<SEC-DOCUMENT>0001104659-26-068944.txt : 20260601
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<ACCEPTANCE-DATETIME>20260601162335
ACCESSION NUMBER:		0001104659-26-068944
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		14
CONFORMED PERIOD OF REPORT:	20260528
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20260601
DATE AS OF CHANGE:		20260601

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Trinseo PLC
		CENTRAL INDEX KEY:			0001519061
		STANDARD INDUSTRIAL CLASSIFICATION:	PLASTICS, MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS [2821]
		ORGANIZATION NAME:           	08 Industrial Applications and Services
		EIN:				000000000
		STATE OF INCORPORATION:			L2
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36473
		FILM NUMBER:		261051207

	BUSINESS ADDRESS:	
		STREET 1:		440 EAST SWEDESFORD ROAD
		STREET 2:		SUITE 301
		CITY:			WAYNE
		STATE:			PA
		ZIP:			19087
		BUSINESS PHONE:		610-240-3200

	MAIL ADDRESS:	
		STREET 1:		440 EAST SWEDESFORD ROAD
		STREET 2:		SUITE 301
		CITY:			WAYNE
		STATE:			PA
		ZIP:			19087

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Trinseo S.A.
		DATE OF NAME CHANGE:	20110429

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Bain Capital Everest (Luxco 2) S.a r.l.
		DATE OF NAME CHANGE:	20110426
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<p style="margin: 0">&#160;</p>

<p style="margin: 0"></p>

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<p style="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><b>UNITED STATES</b>&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><span style="font-size: 18pt"><b>SECURITIES
AND EXCHANGE COMMISSION&#8239;</b></span></p>

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

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

<p style="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><b>FORM&#160;<span id="xdx_908_edei--DocumentType_c20260528__20260528_zbXwmvnwAYga"><ix:nonNumeric contextRef="AsOf2026-05-28" id="Fact000009" name="dei:DocumentType">8-K</ix:nonNumeric></span></b></p>

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

<p style="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><b>CURRENT REPORT</b></p>

<p style="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><b>Pursuant to Section&#160;13
or 15(d)</b></p>

<p style="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><b>of The Securities Exchange
Act of 1934</b></p>

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

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

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

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

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

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

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

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

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">(Address of principal
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">(Telephone number, including
area code)</p>

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

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

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; background-color: white">Check the appropriate box below if the Form&#160;8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):</p>

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

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt; background-color: white"><tr style="vertical-align: top">
<td style="width: 0"/><td style="width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Wingdings"><span id="xdx_904_edei--WrittenCommunications_c20260528__20260528_zb57xOawkjrg"><ix:nonNumeric contextRef="AsOf2026-05-28" format="ixt:booleanfalse" id="Fact000022" name="dei:WrittenCommunications">&#168;</ix:nonNumeric></span></span></span></td><td style="text-align: justify">Written communications pursuant to Rule&#160;425 under the Securities Act (17 CFR 230.425)</td></tr></table>

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

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt; background-color: white"><tr style="vertical-align: top">
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt; background-color: white"><tr style="vertical-align: top">
<td style="width: 0"/><td style="width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Wingdings"><span id="xdx_90C_edei--PreCommencementTenderOffer_c20260528__20260528_zEURfsz0Uy82"><ix:nonNumeric contextRef="AsOf2026-05-28" format="ixt:booleanfalse" id="Fact000024" name="dei:PreCommencementTenderOffer">&#168;</ix:nonNumeric></span></span></span></td><td style="text-align: justify">Pre-commencement communications pursuant to Rule&#160;14d-2(b)&#160;under the Exchange Act (17 CFR 240.14d-2(b))</td></tr></table>

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

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

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

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

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

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

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

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

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

<p style="margin: 0">&#160;</p>

<p style="margin: 0"></p>

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<p style="margin: 0">&#160;</p>

<p style="margin: 0"></p>

<!-- Field: Page; Sequence: 1 -->
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<p style="margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>EXPLANATORY NOTE</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-indent: 0.5in">As previously disclosed, Trinseo PLC (the
&#8220;<span style="text-decoration: underline">Company</span>&#8221;) and certain of its direct and indirect subsidiaries
(collectively, the &#8220;<span style="text-decoration: underline">Debtors</span>&#8221;) filed voluntary petitions for relief under
Chapter 11 of Title 11 of the United States Code (the "<span style="text-decoration: underline">Bankruptcy Code</span>") in
the United States Bankruptcy Court for the Southern District of Texas (the &#8220;<span style="text-decoration: underline">Bankruptcy
Court</span>,&#8221; and such cases, the &#8220;<span style="text-decoration: underline">Chapter 11 Cases</span>&#8221;). The
Chapter 11 Cases were commenced to conduct a comprehensive restructuring of the Company&#8217;s capital structure (the &#8220;<span style="text-decoration: underline">Restructuring
Transactions</span>&#8221;) through a joint prepackaged plan of reorganization (the &#8220;<span style="text-decoration: underline">Plan</span>&#8221;)
pursuant to a Restructuring Support Agreement, dated as of May 13, 2026 with majorities of senior lenders (the &#8220;<span style="text-decoration: underline">Restructuring
Support Agreement</span>&#8221;). As previously disclosed by the Company, the Plan provides for fully committed debtor-in-possession
financing as well as exit financing. On May 28, 2026, certain of the Debtors entered into two debtor-in-possession credit facilities
(together, the &#8220;<span style="text-decoration: underline">DIP Facilities</span>&#8221;) providing for a total of $142.5 million
of new money funding, as described further below. On May 29, 2026, certain of the Debtors also entered into an amendment and
restatement of the Company&#8217;s existing $150 million accounts receivable securitization program. The DIP Facilities and the
amended and restated securitization facility were put in place to provide the Debtors with operating liquidity during the Chapter 11
Cases, as described below.</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif"><i>Additional
Information on the Chapter 11 Cases</i></span>. Court filings and information about the Chapter 11 Cases can be found at a website maintained
by the Company&#8217;s claims agent, Kroll Inc., at https://restructuring.ra.kroll.com/trinseo, or by contacting Kroll Inc. at (888) 401-9681
(toll-free) and (332) 232-3252 (international). Additional information regarding the restructuring is available at www.StrengtheningTrinseo.com.
The documents and other information available via these websites are not part of this Current Report and shall not be deemed incorporated
herein. The Company intends to use these websites, in addition to its investor relations website, press releases, SEC filings and other
public communications, as a means of disclosing certain material, non-public information and complying with certain applicable disclosure
obligations.</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 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"><b><i>OpCo DIP Credit Agreement</i></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-indent: 0.5in">On May&#160;28, 2026, Trinseo Luxco S.&#224;
r.l., as holdings, Trinseo Holding S.&#224; r.l. and Trinseo Materials Finance,&#160;Inc. (together, the &#8220;<span style="text-decoration: underline">OpCo Borrowers</span>&#8221;),
as borrowers, the guarantors party thereto from time to time, the lenders party thereto from time to time (the &#8220;<span style="text-decoration: underline">OpCo DIP Lenders</span>&#8221;),
and Deutsche Bank AG New York Branch, as administrative agent and collateral agent, entered into a Senior Secured Super-Priority Debtor-In-Possession
Credit Agreement (the &#8220;<span style="text-decoration: underline">OpCo DIP Credit Agreement</span>&#8221;), providing for a senior secured super-priority priming term loan
debtor-in-possession credit facility in an aggregate principal amount of $270.0 million (the &#8220;<span style="text-decoration: underline">OpCo DIP Facility</span>&#8221;).</p>

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

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

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

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.75in"/><td style="width: 0.25in"><span style="font-family: Symbol">&#183;</span></td><td>new money term loan commitments in an aggregate principal amount of $90.0 million, of which $60.0 million was drawn in a single borrowing on the closing date; and</td></tr></table>

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

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


<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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.75in"/><td style="width: 0.25in"><span style="font-family: Symbol">&#183;</span></td><td>a roll-up facility pursuant to which up to $180.0 million of aggregate principal amount of prepetition super-priority revolving loan
obligations (including accrued and unpaid interest thereon), held by the OpCo DIP Lenders will be deemed &#8220;rolled up&#8221; and converted
into term loans under the OpCo DIP Facility consisting of roll-up term loans (2026 bridge) and roll-up term loans (rev), on a cashless
basis at a ratio of two dollars of roll-up term loans for every one dollar of new money commitments funded.</td></tr></table>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Approximately $34.0 million of undrawn letters
of credit outstanding as of the closing date were deemed issued under the OpCo DIP Credit Agreement at closing. Any drawings under such
letters of credit will be deemed to be an additional borrowing of roll-up term loans that increases the outstanding principal amount of
roll-up term loans (rev) under the OpCo DIP Facility by a corresponding amount.</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-indent: 0.5in">The new money term loans under the OpCo DIP Facility
bear interest at a rate per annum equal to SOFR (subject to a floor of 3.00%) plus 9.00%, payable in cash. The roll-up term loans (2026
bridge) bear interest at a rate per annum equal to SOFR (subject to a floor of 3.00%) plus 9.00%, payable in cash. The roll-up term loans
(rev) under the OpCo DIP Facility bear interest at a rate per annum equal to SOFR (subject to a floor of 0.00%) plus 2.25%, payable in
cash.</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-indent: 0.5in">The OpCo DIP Facility is subject to a commitment
fee, which was paid in kind in full at closing, and a put option premium, which is payable in kind on each date that new money term loans
are funded.</p>

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

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

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The OpCo DIP Facility matures on the earliest to
occur of:</p>

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

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.75in"/><td style="width: 0.25in"><span style="font-family: Symbol">&#183;</span></td><td>May&#160;28, 2027,</td></tr></table>

<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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.75in"/><td style="width: 0.25in"><span style="font-family: Symbol">&#183;</span></td><td>the effective date of a chapter 11 plan,</td></tr></table>

<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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.75in"/><td style="width: 0.25in"><span style="font-family: Symbol">&#183;</span></td><td>the acceleration of the outstanding term loans and termination of commitments,</td></tr></table>

<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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.75in"/><td style="width: 0.25in"><span style="font-family: Symbol">&#183;</span></td><td>certain other customary events set forth in the OpCo DIP Credit Agreement, and</td></tr></table>

<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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.75in"/><td style="width: 0.25in"><span style="font-family: Symbol">&#183;</span></td><td>the closing of a sale of all or substantially all assets or equity of the loan parties (other than to another loan party).</td></tr></table>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The OpCo DIP Facility is subject to a minimum liquidity covenant requiring
liquidity of not less than $100.0 million, tested weekly, and a disbursements variance covenant requiring total actual operating disbursements
not to exceed total budgeted operating disbursements (subject to certain exceptions) by more than 17.5% over applicable testing periods.
The Chapter 11 Cases are also subject to certain milestones, including deadlines for entry of the final DIP order and confirmation of
the Plan.</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-indent: 0.5in">The proceeds of the OpCo DIP Facility may be used
to:</p>

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

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.75in"/><td style="width: 0.25in"><span style="font-family: Symbol">&#183;</span></td><td>roll up amounts outstanding under the prepetition revolving loan obligations,</td></tr></table>

<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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.75in"/><td style="width: 0.25in"><span style="font-family: Symbol">&#183;</span></td><td>make adequate protection payments,</td></tr></table>

<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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.75in"/><td style="width: 0.25in"><span style="font-family: Symbol">&#183;</span></td><td>pay the fees, expenses, and administrative costs of the Chapter 11 Cases,</td></tr></table>

<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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.75in"/><td style="width: 0.25in"><span style="font-family: Symbol">&#183;</span></td><td>pay obligations arising from or related to the carve-out,</td></tr></table>

<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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.75in"/><td style="width: 0.25in"><span style="font-family: Symbol">&#183;</span></td><td>pay prepetition obligations as approved by the Bankruptcy Court, and</td></tr></table>

<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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.75in"/><td style="width: 0.25in"><span style="font-family: Symbol">&#183;</span></td><td>fund working capital and other general corporate needs and purposes of the OpCo Borrowers and certain of their affiliates, in each
case in accordance with the OpCo DIP Credit Agreement and the applicable debtor-in-possession orders of the Bankruptcy Court (the &#8220;<span style="text-decoration: underline">DIP
Orders</span>&#8221;), including an approved budget, subject to permitted variances.</td></tr></table>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The obligations under the OpCo DIP Facility are
guaranteed by each guarantor party thereto and secured by liens on substantially all assets of the OpCo Borrowers and guarantors, subject
to certain exceptions, and constitute super-priority administrative expense claims under section 364(c)&#160;of the Bankruptcy Code. The
OpCo DIP Credit Agreement contains representations and warranties, affirmative and negative covenants, and events of default customary
for debtor-in-possession financings of this type.</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><i>Super-Holdco DIP Credit Agreement</i></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-indent: 0.5in">On May&#160;28, 2026, the Company, as parent, Trinseo
NA Finance LLC, as holdings, Trinseo Luxco Finance SPV S.&#224; r.l. and Trinseo NA Finance SPV LLC (together, the &#8220;<span style="text-decoration: underline">SHC Borrowers</span>&#8221;),
as borrowers, the guarantors party thereto from time to time, the lenders party thereto from time to time (the &#8220;<span style="text-decoration: underline">SHC DIP Lenders</span>&#8221;),
and Alter Domus (US) LLC, as administrative agent and collateral agent, entered into a Senior Secured Super-Priority Debtor-In-Possession
HoldCo Credit Agreement (the &#8220;<span style="text-decoration: underline">Super-Holdco DIP Credit Agreement</span>&#8221;), providing for a senior secured super-priority priming
term loan debtor-in-possession credit facility in an aggregate principal amount of $157.5 million (the &#8220;<span style="text-decoration: underline">Super-Holdco DIP Facility</span>&#8221;).</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Super-Holdco DIP Facility consists of:</p>

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

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.75in"/><td style="width: 0.25in"><span style="font-family: Symbol">&#183;</span></td><td>new money term loan
                                            commitments in an aggregate principal amount of $52.5 million, of which $35.0 million
                                            was drawn in a single borrowing on the closing date; and</td></tr></table>

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


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


<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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.75in"/><td style="width: 0.25in"><span style="font-family: Symbol">&#183;</span></td><td>a roll-up facility pursuant to which $105.0 million of aggregate principal amount of prepetition first lien term loan obligations
(including accrued and unpaid interest thereon) held by the SHC DIP Lenders will be deemed &#8220;rolled up&#8221; and converted into
term loans under the Super-Holdco DIP Facility, on a cashless basis at a ratio of two dollars of roll-up term loans for every one dollar
of new money commitments funded.</td></tr></table>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The new money term loans under the Super-Holdco
DIP Facility bear interest at a rate per annum equal to SOFR (subject to a floor of 3.00%) plus 9.00%, payable in cash. The roll-up term
loans under the Super-Holdco DIP Facility bear interest at a rate per annum equal to SOFR (subject to a floor of 3.00%) plus 8.50%, payable
in cash.</p>

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

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

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Super-Holdco DIP Facility is subject to a commitment
fee, which was paid in kind in full at closing, and a put option premium, which is payable in kind on each date that new money term loans
are funded.</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Super-Holdco DIP Facility matures on the earliest
to occur of:</p>

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

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.75in"/><td style="width: 0.25in"><span style="font-family: Symbol">&#183;</span></td><td>May&#160;28, 2027,</td></tr></table>

<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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.75in"/><td style="width: 0.25in"><span style="font-family: Symbol">&#183;</span></td><td>the effective date of a chapter 11 plan,</td></tr></table>

<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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.75in"/><td style="width: 0.25in"><span style="font-family: Symbol">&#183;</span></td><td>the acceleration of the outstanding term loans and termination of commitments,</td></tr></table>

<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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.75in"/><td style="width: 0.25in"><span style="font-family: Symbol">&#183;</span></td><td>certain other customary events set forth in the Super-Holdco DIP Credit Agreement, and</td></tr></table>

<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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.75in"/><td style="width: 0.25in"><span style="font-family: Symbol">&#183;</span></td><td>the closing of a sale of all or substantially all assets or equity of the loan parties (other than to another loan party).</td></tr></table>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Super-Holdco DIP Facility is subject to a minimum liquidity covenant
requiring liquidity of not less than $25.0 million, tested weekly, and a disbursements variance covenant requiring total actual operating
disbursements not to exceed total budgeted operating disbursements (subject to certain exceptions) by more than 17.5% over applicable
testing periods. The Chapter 11 Cases are also subject to certain milestones, including deadlines for entry of the final DIP order and
confirmation of the Plan.</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-indent: 0.5in">The proceeds of the Super-Holdco DIP Facility may
be used to:</p>

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

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.75in"/><td style="width: 0.25in"><span style="font-family: Symbol">&#183;</span></td><td>roll up amounts outstanding under the prepetition first lien secured obligations,</td></tr></table>

<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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.75in"/><td style="width: 0.25in"><span style="font-family: Symbol">&#183;</span></td><td>make adequate protection payments,</td></tr></table>

<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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.75in"/><td style="width: 0.25in"><span style="font-family: Symbol">&#183;</span></td><td>pay the fees, expenses, and administrative costs of the Chapter 11 Cases,</td></tr></table>

<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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.75in"/><td style="width: 0.25in"><span style="font-family: Symbol">&#183;</span></td><td>pay obligations arising from or related to the carve-out,</td></tr></table>

<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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.75in"/><td style="width: 0.25in"><span style="font-family: Symbol">&#183;</span></td><td>pay prepetition obligations as approved by the Bankruptcy Court, and</td></tr></table>

<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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.75in"/><td style="width: 0.25in"><span style="font-family: Symbol">&#183;</span></td><td>fund working capital and other general corporate needs and purposes of the SHC Borrowers and certain of their affiliates, in each
case in accordance with the Super-Holdco DIP Credit Agreement and the applicable DIP Orders (including an approved budget, subject to
permitted variances).</td></tr></table>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The obligations under the Super-Holdco DIP Facility
are guaranteed by each guarantor party thereto and secured by liens on substantially all assets of the SHC Borrowers and guarantors, subject
to certain exceptions, and constitute super-priority administrative expense claims under section 364(c)&#160;of the Bankruptcy Code. The
Super-Holdco DIP Credit Agreement contains representations and warranties, affirmative and negative covenants, and events of default customary
for debtor-in-possession financings of this type.</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-indent: 0.5in">The foregoing descriptions of the OpCo DIP Credit
Agreement and the Super-Holdco DIP Credit Agreement included in this Current Report on Form&#160;8-K do not purport to be complete and
are qualified in their entirety by reference to the complete terms of the OpCo DIP Credit Agreement and the Super-Holdco DIP Credit Agreement,
copies of which are attached hereto as Exhibit&#160;10.1 and Exhibit&#160;10.2, respectively, and which are incorporated herein by reference.</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><i>Accounts Receivable Securitization Facility</i></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-indent: 0.5in">In connection with the Chapter 11 Cases and the
DIP Facilities, on May&#160;29, 2026, Styron Receivables Funding Designated Activity Company, a company incorporated in Ireland (the &#8220;<span style="text-decoration: underline">AR
Borrower</span>&#8221;), Trinseo Ireland Global IHB Limited, as investment manager, the lenders party thereto, GLAS USA LLC, as administrative
agent, and GLAS Americas LLC, as collateral agent, entered into an Amendment and Restatement Agreement (the &#8220;<span style="text-decoration: underline">Amendment and Restatement
Agreement</span>&#8221;), which amends and restates the Credit and Security Agreement, dated as of July&#160;18, 2024 (as amended and restated,
the &#8220;<span style="text-decoration: underline">AR Credit Agreement</span>&#8221;). The AR Credit Agreement provides for a non-recourse revolving credit facility in an aggregate
amount of up to $150.0 million (the &#8220;<span style="text-decoration: underline">AR Facility</span>&#8221;), collateralized by certain trade receivables generated by certain
of the Company&#8217;s Swiss, German, Dutch and U.S. subsidiaries (the &#8220;<span style="text-decoration: underline">Originators</span>&#8221;).</p>

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

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

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Advances under the AR Credit Agreement bear interest
at a rate per annum equal to Term SOFR (subject to a floor of 2.00%) plus 6.00%, payable in cash. The AR Facility incurs interest on a
minimum of $75,000,000 of advances irrespective of actual amounts outstanding. The AR Borrower is also required to pay an unused facility
fee on a portion of the unfunded revolving commitments, as well as ongoing agent fees and servicing fees.</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The AR Facility matures on the earliest to occur
of:</p>

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

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.75in"/><td style="width: 0.25in"><span style="font-family: Symbol">&#183;</span></td><td>May&#160;29, 2027,</td></tr></table>

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

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

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<td style="width: 0.75in"/><td style="width: 0.25in"><span style="font-family: Symbol">&#183;</span></td><td>the occurrence of an amortization event as set forth in the AR Credit Agreement.</td></tr></table>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The proceeds of the AR Facility may be used to:</p>

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

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.75in"/><td style="width: 0.25in"><span style="font-family: Symbol">&#183;</span></td><td>refinance the obligations under the existing credit and security agreement,</td></tr></table>

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

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

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and</td></tr></table>

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

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<td style="width: 0.75in"/><td style="width: 0.25in"><span style="font-family: Symbol">&#183;</span></td><td>repay the subordinated junior loan note.</td></tr></table>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The obligations under the AR Facility are secured
by a first-priority security interest in substantially all of the AR Borrower&#8217;s assets, including all pool receivables, related
security, collections, collection accounts and other transaction accounts, and all proceeds of any of the foregoing. The AR Credit Agreement
contains representations, warranties, affirmative and negative covenants, and amortization events customary for receivables securitization
facilities of this type, including but not limited to a cross-default to the Company&#8217;s and its subsidiaries&#8217; other material
indebtedness.</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-indent: 0.5in">As part of exit financing contemplated by the Plan, the Restructuring Support Agreement provides that, on the effective date of a chapter
11 plan, the AR Facility will be converted into, or refinanced by, an exit accounts receivable securitization facility on terms and conditions
to be agreed upon by the Debtors and the creditor parties.&#160;</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-indent: 0.5in">The foregoing description of the Amendment and
Restatement Agreement and the AR Credit Agreement included in this Current Report on Form&#160;8-K does not purport to be complete and
is qualified in its entirety by reference to the complete terms of the Amendment and Restatement Agreement (including the AR Credit Agreement
attached thereto as Exhibit&#160;A), a copy of which is attached hereto as Exhibit&#160;10.3, and which is incorporated herein by reference.</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 2.03 Creation of a Direct Financial Obligation or an Obligation
under an Off-Balance Sheet Arrangement of a Registrant.</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-indent: 0.5in">The information under Item 1.01 above is also responsive
to this Item 2.03 and is hereby incorporated by reference into this Item 2.03.</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Forward-Looking Statements</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-indent: 0.5in">This Current Report on Form&#160;8-K contains
forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about
the DIP Facilities, the AR Facility, the Restructuring Transactions, the Chapter 11 Cases, the Plan, debtor-in-possession financing,
accounts receivable securitization financing, the Company&#8217;s financial position, and the Company&#8217;s ability to continue
operating in the ordinary course. These forward-looking statements are based upon current expectations and involve risks and
uncertainties, including the Company&#8217;s ability to consummate the Restructuring Transactions on the terms contemplated by the
Restructuring Support Agreement and the term sheet attached thereto or at all; negotiate, execute and perform definitive documents;
obtain entry of the final DIP Orders and Bankruptcy Court confirmation of the Plan; obtain and consummate exit financing; satisfy or
waive conditions to the effective date of the Plan, including any required governmental or regulatory approvals and Irish law
implementation steps; satisfy borrowing base and other conditions to continued availability under the AR Facility; maintain the AR
Facility and the related receivables securitization structure during the Chapter 11 Cases; and manage its business during the
Chapter 11 Cases. Additional information and key risks applicable to these statements are described in the Company&#8217;s Annual
Report on Form&#160;10-K, under Part&#160;I,&#160;Item 1A &#8212; &#8220;Risk Factors,&#8221; and elsewhere in the Company&#8217;s
other reports, filings and furnishings made with the U.S. Securities and Exchange Commission from time to time. All forward-looking
statements in this Current Report on Form&#160;8-K are qualified by these cautionary statements, and actual results or developments
may differ materially from those in these forward-looking statements. The Company assumes no obligation to publicly update or revise
any forward-looking statements, except as required by law.</p>

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

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

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif"><b>Item 9.01
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">(d)&#160;<i>Exhibits</i>.</p>

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

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    <td style="width: 11%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline">Exhibit&#160;No.</span></span></td>
    <td style="width: 89%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline">Description</span></span></td></tr>
  <tr style="vertical-align: top">
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  <tr style="vertical-align: top">
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    <td><a href="tm2615985d1_ex10-1.htm" style="-sec-extract: exhibit"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Senior Secured Super-Priority Debtor-In-Possession Credit Agreement, dated as of May&#160;28, 2026, by and among Trinseo Luxco S.&#224; r.l., as holdings, Trinseo Holding S.&#224; r.l. and Trinseo Materials Finance,&#160;Inc., as borrowers, the guarantors party thereto from time to time, the lenders party thereto from time to time, and Deutsche Bank AG New York Branch, as administrative agent and collateral agent </span></a></td></tr>
  <tr style="vertical-align: top">
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  <tr style="vertical-align: top">
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    <td><a href="tm2615985d1_ex10-2.htm" style="-sec-extract: exhibit"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Senior Secured Super-Priority Debtor-In-Possession HoldCo Credit Agreement, dated as of May&#160;28, 2026, by and among Trinseo PLC, as parent, Trinseo NA Finance LLC, as holdings, Trinseo Luxco Finance SPV S.&#224; r.l. and Trinseo NA Finance SPV LLC, as borrowers, the guarantors party thereto from time to time, the lenders party thereto from time to time, and Alter Domus (US) LLC, as administrative agent and collateral agent</span></a></td></tr>
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  <tr style="vertical-align: top">
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  <tr style="vertical-align: top">
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

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

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

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

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

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

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

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

<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Exhibit&#8239;10.1</P>

<P STYLE="font: 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">SENIOR SECURED SUPER-PRIORITY DEBTOR-IN-POSSESSION
CREDIT AGREEMENT</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Dated as of May&#8239;28, 2026</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">TRINSEO LUXCO S.&Agrave; R.L.,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">as Holdings and as Debtor and Debtor-in-Possession,</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">TRINSEO HOLDING S.&Agrave; R.L.,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">as the Lead Borrower and as a Debtor and Debtor-in-Possession,</P>

<P STYLE="font: 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">TRINSEO MATERIALS FINANCE,&#8239;INC.,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">as the Co-Borrower and as a Debtor and Debtor-in-Possession,</P>

<P STYLE="font: 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">THE GUARANTORS PARTY HERETO FROM TIME TO TIME,</P>

