <FONT STYLE="white-space:nowrap">non-judicial</FONT> sale or enforcement, without
affecting any rights and remedies under this <B>Section</B><B></B><B>&nbsp;5.11</B>. If, in taking any action in connection with the exercise of any rights or remedies, Agent or any Lender shall forfeit any other rights or remedies, including the
right to enter a deficiency judgment against any U.S. Domiciled Obligor or other Person, whether because of any Applicable Laws pertaining to &#147;election of remedies&#148; or otherwise, each U.S. Domiciled Obligor consents to such action and
waives any claim based upon it, even if the action may result in loss of any rights of subrogation that any U.S. Domiciled Obligor might otherwise have had. Any election of remedies that results in denial or impairment of the right of Agent or any
Lender to seek a deficiency judgment against any U.S. Domiciled Obligor shall not impair any other U.S. Domiciled Obligor&#146;s obligation to pay the full amount of the Obligations. Each U.S. Domiciled Obligor waives all rights and defenses arising
out of an election of remedies, such as nonjudicial foreclosure with respect to any security for the Obligations, even though that election of remedies destroys such U.S. Domiciled Obligor&#146;s rights of subrogation against any other Person. Agent
may bid all or a portion of the Obligations at any foreclosure or trustee&#146;s sale or at any private sale, and the amount of such bid need not be paid by Agent but shall be credited against the Obligations. The amount of the successful bid at any
such sale, whether Agent or any other Person is the successful bidder, shall be conclusively deemed to be the fair market value of the Collateral, and the difference between such bid amount and the remaining balance of the<B><U> applicable</U></B>
Obligations shall be conclusively deemed to be the amount of the<B><U> applicable</U></B> Obligations guaranteed under this <B>Section</B><B></B><B>&nbsp;5.11</B>, notwithstanding that any present or future law or court decision may have the effect
of reducing the amount of any deficiency claim to which Agent or any Lender might otherwise be entitled but for such bidding at any such sale. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Extent of Liability; Contribution</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything herein to the contrary, each U.S.
Domiciled Obligor&#146;s liability under this <B>Section</B><B></B><B>&nbsp;5.11</B> shall be limited to the greater of (i)&nbsp;all amounts for which such U.S. Domiciled Obligor is primarily liable, as described below, and (ii)&nbsp;such U.S.
Domiciled Obligor&#146;s Allocable Amount. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any
U.S. Domiciled Obligor makes a payment under this <B>Section</B><B></B><B>&nbsp;5.11</B> of any Obligations (other than amounts for which such U.S. Domiciled Obligor is primarily liable) (a &#147;<U>Guarantor Payment</U>&#148;) that, taking into
account all other Guarantor Payments previously or concurrently made by any other U.S. Domiciled Obligor, exceeds the amount that such U.S. Domiciled Obligor would otherwise have paid if each U.S. Domiciled Obligor had paid the aggregate Obligations
satisfied by such Guarantor Payments in the same proportion that such U.S. Domiciled Obligor&#146;s Allocable Amount bore to the total Allocable Amounts of all U.S. Domiciled </P>
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Obligors, then such U.S. Domiciled Obligor shall be entitled to receive contribution and indemnification payments from, and to be reimbursed by, each other U.S. Domiciled Obligor for the amount
of such excess, pro rata based upon their respective Allocable Amounts in effect immediately prior to such Guarantor Payment. The &#147;<U>Allocable Amount</U>&#148; for any U.S. Domiciled Obligor shall be the maximum amount that could then be
recovered from such U.S. Domiciled Obligor under this <B>Section</B><B></B><B>&nbsp;5.11</B> without rendering such payment voidable under Section&nbsp;548 of the U.S. Bankruptcy Code or under any similar applicable fraudulent transfer or conveyance
Applicable Law, or the Applicable Law in Canada or any province or territory thereof, or in England<B><U> or Germany</U></B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each U.S. Domiciled Obligor that is a Qualified ECP when
its guaranty of or grant of Lien as security for a Swap Obligation becomes effective hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide funds or other support to each other U.S. Domiciled Obligor that is
a Specified Obligor with respect to such Swap Obligation as may be needed by such Specified Obligor from time to time to honor all of its obligations under the Loan Documents in respect of such Swap Obligation (but, in each case, only up to the
maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP&#146;s obligations and undertakings under this <B>Section</B><B></B><B>&nbsp;5.11</B> voidable under any applicable fraudulent transfer or conveyance
act). The obligations and undertakings of each Qualified ECP under this Section shall remain in full force and effect until Full Payment of all Obligations. Each U.S. Domiciled Obligor intends this Section to constitute, and this Section shall be
deemed to constitute, a guarantee of the obligations of, and a &#147;keepwell, support or other agreement&#148; for the benefit of, each Obligor for all purposes of the Commodity Exchange Act. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">5.11.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Guarantee by Canadian Domiciled Obligors, German Domiciled Obligors
and U.K.</U><B><U>/Dutch</U></B><U> Domiciled Obligors</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Joint
and Several Liability</U>. Subject to <B>Section</B><B></B><B>&nbsp;5.11.7</B> and to any Applicable Law limitations with respect to the German Domiciled Obligors, each Canadian Domiciled Obligor, German Domiciled Obligor and
U.K.<B><U>/Dutch</U></B> Domiciled Obligor agrees that it is jointly and severally liable for, and absolutely and unconditionally guarantees to the Secured Parties the prompt payment and performance of, all Canadian Facility Obligations,
U.K.<B><U>/Dutch</U></B> Facility Obligations, German Facility Obligations, and all agreements of each other Canadian Domiciled Obligor, German Domiciled Obligor and U.K.<B><U>/Dutch</U></B> Domiciled Obligor under the Loan Documents, except its
Excluded Swap Obligations, and that it is a Canadian Facility Guarantor, a German Facility Guarantor and a U.K.<B><U>/Dutch</U></B> Facility Guarantor hereunder. Each Canadian Domiciled Obligor, German Domiciled Obligor and U.K.<B><U>/Dutch</U></B>
Domiciled Obligor agrees that its guaranty or guarantee of obligations as a Canadian Facility Guarantor, a German Facility Guarantor and a U.K.<B><U>/Dutch</U></B> Facility Guarantor hereunder, as applicable, constitute a continuing guaranty or
guarantee of payment and not of collection, that such obligations shall not be discharged until Full Payment of all Obligations, and that such obligations are absolute and unconditional, irrespective of (a)&nbsp;the genuineness, validity,
regularity, enforceability, subordination or any future modification of, or change in, any Obligations or Loan Document, or any other document, instrument or agreement to which any Obligor is or may become a party or be bound; (b)&nbsp;the absence
of any action to enforce this Agreement (including this Section) or any other Loan Document, or any waiver, consent or indulgence of any kind by any Secured Party with respect thereto; (c)&nbsp;the existence, value or condition of, or failure to
perfect a Lien or to preserve rights against, any security or guaranty or guarantee for the Obligations or any action, or the absence of any action, by any Secured Party in respect thereof (including the release of any security or guaranty or
guarantee); (d) the insolvency of any Obligor; (e)&nbsp;any election by Agent or any Lender in an Insolvency Proceeding for the application of Section&nbsp;1111(b)(2) of the U.S. Bankruptcy Code or similar provision of other Applicable Law;
(f)&nbsp;any borrowing or grant of a Lien by any other Obligor, as <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">debtor-in-possession</FONT></FONT> under Section&nbsp;364 of the U.S. Bankruptcy Code, under other Applicable Law or
otherwise; (g)&nbsp;the </P>
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disallowance of any claims of any Secured Party against any Obligor for the repayment of any Obligations under Section&nbsp;502 of the U.S. Bankruptcy Code, under other Applicable Law or
otherwise; (h)&nbsp;any other insolvency, debtor relief or debt adjustment law (whether state, provincial, federal or foreign, including the Bankruptcy and Insolvency Act (Canada), the Companies&#146; Creditors Arrangement Act (Canada), and the
Insolvency Act 1986 of England and the Enterprise Act 2002 of England); (i) any change in the ownership, control, name, objects, businesses, assets, capital structure or constitution of any Obligor or any other person; (j)&nbsp;any merger,
amalgamation or consolidation of any Obligor with any person or persons; (k)&nbsp;the occurrence of any change in the laws, rules, regulations or ordinances of any jurisdiction or by any present or future action of any governmental body or court
amending, varying, reducing or otherwise affecting, or purporting to amend, vary, reduce or otherwise affect, any of the Obligations under the Loan Documents; (l)&nbsp;the existence of any claim, <FONT STYLE="white-space:nowrap">set-off,</FONT>
compensation or other rights which any Obligor may have at any time against any other Obligor or any other person, or which any Obligor may have at any time against the Secured Parties, whether in connection with the Loan Documents or otherwise; or
(m)&nbsp;any other action or circumstances that might otherwise constitute a legal or equitable discharge or defense of a surety or guarantor, except Full Payment of all Obligations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Waivers</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Canadian Domiciled Obligor, German Domiciled Obligor
and U.K.<B><U>/Dutch</U></B> Domiciled Obligor expressly waives all rights that it may have now or in the future under any statute, at common law, in equity or otherwise, to compel Agent or Lenders to marshal assets or to proceed against any
Obligor, other Person or security for the payment or performance of any Obligations before, or as a condition to, proceeding against such Obligor. Each Canadian Domiciled Obligor, German Domiciled Obligor and U.K.<B><U>/Dutch</U></B> Domiciled
Obligor waives all defenses available to a surety, guarantor or accommodation <FONT STYLE="white-space:nowrap">co-obligor</FONT> other than Full Payment of all Obligations. It is agreed among each Canadian Domiciled Obligor, German Domiciled Obligor
and U.K.<B><U>/Dutch</U></B> Domiciled Obligor, Agent and Lenders that the provisions of this <B>Section</B><B></B><B>&nbsp;5.11</B> are of the essence of the transaction contemplated by the Loan Documents and that, but for such provisions, Agent
and Lenders would decline to make Loans and issue Letters of Credit. Each Canadian Domiciled Obligor, German Domiciled Obligor and U.K.<B><U>/Dutch</U></B> Domiciled Obligor acknowledges that its guaranty pursuant to this Section is necessary to the
conduct and promotion of its business, and can be expected to benefit such business. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agent and Lenders may, in their discretion, pursue such
rights and remedies as they deem appropriate, including realization upon Collateral (including any Real Estate owned by any Obligor) by judicial foreclosure or <FONT STYLE="white-space:nowrap">non-judicial</FONT> sale or enforcement, without
affecting any rights and remedies under this <B>Section</B><B></B><B>&nbsp;5.11</B>. If, in taking any action in connection with the exercise of any rights or remedies, Agent or any Lender shall forfeit any other rights or remedies, including the
right to enter a deficiency judgment against any Canadian Domiciled Obligor, German Domiciled Obligor or U.K.<B><U>/Dutch</U></B> Domiciled Obligor or other Person, whether because of any Applicable Laws pertaining to &#147;election of
remedies&#148; or otherwise, each Canadian Domiciled Obligor, German Domiciled Obligor and U.K.<B><U>/Dutch</U></B> Domiciled Obligor consents to such action and waives any claim based upon it, even if the action may result in loss of any rights of
subrogation that any Canadian Domiciled Obligor, German Domiciled Obligor or U.K.<B><U>/Dutch</U></B> Domiciled Obligor might otherwise have had. Any election of remedies that results in denial or impairment of the right of Agent or any Lender to
seek a deficiency judgment against any Canadian Domiciled Obligor, German Domiciled Obligor or U.K.<B><U>/Dutch</U></B> Domiciled Obligor shall not impair any other Canadian Domiciled Obligor&#146;s, German Domiciled Obligor&#146;s or
U.K.<B><U>/Dutch</U></B> Domiciled Obligor&#146;s obligation to pay the full amount of the Obligations it is jointly and severally liable for and has guaranteed under the Loan Documents. Each Canadian Domiciled Obligor, German Domiciled Obligor and
U.K.<B><U>/Dutch</U></B> Domiciled Obligor waives all rights and defenses arising out </P>
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of an election of remedies, such as nonjudicial foreclosure with respect to any security for the Obligations, even though that election of remedies destroys such Canadian Domiciled
Obligor&#146;s, German Domiciled Obligor&#146;s or U.K.<B><U>/Dutch</U></B> Domiciled Obligor&#146;s rights of subrogation against any other Person. Agent may bid all or a portion of the Obligations at any foreclosure or trustee&#146;s sale or at
any private sale, and the amount of such bid need not be paid by Agent but shall be credited against the Obligations. The amount of the successful bid at any such sale, whether Agent or any other Person is the successful bidder, shall be
conclusively deemed to be the fair market value of the Collateral, and the difference between such bid amount and the remaining balance of the <B><U>applicable </U></B>Obligations shall be conclusively deemed to be the amount of the<B><U>
applicable</U></B> Obligations guaranteed under this <B>Section</B><B></B><B>&nbsp;5.11</B>, notwithstanding that any present or future law or court decision may have the effect of reducing the amount of any deficiency claim to which Agent or any
Lender might otherwise be entitled but for such bidding at any such sale. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Extent of Liability; Contribution</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything herein to the contrary, each
Canadian Domiciled Obligor&#146;s, German Domiciled Obligor&#146;s and U.K.<B><U>/Dutch</U></B> Domiciled Obligor&#146;s liability under this <B>Section</B><B></B><B>&nbsp;5.11</B> shall be limited to the greater of (i)&nbsp;all amounts for which
such Canadian Domiciled Obligor, German Domiciled Obligor or U.K.<B><U>/Dutch</U></B> Domiciled Obligor is primarily liable, as described below, and (ii)&nbsp;such Canadian Domiciled Obligor&#146;s, German Domiciled Obligor&#146;s and
U.K.<B><U>/Dutch</U></B> Domiciled Obligor&#146;s U.K./Canadian/German Allocable Amount. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any Canadian Domiciled Obligor, German Domiciled
Obligor or U.K.<B><U>/Dutch</U></B> Domiciled Obligor makes a payment under this <B>Section</B><B></B><B>&nbsp;5.11</B> of any Obligations (other than amounts for which such Canadian Domiciled Obligor, German Domiciled Obligor or
U.K.<B><U>/Dutch</U></B> Domiciled Obligor is primarily liable) (a &#147;<U>U.K./Canadian/German Guarantor Payment</U>&#148;) that, taking into account all other U.K./Canadian/German Guarantor Payments previously or concurrently made by any other
Canadian Domiciled Obligor, German Domiciled Obligor or U.K.<B><U>/Dutch</U></B> Domiciled Obligor, exceeds the amount that such Canadian Domiciled Obligor, German Domiciled Obligor or U.K.<B><U>/Dutch</U></B> Domiciled Obligor would otherwise have
paid if each Canadian Domiciled Obligor, German Domiciled Obligor and U.K.<B><U>/Dutch</U></B> Domiciled Obligor had paid the aggregate Obligations satisfied by such U.K./Canadian/German Guarantor Payments in the same proportion that such Canadian
Domiciled Obligor&#146;s, German Domiciled Obligor&#146;s or U.K.<B><U>/Dutch</U></B> Domiciled Obligor&#146;s U.K./Canadian/German Allocable Amount bore to the total U.K./Canadian/German Allocable Amounts of all Canadian Domiciled Obligors, German
Domiciled Obligors and U.K.<B><U>/Dutch</U></B> Domiciled Obligors, then such Canadian Domiciled Obligor, German Domiciled Obligor or U.K.<B><U>/Dutch</U></B> Domiciled Obligor shall be entitled to receive contribution and indemnification payments
from, and to be reimbursed by, each other Canadian Domiciled Obligor, German Domiciled Obligor and U.K.<B><U>/Dutch</U></B> Domiciled Obligor for the amount of such excess, pro rata based upon their respective U.K./Canadian/German Allocable Amounts
in effect immediately prior to such U.K./Canadian/German Guarantor Payment. The &#147;<U>U.K./Canadian/German Allocable Amount</U>&#148; for any Canadian Domiciled Obligor, German Domiciled Obligor or U.K.<B><U>/Dutch</U></B> Domiciled Obligor shall
be the maximum amount that could then be recovered from such Canadian Domiciled Obligor, German Domiciled Obligor or U.K.<B><U>/Dutch</U></B> Domiciled Obligor under this <B>Section</B><B></B><B>&nbsp;5.11</B> without rendering such payment voidable
under Section&nbsp;548 of the U.S. Bankruptcy Code or under any similar applicable fraudulent transfer or conveyance Applicable Law, or the Applicable Law in Canada, Germany or any province or territory thereof, or in England and with respect to the
German Domiciled Obligors, subject to <B>Section</B><B></B><B>&nbsp;5.11.7</B>. </P>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject to <B>Section</B><B></B><B>&nbsp;5.11.7</B> and
to any Applicable Law limitations with respect to the German Domiciled Obligors, each Canadian Domiciled Obligor, each German Domiciled Obligor and each U.K.<B><U>/Dutch</U></B> Domiciled Obligor that is a Qualified ECP when its guaranty of or grant
of Lien as security for a Swap Obligation becomes effective hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide funds or other support to each Canadian Domiciled Obligor, German Domiciled Obligor and
U.K.<B><U>/Dutch</U></B> Domiciled Obligor that is a Specified Obligor with respect to such Swap Obligation as may be needed by such Specified Obligor from time to time to honor all of its obligations under the Loan Documents in respect of such Swap
Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP&#146;s obligations and undertakings under this <B>Section</B><B></B><B>&nbsp;5.11</B> voidable under any
applicable fraudulent transfer or conveyance act). The obligations and undertakings of each Qualified ECP under this Section shall remain in full force and effect until Full Payment of all Obligations. Each Canadian Domiciled Obligor, German
Domiciled Obligor and each U.K.<B><U>/Dutch</U></B> Domiciled Obligor intends this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a &#147;keepwell, support or other agreement&#148; for
the benefit of, each Obligor for all purposes of the Commodity Exchange Act. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">5.11.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No Limitation</U>. Nothing contained in this
<B>Section</B><B></B><B>&nbsp;5.11</B> shall limit the liability of any Obligor to pay Loans made directly or indirectly to that Obligor (including Loans advanced to any other Obligor and then <FONT STYLE="white-space:nowrap">re-loaned</FONT> or
otherwise transferred to, or for the benefit of, such Obligor), LC Obligations relating to Letters of Credit issued to support such Obligor&#146;s business, and all accrued interest, fees, expenses and other related Obligations with respect thereto,
for which such Obligor shall be primarily liable for all purposes hereunder. Agent and Lenders shall have the right, at any time in their discretion, to condition Loans and Letters of Credit upon a separate calculation of borrowing availability for
each Borrower and to restrict the disbursement and use of such Loans and Letters of Credit to such Borrower. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">5.11.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Joint Enterprise</U>. Each Obligor has requested that Agent and
Lenders make the credit facilities available to the applicable Borrowers on a combined basis, in order to finance Borrowers&#146; business most efficiently and economically. Obligors&#146; business is a mutual and collective enterprise, and the
successful operation of each Obligor is dependent upon the successful performance of the integrated group. The Obligors believe that the credit facilities provided to the applicable Borrowers under this Agreement will enhance the borrowing power of
each Borrower and ease administration of such credit facilities, all to their mutual advantage. Obligors acknowledge that Agent&#146;s and Lenders&#146; willingness to extend credit and to administer the Collateral as provided under the Loan
Documents is done solely as an accommodation to Obligors and at Obligors&#146; request. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">5.11.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>California Waivers</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything to the contrary set forth in this Agreement or
any of the Loan Documents, each of the Obligors hereby understands and acknowledges that if Agent forecloses judicially or nonjudicially against any Collateral consisting of Real Estate located in California for the Obligations, that foreclosure
could impair or destroy any ability that the Obligors may have to seek reimbursement, contribution, or indemnification from one another based on any right any Obligor may have of subrogation, reimbursement, contribution, or indemnification for any
amounts paid by the Obligors under this Agreement. Each of the Obligors further understands and acknowledges that in the absence of this paragraph, such potential impairment or destruction of the Obligors&#146; rights, if any, may entitle the
Obligors to assert a defense to this Agreement based on Section&nbsp;580d of the California Code of Civil Procedure as interpreted in <U>Union Bank v. Gradsky</U>, 265 Cal. App. 2d 40 (1968). By executing this Agreement, each Obligor freely,
irrevocably, and unconditionally: (i)&nbsp;waives and relinquishes that defense and agrees that the Obligors will be fully liable under this Agreement even though Agent may foreclose, either by judicial
</P>
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foreclosure or by exercise of power of sale, any deed of trust securing the Obligations; (ii)&nbsp;agrees that the Obligors will not assert that defense in any action or proceeding which Agent
may commence to enforce this Agreement or any other Loan Document; (iii)&nbsp;acknowledges and agrees that the rights and defenses waived by the Obligors in this Agreement include any right or defense that the Obligors may have or be entitled to
assert based upon or arising out of any one or more of Sections 580a, 580b, 580d, or 726 of the California Code of Civil Procedure or Section&nbsp;2848 of the California Civil Code; and (iv)&nbsp;acknowledges and agrees that Agent and the Lenders
are relying on this waiver in creating the Obligations, and that this waiver is a material part of the consideration which Agent and the Lenders are receiving for creating the Obligations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each of the Obligors waives all rights and defenses that each Obligor may
have because of any of the Obligations is secured by Real Estate. This means, among other things: (i)&nbsp;Agent may collect from the Obligors without first foreclosing on any real or personal property collateral pledged by the Obligors; and
(ii)&nbsp;if Agent forecloses on any Collateral consisting of Real Estate pledged by the Obligors: (A)&nbsp;the amount of the Obligations may be reduced only by the price for which that Collateral is sold at the foreclosure sale, even if the
Collateral is worth more than the sale price, and (B)&nbsp;Agent may collect from the Obligors even if Agent, by foreclosing on the Collateral consisting of Real Estate, has destroyed any right the Obligors may have to collect from one another. This
is an unconditional and irrevocable waiver of any rights and defenses the Obligors may have because any of the Obligations are secured by real property. These rights and defenses include, but are not limited to, any rights or defenses based upon
Section&nbsp;580a, 580b, 580d, or 726 of the California Code of Civil Procedure. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each of the Obligors waives any right or defense it may have at law or
equity, including California Code of Civil Procedure Section&nbsp;580a, to a fair market value hearing or action to determine a deficiency judgment after a foreclosure. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">5.11.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Subordination</U>. Each Obligor hereby subordinates any claims,
including any rights at law or in equity to payment, subrogation, reimbursement, exoneration, contribution, indemnification or set off, that it may have at any time against any other Obligor, howsoever arising, to the Full Payment of all
Obligations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">5.11.7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>German Limitations</U>. On the basis of the
judgments LG Darmstadt, 25.4.2013 &#150; 16 O 195/12, OLG Frankfurt a.&nbsp;M., 8.11.2013 &#150; 24 U 80/13 A, BGH, 10.1.2017 &#150; II ZR 94/15 and BGH, 21.3.2017 &#150; II ZR 93/16 the respective directors
(<I>Gesch</I><I>&auml;</I><I>ftsf</I><I>&uuml;</I><I>hrer</I>) of each German Facility Obligor incorporated or established (as the case may be) in Germany (a &#147;<U>German Guarantor</U>&#148;) have assessed the financing concept provided for in
connection with this Agreement and are satisfied by its robustness. In the case that during the lifetime of this Agreement the directors of a German Guarantor reasonably expect to suffer a personal liability in the case of an enforcement of this
<U>Section</U><U></U><U>&nbsp;5.11</U>, the Secured Parties agree to the following limitations in order to avoid a personal liability of the directors (<I>Gesch</I><I>&auml;</I><I>ftsf</I><I>&uuml;</I><I>hrer</I>) or managing directors,
respectively, of that German Guarantor (and/ or in the case of a GmbH&nbsp;&amp; Co. KG or a GmbH&nbsp;&amp; Co. KGaA, its general partner&#146;s directors (<I>Gesch</I><I>&auml;</I><I>ftsf</I><I>&uuml;</I><I>hrer</I>)) as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="8%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="justify">To the extent a German Guarantor guarantees or indemnifies any obligations under this
<U>Section</U><U></U><U>&nbsp;5.11</U> or any other provision of the Loan Documents of any of its Holding Companies or Affiliates (other than a Subsidiary of that German Guarantor) and that the German Guarantor is a GmbH, a GmbH&nbsp;&amp; Co. KG or
a GmbH&nbsp;&amp; Co. KGaA, the enforcement of the respective obligations of that German Guarantor under this <U>Section</U><U></U><U>&nbsp;5.11</U> (or any other relevant provision of the Loan Documents) shall, subject to paragraphs (b)&nbsp;to (d)
below, be limited to the amount that would not lead to the situation, that (i)&nbsp;such German Guarantor&#146;s net assets (for the purposes of this clause net assets means the assets (taking into consideration the assets listed under
Section&nbsp;266 paragraph 2 A, B, C, D and E of the </P></TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">
German Commercial Code (<I>HGB</I>)) less the aggregate of its liabilities (taking into consideration the liabilities listed under Section&nbsp;266 paragraph 3 B, C, D and E of the German
Commercial Code (<I>HGB</I>)) of the German Guarantor in each case as calculated in accordance with the applicable law at that time fall below its (or in the case of a GmbH&nbsp;&amp; Co. KG, its general partner&#146;s) registered share capital
(<I>Stammkapital</I>) or (ii), if its (or in the case of a GmbH&nbsp;&amp; Co. KG or a GmbH&nbsp;&amp; Co. KGaA, its general partner&#146;s) net assets are already below its (or in the case of a GmbH&nbsp;&amp; Co. KG or a GmbH&nbsp;&amp; Co. KGaA,
its general partner&#146;s) registered share capital, the existing shortage in its (or in the case of a GmbH&nbsp;&amp; Co. KG or a GmbH&nbsp;&amp; Co. KGaA, its general partner&#146;s) net assets would be further increased in each case in violation
of Sections 30, 31 of the German Limited Liability Companies&#146; Act (<I>GmbHG</I>). </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="8%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="justify">The limitations set out in paragraph (a)&nbsp;of this <U>Section</U><U></U><U>&nbsp;5.11.7</U> only apply:
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="16%">&nbsp;</TD>
<TD WIDTH="8%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="justify">if and to the extent that the managing directors on behalf of such German Guarantor have evidenced (in
reasonable detail) in writing to the Agent (a &#147;<U>German Management Confirmation</U>&#148;) within 15 Business Days of demand under this <U>Section</U><U></U><U>&nbsp;5.11</U> (or the respective other provision of the Loan Documents) the amount
of the obligations under this <U>Section</U><U></U><U>&nbsp;5.11</U> (or the respective other provision of the Loan Documents) which cannot be met without causing the net assets of such German Guarantor (or, in the case of a GmbH&nbsp;&amp; Co. KG
or a GmbH&nbsp;&amp; Co. KGaA, its general partner) to fall below its registered share capital or further reducing an existing shortage of its net assets below its registered share capital; and </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="16%">&nbsp;</TD>
<TD WIDTH="8%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="justify">in case a Lender raises an objection against the German Management Confirmation and the Agent notifies the
respective German Guarantor of such objection, if the Agent receives within 25 Business Days after such notification a written audit report prepared at the expense of the relevant German Guarantor by a firm of auditors of international standard and
reputation that has been appointed by the respective German Guarantor with a view to investigating to what extent the net assets of that German Guarantor (or in the case of a GmbH&nbsp;&amp; Co. KG or a GmbH&nbsp;&amp; Co. KGaA, its general partner)
exceeded its registered share capital. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="8%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="justify">The limitations set out in paragraph (a)&nbsp;of this <U>Section</U><U></U><U>&nbsp;5.11.7</U> shall not
apply to a guarantee in respect of loans made to the German Guarantor under this Agreement to the extent they are <FONT STYLE="white-space:nowrap">on-lent</FONT> to, or letters of credit (or similar instruments under any Ancillary Facility) to the
extent issued for the benefit of, that German Guarantor or its Subsidiaries (and/ or in the case of a GmbH&nbsp;&amp; Co. KG or a GmbH&nbsp;&amp; Co. KGaA, its general partner and the general partner&#146;s Subsidiaries) and such amount <FONT
STYLE="white-space:nowrap">on-lent</FONT> or benefit granted has not been returned prior to the time of the intended enforcement. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="8%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="justify">In any event the Secured Parties shall be entitled to enforce the guarantee and indemnities up to the amount
that is undisputed between them and the relevant German Guarantor and, in relation to the amount which is disputed, the Secured Parties shall be entitled to further pursue their claims (if any) and the German Guarantor shall be entitled to provide
evidence that the disputed amount is necessary for maintaining its or its general partner&#146;s registered share capital or avoiding a further reduction of an existing shortage of its net assets below its registered share capital.
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="8%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="justify">In any event the Secured Parties shall be entitled to enforce the guarantee and indemnities without any
limitations if: </P></TD></TR></TABLE>
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<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD WIDTH="16%">&nbsp;</TD>
<TD WIDTH="8%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="justify">a domination and/ or profit and loss pooling agreement (<I>Beherrschungs- und/ oder
Gewinnabf</I><I>&uuml;</I><I>hrungsvertrag</I>) has been entered into with the German Guarantor as dominated party (<I>beherrschtes Unternehmen</I>); </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="16%">&nbsp;</TD>
<TD WIDTH="8%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="justify">the German Guarantor has an adequate counterclaim (<I>vollwertiger Gegenanspruch</I>) against its
shareholder for the indemnification of any amount paid by it under the guarantee and indemnities; </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="16%">&nbsp;</TD>
<TD WIDTH="8%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="justify">insolvency proceedings have been opened in relation to that German Guarantor; </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="16%">&nbsp;</TD>
<TD WIDTH="8%" VALIGN="top" ALIGN="left">(iv)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="justify">by law, changes in applicable law or applicable court rulings of the Federal Supreme Court the limitations
set out in this <U>Section</U><U></U><U>&nbsp;5.11.7</U> are not deemed to be longer required to protect the management of the German Guarantor; or </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="16%">&nbsp;</TD>
<TD WIDTH="8%" VALIGN="top" ALIGN="left">(v)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="justify">the German Guarantor has not complied with its obligations under this
<U>Section</U><U></U><U>&nbsp;5.11.7</U>. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="8%" VALIGN="top" ALIGN="left">(f)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="justify">Subject to paragraphs (g)&nbsp;and (h) below, any guarantee and/or indemnity granted under this
<B>Section</B><B></B><B>&nbsp;5.11 </B>by a German Guarantor that is incorporated as a stock corporation (<I>Aktiengesellschaft</I>) or a partnership limited by shares (<I>Kommanditgesellschaft auf Aktien</I>), including, for the avoidance of doubt,
a GmbH&nbsp;&amp; Co. KGaA, or any Subsidiary of such German Guarantor shall not secure liabilities which are owed by direct or indirect shareholders of such German Guarantor or Subsidiaries of such shareholders (for the avoidance of doubt, such
subsidiaries not to include the German Guarantor and its Subsidiaries) except if and for so long as the German Guarantor is a party to a domination and/or profit and loss pooling agreement (<I>Beherrschungs- und/oder
Gewinnabf</I><I>&uuml;</I><I>hrungsvertrag</I>) within the meaning of section 291 of the German Stock Corporation Act (<I>Aktiengesetz</I>) as the dominated party with a direct or indirect shareholder or any Subsidiary of such shareholder (for the
avoidance of doubt, such Subsidiaries not to include the German Guarantor and its Subsidiaries) as the dominating party. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="8%" VALIGN="top" ALIGN="left"><FONT COLOR="#010000">(g)</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="justify"><FONT COLOR="#010000">If a domination and/or profit and loss pooling agreement (<I>Beherrschungs- und/oder
Gewinnabf</I>&uuml;<I>hrungsvertrag</I>) within the meaning of section 291 of the German Stock Corporation Act (<I>Aktiengesetz</I>) is in force between the German Guarantor and a direct or indirect shareholder or any Subsidiary of such shareholder
(for the avoidance of doubt, such Subsidiaries not to include the German Guarantor and its Subsidiaries) with the direct or indirect shareholder or relevant Subsidiary as the dominating party, any guarantee and/or indemnity granted under this
Section</FONT><B><U></U></B><FONT COLOR="#010000">&nbsp;5.11<B> </B>by the German Guarantor or by any Subsidiary of such German Guarantor shall be fully enforceable (<I>vollstreckbar</I>), except that it shall not be enforceable
(<I>vollstreckbar</I>) if and to the extent that despite the existence of such circumstances there would be a violation of section 57 para. 1 sentence 1 or section 71a para. 1 sentence 1 of the German Stock Corporation Act (<I>Aktiengesetz</I>).
