<SEC-DOCUMENT>0001104659-22-116684.txt : 20221110
<SEC-HEADER>0001104659-22-116684.hdr.sgml : 20221110
<ACCEPTANCE-DATETIME>20221110060145
ACCESSION NUMBER:		0001104659-22-116684
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		14
CONFORMED PERIOD OF REPORT:	20221108
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20221110
DATE AS OF CHANGE:		20221110

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Fossil Group, Inc.
		CENTRAL INDEX KEY:			0000883569
		STANDARD INDUSTRIAL CLASSIFICATION:	WATCHES, CLOCKS, CLOCKWORK OPERATED DEVICES/PARTS [3873]
		IRS NUMBER:				752018505
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1228

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-41040
		FILM NUMBER:		221374672

	BUSINESS ADDRESS:	
		STREET 1:		901 S CENTRAL EXPRESSWAY
		CITY:			RICHARDSON
		STATE:			TX
		ZIP:			75080
		BUSINESS PHONE:		9722342525

	MAIL ADDRESS:	
		STREET 1:		901 S CENTRAL EXPRESSWAY
		CITY:			RICHARDSON
		STATE:			TX
		ZIP:			75080

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FOSSIL INC
		DATE OF NAME CHANGE:	19940218
</SEC-HEADER>
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<p style="font: 18pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>UNITED STATES</b></p>

<p style="font: 18pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>SECURITIES AND
EXCHANGE COMMISSION</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>Washington, D.C.
20549</b></p>

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<p style="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>CURRENT REPORT</b></p>

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<p style="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-size: 10pt">Date
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<p style="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">(Exact name of registrant as specified in its charter)</p>

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

<p style="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">(Former name or former address, if changed since last report.)</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Check the appropriate
box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):</p>

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

<p style="font-size: 10pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Wingdings"><span id="xdx_902_edei--WrittenCommunications_c20221108__20221108_z0VFRabrhy11"><ix:nonNumeric contextRef="From2022-11-08to2022-11-08" format="ixt:booleanfalse" name="dei:WrittenCommunications">&#168;</ix:nonNumeric></span></span> <span style="font-family: Times New Roman, Times, Serif">Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</span></p>

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

<p style="font-size: 10pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Wingdings"><span id="xdx_904_edei--SolicitingMaterial_c20221108__20221108_zxkwEdWd5VQi"><ix:nonNumeric contextRef="From2022-11-08to2022-11-08" format="ixt:booleanfalse" name="dei:SolicitingMaterial">&#168;</ix:nonNumeric></span></span> <span style="font-family: Times New Roman, Times, Serif">Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</span></p>

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

<p style="font-size: 10pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Wingdings"><span id="xdx_90F_edei--PreCommencementTenderOffer_c20221108__20221108_zjozVxVk86Ul"><ix:nonNumeric contextRef="From2022-11-08to2022-11-08" format="ixt:booleanfalse" name="dei:PreCommencementTenderOffer">&#168;</ix:nonNumeric></span></span> <span style="font-family: Times New Roman, Times, Serif">Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</span></p>

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

<p style="font-size: 10pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Wingdings"><span id="xdx_900_edei--PreCommencementIssuerTenderOffer_c20221108__20221108_z9Vv9348SCmh"><ix:nonNumeric contextRef="From2022-11-08to2022-11-08" format="ixt:booleanfalse" name="dei:PreCommencementIssuerTenderOffer">&#168;</ix:nonNumeric></span></span> <span style="font-family: Times New Roman, Times, Serif">Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</span></p>

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

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

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

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<p style="margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

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

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

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

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

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

<p style="margin-top: 0pt; margin-bottom: 0pt">&#160;</p>


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

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Item 1.01 Entry into a Material Definitive Agreement.</b></p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On November&#160;8, 2022,
Fossil Group,&#160;Inc. (the &#8220;Company&#8221;) entered into Amendment No.&#160;4 (the &#8220;Amendment&#8221;) to the Credit Agreement,
dated as of September&#160;26, 2019 among the Company, as a U.S. borrower and borrower representative, certain subsidiaries of the Company
party thereto as borrowers and guarantors, JPMorgan Chase Bank, N.A., as administrative agent, and the other agents and lenders party
thereto. The Amendment, among other things, (i)&#160;extends the maturity date of the credit facility to November&#160;8, 2027 (provided,
that if the Company has any indebtedness in an amount in excess of $35 million that matures prior to November&#160;8, 2027, the maturity
date of the credit facility shall be the 91st day prior to the maturity date of such other indebtedness) and (ii)&#160;changes the calculation
methodology of the borrowing base to include the value of certain of the Company&#8217;s intellectual property in such methodology and
to provide for seasonal increases to certain advance rates.</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">From time to time, certain
of the lenders have provided, or may in the future provide, various investment banking, commercial banking, financial advisory, brokerage
and other services to the Company and its affiliates for which services they have received, and may in the future receive, customary fees
and expense reimbursement. The lenders and their affiliates may, from time to time, engage in transactions with and perform services for
the Company in the ordinary course of their business for which they may receive customary fees and reimbursement of expenses.</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The foregoing description
of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, a copy
of which is attached hereto as Exhibit&#160;10.1 is incorporated by reference into this Item 1.01.</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Item 9.01 Financial Statements and Exhibits.</b></p>

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

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr>
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  <tr>
    <td style="vertical-align: top">&#160;</td>
    <td style="vertical-align: top">&#160;</td></tr>
  <tr>
    <td style="vertical-align: top"><span style="text-decoration: underline">Exhibit&#160;No.</span></td>
    <td style="vertical-align: top"><span style="text-decoration: underline">Document Description</span></td></tr>
  <tr>
    <td style="vertical-align: top">&#160;</td>
    <td style="vertical-align: top">&#160;</td></tr>
  <tr>
    <td style="vertical-align: top"><a href="tm2230099d1_ex10-1.htm">10.1</a></td>
    <td style="text-align: left; vertical-align: top"><a href="tm2230099d1_ex10-1.htm">Amendment No.&#160;4, dated as of November&#160;8, 2022, among Fossil Group,&#160;Inc., Fossil Partners, L.P., Fossil Intermediate,&#160;Inc., Fossil Stores I,&#160;Inc., Fossil Trust, Fossil Group GmbH, Fossil Asia Pacific Limited, Fossil (Europe) GmbH, Fossil (UK) Limited, Fossil Canada Inc., Fossil France SAS, Fossil Stores France SAS, FAST Europe SARL, and JPMorgan Chase Bank, N.A., as administrative agent, and the other agents and lenders party thereto.&#160;&#160;</a></td></tr>
  <tr>
    <td style="vertical-align: top">&#160;</td>
    <td style="text-align: left; vertical-align: top">&#160;</td></tr>
  <tr>
    <td style="vertical-align: top">104</td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

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

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

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

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</p>

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

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td colspan="2"><b>FOSSIL GROUP,&#160;INC.</b></td></tr>
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td colspan="2">&#160;</td></tr>
  <tr style="vertical-align: top">
    <td style="width: 50%">Date: November&#160;10, 2022</td>
    <td style="width: 5%">By: </td>
    <td style="border-bottom: Black 1pt solid; width: 45%">/s/ Sunil M. Doshi</td></tr>
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td>Name:</td>
    <td>Sunil M. Doshi</td></tr>
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td>Title:</td>
    <td>Executive Vice President, Chief Financial Officer and Treasurer</td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

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

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<P STYLE="margin: 0">&#8239;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>AMENDMENT NO. 4</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">THIS AMENDMENT NO. 4, dated
as of November&#8239;8, 2022 (this &ldquo;<U>Amendment</U>&rdquo;), is entered into by and among FOSSIL GROUP,&#8239;INC., a Delaware
corporation (the &ldquo;<U>Company</U>&rdquo; or the &ldquo;<U>Borrower Representative</U>&rdquo;), FOSSIL PARTNERS, L.P., a Texas limited
partnership (&ldquo;<U>Fossil Partners</U>&rdquo;), the U.S. Guarantors signatory hereto, FOSSIL GROUP EUROPE GMBH, a limited liability
company organized under the law of Switzerland (&ldquo;<U>Fossil Switzerland</U>&rdquo;), FOSSIL ASIA PACIFIC LIMITED, a private limited
liability company organized under the laws of Hong Kong (&ldquo;<U>Fossil Asia</U>&rdquo;), FOSSIL (EUROPE) GMBH, a limited liability
company organized under the laws of Germany (&ldquo;<U>Fossil Germany</U>&rdquo;), FOSSIL (UK) LIMITED, a private limited liability company
organized under the laws of England and Wales (the &ldquo;<U>Fossil UK</U>&rdquo;), and FOSSIL CANADA INC., a corporation organized under
the laws of New Brunswick (&ldquo;<U>Fossil Canada</U>&rdquo;), FOSSIL FRANCE SAS, a company organized under the laws of France (previously
Fossil France SA) (&ldquo;<U>Fossil France</U>&rdquo;), FOSSIL STORES FRANCE SAS, a company organized under the laws of France, FAST
EUROPE SARL, a company organized under the laws of France (&ldquo;<U>Fast Europe</U>&rdquo;) and JPMORGAN CHASE BANK, N.A., as Administrative
Agent (in such capacity, the &ldquo;<U>Administrative Agent</U>&rdquo;), under that certain Credit Agreement, dated as of September&#8239;26,
2019 (as amended by that certain French Joinder and Amendment No.&#8239;1, dated as of March&#8239;11, 2020 (the &ldquo;<U>French Joinder
and Amendment No.&#8239;1</U>&rdquo;), as amended by that certain Amendment No.&#8239;2, dated as of April&#8239;24, 2020 (&ldquo;<U>Amendment
No.&#8239;2</U>&rdquo;), as amended by that certain Amendment No.&#8239;3, dated as of November&#8239;1, 2021 (&ldquo;<U>Amendment No.&#8239;3</U>&rdquo;),
and as further amended, restated, supplemented or otherwise modified prior to the date hereof, the &ldquo;<U>Credit Agreement</U>&rdquo;),
by and among the Borrower Representative, Fossil Partners, the U.S. Subsidiary Borrowers party thereto (together with the Borrower Representative
and Fossil Partners, the &ldquo;<U>U.S. Borrowers</U>&rdquo;), Fossil Switzerland, Fossil Asia, Fossil Germany, Fossil UK and Fossil
Canada (Fossil Canada, together with the U.S. Borrowers, Fossil Switzerland, Fossil Asia, Fossil Germany, Fossil UK, Fossil France, and
any other Subsidiary designated as a Borrower pursuant to the terms of thereof, the &ldquo;<U>Borrowers</U>&rdquo;), the other Loan Parties
party thereto, the Lenders party thereto, the Administrative Agent, the other financial institutions party thereto, and the French Collateral
Agent. All capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, Section&#8239;9.02
of the Credit Agreement permits certain amendments of the Credit Agreement with the consent of the Borrowers, each of the Lenders and
the Administrative Agent;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, in consideration
of the premises and covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Section&#8239;1. <B><U>Amendments</U></B>.
On the Amendment No.&#8239;4 Effective Date (as defined below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Credit Agreement shall be amended to delete the stricken text (indicated textually in the same manner as the following example: <FONT STYLE="color: red"><STRIKE>stricken
text</STRIKE></FONT>) and to add the double-underlined text (indicated textually in the same manner as the following example: <FONT STYLE="color: blue; border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>double-underlined
text</U></FONT>) as set forth in the pages&#8239;of the Credit Agreement attached as <U>Exhibit&#8239;A</U> hereto (as so amended, the
 &ldquo;<U>Amended Credit Agreement</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Schedule
2.01 to the Credit Agreement shall be amended by replacing such schedule in its entirety with the Schedule 2.01 attached as <U>Schedule
I</U> hereto (for the avoidance of doubt, all other schedules to the Credit Agreement will remain in full force and effect in the form
attached to the Credit Agreement on the Effective Date).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Exhibits to the Credit Agreement shall be amended as follows (for the avoidance of doubt, all other exhibits to the Credit Agreement
will remain in full force and effect in the form attached to the Credit Agreement on the Effective Date):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&#8239;the form
of Intercreditor Agreement attached as Exhibit&#8239;E to the Credit Agreement shall be amended to delete the stricken text (indicated
textually in the same manner as the following example: <FONT STYLE="color: red"><STRIKE>stricken text</STRIKE></FONT>) and to add the
double-underlined text (indicated textually in the same manner as the following example: <FONT STYLE="color: blue; border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>double-underlined
text</U></FONT>) as set forth in the pages&#8239;of the Intercreditor Agreement attached as <U>Exhibit&#8239;B</U> hereto; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&#8239;the forms
of Borrowing Request, Compliance Certificate and Interest Election Request attached as Exhibits C, D and F to the Credit Agreement, respectively,
shall be amended by replacing such exhibits in their entirety with the corresponding forms attached as <U>Exhibit&#8239;C</U> hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Section&#8239;2. <B><U>Representations
and Warranties; No Default</U></B>. By its execution of this Amendment, the Company hereby represents and warrants, and each other Loan
Party that is a party hereto severally represents and warrants as to itself, as of the date hereof, that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
execution, delivery and performance by such Loan Party of this Amendment, and compliance by it with the terms and provisions hereof,
are within such Loan Party&rsquo;s corporate or other organizational powers and have been duly authorized by all necessary corporate
or other organizational and, if required, shareholder or other equity holder action. This Amendment has been duly executed and delivered
by each Loan Party that is a party hereto and constitutes a legal, valid and binding obligation of such Loan Party, enforceable against
it in accordance with its terms, subject to applicable Insolvency Laws or other laws affecting creditors&rsquo; rights generally and
to general principles of equity, regardless of whether considered in a proceeding in equity or at law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
execution, delivery and performance by such Loan Party of this Amendment, and compliance by it with the terms and provisions hereof,
(a)&#8239;do not require any consent or approval of, registration or filing with (other than filings required to be made with the SEC),
or any other action by, any Governmental Authority, except such as have been obtained or made and are (or will so be) in full force and
effect and except for filings necessary to perfect Liens created under the Loan Documents, (b)&#8239;will not violate any applicable
law, including any order of any Governmental Authority, (c)&#8239;will not violate the charter, by-laws or other organizational documents
of the Company or any Restricted Subsidiary, (d)&#8239;will not breach or result in a default under any indenture or agreement (including
any Material Indebtedness or other material instrument binding upon the Company or any Restricted Subsidiary or any of their assets),
or give rise to a right thereunder to require any payment to be made by the Company or any Restricted Subsidiary, and (e)&#8239;will
not result in the creation or imposition of any Lien on any asset of the Company or any Restricted Subsidiary, except Liens created pursuant
to the Loan Documents; in the case of each of the clauses above, except for a consent, approval, registration, filing, other action,
violation, breach, default, payment obligation, creation or imposition, as applicable, that would not reasonably be expected to result
in a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;At
the time of and immediately after giving effect to this Amendment, no Default or Event of Default shall have occurred and be continuing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;All
representations and warranties contained in the Amended Credit Agreement and the other Loan Documents are true and correct in all material
respects (without duplication of any materiality standard set forth in any such representation or warranty) on and as of the Amendment
No.&#8239;4 Effective Date, as though made on and as of the Amendment No.&#8239;4 Effective Date, except to the extent that such representations
and warranties specifically refer to an earlier date, in which case they were true and correct in all material respects as of such earlier
date (without duplication of any materiality standard set forth in any such representation or warranty).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Section&#8239;3. <B><U>Effectiveness
of Amendment</U></B>. Section&#8239;1 of this Amendment shall become effective on the date (the &ldquo;<U>Amendment No.&#8239;4 Effective
Date</U>&rdquo;) that the following conditions have been satisfied or waived:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Amendment</U>.
The Administrative Agent shall have received executed signature pages&#8239;hereto from the Borrowers, the Administrative Agent and each
of the Lenders (by electronic transmission or otherwise).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Opinions</U>.
The Administrative Agent shall have received a favorable written opinion (addressed to the Administrative Agent and the Lenders and dated
the Amendment No.&#8239;4 Effective Date) of (A)&#8239;Akin Gump Strauss Hauer&#8239;&amp; Feld LLP, New York counsel for the Loan Parties,
(B)&#8239;Morris, Nichols, Arsht&#8239;&amp; Tunnell LLP, Delaware counsel for the Loan Parties, (C)&#8239;[reserved], (D)&#8239;CMS
Hasche Sigle Partnerschaft von Rechtsanw&auml;lten und Steuerberatern MbB, German counsel for the Loan Parties, (E)&#8239;Mayer Brown
LLP, German counsel for the Administrative Agent, (F)&#8239;CMS Francis Lefebvre Avocats, French counsel for the Loan Parties, (G)&#8239;Mayer
Brown SELAS, French counsel for the Administrative Agent, (H)&#8239;CMS von Erlach Poncet Ltd, Swiss counsel for the Loan Parties, (I)&#8239;Walder
Wyss Ltd., Swiss counsel for the Administrative Agent, (J)&#8239;Stikeman Elliott LLP, Canadian counsel to the Loan Parties with respect
to the laws of Ontario, Alberta and British Columbia, (K)&#8239;Stewart McKelvey, Canadian counsel for the Loan Parties with respect
to the laws of New Brunswick and Nova Scotia, (L)&#8239;[reserved], (M)&#8239;Mayer Brown (Singapore) Pte. Ltd, Hong Kong counsel for
the Administrative Agent and (N)&#8239;Mayer Brown International LLP, English counsel for the Administrative Agent, in each case, in
form and substance reasonably satisfactory to the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Organization
and Good Standing Documents</U>. The Administrative Agent shall have received such documents and certificates as the Administrative Agent
may reasonably request relating to the organization, existence and good standing (or equivalent) of each Loan Party as of a recent date
prior to or as of the Amendment No.&#8239;4 Effective Date, the authorization of this Amendment and any related transactions and any
other legal matters relating to the Loan Parties, this Amendment and any related transactions, all in form and substance reasonably satisfactory
to the Administrative Agent. For each German Loan Party organized as a limited liability company, it shall include its articles of association,
the shareholder list, an excerpt from the commercial register, and any other organizational agreement applicable to it.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Representations
and Warranties</U>. The representations and warranties set forth in Section&#8239;2 hereof shall be true and correct.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>No
Default</U>. At the time of and immediately after giving effect to this Amendment, no Default or Event of Default shall have occurred
and be continuing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>No
Material Adverse Effect</U>. Since January&#8239;1, 2022, there has not have been or occurred, any Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Officer&rsquo;s
Certificate</U>. The Administrative Agent shall have received a certificate, dated the Amendment No.&#8239;4 Effective Date and signed
by a Responsible Officer of the Company, confirming compliance with the conditions set forth in paragraphs (d), (e)&#8239;and (f)&#8239;of
this Section&#8239;3.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Solvency
Certificate</U>. The Administrative Agent shall have received a certificate, dated the Amendment No.&#8239;4 Effective Date and signed
by the chief financial officer of the Company, as to the solvency of the Company and its Subsidiaries on a Consolidated basis after giving
effect to this Amendment and any related transactions, substantially in the form of Exhibit&#8239;J to the Credit Agreement. Each European
Loan Party, French Loan Party and Hong Kong Loan Party shall have delivered a certificate as to the solvency of such Loan Party on an
individual basis after giving effect to this Amendment and any related transactions. Each German Loan Party shall have delivered a certificate
to the effect that no German Insolvency Event has occurred with respect to such German Loan Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Perfection
Certificate Supplement; Lien Searches</U>. The Administrative Agent shall have received (A)&#8239;a supplement to the Perfection Certificate,
dated the Amendment No.&#8239;4 Effective Date and signed by an executive officer or a Financial Officer of the Company, and (B)&#8239;the
results of a search of the UCC filings and PPSA financing statements and similar filings under applicable foreign laws, made with respect
to the Loan Parties in the jurisdictions agreed upon between the Administrative Agent and the Company and copies of the financing statements
(or similar documents) disclosed by such search and evidence reasonably satisfactory to the Administrative Agent that the Liens indicated
by such financing statements (or similar documents) are permitted under Section&#8239;6.02 of the Amended Credit Agreement or have been
released.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(j)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Collateral
Documents</U>. The Administrative Agent shall have received each of the documents and executed agreements specified on <U>Schedule II
</U>hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(k)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Prepayment
Notice</U>. (x)&#8239;The Administrative Agent shall have received a notice of prepayment delivered pursuant to Section&#8239;2.11 of
the Credit Agreement with respect to the U.S. Revolving Loans outstanding immediately prior to the occurrence of the Amendment No.&#8239;4
Effective Date and (y)&#8239;substantially contemporaneously with the effectiveness of this Amendment, the Company shall have paid to
the Administrative Agent, for the account of the U.S. Lenders under the Credit Agreement prior to giving effect to this Amendment, from
the proceeds of a substantially contemporaneous Borrowing of U.S. Revolving Loans, an amount equal to the aggregate principal amount
of the U.S. Revolving Loans that are outstanding immediately prior to the occurrence of the Amendment No.&#8239;4 Effective Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(l)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Payment
of Interest and Fees</U>. The Company shall have paid to the Administrative Agent (x)&#8239;for the account of the applicable Lenders
under the Credit Agreement prior to giving effect to this Amendment, all accrued and unpaid interest and fees that are outstanding under
the Credit Agreement immediately prior to the occurrence of the Amendment No.&#8239;4 Effective Date, (y)&#8239;for the account of the
Lenders under the Amended Credit Agreement, all fees and other amounts due and payable on or prior to the Amendment No.&#8239;4 Effective
Date pursuant to the Engagement Letter, dated as of September&#8239;22, 2022, by and between the Company and JPMorgan Chase Bank, N.A.
and (z)&#8239;all costs and expenses of the Administrative Agent (including, without limitation, legal fees and expenses) to the extent
invoiced at least two Business Days prior to the date of this Amendment (it being understood and agreed that if any such invoice is not
received at least two (2)&#8239;Business Days prior to the date of this Amendment, such costs and expenses shall be reimbursed after
the Amendment No.&#8239;4 Effective Date in accordance with Section&#8239;9.03 of the Credit Agreement).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(m)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Know
Your Customer Information</U>. (i)&#8239;The Lenders shall have received all documentation and other information required by bank regulatory
authorities under applicable &ldquo;know your customer&rdquo; and anti-money laundering rules&#8239;and regulations, including the USA
Patriot Act, at least three Business Days prior to the Amendment No.&#8239;4 Effective Date to the extent such information was requested
at least 5 Business Days prior to the Amendment No.&#8239;4 Effective Date and (ii)&#8239;to the extent any Borrower qualifies as a &ldquo;legal
entity customer&rdquo; under the Beneficial Ownership Regulation, at least three (3)&#8239;days prior to the Amendment No.&#8239;4 Effective
Date, any Lender that has requested, in a written notice to the Borrowers at least five (5)&#8239;days prior to the Amendment No.&#8239;4
Effective Date, a Beneficial Ownership Certification in relation to each Borrower shall have received such Beneficial Ownership Certification
(provided that, upon the execution and delivery by such Lender of its signature page&#8239;to this Amendment, the condition set forth
in this clause (ii)&#8239;shall be deemed to be satisfied).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Each of the Lenders party hereto
that was a Lender under the Credit Agreement immediately prior to the occurrence of the Amendment No.&#8239;4 Effective Date hereby agrees
to waive any claims for compensation pursuant to Section&#8239;2.16 of the Credit Agreement resulting from the prepayment of the U.S.
Revolving Loans on the date hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Section&#8239;4. <B><U>Counterparts;
Entire Agreement; Amendment, Modification and Waiver</U></B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;This
Amendment may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute
an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature
page&#8239;of this Amendment by electronic transmission shall be effective as delivery of a manually executed counterpart of this Amendment.
For purposes hereof, the words &ldquo;execution,&rdquo; &ldquo;execute,&rdquo; &ldquo;executed,&rdquo; &ldquo;signed,&rdquo; &ldquo;signature&rdquo;
and words of like import shall be deemed to include electronic signatures, the electronic matching of assignment terms and contract formulations
on electronic platforms, or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability
as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided
for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic
Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transaction Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;This
Amendment may not be amended, modified or waived except in accordance with Section&#8239;9.02 of the Amended Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Section&#8239;5. <B><U>Applicable
Law; Waiver of Jury Trial, Etc</U></B>. <B>THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY
AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, BUT GIVING EFFECT TO FEDERAL LAWS APPLICABLE TO NATIONAL BANKS. THE
PROVISIONS OF SECTIONS 9.09(b)&#8239;THROUGH (e)&#8239;AND 9.10 OF THE CREDIT AGREEMENT SHALL APPLY TO THIS AMENDMENT <I>MUTATIS MUTANDIS</I>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Section&#8239;6. <B><U>Headings</U></B>.
The headings of this Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Section&#8239;7. <B><U>Acknowledgements
and Confirmations; Liens Unimpaired</U></B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Loan Party that is a party hereto hereby expressly acknowledges the terms of this Amendment (and, for the avoidance of doubt, ratifies,
subject to the amendments set forth in this Amendment, the terms of the French Joinder and Amendment No.&#8239;1, Amendment No.&#8239;2
and Amendment No.&#8239;3) and reaffirms, as of the date hereof, subject to the amendments set forth in this Amendment, (i)&#8239;the
covenants and agreements contained in each Loan Document to which it is a party (and each joinder to which it is a party to any Loan
Documents), including, in each case, such covenants and agreements as in effect immediately after giving effect to this Amendment and
the transactions contemplated hereby, (ii)&#8239;subject to any limitations set forth in the Credit Agreement, its Guarantee of the Secured
Obligations, and (iii)&#8239;its prior grant of Liens on the Collateral to secure the Secured Obligations owed or otherwise guaranteed
by it pursuant to the Collateral Documents with all such Liens continuing in full force and effect after giving effect to this Amendment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Notwithstanding
the above, each of the Loan Parties (other than the French Loan Parties) party hereto consents to the amendments of the Credit Agreement
effected by this Amendment and confirms that, subject to the amendments set forth in this Amendment, (i)&#8239;its obligations as a Guarantor
under the Credit Agreement are not discharged or otherwise affected by those amendments or the other provisions of this Amendment (and
for the avoidance of doubt the French Joinder and Amendment No.&#8239;1, Amendment No.&#8239;2 and Amendment No.&#8239;3) and shall accordingly,
subject to any limitations set forth in the Credit Agreement, continue in full force and effect, (ii)&#8239;its obligations under, and
the Liens granted by it in and pursuant to, the Collateral Documents to which it is a party are not discharged or otherwise affected
by those amendments or the other provisions of this Amendment (and for the avoidance of doubt each of the French Joinder and Amendment
No.&#8239;1, Amendment No.&#8239;2 and Amendment No.&#8239;3) and shall accordingly remain in full force and effect, and (iii)&#8239;the
Secured Obligations so guaranteed and secured shall, after the Amendment No.&#8239;4 Effective Date and subject to any limitations set
forth in the Credit Agreement, extend to the Secured Obligations under the Loan Documents (including under the Credit Agreement as amended
pursuant to this Amendment).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
French Loan Party hereby confirms to the other Parties that, upon and following the execution and performance by it of this Amendment,
subject to the amendments set forth in this Amendment, (i)&#8239;all of its payment and performance obligations, contingent or otherwise,
under each of the Loan Documents (including, for the avoidance of doubt, the French Joinder and Amendment No.&#8239;1, Amendment No.&#8239;2
and Amendment No.&#8239;3) to which it is a party shall remain in full force and effect, (ii)&#8239;the security created or purported
to be created by it under each Collateral Document to which it is party shall remain in full force and effect and shall continue to secure
the &ldquo;Secured Obligations&rdquo; as such term is defined in each of the French Security Documents and (iii)&#8239;the term &ldquo;Credit
Agreement&rdquo; as used in each Collateral Document to which it is party shall be a reference to the Amended Credit Agreement and as
further amended, restated, supplemental and modified from time to time, and notably by this Amendment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;After
giving effect to this Amendment, neither the modification of the Credit Agreement effected pursuant to this Amendment nor the execution,
delivery, performance or effectiveness of this Amendment:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&#8239;impairs
the validity, effectiveness or priority of the Liens granted pursuant to any Loan Document, and such Liens continue unimpaired with the
same priority applicable to such Liens immediately prior to giving effect to this Amendment to secure repayment of all Secured Obligations,
whether heretofore or hereafter incurred; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&#8239;requires
that any new filings required to be made under any Loan Document be made or other action required to be taken under any Loan Document
be taken to perfect or to maintain the perfection of such Liens, except (i)&#8239;for such filings and other actions as have otherwise
been made or taken on or prior to the Amendment No.&#8239;4 Effective Date and which remain in full force and effect on the Amendment
No.&#8239;4 Effective Date and (ii)&#8239;with respect to the formalities to be made with the relevant court registry regarding the shares
pledge agreement (<I>nantissement de parts sociales</I>) implemented over the shares of Fast Europe SARL.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Section&#8239;8. <B><U>Effect
of Agreement</U></B>. Except as expressly set forth herein, this Amendment (a)&#8239;shall not by implication or otherwise limit, impair,
constitute a waiver of or otherwise affect the rights and remedies of any party under the Credit Agreement or any other Loan Document,
and (b)&#8239;shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements
contained in the Credit Agreement or any other provision of either such agreement or any other Loan Document or be construed as a novation
thereof, or serve to effect a novation of the obligations outstanding under the Credit Agreement or instruments guaranteeing or securing
the same, which shall remain and continue in full force and effect. Each and every term, condition, obligation, covenant and agreement
contained in the Credit Agreement as amended hereby, or any other Loan Document as amended hereby, is hereby ratified and re-affirmed
in all respects and shall continue in full force and effect. This Amendment shall constitute a Loan Document for purposes of the Credit
Agreement and, from and after the Amendment No.&#8239;4 Effective Date, all references to the Credit Agreement in any Loan Document and
all references in the Credit Agreement to &ldquo;this Agreement&rdquo;, &ldquo;hereunder&rdquo;, &ldquo;hereof&rdquo; or words of like
import referring to the Credit Agreement, shall, unless expressly provided otherwise, refer to the Credit Agreement as amended and supplemented
by this Amendment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

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

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Section&#8239;9. <B><U>Post-Closing
Obligations</U></B>. Within 14 days following the Amendment No.&#8239;4 Effective Date (or such longer period as may be approved by the
Administrative Agent in its sole discretion), the Administrative Agent shall have received an insurance endorsement to the Zurich UK
International Property Damage and Business Interruption policy in form and substance reasonably satisfactory to the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Remainder of Page&#8239;Left Intentionally Blank]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">IN WITNESS WHEREOF, the parties
hereto have duly executed this Amendment as of the day and year first above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD COLSPAN="3" STYLE="font: bold 10pt Times New Roman, Times, Serif">FOSSIL GROUP, INC.,</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif">as a U.S. Borrower</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">/s/ Sunil M. Doshi</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%">Name:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 42%">Sunil M. Doshi</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Executive Vice President, Chief Financial Officer and Treasurer</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD COLSPAN="3" STYLE="font: bold 10pt Times New Roman, Times, Serif">FOSSIL PARTNERS, L.P.,</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif">as a U.S. Borrower</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">By:</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">Fossil Group,&#8239;Inc., its General Partner</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">/s/ Sunil M. Doshi</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%">Name:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 42%">Sunil M. Doshi</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Executive Vice President, Chief Financial Officer and Treasurer</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page&#8239;to Amendment No.&#8239;4]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

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

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD COLSPAN="3" STYLE="font: bold 10pt Times New Roman, Times, Serif">FOSSIL INTERMEDIATE, INC.,</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif">as a U.S. Guarantor</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">/s/ Randy S. Hyne</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%">Name:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 42%">Randy S. Hyne</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Secretary</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD COLSPAN="3" STYLE="font: bold 10pt Times New Roman, Times, Serif">FOSSIL STORES I, INC.,</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif">as a U.S. Guarantor</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">/s/ Randy S. Hyne</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Randy S. Hyne</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Secretary</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD COLSPAN="3" STYLE="font: bold 10pt Times New Roman, Times, Serif">FOSSIL TRUST,</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif">as a U.S. Guarantor</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">/s/ Randy S. Hyne</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Randy S. Hyne</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Secretary</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page&#8239;to Amendment No.&#8239;4]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><B>FOSSIL CANADA INC.,</B><BR> as a Canadian Borrower</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">/s/ Randy S. Hyne</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%">Name:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 42%">Randy S. Hyne</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Secretary</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page&#8239;to Amendment No.&#8239;4]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><B>FOSSIL (EUROPE) GMBH,</B><BR> as a German Borrower</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">/s/ Wolfgang Thoeren</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%">Name:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 42%">Wolfgang Thoeren</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Managing Director</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">/s/ Klaus Benz</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Klaus Benz</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Managing Director</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page&#8239;to
Amendment No.&#8239;4]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><B>FOSSIL ASIA PACIFIC LIMITED,</B><BR> as a Hong Kong Borrower</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">/s/ John O&rsquo;Brien</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%">Name:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 42%">John O&rsquo;Brien</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Director</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">/s/ Annemiek Ballesty</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Annemiek Ballesty</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Director</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page&#8239;to Amendment No.&#8239;4]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><B>FOSSIL GROUP EUROPE GMBH,</B><BR> as a Swiss Borrower</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">/s/ Antonio Nigro</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%">Name:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 42%">Antonio Nigro</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Chairman</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">/s/ Wolfgang Thoeren</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Wolfgang Thoeren</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Managing Director</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page&#8239;to Amendment No.&#8239;4]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><B>FOSSIL (UK) LIMITED,</B><BR> as the UK Borrower</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">/s/ Alan Panter</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%">Name:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 42%">Alan Panter</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Director</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">/s/ Antonio Nigro</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Antonio Nigro</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Director</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page&#8239;to Amendment No.&#8239;4]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%">&#8239;</TD>
    <TD STYLE="width: 50%; font: bold 10pt Times New Roman, Times, Serif">FOSSIL FRANCE S.A.S.,</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">as a French Borrower,</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">represented by Mr.&#8239;Christophe Bizot, its President (<I>Pr&eacute;sident</I>),
    itself represented by Mr.&#8239;Florian Stalder, under a Power of Attorney</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">/s/ Florian Stalder</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Florian Stalder</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page&#8239;to Amendment No.&#8239;4]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%">&#8239;</TD>
    <TD STYLE="width: 50%; font: bold 10pt Times New Roman, Times, Serif"><B>FOSSIL STORES FRANCE S.A.S.</B>,</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">as a French Guarantor,</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">represented by the company Fossil France, its President (<I>Pr&eacute;sident</I>),
    itself represented by Mr.&#8239;Florian Stalder, under a Power of Attorney</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">/s/ Florian Stalder</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Florian Stalder</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page&#8239;to Amendment No.&#8239;4]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%">&#8239;</TD>
    <TD STYLE="width: 50%; font: bold 10pt Times New Roman, Times, Serif"><B>FAST EUROPE SARL</B>,</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">as a French Guarantor,</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">represented by Sasha Lux, its co-manager (<I>Co-G&eacute;rant</I>), itself represented
    by Mr.&#8239;Florian Stalder, under a Power of Attorney</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">/s/ Florian Stalder</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Florian Stalder</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page&#8239;to Amendment No.&#8239;4]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><B>JPMORGAN CHASE BANK, N.A.,</B><BR> as Administrative Agent, Lender
    and an Issuing Bank</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">/s/ Elena Volkova</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%">Name:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 42%">Elena Volkova</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Authorized Officer</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page&#8239;to
Amendment No.&#8239;4]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase"><P STYLE="margin-top: 0; margin-bottom: 0"><B>J.P.
                                            Morgan SE,</B></P>
                                                                                <P STYLE="text-transform: lowercase; margin-top: 0; margin-bottom: 0">as
                                            a Lender</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">/s/ Matthew Sparkes</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%">Name:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 42%">Matthew Sparkes</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Authorized Officer</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">/s/ Nia Douglas</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Nia Douglas</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Executive Director</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page&#8239;to Amendment No.&#8239;4]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>SCHEDULE 2.01</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[On file with Administrative Agent.]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[On file with Administrative Agent.]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">1.</TD><TD STYLE="text-align: justify">Supplemental Security Agreement, by and
                                            between the French Loan Parties, the German Loan Parties, the Swiss Loan Parties and the
                                            Administrative Agent, relating to the UK Security Agreements entered into by the French Loan
                                            Parties, German Loan Parties and Swiss Loan Parties</TD></TR></TABLE>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: justify; width: 0.25in"></TD><TD STYLE="text-align: justify; width: 0.25in">2.</TD><TD STYLE="text-align: justify">Supplemental
                                            Security Agreement, by and between the UK Loan Parties and the Administrative Agent, relating
                                            to the UK Security Agreements entered into by the UK Loan Parties</TD></TR></TABLE>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: justify; width: 0.25in"></TD><TD STYLE="text-align: justify; width: 0.25in">3.</TD><TD STYLE="text-align: justify">German
                                            Junior-Ranking Account Pledge Agreement, by and between, among others, the German Borrower
                                            and the Administrative Agent</TD></TR></TABLE>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: justify; width: 0.25in"></TD><TD STYLE="text-align: justify; width: 0.25in">4.</TD><TD STYLE="text-align: justify">German
                                            Junior-Ranking Account Pledge Agreement, by and between, among others, the Swiss Borrower
                                            and the Administrative Agent</TD></TR></TABLE>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: justify; width: 0.25in"></TD><TD STYLE="text-align: justify; width: 0.25in">5.</TD><TD STYLE="text-align: justify">German
                                            Security Confirmation and Amendment Agreement, by and between the German Borrower, the Swiss
                                            Borrower and the Administrative Agent, relating to certain of the German Security Agreements</TD></TR></TABLE>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: justify; width: 0.25in"></TD><TD STYLE="text-align: justify; width: 0.25in">6.</TD><TD STYLE="text-align: justify">Hong
                                            Kong Security Confirmation Deed, by and between the Hong Kong Borrower and the Administrative
                                            Agent, relating to the Hong Kong Security Agreements</TD></TR></TABLE>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: justify; width: 0.25in"></TD><TD STYLE="text-align: justify; width: 0.25in">7.</TD><TD STYLE="text-align: justify">Swiss
                                            Security Confirmation Agreement, by and between the Swiss Borrower and the Administrative
                                            Agent, relating to the Swiss Security Agreements</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>Amended Credit Agreement</U></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[See attached].</P>

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

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

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

<P STYLE="border-bottom: Black 3pt double; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">CREDIT AGREEMENT<BR>
dated as of<BR>
September&nbsp;26, 2019,<BR>
as amended by the French Joinder and Amendment No.&nbsp;1 as of March&nbsp;11, 2020,<BR>
as amended by Amendment No.&nbsp;2 as of April&nbsp;24, 2020, <FONT STYLE="color: red"><STRIKE>and</STRIKE></FONT><BR>
as amended by Amendment No.&nbsp;3 as of November&nbsp;1, 2021<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>, and</U></FONT><BR>
<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>as amended by Amendment No.&nbsp;4 as of November&nbsp;7, 2022</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">among<BR>
FOSSIL GROUP,&nbsp;INC.,<BR>
as a U.S. Borrower and the Borrower Representative,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">FOSSIL PARTNERS, L.P.,<BR>
as a U.S. Borrower,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">certain Subsidiaries from time to time party hereto,<BR>
as Borrowers,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">the other Loan Parties from time to time party
hereto,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">the Lenders from time to time party hereto,</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">JPMORGAN CHASE BANK, N.A.,<BR>
<FONT STYLE="color: red"><STRIKE>CITIZENS BANK, N.A. and<BR>
</STRIKE></FONT>WELLS FARGO BANK, NATIONAL ASSOCIATION, <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>and<BR>
BANK OF AMERICA, N.A.</U></FONT><BR>
as Joint Bookrunners and Joint Lead Arrangers,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: red"><STRIKE>CITIZENS BANK,
N.A. and<BR>
</STRIKE></FONT>WELLS FARGO BANK, NATIONAL ASSOCIATION,<BR>
as <FONT STYLE="color: red"><STRIKE>Co-Syndication Agents</STRIKE></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>Syndication
Agent</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>BANK
OF AMERICA, N.A.,<BR>
as Documentation Agent</U></FONT></P>

<P STYLE="border-bottom: Black 3pt double; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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

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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Page</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">ARTICLE&nbsp;I</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Definitions</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;1.01</FONT></TD>
    <TD STYLE="width: 80%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Defined Terms</U></FONT></TD>
    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;1.02</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Classification of Loans and Borrowings</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>72</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>93</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;1.03</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Terms Generally</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>72</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>93</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;1.04</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>German Terms</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>72</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>94</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;1.05</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>French Terms</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>72</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>94</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;1.06</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Accounting Terms; GAAP</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>73</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>95</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;1.07</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Currency Matters</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>74</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>96</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;1.08</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Classification of Actions</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>74</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>96</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;1.09</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Interest Rates; </U><FONT STYLE="color: red"><U><STRIKE>LIBOR</STRIKE></U></FONT><FONT STYLE="color: blue"><U>Benchmark
    </U></FONT><U>Notifications</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>75</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>96</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">ARTICLE&nbsp;II</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">The
    Credits</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;2.01</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Revolving Commitments</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>75</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>97</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;2.02</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Loans and Borrowings</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>76</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>98</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;2.03</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Requests for Revolving Borrowings</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>77</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>99</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;2.04</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Protective Advances</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>78</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>100</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;2.05</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Swingline Loans and Overadvances</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>80</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>101</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;2.06</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Letters of Credit</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>83</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>104</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;2.07</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Funding of Borrowings</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>88</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>109</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;2.08</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Interest Elections</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>89</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>110</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;2.09</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Termination and Reduction of Revolving Commitments;
    Increase in Revolving Commitments</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>90</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>111</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;2.10</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Repayment of Loans; Evidence of Debt</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>92</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>113</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;2.11</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Prepayment of Loans</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>94</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>115</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;2.12</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Fees</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>94</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>116</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;2.13</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Interest</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>96</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>117</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;2.14</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Alternate Rate of Interest; Illegality</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>99</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>120</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;2.15</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Increased Costs</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>101</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>125</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;2.16</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Break Funding Payment</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>102</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>126</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;2.17</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Taxes</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>103</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>127</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;2.18</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Payments Generally; Allocation of Proceeds; Sharing
    of Setoffs</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>108</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>132</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;2.19</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Mitigation Obligations: Replacement of Lenders</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>110</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>134</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;2.20</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Defaulting Lenders</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>111</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>135</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;2.21</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Returned Payments</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>113</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>137</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">ARTICLE&nbsp;III</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Representations
    and Warranties</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;3.01</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Organization; Powers</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>113</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>137</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;3.02</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Authorization; Enforceability; Benefit to Loan Parties</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>113</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>137</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;3.03</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Governmental Approvals; No Conflicts</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>114</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>138</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;3.04</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Financial Condition; No Material Adverse Effect</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>114</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>138</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;3.05</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Properties</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>114</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>138</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;3.06</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Litigation and Environmental Matters</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>115</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>139</U></FONT></TD></TR>
</TABLE>

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



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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;3.07</FONT></TD>
    <TD STYLE="width: 80%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Compliance with Laws and Agreements</U></FONT></TD>
    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>115</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>139</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;3.08</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Investment Company Status,&nbsp;etc</U>.</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>115</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>139</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;3.09</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Taxes</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>115</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>140</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;3.10</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>ERISA; Labor Matters; Canadian Pension Plans and
    Canadian Benefit Plans</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>116</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>140</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;3.11</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Disclosure</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>117</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>141</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;3.12</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Subsidiaries and Joint Ventures</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>117</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>141</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;3.13</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Insurance</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>117</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>141</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;3.14</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Margin Regulations</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>118</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>142</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;3.15</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Solvency</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>118</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>142</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;3.16</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Collateral Matters</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>118</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>142</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;3.17</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Use of Proceeds</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>119</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>143</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;3.18</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Credit Card Agreements</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>119</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>143</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;3.19</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Plan Assets; Prohibited Transactions</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>119</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>143</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;3.20</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Borrowing Base Certificate</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>119</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>143</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;3.21</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Material Contracts</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>119</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>143</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;3.22</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Non-Hong Kong Company</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>119</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>143</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;3.23</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Centre of Main Interests and Establishments</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>119</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>143</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;3.24</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Compliance with the Swiss Non-Bank Rules</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>119</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>144</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">ARTICLE&nbsp;IV</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Conditions</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;4.01</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Effective Date</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>120</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>144</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;4.02</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Each Credit Event</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>122</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>146</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;4.03</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>French Effective Date</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>122</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>146</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">ARTICLE&nbsp;V</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Affirmative
    Covenants</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;5.01</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Financial Statements: Borrowing Base and Other Information</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>124</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>148</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;5.02</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Notices of Material Events</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>127</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>152</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;5.03</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Additional Subsidiaries</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>128</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>152</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;5.04</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Information Regarding Collateral</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>129</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>153</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;5.05</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Existence; Conduct of Business</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>129</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>153</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;5.06</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Payment of Obligations</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>129</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>153</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;5.07</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Maintenance of Properties</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>129</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>153</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;5.08</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Insurance</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>129</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>154</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;5.09</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Books and Records; Inspection Rights</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>129</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>154</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;5.10</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Compliance with Laws</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>130</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>154</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;5.11</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Use of Proceeds</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>130</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>155</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;5.12</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Appraisals</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>130</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>155</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;5.13</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Field Examinations</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>131</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>155</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;5.14</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Depository Banks</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>131</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>155</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;5.15</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Further Assurances</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>131</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>155</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;5.16</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Credit Card Agreements and Notifications</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>131</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>156</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;5.17</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Designation of Subsidiaries</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>131</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>156</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;5.18</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Deposit Accounts</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>132</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>156</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;5.19</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Dominion Period</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>133</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>157</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;5.20</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Notification of Account Debtors of the European
    Loan Parties, French Loan Parties and Hong Kong Loan Parties</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>133</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>158</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;5.21</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Financial Assistance</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>133</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>158</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;5.22</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>European Collateral, French Collateral and Hong
    Kong Collateral</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>133</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>158</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;5.23</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Centre of Main Interests and Establishments</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>134</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>158</U></FONT></TD></TR>
</TABLE>

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  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;5.24</FONT></TD>
    <TD STYLE="width: 80%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[<U>Reserved</U>]</FONT></TD>
    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>134</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>158</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;5.25</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Post-Closing Requirements</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>134</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>158</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;5.26</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Compliance with the Swiss Non-Bank Rules</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>134</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>158</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">ARTICLE&nbsp;VI</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Negative
    Covenants</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;6.01</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Indebtedness; Certain Equity Securities</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>134</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>159</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;6.02</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Liens</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>136</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>160</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;6.03</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Fundamental Changes; Business Activities</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>137</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>162</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;6.04</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Investments, Loans, Advances, Guarantees and Acquisitions</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>138</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>163</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;6.05</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Asset Sales</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>139</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>164</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;6.06</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Sale/Leaseback Transactions</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>141</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>166</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;6.07</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Swap Agreements</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>141</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>166</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;6.08</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Restricted Payments; Certain Payments of Indebtedness</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>141</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>166</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;6.09</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Transactions with Affiliates</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>142</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>167</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;6.10</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Restrictive Agreements</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>142</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>167</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;6.11</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Amendment of Other Documents</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>143</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>168</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;6.12</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Fixed Charge Coverage Ratio</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>143</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>168</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;6.13</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>[Reserved]</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>143</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>168</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;6.14</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Tax Residence</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>143</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>168</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;6.15</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Canadian Pension Plans</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>143</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>168</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">ARTICLE&nbsp;VII</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Events
    of Default</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">ARTICLE&nbsp;VIII</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">The
    Administrative Agent</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;8.01</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Authorization and Action</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>147</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>171</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;8.02</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Administrative Agent&rsquo;s Reliance,&nbsp;Indemnification,
    Etc</U>.</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>149</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>174</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;8.03</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Reliance</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>150</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>175</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;8.04</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Successor Administrative Agent</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>150</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>175</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;8.05</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Acknowledgements of Lenders and Issuing Bank</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>151</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>176</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;8.06</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Collateral Matters</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>152</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>177</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;8.07</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Credit Bidding</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>152</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>178</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;8.08</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Certain ERISA Matters</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>153</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>179</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;8.09</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>UK Security Agreements</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>154</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>179</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;8.10</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>German Security Agreements</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>154</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>180</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;8.11</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Swiss Security Agreements</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>156</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>182</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;8.12</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>French Security Agreements</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>156</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>182</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">ARTICLE&nbsp;IX</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Miscellaneous</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;9.01</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Notices</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>157</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>183</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;9.02</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Waivers; Amendments</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>159</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>185</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;9.03</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Expenses; Indemnity; Damage Waiver</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>162</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>188</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;9.04</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Successors and Assigns</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>163</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>189</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;9.05</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Survival</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>166</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>192</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;9.06</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Counterparts; Integration; Effectiveness</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>167</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>193</U></FONT></TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;9.07</FONT></TD>
    <TD STYLE="width: 80%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Severability</U></FONT></TD>
    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>167</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>193</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;9.08</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Right of Setoff</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>167</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>193</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;9.09</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Governing Law: Jurisdiction; Consent to Service
    of Process</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>168</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>194</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;9.10</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>WAIVER OF JURY TRIAL</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>169</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>195</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;9.11</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Headings</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>169</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>195</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;9.12</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Confidentiality</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>169</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>195</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;9.13</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Several Obligations; Nonreliance; Violation of Law</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>170</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>196</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;9.14</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>USA PATRIOT Act</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>170</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>196</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;9.15</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Appointment for Perfection</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>170</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>196</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;9.16</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Interest Rate Limitation</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>170</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>196</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;9.17</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>No Fiduciary Relationship</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>170</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>196</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;9.18</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Intercreditor Agreement</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>171</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>197</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;9.19</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Lender Loss Sharing Agreement</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>171</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>198</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;9.20</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Anti-Money Laundering Legislation</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>173</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>199</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;9.21</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>&ldquo;Know Your Customer&rdquo; Checks</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>173</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>200</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;9.22</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Judgment Currency</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>174</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>200</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;9.23</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Waiver of Immunity</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>174</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>200</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;9.24</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Limitations of Enforcement against German Loan Parties</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>174</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>201</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;9.25</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Acknowledgement and Consent to Bail-In of </U><FONT STYLE="color: red"><U><STRIKE>EEA</STRIKE></U></FONT><FONT STYLE="color: blue"><U>Affected
    </U></FONT><U>Financial Institutions</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>176</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>202</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;9.26</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Acknowledgement Regarding Any Supported QFCs</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>177</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>203</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;9.27</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Data Protection Laws</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>177</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>203</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">ARTICLE&nbsp;X</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">U.S.
    Loan Guarantee</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;10.01</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Guarantee</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>177</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>204</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;10.02</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Guarantee of Payment</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>177</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>204</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;10.03</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>No Discharge or Diminishment of U.S. Guarantee</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>178</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>204</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;10.04</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Defenses Waived</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>178</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>205</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;10.05</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Rights of Subrogation</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>178</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>205</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;10.06</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Reinstatement; Stay of Acceleration</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>179</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>205</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;10.07</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Information</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>179</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>205</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;10.08</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Taxes</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>179</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>205</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;10.09</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Maximum U.S. Liability</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>179</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>206</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;10.10</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Contribution</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>179</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>206</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;10.11</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Liability Cumulative</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>180</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>206</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;10.12</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Benefit to U.S. Guarantors</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>180</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>206</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">ARTICLE&nbsp;XI</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Canadian
    Loan Guaranty</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;11.01</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Guarantee</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>180</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>207</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;11.02</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Guarantee of Payment</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>180</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>207</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;11.03</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>No Discharge or Diminishment of Canadian Guarantee</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>181</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>207</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;11.04</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Defenses Waived</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>181</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>208</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;11.05</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Rights of Subrogation</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>182</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>208</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;11.06</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Reinstatement; Stay of Acceleration</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>182</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>208</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;11.07</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Information</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>182</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>208</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;11.08</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Maximum Canadian Liability</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>182</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>209</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;11.09</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Contribution</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>182</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>209</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;11.10</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Liability Cumulative</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>183</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>209</U></FONT></TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">ARTICLE&nbsp;XII</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">French
    Loan Guaranty</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;12.01</FONT></TD>
    <TD STYLE="width: 80%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Guarantee</U></FONT></TD>
    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>183</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>210</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;12.02</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Guarantee of Payment</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>183</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>210</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;12.03</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>No Discharge or Diminishment of French Guarantee</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>184</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>210</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;12.04</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Defenses Waived</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>184</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>211</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;12.05</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Rights of Subrogation</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>185</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>211</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;12.06</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Reinstatement; Stay of Acceleration</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>185</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>211</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;12.07</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Information</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>185</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>212</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;12.08</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Maximum French Liability</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>185</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>212</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;12.09</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>French Guarantee Limitations</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>186</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>212</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;12.10</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Contribution</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>186</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>213</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;12.11</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Liability Cumulative</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>187</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>213</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">ARTICLE&nbsp;XIII</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">German
    Loan Guaranty</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;13.01</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Guarantee</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>187</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>214</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;13.02</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Guarantee of Payment</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>187</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>214</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;13.03</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>No Discharge or Diminishment of German Guarantee</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>188</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>214</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;13.04</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Defenses Waived</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>188</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>215</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;13.05</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Rights of Subrogation</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>189</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>215</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;13.06</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Reinstatement; Stay of Acceleration</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>189</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>215</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;13.07</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Information</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>189</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>215</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;13.08</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Maximum German Liability</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>189</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>216</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;13.09</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Contribution</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>189</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>216</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;13.10</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Liability Cumulative</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>190</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>216</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">ARTICLE&nbsp;XIV</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Hong
    Kong Loan Guaranty</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;14.01</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Guarantee</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>190</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>217</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;14.02</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Guarantee of Payment</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>190</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>217</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;14.03</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>No Discharge or Diminishment of Hong Kong Guarantee</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>191</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>217</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;14.04</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Defenses Waived</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>191</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>218</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;14.05</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Rights of Subrogation</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>192</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>218</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;14.06</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Reinstatement; Stay of Acceleration</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>192</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>218</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;14.07</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Information</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>192</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>219</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;14.08</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Maximum Hong Kong Liability</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>192</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>219</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;14.09</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Contribution</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>192</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>219</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;14.10</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Liability Cumulative</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>193</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>219</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">ARTICLE&nbsp;XV</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Swiss
    Loan Guaranty</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;15.01</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Guarantee</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>193</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>220</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;15.02</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Guarantee of Payment</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>193</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>220</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;15.03</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>No Discharge or Diminishment of Swiss Guarantee</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>194</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>220</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;15.04</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Defenses Waived</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>194</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>221</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;15.05</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Rights of Subrogation</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>195</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>221</U></FONT></TD></TR>
</TABLE>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;15.06</FONT></TD>
    <TD STYLE="width: 80%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Reinstatement; Stay of Acceleration</U></FONT></TD>
    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>195</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>221</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;15.07</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Information</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>195</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>222</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;15.08</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Maximum Swiss Liability</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>195</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>222</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;15.09</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Contribution</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>195</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>222</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;15.10</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Liability Cumulative</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>196</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>223</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;15.11</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Swiss Limitation</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>196</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>223</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">ARTICLE&nbsp;XVI</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">UK
    Loan Guaranty</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;16.01</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Guarantee</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>198</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>225</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;16.02</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Guarantee of Payment</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>198</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>225</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;16.03</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>No Discharge or Diminishment of UK Guarantee</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>199</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>225</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;16.04</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Defenses Waived</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>199</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>226</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;16.05</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Rights of Subrogation</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>199</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>226</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;16.06</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Reinstatement; Stay of Acceleration</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>200</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>226</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;16.07</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Information</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>200</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>226</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;16.08</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Maximum UK Liability</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>200</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>227</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;16.09</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Contribution</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>200</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>227</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;16.10</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Liability Cumulative</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>201</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>227</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">ARTICLE&nbsp;XVII</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">The
    Borrower Representative</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;17.01</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Appointment; Nature of Relationship</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>201</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>228</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;17.02</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Powers</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>201</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>228</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;17.03</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Employment of Agents</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>201</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>228</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;17.04</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Notices</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>201</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>228</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;17.05</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Successor Borrower Representative</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>201</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>228</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;17.06</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Execution of Loan Documents; Borrowing Base Certificate</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>201</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>228</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION&nbsp;17.07</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Reporting</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>202</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>228</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>SCHEDULES</U>:</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 1.01</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Existing Letters of Credit</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 2.01</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Revolving Commitments and LC Commitments</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 3.10</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Canadian Pension Plans</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 3.12</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Subsidiaries and Joint Ventures</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 3.13</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Insurance</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 3.18</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Credit Card Agreements</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 5.25</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Post-Closing Requirements</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 6.01</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Existing Indebtedness</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 6.02</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Existing Liens</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 6.04</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Existing Investments</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 6.09</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Transactions with Affiliates</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 6.10</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Existing Restrictions</FONT></TD></TR>
  </TABLE>

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

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

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: left">Exhibit&nbsp;A</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%; text-align: center">&mdash;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 85%; text-align: left">Form&nbsp;of Assignment and Assumption</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Exhibit&nbsp;B</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&mdash;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Form&nbsp;of Borrowing Base Certificate</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Exhibit&nbsp;C</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&mdash;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Form&nbsp;of Borrowing Request</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Exhibit&nbsp;D</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&mdash;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Form&nbsp;of Compliance Certificate</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Exhibit&nbsp;E</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&mdash;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Form&nbsp;of Intercreditor Agreement</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Exhibit&nbsp;F</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&mdash;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Form&nbsp;of Interest Election Request</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Exhibit&nbsp;G</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&mdash;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">[Reserved]</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Exhibit&nbsp;H</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&mdash;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Form&nbsp;of Joinder Agreement</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Exhibit&nbsp;I-1</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&mdash;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Form&nbsp;of U.S. Tax Certificate for Non-U.S. Lenders that are not Partnerships for U.S. Federal Income Tax Purposes</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Exhibit&nbsp;I-2</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&mdash;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Form&nbsp;of U.S. Tax Certificate for Non-U.S. Lenders that are Partnerships for U.S. Federal Income Tax Purposes</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Exhibit&nbsp;I-3</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&mdash;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Form&nbsp;of U.S. Tax Certificate for Non-U.S. Participants that are not Partnerships for U.S. Federal Income Tax Purposes</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Exhibit&nbsp;I-4</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&mdash;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Form&nbsp;of U.S. Tax Certificate for Non-U.S. Participants that are Partnerships for U.S. Federal Income Tax Purposes</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Exhibit&nbsp;J</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&mdash;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Form&nbsp;of Solvency Certificate</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Exhibit&nbsp;K</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&mdash;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Form&nbsp;of Perfection Certificate</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Exhibit&nbsp;L</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&mdash;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Form&nbsp;of French Joinder</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Exhibit&nbsp;M</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&mdash;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Form&nbsp;of Intercompany Subordination Agreement</TD></TR>
  </TABLE>


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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">CREDIT AGREEMENT, dated as of September&nbsp;26, 2019, among FOSSIL
GROUP,&nbsp;INC., a Delaware corporation (the &ldquo;<U>Company</U>&rdquo;), FOSSIL PARTNERS, L.P., a Texas limited partnership (&ldquo;<U>Fossil
Partners</U>&rdquo;), each of the other U.S. Subsidiary Borrowers from time to time party hereto (together with the Company, the &ldquo;<U>U.S.
Borrowers</U>&rdquo;), FOSSIL GROUP EUROPE GMBH, a limited liability company organized under the law of Switzerland (&ldquo;<U>Fossil
Switzerland</U>&rdquo;), FOSSIL ASIA PACIFIC LIMITED, a private limited liability company organized under the laws of Hong Kong (&ldquo;<U>Fossil
Asia</U>&rdquo;), FOSSIL (EUROPE) GMBH, a limited liability company organized under the laws of Germany (&ldquo;<U>Fossil Germany</U>&rdquo;),
FOSSIL (UK) LIMITED, a private limited liability company organized under the laws of England and Wales (the &ldquo;<U>Fossil UK</U>&rdquo;)
and FOSSIL CANADA INC., a corporation organized under the laws of New Brunswick (&ldquo;<U>Fossil Canada</U>&rdquo; and, together with
the U.S. Borrowers, Fossil Switzerland, Fossil Asia, Fossil Germany, Fossil UK, and any other Subsidiary designated as a Borrower pursuant
to the terms of this Agreement, the &ldquo;<U>Borrowers</U>,&rdquo; and each individually, a &ldquo;<U>Borrower</U>&rdquo;), the Guarantors
from time to time party hereto, the Lenders from time to time party hereto, JPMORGAN CHASE BANK, N.A., as Administrative Agent and as
French Collateral Agent.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>R E C I T A L S</U>:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">WHEREAS, the Lenders have agreed to extend certain U.S. and non-U.S.
credit facilities to the U.S. Borrowers and certain non-U.S. credit facilities to the other Borrowers consisting of $<FONT STYLE="color: red"><STRIKE>275,000,000</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>225,000,000</U></FONT>
in an aggregate principal amount of Revolving Commitments.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NOW, THEREFORE, the parties hereto hereby agree as follows:</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;1.01&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Defined
Terms</U><FONT STYLE="background-color: white">. As used in this Agreement, the following terms have the meanings specified below:</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;2026
Notes&rdquo; means the Company&rsquo;s 7.00% Senior Notes due 2026.</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;ABL
Priority Collateral&rdquo; has the meaning set forth in the Intercreditor Agreement.</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>ABR</U>,&rdquo; when used in reference to (a)&nbsp;a rate
of interest, refers to the Alternate Base Rate, and (b)&nbsp;any Loan or Borrowing, refers to whether such Loan, or the Loans comprising
such Borrowing, bear interest at a rate determined by reference to the Alternate Base Rate.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Account</U>&rdquo; means &ldquo;accounts&rdquo; as defined
in the UCC.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Account Debtor</U>&rdquo; means any Person obligated on an
Account.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Acquired Entity or Business</U>&rdquo; shall mean either
(x)&nbsp;the assets constituting a business, division, product line, manufacturing facility or distribution facility of any Person not
already a Subsidiary of the Company, which assets shall, as a result of the respective acquisition, become assets of the Company or a
Restricted Subsidiary of the Company (or assets of a Person who shall be merged or amalgamated with and into the Company or a Restricted
Subsidiary of the Company) or (y)&nbsp;a majority of the Equity Interests of any such Person, which Person shall, as a result of the respective
acquisition, become a Restricted Subsidiary of the Company (or shall be merged or amalgamated with and into the Company or a Restricted
Subsidiary of the Company).</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Adjusted
Daily Simple SOFR&rdquo; means an interest rate per annum equal to (a)&nbsp;the Daily Simple SOFR, plus (b)&nbsp;0.10%; provided that
if the Adjusted Daily Simple SOFR as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for
the purposes of this Agreement.</U></FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Adjusted </U><FONT STYLE="color: red"><U><STRIKE>LIBO</STRIKE></U></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term
SOFR</U></FONT><U> Rate</U>&rdquo; means, with respect to any Term Benchmark Borrowing denominated in Dollars for any Interest Period,
an interest rate per annum equal to (a)&nbsp;the <FONT STYLE="color: red"><STRIKE>LIBO</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term
SOFR</U></FONT> Rate for such Interest Period <FONT STYLE="color: red"><I><STRIKE>multiplied by</STRIKE></I><STRIKE> (b)&nbsp;the Statutory
Reserve Rate</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><I><U>plus </U></I><U>(b)&nbsp;0.10%; provided that
if the Adjusted Term SOFR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the
purposes of this Agreement</U></FONT>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Administrative Agent</U>&rdquo; means JPMCB, in its capacity
as administrative agent, security trustee, collateral agent and French Collateral Agent for the Lenders hereunder and under the other
Loan Documents, or as applicable, such branches or affiliates of JPMCB as it shall from time to time designate for the purpose of performing
its obligations hereunder and under the other Loan Documents in such capacities, and in each case such person&rsquo;s successors in such
capacities as provided in Article&nbsp;VIII.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Affected
Financial Institution&rdquo; means (a)&nbsp;any EEA Financial Institution or (b)&nbsp;any UK Financial Institution.</U></FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Agent Indemnitee</U>&rdquo; has the meaning assigned to it
in Section&nbsp;9.03(c).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Agents</U>&rdquo; means, individually and collectively as
the context may require, the Administrative Agent, the Arrangers<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>, the Syndication
Agent</U></FONT> and the <FONT STYLE="color: red"><STRIKE>Co-Syndication Agents</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Documentation
Agent</U></FONT>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Aggregate Borrowing Base</U>&rdquo; means (i)&nbsp;the U.S.
Borrowing Base <I>plus</I> (ii)&nbsp;the Canadian Borrowing Base <I>plus</I> (iii)&nbsp;each French Borrowing Base <I>plus</I> (iv)&nbsp;each
German Borrowing Base <I>plus</I> (v)&nbsp;the Hong Kong Borrowing Base <I>plus</I> (vi)&nbsp;each Swiss Borrowing Base <I>plus</I> (vii)&nbsp;the
UK Borrowing Base; <U>provided</U> that not more than 60% of the Aggregate Borrowing Base shall consist of the Borrowing Bases referenced
in the foregoing clause (i)&nbsp;(solely with respect to Eligible Finished Goods Inventory located in Germany, Hong Kong and Singapore)
and the foregoing clauses (ii)&nbsp;through (vii)&nbsp;in the aggregate.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Agreement</U>&rdquo; means this Credit Agreement, as modified,
amended or restated from time to time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Alternate Base Rate</U>&rdquo; means, for any day, a rate
per annum equal to the greatest of (a)&nbsp;the Prime Rate in effect on such day, (b)&nbsp;the NYFRB Rate in effect on such day plus &frac12;
of 1% and (c)&nbsp;the Adjusted <FONT STYLE="color: red"><STRIKE>LIBO</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term
SOFR</U></FONT> Rate for a one month Interest Period <FONT STYLE="color: red"><STRIKE>on</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>as
published two U.S. Government Securities Business Days prior to</U></FONT> such day (or if such day is not a <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>U.S.
Government Securities </U></FONT>Business Day, the immediately preceding <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>U.S.
Government Securities </U></FONT>Business Day) plus 1%; provided that for the purpose of this definition, the Adjusted <FONT STYLE="color: red"><STRIKE>LIBO</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term
SOFR</U></FONT> Rate for any day shall be based on the <FONT STYLE="color: red"><STRIKE>LIBO Screen Rate (or if the LIBO Screen Rate is
not available for such one month Interest Period, the applicable Interpolated Rate)</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term
SOFR Reference Rate</U></FONT> at approximately <FONT STYLE="color: red"><STRIKE>11:00 a.m.&nbsp;London</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>5:00
a.m.&nbsp;Chicago</U></FONT> time on such day <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(or any amended publication time
for the Term SOFR Reference Rate, as specified by the Term SOFR Administrator in the Term SOFR Reference Rate methodology)</U></FONT>.
Any change in the Alternate Base Rate due to a change in the Prime Rate, the NYFRB Rate or the Adjusted <FONT STYLE="color: red"><STRIKE>LIBO</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term
SOFR</U></FONT> Rate shall be effective from and including the effective date of such change in the Prime Rate, the NYFRB Rate or the
Adjusted <FONT STYLE="color: red"><STRIKE>LIBO</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term SOFR</U></FONT>
Rate, respectively. If the Alternate Base Rate is being used as an alternate rate of interest pursuant to &lrm;Section&nbsp;2.14 <FONT STYLE="color: red"><STRIKE>hereof</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(for
the avoidance of doubt, only until the Benchmark Replacement has been determined pursuant to &lrm;Section&nbsp;2.14(b))</U></FONT>, then
the Alternate Base Rate shall be the greater of clauses (a)&nbsp;and (b)&nbsp;above and shall be determined without reference to clause
(c)&nbsp;above. For the avoidance of doubt, if the Alternate Base Rate as determined pursuant to the foregoing would be less than 1.00%,
such rate shall be deemed to be 1.00% for purposes of this Agreement.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Alternate Rate</U>&rdquo; means, for any day, the sum of
(i)&nbsp;a rate per annum selected by the Administrative Agent, in its reasonable discretion based on market conditions and in no event
greater than the rate per annum generally charged by the Administrative Agent to similarly situated borrowers in similar circumstances
at such time, reflecting the cost to the Lenders under the applicable Facility of obtaining funds, <I>plus</I> (ii)&nbsp;the Applicable
Rate for <FONT STYLE="color: red"><STRIKE>LIBO</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term SOFR</U></FONT>
Rate Loans; <U>provided</U>, that if any the above rates shall be less than zero, such rate shall be deemed to be zero for purposes of
this Agreement. When used in reference to any Loan or Borrowing, &ldquo;Alternate Rate&rdquo; refers to whether such Loan, or the Loans
comprising such Borrowing are bearing interest at a rate determined by reference to the Alternate Rate.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Alternative Currency</U>&rdquo; means, (i)&nbsp;with respect
to the Canadian Facility, Canadian Dollars, (ii)&nbsp;with respect to the French Facility, Euros, (iii)&nbsp;with respect to the Hong
Kong Facility, Hong Kong Dollars, (iv)&nbsp;with respect to the European Facility, Euros and Pounds Sterling and (v)&nbsp;with respect
to Letters of Credit issued hereunder, Canadian Dollars, Euros, Hong Kong Dollars, and Pounds Sterling.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Amendment
No.&nbsp;1&rdquo; shall mean French Joinder and Amendment No.&nbsp;1 to this Agreement, dated as of March&nbsp;11, 2020.</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Amendment
No.&nbsp;2&rdquo; shall mean Amendment No.&nbsp;2 to this Agreement, dated as of April&nbsp;24, 2020.</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Amendment
No.&nbsp;3&rdquo; shall mean Amendment No.&nbsp;3 to this Agreement, dated as of November&nbsp;1, 2021.</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Amendment
No.&nbsp;4&rdquo; shall mean Amendment No.&nbsp;4 to this Agreement, dated as of November&nbsp;7, 2022.</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Amendment
No.&nbsp;4 Effective Date&rdquo; shall have the meaning set forth in Amendment No.&nbsp;4.</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>AML Legislation</U>&rdquo; has the meaning set forth in Section&nbsp;9.20.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Anti-Corruption Laws</U>&rdquo; means all laws, rules&nbsp;and
regulations of any jurisdiction applicable to the Borrowers or their respective Affiliates from time to time concerning or relating to
bribery, anti-money laundering or corruption.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Applicable Commitment Fee Rate</U>&rdquo; the applicable
rate per annum set forth in the grid below, based upon the Average Availability:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 85%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 19%; border: Black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-variant: small-caps; color: red"><B><STRIKE>Level</STRIKE></B></FONT><B><FONT STYLE="font-variant: small-caps; border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Category</U></FONT></B></TD>
    <TD STYLE="width: 38%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Average<BR>
Availability</B></FONT></TD>
    <TD STYLE="width: 43%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Applicable<BR>
Commitment Fee Rate</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: center">I</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: center">&ge; 50% of the Line Cap</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: center">0.375%</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: center">II</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: center">&lt; 50% of the Line Cap</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: center">0.250%</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">For purposes of the foregoing, the Applicable Commitment Fee Rate shall
be determined (a)&nbsp;from and after the Effective Date and until any change thereto pursuant to clause (b)&nbsp;below, by reference
to Category I in the table above and (b)&nbsp;as of the end of each Fiscal Quarter of the Company beginning with the first Fiscal Quarter
ending after the date that is six months after the Effective Date, based upon the Borrowing Base Certificate that is delivered from time
to time pursuant to Section&nbsp;5.01(f)&nbsp;as of the last day of such Fiscal Quarter, with any changes to the Applicable Commitment
Fee Rate resulting from a change in Average Availability to be effective on the first day of the first Fiscal Month following delivery
of such Borrowing Base Certificate. Notwithstanding the foregoing provisions of this definition, if the Borrowers shall fail to deliver
any Borrowing Base Certificate as of the last day of any Fiscal Quarter of the Company by the time required under Section&nbsp;5.01(f),
then the Applicable Commitment Fee Rate shall be determined by reference to Category I in the table above from and including the day next
following the date on which such Borrowing Base Certificate shall have been due to but excluding the sixth day after the date on which
such Borrowing Base Certificate shall have been delivered.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Applicable Parties</U>&rdquo; has the meaning assigned to
it in Section&nbsp;9.01(f).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Applicable Percentage</U>&rdquo; means, for any Revolving
Lender:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(a)&nbsp;&nbsp;with
respect to payments, computations and other matters relating to the U.S. Commitments or U.S. Revolving Loans, LC Exposure, U.S. Protective
Advances or U.S. Overadvances, a percentage equal to a fraction (i)&nbsp;the numerator of which is the U.S. Commitment of such Revolving
Lender and (ii)&nbsp;the denominator of which is the aggregate U.S. Commitments of all the U.S. Revolving Lenders (or, if the aggregate
U.S. Commitments have terminated or expired, the Applicable Percentage shall be determined based upon such Revolving Lender&rsquo;s share
of the aggregate U.S. Revolving Exposure);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(b)&nbsp;&nbsp;with
respect to payments, computations and other matters relating to the Canadian Commitment or Canadian Revolving Loans, Canadian Protective
Advances or Canadian Overadvances, a percentage equal to a fraction (i)&nbsp;the numerator of which is the Canadian Commitment of such
Revolving Lender and (ii)&nbsp;the denominator of which is the aggregate Canadian Commitments of all the Canadian Revolving Lenders (or,
if the aggregate Canadian Commitments have terminated or expired, the Applicable Percentage shall be determined based upon such Revolving
Lender&rsquo;s share of the aggregate Canadian Revolving Exposure);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(c)&nbsp;&nbsp;with
respect to payments, computations and other matters relating to the French Commitment or French Revolving Loans, French Protective Advances,
French Overadvances or French Swingline Loans, a percentage equal to a fraction (i)&nbsp;the numerator of which is the French Commitment
of such Revolving Lender and (ii)&nbsp;the denominator of which is the aggregate French Commitments of all the French Revolving Lenders
(or, if the aggregate French Commitments have terminated or expired, the Applicable Percentage shall be determined based upon such Revolving
Lender&rsquo;s share of the aggregate French Revolving Exposure);</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(d)&nbsp;&nbsp;with
respect to payments, computations and other matters relating to the European Commitment or European Revolving Loans, European Protective
Advances, European Overadvances or European Swingline Loans, a percentage equal to a fraction (i)&nbsp;the numerator of which is the European
Commitment of such Revolving Lender and (ii)&nbsp;the denominator of which is the aggregate European Commitments of all the European Revolving
Lenders (or, if the aggregate European Commitments have terminated or expired, the Applicable Percentage shall be determined based upon
such Revolving Lender&rsquo;s share of the aggregate European Revolving Exposure);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(e)&nbsp;&nbsp;with
respect to payments, computations and other matters relating to the Hong Kong Commitment or Hong Kong Revolving Loans, Hong Kong Protective
Advances or Hong Kong Overadvances, a percentage equal to a fraction (i)&nbsp;the numerator of which is the Hong Kong Commitment of such
Revolving Lender and (ii)&nbsp;the denominator of which is the aggregate Hong Kong Commitments of all the Hong Kong Revolving Lenders
(or, if the aggregate Hong Kong Commitments have terminated or expired, the Applicable Percentage shall be determined based upon such
Revolving Lender&rsquo;s share of the aggregate Hong Kong Revolving Exposure); and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(f)&nbsp;&nbsp;&nbsp;with
respect to payments, computations and other matters relating to the Revolving Commitments generally, a percentage equal to a fraction,
the numerator of which is (i)&nbsp;the aggregate Revolving Commitment of such Revolving Lender and (ii)&nbsp;the denominator of which
is the aggregate Revolving Commitments of all the Revolving Lenders (or, if the aggregate Revolving Commitments have terminated or expired,
the Applicable Percentage shall be determined based upon such Revolving Lender&rsquo;s share of the aggregate Revolving Exposure);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>provided</U> that for purposes of Section&nbsp;2.20 when a Defaulting
Lender shall exist, any such Defaulting Lender&rsquo;s Revolving Commitments shall be disregarded in the calculations set forth above.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Applicable Rate</U>&rdquo; means, for any day, with respect
to any Loan, as the case may be, the applicable rate per annum set forth in the pricing grid below under the caption &ldquo;Adjusted <FONT STYLE="color: red"><STRIKE>LIBO
Rate/LIBO</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term SOFR</U></FONT> Rate/Overnight Rate/Adjusted
EURIBOR Rate/CDOR Rate/HIBOR Rate Loans/<FONT STYLE="font-variant: small-caps">RFR L</FONT>oans&rdquo; or &ldquo;ABR/Canadian Prime Rate
Loans,&rdquo; as the case may be, based upon the Average Availability for the most recent Fiscal Quarter of the Company:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 8%; border: Black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-variant: small-caps; color: red"><STRIKE>Level</STRIKE></FONT><FONT STYLE="font-variant: small-caps; border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Category</U></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 32%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-variant: small-caps">Average
    Availability</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 30%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-variant: small-caps">Adjusted <FONT STYLE="color: red"><STRIKE>LIBO<BR>
Rate/LIBO</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term SOFR</U></FONT><BR>
Rate/Overnight<BR>
Rate/Adjusted EURIBOR<BR>
Rate/ CDOR Rate/HIBOR<BR>
Rate/RFR Loans</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 30%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-variant: small-caps">ABR/Canadian Prime Rate<BR>
Loans</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: center">I</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: center">&gt; 66.666% of the Line Cap</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: center">1.25%</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: center">0.25%</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: center">II</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: center">&le; 66.666% of the Line Cap<BR>
but &ge; 33.333% of the Line Cap</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: center">1.50%</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: center">0.50%</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: center">III</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: center">&lt; 33.333% of the Line Cap</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: center">1.75%</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: center">0.75%</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">For purposes of the foregoing, the Applicable Rate shall be determined
(a)&nbsp;initially and until the date that is six months after the Effective Date, by reference to Category II in the table above and
(b)&nbsp;thereafter, based upon the Borrowing Base Certificate that is delivered from time to time pursuant to Section&nbsp;5.01(f)&nbsp;as
of the last day of such Fiscal Quarter, with any changes to the Applicable Rate resulting from a change in Average Availability to be
effective on the first day of the first Fiscal Month following delivery of such Borrowing Base Certificate. Notwithstanding the foregoing
provisions of this definition, if the Borrowers shall fail to deliver any Borrowing Base Certificate as of the last day of any Fiscal
Quarter of the Company by the time required under Section&nbsp;5.01(f), then the Applicable Rate shall be determined by reference to Category
III in the table above from and including the day next following the date on which such Borrowing Base Certificate shall have been due
to but excluding the sixth day after the date on which such Borrowing Base Certificate shall have been delivered.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Applicable Share</U>&rdquo; has the meaning set forth in
Section&nbsp;10.10.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Applicable Time</U>&rdquo; means, with respect to any borrowings
and payments in any Alternative Currency, the local time in the place of settlement for such Alternative Currency as may be determined
by the Administrative Agent or the applicable Issuing Bank, as the case may be, to be necessary for timely settlement on the relevant
date in accordance with normal banking procedures in the place of payment and, in the case of borrowing requests and payments by Borrowers,
notified in writing to the Borrower Representative.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Approved Electronic Platform</U>&rdquo; has the meaning set
forth in <U>Section&nbsp;9.01(d).</U></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Approved Fund</U>&rdquo; means any Person (other than a natural
person) that is engaged in making, purchasing, holding or investing in commercial loans and similar extensions of credit in the ordinary
course of its activities and that is administered or managed by (a)&nbsp;a Lender, (b)&nbsp;an Affiliate of a Lender or (c)&nbsp;an entity
or an Affiliate of an entity that administers or manages a Lender; <U>provided</U> that, if such Person is not a French Authorized Lender,
such Person shall not be required to extend any French Revolving Loan to the French Borrowers and any transfer of the French Commitment
thereto shall not occur in France.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Arrangers</U>&rdquo; means<FONT STYLE="color: red"><STRIKE>,
</STRIKE></FONT> JPMCB, <FONT STYLE="color: red"><STRIKE>Citizens Bank, N.A. and </STRIKE></FONT>Wells Fargo Bank, National Association
<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>and Bank of America, N.A.</U></FONT>, in each case in their capacities as joint
bookrunners and joint lead arrangers for the credit facility established hereby.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Assignment and Assumption</U>&rdquo; means an assignment
and assumption agreement entered into by a Lender and an assignee (with the consent of any party whose consent is required by <U>Section&nbsp;9.04</U>),
and accepted by the Administrative Agent, in the form of <U>Exhibit&nbsp;A</U> or any other form (including electronic records generated
by the use of an Approved Electronic Platform) approved by the Administrative Agent, which shall, in the case of any assignment of Commitments
or Loans under the French Facility, (i)&nbsp;specify whether the assignee is incorporated, domiciled, established or acting through an
office in a Non-Cooperative Jurisdiction and (ii)&nbsp;include a representation by the proposed assignee that it is a French Authorized
Lender.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Auditor&rsquo;s Determination</U>&rdquo; has the meaning
set forth in Section&nbsp;9.24(c).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Availability</U>&rdquo; means, at any time, an amount equal
to (a)&nbsp;the Line Cap at such time <I>minus</I> (b)&nbsp;the total Credit Exposure of all Lenders at such time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Availability Period</U>&rdquo; means the period from and
including the Effective Date to but excluding the earlier of the Maturity Date and the date of termination of the aggregate Revolving
Commitments; <U>provided</U> that the French Revolving Loans and French Swingline Loans shall not be available to the French Borrowers
until the French Effective Date.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Available
Tenor&rdquo; means, as of any date of determination and with respect to the then-current Benchmark for any Agreed Currency, as applicable,
any tenor for such Benchmark (or component thereof) or payment period for interest calculated with reference to such Benchmark (or component
thereof), as applicable, that is or may be used for determining the length of an Interest Period for any term rate or otherwise, for determining
any frequency of making payments of interest calculated pursuant to this Agreement as of such date and not including, for the avoidance
of doubt, any tenor for such Benchmark that is then-removed from the definition of &ldquo;Interest Period&rdquo; pursuant to clause (e)&nbsp;of
Section&nbsp;2.14.</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Average Availability</U>&rdquo; means, for any Fiscal Quarter
of the Company, an amount equal to the average daily Availability during such Fiscal Quarter, as determined by the Administrative Agent&rsquo;s
system of records; <U>provided</U>, that in order to determine Availability on any day for purposes of this definition, the Aggregate
Borrowing Base for such day shall be determined by reference to the most recent Borrowing Base Certificate delivered to the Administrative
Agent pursuant to <U>Section&nbsp;5.01(f)</U>&nbsp;as of such day.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Bail-In Action</U>&rdquo; means the exercise of any Write-Down
and Conversion Powers by the applicable <FONT STYLE="color: red"><STRIKE>EEA </STRIKE></FONT>Resolution Authority in respect of any liability
of an <FONT STYLE="color: red"><STRIKE>EEA</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Affected</U></FONT>
Financial Institution.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Bail-In Legislation</U>&rdquo; means<FONT STYLE="color: red"><STRIKE>,
</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(a)</U></FONT>&nbsp;with respect to any EEA Member Country
implementing Article&nbsp;55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing
law<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>, regulation rule&nbsp;or requirement</U></FONT> for such EEA Member Country
from time to time which is described in the EU Bail-In Legislation Schedule<FONT STYLE="color: red"><STRIKE>. </STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>and
(b)&nbsp;with respect to the United Kingdom, Part&nbsp;I of the United Kingdom Banking Act 2009 (as amended from time to time) and any
other law, regulation or rule&nbsp;applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment
firms or other financial institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings).</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Banking Services</U>&rdquo; means each and any of the following
bank services provided to any Loan Party or any <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Restricted </U></FONT>Subsidiary
by any Lender, the Administrative Agent or any Affiliates of a Lender or the Administrative Agent: (a)&nbsp;credit cards for commercial
customers (including<FONT STYLE="color: red"><STRIKE>, without limitation, </STRIKE></FONT> &ldquo;commercial credit cards&rdquo; and
purchasing cards)<FONT STYLE="color: red"><STRIKE>,</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>;</U></FONT>
(b)&nbsp;treasury management services (including<FONT STYLE="color: red"><STRIKE>, without limitation, </STRIKE></FONT> controlled disbursement,
automated clearinghouse transactions, return items, overdrafts and interstate depository network services) <FONT STYLE="color: red"><STRIKE>and</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>;</U></FONT>
(c)&nbsp;bank guarantees and foreign exchange services<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>; and (d)&nbsp;supply
chain finance services</U></FONT>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Banking Services Obligations</U>&rdquo; means any and all
obligations of the Loan Parties <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>or any Restricted Subsidiary</U></FONT>, whether
absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications
thereof and substitutions therefor), in connection with Banking Services.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Banking Services Reserves</U>&rdquo; means all Reserves that
the Administrative Agent from time to time establishes in its Permitted Discretion for Banking Services then provided or Banking Services
Obligations then outstanding.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Bankruptcy Code</U>&rdquo; means title 11 of the United States
Code, as amended.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Bankruptcy Event</U>&rdquo; means, with respect to any Person,
such Person becomes the subject of a voluntary or involuntary bankruptcy or insolvency case or proceeding, or has had a receiver, conservator,
trustee, administrator, custodian, assignee for the benefit of creditors or similar Person charged with the reorganization or liquidation
of its business or assets appointed for it (including any corporate law or other law permitting a Person to obtain a stay of proceedings
or compromise of claims of its creditors against it), or, in the good faith determination of the Administrative Agent, has taken any action
in furtherance of, or indicating its consent to, approval of, or acquiescence in, any such case or proceeding or appointment or has had
an order for relief in such case or proceeding entered in respect thereof, <U>provided</U> that a Bankruptcy Event shall not result solely
by virtue of any ownership interest, or the acquisition of any ownership interest, in such Person by a Governmental Authority or instrumentality
thereof, unless such ownership interest results in or provides such Person with immunity from the jurisdiction of courts within the United
States, Canada, France, Germany, Hong Kong, Switzerland, England or Wales or from the enforcement of judgments or writs of attachment
on its assets or permit such Person (or such Governmental Authority or instrumentality) to reject, repudiate, disavow or disaffirm any
contracts or agreements made by such Person.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Basel III</U>&rdquo; means (a)&nbsp;the agreements on capital
requirements, a leverage ratio and liquidity standards contained in &ldquo;Basel III: A global regulatory framework for more resilient
banks and banking systems,&rdquo; &ldquo;Basel III: International framework for liquidity risk measurement, standards and monitoring&rdquo;
and &ldquo;Guidance for national authorities operating the countercyclical capital buffer&rdquo; published by the Basel Committee on Banking
Supervision in December&nbsp;2010, each as amended, supplemented or restated; (b)&nbsp;the rules&nbsp;for global systemically important
banks contained in &ldquo;Global systemically important banks: assessment methodology and the additional loss absorbency requirement &ndash;
Rules&nbsp;text&rdquo; published by the Basel Committee on Banking Supervision in November&nbsp;2011, as amended, supplemented or restated;
and (c)&nbsp;any further guidance or standards published by the Basel Committee on Banking Supervision relating to &ldquo;Basel III.&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Benchmark&rdquo;
means, initially, with respect to (i)&nbsp;any Term Benchmark Loan or RFR Loan in any Agreed Currency, the applicable Relevant Rate for
such Agreed Currency and (ii)&nbsp;any Overnight Rate Loans denominated in Euros, Daily Simple ESTR; <I>provided</I> that if a Benchmark
Transition Event, and the related Benchmark Replacement Date have occurred with respect to the applicable Relevant Rate or the then-current
Benchmark for such Agreed Currency, then &ldquo;Benchmark&rdquo; means the applicable Benchmark Replacement to the extent that such Benchmark
Replacement has replaced such prior benchmark rate pursuant to clause (b)&nbsp;of Section&nbsp;2.14.</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Benchmark
Replacement&rdquo; means, for any Available Tenor, the first alternative set forth in the order below that can be determined by the Administrative
Agent for the applicable Benchmark Replacement Date; <I>provided</I> that, in the case of any Loan denominated in an Alternative Currency,
 &ldquo;Benchmark Replacement&rdquo; shall mean the alternative set forth in clause (2)&nbsp;below:</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(1)</U></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>in
the case of any Loan denominated in Dollars, the Adjusted Daily Simple SOFR; or</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(2)</U></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>the
sum of: (a)&nbsp;the alternate benchmark rate that has been selected by the Administrative Agent and the Borrower Representative as the
replacement for the then-current Benchmark for the applicable Corresponding Tenor giving due consideration to (i)&nbsp;any selection or
recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body or (ii)&nbsp;any
evolving or then-prevailing market convention for determining a benchmark rate as a replacement for the then-current Benchmark for syndicated
credit facilities denominated in the applicable Agreed Currency at such time in the United States and (b)&nbsp;the related Benchmark Replacement
Adjustment.</U></FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>If
the Benchmark Replacement as determined pursuant to clause (1)&nbsp;or (2)&nbsp;above would be less than the Floor, the Benchmark Replacement
will be deemed to be the Floor for the purposes of this Agreement and the other Loan Documents.</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Benchmark
Replacement Adjustment&rdquo; means, with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark Replacement
for any applicable Interest Period and Available Tenor for any setting of such Unadjusted Benchmark Replacement, the spread adjustment,
or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected
by the Administrative Agent and the Borrower Representative for the applicable Corresponding Tenor giving due consideration to (i)&nbsp;any
selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement
of such Benchmark with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body on the applicable Benchmark Replacement
Date and/or (ii)&nbsp;any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating
or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for
syndicated credit facilities denominated in the applicable Agreed Currency at such time.</U></FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Benchmark
Replacement Date&rdquo; means, with respect to any Benchmark, the earliest to occur of the following events with respect to such then-current
Benchmark:</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(1)</U></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>in
the case of clause (1)&nbsp;or (2)&nbsp;of the definition of &ldquo;Benchmark Transition Event,&rdquo; the later of (a)&nbsp;the date
of the public statement or publication of information referenced therein and (b)&nbsp;the date on which the administrator of such Benchmark
(or the published component used in the calculation thereof) permanently or indefinitely ceases to provide all Available Tenors of such
Benchmark (or such component thereof); or</U></FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(2)</U></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>in
the case of clause (3)&nbsp;of the definition of &ldquo;Benchmark Transition Event,&rdquo; the first date on which such Benchmark (or
the published component used in the calculation thereof) has been determined and announced by the regulatory supervisor for the administrator
of such Benchmark (or such component thereof) to be no longer representative; provided, that such non-representativeness will be determined
by reference to the most recent statement or publication referenced in such clause (3)&nbsp;and even if any Available Tenor of such Benchmark
(or such component thereof) continues to be provided on such date.</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>For
the avoidance of doubt, (i)&nbsp;if the event giving rise to the Benchmark Replacement Date occurs on the same day as, but earlier than,
the Reference Time in respect of any determination, the Benchmark Replacement Date will be deemed to have occurred prior to the Reference
Time for such determination and (ii)&nbsp;the &ldquo;Benchmark Replacement Date&rdquo; will be deemed to have occurred in the case of
clause (1)&nbsp;or (2)&nbsp;above with respect to any Benchmark upon the occurrence of the applicable event or events set forth therein
with respect to all then-current Available Tenors of such Benchmark (or the published component used in the calculation thereof).</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Benchmark
Transition Event&rdquo; means, with respect to any Benchmark, the occurrence of one or more of the following events with respect to such
then-current Benchmark:</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>(1)</U></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>a
public statement or publication of information by or on behalf of the administrator of such Benchmark (or the published component used
in the calculation thereof) announcing that such administrator has ceased or will cease to provide all Available Tenors of such Benchmark
(or such component thereof), permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor
administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof);</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>(2)</U></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>a
public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published
component used in the calculation thereof), the Federal Reserve Board, the NYFRB, the Term SOFR Administrator, the central bank for the
Agreed Currency applicable to such Benchmark, an insolvency official with jurisdiction over the administrator for such Benchmark (or
such component), a resolution authority with jurisdiction over the administrator for such Benchmark (or such component) or a court or
an entity with similar insolvency or resolution authority over the administrator for such Benchmark (or such component), in each case,
which states that the administrator of such Benchmark (or such component) has ceased or will cease to provide all Available Tenors of
such Benchmark (or such component thereof) permanently or indefinitely; <I>provided</I> that, at the time of such statement or publication,
there is no successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof);
or</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>(3)</U></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>a
public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published
component used in the calculation thereof) announcing that all Available Tenors of such Benchmark (or such component thereof) are no
longer, or as of a specified future date will no longer be, representative.</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>For
the avoidance of doubt, a &ldquo;Benchmark Transition Event&rdquo; will be deemed to have occurred with respect to any Benchmark if a
public statement or publication of information set forth above has occurred with respect to each then-current Available Tenor of such
Benchmark (or the published component used in the calculation thereof).</U></FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Benchmark
Unavailability Period&rdquo; means, with respect to any Benchmark, the period (if any) (x)&nbsp;beginning at the time that a Benchmark
Replacement Date pursuant to clauses (1)&nbsp;or (2)&nbsp;of that definition has occurred if, at such time, no Benchmark Replacement has
replaced such then-current Benchmark for all purposes hereunder and under any Loan Document in accordance with Section&nbsp;2.14 and (y)&nbsp;ending
at the time that a Benchmark Replacement has replaced such then-current Benchmark for all purposes hereunder and under any Loan Document
in accordance with Section&nbsp;2.14.</U></FONT></P>

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

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

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Blocking Regulation</U>&rdquo; has the meaning assigned to
it in <U>Section&nbsp;3.07(b)</U>.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Borrower</U>&rdquo; or &ldquo;<U>Borrowers</U>&rdquo; has
the meaning set forth in the introductory paragraph of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Borrower DTTP Filing</U>&rdquo; means, in respect of a UK
Payer, an HM Revenue&nbsp;&amp; Customs' Form&nbsp;DTTP2 duly completed and filed by the relevant UK Payer in a timely fashion which contains
the scheme reference number and jurisdiction of tax residence provided by the Lender to the Borrower Representative and the Administrative
Agent pursuant to Section&nbsp;2.17(e)(ii)(G).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Borrower Representative</U>&rdquo; has the meaning set forth
in Section&nbsp;17.01.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Borrowing</U>&rdquo; means (a)&nbsp;Revolving Loans under
the same Facility of the same Type and currency, made, converted or continued on the same date and, in the case of Term Benchmark Loans,
as to which a single Interest Period is in effect, (b)&nbsp;a Swingline Loan, (c)&nbsp;a Protective Advance or (d)&nbsp;an Overadvance.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Borrowing Base</U>&rdquo; means, individually and collectively
as the context may require, the U.S. Borrowing Base, the Canadian Borrowing Base, each Swiss Borrowing Base, each German Borrowing Base,
each French Borrowing Base, the UK Borrowing Base and the Hong Kong Borrowing Base.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Borrowing Base Certificate</U>&rdquo; means a certificate,
signed and certified as accurate and complete by a Financial Officer of the Borrower Representative, in substantially the form of <U>Exhibit&nbsp;B</U>
(with such changes thereto as may be required by the Administrative Agent in its Permitted Discretion from time to time to reflect the
components of and reserves against the Borrowing Base as provided for hereunder) or another form that is acceptable to the Administrative
Agent in its Permitted Discretion.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Borrowing Base Reporting Date</U>&rdquo; means the last day
of each Fiscal Month of the Company; <U>provided</U> that during any Weekly Reporting Period, the last day of each week will also be a
Borrowing Base Reporting Date.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Borrowing Request</U>&rdquo; means a request by the Borrower
Representative for a Borrowing of Revolving Loans in accordance with Section&nbsp;2.03, which shall be, in the case of any such written
request, in the form of <U>Exhibit&nbsp;C</U> or any other form approved by the Administrative Agent.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Business Day</U>&rdquo; means any day that is not a Saturday,
Sunday or other day on which commercial banks in New York City are authorized or required by law to remain closed; <U>provided</U> that
the term &ldquo;Business Day&rdquo; shall also exclude (a)&nbsp;when used in connection with any Term Benchmark Loan<FONT STYLE="color: red"><STRIKE>,
any day on which banks are not open for dealings in the London interbank market </STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>or
any RFR Loans denominated in Dollars, any day that is not a U.S. Government Securities Business Day</U></FONT>, (b)&nbsp;when used in
connection with any Canadian Loan, any day which shall be in Toronto, Ontario&nbsp;a legal holiday or a day on which commercial banks
in Toronto, Canada are authorized or required by law to remain closed, (c)&nbsp;when used in connection with any French Loan, any day
which shall be in&nbsp;London&nbsp;or Paris a legal holiday or a day on which banking institutions are authorized or required by law or
other government action to close in&nbsp;London&nbsp;or Paris, as applicable, (d)&nbsp;when used in connection with any German Loan, any
day which shall be in&nbsp;London&nbsp;or Frankfurt a legal holiday or a day on which banking institutions are authorized or required
by law or other government action to close in&nbsp;London&nbsp;or Frankfurt, as applicable, (e)&nbsp;when used in connection with any
Hong Kong Loan, any day which shall be in&nbsp;London&nbsp;or Hong Kong a legal holiday or a day on which banking institutions are authorized
or required by law or other government action to close in&nbsp;London&nbsp;or Hong Kong, as applicable, (f)&nbsp;when used in connection
with any Swiss Loan, any day on which shall be in&nbsp;London&nbsp;or Zurich a legal holiday or a day on which banking institutions are
authorized or required by law or other government action to close in&nbsp;London&nbsp;or Zurich, as applicable, (g)&nbsp;when used in
connection with any UK Loan, any day which shall be in&nbsp;London&nbsp;a legal holiday or a day on which banking institutions are authorized
or required by law or other government action to close in&nbsp;London, (h)&nbsp;if such day relates to (x)&nbsp;any Loans denominated
in Euro, (y)&nbsp;payment or purchase of Euro or (z)&nbsp;in relation to the calculation or computation of EURIBOR, any day which is not
a TARGET Day, (i)&nbsp;when used in connection with any RFR Loans denominated in Pounds Sterling and any interest rate settings, fundings,
disbursements, settlements or payments of any such RFR Loan, or any other dealings in Pounds Sterling, any day on which banks are closed
for general business in London, (j)&nbsp;if such day relates to (x)&nbsp;any Loans denominated in Hong Kong Dollars or (y)&nbsp;payment
or purchase of Hong Kong Dollars, any day on which banks are closed for general business in Hong Kong or London, (k)&nbsp;if such day
relates to (x)&nbsp;any Loans made to a Canadian Borrower or denominated in Canadian Dollars or (y)&nbsp;payment or purchase of Canadian
Dollars, Saturday, Sunday and any day which shall be in Toronto, Ontario a legal holiday or a day on which commercial banks are authorized
or required by law or other government action to close in Toronto and (l)&nbsp;with respect to all notices and determinations in connection
with, and payments of principal and interest on, Term Benchmark Loans, any day which is not a day for trading by and between banks in
the New York or London interbank market or the principal financial center of the relevant Alternative Currency in which such Term Benchmark
Loan is denominated.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>CAM</U>&rdquo; has the meaning set forth in Section&nbsp;9.19(a).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>CAM Exchange</U>&rdquo; has the meaning set forth in Section&nbsp;9.19(a).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>CAM Exchange Date</U>&rdquo; has the meaning set forth in
Section&nbsp;9.19(a).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>CAM Percentage</U>&rdquo; has the meaning set forth in Section&nbsp;9.19(a).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Canada</U>&rdquo; means the country of Canada and any province
or territory thereof.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Canadian Blocked Person</U>&rdquo; means any Person whose
property or interests in property are blocked or subject to blocking pursuant to, or as described in, any Canadian Economic Sanctions
and Export Control Laws.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Canadian Borrower Outstandings</U>&rdquo; means, at any time,
the sum of (i)&nbsp;the Dollar Equivalent of the Canadian Revolving Loans to the Canadian Borrowers outstanding at such time <I>plus</I>
(ii)&nbsp;the Dollar Equivalent of the Canadian Protective Advances to the Canadian Borrowers outstanding at such time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Canadian Borrowers</U>&rdquo; means Fossil Canada and each
other Canadian Subsidiary that becomes party to this Agreement as a Canadian Borrower after the Effective Date pursuant to Section&nbsp;5.03(b).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Canadian Borrowing Base</U>&rdquo; means, at any time (without
duplication):</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(a) &#8239;&#8239;&#8239;the
lesser of (x)&nbsp;the product of (i)&nbsp;90% <I>multiplied by</I> (ii)&nbsp;the <FONT STYLE="color: red"><STRIKE>NOLV Percentage</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Net
Orderly Liquidation Value</U></FONT> of Eligible Finished Goods Inventory of the Canadian Borrowers at such time and (y)&nbsp;the product
of (i)&nbsp;65% <I>multiplied by</I> (ii)&nbsp;the lower of cost or market value of Eligible Finished Goods Inventory of the Canadian
Borrowers, <I>plus</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(b) &#8239;&#8239;&#8239;the
product of (i)&nbsp;85% <I>multiplied by</I> (ii)&nbsp;the Eligible Accounts of the Canadian Borrowers at such time, <I>minus</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(c) &#8239;&#8239;&#8239;without
duplication, Reserves established by the Administrative Agent in its Permitted Discretion<FONT STYLE="color: red"><STRIKE>.</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>;</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>provided
that the advance rates in each of the foregoing clauses (a)&nbsp;and (b)&nbsp;above shall increase by the Seasonal Overadvance Amount
during any Seasonal Overadvance Period.</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Administrative Agent may, in its Permitted Discretion and with
no less than two (2)&nbsp;Business Days&rsquo; prior written notice to the Borrower Representative (other than during a Dominion Period
in which case notice shall not be required), adjust Reserves used in computing the Canadian Borrowing Base. Subject to the immediately
preceding sentence and the other provisions hereof expressly permitting the Administrative Agent to adjust Reserves, the Canadian Borrowing
Base at any time shall be determined by reference to the most recent Borrowing Base Certificate delivered to the Administrative Agent
pursuant to Section&nbsp;5.01(f)&nbsp;(or, prior to the first such delivery, delivered to the Administrative Agent pursuant to Section&nbsp;4.01(o));
<U>provided</U> that if any Borrowing Base Certificate delivered under Section&nbsp;5.01(f)&nbsp;shall prove to have been materially inaccurate
(regardless of whether any Revolving Commitments are in effect or any amounts are outstanding hereunder when such inaccuracy is discovered),
and such inaccuracy shall have resulted in the payment of any interest or fees at rates lower than those that were in fact applicable
for any period (based on the actual Canadian Borrowing Base), the applicable Borrowers shall pay to the Administrative Agent, for distribution
to the Lenders (or former Lenders) as their interests may appear, the accrued interest or fees that should have been paid but were not
paid as a result of such inaccuracy.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Canadian Collateral</U>&rdquo; means any and all property
of any Canadian Loan Party covered by the Collateral Documents and any and all other property of any Canadian Loan Party, now existing
or hereafter acquired, that may at any time be or become subject to a security interest or Lien in favor of the Administrative Agent to
secure the Canadian Secured Obligations.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Canadian Commitment</U>&rdquo; means, with respect to each
Canadian Revolving Lender, the commitment, if any, of such Canadian Revolving Lender to make Canadian Revolving Loans hereunder, expressed
as an amount representing the maximum possible aggregate amount of such Canadian Revolving Lender&rsquo;s Canadian Revolving Exposure
hereunder, as such commitment may be reduced or increased from time to time pursuant to (a)&nbsp;Section&nbsp;2.09 and (b)&nbsp;assignments
by or to such Canadian Revolving Lender pursuant to Section&nbsp;9.04. The amount of each Canadian Revolving Lender&rsquo;s Canadian Commitment
is set forth on <U>Schedule 2.01</U>, or in the Assignment and Assumption or other documentation or record (as such term is defined in
Section&nbsp;9-102(a)(70) of the New York Uniform Commercial Code) as provided in Section&nbsp;9.04(b)(ii)(C)&nbsp;pursuant to which such
Canadian Revolving Lender shall have assumed its Canadian Commitment, as applicable. As of the <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Amendment
No.&nbsp;4 </U></FONT>Effective Date, the aggregate amount of the Canadian Commitments is $5,000,000.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Canadian Credit Exposure</U>&rdquo; means, as to any Canadian
Revolving Lender at any time, the sum of (a)&nbsp;such Canadian Revolving Lender&rsquo;s Canadian Revolving Exposure <I>plus</I> (b)&nbsp;a
Dollar Equivalent equal to such Lender&rsquo;s Applicable Percentage of the aggregate amount of Canadian Overadvances and Canadian Protective
Advances outstanding.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Canadian Defined Benefit Plan</U>&rdquo; means a Canadian
Pension Plan, which contains a &ldquo;defined benefit provision,&rdquo; as defined in subsection 147.1(1)&nbsp;of the ITA.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Canadian Dollars</U>&rdquo; and &ldquo;<U>Cdn.$</U>&rdquo;
means dollars in the lawful currency of Canada.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Canadian Economic Sanctions and Export Control Laws</U>&rdquo;
means any Canadian laws, regulations or orders governing transactions in controlled goods or technologies or dealings with countries,
entities, organizations, or individuals subject to economic sanctions and similar measures.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Canadian Facility</U>&rdquo; means, collectively, the Canadian
Commitments and the extensions of credit made thereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Canadian Guarantee</U>&rdquo; means Article&nbsp;XI of this
Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Canadian Guaranteed Obligations</U>&rdquo; has the meaning
set forth in Section&nbsp;11.01.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Canadian Guarantor</U>&rdquo; means each Canadian Borrower
(solely with respect to its Obligations arising pursuant to Section&nbsp;11.01 hereof) and each Canadian Subsidiary of a Canadian Borrower
that is listed on the signature pages&nbsp;hereto as a Canadian Guarantor or that becomes a party hereto as a Canadian Guarantor pursuant
to Section&nbsp;5.03, in each case, until such Subsidiary&rsquo;s Canadian Guarantee is released in accordance herewith.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Canadian Line Cap</U>&rdquo; means, as of any date of determination
thereof by the Administrative Agent, an amount equal to the lesser of (i)&nbsp;the total Canadian Commitments then in effect and (ii)&nbsp;the
Canadian Borrowing Base.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Canadian Loan Parties</U>&rdquo; means, individually and
collectively as the context may require, the Canadian Borrowers and each Canadian Guarantor.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Canadian Loans</U>&rdquo; means, individually and collectively
as the context may require, the Canadian Revolving Loans, the Canadian Protective Advances and the Canadian Overadvances.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Canadian Obligated Party</U>&rdquo; has the meaning set forth
in Section&nbsp;11.02.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Canadian Obligations</U>&rdquo; means all unpaid principal
of and accrued and unpaid interest on the Canadian Loans to the Canadian Borrowers, all accrued and unpaid fees and all expenses, reimbursements,
indemnities and other obligations of the Canadian Loan Parties to the Lenders or to any Lender, the Administrative Agent or any indemnified
party arising under the Loan Documents (including interest, costs, fees, expenses and other amounts accruing during the pendency of any
case or proceeding under any Insolvency Laws, regardless of whether allowed or allowable in such case or proceeding).</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Canadian Overadvance</U>&rdquo; has the meaning set forth
in Section&nbsp;2.05(c).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Canadian Overadvance Exposure</U>&rdquo; means, at any time,
the sum of the aggregate principal amount of all outstanding Canadian Overadvances at such time. The Canadian Overadvance Exposure of
any Lender at any time shall be its Applicable Percentage of the total Canadian Overadvance Exposure at such time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Canadian Pension Plans</U>&rdquo; means any &ldquo;registered
pension plan&rdquo; as defined under Section&nbsp;248(l)&nbsp;of the ITA or which is registered under Canadian federal or provincial pension
legislation and which is sponsored, maintained, funded, contributed to or required to be contributed to, or administered for the Canadian
employees or former Canadian employees of any Loan Party or any Subsidiary thereof, other than plans established by statute, including
the Canada Pension Plan maintained by the government of Canada and the Quebec Pension Plan maintained by the Province of Quebec.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Canadian Prime Rate</U>&rdquo; means, for any period, the
rate per annum determined by the Administrative Agent to be the higher of (i)&nbsp;the rate equal to the PRIMCAN Index rate that appears
on the Bloomberg screen at 10:15 a.m.&nbsp;Toronto time on such day (or, in the event that the PRIMCAN Index is not published by Bloomberg,
any other information services that publishes such index from time to time, as selected by the Administrative Agent in its reasonable
discretion) and (ii)&nbsp;the average rate for thirty (30) day Canadian Dollar bankers&rsquo; acceptances that appears on the Reuters
Screen CDOR Page&nbsp;(or, in the event such rate does not appear on such page&nbsp;or screen, on any successor or substitute page&nbsp;or
screen that displays such rate, or on the appropriate page&nbsp;of such other information service that publishes such rate from time to
time, as selected by the Administrative Agent in its reasonable discretion) at 10:15 a.m.&nbsp;Toronto time on such day, <I>plus</I> 1.00%
per annum; <U>provided</U> that if any the above rates shall be less than zero, such rate shall be deemed to be zero for purposes of this
Agreement. Any change in the Canadian Prime Rate due to a change in the PRIMCAN Index or the CDOR Rate shall be effective from and including
the effective date of such change in the PRIMCAN Index or CDOR Rate, respectively.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Canadian Prime Rate Loan</U>&rdquo; means a Loan denominated
in Canadian Dollars the rate of interest applicable to which is based upon the Canadian Prime Rate.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Canadian Protective Advance</U>&rdquo; has the meaning set
forth in Section&nbsp;2.04(a).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Canadian Protective Advance Exposure</U>&rdquo; means, at
any time, the sum of the aggregate principal amount of all outstanding Canadian Protective Advances at such time. The Canadian Protective
Advance Exposure of any Lender at any time shall be its Applicable Percentage of the total Canadian Protective Advance Exposure at such
time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Canadian Revolving Exposure</U>&rdquo; means, with respect
to any Canadian Revolving Lender at any time, the outstanding principal amount of Canadian Revolving Loans of such Canadian Revolving
Lender at such time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Canadian Revolving Lenders</U>&rdquo; means the Persons listed
on <U>Schedule 2.01</U> (or an Affiliate or branch of any such Person that is acting on behalf of such Person, in which case the term
 &ldquo;Canadian Revolving Lenders&rdquo; shall include any such Affiliate or branch with respect to the Canadian Revolving Loans made
by such Affiliate or branch) as having a Canadian Commitment and any other Person that shall acquire a Canadian Commitment, other than
any such Person that ceases to be a Canadian Revolving Lender pursuant to an Assignment and Assumption.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Canadian Revolving Loan</U>&rdquo; means a Revolving Loan
made by the Canadian Revolving Lenders to the Canadian Borrowers or U.S. Borrowers pursuant to the Canadian Commitment.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Canadian Secured Obligations</U>&rdquo; means all Canadian
Obligations together with all (a)&nbsp;Banking Services Obligations of the Canadian Loan Parties or any other Canadian Restricted Subsidiary
of the Company and (b)&nbsp;Swap Obligations of the Canadian Loan Parties or any other Canadian Restricted Subsidiary of the Company owing
to one or more Qualified Counterparties; <U>provided</U> that Excluded Swap Obligations with respect to any Loan Party shall not be Canadian
Secured Obligations of such Loan Party.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Canadian Security Agreement</U>s&rdquo; means, collectively,
that certain Canadian Pledge and Security Agreement, dated as of the Effective Date, among the Canadian Loan Parties and the Administrative
Agent, the Quebec Security Documents, and, as the context requires, any other pledge or security agreement entered into, after the Effective
Date by any other Canadian Loan Party (as required by this Agreement or any other Loan Document), as the same may be amended, restated
or otherwise modified from time to time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Canadian Subsidiary</U>&rdquo; means any subsidiary of the
Company that has been formed or is organized under the laws of Canada or any province or territory thereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Capital Expenditures</U>&rdquo; means, for any period, the
additions to property, plant and equipment and other capital expenditures of the Company and the Subsidiaries that are (or would be) set
forth in a consolidated statement of cash flows of the Company for such period prepared in accordance with GAAP; <U>provided</U> that
the term &ldquo;Capital Expenditures&rdquo; shall not include (i)&nbsp;expenditures made in connection with the replacement, substitution,
restoration or repair of assets to the extent financed with (x)&nbsp;insurance proceeds paid on account of the loss of or damage to the
assets being replaced, restored or repaired or (y)&nbsp;awards of compensation arising from the taking by eminent domain or condemnation
of the assets being replaced, (ii)&nbsp;the purchase price of equipment that is purchased simultaneously with the trade-in of existing
equipment to the extent that the gross amount of such purchase price is reduced by the credit granted by the seller of such equipment
for the equipment being traded in at such time, (iii)&nbsp;the purchase of plant, property or equipment or software to the extent financed
with the net proceeds of any Disposition (including pursuant to a Sale/Leaseback Transaction or by way of merger or consolidation) of
any asset of the Company or any Restricted Subsidiary, including any sale or issuance to a Person other than the Company or any Restricted
Subsidiary of Equity Interests in any Subsidiary, but excluding sales of Inventory in the ordinary course of business, (iv)&nbsp;expenditures
that constitute rental expenses under operating leases of real or personal property, (v)&nbsp;expenditures that are accounted for as capital
expenditures by the Company or any Restricted Subsidiary and that actually are paid for by a Person other than the Company or any Restricted
Subsidiary and for which neither the Company nor any Restricted Subsidiary has provided or is required to provide or incur, directly or
indirectly, any consideration or obligation to such Person or any other Person (whether before, during or after such period), (vi)&nbsp;the
book value of any asset owned by the Company or any Restricted Subsidiary prior to or during such period to the extent that such book
value is included as a capital expenditure during such period as a result of such Person reusing or beginning to reuse such asset during
such period without a corresponding expenditure actually having been made in such period; <U>provided</U> that (x)&nbsp;any expenditure
necessary in order to permit such asset to be reused shall be included as a Capital Expenditure during the period in which such expenditure
actually is made and (y)&nbsp;such book value shall have been included in Capital Expenditures when such asset was originally acquired,
or (vii)&nbsp;expenditures that constitute Permitted Acquisitions.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Capital Impairment</U>&rdquo; has the meaning set forth in
Section&nbsp;9.24(a).</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Capital Lease Obligations</U>&rdquo; of any Person means
the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real
or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases or
financing leases on a balance sheet of such Person under GAAP and, for the purposes of this Agreement, the amount of such obligations
shall be the capitalized amount thereof determined in accordance with GAAP.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Cash Equivalents</U>&rdquo; means:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(a)&nbsp;&nbsp;marketable
direct obligations issued or unconditionally guaranteed by the United States Government, the Government of Canada, the UK government,
the French government or the Hong Kong government or issued by an agency thereof and backed by the full faith and credit of the United
States Government, the Government of Canada, the UK government, the French government or the Hong Kong government, as the case may be,
in each case maturing within two years after the date of acquisition thereof;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(b)&nbsp;&nbsp;marketable
direct obligations issued by any state of the United States of America, or any political subdivision of any such state or any public instrumentality
thereof, by the Canadian federal government, by the UK government, by the French government or by the Hong Kong government, in each case,
maturing within two years after the date of acquisition thereof and, at the time of acquisition, having the highest rating obtainable
from either S&amp;P or Moody&rsquo;s (or, if at any time neither S&amp;P nor Moody&rsquo;s shall be rating such obligations, then from
such other nationally recognized rating agency acceptable to the Administrative Agent).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(c)&nbsp;&nbsp;commercial
paper maturing no more than nine months after the date of creation thereof and, at the time of acquisition, having a rating of at least
A-2 or P-2 from either S&amp;P or Moody&rsquo;s (or, if at any time neither S&amp;P nor Moody&rsquo;s shall be rating such obligations,
then the highest rating from such other nationally recognized rating services acceptable to the Administrative Agent);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(d)&nbsp;&nbsp;certificates
of deposit or bankers acceptances denominated in US Dollars, Canadian Dollars, Pounds Sterling, Euro or Hong Kong Dollars and maturing
within ninety (90) days after the date of acquisition thereof issued by any Lender or any other commercial bank organized under the laws
of the United States of America or any state thereof or the District of Columbia, Canada, the UK, France or Hong Kong, in each case having
combined capital and surplus of not less than $250,000,000 (or the foreign currency equivalent thereof);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(e)&nbsp;&nbsp;repurchase
agreements of the Administrative Agent, any Lender or any other commercial bank organized under the laws of the United States of America
or any state thereof or the District of Columbia, Canada, the UK, France or Hong Kong, in each case having combined capital and surplus
of not less than $250,000,000 (or the foreign currency equivalent thereof);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(f)&nbsp;&nbsp;&nbsp;overnight
investments with the Administrative Agent, any Lender or any other commercial bank organized under the laws of the United States of America
or any state thereof or the District of Columbia, Canada, the UK, France or Hong Kong, in each case having combined capital and surplus
of not less than $250,000,000 (or the foreign currency equivalent thereof);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(g)&nbsp;&nbsp;other
readily marketable instruments issued or sold by the Administrative Agent, any Lender or any other commercial bank organized under the
laws of the United States of America or any state thereof or the District of Columbia, Canada, the UK, France or Hong Kong, in each case
having combined capital and surplus of not less than $250,000,000 (or the foreign currency equivalent thereof); and</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(h)&nbsp;&nbsp;funds
invested in brokerage accounts with nationally recognized brokerage houses or money market accounts, in each case for less than thirty
(30) days.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Cash Pool</U>&rdquo; means the that certain Cash Pooling
Agreement dated June&nbsp;27, 2007 by and among the Company, Bank Mendes Gans N.V., and each of the Foreign Subsidiaries party thereto,
as the same may be amended, restated, amended and restated, extended or otherwise modified from time to time, or any such similar cash
pooling structure that may be utilized by the Company and/or such Foreign Subsidiaries from time to time.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>CBR Spread</U>&rdquo; means the Applicable Rate that was
applicable to a Loan immediately prior to being replaced by a CBR Loan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;CDOR
Rate&rdquo; means, with respect to any Term Benchmark Borrowing denominated in Canadian Dollars and for the relevant Interest Period,
the Canadian dollar offered rate which, in turn means on any day the sum of (a)&nbsp;the annual rate of interest determined with reference
to the arithmetic average rate of the discount rate quotations of all institutions listed in respect of the relevant Interest Period for
Canadian Dollar denominated bankers&rsquo; acceptances displayed and identified as such on the Refinitiv Canadian Dollar Offered Rate
(CDOR) Page&nbsp;or, in the event such rate does not appear on such page&nbsp;or screen, on any successor or substitute page&nbsp;or screen
that displays such rate, or on the appropriate page&nbsp;of such other information service that publishes such rate from time to time,
as selected by the Administrative Agent in its reasonable discretion (the &ldquo;CDOR Screen Rate&rdquo;) at or about 10:15 a.m.&nbsp;Toronto
local time on the first day of the applicable Interest Period and, if such day is not a Business Day, then on the immediately preceding
Business Day (as adjusted by the Administrative Agent after 10:15 a.m.&nbsp;Toronto local time to reflect any error in the posted rate
of interest or in the posted average annual rate of interest); provided that (x)&nbsp;if the CDOR Screen Rate shall be less than zero,
such rate shall be deemed to be zero for purposes and (y)&nbsp;if the CDOR Screen Rate is not available on the Reuters Screen CDOR Page&nbsp;on
any particular day, then the Canadian dollar offered rate component of such rate on that day shall be calculated as the applicable Interpolated
Rate as of such time on such day; or if such day is not a Business Day, then as so determined on the immediately preceding Business Day.
 &ldquo;CDOR Rate,&rdquo; when used with respect to a Loan or a Borrowing, shall refer to whether such Loan, or the Loans comprising such
Borrowing, bears interest at a rate determined by reference to the CDOR Rate.</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;CDOR
Screen Rate&rdquo; has the meaning set forth in the definition of &ldquo;CDOR Rate.&rdquo;</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Central Bank Rate</U>&rdquo; means, (A)&nbsp;the greater
of (i)&nbsp;for any Loan denominated in (a)&nbsp;Pounds Sterling, the Bank of England (or any successor thereto)&rsquo;s &ldquo;Bank Rate&rdquo;
as published by the Bank of England (or any successor thereto) from time to time, (b)&nbsp;Euro, one of the following three rates as may
be selected by the Administrative Agent in its reasonable discretion: (1)&nbsp;the fixed rate for the main refinancing operations of the
European Central Bank (or any successor thereto), or, if that rate is not published, the minimum bid rate for the main refinancing operations
of the European Central Bank (or any successor thereto), each as published by the European Central Bank (or any successor thereto) from
time to time, (2)&nbsp;the rate for the marginal lending facility of the European Central Bank (or any successor thereto), as published
by the European Central Bank (or any successor thereto) from time to time or (3)&nbsp;the rate for the deposit facility of the central
banking system of the Participating Member States, as published by the European Central Bank (or any successor thereto) from time to time,
and (c)&nbsp;any other Alternative Currency determined after the Effective Date, a central bank rate as determined by the Administrative
Agent in its reasonable discretion and (ii)&nbsp;0.00%; plus (B)&nbsp;the applicable Central Bank Rate Adjustment.</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; color: red"><STRIKE>&ldquo;</STRIKE><U><STRIKE>CDOR
Rate</STRIKE></U><STRIKE>&rdquo; means, with respect to any Term Benchmark Borrowing denominated in Canadian Dollars and for the relevant
Interest Period, the Canadian dollar offered rate which, in turn means on any day the sum of (a)&nbsp;the annual rate of interest determined
with reference to the arithmetic average rate of the discount rate quotations of all institutions listed in respect of the relevant Interest
Period for Canadian Dollar denominated bankers&rsquo; acceptances displayed and identified as such on the &ldquo;CDOR Page&rdquo; (or
any display substituted therefore) of Reuters Monitor Money Rate Service Reuters Screen or, in the event such rate does not appear on
such page&nbsp;or screen, on any successor or substitute page&nbsp;or screen that displays such rate, or on the appropriate page&nbsp;of
such other information service that publishes such rate from time to time, as selected by the Administrative Agent in its reasonable discretion
(the &ldquo;</STRIKE><U><STRIKE>CDOR Screen Rate</STRIKE></U><STRIKE>&rdquo;) at or about 10:15 a.m.&nbsp;Toronto local time on the first
day of the applicable Interest Period and, if such day is not a Business Day, then on the immediately preceding Business Day (as adjusted
by the Administrative Agent after 10:15 a.m.&nbsp;Toronto local time to reflect any error in the posted rate of interest or in the posted
average annual rate of interest); </STRIKE><U><STRIKE>provided</STRIKE></U> <STRIKE>that (x)&nbsp;if the CDOR Screen Rate shall be less
than zero, such rate shall be deemed to be zero for purposes and (y)&nbsp;if the CDOR Screen Rate is not available on the Reuters Screen
CDOR Page&nbsp;on any particular day, then the Canadian dollar offered rate component of such rate on that day shall be calculated as
the applicable Interpolated Rate as of such time on such day; or if such day is not a Business Day, then as so determined on the immediately
preceding Business Day. &ldquo;CDOR Rate,&rdquo; when used with respect to a Loan or a Borrowing, shall refer to whether such Loan, or
the Loans comprising such Borrowing, bears interest at a rate determined by reference to the CDOR Rate.</STRIKE></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; color: red"><STRIKE>&ldquo;</STRIKE><U><STRIKE>CDOR
Screen Rate</STRIKE></U><STRIKE>&rdquo; has the meaning set forth in the definition of &ldquo;CDOR Rate.&rdquo;</STRIKE></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>CFC</U>&rdquo; means each Person that is a &ldquo;controlled
foreign corporation&rdquo; within the meaning of Section&nbsp;957(a)&nbsp;of the Code.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>CFC Holdco</U>&rdquo; means a Domestic Subsidiary with no
material assets other than equity interests of one or more Foreign Subsidiaries that are CFCs.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Change in Control</U>&rdquo; means an event or series of
events by which any &ldquo;person&rdquo; or &ldquo;group&rdquo; (as such terms are used in Sections 13(d)&nbsp;and 14(d)&nbsp;of the Exchange
Act, but excluding any employee benefit plan of such person or its Subsidiaries, and any person or entity acting in its capacity as trustee,
agent or other fiduciary or administrator of any such plan) becomes the &ldquo;beneficial owner&rdquo; (as defined in Rules&nbsp;13d-3
and 13d-5 under the Exchange Act, except that a &ldquo;person&rdquo; or &ldquo;group&rdquo; shall be deemed to have &ldquo;beneficial
ownership&rdquo; of all securities that such &ldquo;person&rdquo; or &ldquo;group&rdquo; has the right to acquire, whether such right
is exercisable immediately or only after the passage of time (such right, an &ldquo;option right&rdquo;)), directly or indirectly, of
more than forty percent (40%) of the equity securities of the Company entitled to vote in the election of members of the board of directors
(or equivalent governing body) of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Change in Law</U>&rdquo; means the occurrence, after the
Effective Date, of any of the following: (a)&nbsp;the adoption of or taking effect of any rule, regulation, treaty or other law, (b)&nbsp;any
change in any rule, regulation, treaty or other law or in the administration, interpretation, implementation or application thereof by
any Governmental Authority or (c)&nbsp;the making or issuance of any request, rule, guideline or directive (whether or not having the
force of law) by any Governmental Authority; <U>provided</U> that, notwithstanding anything herein to the contrary, (i)&nbsp;the Dodd-Frank
Wall Street Reform and Consumer Protection Act or any European equivalent regulations (such as the European Market and Infrastructure
Regulations and other regulations related thereto), and all requests, rules, guidelines or directives thereunder or issued in connection
therewith and (ii)&nbsp;all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel
Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each
case pursuant to Basel III, shall in each case be deemed to be a &ldquo;Change in Law,&rdquo; regardless of the date enacted, adopted,
promulgated or issued.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Charges</U>&rdquo; has the meaning set forth in Section&nbsp;9.16.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; color: red"><STRIKE>&ldquo;</STRIKE><U><STRIKE>Co-Syndication
Agents</STRIKE></U><STRIKE>&rdquo; means Citizens Bank, N.A. and Wells Fargo Bank, National Association.</STRIKE></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Code</U>&rdquo; means the Internal Revenue Code of 1986,
as amended.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Collateral</U>&rdquo; means the Canadian Collateral, the
European Collateral, the Hong Kong Collateral, the U.S. Collateral and from and after the French Effective Date, the French Collateral,
and any and all other property of any Loan Party, now existing or hereafter acquired, that may at any time be or become subject to a security
interest or Lien in favor of the Administrative Agent to secure any of the Obligations.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Collateral Access Agreement</U>&rdquo; means an agreement
reasonably satisfactory in form and substance to the Administrative Agent executed by a lessor, bailee, warehouseman or other Person in
possession of Collateral, or any lessor (and any mortgagee, if applicable) of real estate leased by any Loan Party.</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(a)&nbsp;&nbsp;&nbsp;the
Administrative Agent shall have received from the Company and each Subsidiary that is a Designated Subsidiary or that the Borrower Representative
elects to become a Borrower pursuant to Section&nbsp;5.03, either (i)&nbsp;(A)&nbsp;in the case of the Company and each such Subsidiary
that is a Domestic Subsidiary, a counterpart of this Agreement, the Intercompany Subordination Agreement, the U.S. Security Agreement
and, solely to the extent such Inventory is intended to constitute Eligible Finished Goods Inventory, the applicable Hong Kong Security
Agreement with respect to its Inventory located in Hong Kong and the applicable German Security Agreement with respect to its Inventory
located in Germany, duly executed and delivered on behalf of such Person, (B)&nbsp;in the case of the Canadian Borrowers and each Canadian
Guarantor, a counterpart of this Agreement, the Intercompany Subordination Agreement, and the applicable Canadian Security Agreements,
duly executed and delivered on behalf of such Person, (C)&nbsp;in the case of each French Borrower and each French Guarantor, a counterpart
of the French Joinder, the Intercompany Subordination Agreement, the applicable French Security Agreements and, with respect to its Concentration
Accounts and/or Collection Accounts in England and Wales (if any), the applicable UK Security Agreement, duly executed and, regularized
with signatures of all parties and delivered on behalf of such Person, (D)&nbsp;in the case of each German Borrower and each German Guarantor,
a counterpart of this Agreement, the Intercompany Subordination Agreement, the applicable German Security Agreements and, with respect
to its Concentration Accounts and/or Collection Accounts in England and Wales (if any), the applicable UK Security Agreement, duly executed
and delivered on behalf of such Person, (E)&nbsp;in the case of each Hong Kong Borrower and each Hong Kong Guarantor, a counterpart of
this Agreement, the Intercompany Subordination Agreement, and the applicable Hong Kong Security Agreements, duly executed and delivered
on behalf of such Person, (F)&nbsp;in the case of each Swiss Borrower and each Swiss Guarantor, a counterpart of this Agreement, the Intercompany
Subordination Agreement, the applicable Swiss Security Agreements, the applicable German Security Agreements with respect to its Inventory
located in Germany and, with respect to its Concentration Accounts and/or Collection Accounts in England and Wales (if any), the applicable
UK Security Agreement, duly executed and delivered on behalf of such Person, or (G)&nbsp;in the case of each UK Borrower and each UK Guarantor,
a counterpart of this Agreement, the Intercompany Subordination Agreement and the applicable UK Security Agreements, duly executed and
delivered on behalf of such Person, or (ii)&nbsp;in the case of any Person that becomes a Designated Subsidiary or a Borrower after the
Effective Date (other than the initial French Borrower and initial French Guarantors which shall be governed by clause (a)(i)(C)&nbsp;above),
(A)&nbsp;a Joinder Agreement, (or, in the case of a Subsidiary that becomes a Borrower, any other joinder agreement to this Agreement
in form and substance satisfactory to the Administrative Agent), duly executed and delivered on behalf of such Person, (B)&nbsp;instruments
in the form or forms specified in the applicable Security Agreement under which such Person becomes a party to the applicable Security
Agreement (or, if applicable, new Collateral Documents), duly executed and delivered on behalf of such Person, together with such documents
and opinions with respect to such Designated Subsidiary as may reasonably be requested by the Administrative Agent and (C)&nbsp;all documentation
and other information requested by the Administrative Agent regarding such Designated Subsidiary as may be required to comply with the
applicable &ldquo;know your customer&rdquo; rules&nbsp;and regulations, including the USA Patriot Act;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(b)&nbsp;&nbsp;&nbsp;subject
to Section&nbsp;5.18, the Administrative Agent shall have received all such Collateral Access Agreements, Control Agreements and other
Collateral Documents required to be provided to it hereunder or under the applicable Security Agreement, duly executed by the parties
thereto and evidence that all Credit Card Notifications required to be provided pursuant to Section&nbsp;5.16 have been provided;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(c)&nbsp;&nbsp;&nbsp;all
Equity Interests owned by or on behalf of any Loan Party shall have been pledged pursuant to the applicable Security Agreement or, solely
with respect to the Equity Interests of any Loan Party (other than the Equity Interests of a Canadian Loan Party owned by a U.S. Loan
Party), a pledge agreement governed by the laws of the jurisdiction in which such Loan Party is organized and in form and substance reasonably
satisfactory to the Administrative Agent and, in the case of Equity Interests entitled to vote (within the meaning of Treas. Reg. Section&nbsp;1.956-2(c)(2))
in any CFC or CFC Holdco owned by a U.S. Loan Party, such U.S. Loan Party shall not be required to pledge more than 65% of such Equity
Interests entitled to vote of any such CFC or CFC Holdco, and the Administrative Agent shall, to the extent required by the applicable
Collateral Document, have received certificates or other instruments representing all such certificated Equity Interests, together with
undated stock powers or other instruments of transfer with respect thereto endorsed in blank; <FONT STYLE="color: red"><STRIKE>and</STRIKE></FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(d)&nbsp;&nbsp;all
Indebtedness of the Company and any Subsidiary that is owing to any Loan Party and in a principal amount of $25,000,000 or more and all
Indebtedness of any other Person in a principal amount of $5,000,000 or more shall be evidenced by a promissory note and shall have been
pledged pursuant to the applicable Security Agreement, and the Administrative Agent shall have received all such promissory notes, together
with undated instruments of transfer with respect thereto endorsed in blank<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>;
and</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(e)&nbsp;&nbsp;all
documents and instruments, including UCC financing statement and PPSA registrations, required by the Collateral Documents or this Agreement
with the priority required by the Collateral Documents shall have been filed, registered or recorded or delivered to the Administrative
Agent for filing, registration or recording.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Notwithstanding the foregoing and the provisions of Section&nbsp;5.03,
any Designated Subsidiary formed or acquired after the Effective Date (or French Effective Date in the case of a Designated Subsidiary
that is a French Subsidiary) shall not be required to comply with the foregoing requirements prior to the time specified in Section&nbsp;5.03.
The foregoing definition and the provisions of Section&nbsp;5.03 shall not require the creation or perfection of pledges of or security
interests in, or the obtaining of title insurance or, subject to the requirements of applicable law, flood insurance, legal opinions,
appraisals, surveys or other deliverables with respect to, particular assets of the Loan Parties, or the provision of Guarantees by any
Subsidiary, if and for so long as the Administrative Agent, in consultation with the Company, determines that the cost of creating or
perfecting such pledges or security interests in such assets, or obtaining such title insurance or flood insurance, legal opinions, appraisals,
surveys or other deliverables in respect of such assets, or providing such Guarantees, shall be excessive in view of the benefits to be
obtained by the Lenders therefrom. The Administrative Agent may in its reasonable discretion, grant extensions of time for the creation
and perfection of security interests in (including delivery of promissory notes as required by clause (d)&nbsp;above) or the obtaining
of title insurance or, subject to the requirements of applicable law, flood insurance, legal opinions, appraisals, surveys or other deliverables
with respect to particular assets or the provision of any Guarantee by any Subsidiary (including extensions beyond the Effective Date
or in connection with assets acquired, or Subsidiaries formed or acquired, after the Effective Date) where it determines that such action
cannot be accomplished without undue effort or expense by the time or times at which it would otherwise be required to be accomplished
by this Agreement or the Collateral Documents, it being acknowledged and agreed that Administrative Agent shall take the cooperation of
and constraints upon third party providers into consideration when making such determination.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Collateral Documents</U>&rdquo; means each Security Agreement,
each Collateral Access Agreement, each Credit Card Notification, each Control Agreement, each IP Security Agreement and each other document
or instrument guaranteeing the payment of or granting or perfecting a Lien upon any assets of any Loan Party as security for the Secured
Obligations.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Collection Account</U>&rdquo; means a segregated Concentration
Account established by any Loan Party solely for the purpose of receiving the proceeds of Accounts (and which, for the avoidance of doubt,
shall not be used for general payment purposes) and which, in the case of a Collection Account located in England and Wales or Hong Kong,
gives appropriate levels of control sufficient for a fixed charge in England and Wales or Hong Kong (as applicable).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Collection Account Trigger Date</U>&rdquo; means (x)&nbsp;from
the Effective Date until December&nbsp;31, 2019, the first date on which Availability is less than 20% of the Line Cap and (y)&nbsp;from
January&nbsp;1, 2020 and thereafter, the first date on which any of the following shall have occurred: (i)&nbsp;Availability is less than
or equal to $75,000,000, (ii)&nbsp;the U.S. Revolving Exposure exceeds an amount equal to 66.667% of the U.S. Line Cap then in effect,
(iii), the Canadian Revolving Exposure exceeds an amount equal to 50% of the Canadian Line Cap then in effect, (iv)&nbsp;the European
Revolving Exposure exceeds an amount equal to 50% of the European Line Cap then in effect, (v)&nbsp;the French Revolving Exposure exceeds
an amount equal to 50% of the French Line Cap then in effect or (vi)&nbsp;the Hong Kong Revolving Exposure exceeds an amount equal to
50% of the Hong Kong Line Cap then in effect.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Commercial Letter of Credit</U>&rdquo; means a letter of
credit or similar instrument (including a bank guarantee) that is (a)&nbsp;issued to provide for the payment of the purchase price for
goods or services purchased by the Company or any Subsidiary and (b)&nbsp;intended to be drawn when such purchase price is due and payable
and not merely upon the occurrence of a default or other contingency.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Commitment</U>&rdquo; means, with respect to each Lender,
such Lender&rsquo;s U.S. Commitment, Canadian Commitment, European Commitment, French Commitment and/or Hong Kong Commitment.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Commodity Account</U>&rdquo; has the meaning set forth in
the applicable Security Agreement.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Communications</U>&rdquo; means, collectively, any written
notice, demand, communication, information, document or other material provided by or on behalf of any Loan Party pursuant to any Loan
Document or the transactions contemplated therein that is distributed to the Administrative Agent, any Lender or any Issuing Bank by means
of electronic communications pursuant to Section&nbsp;9.01, including through an Approved Electronic Platform.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Company</U>&rdquo; has the meaning set forth in the introductory
paragraph of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Compliance Certificate</U>&rdquo; means a Compliance Certificate
in the form of <U>Exhibit&nbsp;D</U> or any other form approved by the Administrative Agent.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Concentration Account</U>&rdquo; means each Deposit Account
maintained with the Administrative Agent or another financial institution reasonably acceptable to the Administrative Agent which is subject
to a Control Agreement (or, in the case of a European Loan Party, French Loan Party or Hong Kong Loan Party, another arrangement with
similar effect (including, but not limited to, a notice and acknowledgement)) pursuant to which the Administrative Agent is given sufficient
access (as reasonably determined by the Administrative Agent) to ensure that the provisions of Section&nbsp;2.10(b)&nbsp;are capable of
being complied with and to require the relevant account bank to follow the instructions of the Administrative Agent if instructions are
given by it (without further consent of any Loan Party or other Person) and which is effective under applicable law to grant the Administrative
Agent a perfected first priority security interest in such Deposit Account (subject to Permitted Liens); and in each case, including the
Primary Concentration Accounts.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Consolidated</U>&rdquo; means, when used with reference to
financial statements or financial statement items of any Person, such statements or items on a consolidated basis in accordance with applicable
principles of consolidation under GAAP.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Consolidated Cash Interest Expense</U>&rdquo; means, for
any period, the excess of (a)&nbsp;the sum of (i)&nbsp;the cash interest expense (including (x)&nbsp;imputed interest expense in respect
of Capital Lease Obligations and Synthetic Lease Obligations, (y)&nbsp;all commissions, discounts and other fees and charges owed with
respect to letters of credit and bankers&rsquo; acceptance financing and (z)&nbsp;net costs under Swap Agreements entered into to hedge
interest rates to the extent such net costs are allocable to such period in accordance with GAAP) of the Company and the Restricted Subsidiaries
for such period, determined on a consolidated basis in accordance with GAAP, (ii)&nbsp;any interest accrued during such period in respect
of Indebtedness of the Company or any Restricted Subsidiary that is required to be capitalized rather than included in consolidated interest
expense for such period in accordance with GAAP, <I>plus</I> (iii)&nbsp;any cash payments made during such period in respect of obligations
referred to in clause (b)(iii)&nbsp;below that were amortized or accrued in a previous period, <I>minus</I> (b)&nbsp;the sum of (i)&nbsp;interest
income of the Company and the Restricted Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP, (ii)&nbsp;to
the extent included in such consolidated interest expense for such period, non-cash amounts attributable to amortization or write-off
of capitalized interest or other financing costs paid in a previous period, <I>plus</I> (iii)&nbsp;to the extent included in such consolidated
interest expense for such period, non-cash amounts attributable to accretion or amortization of debt discounts or accrued interest payable
in kind for such period.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Consolidated EBITDA</U>&rdquo; means, for any period, the
sum of the following determined on a consolidated basis, without duplication, for the Company and its Restricted Subsidiaries in accordance
with GAAP: (a)&nbsp;Consolidated Net Income for such period, <I>plus</I> (b)&nbsp;the sum of the following, without duplication, to the
extent deducted in determining Consolidated Net Income for such period: (i)&nbsp;income and franchise tax expense during such period,
(ii)&nbsp;interest expense (including, without limitation, interest expense attributable to Capital Leases Obligations and Synthetic Lease
Obligations and all net payment obligations pursuant to interest Swap Obligations), (iii)&nbsp;amortization, depreciation and other non-cash
charges for such period (except to the extent that such non-cash charges are reserved for cash charges to be taken in the future), (iv)&nbsp;the
amount of premium payments paid by the Company or its Restricted Subsidiaries, and charges in respect of unamortized fees and expenses,
in each case associated with the repayment of Indebtedness, (v)&nbsp;expenses relating to stock-based compensation plans resulting from
the application of Financial Accounting Standards Board Statement No.&nbsp;123R, and (vi)&nbsp;one-time restructuring charges and reserves,
<I>minus </I>(c)&nbsp;interest income for such period.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Consolidated Fixed Charges</U>&rdquo; means, for any period,
the sum, without duplication, of (a)&nbsp;Consolidated Cash Interest Expense for such period, (b)&nbsp;cash principal payments on Indebtedness
made during such period <FONT STYLE="color: red"><STRIKE>(calculated without giving effect to principal payments on the Existing Term
Loan during the first Fiscal Quarter of 2019)</STRIKE></FONT>, (c)&nbsp;expense for income taxes paid in cash during such period and (d)&nbsp;Restricted
Payments paid in cash during such period pursuant to clauses (a)(iii)&nbsp;and (a)(vi)&nbsp;of Section&nbsp;6.08.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Consolidated Net Income</U>&rdquo; means, for any period,
the net income (or loss) of the Company and its Restricted Subsidiaries for such period, determined on a consolidated basis, without duplication,
in accordance with GAAP; <U>provided</U> that, in calculating Consolidated Net Income of the Company and its Restricted Subsidiaries for
any period, there shall be excluded (a)&nbsp;the net income (or loss) of any Person (other than the Company) that is not a Restricted
Subsidiary except to the extent such net income is actually paid in cash to the Company or any of its Restricted Subsidiaries by dividend
or other distribution during such period, (b)&nbsp;the net income (or loss) of any Person accrued prior to the date it becomes a Restricted
Subsidiary of the Company or any of its Restricted Subsidiaries or is merged into or consolidated with the Company or any of its Restricted
Subsidiaries or that Person&rsquo;s assets are acquired by the Company or any of its Restricted Subsidiaries except to the extent included
pursuant to the foregoing clause (a), and (c)&nbsp;the net income (if positive), of any Restricted Subsidiary to the extent that the declaration
or payment of dividends or similar distributions by such Restricted Subsidiary to the Company or any of its Restricted Subsidiaries of
such net income (i)&nbsp;is not at the time permitted by operation of the terms of its charter or any agreement, instrument, judgment,
decree, order, statute, rule&nbsp;or governmental regulation applicable to such Subsidiary or (ii)&nbsp;would be subject to any taxes
payable on such dividends or distributions.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Control Agreement</U>&rdquo; means, with respect to any Deposit
Account or Securities Account of a Loan Party (a)&nbsp;a &ldquo;springing&rdquo; control agreement, executed and delivered by such Loan
Party, Administrative Agent, and the applicable securities intermediary (with respect to a Securities Account) or bank (with respect to
a Deposit Account) or (b)&nbsp;for such accounts not located in the United States, an analogous document used for equivalent purposes
under comparable law of such jurisdiction, in each case, in form and substance reasonably satisfactory to the Administrative Agent; and
with respect to Deposit Accounts under German law, (x)&nbsp;any agreement to be entered into between the respective Borrower as account
holder, the Administrative Agent and the respective account bank, or (y)&nbsp;a notice of pledge to be served on the respective account
bank and the corresponding acknowledgement, granting sole disposal rights in favor of the Administrative Agent, in each case reasonably
acceptable to the Administrative Agent.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Corresponding Debt</U>&rdquo; has the meaning set forth in
Section&nbsp;8.10(b)(ii).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Corresponding
Tenor&rdquo; with respect to any Available Tenor means, as applicable, either a tenor (including overnight) or an interest payment period
having approximately the same length (disregarding business day adjustment) as such Available Tenor.</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Covenant Period</U>&rdquo; means any period (a)&nbsp;commencing
on any date when Availability shall have been less than the greater of (i)&nbsp;15% of the Line Cap and (ii)&nbsp;$<FONT STYLE="color: red"><STRIKE>30,000,000</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>27,000,000</U></FONT>
and (b)&nbsp;ending on the first day thereafter when Availability shall have been at least the greater of (i)&nbsp;15% of the Line Cap
then in effect and (ii)&nbsp;$<FONT STYLE="color: red"><STRIKE>30,000,000</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>27,000,000</U></FONT>
for at least 30 consecutive days.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;a
 &ldquo;covered entity&rdquo; as that term is defined in, and interpreted in accordance with, 12 C.F.R. &sect; 252.82(b);</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(ii)&nbsp;&nbsp;&nbsp;a
 &ldquo;covered bank&rdquo; as that term is defined in, and interpreted in accordance with, 12 C.F.R. &sect; 47.3(b); or</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(iii)&nbsp;&nbsp;a
 &ldquo;covered FSI&rdquo; as that term is defined in, and interpreted in accordance with, 12 C.F.R. &sect; 382.2(b).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Covered Party</U>&rdquo; has the meaning assigned to it in
Section&nbsp;9.26.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Credit Card Accounts Receivable</U>&rdquo; means any receivables
due to any U.S. Loan Party from a credit card issuer or a credit card processor in connection with purchases of Inventory of such U.S.
Loan Party on (a)&nbsp;credit cards issued by Visa, MasterCard, American Express, Discover, PayPal, Wells Fargo, each of their respective
Affiliates, and any other credit card issuers that are reasonably acceptable to the Administrative Agent, (b)&nbsp;private label credit
cards of any U.S. Loan Party issued under non-recourse arrangements substantially similar to those in effect on the Effective Date or
(c)&nbsp;debit cards and mall cards issued by issuers or providers that are reasonably acceptable to the Administrative Agent, in each
case which have been earned by performance by such U.S. Loan Party but not yet paid to such U.S. Loan Party by such credit card issuer
or credit card processor.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Credit Card Agreement</U>&rdquo; means any agreement between
a U.S. Loan Party, on the one hand, and a credit card issuer or a credit card processor (including any credit card processor that processes
purchases of Inventory from a U.S. Loan Party through debit cards or mall cards), on the other hand.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Credit Card Notifications</U>&rdquo; means each Credit Card
Notification, in form and substance reasonably satisfactory to the Administrative Agent, executed by one or more U.S. Loan Parties and
delivered by such U.S. Loan Parties to credit card issuers or credit card processors that are party to any Credit Card Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Credit Exposure</U>&rdquo; means, as to any Lender at any
time, the sum of (a)&nbsp;such Lender&rsquo;s U.S. Credit Exposure <I>plus</I> (b)&nbsp;such Lender&rsquo;s Canadian Credit Exposure <I>plus</I>
(c)&nbsp;such Lender&rsquo;s European Credit Exposure <I>plus</I> (d)&nbsp;such Lender&rsquo;s French Credit Exposure <I>plus</I> (e)&nbsp;such
Lender&rsquo;s Hong Kong Credit Exposure.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Daily Simple ESTR</U>&rdquo; means, for any Business Day,
an interest rate per annum equal to the <FONT STYLE="color: red"><STRIKE>greater</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>sum</U></FONT>
of (a)&nbsp;ESTR based on the published rate of ESTR as of the Business Day of such request <U>plus</U> (b)&nbsp;0.085% provided that
if the Daily Simple ESTR as so determined would be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement.
Any change to the Daily Simple ESTR due to a change in the applicable ESTR shall be effective from and including the effective date of
such change in the ESTR without notice to the Borrower.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Daily Simple RFR</U>&rdquo; means, for any <FONT STYLE="color: red"><STRIKE>RFR
Loan denominated in Pounds Sterling and for any </STRIKE></FONT>day (an &ldquo;<U>RFR Interest Day</U>&rdquo;), <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>for
any RFR Loan denominated in (i)&nbsp;Pounds Sterling, </U></FONT>an interest rate per annum equal to the greater of (a)&nbsp;SONIA (i)&nbsp;published
on such day (where the Daily Simple RFR is used as an element of the Overnight Rate) or (ii)&nbsp;for all other purposes, for the day
that is 5 Business Days prior to (A)&nbsp;if such RFR Interest Day is a Business Day, such RFR Interest Day or (B)&nbsp;if such RFR Interest
Day is not a Business Day, the Business Day immediately preceding such RFR Interest Day and (b)&nbsp;0.00%<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>,
and (ii)&nbsp;Dollars, Adjusted Daily Simple SOFR</U></FONT>. Any change in Daily Simple RFR due to a change in the RFR shall be effective
from and including the effective date of such change in the RFR without notice to the Borrower Representative.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Daily
Simple SOFR&rdquo; means, for any day (a &ldquo;SOFR Rate Day&rdquo;), a rate per annum equal to SOFR for the day (such day, the &ldquo;SOFR
Determination Date&rdquo;) that is five (5)&nbsp;Business Days prior to (i)&nbsp;if such SOFR Rate Day is a Business Day, such SOFR Rate
Day or (ii)&nbsp;if such SOFR Rate Day is not a Business Day, the Business Day immediately preceding such SOFR Rate Day, in each case,
as such SOFR is published by the SOFR Administrator on the SOFR Administrator&rsquo;s Website. Any change in Daily Simple SOFR due to
a change in SOFR shall be effective from and including the effective date of such change in SOFR without notice to the Borrower Representative.</U></FONT></P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Defaulting Lender</U>&rdquo; means any Lender, as determined
by the Administrative Agent, that has (a)&nbsp;failed to fund any portion of its Loans or participations in Letters of Credit, Swingline
Loans, Protective Advances or Overadvances within three Business Days of the date required to be funded by it hereunder, (b)&nbsp;notified
any Borrower, the Administrative Agent, any Issuing Bank, the Swingline Lender or any Lender in writing that it does not intend to comply
with any of its funding obligations under this Agreement or has made a public statement to the effect that it does not intend to comply
with its funding obligations under this Agreement or under other agreements in which it commits to extend credit, (c)&nbsp;failed, within
three Business Days after request by the Administrative Agent, to confirm that it will comply with the terms of this Agreement relating
to its obligations to fund prospective Loans and participations in then outstanding Letters of Credit, Swingline Loans, Protective Advances
or Overadvances, (d)&nbsp;otherwise failed to pay over to the Administrative Agent or any other Lender any other amount required to be
paid by it hereunder within three Business Days of the date when due, unless the subject of a good faith dispute, or (e)(i)&nbsp;become
or is insolvent or has a parent company that has become or is insolvent, (ii)&nbsp;become the subject of a bankruptcy or insolvency case
or proceeding under any Insolvency Laws or otherwise, or has had a receiver, conservator, trustee or custodian appointed for it, or has
taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in any such case or proceeding or appointment
or has a parent company that has become the subject of a bankruptcy or insolvency case or proceeding under any Insolvency Laws or otherwise,
or has had a receiver, conservator, trustee or custodian appointed for it, or has taken any action in furtherance of, or indicating its
consent to, approval of or acquiescence in any such case or proceeding or appointment or (iii)&nbsp;has become the subject of a Bail-In
Action; <U>provided</U> that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity
interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest
does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement
of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow
or disaffirm any contracts or agreements made with such Lender. Notwithstanding the foregoing, in no event shall a Lender providing any
French Revolving Loans for the account or benefit of any French Subsidiary be deemed a Defaulting Lender as a result of its inability
to fund any portion of such Loans, as required to be funded by it, as a result of a Change in Law or circumstances, following the Effective
Date, that causes it to cease to be a French Authorized Lender.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Deposit Account</U>&rdquo; means each checking, savings or
other demand deposit account maintained by any of the Loan Parties.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Designated Noncash Consideration</U>&rdquo; means the fair
market value of noncash consideration received by the Company or any of its Restricted Subsidiaries in connection with an asset sale that
is so designated as Designated Noncash Consideration pursuant to a certificate of a Financial Officer of the Company delivered to the
Administrative Agent setting forth the basis of such valuation, less the amount of cash and Cash Equivalents received in connection with
a subsequent sale of such Designated Noncash Consideration.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Designated Obligations</U>&rdquo; has the meaning set forth
in Section&nbsp;9.19(a).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Designated Subsidiary</U>&rdquo; means each Subsidiary other
than any Excluded Subsidiary.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Disposition</U>&rdquo; or &ldquo;<U>Dispose</U>&rdquo; means
the sale, transfer, license, lease or other disposition (in one transaction or in a series of transactions and whether effected pursuant
to a Division or otherwise) of any property by any Person (including any sale and leaseback transaction and any issuance of Equity Interests
by a Subsidiary of such Person), including any sale, assignment, transfer or other disposal, with or without recourse, of any notes or
accounts receivable or any rights and claims associated therewith.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Disqualified Stock</U>&rdquo; means any Equity Interests
which, by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable), or upon the happening
of any event, (a)&nbsp;matures (excluding any maturity as the result of an optional redemption by the issuer thereof) or is mandatorily
redeemable, pursuant to a sinking fund obligation or otherwise, or is redeemable at the option of the holder thereof, in whole or in part,
or requires the payment of any cash dividend or any other scheduled payment constituting a return of capital (other than any payment solely
in Equity Interests (other than any Equity Interest referred to in this clause (a)), in each case at any time on or prior to the date
that is 91 days after the Scheduled Maturity Date, or (b)&nbsp;is convertible into or exchangeable (unless at the sole option of the issuer
thereof) for (i)&nbsp;cash, (ii)&nbsp;debt securities or (iii)&nbsp;any Equity Interests referred to in (a)&nbsp;above, in each case at
any time prior to the date that is 91 days after the Scheduled Maturity Date. Notwithstanding the foregoing, any Equity Interests that
would constitute Disqualified Stock solely because holders of the Equity Interests have the right to require the issuer of such Equity
Interests to repurchase such Equity Interests upon the occurrence of a change of control or an asset sale will not constitute Disqualified
Stock if the terms of such Equity Interests provide that the issuer may not repurchase or redeem any such Equity Interests pursuant to
such provisions unless such repurchase or redemption is permitted under the terms of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Dividing Person</U>&rdquo; has the meaning assigned to it
in the definition of &ldquo;Division.&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Division</U>&rdquo; means the division of the assets, liabilities
and/or obligations of a Person (the &ldquo;<U>Dividing Person</U>&rdquo;) among two or more Persons (whether pursuant to a &ldquo;plan
of division&rdquo; or similar arrangement), which may or may not include the Dividing Person and pursuant to which the Dividing Person
may or may not survive.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Division Successor</U>&rdquo; means any Person that, upon
the consummation of a Division of a Dividing Person, holds all or any portion of the assets, liabilities and/or obligations previously
held by such Dividing Person immediately prior to the consummation of such Division (other than any Person that is not a Restricted Subsidiary
to which any such assets are so transferred pursuant to clause (a)(v)(x)(2)&nbsp;of Section&nbsp;6.03 in a Disposition permitted by Section&nbsp;6.05).
A Dividing Person which retains any of its assets, liabilities and/or obligations after a Division shall be deemed a Division Successor
upon the occurrence of such Division.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Document</U>&rdquo; has the meaning set forth in the U.S.
Security Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Documentation
Agent&rdquo; means Bank of America, N.A., in its capacity as documentation agent for the credit facility established hereby.</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Dollar Equivalent</U>&rdquo; means, for any amount, at the
time of determination thereof, (a)&nbsp;if such amount is expressed in Dollars, such amount, (b)&nbsp;if such amount is expressed in an
Alternative Currency, the equivalent of such amount in dollars determined by using the rate of exchange for the purchase of Dollars with
the Alternative Currency last provided (either by publication or otherwise provided to the Administrative Agent) by the applicable Thompson
Reuters Corp. (&ldquo;<U>Reuters</U>&rdquo;) source on the Business Day (New York City time) immediately preceding the date of determination
or if such service ceases to be available or ceases to provide a rate of exchange for the purchase of dollars with the Alternative Currency,
as provided by such other publicly available information service which provides that rate of exchange at such time in place of Reuters
chosen by the Administrative Agent in its sole discretion (or if such service ceases to be available or ceases to provide such rate of
exchange, the equivalent of such amount in dollars as determined by the Administrative Agent using any method of determination it deems
appropriate in its sole discretion) and (c)&nbsp;if such amount is denominated in any other currency, the equivalent of such amount in
dollars as determined by the Administrative Agent using any method of determination it deems appropriate in its sole discretion.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Domestic Subsidiary</U>&rdquo; means any Subsidiary of the
Company that is organized under the laws of the United States, any state of the United States or the District of Columbia.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Dominion Period</U>&rdquo; means any period (a)&nbsp;during
which any Event of Default has occurred and is continuing or (b)&nbsp;during a Reduced Availability Period.</P>