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

<P STYLE="font: 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">THE LENDERS PARTY HERETO 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-align: center">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-align: center">DEUTSCHE BANK AG NEW YORK BRANCH,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">as Administrative Agent and Collateral 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"><U>Table of Contents</U></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 13%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD STYLE="width: 82%">&#8239;</TD>
    <TD STYLE="width: 5%; 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>&#8239;</TD>
    <TD>&#8239;</TD>
    <TD STYLE="text-align: right">&#8239;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Article I Definitions and Accounting Terms</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">2</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 1.01</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Defined Terms</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 1.02</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Luxembourg Terms</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">44</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 1.03</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Swedish Terms</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">45</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 1.04</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other Interpretive Provisions</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">46</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 1.05</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accounting Terms</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">47</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 1.06</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Rounding</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">47</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 1.07</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">References to Agreements, Laws, Etc.</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">47</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 1.08</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Times of Day</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">47</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 1.09</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Timing of Payment of Performance</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">47</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 1.10</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pro Forma Calculations</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">48</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 1.11</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Currency Equivalents</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">48</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 1.12</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[Reserved]</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">48</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 1.13</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cashless Settlement</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">48</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 1.14</FONT></TD>
    <TD></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">49</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 1.15</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Rates</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">49</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 1.16</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Finnish Provisions</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">49</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 1.17</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cashless Roll</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">50</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&#8239;</TD>
    <TD>&#8239;</TD>
    <TD STYLE="text-align: right">&#8239;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Article II The Commitments and Credit Extensions</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">50</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 2.01</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Term Loans</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">50</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 2.02</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Borrowings, Conversions and Continuations</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">52</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 2.03</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Letters of Credit</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">53</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 2.04</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[Reserved]</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">58</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 2.05</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Prepayments</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">58</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 2.06</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reduction of Commitments</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">61</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 2.07</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Repayment of Loans</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">61</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 2.08</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Interest</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">61</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 2.09</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Payments</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">62</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 2.10</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Computation of Interest and Fees</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">63</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 2.11</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Evidence of Indebtedness</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">63</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 2.12</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Payments Generally</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">63</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 2.13</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sharing of Payments</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">65</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 2.14</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[Reserved]</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">66</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 2.15</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[Reserved]</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">66</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 2.16</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[Reserved]</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">66</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 2.17</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[Reserved]</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">66</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 2.18</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[Reserved]</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">66</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 2.19</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Defaulting Lenders</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">66</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 2.20</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Borrower Obligations Joint and Several</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">67</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&#8239;</TD>
    <TD>&#8239;</TD>
    <TD STYLE="text-align: right">&#8239;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Article III Taxes, Increased Costs Protection and Illegality</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">68</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 3.01</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Taxes</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">68</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 3.02</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Illegality</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">72</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 3.03</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Inability to Determine Rates</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">72</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 3.04</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Increased Cost and Reduced Return; Capital Adequacy; Reserves on Benchmark Rate Loans</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">73</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 3.05</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[Reserved]</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">74</FONT></TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 13%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 3.06</FONT></TD>
    <TD STYLE="width: 82%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Matters Applicable to All Requests for Compensation</FONT></TD>
    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">74</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 3.07</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Replacement of Lenders under Certain Circumstances</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">75</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 3.08</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Survival</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">76</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&#8239;</TD>
    <TD>&#8239;</TD>
    <TD STYLE="text-align: right">&#8239;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Article IV Conditions Precedent to Credit Extensions</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">77</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&#8239;</TD>
    <TD>&#8239;</TD>
    <TD STYLE="text-align: right">&#8239;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 4.01</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">First Credit Event</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">77</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 4.02</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">All Credit Events</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">79</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&#8239;</TD>
    <TD>&#8239;</TD>
    <TD STYLE="text-align: right">&#8239;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Article V Representations and Warranties</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">80</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 5.01</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Existence, Qualification and Power; Compliance with Laws</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">80</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 5.02</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Authorization; No Contravention</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">80</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 5.03</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Governmental Authorization; Other Consents</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">81</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 5.04</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Binding Effect</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">81</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 5.05</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial Statements; No Material Adverse Effect</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">81</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 5.06</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Litigation</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">82</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 5.07</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ownership of Property; Liens</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">82</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 5.08</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Environmental Matters</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">82</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 5.09</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Taxes</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">82</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 5.10</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ERISA Compliance</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">83</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 5.11</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Subsidiaries; Equity Interests</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">83</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 5.12</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Margin Regulations; Investment Company Act</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">83</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 5.13</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Disclosure</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">84</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 5.14</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Labor Matters</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">84</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 5.15</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Intellectual Property; Licenses, Etc.</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">84</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 5.16</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[Reserved]</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">84</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 5.17</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Subordination of Junior Financing</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">84</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 5.18</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Collateral Documents</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">85</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 5.19</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Centre of Main Interest</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">85</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 5.20</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pensions Act</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">85</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 5.21</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Commercial Benefit</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">85</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 5.22</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">USA Patriot Act, Anti-Corruption Laws, Anti-Money Laundering Laws and Sanctions</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">85</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 5.23</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Luxembourg Specific Representations</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">86</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 5.24</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Budget; Variance Report</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">86</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 5.25</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Orders</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">87</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 5.26</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Bankruptcy Matters</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">87</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&#8239;</TD>
    <TD>&#8239;</TD>
    <TD STYLE="text-align: right">&#8239;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Article VI Affirmative Covenants</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">87</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 6.01</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial Statements</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">87</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 6.02</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certificates; Other Information</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">88</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 6.03</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Notices</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">88</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 6.04</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Payment of Taxes</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">89</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 6.05</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Preservation of Existence, Etc.</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">89</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 6.06</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Maintenance of Properties</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">89</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 6.07</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Maintenance of Insurance</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">89</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 6.08</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Compliance with Laws</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">90</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 6.09</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Books and Records</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">90</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 6.10</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Inspection Rights</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">90</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 6.11</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Additional Collateral; Additional Guarantors</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">91</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 6.12</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Compliance with Environmental Laws</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">91</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 6.13</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[Reserved]</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">91</FONT></TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 13%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 6.14</FONT></TD>
    <TD STYLE="width: 82%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Further Assurances</FONT></TD>
    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">91</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 6.15</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[Reserved]</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">91</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 6.16</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[Reserved]</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">91</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 6.17</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Use of Proceeds</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">91</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 6.18</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Post-Closing Actions</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">92</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 6.19</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Compliance with Anti-Corruption Laws</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">92</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 6.20</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Liquidity</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">92</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 6.21</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Lender Calls</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">92</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 6.22</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Budget and Variance Reporting</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">92</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 6.23</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Milestones</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">93</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 6.24</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Bankruptcy Related Matters</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">93</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&#8239;</TD>
    <TD>&#8239;</TD>
    <TD STYLE="text-align: right">&#8239;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Article VII Negative Covenants</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">94</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 7.01</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Liens</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">94</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 7.02</FONT></TD>
    <TD></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">98</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 7.03</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Indebtedness</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">98</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 7.04</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fundamental Changes</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">102</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 7.05</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dispositions</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">102</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 7.06</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Restricted Payments</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">104</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 7.07</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Change in Nature of Business</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">104</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 7.08</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Transactions with Affiliates</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">105</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 7.09</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Burdensome Agreements</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">106</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 7.10</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[Reserved]</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">107</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 7.11</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Prepetition Super HoldCo Credit Agreement</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">107</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 7.12</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accounting Changes</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">107</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 7.13</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Prepayments, Etc. of Indebtedness</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">107</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 7.14</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Permitted Activities</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">108</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 7.15</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">New Subsidiaries</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">109</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 7.16</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Permitted Variance; Liquidity</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">109</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 7.17</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chapter 11 Cases</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">109</FONT></TD></TR>
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    <TD>&#8239;</TD>
    <TD>&#8239;</TD>
    <TD STYLE="text-align: right">&#8239;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Article VIII Events of Default and Remedies</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">110</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 8.01</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Events of Default</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">110</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 8.02</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Remedies Upon Event of Default</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">116</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 8.03</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Application of Funds</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">116</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&#8239;</TD>
    <TD>&#8239;</TD>
    <TD STYLE="text-align: right">&#8239;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Article IX Administrative Agent and Other Agents</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">117</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 9.01</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Appointment and Authorization of Agents</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">117</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 9.02</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Delegation of Duties</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">121</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 9.03</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Liability of Agents</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">121</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 9.04</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reliance by Agents</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">121</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 9.05</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Notice of Default</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">121</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 9.06</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Credit Decision; Disclosure of Information by Agents</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">122</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 9.07</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Indemnification of Agents</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">122</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 9.08</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Agents in their Individual Capacities</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">123</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 9.09</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Successor Agents</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">123</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 9.10</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Administrative Agent May File Proofs of Claim</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">124</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 9.11</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Collateral and Guaranty Matters</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">125</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 9.12</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[Reserved]</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">126</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 9.13</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Appointment of Supplemental Agents</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">126</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 9.14</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[Reserved]</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">127</FONT></TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 13%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 9.15</FONT></TD>
    <TD STYLE="width: 82%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Parallel Debt owed to Collateral Agent</FONT></TD>
    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">127</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&#8239;</TD>
    <TD>&#8239;</TD>
    <TD STYLE="text-align: right">&#8239;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Article X Miscellaneous</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">127</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 10.01</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amendments, Etc.</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">127</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 10.02</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Notices and Other Communications; Facsimile Copies</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">129</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 10.03</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No Waiver; Cumulative Remedies</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">130</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 10.04</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attorney Costs and Expenses</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">131</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 10.05</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Indemnification</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">132</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 10.06</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Payments Set Aside</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">132</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 10.07</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Successors and Assigns</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">133</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 10.08</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Confidentiality</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">137</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 10.09</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Setoff</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">138</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 10.10</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Interest Rate Limitation</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">138</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 10.11</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Counterparts</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">139</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 10.12</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Integration</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">139</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 10.13</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Survival of Representations and Warranties</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">139</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 10.14</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Severability</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">139</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 10.15</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">GOVERNING LAW</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">139</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 10.16</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WAIVER OF RIGHT TO TRIAL BY JURY</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">141</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 10.17</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Binding Effect</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">141</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 10.18</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">USA Patriot Act</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">141</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 10.19</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No Advisory or Fiduciary Responsibility</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">141</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 10.20</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Judgment Currency</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">142</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 10.21</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain Undertakings with Respect to any Securitization Subsidiary</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">143</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 10.22</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Order Control</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">143</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 10.23</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain ERISA Matters</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">143</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&#8239;</TD>
    <TD>&#8239;</TD>
    <TD STYLE="text-align: right">&#8239;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Article XI Guarantee</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">145</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 11.01</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Guarantee</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">145</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 11.02</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Obligations Unconditional</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">146</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 11.03</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reinstatement</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">147</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 11.04</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Subrogation; Subordination</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">147</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 11.05</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Remedies</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">147</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 11.06</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Instrument for the Payment of Money</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">147</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 11.07</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Continuing Guarantee</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">147</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 11.08</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">General Limitation on Guarantee Obligations</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">147</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 11.09</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Specific Limitation for Swiss Guarantors</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">147</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 11.10</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[Reserved]</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">149</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 11.11</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[Reserved]</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">149</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 11.12</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Specific Limitation for Luxembourg Guarantors</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">149</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 11.13</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Specific Limitation for Irish Guarantors</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">150</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 11.14</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Release of Guarantors</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">151</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 11.15</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Right of Contribution</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">151</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 11.16</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Keepwell</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">151</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 11.17</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain Dutch Guarantors</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">151</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 11.18</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Specific Limitations for Swedish Guarantors.</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">152</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 11.19</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Acknowledgment and Consent to Bail-In of Affected Financial Institutions</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">152</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 11.20</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Specific Limitations for Finnish Guarantors</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">153</FONT></TD></TR>
  </TABLE>
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    <TD STYLE="width: 15%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>SCHEDULES</U></FONT></TD>
    <TD STYLE="width: 5%">&#8239;</TD>
    <TD STYLE="width: 80%">&#8239;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&#8239;</TD>
    <TD>&#8239;</TD>
    <TD>&#8239;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 1.01A</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">--</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Commitments</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 1.01B</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">--</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">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 1.01D</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">--</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Loan Parties</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 1.01E</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">--</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Existing Investments</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 1.01F(a)</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">--</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[Reserved]</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 1.01F(b)</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">--</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[Reserved]</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 1.01G</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">--</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Milestones</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 2.14</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">--</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[Reserved]</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 4.01(b)</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">--</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[Reserved]</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 5.07</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">--</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ownership of Property</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 5.08(a)</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">--</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Environmental Matters</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 5.11</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">--</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Subsidiaries; Equity Interests</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 6.18</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">--</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Post-Closing Actions</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 7.01(b)</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">--</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Existing Liens</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 7.03(b)</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">--</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Existing Indebtedness</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 7.08</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">--</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">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 7.09</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">--</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain Contractual Obligations</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 10.02</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">--</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Notices and Other Communications</FONT></TD></TR>
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    <TD STYLE="width: 80%">&#8239;</TD></TR>
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    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Form of</I></FONT></TD>
    <TD>&#8239;</TD>
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    <TD>&#8239;</TD>
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    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit A</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">--</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Committed Loan Notice</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit B</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">--</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[Reserved]</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit C-1</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">--</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Term Note</FONT></TD></TR>
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    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit D</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">--</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[Reserved]</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit E</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">--</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Assignment and Assumption</FONT></TD></TR>
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    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit F</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">--</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pledge and Security Agreement</FONT></TD></TR>
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    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit G</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">--</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[Reserved]</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit H</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">--</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Guarantor Joinder</FONT></TD></TR>
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    <TD>&#8239;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Annex I</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Initial Budget</FONT> &#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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<P STYLE="font: 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>SENIOR SECURED SUPER-PRIORITY DEBTOR-IN-POSSESSION
CREDIT AGREEMENT</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: justify; text-indent: 0.5in">This SENIOR SECURED SUPER-PRIORITY
DEBTOR-IN-POSSESSION CREDIT AGREEMENT is entered into as of May&#8239;28, 2026, (as amended, supplemented and/or otherwise modified from
time to time in accordance with the terms hereof, this &ldquo;<U>Agreement</U>&rdquo;), among TRINSEO HOLDING S.&Agrave; R.L., a private
limited liability company (<I>soci&eacute;t&eacute; &agrave; responsabilit&eacute; limit&eacute;e</I>), organized and established under
the laws of the Grand Duchy of Luxembourg, having its registered office at 130, Boulevard de la P&eacute;trusse, L-2330 Luxembourg, Grand
Duchy of Luxembourg, registered with the Luxembourg Register of Commerce and Companies (&ldquo;<U>RCS</U>&rdquo;) under number B 153582
(&ldquo;<U>Trinseo SARL</U>&rdquo; or the &ldquo;<U>Lead Borrower</U>&rdquo;), as a debtor and debtor-in possession in the Chapter&#8239;11
Cases (as defined below), TRINSEO LUXCO S.&Agrave; R.L., a private limited liability company (<I>soci&eacute;t&eacute; &agrave; responsabilit&eacute;
limit&eacute;e</I>), organized and established under the laws of the Grand Duchy of Luxembourg, having its registered office at 130,
Boulevard de la P&eacute;trusse, L-2330 Luxembourg, Grand Duchy of Luxembourg, registered with the RCS under number B153577 (&ldquo;<U>Holdings</U>&rdquo;),
as a debtor and debtor-in possession in the Chapter&#8239;11 Cases (as defined below), TRINSEO MATERIALS FINANCE,&#8239;INC., a Delaware
corporation, as a debtor and debtor-in possession in the Chapter&#8239;11 Cases (as defined below) (the &ldquo;<U>Co-Borrower</U>&rdquo;,
together with the Lead Borrower, the &ldquo;<U>Borrowers</U>&rdquo; and each, a &ldquo;<U>Borrower</U>&rdquo;), the Guarantors party
hereto from time to time, as a debtor and debtor-in possession in the Chapter&#8239;11 Cases (as defined below), the Lenders party hereto
from time to time (collectively, the &ldquo;<U>Lenders</U>&rdquo; and individually, a &ldquo;<U>Lender</U>&rdquo;) and DEUTSCHE BANK
AG NEW YORK BRANCH, as Administrative Agent and Collateral 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>PRELIMINARY STATEMENTS</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: justify; text-indent: 0.5in">On May&#8239;26, 2026 (the
 &ldquo;<B>Petition Date</B>&rdquo;), Holdings and certain of its Affiliates, in their capacities as debtors and debtors in possession
(Holdings and such Affiliates, each as set forth under the heading &ldquo;OpCo Debtors&rdquo; on <U>Schedule 1.01D</U>, collectively,
the &ldquo;<B>OpCo Debtors</B>&rdquo;, and, each, an &ldquo;<B>OpCo Debtor</B>&rdquo;) filed voluntary petitions with the United States
Bankruptcy Court for the Southern District of Texas, Houston Division (the &ldquo;<B>Bankruptcy Court</B>&rdquo;) initiating their respective
jointly administered cases under Chapter&#8239;11 of the Bankruptcy Code (Case No.&#8239;26-90545) (collectively, the &ldquo;<B>Chapter&#8239;11
Cases</B>&rdquo;), and each OpCo Debtor has continued and is continuing in the possession of its assets and management of its business
pursuant to Sections&#8239;1107 and&#8239;1108 of the Bankruptcy 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-align: justify; text-indent: 0.5in">The Borrowers have requested
that Lenders provide the Borrowers with a senior secured super-priority priming term loan debtor-in-possession credit facility (the &ldquo;<B>DIP
Facility</B>&rdquo;), consisting of (a)&#8239;(i)&#8239;New Money Commitments funded by the Lenders on the Closing Date and (ii)&#8239;the
New Money Commitments funded by the Lenders after the Closing Date in accordance with the terms and conditions of this Agreement and
the DIP Orders, and (b)&#8239;Prepetition Superpriority Secured Obligations that will be deemed &ldquo;rolled up&rdquo; as term loans
hereunder at a ratio of two dollars of Roll-Up Term Loans for every one dollar of New Money Commitments funded by the Lenders, in each
case, pursuant to the terms, and subject to the conditions set forth, in this Agreement and the DIP Orders.</P>

<P STYLE="font: 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">The Lenders are willing to
make term loans to the Borrowers, subject to the terms and conditions set forth in this Agreement and the DIP Orders; 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-align: justify; text-indent: 0.5in">The Obligations of the Borrowers
are guaranteed by the Guarantors and, secured by Liens on the Collateral, in each case, as set forth in, and subject to, the Loan Documents
and the DIP Orders.</P>

<P STYLE="font: 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 consideration of the mutual
covenants and agreements herein contained, the parties hereto covenant and agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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"><FONT STYLE="text-transform: uppercase"><B>Article&#8239;I</B></FONT></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"><FONT STYLE="text-transform: uppercase"><B>Definitions
and Accounting Terms</B></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: justify; text-indent: 0.5in"><B>Section&#8239;1.01&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Defined
Terms</U></B>. As used in this Agreement, the following terms shall have the meanings set forth 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: 0.5in">&ldquo;<U>ACRA</U>&rdquo;
means the Accounting and Corporate Regulatory Authority of Singapore.</P>

<P STYLE="font: 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">&ldquo;<U>Ad Hoc Group</U>&rdquo;
means that certain ad hoc group of Prepetition Superpriority Lenders represented by Paul Hastings LLP and PJT Partners LP.</P>

<P STYLE="font: 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">&ldquo;<U>Ad Hoc Group&rsquo;s
Advisors</U>&rdquo; means, collectively, (i)&#8239;Paul Hastings, LLP, as counsel to the Ad Hoc Group, (ii)&#8239;PJT Partners LP, as financial
advisor to the Ad Hoc Group, in accordance with the terms of that certain fee letter effective as of April&#8239;20, 2026, and (iii)&#8239;subject
to prior written consent of the Lead Borrower (such consent not to be unreasonably withheld, conditioned or delayed), such other attorneys,
financial advisors or professionals retained by or on behalf of the Ad Hoc Group (including the retention of any such professionals made
by Paul Hastings).</P>

<P STYLE="font: 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">&ldquo;<U>Adequate Protection
Provisions</U>&rdquo; means the provisions in the Interim DIP Order or, once entered, in the Final DIP Order, granting adequate protection
to the Prepetition OpCo Secured Parties and Prepetition Superpriority 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-align: justify; text-indent: 0.5in">&ldquo;<U>Adjusted Term SOFR</U>&rdquo;
means, the rate per annum equal to (a)&#8239;Term SOFR for such calculation plus (b)&#8239;solely with respect to the Roll-Up Term Loans,
the Term SOFR Adjustment; <U>provided</U> that, in no event shall the Adjusted Term SOFR be less than the applicable Floor.</P>

<P STYLE="font: 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">&ldquo;<U>Administrative
Agent</U>&rdquo; means DBNY, in its capacity as administrative agent under any of the Loan Documents, or any successor 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">&ldquo;<U>Administrative
Agent&rsquo;s Office</U>&rdquo; means the Administrative Agent&rsquo;s address and account as set forth on <U>Schedule 10.02</U>, or
such other address or account as the Administrative Agent may from time to time notify the Lead Borrower and the Lenders.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Affected Financial
Institution</U>&rdquo; has the meaning set forth in <U>Section&#8239;11.19</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: justify; text-indent: 0.5in">&ldquo;<U>Affiliate</U>&rdquo;
means, with respect to any Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled
by or is under common Control with the Person specified.</P>

<P STYLE="font: 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">&ldquo;<U>Agent-Related Persons</U>&rdquo;
means the Agents, together with their respective Affiliates, and the officers, directors, employees, agents and attorneys-in-fact of
such Persons and Affiliates.</P>

<P STYLE="font: 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">&ldquo;<U>Agent Fee Letter</U>&rdquo;
means that certain fee letter, dated as of May&#8239;28, 2026, by and between the Borrowers and the Administrative Agent, as amended,
amended and restated, supplemented or otherwise modified 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-align: justify; text-indent: 0.5in">&ldquo;<U>Agents</U>&rdquo;
means, collectively, the Administrative Agent, the Collateral Agent and the Supplemental Agents (if any).</P>

<P STYLE="font: 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">&ldquo;<U>Aggregate Commitments</U>&rdquo;
means the New Money Commitments of all the Lenders.</P>

<P STYLE="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">&ldquo;<U>Agreement</U>&rdquo;
means this Credit Agreement, as the same may be amended, supplemented or otherwise modified 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-align: justify; text-indent: 0.5in">&ldquo;<U>Altuglas</U>&rdquo;
means Altuglas LLC, a Delaware limited liability 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: justify; text-indent: 0.5in">&ldquo;<U>AML Laws</U>&rdquo;
means the Bank Secrecy Act, as amended by the USA Patriot Act, and all laws, rules, and regulations of any jurisdiction in which any
Loan Party or any Subsidiary is located or is doing business from time to time concerning or relating to anti-money laundering and ensuring
that all sources of funding are lawful and identifiable.</P>

<P STYLE="font: 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">&ldquo;<U>Annual Financial
Statements</U>&rdquo; means the audited consolidated balance sheets and related statements of comprehensive income, shareholders&rsquo;
equity and cash flows of Parent and its Subsidiaries for the fiscal years ended December&#8239;31, 2025.</P>

<P STYLE="font: 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">&ldquo;<U>Anti-Corruption
Laws</U>&rdquo; means all laws, rules, and regulations of any jurisdiction from time to time concerning or relating to bribery or corruption
applicable to Holdings or its Subsidiaries by virtue of such Person being organized or operating in such 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-align: justify; text-indent: 0.5in">&ldquo;<U>Applicable Margin</U>&rdquo;
means a percentage per annum equal 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; text-align: justify; text-indent: 0.5in">(a)&#8239;with respect to
the New Money Term Loans maintained as: (i)&#8239;Base Rate Loans, 8.00% and (ii)&#8239;SOFR Rate Loans, 9.00%; 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-align: justify; text-indent: 0.5in">(b)&#8239;with respect to
Roll-Up Term Loans (2026 Bridge) maintained as: (i)&#8239;Base Rate Loans, 8.00% and (ii)&#8239;SOFR Rate Loans, 9.00%; 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-align: justify; text-indent: 0.5in">(c)&#8239;with respect to
Roll-Up Term Loans (Rev) maintained as: (i)&#8239;Base Rate Loans, 1.25% and (ii)&#8239;SOFR Rate Loans and Letter of Credit fees, 2.25%.</P>

<P STYLE="font: 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">&ldquo;<U>Applicable Period</U>&rdquo;
means, (i)&#8239;with respect to any Variance Report Deadline occurring on a Variance Covenant Test Date, the two-week period consisting
of the calendar week ending on the Sunday immediately preceding such Variance Report Deadline and (ii)&#8239;otherwise, the calendar week
immediately preceding such week, in each case, as set forth in the then-current Approved Budget.</P>

<P STYLE="font: 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">&ldquo;<U>Appropriate Lender</U>&rdquo;
means (a)&#8239;at any time with respect to Loans of any Class, the Lenders of such Class, and (b)&#8239;with respect to Letters of Credit,
the relevant L/C Issuers.</P>

<P STYLE="font: 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">&ldquo;<U>Approved Bank</U>&rdquo;
has the meaning set forth in clause&#8239;(c)&#8239;of the definition of &ldquo;<U>Cash Equivalents</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: 0.5in">&ldquo;<U>Approved Fund</U>&rdquo;
means any Fund that is administered, advised or managed by (a)&#8239;a Lender, (b)&#8239;an Affiliate of a Lender or (c)&#8239;an entity
or an Affiliate of an entity that administers, advises or manages 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-align: justify; text-indent: 0.5in">&ldquo;<U>Aristech</U>&rdquo;
means Aristech Surfaces LLC, a Kentucky limited liability 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: justify; text-indent: 0.5in">&ldquo;<U>Aristech and Altuglas
IP</U>&rdquo; means any IP Rights necessary to operate the businesses of Aristech and Altuglas as set forth on Schedule 5.15 of the Prepetition
Superpriority 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">&ldquo;<U>Aristech and Altuglas
License Agreements</U>&rdquo; means (a)&#8239;the Amended and Restated Technology License Agreement, dated January&#8239;1, 2022, entered
into between Trinseo Europe, as licensor, and Altuglas, as licensee, with respect to the use of IP Rights that are necessary to operate
the businesses of Altuglas, and (b)&#8239;the Technology License Agreement, dated September&#8239;1, 2021, entered into between Trinseo
Europe, as licensor, and Aristech, as licensee, with respect to the use of IP Rights that are necessary to operate the businesses of
Aristech.</P>

<P STYLE="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">&ldquo;<U>ASIC</U>&rdquo;
means the Australian Securities and Investments Commission.</P>

<P STYLE="font: 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">&ldquo;<U>Assignees</U>&rdquo;
has the meaning set forth in <U>Section&#8239;10.07(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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Assignment and
Assumption</U>&rdquo; shall mean an assignment and assumption entered into by a Lender and an assignee (with the consent of any party
whose consent is required by <U>Section&#8239;10.07</U>), in the form of Exhibit&#8239;E or any other form approved by the Administrative
Agent and the Lead 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-align: justify; text-indent: 0.5in">&ldquo;<U>Associate</U>&rdquo;
means (i)&#8239;any Person of which the Lead Borrower or its Restricted Subsidiaries are the legal and beneficial owners of between 20%
and 50% of all outstanding voting Equity Interests and (ii)&#8239;any joint venture entered into by the Lead Borrower or any Restricted
Subsidiary of the Lead 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-align: justify; text-indent: 0.5in">&ldquo;<U>Attorney Costs</U>&rdquo;
means and includes all reasonable, documented fees, expenses and disbursements of any law firm or other external legal counsel required
to be reimbursed by any Loan Party pursuant to the terms of any 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-align: justify; text-indent: 0.5in">&ldquo;<U>Attributable Indebtedness</U>&rdquo;
means, on any date, in respect of any Capitalized Lease of any Person, the capitalized amount thereof that would appear on a balance
sheet of such Person prepared as of such date in accordance with GAAP.</P>

<P STYLE="font: 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">&ldquo;<U>Auditors</U>&rdquo;
means a firm of recognized international auditors.</P>

<P STYLE="font: 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">&ldquo;<U>Bail-In Action</U>&rdquo;
means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of
an EEA Financial Institution.</P>