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="8%" VALIGN="top" ALIGN="left"><FONT COLOR="#010000">(h)</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="justify"><FONT COLOR="#010000">Except if and to the extent that despite the existence of the circumstances set out in
paragraphs (i)&nbsp;to (iii) below there would be a violation of section 57 para. 1 sentence 1 or section 71a para. 1 sentence 1 of the German Stock Corporation Act (<I>Aktiengesetz</I>), the restrictions in paragraphs (f)</FONT><B><U></U></B><FONT
 COLOR="#010000">&nbsp;and (g) above shall not apply to any amounts which: </FONT></P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="16%">&nbsp;</TD>
<TD WIDTH="8%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="justify">correspond to funds that have been borrowed under this Agreement and have been <FONT
STYLE="white-space:nowrap">on-lent</FONT> to, or otherwise been passed on to, the German Guarantor or any of its Subsidiaries, in each case to the extent that any such <FONT STYLE="white-space:nowrap">on-lent</FONT> or
<FONT STYLE="white-space:nowrap">passed-on</FONT> funds </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">146 </P>

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<TD WIDTH="24%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">
are still outstanding at the date a demand is made under any guarantee and/or indemnity granted under this <U>Section</U><U></U><U>&nbsp;5.11</U><B> </B>(in each case, the &#147;<B>Demand
Date</B>&#148;); </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="16%">&nbsp;</TD>
<TD WIDTH="8%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="justify">correspond to letters of credit or bank guarantees issued for the benefit of creditors of the German
Guarantor or any of its Subsidiaries by a Secured Party under the Loan Documents, in each case to the extent outstanding at the Demand Date; or </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="16%">&nbsp;</TD>
<TD WIDTH="8%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="justify">are covered (and to the extent they are covered) by a fully recoverable indemnity claim or claim for refund
(<I>vollwertiger und durchsetzbarer Gegenleistungs- oder R</I><I>&uuml;</I><I>ckgew</I><I>&auml;</I><I>hranspruch</I>) of the German Guarantor against its shareholder that can be accounted for in the balance sheet of the German Guarantor at full
value (<I>vollwertig</I>), </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:24%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">provided that the Agent has waived with binding effect on the Secured
Parties any restrictions otherwise applicable to the German Guarantor under the Loan Documents with respect to demanding, enforcing, setting off or otherwise claiming or discharging any of its recourse claims (if any) arising as a result of the
enforcement of any guarantee and/or indemnity granted under this Section&nbsp;5.11<B> </B>so that it shall be permitted for the German Guarantor to (1)<B><U></U></B>&nbsp;set off its recourse claim (if any) against the loan obligation in respect of
any amounts so on-lent to it, (2)<B><U></U></B>&nbsp;otherwise use its recourse claim (if any) to settle or discharge such loan obligation, or (3)<B><U></U></B>&nbsp;to claim to be indemnified by another Obligor (including to bring legal or other
proceedings against another Obligor in that regard). </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="8%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman; " ALIGN="justify">The restrictions set forth in paragraph (a)&nbsp;or paragraph (f)&nbsp;of this
<U>Section</U><U></U><U>&nbsp;5.11.7</U> shall not imply any full or partial waiver of any amount owed under the guarantee and indemnity under this <U>Section</U><U></U><U>&nbsp;5.11</U>, but shall impede only temporarily the enforcement of the
guarantee and indemnity under this <U>Section</U><U></U><U>&nbsp;5.11</U> to the extent the enforcement of the guarantee and indemnity under this <U>Section</U><U></U><U>&nbsp;5.11</U> is limited by the restrictions set forth in paragraph
(a)&nbsp;or paragraph (f), respectively, of this <U>Section</U><U></U><U>&nbsp;5.11.7</U>. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>5.11.8</U><U>&nbsp;&nbsp;U.K. Limitations. The guarantees under this Section</U><U></U><U>&nbsp;5.11 shall not apply to
any liability to the extent that it would result in this guarantee constituting unlawful financial assistance within the meaning of sections 678 or 679 of the Companies Act 2006 and, with respect to any U.K. Subsidiary, is subject to any limitations
set out in any Joinder Agreement applicable to such U.K. Subsidiary</U> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>5.12</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Currency Matters</U></B><B>.</B> Dollars are the currency of
account and payment for each and every sum at any time due from Borrowers hereunder unless otherwise specifically provided in this Agreement, any other Loan Document or otherwise agreed to by Agent. The parties hereto hereby agree as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each repayment of a Loan or LC Obligation or a part thereof shall be made
in the currency in which such Loan or LC Obligation is denominated at the time of that repayment; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each payment of interest shall be made in the currency in which the
principal or other sum in respect of which such interest is denominated; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each payment of fees by any Borrower pursuant to
<B>Section</B><B></B><B>&nbsp;3.2</B> shall be in Dollars; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">147 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each payment in respect
of Extraordinary Expenses and any other costs, expenses and indemnities shall be made in the currency in which the same were incurred by the party to whom payment is to be made; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any amount expressed to be payable in Canadian Dollars shall be paid in
Canadian Dollars; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any amount expressed to be payable in British
Pounds shall be paid in British Pounds; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any amount expressed to be
payable in Swiss Francs shall be paid in Swiss Francs; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any amount
expressed to be payable in Euros shall be paid in Euros. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify">No payment to any Credit Party (whether under any judgment or court order or
otherwise) shall discharge the obligation or liability of the Obligor in respect of which it was made unless and until such Credit Party shall have received Full Payment in the currency in which such obligation or liability is payable pursuant to
the above provisions of this <B>Section</B><B></B><B>&nbsp;5.12</B>. To the extent that the amount of any such payment shall, on actual conversion into such currency, be less than the full amount of such obligation or liability (actual or
contingent) expressed in that currency, such Obligor (together with the other Obligors who are liable thereunder or obligated therefor) agrees to indemnify and hold harmless such Credit Party with respect to the amount of such deficiency, with such
indemnity surviving the termination of this Agreement and any legal proceeding, judgment or court order pursuant to which the original payment was made which resulted in such deficiency. To the extent that the amount of any such payment to a Credit
Party shall, upon an actual conversion into such currency, exceed such obligation or liability, actual or contingent, expressed in that currency, such Credit Party shall return such excess to the Borrower Agent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>5.13</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Currency Fluctuations</U></B><B>.</B> On each Business Day or
such other date determined by Agent (the &#147;<U>Calculation Date</U>&#148;), Agent shall determine the Exchange Rate as of such date. The Exchange Rate so determined shall become effective on the first Business Day immediately following such
determination (a &#147;<U>Reset Date</U>&#148;) and shall remain effective until the next succeeding Reset Date. On each Reset Date, Agent shall determine the Dollar Equivalent of the Canadian Revolver Exposure, German Revolver Exposure and the
U.K.<B><U>/Dutch</U></B> Revolver Exposure. If, on any Reset Date: (a)&nbsp;the Total Revolver Exposure exceeds the total amount of the Revolver Commitments on such date, (b)&nbsp;the Canadian Revolver Exposure on such date exceeds the lesser of the
Canadian Borrowing Base or the Canadian Revolver Commitments on such date, (c)&nbsp;the German Revolver Exposure on such date exceeds the lesser of the German Borrowing Base or the German Revolver Commitments on such date, or (d)&nbsp;the
U.K.<B><U>/Dutch</U></B> Revolver Exposure on such date exceeds the lesser of the U.K.<B><U>/Dutch</U></B> Borrowing Base or the U.K.<B><U>/Dutch</U></B> Revolver Commitments on such date (in any case, the amount of any such excess referred to
herein as the &#147;<U>Excess Amount</U>&#148;) then (i)&nbsp;Agent shall give notice thereof to Borrower Agent and Lenders and (ii)&nbsp;within one (1)&nbsp;Business Day thereafter, Borrowers shall cause such excess to be eliminated, either by
repayment of Revolver Loans or depositing of Cash Collateral with Agent with respect to LC Obligations and until such Excess Amount is repaid, Lenders shall not have any obligation to make any Loans and the Issuing Banks shall not have any
obligation to issue any Letters of Credit. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>SECTION&nbsp;6. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CONDITIONS PRECEDENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>6.1</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Conditions Precedent to Effectiveness and
Loans</U></B><B>.</B> In addition to the conditions set forth in <B>Section</B><B></B><B>&nbsp;6.2</B>, this Agreement shall not become effective and Agent, the Issuing Banks and the Lenders shall not be required to fund any requested Loans, issue
any Letter of Credit for the benefit of the Borrowers </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">148 </P>

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or otherwise extend credit to the Borrowers hereunder, until the date (&#147;<U>Closing Date</U>&#148;) that each of the following conditions has been satisfied: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notes shall have been executed by each Borrower and delivered to each
Applicable Lender that requests issuance of a Note. Each other Loan Document to which any Obligor is a party shall have been duly executed and delivered to Agent by each of the signatories thereto, and each such Obligor shall be in compliance with
all terms thereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Borrowers shall have paid all fees and
expenses to be paid to Agent and Lenders on the Closing Date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agent
shall have received certificates, in form and substance satisfactory to it, from a knowledgeable Senior Officer of each Obligor certifying that, after giving effect to the initial Loans and transactions hereunder, (i)&nbsp;such Obligor is Solvent;
(ii)&nbsp;no Default or Event of Default exists; (iii)&nbsp;the representations and warranties set forth in <B>Section</B><B></B><B>&nbsp;9</B> are true and correct; and (iv)&nbsp;such Obligor has complied with all agreements and conditions to be
satisfied by it under the Loan Documents to which such Obligor is a party. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agent shall have received a certificate of a duly authorized officer of
each Obligor certifying (i)&nbsp;that attached copies of such Obligor&#146;s Organic Documents (and for any Person organized under the laws of Germany, its extract from the commercial register (<I>Handelsregisterauszug</I>)) are true and complete,
and in full force and effect, without amendment except as shown; (ii)&nbsp;that an attached copy of resolutions authorizing execution and delivery of the Loan Documents to which such Obligor is a party is true and complete, and that such resolutions
are in full force and effect, were duly adopted, have not been amended, modified or revoked, and constitute all resolutions adopted with respect to this credit facility; and (iii)&nbsp;to the title, name and signature of each Person authorized to
sign the Loan Documents to which such Obligor is a party. Agent may conclusively rely on this certificate until it is otherwise notified by the applicable Obligor in writing. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agent shall have received written opinions of Gibson, Dunn&nbsp;&amp;
Crutcher LLP, Durham Jones&nbsp;&amp; Pinegar, P.C., McMillan LLP, and Norton Rose Fulbright LLP, in form and substance satisfactory to Agent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agent shall have received good standing certificates for each Obligor
(other than the U.K.<B><U>/Dutch</U></B> Domiciled Obligors and the German Domiciled Obligors), issued by the Secretary of State or other appropriate official of such Obligor&#146;s jurisdiction of organization. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There shall exist no action, suit, investigation, litigation or proceeding
pending or threatened in any court or before any arbitrator or governmental instrumentality that in Agent&#146;s judgment (i)&nbsp;could reasonably be expected to have a material adverse effect on any Obligor&#146;s business, assets, properties,
liabilities, operations, condition or prospects, or could impair any Obligor&#146;s ability to perform satisfactorily under this Agreement and the other Loan Documents; or (ii)&nbsp;could reasonably be expected to materially and adversely affect
this Agreement or the transactions contemplated hereby. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Each
Canadian Security Agreement (amended as required) shall have been duly executed and delivered to Agent by each of the signatories thereto, and each signatory thereto shall be in compliance with all terms thereof, (ii)&nbsp;all PPSA and other Lien
filings or recordations necessary to perfect Agent&#146;s Liens on the Collateral of each signatory to the Canadian Security Agreement shall have been filed, and (iii)&nbsp;Agent shall have received PPSA and Lien searches and other evidence
satisfactory to Agent that such Liens are the only Liens upon the Collateral of each signatory to the Canadian Security Agreement (including estoppel letters), except Permitted Liens. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">149 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each document listed in
paragraphs (a)&nbsp;to (g) of the definition of U.K. Security Agreement shall have been duly executed and delivered to the Agent by each of the signatories thereto, and each U.K. Domiciled Obligor shall be in compliance with all terms thereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Each German Security Document shall have been duly executed and
delivered to Agent by each of the signatories thereto, and each signatory thereto shall be in compliance with all terms thereof and (ii)&nbsp;all Lien filings or recordations necessary to perfect Agent&#146;s Liens on the Collateral of each
signatory to the German Security Documents shall have been filed. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
respect of each company incorporated in the United Kingdom whose shares are the subject of a Lien in favor of the Agent (a &#147;<U>Charged Company</U>&#148;), either (i)&nbsp;a certificate of an authorised signatory of U.K. Holdings certifying that
(A)&nbsp;Parent and each of its Subsidiaries have complied within the relevant timeframe with any notice they have received pursuant to Part 21A of the Companies Act 2006 from a Charged Company; and (B)&nbsp;no &#147;warning notice&#148; or
&#147;restrictions notice&#148; (in each case as defined in Schedule 1B of the Companies Act 2006) has been issued in respect of those shares, together with a copy of the &#147;PSC register&#148; (within the meaning of section 790C(10) of the
Companies Act 2006) of that Charged Company, which, is certified by an authorised signatory of U.K. Holdings to be correct, complete and not amended or superseded as at a date no earlier than the date of this Agreement; or (ii)&nbsp;a certificate of
an authorised signatory of U.K. Holdings certifying that such Charged Company is not required to comply with Part 21A of the Companies Act 2006. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Obligor shall have provided, in form and substance satisfactory to
Agent, Issuing Banks and Lenders, all documentation and other information as Agent or any Lender deems appropriate in connection with applicable &#147;know your customer&#148; and
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">anti-money-laundering</FONT></FONT> rules and regulations, including the Patriot Act, Beneficial Ownership Regulation and the AML Legislation. If any Obligor qualifies as a
&#147;legal entity customer&#148; under the Beneficial Ownership Regulation, it shall have provided a Beneficial Ownership Certification to Agent, Issuing Banks and Lenders in relation to such Obligor. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>6.2</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Conditions Precedent to All Credit Extensions</U></B><B>.</B>
Agent, Issuing Banks and Lenders shall not be required to fund any Loans, arrange for issuance of any Letters of Credit or grant any other accommodation to or for the benefit of Borrowers, unless the following conditions are satisfied: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No Default or Event of Default shall exist at the time of, or result from,
such funding, issuance or grant; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The representations and warranties
of each Obligor in the Loan Documents shall be true and correct on the date of, and upon giving effect to, such funding, issuance or grant (except for representations and warranties that expressly relate to an earlier date); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All conditions precedent in any other Loan Document shall be satisfied;
and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With respect to issuance of a Letter of Credit, the LC Conditions
shall be satisfied. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Each request (or deemed request) by Borrower Agent or any Borrower for funding of a Loan, issuance of a Letter of
Credit or grant of an accommodation shall constitute a representation by Borrowers that the foregoing conditions are satisfied on the date of such request and on the date of such funding, issuance or grant. As an additional condition to any funding,
issuance or grant, Agent shall have received such other information, documents, instruments and agreements as it deems appropriate in connection therewith. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">150 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>6.3</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U> Loans to
the Dutch Borrower. Notwithstanding any provision of this Agreement to the contrary, Dutch Borrower may not request, and no Loans or other advances of credit (including without limitation Letters of Credit) under this Agreement shall be made to or
issued to the account of, the Dutch Borrower prior to the date on which both of the following have occurred: (a)</U><U></U><U>&nbsp;Agent has notified the Borrower Agent in writing that each Lender having a U.K./Dutch Revolver Commitment has
satisfactorily completed all actions required (as determined by such Lender) for such Lender to comply, with respect to the Dutch Borrower, with all applicable </U><U>&#147;</U><U>know your customer</U><U>&#148;</U><U> rules and regulations
(including without limitation the USA PATRIOT ACT) and such Lender</U><U>&#146;</U><U>s internal policies with respect to the same, and (b)</U><U></U><U>&nbsp;(i) each of the Dutch Omnibus Pledge and Dutch Share Pledge shall have been duly executed
and delivered to Agent by each of the signatories thereto and each of the signatories thereto shall be in compliance with all terms thereof, (ii)</U><U></U><U>&nbsp;all Lien filings or recordations necessary to perfect Agent</U><U>&#146;</U><U>s
Liens on the Collateral of the Dutch Borrower under such Dutch Omnibus Pledge and Dutch Share Pledge shall have been filed, and (iii)</U><U></U><U>&nbsp;any corporate authorization documents and legal opinions of Dutch counsel to the Agent
reasonably required by Agent in connection with such Dutch Security Documents have been duly executed and delivered to Agent, in each case of this clause (b), in form and substance reasonably satisfactory to Agent.</U> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>SECTION&nbsp;7. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;COLLATERAL </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>7.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Grant of Security Interest</U>. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">7.1.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) To secure the prompt payment and performance of all Obligations
(including, without limitation, all Obligations of the Guarantors), each U.S. Domiciled Obligor hereby grants to Agent, for the benefit of the Secured Parties, a continuing security interest in and Lien upon all Property of such Obligor, in which
such Obligor has rights, or the power to transfer rights, including all of the following Property of such Obligor, whether now or in the future, and wherever located: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all Accounts; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all Goods, including Inventory, Equipment and fixtures;
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all Deposit Accounts (including all cash, cash
equivalents, financial assets, negotiable instruments and other evidence of payment, and other funds on deposit therein or credited thereto); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all securities accounts (including any and all Investment
Property held therein or credited thereto); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all
General Intangibles, including Intellectual Property (including the right to sue and recover for any and all past, present or future infringements of, violations of, dilution of or other damages or injuries to any Intellectual Property); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all monies, whether or not in the possession or under the
control of Agent, a Lender, or a bailee or Affiliate of Agent or a Lender, and any Cash Collateral; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all Supporting Obligations; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all Instruments, Documents and Chattel Paper; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all Investment Property </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(x)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all Letters of Credit (as defined in the UCC) and <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Letter-of-Credit</FONT></FONT> Rights; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">151 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(xi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all
Commercial Tort Claims, including those shown on <B>Schedule 9.1.24</B>; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(xii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all accessions to, substitutions for, and all
replacements, products, and cash and <FONT STYLE="white-space:nowrap">non-cash</FONT> proceeds of the foregoing, including proceeds of and unearned premiums with respect to insurance policies, and claims against any Person for loss, damage or
destruction of any of the Property described in this <B>Section</B><B></B><B>&nbsp;7.1.1(a)</B> (the &#147;<U>Proceeds</U>&#148;); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(xiii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all books and records (including customer lists, files,
correspondence, tapes, computer programs, print-outs and computer records) pertaining to any of the Property described in this <B>Section</B><B></B><B>&nbsp;7.1.1(a)</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Notwithstanding anything to the contrary contained in clauses (i)&nbsp;through (xiii) above, the security interest granted by the U.S.
Domiciled Obligors pursuant to this Agreement shall not extend to, and the &#147;Collateral&#148; of the U.S. Domiciled Obligors shall not include, any Excluded Property. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To secure the prompt payment and performance of all Canadian Facility
Obligations (including, without limitation, all Canadian Facility Obligations of each Canadian Facility Guarantor), each Canadian Domiciled Obligor hereby grants to Agent, for the benefit of the Canadian Facility Secured Parties, the German Facility
Secured Parties and the U.K.<B><U>/Dutch</U></B> Facility Secured Parties a continuing security interest in and Lien upon all of the following Property of such Obligor, in which such Obligor has rights, or the power to transfer rights, whether now
or in the future, and wherever located: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all Accounts;
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all Inventory; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all Deposit Accounts (including all cash, cash
equivalents, financial assets, negotiable instruments and other evidence of payment, and other funds on deposit therein or credited thereto); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all securities accounts (including any and all Investment
Property held therein or credited thereto); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all
Intellectual Property (including the right to sue and recover for any and all past, present or future infringements of, violations of, dilution of or other damages or injuries to any Intellectual Property); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all monies, whether or not in the possession or under the
control of Agent, a Lender, or a bailee or Affiliate of Agent or a Lender that were derived from or consist of any of the Property described in this <B>Section</B><B></B><B>&nbsp;7.1.1(b)</B>, and any Cash Collateral; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all Supporting Obligations of any of the Property
described in this <B>Section</B><B></B><B>&nbsp;7.1.1(b)</B>; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all Instruments, Documents and Chattel Paper, in each
case only to the extent evidencing or governing any of the Property described in this <B>Section</B><B></B><B>&nbsp;7.1.1(b)</B>; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all accessions to, substitutions for, and all
replacements, products, and cash and <FONT STYLE="white-space:nowrap">non-cash</FONT> proceeds of the foregoing, including proceeds of and unearned premiums with respect to insurance policies, and claims against any Person for loss, damage or
destruction of any of the Property described in this <B>Section</B><B></B><B>&nbsp;7.1.1(b)</B> (the &#147;<U>Proceeds</U>&#148;); and </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">152 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(x)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all
books and records (including customer lists, files, correspondence, tapes, computer programs, print-outs and computer records) pertaining to any of the Property described in this <B>Section</B><B></B><B>&nbsp;7.1.1(b)</B>, and any General
Intangibles to the extent evidencing or governing any of the Property described in this <B>Section</B><B></B><B>&nbsp;7.1.1(b)</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>7.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Lien on Deposit Accounts; Cash Collateral</U>. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">7.2.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Deposit Accounts</U>. To further secure the prompt payment and
performance of: (i)&nbsp;all Obligations (including, without limitation, all Obligations of the Guarantors), each U.S. Domiciled Obligor hereby grants to Agent, for the benefit of the Secured Parties, and (ii)&nbsp;all Canadian Facility Obligations
(including, without limitation, all Canadian Facility Obligations of each Canadian Facility Guarantor), each Canadian Domiciled Obligor hereby grants to Agent, for the benefit of the Canadian Facility Secured Parties, the German Facility Secured
Parties and the U.K.<B><U>/Dutch</U></B> Facility Secured Parties, in each case of clauses (i)&nbsp;and (ii), a continuing security interest in and Lien on all amounts credited to any Deposit Account of such Obligor, including any sums in any
blocked or lockbox accounts or in any accounts into which such sums are swept. Each Obligor hereby authorizes and directs each bank or other depository to deliver to Agent, upon request, all balances in any Deposit Account maintained by such
Obligor, without inquiry into the authority or right of Agent to make such request. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">7.2.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Cash Collateral</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any Cash Collateral may be invested, at Agent&#146;s discretion (and with
the consent of Borrowers, as long as no Event of Default exists), but Agent shall have no duty to do so, regardless of any agreement or course of dealing with any Obligor, and shall have no responsibility for any investment or loss. To further
secure the prompt payment and performance of all: (i)&nbsp;Obligations (including, without limitation, all Obligations of the Guarantors), each U.S. Domiciled Obligor hereby grants to Agent, for the benefit of the Secured Parties, (ii)&nbsp;Canadian
Facility Obligations (including, without limitation, all Canadian Facility Obligations of each Canadian Facility Guarantor), each Canadian Domiciled Obligor hereby grants to Agent, for the benefit of the Canadian Facility Secured Parties, the German
Facility Secured Parties and the U.K.<B><U>/Dutch</U></B> Facility Secured Parties, (iii)&nbsp;German Facility Obligations (including, without limitation, all German Facility Obligations of each German Facility Guarantor), each German Domiciled
Obligor hereby, subject to <B>Section</B><B></B><B>&nbsp;5.11.7</B> above, grants to Agent, for the benefit of the German Facility Secured Parties, the U.K.<B><U>/Dutch</U></B> Facility Secured Parties and the Canadian Facility Secured Parties, and
(iv)&nbsp;U.K.<B><U>/Dutch</U></B> Facility Obligations (including, without limitation, all U.K.<B><U>/Dutch</U></B> Facility Obligations of each U.K.<B><U>/Dutch</U></B> Facility Guarantor), each U.K.<B><U>/Dutch</U></B> Domiciled Obligor hereby
grants to Agent, for the benefit of the U.K.<B><U>/Dutch</U></B> Facility Secured Parties, the German Facility Secured Parties and the Canadian Facility Secured Parties, in each case of clauses (i)&nbsp;through (iv), a continuing security interest
in and Lien on all Cash Collateral held from time to time and all proceeds thereof, whether such Cash Collateral is held in a Cash Collateral Account or elsewhere. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agent may apply Cash Collateral of a U.S. Domiciled Obligor to the payment
of any Obligations, may apply Cash Collateral of a Canadian Domiciled Obligor to the payment of any Canadian Facility Obligations, may apply Cash Collateral of a German Domiciled Obligor, subject to, and in accordance with,
<B>Section</B><B></B><B>&nbsp;5.11.7</B> above, to the payment of any German Facility Obligations, and may apply Cash Collateral of a U.K.<B><U>/Dutch</U></B> Domiciled Obligor to the payment of any U.K.<B><U>/Dutch</U></B> Facility Obligations, in
each case, in such order as Agent may elect, as they become due and payable. Each Cash Collateral Account and all Cash Collateral shall be under the sole dominion and control of Agent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No U.S. Domiciled Obligor or other Person claiming through or on behalf of
any U.S. Domiciled Obligor shall have any right to any Cash Collateral, until Full Payment of all Obligations. No Canadian Domiciled Obligor or other Person claiming through or on behalf of any Canadian Domiciled
</P>
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Obligor shall have any right to any Cash Collateral, until Full Payment of all Canadian Facility Obligations. No German Domiciled Obligor or other Person claiming through or on behalf of any
German Domiciled Obligor shall have any right to any Cash Collateral, until Full Payment of all German Facility Obligations. No U.K.<B><U>/Dutch</U></B> Domiciled Obligor or other Person claiming through or on behalf of any U.K.<B><U>/Dutch</U></B>
Domiciled Obligor shall have any right to any Cash Collateral, until Full Payment of all U.K.<B><U>/Dutch</U></B> Facility Obligations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>7.3</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Real Estate Collateral. If any U.S. Domiciled Obligor owns any
Material Real Property as of the Second Amendment to Third Amended and Restated Effective Date, Borrowers shall, within 120 days of the Second Amendment to Third Amended and Restated Effective Date, execute, deliver and record a first priority
(subject to the terms of the Intercreditor Agreement) Mortgage, in form and substance satisfactory to Agent, together with all Related Real Estate Documents. If any U.S. Domiciled Obligor acquires Material Real Property after the Second Amendment to
Third Amended and Restated Effective Date, Borrowers shall promptly notify Agent and, within 120 days, execute, deliver and record a first priority (subject to the terms of the Intercreditor Agreement) Mortgage, in form and substance satisfactory to
Agent, together with all Related Real Estate Documents. Notwithstanding anything contained in this Agreement to the contrary, no Mortgage shall be executed and delivered with respect to any real property unless and until each Lender has received, at
least twenty Business Days prior to such execution and delivery, a life of loan flood zone determination and such other documents as it may reasonably request to complete its flood insurance due diligence and has confirmed to the Agent that flood
insurance due diligence and flood insurance compliance has been completed to its satisfaction. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>7.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Other Collateral</U> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">7.4.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Commercial Tort Claims</U>. U.S. Borrowers shall promptly notify
Agent in writing if any U.S. Domiciled Obligor has a Commercial Tort Claim (other than a Commercial Tort Claim for less than $1,000,000), shall promptly amend <B>Schedule 9.1.24</B> to include such claim, and shall take such actions as Agent deems
appropriate to subject such claim to a duly perfected, first priority (subject to the terms of the Intercreditor Agreement) Lien in favor of Agent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">7.4.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Certain After-Acquired Collateral</U>. Borrowers shall promptly
notify Agent in writing if, after the Original Agreement Closing Date, any Obligor obtains any interest in any Collateral consisting of Deposit Accounts, Chattel Paper, Documents, Instruments, Intellectual Property, Investment Property or <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Letter-of-Credit</FONT></FONT> Rights and, upon Agent&#146;s request, shall promptly take such actions as Agent deems appropriate to effect Agent&#146;s duly perfected, first priority Lien
upon such Collateral, including obtaining any appropriate possession, control agreement or Lien Waiver. If any Collateral is in the possession of a third party, at Agent&#146;s request, Borrowers shall obtain an acknowledgment that such third party
holds the Collateral for the benefit of Agent. <B><U> </U></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>7.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Assumption of Liability</U></B><B>.</B> The Liens on the Collateral granted hereunder are given as security only and shall not subject Agent or any Lender to, or in any way modify, any obligation or liability of any Obligor relating to any
Collateral. In no event shall the grant of any Lien under any Loan Document secure an Excluded Swap Obligation of the granting Obligor. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>7.6</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Further Assurances</U></B><B>.</B> Promptly upon request,
Obligors shall deliver such instruments, assignments, title certificates, or other documents or agreements, and shall take such actions, as Agent deems appropriate under Applicable Law to evidence or perfect its Lien on any Collateral, or otherwise
to give effect to the intent of this Agreement. Each Obligor authorizes Agent to file any financing statement that Agent deems desirable to preserve and perfect Agent&#146;s security interest in the Collateral of such Obligor, and ratifies any
action taken by Agent before the Closing Date to effect or perfect its Lien on any Collateral. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>SECTION&nbsp;8. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;COLLATERAL ADMINISTRATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>8.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Borrowing Base Certificates</U>. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">8.1.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By the 20th day of each month, Borrower Agent shall deliver to Agent
(and Agent shall promptly deliver same to Lenders) a U.S. Borrowing Base Certificate, Canadian Borrowing Base Certificate, German Borrowing Base Certificate, and a U.K.<B><U>/Dutch</U></B> Borrowing Base Certificate, in each case, prepared as of the
close of business of the previous month, and at such other times as Agent may request; <U>provided</U> that during any Reporting Trigger Period, Borrower Agent shall also be required to deliver to Agent weekly U.S. Borrowing Base Certificates,
Canadian Borrowing Base Certificates, German Borrowing Base Certificates, and U.K.<B><U>/Dutch</U></B> Borrowing Base Certificates by the 3rd Business Day of each week which begins during such Reporting Trigger Period, in each case, prepared as of
the close of business on the last Business Day of the previous week (in the case of matters other than those related to Inventory) or of the close of business of the previous month (in the case of matters relating to Inventory). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">8.1.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All calculations of U.S. Availability, Canadian Availability, German
Availability, or U.K.<B><U>/Dutch</U></B> Availability in any Borrowing Base Certificate shall originally be made by Borrower Agent and certified by a Senior Officer of Borrower Agent; <U>provided</U>, that Agent may from time to time review and
adjust any such calculation (a)&nbsp;to reflect its reasonable estimate of declines in value of any Collateral, due to collections received in any Dominion Account or otherwise; (b)&nbsp;to adjust advance rates to reflect changes in dilution,
quality, mix and other factors affecting Collateral; and (c)&nbsp;to the extent the calculation is not made in accordance with this Agreement or does not accurately reflect the U.S. Availability Reserve and/or the Canadian Availability Reserve
and/or the U.K.<B><U>/Dutch</U></B> Availability Reserve and/or the German Availability Reserve. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">8.1.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The U.S. Borrowing Base Certificate shall set forth the calculation of
the U.S. Borrowing Base in Dollars. The Canadian Borrowing Base shall set forth the calculation of the Canadian Borrowing Base in both Canadian Dollars and the Dollar Equivalent thereof along with the Exchange Rate used to determine such Dollar
Equivalent. The U.K.<B><U>/Dutch</U></B> Borrowing Base shall set forth the calculation of the U.K.<B><U>/Dutch</U></B> Borrowing Base in each of British Pounds, Dollars and Euros and the Dollar Equivalent thereof along with the Exchange Rate used
to determine such Dollar Equivalent. The German Borrowing Base shall set forth the calculation of the German Borrowing Base in each of British Pounds, Swiss Francs, Dollars and Euros and the Dollar Equivalent thereof along with the Exchange Rate
used to determine such Dollar Equivalent. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>8.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Administration of
Accounts</U>. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">8.2.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Records and Schedules of Accounts</U>. Each
Obligor shall keep accurate and complete records of its Accounts, including all payments and collections thereon, and shall submit to Agent sales, collection, reconciliation and other reports in form satisfactory to Agent, on such periodic basis as
Agent may request. Borrower Agent shall also provide to Agent, on or before the 20th day of each month, a detailed aged trial balance of all Accounts of each Borrower as of the end of the preceding month, specifying each Account&#146;s Account
Debtor name and address, amount, invoice date and due date, showing any discount, allowance, credit, authorized return or dispute, and including such proof of delivery, copies of invoices and invoice registers, copies of related documents, repayment
histories, status reports and other information as Agent may reasonably request. If Accounts of any Borrower Group in an aggregate face amount of $2,500,000 or more cease to be Eligible Accounts, Borrower Agent shall notify Agent of such occurrence
promptly (and in any event within one Business Day) after any Obligor has knowledge thereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">8.2.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Taxes</U>. If an Account of any Obligor includes a charge for any
Taxes, Agent is authorized, in its discretion, to pay the amount thereof to the proper taxing authority for the account of such </P>
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Obligor and to charge the Borrowers of the applicable Borrower Group therefor; <U>provided</U>, <U>however</U>, that neither Agent nor Lenders shall be liable for any Taxes that may be due from
any Obligor or with respect to any Collateral. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">8.2.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Account
Verification</U>. Whether or not a Default or Event of Default exists, Agent shall have the right at any time, in the name of Agent, any designee of Agent or any Obligor, to verify the validity, amount or any other matter relating to any Accounts of
Obligors by mail, telephone or otherwise. Obligors shall cooperate fully with Agent in an effort to facilitate and promptly conclude any such verification process. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">8.2.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Maintenance of Dominion Accounts</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Domiciled Obligors, Canadian Domiciled Obligors<FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE></STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><FONT STYLE="font-family:Times New Roman"><STRIKE> and commencing 90 days after the </STRIKE></FONT><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>Closing</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman"><STRIKE> Date (or such later
date as Agent may approve in its sole discretion)</STRIKE></FONT></B>, German<B><U> Domiciled Obligors, and Dutch</U></B> Domiciled Obligors shall maintain Dominion Accounts pursuant to lockbox or other arrangements acceptable to Agent. U.S.
Domiciled Obligors, Canadian Domiciled Obligors, <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>and </STRIKE></FONT></B>commencing 90 days after the Closing Date (or such later date as Agent may approve in its sole discretion),
German Domiciled Obligors<B><U>,</U></B><B><FONT STYLE="font-family:Times New Roman"><U> and commencing 90 days after the </U></FONT></B><B><U>Sixth Amendment Effective</U></B><B><FONT STYLE="font-family:Times New Roman"><U> Date (or such later date
as Agent may approve in its sole discretion)</U></FONT></B><B><U>, Dutch Domiciled Obligors,</U></B> shall obtain an agreement (in form and substance satisfactory to Agent) from each lockbox servicer and Dominion Account bank, establishing
Agent&#146;s control over and Lien <B><U>(governed by the laws of the jurisdiction in which such Dominion Account is domiciled) </U></B>in the lockbox or Dominion Account, which may be exercised by Agent during any Dominion Trigger Period, requiring
immediate deposit of all remittances received in the lockbox to a Dominion Account, and waiving offset rights of such servicer or bank, except for customary administrative charges. If a Dominion Account of a U.S. Domiciled Obligor, Canadian
Domiciled Obligor<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;or</STRIKE></FONT></B><B><U>,</U></B> commencing 90 days after the
Closing Date (or such later date as Agent may approve in its sole discretion), German Domiciled Obligor<B><U>, or commencing 90 days after the Sixth Amendment Effective Date (or such later date as Agent may approve in its sole discretion), Dutch
Domiciled Obligor</U></B> is not maintained with Bank of America or Bank of America (Canada), as applicable, Agent may, during any Dominion Trigger Period, require immediate transfer of all funds in such account to a Dominion Account maintained with
Bank of America or Bank of America (Canada), as applicable. </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.K. Domiciled Obligors shall maintain Dominion Accounts at all times
pursuant to arrangements acceptable to Agent. U.K. Domiciled Obligors shall obtain an agreement (in form and substance satisfactory to Agent) from each Dominion Account bank, establishing Agent&#146;s control over and Lien in the Dominion Account at
all times and waiving offset rights of such bank, except for customary administrative charges. If a Dominion Account of a U.K. Domiciled Obligor is not maintained with Bank of America, N.A., London Branch, Agent may require immediate transfer of all
funds in such account to a Dominion Account maintained with Bank of America, N.A., London Branch. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agent and Lenders assume no responsibility to any Obligor for any lockbox
arrangement or Dominion Account, including any claim of accord and satisfaction or release with respect to any Payment Items accepted by any bank. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">8.2.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Proceeds of Collateral</U>. Obligors (other than the German
Domiciled Obligors) shall request in writing and otherwise take all necessary steps to ensure that all payments on Accounts or otherwise relating to Collateral are made directly to a Dominion Account (or a lockbox relating to a Dominion Account). If
any Obligor (other than the German Domiciled Obligors) receives cash or Payment Items with respect to any Collateral, it shall hold same in trust for Agent and promptly (not later than the next Business Day) deposit same into a Dominion Account.