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Effective Date</U>&rdquo; means September&nbsp;26, 2019.</P>

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Eligible Accounts</U>&rdquo; means, at any time, each Account
that satisfies the following criteria at the time of creation and continues to meet the same at the time of such determination: such Account
(i)&nbsp;has been earned by performance and represents the bona fide amounts due to a Loan Party and in each case is originated in the
ordinary course of business of such Loan Party, and (ii)&nbsp;in each case is not ineligible for inclusion in the calculation of the Borrowing
Base pursuant to any of clauses (a)&nbsp;through (bb) below. Without limiting the foregoing, to qualify as an Eligible Account, such Account
shall indicate no Person other than a Loan Party as payee or remittance party. Any Account included within any of the following categories
shall not constitute an Eligible Account:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(a)&nbsp;&nbsp;which
is not subject to a first priority perfected security interest (subject to any Liens specified in clause (b)(i), (ii), (iii), (iv)&nbsp;or
(v)&nbsp;of this definition) in favor of the Administrative Agent (for the benefit of the Lender Parties);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(b)&nbsp;&nbsp;which
is subject to any Lien other than (i)&nbsp;a Lien in favor of the Administrative Agent, (ii)&nbsp;a Permitted Encumbrance (a)&nbsp;for
which appropriate Reserves (as determined by the Administrative Agent in its Permitted Discretion) have been established or (b)&nbsp;which
does not have priority over the Lien in favor of the Administrative Agent, (iii)&nbsp;Liens in respect of Prior Claims that are unregistered
and that secure amounts that are not yet due and payable and (iv)&nbsp;Liens that are subject to the Intercreditor Agreement;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(c)&nbsp;&nbsp;(i)&nbsp;with
respect to which the scheduled due date is more than 90 days after the date of the original invoice therefor (or, in respect of the French
Borrower, the scheduled due date is more than the maximum payment terms authorized under the French Commercial Code), (ii)&nbsp;which
is unpaid more than 90 days after the date of the original invoice therefor or more than 60 days after the original due date therefor
or (iii)&nbsp;which has been written off the books of such Borrower or otherwise designated as uncollectible;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(d)&nbsp;&nbsp;which
is owing by an Account Debtor for which more than 50% of the Accounts owing from such Account Debtor and its Affiliates are ineligible
pursuant to clause (c)&nbsp;above;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(e)&nbsp;&nbsp;which
is owing by an Account Debtor to the extent the aggregate amount of Accounts owing from such Account Debtor and its Affiliates to all
Loan Parties exceeds 25% of the aggregate amount of Eligible Accounts of all Loan Parties;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(f)&nbsp;&nbsp;&nbsp;with
respect to which any covenant contained in this Agreement or in the applicable Security Agreement has been breached (unless and until
such breach is cured) in any material respect or any representation or warranty contained in this Agreement or in the applicable Security
Agreement is not true in any material respect;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(g)&nbsp;&nbsp;which
(i)&nbsp;does not arise from the sale of goods or performance of services in the ordinary course of business, (ii)&nbsp;is not evidenced
by an invoice or other documentation (the form of which is reasonably satisfactory to the Administrative Agent) which has been sent to
the Account Debtor, (iii)&nbsp;represents a progress billing, (iv)&nbsp;is contingent upon such Loan Party&rsquo;s completion of any further
performance, (v)&nbsp;represents a sale on a bill-and-hold, guaranteed sale, sale-and-return, sale on approval, consignment, cash-on-delivery
or any other repurchase or return basis (other than return rights for defective goods or repairs available in the ordinary course of business)
or (vi)&nbsp;relates solely to payments of interest;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(h)&nbsp;&nbsp;&nbsp;for
which the goods giving rise to such Account have not been shipped to the Account Debtor or for which the services giving rise to such
Account have not been performed by such Loan Party;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(i)&nbsp;&nbsp;&nbsp;&nbsp;with
respect to which any check or other instrument of payment has been returned uncollected for any reason;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(j)&nbsp;&nbsp;&nbsp;&nbsp;which
is owed by an Account Debtor which has (i)&nbsp;applied for, suffered, or consented to the appointment of any receiver, custodian, trustee,
administrator or liquidator or similar official for such Account Debtor of its assets, (ii)&nbsp;had possession of all or a material part
of its property taken by any receiver, custodian, trustee or liquidator, (iii)&nbsp;filed, or had filed against it, any assignment, application,
request or petition for liquidation, reorganization, arrangement, adjustment of debts, stay of proceedings, adjudication as bankrupt,
winding-up, or voluntary or involuntary case or proceeding under any state, provincial or federal bankruptcy laws or any other Insolvency
Laws (other than post-petition accounts payable of an Account Debtor that is a debtor-in-possession under the Bankruptcy Code and reasonably
acceptable to the Administrative Agent), (iv)&nbsp;admitted in writing its inability to pay its debts as they become due, or (v)&nbsp;ceased
operation of its business as a going concern;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(k)&nbsp;&nbsp;&nbsp;which
is owed by any Account Debtor which has sold all or substantially all of its assets;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(l)&nbsp;&nbsp;&nbsp;&nbsp;which
in the case of (i)&nbsp;Accounts owing to a US Borrower or Canadian Borrower is owed by an Account Debtor which (A)&nbsp;does not maintain
its chief executive office in the U.S. or Canada (or its domicile, for the purposes of the Civil Code (Quebec)) or (B)&nbsp;is not organized
under applicable law of the U.S., any state of the U.S., the District of Columbia, or Canada or any province or territory thereof unless,
in any such case, such Account is backed by a letter of credit acceptable to the Administrative Agent which is in the possession of, and
is directly drawable by, the Administrative Agent or (ii)&nbsp;Accounts owing to a European Borrower, a French Borrower or a Hong Kong
Borrower, which is owed by an Account Debtor which is not incorporated or established in an Eligible Debtor Jurisdiction;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(m)&nbsp;&nbsp;which
is owed in any currency other than (i)&nbsp;with respect to Accounts of the U.S. Loan Parties, U.S. dollars or (ii)&nbsp;with respect
to Accounts of a Foreign Borrower, U.S. dollars or an Alternative Currency;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(n)&nbsp;&nbsp;&nbsp;which
is owed by (i)&nbsp;any Governmental Authority of any country other than the U.S. or Canada unless such Account is backed by a Letter
of Credit acceptable to the Administrative Agent which is in the possession of, and is directly drawable by, the Administrative Agent,
or (ii)&nbsp;any Governmental Authority of the U.S. or Canada, or any department, agency, public corporation, or instrumentality thereof,
unless the <I>Financial Administration Act</I> (Canada), as amended, (or the equivalent law of any province of Canada, if any, in the
case of a Governmental Authority of such province) or the Federal Assignment of Claims Act of 1940, as amended (31 U.S.C. &sect; 3727
<I>et seq</I>. and 41 U.S.C. &sect; 15 <I>et seq</I>.), as applicable, and any other steps necessary to perfect the Lien of the Administrative
Agent in such Account have been complied with to the Administrative Agent&rsquo;s satisfaction;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(o)&nbsp;&nbsp;&nbsp;which
is owed by any Affiliate of any Loan Party or any employee, officer, or director of any Loan Party;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(p)&nbsp;&nbsp;&nbsp;which
is owed by an Account Debtor or any Affiliate of such Account Debtor to which any Loan Party is indebted, but only to the extent of such
indebtedness, or is subject to any security, deposit, progress payment, retainage or other similar advance made by or for the benefit
of an Account Debtor, in each case to the extent thereof;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(q)&nbsp;&nbsp;&nbsp;which
is subject to any counterclaim, deduction, defense, setoff or dispute but only to the extent of any such counterclaim, deduction, defense,
setoff or dispute or which is subject to any netting or similar arrangements, including, with respect to German law governed Accounts,
a current account arrangement (<I>Kontokorrentabrede</I>) with the respective Account Debtor;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(r)&nbsp;&nbsp;&nbsp;&nbsp;which
is evidenced by any promissory note, chattel paper or instrument;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(s)&nbsp;&nbsp;&nbsp;which
is owed by an Account Debtor (i)&nbsp;located in any jurisdiction which requires filing of a &ldquo;Notice of Business Activities Report&rdquo;
or other similar report in order to permit such Loan Party to seek judicial enforcement in such jurisdiction of payment of such Account,
unless (A)&nbsp;such Loan Party has filed such report or qualified to do business in such jurisdiction or (B)&nbsp;the Administrative
Agent is satisfied in its Permitted Discretion in consultation with the Company that the failure to file such report and inability to
seek judicial enforcement can be remedied without material delay or material cost or (ii)&nbsp;which is a Sanctioned Person;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(t)&nbsp;&nbsp;&nbsp;&nbsp;with
respect to which such Loan Party has made any agreement with the Account Debtor for any reduction thereof, other than discounts and adjustments
given in the ordinary course of business, but only to the extent of any such reduction, or any Account which was partially paid and such
Loan Party created a new receivable for the unpaid portion of such Account;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(u)&nbsp;&nbsp;&nbsp;which
does not comply in all material respects with the requirements of all material applicable laws and regulations, whether Federal (U.S.
or Canadian), state, provincial, territorial or local, including without limitation the U.S. Federal Consumer Credit Protection Act, the
U.S. Federal Truth in Lending Act and Regulation Z of the <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Federal Reserve </U></FONT>Board
<FONT STYLE="color: red"><STRIKE>of Governors</STRIKE></FONT>;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(v)&nbsp;&nbsp;&nbsp;which
is for goods that have been sold under a purchase order or pursuant to the terms of a contract or other agreement or understanding (written
or oral) that indicates or purports that any Person other than such Loan Party has or has had an ownership interest in such goods, or
which indicates any party other than such Loan Party as payee or remittance party;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(w)&nbsp;&nbsp;which
was created on cash on delivery terms;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(x)&nbsp;&nbsp;&nbsp;which
is an Account of an Acquired Entity or Business acquired in connection with a Permitted Acquisition or similar Investment, until the completion
of a field examination satisfactory to the Administrative Agent in its Permitted Discretion with respect to such Accounts;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(y)&nbsp;&nbsp;which
the Administrative Agent determines, in its Permitted Discretion, may not be paid by reason of the Account Debtor&rsquo;s inability to
pay or which the Administrative Agent otherwise determines is unacceptable in its Permitted Discretion; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(z)&nbsp;&nbsp;&nbsp;with
respect to the French Borrowers, (A)&nbsp;any Account that is owed by an Account Debtor which is a consumer (<I>consommateur</I>) within
the meaning of the French Consumer Code, (B)&nbsp;any Account that is not a professional receivable (<I>cr&eacute;ance professionnelle</I>)
within the meaning of the French Monetary and Financial Code or (C)&nbsp;any Account that is not an Account evidenced by any promissory
note, bill of exchange (including <I>lettre de change or billet &agrave; ordre</I>), chattel paper or instrument (unless endorsed in favor
of the Administrative Agent);</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(aa)&#9;&nbsp;&nbsp;&nbsp;which, in respect
of any European Borrower, French Borrower or Hong Kong Borrower, is subject to any limitation on assignment or other restriction (whether
arising by operation of law, by agreement or otherwise) which would, under the local governing law of the contract creating such Account,
have the effect of restricting the assignment for or by way of security or the creation of security over such Account generally, in each
case unless (i)&nbsp;the applicable account debtor has waived such restrictions, or (ii)&nbsp;such restriction does not affect or impair
the validity of the security interest with respect to such Account or (iii)&nbsp;the Administrative Agent has determined that such limitation
is not enforceable; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(bb)&#9;&nbsp;&nbsp;as to which the contract
or agreement underlying such Account is governed by (or, if no governing law is expressed therein, is deemed to be governed by) the laws
of any jurisdiction other than (i)&nbsp;in the case of any European Borrower or French Borrower, any Eligible Contract Jurisdictions (European
and French Borrowers) or (ii)&nbsp;in the case of a Hong Kong Borrower, any Eligible Contract Jurisdictions (Hong Kong Borrowers).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In the event that Accounts having an aggregate fair market value of
$10,000,000 or more which were previously Eligible Accounts cease, to the actual knowledge of a Financial Officer of the Company, to be
Eligible Accounts hereunder, the Borrower Representative shall notify the Administrative Agent thereof promptly, and in any event no later
than the time of submission to the Administrative Agent of the next Borrowing Base Certificate. In determining the amount of an Eligible
Account of a Loan Party, the face amount of an Account may, in the Administrative Agent&rsquo;s Permitted Discretion, be reduced by, without
duplication, to the extent not reflected in such face amount, (i)&nbsp;the amount of all accrued and actual discounts, claims, credits
or credits pending, promotional program allowances, price adjustments or finance charges (including any amount that such Loan Party may
be obligated to rebate to an Account Debtor pursuant to the terms of any agreement or understanding (written or oral)) and (ii)&nbsp;the
aggregate amount of all cash received in respect of such Account but not yet applied by such Loan Party to reduce the amount of such Account.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Eligible Assignee</U>&rdquo; means (a)&nbsp;a Lender, (b)&nbsp;an
Affiliate of a Lender, (c)&nbsp;an Approved Fund and (d)&nbsp;any other Person, other than, in each case, a natural person or the Company,
any Subsidiary or any other Affiliate of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Eligible Contract Jurisdictions (European and French Borrowers)</U>&rdquo;
means each of Austria, Belgium, France, Germany, Luxembourg, the Netherlands, Switzerland, the United Kingdom and the United States of
America, <U>provided</U> that the Administrative Agent may, in its Permitted Discretion, remove one or more of the countries comprising
the Eligible Contract Jurisdictions (European and French Borrowers) and subsequently add one or more countries back as Eligible Contract
Jurisdictions (European and French Borrowers).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Eligible Contract Jurisdictions (Hong Kong Borrowers)</U>&rdquo;
means each of Australia, Hong Kong, New Zealand, Norway and Singapore, <U>provided</U> that the Administrative Agent may, in its Permitted
Discretion, remove one or more of the countries comprising the Eligible Contract Jurisdictions (Hong Kong Borrowers) and subsequently
add one or more countries back as Eligible Contract Jurisdictions (Hong Kong Borrowers).</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Eligible Credit Card Accounts Receivable</U>&rdquo; means
at the time of any determination thereof, each Credit Card Accounts Receivable that satisfies the following criteria at the time of creation
and continues to meet the same at the time of such determination: such Credit Card Accounts Receivable (i)&nbsp;has been earned by performance
and represents the bona fide amounts due to a U.S. Loan Party from a credit card issuer or credit card processor, and in each case is
originated in the ordinary course of business of such U.S. Loan Party, and (ii)&nbsp;in each case is not ineligible for inclusion in the
calculation of the Borrowing Base pursuant to any of clauses (a)&nbsp;through (<FONT STYLE="color: red"><STRIKE>n</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>o</U></FONT>)
below. Without limiting the foregoing, to qualify as an Eligible Credit Card Accounts Receivable, such Credit Card Accounts Receivable
shall indicate no Person other than a U.S. Loan Party as payee or remittance party. In determining the amount to be so included, the face
amount of a Credit Card Accounts Receivable may, in the Administrative Agent&rsquo;s Permitted Discretion, be reduced by, without duplication,
to the extent not reflected in such face amount, (i)&nbsp;the amount of all accrued and actual fees and charges due to the credit card
issuer or credit card processor, discounts, claims, credits or credits pending, promotional program allowances, price adjustments, finance
charges or other allowances (including any amount that a U.S. Loan Party may be obligated to rebate to a customer, a credit card issuer
or credit card processor pursuant to the terms of any agreement or understanding) and (ii)&nbsp;the aggregate amount of all cash received
in respect of such Credit Card Accounts Receivable but not yet applied by the U.S. Loan Parties to reduce the amount of such Credit Card
Accounts Receivable. Any Credit Card Accounts Receivable included within any of the following categories shall not constitute an Eligible
Credit Card Accounts Receivable:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(a)&nbsp;&nbsp;&nbsp;which
is not earned or does not represent the bona fide amount due to a U.S. Loan Party from a credit card processor or a credit card issuer
that originated in the ordinary course of business of the applicable U.S. Loan Party;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(b)&nbsp;&nbsp;&nbsp;which
is not owned by a U.S. Loan Party or to which a U.S. Loan Party does not have good or marketable title;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(c)&nbsp;&nbsp;&nbsp;in
which the payee of such Credit Card Account Receivable is a Person other than a U.S. Loan Party;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(d)&nbsp;&nbsp;&nbsp;which
does not constitute an &ldquo;Account&rdquo; (as defined in the UCC or the PPSA) or a Payment Intangible;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(e)&nbsp;&nbsp;&nbsp;which
has been outstanding for more than five Business Days from the date of sale;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(f)&nbsp;&nbsp;&nbsp;&nbsp;with
respect to which the applicable credit card issuer, credit card processor or debit card or mall card issuer or provider has (i)&nbsp;applied
for, suffered, or consented to the appointment of any receiver, interim receiver, custodian, trustee, monitor, administrator, sequestrator
or liquidator of its assets, (ii)&nbsp;has had possession of all or a material part of its property taken by any receiver, interim receiver,
custodian, trustee, monitor, administrator, sequestrator or liquidator, (iii)&nbsp;filed, or had filed against it (but only so long as
any such involuntary filing has not been stayed or vacated), any request or petition for liquidation, reorganization, arrangement, adjustment
of debts, adjudication as bankrupt, winding-up, or voluntary or involuntary case under any state, provincial, territorial or federal bankruptcy
laws, (iv)&nbsp;has admitted in writing its inability to pay its debts as they become due or (v)&nbsp;ceased operation of its business
as a going concern;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(g)&nbsp;&nbsp;&nbsp;which
is not a valid, legally enforceable obligation of the applicable credit card issuer or credit card processor with respect thereto;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(h)&nbsp;&nbsp;&nbsp;which
is not subject to a properly perfected first priority security interest (subject to any Liens specified in clause (i)&nbsp;below) in favor
of the Administrative Agent (for the benefit of the Lender Parties);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(i)&nbsp;&nbsp;&nbsp;&nbsp;which
is subject to any Lien, other than (i)&nbsp;a Lien in favor of the Administrative Agent (for the benefit of the Lender Parties), (ii)&nbsp;any
Permitted Encumbrances (a)&nbsp;which are contemplated by the applicable processor agreements and for which appropriate Reserves (as determined
by the Administrative Agent in its Permitted Discretion) have been established or (b)&nbsp;which do not have priority over the Lien in
favor of the Administrative Agreement (for the benefit of the Lender Parties), (iii)&nbsp;Liens in respect of Prior Claims that are unregistered
and secure amounts that are not yet due and payable and (iv)&nbsp;Liens that are subject to the Intercreditor Agreement;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(j)&nbsp;&nbsp;&nbsp;&nbsp;with
respect to which (i)&nbsp;any covenant has been breached (unless and until such breach is cured) in any material respect or (ii)&nbsp;any
representation or warranty is not true in any material respects, in each case to the extent contained in this Agreement, the applicable
Security Agreement or in the credit card agreements relating to such Credit Card Account Receivable; <U>provided</U> that each such representation
and warranty shall be true and correct in all respects to the extent already qualified by a materiality standard;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(k)&nbsp;&nbsp;&nbsp;which
is evidenced by &ldquo;chattel paper&rdquo; or an &ldquo;instrument&rdquo; of any kind unless such &ldquo;chattel paper&rdquo; or &ldquo;instrument&rdquo;
is in the possession of the Administrative Agent, and to the extent necessary or appropriate, endorsed to the Administrative Agent;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(l)&#8239;&#8239;&nbsp;which the Administrative Agent in its Permitted
Discretion determines may not be paid by reason of the applicable credit card processor&rsquo;s, credit card issuer&rsquo;s or debit card
or mall card issuer&rsquo;s or provider&rsquo;s inability to pay;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(m)&nbsp;&nbsp;which
represents a deposit or partial payment in connection with the purchase of Inventory of such U.S. Loan Party;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(n)&nbsp;&nbsp;&nbsp;which
is not subject to a Credit Card Notification; or</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(o)&nbsp;&nbsp;&nbsp;which
is a Credit Card Accounts Receivable of an Acquired Entity or Business acquired in connection with a Permitted Acquisition or similar
Investment, until the completion of a field examination satisfactory to the Administrative Agent in its Permitted Discretion with respect
to such Credit Card Accounts Receivable.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In the event that (a)&nbsp;a Financial Officer of the Company has actual
knowledge that any credit card issuer, credit card processor or debit card or mall card issuer or provider with respect to Eligible Credit
Card Accounts Receivable ceases to comply with the requirements of clause (f)&nbsp;above or (b)&nbsp;Credit Card Account Receivables having
an aggregate fair market value of $5,000,000 or more which were previously Eligible Credit Card Account Receivables cease to be Eligible
Credit Card Account Receivables hereunder (other than by reason of clause (l)&nbsp;above), the applicable U.S. Loan Party or the Borrower
Representative shall notify the Administrative Agent thereof promptly, and in any event not later than the time of submission to the Administrative
Agent of the next Borrowing Base Certificate.</P>

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

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

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

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

<!-- Field: Split-Segment; Name: 4 -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Eligible Debtor Jurisdiction</U>&rdquo; means each of Australia,
Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Hong Kong,&nbsp;Italy,&nbsp;Ireland, Luxembourg, the Netherlands,
New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom and the United States of America; <U>provided</U>
that the Administrative Agent may, in its Permitted Discretion, remove one or more of the countries comprising the Eligible Debtor Jurisdictions
and subsequently add one or more countries back as Eligible Debtor Jurisdictions.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Eligible Finished Goods Inventory</U>&rdquo; means, as of
the date of determination thereof, without duplication, items of Inventory of a Loan Party that are finished goods, merchantable and readily
saleable in the ordinary course of the Loan Parties&rsquo; business, in each case that is not excluded as ineligible by virtue of one
or more of the criteria set forth below. The following items of Inventory shall not be included in Eligible Finished Goods Inventory:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(a) &#8239;&#8239;&#8239;which
is not subject to a first priority perfected Lien (subject to any Liens specified in clause (b)(i), (ii), (iii), (iv)&nbsp;or (v)&nbsp;of
this definition) in favor of the Administrative Agent (for the benefit of the Lender Parties) which is governed by the laws of the jurisdiction
in which the Inventory in question is located or, in respect of Inventory which is in-transit in accordance with clause (h)&nbsp;of this
definition, the laws of the jurisdiction to which the Inventory is in-transit;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(b)&#8239;&#8239;&#8239;&#8239;which
is subject to any Lien other than (i)&nbsp;a Lien in favor of the Administrative Agent (for the benefit of the Lender Parties), (ii)&nbsp;a
Permitted Encumbrance (a)&nbsp;for which appropriate Reserves (as determined by the Administrative Agent in its Permitted Discretion)
have been established or (b)&nbsp;which does not have priority over the Lien in favor of the Administrative Agent (for the benefit of
the Lender Parties), (iii)&nbsp;Liens in respect of Prior Claims that are unregistered and secure amounts that are not yet due and payable,
and (iv)&nbsp;Liens that are subject to the Intercreditor Agreement;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(c) &#8239;&#8239;&#8239;which
is unmerchantable, defective, damaged or unfit for sale (as such terms are customarily used in the Loan Parties&rsquo; industry), or is
not salable at prices approximating at least the cost of such Inventory in the ordinary course of business or is unacceptable due to age,
type, category and/or quantity, in each case, consistent with the usage of such terms in the most recent inventory appraisal received
by the Administrative Agent as contemplated hereby;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(d) &#8239;&#8239;&#8239;with
respect to which any covenant contained in this Agreement or in the applicable Security Agreement has been breached (unless and until
such breach is cured) in any material respect or any representation or warranty contained in this Agreement or the applicable Security
Agreement has been breached in any material respect or is not true in any material respect or which does not conform in all material respects
to all standards imposed by any applicable Governmental Authority;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(e) &#8239;&#8239;&#8239;in
which any Person other than such Loan Party shall (i)&nbsp;have any direct or indirect ownership, interest or title to such Inventory
or (ii)&nbsp;be indicated on any purchase order or invoice with respect to such Inventory as having or purporting to have an interest
therein;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(f) &#8239;&#8239;&#8239;&#8239;which
consists of goods that are obsolete, slow moving, restrictive or custom items or otherwise is manufactured in accordance with customer-specific
requirements, work-in-process, raw materials, or goods that constitute spare parts, packaging and shipping materials, supplies used or
consumed in the Loan Parties&rsquo; business, bill and hold goods, defective goods, &ldquo;seconds,&rdquo; or Inventory acquired on consignment;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(g) &#8239;&#8239;&#8239;which
consist of goods held for sale at all retail, factory and outlet stores which are not located in the United States, Canada, Germany or
England and Wales, <U>provided</U> that, subject to adjustment by the Administrative Agent in its Permitted Discretion, (i)&nbsp;to the
extent located in Germany, only up to $15,000,000 of such goods located in Germany shall be Eligible Finished Goods Inventory and (ii)&nbsp;to
the extent located in England and Wales, only up to $10,000,000 of such goods located in England and Wales shall be Eligible Finished
Goods Inventory;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(h) &#8239;&#8239;&#8239;which
is not located in (i)&nbsp;the continental United States, Germany, Hong Kong or Singapore (in each case, with respect to Inventory owned
by the U.S. Loan Parties); <U>provided</U>, that, with respect to such Inventory located in Germany, Hong Kong or Singapore, the applicable
U.S. Loan Parties shall have entered into local law security agreements with respect to such Inventory in a form reasonably satisfactory
to the Administrative Agent; <U>provided</U>, <U>further</U>, that with respect to such Inventory located in Singapore, only up to an
amount of such Inventory equal to the Singapore Inventory Amount shall be Eligible Finished Goods Inventory, (ii)&nbsp;Germany (with respect
to Inventory owned by the German Borrowers or the Swiss Borrowers), (iii)&nbsp;Hong Kong (with respect to Inventory owned by the Hong
Kong Borrowers), (iv)&nbsp;England and Wales (with respect to Inventory owned by the UK Borrowers) or (v)&nbsp;Canada (with respect to
Inventory owned by the Canadian Borrowers), or which is in-transit unless in-transit from a location of a Loan Party to another location
of a Loan Party, <U>provided</U>, that, (i)(x)&nbsp;for so long as such Inventory is in-transit (A)&nbsp;it complies with the criterion
at clause (a)&nbsp;of this definition, (B)&nbsp;the Administrative Agent has received evidence of satisfactory casualty insurance naming
the Administrative Agent as loss payee and otherwise covering such risks as the Administrative Agent may reasonably request and (C)&nbsp;the
Administrative Agent has implemented a Reserve for the amount of shipping costs including but not limited to any costs payable to the
shipper or customs broker and (y)&nbsp;following the commencement of a Dominion Period, the Administrative Agent shall have received (1)&nbsp;a
true and correct copy of the bill of lading and other shipping documents for such Inventory (and, if such Inventory is in transit outside
the United States, such bill of lading is negotiable), (2)&nbsp;confirmation that the applicable Loan Party has title to such Inventory
(together with such evidence thereof as the Administrative Agent may from time to time require) and (3)&nbsp;if the bill of lading is
(A)&nbsp;non-negotiable, a duly executed Collateral Access Agreement of other bailee agreement reasonably satisfactory to the Administrative
Agent from the applicable customs broker or other Person acting in a similar capacity for such Inventory, or (B)&nbsp;negotiable, confirmation
that the bill is issued in the name of such Loan Party and consigned to the order of the Administrative Agent, and a reasonably acceptable
agreement has been executed with such Loan Party&rsquo;s customs broker or other Person acting in a similar capacity, in which the customs
broker or other Person agrees that it holds the negotiable bill as agent for the Administrative Agent and will follow instructions of
the Administrative Agent with respect to the disposition thereof and of the goods, (ii)&nbsp;the common carrier is not an Affiliate of
the applicable vendor or supplier and (iii)&nbsp;the customs broker is not an Affiliate of any Loan Party;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(i) &#8239;&#8239;&#8239;&#8239;which
is located in any location leased by the applicable Loan Party unless (i)&nbsp;the lessor (and any mortgagee, if applicable) has delivered
to the Administrative Agent a Collateral Access Agreement or (ii)&nbsp;a Rent Reserve has been established by the Administrative Agent
in its Permitted Discretion;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(j) &#8239;&#8239;&#8239;&#8239;which
is located at an owned location subject to mortgage in favor of a Person other than the Administrative Agent, unless the mortgagee is
party to the Intercreditor Agreement or has delivered a Collateral Access Agreement or other mortgagee agreement in form and substance
satisfactory to the Administrative Agent in its Permitted Discretion;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(k) &#8239;&#8239;&#8239;which
is located in any third-party warehouse or is in the possession of a bailee (other than a third party processor) and is not evidenced
by a Document, unless (i)&nbsp;such warehouseman or bailee has delivered to the Administrative Agent a Collateral Access Agreement and
such other documentation as the Administrative Agent may require or (ii)&nbsp;an appropriate Reserve has been established by the Administrative
Agent in its Permitted Discretion;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(l) &#8239;&#8239;&#8239;&#8239;which
is being processed offsite at a third-party location or outside processor, or is in-transit to or from said third party location or outside
processor;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(m) &#8239;&#8239;which
is the subject of a consignment by a Loan Party as consignor; <U>provided</U> that any such Inventory shall be included in Eligible Finished
Goods Inventory in the Administrative Agent&rsquo;s reasonable discretion following its analysis of the particular consignment arrangement
and potential recovery values with respect thereto; <U>provided</U>, <U>further</U>, that any Inventory included in Eligible Finished
Goods Inventory pursuant to the immediately preceding proviso shall not represent in excess of 5.0% of the Borrowing Base.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(n) &#8239;&#8239;&#8239;which
contains or bears any intellectual property rights licensed to a Loan Party unless the Administrative Agent is satisfied in its Permitted
Discretion that it may sell or otherwise Dispose of such Inventory without (i)&nbsp;infringing the rights of such licensor, (ii)&nbsp;violating
any contract with such licensor or (iii)&nbsp;incurring any liability with respect to payment of royalties other than royalties incurred
pursuant to sale of such Inventory under the current licensing agreement;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(o)&#8239;&#8239;&#8239;&#8239;which
is not reflected in a current perpetual inventory report of the applicable Loan Party (unless such Inventory is reflected in a report
to the Administrative Agent as &ldquo;in transit&rdquo; Inventory);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(p) &#8239;&#8239;&#8239;for
which reclamation rights have been asserted by the seller;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(q) &#8239;&#8239;&#8239;for
which such Person does not have actual and exclusive possession thereof (either directly or through a bailee or agent of such Person);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(r) &#8239;&#8239;&#8239;&#8239;which
is stored at locations holding less than $25,000 of the aggregate value of such Loan Party&rsquo;s Inventory;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(s) &#8239;&#8239;&#8239;(i)&nbsp;which
is subject to retention of title rights in favor of the vendor or supplier thereof or, (ii)&nbsp;in relation to which, under applicable
governing laws, retention of title may be imposed unilaterally by the vendor or supplier thereof; provided that Inventory of a European
Borrower which may be subject to any rights of retention of title shall not be excluded from Eligible <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Finished
Goods </U></FONT>Inventory solely pursuant to this sub-paragraph (<FONT STYLE="color: red"><STRIKE>r</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>s</U></FONT>)
in the event that (A)&nbsp;the Administrative Agent shall have received evidence satisfactory to it that the full purchase price of such
Inventory (and/or all other Inventory supplied by a common vendor) has, or will have, been paid prior, or upon the delivery of, such Inventory
to the relevant European Borrower or (B)&nbsp;a Letter of Credit has been issued under and in accordance with the terms of this Agreement
for the purchase of such Inventory; or</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(t) &#8239;&#8239;&#8239;&#8239;which
is Inventory of an Acquired Entity or Business acquired in connection with a Permitted Acquisition or similar Investment, until the completion
of an appraisal satisfactory to the Administrative Agent in its Permitted Discretion with respect to such Inventory;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>provided</U>, <U>further</U>, that in determining the value of the
Eligible Finished Goods Inventory, such value shall be reduced by, without duplication, any amounts representing (i)&nbsp;Vendor Rebates;
(ii)&nbsp;costs included in Inventory relating to advertising; (iii)&nbsp;to the extent determined by the Administrative Agent in its
Permitted Discretion to be appropriate, the shrink reserve; (iv)&nbsp;the unreconciled discrepancy between the general inventory ledger
and the perpetual inventory ledger, to the extent the general inventory ledger reflects less Inventory than the perpetual inventory ledger;
and (v)&nbsp;a reserve for Inventory which is designated or demanded to be returned to or retained by the applicable vendor or which is
recognized as damaged or off quality by the applicable Loan Party.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In the event that a Financial Officer of the Company has actual knowledge
that Inventory at any location having a fair market value of $10,000,000 or more which was previously Eligible Finished Goods Inventory
ceases to be Eligible Finished Goods Inventory hereunder (other than by reason of clause (o)&nbsp;above), such Loan Party or the Borrower
Representative shall promptly notify the Administrative Agent thereof and, in any event, not later than the submission to the Administrative
Agent of the next Borrowing Base Certificate hereunder; <U>provided</U>, <U>further</U>, that the Administrative Agent may, in its Permitted
Discretion, upon receipt of such notice as set forth above, adjust the applicable Borrowing Base to reflect such change in Eligible Finished
Goods Inventory.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; color: red"><STRIKE>&ldquo;</STRIKE><U><STRIKE>Engagement
Letter</STRIKE></U><STRIKE>&rdquo; means the Engagement Letter dated June&nbsp;23, 2019, between JPMCB and the Borrower, as amended by
that certain Joinder Agreement dated August&nbsp;1, 2019 among JPMCB, the Borrower and Citizens Bank, N.A. and that certain Joinder Agreement
dated August&nbsp;13, 2019 among JPMCB, the Borrower, Wells Fargo Securities, LLC and Wells Fargo Bank, National Association and as further
amended from time to time prior to the date hereof.</STRIKE></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Eligible
Intellectual Property&rdquo; means, at any time when intellectual property constitutes part of the ABL Priority Collateral, as of the
date of determination thereof, without duplication, Trademark Assets owned by the U.S. Loan Parties that satisfy all of the following
conditions:</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(a)</U></FONT>&#8239;&#8239;&#8239;&#8239;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>such
Trademark Assets have been identified on the supplement to the Perfection Certificate delivered to the Administrative Agent on the Amendment
No.&nbsp;4 Effective Date;</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(b)</U></FONT>&#8239;&#8239;&#8239;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>such
Trademark Assets are subject to a first priority perfected security interest (subject to any Liens specified in clause (c)(i)&nbsp;or
(c)(ii)(x)&nbsp;of this definition) in favor of the Administrative Agent (for the benefit of the Lender Parties);</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="color: blue; border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>(c)</U></FONT>&#8239;&#8239;&#8239;&#8239;<FONT STYLE="color: blue; border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>such
Trademark Assets are not subject to any Lien other than (i)&nbsp;a Lien in favor of the Administrative Agent, (ii)&nbsp;a Permitted Encumbrance
(x)&nbsp;for which appropriate Reserves (as determined by the Administrative Agent in its Permitted Discretion) have been established
or (y)&nbsp;which does not have priority over the Lien in favor of the Administrative Agent and (iii)&nbsp;junior priority Liens that
are subject to the Intercreditor Agreement;</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(d)</U></FONT>&#8239;&#8239;&#8239;&#8239;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>such
Trademark Assets are validly registered with the U.S. Patent and Trademark Office;</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(e)</U></FONT>&#8239;&#8239;&#8239;&#8239;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>such
Trademark Assets are not subject to any claim or assertion (whether in writing, by suit or otherwise) that any U.S. Loan Party&rsquo;s
ownership or any Loan Party&rsquo;s or any Subsidiary&rsquo;s use of such Trademark Assets violates the Trademark Assets of any other
Person (to the extent of any diminution in value resulting therefrom as determined by the Administrative Agent in its Permitted Discretion);
and</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(f)</U></FONT>&#8239;&#8239;&#8239;&#8239;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>the
Administrative Agent shall have received a completed appraisal satisfactory to the Administrative Agent in its Permitted Discretion with
respect to such Trademark Assets.</U></FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>In the event
that a Financial Officer of the Company has actual knowledge that any Trademark Asset that was previously Eligible Intellectual Property
ceases to be Eligible Intellectual Property hereunder, the Borrower Representative shall immediately notify the Administrative Agent thereof
and deliver an updated Borrowing Base Certificate to the Administrative Agent showing the Borrowing Base in effect after giving effect
to the removal of any such Trademark Asset from Eligible Intellectual Property. In the event that the Borrower Representative elects pursuant
to Section&nbsp;9.18(b)&nbsp;that the Intellectual Property of the U.S. Loan Parties shall be deemed to constitute Term Priority Collateral
in lieu of ABL Priority Collateral, upon the effectiveness of such election, all previously Eligible Intellectual Property shall cease
to be Eligible Intellectual Property hereunder, and the Borrower Representative shall deliver an updated Borrowing Base Certificate to
the Administrative Agent showing the Borrowing Base in effect after giving effect to such election.</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Environment</U>&rdquo; means ambient air, indoor air, surface
water, groundwater, drinking water, land surface and subsurface strata and natural resources such as wetlands, flora and fauna.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Environmental Laws</U>&rdquo; means all applicable federal,
state, provincial, territorial and local laws (including common law), regulations, rules, ordinances, codes, decrees, judgments, directives,
orders (including consent orders), orders-in-council, and binding agreements with any Governmental Authority in each case, relating to
pollution or protection of the Environment, human health and safety (to the extent related to exposure to Hazardous Materials), or the
presence, Release of, or exposure to, Hazardous Materials, or the generation, manufacture, processing, distribution, use, treatment, storage,
transport, recycling or handling of, or the arrangement for such activities with respect to, Hazardous Materials.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Environmental Liability</U>&rdquo; means any liability, claim,
action, suit, agreement, judgment or order arising under or relating to any Environmental Law for any damages, injunctive relief, losses,
fines, penalties, fees, expenses (including reasonable fees and expenses of attorneys and consultants) or costs, whether contingent or
otherwise, including those arising from or relating to: (a)&nbsp;compliance or non-compliance with any Environmental Law or permit, license
or approval issued thereunder, (b)&nbsp;the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous
Materials, (c)&nbsp;exposure to any Hazardous Materials, (d)&nbsp;the Release or threat of Release of any Hazardous Materials or (e)&nbsp;any
contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Equity Interests</U>&rdquo; means shares of capital stock,
partnership interests, membership interests in a limited liability company, beneficial interests in a trust or other equity ownership
interests in a Person, and any warrants, options or other rights entitling the holder thereof to purchase or acquire any such equity interest
(other than, immediately after such conversion or exchange, any Indebtedness or other debt securities that are convertible or exchangeable
into any such Equity Interests).</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>ERISA Affiliate</U>&rdquo; means any trade or business (whether
or not incorporated) that, together with any Loan Party, is treated as a single employer under Section&nbsp;414(b)&nbsp;or 414(c)&nbsp;of
the Code or Section&nbsp;4001(a)(14) of ERISA or, solely for purposes of Section&nbsp;302 of ERISA and Section&nbsp;412 of the Code, is
treated as a single employer under Section&nbsp;414 of the Code.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>ERISA Event</U>&rdquo; means (a)&nbsp;any &ldquo;reportable
event,&rdquo; as defined in Section&nbsp;4043(c)&nbsp;of ERISA or the regulations issued thereunder with respect to a Plan (other than
an event for which the 30-day notice period is waived), (b)&nbsp;any failure by any Plan to satisfy the minimum funding standard (within
the meaning of Section&nbsp;412 of the Code or Section&nbsp;302 of ERISA) applicable to such Plan, in each case whether or not waived
or a failure by any Loan Party or any ERISA Affiliate to make a required contribution to a Multiemployer Plan, (c)&nbsp;the filing pursuant
to Section&nbsp;412(c)&nbsp;of the Code or Section&nbsp;302(c)&nbsp;of ERISA, of an application for a waiver of the minimum funding standard
with respect to any Plan, (d)&nbsp;a determination that any Plan is in &ldquo;at-risk&rdquo; status (as defined in Section&nbsp;303(i)(4)&nbsp;of
ERISA or Section&nbsp;430(i)(4)&nbsp;of the Code), (e)&nbsp;the incurrence by any Loan Party or any ERISA Affiliate of any liability under
Title IV of ERISA (other than PBGC premiums due but not delinquent under Section&nbsp;4007 of ERISA), (f)&nbsp;the receipt by any Loan
Party or any ERISA Affiliate from the PBGC or a plan administrator of any notice relating to an intention to terminate any Plan or Plans
or to appoint a trustee to administer any Plan under Section&nbsp;4042 of ERISA, (g)&nbsp;an event or condition which could reasonably
be expected to constitute grounds under Section&nbsp;4042 of ERISA for the termination of, or the appointment of a trustee to administer,
any Plan or Multiemployer Plan; (h)&nbsp;the incurrence by any Loan Party or any ERISA Affiliate of any liability with respect to the
withdrawal or partial withdrawal from any Plan (including any liability under Section&nbsp;4062(e)&nbsp;of ERISA) or Multiemployer Plan,
(i)&nbsp;the receipt by any Loan Party or any ERISA Affiliate of any notice concerning the imposition of Withdrawal Liability or a determination
that a Multiemployer Plan is insolvent within the meaning of Section&nbsp;4245 of ERISA, or in &ldquo;endangered&rdquo; or &ldquo;critical&rdquo;
status, within the meaning of Section&nbsp;305 of ERISA or Section&nbsp;432 of the Code, (j)&nbsp;a failure by any Loan Party or any ERISA
Affiliate to pay when due (after expiration of any applicable grace period) any installment payment with respect to Withdrawal Liability,
or (k)&nbsp;the occurrence of a non-exempt &ldquo;prohibited transaction&rdquo; (as defined in Section&nbsp;4975 of the Code or Section&nbsp;406
of ERISA) with respect to which any Loan Party or any ERISA Affiliate is a &ldquo;disqualified person&rdquo; (within the meaning of Section&nbsp;4975
of the Code) or a &ldquo;party in interest&rdquo; (within the meaning of Section&nbsp;406 of ERISA) or could otherwise reasonably be expected
to be liable.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>ESTR</U>&rdquo; means, with respect to
any Business Day, a rate per annum equal to the Euro Short Term Rate on such Business Day published by the ESTR Administrator on the ESTR
Administrator&rsquo;s Website.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>ESTR Administrator</U>&rdquo; means the
European Central Bank (or any successor administrator of the Euro Short Term Rate).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<U>ESTR Administrator&rsquo;s Website</U>&rdquo;
means the European Central Bank&rsquo;s website, currently at http://www.ecb.europa.eu, or any successor source for the Euro Short Term
Rate identified as such by the ESTR Administrator from time to time.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>EURIBOR Rate</U>&rdquo; means, with respect to any Term Benchmark
Borrowing denominated in Euros and for any Interest Period, the EURIBOR Screen Rate at approximately 11:00 a.m., Brussels time, two TARGET
Days prior to the commencement of such Interest Period; provided that, if the EURIBOR Screen Rate shall not be available at such time
for such Interest Period (an &ldquo;<U>Impacted EURIBOR Rate Interest Period</U>&rdquo;) with respect to Euros then the EURIBOR Rate shall
be the applicable Interpolated Rate.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>EURIBOR Screen Rate</U>&rdquo; means the euro interbank offered
rate administered by the European Money Markets Institute (or any other Person which takes over the administration of that rate) for the
relevant period displayed (before any correction, recalculation or republication by the administrator) on page&nbsp;EURIBOR01 of the Thomson
Reuters screen (or any replacement Thomson Reuters page&nbsp;which displays that rate) or on the appropriate page&nbsp;of such other information
service which publishes that rate from time to time in place of Thomson Reuters as of 11:00 a.m.&nbsp;Brussels time two TARGET Days prior
to the commencement of such Interest Period. If such page&nbsp;or service ceases to be available, the Administrative Agent may specify
another page&nbsp;or service displaying the relevant rate after consultation with the Borrower. If the EURIBOR Screen Rate shall be less
than 0.00%, the EURIBOR Screen Rate shall be deemed to be 0.00% for purposes of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Euro</U>&rdquo; or &ldquo;<U>&euro;</U>&rdquo; means the
single currency of the Participating Member States.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>European Borrower Outstandings</U>&rdquo; means, at any time,
the sum of (i)&nbsp;the Dollar Equivalent of the European Revolving Loans and European Swingline Loans to the European Borrowers outstanding
at such time <I>plus</I> (ii)&nbsp;the Dollar Equivalent of the European Protective Advances to the European Borrowers outstanding at
such time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>European Borrowers</U>&rdquo; means the Swiss Borrowers,
the German Borrowers and the UK Borrowers.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>European Borrowing Base</U>&rdquo; means, at any time of
calculation, an amount equal to the sum of each German Borrowing Base, each Swiss Borrowing Base and the UK Borrowing Base.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>European Collateral</U>&rdquo; means the Swiss Collateral,
the German Collateral and the UK Collateral.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>European Commitment</U>&rdquo; means, with respect to each
European Revolving Lender, the commitment, if any, of such European Revolving Lender to make European Revolving Loans and to acquire participations
in European Swingline Loans hereunder, expressed as an amount representing the maximum possible aggregate amount of such European Revolving
Lender&rsquo;s European Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a)&nbsp;Section&nbsp;2.09
and (b)&nbsp;assignments by or to such European Revolving Lender pursuant to Section&nbsp;9.04. The amount of each European Revolving
Lender&rsquo;s European Commitment is set forth on <U>Schedule 2.01</U>, or in the Assignment and Assumption or other documentation or
record (as such term is defined in Section&nbsp;9-102(a)(70) of the New York Uniform Commercial Code) as provided in Section&nbsp;9.04(b)(ii)(C)&nbsp;pursuant
to which such European Revolving Lender shall have assumed its European Commitment, as applicable. As of the <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Amendment
No.&nbsp;4 </U></FONT>Effective Date, the aggregate amount of the European Commitments is $<FONT STYLE="color: red"><STRIKE>70,000,000</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>80,000,000</U></FONT>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>European Credit Exposure</U>&rdquo; means, as to any Lender
at any time, the sum of (a)&nbsp;such Lender&rsquo;s German Credit Exposure <I>plus</I> (b)&nbsp;such Lender&rsquo;s Swiss Credit Exposure
<I>plus</I> (c)&nbsp;such Lender&rsquo;s UK Credit Exposure.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>European Facility</U>&rdquo; means, collectively, the European
Commitments and the extensions of credit made thereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>European Line Cap</U>&rdquo; means, as of any date of determination
thereof by the Administrative Agent, an amount equal to the lesser of (i)&nbsp;the total European Commitments then in effect and (ii)&nbsp;the
European Borrowing Base.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>European Loan Parties</U>&rdquo; means the Swiss Loan Parties,
the German Loan Parties and UK Loan Parties.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>European Loans</U>&rdquo; means, individually and collectively
as the context may require, the European Revolving Loans, the European Swingline Loans, the European Protective Advances and the European
Overadvances.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>European Obligations</U>&rdquo; means the German Obligations,
the Swiss Obligations and the UK Obligations.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>European Overadvance</U>&rdquo; has the meaning set forth
in Section&nbsp;2.05(c).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>European Overadvance Exposure</U>&rdquo; means, at any time,
the sum of the aggregate principal amount of all outstanding European Overadvances at such time. The European Overadvance Exposure of
any Lender in respect of the European Facility at any time shall be its Applicable Percentage of the total European Overadvance Exposure
at such time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>European Protective Advance</U>&rdquo; has the meaning set
forth in Section&nbsp;2.04(a).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>European Protective Advance Exposure</U>&rdquo; means, at
any time, the sum of the aggregate principal amount of all outstanding European Protective Advances at such time. The European Protective
Advance Exposure of any Lender in respect of the European Facility at any time shall be its Applicable Percentage of the total European
Protective Advance Exposure at such time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>European Revolving Exposure</U>&rdquo; means, with respect
to any European Revolving Lender at any time, the sum of (a)&nbsp;the outstanding principal amount of European Revolving Loans of such
European Revolving Lender at such time <I>plus</I> (b)&nbsp;an amount equal to such European Revolving Lender&rsquo;s European Swingline
Exposure.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>European Revolving Lenders</U>&rdquo; means the Persons listed
on <U>Schedule 2.01</U> (or an Affiliate or branch of any such Person that is acting on behalf of such Person, in which case the term
 &ldquo;European Revolving Lenders&rdquo; shall include any such Affiliate or branch with respect to the European Revolving Loans made
by such Affiliate or branch) as having a European Commitment and any other Person that shall acquire a European Commitment, other than
any such Person that ceases to be a European Revolving Lender pursuant to an Assignment and Assumption.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>European Revolving Loan</U>&rdquo; means the German Revolving
Loans, Swiss Revolving Loans and UK Revolving Loans.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>European Security Agreements</U>&rdquo; means, collectively,
the German Security Agreements, the Swiss Security Agreements and the UK Security Agreements.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>European Swingline Exposure</U>&rdquo; means, at any time,
the aggregate Dollar Equivalent of all outstanding European Swingline Loans at such time. The European Swingline Exposure of any European
Revolving Lender at any time shall be its Applicable Percentage of the total European Swingline Exposure at such time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>European Swingline Lender</U>&rdquo; means JPMCB, in its
capacity as lender of European Swingline Loans hereunder or, as applicable, such branch or affiliate of JPMCB as it may designate for
the purpose of performing its obligations hereunder in such capacity, and its successors and assigns in such capacity.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>European Swingline Loan</U>&rdquo; means a Loan made pursuant
to Section&nbsp;2.05(a)(<FONT STYLE="color: red"><STRIKE>ii</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>i</U></FONT>).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>European Union</U>&rdquo; means the region comprised of member
states of the European Union pursuant to the Treaty on the European Union.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Events of Default</U>&rdquo; or &ldquo;<U>Event of Default</U>&rdquo;
has the meaning set forth in <U>Article&nbsp;VII</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Exchange Act</U>&rdquo; means the United States Securities
Exchange Act of 1934.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Excluded Account</U>&rdquo; means all means all (i)&nbsp;Deposit
Accounts, Securities Accounts, Futures Accounts and Commodity Accounts (a)&nbsp;maintained solely as payroll or other employee wage and
benefit accounts (including withholding tax payments related thereto), (b)&nbsp;maintained solely as sales tax accounts, (c)&nbsp;maintained
(A)&nbsp;solely as escrow accounts or fiduciary or trust accounts, in each case, for the benefit of third parties, other than the Company
and its Subsidiaries and accounts otherwise held exclusively for the benefit of third parties, other than the Company and its Subsidiaries
or (B)&nbsp;solely to hold restricted cash as supporting obligations for guarantees permitted pursuant to Section&nbsp;6.01, (d)&nbsp;that
contain solely deposits permitted by clauses (c)&nbsp;and (d)&nbsp;of the definition of &ldquo;Permitted Encumbrances,&rdquo; including
in connection with any letters of credit issued pursuant to such clauses, if the documents governing such deposits prohibit the granting
of a lien on such deposits, (e)&nbsp;that are maintained solely as store accounts maintained for local deposits; <U>provided</U> that
the entire balance (other than a nominal amount to cover fees and charges) of all such accounts is swept on the Friday of each week (or
if Friday is not a Business Day, on the next succeeding Business Day) (other than during a Dominion Period, in which case the entire balance
of all such accounts shall be swept on each Business Day) into one or more Deposit Accounts that are not Excluded Accounts and that are
subject to a Control Agreement (it being understood that no Concentration Account or Collection Account will be an Excluded Account as
a result of this clause (e)) and (f)&nbsp;the entire balance of which is swept on each Business Day into one or more Deposit Accounts
that are not Excluded Accounts and that are subject to a Control Agreement (it being understood that no Concentration Account or Collection
Account will be an Excluded Account as a result of this clause (f)), and (ii)&nbsp;other Deposit Accounts, Securities Accounts, Futures
Accounts or Commodities Accounts <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(including, for the avoidance of doubt, Deposit
Accounts and Securities Accounts that participate in the Cash Pool)</U></FONT>, with an aggregate closing daily balance not in excess
of $10,000,000 in the aggregate for all such Deposit Accounts, Securities Accounts, Futures Accounts or Commodities Accounts excluded
pursuant to this clause (ii)<FONT STYLE="color: red"><STRIKE>&nbsp;(including, for the avoidance of doubt, Deposit Accounts and Securities
Accounts that participate in the Cash Pool</STRIKE></FONT>; <U>provided</U> that no Concentration Account, Collection Account nor the
Borrowers&rsquo; Funding Account (regardless of the amount on deposit at any time in such account) shall be an Excluded Account.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Excluded Subsidiary</U>&rdquo; means (a)&nbsp;any Subsidiary
that is not a wholly owned Subsidiary of the Company on the Effective Date or on the date such Subsidiary becomes a Subsidiary, in each
case for so long as such Subsidiary remains a non-wholly owned Subsidiary, (b)&nbsp;any Foreign Subsidiary of the Company (subject to
the immediately following sentence), (c)&nbsp;any Domestic Subsidiary that is a direct or indirect Subsidiary of a Foreign Subsidiary
of the Company that is a CFC, (d)&nbsp;any CFC Holdco, (e)&nbsp;any Subsidiary that is prohibited or restricted by applicable law from
providing a Loan Guarantee of the applicable Guaranteed Obligations or if such Loan Guarantee would require governmental (including regulatory)
consent, approval, license or authorization unless such consent, approval, license or authorization has been received, (f)&nbsp;any Subsidiary
that is a not-for-profit organization, (g)&nbsp;any Unrestricted Subsidiary, (h)&nbsp;any Subsidiary that is an Immaterial Subsidiary
(unless, solely in the case of a Subsidiary organized in the same jurisdiction as an existing Loan Party, the Company otherwise elects),
and (i)&nbsp;any other Subsidiary with respect to which, in the reasonable judgment of the Administrative Agent (confirmed in writing
by notice to the Company), the cost or other consequences of becoming a Guarantor shall be excessive in view of the benefits to be obtained
by the Lenders therefrom. Notwithstanding the foregoing, no Canadian Loan Party, French Loan Party (upon and following the French Effective
Date), German Loan Party, Hong Kong Loan Party, Swiss Loan Party or UK Loan Party shall be excluded from being required to comply with
the Collateral and Guarantee Requirement pursuant to clauses (b), (c)&nbsp;or (d)&nbsp;above.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Excluded Swap Obligation</U>&rdquo; means, with respect to
any Loan Party, any Swap Obligation if, and to the extent that, all or a portion of the Loan Guarantee of such Loan Party of, or the grant
by such Loan Party of a security interest to secure, such Swap Obligation (or any Loan Guarantee thereof) is or becomes illegal under
the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official
interpretation of any thereof) by virtue of such Loan Party&rsquo;s failure for any reason to constitute an &ldquo;eligible contract participant&rdquo;
as defined in the Commodity Exchange Act and the regulations thereunder at the time the Loan Guarantee of such Loan Party or the grant
of such security interest becomes effective with respect to such Swap Obligation. If a Swap Obligation arises under a master agreement
governing more than one swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps for
which such Loan Guarantee or security interest is or becomes illegal.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Excluded Taxes</U>&rdquo; means any of the following Taxes
imposed on or with respect to a Recipient or required to be withheld or deducted from a payment to a Recipient, (a)&nbsp;Taxes imposed
on or measured by such Recipient&rsquo;s net income (however denominated), franchise Taxes, branch profits Taxes and Canadian capital
Taxes, in each case, imposed by a jurisdiction as a result of such Recipient being organized under the laws of, or having its principal
office or, in the case of any Lender, its applicable lending office located in, such jurisdiction or as a result of any other present
or former connection between such Recipient and such jurisdiction (other than connections arising from such Recipient having executed,
delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under,
engaged in any other transaction pursuant to or enforced any Loan Document and/or sold or assigned an interest in any Loan Document),
(b)&nbsp;solely with respect to U.S. Secured Obligations, in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable
to or for the account of such Lender with respect to an applicable interest in a Loan or Revolving Commitment pursuant to a law in effect
on the date on which (i)&nbsp;such Lender acquires such interest in the applicable Revolving Commitment (or, to the extent a Lender acquires
an interest in a Loan not funded pursuant to a prior Commitment, acquires such interest in such Loan) (in each case, other than pursuant
to an assignment request under Section&nbsp;2.19(b)) or (ii)&nbsp;such Lender changes its lending office, except in each case under clause
(i)&nbsp;or (ii)&nbsp;to the extent that, pursuant to Section&nbsp;2.17, amounts with respect to such Taxes were payable either to such
Lender&rsquo;s assignor immediately before such Lender acquired the applicable interest in such Loan or Revolving Commitment, as applicable,
or to such Lender immediately before it changed its lending office, (c)&nbsp;any Taxes attributable to a Lender&rsquo;s failure to comply
with Sections 2.17(e), 9.04(b)(iii), 9.04(c)&nbsp;or resulting from an incorrect Lender status confirmation under Section&nbsp;2.17(i)&nbsp;or
having lost the status as Swiss Qualifying Bank and (d)&nbsp;solely with respect to U.S. Secured Obligations, any U.S. federal withholding
Taxes imposed under FATCA, (e)&nbsp;any Canadian withholding tax imposed as a result of (i)&nbsp;a person not dealing at arm&rsquo;s length
(for the purposes of the <I>Income Tax Act</I> (Canada)) with a Canadian Loan Party, or (ii)&nbsp;by reason of a Lender being a &ldquo;specified
shareholder&rdquo; (as defined in subsection 18(5)&nbsp;of the <I>Income Tax Act</I> (Canada)) of a Canadian Loan Party or not dealing
at arm&rsquo;s length (for the purposes of the <I>Income Tax Act</I> (Canada)) with a &ldquo;specified shareholder&rdquo; (as defined
in subsection 18(5)&nbsp;of the <I>Income Tax Act</I> (Canada)) of a Canadian Loan Party, as applicable and (f)&nbsp;in the case of a
Lender (other than an assignee pursuant to a request by Borrower Representative under Section&nbsp;2.19), any United Kingdom withholding
tax other than (x)&nbsp;the portion of United Kingdom withholding tax with respect to which the applicable Lender is entitled to claim
a reduction under an income tax treaty and (y)&nbsp;United Kingdom withholding taxes on payments made by any Guarantor under any guarantee
of the Obligations imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or
Revolving Commitment pursuant to a law in effect on the date on which (i)&nbsp;such Lender acquires such interest in the applicable Revolving
Commitment (or, to the extent a Lender acquires an interest in a Loan not funded pursuant to a prior Commitment, acquires such interest
in such Loan) (in each case, other than pursuant to an assignment request under Section&nbsp;2.19(b)) or (ii)&nbsp;such Lender changes
its lending office, except in each case under clause (i)&nbsp;or (ii)&nbsp;to the extent that, pursuant to Section&nbsp;2.17, amounts
with respect to such Taxes were payable either to such Lender&rsquo;s assignor immediately before such Lender acquired the applicable
interest in such Loan or Revolving Commitment, as applicable, or to such Lender immediately before it changed its lending office.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Existing Credit Agreement</U>&rdquo; means the Second Amended
and Restated Credit Agreement, dated as of January&nbsp;29, 2018, by and among the Company, Fossil Switzerland, the other borrowers from
time to time party thereto, the lenders from time to time party thereto, and Wells Fargo Bank, National Association, as administrative
agent.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Existing Letters of Credit</U>&rdquo; means the letters of
credit referred to on <U>Schedule 1.01</U> hereto.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; color: red"><STRIKE>&ldquo;</STRIKE><U><STRIKE>Existing
Term Loan</STRIKE></U><STRIKE>&rdquo; means the &ldquo;Term Loan&rdquo; under and as defined in the Existing Credit Agreement.</STRIKE></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Extenuating Circumstance</U>&rdquo; means any period during
which the Administrative Agent has determined in its sole discretion (i)&nbsp;that due to unforeseen and/or nonrecurring circumstances,
it is impractical and/or not feasible to submit or receive a Borrowing Request or Interest Election Request by email or fax or through
Electronic System, and (ii)&nbsp;to accept a Borrowing Request or Interest Election Request telephonically.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Facility</U>&rdquo; means each of the U.S. Facility, the
Canadian Facility, the European Facility, the French Facility and the Hong Kong Facility.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>FAS 842</U>&rdquo; has the meaning set forth in Section&nbsp;1.06(b).</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>FATCA Deduction</U>&rdquo; means a deduction or withholding
from a payment made under a Loan Document, as required by FATCA.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>FATCA Exempt Party</U>&rdquo; means a party that is entitled
to receive payments free from any FATCA Deduction.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Federal Funds Effective Rate</U>&rdquo; means, for any day,
the rate calculated by the NYFRB based on such day&rsquo;s federal funds transactions by depositary institutions<FONT STYLE="color: red"><STRIKE>,
</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(</U></FONT>as determined in such manner as <FONT STYLE="color: red"><STRIKE>the
NYFRB </STRIKE></FONT>shall <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>be </U></FONT>set forth on <FONT STYLE="color: red"><STRIKE>its
public website</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>the NYFRB&rsquo;s Website</U></FONT> from time
to time<FONT STYLE="color: red"><STRIKE>,</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>)</U></FONT> and published
on the next succeeding Business Day by the NYFRB as the effective federal funds rate; <U>provided</U> that if the Federal Funds Effective
Rate as so determined would be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Federal
Reserve Board&rdquo; means the Board of Governors of the Federal Reserve System of the United States of America.</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Fee Letter</U>&rdquo; means the Fee Letter dated June&nbsp;20,
2019, between the Company and the Administrative Agent.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Financial Officer</U>&rdquo; means, with respect to any Person,
the chief financial officer, chief accounting officer, principal accounting officer, treasurer, assistant treasurer or controller of such
Person and, in the case of a Foreign Loan Party also means each person performing similar duties as the foregoing Persons (including any
director of such Loan Party acting in such capacity).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Fiscal Month</U>&rdquo; means, with respect to the Company
or any of its Subsidiaries, the approximately one-month period ending around the end of each month or such other applicable period, as
determined from time to time by the Company in the ordinary course of its business, as the context may require, or, if any such Subsidiary
was not in existence on the first day of any such period, the period commencing on the date on which such Subsidiary is incorporated,
organized, formed or otherwise created and ending on the last day of such period.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&ldquo;<U>Fiscal Quarter</U>&rdquo; means one
of the four (4)&nbsp;periods falling in each Fiscal Year, each such period being thirteen (13) weeks in duration, with the first such
period in any Fiscal Year beginning on the first day of such Fiscal Year and the last such period in any Fiscal Year ending on the last
Saturday closest to December&nbsp;31.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&ldquo;<U>Fiscal Year</U>&rdquo; means the fifty&ndash;two
(52) or fifty-three (53) week period beginning on the date which is one day after the end of the similar preceding period and ending on
the Saturday closest to December&nbsp;31st.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&ldquo;<U>Fixed Charge Coverage Ratio</U>&rdquo;
means the ratio of (a)&nbsp;(i)&nbsp;Consolidated EBITDA for such period <I>minus</I> (ii)&nbsp;Capital Expenditures for such period (except
to the extent financed with long-term Indebtedness (excluding Loans <FONT STYLE="color: red"><STRIKE>and Term Loans</STRIKE></FONT>))
<I>minus</I> (iii)&nbsp;such portion of principal payments on Capital Lease Obligations or Synthetic Lease Obligations made by the Company
and its consolidated Subsidiaries during such period as is attributable to additions to property, plant and equipment that have not otherwise
been reflected on the consolidated statement of cash flows as additions to property, plant and equipment for such period to (b)&nbsp;Consolidated
Fixed Charges for such period.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Floor&rdquo;
means the benchmark rate floor, if any, provided in this Agreement initially (as of the execution of this Agreement, the modification,
amendment or renewal of this Agreement or otherwise) with respect to the Adjusted Term SOFR Rate, the Adjusted EURIBOR Rate, each Daily
Simple RFR or any Overnight Rate, as applicable. For the avoidance of doubt, the initial Floor for each of the Adjusted Term SOFR Rate,
the Adjusted EURIBOR Rate, each Daily Simple RFR or any Overnight Rate shall be 0.00%.</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Foreign Borrowers</U>&rdquo; means the Borrowers other than
the U.S. Borrowers.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Foreign Lender</U>&rdquo; means a Lender that is not a U.S.
Person.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Foreign Loan Parties</U>&rdquo; means the Loan Parties other
than the U.S. Loan Parties.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Foreign Pension Plan</U>&rdquo; means any pension plan, pension
undertaking, supplemental pension, retirement savings or other retirement income plan, obligation or arrangement of any kind (other than
any state social security arrangement that is not subject to US law or any Canadian Pension Plan) and that is established, maintained
or contributed to by the Company or any of its Affiliates or in respect of which the Company or any of its Affiliates has any liability,
obligation or contingent liability.</P>