<P STYLE="font: 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">&ldquo;<U>Bail-In Legislation</U>&rdquo;
means, with respect to any EEA Member Country implementing Article&#8239;55 of Directive 2014/59/EU of the European Parliament and of
the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In
Legislation Schedule.</P>

<P STYLE="font: 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">&ldquo;<U>Base Rate</U>&rdquo;
means for any day a fluctuating rate per annum equal to the highest of (a)&#8239;the Federal Funds Rate <U>plus</U> 1/2 of 1%, (b)&#8239;the
rate of interest in effect for such day as publicly announced from time to time by DBNY as its &ldquo;prime rate&rdquo; and (c)&#8239;the
applicable Benchmark Rate for an Interest Period of one month commencing on such day <U>plus</U> 1.00% per annum. The &ldquo;prime rate&rdquo;
is a rate set by DBNY based upon various factors including DBNY costs and desired return, general economic conditions and other factors,
and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate. Any change in such
rate announced by the Administrative Agent shall take effect at the opening of business on the day specified in the public announcement
of such change.</P>

<P STYLE="font: 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">&ldquo;<U>Base Rate Loan</U>&rdquo;
means a Loan that bears interest based on the Base 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-align: justify; text-indent: 0.5in">&ldquo;<U>Base Rate Term
SOFR Determination Day</U>&rdquo; has the meaning specified in the definition of &ldquo;Term SOFR&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: 0.5in">&ldquo;<U>Benchmark Rate</U>&rdquo;
means Adjusted Term SOFR.</P>

<P STYLE="font: 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">&ldquo;<U>Benchmark Rate
Loan</U>&rdquo; means a Loan that bears interest at a rate based on the Benchmark Rate whether denominated in Dollars.</P>

<P STYLE="font: 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">&ldquo;<U>Beneficial Ownership
Certification</U>&rdquo; means a certification regarding beneficial ownership as required by the Beneficial Ownership Regulation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Beneficiary</U>&rdquo;
has the meaning set forth in <U>Section&#8239;1.03(c)</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"></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">&ldquo;<U>Board of Directors</U>&rdquo;
means, for any Person, the board of directors, the general partner or other governing body of such Person or, if such Person does not
have such a board of directors, general partner or other governing body and is owned or managed by a single entity, the Board of Directors
or board of managers (<I>conseil de g&eacute;rance</I>) of such entity, or, in either case, any committee thereof duly authorized to
act on behalf of such Board of Directors. Unless otherwise provided, &ldquo;Board of Directors&rdquo; means the Board of Directors of
the Lead 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-align: justify; text-indent: 0.5in">&ldquo;<U>Borrower</U>&rdquo;
has the meaning provided in the introductory paragraph 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: 0.5in">&ldquo;<U>Borrower Retained
Prepayment Amounts</U>&rdquo; has the meaning set forth in <U>Section&#8239;2.05(b)(vii)</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: justify; text-indent: 0.5in">&ldquo;<U>Borrowing</U>&rdquo;
means a Term 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Business Day</U>&rdquo;
means any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the Laws of, or are
in fact closed in, Luxembourg or the State where the Administrative Agent&rsquo;s Office with respect to Loans denominated in Dollars
is located.</P>

<P STYLE="font: 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">&ldquo;<U>Calculation Date</U>&rdquo;
shall mean (a)&#8239;the first Business Day of each calendar month and (b)&#8239;if an Event of Default has occurred and is continuing,
any Business Day as determined by the Administrative Agent in its 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Capital Expenditures</U>&rdquo;
means, for any period, the aggregate of all expenditures (whether paid in cash or accrued as liabilities and including in all events
all amounts expended or capitalized under Capitalized Leases) by the Lead Borrower and its Restricted Subsidiaries during such period
that, in conformity with GAAP, are or are required to be included as capital expenditures on the consolidated statement of cash flows
of the Lead Borrower and its 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-align: justify; text-indent: 0.5in">&ldquo;<U>Capitalized Leases</U>&rdquo;
means all leases that have been or are required to be, in accordance with GAAP, recorded as capitalized leases; <U>provided</U> that
for all purposes hereunder the amount of obligations under any Capitalized Lease shall be the amount thereof accounted for as a liability
in accordance with 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Captive Insurance
Subsidiary</U>&rdquo; means any Subsidiary of the Lead Borrower that is subject to regulation as an insurance company (or any Subsidiary
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-align: justify; text-indent: 0.5in">&ldquo;<U>Carve-Out</U>&rdquo;
has the meaning assigned to such term in the Interim DIP Order (with respect to the period prior to the entry of the Final DIP Order)
or the Final DIP Order (from and after the date on which the Final DIP Order is 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Cash Collateral</U>&rdquo;
has the meaning specified in <U>Section&#8239;2.03(g)</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: justify; text-indent: 0.5in">&ldquo;<U>Cash Collateral
Account</U>&rdquo; means a blocked account at DBNY (or another commercial bank selected in compliance with <U>Section&#8239;9.09</U>)
in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established
in a manner 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: 0.5in">&ldquo;<U>Cash Collateralize</U>&rdquo;
has the meaning specified in Section&#8239;2.03(g).</P>

<P STYLE="font: 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">&ldquo;<U>Cash Equivalents</U>&rdquo;
means any of the following types of Investments:</P>

<P STYLE="font: 10pt 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: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;(i)&#8239;Dollars,
Pounds Sterling, Canadian Dollars or Euros; or (ii)&#8239;any other currency held by the Lead Borrower and its Restricted Subsidiaries
from time to time 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">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;readily
marketable obligations issued or directly and fully Guaranteed or insured by the United States or Canadian governments or, in each case,
any agency or instrumentality of thereof (<U>provided</U> that the full faith and credit of such country or such member state is pledged
in support thereof), having maturities of not more than 24 months from the date of 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-align: justify; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;certificates
of deposit, time deposits, eurodollar time deposits, overnight bank deposits or bankers&rsquo; acceptances issued by any (i)&#8239;Lender
or (ii)&#8239;(a)&#8239;commercial bank or trust company bank that is organized under the Laws of the United States, any state thereof
or the District of Columbia or is the principal banking Subsidiary of a bank holding company organized under the Laws of the United States,
any state thereof or the District of Columbia and is a member of the Federal Reserve System, and (b)&#8239;has combined capital and surplus
in excess of $100,000,000 (any such Persons referenced in the foregoing clauses&#8239;(i)&#8239;and (ii)&#8239;being an &ldquo;<U>Approved
Bank&rdquo;</U>), in each case with maturities not exceeding 24 months from the date of acquisition 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-align: justify; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;repurchase
obligations for underlying securities of the types described in clauses&#8239;(b)&#8239;and (c)&#8239;entered into with any Approved 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 0pt 0.5in; text-align: justify; text-indent: 0.5in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;commercial
paper and variable or fixed rate notes rated at the time of acquisition thereof at least &ldquo;A-2&rdquo; (or the equivalent thereof
by S&amp;P) or &ldquo;P-2&rdquo; (or the equivalent thereof by Moody&rsquo;s) or carrying an equivalent rating by a Nationally Recognized
Statistical Rating Organization (if both of the two named rating agencies cease publishing ratings of investments) or, if no rating is
available in respect of the commercial paper, the issuer of which has an equivalent rating in respect of its long-term debt, and in any
case maturing within 24 months after the date of acquisition 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-align: justify; text-indent: 0.5in">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;readily
marketable direct obligations issued by any state, commonwealth or territory of the United States of America, any province of Canada
or any other foreign government or any political subdivision or taxing authority thereof, in each case, having an investment grade rating
from either Moody&rsquo;s or S&amp;P (or, if at the time, neither is issuing comparable ratings, then a comparable rating of another
Nationally Recognized Statistical Rating Organization) with maturities of not more than 24 months from the date of 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-align: justify; text-indent: 0.5in">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;bills
of exchange issued in the United States or Canada eligible for rediscount at the relevant central bank and accepted by a bank (or any
dematerialized 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 0pt 0.5in; text-align: justify; text-indent: 0.5in">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Investments
with average maturities of 24 months or less from the date of acquisition in money market funds rated AAA&ndash; (or the equivalent thereof)
or better by S&amp;P or Aaa3 (or the equivalent thereof) or better by Moody&rsquo;s;</P>

<P STYLE="font: 10pt 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: 0.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;for
purposes of <U>Section&#8239;7.05(f)</U>, the marketable securities portfolio owned by the Lead Borrower and its Subsidiaries on the Closing
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: 0.5in">(j)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Investments,
classified in accordance with GAAP as current assets, in money market investment programs which are registered under the Investment Company
Act of 1940 or which are administered by financial institutions having capital of at least $100,000,000, and, in either case, the portfolios
of which are limited such that substantially all of such Investments are of the character, quality and maturity described in clauses&#8239;(a)&#8239;through
(h)&#8239;of this definition;</P>

<P STYLE="font: 10pt 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: 0.5in">(k)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;instruments
equivalent to those referred to in clauses&#8239;(a)&#8239;through (h)&#8239;above and clause&#8239;(j)&#8239;above denominated in Euros or
any other currency comparable in credit quality and tenor to those referred to above and customarily used by corporations for cash management
purposes in any jurisdiction outside the United States to the extent reasonably required in connection with any business conducted by
any Restricted Subsidiary organized in such jurisdiction; 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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(l)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
interest in any investment funds investing at least 90% of their assets in instruments of the type specified in clauses&#8239;(a)&#8239;through
(h)&#8239;above and clauses&#8239;(j)&#8239;and (k)&#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-align: justify; text-indent: 0.5in">&ldquo;<U>Cash Management
Obligations</U>&rdquo; means obligations owed by the Lead Borrower or any Restricted Subsidiary to any Lender or any Affiliate of a Lender
in respect of any overdraft and related liabilities arising from treasury, depository and cash management services or any automated clearing
house transfers of funds.</P>

<P STYLE="font: 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">&ldquo;<U>Cash Management
Practices</U>&rdquo; means (a)&#8239;the ordinary course cash management practices of the Lead Borrower and its Subsidiaries as in effect
prior to the Closing Date, including with respect to the ordinary course cash management practices related to the funding, sweeping or
transferring of cash in accordance with that certain Amended and Restated Cash Pooling Agreement, dated as of May&#8239;22, 2023 and effective
as of December&#8239;31, 2022 and (b)&#8239;capital contributions made by or to the Lead Borrower and its Subsidiaries to satisfy minimum
capitalization or solvency requirements under local law; <U>provided</U> that such contribution must be made for legitimate business
purposes and not made for the purposes of adversely affecting the credit position of the Lenders.</P>

<P STYLE="font: 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">&ldquo;<U>Casualty Event</U>&rdquo;
means any event that gives rise to the receipt by the Lead Borrower or any Restricted Subsidiary of any insurance proceeds or condemnation
awards in respect of any equipment, fixed assets or real property (including any improvements thereon) to replace or repair such equipment,
fixed assets or real property.</P>

<P STYLE="font: 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">&ldquo;<U>Chapter 11 Plan</U>&rdquo;
means any plan of reorganization or liquidation (as the case may be).</P>

<P STYLE="font: 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">&ldquo;<U>Chapter 11 Plan
Effective Date</U>&rdquo; means, with respect to any Chapter 11 Plan, the effective date of such Chapter 11 Plan, which has been confirmed
by an order entered by the Bankruptcy 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-align: justify; text-indent: 0.5in">&ldquo;<U>Class</U>&rdquo;
(a)&#8239;when used with respect to Commitments or Loans, refers to those of such Commitments or Loans that have the same terms and conditions
(without regard to differences in the Type of Loan,&#8239;Interest Period, upfront fees, OID or similar fees paid or payable in connection
with such Commitments or Loan, or differences in tax treatment (e.g. &ldquo;fungibility&rdquo;)); <U>provided</U> that such Commitments
or Loans may be designated in writing by the Lead Borrower and Lenders holding such Commitments or Loans as a separate Class&#8239;from
other Commitments or Loans that have the same terms and conditions and (ii)&#8239;with respect to Lenders, those of such Lenders that
have Commitments or Loans of a particular 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: justify; text-indent: 0.5in">&ldquo;<U>Closing Date</U>&rdquo;
means May&#8239;28, 2026.</P>

<P STYLE="font: 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">&ldquo;<U>Closing Date Guarantors</U>&rdquo;
means Holdings and each Subsidiary of Holdings (other than the Borrowers) listed on <U>Schedule 1.01D</U> that is party to this Agreement
on the Closing 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: 0.5in">&ldquo;<U>Co-Borrower</U>&rdquo;
has the meaning provided in the introductory paragraph 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: 0.5in">&ldquo;<U>Code</U>&rdquo;
means the U.S. Internal Revenue Code of 1986, as amended from time to time, and the rules&#8239;and regulations related 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-align: justify; text-indent: 0.5in">&ldquo;<U>Collateral</U>&rdquo;
means the &ldquo;Collateral&rdquo; as defined in the Pledge and Security Agreement, the &ldquo;OpCo DIP Collateral&rdquo; as defined
in the DIP Orders, and all the &ldquo;Collateral&rdquo; or &ldquo;Pledged Assets&rdquo; as defined in any other Collateral Document and
any other assets pledged pursuant to any Collateral Document and the DIP Orders provided that in no event shall any Excluded Asset constitute
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-align: justify; text-indent: 0.5in">&ldquo;<U>Collateral Agent</U>&rdquo;
means DBNY, in its capacity as collateral agent or pledgee in its own name under any of the Loan Documents, or any successor collateral
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">&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">&#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">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;on
the Closing Date, the Administrative Agent shall have received each Collateral Document to the extent required to be delivered on the
Closing Date pursuant to <U>Section&#8239;4.01</U>, subject to the limitations and exceptions of this Agreement, duly executed by each
Loan Party thereto; 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-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;after
the Closing Date, each Subsidiary of Parent listed on Schedule 1.01D (other than any Excluded Subsidiary) shall become a Guarantor and
signatory to this Agreement pursuant to a Guarantor Joinder in accordance with <U>Section&#8239;6.11</U> or <U>6.18</U> and a party to
the respective Collateral Documents in accordance with <U>Section&#8239;6.11</U> or <U>6.18</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: justify; text-indent: 0.5in">Notwithstanding the foregoing
provisions of this definition or anything in this Agreement or any other Loan Document to the contrary:</P>

<P STYLE="font: 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: 1.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
foregoing definition shall not require and the Loan Documents shall not contain any requirements as to the creation or perfection of
pledges of, security interests in, Mortgages on, or the obtaining of title insurance, surveys, abstracts or appraisals or taking other
actions with respect to, Excluded 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; text-align: justify; text-indent: 1.5in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#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; text-align: justify; text-indent: 1.5in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Liens
required to be granted from time to time pursuant to the Collateral and Guarantee Requirement shall be subject to exceptions and limitations
set forth in this Agreement and the 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Collateral Documents</U>&rdquo;
means, collectively, the Security Agreement, the DIP Orders, each of the local law security and pledge agreements entered into by Foreign
Guarantors from time to time, collateral assignments, security agreement, pledge agreements, or other similar agreements delivered to
the Administrative Agent pursuant to Sections&#8239;<U>4.01</U>, <U>6.11</U> or <U>6.14</U>, and each of the other agreements, instruments
or documents that creates or purports to create a Lien in favor of the Administrative Agent and/or the Collateral Agent (as relevant),
in each case for the benefit of the 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-align: justify; text-indent: 0.5in">&ldquo;<U>Commitment</U>&rdquo;
means, with respect to each Lender, such Lender&rsquo;s New Money Commitments and L/C 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Commitment Letter</U>&rdquo;
means that certain Commitment Letter &ndash; OpCo Debtor-in-Possession Facility, dated as of May&#8239;13, 2026, by and among Holdings,
the Borrowers and the Commitment Parties (as defined therein) party thereto, as amended, amended and restated, supplemented or otherwise
modified 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-align: justify; text-indent: 0.5in">&ldquo;<U>Committed Loan
Notice</U>&rdquo; means a notice of (a)&#8239;a Borrowing, (b)&#8239;a conversion of Loans denominated in Dollars from one Type to the
other, or (c)&#8239;a continuation of Benchmark Rate Loans, pursuant to Section&#8239;2.02(a), which, if in writing, shall be substantially
in the form of <U>Exhibit&#8239;A</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: justify; text-indent: 0.5in">&ldquo;<U>Compensation Period</U>&rdquo;
has the meaning set forth in <U>Section&#8239;2.12(c)(ii)</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: justify; text-indent: 0.5in">&ldquo;<U>Conforming Changes</U>&rdquo;
means with respect to the use or administration of Term SOFR, any technical, administrative or operational changes (including changes
to the definition of &ldquo;Base Rate,&rdquo; the definition of &ldquo;Business Day,&rdquo; the definition of &ldquo;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 and other administrative matters) that the Administrative Agent decides may be appropriate to reflect the adoption
and implementation of Term SOFR 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 Term SOFR exists, in such other
manner of administration as the Administrative Agent decides is reasonably necessary in connection with the administration 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: justify; text-indent: 0.5in">&ldquo;<U>Contractual Obligation</U>&rdquo;
means, as to any Person, any provision of any security issued by such Person or of any agreement, instrument or other undertaking to
which such Person is a party or by which it or any of its property is bound.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Control</U>&rdquo;
means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person,
whether through the ability to exercise voting power, by contract or otherwise. &ldquo;Controlling&rdquo; and &ldquo;Controlled&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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Credit Extension</U>&rdquo;
means each of the following: (a)&#8239;a Borrowing and (b)&#8239;an L/C Credit Extension.</P>

<P STYLE="font: 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">&ldquo;<U>DBNY</U>&rdquo;
means Deutsche Bank AG New York Branch, in its individual capacity, and any successor thereto by merger, consolidation 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: 0.5in">&ldquo;<U>Debtor Relief Laws</U>&rdquo;
means the Bankruptcy Code of the United States and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of
creditors, moratorium, rearrangement, receivership, examinership, insolvency, winding up, reorganization or similar debtor relief Laws
of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally.</P>

<P STYLE="font: 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">&ldquo;<U>Declined Proceeds</U>&rdquo;
has the meaning set forth in <U>Section&#8239;2.05(b)(vii)</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: justify; text-indent: 0.5in">&ldquo;<U>Default</U>&rdquo;
means any event or condition that constitutes an Event of Default or that, with the giving of any notice, the passage of time, or both,
would be an Event of Default.</P>

<P STYLE="font: 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">&ldquo;<U>Default Rate</U>&rdquo;
means an interest rate equal to (a)&#8239;the Base Rate <U>plus</U> (b)&#8239;the Applicable Margin, if any, applicable to Base Rate Loans
<U>plus</U> (c)&#8239;2.00% per annum; <U>provided</U> that, with respect to a Benchmark Rate Loan, the Default Rate shall be an interest
rate equal to the interest rate (including any Applicable Margin) otherwise applicable to such Loan <U>plus</U> 2.00% per annum, in each
case, to the fullest extent permitted by applicable 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-align: justify; text-indent: 0.5in">&ldquo;<U>Defaulting Lender</U>&rdquo;
means, subject to <U>Section&#8239;2.20(b)</U>, any Lender that, as reasonably determined by the Administrative Agent (a)&#8239;has refused
(which refusal may be given verbally or in writing and has not been retracted) or failed to perform any of its funding obligations hereunder,
including in respect of its Loans or participations in respect of L/C Obligations, which refusal or failure is not cured within one Business
Day after the date of such refusal or failure, (b)&#8239;has notified the Lead Borrower or Administrative Agent that it does not intend
to comply with its funding obligations or has made a public statement to that effect with respect to its funding obligations hereunder
or under other agreements in which it commits to extend credit, (c)&#8239;has failed, within three Business Days after request by the
Administrative Agent, to confirm in a manner satisfactory to the Administrative Agent that it will comply with its funding obligations
(<U>provided</U> that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c)&#8239;upon receipt of such written
confirmation by the Administrative Agent and the Lead Borrower), or (d)&#8239;has, or has a direct or indirect parent company that has,
after the date of this Agreement, (i)&#8239;become the subject of a proceeding under any Debtor Relief Law, (ii)&#8239;had a receiver,
conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation
of its business or a custodian appointed for it, (iii)&#8239;become the subject of a Bail-In Action or (iv)&#8239;taken any action in furtherance
of, or indicated its consent to, approval of or acquiescence in any such proceeding or appointment; <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. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses&#8239;(a)&#8239;through
(d)&#8239;above shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject
to <U>Section&#8239;2.20(b)</U>) upon delivery of written notice of such determination to the Lead Borrower, L/C Issuer and each 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"></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">&ldquo;<U>Delayed Draw New
Money Closing Date</U>&rdquo; means the date of any Borrowing of Delayed Draw New Money Term Loans in accordance with <U>Sections&#8239;2.01(a)</U>&#8239;and
<U>4.03</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: justify; text-indent: 0.5in">&ldquo;<U>Delayed Draw New
Money Term Loans</U>&rdquo; has the meaning set forth in Section&#8239;2.01(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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Designated Lenders</U>&rdquo;
means, collectively, (a)&#8239;certain funds and accounts managed by Angelo, Gordon&#8239;&amp; Co. or one or more entities owned by such
funds or accounts, (b)&#8239;certain funds or accounts managed by Oaktree Capital Management, L.P. or one or more entities owned by such
funds or accounts and (c)&#8239;certain funds or accounts managed by Apollo Capital Management, L.P. or one or more entities owned by
such funds or 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-align: justify; text-indent: 0.5in">&ldquo;<U>Designated Real
Property</U>&rdquo; means any real property owned or leased by any Loan Party as of the Closing Date that is located in the Federal Republic
of Germany or Switzerland.</P>

<P STYLE="font: 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">&ldquo;<U>DIP Orders</U>&rdquo;
means, collectively, the Interim DIP Order and the Final Order and separately, the Interim DIP Order or the Final DIP Order, as the context
requires.</P>

<P STYLE="font: 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">&ldquo;<U>DIP Superpriority
Claims</U>&rdquo; means the superpriority administrative expense claims under section 364(c)&#8239;of the Bankruptcy Code against each
of the OpCo Debtors, on a joint and several basis, which claims, subject to the Carve-Out, shall have priority over any and all other
administrative expense claims against the OpCo Debtors and their estates, now existing or hereafter arising, including, without limitation,
administrative expenses of the kind specified in or ordered pursuant to sections 105, 326, 328, 330, 331, 365, 503(a), 503(b), 506(c),
507(a), 507(b), 546(c), 546(d), 552(b), 726, 1113 and 1114 of the Bankruptcy Code or otherwise, with recourse against all 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-align: justify; text-indent: 0.5in">&ldquo;<U>Disposition</U>&rdquo;
or &ldquo;<U>Dispose</U>&rdquo; means the sale, transfer, license, lease or other disposition (including any sale and leaseback transaction
and any sale or issuance of Equity Interests in a Restricted Subsidiary) of any property by any 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;
<U>provided</U> that the issuance of Equity Interests by Holdings shall not constitute a Disposition by Holdings.</P>

<P STYLE="font: 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">&ldquo;<U>Disbursements Variance</U>&rdquo;
has the meaning set forth in <U>Section&#8239;6.22(ii)</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: justify; text-indent: 0.5in">&ldquo;<U>Disqualified Equity
Interests</U>&rdquo; means any Equity Interest that, by its terms (or by the terms of any security or other Equity Interests into which
it is convertible or for which it is exchangeable), or upon the happening of any event or condition (a)&#8239;matures or is mandatorily
redeemable (other than solely for Qualified Equity Interests or solely at the direction of the issuer), pursuant to a sinking fund obligation
or otherwise (except as a result of a change of control or asset sale, so long as any rights of the holders thereof upon the occurrence
of a change of control or asset sale event shall be subject to the prior repayment in full of the Loans and all other Obligations that
are accrued and payable and the termination of the Commitments), (b)&#8239;is redeemable at the option of the holder thereof (other than
solely for Qualified Equity Interests), in whole or in part, (c)&#8239;provides for the scheduled payments of dividends in cash, or (d)&#8239;is
or becomes convertible into or exchangeable for Indebtedness or any other Equity Interests that would constitute Disqualified Equity
Interests, in each case, prior to the date that is ninety-one (91) days after the Maturity Date; <U>provided</U> that if such Equity
Interests are issued pursuant to a plan for the benefit of employees of the Lead Borrower (or any Parent) or any of its Restricted Subsidiaries
or by any such plan to such employees, such Equity Interests shall not constitute Disqualified Equity Interests solely because it may
be required to be repurchased by the Lead Borrower or if its Restricted Subsidiaries in order to satisfy applicable statutory or regulatory
obligations or as a result of such employee&rsquo;s termination, death or disability.</P>

<P STYLE="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">&ldquo;<U>Dollar</U>&rdquo;
and &ldquo;<U>$</U>&rdquo; mean lawful money of the United States.</P>

<P STYLE="font: 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">&ldquo;<U>Dollar Amount</U>&rdquo;
means, 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 0pt 0.5in; text-align: justify; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;with
respect to any Loan denominated in Dollars, the principal amount thereof then outstanding (or in which such participation is held);</P>

<P STYLE="font: 10pt 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: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;with
respect to any Loan denominated in Euros, the Dollar Equivalent of the principal amount thereof then outstanding in Euros; 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: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;with
respect to any L/C Obligation (or any risk participation therein), (A)&#8239;if denominated in Dollars, the amount thereof and (B)&#8239;if
denominated in an Alternative Currency, the Dollar Equivalent of the 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Dollar Equivalent</U>&rdquo;
means, on any date of determination, with respect to any amount in a currency other than Dollars, the equivalent in Dollars of such amount,
determined by the Administrative Agent pursuant to <U>Section&#8239;1.12</U> using the Exchange Rate with respect to such currency at
the time in effect in accordance with the provisions of <U>Section&#8239;1.12</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: justify; text-indent: 0.5in">&ldquo;<U>Domestic Subsidiary</U>&rdquo;
means any Subsidiary that is organized under the Laws of the United States, any state thereof 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>EEA Financial Institution</U>&rdquo;
means (a)&#8239;any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of
an EEA Resolution Authority, (b)&#8239;any entity established in an EEA Member Country which is a parent of an institution described in
clause (a)&#8239;of this definition, or (c)&#8239;any financial institution established in an EEA Member Country which is a subsidiary
of an institution described in clauses (a)&#8239;or (b)&#8239;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">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>EEA Member Country</U>&rdquo;
means any of the member states of the European Union,&#8239;Iceland, Liechtenstein, and Norway.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Eligible Assignee</U>&rdquo;
has the meaning set forth in <U>Section&#8239;10.07(a)</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: justify; text-indent: 0.5in">&ldquo;<U>EMU Legislation</U>&rdquo;
means the legislative measures of the European Council for the introduction of, changeover to or operation of a single or unified European
currency.</P>

<P STYLE="font: 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">&ldquo;<U>Environment</U>&rdquo;
means indoor air, ambient air, surface water, groundwater, drinking water, land surface, subsurface strata, and natural resources such
as wetlands, flora and fauna.</P>

<P STYLE="font: 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">&ldquo;<U>Environmental Laws</U>&rdquo;
means any applicable Law, including common law, relating to the prevention of pollution or the protection of the environment and natural
resources, or to the protection of human health and safety as it relates to the environment.</P>