Commencing 90 days after the Closing Date (or such later date as Agent may approve in its sole discretion), the German Domiciled Obligors shall </P>
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request in writing and otherwise take all necessary steps to ensure that all payments on Accounts or otherwise relating to Collateral are made directly to a German Dominion Account of such German
Domiciled Obligor (or a lockbox relating to a German Dominion Account of such German Domiciled Obligor). Upon completion of the conditions set forth in Section&nbsp;10.1.18(a), if any German Domiciled Obligor receives cash or Payment Items with
respect to any Collateral, it shall hold same in trust for Agent and promptly (not later than the next Business Day) deposit same into a German Dominion Account of such German Domiciled Obligor. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>8.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Administration of Inventory</U>. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">8.3.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Records and Reports of Inventory</U>. Each Obligor shall keep
accurate and complete records of its Inventory, including costs and daily withdrawals and additions, and shall submit to Agent inventory and reconciliation reports in form satisfactory to Agent, on such periodic basis as Agent may request. Each
Obligor shall conduct periodic cycle counts consistent with historical practices, and shall provide to Agent a report based on each such count promptly upon completion thereof, together with such supporting information as Agent may request. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">8.3.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Returns of Inventory</U>. No Obligor shall return any Inventory to a
supplier, vendor or other Person, whether for cash, credit or otherwise, unless (a)&nbsp;such return is in the Ordinary Course of Business; (b)&nbsp;no Default, Event of Default or Overadvance exists or would result therefrom; (c)&nbsp;Agent is
promptly notified if the aggregate Value of all Inventory returned in any month exceeds $5,000,000; and (d)&nbsp;any payment received by an Obligor for a return during any Dominion Trigger Period is promptly remitted to Agent for application to the
Obligations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">8.3.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Acquisition, Sale and Maintenance</U>. No Obligor
shall acquire or accept any Inventory on consignment or approval, and each Obligor shall take all steps to assure that all Inventory is produced in accordance with Applicable Law, including the FLSA. Except to the extent permitted by
<B>Section</B><B></B><B>&nbsp;10.2.5(b)</B> in the case of consignments, no Obligor shall sell any Inventory on consignment or approval or any other basis under which the customer may return or require an Obligor to repurchase such Inventory. Each
Obligor shall use, store and maintain all Inventory with reasonable care and caution, in accordance with applicable standards of any insurance and in conformity with all Applicable Law, and, except in cases of good faith disputes, shall make current
rent payments (within applicable grace and cure periods provided for in leases) at all locations where any Collateral is located. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>8.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Intentionally Omitted</U>. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>8.5</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Administration of Deposit Accounts</U></B><B>.</B> Each
Obligor shall take all actions necessary to establish Agent&#146;s control of all Deposit Accounts (including Dominion Accounts) and securities accounts maintained by such Obligor; <U>provided</U>, <U>however</U>, that such control shall not be
required for the following (collectively, the &#147;<U>Excluded Deposit Accounts</U>&#148;): (a) an account exclusively used for payroll, payroll taxes or employee benefits, (b)&nbsp;an account held by a German Domiciled Obligor and used exclusively
to collect funds from promotional voucher schemes which that such German Domiciled Obligor holds on trust for the participants of such promotional voucher scheme, (c)&nbsp;at any time during which an Event of Default does not exist, an account
containing not more than $250,000, <U>provided</U>, that the aggregate amounts contained in all such accounts referred to in this clause (c)&nbsp;for which Agent does not have control at any time shall not exceed $1,000,000, and (d)&nbsp;at any time
during which an Event of Default does not exist, an account of a German Domiciled Obligor which is not maintained with a German domiciled bank and which contains not more than &#128;500,000, <U>provided</U>, that the aggregate amounts contained in
all such accounts referred to in this clause (d)&nbsp;for which Agent does not have control at any time shall not exceed &#128;2,000,000. The applicable Obligor shall be the sole account holder of each Deposit Account or securities account and shall
not allow any other Person (other than Agent) to have control over a Deposit Account, securities account </P>
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or any Property deposited therein. Each of the Obligors shall promptly notify Agent in writing of any opening or closing of a Deposit Account or securities account and, concurrently with the
opening thereof, shall ensure that such account (except an Excluded Deposit Account) is subject to a fully executed Deposit Account Control Agreement or, in the case of a securities account, similar control agreement in favor of Agent and acceptable
to Agent. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>8.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>General Provisions</U>. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">8.6.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Location of Collateral</U>. All tangible items of Collateral, other
than Inventory in transit (including in transit to or from a manufacturing facility), shall at all times be kept by Obligors at the business locations for such Obligors set forth in <B>Schedule 8.6.1</B>, except that Obligors may (a)&nbsp;make sales
or other dispositions of Collateral in accordance with <B>Section</B><B></B><B>&nbsp;10.2.5</B>; and (b)&nbsp;move Collateral to another location in the United States or, in the case of: (i)&nbsp;a Canadian Domiciled Obligor, in Canada, (ii)&nbsp;a
German Domiciled Obligor, in Germany<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>,</STRIKE></FONT></B> or<B><U>, with the consent of the Agent, the United Kingdom,</U></B> (iii)&nbsp;a U.K. Domiciled Obligor, in <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>England, Wales, Scotland or Northern Ireland</STRIKE></FONT></B><B><U>the United Kingdom or, with the consent of the Agent, Germany, (iv)</U></B><B><U></U></B><B><U>&nbsp;a Dutch Domiciled
Obligor, in the Netherlands or the United Kingdom or (v)</U></B><B><U></U></B><B><U>&nbsp;a U.S. Domiciled Obligor, the United Kingdom</U></B> (subject, in each case, to Agent being granted a first priority Lien (subject to Permitted Liens) if none
has been previously granted in such province or territory), in each case, upon 15 Business Days&#146; prior written notice to Agent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">8.6.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Insurance of Collateral; Condemnation Proceeds</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Obligor shall maintain insurance with respect to the Collateral,
covering casualty, hazard, theft, malicious mischief, flood and other risks, in amounts, with endorsements and with insurers (with a Best&#146;s Financial Strength Rating of at least A<SUP STYLE="font-size:75%; vertical-align:top">_</SUP> VII,
unless otherwise approved by Agent) satisfactory to Agent; provided, that if Real Estate secures any Obligations, flood hazard diligence, documentation and insurance for such Real Estate shall comply with all Flood Laws or shall otherwise be
satisfactory to all Lenders. From time to time upon request, Borrower Agent shall deliver to Agent the originals or certified copies of its insurance policies and updated flood plain searches. Unless Agent shall agree otherwise, each policy shall
include satisfactory endorsements (i)&nbsp;showing Agent as lender first loss payee (with respect to property policies only); (ii) requiring at least 30 days prior written notice to Agent in the event of cancellation of the policy for any reason
whatsoever; and (iii)&nbsp;specifying that the interest of Agent shall not be impaired or invalidated by any act or neglect of any Obligor or the owner of the Property, nor by the occupation of the premises for purposes more hazardous than are
permitted by the policy. If any Obligor fails to provide and pay for any insurance, Agent may, at its option, but shall not be required to, procure the insurance and charge Borrowers therefor. Each Obligor agrees to deliver to Agent, promptly as
rendered, copies of all reports made to insurance companies. While no Event of Default exists, Obligors may settle, adjust or compromise any insurance claim, as long as the proceeds are delivered to Agent in accordance with
<B>Section</B><B></B><B>&nbsp;8.6.2(b)</B>. If an Event of Default exists, only Agent shall be authorized to settle, adjust and compromise any claims involving any Collateral. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any proceeds of insurance relating to the Collateral and any awards
arising from condemnation of any Collateral shall be paid to Agent for application to the Obligations in accordance with the terms hereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">8.6.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Protection of Collateral</U>. All expenses of protecting, storing,
warehousing, insuring, handling, maintaining and shipping any Collateral, all Taxes payable with respect to any Collateral (including any sale thereof), and all other payments required to be made by Agent to any Person to realize upon any
Collateral, shall be borne and paid by Borrowers. Agent shall not be liable or responsible in any way for the safekeeping of any Collateral, for any loss or damage thereto (except for reasonable care in its custody while Collateral is in
Agent&#146;s actual possession), for any diminution in the value thereof, or for any </P>
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act or default of any warehouseman, carrier, forwarding agency or other Person whatsoever, but the same shall be at Obligors&#146; sole risk. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">8.6.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Defense of Title to Collateral</U>. Each Obligor shall at all times
defend its title to Collateral and Agent&#146;s Liens therein against all Persons, claims and demands whatsoever, except Permitted Liens. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>8.7</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Power of Attorney</U></B><B>.</B> Each Obligor hereby
irrevocably constitutes and appoints Agent (and all Persons designated by Agent) as such Obligor&#146;s true and lawful attorney (and <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">agent-in-fact),</FONT></FONT> coupled with an
interest, for the purposes provided in this Section. Agent, or Agent&#146;s designee, may, without notice and in either its or<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;a</STRIKE></FONT></B> an Obligor&#146;s name, but at the cost and expense of the Borrowers: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Endorse an Obligor&#146;s name on any Payment Item or other proceeds of
Collateral (including proceeds of insurance) that come into Agent&#146;s possession or control; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During an Event of Default, (i)&nbsp;notify any Account Debtors of the
assignment or charging of their Accounts, demand and enforce payment of Accounts, by legal proceedings or otherwise, and generally exercise any rights and remedies with respect to Accounts; (ii)&nbsp;settle, adjust, modify, compromise, discharge or
release any Accounts or other Collateral, or any legal proceedings brought to collect Accounts or Collateral; (iii)&nbsp;sell or assign any Accounts and other Collateral upon such terms, for such amounts and at such times as Agent deems advisable;
(iv)&nbsp;collect, liquidate and receive balances in Deposit Accounts or securities accounts, and take control, in any manner, of any proceeds of Collateral; (v)&nbsp;prepare, file and sign an Obligor&#146;s name to a proof of claim or other
document in a bankruptcy or other Insolvency Proceeding of an Account Debtor, or to any notice, assignment or satisfaction of Lien or similar document; (vi)&nbsp;receive, open and dispose of mail addressed to an Obligor where the addressor is any
Account Debtor or where the addressor is not identifiable with certainty, and notify postal authorities to deliver any such mail to an address designated by Agent; (vii)&nbsp;endorse any Chattel Paper, Document, Instrument, invoice, freight bill,
bill of lading, or other document or agreement relating to any Accounts, Inventory or other Collateral; (viii)&nbsp;use an Obligor&#146;s stationery and sign its name to verifications of Accounts and notices to Account Debtors; (ix)&nbsp;use the
information recorded on or contained in any data processing, electronic or information systems relating to any Collateral; (x)&nbsp;make and adjust claims under insurance policies; (xi)&nbsp;take any action as may be necessary or appropriate to
obtain payment under any letter of credit, banker&#146;s acceptance or other instrument for which an Obligor is a beneficiary; (xii)&nbsp;exercise any voting or other rights under or with respect to any Investment Property; and (xiii)&nbsp;take all
other actions as Agent deems appropriate to fulfill any Obligor&#146;s obligations under the Loan Documents. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>SECTION&nbsp;9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;REPRESENTATIONS AND WARRANTIES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>9.1</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>General Representations and Warranties</U></B><B>.</B> To
induce Agent and Lenders to enter into this Agreement and to make available the Commitments, Loans and Letters of Credit, each Obligor represents and warrants that: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">9.1.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Existence, Qualification and Power; Compliance with Applicable
Laws</U>. Each Obligor and each Subsidiary (a)&nbsp;is duly organized or formed, validly existing and in good standing under the laws of the jurisdiction of its incorporation or organization, (b)&nbsp;has all requisite power and authority and all
requisite governmental licenses, authorizations, consents and approvals to (i)&nbsp;own its assets and carry on its business and (ii)&nbsp;execute, deliver and perform its obligations under the Loan Documents to which it is a party, (c)&nbsp;is duly
qualified and is licensed and in good standing under the laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification or license, and (d)&nbsp;is in compliance with all
Applicable Laws; except in each case referred to in clause (b)(i), (c) or (d), to the extent that failure to do so could not reasonably be expected to have a </P>
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Material Adverse Effect. No Obligor is an EEA Financial Institution. As of the Closing Date, the information included in the Beneficial Ownership Certification most recently provided to Agent and
Lenders prior to the Closing Date is true and complete in all respects. The information included in each Beneficial Ownership Certification provided to Agent or any Lender after the Closing Date shall be true and complete in all respects as of the
date such Beneficial Ownership Certification is so provided. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">9.1.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Authorization; No Contravention</U>. The execution, delivery and
performance by each Obligor of each Loan Document to which such Person is party, have been duly authorized by all necessary corporate or other organizational action, and do not and will not (a)&nbsp;contravene the terms of any of such Person&#146;s
Organic Documents; (b)&nbsp;conflict with or result in any breach of or contravention under (i)&nbsp;any Contractual Obligation to which such Person is a party or by which it is bound, the termination or adverse modification of which could
reasonably be expected to have a Material Adverse Effect, or (ii)&nbsp;any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Person or its property is subject; (c)&nbsp;result in the creation of any
Lien (other than Permitted Liens), or (d)&nbsp;violate any Applicable Law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">9.1.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Governmental Authorization; Other Consents</U>. No approval,
consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority is necessary or required in connection with the execution, delivery or performance by, or enforcement against, any Obligor of this
Agreement or any other Loan Document except for<B><U> (i)</U></B>&nbsp;such approvals, consents, exemptions, authorizations, actions, notices and filings which have been obtained, taken, given or made and are in full force and effect<B><U> and
(ii)</U></B><B><U></U></B><B><U>&nbsp;registration of the Dutch Security Documents at the Dutch tax authorities, the Dutch land registry, any relevant intellectual property register and payment of associated fees (if applicable)</U></B>. All
necessary import, export or other licenses, permits or certificates for the import or handling of any goods or other Collateral have been procured and are in effect, and Obligors and Subsidiaries have complied with all foreign and domestic laws with
respect to the shipment and importation of any goods or Collateral, except where noncompliance could not reasonably be expected to have a Material Adverse Effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">9.1.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Binding Effect</U>. This Agreement has been, and each other Loan
Document, when delivered hereunder, will have been, duly executed and delivered by each Obligor that is party thereto. This Agreement constitutes, and each other Loan Document when so delivered will constitute, in case of Section&nbsp;7.2.1 and
Section&nbsp;7.2.2 above, subject to any notification or other perfection requirements under any Applicable Law, a legal, valid and binding obligation of such Obligor, enforceable against each Obligor that is party thereto in accordance with its
terms, except as enforceability may be limited by applicable bankruptcy, insolvency, or similar laws affecting the enforcement of creditors&#146; rights generally or by equitable principles relating to enforceability. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">9.1.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Financial Statements; No Material Adverse Effect</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The consolidated and consolidating balance sheets, and related statements
of income, cash flow and shareholder&#146;s equity, of Parent, its Subsidiaries and the Excluded Subsidiaries, as applicable, that have been and are hereafter delivered to Agent and Lenders (i)&nbsp;are prepared in accordance with GAAP consistently
applied throughout the period covered thereby, except as otherwise expressly noted therein; (ii)&nbsp;fairly present the financial positions and results of operations of Parent, its Subsidiaries and the Excluded Subsidiaries, as applicable, at the
dates and for the periods indicated, except as otherwise expressly noted therein; and (iii)&nbsp;show all material indebtedness and other liabilities, direct or contingent, of Parent, its Subsidiaries and the Excluded Subsidiaries, as applicable, as
of the date thereof, including liabilities for taxes, material commitments and Debt, to the extent required by GAAP to be shown on such financial statements. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Since December&nbsp;31,
2010, there has been no change in the condition, financial or otherwise, of any Borrower or any Subsidiary that could reasonably be expected to have a Material Adverse Effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Borrower is Solvent and Parent and the Subsidiaries on a consolidated
basis are Solvent. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">9.1.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Litigation</U>. There are no actions, suits,
proceedings, claims or disputes pending or, to the knowledge of any Obligor, threatened or contemplated, at law, in equity, in arbitration or before any Governmental Authority, by or against any Borrower or any Subsidiaries or against any of their
properties or revenues that (a)&nbsp;purport to affect or pertain to this Agreement or any other Loan Document, or any of the transactions contemplated hereby, or (b)&nbsp;either individually or in the aggregate, if determined adversely, could
reasonably be expected to have a Material Adverse Effect. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">9.1.7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Default</U>. No Borrower or Subsidiary is in default under or with respect to any Contractual Obligation that could, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. No Default or Event of Default
has occurred and is continuing or would result from the consummation of the transactions contemplated by this Agreement or any other Loan Document. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">9.1.8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Ownership of Property; Liens</U>. Each Borrower and each Subsidiary
has good record and marketable title in fee simple to, or valid leasehold interests in, all Real Estate necessary or used in the ordinary conduct of its business (other than minor defects in title as could not, individually or in the aggregate,
reasonably be expected to have a Material Adverse Effect), and all personal Property, including all Property reflected in any financial statements delivered to Agent or Lenders, in each case free of Liens except Permitted Liens. Except disclosed on
the survey delivered to Agent as part of the Related Real Estate Documents, no Real Estate is located in a special flood hazard zone, except as disclosed on Schedule 9.1.8. Each Borrower and each Subsidiary has paid and discharged all lawful claims
that, if unpaid, could become a Lien on its Properties, other than Permitted Liens. All Liens of Agent in the Collateral are duly perfected, first priority Liens, subject only to Permitted Liens that are expressly allowed to have priority over
Agent&#146;s Liens. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">9.1.9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Environmental Compliance</U>. Borrowers and
Subsidiaries conduct in the Ordinary Course of Business a review of the effect of existing Environmental Laws and claims alleging potential liability or responsibility for violation of any Environmental Law on their respective businesses, operations
and properties (including Real Estate), and as a result thereof the Obligors have reasonably concluded that, except as specifically disclosed on Schedule 9.1.9, such Environmental Laws and claims could not, individually or in the aggregate
reasonably be expected to have a Material Adverse Effect. No Borrower or Subsidiary has any contingent liability with respect to any Environmental Release, environmental pollution or hazardous material on any Real Estate now or previously owned,
leased or operated by it. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">9.1.10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Insurance</U>. The properties of
Borrowers and Subsidiaries are insured with financially sound and reputable insurance companies not Affiliates of any Obligor, in such amounts (after giving effect to any self-insurance compatible with the following standards), with such deductibles
and covering such risks as are customarily carried by companies engaged in similar businesses and owning similar properties in localities where the applicable Borrower or the applicable Subsidiary operates. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">9.1.11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Taxes</U>. Each Borrower and each Subsidiary has filed all federal,
state and material local tax returns and other material reports that it is required by law to file, and has paid, or made proper provision in accordance with relevant accounting standards for the payment of, all Taxes upon it, its income and its
Properties that are due and payable, except to the extent being Properly Contested. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">9.1.12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>ERISA; Canadian
Pension </U>Plan Compliance. Except as disclosed on Schedule 9.1.12: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Plan is in compliance in all material respects with the applicable
provisions of ERISA, the Code and other Federal or state Laws. Each Plan that is intended to qualify under Section&nbsp;401(a) of the Code has received a favorable determination letter from the IRS or an application for such a letter is currently
being processed by the IRS with respect thereto and, to the best knowledge of Obligors, nothing has occurred which would prevent, or cause the loss of, such qualification. Parent and each ERISA Affiliate has made all required contributions to each
Plan subject to Section&nbsp;412 of the Code, and no application for a funding waiver or an extension of any amortization period pursuant to Section&nbsp;412 of the Code has been made with respect to any Plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There are no pending or, to the best knowledge of Obligors, threatened
claims, actions or lawsuits, or action by any Governmental Authority, with respect to any Plan that could be reasonably be expected to have a Material Adverse Effect. There has been no prohibited transaction or violation of the fiduciary
responsibility rules with respect to any Plan that has resulted or could reasonably be expected to result in a Material Adverse Effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No Canadian Borrower or any Canadian Subsidiary provides benefits to
retired Canadian Employees or to beneficiaries or dependents of retired Canadian Employees. Except as would not reasonably be expected to result in a Material Adverse Effect, Canadian Borrower and each Canadian Subsidiary is in compliance with all
Requirements of Law and all Canadian Employee Benefits Legislation and health and safety, workers compensation, employment standards, labor relations, health insurance, employment insurance, protection of personal information, human rights laws and
any Canadian federal, provincial or local counterparts or equivalents in each case, as applicable to the Canadian Employees and as amended from time to time. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) No ERISA Event has occurred or is reasonably expected to occur;
(ii)&nbsp;no Pension Plan has any Unfunded Pension Liability; (iii)&nbsp;neither Parent nor any ERISA Affiliate has incurred, or reasonably expects to incur, any liability under Title IV of ERISA with respect to any Pension Plan (other than premiums
due and not delinquent under Section&nbsp;4007 of ERISA); (iv) neither Parent nor any ERISA Affiliate has incurred, or reasonably expects to incur, any liability (and no event has occurred which, with the giving of notice under Section&nbsp;4219 of
ERISA, would result in such liability) under Sections 4201 or 4243 of ERISA with respect to a Multiemployer Plan; and (v)&nbsp;neither Parent nor any ERISA Affiliate has engaged in a transaction that could be subject to Sections 4069 or 4212(c) of
ERISA. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canadian Borrower and Canadian Subsidiaries are in compliance
with the requirements of the PBA and other federal, provincial or state laws with respect to each Canadian Pension Plan, except where the failure to so comply would not reasonably be expected to have a Material Adverse Effect. No fact or situation
that may reasonably be expected to result in a Material Adverse Effect exists in connection with any Canadian Pension Plan. Neither Canadian Borrower nor any<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;of</STRIKE></FONT></B> Canadian Subsidiary has any material withdrawal liability in connection with a Plan. No Termination Event has occurred. Each Canadian Pension Plan has no
solvency deficiency and is fully funded as required under the most recent actuarial valuation filed with the applicable Governmental Authority pursuant to generally accepted actuarial practices and principles. No fact or circumstance exists that
could adversely affect the <FONT STYLE="white-space:nowrap">tax-exempt</FONT> status of a Canadian Pension Plan. No Lien has arisen, choate or inchoate, in respect of Canadian Borrower or Canadian Subsidiaries or their property in connection with
any Canadian Pension Plan (save for contribution amounts not yet due). No Canadian Pension Plan provides benefits on a defined benefit basis. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With respect to any Foreign Plan, except as could not reasonably be
expected to have a Material Adverse Effect, (i)&nbsp;all employer and employee contributions required by law or by the terms </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">162 </P>

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of the Foreign Plan have been made, or, if applicable, accrued, in accordance with normal accounting practices; (ii)&nbsp;the fair market value of the assets of each funded Foreign Plan, the
liability of each insurer for any Foreign Plan funded through insurance, or the book reserve established for any Foreign Plan, together with any accrued contributions, is sufficient to procure or provide for the accrued benefit obligations with
respect to all current and former participants in such Foreign Plan according to the actuarial assumptions and valuations most recently used to account for such obligations in accordance with applicable generally accepted accounting principles; and
(iii)&nbsp;it has been registered as required and has been maintained in good standing with applicable regulatory authorities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No U.K. Domiciled Obligor nor any of its U.K. subsidiaries is nor has at
any time been: (i)&nbsp;an employer (for the purposes of Sections 38 to 51 of the Pensions Act 2004 of the United Kingdom) of an occupational pension scheme which is not a money purchase scheme (as those terms are defined in the Pension Schemes Act
1993 of the United Kingdom); or (ii) &#147;connected&#148; with or an &#147;associate&#148; of the Parent or any of its Subsidiaries which is such an employer (as those terms are used in Sections 38 and 43 of the Pensions Act 2004 of the United
Kingdom) in relation to an occupational pension scheme in the United Kingdom which is not a money purchase scheme. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">9.1.13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Subsidiaries</U>. Schedule 9.1.13 shows, for each Borrower and each
Subsidiary, its name and its jurisdiction of organization. Schedule 9.1.13 shows, for each Subsidiary of Parent, its authorized and issued Equity Interests, the holders of its Equity Interests, and all agreements binding on such holders with respect
to their Equity Interests. Except as disclosed on Schedule 9.1.13, in the five years preceding the Closing Date, no Borrower or Subsidiary has acquired any substantial assets from any other Person nor been the surviving entity in a merger,
amalgamation or combination. Each Borrower has good title to its Equity Interests in its Subsidiaries, and all such Equity Interests are duly issued, fully paid and <FONT STYLE="white-space:nowrap">non-assessable.</FONT> There are no outstanding
purchase options, warrants, subscription rights, agreements to issue or sell, convertible interests, phantom rights or powers of attorney relating to Equity Interests of any Subsidiary of Parent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">9.1.14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Margin Regulations; Investment Company Act</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No Borrower or Subsidiary is engaged, principally or as one of its
important activities, in the business of extending credit for the purpose of purchasing or carrying any Margin Stock. No Loan proceeds or Letters of Credit will be used by Borrowers to purchase or carry, or to reduce or refinance any Debt incurred
to purchase or carry, any Margin Stock or for any related purpose, in each case, in violation of Regulations T, U or X of the Board of Governors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;None of the Borrowers is or is required to be registered as an
&#147;investment company&#148; under the Investment Company Act of 1940. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">9.1.15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Disclosure</U>. No written report, financial statement, certificate
or other written information furnished by or on behalf of any Obligor to Agent or any Lender in connection with the transactions contemplated hereby and the negotiation of this Agreement or delivered hereunder (as modified or supplemented by other
information so furnished) taken as a whole contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading;
provided that, with respect to projected financial information, the Borrowers represent only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time (it being understood that projections are
subject to significant uncertainties and contingencies, many of which are beyond the Borrowers&#146; control, and that no assurance can be given the projections will be realized). </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">9.1.16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Compliance with
Laws</U>. Each Borrower and each Subsidiary is in compliance in all material respects with the requirements of all Applicable Laws and all orders, writs, injunctions and decrees applicable to it or to its Properties, except in such instances in
which (a)&nbsp;such requirement of Applicable Law or order, writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted or (b)&nbsp;the failure to comply therewith, either individually or in the
aggregate, could not reasonably be expected to have a Material Adverse Effect. Except as would not reasonably be expected to have a Material Adverse Effect, no Inventory has been produced in violation of the FLSA. The undertakings and covenants
provided in this Section<B>&nbsp;9.1.16</B> shall<B><U> (i)</U></B><B><U></U></B><B><U>&nbsp;only be made by and apply to the Dutch Borrower to the extent that giving of and complying with such representations and warranties / undertakings does not
result in a violation of or conflict with or does not expose any Obligor to any liability under the Council Regulation (EC) 2271/96 or any similar anti-boycott laws or regulations and (ii)</U></B>&nbsp;be provided only insofar as they do not result,
in relation to a German Relevant Party, in a violation of or conflict with section 7 German Foreign Trade Regulation (Au&szlig;enwirtschaftsverordnung) or any provision of Council Regulation (EC) 2271/1996. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">9.1.17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Intellectual Property; Licenses, Etc</U>. To the best knowledge of
Obligors, or as could not reasonably be expected to have a Material Adverse Effect, Borrowers and Subsidiaries own, or possess the lawful right to use, all Intellectual Property necessary for the conduct of its business, without conflict with the
rights of any other Person. To the best knowledge of Obligors, no slogan or other advertising device, product, process, method, substance, part or other material now employed by any Borrower or any Subsidiary infringes upon any valid, proprietary
rights held by any other Person that could result in a claim, that, if successful, could reasonably be expected to have a Material Adverse Effect. No claim or litigation regarding any of the foregoing is pending or, to the best knowledge of the
Obligors, threatened, which, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. Borrower Agent has disclosed on <B>Schedule </B>9.1.17 (i) all Royalties or other compensation paid by any Borrower
or Subsidiary to any Person with respect to any Intellectual Property and (ii)&nbsp;all Intellectual Property registrations, filings and applications for registration owned by any Obligor (in each case other than the German Domiciled Obligors). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">9.1.18.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Accounts</U>. Agent may rely, in determining which Accounts are
Eligible Accounts, on all statements and representations made by Borrowers with respect thereto. Borrowers warrant, with respect to each Account at the time it is shown as an Eligible Account in a Borrowing Base Certificate, that: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;it is genuine and in all respects what it purports to be, and is not
evidenced by a judgment; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;it arises out of a completed, bona fide sale
and delivery of goods or rendition of services in the Ordinary Course of Business, and substantially in accordance with any purchase order, contract or other document relating thereto; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;it is for a sum certain, maturing as stated in the invoice covering such
sale or rendition of services, a copy of which has been furnished or is available to Agent on request; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;it is not subject to any offset, Lien (other than Agent&#146;s Lien),
deduction, defense, dispute, counterclaim or other adverse condition except as arising in the Ordinary Course of Business and disclosed to Agent; and it is absolutely owing by the Account Debtor, without contingency in any respect; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;no purchase order, agreement, document or Applicable Law restricts
assignment of the Account to Agent (regardless of whether, under the UCC or PPSA, the restriction is ineffective), and the applicable Borrower is the sole payee or remittance party shown on the invoice; </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;no extension,
compromise, settlement, modification, credit, deduction or return has been authorized with respect to the Account, except discounts or allowances granted in the Ordinary Course of Business for prompt payment that are reflected on the face of the
invoice related thereto and in the reports submitted to Agent hereunder; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to the best of Borrowers&#146; knowledge, (i)&nbsp;there are no facts or
circumstances that are reasonably likely to impair the enforceability or collectibility of such Account; (ii)&nbsp;the Account Debtor had the capacity to contract when the Account arose, continues to meet the applicable Borrower&#146;s customary
credit standards, is Solvent, is not contemplating or subject to an Insolvency Proceeding, and has not failed, or suspended or ceased doing business; and (iii)&nbsp;there are no proceedings or actions threatened or pending against any Account Debtor
that could reasonably be expected to have a material adverse effect on the Account Debtor&#146;s financial condition. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">9.1.19.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Brokers</U>. There are no brokerage commissions, finder&#146;s fees
or investment banking fees payable in connection with any transactions contemplated by the Loan Documents. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">9.1.20.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Trade Relations</U>. Except as would not reasonably be expected to
have a Material Adverse Effect, there exists no actual or threatened termination, limitation or modification of any business relationship between any Borrower or Subsidiary and any customer or supplier, or any group of customers or suppliers, who
individually or in the aggregate are material to the business of such Borrower or Subsidiary. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">9.1.21.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Labor Relations</U>. Except as described on Schedule 9.1.21, no
Obligor is party to or bound by any collective bargaining agreement. Except as would not reasonably be expected to have a Material Adverse Effect, there are no material grievances, disputes or controversies with any union or other organization of
any Borrower&#146;s or Subsidiary&#146;s employees, or, to any Obligor&#146;s knowledge, any asserted or threatened strikes, work stoppages or demands for collective bargaining. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">9.1.22.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>OFAC</U>. No Obligor (i)&nbsp;or (to the knowledge of any Obligor)
any director, officer, employee, agent, affiliate or representative thereof, is or is owned or controlled by any individual or entity that is currently the target of any Sanction or is located, organized or resident in a Designated Jurisdiction,
(ii)&nbsp;is a person whose property or interest in property is blocked or subject to blocking pursuant to (A)&nbsp;Section&nbsp;1 of Executive Order 13224 of September&nbsp;23, 2001 Blocking Property and Prohibiting Transactions With Persons Who
Commit, Threaten to Commit, or Support Terrorism (66 Fed. Reg. 49079 (2001)), (B) the United Nations Act (Canada), the Special Economic Measures Act (Canada), the Export and Import Permits Act (Canada), the Freezing Assets of Corrupt Foreign
Officials Act (Canada), the Criminal Code (Canada), the Defence Production Act (Canada), the Proceeds of Crime Act, the Anti-terrorism Act (Canada) or the Foreign Extraterritorial Measures Act (Canada) (together with and all regulations and orders
made thereunder, collectively, &#147;Canadian Sanctions Laws&#148;), or (C)&nbsp;the Proceeds of Crime Act 2002, the Counter-Terrorism Act 2008 and Export Control Order 2008, the Export Control Act 2002, the Export Control <FONT
STYLE="white-space:nowrap">(Al-Qaida</FONT> and Taliban Sanctions) Regulations 2011, the Terrorist Asset-Freezing etc. Act 2010 and the Consolidated List of Financial Sanctions Targets administered by HM Treasury through the Office of Financial
Sanctions Implementations, EU Council Regulation 2580/2001 and all supplementary instruments thereto including Implementing Resolution 1169/2012 and EU (EC) Regulation 881/2002, (EU) 753/2011, (EU) 754/2011 and (EU) 2017/1411 (collectively, the
&#147;U.K. Sanctions Laws&#148;), (iii) engages in any dealings or transactions prohibited by (A)&nbsp;Section&nbsp;2 of such executive order, (B)&nbsp;Canadian Sanctions Laws or (C)&nbsp;U.K. Sanctions Laws, or is otherwise associated with any such
person in any manner violative of Section&nbsp;2 of such executive order or by Canadian Sanctions Laws or U.K. Sanctions Laws, or (iv)&nbsp;is a person (A)&nbsp;on the list of Specially Designated Nationals and Blocked Persons or subject to the
limitations or prohibitions under any other OFAC regulation or executive order, (B)&nbsp;on the list of names subject to the Regulations Establishing a List of Entities made under subsection 83.05(1) of the Criminal
</P>
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Code, and/or the Regulations Implementing the United Nations Resolutions on the Suppression of Terrorism (RIUNRST) and/or United Nations <FONT STYLE="white-space:nowrap">Al-Qaida</FONT> and
Taliban Regulations (UNAQTR), or (C)&nbsp;is a person included on the UK&#146;s Consolidated List of Financial Sanctions Targets. The representations and warranties provided in this Section&nbsp;9.1.22 shall
<B><U>(i)</U></B><B><U></U></B><B><U>&nbsp;only be made by and apply to the Dutch Borrower to the extent that giving of and complying with such representations and warranties / undertakings does not result in a violation of or conflict with or does
not expose any Obligor to any liability under the Council Regulation (EC) 2271/96 or any similar anti-boycott laws or regulations and (ii)</U></B>be provided only in so far as they do not result, in relation to any German Relevant Party, in a
violation of, or conflict with, section 7 German Foreign Trade Regulation (Au&szlig;enwirtschaftsverordnung) or any provision of Council Regulation (EC) 2271/1996. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">9.1.23.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Anti-Corruption Laws</U>. Each Obligor has implemented and
maintains in effect policies and procedures designed to ensure compliance by such Obligor, its Subsidiaries, the Excluded Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws of Canada, United
Kingdom, United States, and any of the member states of the European Union and applicable Sanctions, and such Obligor, its Subsidiaries, the Excluded Subsidiaries and their respective officers and directors and, to the knowledge of such Obligor, its
employees and agents, are in compliance with Anti-Corruption Laws of Canada, United Kingdom, United States, and any of the member states of the European Union and applicable Sanctions in all material respects. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">9.1.24.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Commercial Tort Claims</U>. Except as shown on <B>Schedule
9.1.24</B>, no U.S. Domiciled Obligor has a Commercial Tort Claim (other than a Commercial Tort Claim for less than $1,000,000). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">9.1.25.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Centre of Main Interests and Establishments</U>. For the purposes
of Regulation (EU) 2015/848 of 20&nbsp;May 2015 on insolvency proceedings (recast) (the &#147;<U>EU Regulation</U>&#148;), the centre of main interest (as that term is used in Article 3(1) of the EU Regulation) of each Obligor is situated in its
jurisdiction of incorporation and it has no &#147;establishment&#148; (as that term is used in Article 2(10) of the EU Regulation) in any other jurisdiction. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><U>9.1.26.</U></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><U>DAC6. Neither the use of the Facility, nor any transaction to be carried out
by the Obligors in connection with the Facility funds</U></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><U> meets any</U></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><U> </U></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><B><U>hallmark set out in Annex IV of the Council Directive of 25</U></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><U></U></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><B><U>&nbsp;May 2018 (2018/822/EU) amending</U></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><U>