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

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

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    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Foreign Pension Plan Event</U>&rdquo; means, with respect
to any Foreign Pension Plan or any Canadian Pension Plan, (a)&nbsp;the existence of unfunded liabilities in excess of the amount permitted
under any applicable law, or in excess of the amount that would be permitted absent a waiver from a Governmental Authority, (b)&nbsp;the
failure to make the required contributions or payments, under any applicable law, on or before the due date for such contributions or
payments, (c)&nbsp;the receipt of a notice from a Governmental Authority relating to the intention to terminate any such Foreign Pension
Plan or Canadian Pension Plan or to appoint a trustee or similar official to administer any such Foreign Pension Plan or any Canadian
Pension Plan, or alleging the insolvency of any such Foreign Pension Plan or Canadian Pension Plan, (d)&nbsp;the incurrence of any liability
by any Loan Party or any Subsidiary under applicable law on account of the complete or partial termination of such Foreign Pension Plan
or Canadian Pension Plan or the complete or partial withdrawal of any participating employer therein or (e)&nbsp;the occurrence of any
transaction that is prohibited under any applicable law and that could reasonably be expected to result in the incurrence of any liability
by any Loan Party or any Subsidiary, or the imposition on any Loan Party or any Subsidiary<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>,</U></FONT>
of<FONT STYLE="color: red"><STRIKE>, </STRIKE></FONT> any fine, excise tax or penalty resulting from any noncompliance with any applicable
law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Foreign Subsidiary</U>&rdquo; means any Subsidiary of the
Company, other than a Domestic Subsidiary.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Fossil Asia</U>&rdquo; has the meaning set forth in the introductory
paragraph of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Fossil Canada</U>&rdquo; has the meaning set forth in the
introductory paragraph of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Fossil Germany</U>&rdquo; has the meaning set forth in the
introductory paragraph of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Fossil Partners</U>&rdquo; has the meaning set forth in the
introductory paragraph of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Fossil Switzerland</U>&rdquo; has the meaning set forth in
the introductory paragraph of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Fossil UK</U>&rdquo; has the meaning set forth in the introductory
paragraph of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>French Authorized Lender</U>&rdquo; means (i)&nbsp;a credit
institution (<I>&eacute;tablissement de cr&eacute;dit</I>) licensed for the purpose of carrying out credit transactions (<I>operations
de cr&eacute;dit</I>) by the relevant Governmental Authorities of France; (ii)&nbsp;a credit institution (<I>&eacute;tablissement de cr&eacute;dit</I>)
having its registered office in a member state of the European Union or in a state which is a party to the Treaty on the European Union,
so long as the relevant Governmental Authorities of France have been notified in advance by the relevant Governmental Authority of such
state; <U>provided</U>, that such credit institution carries out in France only those credit transactions which it is authorized to carry
out in the state in which is registered office is located; or (iii)&nbsp;a financial institution (<I>&eacute;tablissement financier</I>)
having its registered office in a member state of the European Union or in a state which is a party to the Treaty on the European Union,
which has obtained a certificate from the relevant Governmental Authority of such state certifying that it meets the conditions required
for that purpose by such Governmental Authority, so long as the relevant French authorities have been notified in advance by the relevant
Governmental Authorities of such state; <U>provided</U>, that such financial institution carries out in France only those credit transactions
which it is authorized to carry out in the state in which is registered office is located. For purposes of this definition, &ldquo;notified
in advance&rdquo; refers to the satisfaction of the formalities required to benefit from applicable European passporting provisions (including
the transmission by a local regulator to the French banking authority of a notice received from a financial institution to the effect
that such institution intends to trade in France on a remote basis pursuant to the European passporting regulations).</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>French Borrower Outstandings</U>&rdquo; means, at any time,
the sum of (i)&nbsp;the Dollar Equivalent of the French Revolving Loans and French Swingline Loans to the French Borrowers outstanding
at such time <I>plus</I> (ii)&nbsp;the Dollar Equivalent of the French Protective Advances to the French Borrowers outstanding at such
time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>French Borrowers</U>&rdquo; means (i)&nbsp;on and after the
French Effective Date, Fossil France <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SAS (previously Fossil France </U></FONT>SA<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>)</U></FONT>,
a <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>simplified joint-stock </U></FONT>company organized under the laws of France
and (ii)&nbsp;each other French Subsidiary that becomes party to this Agreement as a French Borrower after the French Effective Date pursuant
to Section&nbsp;5.03(b).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>French Borrowing Base</U>&rdquo; means, in relation to a
French Borrower, at any time (without duplication):</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(a) &#8239;&#8239;the
product of (i)&nbsp;85% <I>multiplied by</I> (ii)&nbsp;the Eligible Accounts of that French Borrower at such time, <I>minus</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(b) &#8239;&#8239;without
duplication, Reserves established by the Administrative Agent in its Permitted Discretion<FONT STYLE="color: red"><STRIKE>.</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>;</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>provided
that the advance rates in clause (a)&nbsp;above shall increase by the Seasonal Overadvance Amount during any Seasonal Overadvance Period.</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Administrative Agent may, in its Permitted Discretion and with
no less than two (2)&nbsp;Business Days&rsquo; prior written notice to the Borrower Representative (other than during a Dominion Period
in which case notice shall not be required), adjust Reserves used in computing a French Borrowing Base. Subject to the immediately preceding
sentence and the other provisions hereof expressly permitting the Administrative Agent to adjust Reserves, a French Borrowing Base at
any time shall be determined by reference to the most recent Borrowing Base Certificate delivered to the Administrative Agent pursuant
to Section&nbsp;5.01(f)&nbsp;(or, prior to the first such delivery, delivered to the Administrative Agent pursuant to Section&nbsp;4.01(o));
<U>provided</U> that if any Borrowing Base Certificate delivered under Section&nbsp;5.01(f)&nbsp;shall prove to have been materially inaccurate
(regardless of whether any Revolving Commitments are in effect or any amounts are outstanding hereunder when such inaccuracy is discovered),
and such inaccuracy shall have resulted in the payment of any interest or fees at rates lower than those that were in fact applicable
for any period (based on the actual French Borrowing Base), the applicable Borrowers shall pay to the Administrative Agent, for distribution
to the Lenders (or former Lenders) as their interests may appear, the accrued interest or fees that should have been paid but were not
paid as a result of such inaccuracy.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>French Civil Code</U>&rdquo; means the French Civil Code
(<I>Code civil</I>).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>French Collateral</U>&rdquo; means any and all property of
any French Loan Party covered by the Collateral Documents and any and all other property of any French Loan Party, now existing or hereafter
acquired, that may at any time be or become subject to a security interest or Lien in favor of the Administrative Agent to secure the
French Secured Obligations.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>French Collateral Agent</U>&rdquo; has the meaning set forth
in Section&nbsp;8.12.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>French Commercial Code</U>&rdquo; means the French Commercial
Code (<I>Code de commerce</I>).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>French Commitment</U>&rdquo; means, with respect to each
French Revolving Lender, the commitment, if any, of such French Revolving Lender to make French Revolving Loans and to acquire participations
in French Swingline Loans hereunder, expressed as an amount representing the maximum possible aggregate amount of such French Revolving
Lender&rsquo;s French Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a)&nbsp;Section&nbsp;2.09
and (b)&nbsp;assignments by or to such French Revolving Lender pursuant to Section&nbsp;9.04. The amount of each French Revolving Lender&rsquo;s
French Commitment is set forth on <U>Schedule 2.01</U>, or in the Assignment and Assumption or other documentation or record (as such
term is defined in Section&nbsp;9-102(a)(70) of the New York Uniform Commercial Code) as provided in Section&nbsp;9.04(b)(ii)(C)&nbsp;pursuant
to which such French Revolving Lender shall have assumed its French Commitment, as applicable. As of the <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Amendment
No.&nbsp;4 </U></FONT>Effective Date, the aggregate amount of the French Commitments is $<FONT STYLE="color: red"><STRIKE>10,000,000</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>5,000,000</U></FONT>.
Each Lender that has a French Commitment (or any Affiliate or branch of any such Lender that is acting on behalf of such Lender) shall
be a French Authorized Lender.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>French Credit Exposure</U>&rdquo; means, as to any French
Revolving Lender at any time, the sum of (a)&nbsp;such French Revolving Lender&rsquo;s French Revolving Exposure <I>plus</I> (b)&nbsp;a
Dollar Equivalent equal to such Lender&rsquo;s Applicable Percentage of the aggregate amount of French Overadvances and French Protective
Advances outstanding. Each Lender that has a French Credit Exposure (or any Affiliate or branch of any such Lender that is acting on behalf
of such Lender) shall be a French Authorized Lender.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>French Effective Date</U>&rdquo; has the meaning assigned
to such term in Section&nbsp;4.03.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>French Facility</U>&rdquo; means, collectively, the French
Commitments and the extensions of credit made thereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>French Guarantee</U>&rdquo; means Article&nbsp;XII of this
Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>French Guaranteed Obligations</U>&rdquo; has the meaning
set forth in Section&nbsp;12.01.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>French Guarantor</U>&rdquo; means each French Borrower (solely
with respect to its Obligations arising pursuant to Section&nbsp;12.01 hereof) and each French Subsidiary of a French Borrower that is
listed on the signature pages&nbsp;to the French Joinder as a French Guarantor or that becomes a party hereto as a French Guarantor pursuant
to Section&nbsp;5.03, in each case, until such Subsidiary&rsquo;s French Guarantee is released in accordance herewith.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>French Joinder</U>&rdquo; means the joinder to this Agreement
substantially in the form of Exhibit&nbsp;L.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>French Line Cap</U>&rdquo; means, as of any date of determination
thereof by the Administrative Agent, an amount equal to the lesser of (i)&nbsp;the total French Commitments then in effect and (ii)&nbsp;the
aggregate of the French Borrowing Bases.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>French Loan Guaranty</U>&rdquo; means Article&nbsp;XII of
this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>French Loan Parties</U>&rdquo; means, individually and collectively
as the context may require, the French Borrowers and each French Guarantor.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>French Loans</U>&rdquo; means, individually and collectively
as the context may require, the French Revolving Loans, the French Swingline Loans, the French Protective Advances and the French Overadvances.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>French Obligated Party</U>&rdquo; has the meaning set forth
in Section&nbsp;12.02.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>French Obligations</U>&rdquo; means all unpaid principal
of and accrued and unpaid interest on the French Loans to the French Borrowers, all accrued and unpaid fees and all expenses, reimbursements,
indemnities and other obligations of the French Loan Parties to the Lenders or to any Lender, the Administrative Agent or any indemnified
party arising under the Loan Documents (including interest, costs, fees, expenses and other amounts accruing during the pendency of any
case or proceeding under any Insolvency Laws, regardless of whether allowed or allowable in such case or proceeding).</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>French Overadvance</U>&rdquo; has the meaning set forth in
Section&nbsp;2.05(c).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>French Overadvance Exposure</U>&rdquo; means, at any time,
the sum of the aggregate principal amount of all outstanding French Overadvances at such time. The French Overadvance Exposure of any
Lender in respect of the French Facility at any time shall be its Applicable Percentage of the total French Overadvance Exposure at such
time. Each Lender that has a French Overadvance Exposure (or any Affiliate or branch of any such Lender that is acting on behalf of such
Lender) shall be a French Authorized Lender.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>French Protective Advance</U>&rdquo; has the meaning set
forth in Section&nbsp;2.04(a).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>French Protective Advance Exposure</U>&rdquo; means, at any
time, the sum of the aggregate principal amount of all outstanding French Protective Advances at such time. The French Protective Advance
Exposure of any Lender in respect of the French Facility at any time shall be its Applicable Percentage of the total French Protective
Advance Exposure at such time. Each Lender that has a French Protective Advance Exposure (or any Affiliate or branch of any such Lender
that is acting on behalf of such Lender) shall be a French Authorized Lender.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>French Revolving Exposure</U>&rdquo; means, with respect
to any French Revolving Lender at any time, the sum of (a)&nbsp;the outstanding principal amount of French Revolving Loans of such French
Revolving Lender at such time <I>plus</I> (b)&nbsp;an amount equal to such French Revolving Lender&rsquo;s French Swingline Exposure.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>French Revolving Lenders</U>&rdquo; means the Persons listed
on <U>Schedule 2.01</U> being French Authorized Lenders (or an Affiliate or branch of any such Person that is acting on behalf of such
Person, in which case the term &ldquo;French Revolving Lenders&rdquo; shall include any such Affiliate or branch with respect to the French
Revolving Loans made by such Affiliate or branch) as having a French Commitment and any other Person that shall acquire a French Commitment,
other than any such Person that ceases to be a French Revolving Lender pursuant to an Assignment and Assumption.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>French Revolving Loan</U>&rdquo; means a Revolving Loan made
by the French Revolving Lenders to the French Borrowers or U.S. Borrowers.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>French Secured Obligations</U>&rdquo; means all French Obligations
together with all (a)&nbsp;Banking Services Obligations of the French Loan Parties or any other French Restricted Subsidiaries of the
Company and (b)&nbsp;Swap Obligations of the French Loan Parties or any other French Restricted Subsidiaries of the Company owing to one
or more Qualified Counterparties; <U>provided</U> that Excluded Swap Obligations with respect to any Loan Party shall not be French Secured
Obligations of such Loan Party.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>French Security Agreements</U>&rdquo; means, collectively,
that certain French law pledge over bank accounts agreement, financial securities account pledge agreement, deed of pledges of shares
and master agreement for the assignment of accounts, each dated as of the French Effective Date, among the French Loan Parties (as applicable)
and the Administrative Agent, and any other French law pledge or security agreement entered into, after the French Effective Date by any
Loan Party (as required by this Agreement or any other Loan Document), as the same may be amended, restated or otherwise modified from
time to time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>French Subsidiary</U>&rdquo; means any subsidiary of the
Company controlled by that Company within the meaning of article L. 233-3 I, 1&deg; and 2&deg; of the French Commercial Code and that
has been formed or is organized under the laws of France.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>French Swingline Exposure</U>&rdquo; means, at any time,
the aggregate Dollar Equivalent of all outstanding French Swingline Loans at such time. The French Swingline Exposure of any French Revolving
Lender at any time shall be its Applicable Percentage of the total French Swingline Exposure at such time. Each Lender that has a French
Swingline Exposure (or any Affiliate or branch of any such Lender that is acting on behalf of such Lender) shall be a French Authorized
Lender.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>French Swingline Lender</U>&rdquo; means JPMCB, in its capacity
as lender of French Swingline Loans hereunder, and its successors and assigns in such capacity.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>French Swingline Loan</U>&rdquo; means a Loan made pursuant
to Section&nbsp;2.05(a)(i).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Funding Account(s)</U>&rdquo; means the deposit account(s)&nbsp;of
the Borrowers to which the Administrative Agent or the Swingline Lender is authorized by the Borrowers (or by the Borrower Representative
on their behalf) to transfer the proceeds of any Borrowings requested or authorized pursuant to this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Futures Account(s)</U>&rdquo; means all &ldquo;futures accounts&rdquo;
as such term is defined in the PPSA.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>GAAP</U>&rdquo; means generally accepted accounting principles
in the United States of America, applied in accordance with the consistency requirements thereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>German Borrowers</U>&rdquo; means Fossil Germany and each
other German Subsidiary that becomes party to this Agreement as a German Borrower after the Effective Date pursuant to Section&nbsp;5.03(b).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>German Borrowing Base</U>&rdquo; means, in relation to a
German Borrower, at any time (without duplication):</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(a)&#8239;&#8239;&#8239;the
lesser of (x)&nbsp;the product of (i)&nbsp;90% <I>multiplied by</I> (ii)&nbsp;the <FONT STYLE="color: red"><STRIKE>NOLV Percentage</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Net
Orderly Liquidation Value</U></FONT> of Eligible Finished Goods Inventory of that German Borrower at such time and (y)&nbsp;the product
of (i)&nbsp;65% <I>multiplied by</I> (ii)&nbsp;the lower of cost or market value of Eligible Finished Goods Inventory of that German Borrower,
<I>plus</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(b) &#8239;&#8239;the
product of (i)&nbsp;85% <I>multiplied by</I> (ii)&nbsp;the Eligible Accounts of that German Borrower at such time, <I>minus</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(c)&#8239;&#8239;&#8239;without
duplication, Reserves established by the Administrative Agent in its Permitted Discretion<FONT STYLE="color: red"><STRIKE>.</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>;</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>provided
that the advance rates in each of the foregoing clauses (a)&nbsp;and (b)&nbsp;above shall increase by the Seasonal Overadvance Amount
during any Seasonal Overadvance Period.</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Administrative Agent may, in its Permitted Discretion and with
no less than two (2)&nbsp;Business Days&rsquo; prior written notice to the Borrower Representative (other than during a Dominion Period
in which case notice shall not be required), adjust Reserves used in computing a German Borrowing Base. Subject to the immediately preceding
sentence and the other provisions hereof expressly permitting the Administrative Agent to adjust Reserves, a German Borrowing Base at
any time shall be determined by reference to the most recent Borrowing Base Certificate delivered to the Administrative Agent pursuant
to Section&nbsp;5.01(f)&nbsp;(or, prior to the first such delivery, delivered to the Administrative Agent pursuant to Section&nbsp;4.01(o));
<U>provided</U> that if any Borrowing Base Certificate delivered under Section&nbsp;5.01(f)&nbsp;shall prove to have been materially inaccurate
(regardless of whether any Revolving Commitments are in effect or any amounts are outstanding hereunder when such inaccuracy is discovered),
and such inaccuracy shall have resulted in the payment of any interest or fees at rates lower than those that were in fact applicable
for any period (based on the actual German Borrowing Base), the applicable Borrowers shall pay to the Administrative Agent, for distribution
to the Lenders (or former Lenders) as their interests may appear, the accrued interest or fees that should have been paid but were not
paid as a result of such inaccuracy.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>German Collateral</U>&rdquo; means any and all property of
any German Loan Party covered by the Collateral Documents and any and all other property of any German Loan Party, now existing or hereafter
acquired, that may at any time be or become subject to a security interest or Lien in favor of the Administrative Agent to secure the
German Secured Obligations.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>German Credit Exposure</U>&rdquo; means, as to any European
Revolving Lender at any time, the sum of (a)&nbsp;such European Revolving Lender&rsquo;s German Revolving Exposure <I>plus</I> (b)&nbsp;a
Dollar Equivalent equal to such Lender&rsquo;s Applicable Percentage of the aggregate amount of German Overadvances and German Protective
Advances outstanding.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>German Guarantee</U>&rdquo; means Article&nbsp;XIII of this
Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>German Guaranteed Obligations</U>&rdquo; has the meaning
set forth in Section&nbsp;13.01.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>German Guarantor</U>&rdquo; means each German Borrower (solely
with respect to its Obligations arising pursuant to Section&nbsp;13.01 hereof) and each German Subsidiary of a German Borrower that is
listed on the signature pages&nbsp;hereto as a German Guarantor or that becomes a party hereto as a German Guarantor pursuant to Section&nbsp;5.03,
in each case, until such Subsidiary&rsquo;s German Guarantee is released in accordance herewith.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>German Insolvency Event</U>&rdquo; means: (a)&nbsp;a German
Relevant Entity is unable or admits inability to pay its debts as they fall due or is deemed to or declared to be unable to pay its debts
under applicable law, suspends or threatens to suspend making payments on any of its debts or, by reason of actual or anticipated financial
difficulties, commences negotiations with one or more of its creditors with a view to rescheduling any of its indebtedness, including
a stoppage&nbsp;of payment situation (<I>Zahlungsunf&auml;higkeit</I>), a status of over-indebtedness (<I>&Uuml;berschuldung</I>), the
presumed inability to pay its debts as they fall due (<I>drohende Zahlungsunf&auml;higkeit</I>), or actual insolvency proceedings; (b)&nbsp;a
moratorium is declared in respect of any Indebtedness of a German Relevant Entity, or (c)&nbsp;(i)&nbsp;such German Relevant Entity is
otherwise in a situation to file for insolvency because of any of the reasons set out in Sections 17 to 19 of the German Insolvency Code
and (ii)&nbsp;a petition for insolvency proceedings in respect of its assets (<I>Antrag auf Er&ouml;ffnung eines Insolvenzverfahrens</I>)
has been filed based on section 17 to section 19 of the German Insolvency Code (<I>Insolvenzordnung</I>), or actions are taken pursuant
to section 21 German Insolvency Code (<I>Insolvenzordnung</I>) by a competent court.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>German Loan Parties</U>&rdquo; means, individually and collectively
as the context may require, the German Borrowers and each German Guarantor.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>German Obligated Party</U>&rdquo; has the meaning set forth
in Section&nbsp;13.02.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>German Obligations</U>&rdquo; means all unpaid principal
of and accrued and unpaid interest on the European Loans to the German Borrowers, all accrued and unpaid fees and all expenses, reimbursements,
indemnities and other obligations of the German Loan Parties to the Lenders or to any Lender, the Administrative Agent or any indemnified
party arising under the Loan Documents (including interest, costs, fees, expenses and other amounts accruing during the pendency of any
case or proceeding under any Insolvency Laws, regardless of whether allowed or allowable in such case or proceeding).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>German Overadvance</U>&rdquo; has the meaning set forth in
Section&nbsp;2.05(c).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>German Protective Advance</U>&rdquo; has the meaning set
forth in Section&nbsp;2.04(a).</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>German Relevant Entity</U>&rdquo; means any German Loan Party
or any Loan Party capable of becoming subject of insolvency proceedings under the German Insolvency Code (<I>Insolvenzordnung</I>).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>German Revolving Exposure</U>&rdquo; means, with respect
to any European Revolving Lender at any time, the sum of (a)&nbsp;the outstanding principal amount of German Revolving Loans of such European
Revolving Lender at such time <I>plus</I> (b)&nbsp;an amount equal to such European Revolving Lender&rsquo;s European Swingline Exposure
in respect of European Swingline Loans made to the German Borrowers.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>German Revolving Loan</U>&rdquo; means a Revolving Loan made
by the European Revolving Lenders to the German Borrowers or U.S. Borrowers.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>German Secured Obligations</U>&rdquo; means all German Obligations
together with all (a)&nbsp;Banking Services Obligations of the German Loan Parties or any other German Restricted Subsidiary of the Company
and (b)&nbsp;Swap Obligations of the German Loan Parties or any other German Restricted Subsidiary of the Company owing to one or more
Qualified Counterparties; <U>provided</U> that Excluded Swap Obligations with respect to any Loan Party shall not be German Secured Obligations
of such Loan Party.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>German Security Agreements</U>&rdquo; means, collectively,
(a)&nbsp;that certain German law account pledge agreement, German law security transfer agreement and German law global assignment agreement,
each dated as of the date hereof, among the German Loan Parties and the Administrative Agent, (b)&nbsp;that certain German law security
agreement in respect of Inventory and German law security agreement in respect of Concentration Accounts, each dated as of the date hereof,
among Fossil Switzerland and the Administrative Agent and (c)&nbsp;any other German law pledge or security agreement entered into, after
the Effective Date, by any Loan Party (as required by this Agreement or any other Loan Document), as the same may be amended, restated
or otherwise modified from time to time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>German Subsidiary</U>&rdquo; means any subsidiary of the
Company that has been formed or is organized under the laws of Germany.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Germany</U>&rdquo; means the Federal Republic of Germany.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Governmental Authority</U>&rdquo; means the government of
the United States of America, Canada, France, Germany, Hong Kong, Switzerland, the United Kingdom, any other nation or any political subdivision
thereof, whether provincial, territorial, state or local, and any agency, authority, instrumentality, regulatory body, court, central
bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining
to government (including any supra-national body exercising such powers or functions, such as the European Union, the Council of Ministers
of the European Union or the European Central Bank).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Guarantee</U>&rdquo; of or by any Person (the &ldquo;<U>guarantor</U>&rdquo;)
means any obligation, contingent or otherwise, of the guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness
or other obligation of any other Person (the &ldquo;<U>primary obligor</U>&rdquo;) in any manner, whether directly or indirectly, and
including any obligation of the guarantor, direct or indirect, (a)&nbsp;to purchase or pay (or advance or supply funds for the purchase
or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds for the purchase of) any security for
the payment thereof, (b)&nbsp;to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness
or other obligation of the payment thereof, (c)&nbsp;to maintain working capital, equity capital or any other financial statement condition
or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation or (d)&nbsp;as an
account party in respect of any letter of credit or letter of guaranty issued to support such Indebtedness or other obligation; <U>provided</U>
that the term &ldquo;Guarantee&rdquo; shall not include endorsements for collection or deposit in the ordinary course of business. The
amount, as of any date of determination, of any Guarantee shall be the principal amount outstanding on such date of Indebtedness or other
obligation guaranteed thereby (or, in the case of (i)&nbsp;any Guarantee the terms of which limit the monetary exposure of the guarantor
or (ii)&nbsp;any Guarantee of an obligation that does not have a principal amount, the maximum monetary exposure as of such date of the
guarantor under such Guarantee (as determined, in the case of clause (i), pursuant to such terms or, in the case of clause (ii), reasonably
and in good faith by the chief financial officer of the Company)).</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Guaranteed Loan Party</U>&rdquo; has the meaning set forth
in Section&nbsp;12.09(a).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Guaranteed Obligations</U>&rdquo; means individually and
collectively as the context may require, the U.S. Guaranteed Obligations, the Canadian Guaranteed Obligations, the German Guaranteed Obligations,
the Hong Kong Guaranteed Obligations, the Swiss Guaranteed Obligations, the UK Guaranteed Obligations and, from and after the French Effective
Date, the French Guaranteed Obligations.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Guarantors</U>&rdquo; means the U.S. Guarantors, the Canadian
Guarantors, the French Guarantors, the German Guarantors, the Hong Kong Guarantors, the Swiss Guarantors and the UK Guarantors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Hazardous Materials</U>&rdquo; means any chemical, material,
substance or waste that is prohibited, limited or regulated by or pursuant to any applicable Environmental Law, including, without limitation,
any petroleum products or byproducts and all other hydrocarbons, coal ash, radon gas, asbestos-containing materials, urea formaldehyde
foam insulation, polychlorinated biphenyls, <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>per- or polyfluoroalkyl substances,
</U></FONT>chlorofluorocarbons and all other ozone-depleting substances or toxic mold.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>HIBOR Rate</U>&rdquo; means, with respect to any Term Benchmark
Borrowing denominated in Hong Kong Dollars and with respect to any Interest Period, the percentage rate per annum for deposits in Hong
Kong Dollars for a period beginning on the first day of such Interest Period and ending on the last day of such Interest Period, displayed
under the heading &ldquo;HKAB HKD Interest Settlement Rates&rdquo; on the Reuters Screen HKABHIBOR Page&nbsp;(or, in the event such rate
does not appear on such Reuters page, on any successor or substitute page&nbsp;on such screen that displays such rate, or on the appropriate
page&nbsp;of such other information service that publishes such rate as selected by the Administrative Agent from time to time in its
reasonable discretion) <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(the &ldquo;HIBOR Screen Rate&rdquo;) </U></FONT>as
of 11:00 a.m.&nbsp;London time one Business Day prior to the commencement of such Interest Period. If the HIBOR Rate shall be less than
zero, the HIBOR Rate shall be deemed to be zero for purposes of this Agreement. &ldquo;HIBOR Rate,&rdquo; when used with respect to a
Loan or a Borrowing, shall refer to whether such Loan, or the Loans comprising such Borrowing, bears interest at a rate determined by
reference to the HIBOR Rate.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>HMRC DT Treaty Passport Scheme</U>&rdquo; means the Board
of HM Revenue and Customs Double Taxation Treaty Passport scheme.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Hong Kong Borrower Outstandings</U>&rdquo; means, at any
time, the sum of (i)&nbsp;the Dollar Equivalent of the Hong Kong Revolving Loans to the Hong Kong Borrower outstanding at such time <I>plus</I>
(ii)&nbsp;the Dollar Equivalent of the Hong Kong Protective Advances to the Hong Kong Borrowers outstanding at such time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Hong Kong Borrowers</U>&rdquo; means Fossil Asia and each
other Hong Kong Subsidiary that becomes party to this Agreement as a Hong Kong Borrower after the Effective Date pursuant to Section&nbsp;5.03(b).</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Hong Kong Borrowing Base</U>&rdquo; means, at any time (without
duplication):</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(a) &#8239;&#8239;the
lesser of (x)&nbsp;the product of (i)&nbsp;90% <I>multiplied by</I> (ii)&nbsp;the <FONT STYLE="color: red"><STRIKE>NOLV Percentage</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Net
Orderly Liquidation Value</U></FONT> of Eligible Finished Goods Inventory of the Hong Kong Borrowers at such time and (y)&nbsp;the product
of (i)&nbsp;65% <I>multiplied by</I> (ii)&nbsp;the lower of cost or market value of Eligible Finished Goods Inventory of the Hong Kong
Borrowers, <I>plus</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(b) &#8239;&#8239;the
product of (i)&nbsp;85% <I>multiplied by</I> (ii)&nbsp;the Eligible Accounts of the Hong Kong Borrowers at such time, <I>minus</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(c) &#8239;&#8239;without
duplication, Reserves established by the Administrative Agent in its Permitted Discretion<FONT STYLE="color: red"><STRIKE>.</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>;</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>provided
that the advance rates in each of the foregoing clauses (a)&nbsp;and (b)&nbsp;above shall increase by the Seasonal Overadvance Amount
during any Seasonal Overadvance Period.</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Administrative Agent may, in its Permitted Discretion and with
no less than two (2)&nbsp;Business Days&rsquo; prior written notice to the Borrower Representative (other than during a Dominion Period
in which case notice shall not be required), adjust Reserves used in computing the Hong Kong Borrowing Base. Subject to the immediately
preceding sentence and the other provisions hereof expressly permitting the Administrative Agent to adjust Reserves, the Hong Kong Borrowing
Base at any time shall be determined by reference to the most recent Borrowing Base Certificate delivered to the Administrative Agent
pursuant to Section&nbsp;5.01(f)&nbsp;(or, prior to the first such delivery, delivered to the Administrative Agent pursuant to Section&nbsp;4.01(o));
<U>provided</U> that if any Borrowing Base Certificate delivered under Section&nbsp;5.01(f)&nbsp;shall prove to have been materially inaccurate
(regardless of whether any Revolving Commitments are in effect or any amounts are outstanding hereunder when such inaccuracy is discovered),
and such inaccuracy shall have resulted in the payment of any interest or fees at rates lower than those that were in fact applicable
for any period (based on the actual Hong Kong Borrowing Base), the applicable Borrowers shall pay to the Administrative Agent, for distribution
to the Lenders (or former Lenders) as their interests may appear, the accrued interest or fees that should have been paid but were not
paid as a result of such inaccuracy.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Hong Kong Collateral</U>&rdquo; means any and all property
of any Hong Kong Loan Party covered by the Collateral Documents and any and all other property of any Hong Kong Loan Party, now existing
or hereafter acquired, that may at any time be or become subject to a security interest or Lien in favor of the Administrative Agent to
secure the Hong Kong Secured Obligations.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Hong Kong Commitment</U>&rdquo; means, with respect to each
Hong Kong Revolving Lender, the commitment, if any, of such Hong Kong Revolving Lender to make Hong Kong Revolving Loans hereunder, expressed
as an amount representing the maximum possible aggregate amount of such Hong Kong Revolving Lender&rsquo;s Hong Kong Revolving Exposure
hereunder, as such commitment may be reduced or increased from time to time pursuant to (a)&nbsp;Section&nbsp;2.09 and (b)&nbsp;assignments
by or to such Hong Kong Revolving Lender pursuant to Section&nbsp;9.04. The amount of each Hong Kong Revolving Lender&rsquo;s Hong Kong
Commitment is set forth on <U>Schedule 2.01</U>, or in the Assignment and Assumption or other documentation or record (as such term is
defined in Section&nbsp;9-102(a)(70) of the New York Uniform Commercial Code) as provided in Section&nbsp;9.04(b)(ii)(C)&nbsp;pursuant
to which such Hong Kong Revolving Lender shall have assumed its Hong Kong Commitment, as applicable. As of the <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Amendment
No.&nbsp;4 </U></FONT>Effective Date, the aggregate amount of the Hong Kong Commitments is $<FONT STYLE="color: red"><STRIKE>30,000,000</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>10,000,000</U></FONT>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Hong Kong Credit Exposure</U>&rdquo; means, as to any Hong
Kong Revolving Lender at any time, the sum of (a)&nbsp;such Hong Kong Revolving Lender&rsquo;s Hong Kong Revolving Exposure <I>plus</I>
(b)&nbsp;a Dollar Equivalent equal to such Lender&rsquo;s Applicable Percentage of the aggregate amount of Hong Kong Overadvances and
Hong Kong Protective Advances outstanding.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Hong Kong Dollars</U>&rdquo; or &ldquo;<U>HK$</U>&rdquo;
means the lawful currency of Hong Kong.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Hong Kong Facility</U>&rdquo; means, collectively, the Hong
Kong Commitments and the extensions of credit made thereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Hong Kong Guarantee</U>&rdquo; means Article&nbsp;XIV of
this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Hong Kong Guaranteed Obligations</U>&rdquo; has the meaning
set forth in Section&nbsp;14.01.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Hong Kong Guarantor</U>&rdquo; means each Hong Kong Borrower
(solely with respect to its Obligations arising pursuant to Section&nbsp;14.01 hereof) and each Hong Kong Subsidiary of a Hong Kong Borrower
that is listed on the signature pages&nbsp;hereto as a Hong Kong Guarantor or that becomes a party hereto as a Hong Kong Guarantor pursuant
to Section&nbsp;5.03, in each case, until such Subsidiary&rsquo;s Hong Kong Guarantee is released in accordance herewith.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Hong Kong Line Cap</U>&rdquo; means, as of any date of determination
thereof by the Administrative Agent, an amount equal to the lesser of (i)&nbsp;the total Hong Kong Commitments then in effect and (ii)&nbsp;the
Hong Kong Borrowing Base.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Hong Kong Loan Parties</U>&rdquo; means, individually and
collectively as the context may require, the Hong Kong Borrowers and each Hong Kong Guarantor.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Hong Kong Loans</U>&rdquo; means, individually and collectively
as the context may require, the Hong Kong Revolving Loans, the Hong Kong Protective Advances and the Hong Kong Overadvances.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Hong Kong Obligated Party</U>&rdquo; has the meaning set
forth in Section&nbsp;14.02.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Hong Kong Obligations</U>&rdquo; means all unpaid principal
of and accrued and unpaid interest on the Hong Kong Loans to the Hong Kong Borrowers, all accrued and unpaid fees and all expenses, reimbursements,
indemnities and other obligations of the Hong Kong Loan Parties to the Lenders or to any Lender, the Administrative Agent or any indemnified
party arising under the Loan Documents (including interest, costs, fees, expenses and other amounts accruing during the pendency of any
case or proceeding under any Insolvency Laws, regardless of whether allowed or allowable in such case or proceeding).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Hong Kong Overadvance</U>&rdquo; has the meaning set forth
in Section&nbsp;2.05(c).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Hong Kong Overadvance Exposure</U>&rdquo; means, at any time,
the sum of the aggregate principal amount of all outstanding Hong Kong Overadvances at such time. The Hong Kong Overadvance Exposure of
any Lender in respect of the Hong Kong Facility at any time shall be its Applicable Percentage of the total Hong Kong Overadvance Exposure
at such time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Hong Kong Protective Advance</U>&rdquo; has the meaning set
forth in Section&nbsp;2.04(a).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Hong Kong Protective Advance Exposure</U>&rdquo; means, at
any time, the sum of the aggregate principal amount of all outstanding Hong Kong Protective Advances at such time. The Hong Kong Protective
Advance Exposure of any Lender in respect of the Hong Kong Facility at any time shall be its Applicable Percentage of the total Hong Kong
Protective Advance Exposure at such time.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Hong Kong Revolving Exposure</U>&rdquo; means, with respect
to any Hong Kong Revolving Lender at any time, the outstanding principal amount of Hong Kong Revolving Loans of such Hong Kong Revolving
Lender at such time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Hong Kong Revolving Lenders</U>&rdquo; means the Persons
listed on <U>Schedule 2.01</U> (or an Affiliate or branch of any such Person that is acting on behalf of such Person, in which case the
term &ldquo;Hong Kong Revolving Lenders&rdquo; shall include any such Affiliate or branch with respect to the Hong Kong Revolving Loans
made by such Affiliate or branch) as having a Hong Kong Commitment and any other Person that shall acquire a Hong Kong Commitment, other
than any such Person that ceases to be a Hong Kong Revolving Lender pursuant to an Assignment and Assumption.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Hong Kong Revolving Loan</U>&rdquo; means a Revolving Loan
made by the Hong Kong Revolving Lenders to the Hong Kong Borrowers or U.S. Borrowers.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Hong Kong Secured Obligations</U>&rdquo; means all Hong Kong
Obligations together with all (a)&nbsp;Banking Services Obligations of the Hong Kong Loan Parties or any other Hong Kong Restricted Subsidiaries
of the Company and (b)&nbsp;Swap Obligations of the Hong Kong Loan Parties or any other Hong Kong Restricted Subsidiaries of the Company
owing to one or more Qualified Counterparties; <U>provided</U> that Excluded Swap Obligations with respect to any Loan Party shall not
be Hong Kong Secured Obligations of such Loan Party.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Hong Kong Security Agreements</U>&rdquo; means, collectively,
(a)&nbsp;that certain Hong Kong law all asset security agreement, dated as of the date hereof, among the Hong Kong Loan Parties and the
Administrative Agent and (b)&nbsp;any other Hong Kong law pledge or security agreement (including any supplemental agreement or accession
agreement in respect of a Hong Kong Security Agreement) entered into, after the Effective Date, by any Loan Party (as required by this
Agreement or any other Loan Document), as the same may be amended, restated or otherwise modified from time to time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Hong Kong Subsidiary</U>&rdquo; means any subsidiary of the
Company that has been formed or is organized under the laws of Hong Kong.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; color: red"><STRIKE>&ldquo;</STRIKE><U><STRIKE>IBA</STRIKE></U><STRIKE>&rdquo;
has the meaning assigned to such term in Section&nbsp;1.09.</STRIKE></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Immaterial Subsidiary</U>&rdquo; means, at any date of determination,
any Restricted Subsidiary that, at the last day of the most recently ended Fiscal Quarter of the Company for which financial statements
have theretofore been most recently delivered pursuant to Section&nbsp;5.01(a)&nbsp;or (b), accounted for less than (x)&nbsp;5.0% of Total
Assets at such date and (y)&nbsp;less than 5.0% of the consolidated revenues of the Company and its Restricted Subsidiaries for the most
recent four Fiscal Quarter period ending on or prior to such date; <U>provided</U> that, notwithstanding the above, &ldquo;Immaterial
Subsidiary&rdquo; shall exclude any of the Company&rsquo;s Restricted Subsidiaries designated in writing to the Administrative Agent,
by a responsible officer of the Company (which the Company shall be required to designate (and hereby undertakes to designate) to the
extent necessary to ensure that Immaterial Subsidiaries, in the aggregate, accounted for, at the last day of any Fiscal Quarter of the
Company for which financial statements have theretofore been most recently delivered pursuant to Section&nbsp;5.01(a)&nbsp;or (b), less
than 5.0% of Total Assets at such date and less than 5.0% of consolidated revenues of the Company and its Restricted Subsidiaries for
the four Fiscal Quarter period ending on such date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Impacted EURIBOR Rate Interest Period</U>&rdquo; has the
meaning assigned to such term in the definition of &ldquo;EURIBOR Rate.&rdquo;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; color: red"><STRIKE>&ldquo;</STRIKE><U><STRIKE>Impacted
LIBO Rate Interest Period</STRIKE></U><STRIKE>&rdquo; has the meaning assigned to such term in the definition of &ldquo;LIBO Rate.&rdquo;</STRIKE></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Indebtedness</U>&rdquo; of any Person means, without duplication,
(a)&nbsp;all obligations of such Person for borrowed money or with respect to deposits or advances of any kind, (b)&nbsp;all obligations
of such Person evidenced by bonds, debentures, notes or similar instruments, (c)&nbsp;all obligations of such Person under conditional
sale or other title retention agreements relating to property acquired by such Person (excluding trade accounts payable incurred in the
ordinary course of business), (d)&nbsp;all obligations of such Person in respect of the deferred purchase price of property or services
(excluding (i)&nbsp;current accounts payable incurred in the ordinary course of business, (ii)&nbsp;deferred compensation payable to directors,
officers or employees of the Company or any Restricted Subsidiary and (iii)&nbsp;any purchase price adjustment or earnout incurred in
connection with an acquisition<FONT STYLE="color: red"><STRIKE>, except to the extent that the amount payable pursuant to such purchase
price adjustment or earnout is, or becomes, reasonably determinable</STRIKE></FONT>), (e)&nbsp;all Capital Lease Obligations and Synthetic
Lease Obligations of such Person, (f)&nbsp;all obligations, contingent or otherwise, of such Person as an account party in respect of
letters of credit and letters of guaranty, (g)&nbsp;all obligations, contingent or otherwise, of such Person in respect of bankers&rsquo;
acceptances, (h)&nbsp;all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent
or otherwise, to be secured by) any Lien on property owned or acquired by such Person, whether or not the Indebtedness secured thereby
has been assumed by such Person (but only to the extent of the lesser of (x)&nbsp;the amount of such Indebtedness and (y)&nbsp;the fair
market value of such property, if such Indebtedness has not been assumed by such Person), and (i)&nbsp;all Guarantees by such Person of
Indebtedness of others. <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Notwithstanding the foregoing,&nbsp;Indebtedness shall
not include trade payables (including any obligation owed by a Person arising out of arrangements whereby a third party makes payments
for the account of such Person directly or indirectly to a trade creditor of such Person in respect of trade payables of such Person)
and related accrued expenses, and related obligations owed to such third party purchaser, incurred by any Person in accordance with customary
practices and in the ordinary course of business of such Person. </U></FONT>The Indebtedness of any Person shall include the Indebtedness
of any other Person (including any partnership in which such Person is a general partner) to the extent such Person is liable therefor
by contract, as a matter of law or otherwise as a result of such Person&rsquo;s ownership interest in or other relationship with such
other Person, except to the extent the terms of such Indebtedness provide that such Person is not liable therefor.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Indemnitee</U>&rdquo; has the meaning set forth in Section&nbsp;9.03(b).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Information</U>&rdquo; has the meaning set forth in Section&nbsp;9.12.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Information Materials</U>&rdquo; means all written materials
relating to the Loan Parties and the Transactions provided to the Lenders in connection with the syndication of the Revolving Commitments.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Insolvency Laws</U>&rdquo; means each of the Bankruptcy Code,
the Bankruptcy and Insolvency Act (Canada), the Companies&rsquo; Creditors Arrangement Act (Canada), the Winding-Up and Restructuring
Act (Canada), the United Kingdom&rsquo;s Insolvency Act 1986, the EU Regulation 2015/848 on insolvency proceedings (recast), the United
Kingdom&rsquo;s Companies Act 2006, the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Chapter 32 of the Laws of Hong
Kong), the Companies (Winding Up) Rules&nbsp;(Chapter 32H of the Laws of Hong Kong), Bankruptcy Ordinance (Chapter 6 of the Laws of Hong
Kong), the German Insolvency Code and the Swiss Federal Debt Enforcement and Bankruptcy Act (<I>Bundesgesetz &uuml;ber Schuldbetreibung
und Konkurs</I> (<I>SchKG</I>)), in respect of any French Guarantor, any insolvency &ldquo;<I>&eacute;tat de cessation des paiements</I>,&rdquo;
any reorganisation in the context of a mandat ad hoc or of a <I>conciliation</I>, any judicial reorganisation &ldquo;<I>redressement judiciaire</I>,&rdquo;
any partial or whole sale of the company &ldquo;<I>cession totale ou partielle de l&rsquo;entreprise</I>,&rdquo; any judicial liquidation
 &ldquo;<I>liquidation judiciaire</I>,&rdquo; any safeguard &ldquo;<I>sauvegarde</I>,&rdquo; any accelerated financial safeguard &ldquo;<I>sauvegarde
financi&egrave;re acc&eacute;l&eacute;r&eacute;e</I>,&rdquo; any accelerated safeguard &ldquo;<I>sauvegarde acc&eacute;l&eacute;r&eacute;e</I>&rdquo;
or any collective procedure &ldquo;<I>proc&eacute;dure collective</I>&rdquo; under Book VI of the French Commercial Code (as amended),
in each case as amended, and any other applicable state, provincial, territorial, foreign or federal bankruptcy laws, each as now and
hereafter in effect, any successors to such statutes and any other applicable insolvency or other similar law of any jurisdiction, including
any corporate law of any jurisdiction permitting a debtor to obtain a stay or a compromise of the claims of its creditors against it and
including any rules&nbsp;and regulations pursuant thereto.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Intellectual
Property&rdquo; has the meaning set forth in the U.S. Security Agreement.</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Intercompany Subordination Agreement</U>&rdquo; means the
Intercompany Subordination Agreement dated the date hereof among the Borrowers and the other Restricted Subsidiaries party thereto in
the form attached as <U>Exhibit&nbsp;M</U>, as the same may be amended in accordance with the terms hereof and thereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Intercreditor Agreement</U>&rdquo; means the Intercreditor
Agreement <FONT STYLE="color: red"><STRIKE>dated as of the date hereof among the U.S. Loan Parties, the Administrative Agent and the administrative
agent, collateral agent, collateral trustee or a similar representative for the Term Credit Agreement, </STRIKE></FONT>in substantially
the form of <U>Exhibit&nbsp;E <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue">(as amended by Amendment No.&nbsp;4)</FONT></U>,
with such changes therefrom as are contemplated or permitted by Section&nbsp;9.18.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Interest Election Request</U>&rdquo; means a request by the
Borrower Representative to convert or continue a Revolving Borrowing in accordance with Section&nbsp;2.08, which shall be, in the case
of any such written request, in the form of Exhibit&nbsp;F or any other form approved by the Administrative Agent.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Interest Payment Date</U>&rdquo; means (a)&nbsp;with respect
to any ABR Loan (other than a Protective Advance or an Overadvance), CBR Loan, Canadian Prime Rate Loan or Swingline Loan, the first day
of each calendar quarter and the Maturity Date, (b)&nbsp;with respect to any RFR Loan, <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(1)&nbsp;</U></FONT>each
date that is on the numerically corresponding day in each calendar month that is one month after the Borrowing of such Loan (or, if there
is no such numerically corresponding day in such month, then the last day of such month) and <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(2)&nbsp;</U></FONT>the
Maturity Date, (c)&nbsp;with respect to any Term Benchmark Loan, the last day of <FONT STYLE="color: red"><STRIKE>the</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>each</U></FONT>
Interest Period applicable to the Borrowing of which such Loan is a part and, in the case of a Term Benchmark Borrowing with an Interest
Period of more than three months&rsquo; duration, <FONT STYLE="color: red"><STRIKE>such</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>each</U></FONT>
day <FONT STYLE="color: red"><STRIKE>or days </STRIKE></FONT>prior to the last day of such Interest Period <FONT STYLE="color: red"><STRIKE>as
shall occur</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>that occurs</U></FONT> at intervals of three months&rsquo;
duration after the first day of such Interest Period, and the Maturity Date, and (d)&nbsp;with respect to any Protective Advance or Overadvance,
the day that such Loan is required to be repaid and the Maturity Date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Interest Period</U>&rdquo; means<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>,</U></FONT>
with respect to any Term Benchmark Borrowing, the period commencing on the date of such Borrowing and ending on the numerically corresponding
day in the calendar month that is one, three or six months (or, with the consent of each Lender, twelve months) thereafter (in each case,
subject to the availability for the <FONT STYLE="color: red"><STRIKE>rate</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Benchmark</U></FONT>
applicable to the relevant Borrowing for any Agreed Currency), in each case, as the Borrower Representative may elect; <U>provided</U>
that (i)&nbsp;if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next
succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period
shall end on the next preceding Business Day <FONT STYLE="color: red"><STRIKE>and</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>,</U></FONT>
(ii)&nbsp;any Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically
corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of
such Interest Period <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>and (iii)&nbsp;no tenor that has been removed from this
definition pursuant to Section&nbsp;2.14(e)&nbsp;shall be available for specification in such Borrowing Request or Interest Election Request</U></FONT>.
For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and, in the case of a Revolving
Borrowing, thereafter shall be the effective date of the most recent conversion or continuation of such Borrowing.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Interpolated Rate</U>&rdquo; means, at any time, (i<FONT STYLE="color: red"><STRIKE>)&nbsp;with
respect to any Term Benchmark Borrowing denominated in Dollars and for any Interest Period, the rate per annum (rounded to the same number
of decimal places as the LIBO Screen Rate) determined by the Administrative Agent (which determination shall be conclusive and binding
absent manifest error) to be equal to the rate that results from interpolating on a linear basis between: (a)&nbsp;the LIBO Screen Rate
for the longest period (for which the LIBO Screen Rate is available) that is shorter than the Impacted LIBO Rate Interest Period; and
(b)&nbsp;the LIBO Screen Rate for the shortest period (for which the LIBO Screen Rate is available) that exceeds the Impacted LIBO Rate
Interest Period, in each case, at such time; ; (ii</STRIKE></FONT>)&nbsp;with respect to any Term Benchmark Borrowing denominated in Euros
and for any Interest Period, the rate per annum (rounded to the same number of decimal places as the EURIBOR Screen Rate) determined by
the Administrative Agent (which determination shall be conclusive and binding absent manifest error) to be equal to the rate that results
from interpolating on a linear basis between: (a)&nbsp;the EURIBOR Screen Rate for the longest period (for which the EURIBOR Screen Rate
is available for Euros) that is shorter than the Impacted EURIBOR Rate Interest Period; and (b)&nbsp;the EURIBOR Screen Rate for the shortest
period (for which the EURIBOR Screen Rate is available for Euros) that exceeds the Impacted EURIBOR Rate Interest Period, in each case,
at such time; and (<FONT STYLE="color: red"><STRIKE>iii</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>ii</U></FONT>)
with respect to any Term Benchmark Borrowing denominated in Canadian Dollars and for any Interest Period, the rate per annum (rounded
to the same number of decimal places as the CDOR Screen Rate) determined by the Administrative Agent (which determination shall be conclusive
and binding absent manifest error) to be equal to the rate that results from interpolating on a linear basis between (a)&nbsp;the applicable
CDOR Screen Rate for the longest period (for which such CDOR Screen Rate is available) that is shorter than the Interest Period for such
CDOR Rate Loan and (b)&nbsp;the applicable CDOR Screen Rate for the shortest period (for which such CDOR Screen Rate is available) that
is longer than the Interest Period for such CDOR Rate Loan, in each case at such time; <U>provided</U> that if any Interpolated Rate shall
be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Inventory</U>&rdquo; has the meaning set forth in each Security
Agreement.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Investment</U>&rdquo; means, with respect to a specified
Person, any Equity Interests, evidences of Indebtedness or other securities (including any option, warrant or other right to acquire any
of the foregoing) of, or any capital contribution or loans or advances (other than advances made in the ordinary course of business that
would be recorded as accounts receivable on the balance sheet of the specified Person prepared in accordance with GAAP) to, Guarantees
of any Indebtedness or other obligations of, or any other investment (including any investment in the form of transfer of property for
consideration that is less than the fair value thereof (as determined reasonably and in good faith by the chief financial officer of the
Company)) in, any other Person that are held or made by the specified Person. The amount, as of any date of determination, of (a)&nbsp;any
Investment in the form of a loan or an advance shall be the principal amount thereof outstanding on such date, without any adjustment
for write-downs or write-offs (including as a result of forgiveness of any portion thereof) with respect to such loan or advance after
the date thereof, (b)&nbsp;any Investment in the form of a Guarantee shall be determined in accordance with the definition of the term
 &ldquo;Guarantee,&rdquo; (c)&nbsp;any Investment in the form of a purchase or other acquisition for value of any Equity Interests, evidences
of Indebtedness or other securities of any Person shall be the fair value (as determined reasonably and in good faith by the chief financial
officer of the Company) of the consideration therefor (including any Indebtedness assumed in connection therewith), <I>plus</I> the fair
value (as so determined) of all additions, as of such date of determination, thereto, and <I>minus</I> the amount, as of such date of
determination, of any portion of such Investment repaid to the investor in cash as a repayment of principal or a return of capital, as
the case may be, but without any other adjustment for increases or decreases in value of, or write-ups, write-downs or write-offs with
respect to, such Investment after the time of such Investment, (d)&nbsp;any Investment (other than any Investment referred to in clause
(a), (b)&nbsp;or (c)&nbsp;above) in the form of a transfer of Equity Interests or other property by the investor to the investee, including
any such transfer in the form of a capital contribution, shall be the fair value (as determined reasonably and in good faith by the chief
financial officer of the Company) of such Equity Interests or other property as of the time of such transfer (less, in the case of any
investment in the form of transfer of property for consideration that is less than the fair value thereof, the fair value (as so determined)
of such consideration as of the time of the transfer), <I>minus</I> the amount, as of such date of determination, of any portion of such
Investment repaid to the investor in cash as a return of capital, but without any other adjustment for increases or decreases in value
of, or write-ups, write-downs or write-offs with respect to, such Investment after the time of such transfer, and (e)&nbsp;any Investment
(other than any Investment referred to in clause (a), (b), (c)&nbsp;or (d)&nbsp;above) in any Person resulting from the issuance by such
Person of its Equity Interests to the investor shall be the fair value (as determined reasonably and in good faith by the chief financial
officer of the Company) of such Equity Interests at the time of the issuance thereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>IP Security Agreements</U>&rdquo; has the meaning set forth
in each of the U.S. Security Agreement and the Canadian Security Agreement.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Issuing Banks</U>&rdquo; means, individually and collectively
as the context may require, in the case of each Letter of Credit, JPMorgan Chase Bank, N.A., Wells Fargo Bank, National Association, <FONT STYLE="color: red"><STRIKE>Citizens
Bank, N.A., </STRIKE></FONT>Bank of America, N.A. and any other Lender proposed by the Borrower Representative that has agreed to act
as an Issuing Bank and is reasonably acceptable to the Administrative Agent, each in its capacity as an issuer of Letters of Credit hereunder,
and its successors and assigns in such capacity as provided in Section&nbsp;2.06(j). Each Issuing Bank may, in its sole discretion, arrange
for one or more Letters of Credit to be issued by Affiliates of such Issuing Bank, in which case the term &ldquo;Issuing Bank&rdquo; shall
include any such Affiliate with respect to Letters of Credit issued by such Affiliate. Additionally, each Person that has issued any Existing
Letter of Credit shall be deemed to be an Issuing Bank for purposes of such Existing Letter of Credit but shall be under no obligation
to issue any additional Letters of Credit unless otherwise specified herein.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>ITA</U>&rdquo; means the Income Tax Act (Canada), as amended.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Joinder Agreement</U>&rdquo; means a joinder agreement substantially
in the form of <U>Exhibit&nbsp;H</U>.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>JPMCB</U>&rdquo; means JPMorgan Chase Bank, N.A., a national
banking association, in its individual capacity, and its successors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>LC Collateral Account</U>&rdquo; has the meaning set forth
in Section&nbsp;2.06(j).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>LC Commitment</U>&rdquo; means, with respect to each Issuing
Bank, the commitment of such Issuing Bank to issue Letters of Credit pursuant to Section&nbsp;2.06. As of the Closing Date, the amount
of each Issuing Bank&rsquo;s LC Commitment is set forth on <U>Schedule 2.01</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>LC Disbursement</U>&rdquo; means a payment made by an Issuing
Bank pursuant to a Letter of Credit. The date of an LC Disbursement shall be the date of payment by the applicable Issuing Bank under
a Letter of Credit or a time draft presented thereunder, as the case may be.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>LC Exposure</U>&rdquo; means, at any time, the sum of (a)&nbsp;the
aggregate undrawn amount of all outstanding Letters of Credit at such time <I>plus</I> (b)&nbsp;the aggregate amount of all LC Disbursements
relating to Letters of Credit that have not yet been reimbursed by or on behalf of the Borrowers at such time. The LC Exposure of any
U.S. Revolving Lender at any time shall be its Applicable Percentage of the total LC Exposure at such time.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Lender Parties</U>&rdquo; means (a)&nbsp;the Administrative
Agent, (b)&nbsp;the Arrangers, (c)&nbsp;<FONT STYLE="color: red"><STRIKE>the Co-Syndication Agents</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>each
other Agent</U></FONT>, (d)&nbsp;the Lenders and the Swingline Lenders, (e)&nbsp;the Issuing Banks, (f)&nbsp;Qualified Counterparties
to whom any Banking Services Obligations constituting Secured Obligations hereunder are owing, (g)&nbsp;Qualified Counterparties to whom
Swap Obligations constituting Secured Obligations hereunder are owing, (h)&nbsp;the beneficiaries of each indemnification obligation undertaken
by any Loan Party under any Loan Document and (i)&nbsp;the permitted successors and assigns of the foregoing.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Lenders</U>&rdquo; means the Persons listed on <U>Schedule
2.01</U> and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption or an amendment referred
to in Section&nbsp;2.09(e), other than any such Person that shall have ceased to be a party hereto pursuant to an Assignment and Assumption.
Unless the context otherwise requires, the term &ldquo;Lenders&rdquo; includes the Swingline Lender.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Letter of Credit</U>&rdquo; means each Existing Letter of
Credit and any letter of credit or similar instrument (including a bank guarantee) acceptable to the Administrative Agent and the applicable
Issuing Bank issued pursuant to this Agreement for the account of a U.S. Borrower or one of its Restricted Subsidiaries; <I>provided</I>
that no Letter of Credit issued pursuant to this Agreement shall be a Commercial Letter of Credit.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Letter of Credit Agreement</U>&rdquo; has the meaning assigned
to it in Section&nbsp;2.06(b).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; color: red"><STRIKE>&ldquo;</STRIKE><U><STRIKE>LIBO
Rate</STRIKE></U><STRIKE>&rdquo; means, with respect to any Term Benchmark Borrowing denominated in Dollars for any Interest Period, the
London interbank offered rate as administered by ICE Benchmark Association (or any other Person that takes over the administration of
such rate) for Dollars for a period equal in length to such Interest Period as displayed on pages&nbsp;LIBOR01 or LIBOR02 of the Reuters
screen that displays such rate (or, in the event such rate does not appear on a Reuters page&nbsp;or screen, on any successor or substitute
page&nbsp;on such screen that displays such rate, or on the appropriate page&nbsp;of such other information service that publishes such
rate from time to time as selected by the Administrative Agent in its reasonable discretion (in each case, the &ldquo;</STRIKE><U><STRIKE>LIBO
Screen Rate</STRIKE></U><STRIKE>&rdquo;), at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such
Interest Period; </STRIKE><U><STRIKE>provided</STRIKE></U> <STRIKE>that, if the LIBO Screen Rate shall be less than zero, such rate shall
be deemed to be zero for the purposes of this Agreement and </STRIKE><U><STRIKE>provided</STRIKE></U><STRIKE>, </STRIKE><U><STRIKE>further</STRIKE></U><STRIKE>,
if the LIBO Screen Rate shall not be available at such time for such Interest Period (an &ldquo;</STRIKE><U><STRIKE>Impacted LIBO Rate
Interest Period</STRIKE></U><STRIKE>&rdquo;) then the LIBO Rate shall be the applicable Interpolated Rate.</STRIKE></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; color: red"><STRIKE>&ldquo;</STRIKE><U><STRIKE>LIBO
Screen Rate</STRIKE></U><STRIKE>&rdquo; has the meaning set forth in the definition of &ldquo;LIBO Rate.</STRIKE></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Lien</U>&rdquo; means, with respect to any asset, (a)&nbsp;any
mortgage, deed of trust, lien, pledge, hypothecation, charge, assignment by way of security, security interest or other encumbrance in,
on or of such asset, (b)&nbsp;the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention
agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such asset and (c)&nbsp;in
the case of securities, any purchase option, call or similar right of a third party with respect to such securities.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Line Cap</U>&rdquo; means, as of any date of determination
thereof by the Administrative Agent, an amount equal to the lesser of (i)&nbsp;the total Revolving Commitments then in effect and (ii)&nbsp;the
Aggregate Borrowing Base.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>LLC</U>&rdquo; means any Person that is a limited liability
company under the laws of its jurisdiction of formation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Loan Documents</U>&rdquo; means this Agreement, <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Amendment
No.&nbsp;1, Amendment No.&nbsp;2, Amendment No.&nbsp;3, Amendment No.&nbsp;4, </U></FONT>the Collateral Documents, each Compliance Certificate,
the Intercreditor Agreement, the Intercompany Subordination Agreement, any amendment referred to in Section&nbsp;2.09(e)&nbsp;and, except
for purposes of Section&nbsp;9.02, any promissory notes issued pursuant to this Agreement, any Letter of Credit Agreement and all other
agreements, instruments, documents and certificates identified in Section&nbsp;4.01 executed and delivered to, or in favor of, the Administrative
Agent or any Lender and including all other pledges, powers of attorney, consents, assignments, contracts, notices, letter of credit agreements,
letter of credit applications and any agreements between the Borrower Representative and the Issuing Bank regarding the respective rights
and obligations between a Borrower and the Issuing Bank in connection with the issuance by the Issuing Bank of Letters of Credit. Any
reference in this Agreement or any other Loan Document to a Loan Document shall include all appendices, exhibits or schedules thereto,
and all amendments, restatements, supplements or other modifications thereto, and shall refer to this Agreement or such Loan Document
as the same may be in effect at any and all times such reference becomes operative.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Loan Guarantee</U>&rdquo; means the U.S. Guarantee, the Canadian
Guarantee, the French Guarantee, the German Guarantee, the Hong Kong Guarantee, the Swiss Guarantee and the UK Guarantee.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Loan Parties</U>&rdquo; means, individually and collectively
as the context may require, the U.S. Loan Parties, the Canadian Loan Parties, the German Loan Parties, the Hong Kong Loan Parties, the
Swiss Loan Parties, the UK Loan Parties and, from and after the French Effective Date, the French Loan Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Loans</U>&rdquo; means the loans and advances made by the
Lenders or the Administrative Agent pursuant to this Agreement, including Swingline Loans, Overadvances and Protective Advances.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Management Notification</U>&rdquo; has the meaning set forth
in Section&nbsp;9.24(c).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Margin Stock</U>&rdquo; means margin stock within the meaning
of Regulations T, U and X, as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; color: red"><STRIKE>&ldquo;</STRIKE><U><STRIKE>Material
Adverse Effect</STRIKE></U><STRIKE>&rdquo; means a material adverse effect on (a)&nbsp;the results of operations, assets, business or
financial condition of the Company and the Restricted Subsidiaries taken as a whole, (b)&nbsp;the ability of the Loan Parties to perform
any of their monetary obligations under the Loan Documents to which it is a party, or (c)&nbsp;the rights of or benefits available to
the Administrative Agent, the Issuing Banks or the Lenders under the Loan Documents.</STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Material Acquisition</U>&rdquo; means any acquisition, or
a series of related acquisitions, of (a)&nbsp;Equity Interests in any Person if, after giving effect thereto, such Person will become
a Subsidiary or (b)&nbsp;assets comprising all or substantially all the assets of (or all or substantially all the assets constituting
a business unit, division, product line or line of business of) any Person; provided that the aggregate consideration therefor (including
Indebtedness assumed in connection therewith, all obligations in respect of deferred purchase price (including obligations under any purchase
price adjustment but excluding earnout or similar payments) and all other consideration payable in connection therewith) exceeds $20,000,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Material
Adverse Effect&rdquo; means a material adverse effect on (a)&nbsp;the results of operations, assets, business or financial condition of
the Company and the Restricted Subsidiaries taken as a whole, (b)&nbsp;the ability of the Loan Parties to perform any of their monetary
obligations under the Loan Documents to which it is a party, or (c)&nbsp;the rights of or benefits available to the Administrative Agent,
the Issuing Banks or the Lenders under the Loan Documents.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Material Contract</U>&rdquo; means (a)&nbsp;any agreement
to which any Loan Party or any Subsidiary thereof is a party that is of the type referred to as a &ldquo;material definitive agreement&rdquo;
in Form&nbsp;8-K or required to be attached as an exhibit to a filing in accordance with Item 601 of Regulation S-K as promulgated by
the SEC and (b)&nbsp;any cash pooling agreements to which any Loan Party or any Subsidiary thereof is a party or by which any Loan Party
or any Subsidiary thereof is bound.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Material Disposition</U>&rdquo; means any Disposition, or
a series of related sales, transfers or other Dispositions, of (a)&nbsp;all or substantially all the issued and outstanding Equity Interests
in any Person that are owned by the Company or any Subsidiary or (b)&nbsp;assets comprising all or substantially all the assets of (or
all or substantially all the assets constituting a business unit, division, product line or line of business of) any Person; <U>provided</U>
that the aggregate consideration therefor (including Indebtedness assumed by the transferee in connection therewith, all obligations in
respect of deferred purchase price (including obligations under any purchase price adjustment but excluding earnout or similar payments)
and all other consideration payable in connection therewith) exceeds $20,000,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Material Indebtedness</U>&rdquo; means Indebtedness (other
than the Loans, Letters of Credit and the Loan Guarantee), or obligations in respect of one or more Swap Agreements, of any one or more
of the Company and the Restricted Subsidiaries in an aggregate principal amount exceeding $35,000,000. For purposes of determining Material
Indebtedness, the &ldquo;principal amount&rdquo; of the obligations of the Company or any Restricted Subsidiary in respect of any Swap
Agreement at any time shall be the maximum aggregate amount (giving effect to any netting agreements) that the Company or such Restricted
Subsidiary would be required to pay if such Swap Agreement were terminated at such time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Material Subsidiary</U>&rdquo; means each Subsidiary that
is not an Immaterial Subsidiary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Maturity Date</U>&rdquo; means <FONT STYLE="color: red"><STRIKE>September&nbsp;26,
2024</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>November&nbsp;7, 2027</U></FONT> (the &ldquo;<U>Scheduled
Maturity Date</U>&rdquo;); <U>provided</U> that, if on the date that is the <FONT STYLE="color: red"><STRIKE>121st</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>91st</U></FONT>
day prior to the final maturity date of any <FONT STYLE="color: red"><STRIKE>class or tranche of term loans under the Term Credit Agreement,
any such term loans are</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Material Indebtedness, any such Material
Indebtedness is</U></FONT> outstanding on such date, then the Maturity Date shall be such date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Maximum Canadian Liability</U>&rdquo; has the meaning set
forth in Section&nbsp;11.08.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Maximum French Liability</U>&rdquo; has the meaning set forth
in Section&nbsp;12.08.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Maximum German Liability</U>&rdquo; has the meaning set forth
in Section&nbsp;13.08.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Maximum Hong Kong Liability</U>&rdquo; has the meaning set
forth in Section&nbsp;14.08.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Maximum Rate</U>&rdquo; has the meaning set forth in Section&nbsp;9.16.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Maximum Swiss Liability</U>&rdquo; has the meaning set forth
in Section&nbsp;15.08.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Maximum UK Liability</U>&rdquo; has the meaning set forth
in Section&nbsp;16.08.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Maximum U.S. Liability</U>&rdquo; has the meaning set forth
in Section&nbsp;10.09.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Moody&rsquo;s</U>&rdquo; means Moody&rsquo;s Investors Service,&nbsp;Inc.,
and any successor to its rating agency business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Multiemployer Plan</U>&rdquo; means a &ldquo;multiemployer
plan&rdquo; as defined in Section&nbsp;4001(a)(3)&nbsp;of ERISA, to which any Loan Party or any ERISA Affiliate makes or is obligated
to make contributions or has any ongoing obligation with respect to withdrawal liability (within the meaning of Title IV of ERISA).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; color: red"><STRIKE>&ldquo;</STRIKE><U><STRIKE>Net
Orderly Liquidation Value</STRIKE></U><STRIKE>&rdquo; means, with respect to Inventory of any Person, the orderly liquidation value thereof,
as determined in a manner acceptable to the Administrative Agent in its Permitted Discretion by an appraiser reasonably acceptable to
the Administrative Agent.</STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<FONT STYLE="color: red"><U><STRIKE>NOLV Percentage</STRIKE></U></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Net
Orderly Liquidation Value</U></FONT>&rdquo; shall mean <FONT STYLE="color: red"><STRIKE>the fraction, expressed as a percentage, (a)&nbsp;the
numerator of which is</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>, with respect to Inventory or Trademark
Assets of any Person,</U></FONT> the amount equal to the blended recovery on the aggregate amount of the Eligible Finished Goods Inventory
<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>or Eligible Intellectual Property, as applicable, </U></FONT>at such time on
a <FONT STYLE="color: red"><STRIKE>Net Orderly Liquidation Value basis</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>&ldquo;net
orderly liquidation value&rdquo; basis (as determined in a manner acceptable to the Administrative Agent in its Permitted Discretion by
an appraiser reasonably acceptable to the Administrative Agent)</U></FONT> as set forth in the most recent inventory appraisal <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>or
intellectual property appraisal, as applicable, </U></FONT>received by the Administrative Agent in accordance with Section&nbsp;5.12,
net of operating expenses, liquidation expenses and commissions reasonably anticipated in the disposition of such assets<FONT STYLE="color: red"><STRIKE>,
and (b)&nbsp;the denominator of which is the original cost of the aggregate amount of the Eligible Finished Goods Inventory subject to
appraisal</STRIKE></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Non-Consenting Lender</U>&rdquo; has the meaning set forth
in Section&nbsp;9.02(e).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Non-Cooperative Jurisdiction</U>&rdquo; means a non-cooperative
state or territory (<I>Etat ou territoire non coop&eacute;ratif</I>) as set out in the list referred to in Article&nbsp;238-0A of the
French General Tax Code (<I>Code G&eacute;n&eacute;ral des Imp&ocirc;ts</I>), as such list may be amended from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Non-Paying Canadian Loan Party</U>&rdquo; has the meaning
set forth in Section&nbsp;11.09.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Non-Paying French Loan Party</U>&rdquo; has the meaning set
forth in Section&nbsp;12.10.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Non-Paying German Loan Party</U>&rdquo; has the meaning set
forth in Section&nbsp;13.09.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Non-Paying Hong Kong Loan Party</U>&rdquo; has the meaning
set forth in Section&nbsp;14.09.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Non-Paying Swiss Loan Party</U>&rdquo; has the meaning set
forth in Section&nbsp;15.09.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Non-Paying UK Loan Party</U>&rdquo; has the meaning set forth
in Section&nbsp;16.09.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Non-Paying U.S. Loan Party</U>&rdquo; has the meaning set
forth in Section&nbsp;10.10.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Non-U.S. Secured Obligations</U>&rdquo; means the Canadian
Secured Obligations, the French Secured Obligations, the Hong Kong Secured Obligations, the German Secured Obligations, the Swiss Secured
Obligations and the UK Secured Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>NYFRB</U>&rdquo; means the Federal Reserve Bank of New York.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>NYFRB Rate</U>&rdquo; means, for any day, the greater of
(a)&nbsp;the Federal Funds Effective Rate in effect on such day and (b)&nbsp;the Overnight Bank Funding Rate in effect on such day (or
for any day that is not a Business Day, for the immediately preceding Business Day); <U>provided</U> that if none of such rates are published
for any day that is a Business Day, the term &ldquo;NYFRB Rate&rdquo; means the rate for a federal funds transaction quoted at 11:00 a.m.&nbsp;on
such day received by the Administrative Agent from a federal funds broker of recognized standing selected by it; <U>provided</U>, <U>further</U>,
that if any of the aforesaid rates as so determined would be less than zero, such rate shall be deemed to be zero for purposes of this
Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;NYFRB&rsquo;s
Website&rdquo; means the website of the NYFRB at http://www.newyorkfed.org, or any successor source.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Obligations</U>&rdquo; means, individually and collectively
as the content may require, the U.S. Obligations, the French Obligations, the European Obligations, the Hong Kong Obligations and the
Canadian Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Original Currency</U>&rdquo; has the meaning set forth in
Section&nbsp;9.22.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Original Indebtedness</U>&rdquo; has the meaning set forth
in the definition of &ldquo;Refinancing Indebtedness.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Other
Secured Debt&rdquo; means Indebtedness of the Company or any other U.S. Loan Party that is secured by a Lien permitted by Section&nbsp;6.02(i)(i)&nbsp;or
Section&nbsp;6.02(k); provided that such Liens comply with the requirements set forth in the proviso to Section&nbsp;6.02(i).</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Other Taxes</U>&rdquo; means all present or future stamp,
court or documentary, intangible, recording, filing or similar Taxes that arise from any payment made under any Loan Document or from
the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or
otherwise with respect to, any Loan Document, excluding any such Taxes imposed with respect to an assignment by a Lender (other than an
assignment made pursuant to Section&nbsp;2.19) if such Tax is imposed as a result of a present or former connection between the assignor
or assignee and the jurisdiction imposing such Tax (other than connections arising from such assignor or assignee having executed, delivered,
become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged
in any other transaction pursuant to or enforced any Loan Document, and/or sold or assigned an interest in any Loan Document).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Overadvance</U>&rdquo; means a U.S. Overadvance, a Canadian
Overadvance, a European Overadvance, a French Overadvance or a Hong Kong Overadvance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Overadvance Exposure</U>&rdquo; means, at any time, the sum
of the Canadian Overadvance Exposure, the European Overadvance Exposure, the French Overadvance Exposure, the Hong Kong Overadvance Exposure
and the U.S. Overadvance Exposure.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Overnight Bank Funding Rate</U>&rdquo; means, for any day,
the rate comprised of both overnight federal funds and overnight Term Benchmark borrowings denominated in Dollars by U.S.-managed banking
offices of depository institutions, as such composite rate shall be determined by the NYFRB as set forth on <FONT STYLE="color: red"><STRIKE>its
public website</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>the NYFRB&rsquo;s Website</U></FONT> from time
to time, and published on the next succeeding Business Day by the NYFRB as an overnight bank funding rate (from and after such date as
the NYFRB shall commence to publish such composite rate).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; color: red"><STRIKE>&ldquo;</STRIKE><U><STRIKE>Overnight
LIBO Rate</STRIKE></U><STRIKE>&rdquo; means, with respect to any Overnight LIBO Rate Loan on any day, a rate per annum equal to the London
interbank offered rate as administered by the ICE Benchmark Administration Limited (or any other Person that takes over the administration
of such rate) for overnight deposits of Dollars as displayed on the applicable Thomson Reuters screen page&nbsp;(LIBOR01 or LIBOR02) (or,
in the event such rate does not appear on a page&nbsp;of the Thomson Reuters screen, on the appropriate page&nbsp;of such other information
service that publishes such rate as shall be selected by the Administrative Agent from time to time in its reasonable discretion) at approximately
11:00 a.m., London time, on such day; </STRIKE><U><STRIKE>provided</STRIKE></U> <STRIKE>that if the Overnight LIBO Rate shall be less
than zero, such rate shall be deemed to be zero for all purposes of this Agreement.</STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Overnight Rate</U>&rdquo;
means, for any day, (i)&nbsp;with respect to Loans denominated in Dollars, the <FONT STYLE="color: red"><STRIKE>Overnight LIBO Rate</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Adjusted
Daily Simple SOFR</U></FONT>, (ii)&nbsp;with respect to Loans denominated in Euros, the Daily Simple ESTR; and (<FONT STYLE="color: red"><STRIKE>iii</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>ii</U></FONT>)
with respect to Loans denominated in Sterling, the Daily Simple RFR for Sterling; <U>provided</U> that if an Overnight Rate shall be less
than zero, such rate shall be deemed to be zero for all purposes of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Overnight Rate Loans</U>&rdquo; means a Loan made by a Swingline
Lender which bears interest at a rate based on the Overnight Rate. Overnight Rate Loans may be denominated in Dollars, Euros or Pounds
Sterling.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Parallel Debt</U>&rdquo; has the meaning assigned to such
term in Section&nbsp;8.10(b)(i).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Parent</U>&rdquo; has the meaning assigned to it in the definition
of &ldquo;Subsidiary.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Participant Register</U>&rdquo; has the meaning set forth
in Section&nbsp;9.04(c)(ii).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Participants</U>&rdquo; has the meaning set forth in Section&nbsp;9.04(c)(i).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Participating Member State</U>&rdquo; means any member state
of the European Union that has the Euro as its lawful currency in accordance with legislation of the European Union relating to Economic
and Monetary Union.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Patriot Act</U>&rdquo; means the Uniting and Strengthening
America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Title III of Pub. L. No.&nbsp;107-56
(Signed into law October&nbsp;26, 2001)).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Paying Canadian Loan Party</U>&rdquo; has the meaning set
forth in Section&nbsp;11.09.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Paying French Loan Party</U>&rdquo; has the meaning set forth
in Section&nbsp;12.10.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Paying German Loan Party</U>&rdquo; has the meaning set forth
in Section&nbsp;13.09.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Paying Hong Kong Loan Party</U>&rdquo; has the meaning set
forth in Section&nbsp;14.09.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Paying Swiss Loan Party</U>&rdquo; has the meaning set forth
in Section&nbsp;15.09.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Paying UK Loan Party</U>&rdquo; has the meaning set forth
in Section&nbsp;16.09.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Paying U.S. Loan Party</U>&rdquo; has the meaning set forth
in Section&nbsp;10.10.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Payment&rdquo;
has the meaning set forth in Section&nbsp;8.05(d)(i).</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Payment Conditions</U>&rdquo; means, at the time of determination
with respect to a specified transaction or payment, that (a)&nbsp;no Default or Event of Default then exists or would arise as a result
of the entering into of such transaction or the making of such payment, and (b)&nbsp;on a Pro Forma Basis after giving effect to such
transaction or payment and any incurrence or repayment of Indebtedness in connection therewith:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(i) &#8239;&#8239;&#8239;&#8239;&#8239;in
the case of any Restricted Payment or payments of Specified Indebtedness, either (A)&nbsp;both (I)&nbsp;Availability on a Pro Forma Basis
on such date and as projected by the Borrower Representative in good faith for the subsequent twelve months is equal to or greater than
the greater of (x)&nbsp;$<FONT STYLE="color: red"><STRIKE>40,000,000</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>36,000,000</U></FONT>
and (y)&nbsp;20% of the Line Cap and (II)&nbsp;the Fixed Charge Coverage Ratio for the most recently ended four Fiscal Quarter period
for which financial statements have been delivered to the Administrative Agent pursuant to Section&nbsp;5.01(a)&nbsp;or (b)&nbsp;is at
least 1.0 to 1.0 or (B)&nbsp;Availability on a Pro Forma Basis on such date and as projected by the Borrower Representative in good faith
for the subsequent twelve months is equal to or greater than the greater of (x)&nbsp;$<FONT STYLE="color: red"><STRIKE>50,000,000</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>45,500,000</U></FONT>
and (y)&nbsp;25% of the Line Cap; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(ii) &#8239;&#8239;&#8239;&#8239;in
all other cases, either (A)&nbsp;both (I)&nbsp;Availability on a Pro Forma Basis on such date and as projected by the Borrower Representative
in good faith for the subsequent twelve months is equal to or greater than the greater of (x)&nbsp;$<FONT STYLE="color: red"><STRIKE>30,000,000</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>27,000,000</U></FONT>
and (y)&nbsp;15% of the Line Cap and (II)&nbsp;the Fixed Charge Coverage Ratio for the most recently ended four Fiscal Quarter period
for which financial statements have been delivered to the Administrative Agent pursuant to Section&nbsp;5.01(a)&nbsp;or (b)&nbsp;is at
least 1.0 to 1.0 or (B)&nbsp;Availability on a Pro Forma Basis on such date and as projected by the Borrower Representative in good faith
for the subsequent twelve months is equal to or greater than the greater of (x)&nbsp;$<FONT STYLE="color: red"><STRIKE>40,000,000</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>36,000,000</U></FONT>
and (y)&nbsp;20% of the Line Cap;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>provided</U> that, in each case, the Company shall have delivered
to the Administrative Agent a reasonably detailed calculation of such Availability and, if applicable, the Fixed Charge Coverage Ratio<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>;
provided, further, that for purposes of determining compliance with the Payment Conditions, the calculation of Availability shall not
include the Seasonal Overadvance Amount</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Payment Intangibles</U>&rdquo; has the meaning set forth
in the U.S. Security Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Payment
Notice&rdquo; has the meaning set forth in Section&nbsp;8.05(d)(ii).</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Payment
Recipient&rdquo; has the meaning set forth in Section&nbsp;8.05(d)(i).</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>PBGC</U>&rdquo; means the Pension Benefit Guaranty Corporation
referred to and defined in ERISA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Perfection Certificate</U>&rdquo; means a certificate in
the form of <U>Exhibit&nbsp;K</U> or any other form approved by the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Permitted Acquisition</U>&rdquo; means the purchase or other
acquisition by the Company or any Restricted Subsidiary of Equity Interests in, or all or substantially all the assets of (or all or substantially
all the assets constituting a business unit, division, product line or line of business of), any Person if (a)&nbsp;in the case of any
purchase or other acquisition of Equity Interests in a Person, such Person will be, upon the consummation of such acquisition a Restricted
Subsidiary, in each case including as a result of a merger, amalgamation or consolidation between any Subsidiary and such Person, or (b)&nbsp;in
the case of any purchase or other acquisition of other assets, such assets will be owned by the Company or a Restricted Subsidiary; <U>provided</U>
that (i)&nbsp;no Event of Default exists at the date the agreement relating to such Permitted Acquisition is entered into, (ii)&nbsp;the
Payment Conditions are satisfied and (iii)&nbsp;the Company shall promptly deliver information relating to such Permitted Acquisition
as the Administrative Agent may reasonably request.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Permitted Debt</U>&rdquo; means Indebtedness of the U.S.
Loan Parties (including any Guarantee thereof by a U.S. Loan Party) so long as (i)&nbsp;no portion of the principal of such Indebtedness
has a scheduled maturity prior to the date that is 91 days after the Maturity Date at the time of issuance (determined as of the date
of incurrence thereof or, in the case of any such Indebtedness outstanding on the Effective Date, the Effective Date), (ii)&nbsp;no Subsidiary
of the Company that is not a U.S. Loan Party is an obligor in respect of such Indebtedness, <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>and
</U></FONT>(iii)&nbsp;<FONT STYLE="color: red"><STRIKE>the terms and conditions of such Indebtedness (other than interest rates, fees
and call protection) are not, taken as a whole, more restrictive than the terms of the Term Credit Agreement (as determined in good faith
by the Company) and (iv)&nbsp;</STRIKE></FONT>that to the extent secured, the Liens securing such Indebtedness must be secured on U.S.
Collateral only and shall rank junior to the Liens securing the <FONT STYLE="color: red"><STRIKE>obligations under the Term Credit Agreement
and the </STRIKE></FONT>Secured Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Permitted Discretion</U>&rdquo; means a determination made
in good faith and in the exercise of reasonable (from the perspective of a secured asset-based lender) business judgment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Permitted Encumbrances</U>&rdquo; means:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(a) &#8239;&#8239;&#8239;Liens
imposed by law for Taxes that are not yet delinquent or (i)&nbsp;the validity or amount thereof is being contested in good faith by appropriate
proceedings, (ii)&nbsp;the Company or such Restricted Subsidiary has set aside on its books reserves with respect thereto to the extent
required by GAAP and (iii)&nbsp;such contest effectively suspends collection of the contested obligation and the enforcement of any Lien
securing such obligation;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(b) &#8239;&#8239;&#8239;carriers&rsquo;,
warehousemen&rsquo;s, mechanics&rsquo;, materialmen&rsquo;s, repairmen&rsquo;s and other like Liens imposed by law (other than any Lien
imposed pursuant to Section&nbsp;430(k)&nbsp;of the Code or Section&nbsp;303(k)&nbsp;of ERISA or a violation of Section&nbsp;436 of the
Code), arising in the ordinary course of business and securing obligations that are not overdue by more than 30 days or are being contested
in compliance with Section&nbsp;5.06;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(c) &#8239;&#8239;&#8239;pledges
and deposits made (i)&nbsp;in the ordinary course of business in compliance with workers&rsquo; compensation, unemployment insurance and
other social security laws or regulations and (ii)&nbsp;in respect of letters of credit, bank guarantees or similar instruments issued
for the account of the Company or any Subsidiary in the ordinary course of business supporting obligations of the type set forth in clause
(i)&nbsp;above;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(d) &#8239;&#8239;&#8239;pledges
and deposits made to secure the performance of bids, trade contracts (other than Indebtedness for borrowed money), leases (other than
Capital Lease Obligations), statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature,
in each case in the ordinary course of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(e) &#8239;&#8239;&#8239;judgment
liens in respect of judgments that do not constitute an Event of Default under clause (l)&nbsp;of Article&nbsp;VII;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(f) &#8239;&#8239;&#8239;&#8239;easements,
zoning restrictions, rights-of-way, site plan agreements, development agreements, operating agreements, cross-easement agreements, reciprocal
easement agreements and similar encumbrances and exceptions to title on real property that do not secure any monetary obligations and
do not materially detract from the value of the affected property or materially interfere with the ordinary conduct of business of the
Company or any Subsidiary or the ordinary operation of such real property;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(g) &#8239;&#8239;&#8239;customary
rights of setoff upon deposits of cash in favor of banks and other depository institutions and Liens of a collecting bank arising under
the UCC or PPSA in respect of payment items in the course of collection;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(h) &#8239;&#8239;&#8239;Liens
arising from precautionary UCC or PPSA financing statement filings (or similar filings under applicable law) regarding operating leases
or consignments;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(i) &#8239;&#8239;&#8239;&#8239;Liens
representing any interest or title of a licensor, lessor or sublicensor or sublessor, or a licensee, lessee or sublicensee or sublessee,
in the property subject to any lease (other than Capital Lease Obligations), license or sublicense or concession agreement permitted by
this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(j) &#8239;&#8239;&#8239;&#8239;Liens
arising in the ordinary course of business in favor of custom and forwarding agents and similar Persons in respect of imported goods and
merchandise in the custody of such Persons;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(k) &#8239;&#8239;&#8239;Liens
in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in connection with the importation
of goods;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(l) &#8239;&#8239;&#8239;&#8239;the
reservations, limitations, provisos and conditions, if any, expressed in any original grant from the Crown in right of Canada or any province
thereof of any real property or any interest therein or in any comparable grant in jurisdictions other than Canada, <U>provided</U> they
do not materially detract from the value of such property or impair the use thereof in the ordinary conduct of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(m)&#8239;&#8239;&#8239;Liens
or rights of setoff against credit balances of the Company or any Subsidiary with credit card issuers, credit card processors or merchant
service providers for mobile or digitized payment methods to secure obligations of the Company or such Subsidiary, as the case may be,
to any such credit card issuer, credit card processor, or merchant service provider incurred in the ordinary course of business as a result
of fees, charges, expenses and chargebacks;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(n) &#8239;&#8239;&#8239;(i)&nbsp;contractual
or statutory Liens of landlords to the extent relating to the property and assets relating to any lease agreements with such landlord,
and (ii)&nbsp;contractual Liens of suppliers (including sellers of goods) or customers granted in the ordinary course of business to the
extent limited to the property or assets relating to such contract;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(o) &#8239;&#8239;&#8239;any
interest or title of an owner of equipment or inventory on loan or consignment, or in connection with any conditional sale, title retention
or similar arrangement for the sale of goods to any Borrower or any other Loan Party, in each case in the ordinary course of business
of the Company and its Subsidiaries, and Liens arising from precautionary UCC financing statement filings related thereto;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(p) &#8239;&#8239;&#8239;Liens
arising from the deposit of funds or evidences of Indebtedness in trust for the purpose of defeasing or discharging Indebtedness issued
pursuant to an indenture, but only if such defeasing or discharging of Indebtedness is not prohibited under this Agreement; <U>provided</U>
that such Lien covers proceeds in an aggregate amount necessary solely to defease or discharge the principal, interest, premium, if any,
and, if required by the terms of the relevant indenture, fees, costs and expenses due in connection with the defeasance of such Indebtedness;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(q) &#8239;&#8239;&#8239;real
property title defects or irregularities which are of a minor nature and which do not materially detract from the value of the real property
or impair the use thereof in the ordinary conduct of business; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(r) &#8239;&#8239;&#8239;&#8239;other
Liens that are contractual rights of setoff;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>provided</U> that the term &ldquo;Permitted Encumbrances&rdquo;
shall not include any Lien securing Indebtedness, other than Liens referred to in clause (c)&nbsp;above securing letters of credit, bank
guarantees or similar instruments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Permitted Liens</U>&rdquo; has the meaning set forth in Section&nbsp;6.02.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Permitted Transaction</U>&rdquo; means (x)&nbsp;the merger
of one or more French Guarantors with and into a French Borrower, with such French Borrower as the surviving entity and/or (y)&nbsp;the
merger of a French Borrower with and into a parent company of such French Borrower (which such parent company (i)&nbsp;has been identified
by the Company to the Administrative Agent in writing prior to the Effective Date and (ii)&nbsp;is a Restricted Subsidiary immediately
prior to giving effect to such merger), with the parent company as the surviving entity (the survivor of any such merger referred to clauses
(x)&nbsp;and (y), the &ldquo;<U>French Surviving Borrower</U>&rdquo;); <U>provided</U> that: (1)&nbsp;the French Surviving Borrower shall
expressly assume all the obligations of such French Borrower under this Agreement and the other Loan Documents in a manner and pursuant
to documentation reasonably satisfactory to the Administrative Agent (including execution and delivery of amendments to or additional
French Security Agreements to the extent reasonably requested by the Administrative Agent); (2)&nbsp;solely in the case of clause (y),
the Administrative Agent shall have received the results of an appraisal and a field examination with respect to the French Surviving
Borrower and its Subsidiaries (at the sole cost and expense of the Loan Parties) from an appraiser and an examiner reasonably satisfactory
to the Administrative Agent; (3)&nbsp;the French Surviving Borrower shall have delivered to the Administrative Agent a certificate of
a Responsible Officer of the French Surviving Borrower stating that such merger, amalgamation, or consolidation complies with the applicable
requirements set forth in this definition and (4)&nbsp;the Administrative Agent shall have received at least five Business Days&rsquo;
prior written notice of the proposed transaction (or such shorter period of time as agreed by the Administrative Agent in its reasonable
discretion) and the Company shall promptly and in any event at least two Business Days prior to the consummation of any such merger provide
all information any Lender or the Administrative Agent may reasonably request to satisfy its &ldquo;know your customer&rdquo; and other
similar requirements necessary for such Person to comply with its internal compliance and regulatory requirements with respect to the
proposed French Surviving Borrower (it being understood that if the foregoing are satisfied, the French Surviving Borrower will succeed
to, and be substituted for, such French Borrower under this Agreement).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Person</U>&rdquo; means any natural person, corporation,
limited liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Plan</U>&rdquo; means any &ldquo;employee pension benefit
plan,&rdquo; as defined in Section&nbsp;3(2)&nbsp;of ERISA (other than a Multiemployer Plan), that is subject to the provisions of Title
IV of ERISA or Section&nbsp;412 of the Code or Section&nbsp;302 of ERISA, and in respect of which any Loan Party or any ERISA Affiliate
is (or, if such plan were terminated, would under Section&nbsp;4069 of ERISA be deemed to be) an &ldquo;employer&rdquo; as defined in
Section&nbsp;3(5)&nbsp;of ERISA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Plan Asset Regulations</U>&rdquo; means 29 CFR &sect; 2510.3-101,
as modified by Section&nbsp;3(42) of ERISA, as amended from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Pounds Sterling</U>&rdquo; or &ldquo;<U>&pound;</U>&rdquo;
means the lawful currency of the United Kingdom.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>PPSA</U>&rdquo; means the Personal Property Security Act
(Ontario), including the regulations thereto, <U>provided</U> that if perfection or the effect of perfection or non-perfection or the
priority of any Lien created hereunder or under any other Loan Document on the Collateral is governed by the personal property security
legislation or other applicable legislation with respect to personal property security in effect in a jurisdiction in Canada other than
the Province of Ontario, &ldquo;PPSA&rdquo; means the Personal Property Security Act or such other applicable legislation (including the
Civil Code (Quebec)) in effect from time to time in such other jurisdiction in Canada for purposes of the provisions hereof relating to
such perfection, effect of perfection or non-perfection or priority.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Primary Concentration Accounts</U>&rdquo; means a Deposit
Account maintained with the Administrative Agent in each of the United States and Canada subject to a Control Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Primary Obligor</U>&rdquo; has the meaning set forth in the
definition of &ldquo;Guarantee.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Prime Rate</U>&rdquo; means the rate of interest last quoted
by <I>The Wall Street Journal</I> as the &ldquo;Prime Rate&rdquo; in the U.S. or, if <I>The Wall Street Journal</I> ceases to quote such
rate, the highest per annum interest rate published by the Federal Reserve Board in Federal Reserve Statistical Release H.15 (519) (Selected
Interest Rates) as the &ldquo;bank prime loan&rdquo; rate or, if such rate is no longer quoted therein, any similar rate quoted therein
(as determined by the Administrative Agent) or any similar release by the Federal Reserve Board (as determined by the Administrative Agent).
Each change in the Prime Rate shall be effective from and including the date such change is publicly announced or quoted as being effective.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Prior Claims</U>&rdquo; means (a)&nbsp;all liabilities and
obligations of any Canadian Loan Party secured by any Liens, choate or inchoate, which rank or are capable of ranking in priority to the
Liens granted to the Administrative Agent to secure the Canadian Secured Obligations, including in the Permitted Discretion of the Administrative
Agent, (i)&nbsp;any such amounts due and not paid for wages, or vacation pay, amounts due and not paid under any legislation relating
to workers&rsquo; compensation or to employment insurance, all amounts deducted or withheld and not paid and remitted when due with respect
to Taxes including amounts currently or past due and not paid for realty, municipal or similar taxes (to the extent impacting personal
or moveable property); and (ii)&nbsp;all amounts currently or past due and not yet contributed, remitted or paid to or under any Canadian
Pension Plan or under the <I>Canada Pension Plan</I>, the <I>Quebec Pension Plan</I>, the <I>Pension Benefits Act</I> (Ontario) or any
similar legislation; and (b)&nbsp;with respect to any German Borrower, any reserve for amounts secured by any liens or other security
interests whatsoever, choate or inchoate, which rank or are capable of ranking in priority to the liens granted to the Administrative
Agent to secure or for other claims and/or deductions for the German Secured Obligations, including without limitation, in the reasonable
credit judgment of the Administrative Agent, any such amounts due and not paid for wages, or vacation pay, severance pay, employee deductions,
income tax, insolvency costs, amounts due and not paid under any legislation relating to workers&rsquo; compensation or to employment
insurance amounts currently or past due and not paid for realty, municipal or similar taxes (to the extent impacting personal or movable
property), sales tax and pension obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Priority Payables Reserve</U>&rdquo; means reserves for Prior
Claims or other amounts which rank or are capable of ranking in priority to the Liens granted to the Administrative Agent to secure the
Secured Obligations, including without limitation, in the Permitted Discretion of the Administrative Agent, any such amounts due and not
paid for wages, vacation pay, severance pay, employee deductions, income tax, amounts due and not paid under any legislation relating
to workers&rsquo; compensation or to employment insurance, amounts currently or past due and not paid for Taxes and pension obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Pro Forma Basis</U>&rdquo; means, with respect to any computation
hereunder required to be made on a pro forma basis giving effect to any proposed Investment or other acquisition (including any Permitted
Acquisition or any Material Acquisition), any Material Disposition, any Restricted Payment or any payment of or in respect of any Indebtedness
(collectively, &ldquo;<U>Pro Forma Events</U>&rdquo;), computation thereof after giving pro forma effect to adjustments in connection
with such Pro Forma Event that are either (i)&nbsp;in accordance with Regulation S-X under the Securities Act or (ii)&nbsp;set forth in
a certificate of a Financial Officer of the Company delivered to the Administrative Agent and believed in good faith by the Company to
be probable based on actions take or to be taken within 12 months following the consummation of the relevant Pro Forma Event; <U>provided</U>
that the aggregate amount of any increase in Consolidated EBITDA resulting from adjustments pursuant to this clause (ii)&nbsp;for any
four Fiscal Quarter period of the Company shall not exceed 10% of Consolidated EBITDA for such period (prior to giving effect to any increase
pursuant to this clause (ii)), in each case, using, for purposes of making such computation, the consolidated financial statements of
the Company and the Restricted Subsidiaries (and, to the extent applicable, the historical financial statements of any entities or assets
so acquired or to be acquired, or so Disposed or to be Disposed), which shall be reformulated as if such Pro Forma Event (and, in the
case of any pro forma computations made hereunder to determine whether such Pro Forma Event is permitted to be consummated hereunder,
to any other Pro Forma Event consummated since the first day of the period covered by any component of such pro forma computation and
on or prior to the date of such computation), and any Indebtedness or other liabilities incurred in connection with any such Pro Forma
Event, had been consummated and incurred at the beginning of such period. If any Indebtedness bears a floating rate of interest and is
being given pro forma effect, the interest on such Indebtedness shall be calculated as if the rate in effect on the date of determination
had been the applicable rate for the entire period (taking into account any Swap Agreement applicable to such Indebtedness if such Swap
Agreement has a remaining term in excess of 12 months).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Pro Forma Events</U>&rdquo; has the meaning set forth in
the definition of &ldquo;Pro Forma Basis.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Protective Advance</U>&rdquo; means a U.S. Protective Advance,
a Canadian Protective Advance, a European Protective Advance, a French Protective Advance or a Hong Kong Protective Advance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Protective Advance Exposure</U>&rdquo; means, at any time,
the sum of the Canadian Protective Advance Exposure, the U.S. Protective Advance Exposure, the European Protective Advance Exposure, the
French Protective Advance Exposure and the Hong Kong Protective Advance Exposure.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>PTE</U>&rdquo; means a prohibited transaction class exemption
issued by the U.S. Department of Labor, as any such exemption may be amended from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>QFC</U>&rdquo; has the meaning assigned to the term &ldquo;qualified
financial contract&rdquo; in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>QFC Credit Support</U>&rdquo; has the meaning assigned to
it in Section&nbsp;9.26.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Qualified Counterparties</U>&rdquo; means each Administrative
Agent, each Lender, each Affiliate of the Administrative Agent or a Lender and each Person that was a Lender or an Affiliate of a Lender
at any time that such Person provided any Banking Services or Swap Obligations to the Company or any of its <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Restricted
</U></FONT>Subsidiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Quebec Security Documents</U>&rdquo; means each deed of hypothec
executed among any Canadian Loan Party and the Administrative Agent from time to time under the laws of the Province of Quebec.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Recipient</U>&rdquo; means the Administrative Agent, any
Lender, any Issuing Bank or any other recipient of any payment to be made by or on account of any obligation of any Loan Party hereunder
or under any other Loan Document.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Reduced Availability Period</U>&rdquo; means any period (a)&nbsp;commencing
at any time when Availability shall be less than the greater of (i)&nbsp;12.5% of the Line Cap and (ii)&nbsp;$<FONT STYLE="color: red"><STRIKE>25,000,000</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>23,000,000</U></FONT>
for five consecutive Business Days and (b)&nbsp;ending when Availability shall have been greater than the greater of (i)&nbsp;12.5% of
the Line Cap then in effect and (ii)&nbsp;$<FONT STYLE="color: red"><STRIKE>25,000,000</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>23,000,000</U></FONT>
for a period of 30 consecutive days.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Reference
Time&rdquo; with respect to any setting of the then-current Benchmark means (1)&nbsp;if such Benchmark is the Term SOFR Rate, 5:00 a.m.&nbsp;(Chicago
time) on the day that is two U.S. Government Securities Business Days preceding the date of such setting, (2)&nbsp;if such Benchmark is
EURIBOR Rate, 11:00 a.m.&nbsp;Brussels time two TARGET Days preceding the date of such setting, (3)&nbsp;if the RFR for such Benchmark
is SONIA, then four Business Days prior to such setting, (4)&nbsp;if the RFR for such Benchmark is Daily Simple SOFR, then four Business
Days prior to such setting or (5)&nbsp;if such Benchmark is none of the Term SOFR Rate, the EURIBOR Rate, SONIA or Daily Simple SOFR,
the time determined by the Administrative Agent in its reasonable discretion.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Refinancing</U>&rdquo; means the repayment in full of all
principal, premium, if any, interest, fees and other amounts due or outstanding under the Existing Credit Agreement, the termination of
the commitments and letters of credit outstanding thereunder and the discharge and release of the guarantees and liens existing in connection
therewith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Refinancing Indebtedness</U>&rdquo; means, in respect of
any Indebtedness (the &ldquo;<U>Original Indebtedness</U>&rdquo;), any Indebtedness that extends, renews or refinances such Original Indebtedness
(or any Refinancing Indebtedness in respect thereof); <U>provided</U> that (a)&nbsp;the principal amount of such Refinancing Indebtedness
shall not exceed the principal amount of such Original Indebtedness except by an amount no greater than accrued and unpaid interest with
respect to such Original Indebtedness; (b)&nbsp;the stated final maturity of such Refinancing Indebtedness shall not be earlier than that
of such Original Indebtedness; (c)&nbsp;such Refinancing Indebtedness shall not constitute an obligation (including pursuant to a Guarantee)
of any Subsidiary that shall not have been (or, in the case of after-acquired Subsidiaries, shall not have been required to become pursuant
to the terms of the Original Indebtedness) an obligor in respect of such Original Indebtedness and shall constitute an obligation of such
Subsidiary only to the extent of their obligations in respect of such Original Indebtedness; and (d)&nbsp;such Refinancing Indebtedness
shall not be secured by any Lien on any asset other than the assets that secured such Original Indebtedness (or would have been required
to secure such Original Indebtedness pursuant to the terms thereof).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Register</U>&rdquo; has the meaning set forth in Section&nbsp;9.04(b)(v).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Regulation</U>&rdquo; has the meaning set forth in Section&nbsp;3.23<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(a)</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Related Parties</U>&rdquo; means, with respect to any specified
Person, such Person&rsquo;s Affiliates and the directors, officers, partners, members, trustees, employees, agents, administrators, managers,
representatives and advisors of such Person and of such Person&rsquo;s Affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Release</U>&rdquo; means any release, spill, emission, leaking,
dumping, injection, pouring, deposit, disposal, discharge, dispersal, leaching or migration into or through the environment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Relevant
Governmental Body&rdquo; means (i)&nbsp;with respect to a Benchmark Replacement in respect of Loans denominated in Dollars, the Federal
Reserve Board and/or the NYFRB, or a committee officially endorsed or convened by the Federal Reserve Board and/or the NYFRB or, in each
case, any successor thereto, (ii)&nbsp;with respect to a Benchmark Replacement in respect of Loans denominated in Sterling, the Bank of
England, or a committee officially endorsed or convened by the Bank of England or, in each case, any successor thereto, (iii)&nbsp;with
respect to a Benchmark Replacement in respect of Loans denominated in Euros, the European Central Bank, or a committee officially endorsed
or convened by the European Central Bank or, in each case, any successor thereto, and (iv)&nbsp;with respect to a Benchmark Replacement
in respect of Loans denominated in any other currency, (a)&nbsp;the central bank for the currency in which such Benchmark Replacement
is denominated or any central bank or other supervisor which is responsible for supervising either (1)&nbsp;such Benchmark Replacement
or (2)&nbsp;the administrator of such Benchmark Replacement or (b)&nbsp;any working group or committee officially endorsed or convened
by (1)&nbsp;the central bank for the currency in which such Benchmark Replacement is denominated, (2)&nbsp;any central bank or other supervisor
that is responsible for supervising either (A)&nbsp;such Benchmark Replacement or (B)&nbsp;the administrator of such Benchmark Replacement,
(3)&nbsp;a group of those central banks or other supervisors or (4)&nbsp;the Financial Stability Board or any part thereof.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Relevant
Rate&rdquo; means (i)&nbsp;with respect to any Term Benchmark Borrowing denominated in Dollars, the Adjusted Term SOFR Rate, (ii)&nbsp;with
respect to any Term Benchmark Borrowing denominated in Euros, the Adjusted EURIBOR Rate, (iii)&nbsp;with respect to any Term Benchmark
Borrowing denominated in Canadian Dollars, the CDOR Rate, (iv)&nbsp;with respect to any Term Benchmark Borrowing denominated in Hong Kong
Dollars, the HIBOR Rate, (v)&nbsp;with respect to any Borrowing denominated in Sterling or Dollars, the applicable Daily Simple RFR, (vi)&nbsp;with
respect to any Overnight Rate Loan denominated in Euros, the Daily Simple ESTR, (vii)&nbsp;with respect to any Overnight Rate Loan denominated
in Sterling, the Daily Simple RFR for Sterling or (viii)&nbsp;with respect to any Overnight Rate Loan denominated in Dollars, Adjusted
Daily Simple SOFR, as applicable.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Relevant
Screen Rate&rdquo; means (i)&nbsp;with respect to any Term Benchmark Borrowing denominated in Dollars, the Term SOFR Reference Rate, (ii)&nbsp;with
respect to any Term Benchmark Borrowing denominated in Euros, the EURIBOR Screen Rate, (iii)&nbsp;with respect to any Term Benchmark Borrowing
denominated in Canadian Dollars, the CDOR Screen Rate or (iv)&nbsp;with respect to any Term Benchmark Borrowing denominated in Hong Kong
Dollars, the HIBOR Screen Rate.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Rent Reserve</U>&rdquo; means, with respect to any leased
store, warehouse distribution center, regional distribution center or depot where any Inventory subject to Liens arising by operation
of law is located, a reserve equal to (a)&nbsp;in respect of any store, warehouse distribution center, regional distribution center or
depot not located in Germany three months&rsquo; rent at such store, warehouse distribution center, regional distribution center or depot,
and (b)&nbsp;in the case of any store, warehouse distribution center, regional distribution center or depot located in Germany, rent for
periods subsequent to the current and the following year of the lease less any existing security for such rent at such store, warehouse
distribution center, regional distribution center or depot.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Report</U>&rdquo; means reports prepared by the Administrative
Agent or another Person showing the results of appraisals, field examinations or audits pertaining to the Loan Parties&rsquo; assets from
information furnished by or on behalf of the Loan Parties, after the Administrative Agent has exercised its rights of inspection pursuant
to this Agreement, which Reports may be distributed to the Lenders by the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Required Lenders</U>&rdquo; means, at any time, Lenders having
Credit Exposure and unused Revolving Commitments representing more than 50% of the sum of the total Credit Exposure and unused Revolving
Commitments at such time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Requirement of Law</U>&rdquo; means, with respect to any
Person, collectively, the common law and all federal, state, provincial, local, foreign, multinational or international laws, statutes,
codes, treaties, rules&nbsp;and regulations, binding guidelines, ordinances, orders, judgments, writs, injunctions, decrees (including
administrative or judicial precedents or authorities) and the binding determinations of, any Governmental Authority, in each case that
are applicable to and binding upon such Person or any of its property or to which such Person or any of its property is subject.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Reserves</U>&rdquo; means, without duplication of any other
Reserves or items that are otherwise addressed through eligibility criteria, any and all reserves which the Administrative Agent deems
necessary, in its Permitted Discretion, to maintain (including, without limitation, reserves for accrued and unpaid interest on the Secured
Obligations, Rent Reserves, Banking Services Reserves and reserves for loyalty programs, reserves for consignee&rsquo;s, warehousemen&rsquo;s,
mortgagee&rsquo;s and bailee&rsquo;s charges, reserves for dilution of Accounts, layaway deposits reserves for Inventory shrinkage, reserves
for customs charges and shipping charges and other foreign landing costs related to any Inventory in transit, reserves for fees payable
to an insolvency administrator pursuant to section 171 of the German Insolvency Code (or relevant successor provisions), reserves for
Swap Obligations, reserves for contingent liabilities of any Loan Party, reserves for uninsured losses of any Loan Party, reserves for
uninsured, underinsured, unindemnified or underindemnified liabilities or potential liabilities with respect to any litigation and reserves
for taxes, fees, assessments, and other governmental charges and Priority Payables Reserves, reserves for VAT and other Taxes of a UK
Loan Party which rank senior to the Liens on the Collateral securing the Obligations, reserves for the prescribed part of a UK Loan Party&rsquo;s
net property that would be made available for the satisfaction of its unsecured liabilities pursuant to Section&nbsp;176A of the United
Kingdom&rsquo;s Insolvency Act 1986, as amended, reserves with respect to liabilities of a UK Loan Party which constitute preferential
debts pursuant to Sections 175, 176ZA or 386 of the United Kingdom&rsquo;s Insolvency Act 1986, as amended, and reserves for extended
or extendible retention of title over Accounts) with respect to the Collateral or any Loan Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Resolution
Authority&rdquo; means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Responsible Officer</U>&rdquo; means, with respect to any
Person, its chief financial officer, chief executive officer, president, executive vice president, chief accounting officer or any vice
president, managing director (which shall include any <I>Gesch&auml;ftsf&uuml;hrer</I>), director, company secretary, treasurer, assistant
treasurer, controller or other officer of such Person having substantially the same authority and responsibility and, solely for purposes
of notices given to Article&nbsp;II, any other officer or employee of the applicable Loan Party so designated by any of the foregoing
officers in a notice to the Administrative Agent or any other officer or employee of the applicable Loan Party designated in or pursuant
to an agreement between the applicable Loan Party and the Administrative Agent; <U>provided</U> that, with respect to compliance with
financial covenants, &ldquo;Responsible Officer&rdquo; shall mean a Financial Officer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Restricted Obligations</U>&rdquo; has the meaning set forth
in Section&nbsp;15.11(a)(i).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Restricted Payment</U>&rdquo; means any dividend or other
distribution (whether in cash, securities or other property) with respect to any Equity Interests in the Company or any Restricted Subsidiary,
or any payment or distribution (whether in cash, securities or other property), including any sinking fund or similar deposit, on account
of the purchase, redemption, retirement, acquisition, exchange, conversion, cancellation or termination of any Equity Interests in the
Company or any Restricted Subsidiary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Restricted Subsidiary</U>&rdquo; means any Subsidiary of
the Company other than an Unrestricted Subsidiary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Retained
Regulation&rdquo; means the Regulation as it applies under English law, taking into account: (i)&nbsp;its having become part of English
domestic law on and after 11:00 p.m.&nbsp;(UK time) on 31 December&nbsp;2020 (&ldquo;IP completion day&rdquo;) pursuant to the European
Union (Withdrawal) Act 2018 (&ldquo;EUWA&rdquo;); and (ii)&nbsp;any modifications to it that have taken effect on or after IP completion
day pursuant to the EUWA or otherwise under English law (but not, for the avoidance of doubt, any modifications to it that have taken
effect on or after IP completion day under European Union law).</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Reuters</U>&rdquo; has the meaning assigned to it in the
definition of &ldquo;Dollar Equivalent.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Revolving Borrowing</U>&rdquo; means a Borrowing of Revolving
Loans under the U.S. Facility, the Canadian Facility, the European Facility, the French Facility and/or the Hong Kong Facility.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Revolving Commitment</U>&rdquo; means, with respect to each
Lender, individually and collectively as the context may require, the U.S. Commitment, the Canadian Commitment, the French Commitment,
the European Commitment and the Hong Kong Commitment of such Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Revolving Exposure</U>&rdquo; means the U.S. Revolving Exposure,
the Canadian Revolving Exposure, the French Revolving Exposure, the Hong Kong Revolving Exposure and the European Revolving Exposure.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Revolving Exposure Limitations</U>&rdquo; has the meaning
set forth in Section&nbsp;2.01.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Revolving Lender</U>&rdquo; means a U.S. Revolving Lender,
a Canadian Revolving Lender, a French Revolving Lender, a European Revolving Lender and a Hong Kong Revolving Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Revolving Loan</U>&rdquo; means a Loan made pursuant to Sections
2.01 and 2.02(a).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>RFR</U>&rdquo; means, for any RFR Loan denominated in <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(a)&nbsp;</U></FONT>Pounds
Sterling, SONIA<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>, and (b)&nbsp;Dollars, Daily Simple SOFR</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>RFR Borrowing</U>&rdquo; means, as to any Borrowing, the
RFR Loans comprising such Borrowing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>RFR Interest Day</U>&rdquo; has the meaning specified in
the definition of &ldquo;Daily Simple RFR&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>RFR Loan</U>&rdquo; means a Loan that bears interest at a
rate based on Daily Simple RFR.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>S&amp;P</U>&rdquo; means Standard&nbsp;&amp; Poor&rsquo;s
Ratings Services, a division of The McGraw Hill Companies,&nbsp;Inc., and any successor to its rating agency business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Sale/Leaseback Transaction</U>&rdquo; means an arrangement
relating to property owned by the Company or any Restricted Subsidiary whereby the Company or such Restricted Subsidiary sells or transfers
such property to any Person and the Company or any Restricted Subsidiary leases such property, or other property that it intends to use
for substantially the same purpose or purposes as the property sold or transferred, from such Person or its Affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Sanctioned Country</U>&rdquo; means, at any time, a country,
region or territory which is itself the subject or target of any Sanctions (at the time of this Agreement, <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>the
so-called Donetsk People&rsquo;s Republic, the so-called Luhansk People&rsquo;s Republic, the </U></FONT>Crimea <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Region
of Ukraine</U></FONT>, Cuba,&nbsp;Iran, North Korea and Syria).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Sanctioned Person</U>&rdquo; means, at any time, (a)&nbsp;any
Person listed in any Sanctions-related list of designated Persons maintained by the Office of Foreign Assets Control of the U.S. Department
of the Treasury, the U.S. Department of State, or by the United Nations Security Council, the European Union or any European Union member
state, <FONT STYLE="color: red"><STRIKE>Her</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>His</U></FONT> Majesty&rsquo;s
Treasury of the United Kingdom or other relevant sanctions authority, (b)&nbsp;a Canadian Blocked Person, (c)&nbsp;any Person operating,
organized or resident in a Sanctioned Country or (d)&nbsp;any Person owned or controlled by any such Person or Persons described in the
foregoing clauses (a), (b)&nbsp;or (c)&nbsp;or (e)&nbsp;any Person otherwise the subject of any Sanctions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Sanctions</U>&rdquo; means all economic or financial sanctions
or trade embargoes imposed, administered or enforced from time to time (a)&nbsp;by the U.S. government, including those administered by
the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State, (b)&nbsp;by the United Nations
Security Council, the European Union, any European Union member state or <FONT STYLE="color: red"><STRIKE>Her</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>His</U></FONT>
Majesty&rsquo;s Treasury of the United Kingdom or other relevant sanctions authority, or (c)&nbsp;by the government of Canada pursuant
to Canadian Economic Sanctions and Export Control Laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Scheduled Maturity Date</U>&rdquo; has the meaning provided
in the definition of &ldquo;Maturity Date.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Seasonal
Overadvance Amount&rdquo; means an increase in the advance rates specified in the definition of each Borrowing Base of 5.0% (e.g., from
85.0% to 90.0%); provided that the Seasonal Overadvance Amount shall only be included in the calculation of each Borrowing Base for a
period (the &ldquo;Seasonal Overadvance Period&rdquo;) commencing with the delivery of the Borrowing Base Certificate with respect to
the second Fiscal Month of each year, through and including the end of the period relating to the latest Borrowing Base Certificate that
is delivered with respect to the fifth Fiscal Month of such year.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>SEC</U>&rdquo; means the United States Securities and Exchange
Commission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Second Currency</U>&rdquo; has the meaning set forth in Section&nbsp;9.22.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; color: red"><STRIKE>&ldquo;</STRIKE><U><STRIKE>Secured
Leverage Ratio</STRIKE></U><STRIKE>&rdquo; means, on any date, the ratio of (a)&nbsp;Total Indebtedness that is secured by a Lien as of
such date to (b)&nbsp;Consolidated EBITDA for the period of four consecutive Fiscal Quarters of the Company most recently ended on or
prior to such date.</STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Secured Obligations</U>&rdquo; means, individually and collectively
as the context may require, the U.S. Secured Obligations and the Non-U.S. Secured Obligations, including any Parallel Debt.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Securities Account</U>&rdquo; means all &ldquo;securities
accounts&rdquo; as such term is defined in the UCC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Securities Act</U>&rdquo; means the United States Securities
Act of 1933.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Security Agreement</U>&rdquo; means, individually and collectively
as the context may require, the U.S. Security Agreement, the Canadian Security Agreements, the European Security Agreements, the Hong
Kong Security Agreements and, from and after the French Effective Date, the French Security Agreements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Settlement</U>&rdquo; has the meaning set forth in Section&nbsp;2.05(b)(<FONT STYLE="color: red"><STRIKE>iii</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>ii</U></FONT>).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Settlement Date</U>&rdquo; has the meaning set forth in Section&nbsp;2.05(b)(<FONT STYLE="color: red"><STRIKE>iii</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>ii</U></FONT>).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Singapore Inventory Amount</U>&rdquo; means an amount to
be agreed among the Borrower Representative and each Lender and delivered in a written notice to the Administrative Agent (provided that,
prior to the delivery of such notice, the Singapore Inventory Amount shall be $0).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;SOFR&rdquo;
means a rate equal to the secured overnight financing rate as administered by the SOFR Administrator.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;SOFR
Administrator&rdquo; means the NYFRB (or a successor administrator of the secured overnight financing rate).</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;SOFR
Administrator&rsquo;s Website&rdquo; means the NYFRB&rsquo;s website, currently at http://www.newyorkfed.org, or any successor source
for the secured overnight financing rate identified as such by the SOFR Administrator from time to time.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;SOFR
Determination Date&rdquo; has the meaning specified in the definition of &ldquo;Daily Simple SOFR.&rdquo;</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;SOFR
Rate Day&rdquo; has the meaning specified in the definition of &ldquo;Daily Simple SOFR.&rdquo;</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>SONIA</U>&rdquo; means, with respect to any Business Day,
a rate per annum equal to the Sterling Overnight Index Average for such Business Day published by the SONIA Administrator on the SONIA
Administrator&rsquo;s Website (i)&nbsp;where SONIA is used as a component of Daily Simple RFR for use as an Overnight Rate, on such Business
Day or (ii)&nbsp;for all other purposes, on the immediately succeeding Business Day.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>SONIA Administrator</U>&rdquo; means the Bank of England
(or any successor administrator of the Sterling Overnight Index Average).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>SONIA Administrator&rsquo;s Website</U>&rdquo; means the
Bank of England&rsquo;s website, currently at http://www.bankofengland.co.uk, or any successor source for the Sterling Overnight Index
Average identified as such by the SONIA Administrator from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Specified Indebtedness</U>&rdquo; means Subordinated Indebtedness,
unsecured Indebtedness and Indebtedness secured on a junior basis to the Liens securing the Secured Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Statutory Reserve Rate</U>&rdquo; means a fraction (expressed
as a decimal), the numerator of which is the number one and the denominator of which is the number one minus the aggregate of the maximum
reserve percentage (including any marginal, special, emergency or supplemental reserves) expressed as a decimal established by the Federal
Reserve Board to which the Administrative Agent is subject with respect to the Adjusted <FONT STYLE="color: red"><STRIKE>LIBO Rate or
Adjusted </STRIKE></FONT>EURIBOR Rate<FONT STYLE="color: red"><STRIKE>, as applicable, </STRIKE></FONT> for eurocurrency funding (currently
referred to as &ldquo;Eurocurrency liabilities&rdquo; in Regulation D) or any other reserve ratio or analogous requirement of any central
banking or financial regulatory authority imposed in respect of the maintenance of the Commitments or the funding of the Loans. Such reserve
percentage shall include those imposed pursuant to Regulation D. Term Benchmark Loans <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>for
which the associated Benchmark is adjusted by reference to the Statutory Reserve Rate (per the related definition of such Benchmark) </U></FONT>shall
be deemed to constitute eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration,
exemptions or offsets that may be available from time to time to any Lender under Regulation D or any comparable regulation. The Statutory
Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve percentage.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Subordinated Indebtedness</U>&rdquo; of a Person means any
Indebtedness of such Person the payment of which is subordinated in right of payment to the payment of the Secured Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>subsidiary</U>&rdquo; means, with respect to any Person (the
 &ldquo;<U>parent</U>&rdquo;) at any date, (a)&nbsp;any Person the accounts of which would be consolidated with those of the parent in
the parent&rsquo;s consolidated financial statements if such financial statements were prepared in accordance with GAAP as of such date
and (b)&nbsp;any other Person (i)&nbsp;of which Equity Interests representing more than 50% of the equity value or more than 50% of the
ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests are, as of such date, owned,
controlled or held, or (ii)&nbsp;that is, as of such date, otherwise Controlled, by the parent or one or more subsidiaries of the parent
or by the parent and one or more subsidiaries of the parent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Subsidiary</U>&rdquo; means any direct or indirect subsidiary
of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Supported QFC</U>&rdquo; has the meaning assigned to it in
Section&nbsp;9.26.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Swap Agreement</U>&rdquo; means any agreement with respect
to any swap, forward, future or derivative transaction or option or similar agreement involving, or settled by reference to, one or more
rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic,
financial or pricing risk or value or any similar transaction or any combination of these transactions and any agreement, contract or
transaction that constitutes a &ldquo;swap&rdquo; within the meaning of Section&nbsp;1a(47) of the Commodity Exchange Act; <U>provided</U>
that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers,
employees or consultants of the Company or any Subsidiary shall be a Swap Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Swap Obligations</U>&rdquo; of a Person means any and all
obligations of such Person, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including
all renewals, extensions and modifications thereof and substitutions therefor), under (a)&nbsp;any and all Swap Agreements, and (b)&nbsp;any
and all cancellations, buy backs, reversals, terminations or assignments of any Swap Agreement transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Swingline Exposure</U>&rdquo; means, at any time, the European
Swingline Exposure and/or the French Swingline Exposure, as the context requires.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Swingline Lender</U>&rdquo; means the European Swingline
Lender and/or the French Swingline Lender, as the context requires.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Swingline Loan</U>&rdquo; means a European Swingline Loan
and/or a French Swingline Loan, as the context requires.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Swiss Borrowers</U>&rdquo; means Fossil Switzerland and each
other Swiss Subsidiary that becomes party to this Agreement as a Swiss Borrower after the Effective Date pursuant to Section&nbsp;5.03(b).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Swiss Borrowing Base</U>&rdquo; means, in relation to a Swiss
Borrower, at any time (without duplication):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(a) &#8239;&#8239;&#8239;the
lesser of (x)&nbsp;the product of (i)&nbsp;90% <I>multiplied by</I> (ii)&nbsp;the <FONT STYLE="color: red"><STRIKE>NOLV Percentage</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Net
Orderly Liquidation Value</U></FONT> of Eligible Finished Goods Inventory of that Swiss Borrower at such time and (y)&nbsp;the product
of (i)&nbsp;65% <I>multiplied by</I> (ii)&nbsp;the lower of cost or market value of Eligible Finished Goods Inventory of that Swiss Borrower,
<I>plus</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(b) &#8239;&#8239;&#8239;the
product of (i)&nbsp;85% <I>multiplied by</I> (ii)&nbsp;the Eligible Accounts of that Swiss Borrower at such time, <I>minus</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(c) &#8239;&#8239;&#8239;without
duplication, Reserves established by the Administrative Agent in its Permitted Discretion<FONT STYLE="color: red"><STRIKE>.</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>;</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>provided
that the advance rates in each of the foregoing clauses (a)&nbsp;and (b)&nbsp;above shall increase by the Seasonal Overadvance Amount
during any Seasonal Overadvance Period.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Administrative Agent may, in its Permitted Discretion and with
no less than two (2)&nbsp;Business Days&rsquo; prior written notice to the Borrower Representative (other than during a Dominion Period
in which case notice shall not be required), adjust Reserves used in computing a Swiss Borrowing Base. Subject to the immediately preceding
sentence and the other provisions hereof expressly permitting the Administrative Agent to adjust Reserves, a Swiss Borrowing Base at any
time shall be determined by reference to the most recent Borrowing Base Certificate delivered to the Administrative Agent pursuant to
Section&nbsp;5.01(h)&nbsp;(or, prior to the first such delivery, delivered to the Administrative Agent pursuant to Section&nbsp;4.01(o));
<U>provided</U> that if any Borrowing Base Certificate delivered under Section&nbsp;5.01(h)&nbsp;shall prove to have been materially inaccurate
(regardless of whether any Revolving Commitments are in effect or any amounts are outstanding hereunder when such inaccuracy is discovered),
and such inaccuracy shall have resulted in the payment of any interest or fees at rates lower than those that were in fact applicable
for any period (based on the actual Swiss Borrowing Base), the applicable Borrowers shall pay to the Administrative Agent, for distribution
to the Lenders (or former Lenders) as their interests may appear, the accrued interest or fees that should have been paid but were not
paid as a result of such inaccuracy.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Swiss Collateral</U>&rdquo; means any and all property of
any Swiss Loan Party covered by the Collateral Documents and any and all other property of any Swiss Loan Party, now existing or hereafter
acquired, that may at any time be or become subject to a security interest or Lien in favor of the Administrative Agent to secure the
Swiss Secured Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Swiss Credit Exposure</U>&rdquo; means, as to any European
Revolving Lender at any time, the sum of (a)&nbsp;such European Revolving Lender&rsquo;s Swiss Revolving Exposure <I>plus</I> (b)&nbsp;a
Dollar Equivalent equal to such Lender&rsquo;s Applicable Percentage of the aggregate amount of Swiss Overadvances and Swiss Protective
Advances outstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Swiss Federal Tax Administration</U>&rdquo; means the tax
authorities referred to in article&nbsp;34 of the Swiss Withholding Tax Act for purposes of any tax imposed pursuant to the Swiss Federal
Withholding Tax Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Swiss Guarantee</U>&rdquo; means Article&nbsp;XV of this
Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Swiss Guaranteed Obligations</U>&rdquo; has the meaning set
forth in Section&nbsp;15.01.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Swiss Guarantor</U>&rdquo; means each Swiss Borrower (solely
with respect to its Obligations arising pursuant to Section&nbsp;15.01 hereof) and each Swiss Subsidiary of a Swiss Borrower that is listed
on the signature pages&nbsp;hereto as a Swiss Guarantor or that becomes a party hereto as a Swiss Guarantor pursuant to Section&nbsp;5.03,
in each case, until such Subsidiary&rsquo;s Swiss Guarantee is released in accordance herewith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Swiss Guarantor Obligations</U>&rdquo; has the meaning set
forth in Section&nbsp;15.11(a).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Swiss Guidelines</U>&rdquo; means, together, guideline S-02.123
in relation to interbank loans of 22 September&nbsp;1986 (<I>Merkblatt &ldquo;Verrechnungssteuer auf Zinsen von Bankguthaben, deren Gl&auml;ubiger
Banken sind (Interbankguthaben)&rdquo; vom 22. September&nbsp;1986</I>), circular letter No.&nbsp;47 in relation to bonds of 25 July&nbsp;2019
(1-047-V-2019) (Kreisschreiben Nr. 47 <I>&ldquo;Obligationen&rdquo; vom 25. Juli 2019</I>), guideline S-02.130.1 in relation to money
market instruments and book claims of April&nbsp;1999 (<I>Merkblatt vom April&nbsp;1999 betreffend Geldmarktpapiere und Buchforderungen
inl&auml;ndischer Schuldner</I>), circular letter No.&nbsp;46 of 24 July&nbsp;2019 (1-046-VS-2019) in relation to syndicated credit facilities
(<I>Kreisschreiben Nr. 46 &ldquo;Steuerliche Behandlung von Konsortialdarlehen, Schuldscheindarlehen, Wechseln und Unterbeteiligungen&rdquo;
vom 24. Juli 2019</I>), circular letter No.&nbsp;34 of 26 July&nbsp;2011 (1-034-V-2011) in relation to deposits (<I>Kreisschreiben Nr.
34 &ldquo;Kundenguthaben&rdquo; vom 26. Juli 2011</I>) and the circular letter No.&nbsp;15 of 3 October&nbsp;2017 (1-015-DVS-2017) in
relation to bonds and derivative financial instruments as subject matter of taxation of Swiss federal income tax, Swiss withholding tax
and Swiss stamp taxes (<I>Kreisschreiben Nr. 15 &ldquo;Obligationen und derivative Finanzinstrumente als Gegenstand der direkten Bundessteuer,
der Verrechnungssteuer und der Stempelabgaben&rdquo; vom 3. Oktober 2017</I>), in each case as issued, amended or replaced from time to
time, by the Swiss Federal Tax Administration or as substituted or superseded and overruled by any law, statute, ordinance, court decision,
regulation or the like as in force from time to time.</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Swiss Loan Parties</U>&rdquo; means, individually and collectively
as the context may require, the Swiss Borrowers and each Swiss Guarantor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Swiss Non-Bank Rules</U>&rdquo; means the Swiss Ten Non-Bank
Rule&nbsp;and the Swiss Twenty Non-Bank Rule.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Swiss Non-Qualifying Bank</U>&rdquo; means a person or entity
other than a Swiss Qualifying Bank.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Swiss Obligated Party</U>&rdquo; has the meaning set forth
in Section&nbsp;15.02.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Swiss Obligations</U>&rdquo; means all unpaid principal of
and accrued and unpaid interest on the European Loans to the Swiss Borrowers, all accrued and unpaid fees and all expenses, reimbursements,
indemnities and other obligations of the Swiss Loan Parties to the Lenders or to any Lender, the Administrative Agent or any indemnified
party arising under the Loan Documents with respect to the European Loans to the Swiss Borrower (including interest, costs, fees, expenses
and other amounts accruing during the pendency of any case or proceeding under any Insolvency Laws, regardless of whether allowed or allowable
in such case or proceeding).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Swiss Overadvance</U>&rdquo; has the meaning set forth in
Section&nbsp;2.05(c).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Swiss Protective Advance</U>&rdquo; has the meaning set forth
in Section&nbsp;2.04(a).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Swiss Qualifying Bank</U>&rdquo; means a person or entity
that (a)&nbsp;effectively conducts banking activities with its own infrastructure and staff as its principal purpose and (b)&nbsp;has
a banking license in full force and effect issued in accordance with the banking laws in force in its jurisdiction of incorporation, or
if acting through a branch, issued in accordance with the banking laws in the jurisdiction of such branch, all in accordance with the
Swiss Guidelines.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Swiss Revolving Exposure</U>&rdquo; means, with respect to
any European Revolving Lender at any time, the sum of (a)&nbsp;the outstanding principal amount of European Revolving Loans of such European
Revolving Lender at such time <I>plus</I> (b)&nbsp;an amount equal to such European Revolving Lender&rsquo;s European Swingline Exposure
in respect of European Swingline Loans made to the Swiss Borrowers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Swiss Revolving Loan</U>&rdquo; means a Revolving Loan made
by the European Revolving Lenders to the Swiss Borrowers or U.S. Borrowers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Swiss Secured Obligations</U>&rdquo; means all Swiss Obligations
together with all (a)&nbsp;Banking Services Obligations of the Swiss Loan Parties or any other Swiss Subsidiary qualifying as a Restricted
Subsidiary and (b)&nbsp;Swap Obligations of the Swiss Loan Parties or any other Swiss Subsidiary qualifying as a Restricted Subsidiary
owing to one or more Qualified Counterparties; <U>provided</U> that Excluded Swap Obligations with respect to any Loan Party shall not
be Swiss Secured Obligations of such Loan Party<FONT STYLE="color: red"><STRIKE>;</STRIKE> <U><STRIKE>provided further</STRIKE></U> <STRIKE>that
in any event, and notwithstanding anything to the contrary in this Agreement or any other Loan Document, prior to the Swiss business day
after the date of publication printed on the issue of the Swiss Official Gazette of Commerce in which it is published that Fossil Switzerland
has amended its articles of association in accordance with Section&nbsp;5.25, the term &ldquo;Swiss Secured Obligations&rdquo; shall,
in respect of Fossil Switzerland, be read as to exclusively refer to the obligations of Fossil Switzerland and its subsidiaries.</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Swiss Security Agreements</U>&rdquo; means, collectively:
(i)&nbsp;the Swiss law bank account pledge agreement, dated as of the date hereof, among Fossil Switzerland and the Secured Parties (as
defined therein) represented by the Administrative Agent as direct representative (<I>direkter Stellvertreter</I>), (ii)&nbsp;the Swiss
law security assignment agreement dated as of the date hereof, among Fossil Switzerland and the Administrative Agent acting in its own
name but for the benefit of the Secured Parties (as defined therein), and (iii)&nbsp;any other Swiss law pledge or security agreement
entered into, after the Effective Date by any Loan Party (as required by this Agreement or any other Loan Document), as the same may be
amended, restated or otherwise modified from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Swiss Subsidiary</U>&rdquo; means any subsidiary of the Company
that has been formed or is organized under the laws of Switzerland and/or having its registered office in Switzerland and/or otherwise
qualifying as a Swiss resident pursuant to article 9 of the Swiss Withholding Tax Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Swiss Ten Non-Bank Rule</U>&rdquo; means the rule&nbsp;that
the aggregate number of creditors of a Swiss Borrower under this Agreement that are Non-Qualifying Banks must not at any time exceed ten
(10), all in accordance with the meaning of the Swiss Guidelines or legislation or explanatory notes addressing the same issues that are
in force at such time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Swiss Twenty Non-Bank Rule</U>&rdquo; means the rule&nbsp;that
the aggregate number of creditors, other than Qualifying Banks, of a Swiss Borrower under all its outstanding debts relevant for classification
as debenture (<I>Kassenobligation</I>) must not at any time exceed twenty (20), all in accordance with the meaning of the Swiss Guidelines
or legislation or explanatory notes addressing the same issues that are in force at such time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Swiss Withholding Tax</U>&rdquo; means taxes imposed under
the Swiss Withholding Tax Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Swiss Withholding Tax Act</U>&rdquo; means the Swiss Federal
Act on the Withholding Tax of 13 October&nbsp;1965 (<I>Bundesgesetz &uuml;ber die Verrechnungssteuer</I>), together with the related ordinances,
regulations and guidelines, all as amended and applicable from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Syndication
Agent&rdquo; means Wells Fargo Bank, National Association, in its capacity as syndication agent for the credit facility established hereby.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Synthetic Lease</U>&rdquo; means any synthetic lease, tax
retention operating lease, off-balance sheet loan or similar off-balance sheet financing product where such transaction is considered
borrowed money indebtedness for tax purposes but is classified as an operating lease in accordance with GAAP.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Synthetic Lease Obligations</U>&rdquo; means, as to any Person,
an amount equal to the sum, without duplication, of (a)&nbsp;the obligations of such person to pay rent or other amounts under any Synthetic
Lease which are attributable to principal and (b)&nbsp;the amount of any purchase price payment under any Synthetic Lease assuming the
lessee exercises the option to purchase the leased property at the end of the lease term. For purposes of Section&nbsp;6.02, a Synthetic
Lease Obligation shall be deemed to be secured by a Lien on the property being leased and such property shall be deemed to be owned by
the lessee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>TARGET2</U>&rdquo; means 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="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>TARGET Day</U>&rdquo; means any day on which TARGET2 (or,
if such payment system ceases to be operative, such other payment system, if any,&nbsp;determined by the Administrative Agent to be a
suitable replacement) is open for the settlement of payments in Euro.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Taxes</U>&rdquo; means all present or future taxes, levies,
imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental
Authority, including any interest, additions to tax or penalties applicable thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>TEG</U>&rdquo; has the meaning set forth in Section&nbsp;2.13(m).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>TEG Letter</U>&rdquo; has the meaning set forth in Section&nbsp;2.13(m).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Term Benchmark</U>&rdquo; when used in reference to any Loan
or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference
to the Adjusted <FONT STYLE="color: red"><STRIKE>LIBO</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term SOFR</U></FONT>
Rate, the Adjusted EURIBOR Rate, the CDOR Rate or the HIBOR Rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Term Credit Agreement</U>&rdquo; means the Term Credit Agreement
dated as of the Effective Date, among the Company, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent as
amended, restated, supplemented, modified, renewed, refunded, replaced (whether at maturity or thereafter) or refinanced from time to
time, in whole or in part, in an agreement or agreements or indenture or indentures (in each case with the same or new agents, lenders
or institutional investors), whether or not such Term Credit Agreement remains outstanding, including any agreement or agreements or indenture
or indentures adding or changing the borrower or any guarantor or extending the maturity thereof or otherwise restructuring all or any
portion of the Indebtedness thereunder or increasing the amount loaned or issued thereunder or altering the maturity thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; color: red"><STRIKE>&ldquo;</STRIKE><U><STRIKE>Term
Loans</STRIKE></U><STRIKE>&rdquo; means the &ldquo;Loans&rdquo; under the Term Credit Agreement.</STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; color: red"><STRIKE>&ldquo;</STRIKE><U><STRIKE>Term
Loan Documents</STRIKE></U><STRIKE>&rdquo; means the &ldquo;Loan Documents&rdquo; under the Term Credit Agreement.</STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; color: red"><STRIKE>&ldquo;</STRIKE><U><STRIKE>Term
Loan Obligations</STRIKE></U><STRIKE>&rdquo; means the &ldquo;Secured Obligations&rdquo; as defined in and under the Term Credit Agreement.</STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Term Priority Collateral</U>&rdquo; has the meaning set forth
in the Intercreditor Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Term
SOFR Administrator&rdquo; means CME Group Benchmark Administration Limited as administrator of the forward-looking term Secured Overnight
Financing Rate (SOFR) (or a successor administrator).</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Term
SOFR Determination Day&rdquo; has the meaning assigned to it under the definition of &ldquo;Term SOFR Reference Rate.&rdquo;</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Term
SOFR Rate&rdquo; means, with respect to any Term Benchmark Borrowing denominated in Dollars and for any tenor comparable to the applicable
Interest Period, the Term SOFR Reference Rate at approximately 5:00 a.m., Chicago time, two U.S. Government Securities Business Days prior
to the commencement of such tenor comparable to the applicable Interest Period, as such rate is published by the Term SOFR Administrator.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Term
SOFR Reference Rate&rdquo; means, for any day and time (such day, the &ldquo;Term SOFR Determination Day&rdquo;), with respect to any
Term Benchmark Borrowing denominated in Dollars and for any tenor comparable to the applicable Interest Period, the rate per annum published
by the Term SOFR Administrator and identified by the Administrative Agent as the forward-looking term rate based on SOFR. If by 5:00 pm
(New York City time) on such Term SOFR Determination Day, the &ldquo;Term SOFR Reference Rate&rdquo; for the applicable tenor has not
been published by the Term SOFR Administrator and a Benchmark Replacement Date with respect to the Term SOFR Rate has not occurred, then,
so long as such day is otherwise a U.S. Government Securities Business Day, the Term SOFR Reference Rate for such Term SOFR Determination
Day will be the Term SOFR Reference Rate as published in respect of the first preceding U.S. Government Securities Business Day for which
such Term SOFR Reference Rate was published by the Term SOFR Administrator, so long as such first preceding U.S. Government Securities
Business Day is not more than five (5)&nbsp;U.S. Government Securities Business Days prior to such Term SOFR Determination Day.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Total Assets</U>&rdquo; means, at any date of determination,
the consolidated total assets of the Company as of the last day of the most recent Fiscal Quarter of the Company for which financial statements
have been delivered pursuant to Section&nbsp;5.01(a)&nbsp;or (b)&nbsp;as adjusted to (i)&nbsp;exclude amounts attributed to Unrestricted
Subsidiaries and (ii)&nbsp;give effect to any Pro Forma Event occurring since such date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Total Indebtedness</U>&rdquo; means, as of any date, the
excess of (i)&nbsp;the sum, without duplication, of (a)&nbsp;the aggregate principal amount of Indebtedness of the Company and the Restricted
Subsidiaries outstanding as of such date, in the amount that would be reflected on a balance sheet prepared as of such date on a consolidated
basis in accordance with GAAP (but without giving effect to any election to value any Indebtedness at &ldquo;fair value,&rdquo; as described
in Section&nbsp;1.06(a), or any other accounting principle that results in the amount of any such Indebtedness (other than zero coupon
Indebtedness) as reflected on such balance sheet to be below the stated principal amount of such Indebtedness), (b)&nbsp;the aggregate
amount of Capital Lease Obligations and Synthetic Lease Obligations of the Company and the Restricted Subsidiaries outstanding as of such
date, determined on a consolidated basis, and (c)&nbsp;the aggregate obligations of the Company and the Restricted Subsidiaries as an
account party in respect of drawn letters of credit or letters of guaranty, other than contingent obligations in respect of any letter
of credit or letter of guaranty to the extent such letter of credit or letter of guaranty does not support Indebtedness over (ii)&nbsp;the
lesser of (x)&nbsp;$100,000,000 and (y)&nbsp;the aggregate amount of unrestricted cash and cash equivalents of the Company and its Restricted
Subsidiaries that would be reflected on a consolidated balance sheet of the Company in accordance with GAAP on such date (other than the
cash proceeds of any Indebtedness being incurred on such date).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Total Leverage Ratio</U>&rdquo; means, on any date, the ratio
of (a)&nbsp;Total Indebtedness as of such date to (b)&nbsp;Consolidated EBITDA for the period of four consecutive Fiscal Quarters of the
Company most recently ended on or prior to such date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Trademarks&rdquo;
has the meaning set forth in the U.S. Security Agreement.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Trademark
Assets&rdquo; means all Trademarks and, with respect to each Trademark, all technology (patented and unpatented) owned by a Loan Party
that exists in support of such Trademark.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Transactions</U>&rdquo; means the (a)&nbsp;execution, delivery
and performance by the Loan Parties of this Agreement, the borrowing of the Loans, the use of the proceeds thereof and the issuance of
Letters of Credit hereunder, (b)&nbsp;the execution, delivery and performance by the Loan Parties of the Term Loan Documents, the borrowing
of the Term Loans (as defined in the Term Credit Agreement) and the use of proceeds thereof, (c)&nbsp;the creation and perfection of the
security interests provided for in the Collateral Documents, (d)&nbsp;the Refinancing, and (e)&nbsp;the payment of all fees, commissions,
costs and expenses in connection with the foregoing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Treaty on the European Union</U>&rdquo; means the Treaty
of Rome of March&nbsp;25, 1957, as amended by the Single European Act 1986 and the Maastricht Treaty (signed February&nbsp;7, 1992), as
amended from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Type</U>,&rdquo; when used in reference to any Loan or Borrowing,
refers to whether the rate of interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the Adjusted
<FONT STYLE="color: red"><STRIKE>LIBO</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term SOFR</U></FONT> Rate,
the Adjusted EURIBOR Rate, the CDOR Rate, the HIBOR Rate, Daily Simple RFR, the Alternate Base Rate, the Canadian Prime Rate or the Overnight
Rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>UCC</U>&rdquo; means the Uniform Commercial Code as in effect
from time to time in the State of New York or any other state the laws of which are required to be applied in connection with the perfection
of security interests created by the Collateral Documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>UK Borrowers</U>&rdquo; means Fossil UK and each other UK
Subsidiary that becomes party to this Agreement as a UK Borrower after the Effective Date pursuant to Section&nbsp;5.03(b).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>UK Borrowing Base</U>&rdquo; means, at any time (without
duplication):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(a) &#8239;&#8239;&#8239;the
lesser of (x)&nbsp;the product of (i)&nbsp;90% <I>multiplied by</I> (ii)&nbsp;the <FONT STYLE="color: red"><STRIKE>NOLV Percentage</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Net
Orderly Liquidation Value</U></FONT> of Eligible Finished Goods Inventory of the UK Borrowers at such time and (y)&nbsp;the product of
(i)&nbsp;65% <I>multiplied by</I> (ii)&nbsp;the lower of cost or market value of Eligible Finished Goods Inventory of the UK Borrowers,
<I>plus</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(b) &#8239;&#8239;&#8239;the
product of (i)&nbsp;85% <I>multiplied by</I> (ii)&nbsp;the Eligible Accounts of the UK Borrowers at such time, <I>minus</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(c) &#8239;&#8239;&#8239;without
duplication, Reserves established by the Administrative Agent in its Permitted Discretion<FONT STYLE="color: red"><STRIKE>.</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>;</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>provided
that the advance rates in each of the foregoing clauses (a)&nbsp;and (b)&nbsp;above shall increase by the Seasonal Overadvance Amount
during any Seasonal Overadvance Period.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Administrative Agent may, in its Permitted Discretion and with
no less than two (2)&nbsp;Business Days&rsquo; prior written notice to the Borrower Representative (other than during a Dominion Period
in which case notice shall not be required), adjust Reserves used in computing the UK Borrowing Base. Subject to the immediately preceding
sentence and the other provisions hereof expressly permitting the Administrative Agent to adjust Reserves, the UK Borrowing Base at any
time shall be determined by reference to the most recent Borrowing Base Certificate delivered to the Administrative Agent pursuant to
Section&nbsp;5.01(h)&nbsp;(or, prior to the first such delivery, delivered to the Administrative Agent pursuant to Section&nbsp;4.01(o));
<U>provided</U> that if any Borrowing Base Certificate delivered under Section&nbsp;5.01(h)&nbsp;shall prove to have been materially inaccurate
(regardless of whether any Revolving Commitments are in effect or any amounts are outstanding hereunder when such inaccuracy is discovered),
and such inaccuracy shall have resulted in the payment of any interest or fees at rates lower than those that were in fact applicable
for any period (based on the actual UK Borrowing Base), the applicable Borrowers shall pay to the Administrative Agent, for distribution
to the Lenders (or former Lenders) as their interests may appear, the accrued interest or fees that should have been paid but were not
paid as a result of such inaccuracy.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>UK Collateral</U>&rdquo; means any and all property of any
UK Loan Party covered by the Collateral Documents and any and all other property of any UK Loan Party, now existing or hereafter acquired,
that may at any time be or become subject to a security interest or Lien in favor of the Administrative Agent to secure the UK Secured
Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>UK Credit Exposure</U>&rdquo; means, as to any European Revolving
Lender at any time, the sum of (a)&nbsp;such European Revolving Lender&rsquo;s UK Revolving Exposure <I>plus</I> (b)&nbsp;a Dollar Equivalent
equal to such Lender&rsquo;s Applicable Percentage of the aggregate amount of UK Overadvances and UK Protective Advances outstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;UK
Financial Institutions&rdquo; means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time)
promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended
from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment
firms, and certain affiliates of such credit institutions or investment firms.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>UK Guarantee</U>&rdquo; means Article&nbsp;XVI of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>UK Guaranteed Obligations</U>&rdquo; has the meaning set
forth in Section&nbsp;16.01.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>UK Guarantor</U>&rdquo; means each UK Borrower (solely with
respect to its Obligations arising pursuant to Section&nbsp;16.01 hereof) and each UK Subsidiary of a UK Borrower that is listed on the
signature pages&nbsp;hereto as a UK Guarantor or that becomes a party hereto as a UK Guarantor pursuant to Section&nbsp;5.03, in each
case, until such Subsidiary&rsquo;s UK Guarantee is released in accordance herewith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>UK Loan Parties</U>&rdquo; means, individually and collectively
as the context may require, the UK Borrower and each UK Guarantor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>UK Obligated Party</U>&rdquo; has the meaning set forth in
Section&nbsp;16.02.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>UK Obligations</U>&rdquo; means all unpaid principal of and
accrued and unpaid interest on the European Loans to the UK Borrowers, all accrued and unpaid fees and all expenses, reimbursements, indemnities
and other obligations of the UK Loan Parties to the Lenders or to any Lender, the Administrative Agent or any indemnified party arising
under the Loan Documents (including interest, costs, fees, expenses and other amounts accruing during the pendency of any case or proceeding
under any Insolvency Laws, regardless of whether allowed or allowable in such case or proceeding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>UK Overadvance</U>&rdquo; has the meaning set forth in Section&nbsp;2.05(c).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>UK Payers</U>&rdquo; means:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&nbsp;any UK Borrower; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&nbsp;any other Borrower that makes payments
under this Agreement or any other Loan Document&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that are subject to withholding taxes imposed by the
laws of the United Kingdom.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>UK Protective Advance</U>&rdquo; has the meaning set forth
in Section&nbsp;2.04(a).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;UK
Resolution Authority&rdquo; means the Bank of England or any other public administrative authority having responsibility for the resolution
of any UK Financial Institution.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>UK Revolving Exposure</U>&rdquo; means, with respect to any
European Revolving Lender at any time, the sum of (a)&nbsp;the outstanding principal amount of UK Revolving Loans of such European Revolving
Lender at such time <I>plus</I> (b)&nbsp;an amount equal to such European Revolving Lender&rsquo;s European Swingline Exposure in respect
of Swingline Loans made to the UK Borrowers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>UK Revolving Loan</U>&rdquo; means a Revolving Loan made
by the European Revolving Lenders to the UK Borrowers or U.S. Borrowers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>UK Secured Obligations</U>&rdquo; means all UK Obligations
together with all (a)&nbsp;Banking Services Obligations of the UK Loan Parties or any other UK Restricted Subsidiary of the Company and
(b)&nbsp;Swap Obligations of the UK Loan Parties or any other UK Restricted Subsidiary of the Company owing to one or more Qualified Counterparties;
<U>provided</U> that Excluded Swap Obligations with respect to any Loan Party shall not be UK Secured Obligations of such Loan Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>UK Security Agreements</U>&rdquo; means, collectively, (a)&nbsp;that
certain English law all asset security agreement, dated as of the date hereof, among the UK Loan Parties and the Administrative Agent,
(b)&nbsp;that certain English law security agreement in respect of Concentration Accounts and Collection Accounts, dated as of the date
hereof, among Fossil Switzerland, Fossil Germany and the Administrative Agent and (c)&nbsp;any other English law pledge or security agreement
(including any supplemental agreement or accession agreement in respect of a UK Security Agreement) entered into, after the Effective
Date by any other Loan Party (as required by this Agreement or any other Loan Document), as the same may be amended, restated or otherwise
modified from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>UK Subsidiary</U>&rdquo; means any subsidiary of the Company
that has been formed or is organized under the laws of England and Wales.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Unadjusted
Benchmark Replacement&rdquo; means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; color: red"><STRIKE>&ldquo;</STRIKE><U><STRIKE>United
States</STRIKE></U><STRIKE>&rdquo; or &ldquo;</STRIKE><U><STRIKE>U.S.</STRIKE></U><STRIKE>&rdquo; means the United States of America.</STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; color: red"><STRIKE>&ldquo;</STRIKE><U><STRIKE>Unliquidated
Obligations</STRIKE></U><STRIKE>&rdquo; means, at any time, any Secured Obligations (or portion thereof) that are contingent in nature
or unliquidated at such time, including any Secured Obligation that is: (a)&nbsp;an obligation to reimburse a bank for drawings not yet
made under a letter of credit issued by it; (b)&nbsp;any other obligation (including any guarantee) that is contingent in nature at such
time; or (c)&nbsp;an obligation to provide collateral to secure any of the foregoing types of obligations.</STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Unfinanced Capital Expenditures</U>&rdquo; means Capital
Expenditures (a)&nbsp;not financed with the proceeds of any incurrence of Indebtedness (other than the incurrence of any Loans <FONT STYLE="color: red"><STRIKE>or
Term Loans</STRIKE></FONT>), the proceeds of any sale or issuance of Equity Interests or equity contributions, the proceeds of any asset
sale (other than the sale of Inventory in the ordinary course of business) or any insurance proceeds, and (b)&nbsp;that are not reimbursed
by a third person (excluding any Loan Party or any of its Affiliates) in the period such expenditures are made pursuant to a written agreement.
For the avoidance of doubt, Unfinanced Capital Expenditures shall include Capital Expenditures financed with the proceeds of any Loans.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;United
States&rdquo; or &ldquo;U.S.&rdquo; means the United States of America.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;Unliquidated
Obligations&rdquo; means, at any time, any Secured Obligations (or portion thereof) that are contingent in nature or unliquidated at such
time, including any Secured Obligation that is: (a)&nbsp;an obligation to reimburse a bank for drawings not yet made under a letter of
credit issued by it; (b)&nbsp;any other obligation (including any guarantee) that is contingent in nature at such time; or (c)&nbsp;an
obligation to provide collateral to secure any of the foregoing types of obligations.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Unrestricted Subsidiary</U>&rdquo; means any Subsidiary of
the Company designated by the board of directors of the Company as an Unrestricted Subsidiary pursuant to Section&nbsp;5.17 subsequent
to the Effective Date and any Subsidiary of an Unrestricted Subsidiary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>U.S. Borrowers</U>&rdquo; means, individually and collectively
as the context may require, the Company and each U.S. Subsidiary Borrower.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>U.S. Borrower Canadian Facility Outstandings</U>&rdquo; means,
at any time, the aggregate Canadian Revolving Exposure at such time <U>minus</U>, to the extent included in the Canadian Revolving Exposure,
the Canadian Borrower Outstandings at such time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>U.S. Borrower European Facility Outstandings</U>&rdquo; means,
at any time, the aggregate European Revolving Exposure at such time <U>minus</U>, to the extent included in the European Revolving Exposure,
the European Borrower Outstandings at such time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>U.S. Borrower French Facility Outstandings</U>&rdquo; means,
at any time, the aggregate French Revolving Exposure at such time <U>minus</U>, to the extent included in the French Revolving Exposure,
the French Borrower Outstandings at such time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>U.S. Borrower Hong Kong Facility Outstandings</U>&rdquo;
means, at any time, the aggregate Hong Kong Revolving Exposure at such time <U>minus</U>, to the extent included in the Hong Kong Revolving
Exposure, the Hong Kong Borrower Outstandings at such time.</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>U.S. Borrowing Base</U>&rdquo; means, at any time (without
duplication), the sum of:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(a) &#8239;&#8239;&#8239;the
lesser of (x)&nbsp;the product of (i)&nbsp;90% <I>multiplied by</I> (ii)&nbsp;the <FONT STYLE="color: red"><STRIKE>NOLV Percentage</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Net
Orderly Liquidation Value</U></FONT> of Eligible Finished Goods Inventory of the U.S. Loan Parties at such time and (y)&nbsp;the product
of (i)&nbsp;65% <I>multiplied by</I> (ii)&nbsp;the lower of cost or market value of Eligible Finished Goods Inventory of the U.S. Borrowers,
<I>plus</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(b) &#8239;&#8239;&#8239;the
product of (i)&nbsp;85% <I>multiplied by</I> (ii)&nbsp;the Eligible Accounts of the U.S. Loan Parties at such time, <I>plus</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(c) &#8239;&#8239;&#8239;the
product of (i)&nbsp;90% <I>multiplied by</I> (ii)&nbsp;the Eligible Credit Card Accounts Receivable of the U.S. Loan Parties at such time,
<FONT STYLE="color: red"><I><STRIKE>minus</STRIKE></I></FONT><I><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>plus</U></FONT></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(d)</U></FONT>&#8239;&#8239;&#8239;&#8239;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>the
lesser of (x)&nbsp;the product of (i)&nbsp;40% <I>multiplied by</I> (ii)&nbsp;the Net Orderly Liquidation Value of Eligible Intellectual
Property of the U.S. Loan Parties at such time and (y)&nbsp;$20,000,000, <I>minus</I></U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(<FONT STYLE="color: red"><STRIKE>d</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>e</U></FONT>)&#8239;&#8239;without
duplication, Reserves established by the Administrative Agent in its Permitted Discretion<FONT STYLE="color: red"><STRIKE>.</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>;</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>provided
that the advance rates in each of the foregoing clauses (a)&nbsp;through (c)&nbsp;above shall increase by the Seasonal Overadvance Amount
during any Seasonal Overadvance Period.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Administrative Agent may, in its Permitted Discretion and with
no less than two (2)&nbsp;Business Days&rsquo; prior written notice to the Borrower Representative (other than during a Dominion Period
in which case notice shall not be required), adjust Reserves used in computing the U.S. Borrowing Base. Subject to the immediately preceding
sentence and the other provisions hereof expressly permitting the Administrative Agent to adjust the U.S. Borrowing Base, the U.S. Borrowing
Base at any time shall be determined by reference to the most recent Borrowing Base Certificate delivered to the Administrative Agent
pursuant to Section&nbsp;5.01(h); <U>provided</U> that if any Borrowing Base Certificate delivered under Section&nbsp;5.01(h)&nbsp;shall
prove to have been materially inaccurate (regardless of whether any Revolving Commitments are in effect or any amounts are outstanding
hereunder when such inaccuracy is discovered), and such inaccuracy shall have resulted in the payment of any interest or fees at rates
lower than those that were in fact applicable for any period (based on the actual U.S. Borrowing Base), the applicable Borrowers shall
pay to the Administrative Agent, for distribution to the Lenders (or former Lenders) as their interests may appear, the accrued interest
or fees that should have been paid but were not paid as a result of such inaccuracy.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Any changes after the Effective Date in how the Borrowers value their
Inventory in accordance with their historical practices prior to the Effective Date shall be subject to the reasonable approval of the
Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>U.S. Collateral</U>&rdquo; means any and all property owned,
leased or operated by a Person covered by the Collateral Documents and any and all other property of any U.S. Loan Party, now existing
or hereafter acquired, that may at any time be or become subject to a security interest or Lien in favor of the Administrative Agent to
secure the Secured Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>U.S. Commitment</U>&rdquo; means, with respect to each U.S.
Revolving Lender, the commitment, if any, of such U.S. Revolving Lender to make U.S. Revolving Loans and to acquire participations in
Letters of Credit hereunder, expressed as an amount representing the maximum possible aggregate amount of such U.S. Revolving Lender&rsquo;s
U.S. Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a)&nbsp;Section&nbsp;2.09
and (b)&nbsp;assignments by or to such U.S. Revolving Lender pursuant to Section&nbsp;9.04. The amount of each U.S. Revolving Lender&rsquo;s
U.S. Commitment is set forth on <U>Schedule 2.01</U>, or in the Assignment and Assumption pursuant or other documentation or record (as
such term is defined in Section&nbsp;9-102(a)(70) of the New York Uniform Commercial Code) as provided in Section&nbsp;9.04(b)(ii)(C)&nbsp;to
which such U.S. Revolving Lender shall have assumed its U.S. Commitment, as applicable. As of the <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Amendment
No.&nbsp;4 </U></FONT>Effective Date, the aggregate amount of the U.S. Commitments is $<FONT STYLE="color: red"><STRIKE>160,000,000</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>125,000,000</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>U.S. Credit Exposure</U>&rdquo; means, as to any U.S. Revolving
Lender at any time, the sum of (a)&nbsp;such Lender&rsquo;s U.S. Revolving Exposure <I>plus</I> (b)&nbsp;such Lender&rsquo;s Applicable
Percentage of the aggregate amount of U.S. Overadvances and U.S. Protective Advances outstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>U.S. Facility</U>&rdquo; means, collectively, the U.S. Commitments
and the extensions of credit made thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>&ldquo;U.S.
Government Securities Business Day&rdquo; means any day except for (i)&nbsp;a Saturday, (ii)&nbsp;a Sunday or (iii)&nbsp;a day on which
the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the
entire day for purposes of trading in United States government securities.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>U.S. Guarantee</U>&rdquo; means Article&nbsp;X of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>U.S. Guaranteed Obligations</U>&rdquo; has the meaning set
forth in Section&nbsp;10.01.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>U.S. Guarantor</U>&rdquo; means each U.S. Borrower (solely
with respect to its Obligations arising pursuant to Section&nbsp;10.01 hereof) and each Domestic Subsidiary of the Company that is listed
on the signature pages&nbsp;hereto as a U.S. Guarantor or that becomes a party hereto as a U.S. Guarantor pursuant to Section&nbsp;5.03,
in each case, until such Subsidiary&rsquo;s U.S. Guarantee is released in accordance herewith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>U.S. Line Cap</U>&rdquo; means, as of any date of determination
thereof by the Administrative Agent, an amount equal to the lesser of (i)&nbsp;the total U.S. Commitments then in effect and (ii)&nbsp;the
U.S. Borrowing Base.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>U.S. Loan Parties</U>&rdquo; means, individually and collectively
as the context may require, the U.S. Borrowers and each U.S. Guarantor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>U.S. Obligated Party</U>&rdquo; has the meaning set forth
in Section&nbsp;10.02.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>U.S. Obligations</U>&rdquo; means, with respect to the U.S.
Borrowers, all unpaid principal of and accrued and unpaid interest on the Loans to the U.S. Borrowers, all LC Exposure in respect of Letters
of Credit issued for the account of a U.S. Borrower or any Restricted Subsidiary, all accrued and unpaid fees and all expenses, reimbursements
(including pursuant to Section&nbsp;2.06(e)), indemnities and other obligations of the U.S. Loan Parties to the Lenders or to any Lender,
the Administrative Agent, any Issuing Bank or any indemnified party arising under the Loan Documents (including interest, costs, fees,
expenses and other amounts accruing during the pendency of any case or proceeding under any Insolvency Laws, regardless of whether allowed
or allowable in such case or proceeding).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>U.S. Overadvance</U>&rdquo; has the meaning set forth in
Section&nbsp;2.05(c).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>U.S. Overadvance Exposure</U>&rdquo; means, at any time,
the sum of the aggregate principal amount of all outstanding U.S. Overadvances at such time. The U.S. Overadvance Exposure of any Lender
at any time shall be its Applicable Percentage of the total U.S. Overadvance Exposure at such time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>U.S. Person</U>&rdquo; means a &ldquo;United States person&rdquo;
within the meaning of Section&nbsp;7701(a)(30) of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>U.S. Protective Advance</U>&rdquo; has the meaning set forth
in Section&nbsp;2.04(a).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>U.S. Protective Advance Exposure</U>&rdquo; means, at any
time, the sum of the aggregate principal amount of all outstanding U.S. Protective Advances at such time. The U.S. Protective Advance
Exposure of any Lender at any time shall be its Applicable Percentage of the total U.S. Protective Advance Exposure at such time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>U.S. Revolving Exposure</U>&rdquo; means, with respect to
any U.S. Revolving Lender at any time, the sum of (a)&nbsp;the outstanding principal amount of U.S. Revolving Loans of such U.S. Revolving
Lender at such time, <I>plus</I> (b)&nbsp;an amount equal to such U.S. Revolving Lender&rsquo;s LC Exposure at such time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>U.S. Revolving Lenders</U>&rdquo; means the Persons listed
on <U>Schedule 2.01</U> as having a U.S. Commitment and any other Person that shall acquire a U.S. Commitment pursuant to an Assignment
and Assumption, other than any such Person that ceases to be such a Person hereto pursuant to an Assignment and Assumption.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>U.S. Revolving Loan</U>&rdquo; means a Revolving Loan made
to the U.S. Borrowers by the U.S. Revolving Lenders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>U.S. Secured Obligations</U>&rdquo; means all U.S. Obligations,
together with all (a)&nbsp;Banking Services Obligations of the U.S. Borrowers or, except to the extent constituting Non-U.S. Secured Obligations,
any Restricted Subsidiary of the Company; and (b)&nbsp;Swap Obligations of the U.S. Loan Parties or, except to the extent constituting
Non-U.S. Secured Obligations, any Restricted Subsidiary of the Company owing to one or more Qualified Counterparties; <U>provided</U>
that Excluded Swap Obligations with respect to any Loan Party shall not be U.S. Secured Obligations of such Loan Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>U.S. Security Agreement</U>&rdquo; means that certain Pledge
and Security Agreement, dated as of the date hereof, between the U.S. Loan Parties and the Administrative Agent, and, as the context requires,
any other pledge or security agreement entered into, after the Effective Date by any other U.S. Loan Party (as required by this Agreement
or any other Loan Document), or any other Person, as the same may be amended, restated or otherwise modified from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>U.S. Special Resolution Regimes</U>&rdquo; has the meaning
assigned to it in Section&nbsp;9.26.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>U.S. Subsidiary Borrowers</U>&rdquo; means each Subsidiary
of the Company that is listed on the signature pages&nbsp;hereto as a U.S. Subsidiary Borrower and each other U.S. Subsidiary that becomes
party to this Agreement as a U.S. Subsidiary Borrower after the Effective Date pursuant to Section&nbsp;5.03(b).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>U.S. Tax Compliance Certificate</U>&rdquo; has the meaning
set forth in Section&nbsp;2.17(e)(ii)(B)(3).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>VAT</U>&rdquo; means:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(a)</U></FONT>&#8239;&#8239;&#8239;&#8239;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>any
value added tax imposed by the United Kingdom&rsquo;s Value Added Tax Act 1994;</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(<FONT STYLE="color: red"><STRIKE>a</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>b</U></FONT>)&#8239;&#8239;any
tax imposed in compliance with the Council Directive of 28 November&nbsp;2006 on the common system of value added tax (EC Directive 2006/112);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(<FONT STYLE="color: red"><STRIKE>b</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>c</U></FONT>)&#8239;&#8239;any
other tax of a similar nature, whether imposed in <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>the United Kingdom or </U></FONT>a
member state of the European Union in substitution for, or levied in addition to, such tax referred to in <FONT STYLE="color: red"><STRIKE>paragraph</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>paragraphs</U></FONT>
(a)<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>&nbsp;or (b)&nbsp;above</U></FONT>, or imposed elsewhere; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(<FONT STYLE="color: red"><STRIKE>c</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>d</U></FONT>)&#8239;&#8239;any
tax imposed in compliance with the Swiss Federal Act on Value Added Tax of 12 June&nbsp;2009 as amended from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Vendor Rebates</U>&rdquo; means credits earned from vendors
for volume purchases that reduce net inventory costs for the Loan Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Weekly Reporting Period</U>&rdquo; means any period (a)&nbsp;commencing
at any time when Availability shall be less than the greater of (i)&nbsp;12.5% of the Line Cap then in effect and (ii)&nbsp;$<FONT STYLE="color: red"><STRIKE>25,000,000</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>23,000,000</U></FONT>
and (b)&nbsp;ending when Availability shall have been greater than the greater of (i)&nbsp;12.5% of the Line Cap then in effect and (ii)&nbsp;$<FONT STYLE="color: red"><STRIKE>25,000,000</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>23,000,000</U></FONT>
for a period of 30 consecutive days.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>wholly-owned</U>,&rdquo; when used in reference to a subsidiary
of any Person, means that all the Equity Interests in such subsidiary (other than directors&rsquo; qualifying shares and other nominal
amounts of Equity Interests that are required to be held by other Persons under applicable law) are owned, beneficially and of record,
by such Person, another wholly-owned subsidiary of such Person or any combination thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Withdrawal Liability</U>&rdquo; means liability to a Multiemployer
Plan as a result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part&nbsp;I of Subtitle
E of Title IV of ERISA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Write-Down and Conversion Powers</U>&rdquo; means, <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(a)&nbsp;</U></FONT>with
respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under
the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In
Legislation Schedule<FONT STYLE="color: red"><STRIKE>.</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>, and
(b)&nbsp;with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel,
reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability
arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide
that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect
of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;1.02 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Classification
of Loans and Borrowings</U><FONT STYLE="background-color: white">. For purposes of this Agreement, Loans and Borrowings may be classified
and referred to by Type (<I>e.g</I>., a &ldquo;<U>Term Benchmark Loan</U>&rdquo; or a &ldquo;<U>Term Benchmark Borrowing</U>&rdquo;) or
by Facility and Type (<I>e.g</I>., a &ldquo;<U>Term Benchmark U.S. Revolving Loan</U>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;1.03 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Terms
Generally</U><FONT STYLE="background-color: white">. The definitions of terms herein shall apply equally to the singular and plural forms
of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms.
The words &ldquo;include,&rdquo; &ldquo;includes&rdquo; and &ldquo;including&rdquo; shall be deemed to be followed by the phrase &ldquo;without
limitation.&rdquo; The word &ldquo;will&rdquo; shall be construed to have the same meaning and effect as the word &ldquo;shall.&rdquo;
The words &ldquo;asset&rdquo; and &ldquo;property&rdquo; shall be construed to have the same meaning and effect and to refer to any and
all real and personal, tangible and intangible assets and properties, including cash, securities, accounts and contract rights. The word
 &ldquo;law&rdquo; shall be construed as referring to all statutes, rules, regulations, codes and other laws (including official rulings
and interpretations thereunder having the force of law or with which affected Persons customarily comply), and all judgments, orders,
writs and decrees, of all Governmental Authorities. Except as otherwise provided herein and unless the context requires otherwise, (a)&nbsp;any
definition of or reference to any agreement, instrument or other document (including this Agreement and the other Loan Documents) shall
be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified
(subject to any restrictions on such amendments, supplements or modifications set forth herein), (b)&nbsp;any definition of or reference
to any statute, rule&nbsp;or regulation shall be construed as referring thereto as from time to time amended, supplemented or otherwise
modified (including by succession of comparable successor laws), and all references to any statute shall be construed as referring to
all rules, regulations, rulings and official interpretations promulgated or issued thereunder, (c)&nbsp;any reference herein to any Person
shall be construed to include such Person&rsquo;s successors and permitted assigns (subject to any restrictions on assignment set forth
herein) and, in the case of any Governmental Authority, any other Governmental Authority that shall have succeeded to any or all functions
thereof, (d)&nbsp;the words &ldquo;herein,&rdquo; &ldquo;hereof&rsquo; and &ldquo;hereunder,&rdquo; and words of similar import, shall
be construed to refer to this Agreement in its entirety and not to any particular provision hereof and (e)&nbsp;all references herein
to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to,
this Agreement. References to the Administrative Agent shall be taken to refer also, where the context requires, to the Administrative
Agent acting in its capacity as security trustee in connection with the UK Security Agreements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;1.04 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;German Terms<FONT STYLE="background-color: white">.
In this Agreement, where it relates to the German Borrowers, a reference to: (a)&nbsp;gross negligence includes <I>grobe
Fahrl&auml;ssigkeit</I>; (b)&nbsp;negligence includes <I>Fahrl&auml;ssigkeit</I>; (c)&nbsp;a security interest includes any mortgage
(<I>Grundschuld, Hypothek</I>), pledge (<I>Pfandrecht</I>), retention of title arrangement (<I>Eigentumsvorbehalt</I>), right of
retention (<I>Zur&uuml;ckbehaltungsrecht</I>), right to reclaim goods (<I>Herausgabeanspr&uuml;che</I>), and, in general, any right <I>in
rem</I> created for the purpose of granting security; (d)&nbsp;a winding-up, administration or dissolution (and any of those terms)
includes a German entity being declared bankrupt (<I>insolvent</I>) or dissolved (<I>ausfgel&ouml;st</I>); (e)&nbsp;any step or
procedure taken in connection with insolvency proceedings includes a German entity having applied for bankruptcy
(<I>Insolvenzantrag</I>) or the opening of bankruptcy proceedings (<I>Insolvenzer&ouml;ffnung</I>); and (f)&nbsp;an administrator
includes an insolvency administrator (<I>Insolvenzverwalter</I>) and insolvency trustee (<I>Sachwalter</I>).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;1.05 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>French
Terms</U><FONT STYLE="background-color: white">. In this Agreement, where it relates to the French Borrower or any French Guarantor:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(a) &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&ldquo;assets&rdquo;
includes present and future properties, revenues and rights of every description;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(b) &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&ldquo;corporate
reconstruction&rdquo; includes in relation to any company any contribution of part of its business in consideration of shares (<I>apport
partiel d&rsquo;actifs</I>) and any demerger (<I>scission</I>) implemented in accordance with articles L. 236-1 to L. 236-24 of the French
Commercial Code;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(c) &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&ldquo;gross
negligence&rdquo; means &ldquo;<I>faute lourde</I>&rdquo;;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(d) &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;a
 &ldquo;guarantee&rdquo; includes any type of <I>&ldquo;s&ucirc;ret&eacute; personnelle</I>&rdquo;;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(e)
 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&ldquo;indebtedness&rdquo; includes any obligation (whether incurred as principal or as surety) for the payment or repayment
of money, whether present or future, actual or contingent;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(f) &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&ldquo;merger&rdquo;
includes any fusion implemented in accordance with articles L. 236-1 to L. 236-24 of the French Commercial Code;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(g) &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;a
 &ldquo;security interest&rdquo; includes any type of security (<I>s&ucirc;ret&eacute; r&eacute;elle</I>) and transfer by way of security;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(h) &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;a
 &ldquo;transfer&rdquo; includes any means of transfer of rights and/or obligations under French law;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(i) &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&ldquo;trustee,
fiduciary and fiduciary duty&rdquo; has in each case the meaning given to such term under any applicable law;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(j) &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&ldquo;wilful
misconduct&rdquo; means &ldquo;<I>dol</I>&rdquo;;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(k) &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;a
person being &ldquo;unable to pay its debts&rdquo; includes that person being in a state of &ldquo;<I>cessation des paiements&rdquo;</I>
as defined in article L. 631-1 of the French Commercial Code;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(l) &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;a
 &ldquo;suspension of payments,&rdquo; a &ldquo;moratorium of any indebtedness,&rdquo; a &ldquo;winding-up,&rdquo; &ldquo;dissolution,&rdquo;
 &ldquo;administration,&rdquo; &ldquo;reorganisation&rdquo; (by way of voluntary arrangement, scheme of arrangement or otherwise) or &ldquo;insolvency&rdquo;
or similar laws relating to or limiting creditors&rsquo; rights generally includes, without limitation, any reorganisation in the context
of a <I>mandat ad hoc </I>or of a <I>proc&eacute;dure de conciliation</I>, any judicial reorganisation &ldquo;<I>redressement judiciaire</I>,&rdquo;
any partial or whole sale of the company &ldquo;<I>cession totale ou partielle de l&rsquo;entreprise</I>,&rdquo; any judicial liquidation
 &ldquo;<I>liquidation judiciaire</I>,&rdquo; any safeguard &ldquo;<I>sauvegarde</I>,&rdquo; any accelerated financial safeguard &ldquo;<I>sauvegarde
financi&egrave;re acc&eacute;l&eacute;r&eacute;e</I>,&rdquo; any accelerated safeguard &ldquo;<I>sauvegarde acc&eacute;l&eacute;r&eacute;e</I>&rdquo;
or any collective procedure &ldquo;<I>proc&eacute;dure collective</I>&rdquo; under Book VI (<I>Livre Sixi&egrave;me</I>) of the French
Commercial Code; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(m) &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;a
 &ldquo;composition,&rdquo; &ldquo;assignment&rdquo; or &ldquo;similar arrangement with any creditor&rdquo; includes a <I>proc&eacute;dure
de conciliation</I> or a <I>mandat ad hoc</I> under Book VI (<I>Livre Sixi&egrave;me</I>) of the French Commercial Code;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(n) &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;a
 &ldquo;liquidator,&rdquo; &ldquo;receiver,&rdquo; &ldquo;administrative receiver,&rdquo; &ldquo;administrator,&rdquo; &ldquo;compulsory
manager&rdquo; or similar officer includes, any &ldquo;<I>mandataire ad hoc</I>,&rdquo; &ldquo;<I>administrateur judiciaire</I>,&rdquo;
 &ldquo;<I>administrateur provisoire</I>,&rdquo; &ldquo;<I>conciliateur</I>&rdquo; or &ldquo;<I>mandataire liquidateur</I>&rdquo; or similar
officer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;1.06 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Accounting
Terms; GAAP</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a) &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Except
as otherwise expressly provided herein, all terms of an accounting or financial nature used herein shall be construed in accordance with
GAAP, as in effect from time to time; <U>provided</U> that (a)&nbsp;if the Borrower Representative notifies the Administrative Agent that
the Borrowers request an amendment to any provision hereof to eliminate the effect of any change occurring after the Effective Date in
GAAP or in the application thereof on the operation of such provision (or if the Administrative Agent notifies the Borrower Representative
that the Required Lenders request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given
before or after such change in GAAP or in the application thereof, then such provision shall be interpreted on the basis of GAAP as in
effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision
amended in accordance herewith; <U>provided</U> that the Borrower Representative, on the one hand, and the Administrative Agent and Lenders,
on the other hand, agree to negotiate in good faith with respect to any proposed amendment to eliminate or adjust for the effect of any
such change in GAAP at no cost to the Loan Parties other than the reimbursement of the Administrative Agent&rsquo;s costs and expenses;
and (b)&nbsp;notwithstanding any other provision contained herein, all terms of an accounting or financial nature used herein shall be
construed, and all computations of amounts and ratios referred to herein shall be made (i)&nbsp;without giving effect to any election
under Financial Accounting Standards Board Accounting Standards Codification 825-10-25 (or any other Accounting Standards Codification
or Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of the Company or any
Subsidiary at &ldquo;fair value,&rdquo; as defined therein and (ii)&nbsp;without giving effect to any treatment of Indebtedness in respect
of convertible debt instruments under Financial Accounting Standards Board Accounting Standards Codification 470-20 (or any other Accounting
Standards Codification or Financial Accounting Standard having a similar result or effect) to value any such Indebtedness in a reduced
or bifurcated manner as described therein, and such Indebtedness shall at all times be valued at the full stated principal amount thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b) &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Notwithstanding
anything to the contrary contained in Section&nbsp;1.04(a)&nbsp;or in the definition of &ldquo;Capital Lease Obligations,&rdquo; any change
in accounting for leases pursuant to GAAP resulting from the adoption of Financial Accounting Standards Board Accounting Standards Update
No.&nbsp;2016-02, Leases (Topic 842) (&ldquo;<U>FAS 842</U>&rdquo;), to the extent such adoption would require treating any lease (or
similar arrangement conveying the right to use) as a capital lease where such lease (or similar arrangement) would not have been required
to be so treated under GAAP as in effect on December&nbsp;31, 2015, such lease shall not be considered a capital lease, and all calculations
and deliverables under this Agreement or any other Loan Document shall be made or delivered, as applicable, in accordance therewith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0.5in; text-indent: 0in; text-align: justify">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;1.07&#8239;&#8239;&#8239;&#8239;&#8239;<U>Currency
Matters</U><FONT STYLE="">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Without
limiting the other terms of this Agreement, the calculations and determinations under this Agreement of any amount in any currency other
than Dollars shall be deemed to refer to the Dollar Equivalent thereof, as the case may be, and all certificates delivered under this
Agreement shall express such calculations or determinations in Dollars or the Dollar Equivalent thereof, as the case may be. The permissibility
of actions taken under Article&#8239;VI on any date based on the requisite currency translation calculated as of such date shall not be
affected by subsequent fluctuations in exchange rates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Unless
otherwise prohibited by law, if more than one currency or currency unit are at the same time recognized by the central bank of any country
as the lawful currency of that country, then:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
reference in the Loan Documents to, and any obligations arising under the Loan Documents in, the currency of that country shall be translated
into, or paid in, the currency or currency unit of that country designated by the Administrative Agent; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;any
translation from one currency or currency unit to another shall be at the official rate of exchange recognized by the central bank for
the conversion of that currency or currency unit into the other, rounded up or down by the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If
a change in any currency of a country occurs, this Agreement will, to the extent the Administrative Agent reasonably determines necessary,
be amended to comply with any generally accepted conventions and market practice in the relevant interbank market and otherwise to reflect
the change in currency.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;1.08&#8239;&#8239;&#8239;&#8239;&#8239;<U>Classification
of Actions</U><FONT STYLE="">. For purposes of determining compliance at any time with the covenants set forth
in Article&#8239;VI (or, in each case, any defined terms used therein), in the event that the subject transaction meets the criteria of
more than one (or each portion of the subject transaction meets the criteria of one or more) of the categories of transactions permitted
pursuant to the Sections (or related defined terms) in Article&#8239;VI, the Borrowers may, in its sole discretion, classify the applicable
transaction (or any portion thereof) under such Section&#8239;(or defined term); it being understood that the Borrowers may divide and
include such transaction under one or more of the clause of such Section&#8239;(or any relevant portion thereof or of the applicable related
defined term) that permit such transaction.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;1.09&#8239;&#8239;&#8239;&#8239;&#8239;<U>Interest
Rates; </U><FONT STYLE="color: red"><U><STRIKE>LIBOR</STRIKE></U></FONT><FONT STYLE="color: blue; border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>Benchmark
</U></FONT><U>Notifications</U><FONT STYLE="">. The interest rate on <FONT STYLE="color: red"><STRIKE>Term Benchmark
Loans may be determined by reference to the LIBO Rate or Overnight LIBO Rate (as applicable), which are derived from the London interbank
offered rate. The London interbank offered rate is intended to represent the rate at which contributing banks may obtain short-term borrowings
from each other in the London interbank market. In July&#8239;2017, the U.K. Financial Conduct Authority announced that, after the end
of 2021, it would no longer persuade or compel contributing banks to make rate submissions to the ICE Benchmark Administration (together
with any successor to the ICE Benchmark Administrator, the &ldquo;</STRIKE><U><STRIKE>IBA</STRIKE></U><STRIKE>&rdquo;) for purposes of
the IBA setting the London interbank offered rate. As a result, it is possible that commencing in 2022, the London interbank offered
rate may no longer be available or may no longer be deemed an appropriate reference rate upon which to determine the interest rate on
certain Term Benchmark Loans. In light of this eventuality, public and private sector industry initiatives are currently underway to
identify new or alternative reference rates to be used in place of the London interbank offered rate. In the event that the London interbank
offered rate is no longer available or in certain other circumstances as set forth in</STRIKE></FONT><FONT STYLE="color: blue; border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>a
Loan denominated in Dollars or an Alternative Currency may be derived from an interest rate benchmark that may be discontinued or is,
or may in the future become, the subject of regulatory reform. Upon the occurrence of a Benchmark Transition Event,</U></FONT></FONT>
<FONT STYLE="">Section&#8239;2.14(<FONT STYLE="color: red"><STRIKE>c)&#8239;of this Agreement, such Section&#8239;2.14(c</STRIKE></FONT><FONT STYLE="color: blue; border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>b</U></FONT></FONT><FONT STYLE="">)
provides a mechanism for determining an alternative rate of interest. The <FONT STYLE="color: red"><STRIKE>Administrative Agent will
notify the Borrower, pursuant to Section&#8239;2.14, in advance of any change to the reference rate upon which the interest rate on such
Term Benchmark Loans is based. However, the </STRIKE></FONT>Administrative Agent does not warrant or accept any responsibility for, and
shall not have any liability with respect to, the administration, submission<FONT STYLE="color: blue; border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>,
performance</U></FONT></FONT> <FONT STYLE="">or any other matter related to <FONT STYLE="color: red"><STRIKE>the
London interbank offered rate or other rates in the definition of &ldquo;LIBO Rate&rdquo; or &ldquo;Overnight LIBO Rate&rdquo; (as applicable)</STRIKE></FONT><FONT STYLE="color: blue; border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>any
interest rate used in this Agreement,</U></FONT></FONT> <FONT STYLE="">or with respect to any alternative or successor
rate thereto, or replacement rate thereof, including without limitation, whether the composition or characteristics of any such alternative,
successor or replacement reference rate<FONT STYLE="color: red"><STRIKE>, as it may or may not be adjusted pursuant to Section&#8239;2.14(c),
</STRIKE></FONT> will be similar to, or produce the same value or economic equivalence of, the <FONT STYLE="color: red"><STRIKE>LIBO
Rate or Overnight LIBO Rate (as applicable)</STRIKE></FONT><FONT STYLE="color: blue; border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>existing
interest rate being replaced</U></FONT></FONT> <FONT STYLE="">or have the same volume or liquidity as did <FONT STYLE="color: red"><STRIKE>the
London interbank offered</STRIKE></FONT><FONT STYLE="color: blue; border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>any
existing interest</U></FONT></FONT> <FONT STYLE="">rate prior to its discontinuance or unavailability. The Administrative
Agent and its affiliates and/or other related entities may engage in transactions that affect the calculation of any <FONT STYLE="color: red"><STRIKE>Daily
Simple RFR,</STRIKE></FONT><FONT STYLE="color: blue; border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>interest
rate used in this Agreement or</U></FONT></FONT> <FONT STYLE="">any alternative, successor or alternative rate
<FONT STYLE="color: blue; border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>(including any Benchmark
Replacement) </U></FONT></FONT><FONT STYLE="">and/or any relevant adjustments thereto, in each case, in a manner
adverse to the <FONT STYLE="color: red"><STRIKE>Borrower</STRIKE></FONT><FONT STYLE="color: blue; border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>Borrowers</U></FONT></FONT><FONT STYLE="">.
The Administrative Agent may select information sources or services in its reasonable discretion to ascertain any <FONT STYLE="color: red"><STRIKE>RFR,
Daily Simple RFR or the Term Benchmark Rate,</STRIKE></FONT><FONT STYLE="color: blue; border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>interest
rate used in this Agreement,</U></FONT></FONT> <FONT STYLE="">any component thereof, or rates referenced in the
definition thereof, in each case pursuant to the terms of this Agreement, and shall have no liability to <FONT STYLE="color: red"><STRIKE>the</STRIKE></FONT><FONT STYLE="color: blue; border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>any
</U></FONT></FONT><FONT STYLE="">Borrower, any Lender or any other person or entity for damages of any kind, including
direct or indirect, special, punitive, incidental or consequential damages, costs, losses or expenses (whether in tort, contract or otherwise
and whether at law or in equity), for any error or calculation of any such rate (or component thereof) provided by any such information
source or service.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>ARTICLE&#8239;II</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>The Credits</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;2.01&#8239;&#8239;&#8239;&#8239;&#8239;<U>Revolving
Commitments</U><FONT STYLE="">. Subject to the terms and conditions set forth herein, each U.S. Revolving Lender
severally agrees to make U.S. Revolving Loans to the U.S. Borrowers from time to time during the Availability Period, each Canadian Revolving
Lender severally agrees to make Canadian Revolving Loans to the Canadian Borrowers or the U.S. Borrowers from time to time during the
Availability Period, each European Revolving Lender severally agrees to make European Revolving Loans to the European Borrowers or the
U.S. Borrowers from time to time during the Availability Period, each French Revolving Lender severally agrees to make French Revolving
Loans to the French Borrowers or the U.S. Borrowers from time to time during the Availability Period and each Hong Kong Revolving Lender
severally agrees to make Hong Kong Revolving Loans to the Hong Kong Borrowers or the U.S. Borrowers from time to time during the Availability
Period, in each case, in an aggregate principal amount that will not result in:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
U.S. Revolving Exposure of any U.S. Revolving Lender exceeding such U.S. Revolving Lender&rsquo;s U.S. Commitment;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;the
U.S. Revolving Exposure exceeding the U.S. Line Cap then in effect;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iii)&#8239;&#8239;&#8239;&#8239;the
sum of (v)&#8239;the aggregate U.S. Revolving Exposure plus (w)&#8239;the U.S. Borrower Canadian Facility Outstandings plus (x)&#8239;the
U.S. Borrower European Facility Outstandings plus (y)&#8239;the U.S. Borrower French Facility Outstandings plus (z)&#8239;the U.S. Borrower
Hong Kong Facility Outstandings exceeding the U.S. Borrowing Base;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iv)&#8239;&#8239;&#8239;&#8239;the
Canadian Revolving Exposure of any Canadian Revolving Lender exceeding such Canadian Revolving Lender&rsquo;s Canadian Commitment;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(v)&#8239;&#8239;&#8239;&#8239;&#8239;the
Canadian Revolving Exposure exceeding the Canadian Line Cap then in effect;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(vi)&#8239;&#8239;&#8239;&#8239;the
French Revolving Exposure of any French Revolving Lender exceeding such French Revolving Lender&rsquo;s French Commitment;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(vii)&#8239;&#8239;&#8239;the
French Revolving Exposure exceeding the French Line Cap then in effect;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(viii)&#8239;&#8239;the
French Revolving Exposure to a French Borrower exceeding the French Borrowing Base of that French Borrower then in effect;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ix)&#8239;&#8239;&#8239;&#8239;&#8239;the
Hong Kong Revolving Exposure of any Hong Kong Revolving Lender exceeding such Hong Kong Revolving Lender&rsquo;s Hong Kong Commitment;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(x)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
Hong Kong Revolving Exposure exceeding the Hong Kong Line Cap then in effect;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(xi)&#8239;&#8239;&#8239;&#8239;&#8239;the
German Revolving Exposure to a German Borrower exceeding the German Borrowing Base of that German Borrower then in effect;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(xii)&#8239;&#8239;&#8239;&#8239;the
Swiss Revolving Exposure to a Swiss Borrower exceeding the Swiss Borrowing Base of that Swiss Borrower then in effect;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(xiii)&#8239;&#8239;&#8239;the
UK Revolving Exposure exceeding the UK Borrowing Base then in effect;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(xiv)&#8239;&#8239;&#8239;the
European Revolving Exposure exceeding the European Line Cap; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(xv)&#8239;&#8239;&#8239;&#8239;the
aggregate Revolving Exposure exceeding the Line Cap;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">subject to the Administrative Agent&rsquo;s authority, in its sole
discretion, to make Protective Advances pursuant to the terms of Section&#8239;2.04. The limitations on Borrowings referred to in clauses
(i)&#8239;through (xv)&#8239;are referred to collectively as the &ldquo;<U>Revolving Exposure Limitations</U>.&rdquo; Within the foregoing
limits and subject to the terms and conditions set forth herein, the Borrowers may borrow, prepay and reborrow Revolving Loans.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;2.02&#8239;&#8239;&#8239;&#8239;&#8239;<U>Loans
and Borrowings</U><FONT STYLE="">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Loan (other than a Swingline Loan) shall be made as part of a Borrowing consisting of Loans of the same Facility and Type made by the
Lenders ratably in accordance with their respective Revolving Commitments under the applicable Facility. Any Protective Advance, any Swingline
Loan and any Overadvance shall be made in accordance with the procedures set forth in Section&#8239;2.04 or 2.05, as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;All
Borrowings under the U.S. Commitment shall be denominated in Dollars. Borrowings under the Canadian Commitment, the European Commitment,
the French Commitment or the Hong Kong Commitment may be in Dollars or in one or more Alternative Currencies. Subject to Section&#8239;2.14,
(i)&#8239;each Borrowing under the U.S. Facility shall be comprised entirely of ABR Loans or Adjusted <FONT STYLE="color: red"><STRIKE>LIBO</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term
SOFR</U></FONT> Rate Loans, (ii)&#8239;each Borrowing under the Canadian Facility shall be comprised entirely of Canadian Prime Rate Loans
or CDOR Rate Loans, or if denominated in Dollars, Adjusted <FONT STYLE="color: red"><STRIKE>LIBO</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term
SOFR</U></FONT> Rate Loans, (iii)&#8239;each Borrowing under the European Facility shall be comprised entirely of, if denominated in Euros,
Adjusted EURIBOR Rate Loans, or if denominated in Pounds Sterling, RFR Loans, or if denominated in Dollars, Adjusted <FONT STYLE="color: red"><STRIKE>LIBO</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term
SOFR</U></FONT> Rate Loans, (iv)&#8239;each Borrowing under the French Facility shall be comprised entirely of Adjusted EURIBOR Rate Loans,
or if denominated in Dollars, Adjusted <FONT STYLE="color: red"><STRIKE>LIBO</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term
SOFR</U></FONT> Rate Loans and (v)&#8239;each Borrowing under the Hong Kong Facility shall be comprised entirely of HIBOR Rate Loans, or
if denominated in Dollars, Adjusted <FONT STYLE="color: red"><STRIKE>LIBO</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term
SOFR</U></FONT> Rate Loans, in each case, as the Borrower Representative may request in accordance herewith. Each Swingline Loan shall
be an Overnight Rate Loan for the applicable Agreed Currency, or each Overadvance shall be an ABR Loan (in the case of an Overadvance
denominated in Dollars under the U.S. Facility), Canadian Prime Rate Loan (in the case of an Overadvance denominated in Canadian Dollars),
RFR Loan (in the case of an Overadvance denominated in Pounds Sterling) or the applicable Term Benchmark Loan (in the case of an Overadvance
denominated in Euros, Hong Kong Dollars or Dollars (in the case of Dollars, other than under the U.S. Facility)), as applicable. Each
Lender at its option may make any Term Benchmark Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such
Loan; <U>provided</U> that any exercise of such option shall not affect the obligation of the Borrowers to repay such Loan in accordance
with the terms of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;At
the commencement of each Interest Period for any Term Benchmark Borrowing, or at the time that each RFR Borrowing, ABR Borrowing or Canadian
Prime Rate Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of the Dollar Equivalent of
$1,000,000 and not less than the Dollar Equivalent of $5,000,000; <U>provided</U> that a Term Benchmark Borrowing that results from a
continuation of an outstanding Term Benchmark Borrowing may be in an aggregate amount that is equal to such outstanding Borrowing. Borrowings
of more than one Type may be outstanding at the same time; <U>provided</U> that there shall not at any time be more than a total of <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>ten
</U></FONT>(<FONT STYLE="color: red"><STRIKE>i)&#8239;</STRIKE></FONT>10<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>)</U></FONT>
Term Benchmark Borrowings, <FONT STYLE="color: red"><STRIKE>(ii)&#8239;5 </STRIKE></FONT>CDOR Rate Borrowings<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>,
HIBOR Borrowings</U></FONT> and/or <FONT STYLE="color: red"><STRIKE>(iii)&#8239;5 HIBOR</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>RFR</U></FONT>
Borrowings outstanding <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>in the aggregate</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Notwithstanding
any other provision of this Agreement, the Borrower Representative shall not be entitled to request, or to elect to convert to or continue,
any Term Benchmark Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;2.03&#8239;&#8239;&#8239;&#8239;&#8239;<U>Requests
for Revolving Borrowings</U><FONT STYLE="">. To request a Borrowing of Revolving Loans, the Borrower Representative
shall notify the Administrative Agent of such request either in writing (delivered by hand or through Electronic System if arrangements
for doing so have been approved by the Administrative Agent) in a form approved by the Administrative Agent and signed by the Borrower
Representative (or if an Extenuating Circumstance shall exist, by telephone) (i)&#8239;(a)&#8239;with respect to Adjusted <FONT STYLE="color: red"><STRIKE>LIBO</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term
SOFR</U></FONT> Rate Loans under the U.S. Facility, <FONT STYLE="color: red"><STRIKE>12:00 p.m</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>11:00
a.m</U></FONT>., New York City time, three <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>U.S. Government Securities </U></FONT>Business
Days before the date of the proposed Borrowing, (b)&#8239;with respect to Adjusted <FONT STYLE="color: red"><STRIKE>LIBO</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term
SOFR</U></FONT> Rate Loans under the European Facility, French Facility or Hong Kong Facility, 11:00 a.m., London time, three Business
Days before the date of the proposed Borrowing and (c)&#8239;with respect to Adjusted <FONT STYLE="color: red"><STRIKE>LIBO</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term
SOFR</U></FONT> Rate Loans under the Canadian Facility, 12:00 p.m., Toronto time, three Business Days prior to the date of the proposed
Borrowing, (ii)&#8239;with respect to ABR Loans, 12:00 p.m., New York City time, on the date of the proposed Borrowing, (iii)&#8239;with
respect to CDOR Rate Loans, 12:00 p.m., Toronto time, three Business Days prior to the date of the proposed Borrowing, (iv)&#8239;in the
case of Canadian Prime Rate Loans, 11:00 a.m., Toronto time, <FONT STYLE="color: red"><STRIKE>on</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>one
Business Day prior to</U></FONT> the date of the proposed Borrowing to the Administrative Agent&rsquo;s Toronto office, (v)&#8239;with
respect to Adjusted EURIBOR <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Rate </U></FONT>Loans under the European Facility
or the French Facility, 12:00 p.m., London time, three Business Days prior to the date of the proposed Borrowing, (vi)&#8239;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(a)&#8239;</U></FONT>with
respect to RFR Loans denominated in Pounds Sterling under the European Facility, 11:00 a.m., London time, five Business Days prior to
the date of the proposed Borrowing and <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(b)&#8239;with respect to RFR Loans denominated
in Dollars under the U.S. Facility, not later than 11:00 a.m., New&#8239;York City time, five U.S. Government Securities Business Days
before the date of the proposed Borrowing and </U></FONT>(vii)&#8239;with respect to HIBOR Rate Loans, 11:00 a.m., London time, four Business
Days before the date of the proposed Borrowing. Each such Borrowing Request shall be irrevocable and each such telephonic Borrowing Request,
if permitted, shall be confirmed immediately upon the cessation of the Extenuating Circumstance by hand delivery, facsimile or a communication
through Electronic System to the Administrative Agent, of a written Borrowing Request in a form approved by the Administrative Agent and
signed by the Borrower Representative. Each such telephonic and written Borrowing Request shall specify the following information in compliance
with Section&#8239;2.01:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;whether
such Loans are being made to the U.S. Borrowers, the Canadian Borrowers, the French Borrowers, the German Borrowers, the Hong Kong Borrowers,
the Swiss Borrowers or the UK Borrowers;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
aggregate amount of the requested Borrowing and the manner in which the proceeds of such Borrowing are to be disbursed (which shall be