<P STYLE="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">&ldquo;<U>Environmental Liability</U>&rdquo;
means any liability, contingent or otherwise (including any liability for damages, costs of investigation and remediation, fines, penalties
or indemnities) directly or indirectly resulting from or based upon (a)&#8239;violation of any Environmental Law or any Environmental
Permit, (b)&#8239;the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c)&#8239;exposure
to any Hazardous Materials, (d)&#8239;the Release or threatened Release of any Hazardous Materials into the Environment or (e)&#8239;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">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Environmental Permit</U>&rdquo;
means any permit, approval, identification number, license or other authorization required by any Environmental 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: 0.5in">&ldquo;<U>Equity Interests</U>&rdquo;
means, with respect to any Person, all of the shares, interests, rights, participations or other equivalents (however designated) of
capital stock of (or other ownership or profit interests or units in) such Person and all of the warrants, options or other rights for
the purchase, acquisition or exchange from such Person of any of the foregoing (including through convertible 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>ERISA</U>&rdquo;
means the Employee Retirement Income Security Act of 1974, as amended from time to time, and the regulations promulgated and rulings
issued 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-align: justify; text-indent: 0.5in"><U>&ldquo;ERISA Affiliate</U>&rdquo;
means any trade or business (whether or not incorporated) that is under common control with a Loan Party or any Restricted Subsidiary
within the meaning of Section&#8239;414(b), (c), (m)&#8239;or (o)&#8239;of the Code or Section&#8239;4001(a)(14) of ERISA.</P>

<P STYLE="font: 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"><U>&ldquo;ERISA Event</U>&rdquo;
means (a)&#8239;a Reportable Event with respect to a Pension Plan; (b)&#8239;a withdrawal by <U>a</U> Loan Party, any Restricted Subsidiary
or any ERISA Affiliate from a Pension Plan subject to Section&#8239;4063 of ERISA during a plan year in which it was a substantial employer
(as defined in Section&#8239;4001(a)(2)&#8239;of ERISA) or a cessation of operations that is treated as such a withdrawal under Section&#8239;4062(e)&#8239;of
ERISA; (c)&#8239;a complete or partial withdrawal by a Loan Party, any Restricted Subsidiary or any ERISA Affiliate from a Multiemployer
Plan, the insolvency under Title IV of ERISA of any Multiemployer Plan, or the receipt of any Loan Party, Restricted Subsidiary or any
ERISA Affiliate, of any notice that a Multiemployer Plan is in endangered or critical status under Section&#8239;305 of ERISA; (d)&#8239;the
filing of a notice of intent to terminate any Pension Plan, the treatment of a Pension Plan amendment as a termination under Sections
4041 or 4041A of ERISA, or the commencement of proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan; (e)&#8239;an
event or condition which would reasonably be expected to constitute grounds under Section&#8239;4042 of ERISA for the termination of,
or the appointment of a trustee to administer, any Pension Plan or Multiemployer Plan; (f)&#8239;the failure to make a required contribution
to any Pension Plan that would result in the imposition of a lien or other encumbrance on a Loan Party or Restricted Subsidiary or the
provision of security under Section&#8239;430 of the Code or Section&#8239;303 or 4068 of ERISA by a Loan Party or Restricted Subsidiary,
or the arising of such a lien or encumbrance, there being or arising any &ldquo;unpaid minimum required contribution&rdquo; or &ldquo;accumulated
funding deficiency&rdquo; (as defined or otherwise set forth in Section&#8239;4971 of the Code or Part&#8239;3 of Subtitle B of Title I
of ERISA), whether or not waived, the failure to satisfy the minimum funding standard of Section&#8239;412 of the Code, whether or not
waived, or a determination that any Pension Plan is, or is reasonably expected to be, in at-risk status under Title IV of ERISA; (g)&#8239;the
occurrence of a nonexempt prohibited transaction (within the meaning of Section&#8239;4975 of the Code or Section&#8239;406 of ERISA) with
respect to a Pension Plan which could reasonably be expected to result in liability to a Loan Party or any Restricted Subsidiary; or
(h)&#8239;the incurring of any liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section&#8239;4007
of ERISA, by a Loan Party, any Restricted Subsidiary or any ERISA Affiliate.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Euros</U>&rdquo;
and &ldquo;<U>EUR</U>&rdquo; mean the lawful currency of the Participating Member States introduced in accordance with the EMU Legislation.</P>

<P STYLE="font: 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">&ldquo;<U>Event of Default</U>&rdquo;
has the meaning specified in <U>Section&#8239;8.01</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"></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">&ldquo;<U>Exchange Act</U>&rdquo;
means the Securities Exchange Act of 1934, as amended.</P>

<P STYLE="font: 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">&ldquo;<U>Exchange Rate</U>&rdquo;
shall mean on any day, for purposes of determining the Dollar Equivalent of any other currency, the rate at which such other currency
may be exchanged into Dollars as set forth at approximately 11:00 a.m., London time, on such day on the Reuters ECB page&#8239;37 for
such currency. In the event that such rate does not appear on the Reuters ECB page&#8239;37, the Exchange Rate shall be determined by
reference to such other publicly available service for displaying exchange rates as may be agreed upon by the Administrative Agent and
the Lead Borrower, or, in the absence of such an agreement, such Exchange Rate shall instead be the arithmetic average of the spot rates
of exchange of the Administrative Agent in the market where its foreign currency exchange operations in respect of such currency are
then being conducted, at or about 10:00 a.m.&#8239;in such market on such date for the purchase of Dollars for delivery two (2)&#8239;Business
Days later; <U>provided</U> that if at the time of any such determination, for any reason, no such spot rate is being quoted, the Administrative
Agent may use any reasonable method it deems appropriate to determine such rate, 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-align: justify; text-indent: 0.5in">&ldquo;<U>Excluded Asset</U>&rdquo;
means (i)&#8239;any security deposits in respect of non-residential real property leases of the Loan Parties, (ii)&#8239;governmental licenses
or state or local franchises, charters and authorizations and any other property and assets to the extent that the Administrative Agent
may not validly possess a security interest therein under applicable laws (including, without limitation, rules&#8239;and regulations
of any governmental authority or agency) or the pledge or creation of a security interest in which would require governmental consent,
approval, license or authorization, other than (A)&#8239;to the extent such limitation is rendered ineffective under the UCC, other applicable
law, including the Bankruptcy Code, or the DIP Order, notwithstanding such limitation, (B)&#8239;with respect to any OpCo Debtor, to the
extent such limitation is rendered ineffective as a result of the commencement of the Chapter 11 Cases or pursuant to the DIP Order notwithstanding
such limitation, and (C)&#8239;proceeds and receivables thereof, the assignment of which is expressly deemed effective under the UCC,
other applicable law, including the Bankruptcy Code, or the DIP Order, notwithstanding such limitation, (iii)&#8239;any particular asset
or right under contract, if the pledge thereof or the security interest therein is prohibited or restricted by applicable law, rule&#8239;or
regulation (including any requirement thereunder to obtain the consent of any governmental or regulatory authority), or third party (i.e.,
other than Parent, the Borrowers or any of their respective Subsidiaries), so long as any agreement with such third party that provides
for such prohibition or restriction was not entered into in contemplation of the acquisition of such assets or entering into of such
contract or for the purpose of creating such prohibition or restriction, other than (A)&#8239;to the extent such prohibition or restriction
is rendered ineffective under the UCC, other applicable law, including the Bankruptcy Code, or the DIP Order, notwithstanding such prohibition
or restriction and (B)&#8239;proceeds and receivables thereof, the assignment of which is expressly deemed effective under the UCC, other
applicable law, including the Bankruptcy Code, or the DIP Order, notwithstanding such prohibition or restriction, (iv)&#8239;(A)&#8239;margin
stock, (B)&#8239;[reserved], and (C)&#8239;Equity Interests in any non-wholly owned Restricted Subsidiaries and any entities which do not
constitute Subsidiaries, other than to the extent such prohibition or restriction is rendered ineffective under the UCC or, other applicable
law, including the Bankruptcy Code, or the DIP Order but only to the extent that (x)&#8239;the organizational documents or other agreements
with other equity holders of such non-wholly owned Restricted Subsidiary or other entity do not permit or restrict the pledge of such
Equity Interests (to the extent such restriction exists on the Closing Date or on the date of acquisition of such non-wholly owned Restricted
Subsidiary or the Equity Interests in such entity so long as such restriction was not entered into in contemplation of the acquisition
of such Equity Interests), or (y)&#8239;the pledge of such Equity Interests (including any exercise of remedies) would result in a change
of control, repurchase obligation or other adverse consequence to any of the Loan Parties or such non-wholly owned Restricted Subsidiary
or other entity, (v)&#8239;any lease, license or agreement or any property subject to a purchase money security interest, capital lease
obligations or similar arrangement, in each case, to the extent the grant of a security interest therein would violate or invalidate
such lease, license or agreement or purchase money or similar arrangement or create a right of termination in favor of any other party
thereto (other than Parent, any Loan Party or any Subsidiary of a Loan Party), other than (A)&#8239;to the extent such provision is rendered
ineffective under the UCC, other applicable law, including the Bankruptcy Code, or the DIP Order, notwithstanding such provision, (B)&#8239;with
respect to any OpCo Debtor, to the extent such provision is rendered ineffective as a result of the commencement of the Chapter 11 Cases
or pursuant to the DIP Order notwithstanding such provision, and (C)&#8239;proceeds and receivables thereof, the assignment of which is
expressly deemed effective under the UCC, other applicable law, including the Bankruptcy Code, or the DIP Order, notwithstanding such
provisions, (vi)&#8239;any property or assets for which the creation or perfection of pledges of, or security interests in such property
or assets pursuant to the Loan Documents would result in material adverse tax consequences to the Parent, the Lead Borrower or any of
their Subsidiaries, as reasonably determined by the Lead Borrower and the Required Lenders, (vii)&#8239;[reserved], (viii)&#8239;any funds
held in (A)&#8239;the Reserve Account (as defined in the DIP Orders) or (B)&#8239;the Adequate Assurance Account (as defined in the DIP
Orders) (the accounts in subclauses (A)&#8239;and (B), collectively, the &ldquo;<U>Excluded Accounts</U>&rdquo;); <U>provided</U> that
any reversionary interests in any funds held in the Excluded Accounts shall constitute Collateral, (ix)&#8239;for any Loan Party that
is not an OpCo Debtor, all assets of such Loan Party that would not constitute &ldquo;Collateral&rdquo; as defined in the Prepetition
OpCo Loan Documents, (x)&#8239;any intent-to-use trademark application prior to the filing of a &ldquo;Statement of Use&rdquo; or &ldquo;Amendment
to Allege Use&rdquo; with respect thereto, to the extent, if any, that, and solely during the period, if any, in which the grant of a
security interest therein would impair the validity or enforceability of such intent-to-use trademark application under applicable federal
law, (xi)&#8239;assets in circumstances where the cost, consequences or burden of obtaining a security interest in such assets, including,
without limitation, the cost of title insurance, surveys or flood insurance (if necessary) would outweigh the practical benefit to the
Lenders afforded thereby as reasonably determined by the Lead Borrower and the Required Lenders, (xii)&#8239;any particular assets if
it would result in a significant risk to the officers of the relevant grantor of Collateral of contravention with their fiduciary duties
and/or of civil or criminal liability (unless there is customary limitation language agreed between the Lead Borrower and the Administrative
Agent) for, inter alia, (x)&#8239;the Swedish Guarantors or the (y)&#8239;the Finnish Guarantors, and (xiii)&#8239;the Securitization Assets,
including, for the avoidance of doubt, any bank accounts pledged pursuant to a Permitted Securitization; <U>provided</U>, that all proceeds
and products of Excluded Assets shall not constitute Excluded Assets and shall constitute Collateral unless such proceeds are specifically
excluded as one of the foregoing items.</P>

<P STYLE="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">&ldquo;<U>Excluded Subsidiary</U>&rdquo;
means any Subsidiary where the Required Lenders and the Lead Borrower agree that the cost of obtaining a Guarantee by such Subsidiary
would be excessive in light of the practical benefit to the Lenders afforded thereby.</P>

<P STYLE="font: 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">&ldquo;<U>Excluded Swap Obligation</U>&rdquo;
means, with respect to any Guarantor, any Swap Obligation if, and to the extent that, all or a portion of the guarantee of such Guarantor
of, or the grant by such Guarantor of a security interest to secure, as applicable, such Swap Obligation (or any guarantee thereof) is
or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or
the application or official interpretation of any thereof) (a)&#8239;by virtue of such Guarantor&rsquo;s failure to constitute an &ldquo;eligible
contract participant,&rdquo; as defined in the Commodity Exchange Act and the regulations thereunder, at the time the guarantee of (or
grant of such security interest by, as applicable) such Guarantor becomes or would become effective with respect to such Swap Obligation
or (b)&#8239;in the case of a Swap Obligation that is subject to a clearing requirement pursuant to section 2(h)&#8239;of the Commodity
Exchange Act, because such Guarantor is a &ldquo;financial entity,&rdquo; as defined in section 2(h)(7)(C)&#8239;of the Commodity Exchange
Act, at the time the guarantee of (or grant of such security interest by, as applicable) such Guarantor becomes or would become effective
with respect to such Swap Obligation. If a Swap Obligation arises under a master agreement governing more than one Swap, such exclusion
shall apply only to the portion of such Swap Obligation that is attributable to Swaps for which such guarantee or security interest is
or becomes illegal 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).</P>

<P STYLE="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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Excluded Taxes</U>&rdquo;
has the meaning set forth in <U>Section&#8239;3.01(a)</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: justify; text-indent: 0.5in">&ldquo;<U>Existing Letters
of Credit</U>&rdquo; means any letters of credit outstanding on the Closing Date and described on <U>Schedule 1.01B</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: justify; text-indent: 0.5in">&ldquo;<U>Facility</U>&rdquo;
means a given Class&#8239;of Term Loans, as the context may require.</P>

<P STYLE="font: 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">&ldquo;<U>FATCA</U>&rdquo;
means Sections 1471 through 1474 of the Code, as of the date of this Credit Agreement (or any amended or successor version that is substantively
comparable and not materially more onerous to comply with) and any current or future regulations or official interpretations thereof,
and any agreement pursuant to the implementation of the above with the United States Internal Revenue Service, the United States government
or any governmental or taxation authority in the United States, including the Agreement between the Government of the United States of
America and the Government of the Grand Duchy of Luxembourg to Improve International Tax Compliance and with respect to The United States
information reporting provisions commonly known as the Foreign Account Tax Compliance Act, and any rules, regulations or guidance enacted
thereunder or official interpretations 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-align: justify; text-indent: 0.5in">&ldquo;<U>fair market value</U>&rdquo;
means (a)&#8239;except as otherwise provided in clause (b)&#8239;below, with respect to any asset or liability, the fair market value of
such asset or liability as determined by the Lead Borrower in good faith and (b)&#8239;with respect to Securitization Assets, the current
value that would be attributed to such Securitization Assets by an independent and unaffiliated third party purchasing the Securitization
Assets in an arms-length sale transaction, as determined in good faith by the board of managers (<I>conseil de g&eacute;rance</I>) of
the Lead 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-align: justify; text-indent: 0.5in">&ldquo;<U>Federal Funds Rate</U>&rdquo;
means, for any day, the rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members
of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank on the Business
Day next succeeding such day; <U>provided</U> that (a)&#8239;if such day is not a Business Day, the Federal Funds Rate for such day shall
be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, (b)&#8239;if
no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded
upward, if necessary, to a whole multiple of 1/100 of 1%) charged to DBNY on such day on such transactions as determined by the Administrative
Agent and (c)&#8239;if such rate per annum as otherwise determined in accordance with the provisions above is less than zero, then the
Federal Funds Rate shall be deemed to be zero.</P>

<P STYLE="font: 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">&ldquo;<U>Final DIP Order</U>&rdquo;
means an order of the Bankruptcy Court in the Chapter 11 Cases, which order (a)&#8239;shall be in form and substance, and on terms and
conditions, reasonably satisfactory to the Loan Parties, Required Lenders and, with respect to those provisions thereof that affect the
rights, obligations, liabilities and duties of the Administrative Agent, to the Administrative Agent, and (b)&#8239;shall, subject to
the foregoing, authorize and approve, on a final basis, among other matters, (i)&#8239;the Loan Parties&rsquo; entry into the Loan Documents,
(ii)&#8239;the making of the Loans, (iii)&#8239;the granting of the DIP Superpriority Claims against the OpCo Debtors and the granting
of Liens on the Collateral in accordance with the Loan Documents, (iv)&#8239;the use of OpCo Cash Collateral (as defined in the Final
DIP Order), and (v)&#8239;the granting of adequate protection to the Prepetition OpCo 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-align: justify; text-indent: 0.5in">&ldquo;<U>Final Roll-Up Term
Loans</U>&rdquo; has the meaning set forth in <U>Section&#8239;2.01(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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Finnish Collateral</U>&rdquo;
has the meaning set forth in <U>Section&#8239;1.16</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: justify; text-indent: 0.5in">&ldquo;<U>Finnish Companies
Act</U>&rdquo; has the meaning set forth in <U>Section&#8239;11.20</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"></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">&ldquo;<U>Finnish Party</U>&rdquo;
has the meaning set forth in <U>Section&#8239;1.16</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: justify; text-indent: 0.5in">&ldquo;<U>FIRREA</U>&rdquo;
means the Financial Institutions Reform, Recovery and Enforcement Act of 1989, as amended.</P>

<P STYLE="font: 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">&ldquo;<U>First Day Orders</U>&rdquo;
shall mean all material orders entered by the Bankruptcy Court pursuant to motions filed on or about the Petition Date by the Debtors.
The First Day Orders must be reasonably acceptable to the Required Lenders.</P>

<P STYLE="font: 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">&ldquo;<U>Flood Laws</U>&rdquo;
means collectively, (i)&#8239;National Flood Insurance Reform Act of 1994 (which comprehensively revised the National Flood Insurance
Act of 1968 and the Flood Disaster Protection Act of 1973) as now or hereafter in effect or any successor statute thereto, (ii)&#8239;the
Flood Insurance Reform Act of 2004 as now or hereafter in effect or any successor statute thereto and (iii)&#8239;the Biggert-Waters Flood
Insurance Reform Act of 2012 as now or hereafter in effect or any successor statute thereto.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Floor</U>&rdquo;
means (i)&#8239;with respect to the Term Loans, a rate of interest equal to 3.00% and (ii)&#8239;with respect to the Roll-Up Loan (Rev),
a rate of interest equal to 0.00%.</P>

<P STYLE="font: 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">&ldquo;<U>Foreign Pension
Plan</U>&rdquo; means any occupational pension plan, fund (including, without limitation, any superannuation fund) or other similar program
established, contributed to or maintained outside the United States on a voluntary basis by any Loan Party (other than a Luxembourg Loan
Party) or any Restricted Subsidiary, as a single employer or as part of a group of employers, primarily for the benefit of employees
of any Loan Party or any Restricted Subsidiary residing outside the United States, which plan, fund or other similar program provides,
retirement income, and which plan is not subject to ERISA or the 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-align: justify; text-indent: 0.5in">&ldquo;<U>Foreign Guarantors</U>&rdquo;
means each Guarantor that is not a Domestic 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: 0.5in">&ldquo;<U>Foreign Loan Party</U>&rdquo;
means any Loan Party that is not a Domestic 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: 0.5in">&ldquo;<U>Foreign Subsidiary</U>&rdquo;
means any Subsidiary that is not 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Four Party Intercreditor
Agreement</U>&rdquo;means that certain Intercreditor Agreement, dated as of the January&#8239;17, 2025, by and among (i)&#8239;Deutsche
Bank AG New York Branch, as the administrative agent and collateral agent for the lenders under the Prepetition Superpriority Revolving
Credit Agreement, (ii)&#8239;Deutsche Bank AG New York Branch, as administrative agent and collateral agent for the lenders under the
Prepetition OpCo Credit Agreement, (ii)&#8239;Alter Domus (US) LLC, as collateral agent under the Prepetition Super Holdco Credit Agreement,
as amended, amended and restated, modified or supplemented from time to time, and (iv)&#8239;Alter Domus (US) LLC, as collateral agent
under the Prepetition Second Lien Notes Indenture, as amended, amended and restated, modified or supplemented 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-align: justify; text-indent: 0.5in">&ldquo;<U>FRB</U>&rdquo;
means the Board of Governors of the Federal Reserve System of the United States.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Fronting Exposure</U>&rdquo;
means, at any time there is a Defaulting Lender, with respect to the L/C Issuer, such Defaulting Lender&rsquo;s Pro Rata Share or other
applicable share provided under this Agreement of the Outstanding Amount of L/C Obligations other than L/C Obligations as to which such
Defaulting Lender&rsquo;s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the
terms hereof.</P>

<P STYLE="font: 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">&ldquo;<U>Fund</U>&rdquo;
means any Person (other than a natural person) that is engaged in making, purchasing, holding or otherwise investing in commercial loans
and similar extensions of credit in the ordinary course.</P>

<P STYLE="font: 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">&ldquo;<U>Funded Debt</U>&rdquo;
means all Indebtedness of the Lead Borrower and the Restricted Subsidiaries for borrowed money that matures more than one year from the
date of its creation or matures within one year from such date that is renewable or extendable, at the option of such Person, to a date
more than one year from such date or arises under a revolving credit or similar agreement that obligates the lender or lenders to extend
credit during a period of more than one year from such date, including Indebtedness in respect of the 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"></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">&ldquo;<U>GAAP</U>&rdquo;
means generally accepted accounting principles in the United States of America, as in effect from time to time; <U>provided</U>, <U>however</U>,
that if the Lead Borrower notifies the Administrative Agent that the Lead Borrower requests an amendment to any provision hereof to eliminate
the effect of any change occurring after the Closing Date in GAAP or in the application thereof on the operation of such provision (or
if the Administrative Agent notifies the Lead Borrower that the Required Lenders request an amendment to any provision hereof for such
purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then such
provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective
until such notice shall have been withdrawn or such provision amended in accordance herewith.</P>

<P STYLE="font: 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">&ldquo;<U>German Guarantor</U>&rdquo;
means a Guarantor incorporated under the laws of Germany as a GmbH.</P>

<P STYLE="font: 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">&ldquo;<U>German Insolvency
Event</U>&rdquo; means (i)&#8239;that an entity organized in the Federal Republic of Germany is unable to pay its debts as they fall due
within the meaning of Section&#8239;17 (&ldquo;<I>Zahlungsunf&auml;higkeit</I>&rdquo;) of the German Insolvency Code (<I>Insolvenzordnung</I>),
or (ii)&#8239;an entity organized in the Federal Republic of Germany is overindebted within the meaning of Section&#8239;19 (&ldquo;<I>&Uuml;berschuldung</I>&rdquo;)
of the German Insolvency Code (<I>Insolvenzordnung</I>). In addition, &ldquo;German Insolvency Event&rdquo; will include, for any German
Loan Party, a petition for insolvency proceedings in respect of the assets (<I>Antrag auf Er&ouml;ffnung eines Insolvenzverfahrens</I>)
of the respective German Loan Party is filed and has not been rejected on the grounds of inadmissibility, unless such filing is frivolous
or without any merit.</P>

<P STYLE="font: 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">&ldquo;<U>German Loan Party</U>&rdquo;
means any Loan Party organized under German 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: 0.5in">&ldquo;<U>German Security</U>&rdquo;
has the meaning set forth in <U>Section&#8239;9.01(d)</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: justify; text-indent: 0.5in">&ldquo;<U>GmbH</U>&rdquo;
means a German limited liability company (<I>Gesellschaft mit beschr&auml;nkter Haftung</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-align: justify; text-indent: 0.5in">&ldquo;<U>GmbHG</U>&rdquo;
means the German Limited Liabilities Companies Act (<I>Gesetz betreffend die Gesellschaften mit beschr&auml;nkter Haftung</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-align: justify; text-indent: 0.5in">&ldquo;<U>Governmental Authority</U>&rdquo;
means any nation or government, the European Union, any state, provincial or other political subdivision thereof, any agency, authority,
instrumentality, regulatory body, court, administrative tribunal, central bank or other entity exercising executive, legislative, judicial,
taxing, regulatory or administrative powers or functions of or pertaining to government (and shall include 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Granting Lender</U>&rdquo;
has the meaning specified in <U>Section&#8239;10.07(j)</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: justify; text-indent: 0.5in">&ldquo;<U>Guarantee</U>&rdquo;
means, as to any Person, without duplication, (a)&#8239;any obligation, contingent or otherwise, of such Person guaranteeing or having
the economic effect of guaranteeing any Indebtedness or other monetary obligation payable or performable by another Person (the &ldquo;<U>primary
obligor</U>&rdquo;) in any manner, whether directly or indirectly, and including any obligation of such Person, direct or indirect, (i)&#8239;to
purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other monetary obligation, (ii)&#8239;to
purchase or lease property, securities or services for the purpose of assuring the obligee in respect of such Indebtedness or other monetary
obligation of the payment or performance of such Indebtedness or other monetary obligation, (iii)&#8239;to maintain working capital, equity
capital or any other financial statement condition or liquidity or level of income or cash flow of the primary obligor so as to enable
the primary obligor to pay such Indebtedness or other monetary obligation, or (iv)&#8239;entered into for the purpose of assuring in any
other manner the obligee in respect of such Indebtedness or other monetary obligation of the payment or performance thereof or to protect
such obligee against loss in respect thereof (in whole or in part), or (b)&#8239;any Lien on any assets of such Person securing any Indebtedness
or other monetary obligation of any other Person, whether or not such Indebtedness or other monetary obligation is assumed by such Person
(or any right, contingent or otherwise, of any holder of such Indebtedness or other monetary obligation to obtain any such Lien); <U>provided</U>
that the term &ldquo;Guarantee&rdquo; shall not include endorsements for collection or deposit, in either case in the ordinary course
of business or consistent with past practice, or customary and reasonable indemnity obligations in effect on the Closing Date or entered
into in connection with any acquisition or disposition of assets permitted under this Agreement (other than such obligations with respect
to Indebtedness). The amount of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the related
primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably
anticipated liability in respect thereof as determined by the guaranteeing Person in good faith. The term &ldquo;Guarantee&rdquo; as
a verb has a corresponding 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"></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">&ldquo;<U>Guaranteed Obligations</U>&rdquo;
has the meaning specified in <U>Section&#8239;11.01</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: justify; text-indent: 0.5in">&ldquo;<U>Guarantor Joinder</U>&rdquo;
means a joinder agreement substantially in the form of Exhibit&#8239;H 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: 0.5in">&ldquo;<U>Guarantors</U>&rdquo;
means each Closing Date Guarantor, those Subsidiaries of Holdings that have issued a Guarantee after the Closing Date pursuant to <U>Section&#8239;6.18</U>
and those Subsidiaries that have issued a Guarantee of the Obligations after the Closing Date pursuant to <U>Section&#8239;6.11</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: justify; text-indent: 0.5in">&ldquo;<U>Guaranty</U>&rdquo;
means, collectively, the guaranty of the Obligations by the Guarantors pursuant 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Hazardous Materials</U>&rdquo;
means all materials, pollutants, contaminants, chemicals, wastes or any other substances, including petroleum or petroleum distillates,
asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas, toxic mold, electromagnetic radio frequency or microwave
emissions, that are listed, classified or regulated as hazardous or toxic, or any similar term, pursuant to any Environmental 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: 0.5in">&ldquo;<U>Holdco</U>&rdquo;
means Holdings and any Intermediate Holding 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: justify; text-indent: 0.5in">&ldquo;<U>Holdings</U>&rdquo;
has the meaning set forth in the introductory paragraph 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Hong Kong</U>&rdquo;
means Hong Kong Special Administrative Region of the People's Republic of China.</P>