</U></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><U>Directive 2011/16/EU (&#147;DAC6&#148;).</U></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:10pt"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>9.1.27.</U></B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Fiscal unity.</U></B><B><U> </U></B><B><U>As at
the date of this Agreement, no Obligor is a member of any fiscal unity or any other similar taxing group other than a fiscal unity consisting of other Obligors only.</U></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>SECTION&nbsp;10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;COVENANTS AND CONTINUING AGREEMENTS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>10.1</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Affirmative Covenants</U></B><B>.</B> As long as any
Commitments or Obligations are outstanding, each Obligor shall, and shall cause each Subsidiary to (and solely for purposes of the last sentence of Section&nbsp;10.1.8, shall cause each Excluded Subsidiary to): </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">10.1.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Financial Statements</U>. Deliver to Agent (with sufficient copies
for each Lender), in form and detail satisfactory to Agent and the Required Lenders: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;as soon as available, but in any event within 90 days after the end of
each Fiscal Year of Parent, balance sheets as at the end of such Fiscal Year, and the related statements of income or operations, shareholders&#146; equity and cash flows for such Fiscal Year, on a consolidated basis for Parent, its
</P>
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Subsidiaries and the Excluded Subsidiaries, setting forth in each case in comparative form the figures for the previous Fiscal Year (it being understood that such comparisons shall not be
required to include the figures for the Excluded Subsidiaries prior to consummation of the Top Golf Acquisition), all in reasonable detail and prepared in accordance with GAAP, which consolidated statements (x)&nbsp;shall be audited and accompanied
by a report and opinion of an independent certified public accountant or chartered accountant, as applicable, of nationally recognized standing, which report and opinion shall be prepared in accordance with generally accepted auditing standards and
shall not be subject to any &#147;going concern&#148; or like qualification or exception or any qualification or exception as to the scope of such audit and (y)&nbsp;shall be accompanied by unaudited consolidating information (which consolidating
information shall be in form materially consistent with that provided prior to the Fourth Amendment to Fourth Amended and Restated Effective Date), that summarizes in reasonable detail (but shall not be required to include footnotes) the differences
between the information relating to Parent, its Subsidiaries and the Excluded Subsidiaries on a consolidated basis, on the one hand, and the information relating to Parent and its Subsidiaries on a stand-alone consolidated basis, on the other hand,
which unaudited consolidating information shall be certified by the chief financial officer of Borrower Agent as having been fairly presented in all material respects; provided, that if Parent obtains audited financial statements on a consolidated
basis for Parent and its Subsidiaries, it shall promptly deliver such audited financial statements to Agent; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;as soon as available, but in any event within 45 days after the end of
each of the first three fiscal quarters of each Fiscal Year of Parent, unaudited balance sheets as at the end of such fiscal quarter, and the related statements of income or operations, shareholders&#146; equity and cash flows for such fiscal
quarter and for the portion of Parent&#146;s fiscal year then ended, on a consolidated basis for Parent, its Subsidiaries and the Excluded Subsidiaries, setting forth in each case in comparative form the figures for the corresponding fiscal quarter
of the previous fiscal year and the corresponding portion of the previous fiscal year (it being understood that such comparisons shall not be required to include the figures for the Excluded Subsidiaries prior to consummation of the Top Golf
Acquisition), all in reasonable detail, certified by the chief financial officer of Borrower Agent as fairly presenting the financial condition, results of operations, shareholders&#146; equity and cash flows of Parent, its Subsidiaries and the
Excluded Subsidiaries, as applicable, in accordance with GAAP, subject only to normal <FONT STYLE="white-space:nowrap">year-end</FONT> audit adjustments and the absence of footnotes, which consolidated statements, shall be accompanied by unaudited
consolidating information (which consolidating information shall be in form materially consistent with that provided prior to the Fourth Amendment to Fourth Amended and Restated Effective Date) that summarizes in reasonable detail (but shall not be
required to include footnotes) the differences between the information relating to Parent, its Subsidiaries and the Excluded Subsidiaries on a consolidated basis, on the one hand, and the information relating to Parent and its Subsidiaries on a
stand-alone consolidated basis, on the other hand, which unaudited consolidating information shall be certified by the chief financial officer of Borrower Agent as having been fairly presented in all material respects; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;as soon as available, and in any event within 30 days after the end of
each month other than the last month of each fiscal quarter of Parent, unaudited balance sheets as at the end of such month, and the related statements of income or operations for such month and for the portion of Parent&#146;s fiscal year then
ended, on a consolidated basis for Parent and its Subsidiaries, setting forth in each case in comparative form the figures for the corresponding month of the previous fiscal year and the corresponding portion of the previous fiscal year, all in
reasonable detail, certified by the chief financial officer of Borrower Agent as fairly presenting the financial condition, results of operations, shareholders&#146; equity and cash flows of Parent and its Subsidiaries in accordance with historical
practices (in each case, which shall be in form materially consistent with that provided prior to the Fourth Amendment to Fourth Amended and Restated Effective Date). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">10.1.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Certificates; Other Information</U>. Deliver to Agent, for delivery
to each Lender, in form and detail satisfactory to Agent and the Required Lenders: </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;concurrently with the
delivery of the financial statements referred to in <B>Sections 10.1.1(a), (b) </B>and<B> (c)</B>, or more frequently if requested by Agent when a Default or Event of Default exists, a duly completed Compliance Certificate signed by the chief
financial officer of the Borrower Agent; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;concurrently with the
delivery of financial statements under <B>Section</B><B></B><B>&nbsp;10.1.1(a)</B>, copies of any detailed audit reports, management letters or recommendations submitted to the board of directors (or the audit committee of the board of directors) of
Parent by independent accountants in connection with the accounts or books of Borrowers or any Subsidiary, or any audit of any of them; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;promptly after the same are available, copies of each annual report, proxy
or financial statement or other report or communication sent to the stockholders of Parent, and copies of all annual, regular, periodic and special reports and registration statements which any Obligor may file or be required to file with the
Securities and Exchange Commission or any provincial securities commission or regulator, and not otherwise required to be delivered to Agent pursuant hereto; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;promptly following the Agent&#146;s request therefor, all documentation
and other information that the Agent reasonably requests on its behalf or on behalf of any Lender in order to comply with its ongoing obligations under applicable &#147;know your customer&#148; and <FONT STYLE="white-space:nowrap">anti-money</FONT>
laundering rules and regulations, including the Patriot Act and the Proceeds of Crime Act; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;promptly following the Agent&#146;s request therefor, copies of
(i)&nbsp;any documents described in Section&nbsp;101(k)(1) of ERISA that any Borrower or any of its ERISA Affiliates may request with respect to any Multiemployer Plan and (ii)&nbsp;any notices described in Section&nbsp;101(l)(1) of ERISA that any
Borrower or any of its ERISA Affiliates may request with respect to any Plan or Multiemployer Plan; provided that if any Borrower or any of its ERISA Affiliates have not requested such documents or notices from the administrator or sponsor of the
applicable Plan or Multiemployer Plan prior to the Agent&#146;s request therefor, a Borrower or one of its ERISA Affiliates shall promptly make a request for such documents or notices from such administrator or sponsor and shall provide copies of
such documents and notices promptly after receipt thereof and promptly after the sending or filing thereof, copies of any annual report to be filed in connection with any Canadian Pension Plan or any Foreign Plan of any Obligor incorporated in the
U.K. or Germany; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;promptly after Borrower Agent has notified Agent of
any intention by Borrowers to treat the Loans and/or Letters of Credit and related transactions as being a &#147;reportable transaction&#148; (within the meaning of Treasury Regulation <FONT STYLE="white-space:nowrap">Section&nbsp;1.6011-4),</FONT>
a duly completed copy of IRS Form 8886 or any successor form; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;not
later than 30 days after the end of each Fiscal Year, projections of Parent&#146;s consolidated balance sheets, results of operations, cash flow, U.S. Availability, U.K.<B><U>/Dutch</U></B> Availability, German Availability and Canadian Availability
for the next Fiscal Year, month by month and in form materially consistent with those provided prior to the Fourth Amendment to Fourth Amended and Restated Effective Date; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;at Agent&#146;s request, a listing of each Obligor&#146;s trade payables,
specifying the trade creditor and balance due, and a detailed trade payable aging, all in form satisfactory to Agent; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;within 45 days of the end of each fiscal quarter of Parent, or more
frequently if requested by Agent when a Default or Event of Default exists: (i)&nbsp;all Royalties or other compensation (to the extent not previously disclosed to Agent in writing) paid by any Borrower or Subsidiary to any Person with respect to
any Intellectual Property, and (ii)&nbsp;all Intellectual Property (to the extent not previously </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">168 </P>

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disclosed to Agent in writing) owned, used or licensed by, or otherwise subject to any interests of, any Borrower or Subsidiary (in each case other than the German Domiciled Obligors); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;promptly upon the Agent&#146;s request, a disclosure of all Intellectual
Property registrations, filings and applications for registration owned by the German Domiciled Obligors; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;promptly, such additional information regarding the Collateral or the
business, financial or corporate affairs of Borrowers, any Subsidiary or any Excluded Subsidiary, or compliance with the terms of the Loan Documents, as Agent or any Lender may from time to time reasonably request. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Documents required to be delivered pursuant to <B>Section</B><B></B><B>&nbsp;10.1.1(a)</B> or <B>(b)</B>&nbsp;or
<B>Section</B><B></B><B>&nbsp;10.1.2(c)</B> (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)&nbsp;on
which Borrower Agent posts such documents, or provides a link thereto on Borrower Agent&#146;s website; or (ii)&nbsp;on which such documents are posted on Borrower Agent&#146;s behalf on IntraLinks/IntraAgency or another relevant website, if any, to
which Agent and each Lender have access (whether a commercial, third-party website or whether sponsored by Agent); provided that: (i)&nbsp;if any Lender so requests, the Borrower Agent shall deliver paper copies or electronic copies via electronic
mail of such documents to Agent or any Lender that requests Borrower Agent to deliver such paper or electronic copies until a written request to cease delivering paper or electronic copies is given by Agent or such Lender and (ii)&nbsp;Borrower
Agent shall notify (which may be by facsimile or electronic mail) Agent and each Lender of the posting of any such documents. Notwithstanding anything contained herein, in every instance Borrower Agent shall be required to provide paper copies of
the Compliance Certificates required by <B>Section</B><B></B><B>&nbsp;10.1.2(a)</B> to Agent and each of the Lenders. Except for such Compliance Certificates, Agent shall have no obligation to request the delivery or to maintain copies of the
documents referred to above, and in any event shall have no responsibility to monitor compliance by Borrower Agent with any such request for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its
copies of such documents. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">10.1.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notices</U>. Notify Agent and each
Lender: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Within five (5)&nbsp;Business Days after the occurrence of a
Default or Event of Default under Section&nbsp;11.1(f) and promptly after the occurrence of any other Default or Event of Default; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Promptly of any matter that has resulted or could reasonably be expected
to result in a Material Adverse Effect, including, if applicable (i)&nbsp;breach or <FONT STYLE="white-space:nowrap">non-performance</FONT> of, or any default under, a Contractual Obligation of any Borrower or any Subsidiary; (ii)&nbsp;any dispute,
litigation, investigation, proceeding or suspension between any Borrower or any Subsidiary and any Governmental Authority; (iii)&nbsp;the commencement of, or any material development in, any litigation or proceeding affecting any Borrower or any
Subsidiary, including pursuant to any applicable Environmental Laws; or (iv)&nbsp;the assertion of any Intellectual Property Claim; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Promptly of the occurrence of any ERISA Event or Termination Event; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Promptly of any material change in accounting policies or financial
reporting practices by any Borrower or any Subsidiary; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Promptly after
obtaining knowledge of any pending or threatened labor dispute, strike or walkout, or the expiration of any material labor contract that, in each case, materially and adversely affects any Obligor or any Subsidiary; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">169 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Promptly of any judgment
affecting any Obligor in an amount exceeding the Dollar Equivalent of $5,000,000; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Promptly after the discharge or any withdrawal or resignation by
Borrowers&#146; accountants; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At least 30 days prior to any
opening of a new office or place of business where Collateral will be located. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Each notice pursuant to this Section shall be accompanied
by a statement of a Senior Officer of Borrower Agent setting forth details of the occurrence referred to therein and stating what action Borrowers have taken and proposes to take with respect thereto. Each notice pursuant to Section&nbsp;10.1.3
shall describe with particularity any and all provisions of this Agreement and any other Loan Document that have been breached. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">10.1.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Payment of Obligations</U>. Pay and discharge as the same shall
become due and payable, all its obligations and liabilities in an aggregate amount in excess of $10,000,000, including (a)&nbsp;all Taxes and tax liabilities, assessments and governmental charges or levies upon it or its Properties, unless such
Taxes are being Properly Contested; provided, that all such Taxes, tax liabilities, assessments, governmental charges and levies shall be paid and discharged prior to the date on which a Lien on any Collateral shall attach in an aggregate amount in
excess of $250,000 for all federal tax liens and $2,500,000 for all other liens which is senior to Agent&#146;s Lien; (b)&nbsp;all lawful claims which, if unpaid, would by law become a Lien upon its property; and (c)&nbsp;all Debt, as and when due
and payable, but subject to any subordination provisions contained in any instrument or agreement evidencing such Debt. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">10.1.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Preservation of Existence, Etc</U>. (a)&nbsp;Preserve, renew and
maintain in full force and effect its legal existence and good standing under the laws of the jurisdiction of its organization except in a transaction permitted by Section&nbsp;10.2.4 or 10.2.5; (b) take all reasonable action to maintain all rights,
privileges, permits, licenses and franchises necessary or desirable in the normal conduct of its business, except to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect; and (c)&nbsp;preserve or renew
all of its registered patents, trademarks, trade names and service marks, the <FONT STYLE="white-space:nowrap">non-preservation</FONT> of which could reasonably be expected to have a Material Adverse Effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">10.1.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Maintenance of Properties</U>. (a)&nbsp;Except for any downsizing,
restructuring, closure or partial closure of the golf ball manufacturing operations of Borrowers in existence on the Original Agreement Closing Date, maintain, preserve and protect all of its material properties and material equipment necessary in
the operation of its business in good working order and condition, ordinary wear and tear excepted; and (b)&nbsp;make all necessary repairs thereto and renewals and replacements thereof except where the failure to do so could not reasonably be
expected to have a Material Adverse Effect. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">10.1.7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Maintenance of
Insurance</U>. In addition to the insurance required hereunder with respect to Collateral, maintain insurance with insurers (with a Best Rating of at least A7, unless otherwise approved by Agent) satisfactory to Agent, with respect to the Properties
and business of Borrowers and Subsidiaries of such type (including product liability, workers&#146; compensation, larceny, embezzlement, or other criminal misappropriation insurance), in such amounts, and with such coverages and deductibles as are
customary for companies similarly situated. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">10.1.8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Compliance with
Laws</U>. Comply in all material respects with the requirements of all Applicable Laws and all orders, writs, injunctions and decrees applicable to it or to its business or property, except in such instances in which (a)&nbsp;such requirement of
Applicable Law or order, write, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted; or </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">170 </P>

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(b) the failure to comply therewith could not reasonably be expected to have a Material Adverse Effect. Materially comply with all Anti-Terrorism Laws. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">10.1.9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Books and Recor</U>ds. Maintain proper books of record and account,
in which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of each Borrower, each Subsidiary and each Excluded Subsidiary, as the
case may be; and (b)&nbsp;maintain such books of record and account in material conformity with all applicable requirements of any Governmental Authority having regulatory jurisdiction over each Borrower, each Subsidiary and each Excluded
Subsidiary, as the case may be. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">10.1.10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Inspections; Appraisals</U>.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Permit Agent from time to time, subject (except when a Default or
Event of Default exists) to reasonable notice and normal business hours, to visit and inspect the Properties of any Borrower or Subsidiary, inspect, audit and make extracts from any Borrower&#146;s or Subsidiary&#146;s books and records, and discuss
with its officers, employees, agents, advisors and independent accountants such Borrower&#146;s or Subsidiary&#146;s business, financial condition, assets, prospects and results of operations. For each calendar year, at least one examination will be
held by Agent during such calendar year and at least two examinations will be held by Agent during such calendar year if Availability on any day during such year is less than, at any time, an amount equal to 10% of the Maximum Facility Amount.
Lenders may participate in any such visit or inspection, at their own expense. Neither Agent nor any Lender shall have any duty to any Borrower to make any inspection, nor to share any results of any inspection, appraisal or report with any
Borrower. Borrowers acknowledge that all inspections, appraisals and reports are prepared by Agent and Lenders for their purposes, and Borrowers shall not be entitled to rely upon them. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reimburse Agent for all charges, costs and expenses of Agent in connection
with (i)&nbsp;examinations of any Obligor&#146;s books and records or any other financial or Collateral matters as Agent deems appropriate, up to two times per calendar year; (ii)&nbsp;appraisals of Inventory, up to two times per calendar year and
(iii)&nbsp;appraisals of Intellectual Property (other than Excluded Intellectual Property), up to one time per calendar year; <U>provided</U>, <U>however</U>, that: (A)&nbsp;Borrowers shall reimburse Agent for all charges, costs and expenses in
connection with a third appraisal of Inventory or second appraisal of Intellectual Property (other than Excluded Intellectual Property) in any calendar year if such appraisal is commenced during any Reporting Trigger Period; (B)&nbsp;Borrowers shall
reimburse Agent for all charges, costs and expenses in connection with a third examination in any calendar year if such examination is commenced during any Reporting Trigger Period; and (C)&nbsp;if an examination or appraisal is initiated during a
Default or Event of Default, all charges, costs and expenses therefor shall be reimbursed by Borrowers without regard to such limits. Borrowers agree to pay Agent&#146;s then standard charges for examination activities, including the standard
charges of Agent&#146;s internal examination and appraisal groups, as well as the charges of any third party used for such purposes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">10.1.11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Use of Proceeds</U>. Use the proceeds of the Loans or other
extensions of credit (a)&nbsp;to refinance existing indebtedness, (b)&nbsp;to issue standby or commercial letters of credit and (c)&nbsp;to finance ongoing working capital needs and for general corporate purposes (including Permitted Acquisitions)
not in contravention of any Applicable Law or of any Loan Document. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">10.1.12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Additional Guarantors</U>. Promptly notify Agent upon any Person
becoming a Subsidiary and (a)&nbsp;cause (i)(A) each U.S. Subsidiary and (B)&nbsp;any Foreign Subsidiary that loses its status as a &#147;controlled foreign corporation&#148; under Section&nbsp;957 of the Code promptly to execute and deliver to
Agent a Guarantee (including, if requested by Agent, a joinder to this Agreement in form and substance satisfactory to Agent) in favor of Agent for the benefit of the Secured Parties, and (ii)&nbsp;each Canadian Subsidiary, German Subsidiary and
U.K. Subsidiary to execute and deliver to Agent a Canadian Facility </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">171 </P>

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Guarantee, German Facility Guarantee and U.K.<B><U>/Dutch</U></B> Facility Guarantee (including, if requested by Agent, a joinder to this Agreement in form and substance satisfactory to Agent
provided that in case of a Guarantee or joinder to this Agreement in each case delivered by a German Subsidiary, such Guarantee or joinder shall set out any restrictions to the guarantee, indemnity or other collateral granted by such German
Subsidiary required to avoid a risk of any personal or criminal liability of any director of such German Subsidiary resulting from the granting of such guarantee, indemnity or collateral) in favor of Agent for the benefit of the Canadian Secured
Parties, German Secured Parties and U.K. Secured Parties, (b)&nbsp;cause such Guarantor to deliver to the Agent such certificates of resolutions or other action, incumbency certificates and/or other certificates of Senior Officers or other
authorized Persons of such Subsidiary as Agent may require evidencing the identity, authority and capacity of each Senior Officer or other authorized Person thereof in connection with the Guarantee, Canadian Facility Guarantee, German Facility
Guarantee, or U.K.<B><U>/Dutch</U></B> Facility Guarantee, as applicable, to which such Subsidiary is a party and such additional and other documents and certifications as Agent may reasonably require to evidence that such Subsidiary is duly
organized or formed and is validly existing, in good standing and qualified to engage in business, in each case to the extent applicable, in jurisdictions reasonably identified by Agent, and (c)&nbsp;cause such Guarantor to execute and deliver such
documents, instruments and agreements and to take such other actions as Agent shall require to evidence and perfect a Lien in favor of Agent (for the benefit of Secured Parties (in the case of a Subsidiary described in clause (a)(i) above) and the
Canadian Secured Parties, the German Secured Parties and U.K. Secured Parties (in the case of a Subsidiary described in clause (a)(ii) above)) on all assets of such Person which are the same type as the Collateral, including delivery of legal
opinions, in form and substance satisfactory to Agent, as it shall deem appropriate. At the request of Agent at any time, Borrowers shall cause the holders of all Equity Interests of the German Borrower to execute and deliver such documents,
instruments and agreements and to take such other actions as Agent shall require to evidence and perfect a Lien in favor of Agent on all such Equity Interests of the German Borrower, including delivery of legal opinions, in form and substance
satisfactory to Agent, as it shall deem appropriate. Notwithstanding the foregoing or anything to the contrary in this Agreement or in any other Loan Document, in no event shall any Excluded Subsidiary be required to provide a Guarantee, grant any
security interest to secure the Obligations or take any other action required by this Section&nbsp;10.1.12. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">10.1.13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Landlord and Storage Agreements</U>. Upon request, provide Agent
with copies of all existing agreements, and promptly after execution thereof provide Agent with copies of all future agreements, between an Obligor and any landlord, warehouseman, processor, shipper, bailee or other Person that owns any premises at
which any Collateral may be kept or that otherwise may possess or handle any Collateral. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">10.1.14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Licenses</U>. (a)&nbsp;Keep each License affecting any Collateral
(including the manufacture, distribution or disposition of Inventory) or any other material Property of Borrowers and Subsidiaries in full force and effect except to the extent that failure to do so could not reasonably be expected to have a
Material Adverse Effect; (b)&nbsp;pay all Royalties when due except as would not materially adversely affect the value of the Collateral; and (d)&nbsp;notify Agent of any default or breach asserted by any Person to have occurred under any License
which breach would materially adversely affect the value of the Collateral. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">10.1.15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>U.K. Pension Plans</U>. Each U.K. Domiciled Obligor shall ensure
that it is not and will not be and none of its U.K. subsidiaries will be at any time: (i)&nbsp;an employer (for the purposes of Sections 38 to 51 of the Pensions Act 2004 of the United Kingdom) of an occupational pension scheme which is not a money
purchase scheme (as those terms are defined in the Pension Schemes Act 1993 of the United Kingdom); or (ii) &#147;<B>connected</B>&#148; with or an &#147;<B>associate</B>&#148; of the Parent or any of its Subsidiaries which is an employer (as those
terms are used in Sections 38 or 43 of the Pensions Act 2004 of the United Kingdom) in relation to an occupational pension scheme in the United Kingdom which is not a money purchase scheme. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">10.1.16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Anti-Corruption
Laws</U>. Each Obligor will maintain in effect and enforce policies and procedures designed to ensure compliance by such Obligor, its Subsidiaries, the Excluded Subsidiaries and their respective directors, officers, employees and agents with
Anti-Corruption Laws of Canada, United Kingdom, United States, and any of the member states of the European Union and applicable Sanctions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">10.1.17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>People with Significant Control Regime</U>. Parent and each of its
Subsidiaries shall (a)&nbsp;within the relevant timeframe, comply with any notice it receives pursuant to Part 21A of the Companies Act 2006 from any company incorporated in the United Kingdom whose shares are the subject of a Lien in favor of the
Agent, and (b)&nbsp;promptly provide the Agent with a copy of such notice. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">10.1.18.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Post-Closing</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Within 90 days of the Closing Date (or such later date as Agent may
approve in its sole discretion), the German Domiciled Obligors shall (i)&nbsp;establish a cash management system acceptable to the Agent and (ii)&nbsp;ensure each of its Deposit Account or securities account (except an Excluded Deposit Account) is
subject to a fully executed Deposit Account Control Agreement or, in the case of a securities account, similar control agreement in favor of Agent and acceptable to Agent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Within 60 days of the Closing Date (or such later date as Agent may
approve in its sole discretion), the U.K. Domiciled Obligors shall close each of their Deposit Accounts or securities accounts maintained with Skandinaviska Enskilda Banken. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>10.2</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Negative Covenants</U></B><B>.</B> As long as any Commitments
or Obligations are outstanding, each Obligor shall not, and shall cause each Subsidiary not to: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">10.2.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Liens</U>. Create, incur, assume or suffer to exist any Lien upon
any of its Property, whether now owned or hereafter acquired, other than the following (collectively, &#147;<U>Permitted Liens</U>&#148;): </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens in favor of Agent; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens existing on the Closing Date that are listed on Schedule 10.2.1;
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens for taxes, fees, assessments or other governmental charges not
yet delinquent or being Properly Contested; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;carriers&#146;,
warehousemen&#146;s, mechanics&#146;, materialmen&#146;s, repairmen&#146;s or other like Liens arising in the Ordinary Course of Business which are not overdue for a period of more than 30 days or which are being Properly Contested; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;pledges or deposits in the Ordinary Course of Business in connection with
workers&#146; compensation, unemployment insurance and other social security legislation, other than any Lien imposed by ERISA; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;deposits or other Liens to secure the performance of bids, trade contracts
and leases (other than Debt), statutory obligations, surety bonds (other than bonds related to judgments or litigation), performance bonds and other obligations of a like nature incurred in the Ordinary Course of Business; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;easements,
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">rights-of-way,</FONT></FONT> restrictions and other similar encumbrances affecting Real Estate which, are (i)&nbsp;shown in any lender&#146;s policy of title insurance insuring any
Mortgage, or (ii)&nbsp;in the aggregate, are not substantial in amount, and which do not in any case materially detract from the value </P>
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of the property subject thereto or materially interfere with the ordinary conduct of the business of the applicable Person; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens arising solely by virtue of any statutory or common law provision
relating to banker&#146;s liens, rights of <FONT STYLE="white-space:nowrap">set-off</FONT> or similar rights and remedies as to deposit accounts or other funds maintained with a creditor depository institution (including, without limitation, any
Lien arising by entering into standard banking arrangements (<I><FONT STYLE="white-space:nowrap">AGB-Banken</FONT> oder <FONT STYLE="white-space:nowrap">AGB-Sparkassen</FONT></I>) in Germany); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens securing judgments for the payment of money not constituting an
Event of Default under <B>Section</B><B></B><B>&nbsp;11.1(g)</B> or securing appeal or other surety bonds related to such judgments (so long as such judgments do not constitute an Event of Default under Section&nbsp;11.1(g)); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens securing Debt permitted under
<B>Section</B><B></B><B>&nbsp;10.2.3(e)</B>; <U>provided</U> that (i)&nbsp;such Liens do not at any time encumber any property other than the property financed by such Debt and (ii)&nbsp;the Debt secured thereby does not exceed, on the date of
acquisition, the cost or fair market value, whichever is lower, of the property being acquired; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any Lien existing on any property or asset (other than Accounts,
Inventory, Dominion Accounts, the Company Trademark, and Eligible Real Estate) prior to the acquisition thereof by any Obligor or any Subsidiary or existing on any property or asset (other than Accounts, Inventory, Dominion Accounts, the Company
Trademark, and Eligible Real Estate) of any Person that becomes an Obligor or Subsidiary after the date hereof prior to the time such Person becomes an Obligor or Subsidiary; <U>provided</U> that (i)&nbsp;such Lien is not created in contemplation of
or in connection with such acquisition or such Person becoming an Obligor or Subsidiary, as the case may be, (ii)&nbsp;such Lien shall not apply to any other property or assets of the Obligor or Subsidiary, (iii)&nbsp;such Lien shall secure only
those obligations which it secures on the date of such acquisition or the date such Person becomes an Obligor or Subsidiary, as the case may be, (iv)&nbsp;all obligations secured by a Lien permitted under this clause (k)&nbsp;shall not exceed an
aggregate amount of $25,000,000 at any one time outstanding, and (v)&nbsp;if requested by Agent, such Liens will be subject to an intercreditor agreement, in form and substance satisfactory to Agent; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;extensions, renewals and replacements of Liens referred to in clauses
(a)&nbsp;through (k) above, provided that the property covered thereby is not increased and any renewal or extension of the obligations secured or benefited thereby is permitted by Section&nbsp;10.2.3; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens (other than on: (i)&nbsp;Accounts, Inventory, and Dominion Accounts
of a Borrower or Guarantor; and (ii)&nbsp;the Company Trademark and Eligible Real Estate) arising under leases, subleases, licenses and rights to use granted to others and permitted under Section&nbsp;10.2.5(f); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens (other than on: (i)&nbsp;Accounts, Inventory, and Dominion Accounts
of a Borrower or Guarantor; and (ii)&nbsp;the Company Trademark and Eligible Real Estate) not expressly permitted by clauses (a)&nbsp;through (m) above and as to which the aggregate amount of obligations secured thereby does not exceed $50,000,000
at any one time; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(o)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens securing Debt permitted under
Section&nbsp;10.2.3(q) or (s)&nbsp;so long: (i)&nbsp;such Liens will be subject to an intercreditor agreement, in form and substance satisfactory to Agent; (ii)&nbsp;to the extent any such Liens are on any Collateral (as defined on the First
Amendment to Third Amended and Restated Effective Date), such Liens are subordinated to the Liens of Agent pursuant to such intercreditor agreement (provided that, in the case of any Liens securing Debt permitted under Section&nbsp;10.2.3(s), any
such Liens on Term Loan Priority Intellectual Property (as defined in the Intercreditor Agreement) shall be senior to the Liens of Agent hereunder and shall not be subordinated to the Liens of Agent); and (iii)&nbsp;to the extent such Liens extend
to Property which does not (or would not) constitute Collateral (as defined on the First </P>
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Amendment to Third Amended and Restated Effective Date) (&#147;Additional Collateral&#148;), at the request of the Required Lenders, the Obligors and their Subsidiaries shall execute and deliver
such documents, instruments and agreements and take such other actions as Agent shall require to evidence and perfect a Lien in favor of Agent (for the benefit of Secured Parties) on all Additional Collateral (it being understood that any such Liens
held by Agent on Additional Collateral shall be junior to the Liens permitted under this Section&nbsp;10.2.1(o) as set forth in an intercreditor agreement in form and substance satisfactory to Agent); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(p)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens securing Debt permitted under Section&nbsp;10.2.3<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>.</STRIKE></FONT></B>(r); provided that such Liens do not at any time encumber any property other than the property financed or leased by such Debt; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(q)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With respect to German Domiciled Obligors, any Liens created in respect of
section 8a of the German Old Age Employees Part Time Act (<I>Altersteilzeitgesetz</I>) or section 7e of the Fourth Book of the German Social Code (<I>Sozialgesetzbuch
IV</I>);<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;and</STRIKE></FONT></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(r)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With respect to German Domiciled Obligors, any Lien arising by operation
of law for the benefit of a landlord of any Obligor or Subsidiary of any Obligor in respect of any properties rented by it (<I>Vermieterpfandrecht</I>)<B><U>; and</U></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><U>(s)</U></B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Liens or right of
<FONT STYLE="white-space:nowrap">set-off</FONT> arising under the general banking conditions (</U></B><B><I></I></B><B><U></U></B><B><I><U>algemene bankvoorwaarden</U></I></B><B><U></U></B><B><I></I></B><B><U>) or any
<FONT STYLE="white-space:nowrap">non-Dutch</FONT> equivalent thereof</U></B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">10.2.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Investments</U>. Make any Investments, except: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;advances to officers, directors and employees of the Obligors and
Subsidiaries for travel, entertainment, relocation and analogous ordinary business purposes; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments in Subsidiaries to the extent existing on the Closing Date and
other Investments in existence on the Closing Date and set forth on Schedule 10.2.2; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments by: (i)&nbsp;a U.S. <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>Borrower</STRIKE></FONT></B><B><U>Domiciled Obligor</U></B> in another U.S. <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>Borrower</STRIKE></FONT></B><B><U>Domiciled
Obligor</U></B>; (ii)&nbsp;a <B><U>Non-</U></B>U.S. Domiciled Obligor <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>(</STRIKE></FONT></B><B><U>in any </U></B>other
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>than</STRIKE></FONT></B><B><U><FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Domiciled Obligor or</U></B> a U.S.
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>Borrower) in another U.S. </STRIKE></FONT></B>Domiciled Obligor; (iii)&nbsp;a U.S. Domiciled Obligor in the Canadian Borrower so long as: (A)&nbsp;the aggregate amount of such
Investments shall not exceed $10,000,000 at any time outstanding, and (B)&nbsp;no Event of Default has occurred and is continuing at the time of such Investment, or would result therefrom; (iv)&nbsp;a U.S. Domiciled Obligor in Callaway de
M&eacute;xico, S.A. de C.V. so long as such Investments are in the Ordinary Course of Business and consistent with historical practices; (v)<B> <FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>any Canadian Domiciled Obligor, German
Domiciled Obligor or U.K. Domiciled Obligor in a Borrower (other than the German Borrower); (vi) a Borrower</STRIKE></FONT></B><B><U>an Obligor in another Obligor or</U></B> in
a<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Guarantor or</STRIKE></FONT></B> Subsidiary that is not <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>a Borrower or Guarantor</STRIKE></FONT></B><B><U>an Obligor</U></B> so long as: (A)&nbsp;the aggregate amount of such Investments shall not exceed<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>: (I)</STRIKE></FONT></B> $<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>3,000,000 in any calendar year, and (II)
$10,000,000</STRIKE></FONT></B><B><U>50,000,000</U></B> at any time outstanding, and (B)&nbsp;no Event of Default has occurred and is continuing at the time of such Investment, or would result therefrom; and (<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>vii</STRIKE></FONT></B><B><U>vi</U></B>) a Subsidiary that is not a Borrower or Guarantor in <B><U>an Obligor or in </U></B>any other Subsidiary; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments consisting of extensions of credit in the nature of accounts
receivable or notes receivable arising from the grant of trade credit in the Ordinary Course of Business, and Investments received in satisfaction or partial satisfaction thereof from financially troubled account debtors to the extent reasonably
necessary in order to prevent or limit loss; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments consisting
of Permitted Acquisitions; </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments pursuant to
Hedging Agreements otherwise permitted hereunder; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments in Cash
Equivalents; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;so long as no Event of Default has occurred and is
continuing or would result therefrom, any other Investments (other than an Acquisition) made after the Fourth Amendment to Fourth Amended and Restated Effective Date in an aggregate amount not to exceed $30,000,000 (such limitation, the
&#147;<U>Investment Cap</U>&#148;); <U>provided</U>, <U>however</U>, that no such Investment shall count against the Investment Cap if either: (i)&nbsp;(A) on a pro forma basis after giving effect to such Investment, Net Excess Availability has been
greater than an amount equal to the Threshold Percentage of the Maximum Facility Amount at all times during the thirty (30)&nbsp;day period immediately prior to the consummation of such Investment, (B)&nbsp;Net Excess Availability is greater than an
amount equal to the Threshold Percentage of the Maximum Facility Amount after giving effect to such Investment, and (C)&nbsp;the Fixed Charge Coverage Ratio, on a pro forma basis after giving effect to such Investment (calculated on a trailing
twelve month basis recomputed for the most recent month for which financial statements have been delivered) is not less than 1.0 to 1.0; or (ii)&nbsp;(A) average daily Net Excess Availability, on a pro forma basis after giving effect to such
Investment, has been greater than an amount equal to <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>20</STRIKE></FONT></B><B><U>17.5</U></B>% of the Maximum Facility Amount for the ninety (90)&nbsp;day period immediately prior
to the consummation of such Investment and (B)&nbsp;Net Excess Availability is greater than an amount equal to <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>20</STRIKE></FONT></B><B><U>17.5</U></B>% of the Maximum Facility
Amount after giving effect to such Investment; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments by a U.S.