consistent with Section&#8239;2.07);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
date of such Borrowing, which shall be a Business Day;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;whether
such Borrowing is to be a Borrowing under the U.S. Facility, the Canadian Facility, the French Facility, the European Facility or the
Hong Kong Facility;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
currency of the requested Borrowing;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;whether
such Borrowing is to be an ABR Borrowing, a Term Benchmark Borrowing, an RFR Borrowing or a Canadian Prime Rate Borrowing; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(vii)&#8239;&#8239;&#8239;&#8239;&#8239;in
the case of a Term Benchmark Borrowing, the initial Interest Period to be applicable thereto, which shall be a period contemplated by
the definition of the term &ldquo;Interest Period.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If no election as to the Type of Borrowing is specified, then (A)&#8239;a
Borrowing of U.S. Revolving Loans shall be an ABR Borrowing, (B)&#8239;a Borrowing of Canadian Revolving Loans requested in Canadian Dollars
shall be a Canadian Prime Rate Borrowing, (C)&#8239;a Borrowing of Canadian Revolving Loans, European Revolving Loans, French Revolving
Loans or Hong Kong Revolving Loans requested in Dollars shall be an Adjusted <FONT STYLE="color: red"><STRIKE>LIBO</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term
SOFR</U></FONT> Rate Borrowing, (D)&#8239;a Borrowing of European Revolving Loans or French Revolving Loans requested in Euros shall be
an Adjusted EURIBOR Rate Borrowing, (E)&#8239;a Borrowing of European Revolving Loans requested in Pound Sterling shall be a RFR Borrowing
and (F)&#8239;a Borrowing of Hong Kong Revolving Loans requested in an Alternative Currency shall be a HIBOR Borrowing. If no Interest
Period is specified with respect to any requested Term Benchmark Borrowing, then the applicable Borrower(s)&#8239;shall be deemed to have
selected an Interest Period of one month&rsquo;s duration. Promptly following receipt of a Borrowing Request in accordance with this Section,
the Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender&rsquo;s Revolving Loan to be
made as part of the requested Borrowing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;2.04&#8239;&#8239;&#8239;&#8239;&#8239;<U>Protective
Advances</U><FONT STYLE="">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Subject
to the limitations set forth below, the Administrative Agent is authorized by the Borrowers and the Lenders, from time to time in the
Administrative Agent&rsquo;s sole discretion (but shall have absolutely no obligation), to make (i)&#8239;Loans to the U.S. Borrowers in
Dollars on behalf of the U.S. Revolving Lenders (each such Loan, a &ldquo;<U>U.S. Protective Advance</U>&rdquo;), (ii)&#8239;Loans to the
Canadian Borrowers in Canadian Dollars on behalf of the Canadian Revolving Lenders (each such Loan, a &ldquo;<U>Canadian Protective Advance</U>&rdquo;),
(iii)&#8239;Loans to the French Borrowers in Dollars or an Alternative Currency on behalf of the French Revolving Lenders (each such Loan,
a &ldquo;<U>French Protective Advance</U>&rdquo;), (iv)&#8239;Loans to the German Borrowers in Dollars or an Alternative Currency on behalf
of the European Revolving Lenders (each such Loan, a &ldquo;<U>German Protective Advance</U>&rdquo;), (v)&#8239;Loans to the Hong Kong
Borrowers in Dollars or an Alternative Currency on behalf of the Hong Kong Revolving Lenders (each such Loan, a &ldquo;<U>Hong Kong Protective
Advance</U>&rdquo;), (vi)&#8239;Loans to the Swiss Borrowers in Dollars or an Alternative Currency on behalf of the European Revolving
Lenders (each such Loan, a &ldquo;<U>Swiss Protective Advance</U>&rdquo;), and (vii)&#8239;Loans to the UK Borrowers in Dollars or an Alternative
Currency on behalf of the European Revolving Lenders (each such Loan, a &ldquo;<U>UK Protective Advance</U>&rdquo; and, together with
the German Protective Advance and the Swiss Protective Advance, the &ldquo;<U>European Protective Advance</U>&rdquo;), which the Administrative
Agent, in its Permitted Discretion, deems necessary or appropriate (A)&#8239;to preserve or protect the Collateral, or any portion thereof,
(B)&#8239;to enhance the likelihood of, or maximize the amount of, repayment of the Loans and other Obligations, or (C)&#8239;to pay any
other amount chargeable to or required to be paid by the applicable Borrower(s)&#8239;pursuant to the terms of this Agreement, including
payments of reimbursable expenses (including costs, fees, and expenses as described in Section&#8239;9.03) and other sums payable under
the Loan Documents; <U>provided</U> that (i)&#8239;(x)&#8239;the aggregate principal amount of outstanding U.S. Protective Advances, when
aggregated with the aggregate principal amount of outstanding U.S. Overadvances, shall not at any time exceed 10% of the total U.S. Borrowing
Base then in effect and (y)&#8239;the total U.S. Credit Exposure shall not exceed the total U.S. Commitment then in effect; <U>provided</U>,
<U>further</U>, that no U.S. Protective Advance shall be made if after giving effect thereto, any Lender&rsquo;s U.S. Credit Exposure
shall exceed such Lender&rsquo;s U.S. Commitment, (ii)&#8239;(x)&#8239;the aggregate Dollar Equivalent of outstanding Canadian Protective
Advances, when aggregated with the aggregate principal amount of outstanding Canadian Overadvances, shall not at any time exceed 10% of
the total Canadian Borrowing Base then in effect and (y)&#8239;the total Canadian Credit Exposure shall not exceed the total Canadian Commitment
then in effect; <U>provided</U>, <U>further</U>, that no Canadian Protective Advance shall be made if after giving effect thereto, any
Lender&rsquo;s Canadian Credit Exposure shall exceed such Lender&rsquo;s Canadian Commitment, (iii)&#8239;(x)&#8239;the aggregate Dollar
Equivalent of outstanding French Protective Advances, when aggregated with the aggregate principal amount of outstanding French Overadvances,
shall not at any time exceed 10% of the total of the French Borrowing Base then in effect and (y)&#8239;the total French Credit Exposure
shall not exceed the total French Commitment then in effect; <U>provided</U>, <U>further</U>, that no French Protective Advance shall
be made if after giving effect thereto, any Lender&rsquo;s French Credit Exposure shall exceed such Lender&rsquo;s French Commitment,
(iv)&#8239;(x)&#8239;the aggregate Dollar Equivalent of outstanding German Protective Advances, when aggregated with the aggregate principal
amount of outstanding German Overadvances, shall not at any time exceed 10% of the total of the German Borrowing Base then in effect and
(y)&#8239;the total European Credit Exposure shall not exceed the total European Commitment then in effect; <U>provided</U>, <U>further</U>,
that no German Protective Advance shall be made if after giving effect thereto, any Lender&rsquo;s European Credit Exposure shall exceed
such Lender&rsquo;s European Commitment, (v)&#8239;(x)&#8239;the aggregate Dollar Equivalent of outstanding Hong Kong Protective Advances,
when aggregated with the aggregate principal amount of outstanding Hong Kong Overadvances, shall not at any time exceed 10% of the total
Hong Kong Borrowing Base then in effect and (y)&#8239;the total Hong Kong Credit Exposure shall not exceed the total Hong Kong Commitment
then in effect; <U>provided</U>, <U>further</U>, that no Hong Kong Protective Advance shall be made if after giving effect thereto, any
Lender&rsquo;s Hong Kong Credit Exposure shall exceed such Lender&rsquo;s Hong Kong Commitment, (vi)&#8239;(x)&#8239;the aggregate Dollar
Equivalent of outstanding Swiss Protective Advances, when aggregated with the aggregate principal amount of outstanding Swiss Overadvances,
shall not at any time exceed 10% of the total of the Swiss Borrowing Base then in effect and (y)&#8239;the total European Credit Exposure
shall not exceed the total European Commitment then in effect; <U>provided</U>, <U>further</U>, that no Swiss Protective Advance shall
be made if after giving effect thereto, any Lender&rsquo;s European Credit Exposure shall exceed such Lender&rsquo;s European Commitment,
(vii)&#8239;(x)&#8239;the aggregate Dollar Equivalent of outstanding UK Protective Advances, when aggregated with the aggregate principal
amount of outstanding UK Overadvances, shall not at any time exceed 10% of the total UK Borrowing Base then in effect and (y)&#8239;the
total European Credit Exposure shall not exceed the total European Commitment then in effect; <U>provided</U>, <U>further</U>, that no
UK Protective Advance shall be made if after giving effect thereto, any Lender&rsquo;s European Credit Exposure shall exceed such Lender&rsquo;s
European Commitment and (viii)&#8239;the aggregate Dollar Equivalent of outstanding Protective Advances, when aggregate with the aggregate
principal amount of outstanding Overadvances, shall not exceed (x)&#8239;10% of the Aggregate Borrowing Base and (y)&#8239;the aggregate
Credit Exposure shall not exceed the aggregate Commitments. Protective Advances may be made even if the conditions precedent set forth
in Section&#8239;4.02 have not been satisfied. All Protective Advances shall be ABR Borrowings (in the case of Dollar denominated amounts
under the U.S. Facility), Canadian Prime Rate Borrowings (in the case of Canadian Dollar denominated amounts), RFR Borrowings (in the
case of Pounds Sterling denominated amounts) or Term Benchmark Borrowings (in the case of amounts denominated in Euros, Hong Kong Dollars
or Dollars (other than in respect of the U.S. Facility)). The Administrative Agent&rsquo;s authorization to make Protective Advances may
be revoked at any time by the Required Lenders. Any such revocation must be in writing and shall become effective prospectively upon the
Administrative Agent&rsquo;s receipt thereof. At any time that the making of such U.S. Revolving Loan would not violate the Revolving
Exposure Limitations and the conditions precedent set forth in Section&#8239;4.02 have been satisfied, the Administrative Agent may request
the U.S. Revolving Lenders to make a U.S. Revolving Loan in Dollars to repay a U.S. Protective Advance. At any other time the Administrative
Agent may require the U.S. Revolving Lenders to fund in Dollars their risk participations described in Section&#8239;2.04(b). At any time
that the making of such Canadian Revolving Loan would not violate the Revolving Exposure Limitations and the conditions precedent set
forth in Section&#8239;4.02 have been satisfied, the Administrative Agent may request the Canadian Revolving Lenders to make a Canadian
Revolving Loan in Canadian Dollars to repay such Canadian Protective Advance. At any other time the Administrative Agent may require the
Canadian Revolving Lenders to fund their risk participations described in Section&#8239;2.04(b). At any time that the making of such French
Revolving Loan would not violate the Revolving Exposure Limitations and the conditions precedent set forth in Section&#8239;4.02 have been
satisfied, the Administrative Agent may request the French Revolving Lenders to make a French Revolving Loan to the French Borrowers in
the currency in which any French Protective Advance is denominated to repay such French Protective Advance. At any other time the Administrative
Agent may require the French Revolving Lenders to fund their risk participations described in Section&#8239;2.04(b)&#8239;in any French
Protective Advance in the currency in which such French Protective Advance is denominated. At any time that the making of such German
Revolving Loan would not violate the Revolving Exposure Limitations and the conditions precedent set forth in Section&#8239;4.02 have been
satisfied, the Administrative Agent may request the European Revolving Lenders to make a German Revolving Loan to the German Borrowers
in the currency in which any German Protective Advance is denominated to repay such German Protective Advance. At any other time the Administrative
Agent may require the European Revolving Lenders to fund their risk participations described in Section&#8239;2.04(b)&#8239;in any German
Protective Advance in the currency in which such German Protective Advance is denominated. At any time that the making of such Hong Kong
Revolving Loan would not violate the Revolving Exposure Limitations and the conditions precedent set forth in Section&#8239;4.02 have been
satisfied, the Administrative Agent may request the Hong Kong Revolving Lenders to make a Hong Kong Revolving Loan to the Hong Kong Borrowers
in the currency in which any Hong Kong Protective Advance is denominated to repay such Hong Kong Protective Advance. At any other time
the Administrative Agent may require the Hong Kong Revolving Lenders to fund their risk participations described in Section&#8239;2.04(b)&#8239;in
any Hong Kong Protective Advance in the currency in which such Hong Kong Protective Advance is denominated. At any time that the making
of such Swiss Revolving Loan would not violate the Revolving Exposure Limitations and the conditions precedent set forth in Section&#8239;4.02
have been satisfied, the Administrative Agent may request the European Revolving Lenders to make a Swiss Revolving Loan to the Swiss Borrowers
in the currency in which any Swiss Protective Advance is denominated to repay such Swiss Protective Advance. At any other time the Administrative
Agent may require the European Revolving Lenders to fund their risk participations described in Section&#8239;2.04(b)&#8239;in any Swiss
Protective Advance in the currency in which such Swiss Protective Advance is denominated. At any time that the making of such UK Revolving
Loan would not violate the Revolving Exposure Limitations and the conditions precedent set forth in Section&#8239;4.02 have been satisfied,
the Administrative Agent may request the European Revolving Lenders to make a UK Revolving Loan to the UK Borrowers in the currency in
which any UK Protective Advance is denominated to repay such UK Protective Advance. At any other time the Administrative Agent may require
the European Revolving Lenders to fund their risk participations described in Section&#8239;2.04(b)&#8239;in any UK Protective Advance in
the currency in which such UK Protective Advance is denominated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Administrative Agent may by notice given not later than 12:00 p.m., New York City time, on any Business Day require the U.S. Revolving
Lenders to acquire participations on such Business Day in all or a portion of any U.S. Protective Advance outstanding. The Administrative
Agent may by notice given not later than 12:00 p.m., Toronto time, on any Business Day require the Canadian Revolving Lenders to acquire
participations on such Business Day in all or a portion of any Canadian Protective Advance outstanding. The Administrative Agent may by
notice given not later than 12:00 p.m., London time, on any Business Day require the French Revolving Lenders to acquire participations
on such Business Day in all or a portion of any French Protective Advance outstanding. The Administrative Agent may by notice given not
later than 12:00 p.m., London time, on any Business Day require the European Revolving Lenders to acquire participations on such Business
Day in all or a portion of any German Protective Advance outstanding. The Administrative Agent may by notice given not later than 12:00
p.m., London time, on any Business Day require the Hong Kong Revolving Lenders to acquire participations on such Business Day in all or
a portion of any Hong Kong Protective Advance outstanding. The Administrative Agent may by notice given not later than 12:00 p.m., London
time, on any Business Day require the European Revolving Lenders to acquire participations on such Business Day in all or a portion of
any Swiss Protective Advance outstanding. The Administrative Agent may by notice given not later than 12:00 p.m., London time, on any
Business Day require the European Revolving Lenders to acquire participations on such Business Day in all or a portion of any UK Protective
Advance outstanding. Each such notice shall specify the aggregate principal amount of the Protective Advance in which the Lenders will
be required to participate, the currency thereof and each Lender&rsquo;s Applicable Percentage of such Protective Advance. Each Lender
hereby absolutely and unconditionally agrees to pay, upon receipt of notice as provided above, to the Administrative Agent such Lender&rsquo;s
Applicable Percentage of each such Protective Advance. Each Lender acknowledges and agrees that its obligation to acquire participations
in Protective Advances pursuant to this paragraph is absolute and unconditional and shall not be affected by any circumstance whatsoever,
including nonsatisfaction of any of the conditions precedent set forth in Section&#8239;4.02, the occurrence and continuance of a Default
or any reduction or termination of the Revolving Commitments, and that each such payment shall be made without any offset, abatement,
withholding or reduction whatsoever. Each Lender shall comply with its obligation under this paragraph by wire transfer of immediately
available funds, in the same manner as provided in Section&#8239;2.07 with respect to Revolving Loans made by such Lender (and Section&#8239;2.07
shall apply, <I>mutatis mutandis</I>, to the payment obligations of the Lenders pursuant to this paragraph). From and after the date,
if any, on which any Lender has paid in full for its participation in any Protective Advance purchased hereunder, the Administrative Agent
shall promptly distribute to such Lender its Applicable Percentage of all payments of principal and interest and all proceeds of Collateral
received by the Administrative Agent in respect of such Protective Advance; <U>provided</U> that any such payment or proceeds so distributed
shall be repaid to the Administrative Agent if and to the extent such payment or proceeds is required to be refunded to the applicable
Borrower(s)&#8239;for any reason. The purchase of participations in any Protective Advance pursuant to this paragraph shall not constitute
a Loan and shall not relieve the Borrowers of their respective obligations to repay such Protective Advance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;2.05&#8239;&#8239;&#8239;&#8239;&#8239;<U>Swingline
Loans and Overadvances</U><FONT STYLE="">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Subject
to the terms and conditions set forth herein, from time to time during the Availability Period, the French Swingline Lender may, but shall
have no obligation to make French Swingline Loans to the French Borrowers in an aggregate principal amount at any time outstanding that
will not result in (i)&#8239;the Dollar Equivalent of the aggregate principal amount of outstanding French Swingline Loans exceeding $1,000,000,
(ii)&#8239;the French Swingline Lender&rsquo;s French Revolving Exposure exceeding its French Commitment, or (iii)&#8239;the French Revolving
Exposure exceeding the French Line Cap; <U>provided</U> that the French Swingline Lender shall not be required to make a French Swingline
Loan to refinance an outstanding French Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth
herein, the French Borrowers may borrow, prepay and reborrow French Swingline Loans. To request a French Swingline Loan, the Borrower
Representative shall notify the Administrative Agent of such request in writing (delivered by hand or fax) or through Electronic System
if arrangements for doing so have been approved by the Administrative Agent (or if an Extenuating Circumstance shall exist, by telephone)
not later than 11:00 a.m., London time, on the day of a proposed French Swingline Loan. Each such notice shall be irrevocable and shall
specify the requested date (which shall be a Business Day), currency (which shall be Dollars or Euros) and amount of the requested French
Swingline Loan. Each such telephonic Borrowing Request, if permitted, shall be confirmed immediately upon the cessation of the Extenuating
Circumstance by hand delivery, facsimile or a communication through Electronic System to the Administrative Agent of a written Borrowing
Request in a form approved by the Administrative Agent and signed by a Responsible Officer of the Borrower Representative. The Administrative
Agent will promptly advise the French Swingline Lender of any such notice received from the Borrower Representative. The French Swingline
Lender shall make each French Swingline Loan available to the French Borrowers by means of a credit to the Funding Account(s)&#8239;(or,
in the case of a French Swingline Loan made to finance the reimbursement of an LC Disbursement as provided in Section&#8239;2.06(e), by
remittance to the applicable Issuing Bank, and in the case of repayment of another Loan or fees or expenses as provided by Section&#8239;2.18(c),
by remittance to the Administrative Agent to be distributed to the Lenders) by the Applicable Time specified by the Administrative Agent,
on the requested date of such Swingline Loan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Subject
to the terms and conditions set forth herein, from time to time during the Availability Period, the European Swingline Lender may, but
shall have no obligation to make European Swingline Loans to the European Borrowers in an aggregate principal amount at any time outstanding
that will not result in (i)&#8239;the Dollar Equivalent of the aggregate principal amount of outstanding European Swingline Loans exceeding
$7,000,000, (ii)&#8239;the European Swingline Lender&rsquo;s European Revolving Exposure exceeding its European Commitment, or (iii)&#8239;the
European Revolving Exposure exceeding the European Line Cap; <U>provided</U> that the European Swingline Lender shall not be required
to make a European Swingline Loan to refinance an outstanding European Swingline Loan. Within the foregoing limits and subject to the
terms and conditions set forth herein, the European Borrowers may borrow, prepay and reborrow European Swingline Loans. To request a European
Swingline Loan, the Borrower Representative shall notify the Administrative Agent of such request in writing (delivered by hand or fax)
or through Electronic System if arrangements for doing so have been approved by the Administrative Agent (or if an Extenuating Circumstance
shall exist, by telephone) not later than 11:00 a.m., London time, on the day of a proposed European Swingline Loan. Each such notice
shall be irrevocable and shall specify the requested date (which shall be a Business Day), currency (which shall be Dollars, Euros or
Pounds Sterling) and amount of the requested European Swingline Loan. Each such telephonic Borrowing Request, if permitted, shall be confirmed
immediately upon the cessation of the Extenuating Circumstance by hand delivery, facsimile or a communication through Electronic System
to the Administrative Agent of a written Borrowing Request in a form approved by the Administrative Agent and signed by a Responsible
Officer of the Borrower Representative. The Administrative Agent will promptly advise the European Swingline Lender of any such notice
received from the Borrower Representative. The European Swingline Lender shall make each European Swingline Loan available to the relevant
European Borrower by means of a credit to the Funding Account(s)&#8239;(or, in the case of a European Swingline Loan made to finance the
reimbursement of an LC Disbursement as provided in Section&#8239;2.06(e), by remittance to the applicable Issuing Bank, and in the case
of repayment of another Loan or fees or expenses as provided by Section&#8239;2.18(c), by remittance to the Administrative Agent to be
distributed to the Lenders) by the Applicable Time specified by the Administrative Agent, on the requested date of such Swingline Loan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Upon
the making of a French Swingline Loan or a French Overadvance (whether before or after the occurrence of a Default and regardless of whether
a Settlement has been requested with respect to such French Swingline Loan or French Overadvance), each French Revolving Lender shall
be deemed, without further action by any party hereto, to have unconditionally and irrevocably purchased from the French Swingline Lender,
without recourse or warranty, an undivided interest and participation in such French Swingline Loan or French Overadvance in proportion
to its Applicable Percentage of the French Revolving Commitment. The French Swingline Lender may, at any time, require the French Revolving
Lenders to fund their participations. From and after the date, if any, on which any French Revolving Lender is required to fund its participation
in any French Swingline Loan or French Overadvance purchased hereunder, the Administrative Agent shall promptly distribute to such Lender,
such Lender&rsquo;s Applicable Percentage of all payments of principal and interest and all proceeds of French Collateral received by
the Administrative Agent in respect of such French Swingline Loan or French Overadvance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Upon
the making of a European Swingline Loan or a European Overadvance (whether before or after the occurrence of a Default and regardless
of whether a Settlement has been requested with respect to such European Swingline Loan or European Overadvance), each European Revolving
Lender shall be deemed, without further action by any party hereto, to have unconditionally and irrevocably purchased from the European
Swingline Lender, without recourse or warranty, an undivided interest and participation in such European Swingline Loan or European Overadvance
in proportion to its Applicable Percentage of the European Revolving Commitment. The European Swingline Lender may, at any time, require
the European Revolving Lenders to fund their participations. From and after the date, if any, on which any European Revolving Lender is
required to fund its participation in any European Swingline Loan or European Overadvance purchased hereunder, the Administrative Agent
shall promptly distribute to such Lender, such Lender&rsquo;s Applicable Percentage of all payments of principal and interest and all
proceeds of European Collateral received by the Administrative Agent in respect of such European Swingline Loan or European Overadvance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Administrative Agent, on behalf of the Swingline Lenders, shall request settlement (a &ldquo;<U>Settlement</U>&rdquo;) with the applicable
Revolving Lenders. Such request shall be made on at least a weekly basis or on any date that the Administrative Agent elects, by notifying
such Revolving Lenders of such requested Settlement by facsimile, telephone, or e-mail no later than 12:00 noon London Time on the date
of such requested Settlement (the &ldquo;<U>Settlement Date</U>&rdquo;). Each applicable Revolving Lender (other than the Swingline Lenders,
in the case of the Swingline Loans) shall transfer the amount of such Revolving Lender&rsquo;s Applicable Percentage of the outstanding
principal amount of the applicable Loan with respect to which Settlement is requested to the Administrative Agent, to such account of
the Administrative Agent as the Administrative Agent may designate, not later than 2:00 p.m.&#8239;London Time, on such Settlement Date.
Settlements may occur during the existence of a Default and whether or not the applicable conditions precedent set forth in Section&#8239;4.02
have then been satisfied. Such amounts transferred to the Administrative Agent shall be applied against the amounts of the applicable
Swingline Lender&rsquo;s Swingline Loans and, together with such Swingline Lender&rsquo;s Applicable Percentage of such Swingline Loan,
shall constitute Revolving Loans of such Revolving Lenders, respectively. If any such amount is not transferred to the Administrative
Agent by any Revolving Lender on such Settlement Date, the applicable Swingline Lender shall be entitled to recover from such Lender on
demand such amount, together with interest thereon, as specified in Section&#8239;2.07.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Any
provision of this Agreement to the contrary notwithstanding, at the request of the Borrower Representative, the Administrative Agent may
in its sole discretion (but shall have absolutely no obligation) make (i)&#8239;Loans to the U.S. Borrowers in Dollars on behalf of the
U.S. Revolving Lenders (each such Loan, a &ldquo;<U>U.S. Overadvance</U>&rdquo;), (ii)&#8239;Loans to the Canadian Borrowers in Canadian
Dollars on behalf of the Canadian Revolving Lenders (each such Loan, a &ldquo;<U>Canadian Overadvance</U>&rdquo;), (iii)&#8239;Loans to
the French Borrowers in Dollars or an Alternative Currency on behalf of the French Revolving Lenders (each such Loan, a &ldquo;<U>French
Overadvance</U>&rdquo;), (iv)&#8239;Loans to the German Borrowers in Dollars or an Alternative Currency on behalf of the European Revolving
Lenders (each such Loan, a &ldquo;<U>German Overadvance</U>&rdquo;), (v)&#8239;Loans to the Hong Kong Borrowers in Dollars or an Alternative
Currency on behalf of the Hong Kong Revolving Lenders (each such Loan, a &ldquo;<U>Hong Kong Overadvance</U>&rdquo;), (vi)&#8239;Loans
to the Swiss Borrowers in Dollars or an Alternative Currency on behalf of the European Revolving Lenders (each such Loan, a &ldquo;<U>Swiss
Overadvance</U>&rdquo;), and (vii)&#8239;Loans to the UK Borrowers in Dollars or an Alternative Currency on behalf of the European Revolving
Lenders (each such Loan, a &ldquo;<U>UK Overadvance</U>&rdquo; and, together with the German Overadvance and the Swiss Overadvance, the
 &ldquo;<U>European Overadvance</U>&rdquo;); <U>provided</U> that (1)&#8239;(x)&#8239;the aggregate principal amount of outstanding U.S.
Overadvances, when aggregated with the aggregate principal amount of outstanding U.S. Protective Advances, shall not at any time exceed
10% of the total U.S. Borrowing Base then in effect and (y)&#8239;the total U.S. Credit Exposure shall not exceed the total U.S. Commitment
then in effect; <U>provided</U>, <U>further</U>, that no U.S. Overadvance shall be made if after giving effect thereto, any Lender&rsquo;s
U.S. Credit Exposure shall exceed such Lender&rsquo;s U.S. Commitment, (2)&#8239;(x)&#8239;the aggregate Dollar Equivalent of outstanding
Canadian Overadvances, when aggregated with the aggregate principal amount of outstanding Canadian Protective Advances, shall not at any
time exceed 10% of the total Canadian Borrowing Base then in effect and (y)&#8239;the total Canadian Credit Exposure shall not exceed the
total Canadian Commitment then in effect; <U>provided</U>, <U>further</U>, that no Canadian Overadvance shall be made if after giving
effect thereto, any Lender&rsquo;s Canadian Credit Exposure shall exceed such Lender&rsquo;s Canadian Commitment, (3)&#8239;(x)&#8239;the
aggregate Dollar Equivalent of outstanding French Overadvances, when aggregated with the aggregate principal amount of outstanding French
Protective Advances, shall not at any time exceed 10% of the total of the French Borrowing Base then in effect and (y)&#8239;the total
French Credit Exposure shall not exceed the total French Commitment then in effect; <U>provided</U>, <U>further</U>, that no French Overadvance
shall be made if after giving effect thereto, any Lender&rsquo;s French Credit Exposure shall exceed such Lender&rsquo;s French Commitment,
(4)&#8239;(x)&#8239;the aggregate Dollar Equivalent of outstanding German Overadvances, when aggregated with the aggregate principal amount
of outstanding German Protective Advances, shall not at any time exceed 10% of the total of the German Borrowing Bases then in effect
and (y)&#8239;the total European Credit Exposure shall not exceed the total European Commitment then in effect; <U>provided</U>, <U>further</U>,
that no German Overadvance shall be made if after giving effect thereto, any Lender&rsquo;s European Credit Exposure shall exceed such
Lender&rsquo;s European Commitment, (5)&#8239;(x)&#8239;the aggregate Dollar Equivalent of outstanding Hong Kong Overadvances, when aggregated
with the aggregate principal amount of outstanding Hong Kong Protective Advances, shall not at any time exceed 10% of the total Hong Kong
Borrowing Base then in effect and (y)&#8239;the total Hong Kong Credit Exposure shall not exceed the total Hong Kong Commitment then in
effect; <U>provided</U>, <U>further</U>, that no Hong Kong Overadvance shall be made if after giving effect thereto, any Lender&rsquo;s
Hong Kong Credit Exposure shall exceed such Lender&rsquo;s Hong Kong Commitment, (6)&#8239;(x)&#8239;the aggregate Dollar Equivalent of
outstanding Swiss Overadvances, when aggregated with the aggregate principal amount of outstanding Swiss Protective Advances, shall not
at any time exceed 10% of the total of the Swiss Borrowing Base then in effect and (y)&#8239;the total European Credit Exposure shall not
exceed the total European Commitment then in effect; <U>provided</U>, <U>further</U>, that no Swiss Overadvance shall be made if after
giving effect thereto, any Lender&rsquo;s European Credit Exposure shall exceed such Lender&rsquo;s European Commitment, (7)&#8239;(x)&#8239;the
aggregate Dollar Equivalent of outstanding UK Overadvances, when aggregated with the aggregate principal amount of outstanding UK Protective
Advances, shall not at any time exceed 10% of the total UK Borrowing Base then in effect and (y)&#8239;the total European Credit Exposure
shall not exceed the total European Commitment then in effect; <U>provided</U>, <U>further</U>, that no UK Overadvance shall be made if
after giving effect thereto, any Lender&rsquo;s European Credit Exposure shall exceed such Lender&rsquo;s European Commitment and (8)&#8239;the
aggregate Dollar Equivalent of outstanding Overadvances, when aggregate with the aggregate principal amount of outstanding Protective
Advances, shall not exceed (x)&#8239;10% of the Aggregate Borrowing Base and (y)&#8239;the aggregate Credit Exposure shall not exceed the
aggregate Commitments. Overadvances may be made even if the conditions precedent set forth in Section&#8239;4.02 have not been satisfied.
(A)&#8239;All U.S. Overadvances shall be ABR Borrowings, (B)&#8239;all Canadian Overadvances shall be Canadian Prime Rate Loans, (C)&#8239;all
French Overadvances, German Overadvances, Hong Kong Overadvances, Swiss Overadvances and UK Overadvances denominated in Dollars, Euros
or Hong Kong Dollars, as applicable, shall be Term Benchmark Loans for the applicable Agreed Currency and (D)&#8239;all German Overadvances,
Swiss Overadvances and UK Overadvances denominated in Pounds Sterling shall be RFR Loans. The applicable Borrowers shall be required to
repay each Overadvance no later than the 30th day after the date of the making thereof. The Administrative Agent&rsquo;s authorization
to make Overadvances may be revoked at any time by the Required Lenders. Any such revocation must be in writing and shall become effective
prospectively upon the Administrative Agent&rsquo;s receipt thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Upon
the making of an Overadvance by the Administrative Agent, each applicable Revolving Lender shall be deemed, without further action by
any party hereto, to have unconditionally and irrevocably purchased from the Administrative Agent, without recourse or warranty, an undivided
interest and participation in such Overadvance in proportion to its Applicable Percentage of the applicable Revolving Commitment. The
Administrative Agent may, at any time, require the applicable Revolving Lenders to fund their participations. From and after the date,
if any, on which any Revolving Lender is required to fund its participation in any Overadvance purchased hereunder, the Administrative
Agent shall promptly distribute to such Lender, such Lender&rsquo;s Applicable Percentage of all payments of principal and interest and
all proceeds of Collateral received by the Administrative Agent in respect of such Loan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;2.06&#8239;&#8239;&#8239;&#8239;&#8239;<U>Letters
of Credit</U><FONT STYLE="">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>General</U>.
Subject to the terms and conditions set forth herein, the Borrower Representative may request the issuance of Letters of Credit denominated
in Dollars or an Alternative Currency for the account of a U.S. Borrower, in a form reasonably acceptable to the Administrative Agent
and the applicable Issuing Bank, at any time and from time to time during the Availability Period. In the event of any inconsistency between
the terms and conditions of this Agreement and the terms and conditions of any Letter of Credit Agreement, the terms and conditions of
this Agreement shall control. For the avoidance of doubt, subject to Section&#8239;2.06(n), any Letter of Credit hereunder for the account
of a U.S. Borrower may be for the benefit of a Restricted Subsidiary of such Borrower whether or not a Borrower. Notwithstanding anything
herein to the contrary, no Issuing Bank shall have an obligation hereunder to issue, and shall not issue, any Letter of Credit (i)&#8239;the
proceeds of which would be made available to any Person (A)&#8239;to fund any activity or business of or with any Sanctioned Person, or
in any country or territory that, at the time of such funding, is the subject of any Sanctions or (B)&#8239;in any manner that would result
in a violation of any applicable Sanctions by any party to this Agreement, (ii)&#8239;if any order, judgment or decree of any Governmental
Authority or arbitrator shall by its terms purport to enjoin or restrain such Issuing Bank from issuing such Letter of Credit, or any
Requirement of Law relating to such Issuing Bank or any request or directive (whether or not having the force of law) from any Governmental
Authority with jurisdiction over such Issuing Bank shall prohibit, or request that such Issuing Bank refrain from, the issuance of letters
of credit generally or such Letter of Credit in particular or shall impose upon such Issuing Bank with respect to such Letter of Credit
any restriction, reserve or capital requirement (for which such Issuing Bank is not otherwise compensated hereunder) not in effect on
the Effective Date, or shall impose upon the Issuing Bank any unreimbursed loss, cost or expense which was not applicable on the Effective
Date and which such Issuing Bank in good faith deems material to it, or (iii)&#8239;if the issuance of such Letter of Credit would violate
one or more policies of such Issuing Bank applicable to letters of credit generally; <U>provided</U> that, notwithstanding anything herein
to the contrary, (x)&#8239;the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines, requirements
or directives thereunder or issued in connection therewith or in the implementation thereof, and (y)&#8239;all requests, rules, guidelines,
requirements or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor
or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be
deemed not to be in effect on the Effective Date for purposes of clause (ii)&#8239;above, regardless of the date enacted, adopted, issued
or implemented<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>; provided, further, that there shall not be more than a total
of twenty (20) Letters of Credit issued and outstanding at any time</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Notice
of Issuance, Amendment, Renewal, Extension; Certain Conditions</U>. To request the issuance of a Letter of Credit or the amendment, renewal
or extension of an outstanding Letter of Credit (other than an automatic renewal permitted pursuant to paragraph (c)&#8239;of this Section),
the Borrower Representative shall deliver by hand or electronic transmission (or transmit through Electronic System, if arrangements for
doing so have been approved by the Issuing Bank) to the applicable Issuing Bank and the Administrative Agent (reasonably in advance of
the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit (together with
a copy of the agreed form Letter of Credit), or identifying the Letter of Credit to be amended, renewed or extended, specifying the Borrower(s)&#8239;or
Restricted Subsidiary for whose account such Letter of Credit is to be issued, and specifying the date of issuance, amendment, renewal
or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph
(c)&#8239;of this Section), the amount of such Letter of Credit, the currency in which such Letter of Credit will be denominated (which
shall be Dollars, Canadian Dollars, Euros, Pounds Sterling or Hong Kong Dollars), the name and address of the beneficiary thereof and
such other information as shall be necessary to prepare, amend, renew or extend such Letter of Credit. In addition, as a condition to
any such Letter of Credit issuance, the Borrower Representative shall have entered into a continuing agreement (or other letter of credit
agreement) for the issuance of letters of credit and/or shall submit a letter of credit application in each case, as required by the applicable
Issuing Bank and using such bank&rsquo;s standard form (each, a &ldquo;<U>Letter of Credit Agreement</U>&rdquo;). A Letter of Credit shall
be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrowers
shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension, (i)&#8239;the total
LC Exposure shall not exceed $45,000,000, (ii)&#8239;with respect to the applicable Issuing Bank, the stated amount of all outstanding
Letters of Credit issued by such Issuing Bank shall not exceed the applicable LC Commitment of such Issuing Bank then in effect and (iii)&#8239;the
Revolving Exposure Limitations shall be complied with.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Expiration
Date</U>. Each Letter of Credit shall expire at or prior to the close of business on the earlier of (i)&#8239;the date one year after the
date of the issuance of such Letter of Credit (or, in the case of any renewal or extension thereof, one year after such renewal or extension)
and (ii)&#8239;the date that is five Business Days prior to the Scheduled Maturity Date. Any Letter of Credit may provide by its terms
that it may be automatically extended for additional successive one year periods on terms reasonably acceptable to the applicable Issuing
Bank. Any Letter of Credit providing for automatic extension shall be extended upon the then current expiration date without any further
action by any Person unless the applicable Issuing Bank shall have given notice to the applicable beneficiary (with a copy to the applicable
Borrower) of the election by such Issuing Bank not to extend such Letter of Credit, such notice to be given not fewer than 30 days prior
to the then current expiration date of such Letter of Credit; <U>provided</U> that no Letter of Credit may be extended automatically or
otherwise beyond the date that is five Business Days prior to the Scheduled Maturity Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Participations</U>.
By the issuance of a Letter of Credit (or an amendment to a Letter of Credit increasing the amount thereof) and without any further action
on the part of the applicable Issuing Bank or the U.S. Revolving Lenders, such Issuing Bank hereby grants to each U.S. Revolving Lender,
and each U.S. Revolving Lender hereby acquires from such Issuing Bank, a participation in such Letter of Credit equal to such U.S. Revolving
Lender&rsquo;s Applicable Percentage of the aggregate amount available to be drawn under such Letter of Credit. In consideration and in
furtherance of the foregoing, each U.S. Revolving Lender hereby absolutely and unconditionally agrees to pay, in Dollars, to the Administrative
Agent, for the account of the applicable Issuing Bank, such U.S. Revolving Lender&rsquo;s Applicable Percentage of the Dollar Equivalent
of each LC Disbursement made by such Issuing Bank and not reimbursed by the U.S. Borrowers on the date due as provided in paragraph (e)&#8239;of
this Section, or of any reimbursement payment required to be refunded to the U.S. Borrowers for any reason. Each Lender acknowledges and
agrees that its obligation to acquire participations pursuant to this paragraph in respect of Letters of Credit is absolute and unconditional
and shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension of any Letter of Credit or the
occurrence and continuance of a Default, reduction or termination of the Revolving Commitments or any <I>force majeure</I> or other event
that under any rule&#8239;of law or uniform practices to which any Letter of Credit is subject (including Section&#8239;3.14 of ISP 98 or
any successor publication of the International Chamber of Commerce) permits a drawing to be made under such Letter of Credit after the
expiration thereof or of the Revolving Commitments, and that each such payment shall be made without any offset, abatement, withholding
or reduction whatsoever.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Reimbursement</U>.
If any Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, the U.S. Borrowers shall, following notice of such
LC Disbursement to the Borrower Representative, reimburse such LC Disbursement by paying to the Administrative Agent, in the currency
of the Letter of Credit to which such LC Disbursement relates, an amount equal to such LC Disbursement not later than 2:00 p.m., New York
City time, on the date that such LC Disbursement is made, if the Borrower Representative shall have received notice of such LC Disbursement
prior to 10:00 a.m., New York City time, on such date, or, if such notice has not been received by the Borrower Representative prior to
such time on such date, then not later than 2:00 p.m., New York City time, on (i)&#8239;the Business Day that the Borrower Representative
receives such notice, if such notice is received prior to 10:00 a.m., New York City time, on the day of receipt, or (ii)&#8239;the Business
Day immediately following the Business Day that the Borrower Representative receives such notice, if such notice is not received prior
to such time on the day of receipt; <U>provided</U> that the U.S. Borrowers may, subject to the conditions to borrowing set forth herein,
request in accordance with Section&#8239;2.03 that such payment be financed with an ABR Revolving Borrowing in an equivalent amount and,
to the extent so financed, the U.S. Borrowers&rsquo; obligation to make such payment shall be discharged and replaced by the resulting
ABR Revolving Borrowing. If the U.S. Borrowers fail to make such payment when due, the Administrative Agent shall notify each applicable
U.S. Revolving Lender of the Dollar Equivalent of the applicable LC Disbursement, the payment then due from the applicable U.S. Borrower
in respect thereof and such U.S. Revolving Lender&rsquo;s Applicable Percentage thereof. Promptly following receipt of such notice, each
applicable U.S. Revolving Lender shall pay to the Administrative Agent in Dollars its Applicable Percentage of the payment then due from
the applicable U.S. Borrower, in the same manner as provided in Section&#8239;2.07 with respect to Loans made by such Lender (and Section&#8239;2.07
shall apply, <I>mutatis mutandis</I>, to the payment obligations of the Lenders), and the Administrative Agent shall promptly pay to such
Issuing Bank the amounts so received by it from the applicable U.S. Revolving Lenders. Promptly following receipt by the Administrative
Agent of any payment from the U.S. Borrowers pursuant to this paragraph, the Administrative Agent shall distribute such payment to the
applicable Issuing Bank or, to the extent that any U.S. Revolving Lender has made payments pursuant to this paragraph to reimburse such
Issuing Bank, then to each such U.S. Revolving Lender and such Issuing Bank as their interests may appear. Any payment made by a U.S.
Revolving Lender pursuant to this paragraph to reimburse an. Issuing Bank for any LC Disbursement (other than the funding of ABR Revolving
Loans as contemplated above) shall not constitute a Loan and shall not relieve the applicable U.S. Borrower of its obligation to reimburse
such LC Disbursement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Obligations
Absolute</U>. The U.S. Borrowers&rsquo; obligations to reimburse LC Disbursements as provided in paragraph (e)&#8239;of this Section&#8239;are
absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement under any and
all circumstances whatsoever and irrespective of (i)&#8239;any lack of validity or enforceability of any Letter of Credit, any Letter of
Credit Agreement or this Agreement, or any term or provision therein, (ii)&#8239;any draft or other document presented under a Letter of
Credit proving to be forged, fraudulent or invalid in any respect or any statement therein being untrue or inaccurate in any respect,
(iii)&#8239;payment by any Issuing Bank under a Letter of Credit against presentation of a draft or other document that does not substantially
comply with the terms of such Letter of Credit, (iv)&#8239;any <I>force majeure</I> or other event that under any rule&#8239;of law or uniform
practices to which any Letter of Credit is subject (including Section&#8239;3.14 of ISP 98 or any successor publication of the International
Chamber of Commerce) permits a drawing to be made under such Letter of Credit after the stated expiration date thereof or of the Revolving
Commitments or (v)&#8239;any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for
the provisions of this paragraph, constitute a legal or equitable discharge of, or provide a right of setoff against, the Borrowers&rsquo;
obligations hereunder. No Lender Party, nor any of their Related Parties, shall have any liability or responsibility by reason of or in
connection with the issuance or transfer of any Letter of Credit or any payment or failure to make any payment thereunder (irrespective
of any of the circumstances referred to in the preceding sentence), or any error, omission, interruption, loss or delay in transmission
or delivery of any draft, notice or other communication under or relating to any Letter of Credit (including any document required to
make a drawing thereunder), any error in interpretation of technical terms or any other act, failure to act or other event or circumstance;
<U>provided</U> that the foregoing shall not be construed to excuse any Issuing Bank from liability to the applicable Borrower(s)&#8239;to
the extent of any direct damages (as opposed to special, indirect, consequential or punitive damages, claims in respect of which are hereby
waived by the Borrowers to the extent permitted by applicable law) suffered by such Borrower(s)&#8239;that are caused by such Issuing Bank&rsquo;s
failure to exercise care when determining whether drafts and other documents presented under a Letter of Credit comply with the terms
thereof. The parties hereto expressly agree that, in the absence of bad faith, gross negligence or willful misconduct on the part of an
Issuing Bank (with such absence to be presumed unless otherwise determined by a court of competent jurisdiction in a final and nonappealable
judgment), such Issuing Bank shall be deemed to have exercised care in each such determination. In furtherance of the foregoing and without
limiting the generality thereof, the parties agree that, with respect to documents presented which appear on their face to be in substantial
compliance with the terms of a Letter of Credit, an Issuing Bank may, in its sole discretion, either accept and make payment upon such
documents without responsibility for further investigation, regardless of any notice or information to the contrary, or refuse to accept
and make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Disbursement
Procedures</U>. Each Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand
for payment under a Letter of Credit. Each Issuing Bank shall promptly notify the Administrative Agent and the Borrower Representative
by telephone (confirmed by fax or through Electronic Systems) of such demand for payment and whether such Issuing Bank has made or will
make an LC Disbursement thereunder; <U>provided</U> that any failure to give or delay in giving such notice shall not relieve the Borrowers
of their obligation to reimburse such Issuing Bank and the applicable Revolving Lenders with respect to any such LC Disbursement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Interim
Interest</U>. If any Issuing Bank shall make any LC Disbursement, then, unless the U.S. Borrowers shall reimburse such LC Disbursement
in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, in the currency of the Letter of Credit
to which such LC Disbursement relates, for each day from and including the date such LC Disbursement is made to but excluding the date
that the U.S. Borrowers reimburse such LC Disbursement in full, at the rate per annum then applicable to Canadian Prime Rate Revolving
Loans (if the LC Disbursement is in Canadian Dollars), ABR Revolving Loans (if the LC Disbursement is in Dollars), HIBOR Rate Loans (if
the LC Disbursement is in Hong Kong Dollars), Adjusted EURIBOR Rate Loans (if the LC Disbursement is in Euros) or RFR Loans (if the LC
Disbursement is in Pounds Sterling); <U>provided</U> that, if the U.S. Borrowers fail to reimburse such LC Disbursement when due pursuant
to paragraph (e)&#8239;of this Section, then Section&#8239;2.13(h)&#8239;shall apply. Interest accrued pursuant to this paragraph shall be
paid to the Administrative Agent for the account of the applicable Issuing Bank, except that interest accrued on and after the date of
payment by any Revolving Lender pursuant to paragraph (e)&#8239;of this Section&#8239;to reimburse the Issuing Bank shall be for the account
of such Revolving Lender to the extent of such payment, and shall be payable on demand or, if no demand has been made, on the date on
which the applicable Borrower(s)&#8239;reimburse the applicable LC Disbursement in full.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Replacement
and Resignation of the Issuing Banks</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Any
Issuing Bank may be replaced at any time by written agreement among the Borrower Representative, the Administrative Agent, the replaced
Issuing Bank and the successor Issuing Bank. The Administrative Agent shall notify the Lenders of any such replacement of an Issuing Bank.
At the time any such replacement shall become effective, the U.S. Borrowers shall pay all unpaid fees accrued for the account of the replaced
Issuing Bank pursuant to Section&#8239;2.12(b). From and after the effective date of any such replacement, (i)&#8239;the successor Issuing
Bank shall have all the rights and obligations of an Issuing Bank under this Agreement with respect to Letters of Credit to be issued
thereafter and (ii)&#8239;references herein to the term &ldquo;Issuing Bank&rdquo; shall be deemed to refer to such successor or to any
previous Issuing Bank, or to such successor and all previous Issuing Banks, as the context shall require. After the replacement of an
Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations
of an Issuing Bank under this Agreement with respect to Letters of Credit issued by it prior to such replacement, but shall not be required
to issue additional Letters of Credit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Subject
to the appointment and acceptance of a successor Issuing Bank, an Issuing Bank may resign as an Issuing Bank at any time upon thirty days&rsquo;
prior written notice to the Administrative Agent, the Borrower Representative and the Lenders, in which case, such resigning Issuing Bank
shall be replaced in accordance with clause (i)&#8239;of Section&#8239;2.06(i)&#8239;above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(j)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Cash
Collateralization</U>. If any Event of Default shall occur and be continuing, on the Business Day that the Borrower Representative receives
notice from the Administrative Agent or the Required Lenders demanding the deposit of cash collateral pursuant to this paragraph, (i)&#8239;the
U.S. Borrowers shall deposit in an account with the Administrative Agent, in the name of the Administrative Agent and for the benefit
of the applicable Revolving Lenders (the &ldquo;<U>LC Collateral Account</U>&rdquo;), an amount in cash in the currencies in which such
LC Exposure is denominated equal to 103% of the LC Exposure in respect of Letters of Credit issued for the account of the U.S. Borrowers
and their Restricted Subsidiaries as of such date <I>plus</I> accrued and unpaid interest thereon; <U>provided</U> that the obligations
to deposit such cash collateral shall become effective immediately, and such deposit shall become immediately due and payable, without
demand or other notice of any kind, upon the occurrence of any Event of Default with respect to the Company or other applicable Borrower
described in clause (h), (i)&#8239;or (j)&#8239;of Article&#8239;VII. Such deposits shall be held by the Administrative Agent as collateral
for the payment and performance of the U.S. Obligations arising from LC Exposure in respect of Letters of Credit issued for the account
of the U.S. Borrowers and their Restricted Subsidiaries as further set forth in the applicable Collateral Documents. The Administrative
Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over the LC Collateral Account. Other than
any interest earned on the investment of such deposits, which investments shall be made at the option and sole discretion of the Administrative
Agent and at the U.S. Borrowers&rsquo; risk and expense, such deposits shall not bear interest. Interest or profits, if any, on such investments
shall accumulate in the LC Collateral Account. Moneys in the LC Collateral Account shall, notwithstanding anything to the contrary herein
or in the Collateral Documents, be applied by the Administrative Agent to reimburse the applicable Issuing Banks for LC Disbursements
for which they have not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations
of the U.S. Borrowers for the LC Exposure in respect of Letters of Credit issued at such time or, if the maturity of the Loans has been
accelerated (but subject to the consent of Required Lenders), be applied to satisfy the U.S. Secured Obligations, be applied to satisfy
other Secured Obligations (but subject to, in the case of any such application at a time when any Lender is a Defaulting Lender (but only
if, after giving effect thereto, the remaining cash collateral shall be less than the aggregate LC Exposure of all the Defaulting Lenders
that has not been reallocated to non-Defaulting Lenders pursuant to Section&#8239;2.20), the consent of each Issuing Bank). If any Borrower
is required to provide an amount of cash collateral hereunder as a result of the occurrence of an Event of Default, such amount (to the
extent not applied as aforesaid) shall be returned to such Borrower within three Business Days after all Events of Default have been cured
or waived.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(k)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Existing
Letters of Credit</U>. Each Existing Letter of Credit shall be deemed to be a Letter of Credit issued for the account of the U.S. Borrowers
on the Effective Date for all purposes hereof and of the other Loan Documents (whether or not a U.S. Borrower was the applicant with respect
thereto or otherwise responsible for reimbursement obligations with respect thereto prior to the Effective Date), and no issuance or similar
fees (as distinguished from ongoing participation or fronting fees) will be required in connection with the deemed issuance of the Existing
Letters of Credit on the Effective Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(l)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Issuing
Bank Reports to the Administrative Agent</U>. Unless otherwise agreed by the Administrative Agent, each Issuing Bank shall, in addition
to its notification obligations set forth elsewhere in this Section, report in writing to the Administrative Agent (i)&#8239;periodic activity
(for such period or recurrent periods as shall be requested by the Administrative Agent) in respect of Letters of Credit issued by such
Issuing Bank, including all issuances, extensions (other than any extension of a Letter of Credit providing for automatic extension),
amendments and renewals, all expirations and cancelations and all disbursements and reimbursements, (ii)&#8239;reasonably prior to the
time that such Issuing Bank issues, amends, renews or extends any Letter of Credit (other than any extension of a Letter of Credit providing
for automatic extension), the date of such issuance, amendment, renewal or extension, and the stated amount and currency of the Letters
of Credit issued, amended, renewed or extended by it and outstanding after giving effect to such issuance, amendment, renewal or extension
(and whether the amounts thereof shall have changed), (iii)&#8239;on each Business Day on which such Issuing Bank makes any LC Disbursement,
the date and amount and currency of such LC Disbursement, (iv)&#8239;on any Business Day on which the applicable Borrower(s)&#8239;fail
to reimburse an LC Disbursement required to be reimbursed to such Issuing Bank on such day, the date of such failure and the amount cue
and (v)&#8239;on any other Business Day, such other information as the Administrative Agent shall reasonably request as to the Letters
of Credit issued by such Issuing Bank.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(m)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>LC
Exposure Determination</U>. For all purposes of this Agreement, the amount of a Letter of Credit that, by its terms or the terms of any
document related thereto, provides for one or more automatic increases in the stated amount thereof shall be deemed to be the maximum
stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect
at the time of determination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(n)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Letters
of Credit Issued for Restricted Subsidiaries</U>. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support
of any obligations of a Restricted Subsidiary, the U.S. Borrowers shall be obligated to reimburse the applicable Issuing Bank hereunder
for any and all drawings under such Letter of Credit. Each U.S. Borrower hereby acknowledges that the issuance of Letters of Credit requested
by such U.S. Borrower for the account of Restricted Subsidiaries of such U.S. Borrower inures to the benefit of such U.S. Borrower, and
that such U.S. Borrower&rsquo;s business derives substantial benefits from the businesses of such Restricted Subsidiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;2.07&#8239;&#8239;&#8239;&#8239;&#8239;<U>Funding
of Borrowings</U><FONT STYLE="">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Lender shall make each Revolving Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available
funds by (i)&#8239;in the case of Loans to a U.S. Borrower, payments received by the Administrative Agent in Dollars, 1:00 p.m., New York
City time, (ii)&#8239;in the case of Loans to a Canadian Borrower, payments received by the Administrative Agent in Dollars and Canadian
Dollars, 1:00 p.m., Toronto time, (iii)&#8239;in the case of Loans to a French Borrower, German Borrower, Swiss Borrower or UK Borrower,
payments received by the Administrative Agent in Dollars, Euro and Pounds Sterling, no later than 2:00 p.m.&#8239;London time, and (iv)&#8239;in
the case of Loans to a Hong Kong Borrower, payments received by the Administrative Agent in Dollars and Hong Kong Dollars, no later than
7:00 a.m.&#8239;London time, in each case, to the account of the Administrative Agent most recently designated by it for such purpose by
notice to the Revolving Lenders. The Administrative Agent will make such Loans available to the applicable Borrower(s)&#8239;by promptly
crediting the amounts so received, in like funds, to the Funding Account(s); <U>provided</U> that ABR Revolving Loans made to finance
the reimbursement of (i)&#8239;an LC Disbursement as provided in Section&#8239;2.06(e)&#8239;shall be remitted by the Administrative Agent
to the applicable Issuing Bank and (ii)&#8239;a Protective Advance or Overadvance shall be retained by the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Unless
the Administrative Agent shall have received notice from a Lender prior to the proposed date of any Revolving Borrowing that such Lender
will not make available to the Administrative Agent such Lender&rsquo;s Applicable Percentage of such Borrowing, the Administrative Agent
may assume that such Lender has made such share available on such date in accordance with paragraph (a)&#8239;of this Section&#8239;and
may, in reliance on such assumption, make available to the applicable Borrower(s)&#8239;a corresponding amount. In such event, if a Lender
has not in fact made its share of the applicable Borrowing available to the Administrative Agent, then the applicable Lender and the applicable
Borrower(s)&#8239;severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount with interest thereon,
for each day from and including the date such amount is made available to the applicable Borrower(s)&#8239;to but excluding the date of
payment to the Administrative Agent, at (i)&#8239;in the case of a payment to be made by such Lender, the greater of (x)&#8239;the Federal
Funds Effective Rate (in the case of Dollar-denominated amounts under the U.S. Facility), the Canadian Prime Rate (in the case of Canadian
Dollar-denominated amounts), the Daily Simple RFR (in the case of Pounds Sterling-denominated amounts under the European Facility) or
the Term Benchmark for the applicable Agreed Currency (in the case of Dollar, Euro, or Hong Kong Dollar denominated amounts under the
European Facility, French Facility or Hong Kong Facility) and (y)&#8239;a rate determined by the Administrative Agent in accordance with
banking industry rules&#8239;on interbank compensation or (ii)&#8239;in the case of the Borrowers, (w)&#8239;in the case of Loans denominated
in Dollars under the U.S. Facility, the interest rate applicable to ABR Loans, (x)&#8239;in the case of Loans denominated in Canadian Dollars,
the interest rate applicable to Canadian Prime Rate Loans, (y)&#8239;in the case of Loans denominated in Pounds Sterling under the European
Facility, the interest rate applicable to RFR Loans and (z)&#8239;in the case of Loans denominated in Dollars, Euros or Hong Kong Dollars
under the European Facility, the French Facility or the Hong Kong Facility, the interest rate applicable to the Term Benchmark for the
applicable Agreed Currency. If the applicable Borrower(s)&#8239;and such Lender shall pay such interest to the Administrative Agent for
the same or an overlapping period, the Administrative Agent shall promptly remit to the applicable Borrower(s)&#8239;the amount of such
interest paid by the Borrowers for such period. If such Lender pays such amount to the Administrative Agent, then such amount shall constitute
such Lender&rsquo;s Revolving Loan included in such Borrowing. Any payment by any Borrower(s)&#8239;pursuant to this paragraph (b)&#8239;shall
be without prejudice to any claim such Borrower(s)&#8239;may have against a Lender that shall have failed to make such payment to the Administrative
Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;2.08&#8239;&#8239;&#8239;&#8239;&#8239;<U>Interest
Elections</U><FONT STYLE="">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Revolving Borrowing initially shall be of the Type and Agreed Currency and, in the case of a Term Benchmark Revolving Borrowing, shall
have an initial Interest Period as specified in the applicable Borrowing Request or as otherwise provided in Section&#8239;2.03. Thereafter,
the Borrower Representative may elect to convert such Borrowing to a Borrowing of a different Type or to continue such Borrowing and,
in the case of a Term Benchmark Revolving Borrowing, may elect Interest Periods therefor, all as provided in this Section; <U>provided</U>
always that no Adjusted <FONT STYLE="color: red"><STRIKE>LIBO</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term
SOFR</U></FONT> Rate Borrowings under the European Facility, Canadian Facility, French Facility or Hong Kong Facility, or HIBOR <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Rate
</U></FONT>Borrowings may be converted. The Borrower Representative may elect different options with respect to different portions of
the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such
Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section&#8239;shall not apply to Swingline
Borrowings, Overadvances or Protective Advances, which may not be converted or continued.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;To
make an election pursuant to this Section, the Borrower Representative shall notify the Administrative Agent with respect to each Revolving
Borrowing of such election by delivering an Interest Election Request signed by a Responsible Officer of the Borrower Representative or
through Electronic System if arrangements for doing so have been approved by the Administrative Agent (or if an Extenuating Circumstance
shall exist, by telephone) by the time that a Borrowing Request would be required under Section&#8239;2.03 if the Borrowers were requesting
a Revolving Borrowing of the Type resulting from such election to be made on the effective date of such election. Each such Interest Election
Request shall be irrevocable and each such telephonic Interest Election Request, if permitted, shall be confirmed immediately upon the
cessation of the Extenuating Circumstance by hand delivery, Electronic System or facsimile to the Administrative Agent of a written Interest
Election Request in a form approved by the Administrative Agent and signed by a Responsible Officer of the Borrower Representative. Each
Interest Election Request shall specify the following information in compliance with Section&#8239;2.02:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
Borrowing to which such Interest Election Request applies and, if different options are being elected with respect to different portions
thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses
(iii)&#8239;and (iv)&#8239;below shall be specified for each resulting Borrowing);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
effective date of the election made pursuant to such Interest Election Request, which shall be a Business Day;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;whether
the resulting Borrowing is to be an ABR Borrowing, a Term Benchmark Borrowing, an RFR Borrowing or a Canadian Prime Rate Borrowing; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;if
the resulting Borrowing is a Term Benchmark Borrowing, the Interest Period to be applicable thereto after giving effect to such election,
which shall be a period contemplated by the definition of the term &ldquo;Interest Period.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If any such Interest Election Request requests a Term Benchmark Borrowing,
CDOR Rate Borrowing or HIBOR Borrowing but does not specify an Interest Period, then the Borrowers shall be deemed to have selected an
Interest Period of one month&rsquo;s duration.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Promptly
following receipt of an Interest Election Request in accordance with this Section, the Administrative Agent shall advise each applicable
Lender of the details thereof and of such Lender&rsquo;s portion of each resulting Borrowing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If
the Borrower Representative fails to deliver a timely Interest Election Request with respect to a Term Benchmark Revolving Borrowing denominated
in Dollars prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the
end of such Interest Period such Borrowing shall be deemed to have an Interest Period of one month. If the Borrower Representative fails
to deliver a timely Interest Election Request with respect to a Term Benchmark Revolving Borrowing denominated in Euros or Hong Kong Dollars
prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such
Interest Period such Borrowing shall be continued as Term Benchmark Revolving Borrowing in such currency with an Interest Period of one
month. If the Borrower Representative fails to deliver a timely Interest Election Request with respect to a CDOR Rate Borrowing prior
to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest
Period such Borrowing shall be converted to a Canadian Prime Rate Borrowing. Notwithstanding any contrary provision hereof, if an Event
of Default has occurred and is continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the Borrower
Representative (<U>provided</U> that no such notice shall be required in the case of an Event of Default under clause (h), (i)&#8239;or
(j)&#8239;of Article&#8239;VII), then, so long as an Event of Default is continuing (i)&#8239;no outstanding Revolving Borrowing may be converted
to a Term Benchmark Borrowing, (ii)&#8239;unless repaid, each Term Benchmark Revolving Borrowing denominated in Dollars under the U.S.
Facility shall be converted to an ABR Borrowing at the end of the Interest Period applicable thereto, (iii)&#8239;unless repaid, each CDOR
Rate Borrowing shall be converted into a Canadian Prime Rate Borrowing at the end of the Interest Period applicable thereto, (iv)&#8239;unless
repaid, each Term Benchmark Borrowing denominated in <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Dollars (other than any
Term Benchmark Borrowing under the U.S. Facility) shall either (A)&#8239;bear interest at an Alternate Rate at the end of the Interest
Period applicable thereto, or (B)&#8239;be prepaid at the end of the Interest Period applicable thereto, in full, (v)&#8239;unless repaid,
each Term Benchmark Borrowing denominated in </U></FONT>Euros shall bear interest at the Central Bank Rate for <FONT STYLE="color: red"><STRIKE>the
applicable Agreed Currency</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Euros</U></FONT> plus the CBR Spread;
<U>provided</U> that, if the Administrative Agent determines (which determination shall be conclusive and binding absent manifest error)
that the Central Bank Rate for <FONT STYLE="color: red"><STRIKE>the applicable Agreed Currency</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Euros</U></FONT>
cannot be determined, any outstanding affected Term Benchmark Loans denominated in <FONT STYLE="color: red"><STRIKE>any Agreed Currency
other than Dollars or Canadian Dollars</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Euros</U></FONT> shall
either be converted to an Alternate Rate Borrowing denominated in Dollars (in an amount equal to the Dollar Equivalent of such Alternative
Currency) at the end of the Interest Period, as applicable, therefor or prepaid at the end of the applicable Interest Period, as applicable,
in full; <U>provided</U> that if no election is made by the Borrower by the earlier of (x)&#8239;the date that is three Business Days after
receipt by the Borrower of such notice and (y)&#8239;the last day of the current Interest Period for the applicable Term Benchmark Loan,
the Borrower shall be deemed to have elected clause (A)&#8239;above, and (<FONT STYLE="color: red"><STRIKE>v</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>vi</U></FONT>)
unless repaid, each HIBOR Borrowing shall be continued as a HIBOR Borrowing with an Interest Period of one month at the end of the Interest
Period applicable thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;2.09&#8239;&#8239;&#8239;&#8239;&#8239;<U>Termination
and Reduction of Revolving Commitments; Increase in Revolving Commitments</U><FONT STYLE="">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Unless
previously terminated, the Revolving Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Maturity Date,
or any earlier date on which the Revolving Commitments are reduced to zero or otherwise terminated pursuant to the terms hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Borrower Representative may at any time terminate the Commitments under the U.S. Facility, the Canadian Facility, the French Facility,
the European Facility or the Hong Kong Facility upon (i)&#8239;the payment in full of all outstanding Loans, together with accrued and
unpaid interest thereon and on any LC Disbursements, in each case, under the applicable Facility, (ii)&#8239;the cancellation and return
of all outstanding Letters of Credit under the applicable Facility (or alternatively, with respect to each such Letter of Credit, the
furnishing to the Administrative Agent of a cash deposit (or at the discretion of the Administrative Agent a backup standby letter of
credit reasonably satisfactory to the Administrative Agent) equal to 103% of the portion of the LC Exposure attributable to all Letters
of Credit, as determined by the applicable Issuing Banks), (iii)&#8239;the payment in full of all accrued and unpaid fees owing in respect
of such Facility and (iv)&#8239;the payment in full of all reimbursable expenses and all other Obligations outstanding at such time in
respect of such Facility.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Borrower Representative may from time to time reduce the Commitments under the U.S. Facility, the Canadian Facility, the French Facility,
the European Facility and/or the Hong Kong Facility; <U>provided</U> that (i)&#8239;each reduction of the Revolving Commitments shall be
in an amount that is an integral multiple of $1,000,000 and not less than $5,000,000 and (ii)&#8239;the Borrower Representative shall not
reduce the Revolving Commitments under any Facility if, after giving effect to any concurrent prepayment of the Loans in accordance with
Section&#8239;2.11, the Borrowers would not be in compliance with the Revolving Exposure Limitations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Borrower Representative shall notify the Administrative Agent of any election to terminate or reduce the Revolving Commitments under paragraph
(b)&#8239;or (c)&#8239;of this Section&#8239;at least three Business Days prior to the effective date of such termination or reduction, specifying
such election and the effective date thereof. Promptly following receipt of any such notice, the Administrative Agent shall advise the
Revolving Lenders of the contents thereof. Each notice delivered by the Borrower Representative pursuant to this Section&#8239;shall be
irrevocable; <U>provided</U> that a notice of termination of the Revolving Commitments delivered by the Borrower Representative may state
that such notice is conditioned upon the effectiveness of other credit facilities, in which case such notice may be revoked by the Borrower
Representative (by notice to the Administrative Agent on or prior to specified effective date) if such condition is not satisfied. Any
termination or reduction of the Revolving Commitments shall be permanent. Each reduction of the Revolving Commitments under any Facility
shall be made ratably among the Lenders under such Facility in accordance with their respective Revolving Commitments thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="color: red"><STRIKE>Solely
on or after the date that either (x)&#8239;all Indebtedness under the Term Credit Agreement (other than contingent or indemnity obligations
for which no claim has been made) has been paid in full and any commitments thereunder have been terminated or (y)&#8239;the Term Credit
Agreement has been amended, restated or otherwise modified to permit the additional Commitments under this Section&#8239;2.09(e), the</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>The</U></FONT>
Borrower Representative shall have the right to increase the Commitments under any Facility by obtaining additional U.S. Commitments,
additional Canadian Commitments, additional European Commitments, additional French Commitments or additional Hong Kong Commitments, either
from one or more of the Lenders or from one or more other lending institutions; <U>provided</U> that (i)&#8239;no Lender hereunder shall
have any obligation to provide any such requested increase, (ii)&#8239;any such request for an increase shall be in a minimum amount of
$10,000,000, (iii)&#8239;the aggregate amount of all additional Revolving Commitments obtained under this paragraph shall not exceed $75,000,000,
(iv)&#8239;the Administrative Agent, each Swingline Lender under the applicable Facility and each Issuing Bank under the applicable Facility
shall have approved the identity of any such new Lender, such approval not to be unreasonably withheld, conditioned or delayed, (v)&#8239;any
such new Lender shall assume all the rights and obligations of a &ldquo;Lender&rdquo; hereunder, (vi)&#8239;the procedure described in
paragraph (e)(ii)&#8239;of this Section&#8239;shall have been satisfied and (vii)&#8239;any such new Lender in respect of a French Borrower
shall be a French Authorized Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Any
amendment hereto for such an increase or addition shall be in form and substance reasonably satisfactory to the Administrative Agent and
shall only require the written signatures of the Administrative Agent, the Swingline Lenders under the applicable Facility, the Issuing
Bank under the applicable Facility, the Loan Parties and the Lender(s)&#8239;being added or increasing their Revolving Commitments. As
a condition precedent to such an increase, the Borrower Representative shall deliver to the Administrative Agent (A)&#8239;a certificate
of each Loan Party signed by an authorized officer of such Loan Party (1)&#8239;certifying and attaching the resolutions adopted by such
Loan Party approving or consenting to such increase, and (2)&#8239;in the case of the Borrowers, certifying that, before and after giving
effect to such increase, (x)&#8239;the representations and warranties contained in Article&#8239;III and the other Loan Documents are true
and correct in all material respects, except to the extent that such representations and warranties specifically refer to an earlier date,
in which case they are true and correct as of such earlier date, and (y)&#8239;no Default exists, (B)&#8239;an opinion of counsel to the
Loan Parties as to the power and authority of the Loan Parties to effect such increase and such other customary and related matters as
the Administrative Agent may reasonably request and (C)&#8239;a reaffirmation agreement, in form and substance reasonably satisfactory
to the Administrative Agent, executed and delivered by the Loan Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;On
the Business Day following any such increase, all outstanding Borrowings under any Facility being increased shall be reallocated, pursuant
to procedures reasonably determined by the Administrative Agent, among the Lenders (including any newly added Lenders) under such Facility
in accordance with the Lenders&rsquo; respective revised Applicable Percentages and, with respect to any reallocation of Term Benchmark
Borrowings, the applicable Borrowers shall pay the assigning Lenders any amounts that would have been required to be paid pursuant to
Section&#8239;2.16 had the assigned portions of such Borrowings been prepaid on such date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;2.10&#8239;&#8239;&#8239;&#8239;&#8239;<U>Repayment
of Loans; Evidence of Debt</U><FONT STYLE="">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
U.S. Borrowers hereby, jointly and severally, unconditionally promise to pay to (i)&#8239;the Administrative Agent, for the account of
each U.S. Revolving Lender the principal amount of all outstanding U.S. Revolving Loans, (ii)&#8239;the Administrative Agent, for the account
of each Canadian Revolving Lender the principal amount of all outstanding Canadian Revolving Loans to the Canadian Borrowers and U.S.
Borrowers, (iii)&#8239;the Administrative Agent, for the account of each French Revolving Lender the principal amount of all outstanding
French Revolving Loans to the French Borrowers and the U.S. Borrowers, (iv)&#8239;the Administrative Agent, for the account of each German
Revolving Lender the principal amount of all outstanding German Revolving Loans to the German Borrowers and U.S. Borrowers, (v)&#8239;the
Administrative Agent, for the account of each Hong Kong Revolving Lender the principal amount of all outstanding Hong Kong Revolving Loans
to the Hong Kong Borrowers and U.S. Borrowers, (vi)&#8239;the Administrative Agent, for the account of each Swiss Revolving Lender the
principal amount of all outstanding Swiss Revolving Loans to the Swiss Borrowers and U.S. Borrowers, (vii)&#8239;the Administrative Agent,
for the account of each UK Revolving Lender the principal amount of all outstanding UK Revolving Loans to the UK Borrowers and U.S. Borrowers
and (viii)&#8239;the Administrative Agent the then unpaid amount of each Protective Advance to the U.S. Borrowers and Overadvance to the
U.S. Borrowers, in each case, on the earliest of (A)&#8239;the Maturity Date, (B)&#8239;in the case of any Overadvance, the earlier of the
30th day after the date of the making thereof and the date of demand by the Administrative Agent and (C)&#8239;in the case of any Protective
Advance, demand by the Administrative Agent. Each Canadian Borrower hereby unconditionally promises to pay to (i)&#8239;the Administrative
Agent, for the account of each Canadian Revolving Lender the principal amount of all outstanding Canadian Revolving Loans to that Canadian
Borrower and (ii)&#8239;the Administrative Agent the then unpaid amount of each Canadian Protective Advance to that Canadian Borrower and
Canadian Overadvance to that Canadian Borrower, in each case, on the earliest of (A)&#8239;the Maturity Date, (B)&#8239;in the case of any
Canadian Overadvance, the earlier of the 30th day after the date of the making thereof and the date of demand by the Administrative Agent
and (C)&#8239;in the case of any Canadian Protective Advance, demand by the Administrative Agent. Each French Borrower hereby unconditionally
promises to pay to (i)&#8239;the Administrative Agent, for the account of each French Revolving Lender the principal amount of all outstanding
French Revolving Loans to that French Borrower, (ii)&#8239;the Administrative Agent the then unpaid amount of each French Protective Advance
and each French Overadvance to that French Borrower and (iii)&#8239;the French Swingline Lender, the principal amount of each French Swingline
Loan to that French Borrower, in each case, on the earliest of (A)&#8239;the Maturity Date, (B)&#8239;in the case of any French Overadvance,
the earlier of the 30th day after the date of the making thereof and the date of demand by the Administrative Agent and (C)&#8239;in the
case of any French Protective Advance, demand by the Administrative Agent. Each German Borrower hereby unconditionally promises to pay
to (i)&#8239;the Administrative Agent, for the account of each European Revolving Lender the principal amount of all outstanding German
Revolving Loans to that German Borrower and (ii)&#8239;the Administrative Agent the then unpaid amount of each German Protective Advance
and each German Overadvance to that German Borrower, in each case, on the earliest of (A)&#8239;the Maturity Date, (B)&#8239;in the case
of any German Overadvance, the earlier of the 30th day after the date of the making thereof and the date of demand by the Administrative
Agent and (C)&#8239;in the case of any German Protective Advance, the date of demand by the Administrative Agent. Each Hong Kong Borrower
hereby unconditionally promises to pay to (i)&#8239;the Administrative Agent, for the account of each Hong Kong Revolving Lender the principal
amount of all outstanding Hong Kong Revolving Loans to that Hong Kong Borrower and (ii)&#8239;the Administrative Agent the then unpaid
amount of each Hong Kong Protective Advance and each Hong Kong Overadvance to that Hong Kong Borrower, in each case, on the earliest of
(A)&#8239;the Maturity Date, (B)&#8239;in the case of any Hong Kong Overadvance, the earlier of the 30th day after the date of the making
thereof and the date of demand by the Administrative Agent and (C)&#8239;in the case of any Hong Kong Protective Advance, the date of demand
by the Administrative Agent. Each Swiss Borrower hereby unconditionally promises to pay to (i)&#8239;the Administrative Agent, for the
account of each European Revolving Lender the principal amount of all outstanding Swiss Revolving Loans to that Swiss Borrower and (ii)&#8239;the
Administrative Agent the then unpaid amount of each Swiss Protective Advance and each Swiss Overadvance to that Swiss Borrower, in each
case, on the earliest of (A)&#8239;the Maturity Date, (B)&#8239;in the case of any Swiss Overadvance, the earlier of the 30th day after
the date of the making thereof and the date of demand by the Administrative Agent and (C)&#8239;in the case of any Swiss Protective Advance,
the date of demand by the Administrative Agent. Each UK Borrower hereby unconditionally promises to pay to (i)&#8239;the Administrative
Agent, for the account of each European Revolving Lender, the principal amount of all outstanding UK Revolving Loans to that UK Borrower
and (ii)&#8239;the Administrative Agent the then unpaid amount of each UK Protective Advance and each UK Overadvance to that UK Borrower,
in each case, on the earliest of (A)&#8239;the Maturity Date, (B)&#8239;in the case of any UK Overadvance, the earlier of the 30th day after
the date of the making thereof and the date of demand by the Administrative Agent and (C)&#8239;in the case of any UK Protective Advance,
the date of demand by the Administrative Agent. Each European Borrower hereby unconditionally promises to pay to the European Swingline
Lender the principal amount of each European Swingline Loan to such European Borrower, in each case, on the Maturity Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;On
each Business Day during any Dominion Period, the Administrative Agent shall apply all funds credited to a Concentration Account or Collection
Account of the U.S. Borrowers on such Business Day or the immediately preceding Business Day (at the discretion of the Administrative
Agent, whether or not immediately available), <U>first</U>, to prepay any U.S. Protective Advances and U.S. Overadvance, <U>second</U>,
to prepay the U.S. Revolving Loans, <U>third</U>, to cash collateralize outstanding LC Exposure, <U>fourth</U>, to prepay any Canadian
Protective Advance and Canadian Overadvance to the Canadian Borrowers that may be outstanding, French Protective Advance and French Overadvance
to the French Borrowers that may be outstanding, German Protective Advance and German Overadvance to the German Borrowers that may be
outstanding, Hong Kong Protective Advance and Hong Kong Overadvance to the Hong Kong Borrowers that may be outstanding, Swiss Protective
Advance and Swiss Overadvance to the Swiss Borrowers that may be outstanding and UK Protective Advance and UK Overadvance to the UK Borrowers
that may be outstanding, on a <I>pro rata</I> basis, <U>fifth</U>, to prepay any Canadian Revolving Loans to the Canadian Borrowers, French
Revolving Loans and French Swingline Loans to the French Borrowers, German Revolving Loans to the German Borrowers, Hong Kong Revolving
Loans to the Hong Kong Borrowers, Swiss Revolving Loans to the Swiss Borrowers, UK Revolving Loans to the UK Borrowers, and European Swingline
Loans to the applicable European Borrower, on a <I>pro rata</I> basis, <U>sixth</U>, [reserved], <U>seventh</U>, as the Borrower Representative
may direct. The Administrative Agent shall apply all funds credited to a Concentration Account or Collection Account (as applicable) of
the Canadian Loan Parties, European Loan Parties, French Loan Parties and the Hong Kong Loan Parties on such Business Day or the immediately
preceding Business Day in the order specified in subclauses <U>fourth</U> through <U>seventh</U> above with respect to the relevant Obligations
of such Loan Parties provided that, in respect of a Concentration Account or Collection Account of the UK Borrowers and any direction
made by the Borrower Representative under subclause <U>seventh</U>, the Administrative Agent may comply with such direction in its sole
discretion. Further, all amounts received in a Concentration Account or Collection Account shall be applied pursuant to this paragraph
(b)&#8239;first against Protective Advances, Overadvances and Revolving Loans (including Swingline Loans) denominated in like currency
to the currency of the moneys in such Concentration Account or Collection Account. In the event and to the extent that any Protective
Advances, Overadvances or Revolving Loans (including Swingline Loans) remain unpaid (the &ldquo;<U>Payment and Collateralization Requirements</U>&rdquo;)
following such application as a result of a mismatch between the currencies of the amounts in the Concentration Accounts or Collection
Accounts and the currencies in which the outstanding Payment and Collateralization Requirements are denominated, the relevant Borrower
shall be deemed to have requested the Administrative Agent to convert any excess funds remaining in the Concentration Accounts or Collection
Accounts to the currency or currencies of the outstanding Payment and Collateralization Requirements and apply such converted amounts
to such outstanding Payment and Collateralization Requirements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the applicable Borrower(s)&#8239;to
such Lender resulting from each Loan made by such Lender to such Borrower(s), including the amounts of principal and interest payable
and paid to such Lender from time to time hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Administrative Agent shall maintain accounts in which it shall record (i)&#8239;the amount of each Loan made hereunder to the applicable
Borrower(s), the Type thereof and the Interest Period applicable thereto, (ii)&#8239;the amount of any principal or interest due and payable
or to become due and payable from the applicable Borrowers to each Lender hereunder and (iii)&#8239;the amount of any sum received by the
Administrative Agent hereunder for the account of the Lenders and each Lender&rsquo;s share thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
entries made in the accounts maintained pursuant to paragraph (c)&#8239;or (d)&#8239;of this Section&#8239;shall be <I>prima facie</I> evidence
of the existence and amounts of the obligations recorded therein; <U>provided</U> that the failure of any Lender or the Administrative
Agent to maintain such accounts or any error therein shall not in any manner affect the obligation of the Borrowers to pay any amounts
due hereunder in accordance with the terms of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Any
Lender may request that Loans made by it be evidenced by a promissory note. In such event, the applicable Borrowers shall prepare, execute
and deliver to such Lender a promissory note payable to the order of such Lender (or, if requested by such Lender, to such Lender and
its registered assigns) and in a form approved by the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;2.11&#8239;&#8239;&#8239;&#8239;&#8239;<U>Prepayment
of Loans</U><FONT STYLE="">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Borrowers shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice
in accordance with paragraph (c)&#8239;of this Section.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Except
to the extent such excess arises from Protective Advances permitted under Section&#8239;2.04 or Overadvances permitted under Section&#8239;2.05,
in the event and on each occasion that the Borrowers are not in compliance with the Revolving Exposure Limitations, the Canadian Borrowers,
the European Borrowers, the French Borrowers, the Hong Kong Borrowers and the U.S. Borrowers shall severally prepay the Revolving Loans
and/or Swingline Loans, as applicable (or, if no such Borrowings are outstanding, deposit cash collateral in the LC Collateral Account
in accordance with Section&#8239;2.06(j)) of such Borrower(s)&#8239;in an aggregate amount that, after giving effect to such prepayments
or cash collateralizations the Borrowers shall be in compliance with the Revolving Exposure Limitations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Borrower Representative shall notify the Administrative Agent (and, in the case of prepayment of a Swingline Loan, the applicable Swingline
Lender), by telephone (confirmed by hand delivery or through Electronic System, if arrangements for doing so have been approved by the
Administrative Agent) of any prepayment hereunder (i)&#8239;in the case of prepayment of a Term Benchmark Revolving Borrowing denominated
in Dollars (in the case of the U.S. Facility), in the Administrative Agent&rsquo;s New York office not later than 12:00 p.m., New York
City time, three Business Days before the date of prepayment, (ii)&#8239;in the case of prepayment of a CDOR Rate Borrowing, in the Administrative
Agent&rsquo;s Toronto office not later than 11:00 a.m., Toronto time, three Business Days before the date of prepayment, (iii)&#8239;in
the case of prepayment of an ABR Revolving Borrowing, in the Administrative Agent&rsquo;s New York office not later than 12:00 p.m., New
York City time, on the date of prepayment, (iv)&#8239;in the case of prepayment of a Canadian Prime Rate Borrowing, in the Administrative
Agent&rsquo;s Toronto office not later than 12:00 p.m., New York City time, on the date of prepayment, (v)&#8239;in the case of prepayment
of a Term Benchmark Revolving Borrowing denominated in Euros or (in the case of the European Facility, French Facility and Hong Kong Facility)
Dollars, in the Administrative Agent&rsquo;s London office not later than 1:00 p.m., London time, three Business Days before the date
of prepayment, (vi)&#8239;in the case of a prepayment of an RFR Borrowing denominated in Pounds Sterling, not later than 11:00 a.m., London
time, five Business Days before the date of prepayment <FONT STYLE="color: red"><STRIKE>and</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>,</U></FONT>
(<FONT STYLE="color: red"><STRIKE>vi</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>vii</U></FONT>) in the
case of prepayment of a HIBOR Borrowing, in the Administrative Agent&rsquo;s Hong Kong office not later than 1:00 p.m., London time, three
<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Business Days before the date of prepayment and (viii)&#8239;in the case of
prepayment of a RFR Borrowing denominated in Dollars (in the case of the U.S. Facility), in the Administrative Agent&rsquo;s New York
office not later than 11:00 a.m., New York City time, five </U></FONT>Business Days before the date of prepayment. Each such notice shall
be irrevocable and shall specify the prepayment date and the principal amount of each Borrowing or portion thereof to be prepaid; <U>provided</U>
that, if a notice of prepayment is given in connection with a conditional notice of termination of the Revolving Commitments as contemplated
by Section&#8239;2.09, then such notice of prepayment may be revoked if such notice of termination is revoked in accordance with Section&#8239;2.09.
Promptly following receipt of any such notice relating to a Revolving Borrowing, the Administrative Agent shall advise the Lenders of
the contents thereof. Each partial prepayment of any Revolving Borrowing shall be in an amount that would be permitted in the case of
an advance of a Revolving Borrowing of the same Type as provided in Section&#8239;2.02. Each prepayment of a Revolving Borrowing shall
be applied ratably to the Revolving Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the
extent required by Section&#8239;2.13.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;2.12&#8239;&#8239;&#8239;&#8239;&#8239;<U>Fees</U><FONT STYLE="">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Borrower Representative, agrees (i)&#8239;to pay to the Administrative Agent for the account of each U.S. Revolving Lender a commitment
fee in dollars, which shall accrue at the Applicable Commitment Fee Rate on the daily amount by which such Lender&rsquo;s U.S. Commitment
exceeds the amount of such Lender&rsquo;s U.S. Revolving Loans and LC Exposure during the period from and including the Effective Date
to but excluding the date on which the Lenders&rsquo; U.S. Commitment terminates; (ii)&#8239;to pay to the Administrative Agent in dollars
for the account of each Canadian Revolving Lender a commitment fee, which shall accrue at the Applicable Commitment Fee Rate on the daily
amount by which such Lender&rsquo;s Canadian Commitment exceeds the Dollar Equivalent of such Lender&rsquo;s Canadian Revolving Loans
during the period from and including the Effective Date to but excluding the date on which the Lenders&rsquo; Canadian Commitment terminates;
(iii)&#8239;to pay to the Administrative Agent in dollars for the account of each European Revolving Lender a commitment fee, which shall
accrue at the Applicable Commitment Fee Rate on the daily amount by which such Lender&rsquo;s European Commitment exceeds the Dollar Equivalent
of such Lender&rsquo;s European Revolving Loans to that European Borrower during the period from and including the Effective Date to but
excluding the date on which the Lenders&rsquo; European Commitment terminates; (iv)&#8239;to pay to the Administrative Agent in dollars
for the account of each French Revolving Lender a commitment fee, which shall accrue at the Applicable Commitment Fee Rate on the daily
amount by which such Lender&rsquo;s French Commitment exceeds the Dollar Equivalent of such Lender&rsquo;s French Revolving Loans to that
French Borrower during the period from and including the Effective Date to but excluding the date on which the Lenders&rsquo; French Commitment
terminates; and (v)&#8239;to pay to the Administrative Agent in dollars for the account of each Hong Kong Revolving Lender a commitment
fee, which shall accrue at the Applicable Commitment Fee Rate on the daily amount by which such Lender&rsquo;s Hong Kong Commitment exceeds
the Dollar Equivalent of such Lender&rsquo;s Hong Kong Revolving Loans during the period from and including the Effective Date to but
excluding the date on which the Lenders&rsquo; Hong Kong Commitment terminates. <FONT STYLE="color: red"><STRIKE>Accrued commitment fees</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Commitment
fees accrued through and including the last day of March, June, September&#8239;and December&#8239;of each year</U></FONT> shall be payable
in arrears on the <FONT STYLE="color: red"><STRIKE>first</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>fifteenth</U></FONT>
day <FONT STYLE="color: red"><STRIKE>of each January, April, July&#8239;and October</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>following
such last day</U></FONT>, commencing on the first such date to occur after the Effective Date, and on the date on which the Revolving
Commitments terminate. All commitment fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number
of days elapsed. For purposes of computing commitment fees, the Revolving Commitment of a Lender shall be deemed to be used to the extent
of the outstanding Revolving Loans, Swingline Exposure, Protective Advances, Overadvances and LC Exposure of such Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Borrower Representative agrees to pay to the Administrative Agent for the account of each U.S. Revolving Lender a letter of credit fee
with respect to its participations in Letters of Credit, which shall accrue at the same Applicable Rate used to determine the interest
rate applicable to Term Benchmark Loans (as in effect from time to time) on the average daily Dollar Equivalent of such U.S. Revolving
Lender&rsquo;s applicable LC Exposure in respect of such Letters of Credit (excluding any portion thereof attributable to unreimbursed
LC Disbursements) during the period from and including the Effective Date to but excluding the later of the date on which such U.S. Revolving
Lender&rsquo;s Revolving Commitment terminates and the date on which such U.S. Revolving Lender ceases to have any LC Exposure in respect
of such Borrower(s)&rsquo; Letters of Credit. In addition, the Borrower Representative agrees to pay to each Issuing Bank a fronting fee,
which shall accrue at a rate per annum equal to 0.125% of the average daily Dollar Equivalent of the LC Exposure attributable to Letters
of Credit issued for the account of the U.S. Borrowers and their Restricted Subsidiaries by such Issuing Bank (excluding any portion thereof
attributable to unreimbursed LC Disbursements) during the period from and including the Effective Date to but excluding the later of the
date of termination of the Revolving Commitments and the date on which there ceases to be any LC Exposure in respect of Letters of Credit
issued for the account of the U.S. Borrowers and their Restricted Subsidiaries, as well as such Issuing Bank&rsquo;s standard fees with
respect to the issuance, amendment, renewal or extension of any such Letter of Credit or processing of drawings thereunder. Participation
fees and fronting fees accrued through and including the last day of <FONT STYLE="color: red"><STRIKE>each calendar month</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>March,
June, September&#8239;and December&#8239;of each year</U></FONT> shall be payable <FONT STYLE="color: red"><STRIKE>in arrears </STRIKE></FONT>on
the <FONT STYLE="color: red"><STRIKE>first</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>fifteenth</U></FONT>
day <FONT STYLE="color: red"><STRIKE>of each January, April, July&#8239;and October</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>following
such last day</U></FONT>, commencing on the first such date to occur after the Effective Date; <U>provided</U> that all such fees shall
be payable on the date on which the Revolving Commitments terminate and any such fees accruing after the date on which the Revolving Commitments
terminate shall be payable on demand. Any other fees payable to the Issuing Banks pursuant to this paragraph shall be payable within 10
days after demand. All participation fees and fronting fees shall be computed on the basis of a year of 360 days and shall be payable
for the actual number of days elapsed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Borrower Representative agrees to pay to the Administrative Agent, for its own account, fees in the amounts and payable at the times separately
agreed upon in the Fee Letter or as otherwise agreed between the Borrower Representative and the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;All
fees payable hereunder shall be paid on the dates due, in immediately available funds, to the Administrative Agent (or to the applicable
Issuing Bank, in the case of fees payable to it) for distribution, in the case of commitment fees and participation fees, to the Lenders.
Fees paid shall not be refundable under any circumstances (absent manifest error in the amount paid).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;2.13&#8239;&#8239;&#8239;&#8239;&#8239;<U>Interest</U><FONT STYLE="">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>U.S.
Facility</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Loans comprising each ABR Borrowing (excluding U.S. Protective Advances and U.S. Overadvances) shall bear interest at the Alternate Base
Rate <I>plus</I> the Applicable Rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;(x)&#8239;The
Loans comprising each Term Benchmark Borrowing under the U.S. Facility shall bear interest at the Adjusted <FONT STYLE="color: red"><STRIKE>LIBO</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term
SOFR</U></FONT> Rate for the Interest Period in effect for such Borrowing <I>plus</I> the Applicable Rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Canadian
Facility</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Loans comprising each Term Benchmark Borrowing under the Canadian Facility denominated in Dollars shall bear interest at the Adjusted
<FONT STYLE="color: red"><STRIKE>LIBO</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term SOFR</U></FONT> Rate
for the Interest Period in effect for such Borrowing <I>plus</I> the Applicable Rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Loans comprising each Canadian Prime Rate Borrowing (excluding Canadian Protective Advances and Canadian Overadvances) shall bear interest
at the Canadian Prime Rate <I>plus</I> the Applicable Rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Loans comprising each Term Benchmark Borrowing under the Canadian Facility denominated in Canadian Dollars shall bear interest at the
CDOR Rate for the Interest Period in effect for such Borrowing <I>plus</I> the Applicable Rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>European
Facility</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Loans comprising each Term Benchmark Borrowing under the European Facility denominated in Dollars (but excluding European Swingline Loans,
European Protective Advances and European Overadvances) shall bear interest at the Adjusted <FONT STYLE="color: red"><STRIKE>LIBO</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term
SOFR</U></FONT> Rate for the Interest Period in effect for such Borrowing <I>plus</I> the Applicable Rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Loans comprising each Term Benchmark Borrowing under the European Facility denominated in Euros (but excluding European Swingline Loans,
European Protective Advances and European Overadvances) shall bear interest at the Adjusted EURIBOR Rate for the Interest Period in effect
for such Borrowing <I>plus</I> the Applicable Rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Loans comprising each RFR Borrowing under the European Facility denominated in Pounds Sterling (but excluding European Swingline Loans,
European Protective Advances and European Overadvances) shall bear interest at the Daily Simple RFR <I>plus</I> the Applicable Rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>French
Facility</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Loans comprising each Term Benchmark Borrowing under the French Facility denominated in Dollars (but excluding French Swingline Loans,
French Protective Advances and French Overadvances) shall bear interest at the Adjusted <FONT STYLE="color: red"><STRIKE>LIBO</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term
SOFR</U></FONT> Rate for the Interest Period in effect for such Borrowing <I>plus</I> the Applicable Rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Loans comprising each Term Benchmark Borrowing under the French Facility denominated in Euros (but excluding French Swingline Loans, French
Protective Advances and French Overadvances) shall bear interest at the Adjusted EURIBOR Rate for the Interest Period in effect for such
Borrowing <I>plus</I> the Applicable Rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Hong
Kong Facility</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Loans comprising each Term Benchmark Borrowing under the Hong Kong Facility denominated in Dollars (but excluding Hong Kong Swingline
Loans, Hong Kong Protective Advances and Hong Kong Overadvances) shall bear interest at the Adjusted <FONT STYLE="color: red"><STRIKE>LIBO</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term
SOFR</U></FONT> Rate for the Interest Period in effect for such Borrowing <I>plus</I> the Applicable Rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Loans comprising each Term Benchmark Borrowing under the Hong Kong Facility denominated in Hong Kong Dollars (but excluding Hong Kong
Swingline Loans, Hong Kong Protective Advances and Hong Kong Overadvances) shall bear interest at the HIBOR Rate for the Interest Period
in effect for such Borrowing <I>plus</I> the Applicable Rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
(i)&#8239;U.S. Protective Advance and U.S. Overadvance shall bear interest at the Alternate Base Rate <I>plus</I> the Applicable Rate for
ABR Revolving Loans <I>plus</I> 2% per annum, (ii)&#8239;each Canadian Protective Advance and Canadian Overadvance shall bear interest
at the Canadian Prime Rate <I>plus</I> the Applicable Rate for Canadian Prime Rate Loans <I>plus</I> 2% per annum, (iii)&#8239;each European
Protective Advance, European Overadvance, French Protective Advance, French Overadvance, Hong Kong Protective Advance and Hong Kong Overadvance
denominated in Dollars, Euros or Hong Kong Dollars, as applicable, shall bear interest at the Term Benchmark for the applicable Agreed
Currency <I>plus</I> the Applicable Rate for Term Benchmark Loans <I>plus</I> 2% per annum and (iv)&#8239;each European Protective Advance
and European Overadvance denominated in Pounds Sterling shall bear interest at the Daily Simple RFR <I>plus</I> the Applicable Rate for
RFR Loans <I>plus</I> 2% per annum.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Swingline Loan shall bear interest at the Overnight Rate for the applicable Agreed Currency <I>plus</I> the Applicable Rate for Overnight
Rate Loans.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Notwithstanding
the foregoing, during the occurrence and continuance of an Event of Default, (i)&#8239;all past due amounts in respect of the principal
of any Loan shall bear interest at 2% <I>plus</I> the rate otherwise applicable to such Loans as provided in the preceding paragraphs
of this Section&#8239;or (ii)&#8239;in the case of any other amount that is past due, such amount shall bear interest at 2% per annum <I>plus</I>
the rate applicable to ABR Revolving Loans hereunder (or, in the case of amounts denominated in Canadian Dollars, 2% per annum <I>plus</I>
the rate applicable to Canadian Prime Rate Loans hereunder).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Accrued
interest on each Loan (for ABR Loans, Canadian Prime Rate Loans and Overnight Rate Loans, accrued through the last day of the prior calendar
quarter) shall be payable in arrears on each Interest Payment Date for such Loan and upon termination of the Revolving Commitments; <U>provided</U>
that (i)&#8239;interest accrued pursuant to paragraph (h)&#8239;of this Section&#8239;shall be payable on demand, (ii)&#8239;in the event
of any repayment or prepayment of any Loan (other than a prepayment of an ABR Revolving Loan or Canadian Prime Rate Loan prior to the
end of the Availability Period), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment
or prepayment and (iii)&#8239;in the event of any conversion of any Term Benchmark Revolving Loan prior to the end of the current Interest
Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(j)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;All
interest hereunder shall be computed on the basis of a year of 365/366 days, or 365 days for Loans denominated in Canadian Dollars, Pounds
Sterling or Hong Kong Dollars except that interest computed by reference to the <FONT STYLE="color: red"><STRIKE>LIBO</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term
SOFR</U></FONT> Rate (other than ABR Loans determined by reference to the <FONT STYLE="color: red"><STRIKE>LIBO</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term
SOFR</U></FONT> Rate)<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>, Daily Simple SOFR</U></FONT> and EURIBOR and all fees
shall be computed on the basis of a year of 360 days, and in each case shall be payable for the actual number of days elapsed (including
the first day but excluding the last day). The applicable Alternate Base Rate, Adjusted <FONT STYLE="color: red"><STRIKE>LIBO</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term
SOFR</U></FONT> Rate, <FONT STYLE="color: red"><STRIKE>LIBO</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term
SOFR</U></FONT> Rate, Adjusted EURIBOR Rate, EURIBOR, CDOR Rate, HIBOR Rate, Daily Simple RFR, <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Daily
Simple SOFR, </U></FONT>Canadian Prime Rate or Overnight Rate shall be determined by the Administrative Agent, and such determination
shall be conclusive absent manifest error.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(k)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<I><U>Interest
Act</U></I><U> (Canada)</U>. For purposes of disclosure pursuant to the <I>Interest Act</I> (Canada), the annual rates of interest or
fees to which the rates of interest or fees provided in this Agreement and the other Loan Documents (and stated herein or therein, as
applicable, to be computed on the basis of 360 days or any other period of time less than a calendar year) are equivalent are the rates
so determined <I>multiplied by</I> the actual number of days in the applicable calendar year and <I>divided by</I> 360 or such other period
of time, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(l)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Limitation
on Interest</U>. If any provision of this Agreement or of any of the other Loan Documents would obligate any Canadian Loan Party to make
any payment of interest or other amount payable to the Lenders in an amount or calculated at a rate which would be prohibited by law or
would result in a receipt by the Lenders of interest at a criminal rate (as such terms are construed under the <I>Criminal Code</I> (Canada))
then, notwithstanding such provisions, such amount or rate shall be deemed to have been adjusted with retroactive effect to the maximum
amount or rate of interest, as the case may be, as would not be so prohibited by law or so result in a receipt by the Lenders of interest
at a criminal rate, such adjustment to be effected, to the extent necessary, as follows: (1)&#8239;firstly, by reducing the amount or rate
of interest required to be paid to the Lenders under this Section&#8239;2.13, and (2)&#8239;thereafter, by reducing any fees, commissions,
premiums and other amounts required to be paid to the Lenders which would constitute &ldquo;interest&rdquo; for purposes of Section&#8239;347
of the <I>Criminal Code</I> (Canada). Notwithstanding the foregoing, and after giving effect to all adjustments contemplated thereby,
if the Lenders shall have received an amount in excess of the maximum permitted by that section of the <I>Criminal Code</I> (Canada),
the Canadian Loan Parties shall be entitled, by notice in writing to the Administrative Agent, to obtain reimbursement from the Lenders
in an amount equal to such excess and, pending such reimbursement, such amount shall be deemed to be an amount payable by the Lenders
to the Borrowers. Any amount or rate of interest referred to in this Section&#8239;2.13(l)&#8239;shall be determined in accordance with
generally accepted actuarial practices and principles as an effective annual rate of interest over the term that the applicable Loan remains
outstanding on the assumption that any charges, fees or expenses that fall within the meaning of &ldquo;interest&rdquo; (as defined in
the <I>Criminal Code</I> (Canada)) shall, if they relate to a specific period of time, be prorated over that period of time and otherwise
be prorated over the period from the Effective Date to the Maturity Date and, in the event of a dispute, a certificate of a Fellow of
the Canadian Institute of Actuaries appointed by the Administrative Agent shall be conclusive for the purposes of such determination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(m)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>French
Revolving Loans; Effective Global Rate (<I>Taux Effectif Global</I>)</U>. All Loan Parties acknowledge that, by virtue of certain characteristics
of this Agreement (in particular the floating rates of interest and the adjustment of the Applicable Rate applicable to the Loans, the
French Borrowers&rsquo; right to select the duration of each Interest Period and the uncertainty as to the amount to be effectively drawn
from time to time under the Loans), for the purpose of articles L.314-1 to L.314-5 of the French Consumer Code, article R.313-1 <I>et
seq</I>. of the French Consumer Code and article L.313-4 of the French Monetary and Financial Code, the <I>taux effectif global</I> (the
 &ldquo;<U>TEG</U>&rdquo;) shall be required to be calculated based on assumptions as to the period rate (<I>taux de p&eacute;riode</I>)
and the period term (<I>dur&eacute;e de p&eacute;riode</I>) and on the assumption that the interest rate and all other fees, costs or
expenses payable under this Agreement will be maintained at their original level throughout the term of this Agreement. The calculation
of the TEG shall be set out in a TEG letter (the &ldquo;<U>TEG Letter</U>&rdquo;) which will be delivered by the Administrative Agent
to the French Borrowers on the date of the first utilization of a French Revolving Loan on or after the French Effective Date and from
time to time as required by applicable law, and each TEG Letter will form an integral part of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(n)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Swiss
Minimum Interest Rate</U>. The interest rates provided for the Swiss Borrower (and any Swiss Subsidiary) are minimum interest rates. The
parties hereto have assumed, on the date of this Agreement, that Swiss Withholding Tax is not and will not become payable by the Swiss
Borrower (and any Swiss Subsidiary) on interest payments under this Agreement or any other Loan Document. The Swiss Borrower (and any
Swiss Subsidiary) acknowledges and agrees that the interest rates set out in this Agreement are minimum interest rates which shall be
adjusted in accordance with subsection (o)&#8239;below if Swiss Withholding Tax becomes payable at any time on interest payments by the
Swiss Borrower (and any Swiss Subsidiary) under this Agreement or any other Loan Document.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(o)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Swiss
Withholding Tax</U>. If Swiss Withholding Tax applies on interest payments by the Swiss Borrower (and any Swiss Subsidiary) under this
Agreement or any other Loan Document, the gross-up and indemnity provisions of Section&#8239;2.17(a)&#8239;and Section&#8239;2.17(d)&#8239;shall
not apply, but instead the following shall apply, <U>provided</U> that the relevant Swiss Withholding Tax is not an Excluded Tax:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Swiss Borrower (and any Swiss Subsidiary) shall pay such additional amounts as shall be necessary in order for the net amounts received
by the Lenders after withholding of Swiss Withholding Tax to be equal to the respective amounts of interest which would otherwise have
been receivable in respect of this Agreement in the absence of the withholding of Swiss Withholding Tax;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Swiss
Withholding Tax shall be calculated, deducted and paid by the Swiss Borrower (and any Swiss Subsidiary) to the Swiss Federal Tax Administration
on the amount of interest so recalculated at a rate of currently thirty five percent (35%) (or such other rate as applicable from time
to time), unless a tax ruling obtained from the Swiss Federal Tax Administration confirms that such rate is, pursuant to any double-taxation
treaty, a specified lesser rate in relation to interest payments under this Agreement in which case such lesser rate shall be applied;
and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;To
the extent that interest payable under a Loan Document becomes subject to Swiss Withholding Tax, the Loan Parties and the Lenders shall
promptly co-operate in completing any procedural formalities (including submitting forms and documents required by the appropriate tax
authority) to the extent possible and necessary (a)&#8239;to make interest payments without them being subject to Swiss Withholding Tax,
or (b)&#8239;to being subject to Swiss Withholding Tax at a rate reduced under applicable double taxation treaties, or (c)&#8239;for the
Lenders to obtain a full or partial refund of Swiss Withholding Tax under applicable double taxation treaties. For the avoidance of doubt,
a Lender who is treated as not being a Swiss Qualifying Bank pursuant to Section&#8239;2.17(i)&#8239;shall not be under any obligation to
change its status into a Swiss Qualifying Bank.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;2.14&#8239;&#8239;&#8239;&#8239;&#8239;<U>Alternate
Rate of Interest; Illegality</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="color: red"><STRIKE>(a)</STRIKE></FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="color: red"><STRIKE>If
prior to the commencement of any Interest Period for a Term Benchmark Borrowing, during the provision of an Overnight Rate Loan or at
any time with respect to a RFR Loan:</STRIKE></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(a)</U></FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Subject
to clauses (b), (c), (d), (e)&#8239;and (f)&#8239;of this Section&#8239;2.14, if:</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
Administrative Agent determines in good faith (which determination shall be conclusive and binding absent manifest error) <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(A)&#8239;prior
to the commencement of any Interest Period for a Term Benchmark Borrowing, </U></FONT>that adequate and reasonable means do not exist
for ascertaining the Adjusted <FONT STYLE="color: red"><STRIKE>LIBO</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term
SOFR</U></FONT> Rate, the <FONT STYLE="color: red"><STRIKE>LIBO</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term
SOFR</U></FONT> Rate, the Adjusted EURIBOR Rate, the EURIBOR Rate, the CDOR Rate<FONT STYLE="color: red"><STRIKE>, </STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>or</U></FONT>
the HIBOR Rate<FONT STYLE="color: red"><STRIKE>, the applicable Daily Simple RFR, RFR or the applicable Overnight Rate</STRIKE></FONT>,
as applicable (including, without limitation, by means of an Interpolated Rate or because the <FONT STYLE="color: red"><STRIKE>LIBO</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Relevant</U></FONT>
Screen Rate<FONT STYLE="color: red"><STRIKE>, the CDOR Rate, the EURIBOR Rate, the HIBOR Rate, SONIA or the applicable Overnight Rate
</STRIKE></FONT> is not available or published on a current basis)<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>,</U></FONT>
for <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>the applicable Agreed Currency and </U></FONT>such Interest Period or <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(B)&#8239;</U></FONT>at
<FONT STYLE="color: red"><STRIKE>that</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>any</U></FONT> time<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>,
that adequate and reasonable means do not exist for ascertaining the applicable Daily Simple RFR or Overnight Rate for the applicable
Agreed Currency</U></FONT>; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
Administrative Agent is advised by the Required Lenders that (A)&#8239;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>prior
to the commencement of any Interest Period for a Term Benchmark Borrowing, </U></FONT>the Adjusted <FONT STYLE="color: red"><STRIKE>LIBO</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term
SOFR</U></FONT> Rate, the <FONT STYLE="color: red"><STRIKE>LIBO</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term
SOFR</U></FONT> Rate, the Adjusted EURIBOR Rate, the EURIBOR Rate, the CDOR Rate or the HIBOR Rate for such Interest Period will not adequately
and fairly reflect the cost to such Lenders (or Lender) of making or maintaining their Loans (or its Loan) included in such Borrowing
for such Interest Period or (B)&#8239;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>at any time, </U></FONT>the applicable
Daily Simple RFR, RFR or Overnight Rate for the applicable Agreed Currency will not adequately and fairly reflect the cost to such Lenders
(or Lender) of making or maintaining their Loans (or its Loan) included in such Borrowing for the applicable Agreed Currency;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>then the
Administrative Agent shall give notice thereof to the Borrower Representative and the Lenders through Electronic System as provided in
Section&#8239;9.01 as promptly as practicable thereafter and, until (x)&#8239;the Administrative Agent notifies the Borrower Representative
and the Lenders that the circumstances giving rise to such notice no longer exist with respect to the relevant Benchmark and (y)&#8239;the
applicable Borrower delivers a new Interest Election Request in accordance with the terms of Section&#8239;2.08 or a new Borrowing Request
in accordance with the terms of Section&#8239;2.03, (A)&#8239;for Loans denominated in Dollars under the U.S. Facility, (1)&#8239;any Interest
Election Request that requests the conversion of any Revolving Borrowing to, or continuation of any Revolving Borrowing as, a Term Benchmark
Borrowing and any Borrowing Request that requests a Term Benchmark Revolving Borrowing shall instead be deemed to be an Interest Election
Request or a Borrowing Request, as applicable, for (x)&#8239;an RFR Borrowing denominated in Dollars so long as the Daily Simple RFR for
Dollar Borrowings is not also the subject of Section&#8239;2.14(a)(i)&#8239;or (ii)&#8239;above or (y)&#8239;an ABR Borrowing if the Daily
Simple RFR for Dollar Borrowings also is the subject of Section&#8239;2.14(a)(i)&#8239;or (ii)&#8239;above and (2)&#8239;any Borrowing Request
that requests an RFR Borrowing shall instead be deemed to be a Borrowing Request, as applicable, for an ABR Borrowing, (B)&#8239;for Loans
denominated in Dollars under the Canadian Facility, the European Facility, the French Facility and/or the Hong Kong Facility, (1)&#8239;any
Interest Election Request that requests the conversion of any Revolving Borrowing to, or continuation of any Revolving Borrowing as, a
Term Benchmark Borrowing and any Borrowing Request that requests a Term Benchmark Borrowing shall instead be deemed to be an Interest
Election Request or a Borrowing Request, as applicable, for (x)&#8239;an RFR Borrowing denominated in Dollars so long as the Daily Simple
RFR for Dollar Borrowings is not also the subject of Section&#8239;2.14(a)(i)&#8239;or (ii)&#8239;above or (y)&#8239;an Alternate Rate Borrowing
if the Daily Simple RFR for Dollar Borrowings also is the subject of Section&#8239;2.14(a)(i)&#8239;or (ii)&#8239;above and (2)&#8239;any
Borrowing Request that requests an RFR Borrowing shall instead be deemed to be a Borrowing Request, as applicable, for an Alternate Rate
Borrowing, (C)&#8239;for Loans denominated in an Alternative Currency, any Interest Election Request that requests the conversion of any
Revolving Borrowing to, or continuation of any Revolving Borrowing as, a Term Benchmark Borrowing and any Borrowing Request that requests
a Term Benchmark Borrowing or an RFR Borrowing, in each case, for the relevant Benchmark, shall be ineffective and (D)&#8239;any Overnight
Rate Loan shall be an Alternate Rate Borrowing (in the case of Overnight Rate Loans denominated in Dollars) or shall bear interest at
the Central Bank Rate for the applicable Agreed Currency plus the CBR Spread (in the case of Overnight Rate Loans denominated in Euros
or Pounds Sterling); provided that&#8239;if the circumstances giving rise to such notice affect only one Type of Borrowings, then all other
Types of Borrowings shall be permitted.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="color: red"><STRIKE>then the Administrative
Agent shall give notice thereof to the Borrower Representative and the Lenders through Electronic System as provided in Section&#8239;9.01
as promptly as practicable thereafter and, until the Administrative Agent notifies the Borrower Representative and the Lenders that the
circumstances giving rise to such notice no longer exist, (A)&#8239;any Interest Election Request that requests the conversion of any Revolving
Borrowing to, or continuation of any Revolving Borrowing as, a Term Benchmark Borrowing shall instead be deemed to be an Interest Election
Request for an ABR Borrowing (in the case of Term Benchmark Borrowings under the U.S. Facility), Canadian Prime Rate Borrowing (in the
case of CDOR Rate Borrowings) or Alternate Rate Borrowing (in the case of HIBOR Borrowings or Term Benchmark Borrowings denominated in
Dollars (other than Term Benchmark Borrowings under the U.S. Facility)) or shall be ineffective (in the case of Term Benchmark Borrowings
denominated in Euros), (B)&#8239;if any Borrowing Request requests a Term Benchmark Borrowing or RFR Borrowing, such Borrowing shall be
made as an ABR&#8239;Borrowing (in the case of Term Benchmark Borrowings under the U.S. Facility), Canadian Prime Rate Borrowing (in the
case of CDOR Rate Borrowings) or Alternate Rate Borrowing (in the case of HIBOR Borrowings and Term Benchmark Borrowings denominated in
Dollars (other than Term Benchmark Borrowings under the U.S. Facility) or shall be ineffective (in the case of Term Benchmark Borrowings
denominated in Euros or RFR Borrowings) and (C)&#8239;any Overnight Rate Loan shall be an Alternate Rate Borrowing (in the case of Overnight
Rate Loans denominated in Dollars) or shall bear interest at the Central Bank Rate for the applicable Agreed Currency plus the CBR Spread
(in the case of Overnight Rate Loans denominated in Euros or Pounds Sterling); provided that&#8239;if the circumstances giving rise to
such notice affect only one Type of Borrowings, then all other Types of Borrowings shall be permitted.</STRIKE></FONT> Furthermore, if
any Term Benchmark Loan, RFR Loan or Overnight Rate Loan in any Agreed Currency is outstanding on the date of the <FONT STYLE="color: red"><STRIKE>Borrower&rsquo;s</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Borrower
Representative&rsquo;s</U></FONT> receipt of the notice from the Administrative Agent referred to in this Section&#8239;2.14(a)&#8239;with
respect to the <FONT STYLE="color: red"><STRIKE>relevant rate</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Relevant
Rate</U></FONT> applicable to such Term Benchmark Loan<FONT STYLE="color: red"><STRIKE>, </STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>or</U></FONT>
RFR Loan or any element of an Overnight Rate Loan, then until (x)&#8239;the Administrative Agent notifies the Borrower Representative and
the Lenders that the circumstances giving rise to such notice no longer exist with respect to the relevant <FONT STYLE="color: red"><STRIKE>rate</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Benchmark</U></FONT>
and (y)&#8239;the Borrower <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Representative </U></FONT>delivers a new Interest
Election Request in accordance with the terms of Section&#8239;2.08 or a new Borrowing Request in accordance with the terms of Section&#8239;2.03,
(i)&#8239;for <FONT STYLE="color: red"><STRIKE>any Term Benchmark Loan or Overnight Rate Loan</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Loans</U></FONT>
denominated in Dollars under the U.S. Facility, <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(1)&#8239;any Term Benchmark
Loan shall </U></FONT>on the last day of the Interest Period applicable to such Loan <FONT STYLE="color: red"><STRIKE>(or the next succeeding
Business Day if such day is not a Business Day), such Loan shall</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>,</U></FONT>
be converted by the Administrative Agent to, and shall constitute, <FONT STYLE="color: red"><STRIKE>an ABR Loan on such day, (ii)</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(x)&#8239;an
RFR Borrowing denominated in Dollars so long as the Daily Simple RFR for Dollar Borrowings is not also the subject of Section&#8239;2.14(a)(i)&#8239;or
(ii)&#8239;above or (y)&#8239;an ABR Loan if the Daily Simple RFR for Dollar Borrowings also is the subject of Section&#8239;2.14(a)(i)&#8239;or
(ii)&#8239;above, on such day, and (2)&#8239;any RFR Loan shall on and from such day be converted by the Administrative Agent to, and shall
constitute an ABR Loan, (ii)&#8239;for Loans denominated in Dollars under the Canadian Facility, the European Facility, the French Facility
and/or the Hong Kong Facility, (1)&#8239;any Term Benchmark Loan shall on the last day of the Interest Period applicable to such Loan and
any Overnight Rate Loan shall on such day or the next succeeding Business Day, be converted by the Administrative Agent to, and shall
constitute, (x)&#8239;an RFR Borrowing denominated in Dollars so long as the Daily Simple RFR for Dollar Borrowings is not also the subject
of Section&#8239;2.14(a)(i)&#8239;or (ii)&#8239;above, on such day or (y)&#8239;an Alternate Rate Loan if the Daily Simple RFR for Dollar
Borrowings also is the subject of Section&#8239;2.14(a)(i)&#8239;or (ii)&#8239;above, on such day, and (2)&#8239;any RFR Loan shall on and
from such day be converted by the Administrative Agent to, and shall constitute an Alternate Rate Loan, (iii)</U></FONT>&#8239;for any
Term Benchmark Loan denominated in Canadian Dollars, on the last day of the Interest Period applicable to such Loan (or the next succeeding
Business Day if such day is not a Business Day), such Loan shall be converted by the Administrative Agent to, and shall constitute, a
Canadian Prime Rate Loan denominated in Canadian Dollars on such day, (<FONT STYLE="color: red"><STRIKE>iii</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>iv</U></FONT>)
for any Term Benchmark Loan denominated in Hong Kong Dollars <FONT STYLE="color: red"><STRIKE>or Dollars (other than any Term Benchmark
Loan under the U.S. Facility) or Overnight Rate Loan denominated in Dollars</STRIKE></FONT>, on the last day of the Interest Period applicable
to such Loan (or the next succeeding Business Day if such day is not a Business Day), such Loan shall be converted by the Administrative
Agent to, and shall constitute, an Alternate Rate Loan denominated in Hong Kong Dollars <FONT STYLE="color: red"><STRIKE>or Dollars, as
applicable, </STRIKE></FONT>on such day, (<FONT STYLE="color: red"><STRIKE>iv</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>v</U></FONT>)
for any Term Benchmark Loan denominated in Euros, such Loan shall, on the last day of the Interest Period applicable to such Loan (or
the next succeeding Business Day if such day is not a Business Day) be converted by the Administrative Agent to, and shall constitute,
a CBR Loan and shall bear interest at the Central Bank Rate for the applicable Agreed Currency plus the CBR Spread; <U>provided</U> that,
if the Administrative Agent determines (which determination shall be conclusive and binding absent manifest error) that the Central Bank
Rate for the applicable Agreed Currency cannot be determined, any outstanding affected Term Benchmark Loans denominated in Euros shall,
at the Borrower Representative&rsquo;s election prior to such day: (A)&#8239;be prepaid by the relevant Borrower on such day or (B)&#8239;solely
for the purpose of calculating the interest rate applicable to such Term Benchmark Loan, such Term Benchmark Loan denominated in Euros
shall be deemed to be a Term Benchmark Loan denominated in Dollars and shall accrue interest at the same interest rate applicable to Term
Benchmark Loans denominated in Dollars at such time or (<FONT STYLE="color: red"><STRIKE>v</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>vi</U></FONT>)
for any RFR Loan denominated in Pounds Sterling or Overnight Rate Loan denominated in Euros or Pounds Sterling, then such Loan shall bear
interest at the Central Bank Rate for the applicable Agreed Currency plus the CBR Spread; <U>provided</U> that, if the Administrative
Agent determines (which determination shall be conclusive and binding absent manifest error) that the Central Bank Rate for the applicable
Agreed Currency cannot be determined, any such outstanding affected RFR Loans or Overnight Rate Loans, at the <FONT STYLE="color: red"><STRIKE>Borrower&rsquo;s</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Borrower
Representative&rsquo;s</U></FONT> election, shall either (A)&#8239;be converted into Alternate Rate Loans denominated in Dollars (in an
amount equal to the Dollar Equivalent of such Alternative Currency) immediately or (B)&#8239;be prepaid in full immediately.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(b)</U></FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Notwithstanding
anything to the contrary herein or in any other Loan Document (and any Swap Agreement shall be deemed not to be a &ldquo;Loan Document&rdquo;
for purposes of this Section&#8239;2.14), if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred prior
to the Reference Time in respect of any setting of the then-current Benchmark, then (x)&#8239;if a Benchmark Replacement is determined
in accordance with clause (1)&#8239;of the definition of &ldquo;Benchmark Replacement&rdquo; with respect to Dollars for such Benchmark
Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect
of such Benchmark setting and subsequent Benchmark settings without any amendment to, or further action or consent of any other party
to, this Agreement or any other Loan Document and (y)&#8239;if a Benchmark Replacement is determined in accordance with clause (2)&#8239;of
the definition of &ldquo;Benchmark Replacement&rdquo; with respect to any Agreed Currency for such Benchmark Replacement Date, such Benchmark
Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of any Benchmark setting at
or after 5:00 p.m.&#8239;(New York City time) on the fifth (5th) Business Day after the date notice of such Benchmark Replacement is provided
to the Lenders without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document
so long as the Administrative Agent has not received, by such time, written notice of objection to such Benchmark Replacement from Lenders
comprising the Required Lenders of each affected Facility.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(c)</U></FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Notwithstanding
anything to the contrary herein or in any other Loan Document, the Administrative Agent will have the right to make Benchmark Replacement
Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments
implementing such Benchmark Replacement Conforming Changes will become effective without any further action or consent of any other party
to this Agreement or any other Loan Document.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(d)</U></FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>The
Administrative Agent will promptly notify the Borrower Representative and the Lenders of (i)&#8239;any occurrence of a Benchmark Transition
Event, (ii)&#8239;the implementation of any Benchmark Replacement, (iii)&#8239;the effectiveness of any Benchmark Replacement Conforming
Changes, (iv)&#8239;the removal or reinstatement of any tenor of a Benchmark pursuant to clause (f)&#8239;below and (v)&#8239;the commencement
or conclusion of any Benchmark Unavailability Period. Any determination, decision or election that may be made by the Administrative Agent
or, if applicable, any Lender (or group of Lenders) pursuant to this &lrm;Section&#8239;2.14, including any determination with respect
to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain
from taking any action or any selection, will be conclusive and binding absent manifest error and may be made in its or their sole discretion
and without consent from any other party to this Agreement or any other Loan Document, except, in each case, as expressly required pursuant
to this &lrm;Section&#8239;2.14.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(e)</U></FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Notwithstanding
anything to the contrary herein or in any other Loan Document, at any time (including in connection with the implementation of a Benchmark
Replacement), (i)&#8239;if the then-current Benchmark is a term rate (including the Adjusted Term SOFR Rate, the Term SOFR Rate, the Adjusted
EURIBOR Rate, the EURIBOR Rate, the CDOR Rate or the HIBOR Rate) and either (A)&#8239;any tenor for such Benchmark is not displayed on
a screen or other information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable
discretion or (B)&#8239;the regulatory supervisor for the administrator of such Benchmark has provided a public statement or publication
of information announcing that any tenor for such Benchmark is or will be no longer representative, then the Administrative Agent may
modify the definition of &ldquo;Interest Period&rdquo; for any Benchmark settings at or after such time to remove such unavailable or
non-representative tenor and (ii)&#8239;if a tenor that was removed pursuant to clause (i)&#8239;above either (A)&#8239;is subsequently displayed
on a screen or information service for a Benchmark (including a Benchmark Replacement) or (B)&#8239;is not, or is no longer, subject to
an announcement that it is or will no longer be representative for a Benchmark (including a Benchmark Replacement), then the Administrative
Agent may modify the definition of &ldquo;Interest Period&rdquo; for all Benchmark settings at or after such time to reinstate such previously
removed tenor.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(f)</U></FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Upon
the Borrower Representative&rsquo;s receipt of notice of the commencement of a Benchmark Unavailability Period, the Borrower Representative
may revoke any request for a Term Benchmark Borrowing or RFR Borrowing of, conversion to or continuation of Term Benchmark Loans to be
made, converted or continued during any Benchmark Unavailability Period and, failing that, either (x)&#8239;the Borrower Representative
will be deemed to have converted any request for (1)&#8239;a Term Benchmark Borrowing denominated in Dollars under the U.S. Facility into
a request for a Borrowing of or conversion to (A)&#8239;an RFR Borrowing denominated in Dollars so long as the Daily Simple RFR for Dollar
Borrowings is not the subject of a Benchmark Transition Event or (B)&#8239;an ABR Borrowing if the Daily Simple RFR for Dollar Borrowings
is the subject of a Benchmark Transition Event or (y)&#8239;any Term Benchmark Borrowing or RFR Borrowing denominated in an Alternative
Currency or denominated in Dollars (other than any Borrowing under the U.S. Facility) shall be ineffective. During any Benchmark Unavailability
Period or at any time that a tenor for the then-current Benchmark is not an Available Tenor, the component of ABR based upon the then-current
Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination of ABR. Furthermore, if any Term Benchmark
Loan or RFR Loan in any Agreed Currency is outstanding on the date of the Borrower Representative&rsquo;s receipt of notice of the commencement
of a Benchmark Unavailability Period with respect to a Relevant Rate applicable to such Term Benchmark Loan or RFR Loan, then until such
time as a Benchmark Replacement for such Agreed Currency is implemented pursuant to this Section&#8239;2.14, (i)&#8239;for Loans denominated
in Dollars under the U.S. Facility, (1)&#8239;any Term Benchmark Loan shall on the last day of the Interest Period applicable to such Loan
be converted by the Administrative Agent to, and shall constitute, (x)&#8239;an RFR Borrowing denominated in Dollars so long as the Daily
Simple RFR for Dollar Borrowings is not the subject of a Benchmark Transition Event or (y)&#8239;an ABR Loan if the Daily Simple RFR for
Dollar Borrowings is the subject of a Benchmark Transition Event, on such day and (2)&#8239;any RFR Loan shall on and from such day be
converted by the Administrative Agent to, and shall constitute an ABR Loan, (ii)&#8239;for Loans denominated in Dollars under the Canadian
Facility, the European Facility, the French Facility and/or the Hong Kong Facility, (1)&#8239;any Term Benchmark Loan shall on the last
day of the Interest Period applicable to such Loan and any Overnight Rate Loan shall on such day or the next succeeding Business Day,
be converted by the Administrative Agent to, and shall constitute, (x)&#8239;an RFR Borrowing denominated in Dollars so long as the Adjusted
Daily Simple SOFR is not also the subject of Section&#8239;2.14(a)(i)&#8239;or (ii)&#8239;above, on such day or (y)&#8239;an Alternate Rate
Loan if the Adjusted Daily Simple SOFR also is the subject of Section&#8239;2.14(a)(i)&#8239;or (ii)&#8239;above, on such day, and (2)&#8239;any
RFR Loan shall on and from such day be converted by the Administrative Agent to, and shall constitute an Alternate Rate Loan, (iii)&#8239;for
any Term Benchmark Loan denominated in Canadian Dollars, on the last day of the Interest Period applicable to such Loan (or the next succeeding
Business Day if such day is not a Business Day), such Loan shall be converted by the Administrative Agent to, and shall constitute, a
Canadian Prime Rate Loan denominated in Canadian Dollars on such day, (iv)&#8239;for any Term Benchmark Loan denominated in Hong Kong Dollars,
on the last day of the Interest Period applicable to such Loan (or the next succeeding Business Day if such day is not a Business Day),
such Loan shall be converted by the Administrative Agent to, and shall constitute, an Alternate Rate Loan denominated in Hong Kong Dollars
on such day, (v)&#8239;for any Term Benchmark Loan denominated in Euros, such Loan shall, on the last day of the Interest Period applicable
to such Loan (or the next succeeding Business Day if such day is not a Business Day) be converted by the Administrative Agent to, and
shall constitute, a CBR Loan and shall bear interest at the Central Bank Rate for the applicable Agreed Currency plus the CBR Spread;
provided that, if the Administrative Agent determines (which determination shall be conclusive and binding absent manifest error) that
the Central Bank Rate (or the Canadian Prime Rate or Alternate Rate, as applicable) for the applicable Agreed Currency cannot be determined,
any outstanding affected Term Benchmark Loans denominated in any Agreed Currency shall, at the Borrower Representative&rsquo;s election
prior to such day: (A)&#8239;be prepaid by the relevant Borrower on such day or (B)&#8239;solely for the purpose of calculating the interest
rate applicable to such Term Benchmark Loan, such Term Benchmark Loan denominated in any Alternative Currency shall be deemed to be a
Term Benchmark Loan denominated in Dollars and shall accrue interest at the same interest rate applicable to Term Benchmark Loans denominated
in Dollars at such time or (vi)&#8239;for any RFR Loan denominated in Pounds Sterling or Overnight Rate Loan denominated in Euros or Pounds
Sterling, then such Loan shall bear interest at the Central Bank Rate for the applicable Agreed Currency plus the CBR Spread; provided
that, if the Administrative Agent determines (which determination shall be conclusive and binding absent manifest error) that the Central
Bank Rate for the applicable Agreed Currency cannot be determined, any such outstanding affected RFR Loans or Overnight Rate Loans, at
the Borrower Representative&rsquo;s election, shall either (A)&#8239;be converted into Alternate Rate Loans denominated in Dollars (in
an amount equal to the Dollar Equivalent of such Alternative Currency) immediately or (B)&#8239;be prepaid in full immediately.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(<FONT STYLE="color: red"><STRIKE>b</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>g</U></FONT>)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If
any Lender determines that any Requirement of Law has made it unlawful, or if any Governmental Authority has asserted that it is unlawful,
for any Lender or its applicable lending office to make, maintain, fund or continue any Term Benchmark Borrowing, RFR Borrowing or Overnight
Rate Borrowing, or any Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or
to take deposits of, dollars in the London interbank market, then, on notice thereof by such Lender to the Borrowers through the Administrative
Agent, any obligations of such Lender to make, maintain, fund or continue Term Benchmark Loans, RFR Loans or Overnight Rate Loans or to
convert ABR Borrowings to Term Benchmark Borrowings or to convert Canadian Prime Rate Borrowings to CDOR Rate Borrowings or to convert
Alternate Rate Borrowings to HIBOR Borrowings will be suspended until such Lender notifies the Administrative Agent and the Borrowers
that the circumstances giving rise to such determination no longer exist. Upon receipt of such notice, the Borrowers will upon demand
from such Lender (with a copy to the Administrative Agent), either prepay all applicable Term Benchmark Borrowings, RFR Borrowings or
Overnight Rate Borrowings of such Lender or convert all Term Benchmark Borrowings, RFR Borrowings or Overnight Rate Borrowings of such
Lender to ABR Borrowings (in the case of Adjusted <FONT STYLE="color: red"><STRIKE>LIBO</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term
SOFR</U></FONT> Rate Borrowings under the U.S. Facility), Canadian Prime Rate Borrowings (in the case of CDOR Rate Borrowings), Central
Bank Rate Borrowings (in the case of Term Benchmark Borrowings, RFR Borrowings and Overnight Rate Borrowings, in each case, denominated
in Euros or Pounds Sterling) and Alternate Rate Borrowings (in the case HIBOR Borrowings, Term Benchmark Borrowings denominated in Dollars
(other than Term Benchmark Borrowings under the U.S. Facility) and Overnight Rate Borrowings denominated in Dollars), respectively, either
on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such Term Benchmark Borrowings, RFR
Borrowings or Overnight Rate Borrowings to such day, or immediately, if such Lender may not lawfully continue to maintain such Loans.
Upon any such conversion or prepayment, the Borrowers will also pay accrued interest on the amount so converted or prepaid.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="color: red"><STRIKE>(c)</STRIKE></FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="color: red"><STRIKE>If
at any time (i)&#8239;the Administrative Agent determines (which determination shall be conclusive absent manifest error) that the circumstances
set forth with respect to the Adjusted LIBO Rate in clause (a)(i)&#8239;have arisen and such circumstances are unlikely to be temporary
or (ii)&#8239;the circumstances set forth in clause (a)(i)&#8239;have not arisen but either (w)&#8239;the supervisor for the administrator
of the LIBO Screen Rate has made a public statement that the administrator of the LIBO Screen Rate is insolvent (and there is no successor
administrator that will continue publication of the LIBO Screen Rate), (x)&#8239;the administrator of the LIBO Screen Rate has made a public
statement identifying a specific date after which the LIBO Screen Rate will permanently or indefinitely cease to be published by it (and
there is no successor administrator that will continue publication of the LIBO Screen Rate), (y)&#8239;the supervisor for the administrator
of the LIBO Screen Rate has made a public statement identifying a specific date after which the LIBO Screen Rate will permanently or indefinitely
cease to be published or (z)&#8239;the supervisor for the administrator of the LIBO Screen Rate or a Governmental Authority having jurisdiction
over the Administrative Agent has made a public statement identifying a specific date after which the LIBO Screen Rate may no longer be
used for determining interest rates for loans, then the Administrative Agent and the Borrowers (A)&#8239;shall endeavor to establish an
alternate benchmark rate of interest to the LIBO Rate that gives due consideration to the then prevailing market convention for determining
a rate of interest for syndicated loans in the United States at such time; </STRIKE><U><STRIKE>provided</STRIKE></U> <STRIKE>that, if
such alternate rate of interest shall be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement, and
(B)&#8239;shall enter into an amendment to this Agreement, at no cost to the Loan Parties other than the reimbursement of the Administrative
Agent&rsquo;s costs and expenses as contemplated by Section&#8239;9.03 of this Agreement, to reflect such alternate rate of interest and
such other related changes to this Agreement as may be applicable (but for the avoidance of doubt, such related changes shall not include
a reduction of the Applicable Rate). Notwithstanding anything to the contrary in Section&#8239;9.02, such amendment shall become effective
without any further action or consent of any other party to this Agreement so long as the Administrative Agent shall not have received,
within five Business Days of the date notice of such alternate rate of interest is provided to the Lenders, a written notice from the
Required Lenders stating that such Required Lenders object to such amendment. Until an alternate rate of interest shall be determined
in accordance with this clause (c)&#8239;(but, in the case of the circumstances described in clause (ii)(w), clause (ii)(x)&#8239;or clause
(ii)(y)&#8239;of the first sentence of this Section&#8239;2.14(c), only to the extent the LIBO Screen Rate for such Interest Period is not
available or published at such time on a current basis), (x)&#8239;any Interest Election Request that requests the conversion of any Revolving
Borrowing to, or continuation of any Revolving Borrowing as, an Adjusted LIBO Rate Borrowing shall be ineffective, and (y)&#8239;if any
Borrowing Request requests an Adjusted LIBO Rate Borrowing, such Borrowing shall be made as an ABR Borrowing.</STRIKE></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<!-- Field: Split-Segment; Name: 7 -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;2.15&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Increased
Costs</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If
any Change in Law shall:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;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 such reserve requirement reflected in the
applicable Term Benchmark) or any Issuing Bank; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;impose
on any Lender or any Issuing Bank or the London, Canadian or other applicable offshore interbank market for the applicable Agreed Currency
any other condition, cost or expense (other than Taxes) affecting this Agreement or Loans made by such Lender or any Letter of Credit
or participation therein,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iii)&#8239;&#8239;&#8239;&#8239;subject
any Recipient to any Taxes (other than any (A)&nbsp;Indemnified Taxes or (B)&nbsp;Excluded Taxes) on or with respect to its loans, loan
principal, letters of credit, commitments or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">and the result of any of the foregoing shall be to increase the cost
to such Lender or other Recipient of making, converting to, continuing or maintaining any Loan or of maintaining its obligation to make
any such Loan, or to increase the cost to such Lender or other Recipient of participating in, issuing or maintaining any Letter of Credit
(or of maintaining its obligation to participate in or to issue any Letter of Credit), or to reduce the amount of any sum received or
receivable by such Lender or other Recipient hereunder (whether of principal, interest or any other amount) then, from time to time upon
request of such Lender or other Recipient, the applicable Borrower(s)&nbsp;will pay to such Lender or other Recipient, as the case may
be, such additional amount or amounts as will compensate such Lender or other Recipient, as the case may be, for such additional costs
or expenses incurred or reduction suffered.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If
any Lender or any Issuing Bank determines that any Change in Law regarding capital or liquidity requirements has had or would have the
effect of reducing the rate of return on such Lender&rsquo;s or such Issuing Bank&rsquo;s capital or on the capital of such Lender&rsquo;s
or such Issuing Bank&rsquo;s holding company, if any, as a consequence of this Agreement, the Revolving Commitments of such Lender or
the Loans made by, or participations in Letters of Credit or Loans held by, such Lender, or the Letters of Credit issued by such Issuing
Bank, to a level below that which such Lender or such Issuing Bank or such Lender&rsquo;s or such Issuing Bank&rsquo;s holding company
could have achieved but for such Change in Law (taking into consideration such Lender&rsquo;s or such Issuing Bank&rsquo;s policies and
the policies of such Lender&rsquo;s or such Issuing Bank&rsquo;s holding company with respect to capital adequacy or liquidity), then,
from time to time upon request of such Lender or such Issuing Bank, the applicable Borrower(s)&nbsp;will pay to such Lender or such Issuing
Bank, as the case may be, such additional amount or amounts as will compensate such Lender or such Issuing Bank or such Lender&rsquo;s
or such Issuing Bank&rsquo;s holding company for any such reduction suffered.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;A
certificate of a Lender or an Issuing Bank setting forth the amount or amounts necessary to compensate such Lender or such Issuing Bank
or its holding company, as the case may be, as specified in paragraph (a)&nbsp;or (b)&nbsp;of this Section&nbsp;delivered to the Borrower
Representative shall be conclusive absent manifest error. The applicable Borrower(s)&nbsp;shall pay such Lender or such Issuing Bank,
as the case may be, the amount shown as due on any such certificate within 10 days after receipt thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Failure
or delay on the part of any Lender or any Issuing Bank to demand compensation pursuant to this Section&nbsp;shall not constitute a waiver
of such Lender&rsquo;s or such Issuing Bank&rsquo;s right to demand such compensation; <U>provided</U> that the Borrowers shall not be
required to compensate a Lender or an Issuing Bank pursuant to this Section&nbsp;for any increased costs or expenses incurred or reductions
suffered more than 270 days prior to the date that such Lender or such Issuing Bank, as the case may be, notifies the Borrower Representative
of the Change in Law giving rise to such increased costs or expenses or reductions and of such Lender&rsquo;s or such Issuing Bank&rsquo;s
intention to claim compensation therefor; <U>provided</U>, <U>further</U>, that, if the Change in Law giving rise to such increased costs
or expenses or reductions is retroactive, then the 270-day period referred to above shall be extended to include the period of retroactive
effect thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Notwithstanding
the above, a Lender will not be entitled to demand compensation for any increased cost or reduction set forth in this Section&nbsp;2.15
at any time if it is not the general practice and policy of such Lender to demand such compensation from similarly situated borrowers
in similar circumstances under agreements containing provisions permitting such compensation to be claimed at such time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;2.16&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Break
Funding Payment</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;With
respect to Loans that are not RFR Loans, in the event of (a)&nbsp;the payment of any principal of any Term Benchmark Loan other than on
the last day of an Interest Period applicable thereto (including as a result of an Event of Default), (b)&nbsp;the conversion of any Term
Benchmark Loan other than on the last day of the Interest Period applicable thereto, (c)&nbsp;the failure to borrow, convert, continue
or prepay any Term Benchmark Loan on the date specified in any notice delivered pursuant hereto (regardless of whether such notice may
be revoked under Section&nbsp;2.11(c)&nbsp;and is revoked in accordance therewith), or (d)&nbsp;the assignment of any Term Benchmark Loan
other than on the last day of the Interest Period applicable thereto as a result of Section&nbsp;2.09(e)&nbsp;or a request by the Borrower
Representative pursuant to Section&nbsp;2.19, then, in any such event, the Borrowers shall compensate each Lender for the loss, cost and
expense (excluding any loss of margin) attributable to such event. In the case of a Term Benchmark Loan, such loss, cost or expense to
any Lender shall be deemed to include an amount determined by such Lender to be the excess, if any, of (i)&nbsp;the amount of interest
that would have accrued on the principal amount of such Loan had such event not occurred, at the Adjusted <FONT STYLE="color: red"><STRIKE>LIBO</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term
SOFR</U></FONT> Rate, Adjusted EURIBOR Rate, CDOR Rate or HIBOR Rate, as applicable, that would have been applicable to such Loan (but
not including the Applicable Rate applicable thereto), for the period from the date of such event to the last day of the then current
Interest Period therefor (or, in the case of a failure to borrow, convert or continue, for the period that would have been the Interest
Period for such Loan), over (ii)&nbsp;the amount of interest that would accrue on such principal amount for such period at the interest
rate such Lender would bid if it were to bid, at the commencement of such period, for deposits in the applicable Agreed Currency of a
comparable amount and period from other banks in the applicable offshore interbank market for such Agreed Currency, as applicable. A certificate
of any Lender delivered to the Borrower Representative and setting forth and explaining in reasonable detail any amount or amounts that
such Lender is entitled to receive pursuant to this Section&nbsp;shall be conclusive absent manifest error. The applicable Borrower(s)&nbsp;shall
pay such Lender the amount shown as due on any such certificate within 30 days after receipt thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;With
respect to RFR Loans, in the event of (i)&nbsp;the payment of any principal of any RFR Loan other than on the Interest Payment Date applicable
thereto (including as a result of an Event of Default or an optional or mandatory prepayment of Loans), (ii)&nbsp;the failure to borrow
or prepay any RFR Loan on the date specified in any notice delivered pursuant hereto (regardless of whether such notice may be revoked
under &lrm;Section&nbsp;2.11(b)&nbsp;and is revoked in accordance therewith), (iii)&nbsp;the assignment of any RFR Loan other than on
the Interest Payment Date applicable thereto as a result of a request by the Borrower pursuant to &lrm;Section&nbsp;2.19 or (iv)&nbsp;the
failure by the Borrower to make any payment of any Loan or drawing under any Letter of Credit (or interest due thereof) denominated in
an Alternative Currency on its scheduled due date or any payment thereof in a different currency, then, in any such event, the Borrower
shall compensate each Lender for the loss, cost and expense attributable to such event. A certificate of any Lender delivered to the Borrower
Representative and setting forth and explaining in reasonable detail any amount or amounts that such Lender is entitled to receive pursuant
to this Section&nbsp;shall be conclusive absent manifest error. The applicable Borrower(s)&nbsp;shall pay such Lender the amount shown
as due on any such certificate within 30 days after receipt thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;2.17&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Taxes</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Payments
Free of Taxes</U>. Any and all payments by or on account of any obligation of any Loan Party under any Loan Document shall be made without
deduction or withholding for any Taxes, except as required by applicable law. If any applicable law (as determined in the good faith discretion
of an applicable withholding agent) requires the deduction or withholding of any Tax from any such payment by any applicable withholding
agent, then the applicable withholding agent shall be entitled to make such deduction or withholding and shall timely pay the full amount
deducted or withheld to the relevant Governmental Authority in accordance with applicable law and, if such Tax is an Indemnified Tax,
then the sum payable by the applicable Loan Party shall be increased as necessary so that after such deduction or withholding has been
made (including such deductions and withholdings applicable to additional sums payable under this Section) the applicable Lender (or,
in the case of payments made to any Administrative Agent for its own account, such Administrative Agent) receives an amount equal to the
sum it would have received had no such deduction or withholding been made.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Payment
of Other Taxes by the Loan Parties</U>. The Loan Parties shall timely pay to the relevant Governmental Authority in accordance with applicable
law, or at the option of the Administrative Agent, timely reimburse it (or, as applicable, the relevant Lenders) for the payment of, any
Other Taxes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Evidence
of Payment</U>. As soon as practicable after any payment of Taxes by any Loan Party to a Governmental Authority pursuant to this Section&nbsp;2.17,
such Loan Party shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority
evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the
Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Indemnification
by the Loan Parties</U>. The applicable Loan Parties shall jointly and severally indemnify each Recipient, within 10 days after written
demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts
payable under this Section&nbsp;2.17) payable or paid by such Recipient and any reasonable expenses arising therefrom or with respect
thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A
certificate as to the amount of such payment or liability delivered to the Borrower Representative by a Lender (with a copy to the Administrative
Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Status
of Lenders</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Any
Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document shall
deliver to the Borrower Representative and the Administrative Agent, at the time or times reasonably requested by the Borrower Representative
or the Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrower Representative or
the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition,
any Lender, if reasonably requested by the Borrower Representative or the Administrative Agent, shall deliver such other documentation
prescribed by applicable law or reasonably requested by the Borrower Representative or the Administrative Agent as will enable the Borrower
Representative or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting
requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such
documentation (other than such documentation set forth in Section&nbsp;2.17(e)(ii)(A), (ii)(B), (ii)(D), (ii)(F)&nbsp;and (ii)(G)&nbsp;below)
shall not be required if in the Lender&rsquo;s reasonable judgment such completion, execution or submission would subject such Lender
to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Without
limiting the generality of the foregoing:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(A)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
Lender to a U.S. Borrower that is a U.S. Person shall deliver to the Borrower Representative and the Administrative Agent on or prior
to the date on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of
the Borrower Representative or the Administrative Agent), an executed copy of IRS Form&nbsp;W-9 certifying that such Lender is exempt
from U.S. federal backup withholding;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(B)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
Foreign Lender to a U.S. Borrower shall deliver to the Borrower Representative and the Administrative Agent on or prior to the date on
which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower
Representative or the Administrative Agent), whichever of the following is applicable (in such number of copies as shall be requested
by the recipient;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">(1)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;an
executed copy of IRS Form&nbsp;W-8BEN or W-8BEN-E (or any successor forms) claiming eligibility for the benefits of an income tax treaty
to which the United States is a party;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">(2)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;an
executed copy of IRS Form&nbsp;W-8ECI (or any successor forms);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">(3)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;in
the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section&nbsp;881(c)&nbsp;of the Code,
(x)&nbsp;a certificate substantially in the form of Exhibit&nbsp;I to the effect that such Foreign Lender is not a &ldquo;bank&rdquo;
within the meaning of Section&nbsp;881(c)(3)(A)&nbsp;of the Code, a &ldquo;10-percent shareholder&rdquo; of any U.S. Borrower within the
meaning of Section&nbsp;871(h)(3)(B)&nbsp;of the Code, or a &ldquo;controlled foreign corporation&rdquo; described in Section&nbsp;881(c)(3)(C)&nbsp;of
the Code and that no payments in connection with any Loan Document are effectively connected with the Foreign Lender&rsquo;s conduct of
a U.S. trade or business (a &ldquo;<U>U.S. Tax Compliance Certificate</U>&rdquo;) and (y)&nbsp;an executed copy of IRS Form&nbsp;W-8BEN
or W-8BEN-E (or any successor forms); or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">(4)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
the extent a Foreign Lender is not the beneficial owner (for example, where the Foreign Lender is a partnership or a participating Lender),
an executed copy of IRS Form&nbsp;W-8IMY (or any successor forms), accompanied by IRS Form&nbsp;W-8ECI,&nbsp;IRS Form&nbsp;W-8BEN or W-8BEN-E,
a U.S. Tax Compliance Certificate substantially in the form of <U>Exhibit&nbsp;I</U>,&nbsp;IRS Form&nbsp;W-9, and/or other certification
documents from each beneficial owner, as applicable; <U>provided</U> that if the Foreign Lender is a partnership (and not a participating
Lender) and one or more direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign
Lender may provide a U.S. Tax Compliance Certificate substantially in the form of <U>Exhibit&nbsp;I</U> on behalf of each such direct
and indirect partner;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(C)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
Foreign Lender to a U.S. Borrower shall deliver to the Borrower Representative and the Administrative Agent (in such number of copies
as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and
from time to time thereafter upon the reasonable request of the Borrower Representative or the Administrative Agent), executed copies
of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax,
duly completed, together with such supplementary documentation as may be prescribed by applicable law to permit the Borrower Representative
or the Administrative Agent to determine the withholding or deduction required to be made;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(D)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;if
a payment made by a Lender to a U.S. Borrower under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA
if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section&nbsp;1471(b)&nbsp;or
1472(b)&nbsp;of the Code, as applicable), such Lender shall deliver to the Borrower Representative and the Administrative Agent at the
time or times prescribed by law and at such time or times reasonably requested by the Borrower Representative or the Administrative Agent
such documentation prescribed by applicable law (including as prescribed by Section&nbsp;1471(b)(3)(C)(i)&nbsp;of the Code) and such additional
documentation reasonably requested by the Borrower Representative or the Administrative Agent as may be necessary for the Borrower Representative
and the Administrative Agent to comply with their obligations under FATCA, to determine whether such Lender has complied with such Lender&rsquo;s
obligations under FATCA and to determine, if any, the amount to deduct and withhold from such payment. Solely for purposes of this clause
(D), &ldquo;FATCA&rdquo; shall include any amendments made to FATCA after the Effective Date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(E)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;each
Lender providing any French Revolving Loans or any Letter of Credit to a French Borrower represents that (1)&nbsp;on the date hereof it
is not incorporated or domiciled (or acting through an office or carrying on a trade or business (&ldquo;<I>&eacute;tablissement stable</I>&rdquo;)
(in each case, to which the French Facility is attributable) located) in a Non-Cooperative Jurisdiction, and that (2)&nbsp;it shall not
receive payments on an account opened in its name or for its benefit in a financial institution situated in a Non-Cooperative Jurisdiction;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(F)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;subject
to Section&nbsp;2.17(e)(ii)(G)&nbsp;below, each Lender providing any UK Revolving Loans or any Letter of Credit to a UK Payer, and each
UK Payer which makes a payment to such a Lender, shall co-operate in completing as soon as reasonably practicable any procedural formalities
necessary for that UK Payer to obtain authorisation to make that payment without a deduction or withholding for or on account of tax imposed
by the United Kingdom;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(G)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;a
Lender within Section&nbsp;2.17(e)(ii)(F):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">(1)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;that
is a Lender on the Effective Date, holds a passport under the HMRC DT Treaty Passport Scheme and wishes that scheme to apply to this Agreement
shall inform the Borrower Representative and the Administrative Agent in writing of its scheme reference number and its jurisdiction of
tax residence;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">(2)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;that
becomes a Lender hereunder after the Effective Date, that holds a passport under the HMRC DT Treaty Passport Scheme, and that wishes such
scheme to apply to this Agreement, shall inform the Borrower Representative and the Administrative Agent in writing of its scheme reference
number and its jurisdiction of tax residence,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">and upon satisfying either Section&nbsp;2.17(e)(ii)(G)(1)&nbsp;or
(2)&nbsp;above, such Lender shall have satisfied its obligation under Section&nbsp;2.17(e)(ii)(F)&nbsp;above;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(H)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;if
a Lender has informed the Borrower Representative and the Administrative Agent in writing of its scheme reference number and its jurisdiction
of tax residence in accordance with Section&nbsp;2.17(e)(ii)(G)&nbsp;above and the UK Payer making a payment to that Lender has made a
Borrower DTTP Filing in respect of that Lender but (x)&nbsp;that Borrower DTTP Filing has been rejected by HM Revenue and Customs or (y)&nbsp;HM
Revenue&nbsp;&amp; Customs has not within 60 days of the date of the Borrower DTTP Filing given the UK Borrower authority to make payments
to that Lender without a deduction or withholding for or on account of tax imposed under the laws of the United Kingdom, and in each case,
the UK Payer has notified that Lender in writing, that Lender and the UK Payer shall co-operate in completing as soon as reasonably practicable
any additional procedural formalities necessary for that UK Payer to obtain authorisation to make that payment without a deduction or
withholding for or on account of tax imposed under the laws of the United Kingdom;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(I)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;if
a Lender providing any UK Revolving Loans or any Letter of Credit to a UK Payer has not informed the Borrower Representative and Administrative
Agent of its scheme reference number and jurisdiction of tax residence in accordance with 2.17(e)(ii)(G)&nbsp;above, no UK Payer shall
make a Borrower DTTP Filing or file any other form relating to the HMRC DT Treaty Passport Scheme in respect of that Lender unless the
Lender otherwise agrees; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(J)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;each
UK Payer shall, promptly on making a Borrower DTTP Filing, deliver a copy of such Borrower DTTP Filing to the Administrative Agent for
delivery to the relevant Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Each Lender agrees that if any form or certification it previously
delivered (including any specific documentation required in this Section&nbsp;2.17(e)) expires or becomes obsolete or inaccurate in any
respect, it shall deliver promptly to the Borrower Representative or the Administrative Agent updated or other appropriate documentation
(including any new documentation reasonably request by the Borrower or the Administrative Agent) or promptly notify the Borrower Representative
and the Administrative Agent in writing of its legal ineligibility to do so.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Each Lender hereby authorizes the Administrative Agent to deliver to
the Loan Parties and to any other successor Administrative Agent any documentation provided by such Lender pursuant to this Section&nbsp;2.17(e).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Notwithstanding any other provision of this Section&nbsp;2.17(e), a
Lender shall not be required to deliver any documentation that such Lender is not legally eligible to deliver.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Treatment
of Certain Refunds</U>. If any Recipient determines, in its sole discretion exercised in good faith, that it has received a refund of
any Indemnified Taxes as to which it has been indemnified pursuant to this Section&nbsp;2.17 (including by the payment of additional amounts
pursuant to this Section&nbsp;2.17), it shall pay to the indemnifying party an amount equal to such refund (but only to the extent of
indemnity payments made under this Section&nbsp;2.17 with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses
(including Taxes) of such indemnified party and without interest (other than any interest paid by the relevant Governmental Authority
with respect to such refund). Such indemnifying party, upon the request of such indemnified party, shall repay to such indemnified party
the amount paid over pursuant to this Section&nbsp;2.17 (plus any penalties, interest or other charges imposed by the relevant Governmental
Authority) in the event that such indemnified party is required to repay such refund to such Governmental Authority. Notwithstanding anything
to the contrary in this Section&nbsp;2.17, in no event will the indemnified party be required to pay any amount to an indemnifying party
pursuant to this Section&nbsp;2.17 the payment of which would place the indemnified party in a less favorable net after-Tax position than
the indemnified party would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld
or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid. This Section&nbsp;2.17
shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes
that it deems confidential) to any Loan Party or any other Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Defined
Terms</U>. For the avoidance of doubt, for purposes of this Section&nbsp;2.17, the term &ldquo;Lender&rdquo; includes any Issuing Bank
and any Swingline Lender and, for purposes of this Section&nbsp;2.17(e)(ii)(C)&nbsp;and (ii)(D), the term &ldquo;applicable law&rdquo;
includes FATCA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>VAT</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;All
amounts set out or expressed in a Loan Document to be payable by any Loan Party to any Lender Party which (in whole or in part) constitute
the consideration for a supply or supplies for VAT purposes shall be deemed to be exclusive of any VAT which is chargeable on such supply
or supplies, and accordingly, subject to Section&nbsp;2.17(h)(ii), if VAT is or becomes chargeable on any supply made by any Lender Party
to any Loan Party under a Loan Document, that Loan Party shall pay to the Lender Party (in addition to and at the same time as paying
any other consideration for such supply) an amount equal to the amount of such VAT (and the relevant Lender Party shall promptly provide
an appropriate VAT invoice to such Loan Party).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Where
a Loan Document requires any Loan Party to reimburse or indemnify a Lender Party for any cost or expense, that Loan Party shall reimburse
or indemnify (as the case may be) such Lender Party for the full amount of such cost or expense, including such part as represents VAT,
save to the extent that such Lender Party reasonably determines that it is entitled to credit or repayment in respect of such VAT from
the relevant tax authority.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If
VAT is or becomes chargeable on any supply made by any Lender Party (the &ldquo;<U>Supplier</U>&rdquo;) to any other Lender Party (the
 &ldquo;<U>Recipient</U>&rdquo;) under a Loan Document, and any party other than the Recipient (the &ldquo;<U>Relevant Party</U>&rdquo;)
is required by the terms of any Loan Document to pay an amount equal to the consideration for that supply to the Supplier (rather than
being required to reimburse or indemnify the Recipient in respect of that consideration):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(A)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;(where
the Supplier is the person required to account to the relevant tax authority for the VAT) the Relevant Party must also pay to the Supplier
(at the same time as paying that amount) an additional amount equal to the amount of the VAT and the Recipient must (where this paragraph
(A)&nbsp;applies) promptly pay to the Relevant Party an amount equal to any credit or repayment the Recipient receives from the relevant
tax authority which the Recipient reasonably determines relates to the VAT chargeable on that supply; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(B)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;(where
the Recipient is the person required to account to the relevant tax authority for the VAT) the Relevant Party must promptly, following
demand from the Recipient, pay to the Recipient an amount equal to the VAT chargeable on that supply save to the extent that such Recipient
reasonably determines that it is entitled to credit or repayment in respect of such VAT from the relevant tax authority.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Any
reference in this Section&nbsp;2.17(h)&nbsp;to any Party shall, at any time when such Party is treated as a member of a group for VAT
purposes, include (where appropriate and unless the context otherwise requires) a reference to the representative member of such group
at such time (the term &ldquo;representative member&rdquo; to have the same meaning as in the United Kingdom&rsquo;s Value Added Tax Act
1994 or applicable legislation in other jurisdictions having a similar effect).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Lender
Confirmation</U>. Each Lender that commits to making available a European Facility shall specify on the date of this Agreement whether
it is or is not a Swiss Qualifying Bank (or if unknown, shall indicate its status is unknown, in which case it shall be treated by the
Swiss Borrower (and each Swiss Subsidiary) as if it were not a Swiss Qualifying Bank). A Swiss Borrower (and each Swiss Subsidiary) shall
have the right to refuse an initial Lender if this would lead to a breach of the Swiss Ten Non-Bank Rule. Each Lender that becomes a party
to this Agreement after the date of this Agreement and commits to making available a European Facility shall specify whether it is or
is not a Swiss Qualifying Bank. If a Lender fails to indicate its status in accordance with this Section&nbsp;2.17(i), then that Lender
shall be treated for the purposes of this Agreement (including with respect to the Swiss Borrower (and each Swiss Subsidiary)) as if it
is not a Swiss Qualifying Bank until such time as it notifies the Administrative Agent of its status (and the Administrative Agent, upon
receipt of such notification, shall inform each Swiss Borrower of its status). For the avoidance of doubt, (A)&nbsp;the documentation
that a Lender executes on becoming a party to this Agreement shall not be invalidated by any failure of a Lender to comply with this Section&nbsp;2.17(i)&nbsp;and
(B)&nbsp;none of the Loan Documents shall be invalidated by any failure of a Lender to comply with this Section&nbsp;2.17(i)&nbsp;or to
indicate its status is unknown.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(j)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>FATCA
Information</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Subject
to paragraph (iii)&nbsp;below, each party shall, within ten Business Days of a reasonable request by another party: (x)&nbsp;confirm to
that other party whether it is: (A)&nbsp;a FATCA Exempt Party; or (B)&nbsp;not a FATCA Exempt Party; (y)&nbsp;supply to that other party
such forms, documentation and other information relating to its status under FATCA as that other party reasonably requests for the purposes
of that other party&rsquo;s compliance with FATCA; and (z)&nbsp;supply to that other party such forms, documentation and other information
relating to its status as that other party reasonably requests for the purposes of that other party&rsquo;s compliance with any other
law, regulation, or ex-change of information regime.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If
a party confirms to another party pursuant to paragraph (i)(x)&nbsp;above that it is a FATCA Exempt Party and it subsequently becomes
aware that it is not or has ceased to be a FATCA Exempt Party, that party shall notify that other party reasonably promptly.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;Paragraph
(i)&nbsp;above shall not oblige any Lender Party to do anything, and paragraph (i)(z)&nbsp;above shall not oblige any other Party to do
anything, which would or might in its reasonable opinion constitute a breach of: (x)&nbsp;any law or regulation; (y)&nbsp;any fiduciary
duty; or (z)&nbsp;any duty of confidentiality.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If
a party fails to confirm whether or not it is a FATCA Exempt Party or to supply forms, documentation or other information requested in
accordance with paragraph (i)(x)&nbsp;or (i)(y)&nbsp;above (including, for the avoidance of doubt, where paragraph (iii)&nbsp;above applies),
then such party shall be treated (and payments accordingly) as if it is not a FATCA Exempt Party until such time as the party in question
provides the requested confirmation, forms, documentation or other information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;2.18&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Payments
Generally; Allocation of Proceeds; Sharing of Setoffs</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Borrowers shall make each payment or prepayment required to be made by them hereunder or under any other Loan Document on or prior to
the time expressly required hereunder or under such other Loan Document for such payment or, if no such time is expressly required, on
or prior to 2:00 p.m., New York City time, on the date when due or the date fixed or any prepayment hereunder, in immediately available
funds, without any defense, setoff, recoupment or counterclaim. All payments (i)&nbsp;in respect of any Loan (and interest thereon) shall
be made in the same currency in which such Loan was made and (ii)&nbsp;in respect of all fees, in respect of reimbursement of LC Disbursements
and in respect of any other amounts payable hereunder or under other Loan Documents shall be paid in Dollars. All such payments in respect
of Revolving Loans and LC Exposure under any Facility shall be made and allocated, <I>pro rata</I> in accordance with the respective unpaid
principal amounts of such Loans and the LC Exposure of each Lender under such Facility. Any amounts received after such time on any date
may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of
calculating interest thereon. All such payments shall be made to the Administrative Agent at its offices at 10 South Dearborn Street,
22nd Floor, Chicago,&nbsp;Illinois, except that payments required to be made directly to an Issuing Bank or the Swingline Lender shall
be so made and except that payments pursuant to Sections 2.15, 2.16, 2.17 and 9.03 shall be made directly to the Persons entitled thereto
and payments pursuant to other Loan Documents shall be made to the Persons specified therein. The Administrative Agent shall distribute
any such payment received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. Unless
otherwise provided for herein, if any payment hereunder or under any other Loan Document shall be due on a day that is not a Business
Day, the date for payment shall be extended to the next succeeding Business Day and, in the case of any payment accruing interest, interest
thereon shall be payable for the period of such extension.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Any
payments and any proceeds of Collateral received by the Administrative Agent (x)&nbsp;not constituting (A)&nbsp;a specific payment of
principal, interest, fees or other sum payable under the Loan Documents (which shall be applied as specified by the Borrower Representative),
(B)&nbsp;a mandatory prepayment (which shall be applied in accordance with Section&nbsp;2.11) or (C)&nbsp;amounts to be applied from a
Concentration Account or Collection Account during any Dominion Period (which shall be applied in accordance with Section&nbsp;2.10(b))
or (y)&nbsp;after an Event of Default has occurred and is continuing and the Administrative Agent so elects or the Required Lenders so
direct, shall be applied ratably <U>first</U>, to pay any fees, indemnities, or expense reimbursements then due to the Administrative
Agent and each Issuing Bank from the Borrowers (other than in connection with Banking Services or Swap Obligations); <U>second</U>, to
pay any fees or expense reimbursements then due to the Lenders from the Borrowers (other than in connection with Banking Services or Swap
Obligations); <U>third</U>, to pay interest due in respect of the Protective Advances and Overadvances; <U>fourth</U>, to pay the principal
of the Protective Advances and Overadvances; <U>fifth</U>, to pay interest then due and payable on the Loans (other than the Protective
Advances and Overadvances) ratably; <U>sixth</U>, to prepay principal on the Loans (other than the Protective Advances and Overadvances)
and unreimbursed LC Disbursements ratably; <U>seventh</U>, to deposit in the LC Collateral Account cash collateral (in accordance with
2.06(j)); <U>eighth</U>, to payment of any amounts owing with respect to Banking Services and Swap Obligations; <U>ninth</U>, to the payment
of any other Secured Obligations due to any Lender Party by the Borrowers; and <U>tenth</U>, any excess to be returned to Borrower Representative;
<U>provided</U> that (i)&nbsp;any amounts received from any U.S. Borrower or on account of the U.S. Collateral shall be applied, first,
in the order provided above in clauses first through seventh to all amounts constituting U.S. Secured Obligations, second, in the order
provided above in clauses first through seventh to the Non-U.S. Secured Obligations on a <I>pro rata</I> basis, third, in the order provided
above in clauses eighth through ninth to all amounts constituting U.S. Secured Obligations and fourth, in the order provided above in
clauses eighth through ninth to the Non-U.S. Secured Obligations on a <I>pro rata</I> basis, (ii)&nbsp;any such application of proceeds
from (u)&nbsp;Canadian Collateral or the Canadian Loan Parties shall be made solely in respect of Canadian Secured Obligations, (v)&nbsp;French
Collateral or the French Loan Parties shall be made solely in respect of French Secured Obligations, (w)&nbsp;Hong Kong Collateral or
the Hong Kong Loan Parties shall be made solely in respect of Hong Kong Secured Obligations, (x)&nbsp;German Collateral or the German
Loan Parties shall be made solely in respect of German Secured Obligations, (y)&nbsp;Swiss Collateral or the Swiss Loan Parties shall
be made solely in respect of Swiss Secured Obligations and (z)&nbsp;UK Collateral or the UK Loan Parties shall be made solely in respect
of UK Secured Obligations. Notwithstanding anything to the contrary contained in this Agreement, unless so directed by the Borrower Representative,
or unless a Default is in existence, no Agent nor any Lender shall apply any payment which it receives to any Term Benchmark Loan, except
(a)&nbsp;on the expiration date of the Interest Period applicable to such Term Benchmark Loan or (b)&nbsp;in the event, and only to the
extent, that there are no outstanding ABR Loans, Canadian Prime Rate Loans or CBR Loans, respectively and, in any such event, the applicable
Borrower(s)&nbsp;shall pay the break funding payment required in accordance with Section&nbsp;2.16.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;During
a Dominion Period, all payments of principal, interest, LC Disbursements, fees, reimbursable expenses (including, without limitation,
all reimbursements of fees and expenses pursuant to Section&nbsp;9.03) and other sums payable under the Loan Documents may be paid from
the proceeds of Borrowings made hereunder, whether made following a request by the Borrower Representative pursuant to Section&nbsp;2.03
or a deemed request as provided in this Section&nbsp;or may be deducted from any deposit account of any Borrower maintained with the Administrative
Agent; <U>provided</U> that (i)&nbsp;no amount from any Canadian Loan Party shall be applied to pay any U.S. Secured Obligations or any
Non-U.S. Secured Obligations (other than Canadian Secured Obligations), (ii)&nbsp;no amount from any French Loan Party shall be applied
to pay any U.S. Secured Obligations or any Non-U.S. Secured Obligations (other than French Secured Obligations), (iii)&nbsp;no amount
from any German Loan Party shall be applied to pay any U.S. Secured Obligations or any Non-U.S. Secured Obligations (other than German
Secured Obligations), (iv)&nbsp;no amount from any Hong Kong Loan Party shall be applied to pay any U.S. Secured Obligations or any Non-U.S.
Secured Obligations (other than Hong Kong Secured Obligations), (v)&nbsp;no amount from any Swiss Loan Party shall be applied to pay any
U.S. Secured Obligations or any Non-U.S. Secured Obligations (other than Swiss Secured Obligations) and (vi)&nbsp;no amount from any UK
Loan Party shall be applied to pay any U.S. Secured Obligations or any Non-U.S. Secured Obligations (other than UK Secured Obligations).
Each Borrower hereby irrevocably authorizes (i)&nbsp;the Administrative Agent to request a Borrowing on its behalf for the purpose of
paying each payment referred to in the preceding sentence during a Dominion Period and agrees that all such amounts charged shall constitute
Loans (including Swingline Loans and Overadvances, but such a Borrowing may only constitute a Protective Advance if it is to reimburse
costs, fees and expenses pursuant to Section&nbsp;9.03) and that all such Borrowings shall be deemed to have been requested pursuant to
Section&nbsp;2.03, 2.04 or 2.05, as applicable, and (ii)&nbsp;the Administrative Agent to charge any deposit account of any Borrower (other
than, so long as no Dominion Period is in effect or no Event of Default shall have occurred or be continuing, any Excluded Account) maintained
with the Administrative Agent for each payment of principal, interest, fees or any other amount due under the Loan Documents referred
to in the previous sentence.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If
any Lender under any Facility shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment in respect of any
principal of or interest on any of its Loans or participations in LC Disbursements, Swingline Loans, Protective Advances or Overadvances
under such Facility resulting in such Lender receiving payment of a greater proportion of the aggregate amount of its Loans and participations
in LC Disbursements, Swingline Loans, Protective Advances or Overadvances and accrued interest thereon under such Facility than the proportion
received by any other Lender under such Facility, then the Lender receiving such greater proportion shall notify the Administrative Agent
of such fact and shall purchase (for cash at face value) participations in the Loans and participations in LC Disbursements, Swingline
Loans, Protective Advances and Overadvances of other Lenders under such Facility to the extent necessary so that the amount of all such
payments shall be shared by the Lenders under such Facility ratably in accordance with the aggregate amounts of principal of and accrued
interest on their respective Loans and participations in LC Disbursements, Swingline Loans, Protective Advances and Overadvances under
such Facility; <U>provided</U> that (i)&nbsp;if any such participations are purchased and all or any portion of the payment giving rise
thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest
and (ii)&nbsp;the provisions of this paragraph shall not be construed to apply to any payment made by the Borrowers pursuant to and in
accordance with the express terms of this Agreement (for the avoidance of doubt, as in effect from time to time) or any payment obtained
by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or participations in LC Disbursements,
Swingline Loans, Protective Advances or Overadvances to any Person that is an Eligible Assignee (as such term is defined from time to
time). Each Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender
acquiring a participation pursuant to the foregoing arrangements may exercise against such Borrower rights of setoff and counterclaim
with respect to such participation as fully as if such Lender were a direct creditor of such Borrower in the amount of such participation.
For purposes of subclause (b)(i)&nbsp;of the definition of &ldquo;Excluded Taxes,&rdquo; a Lender that acquires a participation pursuant
to this Section&nbsp;2.18(d)&nbsp;shall be treated as having acquired such participation on the earlier date(s)&nbsp;on which such Lender
acquired the applicable interest(s)&nbsp;in the Commitment(s)&nbsp;and/or Loan(s)&nbsp;to which such participation relates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Unless
the Administrative Agent shall have received, prior to the date on which any payment is due to the Administrative Agent for the account
of any of the Lenders or the Issuing Banks pursuant to the terms hereof or any other Loan Document (including any date that is fixed for
prepayment by notice from the Borrower Representative to the Administrative Agent pursuant to Section&nbsp;2.11(c)), notice from the Borrower
Representative that the applicable Borrower(s)&nbsp;will not make such payment or prepayment, the Administrative Agent may assume that
the applicable Borrower(s)&nbsp;have made such payment on such date in accordance herewith and may, in reliance upon such assumption,
distribute to the applicable Lenders or Issuing Banks, as the case may be, the amount due. In such event, if the applicable Borrower(s)&nbsp;have
not in fact made such payment, then each of the Lenders or Issuing Banks, as the case may be, severally agrees to repay to the Administrative
Agent forthwith on demand the amount so distributed to such Lender or Issuing Bank with interest thereon, for each day from and including
the date such amount is distributed to it to but excluding the date of payment to each Administrative Agent, at the greater of the NYFRB
Rate and a rate determined by each Administrative Agent in accordance with banking industry rules&nbsp;on interbank compensation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If
any Lender shall fail to make any payment required to be made by it hereunder to or for the account of the Administrative Agent, then
the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), (i)&nbsp;apply any amounts thereafter
received by the Administrative Agent for the account of such Lender to satisfy such Lender&rsquo;s obligations in respect of such payment
until all such unsatisfied obligations have been discharged and/or (ii)&nbsp;hold any such amounts in a segregated account as cash collateral
for, and apply any such amounts to, any future payment obligations of such Lender hereunder to or for the account of the Administrative
Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;2.19&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Mitigation
Obligations: Replacement of Lenders</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If
any Lender requests compensation under Section&nbsp;2.15, or if any Borrower is required to pay any Indemnified Taxes or additional amounts
to any Lender or to any Governmental Authority for the account of any Lender pursuant to Section&nbsp;2.17 or if any amount payable in
respect of any Loans, Letters of Credit, Revolving Commitments or LC Disbursements provided to the French Borrowers is not, or will not
be (when the relevant corporate income tax is calculated), treated as a deductible charge or expense for French tax purposes for the French
Borrowers by reason of that amount being (x)&nbsp;paid or accrued to a Lender or Issuing Bank incorporated, domiciled, established or
acting through an office in a Non-Cooperative Jurisdiction or (y)&nbsp;paid to an account opened in the name of or for the benefit of
that Lender or Issuing Bank in a financial institution situated in a Non-Cooperative Jurisdiction, then such Lender shall use reasonable
efforts to designate a different lending office for funding or booking its Loans hereunder or to assign and delegate its rights and obligations
hereunder to another of its offices, branches or Affiliates, if, in the judgment of such Lender, such designation or assignment and delegation
(i)&nbsp;would eliminate or reduce amounts payable pursuant to Section&nbsp;2.15 or 2.17 or would make any amount payable in respect of
any Loans, Letters of Credit, Revolving Commitments, or LC Disbursements provided to the French Borrowers be treated as a deductible charge
or expense for French tax purposes for the French Borrowers, as the case may be, in the future and (ii)&nbsp;would not subject such Lender
or Issuing Bank to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender or Issuing Bank; <U>provided</U>,
that if in respect of French Revolving Loans extended to or on behalf of the French Borrowers, such lending office shall be a French Authorized
Lender. The applicable Borrower(s)&nbsp;hereby agree to pay all reasonable costs and expenses incurred by any Lender in connection with
any such designation or assignment and delegation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If
any Lender requests compensation under Section&nbsp;2.15, or if any Borrower is required to pay any Indemnified Taxes or additional amounts
to any Lender or any Governmental Authority for the account of any Lender pursuant to Section&nbsp;2.17, or if any amount payable in respect
of any Loans, Letters of Credit, Revolving Commitments or LC Disbursements provided to the French Borrowers is not, or will not be (when
the relevant corporate income tax is calculated), treated as a deductible charge or expense for French tax purposes for the French Borrowers
by reason of that amount being (x)&nbsp;paid or accrued to a Lender or Issuing Bank incorporated, domiciled, established or acting through
an office in a Non-Cooperative Jurisdiction or (y)&nbsp;paid to an account opened in the name of or for the benefit of that Lender or
Issuing Bank in a financial institution situated in a Non-Cooperative Jurisdiction, or if any Lender becomes a Defaulting Lender, or if
any amount payable in respect of any Loans, Letters of Credit, Revolving Commitments or LC Disbursements provided to the French Borrowers
is not, or will not be (when the relevant corporate income tax is calculated), treated as a deductible charge or expense for French tax
purposes for the French Borrowers by reason of that amount being (x)&nbsp;paid or accrued to a Lender or Issuing Bank incorporated, domiciled,
established or acting through an office in a Non-Cooperative Jurisdiction or (y)&nbsp;paid to an account opened in the name of or for
the benefit of that Lender or Issuing Bank in a financial institution situated in a Non-Cooperative Jurisdiction, then the Borrower Representative
may, at the sole expense and effort of the applicable Borrower(s), upon notice to such Lender and the Administrative Agent by the Borrower
Representative, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained
in Section&nbsp;9.04), all its interests, rights (other than its existing rights to payments pursuant to Section&nbsp;2.15 or 2.17) and
obligations under this Agreement and the other Loan Documents to an Eligible Assignee that shall assume such obligations (which Eligible
Assignee may be another Lender, if a Lender accepts such assignment and delegation); <U>provided</U> that (i)&nbsp;the Borrower Representative
shall have received the prior written consent of the Administrative Agent, each Issuing Bank and each Swingline Lender, which consents
shall not unreasonably be withheld, (ii)&nbsp;such Lender shall have received payment of an amount equal to the outstanding principal
of its Loans and participations in LC Disbursements, Swingline Loans, Protective Advances and Overadvances, accrued interest thereon,
accrued fees and all other amounts payable to it hereunder, from the assignee (to the extent of such outstanding principal and accrued
interest and fees) or the applicable Borrower(s)&nbsp;(in the case of all other amounts), (iii)&nbsp;in the case of any such assignment
and delegation resulting from a claim for compensation under Section&nbsp;2.15 or payments required to be made pursuant to Section&nbsp;2.17,
such assignment will result in a reduction in such compensation or payments (iv)&nbsp;in the case of any such assignment or delegation
resulting from the non-deductibility of payments by a French Borrower, as described above, such assignment will enable such payments to
be deductible by the French Borrower for French tax purposes and (v)&nbsp;such assignment and delegation does not conflict with applicable
law. A Lender shall not be required to make any such assignment and delegation if, prior thereto, as a result of a waiver by such Lender
or otherwise, the circumstances entitling the applicable Borrower(s)&nbsp;to require such assignment and delegation have ceased to apply.
Each party hereto agrees that an assignment required pursuant to this paragraph may be effected pursuant to an Assignment and Assumption
executed by the Borrower Representative, the Administrative Agent and the assignee (or, to the extent applicable, an agreement incorporating
an Assignment and Assumption by reference pursuant to an Approved Electronic Platform as to which the Administrative Agent and such parties
are participants), and (b)&nbsp;the Lender required to make such assignment need not be a party thereto in order for such assignment to
be effective and shall be deemed to have consented to and be bound by the terms thereof; <U>provided</U> that, following the effectiveness
of any such assignment, the other parties to such assignment agree to execute and deliver such documents necessary to evidence such assignment
as reasonably requested by the applicable Lender, <U>provided</U> that any such documents shall be without recourse to or warranty by
the parties thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;2.20&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Defaulting
Lenders</U><FONT STYLE="background-color: white">. Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes
a Defaulting Lender, then the following provisions shall apply for so long as such Lender is a Defaulting Lender under any Facility:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;commitment
fees shall cease to accrue on the unused portion of the Revolving Commitment of such Defaulting Lender of such Facility pursuant to Section&nbsp;2.12(a);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
Revolving Commitment and Credit Exposure of such Defaulting Lender shall not be included in determining whether all Lenders or all affected
Lenders or the Required Lenders have taken or may take any action hereunder (including any consent to any amendment, waiver or modification
pursuant to Section&nbsp;9.02); <U>provided</U> that when a Defaulting Lender shall exist or any Lender providing any French Revolving
Loans ceases to be a French Authorized Lender, any such Defaulting Lender&rsquo;s Commitment or such Lender&rsquo;s French Commitment
shall be disregarded in any of such calculations to the extent that disregarding the applicable Revolving Commitments would not cause
the Credit Exposure of any Lender under any Loan to exceed the amount of such Lender&rsquo;s Commitment under such Loan and any waiver,
amendment or modification requiring the consent of all Lenders or each affected Lender which affects such Defaulting Lender differently
than other affected Lenders shall require the consent of such Defaulting Lender;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;if
any Swingline Exposure, LC Exposure, Protective Advance Exposure and Overadvance Exposure exists under any Facility under which such Lender
has a Revolving Commitment at the time such Lender becomes a Defaulting Lender, then:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;such
Defaulting Lender&rsquo;s Swingline Exposure (other than any portion thereof with respect to which such Defaulting Lender shall have funded
its participation as contemplated by Section&nbsp;2.05(c)), LC Exposure (other than any portion thereof attributable to unreimbursed LC
Disbursements with respect to which such Defaulting Lender shall have funded its participation as contemplated by Section&nbsp;2.06(d)),
Protective Advance Exposure (other than any portion thereof with respect to which such Defaulting Lender shall have funded its participation
as contemplated by Section&nbsp;2.04(b)) and Overadvance Exposure (other than any portion thereof with respect to which such Defaulting
Lender shall have funded its participation as contemplated by Section&nbsp;2.05(c)) under such Facility shall be reallocated among the
non-Defaulting Lenders under such Facility in accordance with their respective Applicable Percentages, but only to the extent the sum
of all non-Defaulting Lenders&rsquo; Revolving Exposures under such Facility <I>plus</I> such Defaulting Lender&rsquo;s Swingline Exposures
under such Facility, LC Exposure under such Facility, Protective Advance Exposure under such Facility and Overadvance Exposure under such
Facility does not exceed the total of all non-Defaulting Lenders&rsquo; Revolving Commitments under such Facility;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;if
the reallocation described in clause (i)&nbsp;above cannot, or can only partially, be effected, the applicable Borrower(s)&nbsp;shall
within one Business Day following notice by the Administrative Agent, without prejudice to any rights or remedies of the Borrowers against
such Defaulting Lender, (A)&nbsp;<U>first</U>, prepay the portion of such Defaulting Lender&rsquo;s Overadvance Exposure under such Facility
that has not been so reallocated, (B)&nbsp;<U>second</U>, prepay the portion of such Defaulting Lender&rsquo;s Protective Advance Exposure
under such Facility that has not been so reallocated, (C)&nbsp;<U>third</U>, prepay the portion of such Defaulting Lender&rsquo;s Swingline
Exposure under such Facility that has not been so reallocated and (D)&nbsp;<U>fourth</U>, cash collateralize such Defaulting Lender&rsquo;s
LC Exposure under such Facility that has not been so reallocated in accordance with the procedures set forth in Section&nbsp;2.06(j)&nbsp;for
so long as such LC Exposure is outstanding;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.75in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;if
any Borrower cash collateralizes any portion of such Defaulting Lender&rsquo;s LC Exposure pursuant to clause (ii)&nbsp;above, the applicable
Borrower(s)&nbsp;shall not be required to pay any letter of credit participation fees to such Defaulting Lender pursuant to Section&nbsp;2.12(b)&nbsp;with
respect to such Defaulting Lender&rsquo;s cash collateralized LC Exposure under such Facility during the period such Defaulting Lender&rsquo;s
LC Exposure under such Facility is cash collateralized;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.75in">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;if
any portion of the LC Exposure under such Facility of such Defaulting Lender is reallocated pursuant to clause (c)(i)&nbsp;above, then
the fees payable to the Lenders pursuant to Section&nbsp;2.12(b)&nbsp;shall be adjusted to give effect to such reallocation; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.75in">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;if
any portion of such Defaulting Lender&rsquo;s LC Exposure under such Facility is neither cash collateralized nor reallocated pursuant
to clause (c)(i)&nbsp;or (c)(ii)&nbsp;above, then, without prejudice to any rights or remedies of the applicable Issuing Bank or any Lender
hereunder, all letter of credit participation fees payable under Section&nbsp;2.12(b)&nbsp;with respect to such Defaulting Lender&rsquo;s
LC Exposure under such Facility shall be payable to the Issuing Banks (and allocated among them ratably based on the amount of such Defaulting
Lender&rsquo;s LC Exposure under such Facility attributable to Letters of Credit issued by each Issuing Bank) until such LC Exposure is
cash collateralized and/or reallocated; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
Swingline Lender under such Facility shall not be required to fund any Swingline Loan and no Issuing Bank under such Facility shall be
required to issue, amend, renew, extend or increase any Letter of Credit, in each case, unless it is satisfied that the related exposure
will be 100% covered by the Revolving Commitments of the non-Defaulting Lenders under such Facility and/or cash collateral provided by
the Borrowers in accordance with clause (c)&nbsp;of this Section, and participating interests in any such newly issued, amended, renewed,
extended or increased Letter of Credit under such Facility or newly made Swingline Loan under such Facility shall be allocated among non-Defaulting
Lenders in a manner consistent with clause (c)(i)&nbsp;of this Section&nbsp;(and Defaulting Lenders shall not participate therein).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In the event and on the date that each of the Administrative Agent,
the Company, each of the Issuing Banks and each of the Swingline Lenders agrees that a Defaulting Lender has adequately remedied all matters
that caused such Lender to be a Defaulting Lender, then the Swingline Exposure, LC Exposure, Protective Advance Exposure and Overadvance
Exposure of the other Lenders shall be readjusted to reflect the inclusion of such Lender&rsquo;s Revolving Commitment under the applicable
Facility and on such date such Lender shall purchase at par such of the Revolving Loans of the other Lenders under such Facility as the
Administrative Agent shall determine may be necessary in order for such Lender to hold Revolving Loans under such Facility in accordance
with its Applicable Percentage.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If (i)&nbsp;a Bankruptcy Event or a Bail-In Action with respect to
a Lender Parent shall occur following the date hereof and for so long as such event shall continue or (ii)&nbsp;any Swingline Lender or
any Issuing Bank has a good faith belief that any Lender has defaulted in fulfilling its obligations under one or more other agreements
in which such Lender commits to extend credit, no Swingline Lender shall be required to fund any Swingline Loan and the Issuing Bank shall
not be required to issue, amend or increase any Letter of Credit, unless the Swingline Lenders or the Issuing Bank, as the case may be,
shall have entered into arrangements with the Borrower or such Lender, satisfactory to each Swingline Lender or the Issuing Bank, as the
case may be, to defease any risk to it in respect of such Lender hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;2.21&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Returned
Payments</U><FONT STYLE="background-color: white">. If after receipt of any payment which is applied to the payment of all or any part
of the Obligations, any Lender Party is for any reason compelled to surrender such payment or proceeds to any Person because such payment
or application of proceeds is invalidated, declared fraudulent, set aside or determined to be void or voidable as a preference, impermissible
setoff, or a diversion of trust funds, or for any other reason, then the Obligations or part thereof intended to be satisfied shall be
revived and continued and this Agreement and the other Loan Documents shall continue in full force as if such payment or proceeds had
not been received by the Administrative Agent, such Issuing Bank or such Lender. The provisions of this Section&nbsp;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>2.21
</U></FONT>shall be and remain effective notwithstanding any contrary action which may have been taken by the Administrative Agent, any
Issuing Bank or any Lender in reliance upon such payment or application of proceeds. The provisions of this Section&nbsp;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>2.21
</U></FONT>shall survive the termination of this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>ARTICLE&nbsp;III</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Representations and Warranties</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Company represents and warrants, and each other Loan Party severally
represents and warrants as to itself, to the Lenders as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;3.01&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Organization;
Powers</U><FONT STYLE="background-color: white">. The Company and each Restricted Subsidiary is duly organized, validly existing and (to
the extent the concept is applicable in such jurisdiction and, in the case of any Restricted Subsidiary other than any Borrower, except
where the failure to be so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect)
in good standing under the laws of the jurisdiction of its organization, has all requisite power and authority to carry on its business
as now conducted and, except where the failure to do so, individually or in the aggregate, would not reasonably be expected to result
in a Material Adverse Effect, is qualified to do business in, and is in good standing in, every jurisdiction where such qualification
is required.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;3.02&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Authorization;
Enforceability; Benefit to Loan Parties</U><FONT STYLE="background-color: white">. The Transactions, insofar as they are to be carried
out by each Loan Party, are within such Loan Party&rsquo;s corporate or other organizational powers and have been duly authorized by all
necessary corporate or other organizational and, if required, shareholder or other equity holder action. This Agreement has been duly
executed and delivered by each Loan Party and constitutes, and each other Loan Document to which any Loan Party is to be a party, when
executed and delivered by such Loan Party, will constitute, a legal, valid and binding obligation of such Loan Party, enforceable against
it in accordance with its terms, subject to applicable Insolvency Laws or other laws affecting creditors&rsquo; rights generally and to
general principles of equity, regardless of whether considered in a proceeding in equity or at law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;3.03&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Governmental
Approvals; No Conflicts</U><FONT STYLE="background-color: white">. The Transactions (a)&nbsp;do not require any consent or approval of,
registration or filing with (other than filings required to be made with SEC), or any other action by, any Governmental Authority, except
such as have been obtained or made and are (or will so be) in full force and effect and except for filings necessary to perfect Liens
created under the Loan Documents, (b)&nbsp;will not violate any applicable law, including any order of any Governmental Authority, (c)&nbsp;will
not violate the charter, by-laws or other organizational documents of the Company or any Restricted Subsidiary, (d)&nbsp;will not violate
or result in a default under any indenture or agreement (including <FONT STYLE="color: red"><STRIKE>the Term Credit Agreement</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>any
Material Indebtedness</U></FONT> or other material instrument binding upon the Company or any Restricted Subsidiary or any of their assets),
or give rise to a right thereunder to require any payment to be made by the Company or any Restricted Subsidiary, and (e)&nbsp;will not
result in the creation or imposition of any Lien on any asset of the Company or any Restricted Subsidiary, except Liens created pursuant
to the Loan Documents <FONT STYLE="color: red"><STRIKE>or Liens created in connection with the Term Credit Agreement</STRIKE></FONT>;
in the case of each of the clauses above, except for an approval, violation or creation, as applicable, which would not reasonably be
expected to result in a Material Adverse Effect.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;3.04&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Financial
Condition; No Material Adverse Effect</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Company has heretofore furnished to the Lenders (i)&nbsp;the audited consolidated balance sheets and related consolidated statements of
income, shareholders&rsquo; equity and cash flows of the Company and its consolidated Subsidiaries as of and for the Fiscal Years ended
December&nbsp;29, 2018, December&nbsp;30, 2017, and December&nbsp;31, 2016, each audited by and accompanied by the unqualified opinion
of an independent registered public accounting firm, and (ii)&nbsp;the unaudited consolidated balance sheets and related statements of
income, shareholders&rsquo; equity and cash flows of the Company and its consolidated Subsidiaries as of and for the Fiscal Quarter ended
June&nbsp;29, 2019. Such financial statements (x)&nbsp;present fairly, in all material respects, or on a consolidated basis, the financial
position and results of operations and cash flows of the Company and its consolidated Subsidiaries as of such dates and for such periods
in accordance with GAAP, subject to year-end audit adjustments and the absence of footnotes in the case of the statements referred to
in clause (ii)&nbsp;above and (y)&nbsp;comply in all material respects with the requirements of Regulation S-X under the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;[Reserved.]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Since
December&nbsp;29, 2018, there has been no event, development or circumstance that has had, or would reasonably be expected to have, a
Material Adverse Effect on the business, assets, results of operations or financial condition of the Company and its Subsidiaries, taken
as a whole.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;3.05&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Properties</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Company and each Restricted Subsidiary has good title to, or valid leasehold interests in, all fee owned real property material to its
business, except for minor defects in title that do not materially interfere with its ability to conduct its business as currently conducted
or to utilize such properties for their intended purposes and Liens permitted by Section&nbsp;6.02, or as otherwise could not, individually
or in the aggregate, reasonably be expected to have a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>(b)</U>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Company and each Restricted Subsidiary owns, or is licensed to use, all trademarks, service marks, tradenames, trade dress, copyrights,
patents, industrial designs and other intellectual property material to its business, and the conduct of their respective businesses,
including the use thereof, by the Company and the Restricted Subsidiaries, does not infringe or violate upon the rights of any other Person,
except for any such infringements or violations that, individually or in the aggregate, would not reasonably be expected to result in
a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;3.06&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Litigation
and Environmental Matters</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;There
are no actions, suits or proceedings by or before any arbitrator or Governmental Authority pending against or, to the knowledge of the
Company, threatened against or affecting Company or any Restricted Subsidiary (i)&nbsp;as to which there is a reasonable possibility of
an adverse determination and that, if adversely determined, would reasonably be expected, individually or in the aggregate, to result
in a Material Adverse Effect or (ii)&nbsp;that involve any of the Loan Documents or the Transactions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Except
for matters that, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect, neither Company
nor any Restricted Subsidiary (i)&nbsp;has failed to comply with any Environmental Law or to obtain, maintain or comply with any permit,
license or other approval required under any Environmental Law, (ii)&nbsp;has become subject to any Environmental Liability, (iii)&nbsp;has
received written notice of any claim with respect to any Environmental Liability or (iv)&nbsp;knows of any basis for any Environmental
Liability. The representations and warranties made pursuant to this Section&nbsp;3.06(b)&nbsp;are the exclusive representations and warranties
contained in this Agreement regarding (1)&nbsp;compliance with or liability under Environmental Laws, or (2)&nbsp;Hazardous Materials.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;3.07&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Compliance
with Laws and Agreements</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
Company and each Restricted Subsidiary is in compliance with all laws, including all orders of Governmental Authorities, applicable to
it or its property and all indentures, agreements and other instruments binding upon it or its property, except where the failure to do
so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect (it being agreed that this
Section&nbsp;does not apply to any law which is specifically addressed in Section&nbsp;3.06(b), 3.07(b), 3.08, 3.09, 3.10 or 3.14). No
Default has occurred and is continuing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
Company and its Subsidiaries have implemented and maintain in effect policies and procedures designed to ensure compliance by the Company,
its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions, and
the Company, its Subsidiaries and, to the knowledge of the Company, their respective directors, officers, employees and agents, are in
compliance with Anti-Corruption Laws and applicable Sanctions, each in all material respects and are not knowingly engaged in any activity
that would reasonably be expected to result in any Loan Party or any Subsidiary being designated as a Sanctioned Person. None of (a)&nbsp;the
Company, any Subsidiary or, to the knowledge of the Company, any of their respective directors, officers or employees, or (b)&nbsp;to
the knowledge of the Company, any agent of the Company or any Subsidiary that will act in any capacity in connection with or benefit from
the credit facility established hereby, is a Sanctioned Person. No Borrowing, Letter of Credit use of proceeds or other transaction contemplated
by this Agreement will violate Anti-Corruption Laws or applicable Sanctions. The foregoing representations in this Section&nbsp;3.07(b)&nbsp;will
not apply to any Canadian Loan Party or party hereto to which Council Regulation (EC) 2271/96 (the &ldquo;<U>Blocking Regulation</U>&rdquo;)
applies, if and to the extent that such representations are or would be unenforceable by or in respect of that party pursuant to, or would
otherwise result in a breach and/or violation of, (i)&nbsp;any applicable Canadian law, rule&nbsp;or regulation or any provision of the
Blocking Regulation (or any law or regulation implementing the Blocking Regulation in any member state of the European Union) or (ii)&nbsp;any
similar blocking or anti-boycott law in the United Kingdom, and no representation under this Section&nbsp;shall be made by any German
Loan Party to the extent it would violate section 7 of the German Foreign Trade Ordinance (<I>Au&szlig;enwirtschaftsverordnung</I>), any
provision of Council Regulation (EC) 2271/96 or any similar applicable anti-boycott law or regulation binding on that German Loan Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;3.08&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Investment
Company Status,&nbsp;etc</U>. <FONT STYLE="background-color: white">No Loan Party is (a)&nbsp;an &ldquo;investment company&rdquo; as defined
in, or subject to regulation under, the Investment Company Act of 1940 (or, in respect of a UK Loan Party, carries on any business in
the United Kingdom which requires it to be authorized by the United Kingdom Financial Conduct Authority or the United Kingdom Prudential
Regulation Authority) or (b)&nbsp;a &ldquo;holding company&rdquo; as defined in, or subject to regulation under, the Public Utility Holding
Company Act of 1935 or (c)&nbsp;an EEA Financial Institution.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;3.09&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Taxes</U><FONT STYLE="background-color: white">.
The Company and each Subsidiary have filed or caused to be filed all Tax returns and reports required to have been filed and has paid
or caused to be paid all Taxes required to have been paid by it (including in its capacity as withholding agent), except (a)&nbsp;any
Taxes that are being contested in good faith by appropriate proceedings diligently conducted and for which the Company or such Subsidiary
has set aside on its books reserves with respect thereto to the extent required by GAAP or (b)&nbsp;to the extent that the failure to
do so would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect. There is no current
or proposed tax assessment, deficiency or other claim against the Company or any of the Subsidiaries that would, individually or in the
aggregate, reasonably be expected to result in a Material Adverse Effect. Each Loan Party and each of their respective Subsidiaries has
withheld all material employee withholdings and has made all employer contributions to be withheld and made by it pursuant to applicable
law on account of the Canadian Pension Plans and the Canada Benefit Plans, employment insurance and employee income taxes. Each European
Loan Party, each Hong Kong Loan Party and each of their respective subsidiaries is resident for Tax purposes only in the jurisdiction
under whose laws it is incorporated as at the date of this Agreement and none of the European Loan Parties, the Hong Kong Loan Parties
or any of their respective Subsidiaries has a branch, agency or permanent establishment in any other jurisdiction for Tax purposes. No
Loan Party is a member of a group for VAT purposes with any person other than another Loan Party.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;3.10&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>ERISA;
Labor Matters; Canadian Pension Plans and Canadian Benefit Plans</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Except
as could not reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect, (i)&nbsp;no ERISA Event
has occurred or is reasonably expected to occur, (ii)&nbsp;neither any Loan Party nor any ERISA Affiliate has engaged in a transaction
that could be subject to Section&nbsp;4069 or 4212(c)&nbsp;of ERISA and (iii)&nbsp;the present value of all accumulated benefit obligations
under each Plan that is subject to Title IV of ERISA (based on the assumptions used for purposes of Accounting Standards Codification
No.&nbsp;715) did not, as of the date of the most recent financial statements reflecting such amounts, exceed the fair value of the assets
of such Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Except
as could not reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect, (i)&nbsp;there are no strikes,
lockouts, slowdowns or any other labor disputes against the Company or any Restricted Subsidiary pending or, to the knowledge of the Company,
threatened, (ii)&nbsp;the hours worked by and payments made to employees of the Company and the Restricted Subsidiaries have not been
in violation of the Fair Labor Standards Act of 1938, the <I>Employee Standards Act</I> (Ontario) or any other applicable federal, state,
provincial, territorial, local or foreign law dealing with such matters and (iii)&nbsp;all payments due from the Company or any Restricted
Subsidiary, or for which any claim may be made against the Company or any Restricted Subsidiary, on account of wages and employee health
and welfare insurance and other benefits, have been paid or accrued as a liability on the books of the Company or such Restricted Subsidiary
to the extent required by GAAP.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;No
Loan Party nor any of its Subsidiaries or Affiliates is or has at any time been (i)&nbsp;an employer (for the purposes of Sections 38
to 51 of the United Kingdom&rsquo;s Pensions Act 2004) of an occupational pension scheme which is not a money purchase scheme (both terms
as defined in the United Kingdom&rsquo;s Pensions Schemes Act 1993) or (ii)&nbsp;&ldquo;connected&rdquo; with or an &ldquo;associate&rdquo;
(as those terms are used in Sections 38 and 43 of the United Kingdom&rsquo;s Pensions Act 2004) of such an employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;All
employer and employee contributions (including insurance premiums) required from any Loan Party or any of its Affiliates by applicable
law or by the terms of any Foreign Pension Plan (including any policy held thereunder) have been made, or, if applicable, accrued in accordance
with normal accounting practices.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
present value of the aggregate accumulated benefit obligations of all Foreign Pension Plans (based on those assumptions used to fund such