<P STYLE="font: 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">&ldquo;<U>Honor Date</U>&rdquo;
has the meaning set forth in Section&#8239;2.03(c)(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-align: justify; text-indent: 0.5in">&ldquo;<U>Indebtedness</U>&rdquo;
means, as to any Person at a particular time, without duplication, all 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 0.5in; text-align: justify; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;all
obligations of such Person for borrowed money and all obligations of such Person evidenced by bonds, debentures, notes, loan agreements
or other similar instruments;</P>

<P STYLE="font: 10pt 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: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
maximum amount (after giving effect to any prior drawings or reductions which may have been reimbursed) of all outstanding letters of
credit (including standby and commercial), bankers&rsquo; acceptances, bank guaranties, surety bonds, performance bonds and similar instruments
issued or created by or for the account of such Person;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;net
obligations of such Person under any Swap Contract;</P>

<P STYLE="font: 10pt 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: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;all
obligations of such Person to pay the deferred purchase price of property or services (other than (i)&#8239;trade accounts payable in
the ordinary course of business, (ii)&#8239;any earn-out obligation until such obligation becomes a liability on the balance sheet of
such Person in accordance with GAAP and is not paid within thirty (30) days after becoming due and payable and (iii)&#8239;liabilities
accrued in the ordinary course);</P>

<P STYLE="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-align: justify; text-indent: 0.5in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;indebtedness
(excluding prepaid interest thereon) secured by a Lien on property owned or being purchased by such Person (including indebtedness arising
under conditional sales or other title retention agreements and mortgage, industrial revenue bond, industrial development bond and similar
financings), whether or not such indebtedness shall have been assumed by such Person or is limited in recourse;</P>

<P STYLE="font: 10pt 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: 0.5in">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;all
Attributable 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-align: justify; text-indent: 0.5in">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;all
obligations of such Person in respect of Disqualified Equity Interests to the extent that the foregoing would constitute indebtedness
or a liability in accordance with GAAP; 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: 0.5in">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
the extent not otherwise included above, all Guarantees of such Person in respect of 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; text-align: justify; text-indent: 0.5in">For all purposes hereof,
the Indebtedness of any Person shall, in the case of the Lead Borrower and its Restricted Subsidiaries, exclude all intercompany Indebtedness
having a term not exceeding 364 days (inclusive of any roll-over or extensions of terms) and made in the ordinary course of business.
The amount of any net obligation under any Swap Contract on any date shall be deemed to be the Swap Termination Value thereof as of such
date. The amount of Indebtedness of any Person for purposes of clause&#8239;(e)&#8239;shall be deemed to be equal to the lesser of (i)&#8239;the
aggregate unpaid amount of such Indebtedness and (ii)&#8239;the fair market value of the property encumbered thereby as determined by
such Person in good faith.</P>

<P STYLE="font: 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">&ldquo;<U>Indemnified Liabilities</U>&rdquo;
has the meaning set forth in <U>Section&#8239;10.05</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: justify; text-indent: 0.5in">&ldquo;<U>Indemnified Taxes</U>&rdquo;
has the meaning set forth in <U>Section&#8239;3.01(a)</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: justify; text-indent: 0.5in">&ldquo;<U>Indemnitees</U>&rdquo;
has the meaning set forth in <U>Section&#8239;10.05</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: justify; text-indent: 0.5in">&ldquo;<U>Independent Financial
Advisor</U>&rdquo; means an accounting, appraisal, investment banking firm or consultant of nationally recognized standing that is, in
the good faith judgment of the Lead Borrower, qualified to perform the task for which it has been engaged and that is independent of
the Lead Borrower and its Affiliates.</P>

<P STYLE="font: 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">&ldquo;<U>Information</U>&rdquo;
has the meaning set forth in <U>Section&#8239;10.08</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: justify; text-indent: 0.5in">&ldquo;<U>Initial Budget</U>&rdquo;
means the budget attached to the Interim DIP Order as <U>Annex I</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: justify; text-indent: 0.5in">&ldquo;<U>Initial New Money
Term Loans</U>&rdquo; has the meaning set forth in <U>Section&#8239;2.01(a)</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: justify; text-indent: 0.5in">&ldquo;<U>Insolvency Regulation</U>&rdquo;
means Regulation (EU) 2015/848 of the European Parliament and of the Council of 20 May&#8239;2015 on insolvency proceedings (recast) as
amended by Regulation (EU) 2021/2260 of the European Parliament and of the Council of 15 December&#8239;2021.</P>

<P STYLE="font: 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">&ldquo;<U>Interest Payment
Date</U>&rdquo; means, (a)&#8239;as to any Benchmark Rate Loan, the last day of each Interest Period applicable to such Loan, any day
on which such Loan is converted into a Base Rate Loan, any day on which payment of principal in respect of such Benchmark Rate Loan is
made (whether as optional or mandatory prepayment or as repayment) and the Maturity Date (whether by acceleration or otherwise) of the
Facility under which such Loan was made; and (b)&#8239;as to any Base Rate Loan, the last Business Day of each month, any day on which
payment of principal in respect of such Base Rate Loan is made (whether as optional or mandatory prepayment or as repayment) and the
Maturity Date (whether by acceleration or otherwise) of the Facility under which such Loan was 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"></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">&ldquo;<U>Interest Period</U>&rdquo;
means, as to each Benchmark Rate Loan, the period commencing on the date such Benchmark Rate Loan is disbursed or converted to or continued
as a Benchmark Rate Loan and ending on the date one (1)&#8239;month thereafter or, to the extent agreed by each Lender of such Benchmark
Rate Loan or twelve (12) months thereafter, as selected by the Lead Borrower in its Committed Loan Notice; <U>provided</U> 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 0.5in; text-align: justify; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
Interest Period that would otherwise end on a day that is not a Business Day shall be extended to the next succeeding Business Day unless
such Business Day falls in another calendar month, in which case such Interest Period shall end on the immediately preceding 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-align: justify; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding
day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of
such Interest Period;</P>

<P STYLE="font: 10pt 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: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;no
Interest Period shall extend beyond the Maturity Date; 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: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;at
the election of the Lead Borrower, the initial Interest Period for any Delayed Draw New Money Term Loan may be shorter than a month (a
 &ldquo;Stub Period&rdquo;) so that such Interest Period ends on the last day of the then-current Interest Period applicable to the outstanding
Initial New Money Term Loans, and thereafter such Delayed Draw New Money Term Loans shall have Interest Periods that are coterminous
with the Interest Periods applicable to the Initial New Money Term 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-align: justify; text-indent: 0.5in">&ldquo;<U>Interim DIP Order</U>&rdquo;
means an order of the Bankruptcy Court in the Chapter 11 Cases, which order (a)&#8239;shall be in form and substance, and on terms and
conditions, reasonably satisfactory to the Loan Parties, Required Lenders and, with respect to those provisions thereof that affect the
rights, obligations, liabilities and duties of the Administrative Agent, to the Administrative Agent, and (b)&#8239;shall, subject to
the foregoing, authorize and approve, on an interim basis, among other matters, (i)&#8239;the Loan Parties&rsquo; entry into the Loan
Documents, (ii)&#8239;the making of the Loans, (iii)&#8239;the granting of the DIP Superpriority Claims against the OpCo Debtors and the
granting of Liens on the Collateral in accordance with the Loan Documents, (iv)&#8239;the use of Super Holdco Cash Collateral (as defined
in the Interim DIP Order), and (v)&#8239;the granting of adequate protection to the Prepetition OpCo 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-align: justify; text-indent: 0.5in">&ldquo;<U>Interim Roll-Up
Term Loans</U>&rdquo; has the meaning set forth in Section&#8239;2.01(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">&ldquo;<U>Intermediate Holding
Company</U>&rdquo; means any wholly-owned Subsidiary of Holdings that (a)&#8239;does not own assets other than issued and outstanding
Equity Interests of the Lead Borrower or a parent (other than Parent) and (b)&#8239;is a Guarantor.</P>

<P STYLE="font: 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">&ldquo;<U>Investment</U>&rdquo;
means, with respect to any Person, all investments by such Person in other Persons (including Affiliates) in the form of any direct or
indirect advance, loan or other extensions of credit (other than advances or extensions of credit to customers, suppliers, directors,
officers or employees of any Person in the ordinary course of business or consistent with past practice, and excluding any debt or extension
of credit represented by a bank deposit other than a time deposit) or capital contribution to (by means of any transfer of cash or other
property to others or any payment for property or services for the account or use of others), or the incurrence of a Guarantee of any
obligation of, or any purchase or acquisition of Equity Interests,&#8239;Indebtedness or other similar instruments issued by, such other
Persons and all other items that are or would be classified as investments on a balance sheet prepared on the basis of GAAP (but excluding,
in the case of the Lead Borrower and its Restricted Subsidiaries, intercompany loans, advances, or Indebtedness having a term not exceeding
364 days (inclusive of any rollover or extensions of terms) and made in the ordinary course of business); <U>provided</U>, <U>however</U>,
that endorsements of negotiable instruments and documents in the ordinary course of business or consistent with past practice will not
be deemed to be an Investment. If the Lead Borrower or any Restricted Subsidiary issues, sells or otherwise disposes of any Equity Interests
of a Person that is a Restricted Subsidiary such that, after giving effect thereto, such Person is no longer a Restricted Subsidiary,
any Investment by the Lead Borrower or any Restricted Subsidiary in such Person remaining after giving effect thereto will be deemed
to be a new Investment at such 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; text-align: justify; text-indent: 0.5in">The amount of any Investment
outstanding at any time shall be the original cost of such Investment (with the fair market value of such Investment being measured at
the time such Investment is made and without giving effect to subsequent changes in value) as reduced by any dividend, distribution,
interest payment, return of capital, repayment or other amount (including in respect of dispositions) received in cash or Cash Equivalents
by a Lead Borrower or a Restricted Subsidiary in respect of such Investment; <U>provided</U> that the aggregate amount of such dividend,
distribution, interest payment, return of capital, repayment or other amount shall not exceed the original amount of 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Investment Grade
Securities</U>&rdquo; means:</P>

<P STYLE="font: 10pt 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: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;securities
issued or directly and fully Guaranteed or insured by the United States or Canadian government or any agency or instrumentality thereof
(other than 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-align: justify; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;debt
securities or debt instruments with a rating of &ldquo;A&ndash;&rdquo; or higher from S&amp;P or &ldquo;A3&rdquo; or higher by Moody&rsquo;s
or the equivalent of such rating by such rating organization or, if no rating of Moody&rsquo;s or S&amp;P then exists, the equivalent
of such rating by any other Nationally Recognized Statistical Ratings Organization, but excluding any debt securities or instruments
constituting loans or advances among the Lead Borrower and its Subsidiaries; 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: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;investments
in any fund that invests exclusively in investments of the type described in clauses&#8239;(a)&#8239;and (b)&#8239;above, which fund may
also hold cash and Cash Equivalents pending investment or 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-align: justify; text-indent: 0.5in">&ldquo;<U>IP Rights</U>&rdquo;
has the meaning set forth in <U>Section&#8239;5.15</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: justify; text-indent: 0.5in">&ldquo;<U>Irish Guarantor</U>&rdquo;
has the meaning set forth in <U>Section&#8239;11.13</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: justify; text-indent: 0.5in">&ldquo;<U>Irish Mobility
Regulations</U>&rdquo; means the European Union (Cross-Border Conversions, Mergers and Divisions) Regulations 2023 (as amended).</P>

<P STYLE="font: 10pt 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">&ldquo;<U>Irish Subsidiary</U>&rdquo;
means any subsidiary of the Lead Borrower incorporated under the laws of Ireland.</P>

<P STYLE="font: 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">&ldquo;<U>Irish Transaction
Security</U>&rdquo; means the security and Liens created or expressed to be created under any Collateral Documents governed by Irish
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: 0.5in">&ldquo;<U>Junior Financing</U>&rdquo;
has the meaning set forth in <U>Section&#8239;7.13(a)</U>. For the avoidance of doubt, the Prepetition Senior Notes shall not constitute
a Junior Financing.</P>

<P STYLE="font: 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">&ldquo;<U>Junior Financing
Documentation</U>&rdquo; means any documentation governing any Junior Financing.</P>

<P STYLE="font: 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">&ldquo;<U>Latest Maturity
Date</U>&rdquo; means, at any date of determination and with respect to the specified Loans or Commitments (or in the absence of any
such specification, all outstanding Loans and Commitments hereunder), the latest Maturity Date applicable to any such Loans or Commitments
hereunder at such 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Laws</U>&rdquo;
means, collectively, all international, foreign, federal, state, regional, provincial and local statutes, treaties, rules, guidelines,
regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration
thereof by any Governmental Authority charged with the enforcement, interpretation or administration thereof, and all applicable administrative
orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental 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-align: justify; text-indent: 0.5in">&ldquo;<U>L/C Advance</U>&rdquo;
means, with respect to each L/C Lender, such Lender&rsquo;s funding of its reimbursement of any drawn Letter of Credit in accordance
with its Pro Rata Share.</P>

<P STYLE="font: 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"><U>&ldquo;L/C Borrowing</U>&rdquo;
means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made
or otherwise reimbursed in accordance with <U>Section&#8239;2.03(c)</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: justify; text-indent: 0.5in">&ldquo;<U>L/C Commitment</U>&rdquo;
shall mean the amount in U.S. Dollars set opposite each Lender&rsquo;s name under the heading &ldquo;L/C Commitment&rdquo; in Schedule
1.01A or in the Assignment and Acceptance pursuant to which such Lender became a party hereto, as the same may be changed or reduced
from time to time pursuant to the terms hereof. The aggregate amount of the L/C Commitments on the Closing Date is $34,129,086.23.</P>

<P STYLE="font: 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">&ldquo;<U>L/C Lender</U>&rdquo;
means any Lender who has an L/C Commitment or is deemed to hold a Roll-Up Loan (Rev) pursuant to Section&#8239;2.03.</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-align: justify; text-indent: 0.5in">&ldquo;<U>L/C Issuer</U>&rdquo;
means DBNY.</P>

<P STYLE="font: 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">&ldquo;<U>L/C Obligations</U>&rdquo;
means as at any date of determination, the sum of (a)&#8239;the aggregate undrawn amount of all Letters of Credit denominated in Dollars
outstanding at such time, (b)&#8239;the Dollar Equivalent of the aggregate undrawn amount of all Letters of Credit denominated in Alternative
Currencies outstanding at such time, and (c)&#8239;the aggregate amount of all Unreimbursed Amounts, including all L/C Borrowings.</P>

<P STYLE="font: 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">&ldquo;<U>Lead Borrower</U>&rdquo;
has the meaning provided in the introductory paragraph 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: 0.5in">&ldquo;<U>Letters of Credit</U>&rdquo;
means any letter of credit issued hereunder, including the Existing Letters of Credit, and any extensions, renewals or replacements 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-align: justify; text-indent: 0.5in">&ldquo;<U>Lender</U>&rdquo;
has the meaning specified in the introductory paragraph to this Agreement and, as the context requires, includes an L/C Issuer, and their
respective successors and assigns as permitted hereunder, each of which is referred to herein as a &ldquo;Lender.&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: 0.5in">&ldquo;<U>Lending Office</U>&rdquo;
means, as to any Lender, such office or offices as such Lender may from time to time notify the Lead Borrower 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">&ldquo;<U>Lien</U>&rdquo;
means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge, or preference,
priority or other security interest or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other
title retention agreement, any easement, right of way or other encumbrance on title to Real Property, and any Capitalized Lease having
substantially the same economic effect as 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Liquidity</U>&rdquo;
means, as of any date of determination, the aggregate amount of unrestricted cash and Cash Equivalents of 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-align: justify; text-indent: 0.5in">&ldquo;<U>Liquidity Report
Deadline</U>&rdquo; has the meaning set forth in <U>Section&#8239;6.20</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: justify; text-indent: 0.5in">&ldquo;<U>Loan</U>&rdquo;
means an extension of credit by a Lender to the Borrowers under <U>Article&#8239;II</U> in the form of a Term 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-align: justify; text-indent: 0.5in">&ldquo;<U>Loan Documents</U>&rdquo;
means, collectively, (a)&#8239;this Agreement, (b)&#8239;the Notes, (c)&#8239;the Collateral Documents, (d)&#8239;the Agent Fee Letter, (e)&#8239;any
other document or instrument designated by the Lead Borrower and the Administrative Agent as a &ldquo;Loan Document&rdquo; and (f)&#8239;any
other amendment or joinder 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Loan Parties</U>&rdquo;
means, collectively, each Borrower and each Guarantor.</P>

<P STYLE="font: 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">&ldquo;<U>LuxCo Finance</U>&rdquo;
means Trinseo LuxCo Finance SPV S.&agrave; r.l., a private limited liability company (<I>soci&eacute;t&eacute; &agrave; responsabilit&eacute;
limit&eacute;e</I>), organized and established under the laws of the Grand Duchy of Luxembourg, having its registered office at 130,
Boulevard de la P&eacute;trusse, L-2330 Luxembourg, Grand Duchy of Luxembourg, registered with the RCS under number B279526</P>

<P STYLE="font: 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">&ldquo;<U>Luxembourg</U>&rdquo;
means the Grand Duchy of Luxembourg.</P>

<P STYLE="font: 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">&ldquo;<U>Luxembourg Guarantor</U>&rdquo;
means a Guarantor incorporated in Luxembourg or having its centre of main interests (as this term is used in Article&#8239;3(1)&#8239;of
the Insolvency Regulation) in Luxembourg; <U>provided</U> that for purposes of <U>Section&#8239;11.12</U>, it shall mean any Guarantor
incorporated in Luxembourg that is a Subsidiary of the Lead 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-align: justify; text-indent: 0.5in">&ldquo;<U>Luxembourg Insolvency
Event</U>&rdquo; means, in relation to any entity incorporated and located in Luxembourg or any of its assets, any corporate action,
legal proceedings or other procedure or step in relation to bankruptcy (<I>faillite</I>), insolvency, liquidation, administrative dissolution
without liquidation (<I>dissolution administrative sans liquidation</I>), moratorium or reprieve from payment (<I>sursis de paiement</I>),
fraudulent conveyance (<I>actio pauliana</I>), general settlement with creditors, out-of-court mutual agreement (<I>r&eacute;organisation
extra-judiciaire par accord amiable</I>), judicial reorganisation (<I>r&eacute;organisation judiciaire</I>), judicial reorganisation
in the form of a stay to enter into a mutual agreement (<I>r&eacute;organisation par sursis accord amiable</I>), judicial reorganisation
by collective agreement (<I>r&eacute;organisation judiciaire par accord collectif</I>), judicial reorganisation by transfer of assets
or activities (<I>r&eacute;organisation judiciaire par transfert sous autorit&eacute; de justice</I>), conciliation (<I>conciliation</I>)
or protective measures (<I>mesures en vue de pr&eacute;server les entreprises</I>), reorganization or similar laws affecting the rights
of creditors generally.</P>

<P STYLE="font: 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">&ldquo;<U>Luxembourg Insolvency
Register</U>&rdquo; means the Luxembourg Insolvency Register (Registre de l&rsquo;insolvabilit&eacute;) held and maintained by the RCS.</P>

<P STYLE="font: 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">&ldquo;<U>Luxembourg Loan
Party</U>&rdquo; means a Loan Party incorporated in Luxembourg or having its centre of main interests (as this term is used in Article&#8239;3(1)&#8239;of
the Insolvency Regulation) in Luxembourg.</P>

<P STYLE="font: 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">&ldquo;<U>Management Advances</U>&rdquo;
means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants
of any Holdco, the Borrowers 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-align: justify; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;(a)&#8239;in
respect of travel, entertainment or moving-related expenses or other similar expenses or payroll advances incurred in the ordinary course
of business or consistent with past practice or (b)&#8239;for purposes of funding any such person&rsquo;s purchase of Equity Interests
(or similar obligations) of the Holdcos (or any Parent) or any Restricted Subsidiary of the Lead 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 0pt 0.5in; text-align: justify; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;in
respect of moving-related expenses incurred in connection with any closing or consolidation of any facility or office; 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: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;not
exceeding $1,000,000 in the aggregate outstanding 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Management Stockholders</U>&rdquo;
means the members of management of any Holdco (or any Parent), the Lead Borrower or any Restricted Subsidiary who are investors in Holdings
or any 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"></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">&ldquo;<U>Margin Stock</U>&rdquo;
shall have the meaning assigned to such term in Regulation U of the FRB.</P>

<P STYLE="font: 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">&ldquo;<U>Master Agreement</U>&rdquo;
has the meaning specified in the definition of &ldquo;Swap Contract.&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: 0.5in">&ldquo;<U>Material Adverse
Effect</U>&rdquo; means a (a)&#8239;material adverse effect on the business, operations, assets, liabilities (actual or contingent) or
financial condition of the Lead Borrower and its Restricted Subsidiaries, taken as a whole; (b)&#8239;material adverse effect on the ability
of the Loan Parties (taken as a whole) to fully and timely perform any of their payment obligations under any Loan Document to which
the Lead Borrower or any of the Loan Parties is a party; or (c)&#8239;material adverse effect on the rights and remedies available to
the Lenders or the Collateral Agent under any Loan Document or on the ability of the Loan Parties, taken as a whole, to perform their
payment obligations to the Lenders, in each case, under the Loan Documents, in each case, other than the commencement of the Chapter
11 Cases, the events that lead to the commencement of the Chapter 11 Cases, events that customarily and reasonably result from the commencement
of the Chapter 11 Cases and the consummation of the transactions contemplated by the First Day Orders and the Restructuring Support 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">&ldquo;<U>Maturity Date</U>&rdquo;
means the earliest to occur of (a)&#8239;May&#8239;28, 2027, (b)&#8239;11:59 p.m.&#8239;New York City Time on the date that is four (4)&#8239;calendar
days after the Petition Date if the Interim DIP Order, in form and substance acceptable in all respects to the Required Lenders, has
not been entered by the Bankruptcy Court prior to such date and time, (c)&#8239;11:59 p.m.&#8239;New York City Time on the date that is
thirty-five (35) calendar days after the Petition Date (or if such thirty-fifth day is not a Business Day, the first succeeding Business
Day thereafter), if the Final DIP Order, in form and substance acceptable in all respects to the Required Lenders, has not been entered
by the Bankruptcy Court prior to such date and time, (d)&#8239;Chapter 11 Plan Effective Date, (e)&#8239;dismissal of any of the Chapter
11 Cases or conversion of any of the Chapter 11 Cases into a case under Chapter 7 of the Bankruptcy Code without the prior written consent
of the Required Lenders, (f)&#8239;the acceleration of the outstanding Term Loans and the termination of the commitments of each Lender
to make Term Loans under the this Agreement, in each case, pursuant to Section&#8239;8.02, and (g)&#8239;the closing of a sale of all or
substantially all assets or equity of the Loan Parties (other than to another 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: 0.5in">&ldquo;<U>Maximum Rate</U>&rdquo;
has the meaning specified in <U>Section&#8239;10.10</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: justify; text-indent: 0.5in">&ldquo;<U>Maximum Securitization
Facility Size</U>&rdquo; means, at any time, with respect to a Permitted Securitization, the aggregate amount of the revolving commitments
(or equivalent commitments) that the lenders or purchasers under such Permitted Securitization are committed to fund (whether or not
any conditions to funding have been satisfied) for the maximum possible amount of funding committed to be provided under such Permitted
Securitization by such lenders or purchasers.</P>

<P STYLE="font: 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">&ldquo;<U>MNPI</U>&rdquo;
means, with respect to any Person, information and documentation that is (a)&#8239;(x)&#8239;not publicly available if such Person and
its Subsidiaries are public reporting companies or (y)&#8239;of a type that would not be publicly available (and could not be derived
from publicly available information) if such Person and its Subsidiaries were public reporting companies and (b)&#8239;material with respect
to such Person, its Subsidiaries or the respective securities of such Person and its Subsidiaries for purposes of United States Federal
and state securities laws, in each case, assuming such laws were applicable to such Person 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Milestones</U>&rdquo;
has the meaning set forth in <U>Schedule 1.01B</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: justify; text-indent: 0.5in">&ldquo;<U>Moody&rsquo;s</U>&rdquo;
means Moody&rsquo;s Investors Service,&#8239;Inc. and any successor 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-align: justify; text-indent: 0.5in">&ldquo;<U>Multiemployer Plan</U>&rdquo;
means a &ldquo;multiemployer plan&rdquo; as defined in Section&#8239;4001(a)(3)&#8239;of ERISA, to which any Loan Party, any Restricted
Subsidiary or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five (5)&#8239;plan years, has
made or been obligated to make contributions.</P>

<P STYLE="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">&ldquo;<U>Nationally Recognized
Statistical Rating Organization</U>&rdquo; means a nationally recognized statistical rating organization within the meaning of Rule&#8239;436
under the Securities 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: 0.5in">&ldquo;<U>Net Assets</U>&rdquo;
means net assets of the relevant German Guarantor calculated (on the date on which the relevant German Guarantor becomes a party to this
Agreement) in accordance with the principle of orderly bookkeeping (<I>Grunds&auml;tze ordnungsm&auml;&szlig;iger Buchf&uuml;hrung</I>)
applying the same accounting principles (<I>Bilanzierungsgrunds&auml;tze</I>) which have been consistently applied by the relevant German
Guarantor in preparing its unconsolidated balance sheets (<I>Jahresabschluss</I>) (Section&#8239;42 GmbHG, Sections 242, 264 German Commercial
Code (<I>Handelsgesetzbuch</I>)) in the previous years, save that the following balance sheet items shall be adjusted as follows: (i)&#8239;as
far as the registered share capital was not paid in full, the amount not paid in shall be deducted from the amount of the registered
share capital of that German Guarantor; (ii)&#8239;loans provided to the relevant German Guarantor by a member of the Group shall be disregarded,
if and to the extent that such loans were subordinated pursuant to Section&#8239;39 paragraph 1 Nr. 5 or Section&#8239;39 paragraph 2 of
the German Insolvency Code (<I>Insolvenzordnung</I>) (or would be subordinated in case of insolvency) and (iii)&#8239;financial liabilities
incurred by that German Guarantor in breach of the Loan Documents shall not be taken into account as liabilities.</P>

<P STYLE="font: 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">&ldquo;<U>Net Proceeds</U>&rdquo;
means:</P>

<P STYLE="font: 10pt 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: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;100%
of the cash proceeds actually received by the Lead Borrower or any of its Restricted Subsidiaries (including any cash payments received
by way of deferred payment of principal pursuant to a note or installment receivable or purchase price adjustment receivable or otherwise
and including casualty insurance settlements and condemnation awards, but in each case only as and when received) from any Disposition
or Casualty Event, net of (i)&#8239;attorneys&rsquo; fees, accountants&rsquo; fees, investment banking fees, survey costs, title insurance
premiums, and related search and recording charges, transfer taxes, deed or mortgage recording taxes, required debt payments and required
payments of other obligations (including without limitation principal amount, premium or penalty, if any, interest and other amounts)
(other than pursuant to the Loan Documents), other customary expenses and brokerage, consultant and other customary fees actually incurred
in connection therewith, (ii)&#8239;in the case of any Disposition or Casualty Event by a non-wholly owned Restricted Subsidiary, the
<U>pro rata</U> portion of the Net Proceeds thereof (calculated without regard to this clause&#8239;(ii)) attributable to minority interests
and not available for distribution to or for the account of the Lead Borrower or a wholly owned Restricted Subsidiary as a result thereof,
(iii)&#8239;taxes paid or reasonably estimated to be payable as a result thereof, and (iv)&#8239;the amount of any reasonable reserve established
in accordance with GAAP against any adjustment to the sale price or any liabilities (other than any taxes deducted pursuant to clause&#8239;(i)&#8239;above)
(x)&#8239;related to any of the applicable assets and (y)&#8239;retained by the Lead Borrower or any of its Restricted Subsidiaries including,
without limitation, pension and other post-employment benefit liabilities and liabilities related to environmental matters or against
any indemnification obligations (however, the amount of any subsequent reduction of such reserve (other than in connection with a payment
in respect of any such liability) shall be deemed to be Net Proceeds of such Disposition or Casualty Event occurring on the date of such
reduction);</P>