Domiciled Obligor in any Subsidiary that is not a Borrower or Guarantor to the extent such Investments are in the form of a transfer of assets (other than any Collateral) of such U.S. Domiciled Obligor so long as: (A)&nbsp;such assets are in
existence as of the First Amendment to Second Amended and Restated Effective Date, and (B)&nbsp;such assets are predominantly used in connection with the golf ball manufacturing operations of Parent; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments among German Domiciled Obligors so long as all German
Domiciled Obligors (other than Callaway Germany Holdco GmbH) making and/or receiving Investments are each subject to a profit and loss pooling agreement, domination agreement or a combination thereof; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments, so long as: (i)&nbsp;no Default or Event of Default has
occurred and is continuing or would result therefrom; (ii)&nbsp;the amount expended in connection with any such Investment either (at the written election of Parent in accordance with the definition of Top Golf Proceeds): (A) is made solely using
Top Golf Proceeds contained in the Top Golf Blocked Account, (B)&nbsp;does not exceed the U.S. Top Golf Reserve in effect immediately prior to giving effect to any such expenditures, (C)(1) is made solely using cash proceeds of a substantially
contemporaneous (I)&nbsp;dividend from the Canadian Borrower to Parent, or (II)&nbsp;repayment by the Canadian Borrower of an intercompany obligation owing to Parent, and (2)&nbsp;does not exceed the Canadian Top Golf Reserve in effect immediately
prior to giving effect to any such expenditures, (D)(1) is made solely using cash proceeds of a substantially contemporaneous (I)&nbsp;dividend from the German Borrower to Parent, or (II)&nbsp;repayment by the German Borrower of an intercompany
obligation owing to Parent, and (2)&nbsp;does not exceed the German Top Golf Reserve in effect immediately prior to giving effect to any such expenditures, or (E)(1) is made solely using cash proceeds of a substantially contemporaneous
(I)&nbsp;dividend from <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>the</STRIKE></FONT></B><B><U>a</U></B> U.K.<B><U>/Dutch</U></B> Borrower to Parent, or (II)&nbsp;repayment by <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>the</STRIKE></FONT></B><B><U>a</U></B> U.K.<B><U>/Dutch</U></B> Borrower of an intercompany obligation owing to Parent, and (2)&nbsp;does not exceed the U.K.<B><U>/Dutch</U></B> Top Golf
Reserve in effect immediately prior to giving effect to any such expenditures; (iii)&nbsp;the aggregate amount expended in connection with all such Investments consummated under this clause (k)&nbsp;and transactions consummated under clause
10.2.6(g) does not exceed $150,000,000 in the aggregate; (iv)&nbsp;Parent provides Agent with at least 7 days prior written notice of any such Investment (which notice shall contain the amount to be expended in such transaction and evidence of the
source of funds for such expenditure);<B><U> and</U></B> (v)&nbsp;Parent provides Agent with evidence of the making of any Investment under this clause (k)<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>; and
(vi)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;no Term Loans are outstanding at the time such Investment is
made</STRIKE></FONT></B>. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;additional Investments
in Top Golf made after the Fourth Amendment to Fourth Amended and Restated Effective Date in an amount not to exceed $30,000,000 in the aggregate at any time so long as at the time of any such Investment, no Default or Event of Default has occurred
and is continuing or would result therefrom; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments by any
Obligor in any Subsidiary that is not an Obligor so long as: (i)&nbsp;the aggregate amount of such Investments shall not exceed $10,000,000 at any time outstanding, and (ii)&nbsp;no Event of Default has occurred and is continuing at the time of such
Investment, or would result therefrom; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments consisting of
(i)&nbsp;the <FONT STYLE="white-space:nowrap">non-exclusive</FONT> licenses of, and <FONT STYLE="white-space:nowrap">non-exclusive</FONT> rights to use, intellectual property pursuant to joint marketing or other similar arrangements with other
Persons so long as such licenses and rights to use do not interfere in any material respect with the business of Parent and its Subsidiaries, taken as a whole, and (ii)&nbsp;Asset Dispositions permitted by Section&nbsp;10.2.5(f); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(o)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments consisting of intercompany current liabilities incurred in the
ordinary course of business in connection with the cash management, tax and accounting operations of Parent, its Subsidiaries and the Excluded Subsidiaries in an aggregate amount not to exceed $10,000,000 in any fiscal year of Parent when combined
with any Debt incurred pursuant to Section&nbsp;10.2.3(m) during such fiscal year. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">10.2.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Debt</U>. Create, incur, guarantee or suffer to exist any Debt,
except: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Obligations; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt outstanding on the Closing Date and listed on Schedule 10.2.3; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt consisting of unsecured intercompany loans among Parent, any
Subsidiary and any Excluded Subsidiary or unsecured guarantees of Parent or any Subsidiary in respect of Debt of Parent, any Subsidiary or any Excluded Subsidiary so long as, in each case, the corresponding Investment is permitted under
Section&nbsp;10.2.2; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt of Parent or any Subsidiary existing or
arising under any Hedging Agreement, provided that such Hedging Agreement was entered into by such Person to hedge risks arising in the Ordinary Course of Business and not for speculative purposes or constitutes a customary capped call transaction
in connection with convertible debt securities of Parent otherwise permitted to be incurred under this Agreement; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt in respect of Capital Leases,
<FONT STYLE="white-space:nowrap">Off-Balance</FONT> Sheet Liabilities and purchase money obligations for fixed or capital assets (other than Eligible Real Estate); provided, however, that the aggregate amount of all such Debt at any one time
outstanding shall not exceed $25,000,000; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt that is in existence
when a Person becomes a Subsidiary or that is secured by an asset when acquired by a Borrower or Subsidiary, as long as such Debt was not incurred in contemplation of such Person becoming a Subsidiary or such acquisition, and does not exceed
$25,000,000 in the aggregate at any time; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt of any wholly owned
Subsidiary to Parent or another wholly owned Subsidiary constituting the purchase price in respect of intercompany transfers of goods and services made </P>
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in the Ordinary Course of Business to the extent otherwise permitted by Section&nbsp;10.2.8 and not constituting Debt for borrowed money; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt of Parent or any Subsidiary in connection with guaranties resulting
from endorsement of negotiable instruments in the Ordinary Course of Business; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt on account of surety bonds and appeal bonds in connection with the
enforcement of rights or claims of Parent or its Subsidiaries or in connection with judgments not resulting in an Event of Default under Section&nbsp;11.1(g); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any refinancings, refundings, renewals or extensions of Debt permitted
pursuant to Sections 10.2.3(b), (e) and (l); provided that (i)&nbsp;the amount of such Debt is not increased at the time of such refinancing, refunding, renewal or extension except by an amount equal to a reasonable premium or other reasonable
amount paid, and fees and expenses reasonably incurred, in connection with such refinancing and by an amount equal to any existing commitments unutilized thereunder, and (ii)&nbsp;Debt subordinated to the Obligations is not refinanced except on
subordination terms at least as favorable to Agent and the Lenders and no more restrictive on Parent and its Subsidiaries than the subordinated Debt being refinanced; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank Product Debt (other than Debt arising under Hedging Agreements); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt incurred by Subsidiaries of Parent organized under the laws of Japan,
is not secured by a Lien, and does not exceed &yen;7,500,000,000 in the aggregate at any time; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt consisting of intercompany current liabilities incurred in the
ordinary course of business in connection with the cash management, tax and accounting operations of Parent, its Subsidiaries and the Excluded Subsidiaries in an aggregate amount not to exceed $10,000,000 in any fiscal year of Parent when combined
with any Investments made pursuant to Section&nbsp;10.2.2(o) during such fiscal year; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt that is not included in any of the preceding clauses of this Section,
is not secured by a Lien, or is secured by a lien permitted by Section&nbsp;10.2.1(n), and does not exceed $50,000,000 in the aggregate at any time; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(o)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;other Debt that is not included in any of the preceding clauses of this
Section so long as such Debt: (i)&nbsp;is not secured by a Lien, (ii)&nbsp;has a maturity date that is at least 6 months after the Facility Termination Date, and (iii)&nbsp;does not have scheduled amortization in excess of 10% per year; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(p)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt to the Person, or the beneficial holders of Equity Interests in the
Person, whose assets or Equity Interests are acquired in a Permitted Acquisition where such Debt (i)&nbsp;is payable in full no sooner than three years from the date of such Acquisition, (ii)&nbsp;is repayable in installments of no more than <FONT
STYLE="white-space:nowrap">one-third</FONT> of the initial amount in any year after the date of such Permitted Acquisition, (iii)&nbsp;bears interest and fees that are consistent with then available market rates for such Debt, (iv)&nbsp;is not
secured by a Lien and (v)&nbsp;does not exceed (together with all other Debt incurred under this clause (p)) $25,000,000 in the aggregate at any time; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(q)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;other Debt that is not included in any of the preceding clauses of this
Section so long as: (i)&nbsp;such Debt does not exceed $250,000,000 in the aggregate at any one time outstanding, (ii)&nbsp;such Debt is not secured by a Lien, or is secured by a lien permitted by Section&nbsp;10.2.1(o), (iii) such Debt has a
maturity date that is at least 6 months after the Facility Termination Date, (iv)&nbsp;such Debt does not have </P>
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scheduled amortization in excess of 15% per year, and (v)&nbsp;immediately upon and after giving effect to such Debt, the Leverage Ratio is not greater than 4.5 to 1.0; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(r)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt pursuant to equipment financing and/or leases entered into by one or
more Obligors, in an aggregate amount not to exceed $50,000,000 at any time outstanding; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(s)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt (i)&nbsp;as described in the Project Max Commitment Letter, as may be
modified by the market flex conditions referenced in the Fee Letter (as defined in the Project Max Commitment Letter), as disclosed to Agent prior to the First Amendment to Third Amended and Restated Effective Date, so long as: (A)&nbsp;the
aggregate outstanding principal amount of such Debt at any one time does not exceed the amount incurred in connection with the consummation of the Acquisition (as defined in the Project Max Commitment Letter) in accordance with the terms of the
Project Max Commitment Letter, less any principal payments made on account of such Debt, (B)&nbsp;any Liens securing such Debt are permitted by Section&nbsp;10.2.1(o), (C) such Debt has a maturity date that is at least 6 months after the Facility
Termination Date; and (D)&nbsp;such Debt is incurred in accordance with the terms of the Project Max Commitment Letter as in effect on the First Amendment to Third Amended and Restated Effective Date, or as amended from time to time thereafter so
long as such amendments are not materially adverse to the interest of the Lenders and (ii)&nbsp;any refinancings, refundings, renewals or extensions of such Debt permitted in clause (i)&nbsp;hereto, so long as (A)&nbsp;the amount of such Debt is not
increased at the time of such refinancing, refunding, renewal or extension except by an amount equal to accrued interest, a reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection with such
refinancing, (B)&nbsp;such Debt has a maturity date that is at least 6 months after the Facility Termination Date, (C)&nbsp;such Debt does not have scheduled amortization in excess of 15% per year, (D)&nbsp;any Liens securing such Debt are permitted
by Section&nbsp;10.2.1(o), and (E)&nbsp;other than with respect to any refinancings, refundings, renewals or extensions of such Debt in connection with the Top Golf Acquisition, upon giving effect to it, no Default or Event of Default exists; and
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(t)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) any loan or other financial assistance received by any Borrower
or any of its Subsidiaries from any federal, state, local or foreign government program enacted in response to the <FONT STYLE="white-space:nowrap">COVID-19</FONT> outbreak in an aggregate principal amount not to exceed $50,000,000; and (y)&nbsp;any
refinancings, refundings, renewals or extensions of Debt permitted pursuant to clause (x)&nbsp;above; provided, that the amount of such Debt is not increased at the time of such refinancing, refunding, renewal or extension except by an amount equal
to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection with such refinancing and by an amount equal to any existing commitments unutilized thereunder. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">10.2.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Fundamental Changes</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Merge, amalgamate, dissolve, liquidate, consolidate with or into another
Person, or dispose of (whether in one transaction or in a series of transactions) all or substantially all of its assets (whether now owned or hereafter acquired) to or in favor of any Person, except that, so long as no Default exists or would
result therefrom: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Travis Mathew Retail may be
dissolved, so long as (A)&nbsp;such dissolution is completed within 30 days of the Second Amendment to Third Amended and Restated Effective Date, and (B)&nbsp;all assets of Travis Mathew Retail are distributed to travisMathew in connection with such
dissolution; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any Subsidiary may merge or amalgamate
with Parent or any other Subsidiary, provided that (A)&nbsp;in such a merger in which a U.S. Borrower is involved, such U.S. Borrower is the continuing or surviving Person, (B)&nbsp;in such a merger or amalgamation in which the
</P>
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Canadian Borrower is involved (other than with a U.S. Borrower, German Borrower<B><U>, a U.K. Borrower</U></B> or the
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>U.K.</STRIKE></FONT></B><B><U>Dutch</U></B> Borrower), the Canadian Borrower is the continuing or surviving Person, (C)&nbsp;in such a merger or amalgamation in which the U.K.
Borrower is involved (other than with a U.S. Borrower, German
Borrower<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;or</STRIKE></FONT></B><B><U>,</U></B> the Canadian<B><U> Borrower or the
Dutch</U></B> Borrower), the U.K. Borrower is the continuing or surviving Person, (D)&nbsp;in such a merger or amalgamation in which the German Borrower is involved (other than with a U.S. Borrower, Canadian Borrower<B><U>, the U.K. Borrower</U></B>
or the <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>U.K.</STRIKE></FONT></B><B><U>Dutch</U></B> Borrower), the German Borrower is the continuing or surviving Person, (E<B><U>)</U></B><B><U></U></B><B><U>&nbsp;in such a merger
or amalgamation in which the Dutch Borrower is involved (other than with a U.S. Borrower, Canadian Borrower, German Borrower or the U.K. Borrower), the Dutch Borrower is the surviving entity, (F</U></B>)&nbsp;in such a merger in which a U.S.
Domiciled Obligor (other than a U.S. Borrower) is involved (other than with a Borrower), the U.S. Domiciled Obligor is the continuing or surviving Person,
(<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>F</STRIKE></FONT></B><B><U>G</U></B>) in such a merger or amalgamation in which a U.K. Domiciled Obligor (other than the U.K. Borrower) is involved (other than with a U.S.
Domiciled Obligor, a Canadian Domiciled Obligor, a German Domiciled Obligor, <B><U>Dutch Domiciled Obligor </U></B>or the U.K. Borrower), the U.K. Domiciled Obligor is the continuing or surviving Person, (<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>G</STRIKE></FONT></B><B><U>H</U></B>) in such a merger or amalgamation in which a Canadian Domiciled Obligor (other than the Canadian Borrower) is involved (other than with a U.S. Domiciled
Obligor, a U.K. Domiciled Obligor, <B><U>a Dutch Domiciled Obligor, </U></B>a German Domiciled Obligor, or the Canadian Borrower), the Canadian Domiciled Obligor is the continuing or surviving Person, <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>and (H</STRIKE></FONT></B><B><U>(I</U></B>) in such a merger or amalgamation in which a German Domiciled Obligor (other than the German Borrower) is involved (other than with a U.S.
Domiciled Obligor, a U.K.<B><U>/Dutch</U></B> Domiciled Obligor, a Canadian Domiciled Obligor, or the German Borrower), the German Domiciled Obligor is the continuing or surviving Person;<B><U> and (J)</U></B><B><U></U></B><B><U>&nbsp;in such a
merger or amalgamation in which a Dutch Domiciled Obligor (other than the Dutch Borrower) is involved (other than with a U.S. Domiciled Obligor, a U.K. Domiciled Obligor, a German Domiciled Obligor, a Canadian Domiciled Obligor, or the Dutch
Borrower), the Dutch Domiciled Obligor is the continuing or surviving Person;</U></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any Subsidiary which is not an Obligor may dispose of
all or substantially all of its assets (upon voluntary liquidation or otherwise) to its immediate parent or another Obligor; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any Immaterial Subsidiary may be wound up, liquidated or
dissolved; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Parent and its Subsidiaries may make
those Asset Dispositions permitted by Section&nbsp;10.2.5; or </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change
its name; change its tax, charter or other organizational identification number; or change its form or state of organization without 10 Business Days&#146; prior written notice to Agent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">10.2.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Disposition of Assets</U>. Make any Asset Disposition or enter into
any agreement to make any Asset Disposition, except: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset
Dispositions of obsolete or worn out property, whether now owned or hereafter acquired, in the Ordinary Course of Business; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;sales of Inventory in the Ordinary Course of Business, and consignments of
Inventory in the Ordinary Course of Business so long as the aggregate Value of all such consigned Inventory at any one time does not exceed $15,000,000; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset Dispositions of Equipment or Real Estate (other than Eligible Real
Estate unless the U.S. Real Estate Formula Amount has been removed from the U.S. Borrowing Base in </P>
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accordance with Section&nbsp;2.1.4(d)) to the extent that (i)&nbsp;such property is exchanged for credit against the purchase price of similar replacement property or (ii)&nbsp;the proceeds of
such disposition are reasonably promptly applied to the purchase price of such replacement property; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset Dispositions by (i)&nbsp;any U.S. <B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>Borrower</STRIKE></FONT></B><B><U>Domiciled Obligor</U></B> to <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>any other</STRIKE></FONT></B><B><U>another</U></B> U.S.
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>Borrower</STRIKE></FONT></B><B><U>Domiciled Obligor</U></B>, (ii)&nbsp;any <B><U>Non-</U></B>U.S. Domiciled
Obligor<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;(other than a U.S. Borrower)</STRIKE></FONT></B> to any other<B><U> <FONT
STYLE="white-space:nowrap">Non-U.S.</FONT> Domiciled Obligor or to a</U></B> U.S. Domiciled Obligor,<B><U> and</U></B> (iii)&nbsp;any <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>Canadian Domiciled Obligor, German Domiciled
Obligor or U.K. Domiciled Obligor to any U.S. Borrower, and (iv) any </STRIKE></FONT></B>Subsidiary that is not a Borrower or Guarantor to any <B><U>Obligor or to any </U></B>other Subsidiary; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Asset Dispositions permitted by Section&nbsp;10.2.4, (ii) Investments
permitted by Section&nbsp;10.2.2, and (iii)&nbsp;Distributions permitted by Section&nbsp;10.2.6; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;leases, subleases, licenses and rights to use granted to others in the
Ordinary Course of Business and not otherwise prohibited by this Agreement so long as such leases, subleases, licenses and rights to use do not materially adversely affect the conduct by Parent and its Subsidiaries of their core golf products
business or the value of the Collateral; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset Dispositions made in
connection with the closure, downsizing, restructuring, closure or partial closure of the golf ball manufacturing operations of Parent; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Asset Dispositions of excess Real Estate (other than Eligible Real
Estate) and related assets made in connection with the consolidation of business activities in other locations (and if such Real Estate is located in Germany, such Asset Dispositions may not be prohibited pursuant to section 1136 of the German Civil
Code (BGB)) and (ii)&nbsp;sale and leaseback transactions involving Real Estate (other than Eligible Real Estate unless the U.S. Real Estate Formula Amount has been removed from the U.S. Borrowing Base in accordance with Sections 2.1.4(d)) and
related assets; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset Dispositions consisting of Intellectual
Property (other than the Company Trademark), manufacturing assets, inventory, accounts, contracts, domain names, marketing materials and marketing related assets related to the brands disclosed to the Agent and the Lenders on the Business Day prior
to the Second Amended Original Closing Date; provided, in each case, that (i)&nbsp;at the time of such Asset Disposition, no Event of Default has occurred or is continuing or would result therefrom, (ii)&nbsp;the Borrowers shall have provided Agent
with three (3)&nbsp;Business Days prior written notice of any such Asset Disposition, (iii)&nbsp;if any such Asset Disposition includes the disposition of Accounts or Inventory of an Obligor, the Borrowers shall have complied with
<B>Section</B><B></B><B>&nbsp;5.2</B>, and (iv)&nbsp;if any such Asset Disposition includes the disposition of any Eligible Accounts or Eligible Inventory, the Borrowers shall have delivered pro forma Borrowing Base Certificates on or prior to the
consummation of such Asset Disposition which give effect to such Asset Disposition; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;other Asset Dispositions (other than with respect to Accounts, Inventory,
the Company Trademark and Eligible Real Estate (unless the U.S. Real Estate Formula Amount has been removed from the U.S. Borrowing Base in accordance with <B>Section</B><B></B><B>&nbsp;2.1.4(d)</B>)) in an aggregate amount in any fiscal year not to
exceed 5% of the Consolidated Tangible Assets of Parent and its Subsidiaries as of the end of the most recently ended fiscal year of Parent; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify">provided, however, that any Asset Disposition pursuant to clauses (a)&nbsp;through (j) shall be for fair market value; provided, further, that
Parent or any of its Subsidiaries may enter into an agreement to make an Asset Disposition otherwise prohibited by this <B>Section</B><B></B><B>&nbsp;10.2.5</B> if failure to consummate such Asset Disposition
</P>
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would not result in a liability or Debt otherwise prohibited by this Agreement and the consummation of the Asset Disposition contemplated by such agreement is conditioned upon either the
termination of this Agreement or receipt of the prior written consent of the Agent and the Required Lenders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">10.2.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Distributions</U>. Declare or make, directly or indirectly, any
Distribution, or incur any obligation (contingent or otherwise) to do so, except that: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) a U.S. Borrower may make Distributions to another U.S. Borrower;
(ii)&nbsp;a U.S. Domiciled Obligor (other than a U.S. Borrower) may make Distributions to another U.S. Domiciled Obligor; (iii)&nbsp;a Canadian Domiciled Obligor may make Distributions to a Borrower; (iv)&nbsp;a U.K.<B><U>/Dutch</U></B> Domiciled
Obligor may make Distributions to a Borrower; (v)&nbsp;a German Domiciled Obligor may make Distributions to a Borrower; and (vi)&nbsp;a Subsidiary that is not a Borrower or Guarantor may make Distributions to Parent or any Subsidiary; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parent and each Subsidiary may declare and make dividend payments or other
distributions payable solely in the common stock or other Equity Interests of such Person; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;so long as no Event of Default has occurred and is continuing or would
result therefrom, Parent and each Subsidiary may purchase, redeem or otherwise acquire shares of its common stock or other Equity Interests or warrants or options to acquire any such Equity Interests with the proceeds received from the substantially
concurrent issue of new shares of its common stock or other Equity Interests; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parent may purchase Equity Interests in any Obligor or options with
respect to Equity Interests in any Obligor held by employees or management of any Obligor in connection with the termination of employment of such employees or management so long as: (i)&nbsp;the aggregate amount of such purchases do not exceed
$5,000,000 in any fiscal year of Parent, and (ii)&nbsp;no Event of Default has occurred and is continuing at the time of any such purchase or would result therefrom; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;so long as no Event of Default has occurred and is continuing or would
result therefrom, Parent and its Subsidiaries may make other Distributions in an aggregate amount not to exceed $<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>20,000,000</STRIKE></FONT></B><B><U>50,000,000</U></B> during each
year (the &#147;<U>Distributions Cap</U>&#148;); provided, however, that no such Distribution shall count against the Distributions Cap if at the time such Distribution is declared (subject to the last sentence of this clause (e)) either:
(i)&nbsp;(A) on a pro forma basis after giving effect to such Distribution, Net Excess Availability has been greater than an amount equal to the Threshold Percentage of the Maximum Facility Amount at all times during the thirty (30)&nbsp;day period
immediately prior to the making of such Distribution, (B)&nbsp;Net Excess Availability is greater than an amount equal to the Threshold Percentage of the Maximum Facility Amount after giving effect to such Distribution<B><U> on the date
thereof</U></B>, and (C)&nbsp;the Fixed Charge Coverage Ratio, on a pro forma basis after giving effect to such Distribution (calculated on a trailing twelve month basis recomputed for the most recent month for which financial statements have been
delivered) is not less than 1.0 to 1.0; or (ii)&nbsp;(A) average daily Net Excess Availability, on a pro forma basis after giving effect to such Distribution<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>,</STRIKE></FONT></B>
has been greater than an amount equal to <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>20</STRIKE></FONT></B><B><U>17.5</U></B>% of the Maximum Facility Amount for the ninety (90)&nbsp;day period immediately prior to the
making of such Distribution<B><U>,</U></B> and (B)&nbsp;Net Excess Availability is greater than an amount equal to <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>20</STRIKE></FONT></B><B><U>17.5</U></B>% of the Maximum Facility
Amount after giving effect to such Distribution<FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>;
</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><FONT STYLE="font-family:Times New Roman"><strike><u>provided</u></strike></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>,</STRIKE></FONT>
<FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT> <FONT STYLE="font-family:Times New Roman"><strike><u>however</u></strike></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>, that, at
any time that any Term Loans are outstanding, (i) no Distributions may be made pursuant to the Distribution Cap, (ii) no Distributions may be made pursuant to subclause (ii)&nbsp;above, and (ii) no purchases, redemptions, or other acquisitions or
retirement for value of any Equity Interest may be made pursuant to this clause (e);</STRIKE></FONT></B><B><U> on the date thereof.</U></B> </FONT></P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;so long as no Event of
Default has occurred and is continuing or would result therefrom, Parent may make cash payments in lieu of issuance of fractional shares in connection with the conversion of any convertible stock or debt securities of Parent, in an aggregate amount
not to exceed $5,000,000 for all such payments; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parent may make
Common Stock Repurchases and pay dividends on Parent&#146;s common stock so long as: (i)&nbsp;no Default or Event of Default has occurred and is continuing or would result therefrom; (ii)&nbsp;the amount expended in connection with any such
transaction either (at the written election of Parent in accordance with the definition of Top Golf Proceeds): (A) is made solely using Top Golf Proceeds contained in the Top Golf Blocked Account, (B)&nbsp;does not exceed the U.S. Top Golf Reserve
in effect immediately prior to giving effect to any such expenditures, (C)(1) is made solely using cash proceeds of a substantially contemporaneous (I)&nbsp;dividend from the Canadian Borrower to Parent, or (II)&nbsp;repayment by the Canadian
Borrower of an intercompany obligation owing to Parent, and (2)&nbsp;does not exceed the Canadian Top Golf Reserve in effect immediately prior to giving effect to any such expenditures, (D)(1) is made solely using cash proceeds of a substantially
contemporaneous (I)&nbsp;dividend from the German Borrower to Parent, or (II)&nbsp;repayment by the German Borrower of an intercompany obligation owing to Parent, and (2)&nbsp;does not exceed the German Top Golf Reserve in effect immediately prior
to giving effect to any such expenditures, or (E)(1) is made solely using cash proceeds of a substantially contemporaneous (I)&nbsp;dividend from
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>the</STRIKE></FONT></B><B><U>a</U></B> U.K.<B><U>/Dutch</U></B> Borrower to Parent, or (II)&nbsp;repayment by
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>the</STRIKE></FONT></B><B><U>a</U></B> U.K.<B><U>/Dutch</U></B> Borrower of an intercompany obligation owing to Parent, and (2)&nbsp;does not exceed the U.K.<B><U>/Dutch</U></B>
Top Golf Reserve in effect immediately prior to giving effect to any such expenditures; (iii)&nbsp;the aggregate amount expended in connection with all such transactions consummated under this clause (g)&nbsp;and Investments made under clause
10.2.2(k) does not exceed $150,000,000 in the aggregate; (iv)&nbsp;Parent provides Agent with at least 7 days prior written notice of any such transaction (which notice shall contain the amount to be expended in such transaction and evidence of the
source of funds for such expenditure); <B><U>and </U></B>(v)&nbsp;Parent provides Agent with evidence of the completion of any such transaction under this clause (g)<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>; and
(vi)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;no Term Loans are outstanding at the time any such
transaction is consummated</STRIKE></FONT></B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">10.2.7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Change in
Nature of Business</U>. Engage in any material line of business substantially different from those lines of business conducted by Parent and its Subsidiaries on the date hereof, those lines of business conducted by Top Golf and its subsidiaries on
the date of the Top Golf Acquisition, one or more of the leisure goods, products and services businesses generally or, in each case, any business substantially related or incidental thereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">10.2.8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Affiliate Transactions</U>. Enter into any transaction of any kind
with any Affiliate of Parent, except (a)&nbsp;transactions between or among: (i)&nbsp;the U.S. Borrowers, (ii)&nbsp;the U.S. Domiciled Obligors (other than any U.S. Borrower), (iii) the Canadian Domiciled Obligors, (iv)&nbsp;the
U.K.<B><U>/Dutch</U></B> Domiciled Obligors, (v)&nbsp;the German Domiciled Obligors, and (vi)&nbsp;Subsidiaries that are not Borrowers or Guarantors; (b)&nbsp;transactions constituting Investments in Subsidiaries or Excluded Subsidiaries as
permitted by Section&nbsp;10.2.2, (c) transactions constituting Debt among Parent, any of its Subsidiaries or any Excluded Subsidiaries, in each case as permitted by Section&nbsp;10.2.3; (d) transactions among Parent or any of its Subsidiaries, in
each case as permitted by Section&nbsp;10.2.4 or Section&nbsp;10.2.5, (e) transactions constituting Distributions permitted by Section&nbsp;10.2.6, (f) transactions constituting reasonable fees and compensation paid to (including issuance and grants
of securities and stock options, employment agreements and stock option and ownership plans for the benefit of, and indemnities provided on behalf of) officers, directors, employees and consultants of Parent or any Subsidiary, (g)&nbsp;constituting
loans or advances to employees and officers of Parent and its Subsidiaries to the extent permitted by Section&nbsp;10.2.2(a), (h) transactions with Excluded Subsidiaries (including, without limitation, licenses,
<FONT STYLE="white-space:nowrap">sub-licenses,</FONT> leases, <FONT STYLE="white-space:nowrap">sub-leases,</FONT> purchases and sales of goods and services and joint marketing arrangements, in each case, to the extent not otherwise prohibited
hereunder) entered into in the ordinary course of business so long as such transactions do not interfere in any material respect with the business of Parent and its Subsidiaries, taken as a whole, (i)
</P>
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intercompany current liabilities incurred in the ordinary course of business in connection with the cash management, tax and accounting operations of Parent, its Subsidiaries and the Excluded
Subsidiaries to the extent permitted pursuant to Sections 10.2.2(o) and 10.2.3(m), and (j)&nbsp;transactions with Affiliates upon terms no less favorable than would be obtained in a comparable
<FONT STYLE="white-space:nowrap">arm&#146;s-length</FONT> transaction with a <FONT STYLE="white-space:nowrap">non-Affiliate</FONT> and not otherwise prohibited by this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">10.2.9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Burdensome Agreements</U>. Enter into any Contractual Obligation
(other than this Agreement or any other Loan Document) that limits the ability (a)&nbsp;of any Subsidiary to make Distributions to any Borrower or any Guarantor or to otherwise transfer property to any Borrower or any Guarantor, (b)&nbsp;of Parent
or any Subsidiary to incur or repay the Obligations, (c)&nbsp;of Parent or any Subsidiary to grant Liens on any Collateral in favor of the Agent for the benefit of the Lenders, or (d)&nbsp;of any U.S. Subsidiary, U.K. Subsidiary, German Subsidiary,
or Canadian Subsidiary to guarantee the Obligations; provided, that the restrictions set forth herein shall not apply to (i)&nbsp;customary restrictions on transfers of property subject to a capital lease as set forth in such capital lease;
(ii)&nbsp;customary restrictions with respect to a Subsidiary (other than a Borrower) pursuant to an agreement that has been entered into for the sale or disposition (not otherwise prohibited by this Agreement or any other Loan Document) of all or
substantially all of the capital stock or assets of such Subsidiary; (iii)&nbsp;customary prohibitions on assignment in any contract or lease; (iv)&nbsp;customary net worth provisions contained in leases and other agreements entered into by a
Subsidiary in the Ordinary Course of Business; and (v)&nbsp;customary restrictions with respect to Debt permitted under Section&nbsp;10.2.3(s). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">10.2.10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Restrictions on Payment of Certain Debt</U>. Make any
(a)&nbsp;payments (whether voluntary or mandatory, or a prepayment, redemption, retirement, defeasance or acquisition) with respect to any Debt which is subordinated to the Obligations (which, for the avoidance of doubt, does not include any Debt
permitted under <B>Section</B><B></B><B>&nbsp;10.2.3(s)</B>), except regularly scheduled payments of principal, interest and fees, but only to the extent permitted under any subordination agreement relating to such Debt (and a Senior Officer of
Borrower Agent shall certify to Agent, not less than five Business Days prior to the date of payment, that all conditions under such agreement have been satisfied); (b) any voluntary payments with respect to any Borrowed Money (other than the
Obligations and any intercompany obligations) prior to its due date; provided, however, that the restriction set forth in clause (b)&nbsp;shall not apply to: (x)&nbsp;any voluntary payments made to consummate a refinancing in full of the Debt
permitted under <B>Section</B><B></B><B>&nbsp;10.2.3(s)</B> to the extent such refinancing is permitted under the terms of <B>Section</B><B></B><B>&nbsp;10.2.3(s)</B>; and (y)&nbsp;any payment if either: (A)&nbsp;(1) on a pro forma basis after
giving effect to such payment, Net Excess Availability has been greater than an amount equal to <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>15%</STRIKE></FONT></B><B><U>the Threshold Percentage</U></B> of the Maximum
Facility Amount at all times during the thirty (30)&nbsp;day period immediately prior to the making of such payment, (2)&nbsp;Net Excess Availability is greater than an amount equal to
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>15%</STRIKE></FONT></B><B><U>the Threshold Percentage</U></B> of the Maximum Facility Amount after giving effect to such payment, and (3)&nbsp;the Fixed Charge Coverage Ratio, on a
pro forma basis after giving effect to such payment (calculated on a trailing twelve month basis recomputed for the most recent month for which financial statements have been delivered) is not less than 1.0 to 1.0; or (B)&nbsp;(1) average daily Net
Excess Availability, on a pro forma basis after giving effect to such payment, has been greater than an amount equal to <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>20</STRIKE></FONT></B><B><U>17.5</U></B>% of the Maximum
Facility Amount for the ninety (90)&nbsp;day period immediately prior to the making of such payment<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>,</STRIKE></FONT></B><B><U> and</U></B> (2)&nbsp;Net Excess Availability is
greater than an amount equal to <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>20</STRIKE></FONT></B><B><U>17.5</U></B>% of the Maximum Facility Amount after giving effect to such payment<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>, and
(3)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;no Term Loans are outstanding at the time such payment is
made</STRIKE></FONT></B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">10.2.11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Organic Documents</U>. Amend,
modify or otherwise change any of its Organic Documents as in effect on the Original Agreement Closing Date where such amendment, modification or other change would have a Material Adverse Effect. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">10.2.12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Tax
Consolidation</U>. File or consent to the filing of any consolidated income tax return with any Person other than Borrowers, Subsidiaries and Excluded Subsidiaries. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">10.2.13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Accounting Changes</U>. Make any material change in accounting
treatment or reporting practices, except as required by GAAP and in accordance with Section&nbsp;1.2; or change its Fiscal Year. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">10.2.14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Activities of uPlay</U>. Unless Borrowers cause uPlay to become a
Guarantor hereunder in accordance with Section&nbsp;10.1.12, uPlay will not (a)&nbsp;engage in any business or activity or (b)&nbsp;own any assets or have any liabilities (other than liabilities reasonably incurred in connection with its maintenance
of its existence). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">10.2.15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canadian Pension Plans. Without the prior
written consent of Agent, no Obligor shall establish, or otherwise incur any obligations or liabilities under or in connection with any Canadian Pension Plan that provides benefits on a defined benefit basis. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">10.2.16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Equity Interests of the German Borrower</U>. Create, incur, assume
or suffer to exist any Lien over the Equity Interests in (a)&nbsp;the German Borrower or (b)&nbsp;in each direct or indirect holder of such Equity Interests, in each case, other than such Liens in favor of the Agent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>10.3</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Financial Covenants</U></B><B>.</B> As long as any
Commitments or Obligations are outstanding, Borrowers shall<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>:</STRIKE></FONT></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><STRIKE>(a)</STRIKE><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</STRIKE><STRIKE></STRIKE><STRIKE>&nbsp;At any
time the Term Loans are outstanding as of the last day of any Fiscal Quarter, maintain a Fixed Charge Coverage Ratio, measured at the end of the Fiscal Quarter most recently completed for which financial statements have been delivered pursuant to
Section</STRIKE><STRIKE></STRIKE><STRIKE>&nbsp;10.1.1 and at the end of each subsequent Fiscal Quarter while the Term Loans are outstanding, of at least 1.1 to 1.0; and</STRIKE> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>(b)</STRIKE></FONT></B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>At any time there are no Term Loans outstanding,</STRIKE></FONT></B> maintain a Fixed Charge Coverage
Ratio, measured on a Fiscal <FONT STYLE="white-space:nowrap">Quarter-end</FONT> basis, of at least 1.0 to 1.0 as of (a)&nbsp;the end of the last Fiscal Quarter immediately preceding the occurrence of any Covenant Trigger Period for which financial
statements have most recently been delivered pursuant to Section&nbsp;10.1.1, and (b)&nbsp;the end of each Fiscal Quarter for which financial statements are delivered pursuant to Section&nbsp;10.1.1 during any Covenant Trigger Period. </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>10.4</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Company Trademark</U></B>. The Obligors shall maintain,
defend and preserve the Company Trademark and its value, usefulness, merchantability and marketability in a manner consistent with past practices, and shall not sell, assign, transfer, encumber or license the Company Trademark to any Person (other