Foreign Pension Plans) with respect to all current and former participants did not, as of the last annual valuation date applicable thereto,
exceed the fair market value of the assets of all such Foreign Pension Plans.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Foreign Pension Plan that is required to be registered has been registered and has been maintained in good standing with the applicable
regulatory <FONT STYLE="color: red"><STRIKE>authorization</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>authorities</U></FONT>
and is in compliance with (i)&nbsp;all material provisions of applicable law and regulations applicable to such Foreign Pension Plan and
(ii)&nbsp;the terms of such Foreign Pension Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Schedule
3.10 lists all Canadian Pension Plans currently maintained or contributed to by the Loan Parties and their Subsidiaries as of the date
hereof. No Loan Party nor any Subsidiary thereof, maintains, sponsors, administers, contributes to, participates in or has any liability
in respect of any Canadian Defined Benefit Plan. The Canadian Pension Plans are duly registered under the ITA and all other applicable
laws which require registration. Each Loan Party and each of their Subsidiaries has complied with and performed all of its obligations
under and in respect of the Canadian Pension Plans under the terms thereof, any funding agreements and all applicable laws (including
any fiduciary, funding, investment and administration obligations, except where failure to do so could not reasonably be expected to result
in a Material Adverse Effect). All employer and employee payments, contributions or premiums to be remitted, paid to or in respect of
each Canadian Pension Plan have been paid in a timely fashion in accordance with the terms thereof, any funding agreement and all applicable
laws, except where failure to do so could not reasonably be expected to result in a Material Adverse Effect. There have been no improper
withdrawals or applications of the assets of the Canadian Pension Plans which could reasonably be expected to result in a Material Adverse
Effect. To the knowledge of the Loan Parties, no facts or circumstances have occurred or existed that could result, or be reasonably anticipated
to result, in the declaration of a termination of any Canadian Pension Plan by any Governmental Authority under applicable laws which
could reasonably be expected to result in a Material Adverse Effect. Except as would not reasonably be expected, individually or in the
aggregate, to have a Material Adverse Effect, each Canadian Pension Plan is and has been funded and otherwise operated in accordance with
applicable law, and except as would not reasonably be expected to result in a Material Adverse Effect, there is no solvency or other deficiency
or any unfunded liability with respect to any Canadian Pension Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;3.11&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Disclosure</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Company has disclosed to the Lenders all agreements, instruments and corporate or other restrictions to which the Company or any Restricted
Subsidiary is subject, and all other matters known to them, that, individually or in the aggregate, would reasonably be expected to result
in a Material Adverse Effect. Neither the Information Materials nor any of the other reports, financial statements, certificates or other
written information furnished by or on behalf of the Company or any Restricted Subsidiary to the Administrative Agent, any Arranger or
any Lender in connection with the negotiation of this Agreement or any other Loan Document or delivered hereunder or thereunder (as modified
or supplemented by other information so furnished), taken together 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;
<U>provided</U> that, with respect to forecasts and projected financial information, the Loan Parties represent only that such information
was prepared in good faith based upon assumptions believed by them to be reasonable at the time made and at the time so furnished and,
if furnished prior to the Effective Date, as of the Effective Date (it being understood that such forecasts and projections are not to
be viewed as fact and may vary from actual results and that such variances may be material).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;As
of the Effective Date, to the best knowledge of the Company, the information included in the Beneficial Ownership Certification provided
on or prior to the Effective Date to any Lender in connection with this Agreement is true and correct in all respects.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;3.12&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Subsidiaries
and Joint Ventures</U><FONT STYLE="background-color: white">. <U>Schedule 3.12</U> sets forth, as of the Effective Date, the name, type
of organization and jurisdiction of organization of, and the percentage of each class of Equity Interests owned by the Company or any
Subsidiary in, (a)&nbsp;each Subsidiary and (b)&nbsp;each joint venture in which the Company or any Subsidiary owns any Equity Interests,
and identifies each Designated Subsidiary. All the issued and outstanding Equity Interests in each Subsidiary owned by any Loan Party
have been (to the extent such concepts are relevant with respect to such Equity Interests) duly authorized and validly issued and are
fully paid and non-assessable (except as such rights may arise under mandatory provisions of applicable statutory law that may not be
waived and not as a result of any rights contained in organizational documents, and subject to capital calls for non-corporations). Except
as set forth in <U>Schedule 3.12</U>, as of the Effective Date there is no existing option, warrant, call, right, commitment or other
agreement to which the Company or any Subsidiary is a party requiring, and there are no Equity Interests in any Subsidiary outstanding
that upon exercise, conversion or exchange would require, the issuance by any Subsidiary of any additional Equity Interests or other securities
exercisable for, convertible into, exchangeable for or evidencing the right to subscribe for or purchase any Equity Interests in any Subsidiary.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;3.13&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Insurance</U><FONT STYLE="background-color: white">.
<U>Schedule 3.13</U> sets forth a description of all insurance maintained by or on behalf of the Company and the Restricted Subsidiaries
as of the Effective Date. As of the Effective Date, all premiums due and payable in respect of such insurance have been paid. The Company
believes that the insurance maintained by or on behalf of the Company and the Restricted Subsidiaries is adequate.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;3.14&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Margin
Regulations</U><FONT STYLE="background-color: white">. No Loan Party is engaged and will not engage, principally or as one of its important
activities, in the business of purchasing or carrying Margin Stock, or extending credit for the purpose of purchasing or carrying Margin
Stock, and no part of the proceeds of any Borrowing or Letter of Credit hereunder will be used to buy or carry any Margin Stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;3.15&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Solvency</U><FONT STYLE="background-color: white">.
As of the Effective Date after giving effect to the Transactions and on as of each borrowing, continuation, conversion or extension date
hereunder, (i)&nbsp;the fair value of the assets of the Company and its consolidated Subsidiaries, at a fair valuation (determined on
the basis of such property being liquidated with reasonable promptness in an arm&rsquo;s-length transaction), will exceed their debts
and other liabilities, subordinated, contingent or otherwise; (ii)&nbsp;the present fair saleable value of the property of the Company
and its consolidated Subsidiaries will be greater than the amount that will be required to pay the probable liability of their debts and
other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured; (iii)&nbsp;the
Company and its consolidated Subsidiaries will be able to pay their debts and other liabilities, subordinated, contingent or otherwise
(it being understood and agreed that for purposes of this Section, contingent liabilities mean the maximum amount of liability that could
reasonably be likely to result from pending litigation, asserted claims and assessments, guaranties, indemnification obligations, adjustment
of purchase price or other post-closing payment adjustments (including earn-outs and other similar arrangements) and uninsured risks of
the Company and its Subsidiaries), as such debts and liabilities become absolute and matured; (iv)&nbsp;the Company and its consolidated
Subsidiaries will not have unreasonably small capital with which to conduct the businesses in which they are engaged as such businesses
are now conducted and are proposed to be conducted following the Effective Date; (v)&nbsp;a UK Loan Party will not (A)&nbsp;(1)&nbsp;be
unable to or have admitted its inability to pay its debts as they fall due, (2)&nbsp;be deemed to or declare that it is unable to pay
its debts under applicable law, (3)&nbsp;have suspended or threatened to suspend making payments on any of its debts or (4)&nbsp;by reason
of actual or anticipated financial difficulties, have commenced negotiations with one or more of its creditors with a view to rescheduling
any of its indebtedness; (B)&nbsp;have aggregate assets that are less than its liabilities (taking into account contingent and prospective
liabilities); or (C)&nbsp;have declared, or have had declared a moratorium, in respect of any Indebtedness; and (vi)&nbsp;no Germany Insolvency
Event will have occurred.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;3.16&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Collateral
Matters</U><FONT STYLE="background-color: white">. The provisions of this Agreement and the other Loan Documents create legal and valid
Liens on all the Collateral granted by (a)&nbsp;the U.S. Loan Parties in favor of the Administrative Agent (for the benefit of the Lender
Parties), securing the Secured Obligations, (b)&nbsp;the Canadian Loan Parties in favor of the Administrative Agent (for the benefit of
the relevant Lender Parties), securing the Canadian Secured Obligations, (c)&nbsp;the French Loan Parties in favor of the Administrative
Agent (for the benefit of the relevant Lender Parties), securing the French Secured Obligations on and after the French Effective Date,
(d)&nbsp;the Hong Kong Loan Parties in favor of the Administrative Agent (for the benefit of the relevant Lender Parties), securing the
Hong Kong Secured Obligations, (e)&nbsp;the German Loan Parties in favor of the Administrative Agent (for the benefit of the relevant
Lender Parties), securing the German Secured Obligations, (f)&nbsp;the Swiss Loan Parties in favor of the Administrative Agent (for the
benefit of the relevant Lender Parties), securing the Swiss Secured Obligations and (g)&nbsp;the UK Loan Parties in favor of the Administrative
Agent (for the benefit of the relevant Lender Parties), securing the UK Secured Obligations, and (i)&nbsp;when the Collateral constituting
certificated securities (as defined in the UCC) or instruments (as defined in the UCC) are delivered to the Administrative Agent, together
with instruments of transfer duly endorsed in blank, the security interest created under the Loan Documents will constitute perfected
and continuing Liens on such Collateral, (ii)&nbsp;upon the filing of a UCC financing statement or the filing of a PPSA financing statement
(or equivalent) or a registration with the Hong Kong Companies Registry (in the case of the Hong Kong Loan Parties) or equivalent under
each applicable jurisdiction, the recording an appropriate document with the United States Patent and Trademark Office, United States
Copyright Office, the Canadian Intellectual Property Office or the Hong Kong Trade Marks Registry, the Design Registry or the Patents
Registry of the Intellectual Property Department of the Government of the Hong Kong Special Administration Region (collectively the &ldquo;<U>Hong
Kong IP Registries</U>&rdquo;) the security interest created under the Loan Documents will constitute a fully perfected security interest
in all right, title and interest of the Loan Parties in the Collateral to the extent perfection can be obtained by filing or recording
and (iii)&nbsp;when the Collateral constituting deposit accounts or securities account are made subject to Control Agreement the security
interest created under the Loan Documents will constitute a fully perfected security interest in all right, title and interest of the
pledgors thereunder in such Collateral, in each case, securing the applicable Secured Obligations, enforceable against the applicable
Loan Party and having priority over all other Liens on the Collateral except in the case of (x)&nbsp;Liens permitted by Section&nbsp;6.02,
to the extent any such Liens would have priority over the Liens in favor of the Administrative Agent pursuant to any applicable law or
agreement and (y)&nbsp;Liens perfected only by possession (including possession of any certificate of title) or control to the extent
the Administrative Agent has not obtained or does not maintain possession or control of such Collateral.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;3.17&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Use
of Proceeds</U><FONT STYLE="background-color: white">. The Borrowers will use the proceeds of the Loans and will request the issuance
of Letters of Credit only for purposes set forth in Section&nbsp;5.11.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;3.18&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Credit
Card Agreements</U><FONT STYLE="background-color: white">. <U>Schedule 3.18</U> (as updated from time to time as permitted by Section&nbsp;5.16)
sets forth a list describing all Credit Card Agreements to which any U.S. Loan Party is a party. All such Credit Card Agreements are in
full force and effect, currently binding upon each U.S. Loan Party that is a party thereto and, to the knowledge of the U.S. Loan Parties,
binding upon other parties thereto in accordance with their terms. The U.S. Loan Parties are in compliance in all material respects with
each such Credit Card Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;3.19&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Plan
Assets; Prohibited Transactions</U><FONT STYLE="background-color: white">. No Loan Party or any of its Subsidiaries is an entity deemed
to hold &ldquo;plan assets&rdquo; (within the meaning of the Plan Asset Regulations), and neither the execution, delivery or performance
of the transactions contemplated under this Agreement, including the making of any Loan and the issuance of any Letter of Credit hereunder,
will give rise to a non-exempt prohibited transaction under Section&nbsp;406 of ERISA or Section&nbsp;4975 of the Code.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;3.20&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Borrowing
Base Certificate</U><FONT STYLE="background-color: white">. At the time of delivery of each Borrowing Base Certificate, assuming that
any eligibility criterion that requires the approval or satisfaction of the Administrative Agent has been approved by or is satisfactory
to the Administrative Agent, each Account reflected therein as eligible for inclusion in each Borrowing Base is an Eligible Account, each
Credit Card Account Receivable reflected therein as eligible for inclusion in each Borrowing Base is an Eligible Credit Card Account Receivable
<FONT STYLE="color: red"><STRIKE>and</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>,</U></FONT> the Inventory
reflected therein as eligible for inclusion in each Borrowing Base constitutes Eligible Finished Goods Inventory<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>,
and the Trademark Assets reflected therein as eligible for inclusion in each Borrowing Base constitutes Eligible Intellectual Property</U></FONT>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;3.21&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Material
Contracts</U><FONT STYLE="background-color: white">. Each Material Contract in effect as of the Effective Date is, and after giving effect
to the consummation of the transactions contemplated by the Loan Documents will be, in full force and effect in accordance with the terms
thereof (except any such Material Contract that has expired by its terms). Neither any Loan Party nor any Subsidiary thereof is in breach
of or in default under any Material Contract where such breach or default, individually or in the aggregate, could reasonably be expected
to have a Material Adverse Effect.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;3.22&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Non-Hong
Kong Company</U><FONT STYLE="background-color: white">. Except as disclosed to the Administrative Agent, no Loan Party incorporated outside
Hong Kong is registered as a non-Hong Kong Company within the meaning of Part&nbsp;16 of the Companies Ordinance (Chapter 622 of the Laws
of Hong Kong) except as otherwise specified in writing from time to time by the Borrower Representative to the Administrative Agent.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;3.23&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Centre
of Main Interests and Establishments<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue; background-color: white">.</FONT></U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="color: red; background-color: white"><STRIKE>.
</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(a)</U></FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;For
the purposes of Regulation (EU) 2015/848 of the European Parliament and of the Council of 20 May&nbsp;2015 on insolvency proceedings (recast)
(the &ldquo;<U>Regulation</U>&rdquo;), (<FONT STYLE="color: red; background-color: white"><STRIKE>a</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>i</U></FONT>)
each of the <FONT STYLE="color: red; background-color: white"><STRIKE>UK Loan Parties&rsquo;, </STRIKE></FONT>French Loan Parties&rsquo;
and German Loan Parties&rsquo; centre of main interests (as that term is used in Article&nbsp;3(1)&nbsp;of the Regulation) is situated
in its jurisdiction of incorporation and (<FONT STYLE="color: red; background-color: white"><STRIKE>b</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>ii</U></FONT>)
none of the <FONT STYLE="color: red; background-color: white"><STRIKE>UK Loan Parties, </STRIKE></FONT>French Loan Parties or German Loan
Parties have an &ldquo;establishment&rdquo; (as that term is used in Article&nbsp;2(10)&nbsp;of the Regulation) in any other jurisdiction
(or any equivalent provision(s)&nbsp;of any applicable successor to the Regulation which may apply from time to time to any of the Loan
Parties<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>)</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(b)</U></FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>For
the purposes of the Retained Regulation (i)&nbsp;each of the UK Loan Parties&rsquo; centre of main interests (as that term is used in
Article&nbsp;3(1)&nbsp;of the Retained Regulation) is situated in its jurisdiction of incorporation and (ii)&nbsp;none of the UK Loan
Parties have an &ldquo;establishment&rdquo; (as that term is used in Article&nbsp;2(10)&nbsp;of the Regulation) in any other jurisdiction
(or any equivalent provision(s)&nbsp;of any applicable successor to the Retained Regulation or the Regulation, respectively, which may
apply from time to time to any of the Loan Parties).</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;3.24&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Compliance
with the Swiss Non-Bank Rules</U><FONT STYLE="background-color: white">. Each Swiss Borrower (and each Swiss Subsidiary) is in full compliance
with the Swiss Non-Bank Rules&nbsp;and, for the purposes of this Section&nbsp;3.24, the Swiss Borrowers (and each Swiss Subsidiary) shall
assume that the aggregate number of Lenders in respect of the European Facility that are Swiss Non-Qualifying Banks is ten. A Swiss Borrower
shall not be in breach of this representation if Swiss Withholding Tax is triggered as a result of a Lender&rsquo;s failure to comply
with Sections 9.04(b)(iii), 9.04(c)&nbsp;or resulting from an incorrect Lender status confirmation under Section&nbsp;2.17(i)&nbsp;or
having lost the status as Swiss Qualifying Bank.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>ARTICLE&nbsp;IV</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Conditions</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;4.01&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Effective
Date</U><FONT STYLE="background-color: white">. The obligations of the Lenders to make Loans (other than French Revolving Loans to the
French Borrowers) and of the Issuing Banks to issue Letters of Credit hereunder shall not become effective until the date on which each
of the following conditions is satisfied (or waived in accordance with Section&nbsp;9.02) to the satisfaction of the Administrative Agent:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Credit
Agreement</U>. The Administrative Agent (or its counsel) shall have received from each party hereto either (i)&nbsp;a counterpart of this
Agreement signed on behalf of such party or (ii)&nbsp;evidence satisfactory to the Administrative Agent (which may include PDF or electronic
transmission of a signed signature page&nbsp;of this Agreement) that such party has signed a counterpart of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Opinions</U>.
The Administrative Agent shall have received a favorable written opinion (addressed to the Administrative Agent and the Lenders and dated
the Effective Date) of (i)&nbsp;Akin Gump Strauss Hauer&nbsp;&amp; Feld LLP, New York counsel for the Loan Parties, (ii)&nbsp;Stikeman
Elliott LLP, Canadian counsel for the Loan Parties, with respect to the laws of Ontario, Alberta, Quebec, and British Columbia, (iii)&nbsp;Stewart
McKelvey LLP, Canadian counsel for the Loan Parties with respect to the laws of New Brunswick and Nova Scotia, (iv)&nbsp;Fillmore Riley
LLP, Canadian counsel to the Administrative Agent, with respect to the laws of Manitoba, (v)&nbsp;Morris, Nichols, Arsht&nbsp;&amp; Tunnell
LLP, Delaware counsel for the Loan Parties, (vi)&nbsp;Mayer Brown LLP, Hong Kong counsel for the Administrative Agent, (vii)&nbsp;Mayer
Brown LLP, German counsel for the Administrative Agent, (viii)&nbsp;Walder Wyss Ltd., Swiss counsel for the Administrative Agent, (ix)&nbsp;CMS
von Erlach Poncet Ltd., Swiss counsel for the Loan Parties, (x)&nbsp;Mayer Brown International LLP, English counsel for the Administrative
Agent, and (xi)&nbsp;CMS Hasche Sigle, German counsel for the Loan Parties , in each case, in form and substance reasonably satisfactory
to the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Organization
and Good Standing Documents</U>. The Administrative Agent shall have received such documents and certificates as the Administrative Agent
may reasonably request relating to the organization, existence and good standing (or equivalent) of each Loan Party (other than the French
Loan Parties) as of a recent date prior to or as of the Effective Date, the authorization of the Transactions and any other legal matters
relating to the Loan Parties, the Loan Documents or the Transactions, all in form and substance reasonably satisfactory to the Administrative
Agent. For each German Loan Party organized as a limited liability company, it shall include its articles of association, the shareholder
list, an excerpt from the commercial register, and any other organizational agreement applicable to it.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Representations
and Warranties</U>. The representations and warranties of the Loan Parties (other than the French Loan Parties) set forth in the Loan
Documents shall be true and correct (i)&nbsp;in the case of representations and warranties qualified as to materiality, in all respects
and (ii)&nbsp;otherwise, in all material respects, in each case on and as of the Effective Date, except in the case of any such representation
and warranty that expressly relates to a prior date, in which case such representation and warranty shall be so true and correct on and
as of such prior date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Officer&rsquo;s
Certificate</U>. The Administrative Agent shall have received a certificate, dated the Effective Date and signed by a Responsible Officer
of the Company, confirming compliance with the conditions set forth in paragraphs (d), (j)&nbsp;and (n)&nbsp;of this Section.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Solvency
Certificate</U>. The Administrative Agent shall have received a certificate, dated the Effective Date and signed by the chief financial
officer of the Company, as to the solvency of the Company and its Subsidiaries on a Consolidated basis after giving effect to the Transactions,
in the form of <U>Exhibit&nbsp;J</U>. Each European Loan Party and Hong Kong Loan Party shall have delivered a certificate as to the solvency
of such Loan Party on an individual basis after giving effect to the Transactions. Each German Loan Party shall have delivered a certificate
to the effect that no German Insolvency Event has occurred with respect to such German Loan Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Collateral
and Guarantee Requirement</U>. Other than as set forth on <U>Schedule 5.25</U>, the Collateral and Guarantee Requirement shall have been
satisfied (other than with respect to the French Loan Parties). The Administrative Agent shall have received a completed Perfection Certificate,
dated the Effective Date and signed by an executive officer or a Financial Officer of the Company, together with all attachments contemplated
thereby, including the results of a search of the UCC filings and PPSA financing statements and similar filings under applicable foreign
laws, including the Hong Kong Companies Registry or the Hong Kong IP Registries for the Hong Kong Loan Parties, made with respect to the
Loan Parties in the jurisdictions contemplated by the Perfection Certificate and copies of the financing statements (or similar documents)
disclosed by such search and evidence reasonably satisfactory to the Administrative Agent that the Liens indicated by such financing statements
(or similar documents) are permitted under Section&nbsp;6.02 or have been, or substantially contemporaneously with the initial funding
of Loans on the Effective Date will be, released. The Intercreditor Agreement shall have been executed and delivered by each party thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Customer
Lists</U>. The Administrative Agent shall have received a true and complete customer list for each U.S. Loan Party, Canadian Loan Party,
European Borrower, French Borrower and Hong Kong Borrower, which list shall state the customer&rsquo;s name, mailing address and phone
number and shall be certified as true and correct in all material respects by a Financial Officer of the Borrower Representative.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Insurance
Certificates</U>. The Administrative Agent shall have received evidence that the Administrative Agent, for the benefit of the Lender Parties,
has been named as additional insured and loss payee under the Company&rsquo;s master global property and liability insurance policies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(j)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>No
Default</U>. As of the Effective Date, no Default shall have occurred and be continuing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(k)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Refinancing</U>.
The Administrative Agent shall have received reasonably satisfactory evidence that the Refinancing has been completed or will be completed
substantially concurrently with the effectiveness of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(l)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Payment
of Fees</U>. The Administrative Agent and the Arrangers shall have received all fees and other amounts due and payable on or prior to
the Effective Date, including, to the extent invoiced, payment or reimbursement of all fees and expenses (including fees, charges and
disbursements of counsel) required to be paid or reimbursed by any Loan Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(m)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Know
Your Customer Information</U>. (i)&nbsp;The Lenders shall have received all documentation and other information required by bank regulatory
authorities under applicable &ldquo;know your customer&rdquo; and anti-money laundering rules&nbsp;and regulations, including the USA
Patriot Act, at least five Business Days prior to the Effective Date to the extent such information was requested at least 10 Business
Days prior to the Effective Date and (ii)&nbsp;to the extent any Borrower qualifies as a &ldquo;legal entity customer&rdquo; under the
Beneficial Ownership Regulation, at least five (5)&nbsp;days prior to the Effective Date, any Lender that has requested, in a written
notice to the Borrowers at least ten (10)&nbsp;days prior to the Effective Date, a Beneficial Ownership Certification in relation to each
Borrower shall have received such Beneficial Ownership Certification (<U>provided</U> that, upon the execution and delivery by such Lender
of its signature page&nbsp;to this Agreement, the condition set forth in this clause (ii)&nbsp;shall be deemed to be satisfied).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(n)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>No
Material Adverse Effect</U>. Since December&nbsp;29, 2018, there has not have been or occurred, any Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(o)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Borrowing
Base Certificate</U>. The Agents shall have received a Borrowing Base Certificate which calculates the Borrowing Base as of August&nbsp;24,
2019, which such Borrowing Base Certificate shall demonstrate at least $90,000,000 of Availability.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(p)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Term
Credit Agreement</U>. The Company shall have entered into the Term Credit Agreement and shall have made the initial borrowings thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(q)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Financial
Statements</U>. The Lenders shall have received unaudited interim consolidated financial statements of the Company for the Fiscal Quarter
ending June&nbsp;29, 2019, and such financial statements shall not, in the reasonable judgment of the Administrative Agent, reflect any
material adverse change in the consolidated financial condition of the Company, as reflected in the financial statements or projections
contained in the Information Materials.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Administrative Agent shall notify the Borrowers and the Lenders
of the Effective Date, and such notice shall be conclusive and binding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;4.02&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Each
Credit Event</U><FONT STYLE="background-color: white">. The obligation of each Lender to make a Loan on the occasion of any Borrowing
(other than any Borrowing made on the Effective Date), and of each Issuing Bank to issue, amend, renew or extend any Letter of Credit,
is subject to receipt of the request therefor in accordance herewith and to the satisfaction of the following conditions:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
representations and warranties of the Loan Parties set forth in this Agreement or any other Loan Document shall be true and correct in
all material respects on and as of the date of such Borrowing or the date of issuance, amendment or extension of such Letter of Credit,
as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;At
the time of and immediately after giving effect to such Borrowing or the issuance, amendment or extension of such Letter of Credit, as
applicable, no Default shall have occurred and be continuing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;After
giving effect to such Borrowing or the issuance, amendment or extension of such Letter of Credit, the Borrowers shall be in compliance
with the Revolving Exposure Limitations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Each Borrowing and each issuance, amendment or extension of a Letter
of Credit shall be deemed to constitute a representation and warranty by the Borrowers on the date thereof as to the matters specified
in paragraphs (a), (b)&nbsp;and (c)&nbsp;of this Section.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Notwithstanding the failure to satisfy the conditions precedent set
forth in paragraph (a)&nbsp;or (b)&nbsp;of this Section, unless otherwise directed by the Required Lenders, the Administrative Agent may,
but shall have no obligation to, continue to make Loans and an Issuing Bank may, but shall have no obligation to, issue or cause to be
issued any Letter of Credit for the ratable account and risk of Lenders from time to time if the Administrative Agent believes that making
such Loans or issuing or causing to be issued any such Letter of Credit is in the best interests of the Lenders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&nbsp;4.03</U>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>French
Effective Date</U><FONT STYLE="background-color: white">. The obligations of the French Revolving Lenders to make French Revolving Loans
to the French Borrowers shall not become effective until the date on which each of the following conditions is satisfied (or waived in
accordance with Section&nbsp;9.02) to the satisfaction of the Administrative Agent and each Lender (such date, the &ldquo;<U>French Effective
Date</U>&rdquo;):</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>French
Joinder</U>. The Administrative Agent (or its counsel) shall have received from each party thereto either (i)&nbsp;a counterpart of the
French Joinder on behalf of such party or (ii)&nbsp;evidence satisfactory to the Administrative Agent (which may include PDF or electronic
transmission of a signed signature page&nbsp;of this Agreement) that such party has signed a counterpart of the French Joinder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Opinions</U>.
The Administrative Agent shall have received a favorable written opinion (addressed to the Administrative Agent and the Lenders and dated
the French Effective Date) of (i)&nbsp;Akin Gump Strauss Hauer&nbsp;&amp; Feld LLP, New York counsel for the Loan Parties and (ii)&nbsp;Mayer
Brown, French counsel for the Administrative Agent, in each case, in form and substance reasonably satisfactory to the Administrative
Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Organization
and Good Standing Documents</U>. The Administrative Agent shall have received such documents and certificates as the Administrative Agent
may reasonably request relating to the organization, existence and good standing (or equivalent) of each French Loan Party as of a recent
date prior to or as of the French Effective Date, the authorization of the Transactions and any other legal matters relating to the French
Loan Parties, the Loan Documents or the Transactions, all in form and substance reasonably satisfactory to the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Representations
and Warranties</U>. The representations and warranties of the French Loan Parties set forth in the Loan Documents shall be true and correct
(i)&nbsp;in the case of representations and warranties qualified as to materiality, in all respects and (ii)&nbsp;otherwise, in all material
respects, in each case on and as of the French Effective Date, except in the case of any such representation and warranty that expressly
relates to a prior date, in which case such representation and warranty shall be so true and correct on and as of such prior date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Officer&rsquo;s
Certificate</U>. The Administrative Agent shall have received a certificate, dated the French Effective Date and signed by the chief financial
officer of the Company, confirming compliance with the conditions set forth in paragraphs (d), (i)&nbsp;and (k)&nbsp;of this Section.
In particular, in respect of the French Borrowers, the Administrative Agent shall have received a certificate of each French Borrower,
dated the French Effective Date and executed by a legal representative (or authorized attorney), which shall (A)&nbsp;certify the relevant
corporate approval documents (and powers of attorney, if applicable) authorizing the execution, delivery and performance of the Loan Documents
to which it is a party, (B)&nbsp;identify by name and title and bear the signatures of any officers and directors of each French Borrower
authorized to sign the Loan Documents to which it is a party, and (C)&nbsp;contain appropriate attachments, including (i)&nbsp;a copy
of the certificate of incorporation (<I>k-bis</I>) of each French Borrower, (ii)&nbsp;a true and correct and up-to-date copy of its bylaws
(<I>statuts</I>), (iii)&nbsp;a non-bankruptcy certificate (<I>certificatede non-faillite</I>) and (iv)&nbsp;a lien search certificate
(<I>&eacute;tat des privil&egrave;ges et des nantissements</I>).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Solvency
Certificate</U>. The Administrative Agent shall have received a certificate, dated the French Effective Date and signed by the chief financial
officer of the Company, as to the solvency of the Company and its Subsidiaries on a Consolidated basis after giving effect to the Transactions
and the French Joinder, in the form of <U>Exhibit&nbsp;J</U>. Each French Loan Party shall have delivered a certificate as to the solvency
of such French Loan Party on an individual basis after giving effect to the Transactions and the French Joinder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Collateral
and Guarantee Requirement</U>. The Collateral and Guarantee Requirement shall have been satisfied with respect to the French Loan Parties.
The Administrative Agent shall have received a completed Perfection Certificate with respect to the French Loan Parties, dated the French
Effective Date and signed by an executive officer or a Financial Officer of the Company, together with all attachments contemplated thereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Insurance
Certificates</U>. The Administrative Agent shall have received evidence, together with endorsements, that the Administrative Agent, for
the benefit of the Lender Parties, has been named as additional insured and loss payee under the Company&rsquo;s master global property
and liability insurance policies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>No
Default</U>. As of the French Effective Date, no Default shall have occurred and be continuing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(j)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Payment
of Fees</U>. Without duplication of any fees and expenses paid on the Effective Date, the Administrative Agent and the Arrangers shall
have received all fees and other amounts due and payable on or prior to the French Effective Date, including, to the extent invoiced,
payment or reimbursement of all fees and expenses (including fees, charges and disbursements of counsel) required to be paid or reimbursed
by any Loan Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(k)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>No
Material Adverse Effect</U>. Since December&nbsp;29, 2018, there has not have been or occurred, any Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(l)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>TEG
Letter</U>. The Administrative Agent and the relevant Lenders shall have provided to each French Borrower the TEG letter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(m)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Know
Your Customer Information</U>. (i)&nbsp;The Lenders shall have received all documentation and other information regarding the French Borrower
required by bank regulatory authorities under applicable &ldquo;know your customer&rdquo; and anti-money laundering rules&nbsp;and regulations,
including the USA Patriot Act, at least five Business Days prior to the Effective Date to the extent such information was requested at
least 10 Business Days prior to the Effective Date and (ii)&nbsp;to the extent the French Borrower qualifies as a &ldquo;legal entity
customer&rdquo; under the Beneficial Ownership Regulation, at least five (5)&nbsp;days prior to the Effective Date, any Lender that has
requested, in a written notice to the Borrower Representative at least ten (10)&nbsp;days prior to the Effective Date, a Beneficial Ownership
Certification in relation to the French Borrower shall have received such Beneficial Ownership Certification.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(n)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>French
Revolving Lenders</U>. The Administrative Agent shall have received written approval of the French Effective Date from each French Revolving
Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Administrative Agent shall notify the Borrowers and the Lenders
of the French Effective Date, and such notice shall be conclusive and binding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>ARTICLE&nbsp;V</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Affirmative Covenants</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Until the Commitments have expired or been terminated and the principal
of and interest on each Loan and all fees, expenses and other amounts payable under any Loan Document (other than Banking Services Obligations
and contingent or indemnity obligations for which no claim has been made) have been paid in full and all Letters of Credit have expired
or terminated and all LC Disbursements shall have been reimbursed, the Loan Parties severally covenant and agree with the Lenders that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;5.01&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Financial
Statements: Borrowing Base and Other Information</U><FONT STYLE="background-color: white">. The Company will furnish to the Administrative
Agent, for distribution to each Lender:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;within
90 days after the end of each Fiscal Year of the Company, its audited consolidated balance sheet and related consolidated statements of
operations, shareholders&rsquo; equity and cash flows as of the end of and for such Fiscal Year, setting forth in each case in comparative
form the figures for the previous Fiscal Year (including a report containing management&rsquo;s discussion and analysis of such financial
statements), all audited by and accompanied by the opinion of an independent registered public accounting firm of recognized national
standing (without a &ldquo;going concern&rdquo; or like qualification, exception or emphasis and without any qualification or exception
as to the scope of such audit, other than solely with respect to, or resulting solely from, an upcoming maturity date under this Agreement
occurring within one year from the time such opinion is delivered) to the effect that such consolidated financial statements present fairly,
in all material respects, the financial position, results of operations and cash flows of the Company and its consolidated Subsidiaries
as of the end of and for such Fiscal Year on a consolidated basis in accordance with GAAP;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;within
45 days after the end of each of the first three Fiscal Quarters of each Fiscal Year of the Company (or, with respect to the Fiscal Quarter
ended April&nbsp;4, 2020, by July&nbsp;6, 2020; <U>provided</U> that failure to comply with such period for such Fiscal Quarter shall
constitute an immediate Event of Default notwithstanding any grace period otherwise applicable thereto), its unaudited consolidated balance
sheet as of the end of such Fiscal Quarter, the related unaudited consolidated statements of operations for such Fiscal Quarter and the
then elapsed portion of the Fiscal Year and the related unaudited consolidated statement of cash flows for the then elapsed portion of
the Fiscal Year, setting forth in each case in comparative form the figures for the corresponding period or periods of (or, in the case
of the balance sheet, as of the end of) the previous Fiscal Year (including a report containing management&rsquo;s discussion and analysis
of such financial statements), all certified by a Financial Officer of the Company as presenting fairly in all material respects the financial
position, results of operations and cash flows on a consolidated basis of the Company and its consolidated Subsidiaries as of the end
of and for such Fiscal Quarter and such portion of the Fiscal Year on a consolidated basis in accordance with GAAP, subject to normal
year-end audit adjustments and the absence of footnotes;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;concurrently
with each delivery of financial statements under clause (a)&nbsp;or (b)&nbsp;above, a completed Compliance Certificate signed by a Financial
Officer of the Company (i)&nbsp;certifying, in the case of the financial statements delivered under clause (b)&nbsp;that such financial
statements present fairly in all material respects the financial position, results of operations and cash flows of the Company and its
consolidated Subsidiaries on a consolidated basis in accordance with GAAP, subject to normal year end audit adjustments and the absence
of footnotes, (ii)&nbsp;certifying as to whether a Default has occurred and, if a Default has occurred, specifying the details thereof
and any action taken or proposed to be taken with respect thereto, (iii)&nbsp;setting forth reasonably detailed calculations of the Total
Leverage Ratio as of the end of the applicable Fiscal Year or Fiscal Quarter, (iv)&nbsp;setting forth reasonably detailed calculations
demonstrating compliance with Section&nbsp;6.12, (v)&nbsp;if any change in GAAP or in the application thereof has occurred since the date
of the audited financial statements referred to in Section&nbsp;3.04, specifying the effect of such change on the financial statements
accompanying such certificate (and, in the event of any such change referred to in Section&nbsp;1.05(b), with respect to the amounts included
in the calculation of the Fixed Charge Coverage Ratio for the period of four Fiscal Quarters of the Company then most recently ended,
providing a reasonably detailed reconciliation of such amounts as they are reflected in the financial statements accompanying such certificate
and as they would be reflected therein without giving effect to such change), (vi)&nbsp;certifying that all notices required to be provided
under Sections 5.02 and 5.04 have been provided and (vii)&nbsp;if there are any Unrestricted Subsidiaries setting forth the financial
information in detail reasonably satisfactory to the Administrative Agent for the applicable period for such Unrestricted Subsidiaries;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;promptly
upon request of the Administrative Agent (which request shall be made no more than once per calendar year), a true and complete customer
list for each U.S. Loan Party, Canadian Loan Party, European Borrower, French Borrower and Hong Kong Borrower, which list shall state
the customer&rsquo;s name, mailing address and phone number and shall be certified as true and correct by a Financial Officer of the Borrower
Representative;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;concurrently
with each delivery of financial statements under clause (a)&nbsp;above, a copy of the plan and forecast (including projected Availability
and a projected consolidated and consolidating balance sheet, statement of operations and statement of cash flow) of the Company for each
quarter of the upcoming Fiscal Year (provided that, with respect to such plan and forecast delivered for the Fiscal Year ending January&nbsp;2,
2021, the Company will furnish to the Administrative Agent, for distribution to each Lender, such plan and forecast as updated to address
the impact of the COVID-19 coronavirus pandemic by no later than April&nbsp;30, 2020) (in each case, in form and substance reasonably
satisfactory to the Administrative Agent);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;as
soon as available but in any event within 30 days <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>after each Borrowing Base
Reporting Date (or, for any Borrowing Base Reporting Date in respect of the last day of any Fiscal Quarter, no later than the earlier
of (x)&nbsp;such 30th day and (y)&nbsp;the date that is three Business Days prior to the first day of the first Fiscal Month following
such 30th day) </U></FONT>(or, during any Weekly Reporting Period, on Friday of each week (or if Friday is not a Business Day, on the
next succeeding Business Day)) <FONT STYLE="color: red"><STRIKE>after each Borrowing Base Reporting Date</STRIKE></FONT>, a Borrowing
Base Certificate setting forth a computation of the Borrowing Base as of such Borrowing Base Reporting Date, together with supporting
information and any additional reports with respect to the Borrowing Base that the Administrative Agent may reasonably request;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;concurrently
with any delivery of a Borrowing Base Certificate under clause (f)&nbsp;above, the following information as of such Borrowing Base Reporting
Date, all delivered electronically in a text formatted file in form reasonably acceptable to the Administrative Agent:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;(A)&nbsp;a
summary level aging of the Loan Parties&rsquo; Accounts (1)&nbsp;including all invoices&rsquo; invoice date and payment terms) and (2)&nbsp;reconciled
to the Borrowing Base Certificate delivered as of such date in a form reasonably acceptable to the Administrative Agent and (B)&nbsp;a
summary aging of the Loan Parties&rsquo; Accounts specifying the name, address and balance due for each Account Debtor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;a
summary level aging of the Loan Parties&rsquo; Credit Card Accounts Receivables (A)&nbsp;including aging by each credit card issuer and
credit card processor and (B)&nbsp;reconciled to the Borrowing Base Certificate delivered as of such date, in a form reasonably acceptable
to the Administrative Agent, together with a summary specifying the balance due from each credit card issuer or credit card processor;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.75in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;a
summary level report of the Loan Parties&rsquo; Inventory, (A)&nbsp;by location (showing Inventory in transit, any Inventory located with
a third party under any consignment, bailee arrangement or warehouse agreement), by product type and by volume on hand, which Inventory
shall be valued at the lower of cost (determined on a first-in, first-out basis) or market and adjusted for Reserves as the Administrative
Agent has previously indicated to the Borrower Representative are deemed by the Administrative Agent to be appropriate, (B)&nbsp;including
a report of any variances or other results of Inventory counts performed by the Loan Parties since the last Inventory schedule (including
information regarding sales or other reductions, additions, returns, credits issued by the Loan Parties), and (C)&nbsp;reconciled to the
Borrowing Base Certificate delivered as of such date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.75in">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;a
worksheet of calculations prepared by the Loan Parties to determine Eligible Credit Card Accounts Receivables, Eligible Accounts <FONT STYLE="color: red"><STRIKE>and</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>,</U></FONT>
Eligible Finished Goods Inventory <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>and Eligible Intellectual Property</U></FONT>,
such worksheets detailing the Credit Card Accounts Receivables, Accounts <FONT STYLE="color: red"><STRIKE>and</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>,</U></FONT>&nbsp;Inventory
<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>and Trademark Assets </U></FONT>excluded from Eligible Credit Card Accounts
Receivables, Eligible Accounts <FONT STYLE="color: red"><STRIKE>and</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>,</U></FONT>
Eligible Finished Goods Inventory and <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Eligible Intellectual Property and </U></FONT>the
reasons for such exclusion;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.75in">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;a
reconciliation of the Loan Parties&rsquo; Credit Card Accounts Receivables, Accounts and Inventory between the amounts shown in the Loan
Parties&rsquo; general ledger and financial statements and the reports delivered pursuant to clauses (i), (ii), (iii)&nbsp;and (iv)&nbsp;above;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.75in">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;a
reconciliation of the loan balance per the Loan Parties&rsquo; general ledger to the loan balance under this Agreement; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.75in">(vii)&#8239;&#8239;&#8239;&#8239;a
schedule and aging of the Loan Parties&rsquo; accounts payable as of the month then ended, delivered electronically in a text formatted
file in a form reasonably acceptable to the Administrative Agent;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;promptly
after the same become publicly available, copies of all periodic and other reports, proxy statements and other materials filed by the
Company or any Subsidiary with the SEC or any Canadian federal or provincial securities commission, or with any national securities exchange,
or distributed by the Company to its shareholders generally, as the case may be; <U>provided</U> that the Company shall be deemed to have
satisfied the requirements of this Section&nbsp;5.01(h)&nbsp;upon the filing of such reports, statements or materials through the SEC&rsquo;s
EDGAR system or the publication by the Company of such reports, statements or materials on its website;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;promptly
after any request therefor by the Administrative Agent, copies of (x)(i)&nbsp;each Schedule B (Actuarial Information) to the most recent
annual report (Form&nbsp;5500 Series) filed by any Loan Party or any ERISA Affiliate with the Internal Revenue Service with respect to
each Plan; (ii)&nbsp;the most recent actuarial valuation report for each Plan; (iii)&nbsp;such other documents or governmental reports
or filings relating to any Plan as the Administrative Agent shall reasonably request and (y)(i)&nbsp;any documents described in Section&nbsp;101(k)(1)&nbsp;of
ERISA that the Loan Parties or any ERISA Affiliate may request with respect to any Multiemployer Plan and (ii)&nbsp;any notices described
in Section&nbsp;101(1)(1)&nbsp;of ERISA that the Loan Parties or any ERISA Affiliate may request with respect to any Multiemployer Plan;
<U>provided</U> that if the Loan Parties or any ERISA Affiliate have not requested such documents or notices from the administrator or
sponsor of the applicable Multiemployer Plan, upon request by the Administrative Agent, the applicable Loan Party or ERISA Affiliate shall
promptly make a request for such documents and notices from such administrator or sponsor and shall provide copies of such documents and
notices to the Administrative Agent promptly after receipt thereof; <U>provided</U>, <U>further</U> that notwithstanding anything herein
the rights of the Administrative Agent under Section&nbsp;5.01(i)(y)(ii)&nbsp;shall be exercised not more than once with respect to the
same Multiemployer Plan during any applicable plan year;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(j)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;promptly
after the filing thereof with any Governmental Authority upon request of the Administrative Agent, a copy of each actuarial valuation
report in respect of any Canadian Pension Plan; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(k)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;promptly
after any request therefor, (x)&nbsp;such other information regarding the operations, business affairs and financial condition of the
Company or any Subsidiary, or compliance with the terms of any Loan Document, as the Administrative Agent or any Lender may reasonably
request (which, for the avoidance of doubt, may include standalone financial statements for the Company or any of its Subsidiaries) and
(y)&nbsp;information and documentation reasonably requested by the Administrative Agent or any Lender for purposes of compliance with
applicable &ldquo;know your customer&rdquo; and anti-money laundering rules&nbsp;and regulations, including the USA PATRIOT Act and the
Beneficial Ownership Regulation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Documents required to be delivered pursuant to this Section&nbsp;5.01
or Section&nbsp;5.02 may be delivered electronically and, if so delivered, shall be deemed to have been delivered on the date (i)&nbsp;on
which such materials are publicly available as posted on the Electronic Data Gathering, Analysis and Retrieval system (EDGAR); or (ii)&nbsp;on
which such documents are posted on a Borrower&rsquo;s behalf on an Internet or intranet website, if any, to which each Lender and the
Administrative Agent have access (whether a commercial, third-party website or whether made available by the Administrative Agent); <U>provided</U>
that: (A)&nbsp;upon written request by the Administrative Agent (or any Lender through the Administrative Agent) to the Borrower Representative,
the Borrower Representative shall deliver paper copies of such documents to the Administrative Agent or such Lender until a written request
to cease delivering paper copies is given by the Administrative Agent or such Lender and (B)&nbsp;the Borrower Representative shall notify
the Administrative Agent and each Lender (by fax or through Electronic Systems) of the posting of any such documents and provide to the
Administrative Agent through Electronic Systems electronic versions (<I>i.e</I>., soft copies) of such documents. The Administrative Agent
shall have no obligation to request the delivery of or to maintain paper copies of the documents referred to above, and in any event shall
have no responsibility to monitor compliance by any Borrower with any such request by a Lender for delivery, and each Lender shall be
solely responsible for timely accessing posted documents or requesting delivery of paper copies of such document to it and maintaining
its copies of such documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;5.02&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Notices
of Material Events</U>. The Company will furnish to the Administrative Agent (for distribution to
the Lenders) written notice promptly upon any Financial Officer, or other officer or employee responsible for compliance with the Loan
Documents, of the Company or any Subsidiary becoming aware of any of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;(i)&nbsp;the
occurrence of any Default or (ii)&nbsp;any event or circumstance which constitutes or which with the passage of time or giving of notice
or both would constitute a default or event of default under any Material Contract to which the Company or any of its Restricted Subsidiaries
is a party or by which the Company or any Restricted Subsidiary thereof or any of their respective properties may be bound which could
reasonably be expected to have a Material Adverse Effect;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
filing or commencement of any action, suit or proceeding by or before any arbitrator or Governmental Authority against or involving the
Company or any Restricted Subsidiary, or any adverse development in any such pending action, suit or proceeding not previously disclosed
in writing by the Company to the Administrative Agent and the Lenders, that in each case would reasonably be expected to result in a Material
Adverse Effect or that in any manner questions the validity of any Loan Document;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
and all notices that a material default has occurred and is continuing received under or with respect to any leased location or public
warehouse where Collateral having an aggregate value in excess of $10,000,000 is located (which shall be delivered within ten (10)&nbsp;Business
Days after receipt thereof);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
occurrence of an ERISA Event or Foreign Pension Plan Event that has resulted, or would reasonably be expected to result, in a Material
Adverse Effect;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
change in the fiscal year of the Company or its method of determining fiscal quarters;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
other development that has resulted, or would reasonably be expected to result, in a Material Adverse Effect; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
change in the information provided in the Beneficial Ownership Certification delivered to such Lender that would result in a change to
the list of beneficial owners identified in such certification.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Each notice delivered under this Section&nbsp;shall be accompanied
by a statement of a Financial Officer or other executive officer of the Company setting forth the details of the event or development
requiring such notice and any action taken or proposed to be taken with respect thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;5.03&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Additional
Subsidiaries</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Subject
to applicable law, each Borrower and each Loan Party will cause each Designated Subsidiary formed or acquired after the Effective Date
(or, in the case of a French Subsidiary, the French Effective Date) or that becomes a Designated Subsidiary after the Effective Date (or,
in the case of a French Subsidiary, the French Effective Date) in accordance with the terms of this Agreement to within 30 days (in each
case, as such time may be extended in the Administrative Agent&rsquo;s sole discretion) (i)&nbsp;become a Guarantor by executing a Joinder
Agreement and (ii)&nbsp;satisfy the Collateral and Guarantee Requirement with respect to such Designated Subsidiary and with respect to
any Equity Interests in or Indebtedness of such Designated Subsidiary owned by or on behalf of any Loan Party. Upon execution and delivery
thereof, each such Person (i)&nbsp;shall automatically become a Guarantor hereunder and thereupon shall have all of the rights, benefits,
duties, and obligations in such capacity under the Loan Documents and (ii)&nbsp;will grant Liens to the Administrative Agent, for the
benefit of the Administrative Agent and the applicable Lender Parties, in any property of such Loan Party which constitutes Collateral,
under the applicable Security Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;At
the option of the Borrower Representative, it may (i)&nbsp;cause a U.S. Subsidiary to become a &ldquo;U.S. Subsidiary Borrower&rdquo;
hereunder, (ii)&nbsp;after the French Effective Date, cause a French Subsidiary to become a &ldquo;French Borrower&rdquo; hereunder, (iii)&nbsp;cause
a Swiss Subsidiary to become a &ldquo;Swiss Borrower&rdquo; hereunder, (iv)&nbsp;cause a UK Subsidiary to become a &ldquo;UK Borrower&rdquo;
hereunder, (v)&nbsp;cause a Hong Kong Subsidiary to become a &ldquo;Hong Kong Borrower&rdquo; hereunder, (vi)&nbsp;cause a Canadian Subsidiary
to become a &ldquo;Canadian Borrower&rdquo; hereunder or (vi)&nbsp;cause a German Subsidiary to become a &ldquo;German Borrower&rdquo;
hereunder, in each case, by (x)&nbsp;delivering a written notice to the Administrative Agent at least fifteen (15) Business Days prior
to such Subsidiary becoming a Borrower, (y)&nbsp;at least three (3)&nbsp;Business Days prior to such Subsidiary becoming a Borrower, delivering
to the Administrative Agent and the Lenders under the applicable Facility all documentation and other information required by regulatory
authorities under applicable &ldquo;know your customer&rdquo; and anti-money laundering rules&nbsp;and regulations, including the Patriot
Act and the Beneficial Ownership Regulation, in each case to the extent requested in writing at least ten (10)&nbsp;Business Days prior
to such Subsidiary becoming a Borrower, and (z)&nbsp;causing such Subsidiary (A)&nbsp;to execute a joinder agreement to this Agreement
in form and substance satisfactory to the Administrative Agent; (B)&nbsp;to satisfy the Collateral and Guarantee Requirement with respect
to the assets of such Subsidiary and with respect to any Equity Interests in or Indebtedness of such Subsidiary owned by or on behalf
of any Loan Party and to take all actions necessary or advisable in the opinion of the Administrative Agent to cause the Lien created
by the applicable Collateral Document to be duly perfected to the extent required by such agreement in accordance with all applicable
requirements of Law, including the filing of financing statements in such jurisdictions as may be reasonably requested by the Administrative
Agent; (C)&nbsp;at the request of the Administrative Agent, deliver to the Administrative Agent a signed copy of an opinion, addressed
to the Administrative Agent and the other Lenders, of counsel to the Loan Parties reasonably acceptable to the Administrative Agent as
to such matters set forth in this Section&nbsp;5.03(b)&nbsp;and customarily opined upon by counsel to the Loan Parties as the Administrative
Agent may reasonably request; and (D)&nbsp;the Administrative Agent shall have received the results of an appraisal and a field examination,
from an appraiser and an examiner reasonably satisfactory to the Administrative Agent; (E)&nbsp;such Subsidiary shall have duly authorized,
executed and delivered such customary documentation, and taken such other customary collateral security and perfection actions, deemed
reasonably necessary by the Administrative Agent in its Permitted Discretion, to provide a valid and enforceable first priority and perfected
or equivalent Lien (subject to Permitted Liens) in the Collateral of such Subsidiary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;5.04&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Information
Regarding Collateral</U><FONT STYLE="background-color: white">. Each Loan Party will furnish to the Administrative Agent prompt written
notice (and in any event within 60 days thereof) of any change in (i)&nbsp;its legal name, as set forth in its organizational documents,
(ii)&nbsp;its jurisdiction of organization or the form of its organization (including as a result of any merger, amalgamation or consolidation),
(iii)&nbsp;the location of its chief executive office, (iv)&nbsp;the jurisdiction in which it maintains any Inventory, or (v)&nbsp;its
organizational identification number, if any and the Federal Taxpayer Identification Number of such Loan Party, in each case of this subclause
(v), only with respect to any Loan Party organized under the laws of a jurisdiction that requires such information to be set forth on
the face of a UCC financing statement. Each Loan Party agrees not to effect or permit any change referred to in the preceding sentence
unless all filings or registrations have been made under the UCC, the PPSA or other applicable law, as applicable or otherwise that are
required in order for the Administrative Agent to continue at all times following such change to have a valid, legal and perfected security
interest in all the Collateral affected thereby. Each Loan Party also agrees promptly to notify the Administrative Agent if any material
portion of the Collateral is damaged or destroyed.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;5.05&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Existence;
Conduct of Business</U><FONT STYLE="background-color: white">. Each Loan Party will, and will cause each Restricted Subsidiary to, do
or cause to be done all things reasonably necessary to preserve, renew and keep in full force and effect (i)&nbsp;its legal existence
and (ii)&nbsp;the rights, licenses, permits, privileges, franchises, patents, copyrights, trademarks, trade names and other intellectual
property material to the conduct of its business, except, in the case of clause (i)&nbsp;(other than with respect to Borrowers) and clause
(ii), where failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect;
<U>provided</U> that the foregoing shall not prohibit any merger, amalgamation, consolidation, Division, liquidation, dissolution, Disposition
or other transaction permitted under Section&nbsp;6.03 or 6.05.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;5.06&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Payment
of Obligations</U><FONT STYLE="background-color: white">. Each Loan Party will, and will cause each Restricted Subsidiary to, pay or discharge
all its material obligations, including Tax liabilities , before the same shall become delinquent or in default, except where (a)&nbsp;(i)&nbsp;the
validity or amount thereof is being contested in good faith by appropriate proceedings, and (ii)&nbsp;the Company or such Restricted Subsidiary
has set aside on its books reserves with respect thereto to the extent required by GAAP or (b)&nbsp;the failure to make payment would
not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;5.07&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Maintenance
of Properties</U><FONT STYLE="background-color: white">. The Company will, and will cause each Restricted Subsidiary (other than an Immaterial
Subsidiary) to, maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear
excepted, except where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material
Adverse Effect.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;5.08&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Insurance</U><FONT STYLE="background-color: white">.
The Company will, and will cause each Restricted Subsidiary to, maintain, with financially sound and reputable insurance companies having
a financial strength rating of at least A- by A.M.&#8239;Best Company insurance in such amounts (with no greater risk retention) and against
such risks as are customarily maintained by companies of established repute engaged in the same or similar businesses operating in the
same or similar locations. The Company will furnish to the Lenders, upon request of the Administrative Agent, information in reasonable
detail as to the insurance so maintained. Each such policy of liability or casualty insurance maintained by or on behalf of Loan Parties
shall (a)&#8239;in the case of each liability insurance policy (other than workers&rsquo; compensation, director and officer liability
or other policies in which such endorsements are not customary), name the Administrative Agent, as an additional insured thereunder, (b)&#8239;in
the case of each casualty insurance policy, contain a loss payable clause or endorsement that names the Administrative Agent, as a loss
payee thereunder. Notwithstanding the foregoing sentences of this Section&#8239;5.08, the Company and any Subsidiary may self-insure against
such risks and in such amounts as are customary in such Person&rsquo;s industry. Notwithstanding any of the terms contained herein or
in any other Loan Document, except during the continuance of an Event of Default, the Company or any other Loan Party, as applicable,
may adjust, settle and compromise any insurance claim or any proposed condemnation award, and shall collect the net proceeds thereof and
have the right to repair, refurbish, restore, replace or rebuild any asset affected by any casualty event or taking.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;5.09&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Books
and Records; Inspection Rights</U><FONT STYLE="background-color: white">. Each Loan Party will, and will cause each Restricted Subsidiary
to, (a)&#8239;keep proper books of record and account in which full, true and correct (in all material respects) entries in accordance
with GAAP and applicable law are made of all dealings and transactions in relation to its business and activities and (b)&#8239;permit
any representatives designated by the Administrative Agent or any Lender (including employees of the Administrative Agent, any Lender
or any consultants, accountants, lawyers and appraisers retained by the Administrative Agent), upon reasonable prior notice, to visit
and inspect its properties, to examine and make extracts from its books and records and to discuss its affairs, finances and condition
with its officers and, accompanied by one or more such officers or designees of the Company, independent accountants, all at such reasonable
times during normal business hours and as often as reasonably requested (but in no event more than once per Fiscal Year of the Company
unless an Event of Default has occurred and is continuing). The Borrower shall have the right to have a representative present at any
and all inspections (but, for the avoidance of doubt, such presence shall not be required nor shall it be a condition to any such visit
or inspection). Notwithstanding anything herein to the contrary, the right of the Administrative Agent or any Lender to conduct appraisals
or field examinations shall be governed exclusively by Sections 5.12 and 5.13, respectively, and shall not be limited by this Section.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;5.10&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Compliance
with Laws</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Loan Party will, and will cause each Subsidiary to, comply with all laws (including Environmental Laws and all orders of any Governmental
Authority) applicable to it or its property, except where the failure to do so, individually or in the aggregate, would not reasonably
be expected to result in a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Foreign
Pension Plans</U>. The Company shall ensure that neither it nor any of its Subsidiaries is or has been at any time an employer (for the
purposes of Sections 38 to 51 of the United Kingdom&rsquo;s Pensions Act 2004) of an occupational pension scheme which is not a money
purchase scheme (both terms as defined in the United Kingdom&rsquo;s Pension Schemes Act 1993) or &ldquo;connected&rdquo; with or an &ldquo;associate&rdquo;
of (as those terms are used in Sections 38 or 43 of the United Kingdom&rsquo;s Pensions Act 2004) such an employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;5.11&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Use
of Proceeds</U><FONT STYLE="background-color: white">. Each Borrower will cause the Letters of Credit and proceeds of the Loans to be
used only, (a)&#8239;on the Effective Date, (i)&#8239;to finance the Refinancing, (ii)&#8239;to fund original issue discount in connection
with the Transactions and (iii)&#8239;the issuance of Existing Letters of Credit, and (b)&#8239;after the Effective Date, for other general
corporate purposes and working capital needs of the Borrowers (including for Investments and Capital Expenditures) subject to the restrictions
otherwise set forth in this Agreement, including, without limitation, the repurchase of the Company&rsquo;s Equity Interests as and to
the extent permitted by Section&#8239;6.08. No part of the proceeds of any Loan and no Letter of Credit will be used, whether directly
or indirectly, (v)&#8239;for any purpose that entails a violation of any of the Regulations of the <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Federal
Reserve </U></FONT>Board <FONT STYLE="color: red"><STRIKE>of Governors,</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>,</U></FONT>
including Regulations T, U and X, (w)&#8239;for any purpose that entails a violation of applicable legislation governing financial assistance
and/or capital maintenance, as set forth in Section&#8239;5.15, (x)&#8239;in furtherance of an offer, payment, promise to pay, or authorization
of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (y)&#8239;for the
purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned
Country, except to the extent permitted for a Person required to comply with Sanctions, or (z)&#8239;in any manner that would result in
the violation of any Sanctions applicable to any party hereto. The foregoing clauses (y)&#8239;and (z)&#8239;of this Section&#8239;5.11 will
not apply to any party hereto to which the Blocking Regulation applies, if and to the extent that such representations are or would be
unenforceable by or in respect of that party pursuant to, or would otherwise result in a breach and/or violation of, (i)&#8239;any provision
of the Blocking Regulation (or any law or regulation implementing the Blocking Regulation in any member state of the European Union) or
(ii)&#8239;any similar blocking or anti-boycott law in the United Kingdom. The foregoing clauses (y)&#8239;and (z)&#8239;of this Section&#8239;5.11
shall not apply to any German Loan Party to the extent it would violate section 7 of the German Foreign Trade Ordinance (<I>Au&szlig;enwirtschaftsverordnung</I>),
any provision of Council Regulation (EC) 2271/96 or any similar applicable anti-boycott law or regulation binding on that German Loan
Party.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;5.12&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Appraisals</U><FONT STYLE="background-color: white">.
The Loan Parties will provide to the Administrative Agent from time to time upon the Administrative Agent&rsquo;s request, at the sole
expense of the Loan Parties, appraisals (or updates thereof) of the Inventory <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>and
Intellectual Property </U></FONT>of the Loan Parties <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(including, without limitation,
with respect to Intellectual Property, a forced liquidation value analysis) </U></FONT>from appraisers selected and engaged by the Administrative
Agent (and reasonably acceptable to the Loan Parties so long as no Event of Default has occurred and is continuing); <U>provided</U> that
the Administrative Agent shall request only one such <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Inventory appraisal and
one such Intellectual Property </U></FONT>appraisal in any twelve-month period, except that (a)&#8239;at any time when Availability shall
have been less than the greater of (i)&#8239;20% of the Line Cap then in effect and (ii)&#8239;$<FONT STYLE="color: red"><STRIKE>40,000,000</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>36,000,000</U></FONT>,
the Administrative Agent may request a second <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Inventory </U></FONT>appraisal
<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>and/or a second Intellectual Property appraisal </U></FONT>in the then-current
twelve-month period, (b)&#8239;if an Event of Default shall have occurred and be continuing, there shall be no limitation on the number
of appraisals that the Administrative Agent may request and (c)&#8239;if the Company or any Restricted Subsidiary shall have consummated
any Permitted Acquisition, the Administrative Agent may request a separate appraisal of the inventory <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>and/or
intellectual property </U></FONT>acquired thereby to the extent the Loan Parties desire to include such inventory <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>or
intellectual property </U></FONT>in Eligible Finished Goods Inventory <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>or Eligible
Intellectual Property, as applicable</U></FONT>. For purposes of the foregoing, it is understood that a single appraisal may consist of
appraisals of the assets of each Loan Party and may be conducted at multiple sites. Notwithstanding the foregoing, upon reasonable advance
notice to the Company, the Administrative Agent may request appraisals in addition to those authorized by the preceding sentences of this
Section; <U>provided</U> that the Loan Parties will not be responsible for the expense of appraisals conducted pursuant to this sentence.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;5.13&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Field
Examinations</U><FONT STYLE="background-color: white">. At any time that the Administrative Agent requests, the Company and the Restricted
Subsidiaries will allow the Administrative Agent, at the sole expense of the Loan Parties, to conduct, or engage a third party to conduct,
field examinations (or updates thereof) during normal business hours to ensure the adequacy of Collateral included in the Borrowing Base
and related reporting and control systems; <U>provided</U> that the Administrative Agent shall conduct only one such field examination
in any twelve-month period, except that (a)&#8239;at any time when Availability shall have been less than the greater of (i)&#8239;20% of
the Line Cap then in effect and (ii)&#8239;$<FONT STYLE="color: red"><STRIKE>40,000,000</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>36,000,000</U></FONT>,
the Administrative Agent may conduct a second field examination in the then-current twelve-month period, (b)&#8239;if an Event of Default
shall have occurred and be continuing, there shall be no limitation on the number of field examinations that the Administrative Agent
may conduct and (c)&#8239;if the Company or any Restricted Subsidiary shall have consummated any Permitted Acquisition, the Administrative
Agent may conduct a separate field examination of the Collateral acquired thereby to the extent the Loan Parties desire to include such
Collateral in the Borrowing Base. For purposes of the foregoing, it is understood that a single field examination may consist of examinations
of the assets of each Loan Party and may be conducted at multiple sites. Notwithstanding the foregoing, upon reasonable advance notice
to the Company, the Administrative Agent may conduct, or engage a third party to conduct, field examinations in addition to those authorized
by the preceding sentences of this Section; <U>provided</U> that the Loan Parties will not be responsible for the expense of field examinations
conducted pursuant to this sentence.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;5.14&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Depository
Banks</U><FONT STYLE="background-color: white">. Subject to Section&#8239;5.18, the Loan Parties will maintain the Administrative Agent
or one or more Lenders acceptable to the Administrative Agent as their principal depository bank and securities intermediary, including
for the maintenance of operating, administrative, cash management, collection activity, and other Deposit Accounts and Securities Accounts
for the conduct of their business; <U>provided</U> that the Loan Parties shall not be required to satisfy the foregoing requirement with
respect to any Deposit Account (i)&#8239;that is an Excluded Account or (ii)&#8239;with respect to which the applicable Loan Parties have
entered into a Control Agreement in accordance with Sections 5.15 and 5.18, as applicable, in favor of the Administrative Agent.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;5.15&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Further
Assurances</U><FONT STYLE="background-color: white">. The Loan Parties will execute any and all further documents, financing statements,
agreements and instruments, and take all such further actions (including the filing and recording of financing statements, fixture filings,
and other documents) that are required under the Collateral Documents or this Agreement to cause the Collateral and Guarantee Requirement
to be and remain satisfied at all times. The Loan Parties also agree to provide to the Administrative Agent, from time to time upon reasonable
request, evidence reasonably satisfactory to the Administrative Agent as to the perfection and priority of the Liens created or intended
to be created by the Collateral Documents.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;5.16&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Credit
Card Agreements and Notifications</U><FONT STYLE="background-color: white">. Each U.S. Loan Party will (a)&#8239;comply in all material
respects with all its obligations under each Credit Card Agreement to which it is party and (b)&#8239;maintain credit card arrangements
solely with the credit card issuers and credit card processors identified in <U>Schedule 3.18</U>; <U>provided</U>, <U>however</U>, that
the Borrower Representative may amend <U>Schedule 3.18</U> to remove any credit card issuer or credit card processor identified on <U>Schedule
3.18</U> or to add additional credit card issuers and credit card processors, and concurrently with the making of any such amendment the
Loan Party shall provide to the Administrative Agent evidence that a Credit Card Notification shall have been delivered to any credit
card issuer or credit card processor added to <U>Schedule 3.18</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;5.17&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Designation
of Subsidiaries</U><FONT STYLE="background-color: white">. The Company may at any time designate any Restricted Subsidiary of the Company
(other than a Borrower) as an Unrestricted Subsidiary; <U>provided</U> that (i)&#8239;immediately before and after such designation, no
Event of Default shall have occurred and be continuing, (ii)&#8239;on Pro Forma Basis, the Payment Conditions shall be satisfied and (iii)&#8239;no
Subsidiary may be designated as an Unrestricted Subsidiary if it is a &ldquo;Restricted Subsidiary&rdquo; for <FONT STYLE="color: red"><STRIKE>the
purpose of the Term Credit Agreement (or</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>purposes of the</U></FONT>
documentation governing <FONT STYLE="color: red"><STRIKE>other</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>any
Indebtedness permitted pursuant to Section&#8239;6.01(a)(x)&#8239;or any</U></FONT> Permitted Debt <FONT STYLE="color: red"><STRIKE>(as
defined in the Term Credit Agreement)) </STRIKE></FONT>or any Refinancing Indebtedness in respect thereof, as applicable and (iv)&#8239;no
Restricted Subsidiary that owns <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Eligible Intellectual Property or any other
</U></FONT>material intellectual property may be designated as an Unrestricted Subsidiary, and the Company and the Restricted Subsidiaries
may not transfer any <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Eligible Intellectual Property or any other </U></FONT>material
intellectual property to any Unrestricted Subsidiary (with certain ordinary course exceptions). The designation of any Subsidiary as an
Unrestricted Subsidiary after the Effective Date shall constitute a Restricted Payment by the Company therein at the date of designation
in an amount equal to the fair market value of the Company or its Restricted Subsidiaries&rsquo; (as applicable) Investments therein.
Upon the designation of any Guarantor as an Unrestricted Subsidiary in accordance with the foregoing, such Guarantor shall cease to be
a &ldquo;Guarantor&rdquo; under this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;5.18&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Deposit
Accounts</U><FONT STYLE="background-color: white">. Except to the extent that the Administrative Agent shall determine any portion of
this Section&#8239;5.18 shall not be required in its Permitted Discretion:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Subject
to Section&#8239;5.18(c), each Loan Party shall within 90 days (or in the case of Deposit Accounts in Germany and Switzerland, the time
period set forth in the German Security Agreements and Swiss Security Agreements, respectively) (as such period may be extended in Administrative
Agent&rsquo;s sole discretion) after the Effective Date (or, in the case of the French Loan Parties, the French Effective Date) or, if
opened following the Effective Date (or, in the case of the French Loan Parties, the French Effective Date), within 60 days (or in the
case of Deposit Accounts in Germany and Switzerland, the time period set forth in the German Security Agreements and Swiss Security Agreements,
respectively) (as such period may be extended in the Administrative Agent&rsquo;s sole discretion), of the opening of such Deposit Account
(other than an Excluded Account) or the date any Person that owns such Deposit Account becomes a Loan Party hereunder, execute and deliver,
and cause each relevant depository institution to execute and deliver, to the Administrative Agent a Control Agreement or other control
arrangement satisfactory to the Administrative Agent for each Deposit Account (other than any Excluded Account) of such Loan Party maintained
on the Effective Date to ensure that each such Deposit Account is a Concentration Account.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Subject
to Section&#8239;5.18(c), each Loan Party shall direct all of its Account Debtors to forward payments (other than payments made at the
time merchandise is purchased directly at retail stores of such Loan Parties) directly to a Concentration Account; <U>provided</U> that
such Loan Parties shall not be required to comply with the foregoing until the 90th day (as such date may be extended in Administrative
Agent&rsquo;s sole discretion) after the Effective Date. If any Loan Party should refuse or neglect to notify any Account Debtor to forward
payments directly to a Concentration Account after notice from the Administrative Agent, the Administrative Agent shall be entitled to
make such notification directly to Account Debtor. If notwithstanding the foregoing instructions, any Loan Party receives any proceeds
of any Accounts (other than payments made by retail customers directly to retail stores of such Loan Parties), such Loan Party shall receive
such payments as the Administrative Agent&rsquo;s trustee, and shall immediately deposit all cash, checks or other similar payments related
to or constituting payments made in respect of receivables received by it to a Concentration Account.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Within
30 days after the Collection Account Trigger Date <FONT STYLE="color: red"><STRIKE>&ldquo;</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(</U></FONT>or,
with respect to the Collection Account Trigger Date that occurred on March&#8239;25, 2020, within 60 days, or, in each case, as such period
may be extended in the Administrative Agent&rsquo;s sole discretion):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;each
Loan Party will ensure that all proceeds of their Accounts are deposited (whether directly or indirectly) into Collection Accounts; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;(A)&#8239;each
relevant Borrower will execute and deliver to the Administrative Agent any additional UK Security Agreements and security releases (each
in form satisfactory to the Administrative Agent) as required by the Administrative Agent in its sole discretion to create a fixed charge
over its Collection Accounts held in England and Wales and (B)&#8239;each relevant Borrower will execute and deliver to the Administrative
Agent any additional Hong Kong Security Agreements and security releases (each in form satisfactory to the Administrative Agent) as required
by the Administrative Agent in its sole discretion to create a fixed charge over its Collection Accounts held in Hong Kong;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><U>provided</U>, that after the occurrence of a Collection
Account Trigger Date, the Loan Parties shall be entitled to open Deposit Accounts that are subject to Control Agreements or other control
arrangements satisfactory to the Administrative Agent with respect to which such Loan Parties shall be entitled to control disbursements
provided that no proceeds of Accounts are paid to such Deposit Accounts.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;5.19&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Dominion
Period</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;During
the Dominion Period, the Administrative Agent shall instruct each applicable account bank to have all amounts on deposit in each Concentration
Account to be swept on each business day into a Primary Concentration Account or into any other account designated by the Administrative
Agent and otherwise exercise exclusive control with respect to each such Concentration Account and the Loan Parties shall not have any
access to such Concentration Accounts or provide any instructions to any account bank with respect to any such Concentration Account.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>French,
Hong Kong and European Bank Accounts</U>. At any time at the request of the Administrative Agent in its sole discretion following the
commencement of a Dominion Period, the European Loan Parties, French Loan Parties and Hong Kong Loan Parties shall (a)&#8239;at the discretion
of the Administrative Agent, either (i)&#8239;immediately cause all of their Collection Accounts (each an &ldquo;<U>Existing Collection
Account</U>&rdquo;) to be transferred to the name of the Administrative Agent or (ii)&#8239;promptly open new Collection Accounts with
(and, at the discretion of the Administrative Agent, in the name of) the Administrative Agent or an Affiliate of the Administrative Agent
(such new bank accounts being Collection Accounts under and for the purposes of this Agreement), and (b)&#8239;if new Collection Accounts
have been established pursuant to this Section&#8239;(each a &ldquo;<U>New Collection Account</U>&rdquo;) ensure that the proceeds of all
Accounts owing to them will immediately be re-directed to the New Collections Account. Until all such proceeds have been redirected to
the New Collection Accounts, each European Loan Party, French Loan Party and Hong Kong Loan Party shall cause all amounts on deposit in
any Existing Collection Account to be transferred to a New Collection Account at the end of each Business Day, provided that if any such
Loan Party does not instruct such re-direction or transfer, each of them hereby authorizes the Administrative Agent to give such instructions
on their behalf to the applicable Account Debtors and/or the account bank holding such Existing Collection Account (as applicable).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;5.20&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Notification
of Account Debtors of the European Loan Parties, French Loan Parties and Hong Kong Loan Parties<FONT STYLE="background-color: white">.</FONT></U><FONT STYLE="background-color: white">
At any time at the request of the Administrative Agent in its sole discretion following the Commencement of a Dominion Period, each European
Loan Party, French Loan Party and Hong Kong Loan Party agrees that if any of its Account Debtors have not previously received notice of
the security interest of the Administrative Agent over the Accounts, it shall promptly give notice to such Account Debtors and if any
such Loan Party does not serve such notice, each of them hereby authorizes the Administrative Agent to serve such notice on their behalf.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;5.21&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Financial
Assistance</U><FONT STYLE="background-color: white">. Each European Loan Party, French Loan Party and Hong Kong Loan Party shall comply
in all respects with applicable legislation governing financial assistance and/or capital maintenance, including Sections 678 and 679
of the United Kingdom&rsquo;s Companies Act 2006 and Sections 274 to 285 of the Hong Kong Companies Ordinance (Chapter 622 of the Laws
of Hong Kong), and any equivalent and applicable provisions under the laws of the jurisdiction of organization of each such Loan Party,
including in relation to the execution of the Collateral Documents of each such Loan Party and payment of amounts due under this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;5.22&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>European
Collateral, French Collateral and Hong Kong Collateral</U><FONT STYLE="background-color: white">. Each European Loan Party, French Loan
Party and Hong Kong Loan Party shall ensure that (i)&#8239;its standard terms and conditions of purchase at all times contain a condition
to the effect that title to the purchased goods transfers to the relevant Loan Party at a time no later than on delivery of the purchased
goods to such Loan Party, (ii)&#8239;its standard terms and conditions of purchase are not amended in a manner that is material and adverse
to the Lenders, and (iii)&#8239;if the reference on any purchase order or equivalent document is to the standard terms and conditions of
purchase as set out on a specified website, the relevant website must be maintained, up to date and publicly accessible at all times.&#8239;
During any Dominion Period or at any other time at which the Administrative Agent considers that the Collateral of any European Loan Party,
French Loan Party of Hong Kong Loan Party may be at risk, at the request of the Administrative Agent, the specified Loan Party must send
a copy of its standard terms and conditions of purchase (or other notice satisfactory to the Administrative Agent which rejects retention
of title and/or extendible retention of title provisions in relation to that Loan Party&rsquo;s Inventory) to its suppliers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;5.23&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Centre
of Main Interests and Establishments<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue; background-color: white">.</FONT></U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="color: red; background-color: white"><STRIKE>.
</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(a)</U></FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
<FONT STYLE="color: red; background-color: white"><STRIKE>European Loan Party and </STRIKE></FONT>French Loan Party <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>and
German Loan Party </U></FONT>shall ensure that its centre of main interests (as that term is used in Article&#8239;3(1)&#8239;of the Regulation)
remains in its jurisdiction of incorporation and it shall not take any action to change its centre of main interests. No <FONT STYLE="color: red; background-color: white"><STRIKE>European
Loan Party or </STRIKE></FONT>French Loan Party <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>or German Loan Party </U></FONT>shall
create or take any steps to create an &ldquo;establishment&rdquo; (as that term is used in Article&#8239;2(10)&#8239;of the Regulation)
in any other jurisdiction <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(or any equivalent provision(s)&#8239;of any application
successor to the Regulation which may apply from time to time)</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(b)</U></FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Each
UK Loan Party shall ensure that its centre of main interests (as that term is used in Article&#8239;3(1)&#8239;of the Retained Regulation)
remains in its jurisdiction of incorporation and it shall not take any action to change its centre of main interests. No UK Loan Party
shall create or take any steps to create an &ldquo;establishment&rdquo; (as that term is used in Article&#8239;2(10)&#8239;of the Regulation)
in any other jurisdiction (or any equivalent provision(s)&#8239;of any applicable successor to the Retained Regulation or Regulation, respectively,
which may apply from time to time).</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;5.24&#9;&#8239;&#8239;&#8239;&#8239;&#8239;[<U>Reserved</U>].</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;5.25&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Post-Closing
Requirements</U><FONT STYLE="background-color: white">. The Loan Parties shall deliver, when and as required by the terms of <U>Schedule
5.25</U>, the items referenced therein.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;5.26&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Compliance
with the Swiss Non-Bank Rules</U><FONT STYLE="background-color: white">. Each Swiss Borrower (and each Swiss Subsidiary) shall ensure
that it is at all times throughout the duration of the Agreement in full compliance with the Swiss Non-Bank Rules. For the purposes of
compliance with the Swiss Non-Bank Rules, it is assumed that the number of Lenders in respect of the European Facility which are Non-Qualifying
Banks is ten. A Swiss Borrower shall not be in breach of this representation if Swiss Withholding Tax is triggered as a result of a Lender&rsquo;s
failure to comply with Sections 9.04(b)(iii)&#8239;or 9.04(c)&#8239;or resulting from an incorrect Lender status confirmation under Section&#8239;2.17(i)&#8239;or
having lost the status as Swiss Qualifying Bank.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>ARTICLE&#8239;VI</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Negative Covenants</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Until the Commitments have expired or terminated and the principal
of and interest on each Loan and all fees, expenses and other amounts payable under any Loan Document (other than Banking Services Obligations
and contingent or indemnity obligations for which no claim has been made) have been paid in full and all Letters of Credit have expired
or terminated and all LC Disbursements shall have been reimbursed, the Loan Parties severally covenant and agree with the Lenders that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;6.01&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Indebtedness;
Certain Equity Securities</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Loan Parties will not, and will not permit any Restricted Subsidiary to, create, incur, assume or permit to exist any Indebtedness, except:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Indebtedness
created under the Loan Documents;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Indebtedness
existing on the Effective Date and set forth in <U>Schedule 6.01</U> and Refinancing Indebtedness in respect thereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Indebtedness
of the Company to any Restricted Subsidiary and of any Restricted Subsidiary to the Company or any other Restricted Subsidiary; <U>provided</U>
that (A)&#8239;such Indebtedness shall not have been transferred to any Person other than the Company or any Restricted Subsidiary, (B)&#8239;any
such Indebtedness owing by (x)&#8239;a Loan Party to a Restricted Subsidiary that is not a Loan Party and (y)&#8239;any Foreign Loan Party
to a U.S. Loan Party shall, in each case be unsecured and subordinated in right of payment to the applicable Secured Obligations pursuant
to the Intercompany Subordination Agreement and (C)&#8239;any such Indebtedness shall be incurred in compliance with Section&#8239;6.04;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Guarantees
incurred in compliance with Section&#8239;6.04;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Indebtedness
of the Company or any Restricted Subsidiary (A)&#8239;incurred to finance the acquisition, construction or improvement of any fixed or
capital assets, including Capital Lease Obligations and Synthetic Lease Obligations, <U>provided</U> that such Indebtedness is incurred
prior to or within 180 days after such acquisition or the completion of such construction or improvement and the principal amount of such
Indebtedness does not exceed the cost of acquiring, constructing or improving such fixed or capital assets or (B)&#8239;assumed in connection
with the acquisition of any fixed or capital assets, and Refinancing Indebtedness in respect of any of the foregoing; <U>provided</U>
that the aggregate principal amount of Indebtedness permitted by this clause (v)&#8239;shall not exceed $40,000,000 at any time outstanding;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Indebtedness
in respect of netting services, overdraft protections and otherwise in connection with deposit and checking accounts, in each case, in
the ordinary course of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(vii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Indebtedness
in respect of letters of credit, bank guarantees and similar instruments issued for the account of the Company or any Restricted Subsidiary
in the ordinary course of business supporting obligations under workers&rsquo; compensation, unemployment insurance and other social security
laws;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(viii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Indebtedness
of the Company or any Restricted Subsidiary in the form of bona fide purchase price adjustments or earn-outs incurred in connection with
any Permitted Acquisition or other Investment permitted by Section&#8239;6.04;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ix)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;[reserved];</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(x)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>other
</U></FONT>Indebtedness <FONT STYLE="color: red"><STRIKE>under the Term Credit Agreement </STRIKE></FONT>in an aggregate principal amount
not to exceed, at any time outstanding, $200,000,000; <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>provided that any outstanding
2026 Notes shall be deemed to have been incurred under this clause (x);</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(xi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Indebtedness
of Loan Parties in respect of surety bonds (whether bid performance or otherwise) and performance and completion guarantees and other
obligations of a like nature, in each case incurred in the ordinary course of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(xii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;So
long as no Default or Event of Default has occurred and is continuing or would result after giving effect to the incurrence of such Indebtedness,
(A)&#8239;Permitted Debt; <U>provided</U> that, after giving effect to the incurrence of such Indebtedness and any related transaction
on a Pro Forma Basis, the Total Leverage Ratio shall not exceed 1.00 to 1.00 (in each case calculated as of the last day of the Fiscal
Quarter of the Company then most recently ended for which financial statements have been delivered pursuant to Section&#8239;5.01(a)&#8239;or
5.01(b)) and (B)&#8239;Refinancing Indebtedness in respect of Indebtedness incurred pursuant to clause (A)&#8239;above;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(xiii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Indebtedness
incurred under leases of real property in respect of tenant improvements;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(xiv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;(A)&#8239;Indebtedness
of the Company or any Restricted Subsidiary assumed in connection with any Permitted Acquisition so long as (i)&#8239;such Indebtedness
is not incurred in contemplation of such Permitted Acquisition and (ii)&#8239;after giving effect to the assumption of such Indebtedness
and any related transaction on a Pro Forma Basis, the Total Leverage Ratio shall not exceed 1.50 to 1.00 and (B)&#8239;any Refinancing
Indebtedness in respect thereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(xv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Indebtedness
of Foreign Subsidiaries (other than Foreign Loan Parties) in an amount not to exceed $10,000,000 at any one time outstanding;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(xvi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;other
Indebtedness in an aggregate principal amount not to exceed $25,000,000 at any time outstanding;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(xvii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Indebtedness
consisting of (a)&#8239;the financing of insurance premiums and (b)&#8239;take-or-pay obligations contained in supply arrangements, in each
case, in the ordinary course of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(xviii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;obligations
under any agreement governing the provision of treasury or cash management services, including deposit accounts, overnight draft, credit
cards, debit cards, p-cards (including purchasing cards and commercial cards), funds transfer, automated clearinghouse, zero balance accounts,
returned check concentration, controlled disbursement, lockbox, account reconciliation and reporting <FONT STYLE="color: red"><STRIKE>and</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>,</U></FONT>
trade <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>finance services, supply chain </U></FONT>finance services and other
cash management services;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(xix)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Indebtedness
in the form of Swap Agreements permitted under Section&#8239;6.07; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(xx)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Indebtedness
consisting of promissory notes issued to current or former officers, directors and employees (or their respective family members, estates
or trusts or other entities for the benefit of any of the foregoing) of the Company or its Restricted Subsidiaries to purchase or redeem
capital stock or options of the Company permitted pursuant to Section&#8239;6.08(a)(vi); <U>provided</U> that the aggregate principal amount
of all such Indebtedness shall not exceed $2,000,000 at any time outstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Company will not, and will not permit any Restricted Subsidiary to, issue any Disqualified Stock, other than, in the case of the Restricted
Subsidiaries, to the Company or a Restricted Subsidiary; <U>provided</U> that any issuance of Equity Interests of any Restricted Subsidiary
that is not a Loan Party to any Loan Party shall be subject to Section&#8239;6.04.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;6.02&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Liens</U><FONT STYLE="background-color: white">.
The Loan Parties will not, and will not permit any Restricted Subsidiary to, create, incur, assume or permit to exist any Lien on any
asset now owned or hereafter acquired, or assign or sell any income or revenues (including accounts receivable) or rights in respect of
any thereof, except (Liens described below are herein referred to as &ldquo;<U>Permitted Liens</U>&rdquo;):</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Liens
created under the Loan Documents or otherwise in favor of the Administrative Agent;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Permitted
Encumbrances;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
Lien on any asset of the Company or any Restricted Subsidiary existing on the Effective Date and set forth in <U>Schedule 6.02</U>; <U>provided</U>
that (i)&#8239;such Lien shall not apply to any other asset of the Company or any Restricted Subsidiary and (ii)&#8239;such Lien shall secure
only those obligations that it secures on the Effective Date and any extensions, renewals and refinancings thereof that do not increase
the outstanding principal amount thereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
Lien existing on any asset prior to the acquisition thereof by the Company or any Restricted Subsidiary or existing on any asset of any
Person that becomes (including pursuant to a Permitted Acquisition) a Restricted Subsidiary (or of any Person not previously a Restricted
Subsidiary that is merged, amalgamated or consolidated with or into a Restricted Subsidiary in a transaction permitted hereunder) after
the Effective Date prior to the time such Person becomes a Restricted Subsidiary (or is so merged, amalgamated or consolidated); <U>provided</U>
that (i)&#8239;such Lien is not created in contemplation of or in connection with such acquisition or such Person becoming a Restricted
Subsidiary (or such merger, amalgamation or consolidation), (ii)&#8239;such Lien shall not apply to any other assets of the Company or
any Restricted Subsidiary (other than, in the case of any such merger, amalgamation or consolidation, the assets of any special purpose
merger Restricted Subsidiary that is a party thereto) and (iii)&#8239;such Lien shall secure only those obligations that it secures on
the date of such acquisition or the date such Person becomes a Restricted Subsidiary (or is so merged, amalgamated or consolidated) and
any extensions, renewals and refinancings thereof that do not increase the outstanding principal amount thereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Liens
on fixed or capital assets acquired, constructed or improved by the Company or any Restricted Subsidiary; <U>provided</U> that (i)&#8239;such
Liens secure only Indebtedness permitted by Section&#8239;6.01(a)(v)&#8239;and obligations relating thereto not constituting Indebtedness
and (ii)&#8239;such Liens shall not apply to any other asset of the Company or any Restricted Subsidiary (other than the proceeds and products
thereof); <U>provided</U>, <U>further</U>, that in the event purchase money obligations are owed to any Person with respect to financing
of more than one purchase of any fixed or capital assets, such Liens may secure all such purchase money obligations and may apply to all
such fixed or capital assets financed by such Person;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;in
connection with the sale or transfer of any Equity Interests or other assets in a transaction permitted under Section&#8239;6.05, customary
rights and restrictions contained in agreements relating to such sale or transfer pending the completion thereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;in
the case of (i)&#8239;any Restricted Subsidiary that is not a wholly-owned Restricted Subsidiary or (ii)&#8239;the Equity Interests in any
Person that is not a Restricted Subsidiary, any encumbrance or restriction, including any options, put and call arrangements, rights of
first refusal and similar rights related to Equity Interests in such Restricted Subsidiary or such other Person set forth in the organizational
documents of such Restricted Subsidiary or such other Person or any related joint venture, shareholders&rsquo; or similar agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Liens
solely on any cash earnest money deposits, escrow arrangements or similar arrangements made by the Company or any Restricted Subsidiary
in connection with any letter of intent or purchase agreement for a Permitted Acquisition or other transaction permitted hereunder;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Liens
securing (i)&#8239;Indebtedness permitted by Section&#8239;6.01(a)(x), (ii)&#8239;obligations relating thereto not constituting Indebtedness
and (iii)&#8239;Swap Obligations secured on a <I>pari passu</I> basis with the Indebtedness referred to in the foregoing clause (i); <U>provided</U>
that any such Liens <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(x)&#8239;may be secured by any Term Priority Collateral
on a senior lien basis to the Liens securing the Secured Obligations, (y)&#8239;may be secured by any ABL Priority Collateral solely on
a junior lien basis to the Liens securing the Secured Obligations and (z)&#8239;</U></FONT>are subject to the Intercreditor Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(j)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
Lien on assets of any Foreign Subsidiary (other than a Foreign Loan Party) securing Indebtedness of such Foreign Subsidiary (other than
a Foreign Loan Party) permitted by Section&#8239;6.01 and obligations relating thereto not constituting Indebtedness;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(k)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;other
Liens securing Indebtedness or other obligations in an aggregate principal amount not to exceed $25,000,000 at any time outstanding; <U>provided</U>
that to the extent any such Liens secure assets of the type included in the Borrowing Base, such Liens shall be junior to the Liens securing
the Secured Obligations;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(l)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Liens
securing Permitted Debt; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(m)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Liens
in respect of Prior Claims that are unregistered and secure amounts that are not yet due and payable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;6.03&#9;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Fundamental
Changes; Business Activities</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Company will not, and will not permit any Restricted Subsidiary to, merge into, amalgamate with or consolidate with any other Person,
or permit any other Person to merge into, amalgamate with or consolidate with it, consummate a Division as the Dividing Person or liquidate
or dissolve, except that, if at the time thereof and immediately after giving effect thereto no Default shall have occurred and be continuing
(i)&#8239;any Restricted Subsidiary that is a Domestic Subsidiary may merge into or amalgamate with the Company in a transaction in which
the Company is the surviving corporation, (ii)&#8239;any Person (other than the Company) may merge into, amalgamate with or consolidate
with any Restricted Subsidiary in a transaction in which the surviving entity is a Restricted Subsidiary and, if any party to such merger,
amalgamation or consolidation is a Loan Party, a Loan Party (and, if any party to such merger, amalgamation or consolidation is a Borrower,
the surviving entity shall be such Borrower), (iii)&#8239;any Restricted Subsidiary may merge into, amalgamate with or consolidate with
any Person (other than the Company) in a transaction permitted under Section&#8239;6.05 in which, after giving effect to such transaction,
the surviving entity is not a Restricted Subsidiary, (iv)&#8239;without restricting any transactions permitted by the other clauses in
this Section&#8239;6.03(a), any Restricted Subsidiary (other than a Borrower) may liquidate or dissolve, and any Restricted Subsidiary
that is not a Loan Party may be merged or consolidated with any other Restricted Subsidiary that is not a Loan Party, if the Company determines
in good faith that such liquidation or dissolution or other transaction is in the best interests of the Company and is not materially
disadvantageous to the Lenders; <U>provided</U> that any such merger, amalgamation or consolidation involving a Person that is not a wholly
owned Restricted Subsidiary immediately prior to such merger, amalgamation or consolidation shall not be permitted unless it is also permitted
by Section&#8239;6.04, (v)&#8239;any Restricted Subsidiary that is an LLC may consummate a Division as the Dividing Person if, (x)&#8239;immediately
upon the consummation of the Division, (1)&#8239;the assets of the applicable Dividing Person are held by one or more Restricted Subsidiaries
at such time, or (2)&#8239;with respect to assets not so held by one or more Restricted Subsidiaries, such Division, in the aggregate,
would otherwise result in a Disposition permitted by Section&#8239;6.05 and (y)&#8239;all Division Successors referred to in clause (x)(1),
to the extent not already a Loan Party, shall comply with the requirements of Section&#8239;5.03 to the extent any such Division Successor
is a Designated Subsidiary; <U>provided</U> that any such merger or Division involving a Person that is not a wholly owned Subsidiary
immediately prior to such merger or Division shall not be permitted unless also permitted by Section&#8239;6.04, and (vi)&#8239;the Permitted
Transaction may be consummated. In the event of the liquidation or dissolution of any Loan Party or the merger, amalgamation or consolidation
of two or more Persons that are not each organized in the same jurisdiction of formation, the Borrower Representative shall (contemporaneously
with such liquidation, dissolution, merger, amalgamation or consolidation) deliver an updated Borrowing Base Certificate to the Administrative
Agent showing the Borrowing Base in effect after giving effect to such liquidation, dissolution, merger, amalgamation or consolidation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Company will not, and will not permit any of its Restricted Subsidiaries to, engage to any material extent in any business other than
businesses of the type conducted by the Company and the Restricted Subsidiaries on the Effective Date and businesses reasonably related
or complementary thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;6.04&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Investments,
Loans, Advances, Guarantees and Acquisitions</U><FONT STYLE="background-color: white">. The Company will not, and will not permit any
Restricted Subsidiary to, purchase, hold, acquire (including pursuant to any merger, amalgamation or consolidation or as a Division Successor
pursuant to the Division of, any Person that was not a wholly owned Restricted Subsidiary prior to such merger, amalgamation, consolidation
or Division), make or otherwise permit to exist any Investment in any other Person, or purchase or otherwise acquire (in one transaction
or a series of transactions) all or substantially all the assets of any other Person or of a business unit, division, product line or
line of business of any other Person, except:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Investments
in cash and Cash Equivalents;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Investments
existing on the Effective Date and set forth in <U>Schedule 6.04</U> (but not any additions thereto (including any capital contributions)
made after the Effective Date);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Investments
by the Company and the Restricted Subsidiaries in their respective Restricted Subsidiaries; <U>provided</U> that (i)&#8239;such Restricted
Subsidiaries are Restricted Subsidiaries prior to, or have been newly formed with the initial Investment therein being, such Investments
and (ii)&#8239;the aggregate amount of such Investments by (x)&#8239;the Loan Parties in, and loans and advances by the Loan Parties to,
and Guarantees by the Loan Parties of Indebtedness and other obligations of, Restricted Subsidiaries that are not Loan Parties and (y)&#8239;the
U.S. Loan Parties in, and loans and advances by the U.S. Loan Parties to, and Guarantees by the U.S. Loan Parties of Indebtedness and
other obligations of Foreign Loan Parties (excluding all such Investments, loans, advances and Guarantees existing on the Effective Date
and permitted by clause (b)&#8239;above) together with Investments, loans, advances and Guarantees pursuant to clauses (d)&#8239;and (e)&#8239;below,
shall not exceed $10,000,000 at any time outstanding;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;loans
or advances made by the Company to any Restricted Subsidiary or made by any Restricted Subsidiary to the Company or any other Restricted
Subsidiary; <U>provided</U> that (i)&#8239;the Indebtedness resulting therefrom is permitted by Section&#8239;6.01(a)(iii)&#8239;and (ii)&#8239;the
amount of such loans and advances made (x)&#8239;by the Loan Parties to Restricted Subsidiaries that are not Loan Parties and (y)&#8239;by
U.S. Loan Parties to Foreign Loan Parties shall be subject to the limitation set forth in clause (c)&#8239;above;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Guarantees
by the Company or any Restricted Subsidiary of (i)&#8239;the <FONT STYLE="color: red"><STRIKE>Obligations and the Term Loan </STRIKE></FONT>Obligations
and (ii)&#8239;Indebtedness or other obligations of the Company or any Restricted Subsidiary other than as specified in the foregoing clause
(i)&#8239;including any such Guarantees arising as a result of any such Person being a joint and several co-applicant with respect to any
letter of credit or letter of guaranty; <U>provided</U> that, with respect to the foregoing clause (ii)&#8239;the aggregate amount of Indebtedness
and other obligations of (x)&#8239;Restricted Subsidiaries that are not Loan Parties that is Guaranteed by any Loan Party and (y)&#8239;Foreign
Loan Parties that is Guaranteed by any U.S. Loan Party shall be subject to the limitation set forth in clause (c)&#8239;above;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Investments
(other than acquisitions) not otherwise permitted by this Section&#8239;6.04 so long as the Payment Conditions are satisfied after giving
effect to each such Investment;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Investments
received in connection with the bankruptcy or reorganization of, or settlement of delinquent accounts and disputes with, customers and
suppliers, in each case in the ordinary course of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
Permitted Acquisition after giving effect to such acquisition;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;extensions
of trade credit, deposits, prepayments and other credits to vendors, suppliers, lessors, processors, materialmen, carriers, warehousemen,
mechanics and landlords made in the ordinary course of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(j)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;advances
by the Company or any Restricted Subsidiary to employees in the ordinary course of business consistent with past practices for travel
and entertainment expenses, relocation costs and similar purposes in an aggregate amount not to exceed $1,000,000;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(k)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Investments
made as a result of receipt of non-cash consideration from a sale, transfer or other disposition of assets permitted under Section&#8239;6.05;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(l)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Investments
in the form of Swap Agreements permitted under Section&#8239;6.07;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(m)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;investments
constituting deposits described in clauses (c)&#8239;and (d)&#8239;of the definition of &ldquo;Permitted Encumbrances&rdquo; and endorsements
of instruments for collection or deposit in the ordinary course of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(n)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Investments
by the Company or any of its Subsidiaries in the form of Unfinanced Capital Expenditures;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(o)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;deposits
made in the ordinary course of business to secure the performance of leases or other obligations as permitted by Section&#8239;6.02;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(p)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;purchases
of assets in the ordinary course of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(q)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
deposit of funds or evidences of Indebtedness in trust for the purpose of defeasing or discharging Indebtedness issued pursuant to an
indenture, but only if such defeasing or discharging of Indebtedness is not prohibited under this Agreement; <U>provided</U> that such
Investment covers proceeds in an aggregate amount necessary solely to defease or discharge the principal, interest, premium, if any, and
if required by the terms of the relevant indenture, fees, costs and expenses due in connection with the defeasance of such Indebtedness;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(r)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;[reserved];</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(s)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Investments
by the Company in Fossil Canada; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(t)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;other
Investments or acquisitions in an aggregate amount not to exceed $10,000,000 at any time outstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Unless otherwise specified, for purposes of determining
the amount of any Investment outstanding for purposes of this Section&#8239;6.04, such amount shall be deemed to be the amount of such
Investment when made, purchased or acquired less any amount realized in respect of such Investment upon the sale, collection or return
of capital (not to exceed the original amount invested).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;6.05&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Asset
Sales</U><FONT STYLE="background-color: white">. The Loan Parties will not, and will not permit any Restricted Subsidiary to, sell, transfer,
lease or otherwise dispose of any asset (in one transaction or in a series of transactions and whether effected pursuant to a Division
or otherwise), including any Equity Interest owned by it, nor will the Company permit any Restricted Subsidiary to issue any additional
Equity Interests in such Restricted Subsidiary (other than to the Company or any other Restricted Subsidiary in compliance with Section&#8239;6.04,
and other than directors&rsquo; qualifying shares and other nominal amounts of Equity Interests that are required to be held by other
Persons under applicable law), except:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;(i)&#8239;sales
or other dispositions of inventory, (ii)&#8239;sales, transfers and other dispositions of used, surplus, obsolete or outmoded machinery
or equipment and (iii)&#8239;dispositions of cash and Cash Equivalents, in each case (other than in the case of clause (iii)) in the ordinary
course of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;sales,
transfers, leases and other dispositions to the Company or any Restricted Subsidiary; <U>provided</U> that any such sales, transfers,
leases or other dispositions involving (x)&#8239;a Loan Party and a Restricted Subsidiary that is not a Loan Party or (y)&#8239;a U.S. Loan
Party and a Foreign Loan Party shall be made in compliance with Sections 6.04 and 6.09 (other than clause (f)&#8239;thereof);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
sale or discount of accounts receivable arising in the ordinary course of business, but only in connection with the compromise or collection
thereof and not in connection with any financing transaction;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;dispositions
of assets subject to any casualty or condemnation proceeding (including in lieu thereof);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;leases,
subleases, licenses or sublicenses of real or personal property granted by the Company or any Restricted Subsidiary to third Persons not
interfering in any material respect with the business of the Company or any Restricted Subsidiary;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
sale, transfer or other disposition, or, in the case of clause (ii), abandonment, of patents, trademarks, copyrights and other intellectual
property and data (i)&#8239;in the ordinary course of business, including pursuant to non-exclusive licenses or sublicenses of intellectual
property; <U>provided</U> that no such sale, transfer or other disposition shall adversely affect in any material respect the fair value
of any <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>retained </U></FONT>Eligible Finished Goods Inventory or <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Eligible
Intellectual Property or </U></FONT>the ability of the Administrative Agent to dispose of or otherwise realize upon any <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>retained
</U></FONT>Eligible Finished Goods Inventory <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>or Eligible Intellectual Property</U></FONT>,
or (ii)&#8239;which are not material to the conduct of business of the Company and its Subsidiaries;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Sale/Leaseback
Transactions permitted by Section&#8239;6.06;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
sale, transfer or other disposition of assets that are not permitted by any other clause of this Section; <U>provided</U> that the aggregate
fair market value of all assets sold, transferred or otherwise disposed of in reliance on this clause (h)&#8239;during any Fiscal Year
of the Company shall not exceed $25,000,000, measured as of the last day of the immediately preceding year;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
disposition of any Swap Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(j)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;dispositions
of property of Foreign Subsidiaries located outside of the United States (and not moved outside of the United States in anticipation of
such disposition), including in connection with sale/leaseback transactions, having an aggregate fair market value (on or after the Effective
Date) not to exceed $10,000,000 during the term of this Agreement; <U>provided</U> that such property is not Collateral;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(k)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;dispositions
in the ordinary course of business of tangible property as a part of a like kind exchange under Section&#8239;1031 of the Code; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(l)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Restricted
Payments permitted by Section&#8239;6.08(a);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>provided</U> that, if any assets included in any Borrowing Base
are disposed of in any transaction or series of related transactions that causes Availability to decrease by more than $20,000,000, the
Borrower Representative shall deliver an updated Borrowing Base Certificate to the Administrative Agent excluding such disposed assets
from the applicable Borrowing Base(s); <U>provided</U>, <U>furthe</U>r, that all sales, transfers, leases and other dispositions permitted
hereby (other than those permitted by clause (a)(ii), (a)(iii), (b)&#8239;or (d)&#8239;above) shall be made for fair value and, in the case
of sales, transfers, leases and other dispositions permitted by clauses (c), (f)(ii), (g)&#8239;or (h)&#8239;above, for at least 75% (or,
in the case of a sale, transfer, lease or other disposition of assets in an aggregate amount in excess of $5,000,000 included in any Borrowing
Base, 100%) cash consideration; <U>provided</U>, <U>further</U>, that for purposes of the foregoing, the amount of (i)&#8239;any liabilities
(as shown on the Company&rsquo;s most recent balance sheet or in the notes thereto) of the Company or any Restricted Subsidiary (other
than liabilities that are by their terms subordinated to the Secured Obligations) that are assumed by the transferee of any such assets
and from which the Company and all Restricted Subsidiaries have been validly released by all creditors in writing, (ii)&#8239;any securities
received by the Company or such Restricted Subsidiary from such transferee that are converted by the Company or such Restricted Subsidiary
into cash (to the extent of the cash received) within 90 days following the closing of such asset sale, and (iii)&#8239;except in the case
of the sale of assets included in any Borrowing Base, any Designated Noncash Consideration received by the Company or any of its Restricted
Subsidiaries in such asset sale having an aggregate fair market value, taken together with all other Designated Noncash Consideration
received pursuant to this clause (iii)&#8239;that is at that time outstanding, not to exceed $10,000,000, shall be deemed to be cash for
purposes of this paragraph and for no other purpose.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;6.06&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Sale/Leaseback
Transactions</U><FONT STYLE="background-color: white">. The Loan Parties will not, and will not permit any Restricted Subsidiary to, enter
into any Sale/Leaseback Transaction, except for any such sale of any fixed or capital assets that is made for cash consideration in an
amount not less than the cost of such fixed or capital asset up to $50,000,000 in the aggregate; <U>provided</U> that, with respect to
any property to be sold, transferred or leased pursuant to a Sale/Leaseback Transaction, that is a property where Collateral is stored
or located, or will be stored or located after giving effect to such transaction, then, concurrent with the consummation of such transaction,
subject to and in accordance with the applicable Security Agreement, a Collateral Access Agreement shall be entered into between the Administrative
Agent and each applicable third party that will be in possession of Collateral after giving effect to such Sale/Leaseback Transaction.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;6.07&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Swap
Agreements</U><FONT STYLE="background-color: white">. The Loan Parties will not, and will not permit any Restricted Subsidiary to, enter
into any Swap Agreement, other than Swap Agreements entered into in the ordinary course of business to hedge or mitigate risks to which
a Loan Party or a Restricted Subsidiary is exposed in the conduct of its business or the management of its liabilities and not for speculative
purposes.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;6.08&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Restricted
Payments; Certain Payments of Indebtedness</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Loan Parties will not, and will not permit any Restricted Subsidiary to, declare or make, or agree to pay or make, directly or indirectly,
any Restricted Payment, or incur any obligation (contingent or otherwise) to do so, except that (i)&#8239;the Company may declare and pay
dividends with respect to its Equity Interests payable solely in additional Equity Interests (other than Disqualified Stock) or convert
its Equity Interests into, or otherwise acquire its Equity Interest solely in exchange for, other Equity Interests (other than Disqualified
Stock), (ii)&#8239;any Restricted Subsidiary may declare and pay dividends or make other distributions with respect to its capital stock,
partnership or membership interests or other similar Equity Interests, or make other Restricted Payments in respect of its Equity Interests,
in each case ratably to the holders of such Equity Interests (or, if not ratably, on a basis more favorable to the Company and the Subsidiaries),
(iii)&#8239;so long as no Event of Default has occurred and is continuing, the Company may make Restricted Payments in an aggregate amount
not to exceed $15,000,000 in any Fiscal Year, (iv)&#8239;the Company may purchase Equity Interests from its or its Subsidiaries&rsquo;
employees in connection with the satisfaction of such employees tax withholding obligations pursuant to employee benefit plans and outstanding
awards, and payments of any corresponding amounts to the appropriate Governmental Authority, (v)&#8239;the Company may make cash payments
in lieu of the issuance of fractional shares representing insignificant interests in the Company in connection with the exercise of warrants,
options or other securities convertible into or exchangeable for shares of common stock in the Company, (vi)&#8239;so long as no Default
or Event of Default has occurred and is continuing or would result therefrom, the Company and its Subsidiaries may purchase, redeem, retire
or otherwise acquire shares of its capital stock or options or other equity or phantom equity in respect of its capital stock issued to
present or former officers, employees, directors or consultants (or their family members, any other Persons, or trusts or other entities
for the benefit of any of the foregoing) in an aggregate amount not to exceed $1,000,000 during any Fiscal Year, and (vii)&#8239;the Company
may repurchase shares of its common stock and make other Restricted Payments, <U>provided</U> that at the time of and immediately after
giving effect to any such repurchase or other Restricted Payment referred to in this clause (vii), (A)&#8239;no Default or Event of Default
shall have occurred and be continuing and (B)&#8239;Payment Conditions have been satisfied.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Company will not, and will not permit any Restricted Subsidiary to, make or agree to pay or make, directly or indirectly, any payment
or other distribution (whether in cash, securities or other property) of or in respect of principal of or interest on any Specified Indebtedness,
or any payment or other distribution (whether in cash, securities or other property), including any sinking fund or similar deposit, on
account of the purchase, redemption, retirement, acquisition, cancellation or termination of any Specified Indebtedness permitted by Section&#8239;6.01(a)(xii),
except:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;payments
of regularly scheduled interest and principal payments as and when due and mandatory prepayments in respect of any Specified Indebtedness
and expenses and indemnity in respect of such Specified Indebtedness, other than payments in respect of any Subordinated Indebtedness
prohibited by the subordination provisions thereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;refinancings
of Specified Indebtedness with the proceeds of Refinancing Indebtedness permitted under Section&#8239;6.01;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iii)&#8239;&#8239;&#8239;&#8239;payment
of secured Specified Indebtedness that becomes due as a result of (A)&#8239;any voluntary sale or transfer of any assets (other than assets
included in any Borrowing Base) securing such Indebtedness or (B)&#8239;any casualty or condemnation proceeding (including a disposition
in lieu thereof) of any assets (other than assets included in any Borrowing Base) securing such Indebtedness;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iv)&#8239;&#8239;&#8239;&#8239;payments
of or in respect of Specified Indebtedness solely by issuance of Equity Interests (other than Disqualified Stock) of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(v)&#8239;&#8239;&#8239;&#8239;&#8239;[reserved];
and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;other
payments of or in respect of Indebtedness; <U>provided</U> that at the time of and immediately after giving effect thereto, the Payment
Conditions have been satisfied.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;6.09&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Transactions
with Affiliates</U><FONT STYLE="background-color: white">. The Loan Parties will not, and will not permit any Restricted Subsidiary to,
sell, lease, license or otherwise transfer any assets to, or purchase, lease, license or otherwise acquire any assets from, or otherwise
engage in any other transactions with, any of its Affiliates, except (a)&#8239;transactions in the ordinary course of business at prices
and on terms and conditions not less favorable to the Company or such Restricted Subsidiary than those that would prevail in an arm&rsquo;s-length
transaction with unrelated third parties, (b)&#8239;transactions between or among the Company and the Restricted Subsidiaries not involving
any other Affiliate, (c)&#8239;any Restricted Payment permitted by Section&#8239;6.08, (d)&#8239;the payment of reasonable fees and compensation
to, and the providing of reasonable indemnities on behalf of, directors and officers of the Company or any Restricted Subsidiary, as determined
by the board of directors of the Company in good faith and (e)&#8239;the transactions described in <U>Schedule 6.09</U> and (f)&#8239;Investments
permitted by Section&#8239;6.04.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;6.10&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Restrictive
Agreements</U><FONT STYLE="background-color: white">. The Loan Parties will not, and will not permit any Restricted Subsidiary to, directly
or indirectly, enter into, incur or permit to exist any agreement or other arrangement that restricts or imposes any condition upon (a)&#8239;the
ability of the Company or any Restricted Subsidiary to create, incur or permit to exist any Lien upon any of its assets to secure any
Secured Obligations or (b)&#8239;the ability of any Restricted Subsidiary to pay dividends or other distributions with respect to its Equity
Interests or to make or repay loans or advances to the Company or any Restricted Subsidiary or to Guarantee Indebtedness of the Company
or any Restricted Subsidiary; <U>provided</U> that (i)&#8239;the foregoing shall not apply to (A)&#8239;restrictions and conditions imposed
by law or by any Loan Document, (B)&#8239;restrictions and conditions existing on the Effective Date identified in <U>Schedule 6.10</U>
(but shall apply to any amendment or modification), (C)&#8239;customary restrictions and conditions contained in agreements relating to
the sale of a Subsidiary pending such sale, <U>provided</U> that such restrictions and conditions apply only to the Subsidiary that is
to be sold and such sale is permitted hereunder, (D)&#8239;in the case of any Subsidiary that is not a wholly-owned Subsidiary, restrictions
and conditions imposed by its organizational documents or any related joint venture or similar agreement, <U>provided</U> that such restrictions
and conditions apply only to such Subsidiary and to any Equity Interests in such Subsidiary, (E)&#8239;restrictions and conditions set
forth in the definitive documentation governing <FONT STYLE="color: red"><STRIKE>the Term Credit Agreement</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Indebtedness
permitted under Section&#8239;6.01(a)(x)&#8239;and 6.01(a)(xvi)</U></FONT>, <U>provided</U> that, in the case of clause (a)&#8239;above,
such restrictions and conditions are no more onerous than those set forth in the Term Credit Agreement as in effect on the Effective Date,
(F)&#8239;restrictions and conditions imposed by agreements relating to Indebtedness of Subsidiaries that are not Loan Parties permitted
under Section&#8239;6.01(a)&#8239;and (G)&#8239;cash to secure letters of credit and other segregated deposits that are permitted pursuant
to Section&#8239;6.02(h), <U>provided</U> that such restrictions and conditions apply only to such Subsidiaries that are not Loan Parties,
(ii)&#8239;clause (a)&#8239;of the foregoing shall not apply to (A)&#8239;restrictions or conditions imposed by any agreement relating to
secured Indebtedness permitted by Section&#8239;6.01(a)(v)&#8239;if such restrictions or conditions apply only to the assets securing such
Indebtedness and (B)&#8239;customary provisions in leases and other agreements restricting the assignment thereof and (iii)&#8239;clause
(b)&#8239;of the foregoing shall not apply to restrictions and conditions imposed by agreements relating to Indebtedness of any Subsidiary
in existence at the time such Subsidiary became a Subsidiary and otherwise permitted under Section&#8239;6.01(a)&#8239;(but shall apply
to any amendment or modification expanding the scope of, any such restriction or condition), <U>provided</U> that such restrictions and
conditions apply only to such Subsidiary. Nothing in this paragraph shall be deemed to modify the requirements set forth in the definition
of the term &ldquo;Collateral and Guarantee Requirement&rdquo; or the obligations of the Loan Parties under Sections 5.03, 5.04 or 5.15
or under the Collateral Documents.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;6.11&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Amendment
of Other Documents</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Loan Parties will not, and will permit any Restricted Subsidiary to, amend, modify or waive any of its rights under its certificate of
incorporation, by-laws or other organizational documents, in either case, to the extent such amendment, modification or waiver would be
adverse in any material respect to the rights or interests of the Lenders hereunder or under any other Loan Document.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Loan Parties will not and will not permit any Restricted Subsidiary to, amend, modify or waive any of the terms or provisions of any Material
Contract or Specified Indebtedness to the extent such amendment, modification or waiver would be adverse in any material respect to the
rights or interests of the Lenders hereunder or under any other Loan Document. For purposes hereof, any amendment, modification, waiver
or supplement to any Material Contract to permit the incurrence of, to establish the terms of, or to evidence Indebtedness otherwise permitted
under Section&#8239;6.01 hereof shall be deemed not to adverse in any material respect to the rights or interests of the Lenders hereunder
or under any other Loan Document.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;6.12&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Fixed
Charge Coverage Ratio</U><FONT STYLE="background-color: white">. The Company will not permit the Fixed Charge Coverage Ratio on the first
day of any Covenant Period (calculated for the period of four Fiscal Quarters then most recently ended) or the last day of each Fiscal
Quarter thereafter that ends on or prior to the last day of any Covenant Period to be less than 1.00 to 1.00.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;6.13&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>[Reserved]</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;6.14&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Tax
Residence</U><FONT STYLE="background-color: white">. Each European Loan Party, each Hong Kong Loan Party and each of their respective
subsidiaries shall not be resident for Tax purposes in a jurisdiction other than the jurisdiction under whose laws it is incorporated
as at the date of this Agreement and none of the European Loan Parties, the Hong Kong Loan Parties or any of their respective Subsidiaries
shall have a branch, agency or permanent establishment in any other jurisdiction for Tax purposes.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;6.15&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Canadian
Pension Plans</U>. The Loan Parties shall not (a)&#8239;contribute to or assume an obligation to contribute to any Canadian Defined Benefit
Plan, without the prior written consent of the Administrative Agent, (b)&#8239;acquire an interest in any Person if such Person sponsors,
maintains or contributes to, or at any time in the five-year period preceding such acquisition has sponsored, maintained, or contributed
to Canadian Defined Benefit Plan, without the prior written consent of the Administrative Agent; or (c)&#8239;wind-up any Canadian Defined
Benefit Plan, in whole or in part without the prior written consent of the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>ARTICLE&#8239;VII</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Events of Default</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If any of the following events (each an &ldquo;<U>Events of Default</U>&rdquo;
and collectively, the &ldquo;<U>Events of Default</U>&rdquo;) shall occur:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
Borrower shall fail to pay any principal of any Loan or any reimbursement obligation in respect of any LC Disbursement when and as the
same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or otherwise;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
Borrower shall fail to pay any interest on any Loan or any fee or any other amount (other than an amount referred to in clause (a)&#8239;of
this Article) payable under this Agreement, when and as the same shall become due and payable, and such failure shall continue unremedied
for a period of five Business Days;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
representation, warranty or certification made or deemed made by or on behalf of the Company or any Restricted Subsidiary in or in connection
with this Agreement or any other Loan Document or any amendment or modification thereof or waiver thereunder, or in any report, certificate,
financial statement or other document furnished pursuant to or in connection with this Agreement or any other Loan Document or any amendment
or modification thereof or waiver thereunder, shall prove to have been materially incorrect when made or deemed made;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
Loan Party shall fail to observe or perform any covenant, condition or agreement contained in Section&#8239;5.02(a), 5.05 (with respect
to the existence of any Borrower) or 5.11 or in Article&#8239;VI;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;(i)&#8239;any
Loan Party shall fail to comply with Sections 5.12, 5.13, 5.14 or 5.18 and any such failure shall continue unremedied for a period of
seven Business Days or more (or during a Weekly Reporting <FONT STYLE="color: red"><STRIKE>Event</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Period</U></FONT>,
four Business Days or more) or (ii)&#8239;any Loan Party shall fail to observe or perform any other covenant, condition or agreement contained
in this Agreement or any other Loan Document (other than those specified in clause (a), (b)&#8239;or (d)&#8239;of this Article), and such
failure shall continue unremedied for a period of 30 days after the earlier of (i)&#8239;any Loan Party&rsquo;s knowledge of such breach
or (ii)&#8239;notice thereof from the Administrative Agent;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
Company or any Restricted Subsidiary shall fail to make any payment (whether of principal, interest, termination payment or other payment
obligation and regardless of amount) in respect of any Material Indebtedness (other than the Obligations) when and as the same shall become
due and payable (after giving effect to the passage of any grace, notice and cure periods with respect to such Material Indebtedness);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;(i)&#8239;any
event or condition shall occur that results in any Material Indebtedness becoming due, or being terminated or required to be prepaid,
repurchased, redeemed or defeased, prior to its scheduled maturity, or that enables or permits (with or without the giving of notice,
the lapse of time or both) the holder or holders of any Material Indebtedness or any trustee or agent on its or their behalf, or, in the
case of any Swap Agreement, the applicable counterparty, to cause any Material Indebtedness to become due, or to terminate or to require
the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity; <U>provided</U> that this clause (g)&#8239;shall
not apply to (x)&#8239;any secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the assets securing such
Indebtedness or (y)&#8239;any Indebtedness that becomes due as a result of a voluntary refinancing thereof permitted under Section&#8239;6.01
or (ii)&#8239;any Loan Party shall default in the payment when due, or in the performance or observance, of any obligation or condition
of any Material Contract and all applicable grace, notice or other cure periods shall have expired unless, but only as long as, the existence
of any such default is being contested by such Loan Party or any such Subsidiary in good faith by appropriate proceedings and adequate
reserves in respect thereof have been established on the books of such Loan Party to the extent required by GAAP;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;an
involuntary case or proceeding (including the filing of any notice of intention in respect thereof) shall be commenced or an involuntary
petition or application shall be filed seeking (i)&#8239;bankruptcy, liquidation, winding-up, dissolution, suspension of general operations,
composition, rescheduling, reorganization, arrangement or readjustment of, or other relief from, or stay of proceedings to enforce, some
or all of its debts or obligations, reorganization or other relief in respect of any Borrower or any Material Subsidiary or its debts,
or of a substantial part of its assets, under any Federal, state provincial, territorial or foreign bankruptcy, insolvency, receivership
or other Insolvency Laws now or hereafter in effect or (ii)&#8239;the appointment of an interim receiver, receiver, receiver an manager,
liquidator, administrator, trustee, custodian, sequestrator, conservator or similar official for any Borrower or any Material Subsidiary
or for a substantial part of its operations or assets, and, in any such case, such case or proceeding or petition shall continue undismissed
for 60 days or an order or decree approving or ordering any of the foregoing shall be entered;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
Borrower or any Material Subsidiary shall (A)&#8239;voluntarily commence any case or proceeding or file any petition or application seeking
liquidation (other than any liquidation permitted by Section&#8239;6.03(a)(iv)), reorganization or other relief under any Federal, state,
provincial, territorial or foreign bankruptcy, insolvency, receivership or other Insolvency Laws now or hereafter in effect, (B)&#8239;consent
to the institution of, or failure to contest in a timely and appropriate manner, any case or proceeding or petition described in clause
(h)&#8239;of this Article, (C)&#8239;apply for or consent to the appointment of an interim receiver, receiver, liquidator, administrator,
trustee, custodian, sequestrator, conservator or similar official for any Borrower or any Material Subsidiary or for a substantial part
of its assets, (D)&#8239;file an answer admitting the material allegations of a petition or application filed against it in any such case
or proceeding or (E)&#8239;make a general assignment for the benefit of creditors, or the board of directors (or similar governing body)
of any Borrower or any Material Subsidiary (or any committee thereof) shall adopt any resolution or otherwise authorize any action to
approve any of the actions referred to above in this sub-clause (i)&#8239;or clause (h)&#8239;of this Article; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;without
limiting the preceding sub-clause (i), any corporate action, legal proceedings or other procedure or step is taken in relation to (A)&#8239;the
suspension of payments, a moratorium of any indebtedness, winding-up, dissolution, administration or reorganization (by way of voluntary
arrangement, scheme of arrangement or otherwise) of any UK Loan Party; (B)&#8239;a composition, compromise, assignment or arrangement with
any creditor of any UK Loan Party; (C)&#8239;the appointment of a liquidator, receiver, administrative receiver, administrator, compulsory
manager or other similar officer in respect of any UK Loan Party or any of its assets; (D)&#8239;the enforcement of any Lien over any assets
of any UK Loan Party, or any analogous procedure or step is taken in any jurisdiction, <U>provided</U> that this sub-clause (ii)&#8239;shall
not apply to a petition for winding-up presented by a creditor which either is (a)&#8239;frivolous or vexatious or (b)&#8239;is being contested
in good faith, and which in either case is discharged or struck out within 14 days of commencement; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;any
expropriation, attachment, sequestration, distress or execution or any analogous process in any jurisdiction affects any asset or assets
of a UK Loan Party and is not discharged within 21 days;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(j)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
Borrower or any Material Subsidiary shall become unable, admit in writing its inability or fail generally to pay its debts as they become
due or, in the case of a UK Loan Party (is deemed to or declared to be unable to pay its debts under applicable law), suspends or threatens
to suspend making payments on any of its debts or, by reason of actual or anticipated financial difficulties, commences negotiations with
one or more of its creditors (excluding any Lender Party in its capacity as such) with a view to rescheduling any of its indebtedness;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;the
value of the assets of a UK Loan Party is less than its liabilities (taking into account contingent and prospective liabilities); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;a
moratorium is declared in respect of any indebtedness of any UK Loan Party. If a moratorium occurs, the ending of such moratorium will
not remedy any Event of Default caused by that moratorium;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(k)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;one
or more judgments for the payment of money in an aggregate amount in excess of $35,000,000 (to the extent not covered by independent third-party
insurance as to which the insurer has been notified of such judgment and has not denied coverage) shall be rendered against the Company
or any Restricted Subsidiary, or any combination thereof, and the same shall remain undischarged for a period of 30 consecutive days during
which execution shall not be effectively stayed, or any action shall be legally taken by a judgment creditor to attach or levy upon any
assets of the Company or any Restricted Subsidiary to enforce any such judgment;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(l)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;one
or more ERISA Events or Foreign Pension Plan Events shall have occurred that would, individually or in the aggregate, reasonably be expected
to result in a Material Adverse Effect;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(m)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;a
Change in Control shall occur;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(n)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
Loan Guarantee shall fail to remain in full force or effect or any action shall be taken to discontinue or to assert the invalidity or
unenforceability of any Loan Guarantee, or any Loan Party shall fail to comply in any material respect with any of the terms or provisions
of the Loan Guarantee to which it is a party, or any Loan Party shall deny that it has any further liability under the Loan Guarantee
to which it is a party, or shall give notice to such effect (except, in each case, as a result of the release thereof as provided herein);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(o)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
Lien purported to be created under any Collateral Document shall cease to be, or shall be asserted by any Loan Party not to be, a valid
and perfected Lien on any material Collateral, with the priority required by the applicable Collateral Document, except (i)&#8239;as a
result of the sale or other disposition of the applicable Collateral in a transaction permitted under the Loan Documents, (ii)&#8239;the
release thereof as provided in the applicable Collateral Document or Section&#8239;9.02(c)&#8239;or (iii)&#8239;as a result of the failure
of the Administrative Agent to (A)&#8239;maintain possession of any stock certificates, promissory notes, or other instruments or certificated
securities delivered to it under the Security Agreements or (B)&#8239;file continuation statements with respect to any UCC or PPSA financing
statement; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(p)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
Intercreditor Agreement is not or ceases to be binding on or enforceable against any party thereto (or against any Person on whose behalf
any such party makes any covenant or agreements therein), or shall otherwise not be effective to create the rights and obligations purported
to be created thereunder, in each case in any respect material to the Administrative Agent or the other Lender Parties;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">then, and in every such event (other than an event with respect to
any Borrower described in clause (h), (i)&#8239;or (j)&#8239;of this Article), and at any time thereafter during the continuance of such
event, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to the Borrower Representative, take
either or both of the following actions, at the same or different times: (i)&#8239;terminate the Revolving Commitments, and thereupon the
Revolving Commitments shall terminate immediately, and (ii)&#8239;declare the Loans then outstanding to be due and payable in whole (or
in part, in which case any principal not so declared to be due and payable may thereafter be declared to be due and payable), and thereupon
the principal of the Loans so declared to be due and payable, together with accrued interest thereon and all fees and other obligations
of the Borrowers accrued hereunder, shall become due and payable immediately, in each case without presentment, demand, protest or other
notice of any kind, all of which are hereby waived by the Borrowers; and in the case of any event with respect to any Borrower described
in clause (h), (i)&#8239;or (j)&#8239;of this Article, the Revolving Commitments shall automatically terminate and the principal of the
Loans then outstanding, together with accrued interest thereon and all fees and other obligations of the Borrowers accrued hereunder,
shall immediately and automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which
are hereby waived by the Borrowers to the extent permitted by applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>ARTICLE&#8239;VIII</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>The Administrative Agent</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;8.01&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Authorization
and Action</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
of the Lenders and each of the Issuing Banks hereby irrevocably appoints the Administrative Agent and its successors to serve in such
capacity and to serve as collateral agent under the Loan Documents, and authorizes each such Agent to take such actions on its behalf,
including execution of the other Loan Documents, and to exercise such powers as are delegated to such Agent by the terms of the Loan Documents,
together with such actions and powers as are reasonably incidental thereto. In addition, to the extent required under the laws of any
jurisdiction other than the United States of America, each of the Lenders and the Issuing Banks hereby grants to the Administrative Agent
any required powers of attorney to execute any Collateral Document governed by the laws of such jurisdiction on such Lender&rsquo;s or
Issuing Bank&rsquo;s behalf. Without limiting the foregoing, each Lender and Issuing Bank hereby authorizes the Administrative Agent to
execute and deliver, and to perform its obligations under, each of the Loan Documents to which the Administrative Agent is a party, to
exercise all rights, powers and remedies that the Administrative Agent may have under such Loan Documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;It
is understood and agreed by the parties hereto, that as part of its duties and functions, the Administrative Agent shall serve as the
hypothecary representative for itself and for all present and future Lender Parties, as contemplated by Article&#8239;2692 of the Civil
Code of Qu&eacute;bec (the &ldquo;<U>CCQ</U>&rdquo;). For greater certainty, and without limiting the powers of the Administrative Agent,
each of the Lenders and the Issuing Banks hereby irrevocably appoints the Administrative Agent as hypothecary representative for all present
and future Lender Parties as contemplated under Article&#8239;2692 of the CCQ in order to hold hypothecs and security granted under any
Loan Document pursuant to the laws of the Province of Quebec to secure performance of all or part of the Secured Obligations and to exercise
such powers and duties which are conferred upon the Lenders and the Issuing Banks thereunder. The appointment of the Administrative Agent
as hypothecary representative shall be deemed to have been ratified and confirmed by each Person that accedes or has acceded to this Agreement
as a Lender or Issuing Bank after the date hereof. The Loan Parties hereby acknowledge the appointment of the Administrative Agent as
the hypothecary representative of the Lender Parties as contemplated under Article&#8239;2692 of the CCQ. In the event of the resignation
of the Administrative Agent and appointment of a successor Administrative Agent, such successor Administrative Agent shall also act as
hypothecary representative without further formality. The execution by the Administrative Agent as the hypothecary representative of the
relevant deeds of hypothec or other relevant documentation prior to the date hereof is hereby ratified and confirmed by each Lender and
Issuing Bank. In its capacity of hypothecary representative, the Administrative Agent shall (a)&#8239;have the sole and exclusive right
and authority to exercise, except as may be otherwise specifically restricted hereunder, all rights and remedies given to the hypothecary
representative pursuant to any hypothec, applicable law or otherwise, (b)&#8239;benefit from and be subject to all provisions hereof with
respect to the Administrative Agent, <I>mutatis mutandis</I>, including, without limitation, all such provisions with respect to the liability
or responsibility to and indemnification by the Lenders and the Issuing Banks, and (c)&#8239;be entitled to delegate from time to time
any of its powers or duties under any hypothec or other Loan Document, on such terms and conditions as it may determine from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;As
to any matters not expressly provided for herein and in the other Loan Documents (including enforcement or collection), the Administrative
Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and
shall be fully protected in so acting or refraining from acting) upon the written instructions of the Required Lenders (or such other
number or percentage of the Lenders as shall be necessary, pursuant to the terms in the Loan Documents), and, unless and until revoked
in writing, such instructions shall be binding upon each Lender and Issuing Bank; <U>provided</U>, <U>however</U>, that no Administrative
Agent shall be required to take any action that (i)&#8239;such Administrative Agent in good faith believes exposes it to liability unless
the such Administrative Agent receives an indemnification satisfactory to it from the Lenders and the Issuing Banks with respect to such
action or (ii)&#8239;is contrary to this Agreement or any other Loan Document or applicable law, including any action that may be in violation
of the automatic stay under any requirement of law relating to bankruptcy, insolvency or reorganization or relief of debtors or any other
Insolvency Law or that may effect a forfeiture, modification or termination of property of a Defaulting Lender in violation of any requirement
of law relating to bankruptcy, insolvency or reorganization or relief of debtors or any other Insolvency Law; <U>provided</U>, <U>further</U>,
that the Administrative Agent may seek clarification or direction from the Required Lenders prior to the exercise of any such instructed
action and may refrain from acting until such clarification or direction has been provided. Except as expressly set forth in the Loan
Documents, the Administrative Agent shall not have any duty to disclose, and shall not be liable for the failure to disclose, any information
relating to the Borrowers, any other Loan Party, any Subsidiary or any Affiliate of any of the foregoing that is communicated to or obtained
by the Person serving as an Administrative Agent or any of its Affiliates in any capacity. Nothing in this Agreement shall require the
Administrative Agent to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties
hereunder or in the exercise of any of its rights or powers if it shall have reasonable grounds for believing that repayment of such funds
or adequate indemnity against such risk or liability is not reasonably assured to it.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;In
performing its functions and duties hereunder and under the other Loan Documents, each Administrative Agent is acting solely on behalf
of the Lenders and the Issuing Banks (except in limited circumstances expressly provided for herein relating to the maintenance of the
Register), and its duties are entirely mechanical and administrative in nature. Without limiting the generality of the foregoing:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
Administrative Agent does not assume and shall not be deemed to have assumed any obligation or duty or any other relationship as the agent,
fiduciary or trustee of or for any Lender,&#8239;Issuing Bank or Lender Party other than as expressly set forth herein and in the other
Loan Documents, regardless of whether a Default or an Event of Default has occurred and is continuing (and it is understood and agreed
that the use of the term &ldquo;agent&rdquo; (or any similar term) herein or in any other Loan Document with reference to the Administrative
Agent is not intended to connote any fiduciary duty or other implied (or express) obligations arising under agency doctrine of any applicable
law, and that such term is used as a matter of market custom and is intended to create or reflect only an administrative relationship
between contracting parties); additionally, each Lender agrees that it will not assert any claim against the Administrative Agent based
on an alleged breach of fiduciary duty by the Administrative Agent in connection with this Agreement and the transactions contemplated
hereby;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;where
the Administrative Agent is required or deemed to act as a trustee in respect of any Collateral over which a security interest has been
created pursuant to a Loan Document expressed to be governed by the laws of England and Wales or Hong Kong, the obligations and liabilities
of the Administrative Agent to the Lender Parties in its capacity as trustee shall be excluded to the fullest extent permitted by applicable
law; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;nothing
in this Agreement or any Loan Document shall require an Administrative Agent to account to any Lender for any sum or the profit element
of any sum received by such Administrative Agent for its own account.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Administrative Agent may perform any of its duties and exercise its rights and powers hereunder or under any other Loan Document by or
through any one or more sub-agents appointed by such Administrative Agent. The Administrative Agent and any such sub-agent may perform
any of their respective duties and exercise their respective rights and powers through their respective Related Parties. The exculpatory
provisions of this Article&#8239;shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such
sub-agent, and shall apply to their respective activities pursuant to this Agreement. The Administrative Agent shall not be responsible
for the negligence or misconduct of any sub agent except to the extent that a court of competent jurisdiction determines in a final and
nonappealable judgment that such Administrative Agent acted with gross negligence or willful misconduct in the selection of such sub-agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;None
of any Syndication Agent<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>, Documentation Agent</U></FONT> or any Arranger shall
have obligations or duties whatsoever in such capacity under this Agreement or any other Loan Document and shall incur no liability hereunder
or thereunder in such capacity, but all such persons shall have the benefit of the indemnities provided for hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;In
the event of the pendency of any case or proceeding with respect to any Loan Party under any Insolvency Law now or hereafter in effect,
the Administrative Agent (irrespective of whether the principal of any Loan or any reimbursement obligation in respect of any LC Disbursement
shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent
shall have made any demand on any Borrower) shall be entitled and empowered (but not obligated) by intervention in such proceeding or
otherwise:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, LC Disbursements and
all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the
claims of the Lenders, the Issuing Bank and the Administrative Agent (including any claim under Sections 2.12, 2.13, 2.15, 2.17 and 9.03)
allowed in such judicial case or proceeding; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">and any custodian, receiver, assignee, trustee, liquidator, sequestrator,
debtor, debtor-in-possession or other similar official in any such case or proceeding is hereby authorized by each Lender,&#8239;Issuing
Bank and each other Lender Party to make such payments to the Administrative Agent and, in the event that such Administrative Agent shall
consent to the making of such payments directly to the Lenders, the Issuing Banks or the other Lender Parties, to pay to such Administrative
Agent any amount due to it, in its capacity as the administrative agent, under the Loan Documents (including under Section&#8239;9.03).
Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or otherwise accept or adopt
on behalf of any Lender or Issuing Bank any plan of reorganization, arrangement, adjustment, composition or similar dispositive restructuring
plan affecting the Obligations or the rights of any Lender or Issuing Bank or to authorize the Administrative Agent to vote in respect
of the claim of any Lender or Issuing Bank in any such case or proceeding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The provisions of this Article&#8239;are solely for the benefit of the
Administrative Agent, the Lenders and the Issuing Banks, and, except solely to the extent of the Borrowers&rsquo; right to consent pursuant
to and subject to the conditions set forth in this Article, no Borrower nor any Subsidiary, or any of their respective Affiliates shall
have any rights as a third party beneficiary under any such provisions. Each Lender Party, whether or not a party hereto, will be deemed,
by its acceptance of the benefits of the Collateral and of the Guarantees of the Secured Obligations provided under the Loan Documents,
to have agreed to the provisions of this Article.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;8.02&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Administrative
Agent&rsquo;s Reliance,&#8239;Indemnification, Etc</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Neither
the Administrative Agent nor any of its Related Parties shall be (i)&#8239;liable for any action taken or omitted to be taken by it under
or in connection with this Agreement or the other Loan Documents (x)&#8239;with the consent of or at the request of the Required Lenders
(or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith to
be necessary, under the circumstances as provided in the Loan Documents) or (y)&#8239;in the absence of its own bad faith, gross negligence
or willful misconduct (such absence to be presumed unless otherwise determined by a court of competent jurisdiction by a final and nonappealable
judgment) or (ii)&#8239;responsible in any manner to any of the Lenders for any recitals, statements, representations or warranties made
by any Loan Party or any officer thereof contained in this Agreement or any other Loan Document or in any certificate, report, statement
or other document referred to or provided for in, or received by an Administrative Agent under or in connection with, this Agreement or
any other Loan Document or for the value, validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any
other Loan Document or for any failure of any Loan Party to perform its obligations hereunder or thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Administrative Agent shall be deemed not to have knowledge of any Default unless and until written notice thereof (stating that it is
a &ldquo;notice of default&rdquo;) is given to such Person by the Borrower Representative, a Lender or an Issuing Bank, and such Person
shall not be responsible for or have any duty to ascertain or inquire into (i)&#8239;any statement, warranty or representation made in
or in connection with any Loan Document, (ii)&#8239;the contents of any certificate, report or other document delivered hereunder or in
connection with any Loan Document, (iii)&#8239;the performance or observance of any of the covenants, agreements or other terms or conditions
set forth in any Loan Document or the occurrence of any Default, (iv)&#8239;the sufficiency, validity, enforceability, effectiveness or
genuineness of any Loan Document or any other agreement, instrument or document, (v)&#8239;the creation, perfection or priority of Liens
on the Collateral or the existence of the Collateral, or (vi)&#8239;the satisfaction of any condition set forth in Article&#8239;IV or elsewhere
in any Loan Document, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent or satisfaction
of any condition that expressly refers to the matters described therein being acceptable or satisfactory to the Administrative Agent.
Notwithstanding anything herein to the contrary, the Administrative Agent shall not be liable for, or be responsible for any claim, liability,
loss, cost or expense suffered by any Borrower, any other Loan Party, any Subsidiary, any Lender or the Issuing Bank as a result of, any
determination of the Revolving Exposure, any of the component amounts thereof or any portion thereof attributable to each Lender or Issuing
Bank, or any exchange rate or Dollar Equivalent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Without
limiting the foregoing, the Administrative Agent (i)&#8239;may treat the payee of any promissory note as its holder until such promissory
note has been assigned in accordance with Section&#8239;9.04, (ii)&#8239;may rely on the Register to the extent set forth in Section&#8239;9.04(b),
(iii)&#8239;may consult with legal counsel, independent public accountants and other experts selected by it, and shall not be liable for
any action taken or omitted to be taken in good faith by it in accordance with the advice of such counsel, accountants or experts, (iv)&#8239;makes
no warranty or representation to any Lender or Issuing Bank and shall not be responsible to any Lender or Issuing Bank for any statements,
warranties or representations made by or on behalf of any Loan Party in connection with this Agreement or any other Loan Document, (v)&#8239;in
determining compliance with any condition hereunder to the making of a Loan, or the issuance of a Letter of Credit, that by its terms
must be fulfilled to the satisfaction of a Lender or an Issuing Bank, may presume that such condition is satisfactory to such Lender or
Issuing Bank unless the Administrative Agent shall have received notice to the contrary from such Lender or Issuing Bank sufficiently
in advance of the making of such Loan or the issuance of such Letter of Credit and (vi)&#8239;shall be entitled to rely on, and shall incur
no liability under or in respect of this Agreement or any other Loan Document by acting upon, any notice, consent, certificate or other
instrument or writing (which writing may be a fax, any electronic message,&#8239;Internet or intranet website posting or other distribution)
or any statement made to it orally or by telephone and believed by it to be genuine and signed or sent or otherwise authenticated by the
proper party or parties (whether or not such Person in fact meets the requirements set forth in the Loan Documents for being the maker
thereof).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;8.03&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Reliance</U><FONT STYLE="background-color: white">.
With respect to its Commitment, Loans and Letters of Credit, the Person serving as the Administrative Agent shall have and may exercise
the same rights and powers hereunder and is subject to the same obligations and liabilities as and to the extent set forth herein for
any other Lender or Issuing Bank, as the case may be. The terms &ldquo;Issuing Bank,&rdquo; &ldquo;Lenders,&rdquo; &ldquo;Required Lenders&rdquo;
and any similar terms shall, unless the context clearly otherwise indicates, include the Administrative Agent in its individual capacity
as a Lender,&#8239;Issuing Bank or as one of the Required Lenders, as applicable. The Person serving as the Administrative Agent and its
Affiliates may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity
for and generally engage in any kind of banking, trust or other business with, any Loan Party, any Subsidiary or any Affiliate of any
of the foregoing as if such Person was not acting as the Administrative Agent and without any duty to account therefor to the Lenders
or the Issuing Bank.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;8.04&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Successor
Administrative Agent</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Administrative Agent may resign at any time by giving 30 days&rsquo; prior written notice thereof to the Lenders, the Issuing Banks and
the Borrower Representative, whether or not a successor has been appointed. Upon any such resignation, the Required Lenders shall have
the right, to appoint a successor. If no successor shall have been so appointed by the Required Lenders and shall have accepted such appointment
within 30 days after the retiring Agent&rsquo;s giving of notice of resignation, then the retiring Agent may, on behalf of the Lenders
and the Issuing Banks, appoint a successor which shall be a bank with an office in New York, New York or an Affiliate of any such bank.
In either case, such appointment shall be subject to the prior written approval of the Borrower Representative (which approval may not
be unreasonably withheld and shall not be required while an Event of Default has occurred and is continuing). Upon the acceptance of any
appointment as Administrative Agent by a successor, such successor shall succeed to and become vested with, all the rights, powers, privileges
and duties of the retiring Administrative Agent. Upon the acceptance of appointment as Administrative Agent by a successor, the retiring
Agent shall be discharged from its duties and obligations under this Agreement and the other Loan Documents. Prior to any retiring Agent&rsquo;s
resignation hereunder as Administrative Agent, the retiring Agent shall take such action as may be reasonably necessary to assign to the
successor its rights as an Administrative Agent under the Loan Documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Notwithstanding
paragraph (a)&#8239;of this Section, in the event no successor shall have been so appointed and shall have accepted such appointment within
30 days after the retiring Agent gives notice of its intent to resign, the retiring Agent may give notice of the effectiveness of its
resignation to the Lenders, the Issuing Banks and the Borrowers, whereupon, on the date of effectiveness of such resignation stated in
such notice, (i)&#8239;the retiring Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents;
<U>provided</U> that, solely for purposes of maintaining any security interest granted to the Administrative Agent under any Collateral
Document for the benefit of the Lender Parties, the retiring Agent shall continue to be vested with such security interest as collateral
agent for the benefit of the Lender Parties and continue to be entitled to the rights set forth in such Collateral Document and Loan Document,
and, in the case of any Collateral in the possession of the such Agent, shall continue to hold such Collateral, in each case until such
time as a successor is appointed and accepts such appointment in accordance with this Section&#8239;(it being understood and agreed that
the retiring Agent shall have no duty or obligation to take any further action under any Collateral Document, including any action required
to maintain the perfection of any such security interest), and (ii)&#8239;the Required Lenders shall succeed to and become vested with
all the rights, powers, privileges and duties of the retiring Agent; <U>provided</U> that (A)&#8239;all payments required to be made hereunder
or under any other Loan Document to the such Agent for the account of any Person other than the Agent shall be made directly to such Person
and (B)&#8239;all notices and other communications required or contemplated to be given or made to the such Agent shall directly be given
or made to each Lender and Issuing Bank. Following the effectiveness of the Agent&rsquo;s resignation from its capacity as such, the provisions
of this Article, Section&#8239;2.17(d)&#8239;and Section&#8239;9.03, as well as any exculpatory, reimbursement and indemnification provisions
set forth in any other Loan Document, shall continue in effect for the benefit of such retiring Agent, its sub-agents and their respective
Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring Agent was acting as Agent and
in respect of the matters referred to in the proviso under clause (a)&#8239;above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;8.05&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Acknowledgements
of Lenders and Issuing Bank</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Lender represents that it is engaged in making, acquiring or holding commercial loans in the ordinary course of its business and that
it has, independently and without reliance upon any Agent or any other Lender, or any of the Related Parties of any of the foregoing,
and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this
Agreement as a Lender, and to make, acquire or hold Loans hereunder. Each Lender also acknowledges that it will, independently and without
reliance upon any Agent or any other Lender, or any of the Related Parties of any of the foregoing, and based on such documents and information
(which may contain material, non-public information within the meaning of the United States securities laws concerning the Borrowers and
their Affiliates) as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under
or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Lender, by delivering its signature page&#8239;to this Agreement on the Effective Date, or delivering its signature page&#8239;to an Assignment
and Assumption or any other Loan Document pursuant to which it shall become a Lender hereunder, shall be deemed to have acknowledged receipt
of, and consented to and approved, each Loan Document and each other document required to be delivered to, or be approved by or satisfactory
to, the Administrative Agent or the Lenders on the Effective Date or the effective date of any such Assignment and Assumption or any other
Loan Document pursuant to which it shall have become a Lender hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Lender hereby agrees that (i)&#8239;it has requested a copy of each Report prepared by or on behalf of the Administrative Agent; (ii)&#8239;the
Administrative Agent (A)&#8239;makes no representation or warranty, express or implied, as to the completeness or accuracy of any Report
or any of the information contained therein or any inaccuracy or omission contained in or relating to a Report and (B)&#8239;shall not
be liable for any information contained in any Report; (iii)&#8239;the Reports are not comprehensive audits or examinations, and that any
Person performing any field examination will inspect only specific information regarding the Loan Parties and will rely significantly
upon the Loan Parties&rsquo; books and records, as well as on representations of the Loan Parties&rsquo; personnel and that the Administrative
Agent undertakes no obligation to update, correct or supplement the Reports; (iv)&#8239;it will keep all Reports confidential and strictly
for its internal use, not share the Report with any Loan Party or any other Person except as otherwise permitted pursuant to this Agreement;
and (v)&#8239;without limiting the generality of any other indemnification provision contained in this Agreement, (A)&#8239;it will hold
the Administrative Agent and any such other Person preparing a Report harmless from any action the indemnifying Lender may take or conclusion
the indemnifying Lender may reach or draw from any Report in connection with any extension of credit that the indemnifying Lender has
made or may make to the Borrower, or the indemnifying Lender&rsquo;s participation in, or the indemnifying Lender&rsquo;s purchase of,
a Loan or Loans; and (B)&#8239;it will pay and protect, and indemnify, defend, and hold the Administrative Agent and any such other Person
preparing a Report harmless from and against, the claims, actions, proceedings, damages, costs, expenses, and other amounts (including
reasonable attorneys&rsquo; fees) incurred by the Administrative Agent or any such other Person as the direct or indirect result of any
third parties who might obtain all or part of any Report through the indemnifying Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(d)</U></FONT>&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(i)</U></FONT>&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Each
Lender and each Issuing Bank (any such Lender or Issuing Bank, a &ldquo;Payment Recipient&rdquo;) hereby agrees that (x)&#8239;if the Administrative
Agent notifies&#8239;such Payment Recipient that the Administrative Agent has determined&#8239;in its sole discretion that any funds received
by such Payment Recipient from the Administrative Agent or any of its Affiliates (whether as a payment, prepayment or repayment of principal,
interest, fees or otherwise; individually and collectively, a &ldquo;Payment&rdquo;) were erroneously transmitted to such Payment Recipient
(whether or not known to such Payment Recipient), and demands the return of such Payment (or a portion thereof), such Payment Recipient
shall promptly, but in no event later than one Business Day thereafter, return to the Administrative Agent the amount of any such Payment
(or portion thereof) as to which such a demand was made in same day funds, together with interest thereon in respect of each day from
and including the date such Payment (or portion thereof) was received by such Payment Recipient to the date such amount is repaid to the
Administrative Agent at the greater of the NYFRB Rate and a rate determined by the Administrative Agent in accordance with banking industry
rules&#8239;on interbank compensation from time to time in effect, and (y)&#8239;to the extent permitted by applicable law, such Payment
Recipient shall not assert, and hereby waives, as to the Administrative Agent, any claim, counterclaim, defense or right of set-off or
recoupment with respect to any demand, claim or counterclaim by the Administrative Agent for the return of any Payments received, including
without limitation any defense based on &ldquo;discharge for value&rdquo; or any similar doctrine. A notice of the Administrative Agent
to any Payment Recipient under this Section&#8239;8.05(d)&#8239;shall be conclusive, absent manifest error.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(ii)</U></FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Each
Payment Recipient hereby further agrees that if it&#8239;receives a Payment from the Administrative Agent or any of its Affiliates (x)&#8239;that
is in a different amount than, or on a different date from, that specified in a notice of payment sent by the Administrative Agent (or
any of its Affiliates) with respect to such Payment (a &ldquo;Payment Notice&rdquo;) or (y)&#8239;that was not preceded or accompanied
by a Payment Notice, it shall be on notice, in each such case, that an error has been made with respect to such Payment.&#8239; Each Payment
Recipient agrees that, in each such case, or if it otherwise becomes aware a Payment (or portion thereof) may have been sent in error,
such Payment Recipient shall promptly notify the Administrative Agent of such occurrence and, upon demand from the Administrative Agent,
it shall promptly, but in no event later than one Business Day thereafter, return to the Administrative Agent the amount of any such Payment
(or portion thereof) as to which such a demand was made in same day funds, together with interest thereon in respect of each day from
and including the date such Payment (or portion thereof) was received by such Payment Recipient to the date such amount is repaid to the
Administrative Agent at the greater of the NYFRB Rate and a rate determined by the Administrative Agent in accordance with banking industry
rules&#8239;on interbank compensation from time to time in effect.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(iii)</U></FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>The
Borrower Representative and each other Loan Party hereby agrees that (x)&#8239;in the event an erroneous Payment (or portion thereof) are
not recovered from any Payment Recipient that has received such Payment (or portion thereof) for any reason, the Administrative Agent
shall be subrogated to all the rights of such Payment Recipient with respect to such amount and (y)&#8239;an erroneous Payment shall not
pay, prepay, repay, discharge or otherwise satisfy any Obligations owed by the Borrower Representative or any other Loan Party; provided
that, for the avoidance of doubt, the immediately preceding clauses (x)&#8239;and (y)&#8239;shall not apply to the extent any such Payment
is, and solely with respect to the amount of such Payment that is, comprised of funds received by the Administrative Agent from the Borrower
for the purpose of making such Payment.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(iv)</U></FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Each
party&rsquo;s obligations under this Section&#8239;8.05(d)&#8239;shall survive the resignation or replacement of the Administrative Agent
or any transfer of rights or obligations by, or the replacement of, a Payment Recipient, the termination of the Commitments or the repayment,
satisfaction or discharge of all Obligations under any Loan Document.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;8.06&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Collateral
Matters</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Except
with respect to the exercise of setoff rights in accordance with Section&#8239;9.08 or with respect to a Lender Party&rsquo;s right to
file a proof of claim and vote with respect thereto in connection with any proposed plan of reorganization, arrangement, adjustment, composition,
or similar dispositive restructuring plan in any insolvency, bankruptcy, reorganization or other similar case or proceeding, no Lender
Party shall have any right individually to realize upon any of the Collateral or to enforce any Guarantee of the Secured Obligations,
it being understood and agreed that all powers, rights and remedies under the Loan Documents may be exercised solely by the Administrative
Agent on behalf of the Lender Parties in accordance with the terms thereof. In its capacity, the Administrative Agent is a &ldquo;representative&rdquo;
of the Lender Parties within the meaning of the term &ldquo;secured party&rdquo; as defined in the UCC. In the event that any Collateral
is hereafter pledged by any Person as collateral security for the Secured Obligations, the Administrative Agent is hereby authorized,
and hereby granted a power of attorney, to execute and deliver on behalf of the Lender Parties any Loan Documents necessary or appropriate
to grant and perfect a Lien on such Collateral in favor of the Administrative Agent on behalf of the Lender Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;In
furtherance of the foregoing and not in limitation thereof, no arrangements in respect of Banking Services the obligations under which
constitute Secured Obligations and no Swap Agreement the obligations under which constitute Secured Obligations, will create (or be deemed
to create) in favor of any Lender Party that is a party thereto any rights in connection with the management or release of any Collateral
or of the obligations of any Loan Party under any Loan Document. By accepting the benefits of the Collateral, each Lender Party that is
a party to any such arrangement in respect of Banking Services or Swap Agreement, as applicable, shall be deemed to have appointed the
Administrative Agent to serve as administrative agent and collateral agent under the Loan Documents and agreed to be bound by the Loan
Documents as a Lender Party thereunder, subject to the limitations set forth in this paragraph.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Administrative Agent shall not be responsible for or have a duty to ascertain or inquire into any representation or warranty regarding
the existence, value or collectability of the Collateral, the existence, priority or perfection of such Administrative Agent&rsquo;s Lien
thereon or any certificate prepared by any Loan Party in connection therewith, nor shall the Administrative Agent be responsible or liable
to the Lenders or any Lender Party for any failure to monitor or maintain any portion of the Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;8.07&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Credit
Bidding</U><FONT STYLE="background-color: white">. The Lender Parties hereby irrevocably authorize the Administrative Agent, at the direction
of the Required Lenders, to (subject to the Intercreditor Agreement) credit bid all or any portion of the Obligations (including by accepting
some or all of the Collateral in satisfaction of some or all of the Obligations pursuant to a deed in lieu of foreclosure or otherwise)
and in such manner purchase (either directly or through one or more acquisition vehicles) all or any portion of the Collateral (a)&#8239;at
any sale thereof conducted under the provisions of the Bankruptcy Code, including under Sections 363, 1123 or 1129 of the Bankruptcy Code,
or any comparable provisions of any other Insolvency Laws or any similar laws in any other jurisdictions to which a Loan Party is subject,
or (b)&#8239;at any other sale, foreclosure or acceptance of collateral in lieu of debt conducted by (or with the consent or at the direction
of) the Administrative Agent (whether by judicial action or otherwise) in accordance with any applicable law. In connection with any such
credit bid and purchase, the Obligations owed to the Lender Parties shall be entitled to be, and shall be, credit bid by the Administrative
Agent at the direction of the Required Lenders on a ratable basis (with Obligations with respect to contingent or unliquidated claims
receiving contingent interests in the acquired assets on a ratable basis that shall vest upon the liquidation of such claims in an amount
proportional to the liquidated portion of the contingent claim amount used in allocating the contingent interests) for the asset or assets
so purchased (or for the equity interests or debt instruments of the acquisition vehicle or vehicles that are issued in connection with
such purchase). In connection with any such bid (i)&#8239;the Administrative Agent shall be authorized to form one or more acquisition
vehicles and to assign any successful credit bid to such acquisition vehicle or vehicles (ii)&#8239;each of the Lender Parties&rsquo; ratable
interests in the Obligations which were credit bid shall be deemed without any further action under this Agreement to be assigned to such
vehicle or vehicles for the purpose of closing such sale, (iii)&#8239;the Administrative <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Agent
</U></FONT>shall be authorized to adopt documents providing for the governance of the acquisition vehicle or vehicles (<U>provided</U>
that any actions by the Administrative Agent with respect to such acquisition vehicle or vehicles, including any disposition of the assets
or equity interests thereof, shall be governed, directly or indirectly, by, and the governing documents shall provide for, control by
the vote of the Required Lenders or their permitted assignees under the terms of this Agreement or the governing documents of the applicable
acquisition vehicle or vehicles, as the case may be, irrespective of the termination of this Agreement and without giving effect to the
limitations on actions by the Required Lenders contained in Section&#8239;9.02 of this Agreement), (iv)&#8239;the Administrative Agent on
behalf of such acquisition vehicle or vehicles shall be authorized to issue to each of the Lender Parties, ratably on account of the relevant
Obligations which were credit bid, interests, whether as equity, partnership, limited partnership interests or membership interests, in
any such acquisition vehicle and/or debt instruments issued by such acquisition vehicle, all without the need for any Lender Party or
acquisition vehicle to take any further action, and (v)&#8239;to the extent that Obligations that are assigned to an acquisition vehicle
are not used to acquire Collateral for any reason (as a result of another bid being higher or better, because the amount of Obligations
assigned to the acquisition vehicle exceeds the amount of Obligations credit bid by the acquisition vehicle or otherwise), such Obligations
shall automatically be reassigned to the Lender Parties <I>pro rata</I> with their original interest in such Obligations and the equity
interests and/or debt instruments issued by any acquisition vehicle on account of such Obligations shall automatically be cancelled, without
the need for any Lender Party or any acquisition vehicle to take any further action. Notwithstanding that the ratable portion of the Obligations
of each Lender Party are deemed assigned to the acquisition vehicle or vehicles as set forth in clause (ii)&#8239;above, each Lender Party
shall execute such documents and provide such information regarding the Lender Party (and/or any designee of the Lender Party which will
receive interests in or debt instruments issued by such acquisition vehicle) as the Administrative Agent may reasonably request in connection
with the formation of any acquisition vehicle, the formulation or submission of any credit bid or the consummation of the transactions
contemplated by such credit bid.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;8.08&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Certain
ERISA Matters</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Lender (x)&#8239;represents and warrants, as of the date such Person became a Lender party hereto, to, and (y)&#8239;covenants, from the
date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative
Agent and not, for the avoidance of doubt, to or for the benefit of the Borrower or any other Loan Party, that at least one of the following
is and will be true:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;such
Lender is not using &ldquo;plan assets&rdquo; (within the meaning of Section&#8239;3(42) of ERISA or otherwise) of one or more Benefit
Plans with respect to such Lender&rsquo;s entrance into, participation in, administration of and performance of the Loans, the Letters
of Credit, the Commitments or this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent
qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts),
PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption
for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined
by in-house asset managers), is applicable with respect to such Lender&rsquo;s entrance into, participation in, administration of and
performance of the Loans, the Letters of Credit, the Commitments and this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;(A)&#8239;such
Lender is an investment fund managed by a &ldquo;Qualified Professional Asset Manager&rdquo; (within the meaning of Part&#8239;VI of PTE
84-14), (B)&#8239;such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate
in, administer and perform the Loans, the Letters of Credit, the Commitments and this Agreement, (C)&#8239;the entrance into, participation
in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement satisfies the requirements
of sub-sections (b)&#8239;through (g)&#8239;of Part&#8239;I of PTE 84-14 and (D)&#8239;to the best knowledge of such Lender, the requirements
of subsection (a)&#8239;of Part&#8239;I of PTE 84-14 are satisfied with respect to such Lender&rsquo;s entrance into, participation in,
administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;such
other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole discretion, and
such Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;In
addition, unless either (1)&#8239;sub-clause (i)&#8239;in the immediately preceding clause (a)&#8239;is true with respect to a Lender or
(2)&#8239;a Lender has provided another representation, warranty and covenant in accordance with sub-clause (iv)&#8239;in the immediately
preceding clause (a), such Lender further (x)&#8239;represents and warrants, as of the date such Person became a Lender party hereto, to,
and (y)&#8239;covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto,
for the benefit of, the Administrative Agent and not, for the avoidance of doubt, to or for the benefit of the Borrower or any other Loan
Party, that the Administrative Agent is not a fiduciary with respect to the assets of such Lender involved in such Lender&rsquo;s entrance
into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement (including
in connection with the reservation or exercise of any rights by the Administrative Agent under this Agreement, any Loan Document or any
documents related hereto or thereto).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;8.09&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>UK
Security Agreements</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Notwithstanding
any other provision of this Agreement, each Lender, each Issuing Bank, the Administrative Agent on behalf of itself and its Affiliates
as potential counterparties to Swap Agreements and Banking Services Obligations irrevocably appoints the Administrative Agent to act as
its trustee under and in connection with each UK Security Agreement on the terms and conditions set out in any such UK Security Agreement
to hold the assets subject to the security thereby created as trustee for the Lender Parties on the trusts and other terms contained in
any such UK Security Agreement. Each of the Lender Parties authorizes the Administrative Agent to exercise the rights, remedies, power
and discretions, specifically given to the Administrative Agent under or in respect of the UK Security Agreements, together with any rights,
remedies, power and discretions, incidental thereto. In addition, when acting in the capacity of trustee for the Lender Parties, the Administrative
Agent shall have all the rights, remedies and benefits of and in favor of the Administrative Agent contained in this Article&#8239;VIII.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Any
reference in this Agreement to Liens stated to be in favor of the Administrative Agent shall be construed so as to include a reference
to Liens granted in favor of the Administrative Agent in its capacity as security trustee of the Lender Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Nothing
in this Article&#8239;VIII shall require the Administrative Agent to act as a trustee at common law or to hold any property on trust in
any jurisdiction outside the United States or the United Kingdom that may not operate under principles of trust or where such trust would
not be recognized or its effects would not be enforceable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;8.10&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>German
Security Agreements</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;In
relation to the German Security Agreements the following additional provisions shall apply:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
Administrative Agent, with respect to the Collateral being subject to the German Security Agreements or any other German Secured Obligation
created under the German Law, shall: (A)&#8239;hold, administer and realise such Collateral that is transferred or assigned by way of security
(<I>Sicherungseigentum/Sicherungsabtretung</I>) or otherwise granted to it and is creating or evidencing a non-accessory security right
(<I>nicht akzessorische Sicherheit</I>) in its own name as trustee (<I>Treuh&auml;nder</I>) for the benefit of the Lender Parties; and
(B)&#8239;hold, administer, and realise any such Collateral that is pledged (<I>verpf&auml;ndet</I>) or otherwise transferred to the Administrative
Agent and is creating or evidencing an accessory security right (<I>akzessorische Sicherheit</I>) as agent;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;with
respect to the Collateral being subject to the German Security Agreements, each Lender Party hereby authorizes and grants a power of attorney,
and each future Lender Party by becoming a party to this Agreement in accordance with Section&#8239;8.01 of this Agreement authorizes,
and grants a power of attorney (<I>Vollmacht</I>) to the Administrative Agent (whether or not by or through employees or agents) to: (A)&#8239;accept
as its representative (<I>Stellvertreter</I>) any pledge or other creation of any accessory security right granted in favor of such Lender
Party in connection with the German Security Agreements and to agree to and execute on its behalf as its representative (<I>Stellvertreter</I>)
any amendments and/or alterations to any German Security Agreements or any other agreement related to such Collateral which creates a
pledge or any other accessory security right (<I>akzessorische Sicherheit</I>) including the release or confirmation of release of such
security; (B)&#8239;execute on behalf of itself and the Lender Parties where relevant and without the need for any further referral to,
or authority from, the Lender Parties or any other person all necessary releases of any such Collateral being subject to the German Security
Agreements or any other agreement related to such Collateral; (C)&#8239;realize such Collateral in accordance with the German Security
Agreements or any other agreement securing such Collateral; (D)&#8239;make, receive all declarations and statements and undertake all other
necessary actions and measures which are necessary or desirable in connection with such Collateral or the German Security Agreements or
any other agreement securing the Collateral; (E)&#8239;take such action on its behalf as may from time to time be authorized under or in
accordance with the German Security Agreements; and (F)&#8239;exercise such rights, remedies, powers and discretions as are specifically
delegated to or conferred upon the Lender Parties under the German Security Agreements together with such powers and discretions as are
reasonably incidental thereto;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;each
of the Lender Parties agrees that, if the courts of Germany do not recognize or give effect to the trust expressed to be created by this
Agreement or any German Security Agreement, the relationship of the Lender Parties to the Administrative Agent shall be construed as one
of principal and agent but, to the extent permissible under the laws of Germany, all the other provisions of this Agreement shall have
full force and effect between the parties hereto;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;each
Lender Party hereby ratifies and approves, and each future Lender Party by becoming a party to this Agreement in accordance with Section&#8239;8.01
of this Agreement ratifies and approves, all acts and declarations previously done by the Administrative Agent on such person&rsquo;s
behalf (including for the avoidance of doubt the declarations made by the Administrative Agent as representative without power of attorney
(<I>Vertreter ohne Vertretungsmacht</I>) in relation to the creation of any pledge (<I>Pfandrecht</I>) on behalf and for the benefit of
each Lender Party as future pledgee or otherwise); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;for
the purpose of performing its rights and obligations as Administrative Agent and to make use of any authorization granted under the German
Security Agreements, each Lender Party hereby authorizes, and each future Lender Party by becoming a party to this Agreement in accordance
with Section&#8239;8.01 of this Agreement authorizes, the Administrative Agent to act as its agent (<I>Stellvertreter</I>), and, to the
extent possible, releases the Administrative Agent from any restrictions on representing several persons and self-dealing under any applicable
law, and in particular from the restrictions of Section&#8239;181 of the German Civil Code (<I>B&uuml;rgerliches Gesetzbuch</I>). The Administrative
Agent has the power to grant sub-power of attorney, including the release from the restrictions of section 181 of the German Civil Code
(<I>B&uuml;rgerliches Gesetzbuch</I>).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Parallel
Debt</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Loan Party hereby irrevocably and unconditionally undertakes (and to the extent necessary undertakes in advance) to pay to the Administrative
Agent amounts equal to any amounts owing from time to time by such Loan Party to any Lender Party under this Agreement and any other Loan
Document pursuant to any Secured Obligations as and when those amounts are due under any Loan Document (such payment undertakings under
this Section&#8239;8.10(b)&#8239;and the obligations and liabilities resulting therefrom being the &ldquo;<U>Parallel Debt</U>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
Administrative Agent shall have its own independent right to demand payment of the Parallel Debt by the Loan Party. Each Loan Party and
the Administrative Agent acknowledge that the obligations of each Loan Party under Section&#8239;5.06 are several, separate and independent
(<I>selbst&auml;ndiges Schuldanerkenntnis</I>) from, and shall not in any way limit or affect, the corresponding obligations of each Loan
Party to any Lender Party under this Agreement or any other Loan Document (the &ldquo;<U>Corresponding Debt</U>&rdquo;) nor shall the
amounts for which each Loan Party are liable under this Section&#8239;8.10(b)&#8239;be limited or affected in any way by its Corresponding
Debt provided that: (A)&#8239;the Parallel Debt shall be decreased to the extent that the Corresponding Debt has been irrevocably paid
or discharged (other than, in each case, contingent obligations); (B)&#8239;the Corresponding Debt shall be decreased to the extent that
the Parallel Debt has been irrevocably paid or discharged; (C)&#8239;the amount of the Parallel Debt shall at all times be equal to the
amount of the Corresponding Debt; (D)&#8239;the Parallel Debt will be payable in the currency or currencies of the Corresponding Debt;
and (E)&#8239;for the avoidance of doubt, the Parallel Debt will become due and payable at the same time when the Corresponding Debt becomes
due and payable;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
security granted under any German Security Agreement with respect to the Parallel Debt is granted to the Administrative Agent in its capacity
as sole creditor of the Parallel Debt;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;without
limiting or affecting the Administrative Agent&rsquo;s rights against any Loan Party (whether under this Agreement or any other Loan Document),
each Loan Party acknowledges that: (A)&#8239;in this Agreement shall impose any obligation on the Administrative Agent to advance any sum
to any Loan Party or otherwise under any Loan Document; and (B)&#8239;for the purpose of any vote taken under any Loan Document, the Administrative
Agent shall not be regarded as having any participation or commitment other that those which it has in its capacity as a Lender;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
Parties to this Agreement acknowledge and confirm that the provisions contained in this Agreement shall not be interpreted so as to increase
the maximum total amount of the Obligations;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
Parallel Debt shall remain effective in case a third person should assume or be entitled, partially or in whole, to any rights of any
of the Lender Parties under any Loan Documents, be it by virtue of assignment, assumption or otherwise; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(vii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;all
monies received or recovered by the Administrative Agent pursuant to this Agreement and all amounts received or recovered by the Administrative
Agent from or by the enforcement of any security granted to secure the Parallel Debt shall be applied in accordance with this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;8.11&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Swiss
Security Agreements</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;In
relation to Collateral which is subject to a Swiss Security Agreement, the Administrative Agent shall:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;hold
and administer any such non-accessory Collateral (<I>nicht-akzessorische Sicherheit</I>), governed by Swiss law as fiduciary (<I>treuh&auml;nderisch</I>)
in its own name but for the benefit of the Lender Parties; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;hold
and administer any accessory Collateral (<I>akzessorische Sicherheit</I>) governed by Swiss law as direct representative (<I>direkter
Stellvertreter</I>) in the name and on behalf of the Lender Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Lender Party (other than the Administrative Agent) hereby appoints the Administrative Agent as its direct representative (direkter Stellvertreter)
and authorizes the Administrative Agent (whether or not by or through employees or agents) to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;exercise
such rights, remedies, powers and discretions as are specifically delegated to or conferred upon the Administrative Agent under the relevant
Swiss Security Agreements together with such powers and discretions as are reasonably incidental thereto;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;take
such action on its behalf as may from time to time be authorized under or in accordance with the relevant Swiss Security Agreements; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;accept,
enter into and execute as its direct representative (<I>direkter Stellvertreter</I>) any pledge or other creation of any accessory security
right granted in favor of such Lender Party in connection with the Loan Documents under Swiss law and to agree to and execute in its name
and on its behalf as its direct representative (<I>direkter Stellvertreter</I>) any amendments, confirmations and/or alterations to any
Swiss Security Agreement which creates a pledge or any other accessory security right (<I>akzessorische Sicherheit</I>)including the release
or confirmation of release of such Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;8.12&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>French
Security Agreements</U><FONT STYLE="background-color: white">. The Lender Parties hereby irrevocably appoint the Administrative Agent
as French collateral agent (the &ldquo;<U>French Collateral Agent</U>&rdquo;) to create, register, manage and enforce on their behalf,
under the denomination of <I>Agent des S&ucirc;ret&eacute;s</I>, the security interests constituted by the French Security Agreements
of the French Borrowers in accordance with Article&#8239;2488-6 <I>et. seq.</I> of the French Civil Code (<I>objet de sa mission</I>),
as amended from time to time on the terms of the relevant Loan Documents and French Security Agreements, and until the discharge date
of the relevant Loan Documents or French Security Agreements (<I>dur&eacute;e de sa mission</I>), and the Administrative Agent accepts
that appointment as French Collateral Agent. Each Lender Party agrees that (a)&#8239;the Administrative Agent may from time to time designate
such branches or affiliates of the Administrative Agent to perform the role of French Collateral Agent instead of the Administrative Agent
provided that (i)&#8239;such designation expressly states that the designated branch or affiliate of the Administrative Agent shall be
vested with the powers of the French Collateral Agent in Section&#8239;8.12, (ii)&#8239;the designated branch or affiliate accepts in writing
such designation and its appointment as French Collateral Agent and (iii)&#8239;such designation is acknowledged by the then existing French
Collateral Agent, the Borrower Representative and each French Borrower, and (b)&#8239;upon a branch or affiliate of the Administrative
Agent accepting such designation and its appointment as French Collateral Agent, the designation and appointment of any other branch or
affiliate as French Collateral Agent then existing (if any) shall immediately terminate.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>ARTICLE&#8239;IX</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Miscellaneous</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;9.01&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Notices</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Except
in the case of notices and other communications expressly permitted to be given by telephone or Electronic Systems (and subject to paragraph
(b)&#8239;of this Section), all notices and other communications provided for herein and in the other Loan Documents shall be in writing
and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by electronic transmission,
as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;if
to any Loan Party, to the Borrower Representative at:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.75in">Fossil Group,&#8239;Inc.<BR>
c/o Fossil Group,&#8239;Inc. (if to another Loan Party)<BR>
901 S. Central Expressway<BR>
Richardson, Texas 75080<BR>
Attention: Randy S. Hyne,&#8239;Esq.<BR>
Facsimile No: 972-498-9615<BR>
Email: randyh@fossil.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.75in">And in each case, with a copy to (which shall not constitute
notice):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.75in">Akin Gump Strauss Hauer&#8239;&amp; Feld LLP<BR>
<FONT STYLE="color: red"><STRIKE>1111 Louisiana St., 44th Floor</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>2300
N. Field Street, Suite&#8239;1800</U></FONT><BR>
<FONT STYLE="color: red"><STRIKE>Houston</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Dallas</U></FONT>,
Texas <FONT STYLE="color: red"><STRIKE>77002-5200</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>75201</U></FONT><BR>
Attention: <FONT STYLE="color: red"><STRIKE>Phyllis Y. Young</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Alan
L. Laves</U></FONT><BR>
Facsimile No.: <FONT STYLE="color: red"><STRIKE>713-236-0822</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>214-969-4343</U></FONT><BR>
Email: <FONT STYLE="color: red"><STRIKE>pyoung</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>alaves</U></FONT>@akingump.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;if
to the Administrative Agent, JPMCB in its capacity as an Issuing Bank or the Swingline Lender, to JPMorgan Chase Bank, N.A. at:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.75in">JPMorgan Chase Bank, N.A.<BR>
10 S Dearborn (LL2)<BR>
Chicago,&#8239;IL 60603<BR>
Attention: Elizabeth Cruz<BR>
Telephone: 312-954-3006<BR>
Email: elizabeth.cruz@chase.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.75in">And, in connection with the European Facility, French Facility
or Hong Kong Facility, with a copy to JPMorgan Chase Bank N.A., London Branch at:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.75in">JPMorgan Chase Bank N.A., London Branch<BR>
25 Bank Street<BR>
London, UK E14 5JP<BR>
Facsimile No: +44 (0)20 7777 2360<BR>
Email: <FONT STYLE="color: blue"><U STYLE="border-bottom:.5pt double; padding-bottom:.5pt ">loan_and_agency_london@jpmorgan.com</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.75in">And in each case, with a copy to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.75in">Cahill Gordon&#8239;&amp; Reindel <FONT STYLE="font-variant: small-caps">llp<BR>
</FONT><FONT STYLE="color: red"><STRIKE>80 Pine Street</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>32 Old
Slip</U></FONT><BR>
New York, New York 10005<BR>
Attention: Jennifer B. Ezring<BR>
Facsimile No: (212) 378-2415<BR>
Email: jezring@cahill.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;if
to any other Issuing Bank, to it at its address or electronic transmission address most recently specified by it in a notice delivered
to the Administrative Agent and the Borrower Representative; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Split-Segment; Name: 9 -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;if
to any other Lender, to it at its address or electronic transmission address set forth in its Administrative Questionnaire.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">All such notices and other communications (i)&#8239;sent by hand or
overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received, (ii)&#8239;sent
by electronic transmission shall be deemed to have been given when sent (or, if not given during normal business hours for the recipient,
at the opening of business on the next Business Day for the recipient) and (iii)&#8239;delivered through Electronic Systems or Approved
Electronic Platforms, as applicable, to the extent provided in paragraph (b)&#8239;of this Section&#8239;shall be effective as provided
in such paragraph.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Notices
and other communications to the Lenders and Issuing Banks under the Loan Documents may be delivered or furnished by Electronic Systems
or Approved Electronic Platforms, as applicable, pursuant to procedures approved by the Administrative Agent; <U>provided</U> that the
foregoing shall not apply to notices under Article&#8239;II to any Lender or Issuing Bank if such Lender or Issuing Bank, as applicable,
has notified the Administrative Agent that it is incapable of receiving notices under such Article&#8239;by electronic communication. The
Administrative Agent or the Borrower Representative (on behalf of the Loan Parties) may, in its discretion, agree to accept notices and
other communications to it under the Loan Documents by Electronic Systems or Approved Electronic Platforms, as applicable, pursuant to
procedures approved by it; <U>provided</U> that approval of such procedures may be limited to particular notices or communications. All
such notices and other communications (i)&#8239;sent to an e-mail address shall be deemed received upon the sender&rsquo;s receipt of an
acknowledgement from the intended recipient (such as by return e-mail or other written acknowledgement), <U>provided</U> that if not given
during the normal business hours of the recipient, such notice or communication shall be deemed to have been given at the opening of business
on the next Business Day for the recipient, and (ii)&#8239;posted to an Internet or intranet website shall be deemed received upon the
deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (b)(i)&#8239;of notification that such
notice or communication is available and identifying the website address therefor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Any
party hereto may change its address or electronic transmission address for notices and other communications under the Loan Documents by
notice to the other parties hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Borrowers agree that the Administrative Agent may, but shall not be obligated to, make any Communications available to the Lenders and
the Issuing Bank by posting the Communications on IntraLinks<SUP>TM</SUP>, DebtDomain, SyndTrak, ClearPar or any other electronic system
chosen by the Administrative Agent to be its electronic transmission system (the &ldquo;<U>Approved Electronic Platform</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Although
the Approved Electronic Platform and its primary web portal are secured with generally-applicable security procedures and policies implemented
or modified by the Administrative Agent from time to time (including, as of the Effective Date, a user ID/password authorization system)
and the Approved Electronic Platform is secured through a per-deal authorization method whereby each user may access the Approved Electronic
Platform only on a deal-by-deal basis, each of the Lenders, the Issuing Bank and each Borrower acknowledges and agrees that the distribution
of material through an electronic medium is not necessarily secure, that the Administrative Agent is not responsible for approving or
vetting the representatives or contacts of any Lender that are added to the Approved Electronic Platform, and that there are confidentiality
and other risks associated with such distribution. Each of the Lenders, the Issuing Bank and each Borrower hereby approves distribution
of the Communications through the Approved Electronic Platform and understands and assumes the risks of such distribution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;THE
APPROVED ELECTRONIC PLATFORM&#8239;AND THE COMMUNICATIONS ARE PROVIDED &ldquo;AS IS&rdquo; AND &ldquo;AS AVAILABLE.&rdquo; THE APPLICABLE
PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE COMMUNICATIONS, OR THE ADEQUACY OF THE APPROVED ELECTRONIC
PLATFORM&#8239;AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS OR OMISSIONS IN THE APPROVED ELECTRONIC PLATFORM&#8239;AND THE COMMUNICATIONS.
NO WARRANTY OF ANY KIND, EXPRESS,&#8239;IMPLIED OR STATUTORY,&#8239;INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR
PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS,&#8239;IS MADE BY THE APPLICABLE PARTIES
IN CONNECTION WITH THE COMMUNICATIONS OR THE APPROVED ELECTRONIC PLATFORM. IN NO EVENT SHALL THE ADMINISTRATIVE AGENT, ANY ARRANGER, ANY
OTHER AGENT OR ANY OF THEIR RESPECTIVE RELATED PARTIES (COLLECTIVELY, &ldquo;<U>APPLICABLE PARTIES</U>&rdquo;) HAVE ANY LIABILITY TO ANY
LOAN PARTY, ANY LENDER, ANY ISSUING BANK OR ANY OTHER PERSON OR ENTITY FOR DAMAGES OF ANY KIND,&#8239;INCLUDING DIRECT OR INDIRECT, SPECIAL,&#8239;INCIDENTAL
OR CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES (WHETHER IN TORT, CONTRACT OR OTHERWISE) ARISING OUT OF ANY LOAN PARTY&rsquo;S OR THE ADMINISTRATIVE
AGENT&rsquo;S TRANSMISSION OF COMMUNICATIONS THROUGH THE INTERNET OR THE APPROVED ELECTRONIC PLATFORM.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Lender and Issuing Bank agrees that notice to it (as provided in the next sentence) specifying that Communications have been posted to
the Approved Electronic Platform shall constitute effective delivery of the Communications to such Lender for purposes of the Loan Documents.
Each Lender and Issuing Bank agrees (i)&#8239;to notify the Administrative Agent in writing (which could be in the form of electronic communication)
from time to time of such Lender&rsquo;s or Issuing Bank&rsquo;s (as applicable) email address to which the foregoing notice may be sent
by electronic transmission and (ii)&#8239;that the foregoing notice may be sent to such email address.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
of the Lenders,&#8239;Issuing Bank and each Borrower agrees that the Administrative Agent may, but (except as may be required by applicable
law) shall not be obligated to, store the Communications on the Approved Electronic Platform in accordance with the Administrative Agent&rsquo;s
generally applicable document retention procedures and policies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Nothing
herein shall prejudice the right of the Administrative Agent, any Lender or Issuing Bank to give any notice or other communication pursuant
to any Loan Document in any other manner specified in such Loan Document.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;9.02&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Waivers;
Amendments</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;No
failure or delay by the Administrative Agent, any Issuing Bank or any Lender in exercising any right or power hereunder or under any other
Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment
or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other
right or power. The rights and remedies of the Administrative Agent, the Issuing Banks and the Lenders hereunder and under any other Loan
Document are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of
any Loan Document or consent to any departure by any Loan Party therefrom shall in any event be effective unless the same shall be permitted
by paragraph (b)&#8239;of this Section, and then such waiver or consent shall be effective only in the specific instance and for the specific
purpose for which given. Without limiting the generality of the foregoing, the making of a Loan or issuance of a Letter of Credit shall
not be construed as a waiver of any Default, regardless of whether the Administrative Agent, any Lender or any Issuing Bank may have had
notice or knowledge of such Default at the time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Except
as provided in Sections 2.09(e), 5.16, 9.02(f)&#8239;and 9.18 (and, except as specifically provided in any Loan Document with respect to
the Schedules thereto), and except for the execution and delivery of the Joinder Agreements, and subject to Section&#8239;2.14(c), none
of this Agreement, any other Loan Document or any provision hereof or thereof may be waived, amended or modified except (i)&#8239;in the
case of this Agreement, pursuant to an agreement or agreements in writing entered into by the Borrowers and the Required Lenders or (ii)&#8239;in
the case of any other Loan Document, pursuant to an agreement or agreements in writing entered into by the Administrative Agent (if a
party to the original agreement) and the Loan Party or Loan Parties that are parties thereto, with the consent of the Required Lenders;
<U>provided</U> that (A)&#8239;any provision of this Agreement or any other Loan Document may be amended by an agreement in writing entered
into by the Borrowers and the Administrative Agent to cure any obvious error, technical error, ambiguity, omission, error or omission