<P STYLE="font: 10pt 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: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 7pt">&#8239;</FONT>&#8239;&#8239;&#8239;&#8239;100%
of the cash proceeds actually received from the incurrence, issuance or sale by the Lead Borrower or any of the Restricted Subsidiaries
of any Indebtedness, net of all taxes paid or reasonably estimated to be payable as a result thereof and fees (including investment banking
fees and discounts and attorneys fees), commissions, costs and other expenses, in each case incurred in connection with such issuance
or sale; 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: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;100%
of the cash proceeds actually received from the issuance or sale of Equity Interests in Holdings or the Lead Borrower, net of all taxes
paid or reasonably estimated to be payable as a result thereof and fees (including investment banking fees and discounts attorneys fees),
commissions, costs and other expenses, in each case incurred in connection with such issuance or sale.</P>

<P STYLE="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">For purposes of calculating
the amount of Net Proceeds, fees, commissions and other costs and expenses payable to the Lead Borrower 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-align: justify; text-indent: 0.5in">&ldquo;<U>New Money Commitments</U>&rdquo;
shall mean the amount in U.S. Dollars set opposite each Lender&rsquo;s name under the heading &ldquo;New Money Commitment&rdquo; in <U>Schedule
1.01A</U> or in the Assignment and Acceptance pursuant to which such Lender became a party hereto, as the same may be changed or reduced
from time to time pursuant to the terms hereof. The aggregate amount of the New Money Commitments on the Closing Date is $90,000,000.</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; text-align: justify; text-indent: 0.5in">&ldquo;<U>New Money Term
Loans</U>&rdquo; shall have the meaning specified in Section&#8239;2.01(a)&#8239;and shall include, for the avoidance of doubt, the Initial
New Money Term Loans and the Delayed Draw New Money Term 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-align: justify; text-indent: 0.5in">&ldquo;<U>Non-Consenting
Lender</U>&rdquo; has the meaning set forth in <U>Section&#8239;3.07(d)</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: justify; text-indent: 0.5in">&ldquo;<U>Non-Defaulting
Lender</U>&rdquo; means, at any time, a Lender that is not a Defaulting 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-align: justify; text-indent: 0.5in">&ldquo;<U>Non-Loan Party</U>&rdquo;
means any Restricted Subsidiary that is not a 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: 0.5in">&ldquo;<U>Note</U>&rdquo;
means a Term Note.</P>

<P STYLE="font: 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">&ldquo;<U>Obligated Party</U>&rdquo;
has the meaning set forth in <U>Section&#8239;1.03(c)</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: justify; text-indent: 0.5in">&ldquo;<U>Obligations</U>&rdquo;
means all advances to, and debts, liabilities, obligations, covenants and duties of, any Loan Party and its Restricted Subsidiaries arising
under any Loan Document or otherwise with respect to any Loan or Letter of Credit, whether direct or indirect (including those acquired
by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest and fees that
accrue after the commencement by or against any Loan Party or Restricted Subsidiary of any proceeding under any Debtor Relief Laws naming
such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding. Without
limiting the generality of the foregoing, the Obligations of the Loan Parties under the Loan Documents (and of their Restricted Subsidiaries
to the extent they have obligations under the Loan Documents) include (a)&#8239;the obligation (including guarantee obligations) to pay
principal, interest, Letter of Credit fees, reimbursement obligations, charges, expenses, fees, Attorney Costs, indemnities and other
amounts payable by any Loan Party under any Loan Document and (b)&#8239;the obligation of any Loan Party to reimburse any amount in respect
of any of the foregoing that any Lender, in its sole discretion, may elect to pay or advance on behalf of such 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: 0.5in">&ldquo;<U>Officer&rsquo;s
Certificate</U>&rdquo; means, with respect to any Person, a certificate signed by one Responsible Officer of such Person. Unless otherwise
provided, &ldquo;Officer&rsquo;s Certificate&rdquo; means an Officer&rsquo;s Certificate of the Lead 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-align: justify; text-indent: 0.5in">&ldquo;<U>OID</U>&rdquo;
means original issue discount.</P>

<P STYLE="font: 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">&ldquo;<U>OpCo 2028 Term
Lenders Ad Hoc Group</U>&rdquo; means that certain ad hoc group of Prepetition Super HoldCo Lenders represented by Gibson, Dunn&#8239;&amp;
Crutcher LLP, (b)&#8239;Lazard Freres&#8239;&amp; Co.</P>

<P STYLE="font: 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">&ldquo;<U>OpCo 2028 Term
Lenders Ad Hoc Group&rsquo;s Advisors</U>&rdquo; means, collectively, (i)&#8239;Gibson, Dunn&#8239;&amp; Crutcher LLP, as counsel to the
OpCo 2028 Term Lenders Ad Hoc Group, (ii)&#8239;Lazard Freres&#8239;&amp; Co., as financial advisor to OpCo 2028 Term Lenders Ad Hoc Group
and (iii)&#8239;subject to prior written consent of the Lead Borrower (such consent not to be unreasonably withheld, conditioned or delayed),
such other attorneys, financial advisors or professionals retained by or on behalf of the OpCo 2028 Term Lenders Ad Hoc Group).</P>

<P STYLE="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">&ldquo;<U>OpCo Debtors</U>&rdquo;
means means each of Parent, Holdings, the Lead Borrower and the Co-Borrower and any other entity, as set forth under the heading &ldquo;<U>OpCo
Debtors</U>&rdquo; on <U>Schedule 1.01D</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: justify; text-indent: 0.5in">&ldquo;<U>Organization Documents</U>&rdquo;
means, (a)&#8239;with respect to any corporation, the certificate or articles of incorporation, the articles of association, the bylaws
and the unanimous shareholder agreements or declarations (or equivalent or comparable constitutive documents with respect to any non-U.S.
jurisdiction); (b)&#8239;with respect to any limited liability company, the certificate or articles of formation or organization and the
operating or limited liability company agreement (or equivalent or comparable documents with respect to any non-U.S. jurisdiction) or
articles of association; (c)&#8239;with respect to any partnership, joint venture, trust or other form of business entity, the articles
of association, the partnership, joint venture or other applicable agreement of formation or organization and any agreement, instrument,
filing or notice with respect thereto filed in connection with its formation or organization with the applicable Governmental Authority
in the jurisdiction of its formation or organization and, if applicable, any certificate or articles of formation or organization of
such entity; and (d)&#8239;in respect of any German Loan Party, its (i)&#8239;articles of association (<I>Satzung</I>), (ii)&#8239;commercial
register extract (<I>Handelsregisterauszug</I>) and list of shareholders (<I>Gesellschafterliste</I>); and (e)&#8239;in respect of any
Swedish Guarantor, its (i)&#8239;articles of association (Sw<I>. bolagsordning</I>) and (ii)&#8239;certificate of registration (Sw. <I>registreringsbevis</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-align: justify; text-indent: 0.5in">&ldquo;<U>Other Connection
Taxes</U>&rdquo; means, with respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient
and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party
to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction
pursuant to or enforced any Loan Document).</P>

<P STYLE="font: 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">&ldquo;<U>Other Taxes</U>&rdquo;
has the meaning specified in <U>Section&#8239;3.01(a)</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: justify; text-indent: 0.5in">&ldquo;<U>Outstanding Amount</U>&rdquo;
means (a)&#8239;with respect to the Term Loans, on any date, the aggregate outstanding Dollar Amount thereof after giving effect to any
borrowings and prepayments or repayments of Term Loans (including any refinancing of outstanding unpaid drawings under Letters of Credit
or L/C Credit Extensions as a deemed Roll-Up Loan (Rev) pursuant to <U>Section&#8239;2.03</U>); and (b)&#8239;with respect to any L/C Obligations
on any date, the outstanding Dollar Amount thereof on such date after giving effect to any L/C Credit Extension occurring on such date
and any other changes thereto as of such date, including as a result of any reimbursements of outstanding unpaid drawings under any Letters
of Credit (including any refinancing of outstanding unpaid drawings under Letters of Credit or L/C Credit Extensions as a deemed Roll-Up
Loan (Rev) pursuant to <U>Section&#8239;2.03</U>) or any reductions in the maximum amount available for drawing under Letters of Credit
taking effect 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Overnight Rate</U>&rdquo;
means, for any day, (a)&#8239;with respect to any amount denominated in Dollars, the greater of the Federal Funds Rate and an overnight
rate determined by the Administrative Agent, an L/C Issuer, as applicable, in accordance with banking industry rules&#8239;on interbank
compensation, (b)&#8239;with respect to any amount denominated in any Alternative Currency, the rate of interest per annum at which overnight
deposits in such Alternative Currency, in an amount approximately equal to the amount with respect to which such rate is being determined,
would be offered for such day by a branch or Affiliate of the Administrative Agent or the L/C Issuer, as applicable, in the applicable
offshore interbank market for such Alternative Currency to major banks in such interbank market.</P>

<P STYLE="font: 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">&ldquo;<U>Parallel Debt</U>&rdquo;
has the meaning specified in <U>Section&#8239;9.15(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"></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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Parent</U>&rdquo;
means Trinseo Public Limited Company, a public limited company incorporated in Ireland with registered number 56269, and any holding
company Subsidiary thereof which owns, directly or indirectly, 100% of the outstanding Equity Interests of the Lead Borrower.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Participant</U>&rdquo;
has the meaning specified in <U>Section&nbsp;10.07(e)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Participant Register</U>&rdquo;
has the meaning specified in <U>Section&nbsp;10.07(e)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Participating Member
State</U>&rdquo; means each state so described in any EMU Legislation.</P>

<P STYLE="font: 10pt Times New Roman, 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>PBGC</U>&rdquo;
means the Pension Benefit Guaranty Corporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Pension Plan</U>&rdquo;
means any &ldquo;employee pension benefit plan&rdquo; (as such term is defined in Section&nbsp;3(2)&nbsp;of ERISA), other than a Multiemployer
Plan or Foreign Pension Plan, that is subject to Title IV of ERISA and is sponsored or maintained by any Loan Party, any Restricted Subsidiary
or any ERISA Affiliate, and such plan for the five-year period immediately following the latest date on which any Loan Party or Subsidiary
maintained, contributed to or had an obligation to contribute to 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-align: justify; text-indent: 0.5in">&ldquo;<U>Periodic Term SOFR
Determination Day</U>&rdquo; has the meaning specified in the definition of &ldquo;Term SOFR&rdquo;.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Permanent Representative</U>&rdquo;
means the permanent representative of the general partner of Trinseo 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-align: justify; text-indent: 0.5in">&ldquo;<U>Permitted Investment</U>&rdquo;
means (in each case, by the Lead Borrower or any of its Restricted 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-align: justify; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Investments
in (i)&nbsp;a Restricted Subsidiary (including the Equity Interests of a Restricted Subsidiary) or the Lead Borrower or (ii)&nbsp;a Person
(including the Equity Interests of any such Person) that will, upon the making of such Investment, become a Restricted Subsidiary; <U>provided</U>
that any Investment pursuant to this clause&nbsp;(a)&nbsp;made by Loan Parties in Persons that are not, or will not contemporaneously
with such Investment become, Loan Parties shall not exceed (when added to the aggregate amount of Investments made by any Loan Parties
in Persons that do not merge, consolidate or otherwise combine with or into, or transfer or convey substantially all of their assets,
to Loan Parties pursuant to clause&nbsp;(b)(ii)&nbsp;below) an aggregate amount outstanding at any time equal to the greater of $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 0pt 0.5in; text-align: justify; text-indent: 0.5in">(b)&#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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Investments
in cash, Cash Equivalents or Investment Grade 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 0pt 0.5in; text-align: justify; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Investments
in receivables owing to the Lead Borrower or any Restricted Subsidiary created or acquired in the ordinary course of business;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Investments
(i)&nbsp;in payroll, travel, entertainment expenses, moving expenses and similar advances to cover matters that are expected at the time
of such advances ultimately to be treated as expenses for accounting purposes and that are made in the ordinary course of business or
(ii)&nbsp;to fund such Person&rsquo;s purchase of Equity Interests of Lead Borrower or any of its Parents;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Management
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 0pt 0.5in; text-align: justify; text-indent: 0.5in">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Investments
received in settlement of debts created in the ordinary course of business and owing to the Lead Borrower or any Restricted Subsidiary
or in exchange for any other Investment or accounts receivable held by Lead Borrower or any such Restricted Subsidiary, or as a result
of foreclosure, perfection or enforcement of any Lien, or in satisfaction of judgments or pursuant to any plan of reorganization or similar
arrangement including upon the bankruptcy or insolvency of a debtor or otherwise with respect to any secured Investment or other transfer
of title with respect to any secured Investment in 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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Investments
made as a result of the receipt of non-cash consideration from a sale or other disposition of property or assets, including a Disposition;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
 &#8239;&#8239;Investments existing or pursuant to agreements or arrangements in effect on the Closing Date or made pursuant to binding
commitments in effect on the Issue Date, in each case, as set forth on <U>Schedule 1.01E</U>, and any modification, replacement, renewal
or extension thereof; <I><U>provided</U></I> that the amount of any such Investment or binding commitment may not be increased except
(a)&nbsp;as required by the terms of such Investment or binding commitment as in existence on the Closing Date or (b)&nbsp;as otherwise
permitted 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 0pt 0.5in; text-align: justify; text-indent: 0.5in">(j)&#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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(k)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;pledges
or deposits with respect to leases or utilities provided to third parties in the ordinary course of business or Liens permitted under
<U>Section&nbsp;7.01</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 0pt 0.5in; text-align: justify; text-indent: 0.5in">(l)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
Investment to the extent made using Equity Interests of the Lead Borrower (other than Disqualified 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 0pt 0.5in; text-align: justify; text-indent: 0.5in">(m)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
Investment arising out of, or in connection with, Cash Management 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 0pt 0.5in; text-align: justify; text-indent: 0.5in">(n)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Investments
consisting of purchases and acquisitions of assets, services, inventory, supplies, materials and equipment or licenses or leases of intellectual
property, in any case, in the ordinary course of business and in accordance with this Agreement;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(o)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;(i)&nbsp;Guarantees
not prohibited under <U>Section&nbsp;7.03</U> and (other than with respect to Indebtedness) guarantees, keepwells and similar arrangements
in the ordinary course of business, and (ii)&nbsp;performance guarantees with respect to obligations incurred by the Lead Borrower or
any of its Restricted Subsidiaries that are 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 0.5in; text-align: justify; text-indent: 0.5in">(p)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Investments
consisting of earnest money deposits required in connection with a purchase agreement, or letter of intent, or other acquisitions to
the extent not otherwise prohibited 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 0.5in; text-align: justify; text-indent: 0.5in">(q)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Investments
of a Restricted Subsidiary acquired after the Closing Date or of an entity merged into the Lead Borrower or merged into or consolidated
with a Restricted Subsidiary after the Closing Date to the extent that such Investments were not made in contemplation of or in connection
with such acquisition, merger or consolidation and were in existence on the date of such acquisition, merger or consolidation;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(r)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Investments
consisting of licensing of intellectual property pursuant to joint marketing arrangements with other 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 0.5in; text-align: justify; text-indent: 0.5in">(s)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;contributions
to a &ldquo;rabbi&rdquo; trust for the benefit of employees or other grantor trust subject to claims of creditors in the case of a bankruptcy
of the Borrowers;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(t)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Investments
in joint ventures and Unrestricted Subsidiaries existing as of the Closing 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-align: justify; text-indent: 0.5in">(u)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;additional
Investments having an aggregate fair market value, taken together with all other Investments made pursuant to this clause&nbsp;(u)&nbsp;that
are at that time outstanding, not to exceed $1,000,000; <U>provided</U> that if such Investment is in Equity Interests of a Person that
subsequently becomes a Restricted Subsidiary, such Investment shall thereafter be deemed permitted under clause&nbsp;(a)&nbsp;or (b)&nbsp;above
and shall not be included as having been made pursuant to this clause (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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    <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-align: justify; text-indent: 0.5in">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
Investment by the Borrowers or a Subsidiary of the Borrowers in (x)&nbsp;a Securitization Subsidiary or (y)&nbsp;any other Person in
connection with a Permitted Securitization, including Investments of funds held in accounts permitted or required by the arrangement
governing such Permitted Securitization or any related Indebtedness; <U>provided</U> that such Investment is in the form of a purchase
money obligation, contribution of additional Securitization Assets or 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 0pt 0.5in; text-align: justify; text-indent: 0.5in">(w)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;advances,
loans or extensions of trade credit in the ordinary course of business by the Lead Borrower or any of its Restricted Subsidiaries and
Investments consisting of extensions of credit in the nature of accounts receivable or notes arising from the grant of trade credit in
the ordinary course of business;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(x)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Investments
in the ordinary course of business consisting of Uniform Commercial Code Article&nbsp;3 endorsements for collection or deposit and Article&nbsp;4
customary trade arrangements with customers consistent with industry practice;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(y)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
Investment in securities or other assets not constituting Cash Equivalents and received in connection with a Disposition made under <U>Section&nbsp;7.05</U>
or any other disposition of assets not constituting a Disposition;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(z)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Investments
in prepaid expenses, negotiable instruments held for collection and lease, utility and workers compensation, performance and similar
deposits entered into as a result of the operations of the business in the ordinary course of business;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(aa)&#8239;&#8239;&#8239;
 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Investments made in the ordinary course of business in connection with obtaining, maintaining
or renewing client contracts and loans or advances made to distributors in the ordinary course of business;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(bb)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Investments
in Aristech and Altuglas to fund or support ordinary course business operations;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(cc)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
the extent constituting an Investment, Guarantees of the &ldquo;Obligations&rdquo; under and as defined in the Prepetition Superpriority
Credit Agreement;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(dd)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
the extent constituting an Investment, the Guarantee of Prepetition Super HoldCo Secured Obligations by the Prepetition Super HoldCo
Foreign 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 0pt 0.5in; text-align: justify; text-indent: 0.5in">(ee)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;[reserved];
and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(ff)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
the extent constituting an Investment, the parent guaranty provided by the Lead Borrower pursuant to any Permitted Securitization.</P>

<P STYLE="font: 10pt Times New Roman, 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">For purposes of determining
whether an Investment is a Permitted Investment or is otherwise a Restricted Investment permitted to be made pursuant to <U>Section&nbsp;7.06</U>,
in the event that an Investment (or any portion thereof) at any time, whether at the time of making of such Investment or upon or subsequently,
meets the criteria of more than one of the categories of Permitted Investments described in clauses (a)&nbsp;through (aa) above or any
other provision of <U>Section&nbsp;7.06</U>, the Lead Borrower, in its sole discretion, will classify and may subsequently reclassify
such Investment (or any portion thereof) in any one or more of the types of Investments described in clauses (a)&nbsp;through (aa) above
or any other applicable clause in <U>Section&nbsp;7.06</U> and will only be required to include the amount and type of such Investment
in such of the above clauses or clauses in Section&nbsp;7.06 as determined by the Lead Borrower 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Permitted Refinancing</U>&rdquo;
means, with respect to any Person, any modification, refinancing, refunding, renewal, replacement or extension of any Indebtedness of
such Person; <U>provided</U> that (a)&nbsp;the principal amount (or accreted value, if applicable) thereof does not exceed the principal
amount (or accreted value, if applicable) of the Indebtedness so modified, refinanced, refunded, renewed, replaced or extended except
by an amount equal to unpaid accrued interest and premium thereon <U>plus</U> other amounts owing or paid related to such Indebtedness,
<U>plus</U> fees and expenses reasonably incurred, in connection with such modification, refinancing, refunding, renewal, replacement
or extension and by an amount equal to any existing commitments unutilized thereunder, (b)&nbsp;other than with respect to a Permitted
Refinancing in respect of Indebtedness permitted pursuant to <U>Section&nbsp;7.03(e)</U>, such modification, refinancing, refunding,
renewal, replacement or extension has a final maturity date equal to or later than the final maturity date of, and has a Weighted Average
Life to Maturity equal to or greater than the Weighted Average Life to Maturity of, the Indebtedness being modified, refinanced, refunded,
renewed, replaced or extended, (c)&nbsp;other than with respect to a Permitted Refinancing in respect of Indebtedness permitted pursuant
to <U>Section&nbsp;7.03(e)</U>, at the time thereof, no Event of Default shall have occurred and be continuing, (d)&nbsp;if such Indebtedness
being modified, refinanced, refunded, renewed, replaced or extended is Junior Financing, to the extent such Indebtedness being modified,
refinanced, refunded, renewed, replaced or extended is subordinated in right of payment to the Obligations, such modification, refinancing,
refunding, renewal, replacement or extension is subordinated in right of payment to the Obligations on terms at least as favorable to
the Lenders as those contained in the documentation governing the Indebtedness being modified, refinanced, refunded, renewed, replaced
or extended, (e)&nbsp;to the extent such Indebtedness being modified, refinanced, refunded, renewed, replaced or extended is secured
by the Collateral and/or subject to intercreditor arrangements for the benefits of the Lenders, such modification, refinancing, refunding,
renewal, replacement or extension is either (1)&nbsp;unsecured or (2)&nbsp;secured and, if secured, subject to intercreditor arrangements
on terms at least as favorable (including with respect to priority) to the Lenders as those contained in the documentation governing
the Indebtedness being modified, refinanced, refunded, renewed, replaced or extended, and such modification refinancing, refunding, renewal,
replacement or extension is incurred only by one or more Persons who is an obligor of the Indebtedness being modified, refinanced, refunded,
renewed, replaced or extended, (f)&nbsp;any such modification, refinancing, renewal, replacement, or extension has the same primary obligor
and the same (or fewer) guarantors as the Indebtedness being modified, refinanced, refunded, renewed, replaced or extended and (g)&nbsp;if
such Indebtedness being modified, refinanced, refunded, renewed, replaced or extended is unsecured, such modification, refinancing, refunding,
renewal, replacement or extension is unsecured. Any reference to a Permitted Refinancing in this Agreement or any other Loan Document
shall be interpreted to mean (a)&nbsp;a Permitted Refinancing of the subject Indebtedness and (b)&nbsp;any further refinancings constituting
a Permitted Refinancing of the Indebtedness resulting from a prior Permitted Refinancing.</P>

<P STYLE="font: 10pt Times New Roman, 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>Permitted Securitization</U>&rdquo;
means a Securitization that complies with the following criteria: (i)&nbsp;the originator with respect to such Securitization shall be
organized under the laws of Switzerland, Germany, France, The Netherlands, Sweden, Finland, Spain, the United Kingdom,&nbsp;Italy,&nbsp;Ireland
or the United States, (ii)&nbsp;the Securitization, including the sale of the Securitization Assets and the incurrence of Indebtedness
in connection therewith is effected on market terms, taking into account the applicable Securitization market for assets similar to the
respective Securitization Assets and the structure implemented for such Securitization (as determined in good faith by the Lead Borrower),
(iii)&nbsp;the sum of the Maximum Securitization Facility Sizes for all Securitizations shall not at any time exceed $260,000,000, (iv)&nbsp;the
Securitization Seller&rsquo;s Retained Interest and all proceeds thereof shall constitute Collateral hereunder and all necessary steps
to perfect a security interest in such Securitization Seller&rsquo;s Retained Interest in favor of the Collateral Agent are taken by
the Lead Borrower or Restricted Subsidiary and (v)&nbsp;such Securitization shall not be secured by, and no Securitization Subsidiary
shall hold, any Adverse Claim on any assets other than the applicable Securitization Assets and the proceeds thereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Permitted Variance</U>&rdquo;
means 17.5%.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Plan</U>&rdquo;
means any &ldquo;employee benefit plan&rdquo; (as such term is defined in Section&nbsp;3(3)&nbsp;of ERISA) established by any Loan Party
or Subsidiary or, with respect to any such plan that is subject to Section&nbsp;412 of the Code or Title IV of ERISA, any ERISA Affiliate,
and such plan for the five-year period immediately following the latest date on which any Loan Party, any Subsidiary or an ERISA Affiliate
maintained, contributed to or had an obligation to or have had an obligation to contribute to, or otherwise to have liability with respect
to 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-align: justify; text-indent: 0.5in">&ldquo;<U>Preferred Stock</U>&rdquo;
means, as applied to the Equity Interests of any Person, Equity Interests of any class or classes (however designated) which is preferred
as to the payment of dividends or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such
Person, over Equity Interests of any other class 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Prepetition Credit
Facility Obligations</U>&rdquo; means the Prepetition OpCo Secured Obligations, Prepetition Super HoldCo Secured Obligations and the
Prepetition Superpriority 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Prepetition Indebtedness</U>&rdquo;
means all Prepetition Credit Facility Obligations.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Prepetition Loan
Documents</U>&rdquo; means the &ldquo;Loan Documents&rdquo; as defined in each of the Prepetition OpCo Credit Agreement and the Prepetition
<U>Superpriority </U>Credit Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Prepetition OpCo
Credit Agreement</U>&rdquo; means that certain Credit Agreement, dated as of September&nbsp;6, 2017 (and as amended, supplemented and/or
otherwise modified from time to time in accordance with the terms thereof), among the Holdings, the Borrowers, Deutsche Bank AG New York
Branch, as Administrative Agent and Collateral Agent, the guarantors from time to time party thereto and the lenders and other agents
from time to time 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Prepetition OpCo
Credit Agreement Secured Obligations</U>&rdquo; means the &ldquo;Obligations&rdquo; or any other similar term under and as defined in
the Prepetition OpCo Credit Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Prepetition OpCo
Credit Agreement Secured Parties</U>&rdquo; means the &ldquo;Secured Parties&rdquo; or any other similar term under and as defined in
the Prepetition OpCo Credit Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Prepetition OpCo
Loan Documents</U>&rdquo; means the &ldquo;Loan Documents&rdquo; as defined in each of the Prepetition OpCo Credit Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Prepetition OpCo
Term Loans</U>&rdquo; means the &ldquo;Term Loans&rdquo; or any other similar term under and as defined in the Prepetition OpCo Credit
Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Prepetition Second
Lien Collateral Documents</U>&rdquo; has the meaning given to the term &ldquo;Collateral Documents&rdquo; in the Prepetition Second Lien
Notes Indenture.</P>

<P STYLE="font: 10pt Times New Roman, 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>Prepetition Second
Lien Collateral Trustee</U>&rdquo; means Alter Domus (US) LLC, as collateral trustee under the Prepetition Second Lien Notes Indenture.</P>