than Liens created pursuant to the Loan Documents) to the extent that doing so would cause the amount specified in clause (a)&nbsp;of the definition of &#147;U.S. Trademark Formula Amount&#148; to be less than the amount specified in clause
(b)&nbsp;of the definition of &#147;U.S. Trademark Formula Amount&#148; without the prior written consent of the U.S. Required Lenders. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>SECTION&nbsp;11. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EVENTS OF DEFAULT; REMEDIES ON DEFAULT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>11.1</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Events of Default</U></B><B>.</B> Each of the following shall
be an &#147;<U>Event of Default</U>&#148; hereunder, if the same shall occur for any reason whatsoever, whether voluntary or involuntary, by operation of law or otherwise: </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An Obligor fails to pay
(i)&nbsp;when due (whether at stated maturity, on demand, upon acceleration or otherwise) any amount of principal of any Loan or any reimbursement obligation in respect of any LC Obligation, or (ii)&nbsp;any interest on any Loan or any fee or any
other amount (other than an amount referred to in clause (a)(i) above), when and as the same shall become due and payable hereunder or under any other Loan Document (whether at stated maturity, on demand, upon acceleration or otherwise), and such
failure shall continue unremedied for a period of three Business Days; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any representation, warranty or other written statement of an Obligor made
in connection with any Loan Documents or transactions contemplated thereby is incorrect or misleading in any material respect when given; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An Obligor breaches or fail to perform any covenant contained in
<B>Section</B><B></B><B>&nbsp;7.2, 7.4, 7.6, 8.1, 8.2.4, 8.2.5, 8.6.2, 10.1.1, 10.1.2, 10.1.10, 10.2 or 10.3</B>; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An Obligor breaches or fails to perform any other covenant contained in
any Loan Documents, and such breach or failure is not cured within 30 days after a Senior Officer of such Obligor has knowledge thereof or receives notice thereof from Agent, whichever is sooner; provided, however, that such notice and opportunity
to cure shall not apply if the breach or failure to perform is not capable of being cured within such period; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) A Guarantor repudiates, revokes or attempts to revoke its Guarantee;
(ii)&nbsp;an Obligor or third party denies or contests the validity or enforceability of any Loan Documents or Obligations, or the perfection or priority of any Lien granted to Agent; or (iii)&nbsp;any Loan Document ceases to be in full force or
effect for any reason (other than a waiver or release by Agent and Lenders); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any breach or default of an Obligor occurs under any Hedging Agreement, or
any document, instrument or agreement to which it is a party or by which it or any of its Properties is bound, relating to any Debt (other than the Obligations) in excess of the Dollar Equivalent of $10,000,000, if the maturity of or any payment
with respect to such Debt may be accelerated or demanded due to such breach; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any judgment or order for the payment of money is entered against an
Obligor and is unsatisfied for a period of more than 30 days in an amount that exceeds, individually or cumulatively with all other unsatisfied judgments or orders against all Obligors, the Dollar Equivalent of $5,000,000 (net of any insurance
coverage therefor acknowledged in writing by the insurer), unless a stay of enforcement of such judgment or order is in effect, by reason of a pending appeal or otherwise; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A loss, theft, damage or destruction occurs with respect to any Collateral
if the amount not covered by insurance (either individually or in the aggregate) exceeds the Dollar Equivalent of $2,500,000; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) An Obligor is enjoined, restrained or in any way prevented by any
Governmental Authority from conducting any material part of its business and such enjoinment, restraint or prevention could reasonably be expected to have a Material Adverse Effect; (ii)&nbsp;an Obligor suffers the loss, revocation or termination of
any material license, permit, lease or agreement necessary to its business and such loss, revocation or termination could reasonably be expected to have a Material Adverse Effect; (iii)&nbsp;there is a cessation of any material part of an
Obligor&#146;s business for a material period of time and such cessation could reasonably be expected to have a Material Adverse Effect; (iv)&nbsp;any material Collateral or Property of an Obligor is taken or impaired through condemnation and such
taking or impairment could reasonably be expected to have a Material Adverse Effect; (v)&nbsp;a Borrower agrees to or commences any liquidation, dissolution or winding up of its affairs; or (vi)&nbsp;a Borrower is not Solvent; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">186 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Any Obligor
generally fails to pay, or admits in writing its inability or refusal to pay, its debts as they become due; (ii)&nbsp;an Insolvency Proceeding is commenced by any Obligor; (iii)&nbsp;any Obligor agrees to, commences or is subject to a liquidation,
dissolution or winding up of its affairs; (iv)&nbsp;any Obligor makes an offer of settlement, extension, proposal (or files a notice of intention to make a proposal), plan of arrangement or composition to its unsecured creditors generally;
(v)&nbsp;a Creditor Representative is appointed to take possession of any substantial Property of or to operate or sell any of the business of any Obligor; or (vi)&nbsp;an Insolvency Proceeding is commenced against any Obligor and (A)&nbsp;such
Obligor consents to the institution of the proceeding against it, (B)&nbsp;such petition commencing the proceeding is not timely contested by such Obligor, (C)&nbsp;(1) in the case of an Obligor (other than a U.K. Domiciled Obligor) such petition is
not dismissed within 30 days after its filing or (2)&nbsp;in the case of a U.K. Domiciled Obligor, such petition is a <FONT STYLE="white-space:nowrap">winding-up</FONT> petition which is not frivolous or vexatious and is not discharged, stayed or
dismissed within 14 days of commencement, or (D)&nbsp;an order for relief is entered in the proceeding; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) An ERISA Event occurs with respect to a Pension Plan or Multiemployer
Plan that has resulted or could reasonably be expected to result in liability of an Obligor to a Pension Plan, Multiemployer Plan or PBGC in an aggregate amount in excess of $10,000,000, or that constitutes grounds for appointment of a trustee for
or termination by the PBGC of any Pension Plan or Multiemployer Plan; (ii)&nbsp;an Obligor or ERISA Affiliate fails to pay when due any installment payment with respect to its withdrawal liability under Section&nbsp;4201 of ERISA under a
Multiemployer Plan in an aggregate amount in excess of $10,000,000; or (iii)&nbsp;any event similar to the foregoing occurs or exists with respect to a Foreign Plan; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) a Termination Event shall occur or any Canadian Multi-Employer Plan
shall be terminated, in each case, in circumstances which would result or could reasonably be expected to result in a Canadian Facility Obligor required to make a contribution to or in respect of a Canadian Pension Plan or a Canadian Multi-Employer
Plan in an aggregate amount in excess of $2,500,000 or results in the appointment, by <B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>FSCO</STRIKE></FONT></B><B><U>the FSRA</U></B>, of an administrator to wind up a Canadian
Pension Plan; (B)&nbsp;any Canadian Domiciled Obligor is in default with respect to any required contributions to a Canadian Pension Plan or fails to eliminate a solvency deficiency or keep such plan fully funded; or (C)&nbsp;any Lien arises (save
for contribution amounts not yet due) in connection with any Canadian Pension Plan; or </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A Change of Control occurs. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>11.2</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Remedies upon Default</U></B><B>.</B> If an Event of Default
described in <B>Section</B><B></B><B>&nbsp;11.1(j)</B> occurs with respect to any Obligor, then to the extent permitted by Applicable Law, all Obligations (other than Secured Bank Product Obligations) shall become automatically due and payable and
all Commitments shall terminate, without any action by Agent or notice of any kind. In addition, if any other Event of Default exists, Agent may in its discretion (and shall upon written direction of Required Lenders) do any one or more of the
following from time to time: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;declare any Obligations (other than
Secured Bank Product Obligations) immediately due and payable, whereupon they shall be due and payable without diligence, presentment, demand, protest or notice of any kind, all of which are hereby waived by Borrowers to the fullest extent permitted
by law; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;terminate, reduce or condition any Commitment, or make any
adjustment to the Borrowing Base; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;require Obligors to Cash
Collateralize LC Obligations, Secured Bank Product Obligations and other Obligations that are contingent or not yet due and payable<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>, and, if Obligors fail promptly to deposit such
Cash Collateral, Agent may (and shall upon the direction of</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;</STRIKE></FONT></B> </P>
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<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>Required Lenders) advance the required Cash Collateral as Revolver Loans (whether or not an Overadvance exists or is created
thereby, or the conditions in Section</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;6 are
satisfied)</STRIKE></FONT></B>; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;exercise any other rights or
remedies afforded under any agreement, by law, at equity or otherwise, including the rights and remedies of a secured party under the UCC and the PPSA. Such rights and remedies include the rights to (i)&nbsp;take possession of any Collateral;
(ii)&nbsp;require Obligors to assemble Collateral, at Obligors&#146; expense, and make it available to Agent at a place designated by Agent; (iii)&nbsp;enter any premises where Collateral is located and store Collateral on such premises until sold
(and if the premises are owned or leased by an Obligor, Obligors agree not to charge for such storage); and (iv)&nbsp;sell or otherwise dispose of any Collateral in its then condition, or after any further manufacturing or processing thereof, at
public or private sale, with such notice as may be required by Applicable Law, in lots or in bulk, at such locations, all as Agent, in its discretion, deems advisable. Each Obligor agrees that 10 days&#146; notice of any proposed sale or other
disposition of Collateral by Agent shall be reasonable. Agent shall have the right to conduct such sales on any Obligor&#146;s premises, without charge, and such sales may be adjourned from time to time in accordance with Applicable Law. Agent shall
have the right to sell, lease or otherwise dispose of any Collateral for cash, credit or any combination thereof, and Agent may purchase any Collateral at public or, if permitted by law, private sale and, in lieu of actual payment of the purchase
price, may credit bid and set off the amount of such price against the Obligations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>11.3</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>License</U></B><B>.</B> Agent is hereby granted an
irrevocable, <FONT STYLE="white-space:nowrap">non-exclusive</FONT> license or other right to use, license or <FONT STYLE="white-space:nowrap">sub-license</FONT> (without payment of royalty or other compensation to any Person), exercisable at any
time following the occurrence and during the continuation of an Event of Default, any or all Intellectual Property of Obligors, computer hardware and software, trade secrets, brochures, customer lists, promotional and advertising materials, labels,
packaging materials and other Property, in advertising for sale, marketing, selling, collecting, completing manufacture of, or otherwise exercising any rights or remedies with respect to, any Collateral. Each Obligor&#146;s rights and interests
under Intellectual Property shall inure to Agent&#146;s benefit. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>11.4</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Setoff</U></B><B>.</B> At any time during an Event of
Default, Agent, Issuing Banks, Lenders, and any of their Affiliates are authorized, 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 Agent, such Issuing Bank, such Lender or such Affiliate to or for the credit or the account of an Obligor against any Obligations, irrespective of whether
or not Agent, such Issuing Bank, such Lender or such Affiliate shall have made any demand under this Agreement or any other Loan Document and although such Obligations may be contingent or unmatured or are owed to a branch or office of Agent, such
Issuing Bank, such Lender or such Affiliate different from the branch or office holding such deposit or obligated on such indebtedness. The rights of Agent, each Issuing Bank, each Lender and each such Affiliate under this Section are in addition to
other rights and remedies (including other rights of setoff) that such Person may have. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B>11.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Remedies Cumulative; No Waiver</U>. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">11.5.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Cumulative Rights</U>. All agreements, warranties, guaranties,
indemnities and other undertakings of Obligors under the Loan Documents are cumulative and not in derogation of each other. The rights and remedies of Agent and Lenders are cumulative, may be exercised at any time and from time to time, concurrently
or in any order, and are not exclusive of any other rights or remedies available by agreement, by law, at equity or otherwise. All such rights and remedies shall continue in full force and effect until Full Payment of all Obligations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">11.5.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Waivers</U>. No waiver or course of dealing shall be established by
(a)&nbsp;the failure or delay of Agent or any Lender to require strict performance by Obligors with any terms of the Loan </P>
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Documents, or to exercise any rights or remedies with respect to Collateral or otherwise; (b)&nbsp;the making of any Loan or issuance of any Letter of Credit during a Default, Event of Default or
other failure to satisfy any conditions precedent; or (c)&nbsp;acceptance by Agent or any Lender of any payment or performance by an Obligor under any Loan Documents in a manner other than that specified therein. It is expressly acknowledged by
Obligors that any failure to satisfy a financial covenant on a measurement date shall not be cured or remedied by satisfaction of such covenant on a subsequent date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>11.6</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Judgment Currency</U></B><B>.</B> If, for purposes of
obtaining judgment in any court, it is necessary to convert a sum from the currency provided under a Loan Document (&#147;<U>Agreement Currency</U>&#148;) into another currency, the Spot Rate shall be used as the rate of exchange. Notwithstanding
any judgment in a currency (&#147;<U>Judgment Currency</U>&#148;) other than the Agreement Currency, an Obligor shall discharge its obligation in respect of any sum due under a Loan Document only if, on the Business Day following receipt by Agent or
any Secured Party of payment in the Judgment Currency, Agent or such Secured Party can use the amount paid to purchase the sum originally due in the Agreement Currency. If the purchased amount is less than the sum originally due, such Obligor
agrees, as a separate obligation and notwithstanding any such judgment, to indemnify Agent and Secured Parties against such loss. If the purchased amount is greater than the sum originally due, Agent or such Secured Party shall return the excess
amount to such Obligor (or to the Person legally entitled thereto). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>SECTION&nbsp;12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AGENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>12.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Appointment, Authority and Duties of Agent</U>. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">12.1.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Appointment and Authority</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Secured Party appoints and designates Bank of America as Agent under
all Loan Documents. Agent may, and each Secured Party authorizes Agent to, enter into all Loan Documents to which Agent is intended to be a party and accept all Security Documents, for the benefit of Secured Parties. Each Secured Party agrees that
any action taken by Agent, Required Lenders, U.S. Required Lenders, German Required Lenders, U.K.<B><U>/Dutch</U></B> Required Lenders, or Canadian Required Lenders in accordance with the provisions of the Loan Documents, and the exercise by Agent
or Required Lenders of any rights or remedies set forth therein, together with all other powers reasonably incidental thereto, shall be authorized by and binding upon all Secured Parties. Without limiting the generality of the foregoing, Agent shall
have the sole and exclusive authority to (a)&nbsp;act as the disbursing and collecting agent for Lenders with respect to all payments and collections arising in connection with the Loan Documents; (b)&nbsp;execute and deliver as Agent each Loan
Document, including any intercreditor or subordination agreement, and accept delivery of each Loan Document from any Obligor or other Person; (c)&nbsp;act as collateral agent for Secured Parties for purposes of perfecting and administering Liens
under the Loan Documents, and for all other purposes stated therein; (d)&nbsp;manage, supervise or otherwise deal with Collateral; and (e)&nbsp;take any Enforcement Action or otherwise exercise any rights or remedies with respect to any Collateral
under the Loan Documents, Applicable Law or otherwise. The duties of Agent shall be ministerial and administrative in nature, and Agent shall not have a fiduciary relationship with any Secured Party, Participant or other Person, by reason of any
Loan Document or any transaction relating thereto. Agent alone shall be authorized to determine whether any Accounts or Inventory constitute Eligible Accounts, Eligible Inventory or Eligible <FONT STYLE="white-space:nowrap">In-Transit</FONT>
Inventory, whether to impose or release any reserve, or whether any conditions to funding or to issuance of a Letter of Credit have been satisfied, which determinations and judgments, if exercised in good faith, shall exonerate Agent from liability
to any Lender or other Person for any error in judgment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For the
purposes of creating a solidarit&eacute; active in accordance with Article 1541 of the Civil Code of Quebec between each Secured Party, taken individually, on the one hand, and the Agent, </P>
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on the other hand, each Obligor and each such Secured Party acknowledge and agree with the Agent that such Secured Party and the Agent are hereby conferred the legal status of solidary creditors
of each such Obligor in respect of all Obligations owed by each such Obligor to the Agent and such Secured Party hereunder and under the other Loan Documents (collectively, the &#147;Solidary Claim&#148;) and that, accordingly, but subject (for the
avoidance of doubt) to Article 1542 of the Civil Code of Quebec, each such Obligor is irrevocably bound towards the Agent and each Secured Party in respect of the entire Solidary Claim of the Agent and such Secured Party. As a result of the
foregoing, the parties hereto acknowledge that the Agent and each Secured Party shall at all times have a valid and effective right of action for the entire Solidary Claim of the Agent and such Secured Party and the right to give full acquittance
for it. Accordingly, and without limiting the generality of the foregoing, the Agent, as solidary creditor with each Secured Party, shall at all times have a valid and effective right of action in respect of the Solidary Claim and the right to give
a full acquittance for same. By its execution of the Loan Documents to which it is a party, each such Obligor not a party hereto shall also be deemed to have accepted the stipulations hereinabove provided. The parties further agree and acknowledge
that such Liens (hypothecs) under the Security Documents and the other Loan Documents shall be granted to the Agent, for its own benefit and for the benefit of the Secured Parties, as solidary creditor as hereinabove set forth. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Without limiting the foregoing or any powers of Agent, for the purposes of
holding any hypothec granted to the Attorney (as defined below) pursuant to the laws of the Province of Qu&eacute;bec to secure the prompt payment and performance of any and all Obligations by any Obligor, each of the Secured Parties hereby
irrevocably appoints and authorizes Agent and, to the extent necessary, ratifies the appointment and authorization of Agent, to act as the hypothecary representative of the present and future creditors as contemplated under Article 2692 of the Civil
Code (in such capacity, the &#147;<U>Attorney</U>&#148;), and to enter into, to take and to hold on their behalf, and for their benefit, any hypothec, and to exercise such powers and duties that are conferred upon the Attorney under any related deed
of hypothec. The Attorney shall: (i)&nbsp;have the sole and exclusive right and authority to exercise, except as may be otherwise specifically restricted by the terms hereof, all rights and remedies given to the Attorney pursuant to any such deed of
hypothec and applicable law, and (ii)&nbsp;benefit from and be subject to all provisions hereof with respect to Agent mutatis mutandis, including, without limitation, all such provisions with respect to the liability or responsibility to and
indemnification by the Secured Parties and Obligors. Any person who becomes a Secured Party shall, by its execution of an Assignment and Acceptance, be deemed to have consented to and confirmed the Attorney as the person acting as hypothecary
representative holding the aforesaid hypothecs as aforesaid and to have ratified, as of the date it becomes a Secured Party, all actions taken by the Attorney in such capacity. The substitution of Agent pursuant to the provisions of this
Section&nbsp;12 also constitutes the substitution of the Attorney. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">12.1.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Duties</U>. Agent shall not have any duties except those expressly
set forth in the Loan Documents. The conferral upon Agent of any right shall not imply a duty to exercise such right, unless instructed to do so by Lenders in accordance with this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">12.1.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Agent Professionals</U>. Agent may perform its duties through
agents and employees. Agent may consult with and employ Agent Professionals, and shall be entitled to act upon, and shall be fully protected in any action taken in good faith reliance upon, any advice given by an Agent Professional. Agent shall not
be responsible for the negligence or misconduct of any agents, employees or Agent Professionals selected by it with reasonable care. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">12.1.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Instructions of Required Lenders</U>. The rights and remedies
conferred upon Agent under the Loan Documents may be exercised without the necessity of joinder of any other party, unless required by Applicable Law. Agent may request instructions from Required Lenders or other Secured Parties with respect to any
act (including the failure to act) in connection with any Loan Documents, and may seek assurances to its satisfaction from Secured Parties of their indemnification </P>
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obligations against all Claims that could be incurred by Agent in connection with any act. Agent shall be entitled to refrain from any act until it has received such instructions or assurances,
and Agent shall not incur liability to any Person by reason of so refraining. Instructions of Required Lenders shall be binding upon all Secured Parties, and no Secured Party shall have any right of action whatsoever against Agent as a result of
Agent acting or refraining from acting in accordance with the instructions of Required Lenders. Notwithstanding the foregoing, instructions by and consent of specific parties shall be required to the extent provided in
<B>Section</B><B></B><B>&nbsp;14.1.1</B>. In no event shall Agent be required to take any action that, in its opinion, is contrary to Applicable Law or any Loan Documents or could subject any Agent Indemnitee to personal liability. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">12.1.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Agent as Security Trustee</U>. In this Agreement and the U.K.
Security Agreements, any rights and remedies exercisable by, any documents to be delivered to, or any other indemnities or obligations in favor of Agent shall be, as the case may be, exercisable by, delivered to, or be indemnities or other
obligations in favor of, Agent (or any other Person acting in such capacity) in its capacity as security trustee of Secured Parties to the extent that the rights, deliveries, indemnities or other obligations relate to the U.K. Security Agreements or
the security thereby created. Any obligations of Agent (or any other Person acting in such capacity) in this Agreement and U.K. Security Agreements shall be obligations of Agent in its capacity as security trustee of Secured Parties to the extent
that the obligations relate to the U.K. Security Agreements or the security thereby created. Additionally, in its capacity as security trustee of Secured Parties Agent (or any other Person acting in such capacity) shall have (i)&nbsp;all the rights,
remedies and benefits in favor of Agent contained in the provisions of the whole of this <B>Section</B><B></B><B>&nbsp;12</B>; (ii) all the powers of an absolute owner of the security constituted by the U.K. Security Agreements <B><U>;</U></B> and
(iii)&nbsp;all the rights, remedies and powers granted to it and be subject to all the obligations and duties owed by it under the U.K. Security Agreements and/or any of the Loan Documents. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">12.1.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Appointment of Agent as Security Trustee</U>. Each Secured Party
hereby appoints Agent to act as its trustee under and in relation to the U.K. Security Agreements<B> </B>and to hold the assets subject to the security thereby created as trustee for Secured Parties on the trusts and other terms contained in the
U.K. Security Agreements and each Secured Party hereby irrevocably authorizes Agent in its capacity as security trustee of Secured Parties to exercise such rights, remedies, powers and discretions as are specifically delegated to Agent as security
trustee of Secured Parties by the terms of the U.K. Security Agreements together with all such rights, remedies, powers and discretions as are reasonably incidental thereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">12.1.7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Liens</U>. Any reference in this Agreement to Liens stated to be in
favor of Agent shall be construed so as to include a reference to Liens granted in favor of Agent in its capacity as security trustee of Secured Parties. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">12.1.8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Successors</U>. Secured Parties agree that, if at any time that the
Person acting as security trustee of Secured Parties in respect of the U.K. Security Agreements shall be a Person other than Agent, such other Person shall have the rights, remedies, benefits and powers granted to Agent in its capacity as security
trustee of Secured Parties under this Agreement and the U.K. Security Agreements. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">12.1.9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Capacity</U>. Nothing in <B>Sections 12.1.5</B> to <B>12.1.8</B>
shall require Agent in its capacity as security trustee of Secured Parties under the U.K. Security Agreements to act as a trustee at common law or to be holding any property on trust, in any jurisdiction outside the U.K. which may not operate under
principles of trust or where such trust would not be recognized or its effects would not be enforceable. </P>
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Regarding Collateral and Field Examination Reports</U>. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">12.2.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Lien Releases; Care of Collateral</U>. Secured Parties authorize
Agent to release any Lien with respect to any Collateral (a)&nbsp;upon Full Payment of the Obligations; (b)&nbsp;that is the subject of an Asset Disposition which Borrowers certify in writing to Agent is a disposition permitted hereunder or a Lien
which Borrowers certify is a Permitted Lien entitled to priority over Agent&#146;s Liens (and Agent may rely conclusively on any such certificate without further inquiry); (c) that does not have, when aggregated with all other released Collateral
under this clause (c)&nbsp;in any calendar year, a book value greater than $5,000,000; or (d)&nbsp;with the written consent of all Lenders. Secured Parties authorize Agent to release or subordinate its Liens to any Lien permitted under
<B>Section</B><B></B>&nbsp;10.2.1(j) or Section&nbsp;10.2.1(p<B>)</B>. Agent shall have no obligation to assure that any Collateral exists or is owned by a Borrower, or is cared for, protected, insured or encumbered, nor to assure that Agent&#146;s
Liens have been properly created, perfected or enforced, or are entitled to any particular priority, nor to exercise any duty of care with respect to any Collateral. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">12.2.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Possession of Collateral</U>. Agent and Secured Parties appoint
each Lender as agent (for the benefit of Secured Parties) for the purpose of perfecting Liens in any Collateral held or controlled by such Lender, to the extent such Liens are perfected by possession or control. If any Lender obtains possession or
control of any Collateral, it shall notify Agent thereof and, promptly upon Agent&#146;s request, deliver such Collateral to Agent or otherwise deal with it in accordance with Agent&#146;s instructions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">12.2.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Reports</U>. Agent shall promptly forward to each Lender, when
complete, copies of any field audit, examination or appraisal report prepared by or for Agent with respect to any Obligor or Collateral (&#147;<U>Report</U>&#148;). Each Lender agrees (a)&nbsp;that neither Bank of America nor Agent makes any
representation or warranty as to the accuracy or completeness of any Report, and shall not be liable for any information contained in or omitted from any Report; (b)&nbsp;that the Reports are not intended to be comprehensive audits or examinations,
and that Agent or any other Person performing any audit or examination will inspect only specific information regarding Obligations or the Collateral and will rely significantly upon the applicable Obligors&#146; books and records as well as upon
representations of the applicable Obligors&#146; officers and employees; and (c)&nbsp;to keep all Reports confidential and strictly for such Lender&#146;s internal use, and not to distribute any Report (or the contents thereof) to any Person
(except: (i)&nbsp;to such Lender&#146;s Participants, attorneys and accountants, (ii)&nbsp;to the extent requested by any governmental, regulatory or self-regulatory authority purporting to have jurisdiction over it or its Affiliates, or
(iii)&nbsp;to the extent required by Applicable Law or by any subpoena or other legal process) or use any Report in any manner other than administration of the Loans and other Obligations. Each Lender shall indemnify and hold harmless Agent and any
other Person preparing a Report from any action such Lender may take as a result of or any conclusion it may draw from any Report, as well as from any Claims arising as a direct or indirect result of Agent furnishing a Report to such Lender. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>12.3</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Reliance By Agent</U></B><B>.</B> Agent shall be entitled to
rely, and shall be fully protected in relying, upon any certification, notice or other communication (including those by telephone, telex, telegram, telecopy or <FONT STYLE="white-space:nowrap">e-mail)</FONT> believed by it to be genuine and correct
and to have been signed, sent or made by the proper Person, and upon the advice and statements of Agent Professionals. Agent shall have a reasonable and practicable amount of time to act upon any instruction, notice or other communication under any
Loan Document, and shall not be liable for any delay in acting. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>12.4</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Action Upon Default</U></B><B>.</B> Agent shall not be deemed
to have knowledge of any Default or Event of Default, or of any failure to satisfy any conditions in <B>Section</B><B></B><B>&nbsp;6</B>, unless it has received written notice from a Borrower or Required Lenders specifying the occurrence and nature
thereof. If any Lender acquires knowledge of a Default, Event of Default or failure of such conditions, it shall promptly notify Agent and the other Lenders thereof in writing. Each Secured Party agrees that, except as otherwise provided in any Loan
Documents or with the written consent of Agent and Required Lenders, it will not </P>
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take any Enforcement Action, accelerate Obligations (other than Secured Bank Product Obligations), or exercise any right that it might otherwise have under Applicable Law to credit bid at
foreclosure sales, UCC or PPSA sales or other similar dispositions of Collateral or to assert any rights relating to any Collateral. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>12.5</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Ratable Sharing</U></B><B>.</B> No Lender shall set off
against any Dominion Account without the prior consent of Agent. If any Lender shall obtain any payment or reduction of any Obligation, whether through <FONT STYLE="white-space:nowrap">set-off</FONT> or otherwise, in excess of its share of such
Obligation, determined on a Pro Rata basis or in accordance with <B>Section</B><B></B><B>&nbsp;5.6.1</B>, as applicable, such Lender shall forthwith purchase from Agent, the U.S. Issuing Bank (if such Obligation is a U.S. Facility Obligation), the
Canadian Issuing Bank (if such Obligation is a Canadian Facility Obligation), the German Issuing Bank (if such Obligation is a German Facility Obligation), the U.K.<B><U>/Dutch</U></B> Issuing Bank (if such Obligation is a U.K. Facility Obligation),
and the other Lenders such participations in the affected Obligation as are necessary to cause the purchasing Lender to share the excess payment or reduction on a Pro Rata basis or in accordance with <B>Section</B><B></B><B>&nbsp;5.6.1</B>, as
applicable. If any of such payment or reduction is thereafter recovered from the purchasing Lender, the purchase shall be rescinded and the purchase price restored to the extent of such recovery, but without interest. Notwithstanding the foregoing,
if a Defaulting Lender obtains a payment or reduction of any Obligation, it shall immediately turn over the amount thereof to Agent for application under <B>Section</B><B></B><B>&nbsp;4.2.2</B> and it shall provide a written statement to Agent
describing the Obligation affected by such payment or reduction. No Lender shall set off against any Dominion Account without the prior consent of the Agent </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>12.6</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Indemnification</U></B><B>.</B> <B>EACH LENDER SHALL
INDEMNIFY AND HOLD HARMLESS AGENT INDEMNITEES AND ISSUING BANK INDEMNITEES, TO THE EXTENT NOT REIMBURSED BY OBLIGORS, ON A PRO RATA BASIS, AGAINST ALL CLAIMS THAT MAY BE INCURRED BY OR ASSERTED AGAINST ANY SUCH INDEMNITEE (OTHER THAN CLAIMS THAT ARE
CAUSED BY THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF SUCH INDEMNITEE), PROVIDED THAT ANY CLAIM AGAINST AN AGENT INDEMNITEE RELATES TO OR ARISES FROM ITS ACTING AS OR FOR AGENT (IN THE CAPACITY OF AGENT).</B> In Agent&#146;s discretion, it may
reserve for any Claims made against an Agent Indemnitee or Issuing Bank Indemnitee, and may satisfy any judgment, order or settlement relating thereto, from proceeds of Collateral prior to making any distribution of Collateral proceeds to Secured
Parties. If Agent is sued by any Creditor Representative, <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">debtor-in-possession</FONT></FONT> or other Person for any alleged preference or fraudulent transfer, then any monies paid by
Agent in settlement or satisfaction of such proceeding, together with all interest, costs and expenses (including attorneys&#146; fees) incurred in the defense of same, shall be promptly reimbursed to Agent by each Lender to the extent of its Pro
Rata share. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>12.7</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Limitation on Responsibilities of
Agent</U></B><B>.</B> Agent shall not be liable to any Secured Party for any action taken or omitted to be taken under the Loan Documents, except for losses directly and solely caused by Agent&#146;s gross negligence or willful misconduct. Agent
does not assume any responsibility for any failure or delay in performance or any breach by any Obligor, Lender or other Secured Party of any obligations under the Loan Documents. Agent does not make any express or implied representation, warranty
or guarantee to Secured Parties with respect to any Obligations, Collateral, Loan Documents or Obligor. No Agent Indemnitee shall be responsible to Secured Parties for any recitals, statements, information, representations or warranties contained in
any Loan Documents; the execution, validity, genuineness, effectiveness or enforceability of any Loan Documents; the genuineness, enforceability, collectability, value, sufficiency, location or existence of any Collateral, or the validity, extent,
perfection or priority of any Lien therein; the validity, enforceability or collectability of any Obligations; or the assets, liabilities, financial condition, results of operations, business, creditworthiness or legal status of any Obligor or
Account Debtor. No Agent Indemnitee shall have any obligation to any Secured Party to ascertain or inquire into the existence of any Default or Event of Default, the observance or performance by any Obligor of any terms of the Loan Documents, or the
satisfaction of any conditions precedent contained in any Loan Documents. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>12.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Successor Agent
and <FONT STYLE="white-space:nowrap">Co-Agents</FONT></U>. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">12.8.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Resignation; Successor Agent</U>. Subject to the appointment and
acceptance of a successor Agent as provided below, Agent may resign at any time by giving at least 30 days written notice thereof to Lenders and Borrower Agent. Upon receipt of such notice, Required Lenders shall have the right to appoint a
successor Agent which shall be (a)&nbsp;a U.S. Lender or an Affiliate of a U.S. Lender; or (b)&nbsp;a commercial bank that is organized under the laws of the United States or any state or district thereof, has a combined capital surplus of at least
$200,000,000 and (provided no Default or Event of Default exists) is reasonably acceptable to Borrower Agent. If no successor agent is appointed prior to the effective date of the resignation of Agent, then Agent may appoint a successor agent from
among Lenders or, if no Lender accepts such role, Agent may appoint Required Lenders as successor Agent. Upon acceptance by a successor Agent of an appointment to serve as Agent hereunder, or upon appointment of Required Lenders as successor Agent,
such successor Agent shall thereupon succeed to and become vested with all the powers and duties of the retiring Agent (including as security trustee of Secured Parties under the U.K. Security Agreements) without further act, and the retiring Agent
shall be discharged from its duties and obligations hereunder but shall continue to have the benefits of the indemnification set forth in <B>Sections 12.6</B> and <B>14.2</B>. Notwithstanding any Agent&#146;s resignation, the provisions of this
<B>Section</B><B></B><B>&nbsp;12</B> shall continue in effect for its benefit with respect to any actions taken or omitted to be taken by it while Agent. Any successor to Bank of America by merger or acquisition of stock or this loan shall continue
to be Agent (including as security trustee of Secured Parties under the U.K. Security Agreements) hereunder without further act on the part of the parties hereto, unless such successor resigns as provided above. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">12.8.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Separate Collateral Agent</U>. It is the intent of the parties that
there shall be no violation of any Applicable Law denying or restricting the right of financial institutions to transact business in any jurisdiction. If Agent believes that it may be limited in the exercise of any rights or remedies under the Loan
Documents due to any Applicable Law, Agent may appoint an additional Person who is not so limited, as a separate collateral agent or <FONT STYLE="white-space:nowrap">co-collateral</FONT> agent. If Agent so appoints a collateral agent or <FONT
STYLE="white-space:nowrap">co-collateral</FONT> agent, each right and remedy intended to be available to Agent under the Loan Documents shall also be vested in such separate agent. Secured Parties shall execute and deliver such documents as Agent
deems appropriate to vest any rights or remedies in such agent. If any collateral agent or <FONT STYLE="white-space:nowrap">co-collateral</FONT> agent shall die or dissolve, become incapable of acting, resign or be removed, then all the rights and
remedies of such agent, to the extent permitted by Applicable Law, shall vest in and be exercised by Agent until appointment of a new agent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>12.9</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Due Diligence and
<FONT STYLE="white-space:nowrap">Non-Reliance</FONT></U></B><B>.</B> Each Lender acknowledges and agrees that it has, independently and without reliance upon Agent or any other Lenders, and based upon such documents, information and analyses as it
has deemed appropriate, made its own credit analysis of each Obligor and its own decision to enter into this Agreement and to fund Loans and participate in LC Obligations hereunder. Each Secured Party has made such inquiries as it feels necessary
concerning the Loan Documents, Collateral and Obligors. Each Secured Party acknowledges and agrees that the other Secured Parties have made no representations or warranties concerning any Obligor, any Collateral or the legality, validity,
sufficiency or enforceability of any Loan Documents or Obligations. Each Secured Party will, independently and without reliance upon any other Secured Party, and based upon such financial statements, documents and information as it deems appropriate
at the time, continue to make and rely upon its own credit decisions in making Loans and participating in LC Obligations, and in taking or refraining from any action under any Loan Documents. Except for notices, reports and other information
expressly requested by a Lender, Agent shall have no duty or responsibility to provide any Secured Party with any notices, reports or certificates furnished to Agent by any Obligor or any credit or other information concerning the affairs, financial
condition, business or Properties of any Obligor (or any of its Affiliates) which may come into possession of Agent or its Affiliates. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>12.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Remittance of
Payments and Collections</U>. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">12.10.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Remittances Generally</U>.