that is immaterial in nature, defect or inconsistency so long as, in each case, the Lenders shall have received at least five Business
Days&rsquo; prior written notice thereof and the Administrative Agent shall not have received, within five Business Days of the date of
such notice to the Lenders, a written notice from the Required Lenders stating that the Required Lenders object to such amendment and
(B)&#8239;no such agreement shall (1)&#8239;increase the Revolving Commitment of any Lender without the written consent of such Lender (<U>provided</U>
that the Administrative Agent may make Protective Advances and Overadvances as set forth in Section&#8239;2.04 or 2.05, as applicable),
(2)&#8239;reduce or forgive the principal amount of any Loan or LC Disbursement or reduce the rate of interest thereon, or reduce or forgive
any interest or fees payable hereunder, without the written consent of each Lender directly affected thereby, (3)&#8239;postpone any scheduled
date of payment of the principal amount of any Loan or LC Disbursement, or any date for the payment of any interest, fees or other Obligations
payable hereunder, or reduce the amount of, waive or excuse any such payment, or postpone the scheduled date of expiration of any Revolving
Commitment, without the written consent of each Lender directly affected thereby, (4)&#8239;change Section&#8239;2.18(b)&#8239;or 2.18(d)&#8239;in
a manner that would alter the manner in which payments are shared, without the written consent of each Lender, (5)&#8239;(x)&#8239;increase
the advance rates set forth in the definition of &ldquo;U.S. Borrowing Base,&rdquo; &ldquo;Canadian Borrowing Base,&rdquo; &ldquo;European
Borrowing Base,&rdquo; &ldquo;French Borrowing Base,&rdquo; &ldquo;German Borrowing Base,&rdquo; &ldquo;Hong Kong Borrowing Base,&rdquo;
 &ldquo;Swiss Borrowing Base&rdquo; or &ldquo;UK Borrowing Base,&rdquo; (y)&#8239;add new categories of eligible assets or (z)&#8239;modify
the definition of &ldquo;Eligible Accounts,&rdquo; &ldquo;Eligible Credit Card Accounts Receivable&rdquo; <FONT STYLE="color: red"><STRIKE>or</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>,</U></FONT>
 &ldquo;Eligible Finished Goods Inventory<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>&rdquo; or &ldquo;Eligible Intellectual
Property</U></FONT>&rdquo; or any of the defined terms that are used in such definitions to the extent that any such change results in
more credit being made available to the Borrowers based upon the Borrowing Base, but not otherwise, in each case without the written consent
of each Lender, (6)&#8239;change any of the provisions of this Section&#8239;or the percentage set forth in the definition of the term &ldquo;Required
Lenders&rdquo; or any other provision of any Loan Document specifying the number or percentage of Lenders required to waive, amend or
modify any rights thereunder or make any determination or grant any consent thereunder, without the written consent of each Lender, (7)&#8239;change
Section&#8239;2.20 without the consent of each Lender (other than any Defaulting Lender) adversely affected thereby, (8)&#8239;release all
or substantially all of the value of the Loan Guarantee (except as otherwise permitted herein or in the other Loan Documents), without
the written consent of each Lender, (9)&#8239;except as provided in paragraph (c)&#8239;of this Section&#8239;or in any Collateral Document,
<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(x)&#8239;</U></FONT>release all or substantially all of the Collateral<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>,
(y)&#8239;except as provided in Section&#8239;9.18, subordinate, or have the effect of subordinating, the Liens securing the Secured Obligations
on all or substantially all of the Collateral to Liens securing any other Indebtedness or other obligation or (z)&#8239;except as provided
in Section&#8239;9.18(b), modify the definition of the term &ldquo;ABL Priority Collateral&rdquo; herein or in the Intercreditor Agreement
in a manner that would result in the removal of Collateral otherwise constituting ABL Priority Collateral therefrom, in each case,</U></FONT>
without the written consent of each Lender, (10)&#8239;increase the aggregate amount of the Canadian Commitments, the aggregate amount
of the French Commitments, the aggregate amount of the European Commitments, the aggregate amount of the Hong Kong Commitments or the
aggregate amount of the U.S. Commitments, in each case, without the written consent of each Lender or (11) increase the percentage referenced
in the proviso to the definition of &ldquo;Aggregate Borrowing Base&rdquo; without the written consent of each Lender; <U>provided</U>,
<U>further</U>, that no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent, any Issuing
Bank or the Swingline Lender hereunder or under any other Loan Document without the prior written consent of the Administrative Agent,
such Issuing Bank or the Swingline Lender, as the case may be (it being understood that any change to Section&#8239;2.20 shall require
the consent of the Administrative Agent, the Swingline Lender and each Issuing Bank); <U>provided</U>, <U>further</U>, that no such agreement
shall amend or modify the provisions of Section&#8239;2.06 or any letter of credit application and any bilateral agreement between the
Borrower Representative and an Issuing Bank regarding the respective rights and obligations between the applicable Borrower and such Issuing
Bank in connection with the issuance of Letters of Credit without the prior written consent of the Administrative Agent and the applicable
Issuing Bank, respectively. Notwithstanding any of the foregoing, this Agreement may be amended without any additional consents to provide
for increased Revolving Commitments in the manner contemplated by Section&#8239;2.09.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Lenders and the Issuing Banks hereby irrevocably authorize the Administrative Agent, upon the request of the Company<FONT STYLE="color: red"><STRIKE>,
</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>:</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
release any Liens granted to the Administrative Agent by the Loan Parties on any Collateral (A)&#8239;upon the termination of all the Commitments,
payment and satisfaction in full in cash of all Obligations (other than Unliquidated Obligations) and the cash collateralization of all
Unliquidated Obligations in respect of Letters of Credit in a manner satisfactory to each applicable Issuing Bank and the Administrative
Agent, (B)&#8239;constituting property being sold or disposed of to a Person that is not a Loan Party if the Loan Party disposing of such
property certifies to the Administrative Agent that the sale or disposition is made in compliance with the terms of this Agreement (and
the Administrative Agent may rely conclusively on any such certificate, without further inquiry), and to the extent that the property
being sold or disposed of constitutes 100% of the Equity Interest of a Subsidiary, the Administrative Agent is authorized to release any
Loan Guarantee provided by such Subsidiary, (C)&#8239;constituting property leased to a Loan Party under a lease which has expired or been
terminated in a transaction not prohibited under this Agreement, (D)&#8239;as required to effect any sale or other disposition of such
Collateral in connection with any exercise of remedies of the Administrative Agent and the Lenders pursuant to Article&#8239;VII and (E)&#8239;constituting
property of a Loan Party that is being released as a Guarantor (and, in the case of a U.S. Subsidiary Borrower, as a U.S. Subsidiary Borrower)
as provided below <FONT STYLE="color: red"><STRIKE>and </STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>;</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(ii)</U></FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;(ii)&#8239;to
release any Loan Guarantee provided by any U.S. Subsidiary Borrower, U.S. Guarantor or Foreign Loan Party (A)&#8239;that is dissolved pursuant
to Section&#8239;6.03(a)(iv)&#8239;in connection with a voluntary liquidation or dissolution thereof permitted by such Section, (B)&#8239;that
is no longer a Subsidiary of the Company as a result of the disposition of all of the outstanding Equity Interests of such Subsidiary
of the Company (other than a Borrower) (or the direct or indirect parent of such Subsidiary) to a Person other than the Company or a Restricted
Subsidiary in a transaction permitted by Section&#8239;6.05, or (C)&#8239;upon the designation of such Subsidiary as an Unrestricted Subsidiary
in compliance with Section&#8239;5.17 and, in connection therewith, to release any Liens granted to the Administrative Agent by such Subsidiary
on any Collateral, if the Company certifies to the Administrative Agent that such liquidation or dissolution, disposition or designation
is made in compliance with the terms of this Agreement (and the Administrative Agent may rely conclusively on any such certificate, without
further inquiry). The Lenders and the Issuing Banks hereby further irrevocably authorize the release of Liens on the Term Priority Collateral
as provided in the Intercreditor Agreement. Except as provided above and in paragraphs (b)&#8239;and (e)&#8239;of this Section, the Administrative
Agent will not release any Liens on Collateral without the prior written authorization of the Required Lenders<FONT STYLE="color: red"><STRIKE>.</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>;
and</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(iii)</U></FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>to
subordinate any Lien on any property granted to or held by the Administrative Agent under any Loan Document to the holder of any Lien
on such property that is permitted by Section&#8239;6.02(e).</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Any
such release shall not in any manner discharge, affect, or impair the Obligations or any Liens (other than those expressly being released)
upon (or obligations of the Loan Parties in respect of) all interests retained by the Loan Parties, including the proceeds of any sale,
all of which shall continue to constitute part of the Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If,
in connection with any proposed amendment, waiver or consent requiring the consent of &ldquo;each Lender&rdquo; or &ldquo;each Lender
affected thereby,&rdquo; the consents of Lenders having Credit Exposure and unused Revolving Commitments representing more than 66% of
the sum of the total Credit Exposure and unused Revolving Commitments at such time are obtained, but the consents of other necessary Lenders
are not obtained (any such Lender whose consent is necessary but not obtained being referred to herein as a &ldquo;<U>Non-Consenting Lender</U>&rdquo;),
then the Borrower Representative may elect to replace any Non-Consenting Lender as a Lender party to this Agreement; <U>provided</U> that,
concurrently with such replacement, (i)&#8239;an Eligible Assignee which is reasonably satisfactory to the Borrower Representative and
the Administrative Agent shall agree, as of such date, to purchase for cash the Loans and other Obligations due to the Non-Consenting
Lender pursuant to an Assignment and Assumption and to become a Lender for all purposes under this Agreement and to assume all obligations
of the Non-Consenting Lender to be terminated as of such date and to comply with the requirements of paragraph (b)&#8239;of Section&#8239;9.04,
and (ii)&#8239;the applicable Borrower(s)&#8239;shall pay to such Non-Consenting Lender in same day funds on the day of such replacement
(A)&#8239;all interest, fees and other amounts then accrued but unpaid to such Non-Consenting Lender by such Borrowers hereunder to and
including the date of termination, including without limitation payments due to such Non-Consenting Lender under Sections 2.15 and 2.17,
and (B)&#8239;an amount, if any, equal to the payment which would have been due to such Lender on the day of such replacement under Section&#8239;2.16
had the Loans of such Non-Consenting Lender been prepaid on such date rather than sold to the replacement Lender. Each party hereto agrees
that an assignment required pursuant to this paragraph may be effected pursuant to an Assignment and Assumption executed by the Borrower
Representative, the Administrative Agent and the assignee (or, to the extent applicable, an agreement incorporating an Assignment and
Assumption by reference pursuant to an Approved Electronic Platform as to which the Administrative Agent and such parties are participants),
and (b)&#8239;the Lender required to make such assignment need not be a party thereto in order for such assignment to be effective and
shall be deemed to have consented to and be bound by the terms thereof; <U>provided</U> that, following the effectiveness of any such
assignment, the other parties to such assignment agree to execute and deliver such documents necessary to evidence such assignment as
reasonably requested by the applicable Lender, <U>provided</U> that any such documents shall be without recourse to or warranty by the
parties thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Notwithstanding
anything herein to the contrary, the Administrative Agent may, without the consent of any Lender Party, consent to a departure by any
Loan Party from any covenant of such Loan Party set forth in this Agreement or in any Collateral Document to the extent such departure
is consistent with the authority of the Administrative Agent set forth in the definition of the term &ldquo;Collateral and Guarantee Requirement.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;9.03&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Expenses;
Indemnity; Damage Waiver</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Company shall pay (i)&#8239;all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent, the Arrangers and
their respective Affiliates, including the reasonable and documented fees, charges and disbursements of one primary U.S. counsel for the
Administrative Agent, the Arrangers and their Affiliates, and if deemed reasonably necessary by the Administrative Agent, one local counsel
in each applicable jurisdiction (which may include a single firm of counsel acting in multiple jurisdictions), in connection with the
syndication and distribution (including, without limitation, via the internet or through any Electronic System or Approved Electronic
Platform) of the credit facility provided for herein, the preparation and administration of the Loan Documents or any amendments, modifications
or waivers of the provisions of the Loan Documents (whether or not the transactions contemplated hereby or thereby shall be consummated),
(ii)&#8239;all reasonable and documented out-of-pocket expenses incurred by each Issuing Bank in connection with the issuance, amendment,
renewal or extension of any Letter of Credit or any demand for payment thereunder and (iii)&#8239;all reasonable and documented out-of-pocket
expenses incurred by the Administrative Agent, any Arranger, any Issuing Bank or any Lender, including the fees, charges and disbursements
of any counsel for the Administrative Agent, any Arranger, any Issuing Bank or any Lender, in connection with the enforcement, collection
or protection of its rights in connection with the Loan Documents, including its rights under this Section, or in connection with the
Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring
or negotiations in respect of such Loans or Letters of Credit. Subject to the provisions of Sections 5.09, 5.12 and 5.13, expenses subject
to reimbursement by the Borrowers under this Section&#8239;include, without limiting the generality of the foregoing, reasonable and documented
out-of-pocket costs and expenses incurred in connection with:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;appraisals
and insurance reviews;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;field
examinations and the preparation of Reports based on the fees charged by a third party retained by the Administrative Agent or the internally
allocated fees for each Person employed by the Administrative Agent with respect to each field examination;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;fees
and other charges for (A)&#8239;lien searches and (B)&#8239;filing financing statements and continuations, and other actions to perfect,
protect, and continue the Administrative Agent&rsquo;s Liens;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;sums
paid or incurred to take any action required of any Loan Party under the Loan Documents that such Loan Party fails to pay or take; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;forwarding
loan proceeds, collecting checks and other items of payment, and establishing and maintaining the accounts and lock boxes, and costs and
expenses of preserving and protecting the Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">All of the foregoing costs and expenses may be charged to the applicable
Borrower(s)&#8239;as Revolving Loans or to another deposit account, all as described in Section&#8239;2.18(c).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Company shall indemnify the Administrative Agent (or any sub-agent thereof), the Arrangers, <FONT STYLE="color: red"><STRIKE>the Co-Syndication
Agents</STRIKE></FONT><FONT STYLE="color: blue; border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>each
other Agent</U></FONT>, each Issuing Bank and each Lender, and each Related Party of any of the foregoing Persons (each such Person being
called an &ldquo;<U>Indemnitee</U>&rdquo;), against, and hold each Indemnitee harmless from, any and all losses, claims, damages, penalties,
liabilities and related expenses, including the reasonable fees, charges and disbursements of any counsel for any Indemnitee, incurred
by or asserted against any Indemnitee arising out of, in connection with, or as a result of (i)&#8239;the execution or delivery of the
Loan Documents or any agreement or instrument contemplated thereby, the performance by the parties hereto of their respective obligations
thereunder or the consummation of the Transactions or any other transactions contemplated hereby, (ii)&#8239;any Loan or Letter of Credit
or the use of the proceeds therefrom (including any refusal by an Issuing Bank to honor a demand for payment under a Letter of Credit
if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii)&#8239;any
actual or alleged presence or Release of Hazardous Materials on at, under, to or from any property currently or formerly owned or operated
by the any Loan Party or any of the Subsidiaries, or any other Environmental Liability related in any way to any Loan Party or any of
the Subsidiaries, or (iv)&#8239;any actual or prospective claim, litigation, investigation, arbitration or proceeding relating to any
of the foregoing, whether based on contract, tort or any other theory and regardless of whether such proceeding is initiated against
or by any party to this Agreement, or any Affiliate thereof, by an Indemnitee or any third party or whether any Indemnitee is a party
thereto; <U>provided</U> that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages,
penalties, liabilities or related expenses are determined by a court of competent jurisdiction by a final and non-appealable judgment
to have resulted from the bad faith, gross negligence or willful misconduct of such Indemnitee. This Section&#8239;9.03(b)&#8239;shall
not apply to any Taxes (other than Other Taxes or any Taxes that represent losses, claims, damages or related expenses arising from any
non-Tax claim).</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Lender severally agrees to pay any amount required to be paid by any Loan Party under paragraph (a)&#8239;or (b)&#8239;of this Section&#8239;9.03
to the Administrative Agent, each Issuing Bank and the Swingline Lender, and each Related Party of any of the foregoing Persons (each,
an &ldquo;<U>Agent Indemnitee</U>&rdquo;) (to the extent not reimbursed by a Loan Party and without limiting the obligation of any Loan
Party to do so), ratably according to their respective Applicable Percentage in effect on the date on which indemnification is sought
under this Section&#8239;(or, if indemnification is sought after the date upon which the Commitments shall have terminated and the Loans
shall have been paid in full, ratably in accordance with such Applicable Percentage immediately prior to such date), from and against
any and all losses, claims, damages, liabilities and related expenses, including the fees, charges and disbursements of any kind whatsoever
that may at any time (whether before or after the payment of the Loans) be imposed on, incurred by or asserted against such Agent Indemnitee
in any way relating to or arising out of the Commitments, this Agreement, any of the other Loan Documents or any documents contemplated
by or referred to herein or therein or the transactions contemplated hereby or thereby or any action taken or omitted by such Agent Indemnitee
under or in connection with any of the foregoing; <U>provided</U> that the unreimbursed expense or indemnified loss, claim, damage, liability
or related expense, as the case may be, was incurred by or asserted against such Agent Indemnitee in its capacity as such; <U>provided</U>,
<U>further</U>, that no Lender shall be liable for the payment of any portion of such liabilities, obligations, losses, damages, penalties,
actions, judgments, suits, costs, expenses or disbursements that are found by a final and nonappealable decision of a court of competent
jurisdiction to have resulted from such Agent Indemnitee&rsquo;s gross negligence or willful misconduct. The agreements in this Section&#8239;shall
survive the termination of this Agreement and the payment in full of the Secured Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;To
the extent permitted by applicable law, no Loan Party shall assert, and each hereby waives, any claim against any Indemnitee (i)&#8239;for
any damages arising from the use by others of information or other materials obtained through telecommunications, electronic or other
information transmission systems (including the Internet) or (ii)&#8239;on any theory of liability, for special, indirect, consequential
or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any
other Loan Document, or any agreement or instrument contemplated hereby or thereby, the Transactions, any Loan or Letter of Credit or
the use of the proceeds thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;All
amounts due under this Section&#8239;shall be payable not later than 10 days after written demand therefor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;9.04&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Successors
and Assigns</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns permitted hereby (including any Affiliate of any Issuing Bank that issues any Letter of Credit), except that (i)&#8239;no Borrower
may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of each Lender (and any
attempted assignment or transfer by a Borrower without such consent shall be null and void) and (ii)&#8239;no Lender may assign or otherwise
transfer its rights or obligations hereunder except in accordance with this Section. Nothing in this Agreement, expressed or implied,
shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby
(including any Affiliate of any Issuing Bank that issues any Letter of Credit), Participants (to the extent provided in paragraph (c)&#8239;of
this Section), the Arrangers, <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>each of </U></FONT>the <FONT STYLE="color: red"><STRIKE>Co-Syndication</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>other</U></FONT>
Agents and, to the extent expressly contemplated hereby, the sub-agents of the Administrative Agent and the Related Parties of any of
the Administrative Agent, the Arrangers, <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>each of </U></FONT>the <FONT STYLE="color: red"><STRIKE>Co-Syndication</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>other</U></FONT>
Agents, the Issuing Banks and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(i)</U></FONT>&#8239;Subject
to the conditions set forth in paragraph (b)(ii)&#8239;below, any Lender may assign to one or more Eligible Assignees all or a portion
of its rights and obligations under this Agreement (including all or a portion of its Revolving Commitment and the Loans at the time owing
to it) with the prior written consent (such consent not to be unreasonably withheld) of:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(A)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
Borrower Representative; <U>provided</U> that no consent of the Borrower Representative shall be required for an assignment to a Lender,
an Affiliate of a Lender, an Approved Fund or, if an Event of Default under clause (a), (b), (h), (i)&#8239;or (j)&#8239;of Article&#8239;VII
has occurred and is continuing, any other assignee; <U>provided</U>, <U>further</U>, that the Borrower Representative shall be deemed
to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within 10 Business
Days after having received notice thereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(B)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
Administrative Agent;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(C)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
Swingline Lender under any Facility under which a Revolving Commitment is being assigned; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(D)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;each
Issuing Bank under any Facility under which a Revolving Commitment is being assigned.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Assignments
shall be subject to the following additional conditions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(A)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;except
in the case of an assignment to a Lender or an Affiliate of a Lender or an assignment of the entire remaining amount of the assigning
Lender&rsquo;s Revolving Commitment or Loans under a Facility, the amount of the Revolving Commitment or Loans of the assigning Lender
subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered
to the Administrative Agent) shall not be less than $5,000,000 unless each of the Borrower Representative and the Administrative Agent
otherwise consent; <U>provided</U> that no such consent of the Borrower Representative shall be required if an Event of Default under
clause (a), (b), (h), (i)&#8239;or (j)&#8239;of Article&#8239;VII has occurred and is continuing;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(B)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;each
partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender&rsquo;s rights and obligations under
this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(C)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
parties to each assignment shall execute and deliver to the Administrative Agent (x)&#8239;an Assignment and Assumption or (y)&#8239;to
the extent applicable, an agreement incorporating an Assignment and Assumption by reference pursuant to an Approved Electronic Platform
as to which the Administrative Agent and the parties to the Assignment and Assumption are participants, together with a processing and
recordation fee of $3,500;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(D)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
assignee (other than an Approved Fund) shall be a French Authorized Lender in the case of an assignment of a French Commitment or French
Loans;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(E)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;no
assignment of an interest under the French Loan shall be effected to an assignee incorporated, domiciled, established or acting in all
or in part through an office in a Non-Cooperative Jurisdiction, without the prior written consent of the Company; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(F)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire in which the assignee
designates one or more credit contacts to whom all syndicate-level information (which may contain material non-public information about
the Company, the Subsidiaries and other Affiliates thereof or their respective securities) will be made available and who may receive
such information in accordance with the assignee&rsquo;s compliance procedures and applicable law, including federal, state, provincial,
territorial and foreign securities laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
consent of each Swiss Borrower (and each Swiss Subsidiary) shall be required for any assignment of the rights and obligations in respect
of a Revolving Commitment or Loans under the European Facility in respect of each Swiss Borrower (and each Swiss Subsidiary) such consent
not to be unreasonably withheld or delayed, in particular if such assignment does not result in a breach of the Swiss Ten Non-Bank Rule),
unless (1)&#8239;an Event of Default has occurred and is continuing at the time of such assignment or (2)&#8239;such assignment is to a
Lender or a Swiss Qualifying Bank.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Subject
to acceptance and recording thereof pursuant to paragraph (b)(v)&#8239;of this Section, from and after the effective date specified in
each Assignment and Assumption the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment
and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent
of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of
an Assignment and Assumption covering all of the assigning Lender&rsquo;s rights and obligations under this Agreement, such Lender shall
cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.15, 2.16, 2.17 and 9.03). Any assignment or
transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section&#8239;shall be treated for purposes
of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with paragraph (c)&#8239;of
this Section.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Administrative Agent, acting solely for this purpose as non-fiduciary agent of the Borrowers, shall maintain at one of its offices a copy
of each Assignment and Assumption delivered to it and records of the names and addresses of the Lenders, and the Commitment of, and principal
amount (and stated interest) of the Loans and LC Disbursements owing to, each Lender pursuant to the terms hereof from time to time under
each Facility (the &ldquo;<U>Register</U>&rdquo;). The entries in the Register shall be conclusive absent manifest error, and the Borrowers,
the Administrative Agent, the Issuing Banks and the Lenders shall treat each Person whose name is recorded in the Register pursuant to
the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall
be available for inspection by the Borrowers, any Issuing Bank and any Lender, at any reasonable time and from time to time upon reasonable
prior notice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Upon
its receipt of (x)&#8239;a duly completed Assignment and Assumption executed by an assigning Lender and an assignee, or (y)&#8239;to the
extent applicable, an agreement incorporating an Assignment and Assumption by reference pursuant to an Approved Electronic Platform as
to which the Administrative Agent and the parties to the Assignment and Assumption are participants, the assignee&rsquo;s completed Administrative
Questionnaire (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph (b)&#8239;of
this Section&#8239;and any written consent to such assignment required by paragraph (b)&#8239;of this Section, the Administrative Agent
shall accept such Assignment and Assumption and record the information contained therein in the Register; <U>provided</U> that if either
the assigning Lender or the assignee shall have failed to make any payment required to be made by it pursuant to Section&#8239;2.05, 2.06(d)&#8239;or
(e), 2.07(b), 8.05(c)&#8239;or 9.03(c), the Administrative Agent shall have no obligation to accept such Assignment and Assumption and
record the information therein in the Register unless and until such payment shall have been made in full, together with all accrued interest
thereon. No assignment shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this
paragraph.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Any
Lender may, without the consent of, or notice to, the Borrowers, the Administrative Agent, the Issuing Banks or the Swingline Lender,
sell participations to one or more Eligible Assignees (&ldquo;<U>Participants</U>&rdquo;) in all or a portion of such Lender&rsquo;s rights
and obligations under this Agreement (including all or a portion of its Revolving Commitment and the Loans owing to it); <U>provided</U>
that (A)&#8239;such Lender&rsquo;s obligations under this Agreement shall remain unchanged, (B)&#8239;such Lender shall remain solely responsible
to the other parties hereto for the performance of such obligations, (C)&#8239;the Borrowers, the Administrative Agent, the Issuing Banks
and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender&rsquo;s rights and obligations
under the Loan Documents and (D)&#8239;in respect of a participation under the European Facility, the participation does not lead to a
breach of the Swiss Non-Bank Rules. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that
such Lender shall retain the sole right to enforce the Loan Documents and to approve any amendment, modification or waiver of any provision
of the Loan Documents; <U>provided</U> that such agreement or instrument may provide that such Lender will not, without the consent of
the Participant, agree to any amendment, modification or waiver described in the first proviso to Section&#8239;9.02(b)&#8239;that affects
such Participant or requires the approval of all the Lenders. The Borrowers agree that each Participant shall be entitled to the benefits
of Sections 2.15, 2.16 and 2.17 (subject to the requirements and limitations therein, including the requirements under Section&#8239;2.17(e)&#8239;(it
being understood that the documentation required under Section&#8239;2.17(e)&#8239;shall be delivered solely to the participating Lender)
to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b)&#8239;of this Section;
<U>provided</U> that such Participant (x)&#8239;agrees to be subject to the provisions of Sections 2.18 and 2.19 as if it were an assignee
under paragraph (b)&#8239;of this Section&#8239;and (y)&#8239;shall not be entitled to receive any greater payment under Section&#8239;2.15
or 2.17, with respect to any participation, than its participating Lender would have been entitled to receive, except to the extent such
entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation.
To the extent permitted by law, each Participant also shall be entitled to the benefits of Section&#8239;9.08 as though it were a Lender;
<U>provided</U> that such Participant agrees to be subject to Section&#8239;2.16(c)&#8239;as though it were a Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrowers, maintain records of
the name and address of each Participant and the principal amounts (and stated interest) of each participant&rsquo;s interest in the Loans
or other obligations under this Agreement (the &ldquo;<U>Participant Register</U>&rdquo;); <U>provided</U> that no Lender shall have any
obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating
to a Participant&rsquo;s interest in any Revolving Commitments or Revolving Loans or its other obligations under this Agreement or any
other Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such Revolving Commitment
or Revolving Loan or other obligation is in registered form under Section&#8239;5f.103-1(c)&#8239;of the United States Treasury Regulations.
The entries in the Participant Register shall be conclusive absent manifest error, and the Borrower and such Lender shall treat each Person
whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding
any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have
no responsibility for maintaining a Participant Register.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Any
Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations
of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank, and this Section&#8239;shall not apply
to any such pledge or assignment of a security interest; <U>provided</U> that no such pledge or assignment of a security interest shall
release a Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;9.05&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Survival</U><FONT STYLE="background-color: white">.
All covenants, agreements, representations and warranties made by the Loan Parties in the Loan Documents and in the certificates or other
instruments delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied
upon by the other parties hereto and shall survive the execution and delivery of the Loan Documents and the making of any Loans and issuance
of any Letters of Credit, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Administrative
Agent, any Arranger, <FONT STYLE="color: red"><STRIKE>the Co-Syndication Agents</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>any
other Agent</U></FONT>, any Issuing Bank, any Lender or any Affiliate of any of the foregoing may have had notice or knowledge of any
Default or incorrect representation or warranty at the time any Loan Document is executed and delivered or any credit is extended hereunder,
and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any fee or any other amount
payable under this Agreement (other than Banking Services Obligations and contingent or indemnity obligations for which no claim has been
made) is outstanding and unpaid or any LC Exposure is outstanding and so long as the Revolving Commitments have not expired or terminated.
The provisions of Sections 2.15, 2.16, 2.17 and 9.03 and Article&#8239;VIII shall survive and remain in full force and effect regardless
of the consummation of the transactions contemplated hereby, the repayment of the Loans, the expiration or termination of the Letters
of Credit and the Revolving Commitments or the termination of this Agreement or any provision hereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;9.06&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Counterparts;
Integration; Effectiveness</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;This
Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute
an original, but all of which when taken together shall constitute a single contract. This Agreement, the other Loan Documents and any
separate letter agreements with respect to fees payable to the Administrative Agent constitute the entire contract among the parties relating
to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject
matter hereof. This Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative
Agent shall have received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto, and
thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective permitted successors and assigns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Delivery
of an executed counterpart of a signature page&#8239;of this Agreement by electronic transmission or other electronic imaging shall be
effective as delivery of a manually executed counterpart of this Agreement. The words &ldquo;execution,&rdquo; &ldquo;signed,&rdquo; &ldquo;signature,&rdquo;
 &ldquo;delivery,&rdquo; and words of like import in or relating to any document to be signed in connection with this Agreement and the
transactions contemplated hereby or thereby shall be deemed to include Electronic Signatures, deliveries or the keeping of records in
electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical
delivery thereof or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable
law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records
Act, or any other similar state laws based on the Uniform Electronic Transactions Act; <U>provided</U> that nothing herein shall require
the Administrative Agent to accept electronic signatures in any form or format without its prior written consent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;9.07&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Severability</U><FONT STYLE="background-color: white">.
Any provision of any Loan Document held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be
ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability
of the remaining provisions thereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such
provision in any other jurisdiction.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;9.08&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Right
of Setoff</U><FONT STYLE="background-color: white">. If an Event of Default shall have occurred and be continuing, each Lender,&#8239;Issuing
Bank and each of their respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by
law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held, and other
obligations at any time owing, by such Lender,&#8239;Issuing Bank or any such Affiliate, to or for the credit or the account of any Loan
Party against any and all of the Secured Obligations held by such Lender,&#8239;Issuing Bank or their respective Affiliates, irrespective
of whether or not such Lender,&#8239;Issuing Bank or their respective Affiliates shall have made any demand under the Loan Documents and
although such obligations may be contingent or unmatured or are owed to a branch office or Affiliate of such Lender or Issuing Bank different
from the branch office or Affiliate holding such deposit or obligated on such indebtedness; <U>provided</U> that in the event that any
Defaulting Lender shall exercise any such right of setoff, (x)&#8239;all amounts so set off shall be paid over immediately to the Administrative
Agent for further application in accordance with the provisions of Section&#8239;2.20 and, pending such payment, shall be segregated by
such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent, the Issuing Banks, and
the Lenders, and (y)&#8239;the Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable
detail the Secured Obligations owing to such Defaulting Lender as to which it exercised such right of setoff; <U>provided</U>, <U>further</U>,
that the foregoing authorization shall not entitle any Lender to apply any deposits of any Foreign Loan Party to the satisfaction of any
of the U.S. Secured Obligations or to any other Secured Obligations except for the Secured Obligations with respect to which such Foreign
Loan Party is a Borrower or a Guarantor. The applicable Lender,&#8239;Issuing Bank or such Affiliate shall notify the Borrower Representative
and the Administrative Agent of such setoff or application, <U>provided</U> that any failure to give or any delay in giving such notice
shall not affect the validity of any such setoff or application under this Section. The rights of each Lender,&#8239;Issuing Bank and their
respective Affiliates under this Section&#8239;are in addition to other rights and remedies (including other rights of setoff) that such
Lender,&#8239;Issuing Bank or their respective Affiliates may have If an Event of Default shall have occurred and be continuing, each Lender
is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits
(general or special, time or demand, provisional or final) at any time held and other obligations at any time owing by such Lender to
or for the credit or the account of any Borrower or any Guarantor against any of and all the Secured Obligations held by such Lender,
irrespective of whether or not such Lender shall have made any demand under the Loan Documents and although such obligations may be unmatured;
<U>provided</U> that the foregoing authorization shall not entitle any Lender to apply any deposits of any Foreign Loan Party to the satisfaction
of any of the U.S. Secured Obligations or to any other Secured Obligations except for the Secured Obligations with respect to which such
Foreign Loan Party is a Borrower or a Guarantor. The applicable Lender shall notify the Borrower Representative and the Administrative
Agent of such setoff or application; <U>provided</U> that any failure to give or any delay in giving such notice shall not affect the
validity of any such setoff or application under this Section. The rights of each Lender under this Section&#8239;are in addition to other
rights and remedies (including other rights of setoff) which such Lender may have.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;9.09&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Governing
Law: Jurisdiction; Consent to Service of Process</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;THE
LOAN DOCUMENTS (OTHER THAN THOSE CONTAINING A CONTRARY EXPRESS CHOICE OF LAW PROVISION) SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NEW YORK, BUT GIVING EFFECT TO FEDERAL LAWS APPLICABLE TO NATIONAL BANKS; <U>PROVIDED</U> THAT APPOINTMENT
OF THE ADMINISTRATIVE AGENT AS FOND&Eacute; DE POUVOIR IN ACCORDANCE WITH ARTICLE&#8239;VIII SHALL BE GOVERNED BY THE LAWS OF THE PROVINCE
OF QUEBEC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
party hereto hereby irrevocably and unconditionally submits, for itself and its property, to the jurisdiction of the Supreme Court of
the State of New York sitting in New York County and of the United States District Court of the Southern District of New York, and any
appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement or any other Loan Document
(other than any Loan Document governed by non-U.S. law and containing a contrary express jurisdiction provision), or for recognition or
enforcement of any judgment, and each Loan Party hereby irrevocably and unconditionally agrees that all claims arising out of or relating
to this Agreement or any (other than any Loan Document governed by non-U.S. law and containing a contrary express jurisdiction provision)
brought by it or any of its Affiliates shall be brought, and shall be heard and determined, exclusively in such New York State or, to
the extent permitted by law, in such Federal court. Each party hereto agrees that a final judgment in any such action or proceeding shall
be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Save towards
any French Loan Party, nothing in this Agreement shall affect any right that the Administrative Agent, any Issuing Bank or any Lender
may otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document (other than any Loan Document
governed by non-U.S. law and containing a contrary express jurisdiction provision) against any Loan Party or any of its properties in
the courts of any jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Loan Party hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection that
it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or
any other Loan Document in any court referred to in paragraph (b)&#8239;of this Section. Each of the parties hereto hereby irrevocably
waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in
any such court.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section&#8239;9.01. Nothing in
this Agreement or any other Loan Document will affect the right of any party to this Agreement to serve process in any other manner permitted
by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Canadian Loan Party hereby irrevocably designates and appoints the Borrower Representative, in the case of any suit, action or proceeding
brought in the United States as its designee, appointee and agent to receive, accept and acknowledge for and on its behalf, and in respect
of its property, service of any and all legal process, summons, notices and documents that may be served in any action or proceeding arising
out of or in connection with this Agreement or any other Loan Document. Such service may be made by mailing (by registered or certified
mail, postage prepaid) or delivering a copy of such process to such Canadian Loan Party in care of the Borrower Representative at the
Borrower Representative&rsquo;s address set forth in Section&#8239;9.01, and each such Canadian Loan Party hereby irrevocably authorizes
and directs the Borrower Representative to accept such service on its behalf. As an alternative method of service, each Canadian Loan
Party irrevocably consents to the service of any and all process in any such action or proceeding by the mailing (by registered or certified
mail, postage prepaid) of copies of such process to the Borrower Representative or such Canadian Loan Party at its address specified in
Section&#8239;9.01.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;9.10&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>WAIVER
OF JURY TRIAL</U><FONT STYLE="background-color: white">. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED
BY APPLICABLE LAW, ANY RIGHT IT MAY&#8239;HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING
TO THIS AGREEMENT, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY).
EACH PARTY HERETO (A)&#8239;CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE,
THAT SUCH OTHER PARTY WOULD NOT,&#8239;IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B)&#8239;ACKNOWLEDGES THAT
IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS
IN THIS SECTION.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;9.11&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Headings</U><FONT STYLE="background-color: white">.
Article&#8239;and Section&#8239;headings and the Table of Contents used herein are for convenience of reference only, are not part of this
Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;9.12&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Confidentiality</U><FONT STYLE="background-color: white">.
Each of the Administrative Agent, the Issuing Banks and the Lenders agrees to maintain the confidentiality of the Information (as defined
below) with the same degree of care that it uses to protect its own confidential information, but in no event less than a commercially
reasonable degree of care, except that Information may be disclosed, without prejudice to provisions of article L. 511-33 of the French
Monetary and Financial Code (in respect of France only) (a)&#8239;to its Related Parties, including accountants, legal counsel and other
agents and advisors (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature
of such Information and instructed to keep such Information confidential), (b)&#8239;to the extent required or requested by any regulatory
authority purporting to have jurisdiction over such Person or its Related Parties (including any self-regulatory authority, such as the
National Association of Insurance Commissioners), (c)&#8239;to the extent required by applicable law or by any subpoena or similar legal
process, (d)&#8239;to any other party to this Agreement, (e)&#8239;in connection with the exercise of any remedies under this Agreement
or any other Loan Document or any suit, action or proceeding relating to this Agreement or any other Loan Document or the enforcement
of rights hereunder or thereunder, (f)&#8239;subject to an agreement containing confidentiality undertakings substantially similar to those
of this Section, to (i)&#8239;any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or
obligations under this Agreement or (ii)&#8239;any actual or prospective counterparty (or its Related Parties) to any swap or derivative
transaction relating to any Loan Party or any Subsidiary or its obligations, (g)&#8239;on a confidential basis to any rating agency in
connection with rating the Borrowers or the Subsidiaries or the credit facilities provided for herein, (h)&#8239;with the consent of the
Borrower Representative, or (i)&#8239;to the extent such Information (i)&#8239;becomes publicly available other than as a result of a breach
of this Section&#8239;or (ii)&#8239;becomes available to the Administrative Agent, any Issuing Bank or any Lender, or any Affiliate of any
of the foregoing, on a non-confidential basis from a source other than the Borrowers that is not bound by an obligation of confidentiality;
<U>provided</U> that, in the case of clause (c)&#8239;above, the party disclosing such information shall provide to the Borrower Representative
prior written notice of such disclosure to the extent permitted by applicable law (and to the extent commercially feasible under the circumstances)
and shall cooperate with the Borrower Representative, at the Borrower Representative&rsquo;s sole expense, in obtaining a protective order
for, or other confidential treatment of, such disclosure, in each case at the Borrower Representative&rsquo;s sole expense. For the purposes
of this Section, &ldquo;<U>Information</U>&rdquo; means all information received from the Borrowers relating to the Company or any Subsidiary
or their businesses or the Collateral, other than any such information that is available to the Administrative Agent, any Issuing Bank
or any Lender, or any Affiliate of any of the foregoing, on a non-confidential basis prior to disclosure by the Borrowers and other than
information pertaining to this Agreement provided by arrangers to data service providers, including league table providers, that serve
the lending industry; <U>provided</U> that, in the case of information received from the Borrowers after the Effective Date, such information
is clearly identified at the time of delivery as confidential.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">EACH LENDER ACKNOWLEDGES THAT INFORMATION AS DEFINED IN SECTION&#8239;9.12
FURNISHED TO IT PURSUANT TO THIS AGREEMENT MAY&#8239;INCLUDE MATERIAL NON-PUBLIC INFORMATION CONCERNING THE COMPANY, THE SUBSIDIARIES AND
ITS OTHER AFFILIATES AND THEIR RESPECTIVE SECURITIES, AND CONFIRMS THAT IT HAS DEVELOPED COMPLIANCE PROCEDURES REGARDING THE USE OF MATERIAL
NON-PUBLIC INFORMATION AND THAT IT WILL HANDLE SUCH MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH THOSE PROCEDURES AND APPLICABLE
LAW,&#8239;INCLUDING FEDERAL AND STATE SECURITIES LAWS.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">ALL INFORMATION,&#8239;INCLUDING REQUESTS FOR WAIVERS AND AMENDMENTS,
FURNISHED BY THE BORROWERS OR THE ADMINISTRATIVE AGENT PURSUANT TO, OR IN THE COURSE OF ADMINISTERING, THIS AGREEMENT WILL BE SYNDICATE-LEVEL
INFORMATION, WHICH MAY&#8239;CONTAIN MATERIAL NON-PUBLIC INFORMATION CONCERNING THE COMPANY, THE SUBSIDIARIES AND ITS OTHER AFFILIATES
AND THEIR RESPECTIVE SECURITIES. ACCORDINGLY, EACH LENDER REPRESENTS TO THE BORROWERS AND THE ADMINISTRATIVE AGENT THAT IT HAS IDENTIFIED
IN ITS ADMINISTRATIVE QUESTIONNAIRE A CREDIT CONTACT WHO MAY&#8239;RECEIVE INFORMATION THAT MAY&#8239;CONTAIN SUCH MATERIAL NON-PUBLIC INFORMATION
IN ACCORDANCE WITH ITS COMPLIANCE PROCEDURES AND APPLICABLE LAW,&#8239;INCLUDING FEDERAL AND STATE SECURITIES LAWS.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;9.13&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Several
Obligations; Nonreliance; Violation of Law</U><FONT STYLE="background-color: white">. The respective obligations of the Lenders hereunder
are several and not joint and the failure of any Lender to make any Loan or perform any of its obligations hereunder shall not relieve
any other Lender from any of its obligations hereunder. Anything contained in this Agreement to the contrary notwithstanding, neither
any Issuing Bank nor any Lender shall be obligated to extend credit to the Borrowers in violation of applicable law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;9.14&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>USA
PATRIOT Act</U><FONT STYLE="background-color: white">. Each Lender that is subject to the requirements of the Patriot Act hereby notifies
the Borrowers and the Guarantors that pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record information
that identifies the Borrowers and the Guarantors, which information includes the names and addresses of the Borrowers and the Guarantors
and other information that will allow such Lender to identify the Borrowers and the Guarantors in accordance with the Patriot Act.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;9.15&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Appointment
for Perfection</U><FONT STYLE="background-color: white">. Each Lender hereby appoints each other Lender as its agent for the purpose of
perfecting Liens, for the benefit of the Administrative Agent and the Lenders, in assets which, in accordance with Article&#8239;9 of the
UCC, the PPSA or any other applicable law can be perfected only by possession. Should any Lender (other than the Administrative Agent)
obtain possession of any such Collateral, such Lender shall notify the Administrative Agent thereof, and, promptly upon the Administrative
Agent&rsquo;s request therefor shall deliver such Collateral to the Administrative Agent or otherwise deal with such Collateral in accordance
with the Administrative Agent&rsquo;s instructions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;9.16&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Interest
Rate Limitation</U><FONT STYLE="background-color: white">. Notwithstanding anything herein to the contrary, if at any time the interest
rate applicable to any Loan, together with all fees, charges and other amounts that are treated as interest on such Loan under applicable
law (collectively the &ldquo;<U>Charges</U>&rdquo;), shall exceed the maximum lawful rate (the &ldquo;<U>Maximum Rate</U>&rdquo;) which
may be contracted for, charged, taken, received or reserved by the Lender holding such Loan in accordance with applicable law, the rate
of interest payable in respect of such Loan hereunder, together with all Charges payable in respect thereof, shall be limited to the Maximum
Rate and, to the extent lawful, the interest and Charges that would have been payable in respect of such Loan but were not payable as
a result of the operation of this Section&#8239;shall be cumulated and the interest and Charges payable to such Lender in respect of other
Loans or periods shall be increased (but not above the Maximum Rate therefor) until such cumulated amount, together with interest thereon
at the Federal Funds Effective Rate to the date of repayment, shall have been received by such Lender.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;9.17&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>No
Fiduciary Relationship</U><FONT STYLE="background-color: white">. Each Loan Party, on behalf of itself and its subsidiaries, agrees that
in connection with all aspects of the transactions contemplated hereby and any communications in connection therewith, the Loan Parties,
the Subsidiaries and their other respective Affiliates, on the one hand, and the Administrative Agent, the Arrangers, the <FONT STYLE="color: red"><STRIKE>Co-Syndication</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>other</U></FONT>
Agents, the Lenders, the Issuing Banks and their Affiliates, on the other hand, will have a business relationship that does not create,
by implication or otherwise, any fiduciary duty on the part of the Administrative Agent, the Arrangers, the <FONT STYLE="color: red"><STRIKE>Co-Syndication</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>other</U></FONT>
Agents, the Lenders, the Issuing Banks or their Affiliates, and no such duty will be deemed to have arisen in connection with any such
transactions or communications. The Administrative Agent, the Arrangers, the <FONT STYLE="color: red"><STRIKE>Co-Syndication</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>other</U></FONT>
Agents, the Lenders, the Issuing Banks and their Affiliates may be engaged, for their own accounts or the accounts of customers, in a
broad range of transactions that involve interests that differ from those of the Loan Parties, the Subsidiaries and their other respective
Affiliates, and none of the Administrative Agent, the Arrangers, the <FONT STYLE="color: red"><STRIKE>Co-Syndication</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>other</U></FONT>
Agents, the Lenders, the Issuing Banks or their Affiliates has any obligation to disclose any of such interests to the Loan Parties, the
Subsidiaries or their other respective Affiliates. To the fullest extent permitted by law, each Loan Party hereby agrees not to assert
any claims against the Administrative Agent, the Arrangers, the <FONT STYLE="color: red"><STRIKE>Co-Syndication</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>other</U></FONT>
Agents, the Lenders, the Issuing Banks and their Affiliates based on any breach or alleged breach of agency or fiduciary duty in connection
with any aspect of any transaction contemplated hereby.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;9.18&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Intercreditor
Agreement</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Lenders and the Issuing Banks acknowledge that the obligations of the Company under <FONT STYLE="color: red"><STRIKE>the Term Credit Agreement
are</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>any Other Secured Debt may be</U></FONT> secured by Liens
on assets of the U.S. Loan Parties that constitute Collateral and that the relative Lien priority and other creditor rights of the Lender
Parties hereunder and the secured parties under <FONT STYLE="color: red"><STRIKE>the Term Credit Agreement</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>such
Other Secured Debt</U></FONT> will be set forth in the Intercreditor Agreement. Each Lender and Issuing Bank hereby acknowledges that
it has received a copy of the <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>form of </U></FONT>Intercreditor Agreement. Each
Lender and Issuing Bank hereby irrevocably (a)&#8239;consents to the subordination of the Liens on the Term Priority Collateral securing
the Secured Obligations on the terms set forth in the Intercreditor Agreement, (b)&#8239;authorizes and directs the Administrative Agent
to execute and deliver the Intercreditor Agreement and any documents relating thereto, in each case on behalf of such Lender or Issuing
Bank and without any further consent, authorization or other action by such Lender or Issuing Bank, (c)&#8239;agrees that, upon the execution
and delivery thereof, such Lender or Issuing Bank will be bound by the provisions of the Intercreditor Agreement as if it were a signatory
thereto and will take no actions contrary to the provisions of the Intercreditor Agreement and (d)&#8239;agrees that no Lender or Issuing
Bank shall have any right of action whatsoever against the Administrative Agent as a result of any action taken by the Administrative
Agent pursuant to this Section&#8239;or in accordance with the terms of the Intercreditor Agreement. Each Lender and Issuing Bank hereby
further irrevocably authorizes and directs the Administrative Agent (i)&#8239;to take such actions as shall be required to release Liens
on the Collateral in accordance with the terms of the Intercreditor Agreement and (ii)&#8239;to enter into such amendments, supplements
or other modifications to the Intercreditor Agreement in connection with any <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>incurrence,
</U></FONT>extension, renewal, refinancing or replacement of any Secured Obligations or <FONT STYLE="color: red"><STRIKE>the Term Credit
Agreement</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>any Other Secured Debt</U></FONT> as are reasonably
acceptable to the Administrative Agent to give effect thereto <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(including, for
the avoidance of doubt, to give effect to any election made pursuant to Section&#8239;9.18(b))</U></FONT>, in each case on behalf of such
Lender or Issuing Bank and without any further consent, authorization or other action by such Lender or Issuing Bank<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>,
but subject to any consents required pursuant to Section&#8239;9.02(b)&#8239;or Section&#8239;9.18(b)&#8239;if applicable</U></FONT>. The
Administrative Agent shall have the benefit of the provisions of Article&#8239;VIII with respect to all actions taken by it pursuant to
this Section&#8239;or in accordance with the terms of the Intercreditor Agreement to the full extent thereof. The foregoing provisions
are intended as an inducement to the secured parties under <FONT STYLE="color: red"><STRIKE>the Term Credit Agreement</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>such
Other Secured Debt</U></FONT> to extend credit to the U.S. Loan Parties and such secured parties are intended third party beneficiaries
of such provisions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(b)</U></FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>The
Lenders and the Issuing Banks acknowledge and agree that the Borrower Representative may elect, subject to the consent of the Required
Lenders, in connection with the incurrence of any Other Secured Debt and the execution and delivery of the Intercreditor Agreement, that
Intellectual Property (as defined in the Intercreditor Agreement) shall be deemed to constitute Term Priority Collateral in lieu of ABL
Priority Collateral, and in such event Intellectual Property shall, subject to the terms of the Intercreditor Agreement, (x)&#8239;secure
such Other Secured Debt on a first-priority basis and (y)&#8239;secure the Secured Obligations on a second-priority basis (at which time,
for the avoidance of doubt, Eligible Intellectual Property shall no longer constitute part of the U.S. Borrowing Base).</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(<FONT STYLE="color: red"><STRIKE>b</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>c</U></FONT>)&#9;&#8239;&#8239;&#8239;&#8239;&#8239;Notwithstanding
anything herein to the contrary, <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>following the incurrence of any such Other
Secured Debt and </U></FONT>prior to the Discharge of Term Obligations (as such term is defined in the Intercreditor Agreement), (i)&#8239;the
requirements of this Agreement to deliver Term Priority Collateral to, or to establish control of Term Priority Collateral by, the Administrative
Agent shall be deemed satisfied by delivery of such Term Priority Collateral to, or establishment of control (to the extent only one party
can have control) of such Term Priority Collateral by, the Term Loan Agent (as defined in the Intercreditor Agreement) as bailee for the
Administrative Agent pursuant to the terms of the Intercreditor Agreement; and (ii)&#8239;no Loan Party shall be required to take or omit
to take any action affirmatively required by any of the provisions of any Loan Documents, or requested by the Administrative Agent, with
respect to any Term Priority Collateral if such action or inaction would be irreconcilably inconsistent with (A)&#8239;any action or inaction
affirmatively requested by the Term Loan Agent or (B)&#8239;any action or inaction affirmatively required by any of the provisions of the
<FONT STYLE="color: red"><STRIKE>Term Loan Documents</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>documentation
governing such Other Secured Debt</U></FONT>, with respect to such Term Priority Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;9.19&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Lender
Loss Sharing Agreement</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Definitions</U>.
As used in this Section, the following terms shall have the following meanings:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&ldquo;<U>CAM</U>&rdquo;
means the mechanism for the allocation and exchange of interests in the Loans, participations in Letters of Credit and collections thereunder
established under Section&#8239;9.19(b).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&ldquo;<U>CAM
Exchange</U>&rdquo; means the exchange of the Revolving Lenders&rsquo; interests provided for in Section&#8239;9.19(b).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&ldquo;<U>CAM
Exchange Date</U>&rdquo; means the first date after the Effective Date on which there shall occur (a)&#8239;any event described in paragraphs
(h), (i)&#8239;or (j)&#8239;of Article&#8239;VII with respect to any Borrower or (b)&#8239;an acceleration of Loans and termination of the
Revolving Commitments pursuant to Article&#8239;VII.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&ldquo;<U>CAM
Percentage</U>&rdquo; means, as to each Revolving Lender, a fraction, expressed as a decimal, of which (a)&#8239;the numerator shall be
the aggregate Dollar Equivalent of the Credit Exposure owed to such Revolving Lender (whether or not at the time due and payable) and
(b)&#8239;the denominator shall be the aggregate Dollar Equivalent (as so determined) of the Credit Exposure owed to all the Revolving
Lenders (whether or not at the time due and payable).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&ldquo;<U>Designated
Obligations</U>&rdquo; means all Obligations of the Borrowers with respect to (a)&#8239;principal and interest under the Loans, (b)&#8239;unreimbursed
drawings under Letters of Credit and interest thereon and (c)&#8239;fees under Section&#8239;2.12.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>CAM
Exchange</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.4in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;On
the CAM Exchange Date,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(w)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
U.S. Commitments, the Canadian Commitments, the European Commitments, the French Commitments and the Hong Kong Commitments shall terminate
in accordance with Article&#8239;VII;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(x)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;each
Lender shall fund in the applicable currency at par Dollar Equivalent its participation in any outstanding Protective Advances and Overadvances
in accordance with Section&#8239;2.04 and Section&#8239;2.05, and each European Revolving Lender, French Revolving Lender and Hong Kong
Revolving Lender shall fund in the applicable currency at par Dollar Equivalent its participation in any outstanding Swingline Loans in
accordance with Section&#8239;2.05;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(y)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;each
Lender shall fund in Dollars at par Dollar Equivalent its participation in any unreimbursed LC Disbursements made under the Letters of
Credit in accordance with Section&#8239;2.06(e); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(z)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
Lenders shall purchase in Dollars at par interests in the Designated Obligations under each Facility (and shall make payments in Dollars
to the Administrative 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 Banks for unreimbursed LC Disbursements under outstanding Letters of Credit under
such Facility such that, in lieu of the interests of each Lender in the Designated Obligations under the U.S. Facility, the Canadian Facility,
the European Facility, the French Facility and the Hong Kong Facility in which it shall have participated immediately prior to the CAM
Exchange Date, such Lender shall own an interest equal to such Lender&rsquo;s CAM Percentage in each component of the Designated Obligations
immediately following the CAM Exchange.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Lender and each Person acquiring a participation from any Lender as contemplated by this Section&#8239;7.19 hereby consents and agrees
to the CAM Exchange. Each Borrower agrees from time to time to execute and deliver to the Lenders all such promissory notes and other
instruments and documents as the Administrative Agent shall reasonably request to evidence and confirm the respective interests and obligations
of the 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 the Administrative 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="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;As
a result of the CAM Exchange, from and after the CAM Exchange Date, each payment received by the Administrative Agent pursuant to any
Loan Document in respect of any of the Designated Obligations shall be distributed to the Lenders, <I>pro rata</I> in accordance with
their respective CAM Percentages.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;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 an Issuing Bank that is not reimbursed by the applicable Borrower(s), then each Lender shall
promptly reimburse such Issuing Bank in Dollars for its CAM Percentage of such unreimbursed payment in the Dollar Equivalent thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Notwithstanding
any other provision of this Section&#8239;9.19, each Administrative Agent and each Lender agree that if any Administrative Agent or a Lender
is required under applicable law or practice of a Governmental Authority 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 each Administrative 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 any Administrative Agent or any Lender subject to such withholding to any Administrative Agent or any other
Lender making such withholding and paying over such amounts, but without diminution of the rights of each Administrative Agent or such
Lender subject to such withholding as against the Borrowers and the other Loan Parties to the extent (if any) provided in this Agreement
and the other Loan Documents. Any amounts so withheld or deducted shall be treated, for the purpose of this Section&#8239;9.19, as having
been paid to each Administrative Agent or such Lender with respect to which such withholding or deduction was made. The parties hereto
do not intend for a CAM Exchange to result in a settlement, extinguishment or substitution of indebtedness by any Borrower.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;9.20&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Anti-Money
Laundering Legislation</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Loan Party acknowledges that, pursuant to the Proceeds of Crime Act and other applicable anti-money laundering, anti-terrorist financing,
government sanction and &ldquo;know your client&rdquo; laws in each relevant jurisdiction (collectively, including any guidelines or orders
thereunder, &ldquo;<U>AML Legislation</U>&rdquo;), the Administrative Agent, the Lenders and the Issuing Banks may be required to obtain,
verify and record information regarding the Loan Parties and their respective directors, authorized signing officers and the transactions
contemplated hereby. Each Loan Party shall promptly provide all such information, including supporting documentation and other evidence,
as may be reasonably requested by any Lender or any prospective assignee or participant of a Lender, any Issuing Bank or the Administrative
Agent, in order to comply with any applicable AML Legislation, whether now or hereafter in existence.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If
the Administrative Agent has ascertained the identity of any Loan Party or any authorized signatories of such Loan Party for the purposes
of applicable AML Legislation, then the Administrative Agent:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;shall
be deemed to have done so as an agent for each Issuing Bank and each Lender, and this Agreement shall constitute a &ldquo;written agreement&rdquo;
in such regard between such Issuing Bank or such Lender and the Administrative Agent within the meaning of the applicable AML Legislation;
and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;shall
provide to each Issuing Bank and each Lender copies of all information obtained in such regard without any representation or warranty
as to its accuracy or completeness.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Notwithstanding
the preceding sentence and except as may otherwise be agreed in writing, each Lender and each Issuing Bank agrees that the Administrative
Agent has no obligation to ascertain the identity of the Loan Parties or any authorized signatories of the Loan Parties on behalf of any
Lender or Issuing Bank, or to confirm the completeness or accuracy of any information it obtains from any Loan Party or any such authorized
signatory in doing so.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;9.21&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>&ldquo;Know
Your Customer&rdquo; Checks</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If
(i)&#8239;the introduction of or any change in (or in the interpretation, administration or application of) any law or regulation made
after the date of this Agreement; (ii)&#8239;any change in the status of a Loan Party after the date of this Agreement; or (iii)&#8239;a
proposed assignment or transfer by a Lender of any of its rights and obligations under this Agreement to a party that is not a Lender
prior to such assignment or transfer, obliges the Administrative Agent or any Lender (or, in the case of clause (iii)&#8239;above, any
prospective new Lender) to comply with &ldquo;know your customer&rdquo; or similar identification procedures in circumstances where the
necessary information is not already available to it, each Loan Party shall promptly upon the request of the Administrative Agent or any
Lender supply, or procure the supply of, such documentation and other evidence as is reasonably requested by the Agent (for itself or
on behalf of any Lender) or any Lender (for itself or, in the case of the event described in clause (iii)&#8239;above, on behalf of any
prospective new Lender) in order for the Administrative Agent, such Lender or, in the case of the event described in clause (iii)&#8239;above,
any prospective new Lender to carry out and be satisfied it has complied with all necessary &ldquo;know your customer&rdquo; or other
similar checks under all applicable laws and regulations pursuant to the transactions contemplated in the Loan Documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Lender shall promptly upon the request of the Administrative Agent supply, or procure the supply of, such documentation and other evidence
as is reasonably requested by the Administrative Agent (for itself) in order for the Administrative Agent to carry out and be satisfied
it has complied with all necessary &ldquo;know your customer&rdquo; or other similar checks under all applicable laws and regulations
pursuant to the transactions contemplated in the Loan Documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;9.22&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Judgment
Currency</U><FONT STYLE="background-color: white">. If for the purpose of obtaining judgment in any court it is necessary to convert an
amount due hereunder in the currency in which it is due (the &ldquo;<U>Original Currency</U>&rdquo;) into another currency (the &ldquo;<U>Second
Currency</U>&rdquo;), the rate of exchange applied shall be that at which, in accordance with normal banking procedures, the Administrative
Agent could purchase the Original Currency with the Second Currency on the date two Business Days preceding that on which judgment is
given. Each Loan Party agrees that its obligation in respect of any Original Currency due from it hereunder shall, notwithstanding any
judgment or payment in any Second Currency, be discharged only to the extent that, on the Business Day following the date the Administrative
Agent receives payment of any sum so adjudged to be due hereunder in the Second Currency, the Administrative Agent may, in accordance
with normal banking procedures, purchase, in the New York foreign exchange market, the Original Currency with the amount of the Second
Currency so paid; and if the amount of the Original Currency so purchased, or that could have been so purchased, is less than the amount
originally due in the Original Currency after any premium and costs of exchange payable in connection with such purchase, each Loan Party
agrees as a separate obligation and notwithstanding any such payment or judgment to indemnify the Administrative Agent against such loss.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;9.23&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Waiver
of Immunity</U><FONT STYLE="background-color: white">. To the extent that any Loan Party has, or hereafter may be entitled to claim or
may acquire, for itself, any Collateral or other assets of the Loan Parties, any immunity (whether sovereign or otherwise) from suit,
jurisdiction of any court or from any legal process (whether through service of notice, attachment prior to judgment, attachment in aid
of execution or otherwise) with respect to itself, any Collateral or any other assets of the Loan Parties, such Loan Party hereby waives
such immunity in respect of its obligations hereunder and under any promissory notes evidencing the Loans hereunder and any other Loan
Document to the fullest extent permitted by applicable law and, without limiting the generality of the foregoing, agrees that the waivers
set forth in this Section&#8239;shall be effective to the fullest extent now or hereafter permitted under the Foreign Sovereign Immunities
Act of 1976 (as amended, and together with any successor legislation) and are, and are intended to be, irrevocable for purposes thereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;9.24&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Limitations
of Enforcement against German Loan Parties</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Lender Parties agree not to enforce any payment claims, any security, any guarantee and any joint and several liability (including, without
limitation, the guarantee and the joint and several liability pursuant to Article&#8239;XIII of this Agreement) under this Agreement or
the other Loan Documents if and to the extent that (i)&#8239;the relevant payment and/or enforcement proceeds are applied in satisfaction
of any liabilities (including guarantees, letters of credit or similar instruments) of the respective German Loan Party&rsquo;s direct
or indirect shareholder(s)&#8239;or any entity affiliated to such shareholder (<I>verbundenes Unternehmen</I>) within the meaning of section
15 of the German Stock Corporation Act (<I>Aktiengesetz</I>) (other than the liabilities of any of the respective German Loan Party&rsquo;s
wholly owned subsidiaries and, for the avoidance of doubt, the respective German Loan Party&rsquo;s own liabilities) and (ii)&#8239;such
payment and/or enforcement under this Agreement or the other Loan Documents would cause the amount of the respective German Loan Party&rsquo;s
net assets (<I>Reinverm&ouml;gen</I>), as adjusted pursuant to the following provisions, to fall below the amount of its registered share
capital (<I>Stammkapital</I>) (<I>Begr&uuml;ndung einer Unterbilanz</I>) or to increase any already existing capital impairment (<I>Vertiefung
einer Unterbilanz</I>) in violation of sections 30 and 31 of the German Limited Liability Company Act (<I>GmbHG</I>), (each such event
is hereinafter referred to as a &ldquo;<U>Capital Impairment</U>&rdquo;). For the purposes of this Section&#8239;9.24 net assets (<I>Reinverm&ouml;gen</I>)
 &ldquo;<U>net assets</U>&rdquo; (<I>Reinverm&ouml;gen</I>) means the assets calculated on the basis of the balance sheet items listed
in sections 266 para. 2 A, B, C, D and E of the German Commercial Code (<I>HGB</I>) less all liabilities listed in section 266 para. 3
B, C, D and E of the German Commercial Code (<I>HGB</I>) and less such amounts being subject to a distribution barrier (<I>Aussch&uuml;ttungssperre</I>)
pursuant to section 268 para. 8 of the German Commercial Code (<I>HGB</I>), pursuant to section 253&#8239;para.&#8239;6 of the German Commercial
Code (<I>HGB</I>) or pursuant to section 272&#8239;para.&#8239;5 of the German Commercial Code (<I>HGB</I>), <U>provided</U> that any deviating
specifications made by the Federal High Court (<I>Bundesgerichtshof</I>) for the calculation of the net assets shall be taken into account
and that for the purposes of the calculation of the enforceable amount (if any), the following balance sheet items shall be adjusted as
follows: (i)&#8239;the amount of any increase of the respective German Loan Party&rsquo;s registered share capital after the date of this
Agreement that has been effected without prior written consent of the Administrative Agent shall be deducted from the respective German
Loan Party&rsquo;s registered share capital; (ii)&#8239;loans provided to the respective German Loan Party by any member of the group shall
be disregarded if and to the extent such loans are subordinated or are considered subordinated by operation of law and such loans are
not shown in the balance sheet as liability of the respective German Loan Party, provided that the creditor of the corresponding receivables
could waive such receivables without violating applicable law or any Loan Document; and (iii)&#8239;loans or other contractual liabilities
incurred in violation of the provisions of the Loan Documents shall be disregarded.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Disposal
of Relevant Assets</U>. Provided that an enforcement is limited due to the aforementioned provisions, the respective German Loan Party
shall dispose of all assets, to the extent legally permitted and commercially justifiable, which are not necessary for its business (<I>nicht
betriebsnotwendig</I>) on market terms where the relevant assets are shown in the balance sheet of the respective German Loan Party with
a book value which is significantly lower than the market value of such assets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Management
Notification/Auditor&rsquo;s Determination</U>. The limitation pursuant to this Section&#8239;9.24 shall apply, if following a notice by
the Administrative Agent that it intends to enforce any payment claims, any security, any guarantee and/or any joint and several liability
(including, without limitation, the guarantee and the joint and several liability pursuant to Article&#8239;XIII of this Agreement) under
this Agreement or the other Loan Documents, the respective German Loan Party notifies the Administrative Agent (&ldquo;<U>Management Notification</U>&rdquo;)
within ten (10)&#8239;days upon receipt of the relevant notice that a Capital Impairment would occur (setting out in reasonable detail
to what extent a Capital Impairment would occur and providing <I>prima facie</I> evidence that a realization or other measures undertaken
in accordance with the mitigation provisions set out above would not prevent such Capital Impairment); if the Management Notification
is contested by the Administrative Agent, the Administrative Agent shall nevertheless be entitled to enforce any payment claims, any security,
any guarantee and/or any joint and several liability (including, without limitation, the guarantee and joint and the several liability
pursuant to Article&#8239;XIII of this Agreement) under this Agreement or the other Loan Documents up to such amount, which is, based on
the Management Notification, undisputed between itself and the respective German Loan Party. In relation to the amount which is in dispute,
the respective German Loan Party undertakes (at its own cost and expense) to arrange for the preparation of a balance sheet by its auditors
in order to have such auditors determine whether (and if so, to what extent) any enforcement of payment claims, any security, any guarantee
and/or any joint and several liability (including, with-out limitation, the guarantee and joint and the several liability pursuant to
Article&#8239;XIII of this Agreement) under this Agreement or the other Loan Documents would cause a Capital Impairment (the &ldquo;<U>Auditor&rsquo;s
Determination</U>&rdquo;). The Auditor&rsquo;s Determination shall be prepared, taking into account the adjustments set out above in relation
to the calculation of a Capital Impairment, by applying the generally accepted accounting principles applicable from time to time in Germany
(<I>Grunds&auml;tze ordnungsm&auml;&szlig;iger Buchf&uuml;hrung</I>) based on the same principles and evaluation methods as consistently
applied by the respective German Loan Party in the preparation of its financial statements, in particular in the preparation of its most
recent annual balance sheet, and taking into consideration applicable court rulings of German courts. The respective German Loan Party
shall provide the Auditor&rsquo;s Determination to the Administrative Agent within thirty (30) days from the date on which the Administrative
Agent contested the Management Notification in writing. The Auditor&rsquo;s Determination shall be binding on the respective German Loan
Party and the Administrative Agent. If, and to the extent that, any payment claims, any security, any guarantee and/or any joint and several
liability (including, without limitation, the guarantee and the joint and several liability pursuant to Article&#8239;XIII of this Agreement)
under this Agreement or the other Loan Documents has been enforced without regard to the limitation set forth in Section&#8239;9.24(a)&#8239;because
the amount of the available net assets pursuant to the Auditor&rsquo;s Determination is lower than the amount stated in the Management
Notification, the Administrative Agent shall upon written demand of the respective German Loan Party to the Administrative Agent repay
any amount (if and to the extent already paid to the Administrative Agent) up to and including the amount calculated in the Auditor&rsquo;s
Determination as of the date the enforcement of any payment claims, any security, any guarantee and/or any joint and several liability
(including, without limitation, the guarantee and joint and the several liability pursuant to Article&#8239;XIII of this Agreement) under
this Agreement or any other Loan Document was made. If pursuant to the Auditor&rsquo;s Determination the amount of the available net assets
is higher than set out in the Management Notification, the Administrative Agent shall be entitled to enforce into such available net assets
accordingly.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Exceptions</U>.
Notwithstanding the above, the limitations pursuant to this Section&#8239;9.24 shall not apply: (i)&#8239;if, at the time of the enforcement
of payment claims, any security, any guarantee and/or any joint and several liability (including, without limitation, the guarantee and
the joint and several liability pursuant to Article&#8239;XIII) hereunder, the limitations set out in Section&#8239;9.24(a)&#8239;are (due
to a change in law or applicable court rulings or otherwise) no longer required in order to protect the managing director(s)&#8239;of the
respective German Loan Party from being personally or criminally liable for such obligation according to section 31 of the German Limited
Liability Companies Act (<I>GmbH-Gesetz</I>); or (ii)&#8239;if the respective German Loan Party is party as dominated entity (<I>beherrschtes
Unternehmen</I>) of a domination agreement (<I>Beherrschungsvertrag</I>) and/or a profit and loss transfer agreement (<I>Gewinnabf&uuml;hrungsvertrag</I>)
pursuant to section 30 para 1 sentence 2 of the German Limited Liability Company Act (<I>GmbHG</I>) (directly or through an unbroken chain
of domination and/or profit and loss pooling agreements) with the entity whose liabilities are secured or shall be paid, unless the enforcement
of payment claims, any security, any guarantee and/or any joint and several liability (including, without limitation, the guarantee and
joint and the several liability pursuant to Article&#8239;XIII of this Agreement) hereunder or under the other Loan Documents would cause
of violation of sections 30, 31 of the German Limited Liability Company Act (<I>GmbHG</I>); or (iii)&#8239;if the respective German Loan
Party has a recourse right (<I>R&uuml;ckgriffsanspruch</I>) pursuant to section 30 para 1 sentence 2 of the German Limited Liability Company
Act (<I>GmbHG</I>), towards its direct or indirect shareholder(s)&#8239;(upstream) or any entity affiliated to such shareholder (<I>verbundenes
Unternehmen</I>) within the meaning of section 15 of the German Stock Corporation Act (<I>Aktiengesetz</I>) (cross-stream) whose liabilities
are secured or shall be paid which is fully recoverable (<I>werthaltig</I>); or (iv)&#8239;for so long as the respective German Loan Party
fails to deliver the Management Notification and/or the Auditor&rsquo;s Determination pursuant to Section&#8239;<FONT STYLE="color: red"><STRIKE>9.25</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>9.24</U></FONT>(c);
or (v)&#8239;to any amounts borrowed under the Loan Documents to the extent the proceeds of such borrowing are on-lent to the respective
German Loan Party or its Subsidiaries to the extent that any amounts so on-lent are still outstanding at the time the relevant demand
is made against the respective German Loan Party and the repayment of such loans as a result of such on-lending is not prohibited by the
Loan Documents or by operation of law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;9.25&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Acknowledgement
and Consent to Bail-In of </U><FONT STYLE="color: red"><U><STRIKE>EEA</STRIKE></U></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Affected</U></FONT><U>
Financial Institutions</U><FONT STYLE="background-color: white">. Notwithstanding anything to the contrary in any Loan Document or in
any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any <FONT STYLE="color: red"><STRIKE>EEA</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Affected</U></FONT>
Financial Institution arising under any Loan Document may be subject to the <FONT STYLE="color: red"><STRIKE>write-down and conversion
powers of an EEA</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Write-Down and Conversion Powers of the applicable</U></FONT>
Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
application of any Write-Down and Conversion Powers by <FONT STYLE="color: red"><STRIKE>an EEA</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>the
applicable</U></FONT> Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that
is an <FONT STYLE="color: red"><STRIKE>EEA</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Affected</U></FONT>
Financial Institution; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
effects of any Bail-In Action on any such liability, including, if applicable:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;a
reduction in full or in part or cancellation of any such liability;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;a
conversion of all, or a portion of, such liability into shares or other instruments of ownership in such <FONT STYLE="color: red"><STRIKE>EEA</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Affected</U></FONT>
Financial Institution, its <FONT STYLE="color: red"><STRIKE>the Company</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>parent</U></FONT>
entity, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership
will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.75in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
variation of the terms of such liability in connection with the exercise of the <FONT STYLE="color: red"><STRIKE>write-down and conversion
powers of any EEA</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Write-Down and Conversion Powers of the applicable</U></FONT>
Resolution Authority.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;9.26&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Acknowledgement
Regarding Any Supported QFCs</U><FONT STYLE="background-color: white">. To the extent that the Loan Documents provide support, through
a guarantee or otherwise, for Swap Agreements or any other agreement or instrument that is a QFC (such support, &ldquo;<U>QFC Credit Support</U>&rdquo;
and each such QFC, a &ldquo;<U>Supported QFC</U>&rdquo;), the parties acknowledge and agree as follows with respect to the resolution
power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street
Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the &ldquo;<U>U.S. Special Resolution Regimes</U>&rdquo;)
in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents
and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other
state of the United States):</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In the event a Covered Entity that is party to a Supported QFC (each,
a &ldquo;<U>Covered Party</U>&rdquo;) becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported
QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support,
and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same
extent as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and
any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States.
In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution
Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be
exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under
the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States or a state
of the United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect
to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;9.27&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Data
Protection Laws</U><FONT STYLE="background-color: white">. Notwithstanding anything to the contrary contained herein, nothing in this
Agreement shall oblige the Company or any of its Subsidiaries to provide information of any kind in violation of any applicable data protection
laws in force in the jurisdiction of organization of the Company or such Subsidiary, as applicable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>ARTICLE&#8239;X</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>U.S. Loan Guarantee</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;10.01&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Guarantee</U><FONT STYLE="background-color: white">.
Each U.S. Guarantor hereby agrees that it is jointly and severally liable for, and absolutely, irrevocably and unconditionally guarantees
to the Administrative Agent, the Lenders, the Issuing Banks and the other Lender Parties the prompt payment and performance when due,
whether at stated maturity, upon acceleration or otherwise, and at all times thereafter, of the Secured Obligations and all reasonable
and documented costs and expenses including, without limitation, all court costs and attorneys&rsquo; fees and expenses paid or incurred
by the Administrative Agent, the Issuing Banks and the Lenders in endeavoring to collect all or any part of the Secured Obligations from,
or in prosecuting any action against, any Borrower, any Guarantor or any other guarantor of all or any part of the Secured Obligations
(such costs and expenses, together with the Secured Obligations, being collectively called the &ldquo;<U>U.S. Guaranteed Obligations</U>&rdquo;).
Each U.S. Guarantor further agrees that the U.S. Guaranteed Obligations may be extended or renewed in whole or in part without notice
to or further assent from it, and that it remains bound upon its guarantee notwithstanding any such extension or renewal. All terms of
this U.S. Guarantee apply to and may be enforced by or on behalf of any domestic or foreign branch or Affiliate of any Lender or Issuing
Bank that extended any portion of the U.S. Guaranteed Obligations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;10.02&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Guarantee
of Payment</U><FONT STYLE="background-color: white">. This U.S. Guarantee is a Guarantee of payment and not of collection. Each U.S. Guarantor
waives, to the fullest extent permitted by applicable law, any right to require the Administrative Agent, any Issuing Bank, any Lender
or any other Lender Party to sue any Borrower, any other Guarantor, or any other Person obligated for all or any part of the U.S. Guaranteed
Obligations (each, a &ldquo;<U>U.S. Obligated Party</U>&rdquo;), or to enforce its rights against any collateral securing all or any part
of the U.S. Guaranteed Obligations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;10.03&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>No
Discharge or Diminishment of U.S. Guarantee</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Except
as otherwise provided for herein, to the fullest extent permitted by applicable law, the obligations of each U.S. Guarantor hereunder
are unconditional and absolute and not subject to any reduction, limitation, impairment or termination for any reason (other than the
payment in full in cash of the U.S. Guaranteed Obligations), including: (i)&#8239;any claim of waiver, release, extension, renewal, settlement,
surrender, alteration, or compromise of any of the U.S. Guaranteed Obligations, by operation of law or otherwise; (ii)&#8239;any change
in the corporate existence, structure or ownership of any Borrower or any other guarantor of or other Person liable for any of the U.S.
Guaranteed Obligations; (iii)&#8239;any insolvency, bankruptcy, reorganization or other similar case or proceeding affecting any U.S. Obligated
Party or its assets or any resulting release or discharge of any obligation of any U.S. Obligated Party; or (iv)&#8239;the existence of
any claim, setoff or other right which any U.S. Guarantor may have at any time against any U.S. Obligated Party, the Administrative Agent,
any Issuing Bank, any Lender, or any other Person, whether in connection herewith or in any unrelated transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
obligations of each U.S. Guarantor hereunder, to the fullest extent permitted by applicable law, are not subject to any defense or setoff,
counterclaim, recoupment, or termination whatsoever by reason of the invalidity, illegality, or unenforceability of any of the U.S. Guaranteed
Obligations or otherwise, or any provision of applicable law or regulation purporting to prohibit payment by any U.S. Obligated Party,
of the U.S. Guaranteed Obligations or any part thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Further,
to the fullest extent permitted by applicable law, the obligations of any U.S. Guarantor hereunder are not discharged or impaired or otherwise
affected by: (i)&#8239;the failure of the Administrative Agent, any Issuing Bank, any Lender or any other Lender Party to assert any claim
or demand or to enforce any remedy with respect to all or any part of the U.S. Guaranteed Obligations; (ii)&#8239;any waiver or modification
of or supplement to any provision of any agreement relating to the U.S. Guaranteed Obligations; (iii)&#8239;any release, non-perfection
or invalidity of any indirect or direct security for the obligations of any Borrower for all or any part of the U.S. Guaranteed Obligations
or any obligations of any other guarantor of or other Person liable for any of the U.S. Guaranteed Obligations; (iv)&#8239;any action or
failure to act by the Administrative Agent, any Issuing Bank, any Lender or any other Lender Party with respect to any collateral securing
any part of the U.S. Guaranteed Obligations; or (v)&#8239;any default, failure or delay, willful or otherwise, in the payment or performance
of any of the U.S. Guaranteed Obligations, or any other circumstance, act, omission or delay that might in any manner or to any extent
vary the risk of such U.S. Guarantor or that would otherwise operate as a discharge of any U.S. Guarantor as a matter of law or equity
(other than the payment in full in cash of the U.S. Guaranteed Obligations).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;10.04&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Defenses
Waived</U><FONT STYLE="background-color: white">. To the fullest extent permitted by applicable law, each U.S. Guarantor hereby waives
any defense based on or arising out of any defense of any Borrower or the unenforceability of all or any part of the U.S. Guaranteed Obligations
from any cause, or the cessation from any cause of the liability of any Borrower, other than the payment in full in cash of the U.S. Guaranteed
Obligations. Without limiting the generality of the foregoing, to the fullest extent permitted by applicable law, each U.S. Guarantor
irrevocably waives acceptance hereof, presentment, demand, protest and, to the fullest extent permitted by law, any notice not provided
for herein, as well as any requirement that at any time any action be taken by any Person against any U.S. Obligated Party or any other
Person. To the fullest extent permitted by applicable law, each U.S. Guarantor confirms that it is not a surety under any state law and
shall not raise any such law as a defense to its obligations hereunder. The Administrative Agent may, at its election, foreclose on any
Collateral held by it by one or more judicial or nonjudicial sales, accept an assignment of any such Collateral in lieu of foreclosure
or otherwise act or fail to act with respect to any collateral securing all or a part of the U.S. Guaranteed Obligations, compromise or
adjust any part of the U.S. Guaranteed Obligations, make any other accommodation with any U.S. Obligated Party or exercise any other right
or remedy available to it against any U.S. Obligated Party, without affecting or impairing in any way the liability of such U.S. Guarantor
under this U.S. Guarantee to the fullest extent permitted by applicable law, except to the extent the U.S. Guaranteed Obligations have
been fully and paid in cash. To the fullest extent permitted by applicable law, each U.S. Guarantor waives any defense arising out of
any such election even though that election may operate, pursuant to applicable law, to impair or extinguish any right of reimbursement
or subrogation or other right or remedy of any U.S. Guarantor against any U.S. Obligated Party or any security.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;10.05&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Rights
of Subrogation</U><FONT STYLE="background-color: white">. No U.S. Guarantor will assert any right, claim or cause of action, including,
without limitation, a claim of subrogation, contribution or indemnification that it has against any U.S. Obligated Party, or any Collateral,
until the Loan Parties have fully performed all their obligations to the Administrative Agent, the Issuing Banks, the Lenders and the
other Lender Parties.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;10.06&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Reinstatement;
Stay of Acceleration</U><FONT STYLE="background-color: white">. If at any time any payment of any portion of the U.S. Guaranteed Obligations
is rescinded or avoided or must otherwise be restored or returned upon or in connection with the insolvency, bankruptcy or reorganization
of any Borrower or otherwise, each U.S. Guarantor&rsquo;s obligations under this U.S. Guarantee with respect to that payment shall be
reinstated at such time as though the payment had not been made and whether or not the Administrative Agent, the Issuing Banks, the Lenders
or the other Lender Parties are in possession of this U.S. Guarantee. If acceleration of the time for payment of any of the U.S. Guaranteed
Obligations is stayed upon the insolvency, bankruptcy or reorganization of any Borrower, all such amounts otherwise subject to acceleration
under the terms of any agreement relating to the U.S. Guaranteed Obligations shall nonetheless be payable by the U.S. Guarantors forthwith
on demand by the Administrative Agent.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;10.07&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Information</U><FONT STYLE="background-color: white">.
Each U.S. Guarantor assumes all responsibility for being and keeping itself informed of the Borrowers&rsquo; financial condition and assets,
and of all other circumstances bearing upon the risk of nonpayment of the U.S. Guaranteed Obligations and the nature, scope and extent
of the risks that each U.S. Guarantor assumes and incurs under this U.S. Guarantee, and agrees that none of the Administrative Agent,
any Issuing Bank or any Lender shall have any duty to advise any U.S. Loan Party of information known to it regarding those circumstances
or risks.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;10.08&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Taxes</U><FONT STYLE="background-color: white">.
The provisions of Section&#8239;2.17 shall apply <I>mutatis mutandis</I> to all payments by the U.S. Guarantors of the U.S. Guaranteed
Obligations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;10.09&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Maximum
U.S. Liability</U><FONT STYLE="background-color: white">. The provisions of this U.S. Guarantee are severable, and in any action or case
or proceeding involving any state corporate law, or any state, federal or foreign bankruptcy, insolvency, reorganization, any other Insolvency
Law or other law affecting the rights of creditors generally, if the obligations of any U.S. Guarantor under this U.S. Guarantee would
otherwise be held or determined to be avoidable, invalid or unenforceable on account of the amount of such U.S. Guarantor&rsquo;s liability
under this U.S. Guarantee, then, notwithstanding any other provision of this U.S. Guarantee to the contrary, the amount of such liability
shall, without any further action by the U.S. Guarantors or the Lenders, be automatically limited and reduced to the highest amount that
is valid and enforceable as determined in such action or case or proceeding (such highest amount determined hereunder being the relevant
U.S. Guarantor&rsquo;s &ldquo;<U>Maximum U.S. Liability</U>&rdquo;). This Section&#8239;with respect to the Maximum U.S. Liability of each
U.S. Guarantor is intended solely to preserve the rights of the Lenders to the maximum extent not subject to avoidance under applicable
law, and no U.S. Guarantor nor any other Person or entity shall have any right or claim under this Section&#8239;with respect to such Maximum
U.S. Liability, except to the extent necessary so that the obligations of any U.S. Guarantor hereunder shall not be rendered voidable
under applicable law. Each U.S. Guarantor agrees that, to the fullest extent permitted by applicable law, the U.S. Guaranteed Obligations
may at any time and from time to time exceed the Maximum U.S. Liability of each U.S. Guarantor without impairing this U.S. Guarantee or
affecting the rights and remedies of the Lenders hereunder; <U>provided</U> that nothing in this sentence shall be construed to increase
any U.S. Guarantor&rsquo;s obligations hereunder beyond its Maximum U.S. Liability.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;10.10&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Contribution</U><FONT STYLE="background-color: white">.
In the event any U.S. Guarantor (a &ldquo;<U>Paying U.S. Loan Party</U>&rdquo;) shall make any payment or payments under this U.S. Guarantee
or shall suffer any loss as a result of any realization upon any collateral granted by it to secure its obligations under this U.S. Guarantee,
each other U.S. Guarantor (each, a &ldquo;<U>Non-Paying U.S. Loan Party</U>&rdquo;) shall contribute to such Paying U.S. Loan Party an
amount equal to such Non-Paying U.S. Loan Party&rsquo;s Applicable Share of such payment or payments made, or losses suffered, by such
Paying U.S. Loan Party. For purposes of this Section, each Non-Paying U.S. Loan Party&rsquo;s &ldquo;<U>Applicable Share</U>,&rdquo; with
respect to any such payment or loss by a Paying U.S. Loan Party, shall be determined as of the date on which such payment or loss was
made by reference to the ratio of (a)&#8239;such Non-Paying U.S. Loan Party&rsquo;s Maximum U.S. Liability as of such date (without giving
effect to any right to receive, or obligation to make, any contribution hereunder) or, if such Non-Paying U.S. Loan Party&rsquo;s Maximum
U.S. Liability has not been determined, the aggregate amount of all monies received by such Non-Paying U.S. Loan Party from the Borrowers
after the Effective Date (whether by loan, capital infusion or by other means) to (b)&#8239;the aggregate Maximum U.S. Liability of all
U.S. Guarantors hereunder (including such Paying U.S. Loan Party) as of such date (without giving effect to any right to receive, or obligation
to make, any contribution hereunder), or to the extent that a Maximum U.S. Liability has not been determined for any U.S. Guarantor, the
aggregate amount of all monies received by such U.S. Guarantors from the Borrowers after the Effective Date (whether by loan, capital
infusion or by other means). Nothing in this provision shall affect any U.S. Guarantor&rsquo;s several liability for the entire amount
of the U.S. Guaranteed Obligations (up to such U.S. Loan Party&rsquo;s Maximum U.S. Liability). Each of the U.S. Guarantors covenants
and agrees that its right to receive any contribution under this U.S. Guarantee from a Non-Paying U.S. Loan Party shall be subordinate
and junior in right of payment to the payment in full in cash of the U.S. Guaranteed Obligations. This provision is for the benefit of
both the Administrative Agent, the Issuing Banks, the Lenders and the U.S. Guarantors and may be enforced by any one, or more, or all
of them in accordance with the terms hereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;10.11&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Liability
Cumulative</U><FONT STYLE="background-color: white">. The liability of each U.S. Guarantor under this Article&#8239;X is in addition to
and shall be cumulative with all other liabilities of each U.S. Guarantor to the Administrative Agent, the Issuing Banks and the Lenders
under this Agreement and the other Loan Documents to which such U.S. Guarantor is a party or in respect of any obligations or liabilities
of the other U.S. Guarantors, without any limitation as to amount, unless the instrument or agreement evidencing or creating such other
liability specifically provides to the contrary.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;10.12&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Benefit
to U.S. Guarantors</U><FONT STYLE="background-color: white">. Each U.S. Guarantor represents and warrants to the Lenders that it expects
to derive benefit (and its board of directors or other governing body has determined that it may reasonably be expected to derive benefit),
directly and indirectly, from (i)&#8239;successful operations of each of the Company and its Subsidiaries and (ii)&#8239;the credit extended
by the Lenders to the Borrowers hereunder. Each U.S. Guarantor has determined that execution, delivery, and performance of this Agreement
with respect to the U.S. Guarantee and any other Loan Documents to be executed by such U.S. Guarantor is within its purpose, will be of
direct and indirect benefit to such U.S. Guarantor, and is in its best interest.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>ARTICLE&#8239;XI</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Canadian Loan Guaranty</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;11.01&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Guarantee</U><FONT STYLE="background-color: white">.
Each Canadian Loan Party hereby agrees that it is jointly and severally liable for, and absolutely and unconditionally guarantees to the
Lenders, the prompt payment when due, whether at stated maturity, upon acceleration or otherwise, and at all times thereafter, of the
Canadian Secured Obligations of each other Canadian Loan Party and all costs and expenses, including, without limitation, all court costs
and attorneys&rsquo; fees and expenses paid or incurred by the Administrative Agent, any Issuing Bank and any Lender in endeavoring to
collect all or any part of the Canadian Secured Obligations from, or in prosecuting any action against, any Canadian Borrower, any Canadian
Guarantor or any other guarantor of all or any part of the Canadian Secured Obligations (such costs and expenses, together with the Canadian
Secured Obligations, collectively, the &ldquo;<U>Canadian Guaranteed Obligations</U>&rdquo;). Each Canadian Guarantor further agrees that
the Canadian Guaranteed Obligations may be extended or renewed in whole or in part without notice to or further assent from it, and that
it remains bound upon its guarantee notwithstanding any such extension or renewal. All terms of this Canadian Guarantee apply to and may
be enforced by or on behalf of any domestic or foreign branch or Affiliate of any Lender or Issuing Bank that extended any portion of
the Canadian Guaranteed Obligations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;11.02&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Guarantee
of Payment</U><FONT STYLE="background-color: white">. This Canadian Guarantee is a guaranty of payment and not of collection. Each Canadian
Guarantor waives, to the fullest extent permitted by applicable law, any right to require the Administrative Agent, any Issuing Bank or
any Lender (each, a &ldquo;<U>Canadian Obligated Party</U>&rdquo;) to sue any Canadian Borrower, any Canadian Guarantor, any other guarantor,
or any other Person obligated for all or any part of the Canadian Guaranteed Obligations, or otherwise to enforce its payment against
any collateral securing all or any part of the Canadian Guaranteed Obligations. In addition, as an original and independent obligation
under this Canadian Guarantee, each Canadian Loan Party shall:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;indemnify
each Canadian Obligated Party and its successors, endorsees, transferees and assigns and keep the Canadian Obligated Parties indemnified
against all costs, losses, expenses and liabilities of whatever kind resulting from the failure by the Canadian Loan Parties or any of
them, to make due and punctual payment of any of the Canadian Secured Obligations or resulting from any of the Canadian Secured Obligations
being or becoming void, voidable, unenforceable or ineffective against any Canadian Loan Party (including, but without limitation, all
legal and other costs, charges and expenses incurred by each Canadian Obligated Party, or any of them, in connection with preserving or
enforcing, or attempting to preserve or enforce, its rights under this Canadian Guarantee); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;pay
on demand the amount of such costs, losses, expenses and liabilities whether or not any of the Canadian Obligated Parties has attempted
to enforce any rights against any Canadian Loan Party with respect to the Canadian Secured Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;11.03&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>No
Discharge or Diminishment of Canadian Guarantee</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Except
as otherwise provided for herein, to the fullest extent permitted by applicable law, the obligations of each Canadian Loan Party hereunder
are unconditional and absolute and not subject to any reduction, limitation, impairment or termination for any reason (other than the
payment in full in cash of the Canadian Guaranteed Obligations), including: (i)&#8239;any claim of waiver, release, extension, renewal,
settlement, surrender, alteration or compromise of any of the Canadian Guaranteed Obligations, by operation of law or otherwise; (ii)&#8239;any
change in the corporate existence, structure or ownership of any Canadian Borrower or any other Canadian Obligated Party liable for any
of the Canadian Guaranteed Obligations; (iii)&#8239;any insolvency, bankruptcy, winding-up, liquidation, reorganization or other similar
case or proceeding affecting any Canadian Obligated Party or their assets or any resulting release or discharge of any obligation of any
Canadian Obligated Party; or (iv)&#8239;the existence of any claim, setoff or other rights which any Canadian Loan Party may have at any
time against any Canadian Obligated Party, the Administrative Agent, each Issuing Bank, any Lender or any other person, whether in connection
herewith or in any unrelated transactions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
obligations of each Canadian Loan Party hereunder, to the fullest extent permitted by applicable law, are not subject to any defense or
setoff, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of any of the Canadian
Guaranteed Obligations or otherwise, or any provision of applicable law or regulation purporting to prohibit payment by any Canadian Obligated
Party, of the Canadian Guaranteed Obligations or any part thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Further,
to the fullest extent permitted by applicable law, the obligations of any Canadian Loan Party hereunder are not discharged or impaired
or otherwise affected by: (i)&#8239;the failure of the Administrative Agent, any Issuing Bank or any Lender to assert any claim or demand
or to enforce any remedy with respect to all or any part of the Canadian Guaranteed Obligations; (ii)&#8239;any waiver or modification
of or supplement to any provision of any agreement relating to the Canadian Guaranteed Obligations; (iii)&#8239;any release, non-perfection
or invalidity of any indirect or direct security for the obligations of the Canadian Borrowers for all or any part of the Canadian Guaranteed
Obligations or any obligations of any other Canadian Obligated Party liable for any of the Canadian Guaranteed Obligations; (iv)&#8239;any
action or failure to act by the Administrative Agent, any Issuing Bank or any Lender with respect to any collateral securing any part
of the Canadian Guaranteed Obligations; or (v)&#8239;any default, failure or delay, willful or otherwise, in the payment or performance
of any of the Canadian Guaranteed Obligations, or any other circumstance, act, omission or delay that might in any manner or to any extent
vary the risk of such Canadian Loan Party or that would otherwise operate as a discharge of any Canadian Loan Party as a matter of law
or equity (other than the payment in full in cash of the Canadian Guaranteed Obligations).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;11.04&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Defenses
Waived</U><FONT STYLE="background-color: white">. To the fullest extent permitted by applicable law, each Canadian Loan Party hereby waives
any defense based on or arising out of any defense of any Canadian Loan Party or the unenforceability of all or any part of the Canadian
Guaranteed Obligations from any cause, or the cessation from any cause of the liability of any Canadian Loan Party, other than the payment
in full in cash of the Canadian Guaranteed Obligations. Without limiting the generality of the foregoing, to the fullest extent permitted
by applicable law, each Canadian Loan Party irrevocably waives acceptance hereof, presentment, demand, protest and, to the fullest extent
permitted by law, any notice not provided for herein, as well as any requirement that at any time any action be taken by any Person against
any Canadian Obligated Party, or any other Person. To the fullest extent permitted by applicable law, each Canadian Loan Party confirms
that it is not a surety under any state law and shall not raise any such law as a defense to its obligations hereunder. The Administrative
Agent may, at its election, foreclose on, or otherwise enforce against, any Collateral held by it by one or more judicial or nonjudicial
sales, accept an assignment of any such Collateral in lieu of foreclosure or otherwise act or fail to act with respect to any collateral
securing all or a part of the Canadian Guaranteed Obligations, compromise or adjust any part of the Canadian Guaranteed Obligations, make
any other accommodation with any Canadian Obligated Party or exercise any other right or remedy available to it against any Canadian Obligated
Party, without affecting or impairing in any way the liability of such Canadian Guarantor under this Canadian Guarantee to the fullest
extent permitted by applicable law, except to the extent the Canadian Guaranteed Obligations have been fully paid in cash. To the fullest
extent permitted by applicable law, each Canadian Loan Party waives any defense arising out of any such election even though that election
may operate, pursuant to applicable law, to impair or extinguish any right of reimbursement or subrogation or other right or remedy of
any Canadian Loan Party against any Canadian Obligated Party or any security.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;11.05&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Rights
of Subrogation</U><FONT STYLE="background-color: white">. No Canadian Loan Party will assert any right, claim or cause of action, including,
without limitation, a claim of subrogation, contribution or indemnification, that it has against any Canadian Obligated Party, or any
Collateral, until the Canadian Loan Parties have fully performed all their obligations to the Administrative Agent, the Issuing Banks
and the Lenders.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;11.06&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Reinstatement;
Stay of Acceleration</U><FONT STYLE="background-color: white">. If at any time any payment of any portion of the Canadian Guaranteed Obligations
is rescinded or avoided or must otherwise be restored or returned upon or in connection with the insolvency, bankruptcy or reorganization
of any Canadian Loan Party or otherwise, each Canadian Loan Party&rsquo;s obligations under this Canadian Guarantee with respect to that
payment shall be reinstated at such time as though the payment had not been made and whether or not the Administrative Agent, any Issuing
Bank and the Lenders are in possession of this Canadian Guarantee. If acceleration of the time for payment of any of the Canadian Guaranteed
Obligations is stayed upon the insolvency, bankruptcy or reorganization of any Canadian Loan Party, all such amounts otherwise subject
to acceleration under the terms of any agreement relating to the Canadian Guaranteed Obligations shall nonetheless be payable by the Canadian
Loan Parties promptly on demand by the Administrative Agent.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;11.07&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Information</U><FONT STYLE="background-color: white">.
Each Canadian Loan Party assumes all responsibility for being and keeping itself informed of the other Canadian Loan Party&rsquo;s financial
condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the Canadian Guaranteed Obligations and the
nature, scope and extent of the risks that each Canadian Loan Party assumes and incurs under this Canadian Guarantee, and agrees that
neither the Administrative Agent, any Issuing Bank nor any Lender shall have any duty to advise any Canadian Loan Party of information
known to it regarding those circumstances or risks.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;11.08&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Maximum
Canadian Liability</U><FONT STYLE="background-color: white">. In any action or case or proceeding involving any corporate law, or any
provincial, territorial, state, federal or foreign bankruptcy, insolvency, reorganization, or any other Insolvency Law or other law affecting
the rights of creditors generally, if the obligations of any Canadian Loan Party under this Canadian Guarantee would otherwise be held
or determined to be void, voidable, avoidable, invalid or unenforceable on account of the amount of such Canadian Loan Party&rsquo;s liability
under this Canadian Guarantee, then, notwithstanding any other provision of this Canadian Guarantee to the contrary, the amount of such
liability shall, without any further action by the Canadian Guarantors or the Administrative Agent, any Issuing Bank or any Lender, be
automatically limited and reduced to the highest amount that is valid and enforceable as determined in such action or case or proceeding
(such highest amount determined hereunder being the relevant Canadian Loan Party&rsquo;s &ldquo;<U>Maximum Canadian Liability</U>.&rdquo;
This Section&#8239;with respect to the Maximum Canadian Liability of each Canadian Loan Party is intended solely to preserve the rights
of the Administrative Agent, the Issuing Banks and the Lenders to the maximum extent not subject to avoidance under applicable law, and
no Canadian Loan Party nor any other Person shall have any right or claim under this Section&#8239;with respect to such Maximum Canadian
Liability, except to the extent necessary so that the obligations of any Canadian Loan Party hereunder shall not be rendered voidable
under applicable law. Each Canadian Loan Party agrees that, to the fullest extent permitted by applicable law, the Canadian Guaranteed
Obligations may at any time and from time to time exceed the Maximum Canadian Liability of each Canadian Loan Party without impairing
this Canadian Guarantee or affecting the rights and remedies of the Administrative Agent, the Issuing Banks or the Lenders hereunder,
<U>provided</U> that, nothing in this sentence shall be construed to increase any Canadian Loan Party&rsquo;s obligations hereunder beyond
its Maximum Canadian Liability.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;11.09&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Contribution</U><FONT STYLE="background-color: white">.
In the event any Canadian Loan Party (a &ldquo;<U>Paying Canadian Loan Party</U>&rdquo;) shall make any payment or payments under this
Canadian Guarantee or shall suffer any loss as a result of any realization upon any collateral granted by it to secure its obligations
under this Canadian Guarantee, each other Canadian Loan Party (each, a &ldquo;<U>Non-Paying Canadian Loan Party</U>&rdquo;) shall contribute
to such Paying Canadian Loan Party an amount equal to such Non-Paying Canadian Loan Party&rsquo;s &ldquo;Applicable Percentage&rdquo;
of such payment or payments made, or losses suffered, by such Paying Canadian Loan Party. For purposes of this Article&#8239;XI, each Non-Paying
Canadian Loan Party&rsquo;s &ldquo;Applicable Percentage&rdquo; with respect to any such payment or loss by a Paying Canadian Loan Party
shall be determined as of the date on which such payment or loss was made by reference to the ratio of (i)&#8239;such Non-Paying Canadian
Loan Party&rsquo;s Maximum Canadian Liability as of such date (without giving effect to any right to receive, or obligation to make, any
contribution hereunder) or, if such Non-Paying Canadian Loan Party&rsquo;s Maximum Canadian Liability has not been determined, the aggregate
amount of all monies received by such Non-Paying Canadian Loan Party from the other Canadian Loan Parties after the Effective Date (whether
by loan, capital infusion or by other means) to (ii)&#8239;the aggregate Maximum Canadian Liability of all Canadian Loan Parties hereunder
(including such Paying Canadian Loan Party) as of such date (without giving effect to any right to receive, or obligation to make, any
contribution hereunder), or to the extent that a Maximum Canadian Liability has not been determined for any Canadian Loan Party, the aggregate
amount of all monies received by such Canadian Loan Parties from the other Canadian Loan Parties after the Effective Date (whether by
loan, capital infusion or by other means). Nothing in this provision shall affect any Canadian Loan Party&rsquo;s several liability for
the entire amount of the Canadian Guaranteed Obligations (up to such Canadian Loan Party&rsquo;s Maximum Canadian Liability). Each of
the Canadian Loan Parties covenants and agrees that its right to receive any contribution under this Canadian Guarantee from a Non-Paying
Canadian Loan Party shall be subordinate and junior in right of payment to the payment in full in cash of the Canadian Guaranteed Obligations.
This provision is for the benefit of all of the Administrative Agent, the Issuing Banks, the Lenders and the Canadian Guarantors and may
be enforced by any one, or more, or all of them in accordance with the terms hereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;11.10&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Liability
Cumulative</U><FONT STYLE="background-color: white">. The liability of each Canadian Loan Party under this Article&#8239;XI is in addition
to and shall be cumulative with all liabilities of each Canadian Loan Party to the Administrative Agent, the Issuing Banks and the Lenders
under this Agreement and the other Loan Documents to which such Canadian Loan Party is a party or in respect of any obligations or liabilities
of the other Canadian Loan Parties, without any limitation as to amount, unless the instrument or agreement evidencing or creating such
other liability specifically provides to the contrary.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>ARTICLE&#8239;XII</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>French Loan Guaranty</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;12.01&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Guarantee</U><FONT STYLE="background-color: white">.
Each French Loan Party hereby agrees that it is jointly and severally liable for, and absolutely and unconditionally guarantees to the
Lenders, the prompt payment when due, whether at stated maturity, upon acceleration or otherwise, and at all times thereafter, of the
French Secured Obligations and all costs and expenses, including, without limitation, all court costs and attorneys&rsquo; fees and expenses
paid or incurred by the Administrative Agent, any Issuing Bank and any Lender in endeavoring to collect all or any part of the French
Secured Obligations from, or in prosecuting any action against, any French Borrower, any French Guarantor or any other guarantor of all
or any part of the French Secured Obligations, in any case in accordance with provisions of Section&#8239;12.09 (such costs and expenses,
together with the French Secured Obligations, collectively, the &ldquo;<U>French Guaranteed Obligations</U>&rdquo;). Each French Guarantor
further agrees that the French Guaranteed Obligations may be extended or renewed in whole or in part without notice to or further assent
from it, and that it remains bound upon its guarantee notwithstanding any such extension or renewal. All terms of this French Guarantee
apply to and may be enforced by or on behalf of any domestic or foreign branch or Affiliate of any Lender or Issuing Bank that extended
any portion of the French Guaranteed Obligations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;12.02&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Guarantee
of Payment</U><FONT STYLE="background-color: white">. This French Guarantee is a guaranty of payment and not of collection. Each French
Guarantor waives, to the fullest extent permitted by applicable law, any right to require the Administrative Agent, any Issuing Bank or
any Lender (each, a &ldquo;<U>French Obligated Party</U>&rdquo;) to sue any French Borrower, any French Guarantor, any other guarantor,
or any other Person obligated for all or any part of the French Guaranteed Obligations, or otherwise to enforce its payment against any
collateral securing all or any part of the French Guaranteed Obligations. In addition, as an original and independent obligation under
this French Guarantee, each French Loan Party shall:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;indemnify
each French Obligated Party and its successors, endorsees, transferees and assigns and keep the French Obligated Parties indemnified against
all costs, losses, expenses and liabilities of whatever kind resulting from the failure by the French Loan Parties or any of them, to
make due and punctual payment of any of the French Secured Obligations or resulting from any of the French Secured Obligations being or
becoming void, voidable, unenforceable or ineffective against any French Loan Party (including, but without limitation, all legal and
other costs, charges and expenses incurred by each French Obligated Party, or any of them, in connection with preserving or enforcing,
or attempting to preserve or enforce, its rights under this French Guarantee); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;pay
on demand the amount of such costs, losses, expenses and liabilities whether or not any of the French Obligated Parties has attempted
to enforce any rights against any French Loan Party with respect to the French Secured Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;12.03&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>No
Discharge or Diminishment of French Guarantee</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Except
as otherwise provided for herein, to the fullest extent permitted by applicable law, the obligations of each French Loan Party hereunder
are unconditional and absolute and not subject to any reduction, limitation, impairment or termination for any reason (other than the
payment in full in cash of the French Guaranteed Obligations), including: (i)&#8239;any claim of waiver, release, extension, renewal, settlement,
surrender, alteration or compromise of any of the French Guaranteed Obligations, by operation of law or otherwise; (ii)&#8239;any change
in the corporate existence, structure or ownership of any French Borrower or any other French Obligated Party liable for any of the French
Guaranteed Obligations; (iii)&#8239;any insolvency, bankruptcy, winding-up, liquidation, reorganization or other similar case or proceeding
affecting any French Obligated Party or their assets or any resulting release or discharge of any obligation of any French Obligated Party;
or (iv)&#8239;the existence of any claim, setoff or other rights which any French Loan Party may have at any time against any French Obligated
Party, the Administrative Agent, each Issuing Bank, any Lender or any other person, whether in connection herewith or in any unrelated
transactions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
obligations of each French Loan Party hereunder, to the fullest extent permitted by applicable law, are not subject to any defense or
setoff, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of any of the French
Guaranteed Obligations or otherwise, or any provision of applicable law or regulation purporting to prohibit payment by any French Obligated
Party, of the French Guaranteed Obligations or any part thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Further,
to the fullest extent permitted by applicable law, the obligations of any French Loan Party hereunder are not discharged or impaired or
otherwise affected by: (i)&#8239;the failure of the Administrative Agent, any Issuing Bank or any Lender to assert any claim or demand
or to enforce any remedy with respect to all or any part of the French Guaranteed Obligations; (ii)&#8239;any waiver or modification of
or supplement to any provision of any agreement relating to the French Guaranteed Obligations; (iii)&#8239;any release, non-perfection
or invalidity of any indirect or direct security for the obligations of the French Borrowers for all or any part of the French Guaranteed
Obligations or any obligations of any other French Obligated Party liable for any of the French Guaranteed Obligations; (iv)&#8239;any
action or failure to act by the Administrative Agent, any Issuing Bank or any Lender with respect to any collateral securing any part
of the French Guaranteed Obligations; or (v)&#8239;any default, failure or delay, willful or otherwise, in the payment or performance of
any of the French Guaranteed Obligations, or any other circumstance, act, omission or delay that might in any manner or to any extent
vary the risk of such French Loan Party or that would otherwise operate as a discharge of any French Loan Party as a matter of law or
equity (other than the payment in full in cash of the French Guaranteed Obligations).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;12.04&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Defenses
Waived</U><FONT STYLE="background-color: white">. To the fullest extent permitted by applicable law, each French Loan Party hereby waives
any defense based on or arising out of any defense of any French Loan Party or the unenforceability of all or any part of the French Guaranteed
Obligations from any cause, or the cessation from any cause of the liability of any French Loan Party, other than the payment in full
in cash of the French Guaranteed Obligations. Without limiting the generality of the foregoing, to the fullest extent permitted by applicable
law, each French Loan Party irrevocably waives acceptance hereof, presentment, demand, protest and, to the fullest extent permitted by
law, any notice not provided for herein, as well as any requirement that at any time any action be taken by any Person against any French
Obligated Party, or any other Person. To the fullest extent permitted by applicable law, each French Loan Party confirms that it is not
a surety under any state law and shall not raise any such law as a defense to its obligations hereunder. The Administrative Agent may,
at its election, foreclose on, or otherwise enforce against, any Collateral held by it by one or more judicial or nonjudicial sales, accept
an assignment of any such Collateral in lieu of foreclosure or otherwise act or fail to act with respect to any collateral securing all
or a part of the French Guaranteed Obligations, compromise or adjust any part of the French Guaranteed Obligations, make any other accommodation
with any French Obligated Party or exercise any other right or remedy available to it against any French Obligated Party, without affecting
or impairing in any way the liability of such French Guarantor under this French Guarantee to the fullest extent permitted by applicable
law, except to the extent the French Guaranteed Obligations have been fully paid in cash. To the fullest extent permitted by applicable
law, each French Loan Party waives any defense arising out of any such election even though that election may operate, pursuant to applicable
law, to impair or extinguish any right of reimbursement or subrogation or other right or remedy of any French Loan Party against any French
Obligated Party or any security.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;12.05&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Rights
of Subrogation</U><FONT STYLE="background-color: white">. No French Loan Party will assert any right, claim or cause of action, including,
without limitation, a claim of subrogation, contribution or indemnification, that it has against any French Obligated Party, or any Collateral,
until the French Loan Parties have fully performed all their obligations to the Administrative Agent, the Issuing Banks and the Lenders.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;12.06&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Reinstatement;
Stay of Acceleration</U><FONT STYLE="background-color: white">. If at any time any payment of any portion of the French Guaranteed Obligations
is rescinded or avoided or must otherwise be restored or returned upon or in connection with the insolvency, bankruptcy or reorganization
of any French Loan Party or otherwise, each French Loan Party&rsquo;s obligations under this French Guarantee with respect to that payment
shall be reinstated at such time as though the payment had not been made and whether or not the Administrative Agent, any Issuing Bank
and the Lenders are in possession of this French Guarantee. If acceleration of the time for payment of any of the French Guaranteed Obligations
is stayed upon the insolvency, bankruptcy or reorganization of any French Loan Party, all such amounts otherwise subject to acceleration
under the terms of any agreement relating to the French Guaranteed Obligations shall nonetheless be payable by the French Loan Parties
promptly on demand by the Administrative Agent.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;12.07&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Information</U><FONT STYLE="background-color: white">.
Each French Loan Party assumes all responsibility for being and keeping itself informed of the other French Loan Party&rsquo;s financial
condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the French Guaranteed Obligations and the
nature, scope and extent of the risks that each French Loan Party assumes and incurs under this French Guarantee, and agrees that neither
the Administrative Agent, any Issuing Bank nor any Lender shall have any duty to advise any French Loan Party of information known to
it regarding those circumstances or risks.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;12.08&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Maximum
French Liability</U><FONT STYLE="background-color: white">. In any action or case or proceeding involving any corporate law, or any provincial,
territorial, state, federal or foreign bankruptcy, insolvency, reorganization, or any other Insolvency Law or other law affecting the
rights of creditors generally, if the obligations of any French Loan Party under this French Guarantee would otherwise be held or determined
to be void, voidable, avoidable, invalid or unenforceable on account of the amount of such French Loan Party&rsquo;s liability under this
French Guarantee, then, notwithstanding any other provision of this French Guarantee to the contrary, the amount of such liability shall,
without any further action by the French Guarantors or the Administrative Agent, any Issuing Bank or any Lender, be automatically limited
and reduced to the highest amount that is valid and enforceable as determined in such action or case or proceeding (such highest amount
determined hereunder being the relevant French Loan Party&rsquo;s &ldquo;<U>Maximum French Liability</U>.&rdquo;) This Section&#8239;with
respect to the Maximum French Liability of each French Loan Party is intended solely to preserve the rights of the Administrative Agent,
the Issuing Banks and the Lenders to the maximum extent not subject to avoidance under applicable law, and no French Loan Party nor any
other Person shall have any right or claim under this Section&#8239;with respect to such Maximum French Liability, except to the extent
necessary so that the obligations of any French Loan Party hereunder shall not be rendered voidable under applicable law. Each French
Loan Party agrees that, to the fullest extent permitted by applicable law, the French Guaranteed Obligations may at any time and from
time to time exceed the Maximum French Liability of each French Loan Party without impairing this French Guarantee or affecting the rights
and remedies of the Administrative Agent, the Issuing Banks or the Lenders hereunder, <U>provided</U> that, nothing in this sentence shall
be construed to increase any French Loan Party&rsquo;s obligations hereunder beyond its Maximum French Liability.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;12.09&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>French
Guarantee Limitations</U><FONT STYLE="background-color: white">. Notwithstanding any other provision of this French Loan Guaranty to the
contrary:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
Guaranteed Obligations of each French Loan Party under this French Loan Guaranty shall be limited to (i)&#8239;the payment obligations
of the direct or indirect Subsidiaries of that French Loan Party under this Agreement and other Loan Documents and incurred by those Subsidiaries
as Borrower and not as Guarantor (if they are not French Loan Party) or as Borrower and/or Guarantors (if they are French Loan Party);
and (ii)&#8239;the payment obligations of any other Loan Party or Subsidiary of a Loan Party under this Agreement and other Loan Documents
which is not a direct or indirect Subsidiary of that French Loan Party (a &ldquo;<U>Guaranteed Loan Party</U>&rdquo;), limited at any
time (A)&#8239;to the payments obligations of that Guaranteed Loan Party but (B)&#8239;not exceeding the aggregate of all amounts in principal
and interest borrowed by that Loan Party to the extent directly or indirectly on lent or otherwise made available by that Guaranteed Loan
Party to that French Loan Party or its Subsidiaries by way of intra group loans funded out of the proceeds of the relevant Loans or similar
arrangements and outstanding on the date that French Loan Party must pay under this Article&#8239;XII), it being specified that (1)&#8239;any
payment made by such French Loan Party under this Article&#8239;XII in respect of the obligations of any Guaranteed Loan Party shall reduce
<I>pro tanto</I> the outstanding amount of the intra-group loans (if any) due by such French Guarantor to that Guaranteed Loan Party under
the relevant intercompany loan arrangements referred to above and that (2)&#8239;for the avoidance of doubt, any payment made by a French
Loan Party under this French Loan Guaranty in respect of the obligations of that French Loan Party shall reduce <I>pro tanto </I>the outstanding
amount of the intra group loans due by that French Loan Party under the intra group loans referred to above;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;a
French Loan Party shall not secure liabilities under this Agreement or other Loan Documents which (i)&#8239;would result in that French
Loan Party not complying with French financial assistance rules&#8239;set out in article L. 225-216 of the French Commercial Code and/or
(ii)&#8239;would constitute a misuse of corporate assets within the meaning of article L. 241-3 or L. 242-6 of the French Commercial Code
or any other law or regulations having the same effect, as interpreted by French courts or any other law or regulations having the same
effect, as interpreted by French courts and/or (iii)&#8239;would give rise to personal liability for the directors of that French Loan
Party and/or (iv)&#8239;would not be authorized under article L. 511-7 of the French Monetary and Financial Code; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;for
the avoidance of doubt, any reference in this French Loan Guaranty to the joint and several liability of the French Loan Parties shall
be construed as a joint and several liability subject to the limitations set forth in this Section&#8239;12.09;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;notwithstanding
any provision to the contrary in this Agreement, to the extent that any provision of this Agreement, or any certificate, notice or other
document delivered pursuant or in connection with this Agreement is a guarantee by a French Loan Party of the obligations of any other
person, or an undertaking, covenant, obligation, representation or warranty for any other person, then that French Loan Party shall not
be bound by any such guarantee, undertaking, covenant, obligation, representation or warranty, save if made in respect of a group company
controlled by that French Loan Party within the meaning of article L. 233-3 I., 1&deg; and 2&deg; of the French Commercial Code;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;for
the avoidance of doubt, for the purpose of the present Section&#8239;12.09, &ldquo;Subsidiary&rdquo; means, in relation to any company,
another which is controlled by it within the meaning of article L. 233-3 I., 1&deg; and 2&deg; of the French Commercial Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;12.10&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Contribution</U><FONT STYLE="background-color: white">.
In the event any French Loan Party (a &ldquo;<U>Paying French Loan Party</U>&rdquo;) shall make any payment or payments under this French
Guarantee or shall suffer any loss as a result of any realization upon any collateral granted by it to secure its obligations under this
French Guarantee, each other French Loan Party (each, a &ldquo;<U>Non-Paying French Loan Party</U>&rdquo;) shall contribute to such Paying
French Loan Party an amount equal to such Non-Paying French Loan Party&rsquo;s &ldquo;Applicable Percentage&rdquo; of such payment or
payments made, or losses suffered, by such Paying French Loan Party. For purposes of this Article&#8239;XII, each Non-Paying French Loan
Party&rsquo;s &ldquo;Applicable Percentage&rdquo; with respect to any such payment or loss by a Paying French Loan Party shall be determined
as of the date on which such payment or loss was made by reference to the ratio of (i)&#8239;such Non-Paying French Loan Party&rsquo;s
Maximum French Liability as of such date (without giving effect to any right to receive, or obligation to make, any contribution hereunder)
or, if such Non-Paying French Loan Party&rsquo;s Maximum French Liability has not been determined, the aggregate amount of all monies
received by such Non-Paying French Loan Party from the other French Loan Parties after the Effective Date (whether by loan, capital infusion
or by other means) to (ii)&#8239;the aggregate Maximum French Liability of all French Loan Parties hereunder (including such Paying French
Loan Party) as of such date (without giving effect to any right to receive, or obligation to make, any contribution hereunder), or to
the extent that a Maximum French Liability has not been determined for any French Loan Party, the aggregate amount of all monies received
by such French Loan Parties from the other French Loan Parties after the Effective Date (whether by loan, capital infusion or by other
means). Nothing in this provision shall affect any French Loan Party&rsquo;s several liability for the entire amount of the French Guaranteed
Obligations (up to such French Loan Party&rsquo;s Maximum French Liability). Each of the French Loan Parties covenants and agrees that
its right to receive any contribution under this French Guarantee from a Non-Paying French Loan Party shall be subordinate and junior
in right of payment to the payment in full in cash of the French Guaranteed Obligations. This provision is for the benefit of all of the
Administrative Agent, the Issuing Banks, the Lenders and the French Guarantors and may be enforced by any one, or more, or all of them
in accordance with the terms hereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;12.11&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Liability
Cumulative</U><FONT STYLE="background-color: white">. The liability of each French Loan Party under this Article&#8239;XII is in addition
to and shall be cumulative with all liabilities of each French Loan Party to the Administrative Agent, the Issuing Banks and the Lenders
under this Agreement and the other Loan Documents to which such French Loan Party is a party or in respect of any obligations or liabilities
of the other French Loan Parties, without any limitation as to amount, unless the instrument or agreement evidencing or creating such
other liability specifically provides to the contrary.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>ARTICLE&#8239;XIII</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>German Loan Guaranty</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;13.01&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Guarantee</U><FONT STYLE="background-color: white">.
Each German Loan Party hereby agrees that it is jointly and severally liable for, and absolutely and unconditionally guarantees to the
Lenders, the prompt payment when due, whether at stated maturity, upon acceleration or otherwise, and at all times thereafter, of the
German Secured Obligations and all costs and expenses, including, without limitation, all court costs and attorneys&rsquo; fees and expenses
paid or incurred by the Administrative Agent, any Issuing Bank and any Lender in endeavoring to collect all or any part of the German
Secured Obligations from, or in prosecuting any action against, any German Borrower, any German Guarantor or any other guarantor of all
or any part of the German Secured Obligations (such costs and expenses, together with the German Secured Obligations, collectively, the
 &ldquo;<U>German Guaranteed Obligations</U>&rdquo;). Each German Guarantor further agrees that the German Guaranteed Obligations may be
extended or renewed in whole or in part without notice to or further assent from it, and that it remains bound upon its guarantee notwithstanding
any such extension or renewal. All terms of this German Guarantee apply to and may be enforced by or on behalf of any domestic or foreign
branch or Affiliate of any Lender or Issuing Bank that extended any portion of the German Guaranteed Obligations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;13.02&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Guarantee
of Payment</U><FONT STYLE="background-color: white">. This German Guarantee is a guaranty of payment and not of collection. Each German
Guarantor waives, to the fullest extent permitted by applicable law, any right to require the Administrative Agent, any Issuing Bank or
any Lender (each, a &ldquo;<U>German Obligated Party</U>&rdquo;) to sue any German Borrower, any German Guarantor, any other guarantor,
or any other Person obligated for all or any part of the German Guaranteed Obligations, or otherwise to enforce its payment against any
collateral securing all or any part of the German Guaranteed Obligations. In addition, as an original and independent obligation under
this German Guarantee, each German Loan Party shall:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;indemnify
each German Obligated Party and its successors, endorsees, transferees and assigns and keep the German Obligated Parties indemnified against
all costs, losses, expenses and liabilities of whatever kind resulting from the failure by the German Loan Parties or any of them, to
make due and punctual payment of any of the German Secured Obligations or resulting from any of the German Secured Obligations being or
becoming void, voidable, unenforceable or ineffective against any German Loan Party (including, but without limitation, all legal and
other costs, charges and expenses incurred by each German Obligated Party, or any of them, in connection with preserving or enforcing,
or attempting to preserve or enforce, its rights under this German Guarantee); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;pay
on demand the amount of such costs, losses, expenses and liabilities whether or not any of the German Obligated Parties has attempted
to enforce any rights against any German Loan Party with respect to the German Secured Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;13.03&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>No
Discharge or Diminishment of German Guarantee</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Except
as otherwise provided for herein, to the fullest extent permitted by applicable law, the obligations of each German Loan Party hereunder
are unconditional and absolute and not subject to any reduction, limitation, impairment or termination for any reason (other than the
payment in full in cash of the German Guaranteed Obligations), including: (i)&#8239;any claim of waiver, release, extension, renewal, settlement,
surrender, alteration or compromise of any of the German Guaranteed Obligations, by operation of law or otherwise; (ii)&#8239;any change
in the corporate existence, structure or ownership of any German Borrower or any other German Obligated Party liable for any of the German
Guaranteed Obligations; (iii)&#8239;any insolvency, bankruptcy, winding-up, liquidation, reorganization or other similar case or proceeding
affecting any German Obligated Party or their assets or any resulting release or discharge of any obligation of any German Obligated Party;
or (iv)&#8239;the existence of any claim, setoff or other rights which any German Loan Party may have at any time against any German Obligated
Party, the Administrative Agent, each Issuing Bank, any Lender or any other person, whether in connection herewith or in any unrelated
transactions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
obligations of each German Loan Party hereunder, to the fullest extent permitted by applicable law, are not subject to any defense or
setoff, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of any of the German
Guaranteed Obligations or otherwise, or any provision of applicable law or regulation purporting to prohibit payment by any German Obligated
Party, of the German Guaranteed Obligations or any part thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Further,
to the fullest extent permitted by applicable law, the obligations of any German Loan Party hereunder are not discharged or impaired or
otherwise affected by: (i)&#8239;the failure of the Administrative Agent, any Issuing Bank or any Lender to assert any claim or demand
or to enforce any remedy with respect to all or any part of the German Guaranteed Obligations; (ii)&#8239;any waiver or modification of
or supplement to any provision of any agreement relating to the German Guaranteed Obligations; (iii)&#8239;any release, non-perfection
or invalidity of any indirect or direct security for the obligations of the German Borrowers for all or any part of the German Guaranteed
Obligations or any obligations of any other German Obligated Party liable for any of the German Guaranteed Obligations; (iv)&#8239;any
action or failure to act by the Administrative Agent, any Issuing Bank or any Lender with respect to any collateral securing any part
of the German Guaranteed Obligations; or (v)&#8239;any default, failure or delay, willful or otherwise, in the payment or performance of
any of the German Guaranteed Obligations, or any other circumstance, act, omission or delay that might in any manner or to any extent
vary the risk of such German Loan Party or that would otherwise operate as a discharge of any German Loan Party as a matter of law or
equity (other than the payment in full in cash of the German Guaranteed Obligations).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;13.04&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Defenses
Waived</U><FONT STYLE="background-color: white">. To the fullest extent permitted by applicable law, each German Loan Party hereby waives
any defense based on or arising out of any defense of any German Loan Party or the unenforceability of all or any part of the German Guaranteed
Obligations from any cause, or the cessation from any cause of the liability of any German Loan Party, other than the payment in full
in cash of the German Guaranteed Obligations. Without limiting the generality of the foregoing, to the fullest extent permitted by applicable
law, each German Loan Party irrevocably waives acceptance hereof, presentment, demand, protest and, to the fullest extent permitted by
law, any notice not provided for herein, as well as any requirement that at any time any action be taken by any Person against any German
Obligated Party, or any other Person. To the fullest extent permitted by applicable law, each German Loan Party confirms that it is not
a surety under any state law and shall not raise any such law as a defense to its obligations hereunder. The Administrative Agent may,
at its election, foreclose on, or otherwise enforce against, any Collateral held by it by one or more judicial or nonjudicial sales, accept
an assignment of any such Collateral in lieu of foreclosure or otherwise act or fail to act with respect to any collateral securing all
or a part of the German Guaranteed Obligations, compromise or adjust any part of the German Guaranteed Obligations, make any other accommodation
with any German Obligated Party or exercise any other right or remedy available to it against any German Obligated Party, without affecting
or impairing in any way the liability of such German Guarantor under this German Guarantee to the fullest extent permitted by applicable
law, except to the extent the German Guaranteed Obligations have been fully paid in cash. To the fullest extent permitted by applicable
law, each German Loan Party waives any defense arising out of any such election even though that election may operate, pursuant to applicable
law, to impair or extinguish any right of reimbursement or subrogation or other right or remedy of any German Loan Party against any German
Obligated Party or any security.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;13.05&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Rights
of Subrogation</U><FONT STYLE="background-color: white">. No German Loan Party will assert any right, claim or cause of action, including,
without limitation, a claim of subrogation, contribution or indemnification, that it has against any German Obligated Party, or any Collateral,
until the German Loan Parties have fully performed all their obligations to the Administrative Agent, the Issuing Banks and the Lenders.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;13.06&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Reinstatement;
Stay of Acceleration</U><FONT STYLE="background-color: white">. If at any time any payment of any portion of the German Guaranteed Obligations
is rescinded or avoided or must otherwise be restored or returned upon or in connection with the insolvency, bankruptcy or reorganization
of any German Loan Party or otherwise, each German Loan Party&rsquo;s obligations under this German Guarantee with respect to that payment
shall be reinstated at such time as though the payment had not been made and whether or not the Administrative Agent, any Issuing Bank
and the Lenders are in possession of this German Guarantee. If acceleration of the time for payment of any of the German Guaranteed Obligations
is stayed upon the insolvency, bankruptcy or reorganization of any German Loan Party, all such amounts otherwise subject to acceleration
under the terms of any agreement relating to the German Guaranteed Obligations shall nonetheless be payable by the German Loan Parties
promptly on demand by the Administrative Agent.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;13.07&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Information</U><FONT STYLE="background-color: white">.
Each German Loan Party assumes all responsibility for being and keeping itself informed of the other German Loan Party&rsquo;s financial
condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the German Guaranteed Obligations and the
nature, scope and extent of the risks that each German Loan Party assumes and incurs under this German Guarantee, and agrees that neither
the Administrative Agent, any Issuing Bank nor any Lender shall have any duty to advise any German Loan Party of information known to
it regarding those circumstances or risks.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;13.08&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Maximum
German Liability</U><FONT STYLE="background-color: white">. In any action or case or proceeding involving any corporate law, or any provincial,
territorial, state, federal or foreign bankruptcy, insolvency, reorganization, or any other Insolvency Law or other law affecting the
rights of creditors generally, if the obligations of any German Loan Party under this German Guarantee would otherwise be held or determined
to be void, voidable, avoidable, invalid or unenforceable on account of the amount of such German Loan Party&rsquo;s liability under this
German Guarantee, then, notwithstanding any other provision of this German Guarantee to the contrary, the amount of such liability shall,
without any further action by the German Guarantors or the Administrative Agent, any Issuing Bank or any Lender, be automatically limited
and reduced to the highest amount that is valid and enforceable as determined in such action or case or proceeding (such highest amount
determined hereunder being the relevant German Loan Party&rsquo;s &ldquo;<U>Maximum German Liability</U>.&rdquo; This Section&#8239;with
respect to the Maximum German Liability of each German Loan Party is intended solely to preserve the rights of the Administrative Agent,
the Issuing Banks and the Lenders to the maximum extent not subject to avoidance under applicable law, and no German Loan Party nor any
other Person shall have any right or claim under this Section&#8239;with respect to such Maximum German Liability, except to the extent
necessary so that the obligations of any German Loan Party hereunder shall not be rendered voidable under applicable law. Each German
Loan Party agrees that, to the fullest extent permitted by applicable law, the German Guaranteed Obligations may at any time and from
time to time exceed the Maximum German Liability of each German Loan Party without impairing this German Guarantee or affecting the rights
and remedies of the Administrative Agent, the Issuing Banks or the Lenders hereunder, <U>provided</U> that, nothing in this sentence shall
be construed to increase any German Loan Party&rsquo;s obligations hereunder beyond its Maximum German Liability.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;13.09&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Contribution</U><FONT STYLE="background-color: white">.
In the event any German Loan Party (a &ldquo;<U>Paying German Loan Party</U>&rdquo;) shall make any payment or payments under this German
Guarantee or shall suffer any loss as a result of any realization upon any collateral granted by it to secure its obligations under this
German Guarantee, each other German Loan Party (each, a &ldquo;<U>Non-Paying German Loan Party</U>&rdquo;) shall contribute to such Paying
German Loan Party an amount equal to such Non-Paying German Loan Party&rsquo;s &ldquo;Applicable Percentage&rdquo; of such payment or
payments made, or losses suffered, by such Paying German Loan Party. For purposes of this Article&#8239;XIII, each Non-Paying German Loan
Party&rsquo;s &ldquo;Applicable Percentage&rdquo; with respect to any such payment or loss by a Paying German Loan Party shall be determined
as of the date on which such payment or loss was made by reference to the ratio of (i)&#8239;such Non-Paying German Loan Party&rsquo;s
Maximum German Liability as of such date (without giving effect to any right to receive, or obligation to make, any contribution hereunder)
or, if such Non-Paying German Loan Party&rsquo;s Maximum German Liability has not been determined, the aggregate amount of all monies
received by such Non-Paying German Loan Party from the other German Loan Parties after the Effective Date (whether by loan, capital infusion
or by other means) to (ii)&#8239;the aggregate Maximum German Liability of all German Loan Parties hereunder (including such Paying German
Loan Party) as of such date (without giving effect to any right to receive, or obligation to make, any contribution hereunder), or to
the extent that a Maximum German Liability has not been determined for any German Loan Party, the aggregate amount of all monies received
by such German Loan Parties from the other German Loan Parties after the Effective Date (whether by loan, capital infusion or by other
means). Nothing in this provision shall affect any German Loan Party&rsquo;s several liability for the entire amount of the German Guaranteed
Obligations (up to such German Loan Party&rsquo;s Maximum German Liability). Each of the German Loan Parties covenants and agrees that
its right to receive any contribution under this German Guarantee from a Non-Paying German Loan Party shall be subordinate and junior
in right of payment to the payment in full in cash of the German Guaranteed Obligations. This provision is for the benefit of all of the
Administrative Agent, the Issuing Banks, the Lenders and the German Guarantors and may be enforced by any one, or more, or all of them
in accordance with the terms hereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;13.10&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Liability
Cumulative</U><FONT STYLE="background-color: white">. The liability of each German Loan Party under this Article&#8239;XIII is in addition
to and shall be cumulative with all liabilities of each German Loan Party to the Administrative Agent, the Issuing Banks and the Lenders
under this Agreement and the other Loan Documents to which such German Loan Party is a party or in respect of any obligations or liabilities
of the other German Loan Parties, without any limitation as to amount, unless the instrument or agreement evidencing or creating such
other liability specifically provides to the contrary.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>ARTICLE&#8239;XIV</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Hong Kong Loan Guaranty</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;14.01&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Guarantee</U><FONT STYLE="background-color: white">.
Each Hong Kong Loan Party hereby agrees that it is jointly and severally liable for, and absolutely and unconditionally guarantees to
the Lenders, the prompt payment when due, whether at stated maturity, upon acceleration or otherwise, and at all times thereafter, of
the Hong Kong Secured Obligations and all costs and expenses, including, without limitation, all court costs and attorneys&rsquo; fees
and expenses paid or incurred by the Administrative Agent, any Issuing Bank and any Lender in endeavoring to collect all or any part of
the Hong Kong Secured Obligations from, or in prosecuting any action against, any Hong Kong Borrower, any Hong Kong Guarantor or any other
guarantor of all or any part of the Hong Kong Secured Obligations (such costs and expenses, together with the Hong Kong Secured Obligations,
collectively, the &ldquo;<U>Hong Kong Guaranteed Obligations</U>&rdquo;). Each Hong Kong Guarantor further agrees that the Hong Kong Guaranteed
Obligations may be extended or renewed in whole or in part without notice to or further assent from it, and that it remains bound upon
its guarantee notwithstanding any such extension or renewal. All terms of this Hong Kong Guarantee apply to and may be enforced by or
on behalf of any domestic or foreign branch or Affiliate of any Lender or Issuing Bank that extended any portion of the Hong Kong Guaranteed
Obligations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;14.02&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Guarantee
of Payment</U><FONT STYLE="background-color: white">. This Hong Kong Guarantee is a guaranty of payment and not of collection. Each Hong
Kong Guarantor waives, to the fullest extent permitted by applicable law, any right to require the Administrative Agent, any Issuing Bank
or any Lender (each, a &ldquo;<U>Hong Kong Obligated Party</U>&rdquo;) to sue any Hong Kong Borrower, any Hong Kong Guarantor, any other
guarantor, or any other Person obligated for all or any part of the Hong Kong Guaranteed Obligations, or otherwise to enforce its payment
against any collateral securing all or any part of the Hong Kong Guaranteed Obligations. In addition, as an original and independent obligation
under this Hong Kong Guarantee, each Hong Kong Loan Party shall:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;indemnify
each Hong Kong Obligated Party and its successors, endorsees, transferees and assigns and keep the Hong Kong Obligated Parties indemnified
against all costs, losses, expenses and liabilities of whatever kind resulting from the failure by the Hong Kong Loan Parties or any of
them, to make due and punctual payment of any of the Hong Kong Secured Obligations or resulting from any of the Hong Kong Secured Obligations
being or becoming void, voidable, unenforceable or ineffective against any Hong Kong Loan Party (including, but without limitation, all
legal and other costs, charges and expenses incurred by each Hong Kong Obligated Party, or any of them, in connection with preserving
or enforcing, or attempting to preserve or enforce, its rights under this Hong Kong Guarantee); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;pay
on demand the amount of such costs, losses, expenses and liabilities whether or not any of the Hong Kong Obligated Parties has attempted
to enforce any rights against any Hong Kong Loan Party with respect to the Hong Kong Secured Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;14.03&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>No
Discharge or Diminishment of Hong Kong Guarantee</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Except
as otherwise provided for herein, to the fullest extent permitted by applicable law, the obligations of each Hong Kong Loan Party hereunder
are unconditional and absolute and not subject to any reduction, limitation, impairment or termination for any reason (other than the
payment in full in cash of the Hong Kong Guaranteed Obligations), including: (i)&#8239;any claim of waiver, release, extension, renewal,
settlement, surrender, alteration or compromise of any of the Hong Kong Guaranteed Obligations, by operation of law or otherwise; (ii)&#8239;any
change in the corporate existence, structure or ownership of any Hong Kong Borrower or any other Hong Kong Obligated Party liable for
any of the Hong Kong Guaranteed Obligations; (iii)&#8239;any insolvency, bankruptcy, winding-up, liquidation, reorganization or other similar
case or proceeding affecting any Hong Kong Obligated Party or their assets or any resulting release or discharge of any obligation of
any Hong Kong Obligated Party; or (iv)&#8239;the existence of any claim, setoff or other rights which any Hong Kong Loan Party may have
at any time against any Hong Kong Obligated Party, the Administrative Agent, each Issuing Bank, any Lender or any other person, whether
in connection herewith or in any unrelated transactions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
obligations of each Hong Kong Loan Party hereunder, to the fullest extent permitted by applicable law, are not subject to any defense
or setoff, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of any of the
Hong Kong Guaranteed Obligations or otherwise, or any provision of applicable law or regulation purporting to prohibit payment by any
Hong Kong Obligated Party, of the Hong Kong Guaranteed Obligations or any part thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Further,
to the fullest extent permitted by applicable law, the obligations of any Hong Kong Loan Party hereunder are not discharged or impaired
or otherwise affected by: (i)&#8239;the failure of the Administrative Agent, any Issuing Bank or any Lender to assert any claim or demand
or to enforce any remedy with respect to all or any part of the Hong Kong Guaranteed Obligations; (ii)&#8239;any waiver or modification
of or supplement to any provision of any agreement relating to the Hong Kong Guaranteed Obligations; (iii)&#8239;any release, non-perfection
or invalidity of any indirect or direct security for the obligations of the Hong Kong Borrowers for all or any part of the Hong Kong Guaranteed
Obligations or any obligations of any other Hong Kong Obligated Party liable for any of the Hong Kong Guaranteed Obligations; (iv)&#8239;any
action or failure to act by the Administrative Agent, any Issuing Bank or any Lender with respect to any collateral securing any part
of the Hong Kong Guaranteed Obligations; or (v)&#8239;any default, failure or delay, willful or otherwise, in the payment or performance
of any of the Hong Kong Guaranteed Obligations, or any other circumstance, act, omission or delay that might in any manner or to any extent
vary the risk of such Hong Kong Loan Party or that would otherwise operate as a discharge of any Hong Kong Loan Party as a matter of law
or equity (other than the payment in full in cash of the Hong Kong Guaranteed Obligations).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;14.04&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Defenses
Waived</U><FONT STYLE="background-color: white">. To the fullest extent permitted by applicable law, each Hong Kong Loan Party hereby
waives any defense based on or arising out of any defense of any Hong Kong Loan Party or the unenforceability of all or any part of the
Hong Kong Guaranteed Obligations from any cause, or the cessation from any cause of the liability of any Hong Kong Loan Party, other than
the payment in full in cash of the Hong Kong Guaranteed Obligations. Without limiting the generality of the foregoing, to the fullest
extent permitted by applicable law, each Hong Kong Loan Party irrevocably waives acceptance hereof, presentment, demand, protest and,
to the fullest extent permitted by law, any notice not provided for herein, as well as any requirement that at any time any action be
taken by any Person against any Hong Kong Obligated Party, or any other Person. To the fullest extent permitted by applicable law, each
Hong Kong Loan Party confirms that it is not a surety under any state law and shall not raise any such law as a defense to its obligations
hereunder. The Administrative Agent may, at its election, foreclose on, or otherwise enforce against, any Collateral held by it by one
or more judicial or nonjudicial sales, accept an assignment of any such Collateral in lieu of foreclosure or otherwise act or fail to
act with respect to any collateral securing all or a part of the Hong Kong Guaranteed Obligations, compromise or adjust any part of the
Hong Kong Guaranteed Obligations, make any other accommodation with any Hong Kong Obligated Party or exercise any other right or remedy
available to it against any Hong Kong Obligated Party, without affecting or impairing in any way the liability of such Hong Kong Guarantor
under this Hong Kong Guarantee to the fullest extent permitted by applicable law, except to the extent the Hong Kong Guaranteed Obligations
have been fully paid in cash. To the fullest extent permitted by applicable law, each Hong Kong Loan Party waives any defense arising
out of any such election even though that election may operate, pursuant to applicable law, to impair or extinguish any right of reimbursement
or subrogation or other right or remedy of any Hong Kong Loan Party against any Hong Kong Obligated Party or any security.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;14.05&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Rights
of Subrogation</U><FONT STYLE="background-color: white">. No Hong Kong Loan Party will assert any right, claim or cause of action, including,
without limitation, a claim of subrogation, contribution or indemnification, that it has against any Hong Kong Obligated Party, or any
Collateral, until the Hong Kong Loan Parties have fully performed all their obligations to the Administrative Agent, the Issuing Banks
and the Lenders.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;14.06&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Reinstatement;
Stay of Acceleration</U><FONT STYLE="background-color: white">. If at any time any payment of any portion of the Hong Kong Guaranteed
Obligations is rescinded or avoided or must otherwise be restored or returned upon or in connection with the insolvency, bankruptcy or
reorganization of any Hong Kong Loan Party or otherwise, each Hong Kong Loan Party&rsquo;s obligations under this Hong Kong Guarantee
with respect to that payment shall be reinstated at such time as though the payment had not been made and whether or not the Administrative
Agent, any Issuing Bank and the Lenders are in possession of this Hong Kong Guarantee. If acceleration of the time for payment of any
of the Hong Kong Guaranteed Obligations is stayed upon the insolvency, bankruptcy or reorganization of any Hong Kong Loan Party, all such
amounts otherwise subject to acceleration under the terms of any agreement relating to the Hong Kong Guaranteed Obligations shall nonetheless
be payable by the Hong Kong Loan Parties promptly on demand by the Administrative Agent.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;14.07&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Information</U><FONT STYLE="background-color: white">.
Each Hong Kong Loan Party assumes all responsibility for being and keeping itself informed of the other Hong Kong Loan Party&rsquo;s financial
condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the Hong Kong Guaranteed Obligations and the
nature, scope and extent of the risks that each Hong Kong Loan Party assumes and incurs under this Hong Kong Guarantee, and agrees that
neither the Administrative Agent, any Issuing Bank nor any Lender shall have any duty to advise any Hong Kong Loan Party of information
known to it regarding those circumstances or risks.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;14.08&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Maximum
Hong Kong Liability</U><FONT STYLE="background-color: white">. In any action or case or proceeding involving any corporate law, or any
provincial, territorial, state, federal or foreign bankruptcy, insolvency, reorganization, any other Insolvency Law or other law affecting
the rights of creditors generally, if the obligations of any Hong Kong Loan Party under this Hong Kong Guarantee would otherwise be held
or determined to be void, voidable, avoidable, invalid or unenforceable on account of the amount of such Hong Kong Loan Party&rsquo;s
liability under this Hong Kong Guarantee, then, notwithstanding any other provision of this Hong Kong Guarantee to the contrary, the amount
of such liability shall, without any further action by the Hong Kong Guarantors or the Administrative Agent, any Issuing Bank or any Lender,
be automatically limited and reduced to the highest amount that is valid and enforceable as determined in such action or proceeding (such
highest amount determined hereunder being the relevant Hong Kong Loan Party&rsquo;s &ldquo;<U>Maximum Hong Kong Liability</U>.&rdquo;
This Section&#8239;with respect to the Maximum Hong Kong Liability of each Hong Kong Loan Party is intended solely to preserve the rights
of the Administrative Agent, the Issuing Banks and the Lenders to the maximum extent not subject to avoidance under applicable law, and
no Hong Kong Loan Party nor any other Person shall have any right or claim under this Section&#8239;with respect to such Maximum Hong Kong
Liability, except to the extent necessary so that the obligations of any Hong Kong Loan Party hereunder shall not be rendered voidable
under applicable law. Each Hong Kong Loan Party agrees that, to the fullest extent permitted by applicable law, the Hong Kong Guaranteed
Obligations may at any time and from time to time exceed the Maximum Hong Kong Liability of each Hong Kong Loan Party without impairing
this Hong Kong Guarantee or affecting the rights and remedies of the Administrative Agent, the Issuing Banks or the Lenders hereunder,
<U>provided</U> that, nothing in this sentence shall be construed to increase any Hong Kong Loan Party&rsquo;s obligations hereunder beyond
its Maximum Hong Kong Liability.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;14.09&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Contribution</U><FONT STYLE="background-color: white">.
In the event any Hong Kong Loan Party (a &ldquo;<U>Paying Hong Kong Loan Party</U>&rdquo;) shall make any payment or payments under this
Hong Kong Guarantee or shall suffer any loss as a result of any realization upon any collateral granted by it to secure its obligations
under this Hong Kong Guarantee, each other Hong Kong Loan Party (each, a &ldquo;<U>Non-Paying Hong Kong Loan Party</U>&rdquo;) shall contribute
to such Paying Hong Kong Loan Party an amount equal to such Non-Paying Hong Kong Loan Party&rsquo;s &ldquo;Applicable Percentage&rdquo;
of such payment or payments made, or losses suffered, by such Paying Hong Kong Loan Party. For purposes of this Article&#8239;XIV, each
Non-Paying Hong Kong Loan Party&rsquo;s &ldquo;Applicable Percentage&rdquo; with respect to any such payment or loss by a Paying Hong
Kong Loan Party shall be determined as of the date on which such payment or loss was made by reference to the ratio of (i)&#8239;such Non-Paying
Hong Kong Loan Party&rsquo;s Maximum Hong Kong Liability as of such date (without giving effect to any right to receive, or obligation
to make, any contribution hereunder) or, if such Non-Paying Hong Kong Loan Party&rsquo;s Maximum Hong Kong Liability has not been determined,
the aggregate amount of all monies received by such Non-Paying Hong Kong Loan Party from the other Hong Kong Loan Parties after the Effective
Date (whether by loan, capital infusion or by other means) to (ii)&#8239;the aggregate Maximum Hong Kong Liability of all Hong Kong Loan
Parties hereunder (including such Paying Hong Kong Loan Party) as of such date (without giving effect to any right to receive, or obligation
to make, any contribution hereunder), or to the extent that a Maximum Hong Kong Liability has not been determined for any Hong Kong Loan
Party, the aggregate amount of all monies received by such Hong Kong Loan Parties from the other Hong Kong Loan Parties after the Effective
Date (whether by loan, capital infusion or by other means). Nothing in this provision shall affect any Hong Kong Loan Party&rsquo;s several
liability for the entire amount of the Hong Kong Guaranteed Obligations (up to such Hong Kong Loan Party&rsquo;s Maximum Hong Kong Liability).
Each of the Hong Kong Loan Parties covenants and agrees that its right to receive any contribution under this Hong Kong Guarantee from
a Non-Paying Hong Kong Loan Party shall be subordinate and junior in right of payment to the payment in full in cash of the Hong Kong
Guaranteed Obligations. This provision is for the benefit of all of the Administrative Agent, the Issuing Banks, the Lenders and the Hong
Kong Guarantors and may be enforced by any one, or more, or all of them in accordance with the terms hereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;14.10&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Liability
Cumulative</U><FONT STYLE="background-color: white">. The liability of each Hong Kong Loan Party under this Article&#8239;XIV is in addition
to and shall be cumulative with all liabilities of each Hong Kong Loan Party to the Administrative Agent, the Issuing Banks and the Lenders
under this Agreement and the other Loan Documents to which such Hong Kong Loan Party is a party or in respect of any obligations or liabilities
of the other Hong Kong Loan Parties, without any limitation as to amount, unless the instrument or agreement evidencing or creating such
other liability specifically provides to the contrary.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>ARTICLE&#8239;XV</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Swiss Loan Guaranty</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;15.01&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Guarantee</U><FONT STYLE="background-color: white">.
Each Swiss Loan Party hereby agrees that it is jointly and severally liable for, and absolutely and unconditionally guarantees to the
Lenders, the prompt payment when due, whether at stated maturity, upon acceleration or otherwise, and at all times thereafter, of the
Swiss Secured Obligations and all costs and expenses, including, without limitation, all court costs and attorneys&rsquo; fees and expenses
paid or incurred by the Administrative Agent, any Issuing Bank and any Lender in endeavoring to collect all or any part of the Swiss Secured
Obligations from, or in prosecuting any action against, the Swiss Borrowers, any Swiss Guarantor or any other guarantor of all or any
part of the Swiss Secured Obligations (such costs and expenses, together with the Swiss Secured Obligations, collectively, the &ldquo;<U>Swiss
Guaranteed Obligations</U>&rdquo;). Each Swiss Guarantor further agrees that the Swiss Guaranteed Obligations may be extended or renewed
in whole or in part without notice to or further assent from it, and that it remains bound upon its guarantee notwithstanding any such
extension or renewal. All terms of this Swiss Guarantee apply to and may be enforced by or on behalf of any domestic or foreign branch
or Affiliate of any Lender or Issuing Bank that extended any portion of the Swiss Guaranteed Obligations. In any event and notwithstanding
anything to the contrary in this Article&#8239;XV, this Agreement or any other Loan Document, prior to the Swiss business day after the
date of publication printed on the issue of the Swiss Official Gazette of Commerce in which it is published that Fossil Switzerland has
amended its articles of association in accordance with Section&#8239;5.25, the term &ldquo;Swiss Guaranteed Obligations&rdquo; shall, in
respect of Fossil Switzerland, be read as to exclusively refer to the obligations of Fossil Switzerland and its subsidiaries.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;15.02&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Guarantee
of Payment</U><FONT STYLE="background-color: white">. This Swiss Guarantee is a guaranty of payment and not of collection. Each Swiss
Guarantor waives, to the fullest extent permitted by applicable law, any right to require the Administrative Agent, any Issuing Bank or
any Lender (each, a &ldquo;<U>Swiss Obligated Party</U>&rdquo;) to sue the Swiss Borrowers, any Swiss Guarantor, any other guarantor,
or any other Person obligated for all or any part of the Swiss Guaranteed Obligations, or otherwise to enforce its payment against any
collateral securing all or any part of the Swiss Guaranteed Obligations. In addition, as an original and independent obligation under
this Swiss Guarantee, each Swiss Loan Party shall:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;indemnify
each Swiss Obligated Party and its successors, endorsees, transferees and assigns and keep the Swiss Obligated Parties indemnified against
all costs, losses, expenses and liabilities of whatever kind resulting from the failure by the Swiss Loan Parties or any of them, to make
due and punctual payment of any of the Swiss Secured Obligations or resulting from any of the Swiss Secured Obligations being or becoming
void, voidable, unenforceable or ineffective against any Swiss Loan Party (including, but without limitation, all legal and other costs,
charges and expenses incurred by each Swiss Obligated Party, or any of them, in connection with preserving or enforcing, or attempting
to preserve or enforce, its rights under this Swiss Guarantee); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;pay
on demand the amount of such costs, losses, expenses and liabilities whether or not any of the Swiss Obligated Parties has attempted to
enforce any rights against any Swiss Loan Party with respect to the Swiss Secured Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;15.03&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>No
Discharge or Diminishment of Swiss Guarantee</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Except
as otherwise provided for herein, to the fullest extent permitted by applicable law, the obligations of each Swiss Loan Party hereunder
are unconditional and absolute and not subject to any reduction, limitation, impairment or termination for any reason (other than the
payment in full in cash of the Swiss Guaranteed Obligations), including: (i)&#8239;any claim of waiver, release, extension, renewal, settlement,
surrender, alteration or compromise of any of the Swiss Guaranteed Obligations, by operation of law or otherwise; (ii)&#8239;any change
in the corporate existence, structure or ownership of any Swiss Borrower or any other Swiss Obligated Party liable for any of the Swiss
Guaranteed Obligations; (iii)&#8239;any insolvency, bankruptcy, winding-up, liquidation, reorganization or other similar case or proceeding
affecting any Swiss Obligated Party or their assets or any resulting release or discharge of any obligation of any Swiss Obligated Party;
or (iv)&#8239;the existence of any claim, setoff or other rights which any Swiss Loan Party may have at any time against any Swiss Obligated
Party, the Administrative Agent, each Issuing Bank, any Lender or any other person, whether in connection herewith or in any unrelated
transactions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
obligations of each Swiss Loan Party hereunder are not subject to any defense or setoff, counterclaim, recoupment or termination whatsoever
by reason of the invalidity, illegality or unenforceability of any of the Swiss Guaranteed Obligations or otherwise, or any provision
of applicable law or regulation purporting to prohibit payment by any Swiss Obligated Party, of the Swiss Guaranteed Obligations or any
part thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Further,
to the fullest extent permitted by applicable law, the obligations of any Swiss Loan Party hereunder are not discharged or impaired or
otherwise affected by: (i)&#8239;the failure of the Administrative Agent, any Issuing Bank or any Lender to assert any claim or demand
or to enforce any remedy with respect to all or any part of the Swiss Guaranteed Obligations; (ii)&#8239;any waiver or modification of
or supplement to any provision of any agreement relating to the Swiss Guaranteed Obligations; (iii)&#8239;any release, non-perfection or
invalidity of any indirect or direct security for the obligations of any Swiss Borrower for all or any part of the Swiss Guaranteed Obligations
or any obligations of any other Swiss Obligated Party liable for any of the Swiss Guaranteed Obligations; (iv)&#8239;any action or failure
to act by the Administrative Agent, any Issuing Bank or any Lender with respect to any collateral securing any part of the Swiss Guaranteed
Obligations; or (v)&#8239;any default, failure or delay, willful or otherwise, in the payment or performance of any of the Swiss Guaranteed
Obligations, or any other circumstance, act, omission or delay that might in any manner or to any extent vary the risk of such Swiss Loan
Party or that would otherwise operate as a discharge of any Swiss Loan Party as a matter of law or equity (other than the payment in full
in cash of the Swiss Guaranteed Obligations).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;15.04&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Defenses
Waived</U><FONT STYLE="background-color: white">. To the fullest extent permitted by applicable law, each Swiss Loan Party hereby waives
any defense based on or arising out of any defense of any Swiss Loan Party or the unenforceability of all or any part of the Swiss Guaranteed
Obligations from any cause, or the cessation from any cause of the liability of any Swiss Loan Party, other than the payment in full in
cash of the Swiss Guaranteed Obligations. Without limiting the generality of the foregoing, to the fullest extent permitted by applicable
law, each Swiss Loan Party irrevocably waives acceptance hereof, presentment, demand, protest and, to the fullest extent permitted by
law, any notice not provided for herein, as well as any requirement that at any time any action be taken by any Person against any Swiss
Obligated Party, or any other Person. To the fullest extent permitted by applicable law, each Swiss Loan Party confirms that it is not
a surety under any state law and shall not raise any such law as a defense to its obligations hereunder. The Administrative Agent may,
at its election, foreclose on, or otherwise enforce against, any Collateral held by it by one or more judicial or nonjudicial sales, accept
an assignment of any such Collateral in lieu of foreclosure or otherwise act or fail to act with respect to any collateral securing all
or a part of the Swiss Guaranteed Obligations, compromise or adjust any part of the Swiss Guaranteed Obligations, make any other accommodation
with any Swiss Obligated Party or exercise any other right or remedy available to it against any Swiss Obligated Party, without affecting
or impairing in any way the liability of such Swiss Guarantor under this Swiss Guarantee to the fullest extent permitted by applicable
law, except to the extent the Swiss Guaranteed Obligations have been fully paid in cash. To the fullest extent permitted by applicable
law, each Swiss Loan Party waives any defense arising out of any such election even though that election may operate, pursuant to applicable
law, to impair or extinguish any right of reimbursement or subrogation or other right or remedy of any Swiss Loan Party against any Swiss
Obligated Party or any security.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;15.05&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Rights
of Subrogation</U><FONT STYLE="background-color: white">. No Swiss Loan Party will assert any right, claim or cause of action, including,
without limitation, a claim of subrogation, contribution or indemnification, that it has against any Swiss Obligated Party, or any Collateral,
until the Swiss Loan Parties have fully performed all their obligations to the Administrative Agent, the Issuing Banks and the Lenders.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;15.06&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Reinstatement;
Stay of Acceleration</U><FONT STYLE="background-color: white">. If at any time any payment of any portion of the Swiss Guaranteed Obligations
is rescinded or avoided or must otherwise be restored or returned upon or in connection with the insolvency, bankruptcy or reorganization
of any Swiss Loan Party or otherwise, each Swiss Loan Party&rsquo;s obligations under this Swiss Guarantee with respect to that payment
shall be reinstated at such time as though the payment had not been made and whether or not the Administrative Agent, any Issuing Bank
and the Lenders are in possession of this Swiss Guarantee. If acceleration of the time for payment of any of the Swiss Guaranteed Obligations
is stayed upon the insolvency, bankruptcy or reorganization of any Swiss Loan Party, all such amounts otherwise subject to acceleration
under the terms of any agreement relating to the Swiss Guaranteed Obligations shall nonetheless be payable by the Swiss Loan Parties promptly
on demand by the Administrative Agent.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;15.07&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Information</U><FONT STYLE="background-color: white">.
Each Swiss Loan Party assumes all responsibility for being and keeping itself informed of the other Swiss Loan Party&rsquo;s financial
condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the Swiss Guaranteed Obligations and the nature,
scope and extent of the risks that each Swiss Loan Party assumes and incurs under this Swiss Guarantee, and agrees that neither the Administrative
Agent, any Issuing Bank nor any Lender shall have any duty to advise any Swiss Loan Party of information known to it regarding those circumstances
or risks.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;15.08&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Maximum
Swiss Liability</U><FONT STYLE="background-color: white">. In any action or case or proceeding involving any corporate law, or any provincial,
territorial, state, federal or foreign bankruptcy, insolvency, reorganization, any other Insolvency Law or other law affecting the rights
of creditors generally, if the obligations of any Swiss Loan Party under this Swiss Guarantee would otherwise be held or determined to
be void, voidable, avoidable, invalid or unenforceable on account of the amount of such Swiss Loan Party&rsquo;s liability under this
Swiss Guarantee, then, notwithstanding any other provision of this Swiss Guarantee to the contrary, the amount of such liability shall,
without any further action by the Swiss Guarantors or the Administrative Agent, any Issuing Bank or any Lender, be automatically limited
and reduced to the highest amount that is valid and enforceable as determined in such action or proceeding (such highest amount determined
hereunder being the relevant Swiss Loan Party&rsquo;s &ldquo;<U>Maximum Swiss Liability</U>.&rdquo; This Section&#8239;with respect to
the Maximum Swiss Liability of each Swiss Loan Party is intended solely to preserve the rights of the Administrative Agent, the Issuing
Banks and the Lenders to the maximum extent not subject to avoidance under applicable law, and no Swiss Loan Party nor any other Person
shall have any right or claim under this Section&#8239;with respect to such Maximum Swiss Liability, except to the extent necessary so
that the obligations of any Swiss Loan Party hereunder shall not be rendered voidable under applicable law. Each Swiss Loan Party agrees
that, to the fullest extent permitted by applicable law, the Swiss Guaranteed Obligations may at any time and from time to time exceed
the Maximum Swiss Liability of each Swiss Loan Party without impairing this Swiss Guarantee or affecting the rights and remedies of the
Administrative Agent, the Issuing Banks or the Lenders hereunder, <U>provided</U> that, nothing in this sentence shall be construed to
increase any Swiss Loan Party&rsquo;s obligations hereunder beyond its Maximum Swiss Liability.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;15.09&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Contribution</U><FONT STYLE="background-color: white">.
In the event any Swiss Loan Party (a &ldquo;<U>Paying Swiss Loan Party</U>&rdquo;) shall make any payment or payments under this Swiss
Guarantee or shall suffer any loss as a result of any realization upon any collateral granted by it to secure its obligations under this
Swiss Guarantee, each other Swiss Loan Party (each, a &ldquo;<U>Non-Paying Swiss Loan Party</U>&rdquo;) shall contribute to such Paying
Swiss Loan Party an amount equal to such Non-Paying Swiss Loan Party&rsquo;s &ldquo;Applicable Percentage&rdquo; of such payment or payments
made, or losses suffered, by such Paying Swiss Loan Party. For purposes of this Article&#8239;XV, each Non-Paying Swiss Loan Party&rsquo;s
 &ldquo;Applicable Percentage&rdquo; with respect to any such payment or loss by a Paying Swiss Loan Party shall be determined as of the
date on which such payment or loss was made by reference to the ratio of (i)&#8239;such Non-Paying Swiss Loan Party&rsquo;s Maximum Swiss
Liability as of such date (without giving effect to any right to receive, or obligation to make, any contribution hereunder) or, if such
Non-Paying Swiss Loan Party&rsquo;s Maximum Swiss Liability has not been determined, the aggregate amount of all monies received by such
Non-Paying Swiss Loan Party from the other Swiss Loan Parties after the Effective Date (whether by loan, capital infusion or by other
means) to (ii)&#8239;the aggregate Maximum Swiss Liability of all Swiss Loan Parties hereunder (including such Paying Swiss Loan Party)
as of such date (without giving effect to any right to receive, or obligation to make, any contribution hereunder), or to the extent that
a Maximum Swiss Liability has not been determined for any Swiss Loan Party, the aggregate amount of all monies received by such Swiss
Loan Parties from the other Swiss Loan Parties after the Effective Date (whether by loan, capital infusion or by other means). Nothing
in this provision shall affect any Swiss Loan Party&rsquo;s several liability for the entire amount of the Swiss Guaranteed Obligations
(up to such Swiss Loan Party&rsquo;s Maximum Swiss Liability). Each of the Swiss Loan Parties covenants and agrees that its right to receive
any contribution under this Swiss Guarantee from a Non-Paying Swiss Loan Party shall be subordinate and junior in right of payment to
the payment in full in cash of the Swiss Guaranteed Obligations. This provision is for the benefit of all of the Administrative Agent,
the Issuing Banks, the Lenders and the Swiss Guarantors and may be enforced by any one, or more, or all of them in accordance with the
terms hereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;15.10&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Liability
Cumulative</U><FONT STYLE="background-color: white">. The liability of each Swiss Loan Party under this Article&#8239;XV is in addition
to and shall be cumulative with all liabilities of each Swiss Loan Party to the Administrative Agent, the Issuing Banks and the Lenders
under this Agreement and the other Loan Documents to which such Swiss Loan Party is a party or in respect of any obligations or liabilities
of the other Swiss Loan Parties, without any limitation as to amount, unless the instrument or agreement evidencing or creating such other
liability specifically provides to the contrary.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;15.11&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Swiss
Limitation</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Swiss Guaranteed Obligations and any other obligation of any Swiss Loan Party under any Loan Document (the &ldquo;<U>Swiss Guarantor Obligations</U>&rdquo;)
shall be subject to the following limitations:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If
and to the extent that a Swiss Guarantor Obligation guarantees or otherwise secures obligations other than obligations of one of the relevant
Swiss Loan Parties&rsquo; direct or indirect Subsidiaries (i.e. obligations of its respective direct or indirect parent companies (up-stream
liabilities) or sister companies (cross-stream liabilities)) (the &ldquo;<U>Restricted Obligations</U>&rdquo;) and that performing the
relevant Swiss Guarantor Obligation with respect to Restricted Obligations would not be permitted under Swiss corporate law then applicable,
then such obligations and payment amount shall from time to time be limited to the amount permitted to be paid under applicable Swiss
law; <U>provided</U> that such limited amount shall at no time be less than the relevant Swiss Loan Party&rsquo;s distributable capital
(presently being the balance sheet profits and any reserves available for distribution) at the time or times performance of the relevant
Swiss Guarantor Obligation is due or requested from such Swiss Loan Party, and further provided that such limitation (as may apply from
time to time or not) shall not (generally or definitively) release the relevant Swiss Loan Party from its Swiss Guarantor Obligations
in excess thereof, but merely postpone the payment date therefore until such times as payment is again permitted notwithstanding such
limitation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;In
case a Swiss Loan Party who must make a payment in respect of Restricted Obligations under this Agreement is obliged to withhold Swiss
Withholding Tax in respect of such payment, such Swiss Loan Party shall:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">(A)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;procure
that such payments can be made without deduction of Swiss Withholding Tax, or with deduction of Swiss Withholding Tax at a reduced rate,
by discharging the liability to such tax by notification pursuant to applicable law (including double tax treaties) rather than payment
of the tax;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">(B)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;if
the notification procedure pursuant to sub-paragraph (A)&#8239;above does not apply, deduct Swiss Withholding Tax at the rate of 35 per
cent. (or such other rate as in force from time to time), or if the notification procedure pursuant to sub-paragraph (A)&#8239;above applies
for a part of the Swiss Withholding Tax only, deduct Swiss Withholding Tax at the reduced rate resulting after the discharge of part of
such tax by notification under applicable law, from any payment made by it in respect of Restricted Obligations and promptly pay any such
taxes to the Swiss Federal Tax Administration (<I>Eidgen&ouml;ssische Steuerverwaltung</I>);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">(C)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;notify
the Administrative Agent that such notification, or as the case may be, deduction has been made and provide the Administrative Agent with
evidence that such a notification of the Swiss Federal Tax Administration has been made or, as the case may be, such taxes deducted have
been paid to the Swiss Federal Tax Administration;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">(D)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;in
the case of a deduction of Swiss Withholding Tax:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: 0.5in">(1)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;use
its best efforts to ensure that any person other than a Lender Party, which is entitled to a full or partial refund of the Swiss Withholding
Tax deducted from such payment in respect of Restricted Obligations, will, as soon as possible after such deduction (y)&#8239;request a
refund of the Swiss Withholding Tax under applicable law (including tax treaties) and (z)&#8239;pay to the Administrative Agent upon receipt
any amounts so refunded; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: 0.5in">(2)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;if
a Lender Party is entitled to a full or partial refund of the Swiss Withholding Tax deducted from such payment, and if requested by the
Administrative Agent, shall provide the Administrative Agent (on its behalf or on behalf of any Lender Party) those documents that are
required by law and applicable tax treaties to be provided by the payer of such tax, for each relevant Lender Party, to prepare a claim
for refund of Swiss Withholding Tax.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If
a Swiss Loan Party is obliged to withhold Swiss Withholding Tax in accordance with Section&#8239;15.11(a)(ii)&#8239;above, the Administrative
Agent shall be entitled to further enforce the Swiss Guarantor Obligation assumed by such Swiss Loan Party and apply proceeds therefrom
against the Restricted Obligations up to an amount which is equal to that amount which would have been obtained if no withholding of Swiss
Withholding Tax were required, whereby such further enforcements shall always be limited to the maximum amount of the freely distributable
reserves of such Swiss Guarantor as set out in Section&#8239;15.11(a)(i)&#8239;above. However, the Swiss Guarantor shall not be obliged
to gross-up or indemnify (or otherwise hold harmless) a Lender Party (other than pursuant to Section&#8239;2.13(o)) in relation to any
deduction and payment to the Swiss Federal Tax Administration of Swiss Withholding Tax in accordance with Section&#8239;15.11(a)(ii)&#8239;above
if such gross-up or indemnification is illegal. In case the proceeds irrevocably received by the Administrative Agent and the other Lender
Parties pursuant to Section&#8239;15.11(a)(ii)(D)(2)&#8239;(refund) above and this paragraph (additional enforcements) have the effect that
the proceeds received by the Administrative Agent and the other Lender Parties exceed the Swiss Secured Obligations, then the Agent or
the relevant other Lender Party shall return such overcompensation to the relevant Swiss Loan Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;For
the avoidance of doubt, this Section&#8239;15.11(a)&#8239;shall not limit a Swiss Loan Party&rsquo;s obligations under Section&#8239;2.13(o).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If
and to the extent requested by the Administrative Agent and if and to the extent this is from time to time required under Swiss law (restricting
profit distributions), in order to allow the Administrative Agent and the other Lender Parties to obtain a maximum benefit under this
Agreement and any other Loan Document, as applicable, the relevant Swiss Loan Party shall, and any parent company of such Swiss Loan Party
being a party to this Agreement shall procure that such Swiss Loan Party will, promptly implement all such measures and/or to promptly
procure the fulfilment of all prerequisites allowing the prompt fulfilment of the Swiss Guarantor Obligations and allowing the relevant
Swiss Loan Party to promptly perform its obligations and make the (requested) payment(s)&#8239;hereunder from time to time, including the
following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;preparation
of an up-to-date audited balance sheet of the relevant Swiss Loan Party;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;confirmation
of the auditors of the relevant Swiss Loan Party that the relevant amount represents (the maximum of) freely distributable capital of
the relevant Swiss Loan Party;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;approval
by a shareholders meeting of the relevant Swiss Loan Party of the capital distribution;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;if
the enforcement of Restricted Obligations would be limited due to the effects referred to in this clause, then the relevant Swiss Loan
Party shall to the extent permitted by applicable law write up or realize any of its assets that are shown in its balance sheet with a
book value that is significantly lower than the market value of the assets, in case of realization, however, only if such assets are not
necessary for the relevant Swiss Loan Party&rsquo;s business (<I>nicht betriebsnotwendig</I>); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;all
such other measures necessary or useful to allow payment under the Swiss Guarantor Obligation and to allow the relevant Swiss Loan Party
to make the payments and perform the obligations agreed hereunder with a minimum of limitations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>ARTICLE&#8239;XVI</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>UK Loan Guaranty</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;16.01&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Guarantee</U><FONT STYLE="background-color: white">.
Each UK Loan Party hereby agrees that it is jointly and severally liable for, and absolutely and unconditionally guarantees to the Lenders,
the prompt payment when due, whether at stated maturity, upon acceleration or otherwise, and at all times thereafter, of the UK Secured
Obligations and all costs and expenses, including, without limitation, all court costs and attorneys&rsquo; fees and expenses paid or
incurred by the Administrative Agent, any Issuing Bank and any Lender in endeavoring to collect all or any part of the UK Secured Obligations
from, or in prosecuting any action against, any UK Borrower, any UK Guarantor or any other guarantor of all or any part of the UK Secured
Obligations (such costs and expenses, together with the UK Secured Obligations, collectively, the &ldquo;<U>UK Guaranteed Obligations</U>&rdquo;).
Each UK Guarantor further agrees that the UK Guaranteed Obligations may be extended or renewed in whole or in part without notice to or
further assent from it, and that it remains bound upon its guarantee notwithstanding any such extension or renewal. All terms of this
UK Guarantee apply to and may be enforced by or on behalf of any domestic or foreign branch or Affiliate of any Lender or Issuing Bank
that extended any portion of the UK Guaranteed Obligations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;16.02&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Guarantee
of Payment</U><FONT STYLE="background-color: white">. This UK Guarantee is a guaranty of payment and not of collection. Each UK Guarantor
waives, to the fullest extent permitted by applicable law, any right to require the Administrative Agent, any Issuing Bank or any Lender
(each, a &ldquo;<U>UK Obligated Party</U>&rdquo;) to sue any UK Borrower, any UK Guarantor, any other guarantor, or any other Person obligated
for all or any part of the UK Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part
of the UK Guaranteed Obligations. In addition, as an original and independent obligation under this UK Guarantee, each UK Loan Party shall:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;indemnify
each UK Obligated Party and its successors, endorsees, transferees and assigns and keep the UK Obligated Parties indemnified against all
costs, losses, expenses and liabilities of whatever kind resulting from the failure by the UK Loan Parties or any of them, to make due
and punctual payment of any of the UK Secured Obligations or resulting from any of the UK Secured Obligations being or becoming void,
voidable, unenforceable or ineffective against any UK Loan Party (including, but without limitation, all legal and other costs, charges
and expenses incurred by each UK Obligated Party, or any of them, in connection with preserving or enforcing, or attempting to preserve
or enforce, its rights under this UK Guarantee); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;pay
on demand the amount of such costs, losses, expenses and liabilities whether or not any of the UK Obligated Parties has attempted to enforce
any rights against any UK Loan Party with respect to the UK Secured Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;16.03&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>No
Discharge or Diminishment of UK Guarantee</U><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Except
as otherwise provided for herein, to the fullest extent permitted by applicable law, the obligations of each UK Loan Party hereunder are
unconditional and absolute and not subject to any reduction, limitation, impairment or termination for any reason (other than the payment
in full in cash of the UK Guaranteed Obligations), including: (i)&#8239;any claim of waiver, release, extension, renewal, settlement, surrender,
alteration or compromise of any of the UK Guaranteed Obligations, by operation of law or otherwise; (ii)&#8239;any change in the corporate
existence, structure or ownership of any UK Borrower or any other UK Obligated Party liable for any of the UK Guaranteed Obligations;
(iii)&#8239;any insolvency, bankruptcy, winding-up, liquidation, reorganization or other similar case or proceeding affecting any UK Obligated
Party or their assets or any resulting release or discharge of any obligation of any UK Obligated Party; or (iv)&#8239;the existence of
any claim, setoff or other rights which any UK Loan Party may have at any time against any UK Obligated Party, the Administrative Agent,
each Issuing Bank, any Lender or any other person, whether in connection herewith or in any unrelated transactions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
obligations of each UK Loan Party hereunder, to the fullest extent permitted by applicable law, are not subject to any defense or setoff,
counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of any of the UK Guaranteed
Obligations or otherwise, or any provision of applicable law or regulation purporting to prohibit payment by any UK Obligated Party, of
the UK Guaranteed Obligations or any part thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Further,
to the fullest extent permitted by applicable law, the obligations of any UK Loan Party hereunder are not discharged or impaired or otherwise
affected by: (i)&#8239;the failure of the Administrative Agent, any Issuing Bank or any Lender to assert any claim or demand or to enforce
any remedy with respect to all or any part of the UK Guaranteed Obligations; (ii)&#8239;any waiver or modification of or supplement to
any provision of any agreement relating to the UK Guaranteed Obligations; (iii)&#8239;any release, non-perfection or invalidity of any
indirect or direct security for the obligations of the UK Borrowers for all or any part of the UK Guaranteed Obligations or any obligations
of any other UK Obligated Party liable for any of the UK Guaranteed Obligations; (iv)&#8239;any action or failure to act by the Administrative
Agent, any Issuing Bank or any Lender with respect to any collateral securing any part of the UK Guaranteed Obligations; or (v)&#8239;any
default, failure or delay, willful or otherwise, in the payment or performance of any of the UK Guaranteed Obligations, or any other circumstance,
act, omission or delay that might in any manner or to any extent vary the risk of such UK Loan Party or that would otherwise operate as
a discharge of any UK Loan Party as a matter of law or equity (other than the payment in full in cash of the UK Guaranteed Obligations).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;16.04&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Defenses
Waived</U><FONT STYLE="background-color: white">. To the fullest extent permitted by applicable law, each UK Loan Party hereby waives
any defense based on or arising out of any defense of any UK Loan Party or the unenforceability of all or any part of the UK Guaranteed
Obligations from any cause, or the cessation from any cause of the liability of any UK Loan Party, other than the payment in full in cash
of the UK Guaranteed Obligations. Without limiting the generality of the foregoing, to the fullest extent permitted by applicable law,
each UK Loan Party irrevocably waives acceptance hereof, presentment, demand, protest and, to the fullest extent permitted by law, any
notice not provided for herein, as well as any requirement that at any time any action be taken by any Person against any UK Obligated
Party, or any other Person. To the fullest extent permitted by applicable law, each UK Loan Party confirms that it is not a surety under
any state law and shall not raise any such law as a defense to its obligations hereunder. The Administrative Agent may, at its election,
foreclose on, or otherwise enforce against, any Collateral held by it by one or more judicial or nonjudicial sales, accept an assignment
of any such Collateral in lieu of foreclosure or otherwise act or fail to act with respect to any collateral securing all or a part of
the UK Guaranteed Obligations, compromise or adjust any part of the UK Guaranteed Obligations, make any other accommodation with any UK
Obligated Party or exercise any other right or remedy available to it against any UK Obligated Party, without affecting or impairing in
any way the liability of such UK Guarantor under this UK Guarantee to the fullest extent permitted by applicable law, except to the extent
the UK Guaranteed Obligations have been fully paid in cash. To the fullest extent permitted by applicable law, each UK Loan Party waives
any defense arising out of any such election even though that election may operate, pursuant to applicable law, to impair or extinguish
any right of reimbursement or subrogation or other right or remedy of any UK Loan Party against any UK Obligated Party or any security.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;16.05&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Rights
of Subrogation</U><FONT STYLE="background-color: white">. No UK Loan Party will assert any right, claim or cause of action, including,
without limitation, a claim of subrogation, contribution or indemnification, that it has against any UK Obligated Party, or any Collateral,
until the UK Loan Parties have fully performed all their obligations to the Administrative Agent, the Issuing Banks and the Lenders.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;16.06&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Reinstatement;
Stay of Acceleration</U><FONT STYLE="background-color: white">. If at any time any payment of any portion of the UK Guaranteed Obligations
is rescinded or avoided or must otherwise be restored or returned upon or in connection with the insolvency, bankruptcy or reorganization
of any UK Loan Party or otherwise, each UK Loan Party&rsquo;s obligations under this UK Guarantee with respect to that payment shall be
reinstated at such time as though the payment had not been made and whether or not the Administrative Agent, any Issuing Bank and the
Lenders are in possession of this UK Guarantee. If acceleration of the time for payment of any of the UK Guaranteed Obligations is stayed
upon the insolvency, bankruptcy or reorganization of any UK Loan Party, all such amounts otherwise subject to acceleration under the terms
of any agreement relating to the UK Guaranteed Obligations shall nonetheless be payable by the UK Loan Parties promptly on demand by the
Administrative Agent.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;16.07&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Information</U><FONT STYLE="background-color: white">.
Each UK Loan Party assumes all responsibility for being and keeping itself informed of the other UK Loan Parties&rsquo; financial condition
and assets, and of all other circumstances bearing upon the risk of nonpayment of the UK Guaranteed Obligations and the nature, scope
and extent of the risks that each UK Loan Party assumes and incurs under this UK Guarantee, and agrees that neither the Administrative
Agent, any Issuing Bank nor any Lender shall have any duty to advise any UK Loan Party of information known to it regarding those circumstances
or risks.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;16.08&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Maximum
UK Liability</U><FONT STYLE="background-color: white">. In any action or case or proceeding involving any corporate law, or any provincial,
territorial, state, federal or foreign bankruptcy, insolvency, reorganization, any other Insolvency Law or other law affecting the rights
of creditors generally, if the obligations of any UK Loan Party under this UK Guarantee would otherwise be held or determined to be void,
voidable, avoidable, invalid or unenforceable on account of the amount of such UK Loan Party&rsquo;s liability under this UK Guarantee,
then, notwithstanding any other provision of this UK Guarantee to the contrary, the amount of such liability shall, without any further
action by the UK Guarantors or the Administrative Agent, any Issuing Bank or any Lender, be automatically limited and reduced to the highest
amount that is valid and enforceable as determined in such action or proceeding (such highest amount determined hereunder being the relevant
UK Loan Party&rsquo;s &ldquo;<U>Maximum UK Liability</U>.&rdquo; This Section&#8239;with respect to the Maximum UK Liability of each UK
Loan Party is intended solely to preserve the rights of the Administrative Agent, the Issuing Banks and the Lenders to the maximum extent
not subject to avoidance under applicable law, and no UK Loan Party nor any other Person shall have any right or claim under this Section&#8239;with
respect to such Maximum UK Liability, except to the extent necessary so that the obligations of any UK Loan Party hereunder shall not
be rendered voidable under applicable law. Each UK Loan Party agrees that, to the fullest extent permitted by applicable law, the UK Guaranteed
Obligations may at any time and from time to time exceed the Maximum UK Liability of each UK Loan Party without impairing this UK Guarantee
or affecting the rights and remedies of the Administrative Agent, the Issuing Banks or the Lenders hereunder, <U>provided</U> that, nothing
in this sentence shall be construed to increase any UK Loan Party&rsquo;s obligations hereunder beyond its Maximum UK Liability.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;16.09&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Contribution</U><FONT STYLE="background-color: white">.
In the event any UK Loan Party (a &ldquo;<U>Paying UK Loan Party</U>&rdquo;) shall make any payment or payments under this UK Guarantee
or shall suffer any loss as a result of any realization upon any collateral granted by it to secure its obligations under this UK Guarantee,
each other UK Loan Party (each, a &ldquo;<U>Non-Paying UK Loan Party</U>&rdquo;) shall contribute to such Paying UK Loan Party an amount
equal to such Non-Paying UK Loan Party&rsquo;s &ldquo;Applicable Percentage&rdquo; of such payment or payments made, or losses suffered,
by such Paying UK Loan Party. For purposes of this Article&#8239;XVI, each Non-Paying UK Loan Party&rsquo;s &ldquo;Applicable Percentage&rdquo;
with respect to any such payment or loss by a Paying UK Loan Party shall be determined as of the date on which such payment or loss was
made by reference to the ratio of (i)&#8239;such Non-Paying UK Loan Party&rsquo;s Maximum UK Liability as of such date (without giving
effect to any right to receive, or obligation to make, any contribution hereunder) or, if such Non-Paying UK Loan Party&rsquo;s Maximum
UK Liability has not been determined, the aggregate amount of all monies received by such Non-Paying UK Loan Party from the other UK Loan
Parties after the Effective Date (whether by loan, capital infusion or by other means) to (ii)&#8239;the aggregate Maximum UK Liability
of all UK Loan Parties hereunder (including such Paying UK Loan Party) as of such date (without giving effect to any right to receive,
or obligation to make, any contribution hereunder), or to the extent that a Maximum UK Liability has not been determined for any UK Loan
Party, the aggregate amount of all monies received by such UK Loan Parties from the other UK Loan Parties after the Effective Date (whether
by loan, capital infusion or by other means). Nothing in this provision shall affect any UK Loan Party&rsquo;s several liability for the
entire amount of the UK Guaranteed Obligations (up to such UK Loan Party&rsquo;s Maximum UK Liability). Each of the UK Loan Parties covenants
and agrees that its right to receive any contribution under this UK Guarantee from a Non-Paying UK Loan Party shall be subordinate and
junior in right of payment to the payment in full in cash of the UK Guaranteed Obligations. This provision is for the benefit of all of
the Administrative Agent, the Issuing Banks, the Lenders and the UK Guarantors and may be enforced by any one, or more, or all of them
in accordance with the terms hereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;16.10&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Liability
Cumulative</U><FONT STYLE="background-color: white">. The liability of each UK Loan Party under this Article&#8239;XVI is in addition to
and shall be cumulative with all liabilities of each UK Loan Party to the Administrative Agent, the Issuing Banks and the Lenders under
this Agreement and the other Loan Documents to which such UK Loan Party is a party or in respect of any obligations or liabilities of
the other UK Loan Parties, without any limitation as to amount, unless the instrument or agreement evidencing or creating such other liability
specifically provides to the contrary.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>ARTICLE&#8239;XVII</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>The Borrower Representative</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;17.01&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Appointment;
Nature of Relationship</U><FONT STYLE="background-color: white">. The Company is hereby appointed by each of the Loan Parties as its contractual
representative (herein referred to as the &ldquo;<U>Borrower Representative</U>&rdquo;) hereunder and under each other Loan Document,
and each of the Loan Parties irrevocably authorizes the Borrower Representative to act as the contractual representative of such Loan
Party with the rights and duties expressly set forth herein and in the other Loan Documents. The Borrower Representative agrees to act
as such contractual representative upon the express conditions contained in this Article&#8239;XVII. Additionally, the Borrowers hereby
appoint the Borrower Representative as their agent to receive all of the proceeds of the Loans in the Funding Account(s), at which time
the Borrower Representative shall promptly disburse such Loans to the appropriate Borrower. The Administrative Agent, the Issuing Banks
and the Lenders, and their respective Related Parties, shall not be liable to the Borrower Representative or any Loan Party for any action
taken or omitted to be taken by the Borrower Representative or the Loan Parties pursuant to this Section.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;17.02&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Powers</U><FONT STYLE="background-color: white">.
The Borrower Representative shall have and may exercise such powers under the Loan Documents as are specifically delegated to the Borrower
Representative by the terms of each thereof, together with such powers as are reasonably incidental thereto. The Borrower Representative
shall have no implied duties to the Loan Parties, or any obligation to the Administrative Agent, the Issuing Banks or the Lenders to take
any action thereunder except any action specifically provided by the Loan Documents to be taken by the Borrower Representative.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;17.03&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Employment
of Agents</U><FONT STYLE="background-color: white">. The Borrower Representative may execute any of its duties as the Borrower Representative
hereunder and under any other Loan Document by or through authorized officers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;17.04&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Notices</U><FONT STYLE="background-color: white">.
Each Loan Party shall immediately notify the Borrower Representative of the occurrence of any Default hereunder referring to this Agreement
describing such Default and stating that such notice is a &ldquo;notice of default.&rdquo; In the event that the Borrower Representative
receives such a notice, the Borrower Representative shall give prompt notice thereof to the Administrative Agent and the Lenders. Any
notice provided to the Borrower Representative hereunder shall constitute notice to each Loan Party on the date received by the Borrower
Representative.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;17.05&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Successor
Borrower Representative</U><FONT STYLE="background-color: white">. Upon the prior written consent of the Administrative Agent, the Borrower
Representative may resign at any time, such resignation to be effective upon the appointment of a successor Borrower Representative. The
Administrative Agent shall give prompt written notice of such resignation to the Lenders.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;17.06&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Execution
of Loan Documents; Borrowing Base Certificate</U><FONT STYLE="background-color: white">. The Loan Parties hereby empower and authorize
the Borrower Representative, on behalf of the Loan Parties, to execute and deliver to the Administrative Agent and the Lenders the Loan
Documents and all related agreements, certificates, documents, or instruments as shall be necessary or appropriate to effect the purposes
of the Loan Documents, including without limitation, the Borrowing Base Certificates and the Compliance Certificates. Each Loan Party
agrees that any action taken by the Borrower Representative or the Loan Parties in accordance with the terms of this Agreement or the
other Loan Documents, and the exercise by the Borrower Representative of its powers set forth therein or herein, together with such other
powers that are reasonably incidental thereto, shall be binding upon all of the Loan Parties.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&#8239;17.07&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Reporting</U><FONT STYLE="background-color: white">.
Each Loan Party hereby agrees that such Loan Party shall furnish promptly after each Fiscal Month to the Borrower Representative any certificate
or report requested by the Borrower Representative, on which the Borrower Representative shall rely to prepare the Borrowing Base Certificates
and Compliance Certificates required pursuant to the provisions of this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[SIGNATURE PAGES INTENTIONALLY OMITTED]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>Exhibit&#8239;B</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>Amended Form&#8239;of Intercreditor Agreement</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[See attached].</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: red"><B><STRIKE>EXECUTION VERSION</STRIKE></B></P>