<P STYLE="font: 10pt Times New Roman, 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>Prepetition Second
Lien Intercreditor Agreement</U>&rdquo; means that certain Intercreditor Agreement, dated as of January&nbsp;17, 2025, by and among the
Alter Domus (US) LLC as collateral agent under the Prepetition Super Holdco Credit Agreement and the Prepetition Second Lien Trustee,
as may be amended, restated, amended and restated, supplemented or otherwise modified in accordance with 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Prepetition Second
Lien Notes</U>&rdquo; means secured notes due May&nbsp;3, 2029, issued pursuant to the Prepetition Second Lien Notes Indenture in the
aggregate original principal amount of $379,494,400.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Prepetition Second
Lien Notes Documents</U>&rdquo; means the Prepetition Second Lien Notes Indenture and all other Note Documents (as defined therein),
each as may be amended, modified, supplemented, replaced or refinanced to the extent not prohibited 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Prepetition Second
Lien Notes Indenture</U>&rdquo; means the Indenture, dated as of the January&nbsp;17, 2025, by and among the Lead Borrower, the guarantors
party thereto and the Prepetition Second Lien Trustee, in respect of the Prepetition Second Lien Notes, as may be amended, modified,
supplemented, replaced or refinanced to the extent not prohibited by this Agreement and the Prepetition Second Lien 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Prepetition Second
Lien Notes Obligations</U>&rdquo; means the &ldquo;Obligations&rdquo; or any other similar term under and as defined in the Prepetition
Second Lien Notes Indenture.</P>

<P STYLE="font: 10pt Times New Roman, 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>Prepetition Second
Lien Notes Secured Parties</U>&rdquo; means the &ldquo;Holders&rdquo; or any other similar term under and as defined in the Prepetition
Second Lien Notes Indenture, the Prepetition Second Lien Collateral Trustee and the Prepetition Collateral Trustee.</P>

<P STYLE="font: 10pt Times New Roman, 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>Prepetition Second
Lien Trustee</U>&rdquo; means The Bank of New York Mellon, as trustee under the Prepetition Second Lien Notes Indenture.</P>

<P STYLE="font: 10pt Times New Roman, 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>Prepetition OpCo
Secured Obligations</U>&rdquo; means, collectively, Prepetition OpCo Credit Agreement the Obligations and Prepetition Superpriority Obligations.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Prepetition OpCo
Secured Parties</U>&rdquo; means, collectively, Prepetition OpCo Credit Agreement the Secured Parties and Prepetition Superpriority Secured
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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Prepetition Senior
Notes</U>&rdquo; means the Prepetition Second Lien Notes.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Prepetition SHC
Obligations</U>&rdquo; means the Prepetition Second Lien Notes Obligations and the Prepetition Super HoldCo 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Prepetition SHC
Secured Parties</U>&rdquo; means, collectively, the Prepetition Second Lien Notes Secured Parties and the Prepetition Super HoldCo Secured
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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Prepetition SHC
Loan Documents</U>&rdquo; means the &ldquo;Loan Documents&rdquo; or &ldquo;Notes Documents&rdquo; or any similar term as defined in each
of the Prepetition Second Lien Notes Indenture and the Prepetition Super HoldCo Credit Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Prepetition Super
Holdco Credit Agreement</U>&rdquo; means that certain credit agreement, dated as of September&nbsp;8, 2023, by and among Parent, the
Borrowers, Alter Domus (US) LLC, as Administrative Agent and Collateral Agent, the guarantors from time to time party thereto and the
lenders and other agents from time to time 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Prepetition Super
HoldCo Secured Obligations</U>&rdquo; means the &ldquo;Obligations&rdquo; or any other similar term under and as defined in the Prepetition
Super HoldCo Credit Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Prepetition Super
HoldCo Secured Parties</U>&rdquo; means the &ldquo;Secured Parties&rdquo; under and as defined in the Prepetition Super Holdco Credit
Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Prepetition Super
HoldCo Lenders</U>&rdquo; means the &ldquo;Lenders&rdquo; under and as defined in the Prepetition Super Holdco Credit Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Prepetition Super
HoldCo Loan Documents</U>&rdquo; means &ldquo;Loan Documents&rdquo; as defined in the Prepetition Super HoldCo Credit Agreement</P>

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

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

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<P STYLE="font: 10pt Times New Roman, 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>Prepetition Super
HoldCo Term Loans</U>&rdquo; means the &ldquo;Term Loans&rdquo; or any other similar term under and as defined in the Prepetition Super
HoldCo Credit Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Prepetition Super-Priority
Revolving Credit Agreement</U>&rdquo; means that certain credit agreement, dated as of January&nbsp;17, 2025, by and among Holdings,
the Borrowers, Deutsche Bank AG New York Branch, as Administrative Agent and Collateral Agent, the guarantors from time to time party
thereto and the lenders and other agents from time to time 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Prepetition Superpriority
Revolving Loans</U>&rdquo; means the &ldquo;Revolving Credit Loans&rdquo; or any other similar term under and as defined in the Prepetition
Superpriority Credit Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Prepetition Superpriority
Secured Obligations</U>&rdquo; means the &ldquo;Obligations&rdquo; or any other similar term under and as defined in the Prepetition
Superpriority Credit Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Prepetition Superpriority
Secured Parties</U>&rdquo; means the &ldquo;Secured Parties&rdquo; or any other similar term under and as defined in the Prepetition
Superpriority Credit Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Prior Liens</U>&rdquo;
means any valid Liens that are (1)&nbsp;in existence on the Petition Date, (2)&nbsp;are either perfected as of the Petition Date or perfected
subsequent to the Petition Date under Section&nbsp;546(b)&nbsp;of the Bankruptcy Code, and (3)&nbsp;senior in priority to the Liens securing
the Prepetition Superpriority Revolving Loans and the Liens securing the Prepetition Superpriority Obligations, as applicable.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Professional Fee
Variance</U>&rdquo; has the meaning set forth in Section&nbsp;6.22(iii).</P>

<P STYLE="font: 10pt Times New Roman, 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>Professional Fee
Variance Report</U>&rdquo; has the meaning set forth in <U>Section&nbsp;6.22(iii)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Pro Forma Balance
Sheet</U>&rdquo; has the meaning set forth in <U>Section&nbsp;5.05(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-align: justify; text-indent: 0.5in">&ldquo;<U>Pro Forma Balance
Sheet Date</U>&rdquo; has the meaning set forth in <U>Section&nbsp;5.05(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-align: justify; text-indent: 0.5in">&ldquo;<U>Pro Forma Basis</U>&rdquo;
and &ldquo;<U>Pro Forma Effect</U>&rdquo; means, with respect to compliance with any test or covenant or calculation of any ratio hereunder,
the determination or calculation of such test, covenant or ratio (including in connection with Specified Transactions) in accordance
with <U>Section&nbsp;1.10</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Pro Forma Financial
Statements</U>&rdquo; has the meaning set forth in <U>Section&nbsp;5.05(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-align: justify; text-indent: 0.5in">&ldquo;<U>Pro Rata Share</U>&rdquo;
means, with respect to each Lender at any time a fraction (expressed as a percentage, carried out to the ninth decimal place), the numerator
of which is the amount of the Commitments of such Lender under the applicable Facility or Facilities at such time and the denominator
of which is the amount of the Aggregate Commitments under the applicable Facility or Facilities at such time; <U>provided</U> that if
such Commitments have been terminated, then the Pro Rata Share of each Lender shall be determined based on the Pro Rata Share of such
Lender immediately prior to such termination and after giving effect to any subsequent assignments made pursuant to the terms hereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Projections</U>&rdquo;
has the meaning set forth in <U>Section&nbsp;6.01(c)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Public Company
Costs</U>&rdquo; means costs relating to compliance with the provisions of the Securities Act and the Exchange Act, in each case as applicable
to companies with equity or debt securities held by the public, the rules&nbsp;of national securities exchange companies with listed
equity or debt securities, directors&rsquo; compensation, fees and expense reimbursement, costs relating to investor relations, shareholder
meetings and reports to shareholders or debtholders, directors&rsquo; and officers&rsquo; insurance, listing fees and all executive,
legal and professional fees related to the foregoing.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>PTE</U>&rdquo;
means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time
to time.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Qualified ECP Guarantor</U>&rdquo;
means in respect of any Swap Obligation, each Loan Party that, at the time the relevant guarantee (or grant of the relevant security
interest, as applicable) becomes or would become effective with respect to such Swap Obligation, has total assets exceeding $10,000,000
or such other person as constitutes an &ldquo;eligible contract participant&rdquo; under the Commodity Exchange Act or any regulations
promulgated thereunder and which may cause another person to qualify as an &ldquo;eligible contract participant&rdquo; with respect to
such Swap Obligation at such time by entering into a keepwell pursuant to section&nbsp;1a(18)(A)(v)(II)&nbsp;of the Commodity Exchange
Act (or any successor provision thereto).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Qualified Equity
Interests</U>&rdquo; means any Equity Interests that are not Disqualified 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Qualified IPO</U>&rdquo;
means the issuance by Holdings or any Parent of its common Equity Interests in an underwritten primary public offering (other than a
public offering pursuant to a registration statement on Form&nbsp;S-8) pursuant to a registration statement that has been declared effective
by the SEC or approved by any other applicable Governmental Authority in Luxembourg or the United Kingdom.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Qualified Jurisdiction</U>&rdquo;
means each of the United States, any state or territory thereof, the District of Columbia, Finland, Germany,&nbsp;Ireland, Sweden, Switzerland,
Hong Kong, Luxembourg, Singapore, The Netherlands and any other jurisdiction as may be mutually agreed to in writing from time to time
by the Lead Borrower and the Superpriority Administrative Agent.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Quarterly Financial
Statements</U>&rdquo; means unaudited consolidated balance sheets and related consolidated statements of comprehensive income and cash
flows of Parent for the most recent fiscal quarters (other than the fourth fiscal quarter) after the date of the applicable Annual Financial
Statements and ended at least forty-five (45) days prior to the Closing Date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Real Property</U>&rdquo;
means, collectively, all right, title and interest (including any leasehold, mineral or other estate) in and to any and all parcels of
or interests in real property owned or leased by any Person, whether by lease, license or other means, together with, in each case, all
easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, all general intangibles
and contract rights and other property and rights incidental to the ownership, lease or operation thereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Receipts Variance</U>&rdquo;
has the meaning set forth in <U>Section&nbsp;6.22(ii)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Recipient</U>&rdquo;
means any Lender or Agent.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Register</U>&rdquo;
has the meaning set forth in <U>Section&nbsp;10.07(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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Regulatory Authority</U>&rdquo;
has the meaning specified in <U>Section&nbsp;10.08</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Release</U>&rdquo;
means any spilling, leaking, seepage, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching, dumping, disposing,
depositing, dispersing or migrating in, into, onto or through the Environment or from or through any facility, property or equipment.</P>

<P STYLE="font: 10pt Times New Roman, 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>Reportable Event</U>&rdquo;
means any reportable event, as defined in Section&nbsp;4043 of ERISA, with respect to a Pension Plan, other than events for which the
notice period is waived under applicable regulations as in effect on the date hereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Request for Credit
Extension</U>&rdquo; means with respect to a Borrowing, continuation or conversion of Term Loans a Committed Loan Notice.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Required Class&nbsp;Lenders</U>&rdquo;
means, as of any date of determination, Lenders of a Class&nbsp;having more than 50% of the sum of the (a)&nbsp;Total Outstandings for
all Lenders of such Class&nbsp;and (b)&nbsp;aggregate unused Commitments of all Lenders of such Class; <U>provided</U> that the unused
Commitment and the portion of the Total Outstandings held or deemed held by, any Defaulting Lender of such Class&nbsp;shall be excluded
for purposes of making a determination of Required Class&nbsp;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"></P>

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<P STYLE="font: 10pt Times New Roman, 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>Required Lenders</U>&rdquo;
shall mean, as of any date of determination, Lenders having (a)&nbsp;Term Loans outstanding and (b)&nbsp;New Money Commitments, that
taken together, represent more than 50% of the sum of the (x)&nbsp;Total Outstandings and (x)&nbsp;Aggregate Commitments at such time.
The Term Loans and New Money Commitments of any Defaulting Lender shall be disregarded in determining Required Lenders at any time. Any
Roll-Up Term Loans of any Lender who has not signed the Credit Agreement as of any date of determination of Required Lenders shall be
disregarded in the determination of Required Lenders; <U>provided</U>, that Required Lenders shall include each Designated Lender for
so long as such Designated Lender (together with its managed funds and accounts) holds at least 75% of the New Money Commitments and
New Money Term Loans, measured on a collective basis, that were held by such Designated Lender (together with its managed funds and accounts)
as of the Closing Date (calculated without giving effect to any prepayment of the New Money Term Loans).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Resolution Authority</U>&rdquo;
has the meaning set forth in <U>Section&nbsp;11.19</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Responsible Officer</U>&rdquo;
means the chief executive officer, chief restructuring officer, president, vice president, chief financial officer, treasurer or assistant
treasurer or other similar officer or a manager (<I>g&eacute;rant</I>) or a director (<I>adminstrateur</I>) of a Loan Party and, as to
any document delivered on the Closing Date, any secretary, authorized signatory or assistant secretary of such Loan Party. Any document
delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by
all necessary corporate, partnership and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively
presumed to have acted on behalf of such Loan Party.</P>

<P STYLE="font: 10pt Times New Roman, 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>Restricted Cash</U>&rdquo;
means cash and Cash Equivalents held by Restricted Subsidiaries that is contractually restricted from being distributed to the Lead Borrower.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Restricted Investment</U>&rdquo;
means an Investment other than a Permitted Investment.</P>

<P STYLE="font: 10pt Times New Roman, 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>Restricted Obligations</U>&rdquo;
has the meaning set forth in <U>Section&nbsp;11.09(a)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Restricted Payment</U>&rdquo;
means (i)&nbsp;any dividend or other distribution (whether in cash, securities or other property) with respect to any Equity Interest
of the Lead Borrower or any Restricted Subsidiary, or any payment (whether in cash, securities or other property), including any sinking
fund or similar deposit, on account of the purchase, redemption, retirement, defeasance, acquisition, cancellation or termination of
any such Equity Interest, or on account of any return of capital to the Lead Borrower&rsquo;s or a Restricted Subsidiary&rsquo;s stockholders,
partners or members (or the equivalent Persons thereof) and (ii)&nbsp;any Restricted Investment.</P>

<P STYLE="font: 10pt Times New Roman, 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>Restricted Subsidiary</U>&rdquo;
means any Subsidiary of the Lead Borrower other than an Unrestricted Subsidiary; <U>provided</U> that in no event shall the Co-Borrower
be an Unrestricted Subsidiary. For the avoidance of doubt, the Co-Borrower is a Restricted Subsidiary of the Lead Borrower.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Restructuring Support
Agreement</U>&rdquo; means that certain Restructuring Support Agreement, dated as of May&nbsp;13, 2026, by and among the parties thereto,
together with all annexes, exhibits, schedules, and attachments thereto and, as amended, restated, supplemented, or otherwise modified
from time to time in accordance with 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Roll-Up</U>&rdquo;
shall mean the &ldquo;roll up&rdquo; of Prepetition Superpriority Secured Obligations into Roll-Up Term Loans pursuant to the terms of
this Agreement and the DIP Orders.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Roll-Up Term Loans</U>&rdquo;
has the meaning set forth in Section&nbsp;2.01(b), as well as any Term Loans deemed outstanding pursuant to Section&nbsp;2.03.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, 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>Roll-Up Term Loans
(2026 Bridge)</U>&rdquo; means Roll Up Term Loans in respect of 2026 Incremental Revolving Credit Loans and/or 2026 May&nbsp;Incremental
Revolving Credit Loans (each under and as defined in the Prepetition Super-Priority Revolving Credit Agreement).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Roll-Up Term Loans
(Rev)</U>&rdquo; all Roll-Up Term Loans other than Roll-Up Term Loans (2026 Bridge).</P>

<P STYLE="font: 10pt Times New Roman, 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>Returns</U>&rdquo;
means, with respect to any Investment, any interest, returns, profits, distributions, proceeds (including the net proceeds of any sale
received by the Lead Borrower or a Restricted Subsidiary above the initial cost of the Investment) and similar amounts actually received
in cash or Cash Equivalents.</P>

<P STYLE="font: 10pt Times New Roman, 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>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 thereto.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Same Day Funds</U>&rdquo;
means immediately available funds.</P>

<P STYLE="font: 10pt Times New Roman, 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>Sanctioned Country</U>&rdquo;
means, at any time, a country, region or territory which is the subject or target 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; text-align: justify; text-indent: 0.5in">&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 OFAC, the U.S. Department
of State, the European Union or His Majesty&rsquo;s Treasury of the United Kingdom, (b)&nbsp;any Person organized or ordinarily resident
in a Sanctioned Country or (c)&nbsp;any Person controlled (as determined by applicable law) by any Person or Persons described in the
foregoing clause (a).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Sanctions</U>&rdquo;
means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a)&nbsp;the U.S. government,
including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury (&ldquo;<U>OFAC</U>&rdquo;)
or the U.S. Department of State or (b)&nbsp;the European Union or His Majesty&rsquo;s Treasury 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>SEC</U>&rdquo;
means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal functions.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Secured Parties</U>&rdquo;
means, collectively, the Administrative Agent, the Collateral Agent, the Lenders, the Supplemental Agents and each co-agent or sub-agent
appointed by the Administrative Agent or Collateral Agent from time to time pursuant to <U>Section&nbsp;9.02</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Securities Act</U>&rdquo;
means the Securities Act of 1933, as amended.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Securitization</U>&rdquo;
means any transaction or series of transactions entered into by the Lead Borrower or any Restricted Subsidiary pursuant to which (a)&nbsp;the
Lead Borrower or such Restricted Subsidiary, as the case may be, sells, conveys, assigns, contributes, grants an interest in or otherwise
transfers to a Securitization Subsidiary (whether directly or through one or more intermediate transferor entities) Securitization Assets
(and/or grants a security interest in such Securitization Assets transferred or purported to be transferred to such Securitization Subsidiary),
and which Securitization Subsidiary finances the acquisition of such Securitization Assets (i)&nbsp;with cash, (ii)&nbsp;the issuance
to the Lead Borrower or such Restricted Subsidiary of Securitization Seller&rsquo;s Retained Interests or an increase in such Securitization
Seller&rsquo;s Retained Interests or (iii)&nbsp;with proceeds from the sale or collection of Securitization Assets and (b)&nbsp;financing
is extended by way of a revolving credit facility, debt facilities, notes, bonds or other similar instruments, in each case, through
the purchase of, or making of advances secured by, Securitization Assets, on a revolving basis, by one or more banks or other financial
institutions or special purpose, bankruptcy remote entities, in each case, which may be established in any appropriate jurisdiction directly
or indirectly by any subsidiary or other third 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"></P>

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<P STYLE="font: 10pt Times New Roman, 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>Securitization
Assets</U>&rdquo; means any accounts receivable (including both billed and unbilled receivables) owed to the Lead Borrower or any Restricted
Subsidiary (whether now existing or arising or acquired in the future) arising in the ordinary course of business from the sale of goods
or services, all collateral securing such accounts receivable, all contracts and contract rights, all guarantees, letters of credit,
insurance and other supporting obligations in respect of such accounts receivable, all Collections (as defined in the applicable Securitization
documentation) and other proceeds of such accounts receivable and other assets (including contract rights, credit insurance policies
and records related thereto) which are of the type customarily transferred or in respect of which security interests are customarily
granted in connection with securitizations of accounts receivable and which are sold, contributed, transferred or otherwise conveyed
by the Lead Borrower or a Restricted Subsidiary pursuant to a Securitization.</P>

<P STYLE="font: 10pt Times New Roman, 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>Securitization
Seller&rsquo;s Retained Interest</U>&rdquo; means the debt or equity interests (including any subordinated notes, membership interests
or capital accounts) held by the Lead Borrower or any Restricted Subsidiary in a Securitization Subsidiary or any intermediate transferor
entity to which Securitization Assets have been transferred, including any such debt or equity received as consideration for or as a
portion of the purchase price for the Securitization Assets transferred, any deferred purchase price receivable, or any other instrument
or right through which the Lead Borrower or any Restricted Subsidiary has rights to or receives distributions in respect of any residual
or excess interest in the Securitization Assets (but excluding any rights or interests that constitute Securitization 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Securitization
Subsidiary</U>&rdquo; means (a)&nbsp;a Person to which the Lead Borrower or any Restricted Subsidiary sells, contributes, conveys, transfers
or grants a security interest in Securitization Assets (whether directly or through an intermediate transferor entity), which Person
is formed for the limited purpose of effecting one or more Securitizations and related activities (including any designated activity
company or special purpose vehicle incorporated for such purpose), or (b)&nbsp;in the case of a Person that is a financing conduit, which
Person is formed for the limited purpose of effecting financing transactions, and shall include any intermediate transferor entity that
is formed for the limited purpose of acquiring Securitization Assets from originators and reselling or transferring such Securitization
Assets to the Person described in clause (a)&nbsp;above.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Security Agreement</U>&rdquo;
means the Pledge and Security Agreement substantially in the form of <U>Exhibit&nbsp;F</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Security Agreement
Supplement</U>&rdquo; has the meaning specified in the 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>SHC Borrowers</U>&rdquo;
means each of the SHC Lead Borrower and the SHC Co-Borrower.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>SHC Carve-Out</U>&rdquo;
has the meaning assigned to such term in the SHC Interim DIP Order (with respect to the period prior to the entry of the SHC Final DIP
Order) or the SHC Final DIP Order (from and after the date on which the SHC Final DIP Order is entered).</P>

<P STYLE="font: 10pt Times New Roman, 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>SHC Co-Borrower</U>&rdquo;
means the Trinseo NA Finance SPV LLC.</P>

<P STYLE="font: 10pt Times New Roman, 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>SHC Debtors</U>&rdquo;
has the meaning assigned to such term in the SHC DIP Credit Agreement.</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>SHC DIP Credit
Agreement</U>&rdquo; means that certain Senior Secured Debtor-In-Possession HoldCo Credit Agreement dated May&nbsp;28, 2026 (and as amended,
supplemented and/or otherwise modified from time to time in accordance with the terms thereof), among the SHC Parent, SHC Borrowers,
SHC Holdings, the other SHC Dip Loan Parties from time to time party thereto, Alter Domus (US) LLC, as administrative agent and collateral
agent, and the lenders and other agents from time to time 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"></P>

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<P STYLE="font: 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>SHC DIP Loan Documents</U>&rdquo;
has the meaning assigned to the term &ldquo;Loan Documents&rdquo; in the SHC DIP Credit Agreement.</P>

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, 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>SHC DIP Orders</U>&rdquo;
means, collectively, the SHC Interim DIP Order and the SHC Final DIP Order and separately, the SHC Interim DIP Order or the SHC Final
DIP Order, 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>SHC DIP Required
Lenders</U>&rdquo; has the meaning assigned to the term &ldquo;Required Lenders&rdquo; in the SHC DIP Credit Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>SHC Holdings</U>&rdquo;
means Trinseo NA Finance LLC.</P>

<P STYLE="font: 10pt Times New Roman, 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>SHC Interim DIP
Order</U>&rdquo; means an order of the Bankruptcy Court in the Chapter 11 Cases which order (a)&nbsp;shall be in form and substance,
and on terms and conditions, reasonably satisfactory to the SHC Loan Parties, the SHC DIP Required Lenders and, with respect to those
provisions thereof that affect the rights, obligations, liabilities and duties of the SHC DIP Administrative Agent, to the SHC DIP Administrative
Agent, and (b)&nbsp;shall, subject to the foregoing, authorize and approve, on an interim basis, among other matters, (i)&nbsp;the SHC
DIP Loan Parties&rsquo; entry into the SHC DIP Loan Documents, (ii)&nbsp;the making of the SHC DIP Loans, (iii)&nbsp;the granting of
the SHC DIP Superpriority Claims against the SHC Debtors and the granting of Liens on the SHC DIP Collateral in accordance with the SHC
DIP Loan Documents, (iv)&nbsp;the use of cash collateral, and (vi)&nbsp;the granting of adequate protection to the Prepetition SHC Term
Loan Secured Parties and the Prepetition SHC Revolving Loan Secured 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>SHC Final DIP Order</U>&rdquo;
means an order of the Bankruptcy Court in the Chapter 11 Cases which order (a)&nbsp;shall be in form and substance, and on terms and
conditions, reasonably satisfactory to the SHC Loan Parties, the SHC DIP Required Lenders and, with respect to those provisions thereof
that affect the rights, obligations, liabilities and duties of the SHC DIP Administrative Agent, to the SHC DIP Administrative Agent,
and (b)&nbsp;shall, subject to the foregoing, authorize and approve, on a final basis, among other matters, (i)&nbsp;the SHC DIP Loan
Parties&rsquo; entry into the SHC DIP Loan Documents, (ii)&nbsp;the making of the SHC DIP Loans, (iii)&nbsp;the granting of the SHC DIP
Superpriority Claims against the SHC Debtors and the granting of Liens on the SHC DIP Collateral in accordance with the SHC DIP Loan
Documents, (iv)&nbsp;the use of cash collateral, and (vi)&nbsp;the granting of adequate protection to the Prepetition SHC Term Loan Secured
Parties and the Prepetition SHC Revolving Loan Secured Parties.&ldquo;<U>SHC DIP Superpriority Claims</U>&rdquo; means the SHC DIP Credit
Agreement superpriority administrative expense claims under section 364(c)&nbsp;of the Bankruptcy Code against each of the SHC Debtors,
on a joint and several basis, which claims, subject to the SHC Carve-Out and Prior Liens, shall have priority over any and all other
administrative expense claims against the SHC Debtors and their estates, now existing or hereafter arising, including, without limitation,
administrative expenses of the kind specified in or ordered pursuant to sections 105, 326, 328, 330, 331, 365, 503(a), 503(b), 506(c),
507(a), 507(b), 546(c), 546(d), 552(b), 726, 1113 and 1114 of the Bankruptcy Code or otherwise, with recourse against all 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>SHC Lead Borrower</U>&rdquo;
means Trinseo Luxco Finance SPV S.&agrave; r.l., a private limited liability company (<I>soci&eacute;t&eacute; &agrave; responsabilit&eacute;
limit&eacute;e</I>), organized and established under the laws of the Grand Duchy of Luxembourg, having its registered office at 130,
Boulevard de la P&eacute;trusse, L-2330 Luxembourg, Grand Duchy of Luxembourg, registered with the RCS under number B279526</P>

<P STYLE="font: 10pt Times New Roman, 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>SOFR</U>&rdquo;
means a rate equal to the secured overnight financing rate as administered by the SOFR Administrator.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>SOFR Administrator</U>&rdquo;
means the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate).</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>SOFR Loan</U>&rdquo;
means a Loan that bears interest at a rate based on Term SOFR, other than pursuant to clause (c)&nbsp;of the definition of &ldquo;Base
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; text-align: justify; text-indent: 0.5in">&ldquo;<U>SPC</U>&rdquo;
has the meaning specified in <U>Section&nbsp;10.07(j)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Standard Securitization
Undertakings</U>&rdquo; means representations, warranties, covenants, repurchase obligations, servicing obligations, guarantees of performance
(including any parent guaranty) and indemnities and other undertakings entered into by the Lead Borrower or any Restricted Subsidiary
(including as originator, servicer, investment manager, intermediate transferor or parent guarantor) which are customary on the date
thereof for a seller, servicer, investment manager, intermediate transferor or the parent of a seller or servicer of assets transferred
in connection with a Securitization.</P>