All payments by any Lender to Agent shall be made by the time and on the day set forth in this Agreement, in immediately available funds. If no time for payment is specified or if payment is due on demand by Agent and request for payment is made by
Agent by 11:00 a.m. (Applicable Time Zone) on a Business Day, payment shall be made by Lender not later than 2:00 p.m. (Applicable Time Zone) on such day, and if request is made after 11:00 a.m. (Applicable Time Zone), then payment shall be made by
11:00 a.m. (Applicable Time Zone) on the next Business Day. Payment by Agent to any Secured Party shall be made by wire transfer, in the type of funds received by Agent. Any such payment shall be subject to Agent&#146;s right of offset for any
amounts due from such payee under the Loan Documents. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">12.10.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Failure
to Pay</U>. If any Secured Party fails to pay any amount when due by it to Agent pursuant to the terms hereof, such amount shall bear interest from the due date until paid at the rate determined by Agent as customary in the banking industry for
interbank compensation. In no event shall Obligors be entitled to receive credit for any interest paid by a Secured Party to Agent, nor shall any Defaulting Lender be entitled to interest on any amounts held by Agent pursuant to
<B>Section</B><B></B><B>&nbsp;4.2</B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">12.10.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Recovery of
Payments</U>. If Agent pays any amount to a Secured Party in the expectation that a related payment will be received by Agent from an Obligor and such related payment is not received, then Agent may recover such amount from each Secured Party that
received it. If Agent determines at any time that an amount received under any Loan Document must be returned to an Obligor or paid to any other Person pursuant to Applicable Law or otherwise, then, notwithstanding any other term of any Loan
Document, Agent shall not be required to distribute such amount to any Lender. If any amounts received and applied by Agent to any Obligations are later required to be returned by Agent pursuant to Applicable Law, each Lender shall pay to Agent,
<B>on demand</B>, such Lender&#146;s Pro Rata share of the amounts required to be returned. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>12.11</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Agent in its Individual Capacity</U></B><B>.</B> As a
Lender, Bank of America shall have the same rights and remedies under the other Loan Documents as any other Lender, and the terms &#147;Lenders,&#148; &#147;Required Lenders,&#148; &#147;U.S. Required Lenders,&#148; &#147;German Required
Lenders,&#148; &#147;U.K.<B><U>/Dutch</U></B> Required Lenders,&#148; &#147;Canadian Required Lenders&#148; or any similar term shall include Bank of America, if applicable, in its capacity as a Lender. Bank of America and its Affiliates may accept
deposits from, lend money to, provide Bank Products to, act as financial or other advisor to, and generally engage in any kind of business with, Obligors and their Affiliates, as if Bank of America were not Agent hereunder, without any duty to
account therefor to Lenders. In their individual capacities, Bank of America and its Affiliates may receive information regarding Obligors, their Affiliates and their Account Debtors (including information subject to confidentiality obligations),
and each Secured Party agrees that Bank of America and its Affiliates shall be under no obligation to provide such information to any Secured Party, if acquired in such individual capacity. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>12.12</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Agent Titles</U></B><B>.</B> Each Lender, other than Bank of
America, that is designated (on the cover page of this Agreement or otherwise) by Bank of America as an &#147;Agent&#148; or &#147;Arranger&#148; of any type shall not have any right, power, responsibility or duty under any Loan Documents other than
those applicable to all Lenders, and shall in no event be deemed to have any fiduciary relationship with any other Lender. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>12.13</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Bank Product Providers</U></B><B>.</B> Each Secured Bank
Product Provider, by delivery of a notice to Agent of a Bank Product, agrees to be bound by <B>Section</B><B></B><B>&nbsp;5.6</B> and this <B>Section</B><B></B><B>&nbsp;12</B>. Each Secured Bank Product Provider shall indemnify and hold harmless
Agent Indemnitees, to the extent not reimbursed by Obligors, against all Claims that may be incurred by or asserted against any Agent Indemnitee in connection </P>
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with such provider&#146;s Secured Bank Product Obligations, unless such Claim is caused by the gross negligence or willful misconduct of such Agent Indemnitee. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>12.14</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>No Third Party Beneficiaries</U></B><B>.</B> This
<B>Section</B><B></B><B>&nbsp;12</B> is an agreement solely among Secured Parties and Agent, and shall survive Full Payment of the Obligations. This <B>Section</B><B></B><B>&nbsp;12</B> does not confer any rights or benefits upon Obligors or any
other Person. As between Obligors and Agent, any action that Agent may take under any Loan Documents or with respect to any Obligations shall be conclusively presumed to have been authorized and directed by Secured Parties. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>SECTION&nbsp;13. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BENEFIT OF AGREEMENT; ASSIGNMENTS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>13.1</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Successors and Assigns</U></B><B>.</B> This Agreement shall
be binding upon and inure to the benefit of Obligors, Agent, Lenders, Secured Parties, and their respective successors and assigns, except that (a)&nbsp;no Obligor shall have the right to assign its rights or delegate its obligations under any Loan
Documents; and (b)&nbsp;any assignment by a Lender must be made in compliance with <B>Section</B><B></B><B>&nbsp;13.3</B>. Agent may treat the Person which made any Loan as the owner thereof for all purposes until such Person makes an assignment in
accordance with<B> Section</B><B></B><B>&nbsp;13.3</B>. Any authorization or consent of a Lender shall be conclusive and binding on any subsequent transferee or assignee of such Lender. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>13.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Participations</U>. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">13.2.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Permitted Participants; Effect</U>. Any Lender may, in the Ordinary
Course of Business and in accordance with Applicable Law, at any time sell to a financial institution (&#147;<U>Participant</U>&#148;) a participating interest in the rights and obligations of such Lender under any Loan Documents. Despite any sale
by a Lender of participating interests to a Participant, such Lender&#146;s obligations under the Loan Documents shall remain unchanged, such Lender shall remain solely responsible to the other parties hereto for performance of such obligations,
such Lender shall remain the holder of its Loans and Commitments for all purposes, all amounts payable by Obligors shall be determined as if such Lender had not sold such participating interests, and Obligors and Agent shall continue to deal solely
and directly with such Lender in connection with the Loan Documents. Each Lender shall be solely responsible for notifying its Participants of any matters under the Loan Documents, and Agent and the other Lenders shall not have any obligation or
liability to any such Participant. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of <B>Section</B><B></B><B>&nbsp;5.9</B> unless Borrower Agent agrees otherwise in writing. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">13.2.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Voting Rights</U>. Each Lender shall retain the sole right to
approve, without the consent of any Participant, any amendment, waiver or other modification of any Loan Documents other than that which forgives principal, interest or fees, reduces the stated interest rate or fees payable with respect to any Loan
or Commitment in which such Participant has an interest, postpones the Canadian Revolver Commitment Termination Date (if such Participant has an interest in the Canadian Revolver Commitments), U.K.<B><U>/Dutch</U></B> Revolver Commitment Termination
Date (if such Participant has an interest in the U.K.<B><U>/Dutch</U></B> Revolver Commitments), German Revolver Commitment Termination Date (if such Participant has an interest in the German Revolver Commitments), or U.S. Revolver Commitment
Termination Date (if such Participant has an interest in the U.S. Revolver Commitments), or any date fixed for any regularly scheduled payment of principal, interest or fees on such Loan or Commitment, or releases any Borrower, Guarantor or
substantial portion of the Collateral. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">13.2.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Benefit of <FONT
STYLE="white-space:nowrap">Set-Off</FONT></U>. Obligors agree that each Participant shall have a right of <FONT STYLE="white-space:nowrap">set-off</FONT> in respect of its participating interest to the same extent as if such interest were owing
directly to a Lender, and each Lender shall also retain the right of <FONT STYLE="white-space:nowrap">set-off</FONT> with respect to any participating interests sold </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">196 </P>

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by it. By exercising any right of <FONT STYLE="white-space:nowrap">set-off,</FONT> a Participant agrees to share with Lenders all amounts received through its
<FONT STYLE="white-space:nowrap">set-off,</FONT> in accordance with <B>Section</B><B></B><B>&nbsp;12.5</B> as if such Participant were a Lender. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>13.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Assignments</U>. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">13.3.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Permitted Assignments</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A Lender may assign to an Eligible Assignee any of its rights and
obligations under the Loan Documents, as long as (i)&nbsp;each assignment is of a constant, and not a varying, percentage of the transferor Lender&#146;s rights and obligations under the Loan Documents and, in the case of a partial assignment, is in
a minimum principal amount of $10,000,000 (unless otherwise agreed by Agent in its discretion) and integral multiples of $1,000,000 in excess of that amount; (ii)&nbsp;except in the case of an assignment in whole of a Lender&#146;s rights and
obligations, the aggregate amount of the Commitments retained by the transferor Lender is at least $10,000,000 (unless otherwise agreed by Agent in its discretion); and (iii)&nbsp;the parties to each such assignment shall execute and deliver to
Agent, for its acceptance and recording, an Assignment and Acceptance. Nothing herein shall limit the right of a Lender to pledge or assign any rights under the Loan Documents to (x)&nbsp;any Federal Reserve Bank or the United States Treasury as
collateral security pursuant to Regulation A of the Board of Governors and any Operating Circular issued by such Federal Reserve Bank, or (y)&nbsp;counterparties to swap agreements relating to any Loans; <U>provided</U>, <U>however</U>, that any
payment by Obligors to the assigning Lender in respect of any Obligations assigned as described in this sentence shall satisfy Obligors&#146; obligations hereunder to the extent of such payment, and no such assignment shall release the assigning
Lender from its obligations hereunder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything
contained herein to the contrary, no assignment may be made unless after giving effect thereto: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the percentage of each U.S. Lender&#146;s U.S. Revolver
Commitment to the aggregate amount of all U.S. Revolver Commitments equals the percentage of such Lender&#146;s and such Lender&#146;s Affiliates&#146;: (1) Canadian Revolver Commitment to the aggregate amount of all Canadian Revolver Commitments,
(2)&nbsp;U.K.<B><U>/Dutch</U></B> Revolver Commitment to the aggregate amount of all U.K.<B><U>/Dutch</U></B> Revolver Commitments, and (3)&nbsp;German Revolver Commitment to the aggregate amount of all German Revolver Commitments; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the percentage of each Canadian Lender&#146;s Canadian
Revolver Commitment to the aggregate amount of all Canadian Revolver Commitments equals the percentage of such Lender&#146;s and such Lender&#146;s Affiliates&#146;: (1) U.S. Revolver Commitment to the aggregate amount of all U.S. Revolver
Commitments, (2)&nbsp;U.K.<B><U>/Dutch</U></B> Revolver Commitment to the aggregate amount of all U.K.<B><U>/Dutch</U></B> Revolver Commitments, and (3)&nbsp;German Revolver Commitment to the aggregate amount of all German Revolver Commitments; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the percentage of each German Lender&#146;s German
Revolver Commitment to the aggregate amount of all German Revolver Commitments equals the percentage of such Lender&#146;s and such Lender&#146;s Affiliates&#146;: (1) U.S. Revolver Commitment to the aggregate amount of all U.S. Revolver
Commitments, (2)&nbsp;U.K.<B><U>/Dutch</U></B> Revolver Commitment to the aggregate amount of all U.K.<B><U>/Dutch</U></B> Revolver Commitments, and (3)&nbsp;Canadian Revolver Commitment to the aggregate amount of all Canadian Revolver Commitments;
and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the percentage of each U.K.<B><U>/Dutch</U></B>
Lender&#146;s U.K.<B><U>/Dutch</U></B> Revolver Commitment to the aggregate amount of all U.K.<B><U>/Dutch</U></B> Revolver Commitments equals the percentage of such Lender&#146;s and such Lender&#146;s Affiliates&#146;: (1) U.S. Revolver Commitment
to the aggregate amount of all U.S. Revolver Commitments, (2)&nbsp;Canadian Revolver Commitment to the </P>
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aggregate amount of all Canadian Revolver Commitments, and (3)&nbsp;German Revolver Commitment to the aggregate amount of all German Revolver Commitments. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">13.3.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Effect; Effective Date</U>. Upon delivery to Agent of an assignment
notice in the form of <B>Exhibit C</B> and a processing fee of $3,500 (unless otherwise agreed by Agent in its discretion), the assignment shall become effective as specified in the notice, if it complies with this
<B>Section</B><B></B><B>&nbsp;13.3</B>. From such effective date, the Eligible Assignee shall for all purposes be a Lender under the Loan Documents, and shall have all rights and obligations of a Lender thereunder. Upon consummation of an
assignment, the transferor Lender, Agent and Borrowers shall make appropriate arrangements for issuance of replacement and/or new Notes, as applicable. The transferee Lender shall comply with <B>Section</B><B></B><B>&nbsp;5.10</B> and deliver, upon
request, an administrative questionnaire satisfactory to Agent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">13.3.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Certain Assignees</U>. No assignment or participation may be made
to an Obligor, Affiliate of an Obligor, Defaulting Lender or natural person. In connection with any assignment by a Defaulting Lender, such assignment shall be effective only upon payment by the Eligible Assignee or Defaulting Lender to Agent of an
aggregate amount sufficient, upon distribution (through direct payment, purchases of participations or other compensating actions as Agent deems appropriate), (a) to satisfy all funding and payment liabilities then owing by the Defaulting Lender
hereunder, and (b)&nbsp;to acquire its Pro Rata share of all Loans and LC Obligations. If an assignment by a Defaulting Lender shall become effective under Applicable Law for any reason without compliance with the foregoing sentence, then the
assignee shall be deemed a Defaulting Lender for all purposes until such compliance occurs. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>13.4</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Replacement of Certain Lenders</U></B><B>.</B> If a Lender
(a)&nbsp;fails to give its consent to any amendment, waiver or action for which consent of all Lenders was required and Required Lenders consented, or (b)&nbsp;is a Defaulting Lender, then, in addition to any other rights and remedies that any
Person may have, Agent or Borrower Agent may, by notice to such Lender within 120 days after such event, require such Lender to assign all of its rights and obligations under the Loan Documents to Eligible Assignee(s), pursuant to appropriate
Assignment and Acceptance(s), within 20 days after the notice. Agent is irrevocably appointed as <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorney-in-fact</FONT></FONT> to execute any such Assignment and Acceptance if the
Lender fails to execute it. Such Lender shall be entitled to receive, in cash, concurrently with such assignment, all amounts owed to it under the Loan Documents, including all principal, interest and fees through the date of assignment (but
excluding any prepayment charge). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>SECTION&nbsp;14. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MISCELLANEOUS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>14.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Consents, Amendments and Waivers</U>. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">14.1.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendment</U>. No modification of any Loan Document, including any
extension or amendment of a Loan Document or any waiver of a Default or Event of Default, shall be effective without the prior written agreement of the Required Lenders or of Agent (with the consent of Required Lenders) and each Obligor party to
such Loan Document; <U>provided</U>, <U>however</U>, that </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;without the
prior written consent of Agent, no modification shall be effective with respect to any provision in a Loan Document that relates to any rights, duties or discretion of Agent; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;without the prior written consent of each affected Issuing Bank, no
modification shall be effective with respect to any LC Obligations, <B>Section</B><B></B><B>&nbsp;2.2, Section</B><B></B><B>&nbsp;2.3</B>, <B>Section</B><B></B><B>&nbsp;2.4</B>, or any other provision in a Loan Document that relates to any rights,
duties or discretion of such affected Issuing Bank; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;without the prior
written consent of each affected Lender, including a Defaulting Lender, no modification shall be effective that would (i)&nbsp;increase the Commitment of such Lender; (ii) </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">198 </P>

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reduce the amount of, or waive or delay payment of, any principal, interest or fees payable to such Lender (except as provided in <B>Section</B><B></B><B>&nbsp;4.2</B>); (iii) extend the
Commitment of such Lender, or (iv)&nbsp;amend this clause (c); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;without the prior written consent of all Lenders (except any Defaulting
Lender), no modification shall be effective that would (i)&nbsp;extend the U.S. Revolver Commitment Termination Date, the U.K.<B><U>/Dutch</U></B> Revolver Commitment Termination Date, the Canadian Revolver Commitment Termination Date, the German
Revolver Commitment Termination Date, the Term Loan Maturity Date, or the Facility Termination Date, (ii)&nbsp;alter <B>Section</B><B></B><B>&nbsp;5.6, 7.1 </B>(except to add Collateral), <B>12.5</B> or <B>14.1.1</B>; (iii) amend the definition of
Pro Rata, Supermajority Lenders, or Required Lenders; (iv)&nbsp;increase any advance rate; (v)&nbsp;release Collateral with a book value greater than $5,000,000 during any calendar year, except as currently contemplated by the Loan Documents; or
(vi)&nbsp;release any Obligor from liability for any Obligations; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;without the prior written consent of the Supermajority Lenders, no
modification shall be effective that would amend (i)&nbsp;the definition of U.S. Borrowing Base (or any defined term used in such definition, including any defined term used therein) to the extent that any such amendment results in more credit being
made available to U.S. Borrowers, (ii)&nbsp;the Canadian Borrowing Base (or any defined term used in such definition, including any defined term used therein) to the extent that any such amendment results in more credit being made available to the
Canadian Borrower, (iii)&nbsp;the German Borrowing Base (or any defined term used in such definition, including any defined term used therein) to the extent that any such amendment results in more credit being made available to the German Borrower,
or (iv)&nbsp;the U.K.<B><U>/Dutch</U></B> Borrowing Base (or any defined term used in such definition, including any defined term used therein) to the extent that any such amendment results in more credit being made available to the U.K.<B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;Borrower</STRIKE></FONT></B><B><U>/Dutch Borrowers</U></B>; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;without the prior written consent of a Secured Bank Product Provider, no
modification shall be effective that affects its relative payment priority under <B>Section</B><B></B><B>&nbsp;5.6</B>; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;without the prior written consent of all Lenders, (i)&nbsp;the Obligations
shall not be subordinated to any other obligations, and (ii)&nbsp;Agent shall not agree to subordinate its Liens in the Collateral to any other Liens except to the extent contemplated by <B>Section</B><B></B><B>&nbsp;12.2.1</B>; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;without the prior written consent of all: (i)&nbsp;U.S. Lenders, amend the
definition of U.S. Required Lenders, (ii)&nbsp;Canadian Lenders, amend the definition of Canadian Required Lenders, (iii)&nbsp;U.K.<B><U>/Dutch</U></B> Lenders, amend the definition of U.K.<B><U>/Dutch</U></B> Required Lenders, <B><U>and
</U></B>(iv)&nbsp;German Lenders, amend the definition of German Required Lenders<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>, and
(v)</STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>&nbsp;U.S. Lenders having Term Loan Commitments, amend the
definition of U.S. Required Term Lenders</STRIKE></FONT></B>; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if
Real Estate secures any Obligations, no modification of a Loan Document shall add, increase, renew or extend any credit line hereunder until the completion of flood diligence and documentation as required by all Flood Laws. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">14.1.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Limitations</U>. The agreement of Obligors shall not be necessary
to the effectiveness of any modification of a Loan Document that deals solely with the rights and duties of Lenders, Agent and/or Issuing Banks as among themselves. Only the consent of the parties to the Fee Letters or any agreement relating to a
Bank Product shall be required for any modification of such agreement, and any <FONT STYLE="white-space:nowrap">non-Lender</FONT> that is party to a Bank Product agreement shall have no right to participate in any manner in modification of any other
Loan Document. Any waiver or consent granted by Agent or Lenders hereunder shall be effective only if in writing and only for the matter specified. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">199 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">14.1.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Payment for
Consents</U>. No Obligor will, directly or indirectly, pay any remuneration or other thing of value, whether by way of additional interest, fee or otherwise, to any Lender (in its capacity as a Lender hereunder) as consideration for agreement by
such Lender with any modification of any Loan Documents, unless such remuneration or value is concurrently paid, on the same terms, on a Pro Rata basis to all Lenders providing their consent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>14.2</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Indemnity</U></B><B>.</B> <B>EACH OBLIGOR SHALL INDEMNIFY AND
HOLD HARMLESS THE INDEMNITEES AGAINST ANY CLAIMS THAT MAY BE INCURRED BY OR ASSERTED AGAINST ANY INDEMNITEE, INCLUDING CLAIMS ASSERTED BY ANY OBLIGOR OR OTHER PERSON OR ARISING FROM THE NEGLIGENCE OF AN INDEMNITEE.</B> In no event shall any party to
a Loan Document have any obligation thereunder to indemnify or hold harmless an Indemnitee with respect to a Claim that is determined in a final, <FONT STYLE="white-space:nowrap">non-appealable</FONT> judgment by a court of competent jurisdiction to
result from the gross negligence or willful misconduct of such Indemnitee. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>14.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notices and Communications</U>. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">14.3.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notice Address</U>. Subject to
<B>Section</B><B></B><B>&nbsp;4.1.4</B>, all notices and other communications by or to a party hereto shall be in writing and shall be given to any Obligor, at Borrower Agent&#146;s address shown on the signature pages hereof, and to any other
Person at its address shown on the signature pages hereof (or, in the case of a Person who becomes a Lender after the Closing Date, at the address shown on its Assignment and Acceptance), or at such other address as a party may hereafter specify by
notice in accordance with this <B>Section</B><B></B><B>&nbsp;14.3</B>. Each such notice or other communication shall be effective only (a)&nbsp;if given by facsimile transmission, when transmitted to the applicable facsimile number, if confirmation
of receipt is received; (b)&nbsp;if given by mail, three Business Days after deposit in the mail, with first-class postage <FONT STYLE="white-space:nowrap">pre-paid,</FONT> addressed to the applicable address; or (c)&nbsp;if given by personal
delivery, when duly delivered to the notice address with receipt acknowledged. Notwithstanding the foregoing, no notice to Agent pursuant to <B>Section</B><B></B><B>&nbsp;2.1.4, 2.2, 2.3, 2.4, 3.1.2, </B>or <B>4.1.1 </B>shall be effective until
actually received by the individual to whose attention at Agent such notice is required to be sent. Any written notice or other communication that is not sent in conformity with the foregoing provisions shall nevertheless be effective on the date
actually received by the noticed party. Any notice received by Borrower Agent shall be deemed received by all Obligors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">14.3.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Electronic Communications; Voice Mail. Electronic mail and internet
websites may be used only for routine communications, such as financial statements, Borrowing Base Certificates and other information required by Section&nbsp;10.1.2, administrative matters, distribution of Loan Documents, and matters permitted
under Section&nbsp;4.1.4. Agent and Lenders make no assurances as to the privacy and security of electronic communications. Electronic and voice mail may not be used as effective notice under the Loan Documents. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">14.3.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U><FONT STYLE="white-space:nowrap">Non-Conforming</FONT>
Communications</U>. Agent and Lenders may rely upon any notices purportedly given by or on behalf of any Obligor even if such notices were not made in a manner specified herein, were incomplete or were not confirmed, or if the terms thereof, as
understood by the recipient, varied from a later confirmation. Each Obligor shall indemnify and hold harmless each Indemnitee from any liabilities, losses, costs and expenses arising from any telephonic communication purportedly given by or on
behalf of an Obligor. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>14.4</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Performance of
Obligors</U></B><B><U>&#146;</U></B><B><U> Obligations</U></B><B>.</B> Agent may, in its discretion at any time and from time to time, at the applicable Borrowers&#146; expense, pay any amount or do any act required of an Obligor under any Loan
Documents or otherwise lawfully requested by Agent to (a)&nbsp;enforce any Loan Documents or collect any Obligations; (b)&nbsp;protect, insure, maintain or realize upon any Collateral; or (c)&nbsp;defend or maintain the validity or priority of
Agent&#146;s Liens in any Collateral, including any payment of a judgment, </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">200 </P>

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insurance premium, warehouse charge, finishing or processing charge, or landlord claim, or any discharge of a Lien. All payments, costs and expenses (including Extraordinary Expenses) of Agent
under this Section shall be reimbursed to Agent by Borrowers, <B>on demand</B>, with interest from the date incurred to the date of payment thereof at the Default Rate applicable to U.S. Base Rate Revolver Loans. Any payment made or action taken by
Agent under this Section shall be without prejudice to any right to assert an Event of Default or to exercise any other rights or remedies under the Loan Documents. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>14.5</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Credit Inquiries</U></B><B>.</B> Each Obligor hereby
authorizes Agent and Lenders (but they shall have no obligation) to respond to usual and customary credit inquiries from third parties concerning any Obligor or Subsidiary. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>14.6</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Severability</U></B><B>.</B> Wherever possible, each
provision of the Loan Documents shall be interpreted in such manner as to be valid under Applicable Law. If any provision is found to be invalid under Applicable Law, it shall be ineffective only to the extent of such invalidity and the remaining
provisions of the Loan Documents shall remain in full force and effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>14.7</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Cumulative Effect; Conflict of Terms</U></B><B>.</B> The
provisions of the Loan Documents are cumulative. The parties acknowledge that the Loan Documents may use several limitations, tests or measurements to regulate similar matters, and they agree that these are cumulative and that each must be performed
as provided. Except as otherwise provided in another Loan Document (by specific reference to the applicable provision of this Agreement), if any provision contained herein is in direct conflict with any provision in another Loan Document, the
provision herein shall govern and control. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>14.8</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT
STYLE="font-family:Times New Roman"><strike><u>Counterparts</u></strike></FONT></B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>. Any Loan Document may be executed in counterparts, each of which shall constitute an original,
but all of which when taken together shall constitute a single contract. This Agreement shall become effective when Agent has received counterparts bearing the signatures of all parties hereto. Delivery of a signature page of any Loan Document by
telecopy or other electronic means shall be effective as delivery of a manually executed counterpart of such agreement</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><U>Execution; Electronic Records.
</U></B><B><U>Any Loan Document, including any required to be in writing, may (if agreed by Agent) be in the form of an Electronic Record and may (if agreed by Agent) be executed using Electronic Signatures. An Electronic Signature on or associated
with any Communication shall be valid and binding on each Obligor and other party thereto to the same extent as a manual, original signature, and any Communication entered into by Electronic Signature shall constitute the legal, valid and binding
obligation of each party, enforceable to the same extent as if a manually executed original signature were delivered.</U></B><B><U> A Communication may be executed in as many counterparts as necessary or convenient, including both paper and
electronic counterparts, but all such counterparts are one and the same Communication. The parties may use or accept manually signed paper Communications converted into electronic form (such as scanned into pdf), or electronically signed
Communications converted into other formats, for transmission, delivery and/or retention. Agent and Lenders may, at their option, create one or more copies of a Communication in the form of an imaged Electronic Record (&#147;Electronic Copy&#148;),
which shall be deemed created in the ordinary course of the Person&#146;s business, and may destroy the original paper document. Any Communication in the form or format of an Electronic Record, including an Electronic Copy, shall be considered an
original for all purposes, and shall have the same legal effect, validity and enforceability as a paper record. Notwithstanding anything herein, (a)</U></B><B><U></U></B><B><U>&nbsp;Agent is under no obligation to accept an Electronic Signature in
any form unless expressly agreed by it pursuant to procedures approved by it; (b)</U></B><B><U></U></B><B><U>&nbsp;each Secured Party shall be entitled to rely on any Electronic Signature purportedly given by or on behalf of an Obligor without
further verification and regardless of the appearance or form of such Electronic </U></B> </FONT></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">201 </P>

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<B><U>Signature; and (c)</U></B><B><U></U></B><B><U>&nbsp;upon request by Agent, any Loan Document using an Electronic Signature shall be promptly followed by a manually executed, original
counterpart</U></B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>14.9</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Entire Agreement</U></B><B>.</B>
Time is of the essence of the Loan Documents. The Loan Documents 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. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>14.10</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Relationship with
Lenders</U></B><B>.</B> The obligations of each Lender hereunder are several, and no Lender shall be responsible for the obligations or Commitments of any other Lender. Amounts payable hereunder to each Lender shall be a separate and independent
debt. It shall not be necessary for Agent or any other Lender to be joined as an additional party in any proceeding for such purposes. Nothing in this Agreement and no action of Agent, Lenders or any other Secured Party pursuant to the Loan
Documents or otherwise shall be deemed to constitute Agent and any Secured Party to be a partnership, association, joint venture or any other kind of entity, nor to constitute control of any Obligor. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>14.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Lender Loss Sharing Agreement</U>. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Definitions</U>. As used in this
<B>Section</B><B></B><B>&nbsp;14.11</B>, the following terms shall have the following meanings: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>CAM</U>: the mechanism for the allocation and exchange
of interests in the Loans, participations in Letters of Credit and collections thereunder established under <B>Section</B><B></B><B>&nbsp;14.11(b)</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>CAM Exchange</U>: the exchange of the U.S.