<P STYLE="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">INTERCREDITOR AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">dated as of</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: red"><STRIKE>September&#8239;26, 2019,</STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: blue"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>[&#9679;],
20[&#9679;],</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">among</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">JPMORGAN CHASE BANK, N.A.,<BR>
as ABL Agent,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: red"><STRIKE>JPMORGAN CHASE
BANK, N.A.</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>[&#9679;]</U></FONT>,<BR>
as Term Loan Agent,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Each ADDITIONAL DEBT AGENT from time to time party
hereto</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">FOSSIL GROUP,&#8239;INC.,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">as the Company,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">and the other Grantors from time to time party
hereto&#8239;</P>

<P STYLE="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Table of
    Contents</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD STYLE="width: 80%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 5%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Page</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; text-transform: uppercase; color: blue"><U>ARTICLE&#8239;I</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; text-transform: uppercase; color: blue"><U>Definitions</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;1.01</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>New York UCC</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;1.02</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Other Defined Terms</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;1.03</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Terms Generally</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">12</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; text-transform: uppercase; color: blue"><U>ARTICLE&#8239;II</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; text-transform: uppercase; color: blue"><U>Lien
    Priorities</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;2.01</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Relative Priorities</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>12</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>13</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;2.02</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Prohibition on Contests</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;2.03</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>No New Liens</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">14</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;2.04</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Revolving Nature of ABL Obligations</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">14</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; text-transform: uppercase; color: blue"><U>ARTICLE&#8239;III</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; text-transform: uppercase; color: blue"><U>Enforcement</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;3.01</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Exercise of Remedies</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">15</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;3.02</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Lockbox System</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>17</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>17</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; text-transform: uppercase; color: blue"><U>ARTICLE&#8239;IV</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; text-transform: uppercase; color: blue"><U>Payments</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;4.01</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Application of Proceeds</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">18</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;4.02</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Payments Over</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>18</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>18</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;4.03</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Delivery of Collateral and Proceeds</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">19</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; text-transform: uppercase; color: blue"><U>ARTICLE&#8239;V</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; text-transform: uppercase; color: blue"><U>Other
    Agreements</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;5.01</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Releases</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">19</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;5.02</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Insurance</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">20</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;5.03</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Certain Provisions Regarding Credit
    Documents</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">21</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;5.04</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Bailee for Perfection</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">21</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;5.05</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>When Discharge of Obligations Deemed
    Not to Have Occurred</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">22</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;5.06</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Sharing of Information; Rights of Access
    and Use</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">22</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;5.07</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Consent to License of Intellectual
    Property</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">24</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;5.08</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Permits and Licenses</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">24</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; text-transform: uppercase; color: blue"><U>ARTICLE&#8239;VI</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; width: 15%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD STYLE="text-align: center; width: 80%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 5%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; text-transform: uppercase; color: blue"><U>Insolvency
    or Liquidation Proceedings</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;6.01</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Cash Collateral and DIP Financing</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>25</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>25</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;6.02</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Relief from the Automatic Stay</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>26</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>26</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;6.03</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Adequate Protection</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">26</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;6.04</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>No Waiver</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">27</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;6.05</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Avoidance Issues</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">27</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;6.06</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Post-Petition Amounts</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">27</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;6.07</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Asset Dispositions</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>28</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>28</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;6.08</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Waiver</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">28</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;6.09</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Separate Grants of Security and Separate
    Classification</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">28</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;6.10</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Voting</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">29</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;6.11</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Reorganization Securities</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">29</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; text-transform: uppercase; color: blue"><U>ARTICLE&#8239;VII</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; text-transform: uppercase; color: blue"><U>Reliance;
    Waivers; Etc.</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;7.01</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Reliance; Information</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">29</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;7.02</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>No Warranties or Liability</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>30</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>30</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;7.03</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>No Waiver of Lien Priorities</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">30</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;7.04</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>No Marshalling</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">30</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;7.05</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Obligations Unconditional</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>31</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>30</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; text-transform: uppercase; color: blue"><U>ARTICLE&#8239;VIII</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; text-transform: uppercase; color: blue"><U>Miscellaneous</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;8.01</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Agent Joinder</U></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><U><STRIKE>.</STRIKE></U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">31</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;8.02</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Notices</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">31</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;8.03</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Conflicts</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">32</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;8.04</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Effectiveness; Continuing Nature of
    this Agreement</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3</FONT>2</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;8.05</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Severability</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">32</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;8.06</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Amendments; Waivers</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>33</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>32</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;8.07</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Information Concerning Financial Condition
    of Grantors</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">33</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;8.08</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Subrogation</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">33</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;8.09</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Application of Payments</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">33</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;8.10</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Applicable Law</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">33</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;8.11</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>WAIVER OF JURY TRIAL</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">33</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;8.12</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Jurisdiction; Consent to Service of
    Process</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>34</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>34</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;8.13</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Further Assurances</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">34</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;8.14</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Specific Performance</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">34</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;8.15</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Headings</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">34</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;8.16</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Counterparts</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>35</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>34</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;8.17</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Authorization</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>35</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>35</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;8.18</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Parties in Interest</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>35</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>35</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;8.19</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Provisions Solely to Define Relative
    Rights</U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">35</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>SECTION&#8239;8.20</U></FONT></TD>
    <TD><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Additional Indebtedness</U></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><U><STRIKE>.
    .</STRIKE></U></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">35</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">INTERCREDITOR AGREEMENT dated as of <FONT STYLE="color: red"><STRIKE>September&#8239;26,
2019</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>[&#9679;], 20[&#9679;]</U></FONT> (this &ldquo;<U>Agreement</U>&rdquo;),
between JPMORGAN CHASE BANK, N.A., in its capacity as administrative agent for, and acting on behalf of, the ABL Secured Parties (together
with its successors and assigns in such capacity, the &ldquo;<U>ABL Agent</U>&rdquo;) and <FONT STYLE="color: red"><STRIKE>JPMORGAN CHASE
BANK, N.A.</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>[&#9679;]</U></FONT>, in its capacity as administrative
agent for, and acting on behalf of, the Term Loan Secured Parties (together with its successors and assigns in such capacity, the &ldquo;<U>Term
Loan Agent</U>&rdquo;) and acknowledged by the Company and each of the other Grantors. Capitalized terms used in this Agreement have the
meanings assigned to them in Article&#8239;I below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: red"><STRIKE>On</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>As
of</U></FONT> the date hereof, (a)&#8239;Fossil Group,&#8239;Inc. (the &ldquo;<U>Company</U>&rdquo;), the lenders party thereto and <FONT STYLE="color: red"><STRIKE>JPMorgan
Chase Bank, N.A.</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>[&#9679;]</U></FONT>, as Term Loan Agent, are
entering into the Term Credit Agreement and (b)&#8239;the Company, the other Grantors, the lenders party thereto and JPMorgan Chase Bank,
N.A., as ABL Agent, are <FONT STYLE="color: red"><STRIKE>entering into</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>party
to</U></FONT> the ABL Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The ABL Credit Agreement provides that Term Liens shall be permitted
under the covenants contained therein, and the Term Credit Agreement provides that ABL Liens shall be permitted under the covenants contained
therein, only if such Liens are subject to the terms of an intercreditor agreement in the form of this Agreement. Accordingly, the ABL
Secured Parties and the Term Secured Parties have authorized and directed the ABL Agent and the Term Agent, respectively, to enter into
this Agreement to set forth their relative rights and remedies with respect to the Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In consideration of the foregoing and the mutual covenants and obligations
herein set forth and for other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties
hereto, intending to be legally bound, hereby agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>ARTICLE&#8239;I</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Definitions</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;1.01</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>New
York UCC</U>. All capitalized terms used but not defined in this Agreement and that are defined in the UCC as in effect in the State of
New York shall have the meanings specified therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;1.02</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Other
Defined Terms</U>. As used in this Agreement, the following terms shall have the following meanings:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>ABL Agent</U>&rdquo; has the meaning set forth in the preamble
to this agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>ABL Collateral</U>&rdquo; means all &ldquo;U.S. Collateral,&rdquo;
as defined in the ABL Credit Agreement, and any other assets of any Grantor now or at any time hereafter subject or purported under the
terms of any ABL Collateral Document to be made subject to any Lien securing any ABL Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>ABL Collateral Documents</U>&rdquo; means the ABL Security
Agreement and the other &ldquo;Collateral Documents,&rdquo; as defined in the ABL Credit Agreement, and any other agreement, document
or instrument now existing or entered into after the date hereof that grants a Lien on any assets of Company or any Subsidiary to secure
any ABL Obligations, as each may be Amended from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>ABL Credit Agreement</U>&rdquo; means the Credit Agreement
dated as of <FONT STYLE="color: red"><STRIKE>date hereof</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>September&#8239;26,
2019</U></FONT>, among the Company, the Subsidiaries party thereto, the lenders party thereto and JPMorgan Chase Bank, N.A., as ABL Agent,
as <FONT STYLE="color: red"><STRIKE>amended</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Amended</U></FONT>
from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>ABL Documents</U>&rdquo; means the ABL Credit Agreement,
the ABL Collateral Documents, <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>and </U></FONT>all other &ldquo;Loan Documents,&rdquo;
as defined in the ABL Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>ABL Lenders</U>&rdquo; means &ldquo;Lenders,&rdquo; as defined
in the ABL Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>ABL Liens</U>&rdquo; means all Liens on the Collateral securing
the ABL Obligations, whether created under the ABL Collateral Documents or acquired by possession, statute (including any judgment lien),
operation of law, subrogation or otherwise and whether or not created following the commencement of any Insolvency or Liquidation Proceeding,
now or hereafter held by or on behalf of the ABL Agent or any other ABL Secured Party, or any agent or trustee therefor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>ABL Obligations</U>&rdquo; means all &ldquo;Secured Obligations,&rdquo;
as defined in the ABL Credit Agreement (including any such Secured Obligations arising or accruing during the pendency of any Insolvency
or Liquidation Proceeding (including all Post-Petition Amounts with respect to such obligations)), notwithstanding that any such Secured
Obligations or claims therefor are not allowed or allowable or shall be disallowed, voided or subordinated in any Insolvency or Liquidation
Proceeding or under any Bankruptcy Law or other applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>ABL Priority Collateral</U>&rdquo; means any and all of the
following that constitute Collateral: (a)&#8239;all Accounts (other than Accounts arising under contracts for the sale of Term Priority
Collateral); (b)&#8239;all Chattel Paper (including Electronic Chattel Paper); (c)&#8239;all tax refunds of any kind; (d)&#8239;all Deposit
Accounts, Securities Accounts and Investment Property (other than any Equity Interests <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>[</U></FONT>and
any Proceeds Collateral Account<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>]</U></FONT>), and all cash, cash equivalents,
checks and other negotiable Instruments, funds and other evidences of payment and all Financial Assets held on deposit therein or credited
thereto, and all Security Entitlements arising therefrom (in each case, subject to Section&#8239;3.02, other than any identifiable Proceeds
of the Term Priority Collateral); (e)&#8239;all Inventory; (f)&#8239;all <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Intellectual
Property; (g)&#8239;all </U></FONT>rights to business interruption insurance; (<FONT STYLE="color: red"><STRIKE>g</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>h)
all intercompany indebtedness arising in connection with cash pooling; (i</U></FONT>)&#8239;solely to the extent evidencing, governing,
securing or otherwise relating to the items referred to in any of the preceding clauses, all Documents, General Intangibles (other than
<FONT STYLE="color: red"><STRIKE>Intellectual Property and </STRIKE></FONT>Equity Interests),&#8239;Instruments, Commercial Tort Claims
and Letter of Credit Rights; (<FONT STYLE="color: red"><STRIKE><U STYLE="border-bottom:.5pt double; padding-bottom:.5pt ">h</u></STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>j</U></FONT>)
all Proceeds, including insurance Proceeds, of any of the foregoing and all Supporting Obligations, collateral security and guarantees
or other credit support given by any Person with respect to any of the foregoing; and (<FONT STYLE="color: red"><STRIKE>i</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>k</U></FONT>)
all books and records relating to any of the foregoing. Notwithstanding the foregoing, the term &ldquo;ABL Priority Collateral&rdquo;
shall not include any assets referred to in clauses (a), <FONT STYLE="color: red"><STRIKE>(b), </STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>[</U></FONT>(c)<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>]</U></FONT>
and (d)&#8239;of the definition of the term &ldquo;Term Priority Collateral.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>ABL Secured Parties</U>&rdquo; means the ABL Agent and the
other &ldquo;Lender Parties&rdquo; as defined in the ABL Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>ABL Security Agreement</U>&rdquo; means, individually and
collectively as the context may require, the U.S. Security Agreement, the Canadian Security Agreements, the European Security Agreements,
the French Security Agreements and the Hong Kong Security Agreements (each as defined in the ABL Credit Agreement), each dated as of <FONT STYLE="color: red"><STRIKE>the
date hereof</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>September&#8239;26, 2019, and the French Security
Agreements (as defined in the ABL Credit Agreement), each dated as of March&#8239;11, 2020, in each case</U></FONT>, among the Company,
the other Grantors party thereto and the ABL Agent, as Amended from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Accounts</U>&rdquo; means (i)&#8239;all &ldquo;accounts,&rdquo;
as such term is defined in the UCC and (ii)&#8239;all other rights to payment of money or funds, whether or not earned by performance,
 &#8239;(a)&#8239;for Inventory <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>or Intellectual Property </U></FONT>that has been
or is to be sold, leased, licensed, rented, assigned, or otherwise disposed of, (b)&#8239;for services rendered or to be rendered, or (c)&#8239;owed
by a credit card issuer or by a credit card processor resulting from purchases by customers using credit or debit cards issued by such
issuer in connection with the transactions described in clauses (a)&#8239;and (b)&#8239;above, whether such rights to payment constitute
payment intangibles, letter-of-credit rights or any other classification of property, or are evidenced in whole or in part by instruments,
chattel paper, general intangibles or documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Additional Debt</U>&rdquo; means any Additional First Lien
Term Debt and any Second Lien Term Debt.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Additional Debt Agent</U>&rdquo; means, with respect to any
Series&#8239;of Additional Debt Obligations, the person or entity that, pursuant to the Additional Debt Documents relating to such Additional
Debt Obligations, holds Liens on the Collateral on behalf of the Additional Debt Secured Parties thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Additional Debt Collateral</U>&rdquo; means, with respect
to any Series&#8239;of Additional Debt Obligations, all assets and properties subject to Liens created by the Additional Debt Security
Documents to secure such Additional Debt Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Additional Debt Documents</U>&rdquo; means each Additional
Debt Facility and the Additional Debt Security Documents and each agreement or document executed pursuant thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Additional Debt Facility</U>&rdquo; means one or more debt
facilities, commercial paper facilities or indentures for which the requirements of <U>Section&#8239;8.01</U> of this Agreement have been
satisfied, in each case with banks, other lenders or trustees, providing for revolving credit loans, term loans, letters of credit, notes
or other borrowings, in each case, as amended, restated, modified, renewed, refunded, restated, restructured, increased, supplemented,
replaced or refinanced in whole or in part from time to time in accordance with each applicable Credit Document; <I>provided</I> that
the ABL Credit Agreement and the Term Credit Agreement shall not constitute an Additional Debt Facility at any time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Additional Debt Lien</U>&rdquo; means a Lien granted pursuant
to any Additional Debt Security Document to an Additional Debt Agent or Additional Debt Secured Party at any time upon any property of
any Grantor that is Collateral to secure a Series&#8239;of Additional Debt Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Additional Debt Obligations</U>&rdquo; means, with respect
to any Grantor, any obligations of such Grantor under the Additional Debt Documents and shall include all Post-Petition Amounts with respect
to such obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Additional Debt Secured Parties</U>&rdquo; means, with respect
to any Series&#8239;of Additional Debt Obligations, at any time, the Additional Debt Agent and the other holders from time to time of Additional
Debt Obligations of such Series.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Additional Debt Security Documents</U>&rdquo; means the Additional
Debt Facility (insofar as the same grants a Lien on any collateral) and all security agreements, pledge agreements, collateral assignments,
mortgages, deeds of trust, control agreements, guarantees, notes and any other documents or instruments now existing or entered into after
the date hereof that create Liens on any assets or properties of any Grantor to secure any Additional Debt Obligations of the Grantors
owed thereunder to any Additional Debt Secured Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Additional First Lien Term Debt</U>&rdquo; means any secured
debt issued pursuant to an Additional Debt Facility ranking equal in right of security with Term Loan Obligations and permitted under
the ABL Credit Agreement and the Term Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Affiliate</U>&rdquo; means, with respect to a specified Person,
another Person that directly or indirectly Controls or is Controlled by or is under common Control with the Person specified.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Agent Joinder</U>&rdquo; means an agreement substantially
in the form of <U>Exhibit&#8239;B</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Agents</U>&rdquo; means the ABL Agent, the Term Agent and
any Additional Debt Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Agreement</U>&rdquo; has the meaning set forth in the preamble
hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Amend</U>&rdquo; means, in respect of any Indebtedness, obligation
or agreement, to amend, restate, modify, waive, supplement, restructure, extend, increase <FONT STYLE="color: red"><STRIKE>or</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>,</U></FONT>
renew<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>, refinance, refund or replace</U></FONT> such Indebtedness, obligation
or agreement, in whole or in part. The terms &ldquo;<U>Amended</U>&rdquo; and &ldquo;<U>Amendment</U>&rdquo; shall have correlative meanings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Banking Services</U>&rdquo; has the meaning set forth in
the ABL Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Banking Services Obligations</U>&rdquo; has the meaning set
forth in the ABL Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Bankruptcy Code</U>&rdquo; means Title 11 of the United States
Code entitled &ldquo;Bankruptcy,&rdquo; as now and hereafter in effect, or any successor statute.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Bankruptcy Law</U>&rdquo; means the Bankruptcy Code and any
other Federal, state or foreign bankruptcy, insolvency, receivership or similar law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Business Day</U>&rdquo; means any day that is not a Saturday,
Sunday or other day on which commercial banks in New York City are authorized or required by law to remain closed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Cash Collateral Usage</U>&rdquo; has the meaning set forth
in Section&#8239;6.01.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Casualty</U>&rdquo; means any insured event of damage or
casualty relating to all or any part of the Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Class</U>&rdquo; refers to either (a)&#8239;the ABL Agent,
the ABL Collateral Documents, the ABL Credit Agreement, the ABL Documents, the ABL Obligations or the ABL Secured Parties, on the one
hand, as opposed to (b)&#8239;the Term Agents, the Term Collateral Documents, the Term Documents, the Term Obligations or the Term Secured
Parties, on the other hand.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Collateral</U>&rdquo; means any assets of Company or any
<FONT STYLE="color: red"><STRIKE>Subsidiary</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Grantor</U></FONT>
that constitute the ABL Collateral or the Term Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Collateral Documents</U>&rdquo; means the ABL Collateral
Documents and the Term Collateral Documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Company</U>&rdquo; has the meaning set forth in the recitals
to this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Condemnation</U>&rdquo; means any taking, exercise of rights
of eminent domain, public improvement, inverse condemnation, condemnation or similar action of or proceeding by any Governmental Authority
or any other Person relating to any part of the Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Condemnation Proceeds</U>&rdquo; means all compensation,
awards and other payments or relief (including instruments and payments with respect to a deed in lieu of condemnation) to which Company
or any Subsidiary shall be entitled by law or otherwise in respect of any Condemnation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Control</U>&rdquo; means the possession, directly or indirectly,
of the power to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting
power, by contract or otherwise. &ldquo;<U>Controlling</U>&rdquo; and &ldquo;<U>Controlled</U>&rdquo; have meanings correlative thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Controlling Term Agent</U>&rdquo; means (i)&#8239;for so long
as there is only one Series&#8239;of Term Debt, the Term Agent for such Series, (ii)&#8239;at any time when there is more than one Series&#8239;of
First Lien Term Debt, the &ldquo;<U>Applicable Collateral Agent</U>&rdquo; (or any comparable term) , as such term is defined in the Pari
Passu First Lien Intercreditor Agreement, as designated by such Term Agent in a notice to the ABL Agent, (iii)&#8239;at any time when Term
Debt consists of only one Series&#8239;of Second Lien Term Debt, the Term Agent for such Series, and (iv)&#8239;at any time when Term Debt
consists solely of two or more Series&#8239;of Second Lien Term Debt, the Term Agent designated by all then existing Term Agents in a notice
to the ABL Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Copyright License</U>&rdquo; means any written agreement,
now or hereafter in effect, granting to any Person any right under any Copyright now or hereafter owned by any other Person or that such
other Person otherwise has the right to license, and all rights of any such Person under any such agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Copyrights</U>&rdquo; means, with respect to any Person,
all of the following now owned or hereafter acquired by such Person: (a)&#8239;all copyright rights in any work subject to the copyright
laws of the United States or any other country, whether as author, assignee, transferee or otherwise, and (b)&#8239;all registrations and
recordings thereof, and all registration and recording applications filed in connection therewith, including registrations, recordings
and applications in the United States Copyright Office or any similar office in any other country.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Credit Agreements</U>&rdquo; means the ABL Credit Agreement
and the Term Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Credit Documents</U>&rdquo; means the ABL Documents and the
Term Documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>DIP Financing</U>&rdquo; has the meaning set forth in Section&#8239;6.01.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Discharge</U>&rdquo; means, with respect to the Obligations
of any Class, subject to Sections 5.05 and 6.05:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(a)&#8239;&#8239;&#8239;&#8239;payment
in full in cash of the principal of and interest (including any Post-Petition Amounts in the nature of interest) on all Obligations of
such Class;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(b)&#8239;&#8239;&#8239;&#8239;payment
in full in cash of all other Obligations of such Class&#8239;that are due and payable or otherwise accrued and owing at or prior to the
time such principal and interest are paid (including any Post-Petition Amounts in the nature of fees, costs, expenses and other amounts);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(c)&#8239;&#8239;&#8239;&#8239;except
for purposes of Section&#8239;5.02, termination or expiration of all commitments, if any, to extend credit that would give rise to Obligations
of such Class; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(d)&#8239;&#8239;&#8239;&#8239;termination
or cash collateralization of all letters of credit the reimbursement or payment obligations in respect of which constitute Obligations
of such Class&#8239;(any such cash collateralization to be in an amount and manner reasonably satisfactory to the Agent of such Class,
but in no event shall such amount be greater than 103% of the aggregate undrawn face amount of such letters of credit).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Discharge of Senior Obligations</U>&rdquo; means, with respect
to any Collateral, the Discharge of Obligations constituting Senior Obligations with respect to such Collateral. The parties hereto acknowledge
that (a)&#8239;with respect to the ABL Liens on the Term Priority Collateral and the ABL Obligations insofar as they are secured by such
Liens, a Discharge of Senior Obligations shall mean a Discharge of the Term Obligations and (b)&#8239;with respect to the Term Liens on
the ABL Priority Collateral and the Term Obligations insofar as they are secured by such Liens, the Discharge of Senior Obligations shall
mean a Discharge of the ABL Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Disposition</U>&rdquo; means any sale, lease, exchange, transfer
or other disposition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Domestic Subsidiary</U>&rdquo; means any Subsidiary of the
Company that is organized under the laws of the United States, any state of the United States or the District of Columbia.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Equity Interests</U>&rdquo; means shares of capital stock,
partnership interests, membership interests in a limited liability company, beneficial interests in a trust or other equity ownership
interests in a Person, and any warrants, options or other rights entitling the holder thereof to purchase or acquire any such equity interest
(other than, prior to the date of such conversion, any Indebtedness that is convertible into any such Equity Interests).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>First Lien Term Debt</U>&rdquo; means the Term Obligations
and the Additional First Lien Term Debt.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Foreign Collateral</U>&rdquo; means any assets pledged by
any Foreign Subsidiary to secure ABL Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Foreign Subsidiary</U>&rdquo; means any Subsidiary of Company,
other than a Domestic Subsidiary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Governmental Authority</U>&rdquo; means the government of
the United States, any other nation or any political subdivision thereof, whether state or local, and any agency, authority, instrumentality,
regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative
powers or functions of or pertaining to government (including any supra-national body exercising such powers or functions, such as the
European Union or the European Central Bank).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Grantors</U>&rdquo; means Company and each Subsidiary that
shall have created or purported to create Liens to secure each of (i)&#8239;the ABL Obligations and (ii)&#8239;the Term Obligations. Each
Grantor shall execute a Grantor Acknowledgement in the form of <U>Exhibit&#8239;A</U> hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Indebtedness</U>&rdquo; means and includes all obligations
that constitute &ldquo;Indebtedness&rdquo; within the meaning of the ABL Credit Agreement or the Term Credit Agreement, as in effect on
the date hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Insolvency or Liquidation Proceeding</U>&rdquo; means (a)&#8239;any
voluntary or involuntary case or proceeding under the Bankruptcy Code or other applicable Bankruptcy Law with respect to any Grantor,
(b)&#8239;any other voluntary or involuntary insolvency, reorganization or bankruptcy case or proceeding, or any receivership, liquidation,
reorganization or other similar case or proceeding with respect to any Grantor or with respect to a material portion of the assets of
any Grantor, (c)&#8239;any liquidation, dissolution, reorganization or winding-up of any Grantor, whether voluntary or involuntary and
whether or not involving insolvency or bankruptcy, or (d)&#8239;any assignment for the benefit of creditors or any other marshaling of
assets and liabilities of any Grantor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Intellectual Property</U>&rdquo; means all intellectual and
similar property of every kind and nature now owned or hereafter acquired by any Grantor, including inventions, designs, Patents, Copyrights,
Licenses, Trademarks, trade secrets, domain names, confidential or proprietary technical and business information, know-how, show-how
or other data or information, software and databases and all embodiments or fixations thereof and related documentation, registrations
and franchises, and all additions, improvements and accessions to, and books and records describing or used in connection with, any of
the foregoing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Intellectual Property License</U>&rdquo; has the meaning
set forth in Section&#8239;5.08(a).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Junior Agent</U>&rdquo; means, the ABL Agent with respect
to the Term Priority Collateral and each Term Agent with respect to the ABL Priority Collateral, and accordingly, any reference herein
to the &ldquo;Junior Agent&rdquo; shall be construed as a reference to the ABL Agent insofar as the Term Priority Collateral is concerned
and to the Term Agents insofar as the ABL Priority Collateral is concerned.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Junior Documents</U>&rdquo; means (a)&#8239;with respect to
Junior Obligations that are ABL Obligations or Junior Secured Parties that are ABL Secured Parties, the ABL Documents and (b)&#8239;with
respect to Junior Obligations that are Term Obligations or the Junior Secured Parties that are Term Secured Parties, the Term Documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Junior Lien Intercreditor Agreement</U>&rdquo; means <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>[</U></FONT>the
Junior Lien Intercreditor Agreement, substantially in the form of Exhibit&#8239;<FONT STYLE="color: red"><STRIKE>K</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>[&#9679;]</U></FONT>
to the Term Credit Agreement.<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>]</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Junior Liens</U>&rdquo; means, subject to the proviso set
forth in Section&#8239;2.01(a), (a)&#8239;with respect to the ABL Priority Collateral or the ABL Liens on the ABL Priority Collateral, the
Term Liens on such Collateral, and (b)&#8239;with respect to the Term Priority Collateral or the Term Liens on the Term Priority Collateral,
the ABL Liens on such Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Junior Obligations</U>&rdquo; means (a)&#8239;with respect
to the ABL Priority Collateral, any ABL Liens thereon or any ABL Obligations owed to any ABL Secured Parties secured by the ABL Priority
Collateral, the Term Obligations that are secured by Junior Liens on such ABL Priority Collateral and (b)&#8239;with respect to the Term
Priority Collateral, any Term Liens thereon or any Term Obligations owed to any Term Secured Parties secured by the Term Priority Collateral,
the ABL Obligations that are secured by Junior Liens on such Term Priority Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Junior Priority Collateral</U>&rdquo; means (a)&#8239;with
respect to the ABL Agent and any other ABL Secured Party, Term Priority Collateral and (b)&#8239;with respect to any Term Debt Agent and
any other Term Secured Party, ABL Priority Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Junior Secured Parties</U>&rdquo; means, the ABL Secured
Parties with respect to the Term Priority Collateral and the Term Secured Parties with respect to the ABL Priority Collateral, and accordingly,
any reference herein to the &ldquo;Junior Secured Parties&rdquo; shall be construed as a reference to the ABL Secured Parties insofar
as the Term Priority Collateral is concerned and to the Term Secured Parties insofar as the ABL Priority Collateral is concerned.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>License</U>&rdquo; means any Patent License, Trademark License,
Copyright License or other license or sublicense agreement with respect to intellectual property to which any Grantor is a party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Lien</U>&rdquo; means, with respect to any asset, (a)&#8239;any
mortgage, deed of trust, lien, pledge, hypothecation, charge, security interest or other encumbrance in, on or of such asset, (b)&#8239;the
interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease
having substantially the same economic effect as any of the foregoing) relating to such asset and (c)&#8239;in the case of securities,
any purchase option, call or similar right of a third party with respect to such securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>New Agent</U>&rdquo; has the meaning set forth in Section&#8239;5.05.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Notice of New Obligations</U>&rdquo; has the meaning set
forth in Section&#8239;5.05.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Notification of Proceeds</U>&rdquo; has the meaning set forth
in Section&#8239;3.02.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Obligations</U>&rdquo; means all ABL Obligations and all
Term Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Officer</U>&rdquo; means the chief executive officer, the
president, any vice president, the chief operating officer or any chief financial officer, treasurer or controller of such Person and
any other officer or similar official thereof responsible for the administration of the obligations of such Person in respect of this
Agreement. Any document delivered hereunder that is signed by an Officer of a Grantor shall be conclusively presented to have been authorized
by all necessary corporate, partnership and/or other action on the part of such Grantor and such Officer shall be conclusively presumed
to have acted on behalf of such Grantor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Officer&rsquo;s Certificate</U>&rdquo; means a certificate
signed on behalf of applicable Grantor by an Officer of such Grantor, who must be the principal executive officer, the principal financial
officer, the treasurer or the principal accounting officer of such Grantor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Pari Passu First Lien Intercreditor Agreement</U>&rdquo;
means <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>[</U></FONT>the Pari Passu Lien Intercreditor Agreement, substantially
in the form of Exhibit&#8239;<FONT STYLE="color: red"><STRIKE>L</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>[&#9679;]</U></FONT>
to the Term Credit Agreement.<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>]</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Patent License</U>&rdquo; means any written agreement, now
or hereafter in effect, granting to any Person any right to make, use or sell any invention on which a Patent now or hereafter owned by
any other Person, or that any other Person now or hereafter otherwise has the right to license, is in existence, and all rights of any
such Person under any such agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Patents</U>&rdquo; means, with respect to any Person, all
of the following now owned or hereafter acquired by such Person: (a)&#8239;all letters patent of the United States or the equivalent thereof
in any other country, all registrations and recordings thereof and all applications for letters patent of the United States or the equivalent
thereof in any other country, including registrations, recordings and pending applications in the United States Patent and Trademark Office
or any similar offices in any other country, and (b)&#8239;all reissues, continuations, divisions, continuations-in-part, renewals or extensions
thereof, and the inventions disclosed or claimed therein, including the right to make, use and/or sell the inventions disclosed or claimed
therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Person</U>&rdquo; means any natural person, corporation,
limited liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Pledged or Controlled Collateral</U>&rdquo; has the meaning
set forth in Section&#8239;5.04(a).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Post-Petition Amounts</U>&rdquo; means, with respect to any
Obligations, all interest (including interest accruing at the default rate specified in the applicable Credit Documents), fees, costs,
expenses and other amounts that would accrue and become due after commencement of any Insolvency or Liquidation Proceeding but for the
commencement of such Insolvency or Liquidation Proceeding, whether or not such amounts are allowed or allowable, in whole or in part,
in any such Insolvency or Liquidation Proceeding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>[</U></FONT>&ldquo;<U>Proceeds
Collateral Account</U>&rdquo; has the meaning set forth in the Term Credit Agreement as in effect on the date hereof (or any equivalent
account into which solely proceeds of disposition of Term Priority Collateral are held or required to be held).<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>]</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Recovery</U>&rdquo; has the meaning set forth in Section&#8239;6.05.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Refinance</U>&rdquo; means, in respect of any Indebtedness,
to refinance or replace, or to issue other Indebtedness in exchange for or replacement of, such Indebtedness in whole or in part. The
terms &ldquo;<U>Refinanced</U>&rdquo; and &ldquo;<U>Refinancing</U>&rdquo; shall have correlative meanings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Related Secured Parties</U>&rdquo; means (a)&#8239;in the
case of the ABL Agent, the ABL Secured Parties, (b)&#8239;in the case of the Term Loan Agent, the Term Loan Secured Parties and (c)&#8239;in
the case of any Additional Debt Agent, the Additional Debt Secured Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Second Lien Term Debt</U>&rdquo; means any secured debt issued
pursuant to an Additional Debt Facility ranking junior in right of security to the Term Loan Obligations and any Additional First Lien
Term Debt and permitted under the ABL Credit Agreement and the Term Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Secured Parties</U>&rdquo; means the ABL Secured Parties
and the Term Secured Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Senior Agent</U>&rdquo; means the ABL Agent with respect
to the ABL Priority Collateral and each Term Debt Agent with respect to the Term Priority Collateral, and accordingly, any reference herein
to the &ldquo;Senior Agent&rdquo; shall be construed as a reference to the ABL Agent insofar as the ABL Priority Collateral is concerned
and to each Term Agent insofar as the Term Priority Collateral is concerned.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Senior Documents</U>&rdquo; means (a)&#8239;with respect to
Senior Obligations that are ABL Obligations, the ABL Documents and (b)&#8239;with respect to Senior Obligations that are Term Obligations,
the Term Debt Documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Senior Liens</U>&rdquo; means, subject to the proviso set
forth in Section&#8239;2.01(a), (a)&#8239;with respect to the ABL Priority Collateral or the Term Liens on the ABL Priority Collateral,
the ABL Liens on such Collateral, and (b)&#8239;with respect to the Term Priority Collateral or the ABL Liens on the Term Priority Collateral,
the Term Liens on such Collateral, and, in each case, any Liens incurred in connection with any Refinancing of Senior Obligations that
are deemed to be Senior Liens under Section&#8239;5.05.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Senior Obligations</U>&rdquo; means (a)&#8239;with respect
to the ABL Priority Collateral, any Term Debt Liens thereon or any Term Obligations owed to any Term Secured Parties secured by the ABL
Priority Collateral, the ABL Obligations that are secured by Senior Liens on such ABL Priority Collateral and (b)&#8239;with respect to
the Term Priority Collateral, any ABL Liens thereon or any ABL Obligations owed to any ABL Secured Parties secured by the Term Priority
Collateral, the Term Obligations that are secured by Senior Liens on such Term Priority Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Senior Priority Collateral</U>&rdquo; means (a)&#8239;with
respect to the ABL Agent and any other ABL Secured Party, ABL Priority Collateral and (b)&#8239;with respect to any Term Agent and any
other Term Secured Party, Term Priority Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Senior Secured Parties</U>&rdquo; means the ABL Secured Parties
with respect to the ABL Priority Collateral and the Term Secured Parties with respect to the Term Priority Collateral, and accordingly,
any reference herein to the &ldquo;Senior Secured Parties&rdquo; shall be construed as a reference to the ABL Secured Parties insofar
as the ABL Priority Collateral is concerned and to the Term Secured Parties insofar as the Term Priority Collateral is concerned.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Series</U>&rdquo; means each of (a)&#8239;the Term Loan Obligation
and (b)&#8239;each class or issuance of Additional Debt Obligations incurred under a single Additional Debt Facility. &ldquo;<U>Series</U>&rdquo;
when used with respect to any agent, person, document, lien or other item with respect to any Term Obligations shall have a correlative
meaning.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>subsidiary</U>&rdquo; means, with respect to any Person (the
 &ldquo;<U>parent</U>&rdquo;) at any date, (a)&#8239;any Person the accounts of which would be consolidated with those of the parent in
the parent&rsquo;s consolidated financial statements if such financial statements were prepared in accordance with GAAP as of such date
and (b)&#8239;any other Person (i)&#8239;of which Equity Interests representing more than 50% of the equity value or more than 50% of the
ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests are, as of such date, owned,
controlled or held, or (ii)&#8239;that is, as of such date, otherwise Controlled, by the parent or one or more subsidiaries of the parent
or by the parent and one or more subsidiaries of the parent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Subsidiary</U>&rdquo; means any direct or indirect subsidiary
of Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Successor Intellectual Property License</U>&rdquo; has the
meaning set forth in Section&#8239;5.08(b).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Swap Agreement</U>&rdquo; means any agreement with respect
to any swap, forward, future or derivative transaction or option or similar agreement involving, or settled by reference to, one or more
rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic,
financial or pricing risk or value or any similar transaction or any combination of these transactions; <U>provided</U> that no phantom
stock or similar plan providing for payments only on account of services provided by current or former directors, officers, employees
or consultants of Company or any Subsidiary shall be a Swap Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Swap Obligations</U>&rdquo; shall mean, with respect to any
Person, the obligations of such Person under any Swap Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Term Agents</U>&rdquo; means the Term Loan Agent and each
Additional Debt Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Term Collateral</U>&rdquo; means the Term Loan Collateral
and any Additional Debt Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Term Collateral Documents</U>&rdquo; means the Term Loan
Collateral Documents and any Additional Debt Security Documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Term Credit Agreement</U>&rdquo; means the <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>[</U></FONT>Term
Credit Agreement<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>]</U></FONT> dated as of <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>[</U></FONT>the
date hereof<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>]</U></FONT>, among <FONT STYLE="color: red"><STRIKE>the Company,
the lenders party thereto and JPMorgan Chase Bank, N.A.</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>[&#9679;]
and [&#9679;]</U></FONT>, as Term Loan Agent, as Amended from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Term Debt</U>&rdquo; means the First Lien Term Debt and the
Second Lien Term Debt.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Term Documents</U>&rdquo; means the Term Loan Documents and
any Additional Debt Documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Term Facility</U>&rdquo; means the <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>[</U></FONT>Loans<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>]</U></FONT>
(as defined in the Term Credit Agreement) and any Additional Debt Facility.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Term Lien</U>&rdquo; means each Term Loan Lien and each Additional
Debt Lien.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Term Loan Agent</U>&rdquo; has the meaning set forth in the
preamble to this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Term Loan Collateral</U>&rdquo; means all <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>[</U></FONT>&ldquo;Collateral<FONT STYLE="color: red"><STRIKE>&rdquo;</STRIKE></FONT>,<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>&rdquo;]</U></FONT>
as defined in the Term Credit Agreement, and any other assets of any Grantor now or at any time hereafter subject or purported under the
terms of any Term Collateral Document to be made subject to any Lien securing any Term Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Term Loan Collateral Documents</U>&rdquo; means the Term
Loan <FONT STYLE="color: red"><STRIKE>Guarantee and Collateral</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Security</U></FONT>
Agreement, the Term Mortgages and the other <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>[</U></FONT>&ldquo;Collateral Documents,&rdquo;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>]</U></FONT>
as defined in the Term Credit Agreement, and any other agreement, document or instrument now existing or entered into after the date hereof
that grants a Lien on any assets of Company or any Subsidiary to secure any Term Obligations, as each may be Amended from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Term Loan Documents</U>&rdquo; means the Term Credit Agreement,
the Term Loan Collateral Documents, all other <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>[</U></FONT>&ldquo;Loan Documents,&rdquo;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>]</U></FONT>
as defined in the Term Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="color: red"><STRIKE>&ldquo;</STRIKE><U><STRIKE>Term
Loan Guarantee and Collateral </STRIKE></U></FONT><FONT STYLE="color: green"><U><STRIKE>Agreement</STRIKE></U><STRIKE>&rdquo;
means the </STRIKE></FONT><STRIKE><FONT STYLE="color: red">Guarantee and Collateral Agreement </FONT><FONT STYLE="color: green">dated
as of the date hereof, among Company, the Subsidiaries party thereto and the Term Loan Agent, as Amended from time to time.</FONT></STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Term Loan Liens</U>&rdquo; means all Liens on the Collateral
securing the Term Loan Obligations, whether created under the Term Loan Collateral Documents or acquired by possession, statute (including
any judgment lien), operation of law, subrogation or otherwise and whether or not created following the commencement of any Insolvency
or Liquidation Proceeding, now or hereafter held by or on behalf of the Term Loan Agent or any other Term Loan Secured Party, or any agent
or trustee therefor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Term Loan Mortgage</U>&rdquo; means each mortgage, deed of
trust, assignment of leases and rents or other security document that grants a Lien on any real property owned or leased by any Grantor
to secure any Term Loan Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Term Loan Obligations</U>&rdquo; means all <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>[</U></FONT>&ldquo;Secured
Obligations,&rdquo;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>]</U></FONT> as defined in the Term <FONT STYLE="color: red"><STRIKE>Guarantee
and Collateral</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Loan Security</U></FONT> Agreement (including
any such Secured Obligations arising or accruing during the pendency of any Insolvency or Liquidation Proceeding (including all Post-Petition
Amounts with respect to such obligations)), notwithstanding that any such Secured Obligations or claims therefor are not allowed or allowable
or shall be disallowed, voided or subordinated in any Insolvency or Liquidation Proceeding or under any Bankruptcy Law or other applicable
law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Term Loan Secured Parties</U>&rdquo; means the Term Loan
Agent and the other <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>[</U></FONT>&ldquo;Secured Parties&rdquo;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>]</U></FONT>
as defined in the Term Loan <FONT STYLE="color: red"><STRIKE>Guarantee and Collateral</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Security</U></FONT>
Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>&ldquo;Term
Loan Security </U></FONT><U><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: green">Agreement&rdquo; means the </FONT></U><U><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue">[Security
Agreement] </FONT></U><U><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: green">dated as of </FONT></U><U><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue">[</FONT></U><U><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: green">the
date hereof</FONT></U><U><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue">]</FONT></U><U><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: green">,
among Company, the Subsidiaries party thereto and the Term Loan Agent, as Amended from time to time.</FONT></U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Term Obligations</U>&rdquo; means the Term Loan Obligations
and any Additional Debt Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Term Priority Collateral</U>&rdquo; means any and all of
the following that constitute Collateral: (a)&#8239;all Equipment, all real property and interests therein (including both fee and leasehold
interests) and all fixtures; (b)&#8239;<FONT STYLE="color: red"><STRIKE>all Intellectual Property</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>[reserved]</U></FONT>;
(c)&#8239;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>[</U></FONT>each Proceeds Collateral Account, and all cash, cash equivalents,
checks and other negotiable Instruments, funds and other evidences of payment and all Financial Assets held on deposit therein or credited
thereto, and all Security Entitlements arising therefrom;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>]</U></FONT> (d)&#8239;all
Equity Interests; (e)&#8239;to the extent not expressly constituting ABL Priority Collateral, all Commercial Tort Claims, all Documents,
all General Intangibles<FONT STYLE="color: red"><STRIKE>, </STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(for
the avoidance of doubt, other than Intellectual Property),</U></FONT> all Instruments and all Letter of Credit Rights; (f)&#8239;all other
Collateral not constituting ABL Priority Collateral; (g)&#8239;all identifiable Proceeds, including insurance Proceeds (other than business
interruption insurance proceeds), of any of the foregoing and all Supporting Obligations collateral security and guarantees or other credit
support given by any Person with respect to any of the foregoing; and (h)&#8239;all books and records relating to any of the foregoing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Term Secured Parties</U>&rdquo; means the Term Loan Secured
Parties and any Additional Debt Secured Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Trademark License</U>&rdquo; means any written agreement,
now or hereafter in effect, granting to any Person any right to use any Trademark now or hereafter owned by any other Person, or that
any other Person otherwise has the right to license, and all rights of any such Person under any such agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Trademarks</U>&rdquo; means<FONT STYLE="color: red"><STRIKE>,
</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>(i)</U></FONT>&#8239;with respect to any Person, all of the
following now owned or hereafter acquired by such Person: (a)&#8239;all trademarks, service marks, trade names, corporate names, company
names, business names, fictitious business names, trade styles, trade dress, logos, other source or business identifiers, designs and
general intangibles of like nature, now existing or hereafter adopted or acquired, all registrations and recordings thereof, and all registration
and recording applications filed in connection therewith, including registrations, recordings and applications in the United States Patent
and Trademark Office or any similar offices in any other country or any political subdivision thereof, and all extensions or renewals
thereof, (b)&#8239;all goodwill associated therewith or symbolized thereby and (c)&#8239;all other assets, rights and interests that uniquely
reflect or embody such goodwill <FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>and (ii)&#8239;all other Trademark Assets (as
defined in the ABL Credit Agreement (as in effect on the date hereof))</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>UCC</U>&rdquo; means the Uniform Commercial Code (or any
similar or equivalent legislation) as in effect in any applicable jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;1.03</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Terms
Generally</U>. The definitions of terms in this Agreement shall apply equally to the singular and plural forms of the terms defined. Whenever
the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words &ldquo;include,&rdquo;
 &ldquo;includes&rdquo; and &ldquo;including&rdquo; shall be deemed to be followed by the phrase &ldquo;without limitation.&rdquo; The
word &ldquo;will&rdquo; shall be construed to have the same meaning and effect as the word &ldquo;shall.&rdquo; The words &ldquo;asset&rdquo;
and &ldquo;property&rdquo; shall be construed to have the same meaning and effect and to refer to any and all real and personal, tangible
and intangible assets and properties, including cash, securities, accounts and contract rights. The word &ldquo;law&rdquo; shall be construed
as referring to all statutes, rules, regulations, codes and other laws (including official rulings and interpretations thereunder having
the force of law or with which affected persons customarily comply) of all Governmental Authorities. Unless the context requires otherwise,
(a)&#8239;any definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such
agreement, instrument or other document as from time to time Amended (subject to any restrictions on such Amendments set forth herein);
(b)&#8239;any reference herein to any Person shall be construed to include such Person&rsquo;s permitted successors and assigns, and any
reference herein to Company or any other Grantor shall be construed to include Company or such other Grantor as debtor and debtor-in-possession
and any receiver or trustee for Company or such other Grantor, as the case may be, in any Insolvency or Liquidation Proceeding; (c)&#8239;the
words &ldquo;herein&rdquo;, &ldquo;hereof&rsquo; and &ldquo;hereunder,&rdquo; and words of similar import, shall be construed to refer
to this Agreement in its entirety and not to any particular provision hereof; and (d)&#8239;all references herein to Articles and Sections
shall be construed to refer to Articles and Sections of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>ARTICLE&#8239;II</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Lien Priorities</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;2.01</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Relative
Priorities</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Notwithstanding
(i)&#8239;the date, time, method, manner or order of grant, attachment or perfection of any ABL Lien or any Term Lien on any Collateral,
(ii)&#8239;any provision of the UCC or any other applicable law or of any ABL Document or any Term Document, (iii)&#8239;any defect or deficiencies
in, or failure to perfect, any ABL Lien or any Term Lien, (iv)&#8239;whether or not such ABL Lien or Term Lien is subordinated to any Lien
securing any other obligation of any Grantor or any other Person or otherwise subordinated, voided, avoided, invalidated, or lapsed, or
(v)&#8239;any other circumstance whatsoever, each Agent, for itself and on behalf of its Related Secured Parties, hereby agrees that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(A)&#8239;&#8239;&#8239;any
ABL Lien on any ABL Priority Collateral, regardless of how acquired, whether by grant, possession, statute, operation of law, subrogation
or otherwise, shall be senior in all respects and prior to any Term Lien on any ABL Priority Collateral;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(B)&#8239;&#8239;&#8239;&#8239;any
Term Lien on any ABL Priority Collateral, regardless of how acquired, whether by grant, possession, statute, operation of law, subrogation
or otherwise, shall be junior and subordinate in all respects to any ABL Lien on any ABL Priority Collateral;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(C)&#8239;&#8239;&#8239;&#8239;any
Term Lien on any Term Priority Collateral, regardless of how acquired, whether by grant, possession, statute, operation of law, subrogation
or otherwise, shall be senior in all respects and prior to any ABL Lien on any Term Priority Collateral; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(D)&#8239;&#8239;&#8239;any
ABL Lien on any Term Priority Collateral, regardless of how acquired, whether by grant, possession, statute, operation of law, subrogation
or otherwise, shall be junior and subordinate in all respects to any Term Lien on any Term Priority Collateral;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
relative Lien priorities in respect of any Collateral set forth in this Section&#8239;are only with respect to the priority of the Liens
held by or on behalf of the Agents and their Related Secured Parties and shall not constitute a subordination of any Obligations to any
other Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;2.02</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Prohibition
on Contests</U>. Each Agent, for itself and on behalf of its Related Secured Parties, agrees that none of them will (and hereby waives
any right to) contest or question the validity or enforceability of, or join or otherwise support any other Person in contesting or questioning
the validity or enforceability of, in any proceeding, including any Insolvency or Liquidation Proceeding, (a)&#8239;the existence, perfection,
priority, validity or enforceability of any ABL Lien or any Term Lien, (b)&#8239;the validity, allowability, or enforceability of any ABL
Obligations or any Term Obligations or (c)&#8239;the enforceability of this Agreement; <U>provided</U> that nothing in this Agreement shall
be construed to prevent or impair the right of any Secured Party to enforce this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;2.03</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>No
New Liens</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Whether
or not any Insolvency or Liquidation Proceeding has been commenced, the parties hereto agree that no Grantor shall grant any Secured Party
any additional Lien under any Collateral Document on any asset of any Grantor to secure Obligations of any Class&#8239;or Series&#8239;unless
such Grantor has also granted or concurrently grants a Lien on such asset to secure the Obligations of the other Class&#8239;(all such
Liens to have the relative priorities set forth herein based on whether the assets subject to such Liens constitute ABL Priority Collateral
or Term Priority Collateral); <U>provided</U> that the foregoing shall not apply to (i)&#8239;Liens on Foreign Collateral, liens on real
property, and Liens on any asset of any Grantor granted to secure Obligations of any Class&#8239;<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>[</U></FONT>if
such asset is expressly excluded from the grant of a security interest by such Grantor pursuant to the Collateral Documents of the other
Class<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>]</U></FONT>, (ii)&#8239;collateral consisting of cash and cash equivalents
pledged to secure ABL Obligations consisting of reimbursement obligations in respect of Letters of Credit or otherwise held by the ABL
Agent pursuant to Section&#8239;<FONT STYLE="color: red"><STRIKE>__, or Section&#8239;__</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>2.06(j)</U></FONT>&#8239;of
the ABL Credit Agreement and (iii)&#8239;additional Liens on any asset of any Grantor granted to secure Obligations of any Class&#8239;if,
prior to such grant, such Grantor has offered in writing to grant a Lien on such asset to secure Obligations of the other Class&#8239;and
the Agent of such other Class&#8239;has affirmatively declined in writing to accept such Lien or has failed to respond to such offer within
30 days thereof, in which case such Agent shall be deemed to have declined to accept such Lien. To the extent that the foregoing provisions
are not complied with for any reason, without limiting any other rights and remedies available to the other Agent or any of its Related
Secured Parties, each Agent, for itself and on behalf of its Related Secured Parties, agrees that it shall also hold any such additional
Lien for the benefit of the Secured Parties of the other Class&#8239;(but may retain such Lien for itself and its Related Secured Parties,
subject to the relative Lien priorities set forth in this Agreement) and any amounts received by or distributed to such Agent or any of
its Related Secured Parties pursuant to or as a result of Liens granted in contravention of this Section&#8239;shall be subject to Sections
4.01 and 4.02.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Agent agrees, for itself and on behalf of its Related Secured Parties, to cooperate in good faith in order to determine, upon any reasonable
request by the other Agent, the specific assets included in the ABL Collateral and the Term Collateral, the steps taken to perfect the
ABL Liens and the Term Liens thereon and the identity of the respective parties obligated under the ABL Documents and the Term Documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
parties hereto agree that (i)&#8239;the Term Obligations are not secured by the Foreign Collateral<FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>,</U></FONT>
(ii)&#8239;nothing in this Agreement shall limit or affect the rights and remedies of the ABL Secured Parties with respect to the Foreign
Collateral and (iii)&#8239;no Term Secured Party shall commence or take any enforcement action with respect to the Foreign Subsidiaries
or the Foreign Collateral pledged by the Foreign Subsidiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;2.04</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Revolving
Nature of ABL Obligations</U>. Each Term Agent, for itself and on behalf of its Related Secured Parties, expressly acknowledges and agrees
that (a)&#8239;the ABL Credit Agreement includes a revolving commitment and that in the ordinary course of business the ABL Agent and the
ABL Lenders will apply payments and make advances thereunder, (b)&#8239;the amount of the ABL Obligations that may be outstanding at any
time or from time to time may be increased (subject to any limitations set forth in the ABL Credit Agreement) or reduced and subsequently
reborrowed, (c)&#8239;all cash collateral received by the ABL Agent may be applied, reversed, reapplied, credited, or reborrowed, in whole
or in part, to the ABL Obligations at any time and from time to time and (d)&#8239;the advance rates under the ABL Credit Agreement may
be reduced, and Reserves (as defined in the ABL Credit Agreement) may be imposed, under the terms of the ABL Credit Agreement, in each
case without altering or otherwise affecting the Lien priorities set forth in this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>ARTICLE&#8239;III</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Enforcement</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;3.01</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Exercise
of Remedies</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Until
the Discharge of Senior Obligations with respect to such Collateral has occurred, whether or not any Insolvency or Liquidation Proceeding
has been commenced, each Agent, for itself and on behalf of its Related Secured Parties, agrees that none of them will:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;enforce
or exercise, or seek to enforce or exercise, any rights or remedies with respect to any Senior Priority Collateral of any Secured Party
of the other Class&#8239;(including the exercise of any right of set-off, recoupment, or enforcement of any right under any lockbox agreement,
control agreement, landlord waiver or bailee&rsquo;s letter or similar agreement or arrangement) or institute any action or proceeding
with respect to such rights or remedies (including any action of foreclosure); provided that the parties hereto acknowledge and agree
that this Section&#8239;shall not in any way prohibit any Agent or any of its Related Secured Parties from (A)&#8239;commencing, or joining
in filing of a petition for commencement of, any involuntary Insolvency or Liquidation Proceeding of the type described in clause (a)&#8239;or
(b)&#8239;of the definition of such term or (B)&#8239;exercising any of its rights during an Insolvency or Liquidation Proceeding to the
extent expressly permitted by Article&#8239;VI;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;subject
to the proviso set forth in paragraph (a)(i)&#8239;of this Section, commence or join with any Person (other than the Senior Secured Parties
upon the request or with the consent thereof) in commencing, or file with any court documents that seek to commence, or petition for or
vote in favor of, any action or proceeding with respect to any rights or remedies with respect to any Senior Priority Collateral of any
Secured Party of the other Class&#8239;(including any foreclosure action or seeking or requesting relief from or modification of the automatic
stay or any other stay in any Insolvency or Liquidation Proceeding to enable the commencement and pursuit thereof);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;contest,
protest or object to any foreclosure proceeding or action brought by any Secured Party of the other Class&#8239;with respect to, or any
other enforcement or exercise by any Secured Party of such other Class&#8239;of any rights and remedies relating to, any Senior Priority
Collateral of such Secured Party, whether under the Credit Documents of such other Class&#8239;or otherwise and including any Disposition
of any such Senior Priority Collateral, whether by foreclosure or otherwise; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iv)&#8239;&#8239;&#8239;&#8239;contest,
protest or object to the forbearance by any Secured Party of the other Class&#8239;from bringing or pursuing any foreclosure proceeding
or action with respect to, or any other enforcement or exercise by any Secured Party of such other Class&#8239;of any rights or remedies
relating to, any Senior Priority Collateral of such Secured Party;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>provided</U> that, in each case under this Section, the Junior Liens
on such Collateral shall attach to all Proceeds of such Collateral resulting from actions taken by any Senior Secured Party in accordance
with this Agreement, subject to the relative Lien priorities set forth in Section&#8239;2.01.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Subject
to the terms and conditions of this Agreement (including paragraph (a)(i)&#8239;of this Section), until the Discharge of Senior Obligations
with respect to such Collateral has occurred, whether or not any Insolvency or Liquidation Proceeding has been commenced, the Senior Secured
Parties in respect of such Collateral shall have the exclusive right to enforce and exercise rights and remedies (including the exercise
of any right of set-off, recoupment, any right under any lockbox agreement, control agreement, landlord waiver or bailee&rsquo;s letter
or similar agreement or arrangement and the right to credit bid their debt) with respect to any of their Senior Priority Collateral and,
in the course of such exercise, make related determinations regarding the release, Disposition or restrictions with respect to any such
Collateral, without any consultation with or the consent of any Junior Secured Party; <U>provided</U> that the Junior Liens on such Collateral
shall remain on the remaining Proceeds of such Collateral so released or Disposed of, subject to the relative Lien priorities set forth
in Section&#8239;2.01. In exercising rights and remedies with respect to any of its Senior Priority Collateral, each Senior Secured Party
may enforce the provisions of the applicable Senior Documents and exercise remedies thereunder, all in such order and in such manner as
it may determine in its sole discretion. Such exercise and enforcement shall include the right of any agent appointed by any Senior Secured
Party to sell or otherwise Dispose of such Collateral upon foreclosure, to incur expenses in connection with such sale or other Disposition
and to exercise all the rights and remedies of a secured creditor under the UCC and of a secured creditor under the Bankruptcy Laws of
any applicable jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Notwithstanding
the foregoing provisions of this Section, the Secured Parties of any Class&#8239;may:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;file
a claim, proof of claim, or statement of interest with respect to Obligations of such Class&#8239;in any Insolvency or Liquidation Proceeding;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;take
any action in order to create, perfect, preserve, protect or prove (but not enforce) their Junior Liens on any Collateral, <U>provided</U>
that no such action is, or could reasonably be expected to be, (A)&#8239;adverse to the priority status of any Senior Liens on such Collateral
or the rights of any Senior Secured Party to exercise remedies in respect thereof or (B)&#8239;otherwise inconsistent with the terms of
this Agreement, including the automatic release of Junior Liens provided in Section&#8239;5.01;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;file
any responsive or defensive pleadings in opposition to any motion, claim, adversary proceeding or other pleading made by any Person objecting
to or otherwise seeking the disallowance of the claims of any Secured Party of such Class, including any claims secured by Junior Priority
Collateral thereof, or the avoidance of any Liens on the Collateral securing Obligations of such Class, in each case, to the extent not
inconsistent with the terms of this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iv)&#8239;&#8239;&#8239;&#8239;exercise
their rights and remedies as unsecured creditors to the extent (and only to the extent) provided in paragraph (e)&#8239;of this Section,
including filing any pleadings, objections, motions or agreements which assert rights or interests available to unsecured creditors of
the Grantors arising under any Insolvency or Liquidation Proceeding, in accordance with applicable law (including the Bankruptcy Laws
of any applicable jurisdiction), in each case, to the extent not inconsistent with or prohibited by the terms of this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(v)&#8239;&#8239;&#8239;&#8239;&#8239;vote
on any plan of reorganization or similar dispositive restructuring plan (including to accept or reject any plan of partial or complete
liquidation, reorganization, arrangement, composition or extension) and make other filings and make any arguments and motions, in each
case, to the extent not inconsistent with or prohibited by the terms of this Agreement; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(vi)&#8239;&#8239;&#8239;&#8239;join
(but not exercise any control with respect to) any judicial foreclosure proceeding or other judicial lien enforcement proceeding with
respect to any Collateral initiated by any Senior Secured Party with respect thereto, to the extent that any such action could not reasonably
be expected to restrain, hinder, limit, delay for any significant period or otherwise interfere with the exercise of rights or remedies
with respect to such Collateral by the Senior Secured Parties (it being understood that no Junior Secured Party shall be entitled to receive
any Proceeds thereof unless otherwise expressly permitted hereby).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Each Agent, for itself and on behalf of its Related Secured Parties,
agrees that to the extent it shall receive any Senior Priority Collateral of any Secured Party of the other Class&#8239;or any Proceeds
of any such Collateral in connection with the enforcement or exercise of any right or remedy (including any right of set-off) with respect
to such Collateral in its capacity as a creditor, or in connection with any insurance policy relating to any such Collateral or any Condemnation
Proceeds relating to any such Collateral, it shall hold such Collateral in a manner that is consistent with, or otherwise required by,
the terms of this Agreement (including Section&#8239;4.02 hereof). Without limiting the generality of the foregoing, until the Discharge
of Senior Obligations with respect to such Collateral has occurred, except as expressly provided in this paragraphs (a)&#8239;and (c)&#8239;of
this Section&#8239;(but subject to Section&#8239;4.02) and Sections 5.06, 5.07, 5.08, and 6.03, the sole right of the Secured Parties of
any Class&#8239;with respect to any of the Senior Priority Collateral of the Secured Parties of the other Class&#8239;is to hold a Junior
Lien on such Collateral and to receive a share of the Proceeds thereof, if any, after such Discharge of Senior Obligations has occurred.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Subject
to paragraphs (a)&#8239;and (c)&#8239;of this Section&#8239;and Sections 5.06, 5.07, 5.08, and 6.03, each Agent, for itself and on behalf
of its Related Secured Parties:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;agrees
that neither such Agent nor any of its Related Secured Parties will take any action that (A)&#8239;could reasonably be expected to restrain,
hinder, limit, delay or otherwise interfere with (1)&#8239;any enforcement or exercise of remedies with respect to any Senior Priority
Collateral of any Secured Party of the other Class, including any Disposition of such Senior Priority Collateral, whether by foreclosure
or otherwise, or (2)&#8239;the realization by any Secured Party of the other Class&#8239;of the full value of any of its Senior Priority
Collateral or (B)&#8239;otherwise would be prohibited hereunder, including any Disposition of any such Collateral, whether by foreclosure
or otherwise;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;waives
any and all rights such Agent or any of its Related Secured Parties may have as junior lien creditors or otherwise to object to the manner
in which any Secured Party of the other Class&#8239;seeks to enforce or collect any Obligations of such other Class&#8239;or to enforce
or realize on its Senior Liens on any Collateral undertaken in accordance with this Agreement, regardless of whether any action or failure
to act by or on behalf of any Secured Party of such other Class&#8239;is adverse to the interests of such Agent or any of its Related Secured
Parties; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iii)&#8239;&#8239;&#8239;&#8239;acknowledges
and agrees that no covenant, agreement or restriction contained in any Collateral Document or other Credit Document of any Class&#8239;shall
be deemed to restrict in any way the rights and remedies of any Secured Party of the other Class&#8239;with respect to any Collateral subject
to its Senior Liens as set forth in this Agreement and the Credit Documents of such other Class.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Secured Parties of any Class&#8239;may, in accordance with the terms of the Documents of such Class&#8239;and applicable law, enforce rights
and exercise remedies against the Company and any other Grantor as unsecured creditors; <U>provided</U> that no such action is inconsistent
with or prohibited by the terms of this Agreement (including the limitations set forth in paragraphs (a)&#8239;and (d)&#8239;of this Section&#8239;and
in Article&#8239;VI); <U>provided further</U> that in the event any Secured Party becomes a judgment Lien creditor in respect of any Collateral
as a result of its enforcement of its rights as an unsecured creditor with respect to any of its Obligations, such judgment Lien shall
be subject to the terms of this Agreement, including the relative Lien priorities set forth in Section&#8239;2.01.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Nothing
in this Agreement shall prohibit the receipt by any Secured Party of any Class&#8239;of the required or permitted payments of interest,
principal and other amounts owed in respect of Obligations of such Class&#8239;so long as such receipt is not the direct or indirect result
of the enforcement or exercise by any Secured Party of such Class&#8239;of rights or remedies (including the right of set-off) against,
or otherwise holding a Junior Lien on, the Senior Priority Collateral of any Secured Party of the other Class&#8239;or enforcement in contravention
of this Agreement of any Junior Lien on any such Collateral (it being agreed that any such enforcement or exercise permitted by this Agreement
shall be subject to Section&#8239;4.02). Nothing in this Agreement shall be construed to impair or otherwise adversely affect any rights
or remedies any Secured Party of any Class&#8239;may have with respect to any Collateral subject to its Senior Liens.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;3.02</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Lockbox
System</U>. Each Term Agent, for itself and on behalf of its Related Secured Parties, acknowledges that, under the terms of the ABL Documents,
Grantors are or may be required to ensure that all payments on Accounts constituting ABL Priority Collateral, or on other ABL Priority
Collateral, are made to Deposit Accounts or lockboxes related thereto that constitute ABL Priority Collateral, and agrees that, notwithstanding
anything to the contrary set forth herein, no ABL Secured Party shall have any duty, responsibility or obligation to any Term Secured
Party with respect to such Deposit Accounts or lockboxes, including no obligation to pay over to any Term Secured Party any payments received
into any such Deposit Account or lockbox at any time. Each Term Agent, for itself and on behalf of its Related Secured Parties, agrees
that to the extent that Proceeds of any Term Priority Collateral are deposited into any Deposit Accounts or lockboxes and are subsequently
applied to repay or prepay the ABL Obligations, in the absence of the ABL Agent&rsquo;s willful misconduct or gross negligence (such absence
to be presumed unless otherwise determined by a final, non-appealable judgment of a court of competent jurisdiction), the sole remedy
of the Term Secured Parties with regard to such Proceeds shall be to proceed directly against the Grantors unless, prior to the time such
proceeds are applied to repay or prepay the ABL Obligations, the ABL Agent has actually received a Notification of Proceeds. For purposes
of the foregoing, a &ldquo;<U>Notification of Proceeds</U>&rdquo; means a notice in writing from any Term Agent or any Grantor to the
ABL Agent containing the following information: (a)&#8239;the Term Priority Collateral being sold or otherwise Disposed; (b)&#8239;the proposed
date of the sale or other Disposition; (c)&#8239;the approximate amount of Proceeds therefrom; and (d)&#8239;the name and contact information
of the buyer or transferee of such Term Priority Collateral or, in the case of an auction, of the auctioneer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>ARTICLE&#8239;IV</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Payments</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;4.01</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Application
of Proceeds</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Agent, for itself and on behalf of its Related Secured Parties, hereby agrees that the ABL Priority Collateral or Proceeds thereof received
in connection with the sale or other Disposition of, or collection on, such ABL Priority Collateral upon the enforcement or exercise or
any right or remedy (including any right of set-off) shall be applied:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>first</U>,
to the payment of the ABL Obligations in accordance with the ABL Documents,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>second</U>,
to the payment of the Term Obligations in accordance with the Term Documents, and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;<U>third</U>,
the balance, if any, to the Grantors or to whomsoever may be lawfully entitled to receive the same or as a court of competent jurisdiction
may direct.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Agent, for itself and on behalf of its Related Secured Parties, hereby agrees that the Term Priority Collateral or Proceeds thereof received
in connection with the sale or other Disposition of, or collection on, such Term Priority Collateral upon the enforcement or exercise
or any right or remedy (including any right of set-off) shall be applied:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>first</U>,
to the payment of the Term Obligations in accordance with the Term Documents,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>second</U>,
to the payment of the ABL Obligations in accordance with the ABL Documents, and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;<U>third</U>,
the balance, if any, to the Grantors or to whomsoever may be lawfully entitled to receive the same or as a court of competent jurisdiction
may direct.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;4.02</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Payments
Over</U>. So long as the Discharge of Senior Obligations with respect to any Collateral has not occurred, whether or not any Insolvency
or Liquidation Proceeding has been commenced, if (a)&#8239;any Junior Secured Party receives any Junior Priority Collateral subject to
any Senior Lien of a Senior Secured Party or any Proceeds of any such Collateral, or any other payment in connection with or on account
of such Collateral, (i)&#8239;in connection with the enforcement or exercise of any right or remedy (including any right of set-off) relating
to such Collateral, the transfer of such Collateral or Proceeds to any Junior Secured Party by any Person holding a Lien on such Collateral
that is subordinate to the Junior Lien on such Collateral, or any insurance policy claim or any Condemnation Proceeds in respect of such
Collateral or (ii)&#8239;as a distribution or recovery in any Insolvency or Liquidation Proceeding, (b)&#8239;any Junior Secured Party receives,
in contravention of Section&#8239;2.03, any Collateral of the type that would constitute Junior Priority Collateral of such Junior Secured
Party, or any Proceeds of any such Collateral, or any other payment in connection with or on account of such Collateral, or (c)&#8239;any
Junior Secured Party receives any additional or replacement Collateral referred to in Section&#8239;6.03(b)(ii)&#8239;that pursuant to such
Section&#8239;is subject to the provisions of this Section&#8239;4.02, or any Proceeds of such additional or replacement Collateral, or
any other payment in connection with or on account of such additional or replacement Collateral, then, in each case, such Collateral or
Proceeds thereof, or such other payment, shall be segregated and held in trust and forthwith transferred or paid over to the Senior Collateral
Agent (which with respect to any Term Priority Collateral shall be the Controlling Term Agent) for the benefit of the Senior Secured Parties
in the same form as received, with any necessary endorsements, or as a court of competent jurisdiction may otherwise direct. Until the
Discharge of Senior Obligations occurs, each Junior Agent, for itself and on behalf of its Related Secured Parties, hereby appoints each
Senior Agent, and any officer or agent of each Senior Agent, with full power of substitution, as its true and lawful attorney-in-fact
with full power and authority in the name, place and stead of each such Junior Secured Party or in such Senior Agent&rsquo;s own name,
from time to time in such Senior Agent&rsquo;s discretion, for the purpose of carrying out the terms of this Section, to take any and
all action or to execute and any all documents and instruments that may be necessary or appropriate to accomplish the purposes of this
Section, including any endorsements or other instruments of transfer (which appointment is irrevocable and coupled with an interest).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;4.03</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Delivery
of Collateral and Proceeds</U>. Upon the Discharge of Obligations of any Class, the Agent of such Class&#8239;shall, except as may otherwise
be required by applicable law or any order of any court or other Governmental Authority, deliver, at the expense of the Grantors, to the
Agent of the other Class&#8239;(which in the case of Term Obligations, shall be the Controlling Term Agent), without representation or
recourse, any Collateral (including any Pledged or Controlled Collateral) held by the Agent of such Class&#8239;at such time in the same
form as received, with any necessary endorsements (so as, in respect of any such Pledged or Controlled Collateral, to allow the Agent
of such other Class&#8239;to obtain possession or control thereof), to be applied by such Agent of such other Class&#8239;(which in the
case of Term Obligations, shall be the Controlling Term Agent) to the Obligations of such other Class&#8239;in the order specified in the
Credit Documents of such other Class.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>ARTICLE&#8239;V</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Other Agreements</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;5.01</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Releases</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Junior Liens on any Senior Priority Collateral shall be automatically, unconditionally and simultaneously released if:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;in
connection with the enforcement or exercise of its rights or remedies in respect of such Collateral, any Senior Agent, for itself and
on behalf of its Related Secured Parties, releases its Senior Liens on any part of such Collateral; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;in
connection with any Disposition permitted under the terms of both the ABL Documents and the Term Documents, the Senior Agent (which in
the case of Term Obligations, shall be the Controlling Term Agent), for itself and on behalf of its Related Secured Parties, releases
any of its Senior Liens on any part of such Collateral, other than following the Discharge of Senior Obligations represented by such Senior
Agent;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>provided</U> that, in each case, the Junior Liens on such Collateral
shall attach to all Proceeds of such Collateral in accordance with this Agreement, subject to the relative Lien priorities set forth in
Section&#8239;2.01.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Junior Agent with respect to any Senior Priority Collateral, for itself or on behalf of its Related Secured Parties, promptly shall (at
the Grantors&rsquo; expense) execute and deliver to each Senior Agent such documents and instruments as such Senior Agent may reasonably
request to accomplish the purposes of this Section, including any endorsements or other instruments of transfer or release.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Until
the Discharge of Obligations of the other Class&#8239;has occurred, each Agent, for itself and on behalf of its Related Secured Parties,
hereby irrevocably constitutes and appoints each Agent of the other Class&#8239;and any officer or agent of such Agent, with full power
of substitution, as its true and lawful attorney-in-fact with full power and authority in the name, place and stead of such Agent or its
Related Secured Parties or in such other Agent&rsquo;s own name, from time to time in such other Agent&rsquo;s discretion, for the purpose
of carrying out the terms of this Section, to take any and all action and to execute any and all documents and instruments that may be
necessary or appropriate to accomplish the purposes of this Section, including any endorsements or other instruments of transfer or release
(which appointment is irrevocable and coupled with an interest).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Until
the Discharge of Senior Obligations in respect of such Collateral has occurred, to the extent that any Senior Agent or the Senior Secured
Parties released any Senior Lien on any Collateral and any such Lien is later reinstated, then each Junior Agent, for itself and for its
Related Secured Parties, shall have a Lien on such Collateral, subject to the relative Lien priorities set forth in Section&#8239;2.01.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;5.02</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Insurance</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Until
the Discharge of Term Obligations has occurred, and subject to the rights of the Grantors under the Term Documents, the Term Secured Parties
shall have the exclusive right to adjust settlement under any insurance policy in respect of any Casualty to, or to approve any Condemnation
Proceeds in respect of, any Term Priority Collateral, and all Proceeds on account thereof shall be paid to the Term Agents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Until
the Discharge of ABL Obligations has occurred, and subject to the rights of the Grantors under the ABL Documents, the ABL Secured Parties
shall have the exclusive right to adjust settlement under any insurance policy in respect of any Casualty to, or to approve any Condemnation
Proceeds in respect of, any ABL Priority Collateral, and all Proceeds on account of ABL Priority Collateral shall be paid to the ABL Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Until
the Discharge of ABL Obligations has occurred, subject to the rights of the Grantors under the ABL Documents, the ABL Secured Parties
shall have the exclusive right to adjust settlement in respect of all business interruption insurance, and all Proceeds on account thereof
shall be paid to the ABL Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Any
insurance Proceeds and Condemnation Proceeds received by the Agent of any Class&#8239;in accordance herewith shall, subject to the rights
of the Grantors under the Credit Documents of such Class, be held or applied by it in accordance with such Credit Documents; <U>provided</U>
that following the acceleration of the Obligations of such Class&#8239;under such Credit Documents, all such amounts shall be promptly
applied to such Obligations to the extent permitted under applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Until
the Discharge of Obligations of the other Class&#8239;has occurred, if any Secured Party of any Class&#8239;shall, at any time, receive
any insurance Proceeds (including Proceeds of the business interruption insurance) or Condemnation Proceeds in contravention of this Agreement,
it shall segregate and hold in trust and forthwith pay over such insurance Proceeds or Condemnation Proceeds over to the Agent of the
other Class&#8239;in accordance with the terms of Section&#8239;4.02.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Agent, for itself and on behalf of its Related Secured Parties, agrees to cooperate with the Agents and Secured Parties of the other Class&#8239;in
connection with any Condemnation or Casualty for the purpose of carrying out the terms of this Section. In furtherance of the foregoing,
each Agent agrees promptly to execute and deliver to applicable Agent of the other Class&#8239;such acknowledgements, releases, consents,
endorsements and other documents as such Agent of such other Class&#8239;may reasonably request to accomplish the purposes of this Section&#8239;(including
any such request made at the request of any insurer). In the event of a conflict between the provisions of this Section&#8239;and any other
provision hereof, the provisions of this Section&#8239;shall control.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;5.03</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Certain
Provisions Regarding Credit Documents</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
ABL Agent, for itself and on behalf of the other ABL Secured Parties, acknowledges and agrees that the Term Documents may be Amended,
and Indebtedness thereunder may be Refinanced, without the consent of any ABL Secured Party, and each Term Agent, for itself and on behalf
of its other Related Secured Parties, acknowledges and agrees that the ABL Documents may be Amended, and Indebtedness thereunder may be
Refinanced, without the consent of any Term Secured Party, provided that no such Amendment of any Credit Document shall affect or otherwise
contravene the lien subordination or other provisions of this Agreement. Nothing in this paragraph shall affect any covenant of any Grantor
under the Credit Documents of any Class&#8239;that restricts the ability of such Grantor to Amend any Credit Document of the other Class&#8239;or
to effect a Refinancing of any Indebtedness thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;In
the event any Indebtedness under the Credit Documents of any Class&#8239;is Refinanced, the holders of such Refinancing Indebtedness shall
bind themselves in a writing addressed to the Agent of the other Class, for the benefit of the Secured Parties of such other Class, to
the terms of this Agreement, including Section&#8239;5.05.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Agent of each Class&#8239;agrees that each Collateral Document (except Collateral Documents applicable solely to Foreign Collateral) of
such Class&#8239;executed by it shall include the following language (or language to similar effect approved by the Agent of the other
Class&#8239;(which in the case of the Term Obligations shall be the Controlling Term Agent)):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&ldquo;Notwithstanding anything herein to the contrary, the
lien and security interest granted pursuant to this Agreement and the exercise of any right or remedy hereunder are subject to the provisions
of the Intercreditor Agreement dated as of <FONT STYLE="color: red"><STRIKE>September&#8239;26, 2019</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>[&#9679;],
20[&#9679;]</U></FONT> (as amended, restated, supplemented or otherwise modified from time to time, the &ldquo;<U>Intercreditor Agreement</U>&rdquo;),
between JPMorgan Chase Bank, N.A., in its capacity as administrative agent for, and acting on behalf of, the ABL Secured Parties identified
therein, and <FONT STYLE="color: red"><STRIKE>JPMorgan Chase Bank, N.A.</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>[&#9679;]</U></FONT>,
in its capacity as administrative agent for, and acting on behalf of, the Term Loan Secured Parties identified therein. In the event of
any conflict between the terms of the Intercreditor Agreement and this Agreement, the terms of the Intercreditor Agreement shall govern
and control.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;5.04</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Bailee
for Perfection</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Agent agrees to hold that part of the Collateral that is in its possession or control, or in the possession or control of its agents or
bailees (such Collateral being called the &ldquo;<U>Pledged or Controlled Collateral</U>&rdquo;), as collateral agent for its Related
Secured Parties and as gratuitous bailee for the Agent and Secured Parties of the other Class&#8239;(such bailment being intended, among
other things, to satisfy the requirements of Sections 8-106(d)(3), 8-301(a)(2)&#8239;and 9-313(c)&#8239;of the UCC) solely for the purpose
of perfecting the security interest granted under the Credit Documents of such other Class, subject to the terms and conditions of this
Section.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;No
Agent shall have any obligation whatsoever to its Related Secured Parties or to any Secured Party of the other Class&#8239;to ensure that
the Pledged or Controlled Collateral is genuine or owned by any of the Grantors or to preserve rights or benefits of any Person. The duties
or responsibilities of any Agent to any Secured Party of the other Class&#8239;under this Section&#8239;shall be limited solely to holding
the Pledged or Controlled Collateral in its possession or under its control as gratuitous bailee in accordance with this Section&#8239;and
delivering such Pledged or Controlled Collateral upon the Discharge of Obligations of the applicable Class&#8239;as provided in Section&#8239;4.03.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;No
Agent acting pursuant to this Section&#8239;shall have by reason of any Credit Document, this Agreement or any other document or agreement
a fiduciary relationship in respect any Secured Party or any liability to any Secured Party, and each Secured Party hereby waives and
releases each Agent from all claims and liabilities arising pursuant to any Agent&rsquo;s role under this Section&#8239;5.04 as gratuitous
bailee with respect to the Pledged or Controlled Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<!-- Field: Split-Segment; Name: 12 -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Subject
to the terms of this Agreement, so long as the Discharge of Obligations of the applicable Class&#8239;has not occurred, each Agent shall
be entitled to deal with the Pledged or Controlled Collateral in accordance with the terms of this Agreement and the Credit Documents
of the applicable Class. Upon the Discharge of such Obligations, such Agent shall, at the expense of the Grantors, take such other actions
as are reasonably requested by the other Agent in connection with such other Agent obtaining a first-priority interest in, or possession
or control of, such Pledged or Controlled Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;5.05</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>When
Discharge of Obligations Deemed Not to Have Occurred</U>. If any Grantor shall enter into any Refinancing of Obligations of any Class&#8239;that
is permitted by the Credit Documents of the other Class, where obligations under such Refinancing are secured by Liens on Collateral subject
to Senior Liens securing such Refinanced Obligations, then a Discharge of Obligations of such Class&#8239;shall be deemed not to have occurred
for all purposes of this Agreement and, from and after the date on which the Notice of New Obligations is delivered to the Agent of the
other Class&#8239;in accordance with the next sentence, (a)&#8239;the obligations under such Refinancing of Obligations of any Class&#8239;shall
automatically be treated as Obligations of such Class&#8239;(to the same extent as the Refinanced Obligations), (b)&#8239;the Liens securing
such Refinancing of Obligations of any Class&#8239;shall be treated as Senior Liens (to the same extent as the corresponding Liens securing
the Refinanced Obligations) for all purposes of this Agreement, including for purposes of the Lien priorities and rights in respect of
Collateral set forth herein, and (c)&#8239;the collateral agent for such Refinancing of Obligations of any Class&#8239;(the &ldquo;<U>New
Agent</U>&rdquo;) shall be the Agent of such Class&#8239;(and, where applicable, a Senior Agent) for all purposes of this Agreement (to
the same extent as the Agent for the Refinanced Obligations). Upon receipt of a notice (the &ldquo;<U>Notice of New Obligations</U>&rdquo;)
stating that any Grantor has Refinanced any Obligations of any Class&#8239;as provided above (which notice shall include the identity of
the New Agent), the original Agents shall promptly enter into such documents and agreements (including Amendments to this Agreement) as
the Company or such New Agent shall reasonably request in order to provide to such New Agent the rights contemplated hereby, in each case
consistent in all material respects with the terms of this Agreement. The New Agent shall agree in a writing addressed to the remaining
original Agent, for the benefit of its Related Secured Parties, to be bound by the terms of this Agreement. The provisions of this Section&#8239;are
intended to ensure that (i)&#8239;the Liens on any Collateral securing any Refinancing of any Obligations of any Class&#8239;will have the
same priorities relative to the Liens on such Collateral securing Obligations of the other Class&#8239;as the Liens that secured such Refinanced
Obligations prior to such Refinancing and (ii)&#8239;the parties benefited by the Liens on any Collateral securing any Refinancing of any
Obligations of any Class&#8239;will have the same rights and obligations relative to the parties holding Liens on such Collateral securing
Obligations of the other Class&#8239;as the parties that were benefited by the Liens that secured such Refinanced Obligations, and such
provisions shall be construed accordingly.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;5.06</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Sharing
of Information; Rights of Access and Use</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Subject
to confidentiality limitations imposed by law, contract or otherwise, each Agent agrees, for itself and on behalf of its Related Secured
Parties, that if any of them obtains actual possession of any books and records of any Grantor (whether such books and records are in
the form of a writing or stored in electronic form), then, upon request of the Agent of the other Class&#8239;and reasonable prior notice,
such Agent or such Related Secured Party in possession thereof will permit the requesting Agent, or its designated representatives and
agents, to examine such books and records if and to the extent the requesting Agent delivers to such Agent or such Related Secured Party
a certificate of its duly authorized officer to the effect that (i)&#8239;such books and records contain, or are reasonably expected to
contain, information that, in the good faith opinion of the requesting Agent, is necessary or useful to the exercise of rights and remedies
with respect to the Senior Liens of the requesting Agent and (ii)&#8239;the requesting Agent is entitled to receive and use such information
as against the applicable Grantor or its suppliers, customers and contracts and under applicable law, and, in doing so, will comply, and
will cause its Affiliates to comply, with all obligations imposed by law, contract or otherwise in respect of the disclosure or use of
such information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Term Agent, for itself and on behalf of its other Related Secured Parties, agrees that if the ABL Agent takes any enforcement action with
respect to the ABL Priority Collateral, each Term Agent and its other Related Secured Parties (i)&#8239;shall cooperate with the ABL Agent
(at the sole cost and expense of the ABL Agent and the ABL Secured Parties and subject to the condition that the Term Secured Parties
shall have no obligation or duty to take any action or refrain from taking any action that, in the judgment of such Term Agent, could
reasonably be expected to result in the incurrence of any liability, loss or damage to the Term Agents or the other Term Secured Parties)
in its efforts to enforce its security interest in the ABL Priority Collateral and to assemble and sell the ABL Priority Collateral, (ii)&#8239;shall
not take any action designed or intended to hinder or restrict in any respect the ABL Agent from enforcing its security interest in the
ABL Priority Collateral or selling or assembling the ABL Priority Collateral and (iii)&#8239;in the event that any Term Agent or any other
Term Secured Party shall acquire control or possession of any of the Term Priority Collateral, shall permit the ABL Agent, or its designated
representatives or agents, upon reasonable advance notice, to use the Term Priority Collateral (including <FONT STYLE="color: red"><STRIKE>(x)&#8239;</STRIKE></FONT>equipment,
processors, computers and other machinery related to the storage or processing of records, documents or files <FONT STYLE="color: red"><STRIKE>and
(y)&#8239;Intellectual Property</STRIKE></FONT>), for a period not to exceed 180 days, for purposes of (A)&#8239;assembling the ABL Priority
Collateral, (B)&#8239;selling (by public auction, private sale or a &ldquo;store closing,&rdquo; &ldquo;going out of business&rdquo; or
similar sale, whether in bulk, in lots or to customers in the ordinary course of business or otherwise and which sale may include augmented
Inventory of the same type sold in the Grantors&rsquo; business) any or all of the ABL Priority Collateral (including any ABL Priority
Collateral located on any real property constituting Term Priority Collateral) in the ordinary course of business or otherwise, (C)&#8239;removing
any or all of the ABL Priority Collateral located in or on any real property constituting Term Priority Collateral or (D)&#8239;taking
reasonable actions to protect, secure and otherwise enforce the rights of the ABL Agent and the other ABL Secured Parties in and to the
ABL Priority Collateral; <U>provided</U> that nothing contained in this paragraph shall restrict the rights of any Term Debt Agent or
the other Term Secured Parties from selling or otherwise Disposing of any Term Priority Collateral prior to the expiration of such 180-day
period if the purchaser, assignee or transferee thereof agrees to be bound by the provisions of this paragraph. If any stay or other order
prohibiting the enforcement or exercise of rights or remedies with respect to the ABL Priority Collateral has been entered by a court
of competent jurisdiction, such 180-day period shall be tolled during the pendency of any such stay or other order. The rights of the
ABL Agent, and its designated representatives and agents, set forth in clause (iii)&#8239;above as to the Term Priority Collateral shall
be irrevocable and <FONT STYLE="color: red"><STRIKE>royalty and </STRIKE></FONT>rent free and shall continue at the ABL Agent&rsquo;s
option for a period of up to 180 days as to any such Term Priority Collateral, beginning upon the earlier of (1)&#8239;the date that is
five days after the date on which any Term Debt Agent has notified the ABL Agent that such Term Debt Agent has acquired possession or
control of such Term Priority Collateral and (2)&#8239;the date the ABL Agent provides such Term Debt Agent with written notice that it
intends to exercise its rights under such clause with respect to such Term Priority Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;During
the period of actual use or control by the ABL Agent, or its designated representatives or agents, of any Term Priority Collateral, the
ABL Secured Parties shall be (i)&#8239;responsible for the ordinary course third party expenses related thereto, including costs with respect
to heat, light, electricity and water with respect to that portion of any premises so used or controlled, or that arise as a result of
such use or control, <U>provided</U> that the ABL Secured Parties shall not be obligated to pay any fee to the Term Secured Parties (or
any Person claiming by, through or under the Term Secured Parties, including any purchaser of any Term Priority Collateral) or to any
Grantor, for or in respect of the use by the ABL Agent, or its designated representatives or agents, of any Term Priority Collateral,
and (ii)&#8239;be obligated to repair at their expense any physical damage to such Term Priority Collateral resulting from such use or
control, and to leave such Term Priority Collateral in substantially the same condition as it was at the commencement of such use or control,
ordinary wear and tear excepted. In addition, the ABL Agent shall indemnify and hold harmless each Term Agent, and its officers, directors,
employees and agents, from any liability, cost, expense, loss or damages, including reasonable and documented out-of-pocket legal fees
and expenses, arising from any claim by a third party against such Term Agent to the extent such liability, cost, expense, loss or damages
are found in a final, non-appealable judgment of a court of competent jurisdiction to have resulted from the gross negligence or willful
misconduct of the ABL Agent, or its designated agents or representatives, pursuant to the exercise of its rights of access and use under
paragraph (b)&#8239;of this Section, to the extent not covered by insurance. Notwithstanding the foregoing, in no event shall the ABL Agent
or the other ABL Secured Parties have any liability to any Term Agent or the other Term Secured Parties pursuant to this paragraph as
a result of the condition of any Term Priority Collateral existing prior to the date of the exercise by the ABL Agent of its rights under
paragraph (b)&#8239;of this Section, and the ABL Agent and the other ABL Secured Parties shall have no duty or liability to maintain the
Term Priority Collateral in a condition or manner better than that in which it was maintained prior to the use or control thereof by the
ABL Agent, or its designated representatives or agents, or for any diminution in the value of the Term Priority Collateral that results
solely from ordinary wear and tear resulting from the use or control of the Term Priority Collateral by the ABL Agent, or its designated
representatives or agents, in the manner and for the time periods specified under this Section. Without limiting the rights granted under
this Section, the ABL Agent, for itself and on behalf of the other ABL Secured Parties, agrees to cooperate with each Term Debt Agent
(at the sole cost and expense of such Term Debt Agent and the other Term Secured Parties and subject to the condition that the ABL Secured
Parties shall have no obligation or duty to take any action or refrain from taking any action that, in the judgment of such Term Debt
Agent, could reasonably be expected to result in the incurrence of any liability, loss or damage to the ABL Agent or the ABL Secured Parties)
in connection with any efforts made by such Term Debt Agent to sell the Term Priority Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Neither
the Agent nor any other Secured Party of any Class&#8239;shall have any responsibility or liability for the acts or omissions of the Agent
or any other Secured Party of the other Class&#8239;made or arising in connection with the use or occupancy by the Agent or any other Secured
Party of such other Class&#8239;of any of the Term Priority Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;5.07</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Consent
to License of Intellectual Property</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
<FONT STYLE="color: red"><STRIKE>Term</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>ABL</U></FONT> Agent,
for itself and on behalf of its other Related Secured Parties, (i)&#8239;acknowledges and consents to the grant to the <FONT STYLE="color: red"><STRIKE>ABL</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term</U></FONT>
Agent by the Grantors of a limited, nonexclusive royalty-free license relating to any Intellectual Property pursuant to the <FONT STYLE="color: red"><STRIKE>ABL</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term</U></FONT>
Security Agreement (an &ldquo;<U>Intellectual Property License</U>&rdquo;) and (ii)&#8239;agrees that the <FONT STYLE="color: red"><STRIKE>Term</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>ABL</U></FONT>
Liens on the Intellectual Property constituting Collateral shall be subject to the Intellectual Property License.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
<FONT STYLE="color: red"><STRIKE>Term</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>ABL</U></FONT> Agent,
for itself and on behalf of its other Related Secured Parties, agrees that if any <FONT STYLE="color: red"><STRIKE>Term</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>ABL</U></FONT>
Secured Party becomes the owner of any Intellectual Property as a result of the exercise of rights or remedies by such <FONT STYLE="color: red"><STRIKE>Term</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>ABL</U></FONT>
Secured Party with respect to its Senior Lien thereon, then, upon request of the <FONT STYLE="color: red"><STRIKE>ABL</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term</U></FONT>
Agent, such <FONT STYLE="color: red"><STRIKE>Term</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>ABL</U></FONT>
Secured Party shall promptly provide written confirmation of the grant to the <FONT STYLE="color: red"><STRIKE>ABL</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term</U></FONT>
Agent of, and does hereby irrevocably grant to the <FONT STYLE="color: red"><STRIKE>ABL</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term</U></FONT>
Agent, a limited, nonexclusive royalty-free license in the form substantially similar to the Intellectual Property License for purposes
of selling or otherwise foreclosing on <FONT STYLE="color: red"><STRIKE>ABL</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term</U></FONT>
Priority Collateral <FONT STYLE="color: red"><STRIKE>(including any enforcement action with respect to the Foreign Subsidiaries or the
Foreign Collateral pledged by the Foreign Subsidiaries) </STRIKE></FONT>(a &ldquo;<U>Successor Intellectual Property License</U>&rdquo;)
to use any such Intellectual Property, whether or not any Insolvency or Liquidation Proceeding has been commenced. Any license so granted
by any <FONT STYLE="color: red"><STRIKE>Term</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>ABL</U></FONT>
Secured Party shall be binding on its successors and assigns (including any purchaser at a foreclosure sale). No <FONT STYLE="color: red"><STRIKE>Term</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>ABL</U></FONT>
Secured Party shall make any sale or transfer of any such Intellectual Property unless the purchaser or transferee thereof agrees in writing
to provide a Successor Intellectual Property License to the <FONT STYLE="color: red"><STRIKE>ABL</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term</U></FONT>
Agent upon request. For the avoidance of doubt, the grant to the <FONT STYLE="color: red"><STRIKE>ABL</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>Term</U></FONT>
Agent of the license pursuant this Section&#8239;shall not be terminated or otherwise affected by the termination of any licensing agreement
relating to the license of any Intellectual Property by a Grantor to another Subsidiary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;5.08</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Permits
and Licenses</U>. Each Term Agent agrees that if the ABL Agent shall require rights available under any permit or license controlled by
such Term Agent in order to realize on any ABL Priority Collateral, such Term Agent shall take all such actions as shall be available
to it (at the sole cost and expense of the Grantors), consistent with applicable law, and as shall be reasonably requested by the ABL
Agent to make such rights available to the ABL Agent, subject to the Term Liens. The ABL Agent agrees that if such Term Agent shall require
rights available under any permit or license controlled by the ABL Agent in order to realize on any Term Priority Collateral, the ABL
Agent shall take all such actions as shall be available to it (at the sole cost and expense of the Grantors), consistent with applicable
law, and as shall be reasonably requested by the Term Agent to make such rights available to the Term Agent, subject to the ABL Liens.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>ARTICLE&#8239;VI</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Insolvency or Liquidation Proceedings</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;6.01</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Cash
Collateral and DIP Financing</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Until
the Discharge of ABL Obligations has occurred, if any Grantor shall be subject to any Insolvency or Liquidation Proceeding and the ABL
Agent shall desire to permit the use of &ldquo;Cash Collateral&rdquo; (as such term is defined in Section&#8239;363(a)&#8239;of the Bankruptcy
Code) (any such use being referred to as &ldquo;<U>Cash Collateral Usage</U>&rdquo;) that constitutes ABL Priority Collateral or to permit
any Grantor to obtain financing from any of the ABL Secured Parties or that is otherwise consented to by the ABL Agent, under Section&#8239;364
of the Bankruptcy Code or any similar Bankruptcy Law (any such financing being referred to as a &ldquo;<U>DIP Financing</U>&rdquo;) that
is to be secured at least in part by the ABL Priority Collateral, then each Term Agent, for itself and on behalf of its other Related
Secured Parties, agrees that none of them will raise any objection to such Cash Collateral Usage or such DIP Financing, insofar as its
rights and priority with respect to the ABL Priority Collateral are affected, provided that any Liens to be provided in connection with
such DIP Financing on the Term Priority Collateral shall not (without each Term Agent&rsquo;s prior written consent) be senior to or pari
passu with the Term Liens thereon. To the extent the ABL Liens on the ABL Priority Collateral are subordinate to or pari passu with the
Liens thereon securing any such DIP Financing meeting the foregoing requirements, each Term Agent, for itself and on behalf of its other
Related Secured Parties, shall subordinate, and hereby subordinates, to the same extent the ABL Liens on the ABL Priority Collateral are
subordinated to the Liens thereon securing such DIP Financing (and all obligations relating thereto), the Term Liens on the ABL Priority
Collateral to (i)&#8239;the Liens thereon securing such DIP Financing (but not to any Liens on the Term Priority Collateral securing such
DIP Financing), (ii)&#8239;any &ldquo;carve-out&rdquo; from the ABL Priority Collateral for professional and United States Trustee fees
agreed to by the ABL Agent, and (iii)&#8239;any adequate protection Liens on the ABL Priority Collateral granted to the ABL Secured Parties
in connection with such Cash Collateral Usage or DIP Financing, and agrees, for itself and on behalf of the other Term Secured Parties,
that neither the Term Agents nor any other Term Secured Party will request adequate protection or any other relief in connection with
its rights as a holder of Liens on the ABL Priority Collateral (except as expressly agreed by the ABL Agent or to the extent permitted
by Section&#8239;6.03(b)).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Until
the Discharge of Term Obligations has occurred, if any Grantor shall be subject to any Insolvency or Liquidation Proceeding and the Term
Agents shall desire to permit the use of Cash Collateral that constitutes Term Priority Collateral or to permit any Grantor to obtain
DIP Financing from any of the Term Secured Parties or that is otherwise consented to by the Term Agents, that is to be secured at least
in part by the Term Priority Collateral, then the ABL Agent, for itself and on behalf of its other Related Secured Parties, agrees that
none of them will raise any objection to such Cash Collateral Usage or such DIP Financing, insofar as its rights and priority with respect
to the Term Priority Collateral are affected, provided that any Liens to be provided in connection with such DIP Financing on the ABL
Priority Collateral shall not (without the ABL Agent&rsquo;s prior written consent) be senior to or pari passu with the ABL Liens thereon.
To the extent the Term Liens on the Term Priority Collateral are subordinate to or pari passu with the Liens thereon securing any such
DIP Financing meeting the foregoing requirements, the ABL Agent, for itself and on behalf of its other Related Secured Parties, shall
subordinate, and hereby subordinates, to the same extent the Term Liens on the Term Priority Collateral are subordinated to the Liens
thereon securing such DIP Financing (and all obligations relating thereto), the ABL Liens on the Term Priority Collateral to (i)&#8239;the
Liens thereon securing such DIP Financing (but not to any Liens on the ABL Priority Collateral securing such DIP Financing), (ii)&#8239;any
 &ldquo;carve-out&rdquo; from the Term Priority Collateral for professional and United States Trustee fees agreed to by the Term Agents,
and (iii)&#8239;any adequate protection Liens on the Term Priority Collateral granted to the Term Secured Parties in connection with such
Cash Collateral Usage or DIP Financing, and agrees, for itself and on behalf of the other ABL Secured Parties, that neither the ABL Agent
nor any other ABL Secured Party will request adequate protection or any other relief in connection with its rights as a holder of Liens
on the Term Priority Collateral (except as expressly agreed by the Term Agents or to the extent permitted by Section&#8239;6.03(b)).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;6.02</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Relief
from the Automatic Stay</U>. Until the Discharge of Senior Obligations with respect to any Collateral has occurred, no Junior Secured
Party with respect to such Junior Secured Party&rsquo;s Junior Priority Collateral shall seek, or join or otherwise support any other
Person in seeking, relief from or modification of the automatic stay or any other stay in any Insolvency or Liquidation Proceeding in
respect of such Collateral without the prior written consent of any Senior Agent with respect to such Collateral. No Junior Secured Party
shall oppose, or join or otherwise support any other Person opposing, any motion of any Senior Secured Party seeking relief from the automatic
stay or any other stay in any Insolvency or Liquidation Proceeding in respect of such Senior Secured Party&rsquo;s Senior Priority Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;6.03</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Adequate
Protection</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Agent, for itself and on behalf of its Related Secured Parties, agrees that none of them shall contest, or join or otherwise support any
other Person contesting, (i)&#8239;any request by the Agent or any other Secured Party of the other Class&#8239;for adequate protection
in any form with respect to its Senior Liens on any Collateral or (ii)&#8239;any objection by the Agent or any other Secured Party of the
other Class&#8239;to any motion, relief, action or proceeding based on the Agent or such other Secured Party of the other Class&#8239;claiming
a lack of adequate protection with respect to its Senior Liens on any Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Notwithstanding
paragraph (a)&#8239;of this Section, in any Insolvency or Liquidation Proceeding:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;if
the Agent or any other Secured Party of any Class&#8239;is granted adequate protection in the form of an Lien on additional or replacement
Collateral of a type that would constitute Senior Priority Collateral of the Agent and other Secured Parties of such Class, then (A)&#8239;the
Agent of the other Class, for itself and on behalf of its Related Secured Parties, may seek or request adequate protection in the form
of a Lien on such Collateral, which Lien will be junior and subordinate to the Liens thereon securing and granted as adequate protection
for the Senior Obligations and to any Liens provided in connection with any DIP Financing in the manner set forth in Section&#8239;6.01
hereof on the same basis as the other Liens on such Collateral securing the Junior Obligations are so junior and subordinate to the Liens
on such Collateral securing the Senior Obligations under this Agreement and (B)&#8239;subject to clause (ii)&#8239;below, the Agent of such
first Class, for itself and on behalf of its Related Secured Parties, agrees that none of them shall contest, or join or otherwise support
any other Person contesting, (1)&#8239;any request by the Agent of such other Class, for itself or on behalf of its Related Secured Parties,
for adequate protection pursuant to the preceding clause (A)&#8239;or (2)&#8239;any motion, relief, action or proceeding in support of a
request for adequate protection pursuant to the preceding clause (A); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;if
any Agent or any other Secured Party of any Class&#8239;is granted adequate protection in the form of a Lien on additional or replacement
collateral of a type that would constitute Junior Priority Collateral of the Agent and other Secured Parties of such Class, then the Agent
of such Class, for itself and on behalf of its Related Secured Parties, agrees that the Agent of the other Class&#8239;shall be entitled
to be granted adequate protection in the form of a Lien on such additional or replacement collateral for the Obligations of such other
Class&#8239;and that any Lien on such additional or replacement collateral securing or granted as adequate protection for the Junior Obligations
shall be junior and subordinate to the Lien on such collateral securing the Senior Obligations (and to any Liens provided in connection
with any DIP Financing in the manner set forth in Section&#8239;6.01 hereof) and to any other Liens thereon granted to the Senior Secured
Parties as adequate protection of its interest in such Senior Collateral on the same basis as the other Liens on such Collateral securing
the Junior Obligations are so junior and subordinate to the Liens on such Collateral securing the Senior Obligations under this Agreement;
<U>provided</U> that, to the extent the Agent of such other Class&#8239;is not granted such adequate protection in the applicable form,
any such additional collateral and any amounts recovered by or distributed to the Agent or any other Secured Party of such first Class&#8239;pursuant
to or as a result of any Lien on such additional or replacement collateral granted to or for the benefit of the Agent or any Secured Party
of such first Class&#8239;shall be subject to Section&#8239;4.02.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Except
as expressly set forth in Sections 6.01 and 6.07 and in paragraphs (a)&#8239;and (b)&#8239;of this Section, nothing herein shall limit (i)&#8239;the
rights of the Agent of any Class, or any of its Related Secured Parties, to seek adequate protection with respect to its or their rights
in the Collateral in any Insolvency or Liquidation Proceeding (including adequate protection in the form of a superpriority administrative
claim or cash payments, periodic cash payments or otherwise for Post-Petition Amounts provided that such payments come from the Proceeds
of such Class&rsquo;s Senior Priority Collateral and not from the proceeds of such Class&rsquo; Junior Priority Collateral) or (ii)&#8239;the
right of the Agent of the other Class, or any of its Related Secured Parties to object to such request for adequate protection (other
than any request for the payment of Post-Petition Amounts from the Proceeds of such other Class&rsquo;s Senior Priority Collateral).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;6.04</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>No
Waiver</U>. Subject to Sections 3.01(c), 3.01(e), and the other provisions of this Article&#8239;VI, nothing contained herein shall prohibit
or in any way limit any Senior Agent or any other Senior Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise
to any action taken by any Junior Agent or any other Junior Secured Party, including the seeking by any such Junior Agent or any other
Junior Secured Party of adequate protection or the asserting by any such Junior Agent or any other Junior Secured Party of any of its
rights and remedies under the applicable Junior Credit Documents or otherwise, in each case to the extent affecting such Senior Agent&rsquo;s
or such Senior Secured Parties&rsquo; rights in its Senior Priority Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;6.05</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Avoidance
Issues</U>. If any Secured Party is required in any Insolvency or Liquidation Proceeding or otherwise to turn over or otherwise pay to
the estate of any Grantor any amount paid in respect of its Senior Obligations (a &ldquo;<U>Recovery</U>&rdquo;), then such Secured Party
shall be entitled to a reinstatement of the applicable Senior Obligations with respect to all such recovered amounts. If this Agreement
shall have been terminated prior to such Recovery, this Agreement shall be reinstated in full force and effect, and such prior termination
shall not diminish, release, discharge, impair or otherwise affect the obligations of the parties hereto from such date of reinstatement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;6.06</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Post-Petition
Amounts</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Term Agent agrees, for itself and on behalf of its other Related Secured Parties, that none of them shall oppose or seek to challenge
any claim by the ABL Agent or any other ABL Secured Party for allowance in any Insolvency or Liquidation Proceeding of ABL Obligations
consisting or alleged to consist of Post-Petition Amounts to the extent of (i)&#8239;the value of the Senior Priority Collateral of the
ABL Agent and the other ABL Secured Parties, without regard to the existence of the Term Liens of the Term Agents or any other Term Secured
Party on such Collateral and (ii)&#8239;the value of the Junior Priority Collateral of the ABL Agent and the other ABL Secured Parties,
after taking into account the existence of the Term Liens of the Term Agents or any other Term Secured Party on such Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
ABL Agent agrees, for itself and on behalf of the other ABL Secured Parties, that none of them shall oppose or seek to challenge any claim
by any Term Agent or any other Term Secured Party for allowance in any Insolvency or Liquidation Proceeding of Term Obligations consisting
or alleged to consist of Post-Petition Amounts to the extent of (i)&#8239;the value of the Senior Priority Collateral of the Term Agents
and the other Term Secured Parties, without regard to the existence of the ABL Liens of the ABL Agent or any other ABL Secured Party on
such Collateral, and (ii)&#8239;the value of the Junior Priority Collateral of the Term Agents and the other Term Secured Parties, after
taking into account the existence of the ABL Liens of the ABL Agent or any other ABL Secured Party on such Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;6.07</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Asset
Dispositions</U>. Each Junior Agent, on behalf of itself and its Related Secured Parties, agrees that none of them will, in an Insolvency
or Liquidation Proceeding, oppose or object to, or join or otherwise support any other Person in opposing or objecting to, any Disposition
of any Senior Priority Collateral of any Grantor that is supported by any Senior Agent (and will not so oppose or object to any related
bidding procedures and other related matters supported by such Senior Agent), and each Junior Agent and its Related Secured Parties will
be deemed to have consented under Section&#8239;363 of the Bankruptcy Code (or any comparable provisions of any other Bankruptcy Law) to
any such Disposition of Senior Priority Collateral (and any such related bidding procedures and other related matters) supported by any
Senior Agent, provided that the Secured Parties&rsquo; respective Liens attach to the proceeds of such Disposition subject to the relative
Lien priority set forth in this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;6.08</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Waiver</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Until
the Discharge of the ABL Obligations has occurred, each Term Agent, for itself and on behalf of its other Related Secured Parties, agrees
that none of them (i)&#8239;will assert or enforce any claim under Section&#8239;506(c)&#8239;of the Bankruptcy Code (or any comparable provisions
of any other Bankruptcy Law) senior to or on a parity with the ABL Liens on any ABL Priority Collateral for costs or expenses of preserving
or disposing of any ABL Priority Collateral and (ii)&#8239;waives any claim it may now or hereafter have arising out of the election by
any ABL Secured Party of the application of Section&#8239;1111 (b)(2)&#8239;of the Bankruptcy Code (or any comparable provisions of any
other Bankruptcy Law) with respect to any ABL Priority Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Until
the Discharge of the Term Obligations has occurred, the ABL Agent, for itself and on behalf of its Related Secured Parties, agrees that
none of them (i)&#8239;will assert or enforce any claim under Section&#8239;506(c)&#8239;of the Bankruptcy Code (or any comparable provisions
of any other Bankruptcy Law) senior to or on a parity with the Term Liens on any Term Priority Collateral for costs or expenses of preserving
or disposing of any Term Priority Collateral and (ii)&#8239;waives any claim it may now or hereafter have arising out of the election by
any Term Secured Party of the application of Section&#8239;1111(b)(2)&#8239;of the Bankruptcy Code (or any comparable provisions of any
other Bankruptcy Law) with respect to any Term Priority Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;6.09</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Separate
Grants of Security and Separate Classification</U>. Each of the ABL Agent, for itself and on behalf of the other ABL Secured Parties,
and each Term Agent, for itself and on behalf of its other Related Secured Parties, acknowledges and agrees that (a)&#8239;the grants of
Liens pursuant to the ABL Collateral Documents and the Term Collateral Documents constitute separate and distinct grants of Liens and
(b)&#8239;because of, among other things, their differing rights in the ABL Priority Collateral and the Term Priority Collateral, the ABL
Obligations and the Term Obligations are fundamentally different from one another and must be separately classified in any plan of reorganization
or similar dispositive restructuring plan proposed, confirmed, or adopted in an Insolvency or Liquidation Proceeding (other than any such
plan of reorganization or similar dispositive restructuring plan that provides for the payment in full and in cash of the aggregate amount
of (and accrued interest, fees and expenses under (including all Post-Petition Amounts)) the ABL Obligations and the Term Obligations).
To further effectuate the intent of the parties as provided in the immediately preceding sentence, if it is held that the claims of the
ABL Secured Parties and the Term Secured Parties in respect of the Collateral constitute only one secured claim (rather than separate
classes of secured claims as contemplated hereunder), then each Agent, for itself and on behalf of its Related Secured Parties, acknowledges
and agrees that, subject to the provisions hereof (including Sections 2.01 and 4.01), all distributions shall be made as if there were
separate classes of secured claims against the Grantors in respect of the Collateral, with the effect being that, to the extent that the
aggregate value of the Senior Priority Collateral of any Class&#8239;is sufficient to satisfy the Senior Obligations of such Class, the
Senior Secured Parties of such Class&#8239;shall be entitled to receive, in addition to amounts distributed to them in respect of principal,
pre-petition interest and other claims constituting the Senior Obligations of such Class, all Post-Petition Amounts included in the Senior
Obligations of such Class&#8239;before any distribution is made in respect of the Junior Obligations in respect of such Collateral, with
the Junior Secured Parties in respect of such Collateral being required to (and hereby agreeing to) turn over to the Senior Agent (which
in the case of the Term Obligations, shall be the Controlling Term Agent) in respect of such Collateral amounts otherwise received or
receivable by them from such Collateral to the extent necessary to effectuate the intent of this sentence, even if such turnover has the
effect of reducing the aggregate recoveries thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;6.10</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Voting</U>.
Each Agent, for itself and on behalf of its Related Secured Parties, acknowledges and agrees that no Agent or other Secured Party (whether
in the capacity of a secured or an unsecured creditor) shall (1)&#8239;be entitled to vote to accept any plan of reorganization or similar
dispositive restructuring plan that is inconsistent with or in contravention of the provisions of this Agreement (absent the express written
consent of the other Agent) or (2)&#8239;be required to vote to approve any plan of reorganization or similar dispositive restructuring
plan with respect to any Grantor for any reason or to agree that any provision of any Credit Document shall survive the effectiveness
of a plan of reorganization or similar dispositive restructuring plan with respect to any Grantor in an Insolvency or Liquidation Proceeding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;6.11</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Reorganization
Securities</U>. If, in any Insolvency or Liquidation Proceeding, debt obligations of any reorganized Grantor secured by Liens upon any
assets of such reorganized Grantor are distributed pursuant to a plan of reorganization or similar dispositive restructuring plan, on
account of both the ABL Obligations and the Term Obligations, then, to the extent the debt obligations distributed on account of the ABL
Obligations and the Term Obligations are secured by Liens upon the same assets, the provisions of this Agreement will survive the distribution
of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>ARTICLE&#8239;VII</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Reliance; Waivers; Etc.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;7.01</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Reliance;
Information</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Other
than any reliance on the terms of this Agreement, the ABL Agent, for itself and on behalf of the other ABL Secured Parties, acknowledges
that it and the other ABL Secured Parties have, independently and without reliance on any Term Agent or any other Term Secured Party,
and based on documents and information deemed by them appropriate, made their own credit analysis and decision to enter into the ABL Documents
and be bound by the terms of this Agreement and agrees, for itself and on behalf of the other ABL Secured Parties, that it and the other
ABL Secured Parties will continue to make their own credit decision in taking or not taking any action under the ABL Documents or this
Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Other
than any reliance on the terms of this Agreement, each Term Agent, for itself and on behalf of its other Related Secured Parties, acknowledges
that it and the other Term Secured Parties have, independently and without reliance on the ABL Agent or any other ABL Secured Party, and
based on documents and information deemed by them appropriate, made their own credit analysis and decision to enter into the Term Documents
and be bound by the terms of this Agreement and agrees, for itself and on behalf of the other Term Secured Parties, that it and the other
Term Secured Parties will continue to make their own credit decision in taking or not taking any action under the Term Documents or this
Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;7.02</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>No
Warranties or Liability</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
ABL Agent, for itself and on behalf of the other ABL Secured Parties, acknowledges and agrees that, except as set forth in Section&#8239;8.16,
the Term Agents and the other Term Secured Parties have made no express or implied representation or warranty, including with respect
to the execution, validity, legality, completeness, collectibility or enforceability of any Term Document, the ownership of any Collateral
or the perfection or priority of any Liens thereon. Except as otherwise provided herein, the Term Secured Parties will be entitled to
manage and supervise their respective loans and extensions of credit under the Term Documents in accordance with law and as they may otherwise,
in their sole discretion, deem appropriate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Term Agent, for itself and on behalf of its other Related Secured Parties, acknowledges and agrees that, except as set forth in Section&#8239;8.16,
the ABL Agent and the other ABL Secured Parties have made no express or implied representation or warranty, including with respect to
the execution, validity, legality, completeness, collectibility or enforceability of any ABL Document, the ownership of any Collateral
or the perfection or priority of any Liens thereon. Except as otherwise provided herein, the ABL Secured Parties will be entitled to manage
and supervise their respective loans and extensions of credit under the applicable ABL Documents in accordance with law and as they may
otherwise, in their sole discretion, deem appropriate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;None
of the Term Agents or the other Term Secured Parties shall have any express or implied duty to the ABL Agent or any other ABL Secured
Party, and none of the ABL Agent or the other ABL Secured Parties shall have any express or implied duty to any Term Agent or any other
Term Secured Party, to act or refrain from acting in a manner that allows, or results in, the occurrence or continuance of an event of
default or default under any agreements with any Grantor (including any ABL Documents or any Term Documents), regardless of any knowledge
thereof that they may have or be charged with.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;7.03</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>No
Waiver of Lien Priorities</U>. No right of the Agent or any other Secured Party of any Class&#8239;to enforce any provision of this Agreement
or any Credit Document of such Class&#8239;shall at any time in any way be prejudiced or impaired by any act or failure to act on the part
of any Grantor or by any act or failure to act by any Agent or any other Secured Party, or by any noncompliance by any Person with the
terms, provisions and covenants of this Agreement or any Credit Document, regardless of any knowledge thereof that any Agent or any other
Secured Party may have or be otherwise charged with.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;7.04</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>No
Marshalling</U>. Until the Discharge of Obligations of such other Class, each Agent, for itself and on behalf of its Related Secured Parties,
agrees not to assert and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert
or otherwise claim the benefit of any marshaling, appraisal, valuation or other similar right that may otherwise be available under applicable
law with respect to any Collateral subject to any Senior Lien of the Agent or any other Secured Party of the other Class&#8239;or any other
similar rights a junior secured creditor may have under applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;7.05</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Obligations
Unconditional</U>. All rights, interests, agreements and obligations of each Agent and its Related Secured Parties hereunder shall remain
in full force and effect irrespective of</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">1.</TD><TD>(a) &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any lack of validity or enforceability of any Credit Document;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">2.</TD><TD>(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any
other terms of, all or any Obligations of any Class, or any Amendment, including any increase in the amount of the obligations thereunder,
whether in writing or by course of conduct or otherwise, of the terms of any Credit Document;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">3.</TD><TD>(c) &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Collateral or any
                                                                other collateral, or any Amendment, whether in writing or by course of conduct or otherwise, of all or any Obligations of any
                                                                Class&#8239;or any guarantee thereof;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">4.</TD><TD>(d) &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the commencement of any Insolvency or Liquidation Proceeding; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">5.</TD><TD>(e) &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any other circumstances that otherwise might constitute a defense available to, or a discharge of, any Grantor in respect of
                                                                any Obligations or this Agreement or any Agent or any Secured Party in respect of this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>ARTICLE&#8239;VIII</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Miscellaneous</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;8.01</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Agent
Joinder</U>. Each Grantor will be permitted to designate as an additional holder of Obligations hereunder each Person who is or who becomes
the registered holder of Additional Debt incurred by such Grantor after the date of this Agreement in accordance with the terms of all
applicable Credit Documents. Each Grantor may effect such designation by delivering to each Term Agent and the ABL Agent, each of the
following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;an
Officer&rsquo;s Certificate stating that such Grantor intends to incur Additional Debt which will be permitted by each applicable Credit
Document to be incurred and secured by a Term Lien, stating the initial principal amount of such debt and whether such debt constitutes
Additional First Lien Term Debt or Second Lien Term Debt, and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;an
Agent Joinder signed by the Additional Debt Agent, on behalf of itself and the Additional Debt Secured Parties of such Series&#8239;of
Additional Debt.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;8.02</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Notices</U>.
Notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service,
mailed by certified or registered mail or sent by fax, as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">6.</TD><TD>(a) &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;if to the ABL Agent, to JPMorgan Chase Bank, N.A. at:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">7. &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;JPMorgan
Chase Bank, N.A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: -0.25in"><FONT STYLE="color: red"><STRIKE>10 S Dearborn (LL2)</STRIKE></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: -0.25in"><FONT STYLE="color: red"><STRIKE>Chicago,&#8239;IL 60603</STRIKE></FONT><FONT STYLE="color: blue; border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>[Address]</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: -0.25in">Attention: <FONT STYLE="color: red"><STRIKE>Elizabeth
Cruz</STRIKE></FONT><FONT STYLE="color: blue; border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>[&#9679;]</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: -0.25in">Telephone: <FONT STYLE="color: red"><STRIKE>312-954-3006</STRIKE></FONT><FONT STYLE="color: blue; border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>[&#9679;]</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: -0.25in"><FONT STYLE="color: blue; border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U></U></FONT>Email:
<FONT STYLE="color: red"><STRIKE>elizabeth.cruz@chase.com</STRIKE></FONT><FONT STYLE="color: blue; border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>[&#9679;]</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">8.</TD><TD>(b) &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;if to the Term Loan Agent, to <FONT STYLE="color: red"><STRIKE>JPMorgan Chase Bank, N.A.</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>[&#9679;]</U></FONT>,
                                                                at:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">9.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239; <FONT STYLE="color: red"><STRIKE>JPMorgan
Chase Bank, N.A.</STRIKE></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: -0.25in"><FONT STYLE="color: red"><STRIKE></STRIKE></FONT><FONT STYLE="color: red"><STRIKE>2200 Ross Ave, Floor 03</STRIKE></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: -0.25in"><FONT STYLE="color: red"><STRIKE></STRIKE></FONT><FONT STYLE="color: red"><STRIKE>Dallas,
TX 75201</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>[&#9679;]</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: -0.25in"><FONT STYLE="color: blue; border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>[Address]</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: -0.25in">Attention: <FONT STYLE="color: red"><STRIKE>Greg
Martin</STRIKE></FONT><FONT STYLE="color: blue; border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>[&#9679;]</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: -0.25in">Telephone: <FONT STYLE="color: red"><STRIKE>214-965-2172</STRIKE></FONT><FONT STYLE="color: blue; border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>[&#9679;]</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: -0.25in"><FONT STYLE="color: blue; border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U></U></FONT>Email:
<FONT STYLE="color: red"><STRIKE>gregory.t.martin@jpmorgan.com</STRIKE></FONT><FONT STYLE="color: blue; border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt"><U>[&#9679;]</U></FONT>;
and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">10.</TD><TD>(c) &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;if to any other Agent, to such address as specified in the Agent Joinder.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">All notices and other communications given to any party hereto in accordance
with the provisions of this Agreement sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed
to have been given when received; notices sent by fax shall be deemed to have been given when sent (except that, if not given during normal
business hours for the recipient, shall be deemed to have been given at the opening of business on the next business day for the recipient).
As agreed to between the Agents from time to time, notices and other communications may also be delivered by e-mail to the e-mail address
of a representative of the applicable Person provided from time to time by such Person. Any Agent may change its address or facsimile
number for notices and other communications hereunder by notice to the other Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;8.03</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Conflicts</U>.
In the event of any express conflict between the provisions of this Agreement and the provisions of any Credit Document, the provisions
of this Agreement shall govern and control.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;8.04</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Effectiveness;
Continuing Nature of this Agreement</U>. This Agreement shall become effective when executed and delivered by the parties hereto. This
is a continuing agreement of Lien subordination, and the Secured Parties of any Class&#8239;may continue, at any time and without notice
to the Agent or any other Secured Party of the other Class, to extend credit and other financial accommodations and lend monies to or
for the benefit of any Grantor constituting their Obligations in reliance hereon. Each Agent, for itself and on behalf of its Related
Secured Parties, hereby waives any right it may have under applicable law to revoke this Agreement or any of the provisions of this Agreement.
The parties hereto acknowledge and agree that this Agreement is a &ldquo;subordination agreement&rdquo; within the meaning of, and is
enforceable under, Section&#8239;510(a)&#8239;of the Bankruptcy Code (or any comparable provisions of any other Bankruptcy Law), and the
terms hereof shall survive, and shall continue in full force and effect, in any Insolvency or Liquidation Proceeding. All references to
any Grantor shall include such Grantor as debtor and debtor-in-possession and any receiver or trustee for such Grantor, as the case may
be, in any Insolvency or Liquidation Proceeding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;8.05</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Severability</U>.
In the event any one or more of the provisions contained in this Agreement should be held invalid, illegal or unenforceable in any respect,
the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby
(it being understood that the invalidity of a particular provision in a particular jurisdiction shall not in and of itself affect the
validity of such provision in any other jurisdiction).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;8.06</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Amendments;
Waivers</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;No
failure or delay on the part of any party hereto in exercising any power or right hereunder shall operate as a waiver thereof, nor shall
any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power,
preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the parties hereto
are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement
or consent to any departure by any party therefrom shall in any event be effective unless the same shall be permitted by paragraph (b)&#8239;of
this Section, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Neither
this Agreement nor any provision hereof may be waived, amended or modified except pursuant to an agreement or agreements in writing entered
into by the ABL Agent and each Term Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;8.07</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Information
Concerning Financial Condition of Grantors</U>. Each Agent, for itself and on behalf of its Related Secured Parties, acknowledges that
no Agent or any other Secured Party shall be responsible for keeping the Agent or any other Secured Party of the other Class&#8239;informed
of (a)&#8239;the financial condition of any Grantor or (b)&#8239;any other circumstances bearing upon the risk of nonpayment of the Obligations
of any Class. No Agent or any other Secured Party of any Class&#8239;shall have any duty to advise the Agent or any other Secured Party
of the other Class&#8239;of information known to it regarding such condition or any such circumstances or otherwise. In the event the Agent
or any other Secured Party of any Class, in its sole discretion, undertakes at any time or from time to time to provide any such information
to the Agent or any other Secured Party of the other Class, it shall be under no obligation (i)&#8239;to make, and neither the Agent nor
any other Secured Party of such Class&#8239;shall make, any express or implied representation or warranty, including with respect to the
accuracy, completeness, truthfulness or validity of any such information so provided, (ii)&#8239;to provide any additional information
or to provide any such information on any subsequent occasion, (iii)&#8239;to undertake any investigation or (iv)&#8239;to disclose any
information, which pursuant to accepted or reasonable commercial finance practices, such party wishes to maintain confidential or is otherwise
required to maintain confidential.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;8.08</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Subrogation</U>.
With respect to the value of any payments or distributions in cash, property or other assets that any Agent or any other Secured Party
of any Class&#8239;pays over to the Agent or any other Secured Party of the other Class&#8239;under the terms of this Agreement, the Agent
or Secured Party making such payment shall be subrogated to the rights of the Agent and Secured Party receiving such payment; <U>provided</U>
that the Agent making such payment, for itself and on behalf of its Related Secured Parties, hereby agrees that none of them shall assert
or enforce any such rights of subrogation they may acquire as a result of any such payment until the Discharge of Obligations of the other
Class&#8239;has occurred.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;8.09</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Application
of Payments</U>. All payments received by any Agent or any other Secured Party of any Class&#8239;may be applied, reversed and reapplied,
in whole or in part, to such part of the Obligations of such Class&#8239;as shall be provided in the applicable Credit Documents of such
Class.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;8.10</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Applicable
Law</U>. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;8.11</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>WAIVER
OF JURY TRIAL</U>. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY&#8239;HAVE TO A
TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT. EACH PARTY
HERETO (A)&#8239;CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH
OTHER PARTY WOULD NOT,&#8239;IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B)&#8239;ACKNOWLEDGES THAT IT AND THE
OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS
SECTION.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;8.12</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Jurisdiction;
Consent to Service of Process</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Agent agrees, for itself and on behalf of its Related Secured Parties, that each of them hereby irrevocably and unconditionally submits,
for itself and its property, to the jurisdiction of the Supreme Court of the State of New York sitting in New York County and of the United
States District Court of the Southern District of New York, and any appellate court from any thereof, in any action or proceeding arising
out of or relating to this Agreement, or for recognition or enforcement of any judgment, and hereby irrevocably and unconditionally agrees
that all claims arising out of or relating to this Agreement brought by any of them shall be brought, and shall be heard and determined,
exclusively in such New York State or, to the extent permitted by law, in such Federal court. Each Agent agrees, for itself and on behalf
of its Related Secured Parties, that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Agent, for itself and on behalf of its Related Secured Parties, hereby irrevocably and unconditionally waives, to the fullest extent permitted
by law, any objection that any of them may now or hereafter have to the laying of venue of any suit, action or proceeding arising out
of or relating to this Agreement in any New York State or federal court. Each Agent, for itself and on behalf of its Related Secured Parties,
hereby irrevocably and unconditionally waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance
of such action or proceeding in any such court.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Agent irrevocably consents to service of process in the manner provided for notices in Section&#8239;8.02. Nothing in this Agreement will
affect the right of any party to this Agreement to serve process in any other manner permitted by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;8.13</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Further
Assurances</U>. Each Agent, for itself and on behalf of its Related Secured Parties, agrees that each of them will take such further action
and will execute and deliver such additional documents and instruments (in recordable form, if requested) as the other Agent may reasonably
request to effectuate the terms of and the relative Lien priorities contemplated by this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;8.14</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Specific
Performance</U>. Each Agent may demand specific performance of this Agreement. Each Agent, for itself and on behalf of its Related Secured
Parties, hereby irrevocably waives any defense based on the adequacy of a remedy at law and any other defense that might be asserted to
bar the remedy of specific performance in any action that may be brought by any other Agent or any of its Related Secured Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;8.15</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Headings</U>.
Article&#8239;and Section&#8239;headings in this Agreement are included herein for convenience of reference only and shall not constitute
a part of this Agreement for any other purpose or be given any substantive effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;8.16</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Counterparts</U>.
This Agreement may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute
an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature
page&#8239;of this Agreement or any document or instrument delivered in connection herewith by facsimile or other electronic transmission
shall be effective as delivery of a manually executed counterpart of this Agreement or such other document or instrument, as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;8.17</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Authorization</U>.
By its signature, each Agent represents and warrants to the other Agent that it is duly authorized to execute and deliver this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;8.18</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Parties
in Interest</U>. This Agreement shall be binding upon, and shall inure to the benefit of, each Agent and its successors and assigns, as
well as each other Secured Party, all of whom are intended to be bound by, and to be third party beneficiaries of, this Agreement. Without
limiting the generality of the foregoing, (a)&#8239;any Person to whom any Lender assigns or otherwise transfers all or any portion of
any Obligation in accordance with the applicable Credit Documents shall become vested with all the rights and obligations in respect thereof
granted to such Lender, without any further consent or action of the other Secured Parties, and (b)&#8239;any counterparty to a Swap Agreement
or an agreement relating to Banking Services Obligations that accepts the benefit of any Collateral in accordance with the ABL Collateral
Documents or the Term Collateral Documents, as applicable, shall be deemed to have agreed to be bound by the terms of this Agreement.
Except as expressly provided in Sections 4.01(a)(iii), 4.01(b)(iii), and 8.01 with respect to the Grantors, no other Person, including
any Grantor, any debtor-in-possession or any receiver or trustee in any Insolvency or Liquidation Proceeding, shall have or be entitled
to assert any rights or benefits hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;8.19</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Provisions
Solely to Define Relative Rights</U>. The provisions of this Agreement are and are intended solely for the purpose of defining the relative
rights of (a)&#8239;the ABL Agent and the other ABL Secured Parties and (b)&#8239;the Term Agents and the other Term Secured Parties. Nothing
in this Agreement is intended to or shall impair the obligations of any Grantor, which are absolute and unconditional, to pay the ABL
Obligations and the Term Obligations as and when the same shall become due and payable in accordance with their terms.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>SECTION&#8239;8.20</U>&#8239;&#8239;&#8239;&#8239;&#8239;<U>Additional
Indebtedness</U>. Notwithstanding the foregoing, nothing in this Agreement will be construed to allow any Grantor to incur additional
indebtedness unless otherwise permitted by the terms of each applicable Credit Document then in effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement
as of the date first above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; background-color: White">&#8239;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; background-color: White">JPMORGAN CHASE BANK, N.A.,<BR> as ABL Agent,</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; background-color: White">&#8239;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; background-color: White">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; background-color: White; width: 50%">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; background-color: White; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; background-color: White; width: 47%">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; background-color: White">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; background-color: White">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; background-color: White">Name:</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; background-color: White">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; background-color: White">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; background-color: White">Title:</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; background-color: White">&#8239;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; background-color: White"><FONT STYLE="color: red"><STRIKE>JPMORGAN CHASE BANK, N.A.</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>[&#9679;]</U></FONT>,<BR>
as Term Loan Agent,</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; background-color: White">&#8239;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; background-color: White">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; background-color: White; width: 50%">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; background-color: White; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; background-color: White; width: 47%">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; background-color: White">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; background-color: White">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; background-color: White">Name:</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; background-color: White">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; background-color: White">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; background-color: White">Title:</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 298 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">EXHIBIT&#8239;A</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">to Intercreditor Agreement</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>[FORM&#8239;OF]<BR>
GRANTOR ACKNOWLEDGMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Each Grantor has read the foregoing Agreement and consents thereto.
Each Grantor agrees not to take any action that would be contrary to the provisions of the foregoing Agreement and agrees that no Agent
or Secured Party shall have any liability to any Grantor for acting in accordance with the provisions of the foregoing Agreement and the
ABL Credit Agreement, the Term Credit Agreement and other collateral, security and credit documents referred to therein. Each Grantor
understands that, except as expressly provided in Sections 4.01(a)(iii), 4.01(b)(iii), and 8.01 of the Agreement with respect to the Grantor,
it is not an intended beneficiary or third party beneficiary of the foregoing Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Without limitation of the foregoing, the undersigned agree, at the
Company&rsquo;s expense, to take such further action and to execute and deliver such additional documents and instruments (in recordable
form, if requested) as any of the Company, the ABL Agent, the Term Agent or any other Agent may reasonably request to effectuate the terms
of the foregoing Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">For the purposes hereof, the address of each Grantor shall be as set
forth in the ABL Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Company agrees to cause any Grantor that becomes a party to any
Credit Document after the date hereof to promptly sign an acknowledgment of the foregoing Agreement substantially in the same form.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">IN WITNESS WHEREOF, the parties hereto have caused
this Grantor Acknowledgment to be executed by their respective officers or representatives as of ________________, 20 ____.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&#8239;</TD>
  <TD COLSPAN="2">[_________________________________]</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&#8239;</TD>
  <TD COLSPAN="2">&#8239;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 50%">&#8239;</TD>
  <TD STYLE="width: 3%">By:</TD>
  <TD STYLE="border-bottom: Black 1pt solid; width: 47%">&#8239;&#8239;&#8239;&#8239;&#8239;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&#8239;</TD>
  <TD>&#8239;</TD>
  <TD>Name:</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&#8239;</TD>
  <TD>&#8239;</TD>
  <TD>Title:</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">[Notice Address]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 299 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&#8239;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">EXHIBIT&#8239;B<BR>
to Intercreditor Agreement</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>[FORM&#8239;OF]<BR>
AGENT JOINDER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Reference is made to the Intercreditor Agreement, dated as of <FONT STYLE="color: red"><STRIKE>September&#8239;26,
2019</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>[&#9679;], 20[&#9679;]</U></FONT> (as amended, supplemented,
amended and restated or otherwise modified and in effect from time to time, the &ldquo;<B><I>ABL Intercreditor Agreement</I></B>&rdquo;)
among JPMorgan Chase Bank, N.A., as ABL Agent for the ABL Secured Parties referred to therein, <FONT STYLE="color: red"><STRIKE>JPMorgan
Chase Bank, N.A.</STRIKE></FONT><FONT STYLE="border-bottom-style: double; border-bottom-width: 0.5pt; padding-bottom: 0.5pt; color: blue"><U>[&#9679;]</U></FONT>, as Term Loan Agent for
the Term Loan Secured Parties referred to therein and each Additional Debt Agent for the Additional Debt Secured Parties referred to therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Capitalized terms used but not otherwise defined herein shall have
meaning set forth in the Intercreditor Agreement. This Agent Joinder is being executed and delivered pursuant to <U>Section&#8239;8.01</U>
of the Intercreditor Agreement as a condition precedent to the Additional Debt for which the undersigned is acting as representative being
entitled to the rights and obligations of being additional secured debt under the Intercreditor Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Joinder</U>.
The undersigned, [_____________________], a [____________________], (the &ldquo;<B><I>New Agent</I></B>&rdquo;) as [trustee] [collateral
trustee] [administrative agent] [collateral agent] under that certain [<I>described applicable indenture, credit agreement or other document
governing the additional secured debt</I>] (the &ldquo;<B><I>Additional Debt Facility</I></B>&rdquo;) hereby:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;represents
that the New Agent has been authorized to become a party to the Intercreditor Agreement on behalf of the Additional Debt Secured Parties
under the Additional Debt Facility under the Intercreditor Agreement for all purposes thereof on the terms set forth therein, and to be
bound by the terms of the Intercreditor Agreement as fully as if the undersigned had executed and delivered the Intercreditor Agreement
as of the date thereof; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;agrees
that its address for receiving notices pursuant to the Intercreditor Agreement shall be as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">[Address];</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Confirmation</U>.
The undersigned New Agent, on behalf of itself and each holder of Obligations in respect of the Additional Debt Facility hereby agrees,
for the benefit of all Secured Parties and each future Agent, and as a condition to being treated as Obligations under the Intercreditor
Agreement, that the New Agent and each holder of Obligations in respect of the Series&#8239;of Term Obligations for which the undersigned
is acting as Additional Debt Agent are bound by the provisions of the Intercreditor Agreement, including the provisions relating to the
ranking of Liens and the order of application of proceeds from enforcement of Liens;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Governing
Law and Miscellaneous Provisions</U>. The provisions of <U>Article&#8239;VIII</U> of the Intercreditor Agreement will apply with like effect
to this Agent Joinder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">IN WITNESS WHEREOF, the parties hereto have caused this Agent Joinder
to be executed by their respective officers or representatives as of _____________________ , 20___].</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&#8239;</TD>
  <TD COLSPAN="2">[insert name of New Agent]</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&#8239;</TD>
  <TD COLSPAN="2">&#8239;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 50%">&#8239;</TD>
  <TD STYLE="width: 3%">By:</TD>
  <TD STYLE="border-bottom: Black 1pt solid; width: 47%">&#8239;&#8239;&#8239;&#8239;&#8239;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&#8239;</TD>
  <TD>&#8239;</TD>
  <TD>Name:</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&#8239;</TD>
  <TD>&#8239;</TD>
  <TD>Title:</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The ABL Agent hereby acknowledges receipt of this Agent Joinder:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&#8239;</TD>
  <TD COLSPAN="2">______________________________________,</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&#8239;</TD>
  <TD COLSPAN="2">as ABL Agent</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&#8239;</TD>
  <TD COLSPAN="2">&#8239;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 50%">&#8239;</TD>
  <TD STYLE="width: 3%">By:</TD>
  <TD STYLE="border-bottom: Black 1pt solid; width: 47%">&#8239;&#8239;&#8239;&#8239;&#8239;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&#8239;</TD>
  <TD>&#8239;</TD>
  <TD>Name:</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&#8239;</TD>
  <TD>&#8239;</TD>
  <TD>Title:</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">[The Term Loan Agent hereby acknowledges receipt of this Agent Joinder:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&#8239;</TD>
  <TD COLSPAN="2">______________________________________,</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&#8239;</TD>
  <TD COLSPAN="2">as Term Loan Agent</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&#8239;</TD>
  <TD COLSPAN="2">&#8239;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 50%">&#8239;</TD>
  <TD STYLE="width: 3%">By:</TD>
  <TD STYLE="border-bottom: Black 1pt solid; width: 47%">&#8239;&#8239;&#8239;&#8239;&#8239;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&#8239;</TD>
  <TD>&#8239;</TD>
  <TD>Name:</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&#8239;</TD>
  <TD>&#8239;</TD>
  <TD>Title:&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;]</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">[Each Additional Debt Agent hereby acknowledges receipt of this Agent
Joinder:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&#8239;</TD>
  <TD COLSPAN="2">______________________________________,</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&#8239;</TD>
  <TD COLSPAN="2">as Additional Debt Agent</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&#8239;</TD>
  <TD COLSPAN="2">&#8239;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 50%">&#8239;</TD>
  <TD STYLE="width: 3%">By:</TD>
  <TD STYLE="border-bottom: Black 1pt solid; width: 47%">&#8239;&#8239;&#8239;&#8239;&#8239;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&#8239;</TD>
  <TD>&#8239;</TD>
  <TD>Name:</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&#8239;</TD>
  <TD>&#8239;</TD>
  <TD>Title:&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;]</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>Exhibit&#8239;C</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>Amended Exhibits to the Credit Agreement</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[See attached].</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">EXHIBIT&#8239;C</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[FORM&#8239;OF] BORROWING REQUEST</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">JPMorgan Chase Bank, N.A.,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">as Administrative Agent</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">10 S Dearborn (LL2)<BR>
Chicago,&#8239;IL 60603<BR>
Attention: Elizabeth Cruz<BR>
Telephone: 312-954-3006<BR>
Email: elizabeth.cruz@chase.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">[Date]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Reference is made to the Credit Agreement dated
as of September&#8239;26, 2019 (as amended, restated, supplemented or otherwise modified from time to time, the &ldquo;<U>Credit Agreement</U>&rdquo;),
among Fossil Group,&#8239;Inc., a Delaware corporation (the &ldquo;<U>Company</U>&rdquo; or the &ldquo;<U>Borrower Representative</U>&rdquo;),
Fossil Partners, L.P., a Texas limited partnership (&ldquo;<U>Fossil Partners</U>&rdquo;), the other U.S. Subsidiary Borrowers from time
to time party thereto (together with the Company and Fossil Partners, the &ldquo;<U>U.S. Borrowers</U>&rdquo;), Fossil Group Europe GmbH,
a limited liability company organized under the laws of Switzerland (&ldquo;<U>Fossil Switzerland</U>&rdquo;), Fossil Asia Pacific Limited,
a private limited liability company organized under the laws of Hong Kong (&ldquo;<U>Fossil Asia</U>&rdquo;), Fossil (Europe) GmbH, a
limited liability company organized under the laws of Germany (&ldquo;<U>Fossil Germany</U>&rdquo;), Fossil (UK) Limited, a private limited
liability company organized under the laws of England and Wales (<U>Fossil UK</U>&rdquo;) and Fossil Canada Inc., a corporation organized
under the laws of New Brunswick (&ldquo;<U>Fossil Canada</U>&rdquo; and, together with the U.S. Borrowers, Fossil Switzerland, Fossil
Asia, Fossil Germany, Fossil UK, and any other Subsidiary designated as a Borrower pursuant to the terms of thereof, the &ldquo;<U>Borrowers</U>,&rdquo;
and each individually, a &ldquo;<U>Borrower</U>&rdquo;), the other Loan Parties party thereto, the Lenders party thereto, JPMorgan Chase
Bank, N.A., as Administrative Agent and as French Collateral Agent. Capitalized terms used but not otherwise defined herein shall have
the meanings specified in the Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">This notice constitutes a Borrowing Request and
the Borrower Representative hereby gives you notice, pursuant to Section&#8239;2.03 of the Credit Agreement, that it requests a Borrowing
of Revolving Loans under the Credit Agreement, and in connection therewith specifies the following information with respect to such Borrowing:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(A)</TD><TD STYLE="text-align: left">[U.S. Borrowers][Canadian Borrowers][French Borrowers][German Borrowers][Hong Kong Borrowers][Swiss Borrowers][UK
Borrowers]</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(B)</TD><TD STYLE="text-align: justify">Aggregate amount of Borrowing:<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>1</SUP></FONT>
$ ______________________________________</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&#8239;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>1</SUP>&nbsp;</FONT></TD><TD STYLE="text-align: justify">Must comply with Sections 2.01 and 2.02(c) of the Credit Agreement.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 303 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&#8239;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(C)</TD><TD STYLE="text-align: justify">Date of Borrowing (which is a Business Day): _________________________________________________________</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(D)</TD><TD STYLE="text-align: justify">Type of Loan:<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>2</SUP></FONT>
_________________________________________________________</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(E)</TD><TD STYLE="text-align: justify">Currency of Borrowing: __________________________________________________</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(F)</TD><TD STYLE="text-align: justify">Type of Borrowing:<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>3</SUP> _________________________________________________________</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(E)</TD><TD STYLE="text-align: justify">Initial Interest Period:<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>4</SUP></FONT> _________________________________________________________</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(F)</TD><TD STYLE="text-align: left">Location and number of the account to which proceeds of the requested Borrowing are to be disbursed: [Name
of Bank] (Account No.:______________________________________)</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">The Borrower Representative hereby represents
and warrants that the conditions specified in paragraphs (a), (b)&#8239;and (c)&#8239;of Section&#8239;4.02 of the Credit Agreement have
been satisfied.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; background-color: White">&#8239;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 0.375in; background-color: White">Very truly yours,</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; background-color: White">&#8239;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; background-color: White">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; background-color: White">&#8239;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; background-color: White">FOSSIL GROUP,&#8239;INC., as<BR>
Borrower Representative,</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; background-color: White">&#8239;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; background-color: White">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; background-color: White; width: 50%">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; background-color: White; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; background-color: White; width: 47%">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; background-color: White">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; background-color: White">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; background-color: White">Name:</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; background-color: White">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; background-color: White">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; background-color: White">Title:</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>2
</SUP></FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Specify whether the requested Borrowing is to be a Borrowing under the
U.S. Facility, the Canadian Facility, the European Facility, the French Facility or the Hong Kong Facility.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>3</SUP></FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Specify
whether the requested Borrowing is to be an ABR Borrowing, a Term Benchmark Borrowing, an RFR Borrowing or a Canadian Prime Rate Borrowing.
If no election as to the Type of Borrowing is specified, then (A) a Borrowing of U.S. Revolving Loans shall be an ABR Borrowing, (B)
a Borrowing of Canadian Revolving Loans requested in Canadian Dollars shall be a Canadian Prime Rate Borrowing, (C) a Borrowing of Canadian
Revolving Loans, European Revolving Loans, French Revolving Loans or Hong Kong Revolving Loans requested in Dollars shall be an Adjusted
Term SOFR Rate Borrowing, (D) a Borrowing of European Revolving Loans or French Revolving Loans requested in Euros shall be an Adjusted
EURIBOR Rate Borrowing, (E) a Borrowing of European Revolving Loans requested in Pound Sterling shall be a RFR Borrowing and (F) a Borrowing
of Hong Kong Revolving Loans requested in an Alternative Currency shall be a HIBOR Borrowing.</P>