Lenders&#146; interests, the U.K.<B><U>/Dutch</U></B> Lenders&#146; interests, the German Lenders&#146; interests and the Canadian Lenders&#146; interests provided for in <B>Section</B><B></B><B>&nbsp;14.11(b)</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>CAM Exchange Date</U>: the first date after the
Closing Date on which there shall occur (a)&nbsp;any event described in <B>Section</B><B></B><B>&nbsp;11.1(j)</B> with respect to any Borrower, or (b)&nbsp;an acceleration of Loans and termination of the Commitments pursuant to
<B>Section</B><B></B><B>&nbsp;11.2</B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>CAM
Percentage</U>: as to each Lender, a fraction, (a)&nbsp;the numerator of which shall be the aggregate amount of such Lender&#146;s Revolver Commitments immediately prior to the CAM Exchange Date and the termination of the Revolver Commitments, and
(b)&nbsp;the denominator of which shall be the amount of the Revolver Commitments of all the Lenders immediately prior to the CAM Exchange Date and the termination of the Revolver Commitments. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Designated Obligations</U>: all Obligations of the
Borrowers with respect to (a)&nbsp;principal and interest under the U.S. Revolver Loans, U.K.<B><U>/Dutch</U></B> Revolver Loans, Canadian Revolver Loans, German Revolver Loans, Overadvance Loans and Protective Advances, (b)&nbsp;unreimbursed
drawings under Letters of Credit and interest thereon, and (c)&nbsp;fees under <B>Sections 3.2.1, 3.2.2(a), 3.2.3(a), </B>and<B> 3.2.4(a).</B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Revolver Facilities</U>: the facility established
under the U.S. Revolver Commitments, the U.K.<B><U>/Dutch</U></B> Revolver Commitments, the German Revolver Commitments, and the Canadian Revolver Commitments, and <U>Revolver Facility</U> means any one of such Revolver Facilities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>CAM Exchange</U>. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:7%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On the
CAM Exchange Date, </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:16%; text-indent:18%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the U.S. Revolver Commitments,
the U.K.<B><U>/Dutch</U></B> Revolver Commitments, the German Revolver Commitments, and the Canadian Revolver Commitments shall have terminated in accordance with <B>Section</B><B></B><B>&nbsp;11.2</B>, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:16%; text-indent:18%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;each U.S. Lender shall fund its participation in any
outstanding Protective Advances in accordance with <B>Section</B><B></B><B>&nbsp;2.1.6</B>, each U.K.<B><U>/Dutch</U></B> Lender shall fund its participation in any outstanding Protective Advances in accordance with
<B>Section</B><B></B><B>&nbsp;2.1.6</B>, each German Lender shall fund its participation in any outstanding Protective Advances in accordance with <B>Section</B><B></B><B>&nbsp;2.1.6</B>, and each Canadian Lender shall fund its participation in any
outstanding Protective Advances in accordance with <B>Section</B><B></B><B>&nbsp;2.1.6</B>, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:16%; text-indent:18%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;each U.S. Lender shall fund its participation in any
unreimbursed drawings made under the applicable Letters of Credit pursuant to <B>Section</B><B></B><B>&nbsp;2.3.2(b)</B>, each Canadian Lender shall fund its participation in any unreimbursed drawings made under the applicable Letters of Credit
pursuant to <B>Section</B><B></B><B>&nbsp;2.4.2(b)</B>, each German Lender shall fund its participation in any unreimbursed drawings made under the applicable Letters of Credit pursuant to <B>Section</B><B></B><B>&nbsp;2.5.2(b)</B>, and each
U.K.<B><U>/Dutch</U></B> Lender shall fund its participation in any unreimbursed drawings made under the applicable Letters of Credit pursuant to <B>Section</B><B></B><B>&nbsp;2.2.2(b),</B> and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:16%; text-indent:18%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(D)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Lenders shall purchase at par interests (in Dollars)
in the Designated Obligations under each Revolver Facility (and shall make payments to Agent for reallocation to other Lenders to the extent necessary to give effect to such purchases) and shall assume the obligations to reimburse the applicable
Issuing Bank for unreimbursed drawings under outstanding Letters of Credit under such Revolver Facility such that, in lieu of the interests of each Lender in the Designated Obligations under the U.S. Revolver Commitments, the
U.K.<B><U>/Dutch</U></B> Revolver Commitments, the German Revolver Commitments, and the Canadian Revolver Commitments in which it shall participate immediately prior to the CAM Exchange Date, such Lender shall own an interest equal to such
Lender&#146;s CAM Percentage in each component of the Designated Obligations immediately following the CAM Exchange. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Lender and each Person acquiring a participation
from any Lender as contemplated by <B>Section</B><B></B><B>&nbsp;13.2</B> hereby consents and agrees to the CAM Exchange. Each Borrower agrees from time to time to execute and deliver to Lenders all such promissory notes and other instruments and
documents as Agent shall reasonably request to evidence and confirm the respective interests and obligations of Lenders after giving effect to the CAM Exchange, and each Lender agrees to surrender any promissory notes originally received by it in
connection with its Loans under this Agreement to Agent against delivery of any promissory notes so executed and delivered; <U>provided</U> that the failure of any Lender to deliver or accept any such promissory note, instrument or document shall
not affect the validity or effectiveness of the CAM Exchange. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As a result of the CAM Exchange, from and after the CAM
Exchange Date, each payment received by Agent pursuant to any Loan Document in respect of any of the Designated Obligations shall be distributed to Lenders, pro rata in accordance with their respective CAM Percentages. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the
event that on or after the CAM Exchange Date, the aggregate amount of the Designated Obligations shall change as a result of the making of a disbursement under a Letter of Credit by any Issuing Bank that is not reimbursed by the applicable
Borrowers, then each Lender shall promptly reimburse such Issuing Bank for its CAM Percentage of such unreimbursed payment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding any other provision of this
<B>Section</B><B></B><B>&nbsp;14.11</B>, Agent and each Lender agree that if Agent or a Lender is required under Applicable Law to withhold or deduct any taxes or other amounts from payments made by it hereunder or as a result hereof, such Person
shall be entitled to withhold or deduct such amounts and pay over such taxes or other amounts to the applicable Governmental Authority imposing such tax without any obligation to indemnify Agent or any Lender with respect to such amounts and without
any other obligation of gross up or offset with respect thereto and there shall be no recourse whatsoever by Agent or any Lender subject to such withholding to Agent or any other Lender making such withholding and paying over such amounts, but
without diminution of the rights of Agent or such Lender subject to such withholding as against Borrowers and the other Obligors to the extent (if any) provided in this Agreement and the other Loan Documents. Any amounts so withheld or deducted
shall be treated as, for the purpose of this <B>Section</B><B></B><B>&nbsp;14.11</B>, having been paid to Agent or such Lender with respect to which such withholding or deduction was made. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>14.12</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>No Advisory or Fiduciary Responsibility</U></B><B>.</B> In
connection with all aspects of each transaction contemplated by any Loan Document, Obligors acknowledge and agree that (a)(i) this credit facility and any related arranging or other services by Agent, any Lender, any of their Affiliates or any
arranger are <FONT STYLE="white-space:nowrap">arm&#146;s-length</FONT> commercial transactions between Obligors and such Person; (ii)&nbsp;Obligors have consulted their own legal, accounting, regulatory and tax advisors to the extent they have
deemed appropriate; and (iii)&nbsp;Obligors are capable of evaluating, and understand and accept, the terms, risks and conditions of the transactions contemplated by the Loan Documents; (b)&nbsp;each of Agent, Lenders, their Affiliates and any
arranger 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 Obligors, any of their Affiliates or any
other Person, and has no obligation with respect to the transactions contemplated by the Loan Documents except as expressly set forth therein; and (c)&nbsp;Agent, Lenders, their Affiliates and any arranger may be engaged in a broad range of
transactions that involve interests that differ from those of Obligors and their Affiliates, and have no obligation to disclose any of such interests to Obligors or their Affiliates. To the fullest extent permitted by Applicable Law, each Obligor
hereby waives and releases any claims that it may have against Agent, Lenders, their Affiliates and any arranger with respect to any breach of agency or fiduciary duty in connection with any transaction contemplated by a Loan Document. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>14.13</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Confidentiality</U></B><B>.</B> Each of Agent, Lenders and
Issuing Banks shall maintain the confidentiality of all Information (as defined below), except that Information may be disclosed (a)&nbsp;to its Affiliates, and to its and their partners, directors, officers, employees, agents, advisors and
representatives (provided such Persons are informed of the confidential nature of the Information and instructed to keep it confidential); (b) to the extent requested by any governmental, regulatory or self-regulatory authority purporting to have
jurisdiction over it or its Affiliates; (c)&nbsp;to the extent required by Applicable Law or by any subpoena or other legal process<B><U>, including the disclosure of any Information or other matter to the extent that preventing that disclosure
would otherwise cause any transaction contemplated by the Loan Documents or any transaction carried out in connection with any transaction contemplated by the Loan Documents to become an arrangement described in Part II A 1 of Annex IV of Directive
2011/16/EU</U></B>; (d)&nbsp;to any other party hereto; (e)&nbsp;in connection with any action or proceeding, or other exercise of rights or remedies, relating to any Loan Documents or Obligations; (f)&nbsp;subject to an agreement containing
provisions substantially the same as this Section, to any Transferee or any actual or prospective party (or its advisors) to any Bank Product; (g)&nbsp;with the consent of Borrower Agent; or (h)&nbsp;to the extent such
</P>
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Information (i)&nbsp;becomes publicly available other than as a result of a breach of this Section or (ii)&nbsp;is available to Agent, any Lender, any Issuing Bank or any of their Affiliates on a
nonconfidential basis from a source other than Obligors. Notwithstanding the foregoing, Agent and Lenders may publish or disseminate general information describing this credit facility, including the names and addresses of Obligors and a general
description of Obligors&#146; businesses, and may use Obligors&#146; logos, trademarks or product photographs in advertising materials. As used herein, &#147;<U>Information</U>&#148; means all information received from an Obligor, Subsidiary or
Excluded Subsidiary relating to it or its business that is identified as confidential when delivered. Any Person required to maintain the confidentiality of Information pursuant to this Section shall be deemed to have complied if it exercises the
same degree of care that it accords its own confidential information. Each of Agent, Lenders and Issuing Banks acknowledges that (i)&nbsp;Information may include material <FONT STYLE="white-space:nowrap">non-public</FONT> information concerning an
Obligor, Subsidiary or Excluded Subsidiary; (ii)&nbsp;it has developed compliance procedures regarding the use of material <FONT STYLE="white-space:nowrap">non-public</FONT> information; and (iii)&nbsp;it will handle such material <FONT
STYLE="white-space:nowrap">non-public</FONT> information in accordance with Applicable Law, including federal, state, provincial and territorial securities laws. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>14.14&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>GOVERNING LAW</U>. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS,
UNLESS OTHERWISE SPECIFIED, SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ANY CONFLICT OF LAW PRINCIPLES (BUT GIVING EFFECT TO SECTION <FONT STYLE="white-space:nowrap">5-1401</FONT> OF THE NEW YORK GENERAL
OBLIGATION LAW AND FEDERAL LAWS RELATING TO NATIONAL BANKS). </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>14.15&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Consent to Forum</U></B><B><I><U>; </U></I></B><B><U>Judicial
Reference; <FONT STYLE="white-space:nowrap">Bail-In</FONT> of Affected Financial Institutions</U>. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">14.15.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Forum</U>. <B>EACH OBLIGOR HEREBY CONSENTS TO THE <FONT
STYLE="white-space:nowrap">NON-EXCLUSIVE</FONT> JURISDICTION OF ANY FEDERAL OR STATE COURT SITTING IN OR WITH JURISDICTION OVER NEW YORK, NEW YORK, IN ANY PROCEEDING OR DISPUTE RELATING IN ANY WAY TO ANY LOAN DOCUMENTS, AND AGREES THAT ANY SUCH
PROCEEDING SHALL BE BROUGHT BY IT SOLELY IN ANY SUCH COURT. EACH OBLIGOR IRREVOCABLY WAIVES ALL CLAIMS, OBJECTIONS AND DEFENSES THAT IT MAY HAVE REGARDING SUCH COURT</B><B>&#146;</B><B>S PERSONAL OR SUBJECT MATTER JURISDICTION, VENUE OR INCONVENIENT
FORUM. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 14.3.1.</B> Nothing herein shall limit the right of Agent or any Lender to bring proceedings against any Obligor in any other court,
nor limit the right of any party to serve process in any other manner permitted by Applicable Law. Nothing in this Agreement shall be deemed to preclude enforcement by Agent of any judgment or order obtained in any forum or jurisdiction. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">14.15.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Judicial Reference</U>. If any controversy or claim among the
parties relating in any way to any Obligations or Loan Documents, including any alleged tort, shall be pending before any court sitting in or with jurisdiction over California or applying California law, then at the request of any party such
proceeding shall be referred by the court to a referee (who shall be an active or retired judge) to hear and determine all issues in such proceeding (whether of fact or law) and to report a statement of decision for adoption by the court. Nothing in
this Section shall limit any right of Agent or any other Secured Party to exercise self-help remedies, such as setoff, foreclosure or sale of any Collateral, or to obtain provisional or ancillary remedies from a court of competent jurisdiction
before, during or after any judicial reference. The exercise of a remedy does not waive the right of any party to resort to judicial reference. At Agent&#146;s option, foreclosure under a mortgage or deed of trust may be accomplished either by
exercise of power of sale thereunder or by judicial foreclosure. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">14.15.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Acknowledgement and Consent to
<FONT STYLE="white-space:nowrap">Bail-In</FONT> of Affected Financial Institutions</U>. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement </P>
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or understanding among the parties, each party hereto (including each Secured Party) acknowledges that, with respect to any Secured Party that is an Affected Financial Institution, any unsecured
liability of such Secured Party arising under a Loan Document may be subject to the write-down and conversion powers of the applicable Resolution Authority, and each party hereto agrees and consents to, and acknowledges and agrees to be bound by,
(a)&nbsp;the application of any Write-Down and Conversion Powers by an the applicable Resolution Authority to any such liability which may be payable to it by such Secured Party; and (b)&nbsp;the effects of any
<FONT STYLE="white-space:nowrap">Bail-in</FONT> Action on any such liability, including (i)&nbsp;a reduction in full or in part or cancellation of any such liability; (ii)&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, or a bridge institution that may be issued to the party 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 any Loan Document; or (iii)&nbsp;the variation of the terms of such liability in connection with the exercise of any Write-Down and Conversion Powers. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>14.16</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Waivers by Obligors</U></B><B>. To the fullest extent
permitted by Applicable Law, each Obligor waives (a)</B><B></B><B>&nbsp;the right to trial by jury (which Agent and each Lender hereby also waives) in any proceeding or dispute of any kind relating in any way to any Loan Documents, Obligations or
Collateral; (b)</B><B></B><B>&nbsp;presentment, demand, protest, notice of presentment, default, <FONT STYLE="white-space:nowrap">non-payment,</FONT> maturity, release, compromise, settlement, extension or renewal of any commercial paper, accounts,
documents, instruments, chattel paper and guaranties at any time held by Agent on which an Obligor may in any way be liable, and hereby ratifies anything Agent may do in this regard; (c)</B><B></B><B>&nbsp;notice prior to taking possession or
control of any Collateral; (d)</B><B></B><B>&nbsp;any bond or security that might be required by a court prior to allowing Agent to exercise any rights or remedies; (e)</B><B></B><B>&nbsp;the benefit of all valuation, appraisement and exemption
laws; (f)</B><B></B><B>&nbsp;any claim against Agent, any Issuing Bank or any Lender, on any theory of liability, for special, indirect, consequential, exemplary or punitive damages (as opposed to direct or actual damages) in any way relating to any
Enforcement Action, Obligations, Loan Documents or transactions relating thereto; and (g)</B><B></B><B>&nbsp;notice of acceptance hereof.</B> Each Obligor acknowledges that the foregoing waivers are a material inducement to Agent, Issuing Banks and
Lenders entering into this Agreement and that they are relying upon the foregoing in their dealings with Obligors. Each Obligor has reviewed the foregoing waivers with its legal counsel and has knowingly and voluntarily waived its jury trial and
other rights following consultation with legal counsel. In the event of litigation, this Agreement may be filed as a written consent to a trial by the court. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>14.17</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Patriot Act and AML Legislation Notice</U></B><B>.</B> Agent
and Lenders hereby notify Obligors that pursuant to the requirements of the Patriot Act, the Proceeds of Crime Act and other applicable anti-money laundering, anti-terrorist financing, government sanction and &#147;know your client&#148; policies,
regulations, laws or rules (the Proceeds of Crime Act and such other applicable policies, regulations, laws or rules, collectively, including any guidelines or orders thereunder, &#147;<U>AML Legislation</U>&#148;), Agent and Lenders are required to
obtain, verify and record information that identifies each Obligor, including its legal name, address, tax ID number and other information that will allow Agent and Lenders to identify it in accordance with the Patriot Act and the AML Legislation.
Agent and Lenders will also require information regarding each personal guarantor, if any, and may require information regarding Obligors&#146; management and owners, such as legal name, address, social security number and date of birth. Each
Obligor shall promptly provide all such information, including supporting documentation and other evidence, as may be reasonably requested by Agent, Issuing Bank, any Lender or any prospective assignee or participant of a Lender, in order to comply
with any &#147;know your customer,&#148; <FONT STYLE="white-space:nowrap">anti-money</FONT> laundering rules and regulations, or other requirements of Applicable Law, including the Patriot Act, the Beneficial Ownership Regulation and/or the
applicable AML Legislation, whether now or hereafter in existence. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>14.18</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Canadian Anti-Money Laundering Legislation</U></B><B>.
</B>If the Agent has ascertained the identity of any Canadian Facility Obligor or any authorized signatories of any Canadian Facility Obligor for the </P>
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purposes of applicable AML Legislation, then the Agent: (a)&nbsp;shall be deemed to have done so as an agent for each Canadian Lender, and this Agreement shall constitute a &#147;written
agreement&#148; in such regard between each Canadian Lender and the Agent within the meaning of the applicable AML Legislation; and (b)&nbsp;shall provide to each Canadian Lender copies of all information obtained in such regard without any
representation or warranty as to its accuracy or completeness. Notwithstanding the preceding sentence and except as may otherwise be agreed in writing, each of the Canadian Lenders agrees that Agent has no obligation to ascertain the identity of the
Canadian Facility Obligors or any authorized signatories of the Canadian Facility Obligors on behalf of any Canadian Lender, or to confirm the completeness or accuracy of any information it obtains from any Canadian Facility Obligor or any such
authorized signatory in doing so. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>14.19&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Parallel Debt
Undertaking</U>. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">14.19.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The parallel debt undertaking created
hereunder (&#147;<U>Parallel Debt Undertaking</U>&#148;<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>)
(</STRIKE></FONT></B><B><I></I></B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>abstraktes</STRIKE></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt"><B><I></I></B><B><FONT
STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE></STRIKE></FONT></B><B><I></I></B></FONT><FONT STYLE="font-family:Times New Roman; font-size:12pt"><B><STRIKE>&nbsp;Schuldanerkenntnis</STRIKE></B></FONT><FONT
STYLE="font-family:Times New Roman; font-size:11pt"><B><I></I></B>) is constituted in order to secure the prompt and complete satisfaction of any of the respective German
<B><FONT STYLE="font-family:Times New Roman; font-size:12pt"><STRIKE>Borrower</STRIKE></FONT></B><B><U>Domiciled Obligor</U></B>&#146;s German<B><U> Facility Obligations and/or the Dutch Domiciled Obligor</U></B><B><U>&#146;</U></B><B><U>s
U.K./Dutch</U></B><U> </U>Facility Obligations. The Parallel Debt Undertaking shall also cover any future extension, prolongation, increase or novation of the German Facility Obligations<B><U> and the U.K./Dutch Facility Obligations</U></B>.
</FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">14.19.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For the purposes of taking and ensuring the continuing
validity of security under those security documents subject to the laws of (or to the extent affecting assets situated in) Germany<B><U>, the Netherlands</U></B> and such other jurisdictions as the Secured Parties and the Obligors (each acting
reasonably) agree, notwithstanding any contrary provision in this Agreement: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;each Obligor undertakes (such undertakings, the &#147;<U>Parallel
Obligations</U>&#148;) to pay to the Agent amounts equal to all present and future amounts owing by it to the Secured Parties under the Loan Documents (&#147;<U>Original Obligations</U>&#148;); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Agent shall have its own independent right to demand and receive
payment under the Parallel Obligations; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Parallel Obligations
shall, subject to clause (d)&nbsp;below, not limit or affect the existence of the Original Obligations for which the Secured Parties shall have an independent right to demand payment; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;notwithstanding clauses (b)&nbsp;and (c) above, payment by the Obligor of
its Parallel Obligations shall to the same extent decrease and be a good discharge of the corresponding Original Obligations owing to the relevant Secured Parties and payment by an Obligor of its Original Obligations to the relevant Secured Parties
shall to the same extent decrease and be a good discharge of the Parallel Obligations owing by it to the Agent; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Parallel Obligations are owed to the Agent in its own name on behalf
of itself and not as agent or representative of any other person nor as trustee; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;without limiting or affecting the Agent&#146;s right to protect, preserve
or enforce its rights under any Loan Document, the Agent undertakes to each of the Secured Parties not to exercise its rights in respect of the Parallel Obligations without the consent of the relevant Secured Parties; and </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Agent shall
distribute any amount so received to the Secured Parties in accordance with the terms of this Agreement as if such amounts had been received in respect of the Original Obligations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">14.19.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon complete and irrevocable satisfaction of the German<B><U>
Facility Obligations and the U.K./Dutch</U></B> Facility Obligations, the Agent shall without undue delay at the cost and expense of the Obligors release the Parallel Debt Undertaking. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>14.20</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Reinstatement</U></B>. This Agreement shall remain in full
force and effect and continue to be effective should any petition be filed by or against any Obligor for liquidation or reorganization, should any Obligor become insolvent or make an assignment for the benefit of creditors or should a receiver or
trustee be appointed for all or any significant part of such Obligor&#146;s assets, and shall continue to be effective or be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant
to Applicable Law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a &#147;voidable preference&#148;, &#147;fraudulent conveyance&#148; or otherwise, all as though such payment
or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced,
restored or returned. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>14.21&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Nonliability of Lenders</U></B>. Neither
the Agent, any Issuing Bank nor any Lender undertakes any responsibility to any Obligor to review or inform any Obligor of any matter in connection with any phase of any Obligor&#146;s business or operations. Each Obligor agrees, on behalf of itself
and each other Obligor, that neither the Agent, any Issuing Bank nor any Lender shall have liability to any Obligor (whether sounding in tort, contract or otherwise) for losses suffered by any Obligor in connection with, arising out of or in any way
related to any of the transactions contemplated and the relationship established by the Loan Documents, or any act, omission or event occurring in connection therewith, unless it is determined in a final,
<FONT STYLE="white-space:nowrap">non-appealable</FONT> judgment by a court of competent jurisdiction that such losses resulted from the gross negligence or willful misconduct of the party from which recovery is sought or a breach of obligations
under this Agreement by the party from which recovery is sought. <B>NEITHER THE AGENT NOR ANY LENDER SHALL BE LIABLE FOR ANY DAMAGES ARISING FROM THE USE BY OTHERS OF ANY INFORMATION OR OTHER MATERIALS OBTAINED THROUGH INTRALINKS OR OTHER SIMILAR
INFORMATION TRANSMISSION SYSTEMS IN CONNECTION WITH THIS AGREEMENT.</B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>14.22</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Know Your Customer</U></B>.<B> </B>Nothing in this Agreement
shall oblige the Agent to carry out any <B>&#147;</B><B>know your customer</B><B>&#148;</B> or other checks in relation to any person on behalf of any Lender and each Lender confirms to the Agent that it is solely responsible for any such checks it
is required to carry out and that it may not rely on any statement in relation to such checks made by the Agent.<B><U> </U></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>14.23&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendment and Restatement</U>. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">14.23.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Agreement amends and restates in its entirety the Third Amended
and Restated Loan Agreement and, upon the effectiveness of this Agreement, the terms and provisions of the Third Amended and Restated Loan Agreement shall, subject to <B>Section</B><B></B><B>&nbsp;14.23.3</B>, be superseded hereby. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">14.23.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding the amendment and restatement of the Third Amended
and Restated Loan Agreement by this Agreement, all of the Obligations under the Third Amended and Restated Loan Agreement which remain outstanding as of the date hereof, shall constitute Obligations owing hereunder. This Agreement is given in
substitution for the Third Amended and Restated Loan Agreement, and not as payment of the Obligations of the Borrowers thereunder, and is in no way intended to constitute a novation of the Third Amended and Restated Loan Agreement. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">14.23.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon the
effectiveness of this Agreement, unless the context otherwise requires, each reference to the Third Amended and Restated Loan Agreement in any of the Loan Documents and in each document, instrument or agreement executed and/or delivered in
connection therewith shall mean and be a reference to this Agreement. Except as expressly modified as of the Closing Date, all of the other Loan Documents shall remain in full force and effect and are hereby ratified and confirmed. Without limiting
the generality of the foregoing, all security interests, pledges, assignments and other Liens and Guarantees previously granted by any Obligor pursuant to the Loan Documents executed and delivered in connection with the Original Loan Agreement, the
Original Amended and Restated Loan Agreement, the Second Amended and Restated Loan Agreement or the Third Amended and Restated Loan Agreement are hereby reaffirmed, ratified, renewed and continued, and all such security interests, pledges,
assignments and other Liens and Guarantees shall remain in full force and effect as security for the Obligations on and after the Closing Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>14.24</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Intercreditor Agreement</U></B>. Notwithstanding anything
herein to the contrary, the priority of the Lien and security interest granted to the Agent pursuant to any Loan Document and the exercise of any right or remedy in respect of the Collateral by the Agent (or any Secured Party) hereunder or under any
other Loan Document are subject to the provisions of the Intercreditor Agreement and in the event of any conflict between the terms of the Intercreditor Agreement and any Loan Document, the terms of the Intercreditor Agreement shall govern and
control. Notwithstanding anything herein to the contrary, prior to the Discharge of Term Loan Obligations (as defined in the Intercreditor Agreement), (i) the delivery or granting of &#147;control&#148; (as defined in the UCC) to the extent only one
Person can be granted &#147;control&#148; therein under applicable law of any Term Loan Collateral (as defined in the Intercreditor Agreement) by the Term Loan Collateral Agent pursuant to the terms of the Term Loan Collateral Documents (as defined
in the Intercreditor Agreement) shall satisfy any such &#147;control&#148; requirement hereunder or under any other Loan Document with respect to any Term Loan Collateral to the extent that such &#147;control&#148; is consistent with the terms of
the Intercreditor Agreement and (ii)&nbsp;the possession of any Term Loan Collateral by the Term Loan Collateral Agent pursuant to the terms of the Term Loan Collateral Documents shall satisfy any such possession requirement hereunder or under any
other Loan Document with respect to Term Loan Collateral to the extent that such possession is consistent with the terms of the Intercreditor Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>14.25</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Acknowledgement Regarding Supported QFCs</U></B>. To the
extent that the Loan Documents provide support, through a guarantee or otherwise, for any Swap or any other agreement or instrument that is a QFC (such support, &#147;<U>QFC Credit Support</U>&#148;, and each such QFC, a &#147;<U>Supported
QFC</U>&#148;), 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 &#147;U.S. Special Resolution Regimes&#148;) 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-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">14.25.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Covered Party</U>. If a Covered Entity that is party to a
Supported QFC (each, a &#147;<U>Covered Party</U>&#148;) becomes subject to a proceeding under a U.S. Special Resolution Regime, 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 Regimes 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. If a Covered Party or 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
</P>
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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 Regimes if the Supported QFC
and 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-top:12pt; margin-bottom:0pt; text-indent:16%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">14.25.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Definitions</U>. As used in this Section, (a) &#147;<U>BHC Act
Affiliate</U>&#148; means an &#147;affiliate,&#148; as defined in and interpreted in accordance with 12 U.S.C. &#167;1841(k); (b) &#147;<U>Default Right</U>&#148; has the meaning assigned in and interpreted in accordance with 12 C.F.R.
&#167;&#167;252.81, 47.2 or 382.1, as applicable; and (c) &#147;<U>QFC</U>&#148; means a &#147;qualified financial contract,&#148; as defined in and interpreted in accordance with 12 U.S.C. &#167;5390(c)(8)(D). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">[Remainder of page intentionally left blank; signatures begin on following page] </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>Annex B </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><U>Exhibit <FONT STYLE="white-space:nowrap">A-3</FONT> </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Form of U.K./Dutch Revolver Note </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><I>[see attached] </I></P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><U>EXHIBIT <FONT STYLE="white-space:nowrap">A-3</FONT></U> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">to </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Fourth Amended and Restated
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Loan and Security Agreement </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B><U>U.K./DUTCH REVOLVER NOTE</U> </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" ALIGN="center">


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<TD VALIGN="top">[Date]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:3.27em; font-size:11pt; font-family:Times New Roman" ALIGN="justify">$<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:3.27em; font-size:11pt; font-family:Times New Roman" ALIGN="right">New York, New York</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>CALLAWAY GOLF EUROPE LTD., </B>a company incorporated under the laws of England and Wales
(collectively with any other Person that becomes a &#147;U.K. Borrower&#148; after the date hereof in accordance with the terms of the Loan Agreement, collectively, &#147;<U>U.K. Borrowers</U>&#148;) and <B>CALLAWAY GOLF EU B.V</B>., a private
company with limited liability (<I>besloten vennootschap met beperkte aansprakelijkheid)</I>, incorporated under the laws of the Netherlands, having its statutory seat in Amsterdam, the Netherlands its registered office at Herikerbergweg 88, 1101 CM
Amsterdam, the Netherlands, registered with the Chamber of Commerce (<I>Kamer van Koophandel</I>) under number 86392468 (the &#147;<U>Dutch Borrower</U>&#148; and, collectively with the U.K. Borrowers, the &#147;<U>U.K./Dutch Borrowers</U>&#148;)
and for value received, hereby unconditionally promise to pay, on a joint and several basis, to the order of <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> (the
&#147;<U>U.K./Dutch Lender</U>&#148;), the principal sum of <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> DOLLARS
($<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>), or such lesser amount as may be advanced by or owed to the U.K./Dutch Lender as U.K./Dutch Revolver Loans and owing as U.K./Dutch LC Obligations from time to time under the Loan Agreement
described below, together with all accrued and unpaid interest thereon. Terms are used herein as defined in the Fourth Amended and Restated Loan and Security Agreement, dated as of May&nbsp;17, 2019, among Callaway Golf Company, Callaway Golf Sales
Company, Callaway Golf Ball Operations, Inc., Ogio International, Inc., travisMathew, LLC, Jack Wolfskin North America, Inc., Callaway Golf Canada Ltd., JACK WOLFSKIN Ausr&uuml;stung f&uuml;r Draussen GmbH&nbsp;&amp; Co. KGaA, the U.K./Dutch
Borrowers, certain Affiliates of the foregoing Persons, Bank of America, N.A., as Agent, the U.K./Dutch Lender and certain other financial institutions, as such agreement may be amended, modified, supplemented, renewed or extended from time to time
(the &#147;<U>Loan Agreement</U>&#148;; capitalized terms used but not otherwise defined herein shall have the meanings set forth in the Loan Agreement). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Principal of and interest on this Note from time to time outstanding shall be due and payable as provided in the Loan
Agreement. This Note is issued pursuant to and evidences U.K./Dutch Revolver Loans and U.K./Dutch LC Obligations under the Loan Agreement, to which reference is made for a statement of the rights and obligations of the U.K./Dutch Lender and the
duties and obligations of the U.K./Dutch Borrowers. The Loan Agreement contains provisions for acceleration of the maturity of this Note upon the happening of certain stated events, and for the borrowing, prepayment and reborrowing of amounts upon
specified terms and conditions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">The holder of this Note is hereby authorized by the U.K./Dutch Borrowers to record on a
schedule annexed to this Note (or on a supplemental schedule) the amounts owing with respect to U.K./Dutch Revolver Loans and U.K./Dutch LC Obligations, and the payment thereof. Failure to make any notation, however, shall not affect the rights of
the holder of this Note or any obligations of the U.K./Dutch Borrowers hereunder or under any other Loan Documents. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Time
is of the essence of this Note. The U.K./Dutch Borrowers and all endorsers, sureties and guarantors of this Note hereby severally waive demand, presentment for payment, protest, notice of </P>
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protest, notice of intention to accelerate the maturity of this Note, diligence in collecting, the bringing of any suit against any party, and any notice of or defense on account of any
extensions, renewals, partial payments or changes in any manner of or in this Note or in any of its terms, provisions and covenants, or any releases or substitutions of any security, or any delay, indulgence or other act of any trustee or any holder
hereof, whether before or after maturity. The U.K./Dutch Borrowers agree, jointly and severally, to pay, and to save the holder of this Note harmless against, any liability for the payment of all costs and expenses in connection therewith (including
without limitation reasonable attorneys&#146; fees) if this Note is collected by or through an <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorney-at-law.</FONT></FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">In no contingency or event whatsoever shall the amount paid or agreed to be paid to the holder of this Note for the use,
forbearance or detention of money advanced hereunder exceed the highest lawful rate permitted under Applicable Law. If any such excess amount is inadvertently paid by the U.K./Dutch Borrowers or inadvertently received by the holder of this Note,
such excess shall be returned to the U.K./Dutch Borrowers or credited as a payment of principal, in accordance with the Loan Agreement. It is the intent hereof that each U.K./Dutch Borrower not pay or contract to pay, and that holder of this Note
not receive or contract to receive, directly or indirectly in any manner whatsoever, interest in excess of that which may be paid by such U.K./Dutch Borrower under Applicable Law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">This Note shall be governed by the laws of the State of New York, without giving effect to any conflict of law principles (but
giving effect to federal laws relating to national banks). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><B>IN WITNESS WHEREOF</B>, this U.K./Dutch Revolver Note is
executed as of the date set forth above. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>CALLAWAY GOLF EUROPE LTD.</B>,</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:Times New Roman">a company
incorporated under the laws of England and Wales</P></TD></TR>
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<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">By:<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;&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="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Name:<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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Title:<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;&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="font-size:1pt">
<TD HEIGHT="32"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>CALLAWAY GOLF EU B.V.</B>,</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:Times New Roman">a private company
with limited liability (<I>besloten </I><I>vennootschap met beperkte aansprakelijkheid</I>) incorporated under the laws of the Netherlands</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">By:<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;&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="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Name:<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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top">Title: Director</TD></TR>
</TABLE></DIV>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>3
<FILENAME>modg-20220923.xsd
<DESCRIPTION>XBRL TAXONOMY EXTENSION SCHEMA
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii"?>
<!-- DFIN - https://www.dfinsolutions.com/ -->
<!-- CTU Version: Release master Build:20220115.12 -->
<!-- Creation date: 9/29/2022 12:03:09 AM Eastern Time -->
<!-- Copyright (c) 2022 Donnelley Financial Solutions, Inc. All Rights Reserved. -->
<xsd:schema
  xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric"
  xmlns:num="http://www.xbrl.org/dtr/type/numeric"
  xmlns:us-types="http://fasb.org/us-types/2021-01-31"
  xmlns:modg="http://imetrix.edgar-online.com/20220923"
  xmlns:dei="http://xbrl.sec.gov/dei/2021"
  xmlns:xbrli="http://www.xbrl.org/2003/instance"
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:xlink="http://www.w3.org/1999/xlink"
  xmlns:xbrldt="http://xbrl.org/2005/xbrldt"
  attributeFormDefault="unqualified"
  elementFormDefault="qualified"
  targetNamespace="http://imetrix.edgar-online.com/20220923"
  xmlns:xsd="http://www.w3.org/2001/XMLSchema">
    <xsd:import schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd" namespace="http://www.xbrl.org/2003/instance" />
    <xsd:import schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" namespace="http://www.xbrl.org/2003/linkbase" />
    <xsd:import schemaLocation="https://xbrl.sec.gov/dei/2021/dei-2021.xsd" namespace="http://xbrl.sec.gov/dei/2021" />
    <xsd:import schemaLocation="http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd" namespace="http://www.xbrl.org/dtr/type/numeric" />
    <xsd:import schemaLocation="http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd" namespace="http://www.xbrl.org/dtr/type/non-numeric" />
    <xsd:import schemaLocation="https://xbrl.sec.gov/naics/2021/naics-2021.xsd" namespace="http://xbrl.sec.gov/naics/2021" />
    <xsd:import schemaLocation="http://www.xbrl.org/2005/xbrldt-2005.xsd" namespace="http://xbrl.org/2005/xbrldt" />
  <xsd:annotation>
    <xsd:appinfo>
      <link:linkbaseRef xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="modg-20220923_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:title="Label Links, all" xlink:type="simple" />
      <link:linkbaseRef xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="modg-20220923_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:title="Presentation Links, all" xlink:type="simple" />
      <link:roleType roleURI="http://imetrix.edgar-online.com//20220923/taxonomy/role/DocumentDocumentAndEntityInformation" id="Role_DocumentDocumentAndEntityInformation">
        <link:definition>100000 - Document - Document and Entity Information</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
    </xsd:appinfo>
  </xsd:annotation>
</xsd:schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>4
<FILENAME>modg-20220923_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii" standalone="yes"?>
<!-- DFIN - https://www.dfinsolutions.com/ -->
<!-- CTU Version: Release master Build:20220115.12 -->
<!-- Creation date: 9/29/2022 12:03:09 AM Eastern Time -->
<!-- Copyright (c) 2022 Donnelley Financial Solutions, Inc. All Rights Reserved. -->
<link:linkbase
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:xlink="http://www.w3.org/1999/xlink"
  xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"
  xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_CoverAbstract" xlink:type="locator" xlink:label="dei_CoverAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CoverAbstract" xlink:to="dei_CoverAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_CoverAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Cover [Abstract]</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_CoverAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cover [Abstract]</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityIncorporationStateCountryCode" xlink:type="locator" xlink:label="dei_EntityIncorporationStateCountryCode" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityIncorporationStateCountryCode" xlink:to="dei_EntityIncorporationStateCountryCode_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Incorporation State Country Code</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Incorporation State Country Code</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityAddressStateOrProvince" xlink:type="locator" xlink:label="dei_EntityAddressStateOrProvince" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressStateOrProvince" xlink:to="dei_EntityAddressStateOrProvince_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressStateOrProvince_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, State or Province</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressStateOrProvince_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, State or Province</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_AmendmentFlag" xlink:type="locator" xlink:label="dei_AmendmentFlag" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_AmendmentFlag_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Amendment Flag</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_AmendmentFlag_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amendment Flag</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityCentralIndexKey" xlink:type="locator" xlink:label="dei_EntityCentralIndexKey" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityCentralIndexKey_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Central Index Key</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityCentralIndexKey_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Central Index Key</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentType" xlink:type="locator" xlink:label="dei_DocumentType" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_DocumentType_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Document Type</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_DocumentType_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Type</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentPeriodEndDate" xlink:type="locator" xlink:label="dei_DocumentPeriodEndDate" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_DocumentPeriodEndDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Document Period End Date</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_DocumentPeriodEndDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Period End Date</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityRegistrantName" xlink:type="locator" xlink:label="dei_EntityRegistrantName" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityRegistrantName_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Registrant Name</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityRegistrantName_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Registrant Name</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityFileNumber" xlink:type="locator" xlink:label="dei_EntityFileNumber" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFileNumber" xlink:to="dei_EntityFileNumber_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityFileNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity File Number</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityFileNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity File Number</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityTaxIdentificationNumber" xlink:type="locator" xlink:label="dei_EntityTaxIdentificationNumber" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityTaxIdentificationNumber" xlink:to="dei_EntityTaxIdentificationNumber_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Tax Identification Number</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Tax Identification Number</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityAddressAddressLine1" xlink:type="locator" xlink:label="dei_EntityAddressAddressLine1" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine1" xlink:to="dei_EntityAddressAddressLine1_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressAddressLine1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, Address Line One</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressAddressLine1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, Address Line One</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityAddressCityOrTown" xlink:type="locator" xlink:label="dei_EntityAddressCityOrTown" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCityOrTown" xlink:to="dei_EntityAddressCityOrTown_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressCityOrTown_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, City or Town</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressCityOrTown_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, City or Town</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityAddressPostalZipCode" xlink:type="locator" xlink:label="dei_EntityAddressPostalZipCode" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressPostalZipCode" xlink:to="dei_EntityAddressPostalZipCode_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressPostalZipCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, Postal Zip Code</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressPostalZipCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, Postal Zip Code</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_CityAreaCode" xlink:type="locator" xlink:label="dei_CityAreaCode" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CityAreaCode" xlink:to="dei_CityAreaCode_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_CityAreaCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">City Area Code</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_CityAreaCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">City Area Code</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_LocalPhoneNumber" xlink:type="locator" xlink:label="dei_LocalPhoneNumber" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LocalPhoneNumber" xlink:to="dei_LocalPhoneNumber_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_LocalPhoneNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Local Phone Number</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_LocalPhoneNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Local Phone Number</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_WrittenCommunications" xlink:type="locator" xlink:label="dei_WrittenCommunications" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_WrittenCommunications" xlink:to="dei_WrittenCommunications_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_WrittenCommunications_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Written Communications</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_WrittenCommunications_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Written Communications</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_SolicitingMaterial" xlink:type="locator" xlink:label="dei_SolicitingMaterial" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SolicitingMaterial" xlink:to="dei_SolicitingMaterial_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_SolicitingMaterial_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Soliciting Material</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_SolicitingMaterial_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Soliciting Material</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_PreCommencementTenderOffer" xlink:type="locator" xlink:label="dei_PreCommencementTenderOffer" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementTenderOffer" xlink:to="dei_PreCommencementTenderOffer_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_PreCommencementTenderOffer_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Pre Commencement Tender Offer</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_PreCommencementTenderOffer_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Pre Commencement Tender Offer</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_PreCommencementIssuerTenderOffer" xlink:type="locator" xlink:label="dei_PreCommencementIssuerTenderOffer" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementIssuerTenderOffer" xlink:to="dei_PreCommencementIssuerTenderOffer_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_PreCommencementIssuerTenderOffer_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Pre Commencement Issuer Tender Offer</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_PreCommencementIssuerTenderOffer_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Pre Commencement Issuer Tender Offer</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_Security12bTitle" xlink:type="locator" xlink:label="dei_Security12bTitle" />
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<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>5
<FILENAME>modg-20220923_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
<TEXT>
<XBRL>
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<TYPE>XML
<SEQUENCE>6
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
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</head>
<body>
<span style="display: none;">v3.22.2.2</span><table class="report" border="0" cellspacing="2" id="idm140462726536768">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Document and Entity Information<br></strong></div></th>
<th class="th"><div>Sep. 23, 2022</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_EntityIncorporationStateCountryCode', window );">Entity Incorporation State Country Code</a></td>
<td class="text">DE<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_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">CA<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_AmendmentFlag', window );">Amendment Flag</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_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0000837465<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_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Sep. 23,  2022<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">TOPGOLF CALLAWAY BRANDS CORP.<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">1-10962<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">95-3797580<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_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">2180 RUTHERFORD ROAD<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_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">CARLSBAD<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">92008-7328<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">(760)<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">931-1771<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 );">Security 12b Title</a></td>
<td class="text">Common Stock, $0.01 par value per share<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">MODG<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</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>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="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 Regulation 12B<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 Regulation 12B<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 Regulation 12B<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 Regulation 12B<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>
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<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>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Section 14a<br> -Number 240<br> -Subsection 12<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