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to Term Benchmark Borrowings only. Shall be a period of one, three or six months (or, with the consent of each Lender, twelve months)
(in each case, subject to the availability for the Benchmark applicable to the relevant Borrowing for any Agreed Currency), as contemplated
by the definition of the term &ldquo;Interest Period.&rdquo; If an Interest Period is not specified, then the applicable Borrower shall
be deemed to have selected an Interest Period of one month&rsquo;s duration.</P>

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<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>5
<FILENAME>fosl-20221108_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE
<TEXT>
<XBRL>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentAnnualReport" xlink:to="dei_DocumentAnnualReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentAnnualReport_lbl" xml:lang="en-US">Document Annual Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentQuarterlyReport" xlink:label="dei_DocumentQuarterlyReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentQuarterlyReport" xlink:to="dei_DocumentQuarterlyReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentQuarterlyReport_lbl" xml:lang="en-US">Document Quarterly Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentTransitionReport" xlink:label="dei_DocumentTransitionReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentTransitionReport" xlink:to="dei_DocumentTransitionReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentTransitionReport_lbl" xml:lang="en-US">Document Transition Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentShellCompanyReport" xlink:label="dei_DocumentShellCompanyReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentShellCompanyReport" xlink:to="dei_DocumentShellCompanyReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentShellCompanyReport_lbl" xml:lang="en-US">Document Shell Company Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentShellCompanyEventDate" xlink:label="dei_DocumentShellCompanyEventDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentShellCompanyEventDate" xlink:to="dei_DocumentShellCompanyEventDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentShellCompanyEventDate_lbl" xml:lang="en-US">Document Shell Company Event Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentPeriodStartDate" xlink:label="dei_DocumentPeriodStartDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodStartDate" xlink:to="dei_DocumentPeriodStartDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodStartDate_lbl" xml:lang="en-US">Document Period Start Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US">Document Period End Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="dei_DocumentFiscalPeriodFocus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalPeriodFocus" xlink:to="dei_DocumentFiscalPeriodFocus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xml:lang="en-US">Document Fiscal Period Focus</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentFiscalYearFocus" xlink:label="dei_DocumentFiscalYearFocus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalYearFocus_lbl" xml:lang="en-US">Document Fiscal Year Focus</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CurrentFiscalYearEndDate" xlink:label="dei_CurrentFiscalYearEndDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="dei_CurrentFiscalYearEndDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xml:lang="en-US">Current Fiscal Year End Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityFileNumber" xlink:label="dei_EntityFileNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFileNumber" xlink:to="dei_EntityFileNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFileNumber_lbl" xml:lang="en-US">Entity File Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US">Entity Registrant Name</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US">Entity Central Index Key</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityPrimarySicNumber" xlink:label="dei_EntityPrimarySicNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPrimarySicNumber" xlink:to="dei_EntityPrimarySicNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityPrimarySicNumber_lbl" xml:lang="en-US">Entity Primary SIC Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityTaxIdentificationNumber" xlink:label="dei_EntityTaxIdentificationNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityTaxIdentificationNumber" xlink:to="dei_EntityTaxIdentificationNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xml:lang="en-US">Entity Tax Identification Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="dei_EntityIncorporationStateCountryCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityIncorporationStateCountryCode" xlink:to="dei_EntityIncorporationStateCountryCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine1" xlink:label="dei_EntityAddressAddressLine1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine1" xlink:to="dei_EntityAddressAddressLine1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine1_lbl" xml:lang="en-US">Entity Address, Address Line One</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine2" xlink:label="dei_EntityAddressAddressLine2" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine2" xlink:to="dei_EntityAddressAddressLine2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine2_lbl" xml:lang="en-US">Entity Address, Address Line Two</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine3" xlink:label="dei_EntityAddressAddressLine3" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine3" xlink:to="dei_EntityAddressAddressLine3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine3_lbl" xml:lang="en-US">Entity Address, Address Line Three</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressCityOrTown" xlink:label="dei_EntityAddressCityOrTown" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCityOrTown" xlink:to="dei_EntityAddressCityOrTown_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCityOrTown_lbl" xml:lang="en-US">Entity Address, City or Town</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressStateOrProvince" xlink:label="dei_EntityAddressStateOrProvince" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressStateOrProvince" xlink:to="dei_EntityAddressStateOrProvince_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressStateOrProvince_lbl" xml:lang="en-US">Entity Address, State or Province</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressCountry" xlink:label="dei_EntityAddressCountry" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCountry" xlink:to="dei_EntityAddressCountry_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCountry_lbl" xml:lang="en-US">Entity Address, Country</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressPostalZipCode" xlink:label="dei_EntityAddressPostalZipCode" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressPostalZipCode_lbl" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CountryRegion" xlink:label="dei_CountryRegion" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CountryRegion" xlink:to="dei_CountryRegion_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CountryRegion_lbl" xml:lang="en-US">Country Region</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CityAreaCode" xlink:label="dei_CityAreaCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CityAreaCode" xlink:to="dei_CityAreaCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CityAreaCode_lbl" xml:lang="en-US">City Area Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_LocalPhoneNumber" xlink:label="dei_LocalPhoneNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LocalPhoneNumber" xlink:to="dei_LocalPhoneNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_LocalPhoneNumber_lbl" xml:lang="en-US">Local Phone Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Extension" xlink:label="dei_Extension" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Extension" xlink:to="dei_Extension_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Extension_lbl" xml:lang="en-US">Extension</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_WrittenCommunications" xlink:to="dei_WrittenCommunications_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_WrittenCommunications_lbl" xml:lang="en-US">Written Communications</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SolicitingMaterial" xlink:label="dei_SolicitingMaterial" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SolicitingMaterial" xlink:to="dei_SolicitingMaterial_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SolicitingMaterial_lbl" xml:lang="en-US">Soliciting Material</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementTenderOffer" xlink:to="dei_PreCommencementTenderOffer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_PreCommencementTenderOffer_lbl" xml:lang="en-US">Pre-commencement Tender Offer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="dei_PreCommencementIssuerTenderOffer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementIssuerTenderOffer" xlink:to="dei_PreCommencementIssuerTenderOffer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_PreCommencementIssuerTenderOffer_lbl" xml:lang="en-US">Pre-commencement Issuer Tender Offer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Security12bTitle" xlink:label="dei_Security12bTitle" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12bTitle" xlink:to="dei_Security12bTitle_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Security12bTitle_lbl" xml:lang="en-US">Title of 12(b) Security</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_NoTradingSymbolFlag" xlink:label="dei_NoTradingSymbolFlag" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_NoTradingSymbolFlag" xlink:to="dei_NoTradingSymbolFlag_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_NoTradingSymbolFlag_lbl" xml:lang="en-US">No Trading Symbol Flag</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_TradingSymbol" xlink:label="dei_TradingSymbol" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="dei_TradingSymbol_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_TradingSymbol_lbl" xml:lang="en-US">Trading Symbol</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SecurityExchangeName" xlink:label="dei_SecurityExchangeName" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityExchangeName" xlink:to="dei_SecurityExchangeName_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SecurityExchangeName_lbl" xml:lang="en-US">Security Exchange Name</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Security12gTitle" xlink:label="dei_Security12gTitle" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12gTitle" xlink:to="dei_Security12gTitle_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Security12gTitle_lbl" xml:lang="en-US">Title of 12(g) Security</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SecurityReportingObligation" xlink:label="dei_SecurityReportingObligation" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityReportingObligation" xlink:to="dei_SecurityReportingObligation_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SecurityReportingObligation_lbl" xml:lang="en-US">Security Reporting Obligation</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AnnualInformationForm" xlink:label="dei_AnnualInformationForm" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AnnualInformationForm" xlink:to="dei_AnnualInformationForm_lbl" xlink:type="arc" />
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>6
<FILENAME>fosl-20221108_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
<TEXT>
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<TYPE>XML
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
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<span style="display: none;">v3.22.2.2</span><table class="report" border="0" cellspacing="2" id="idm140333796704816">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Cover<br></strong></div></th>
<th class="th"><div>Nov. 08, 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_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Nov.  08,  2022<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">001-41040<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">FOSSIL GROUP,
INC.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0000883569<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">75-2018505<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">DE<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">901 S. Central Expressway<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">Richardson<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">TX<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">75080<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">972<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">234-2525<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_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember', window );">Common Stock [Member]</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_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<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_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Common Stock, par value $0.01 per share<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_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">FOSL<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_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NASDAQ<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=fosl_Notes7.00PercentSeniorDue2026Member', window );">Notes 7. 00 Percent Senior Due 2026 [Member]</a></td>
<td class="text">&#160;<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_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</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_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">7.00% Senior Notes due 2026<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">FOSLL<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NASDAQ<span></span>
</td>
</tr>
</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_DocumentInformationLineItems">
<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>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</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_DocumentInformationLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
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<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>
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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 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>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
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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">
<tr>
<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
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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>
<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>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>