<P STYLE="font: 10pt Times New Roman, 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>Subject Guarantor</U>&rdquo;
has the meaning specified in <U>Section&nbsp;11.14</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Subordination Agreement</U>&rdquo;
means a subordination agreement among the Administrative Agent and one or more representatives for the holders of Subordinated Indebtedness,
in form and substance reasonably acceptable to the Administrative Agent and the Lead Borrower. Wherever in this Agreement a representative
is required to become party to the Subordination Agreement, if the related Subordinated Indebtedness is the initial Subordinated Indebtedness
incurred by the Lead Borrower or any Restricted Subsidiary, then the Lead Borrower and/or such Restricted Subsidiary, the Holdcos (if
applicable), the Subsidiary Guarantors (if applicable), the Administrative Agent and the representative for such Subordinated Indebtedness
shall execute and deliver the Subordination Agreement and the Administrative Agent shall be authorized to execute and deliver the Subordination
Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Subsidiary</U>&rdquo;
of a Person means a corporation, partnership, joint venture, limited liability company or other business entity of which (i)&nbsp;a majority
of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other
than securities or interests having such power only by reason of the happening of a contingency) are at the time beneficially owned,
(ii)&nbsp;more than half of the issued share capital is at the time beneficially owned or (iii)&nbsp;the management of which is otherwise
controlled, directly or indirectly, through one or more intermediaries, or both, by such Person. Unless otherwise specified, all references
herein to a &ldquo;Subsidiary&rdquo; or to &ldquo;Subsidiaries&rdquo; shall refer to a Subsidiary or Subsidiaries of the Lead Borrower.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Subsidiary Guarantor</U>&rdquo;
means any Guarantor other than the Holdcos.</P>

<P STYLE="font: 10pt Times New Roman, 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>Supplemental Agent</U>&rdquo;
has the meaning specified in <U>Section&nbsp;9.13(a)</U>&nbsp;and &ldquo;Supplemental Agents&rdquo; shall have the corresponding meaning.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Supplier</U>&rdquo;
has the meaning set forth in <U>Section&nbsp;3.01(i)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Swap</U>&rdquo;
means any agreement, contract, or transaction that constitutes a &ldquo;swap&rdquo; within the meaning of section 1a(47) of the Commodity
Exchange Act.</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Swap Obligation</U>&rdquo;
means, with respect to any person, any obligation to pay or perform under any Swap.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Swedish Bankruptcy
Act</U>&rdquo; has the meaning set forth in <U>Section&nbsp;1.03(b)(i)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Swedish Companies
Act</U>&rdquo; has the meaning set forth in <U>Section&nbsp;1.03(b)(ii)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Swedish Guarantor</U>&rdquo;
means a Guarantor incorporated in Sweden.</P>

<P STYLE="font: 10pt Times New Roman, 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>Swedish Security</U>&rdquo;
means any security interest created under the Collateral Documents which is governed by and/or perfected in accordance with Swedish law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Swiss Federal Tax
Administration</U>&rdquo; means the tax authorities referred to in article 34 of the Federal Act on Anticipatory Tax of 13 October&nbsp;1965
(<I>Bundesgesetz &uuml;ber die Verrechnungssteuer</I>).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Swiss Guarantor</U>&rdquo;
means a Guarantor incorporated in Switzerland.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Swiss Security</U>&rdquo;
means any Lien created under a Collateral Document which is governed by Swiss law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Swiss Withholding
Tax</U>&rdquo; means any withholding tax in accordance with the Federal Act on Anticipatory Tax of 13 October&nbsp;1965 (Bundesgesetz
 &uuml;ber die Verrechnungssteuer).</P>

<P STYLE="font: 10pt Times New Roman, 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>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, addition to tax or penalties applicable thereto.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Term Borrowing</U>&rdquo;
means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of SOFR Loans, having the same Interest Period
made by each of the Lenders pursuant to <U>Section&nbsp;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"></P>

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<P STYLE="font: 10pt Times New Roman, 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>Term Loan</U>&rdquo;
shall mean, individually or collectively as the context requires, the New Money Term Loans and the Roll-Up Term Loans.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Termination Notice</U>&rdquo;
has the meaning set forth in <U>Section&nbsp;8.02</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Term Note</U>&rdquo;
means a promissory note of the Borrowers payable to any Term Lender or its registered assigns, in substantially the form of <U>Exhibit&nbsp;C-1</U>
hereto, evidencing the aggregate Indebtedness of the Borrowers to such Term Lender resulting from the Term Loans made by such Term Lender.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(1)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;for
any calculation with respect to a SOFR Loan, the Term SOFR Reference Rate for a tenor comparable to the applicable Interest Period on
the day (such day, the &ldquo;<U>Periodic Term SOFR Determination Day</U>&rdquo;) that is two (2)&nbsp;U.S. Government Securities Business
Days prior to the first day of such Interest Period, as such rate is published by the Term SOFR Administrator; <I>provided however</I>
that if as of 5:00 p.m.&nbsp;(New York City time) on any Periodic Term SOFR Determination Day the Term SOFR Reference Rate for the applicable
tenor has not been published by the Term SOFR Administrator, then Term SOFR will be the Term SOFR Reference Rate for such tenor as published
by the Term SOFR Administrator on the first preceding U.S. Government Securities Business Day for which such Term SOFR Reference Rate
for such tenor was published by the Term SOFR Administrator so long as such first preceding U.S. Government Securities Business Day is
not more than three (3)&nbsp;U.S. Government Securities Business Days prior to such Periodic Term SOFR Determination Day, and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(2)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;for
any calculation with respect to an Base Rate Loan on any day, the Term SOFR Reference Rate for a tenor of one month on the day (such
day, the &ldquo;<U>Base Rate Term SOFR Determination Day</U>&rdquo;) that is two (2)&nbsp;U.S. Government Securities Business Days prior
to such day, as such rate is published by the Term SOFR Administrator; <I>provided</I> however that if as of 5:00 p.m.&nbsp;(New York
City time) on any Base Rate Term SOFR Determination Day the Term SOFR Reference Rate for the applicable tenor has not been published
by the Term SOFR Administrator, then Term SOFR will be the Term SOFR Reference Rate for such tenor as published by the Term SOFR Administrator
on the first preceding U.S. Government Securities Business Day for which such Term SOFR Reference Rate for such tenor was published by
the Term SOFR Administrator so long as such first preceding U.S. Government Securities Business Day is not more than three (3)&nbsp;U.S.
Government Securities Business Days prior to such Base Rate Term SOFR Determination Day.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Term SOFR Adjustment</U>&rdquo;
means 0.11448% (11.448 basis points) for an Interest Period of one-month&rsquo;s duration, 0.26161% (26.161 basis points) for an Interest
Period of three-months&rsquo; duration, and 0.42826% (42.826 basis points) for an Interest Period of six-months&rsquo; duration.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Term SOFR Administrator</U>&rdquo;
means CME Group Benchmark Administration Limited as administrator of the Term SOFR Reference Rate (or a successor administrator of the
Term SOFR Reference Rate selected by the Administrative Agent (at the written direction of the Required Lenders) and in consultation
with the Lead Borrower).</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Test Period</U>&rdquo;
means, for any date of determination under this Agreement, the four (4)&nbsp;consecutive fiscal quarters of the Lead Borrower most recently
ended as of such date of 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Threshold Amount</U>&rdquo;
means $10,000,000.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Total Outstandings</U>&rdquo;
means the aggregate Outstanding Amount of all 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"></P>

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<P STYLE="font: 10pt Times New Roman, 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>Transaction Expenses</U>&rdquo;
means any fees or expenses incurred or paid by the Loan Parties or any of their Subsidiaries in connection with the Transactions, this
Agreement and the other Loan Documents and the transactions contemplated hereby and thereby.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Transactions</U>&rdquo;
means, collectively, (a)&nbsp;the execution and delivery of the applicable Loan Documents on the Closing Date, (b)&nbsp;the funding of
the Term Loans and the use of proceeds thereof; (c)&nbsp;the consummation of the Restructuring Transactions (as defined in the Restructuring
Support Agreement) and any and all other transactions contemplated by the Restructuring Support Agreement; (d)&nbsp;the transactions
set forth in the Chapter 11 Plan and the transactions set forth in any Plan Supplement Document (as defined in the Chapter 11 Plan) and
(e)&nbsp;the payment of Transaction Expenses.</P>

<P STYLE="font: 10pt Times New Roman, 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>Trinseo Europe</U>&rdquo;
means Trinseo Europe GmbH, a limited liability company (<I>Gesellschaft mit beschr&auml;nkter Haftung)</I>, having its registered office
at Gwattstrasse 15, 8808&nbsp;Pf&auml;ffikon SZ, Switzerland, registered with the commercial register of the Canton of Schwyz, Switzerland,
under number CHE-114.396.041.</P>

<P STYLE="font: 10pt Times New Roman, 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>Trinseo Loan Party</U>&rdquo;
means, each of SHC Lead Borrower, SHC Co-Borrower and each other &ldquo;Loan Party&rdquo; as such term is defined in the Prepetition
Super Holdco Credit Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Trinseo Materials</U>&rdquo;
means the &ldquo;Co-Borrower&rdquo; hereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Trinseo SARL</U>&rdquo;
shall have the meaning set forth in the introductory paragraph.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Trust Property</U>&rdquo;
has the meaning set forth in <U>Section&nbsp;9.01(k)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Type</U>&rdquo;
means, with respect to a Loan, its character as a Base Rate Loan or a Benchmark Rate 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>UK Financial Institution</U>&rdquo;
has the meaning set forth in <U>Section&nbsp;11.19</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>UK Resolution Authority</U>&rdquo;
has the meaning set forth in <U>Section&nbsp;11.19</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Uniform Commercial
Code</U>&rdquo; or &ldquo;UCC&rdquo; means the Uniform Commercial Code as the same may from time to time be in effect in the State of
New York or the Uniform Commercial Code (or similar code or statute) of another jurisdiction, to the extent it may be required to apply
to any item or items of 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>United States</U>&rdquo;
and &ldquo;<U>U.S.</U>&rdquo; mean the United States of America.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Unreimbursed Amount</U>&rdquo;
has the meaning set forth in <U>Section&nbsp;2.03(c)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Updated Budget</U>&rdquo;
has the meaning set forth in <U>Section&nbsp;6.22(i)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Unrestricted Subsidiary</U>&rdquo;
means (i)&nbsp;each Subsidiary of the Lead Borrower listed on Schedule 1.01D, (ii)&nbsp;[reserved], (iii)&nbsp;Aristech and Altuglas,
(iv)&nbsp;any Securitization Subsidiary, if a Subsidiary of the Lead Borrower, and (v)&nbsp;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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Updated Budget
Deadline</U>&rdquo; has the meaning set forth in <U>Section&nbsp;6.22(i)</U>.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>USA Patriot Act</U>&rdquo;
means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001,
Public Law 107-56.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Variance Covenant
Test Date</U>&rdquo; means every other Variance Report Deadline, commencing with the second Variance Report Deadline to occur following
the Petition Date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Variance Report</U>&rdquo;
has the meaning set forth in <U>Section&nbsp;6.22(ii)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Variance Report
Deadline</U>&rdquo; has the meaning set forth in <U>Section&nbsp;6.22(ii)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>VAT</U>&rdquo;
means (a)&nbsp;any tax imposed in compliance with the Council Directive of November&nbsp;28, 2006 on the common system of value added
tax (EC Directive 2006/112) and (b)&nbsp;any other tax of a similar nature, whether imposed in a member state of the European Union in
substitution for, or levied in addition to, such tax referred to in clause&nbsp;(a)&nbsp;above, or imposed elsewhere.</P>

<P STYLE="font: 10pt Times New Roman, 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>Weighted Average
Life to Maturity</U>&rdquo; means, when applied to any Indebtedness at any date, the number of years obtained by dividing: (i)&nbsp;the
sum of the products obtained by multiplying (a)&nbsp;the amount of each then remaining scheduled installment, sinking fund, serial maturity
or other required scheduled payments of principal, including payment at final scheduled maturity, in respect thereof, by (b)&nbsp;the
number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment; by (ii)&nbsp;the
then outstanding principal amount of such Indebtedness; <U>provided</U>, that the effects of any prepayments made on such Indebtedness
shall be disregarded in making such calculation.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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>Write-Down and
Conversion Powers</U>&rdquo; has the meaning set forth in <U>Section&nbsp;11.19</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;1.02&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Luxembourg
Terms</U></B>. Without prejudice to the generality of any provision of this Agreement, in this Agreement where it relates to a Luxembourg
Loan Party, a reference to:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(i)</TD><TD STYLE="text-align: justify">commencing negotiations with one or more
                                            of its creditors with a view to rescheduling any of its indebtedness&rdquo; includes any
                                            negotiations with that purpose conducted in order to reach an amicable agreement (<I>accord
                                            amiable</I>);</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(ii)</TD><TD STYLE="text-align: justify">a winding-up, administration or dissolution
                                            includes, without limitation, bankruptcy (<I>faillite</I>), insolvency, liquidation, administrative
                                            dissolution without liquidation (<I>dissolution administrative sans liquidation</I>), moratorium
                                            or reprieve from payment (<I>sursis de paiement</I>), fraudulent conveyance (<I>actio pauliana</I>),
                                            general settlement with creditors, out-of-court mutual agreement (<I>r&eacute;organisation
                                            extra-judiciaire par accord amiable</I>), judicial reorganisation (<I>r&eacute;organisation
                                            judiciaire</I>), judicial reorganisation in the form of a stay to enter into a mutual agreement
                                            (<I>r&eacute;organisation par sursis accord amiable</I>), judicial reorganisation by collective
                                            agreement (<I>r&eacute;organisation judiciaire par accord collectif</I>), judicial reorganisation
                                            by transfer of assets or activities (<I>r&eacute;organisation judiciaire par transfert sous
                                            autorit&eacute; de justice</I>), conciliation (<I>conciliation</I>) or protective measures
                                            (<I>mesures en vue de pr&eacute;server les entreprises</I>), reorganization or similar laws
                                            affecting the rights of creditors generally;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(iii)</TD><TD STYLE="text-align: justify">a liquidator, receiver, administrative
                                            receiver, administrator, trustee, custodian, sequestrator, conservator or similar officer
                                            includes, without limitation, a <I>juge d&eacute;l&eacute;gu&eacute;</I>, <I>commissaire</I>,
                                            <I>juge</I>-<I>commissaire</I>, <I>mandataire ad hoc</I>, <I>administrateur provisoire</I>,
                                            <I>liquidateur</I> or <I>, curateur, conciliateur d'entreprise, mandataire de justice </I>and
                                            any other person performing the same function of each of the foregoing;</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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    <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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(iv)</TD><TD STYLE="text-align: justify">a lien or security interest includes any
                                            <I>hypoth&egrave;que</I>, <I>nantissement</I>, <I>gage</I>, <I>privil&egrave;ge</I>, <I>s&ucirc;ret&eacute;
                                            r&eacute;elle</I>, <I>droit de retention</I>, and any type of security in rem (<I>s&ucirc;ret&eacute;
                                            r&eacute;elle</I>) or agreement or arrangement having a similar effect and any transfer of
                                            title by way of security;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(v)</TD><TD STYLE="text-align: justify">a person being unable to pay its debts
                                            includes that person being in a state of <I>cessation de paiements</I>;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(vi)</TD><TD STYLE="text-align: justify">a person being &ldquo;insolvent&rdquo;
                                            include that person being in a state of cessation of payments (<I>cessation de paiement</I>s)
                                            and having lost or meeting the criteria to lose its commercial creditworthiness (<I>&eacute;branlement
                                            de credit</I>);</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(vii)</TD><TD STYLE="text-align: justify">a guarantee includes any <I>garantie</I>
                                            which is independent from the debt to which it relates and excludes any suretyship (<I>cautionnement</I>)
                                            within the meaning of Articles 2011 and seq. of the Luxembourg Civil Code;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(viii)</TD><TD STYLE="text-align: justify">gross negligence is a reference to <I>faute
                                            lourde</I> and wilful misconduct is a reference to <I>faute dolosive/dol;</I></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(ix)</TD><TD STYLE="text-align: justify">an attachment or similar creditors' process
                                            includes an executory attachment (<I>saisie ex&eacute;cutoire</I>) or conservatory attachment
                                            (<I>saisie conservatoire</I>);</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(x)</TD><TD STYLE="text-align: justify">a director or manager includes an <I>administrateur
                                            and a g&eacute;rant</I>;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(xi)</TD><TD STYLE="text-align: justify">a board of directors or a board of managers
                                            includes a <I>conseil d'administration</I> and a <I>conseil de g&eacute;rance</I>;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(xii)</TD><TD STYLE="text-align: justify">an agent includes, without limitation,
                                            a <I>mandataire;</I></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(xiii)</TD><TD STYLE="text-align: justify">shares or Equity Interests include <I>actions</I>
                                            and <I>parts sociales;</I></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(xiv)</TD><TD STYLE="text-align: justify">by-laws or constitutional documents includes
                                            (a)&nbsp;its up-to-date (restated) articles of association (<I>statuts coordonn&eacute;es</I>),
                                            and (b)&nbsp;an extract from the RCS.</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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;1.03&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Swedish
Terms</U></B>.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(i)</TD><TD STYLE="text-align: justify">Notwithstanding any other provisions in
                                            this Agreement or any other Loan Document to the contrary, the sale, lease, transfer or disposal
                                            of any Collateral subject to, or the release of, any Swedish Security which has been or should
                                            have been duly perfected in accordance with the terms of the relevant Collateral Document
                                            shall always be subject to the prior written consent of the Collateral Agent, such consent
                                            to be granted at the Collateral Agent&rsquo;s sole discretion on a case by case basis.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(ii)</TD><TD STYLE="text-align: justify">Without prejudice to the generality of
                                            any provision of this Agreement or any other Loan Document, in this Agreement where it relates
                                            to a person established or incorporated in Sweden or governed by Swedish law or the context
                                            so requires, a reference to:</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;its
 &lsquo;Organization Documents&rsquo; includes its certificate of registration (<I>registreringsbevis</I>) and its articles of association
(<I>bolagsordning</I>) 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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    <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; text-align: justify; text-indent: 1.5in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;a
 &ldquo;composition&rdquo; or &ldquo;arrangement&rdquo; with any creditor includes (A)&nbsp;any write-down of debt (<I>Sw. skulduppg&ouml;relse</I>)
following from any procedure of &lsquo;f&ouml;retagsrekonstruktion&rsquo; under the Swedish Company Reorganisation Act (<I>Sw. Lag om
f&ouml;retagsrekonstruktion (2022:964)</I>) (the &ldquo;<B>Swedish Company Reorganisation Act</B>&rdquo;), or (B)&nbsp;any write-down
of debt in bankruptcy (<I>Sw. ackord i konkurs</I>) under the Swedish Bankruptcy Act (<I>Sw. Konkurslag (1987:672)</I>) (the &ldquo;<U>Swedish
Bankruptcy Act</U>&rdquo;);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;a
 &ldquo;trustee&rdquo;, &ldquo;liquidator&rdquo;, &ldquo;receiver&rdquo;, &ldquo;compulsory manager&rdquo;, &ldquo;administrative receiver&rdquo;
or &ldquo;administrator&rdquo; includes (A)&nbsp;&lsquo;rekonstrukt&ouml;r&rsquo; under the Swedish Company Reorganisation Act, (B)&nbsp;&lsquo;konkursf&ouml;rvaltare&rsquo;
under the Swedish Bankruptcy Act, or (C)&nbsp;&lsquo;likvidator&rsquo; under the Swedish Companies Act (<I>Sw. Aktiebolagslag (2005:551)</I>)
(the &ldquo;<U>Swedish Companies Act</U>&rdquo;);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;a
 &ldquo;merger&rdquo;, &ldquo;consolidation&rdquo; or &ldquo;amalgamation&rdquo; includes any &lsquo;fusion&rsquo; implemented in accordance
with Chapter 23 of the Swedish Companies Act and a &ldquo;demerger&rdquo; includes any &lsquo;delning implemented in accordance with
Chapter 24 of the Swedish Companies Act;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;a
 &ldquo;winding-up&rdquo;, &ldquo;administration&rdquo; or &ldquo;dissolution&rdquo; includes &lsquo;frivillig likvidation&rsquo; or &lsquo;tv&aring;ngslikvidation&rsquo;
under Chapter 25 of the Swedish Companies Act, a &ldquo;bankruptcy&rdquo; includes a &lsquo;konkurs&rsquo; under the Swedish Bankruptcy
Act and a &ldquo;company restructuring&rdquo; includes a &lsquo;f&ouml;retagsrekonstruktion&rsquo; under the Swedish Company Reorganisation
Act;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;a
 &ldquo;guarantee&rdquo; includes any &lsquo;garanti&rsquo; under Swedish law which is independent from the debt to which it relates and
any &lsquo;borgen&rsquo; under Swedish law which is accessory to or dependant on the debt to which it 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; text-align: justify; text-indent: 1.5in">(vii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&ldquo;gross
negligence&rdquo; means &ldquo;grov v&aring;rdsl&ouml;sthet&rdquo; under Swedish law; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(viii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;an
 &ldquo;insolvency&rdquo; includes &ldquo;insolvens&rdquo; under the Swedish Bankruptcy Act, any &ldquo;konkurs&rdquo; under the Swedish
Bankruptcy Act, &ldquo;f&ouml;retagsrekonstruktion&rdquo; under the Swedish Company Reorganisation Act or &ldquo;tv&aring;ngslikvidation&rdquo;
under Chapter 25 of the Swedish Companies Act.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(iii)</TD><TD STYLE="text-align: justify">If any party to this Agreement that is
                                            incorporated in Sweden (the &ldquo;<U>Obligated Party</U>&rdquo;) is required by this Agreement
                                            or any other Loan Document to hold an amount of money on trust on behalf of another party
                                            (the &ldquo;<U>Beneficiary</U>&rdquo;), the Obligated Party shall hold such money as agent
                                            for the Beneficiary on a separate account in accordance with the Swedish Funds Accounting
                                            Act (<I>Sw. Lag om redovisningsmedel (1944:181)</I>).</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(iv)</TD><TD STYLE="text-align: justify">Any transfer by novation in accordance
                                            with the Loan Documents, shall, as regards any Liens governed by Swedish law and obligations
                                            owed by a Swedish Guarantor, be deemed to take effect as an assignment and assumption or
                                            transfer of such Liens and each such assignment and assumption or transfer shall be in relation
                                            to the proportionate part of the security interests granted under the relevant Swedish law
                                            governed Collateral Document.</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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;1.04&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Other
Interpretive Provisions</U></B>. With reference to this Agreement and each other Loan Document, unless otherwise specified herein or
in such other Loan Document:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(i)</TD><TD STYLE="text-align: justify">The meanings of defined terms are equally
                                            applicable to the singular and plural forms of the defined terms.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(ii)</TD><TD STYLE="text-align: justify">The words &ldquo;herein,&rdquo; &ldquo;hereto,&rdquo;
                                            &ldquo;hereof&rdquo; and &ldquo;hereunder&rdquo; and words of similar import when used in
                                            any Loan Document shall refer to such Loan Document as a whole and not to any particular
                                            provision thereof.</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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    <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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(iii)</TD><TD STYLE="text-align: justify">Article, Section, Exhibit&nbsp;and Schedule
                                            references are to the Loan Document in which such reference appears.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(iv)</TD><TD STYLE="text-align: justify">The term &ldquo;including&rdquo; is by
                                            way of example and not limitation.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(v)</TD><TD STYLE="text-align: justify">The term &ldquo;documents&rdquo; includes
                                            any and all instruments, documents, agreements, certificates, notices, reports, financial
                                            statements and other writings, however evidenced, whether in physical or electronic form.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(vi)</TD><TD STYLE="text-align: justify">In the computation of periods of time
                                            from a specified date to a later specified date, the word &ldquo;from&rdquo; means &ldquo;from
                                            and including&rdquo;; the words &ldquo;to&rdquo; and &ldquo;until&rdquo; each mean &ldquo;to
                                            but excluding&rdquo;; and the word &ldquo;through&rdquo; means &ldquo;to and including.&rdquo;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(vii)</TD><TD STYLE="text-align: justify">Section&nbsp;headings herein and in the
                                            other Loan Documents are included for convenience of reference only and shall not affect
                                            the interpretation of this Agreement or any other Loan Document.</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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;1.05&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Accounting
Terms</U></B>. (a)&nbsp; All accounting terms not specifically or completely defined herein shall be construed in conformity with, and
all financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement
shall be prepared in conformity with, GAAP, except as otherwise specifically prescribed herein.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Notwithstanding
any changes in GAAP after the Closing Date, any lease of the Loan Parties and their Subsidiaries that would be characterized as an operating
lease under GAAP in effect on December&nbsp;31, 2018 (whether such lease is entered into before or after the Closing Date) shall not
constitute Indebtedness or Attributable Indebtedness under this Agreement or any other Loan Document as a result of such changes in 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;1.06&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Rounding</U></B>.
Any financial ratios required to be maintained by the Lead Borrower pursuant to this Agreement (or required to be satisfied in order
for a specific action to be permitted under this Agreement) shall be calculated by dividing the appropriate component by the other component,
carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or
down to the nearest number (with a rounding up if there is no nearest number).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;1.07&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>References
to Agreements</U>, <U>Laws</U>, <U>Etc</U></B>. Unless otherwise expressly provided herein, (a)&nbsp;references to Organization Documents,
agreements (including the Loan Documents) and other contractual instruments shall be deemed to include all subsequent amendments, restatements,
extensions, supplements and other modifications thereto, but only to the extent that such amendments, restatements, extensions, supplements
and other modifications are permitted by the Loan Documents; and (b)&nbsp;references to any Law shall include all statutory and regulatory
provisions consolidating, amending, replacing, supplementing or interpreting such 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-align: justify; text-indent: 0.5in"><B>Section&nbsp;1.08&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Times
of Day</U></B>. Unless otherwise specified, all references herein to times of day shall be references to United States Eastern time (daylight
or standard, 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-align: justify; text-indent: 0.5in"><B>Section&nbsp;1.09&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Timing
of Payment of Performance</U></B>. When the payment of any obligation or the performance of any covenant, duty or obligation is stated
to be due or performance required on a day which is not a Business Day, the date of such payment (other than as described in the definition
of Interest Period) or performance shall extend to 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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;1.10&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Pro
Forma Calculations</U></B>. (a)&nbsp; [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-align: justify; text-indent: 1in">(b)&#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">&nbsp;</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;[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-align: justify; text-indent: 1in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;In
the event that the Lead Borrower or any Restricted Subsidiary incurs (including by assumption or guarantees) or repays (including by
redemption, repayment, retirement or extinguishment) any Indebtedness (other than Indebtedness incurred or repaid under any revolving
credit facility unless such Indebtedness has been permanently repaid and not replaced), (i)&nbsp;during the applicable Test Period or
(ii)&nbsp;subject to clause&nbsp;(a)&nbsp;of this <U>Section&nbsp;1.10</U>, subsequent to the end of the applicable Test Period and prior
to or simultaneously with the event for which the calculation of any such ratio is made, then such financial ratio or test shall be calculated
giving <U>pro forma</U> effect to such incurrence or repayment of Indebtedness, in each case to the extent required, as if the same had
occurred on the last day of the applicable Test Period, in which case such incurrence, assumption, guarantee, redemption, repayment,
retirement or extinguishment of Indebtedness will be given effect as if the same had occurred on the first day of the applicable Test
Period.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Interest
on a Capitalized Lease Obligation shall be deemed to accrue at an interest rate reasonably determined by a Responsible Officer of the
Lead Borrower to be the rate of interest implicit in such Capitalized Lease Obligation in accordance with GAAP. Interest on Indebtedness
that may optionally be determined at an interest rate based upon a factor of a prime or similar rate, a London interbank offered rate,
or other rate, shall be determined to have been based upon the rate actually chosen, or if none, then based upon such optional rate chosen
as the Lead Borrower or Restricted Subsidiary may designate.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;1.11&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Currency
Equivalents</U></B>. For purposes of any computation determining compliance with any incurrence or expenditure tests set forth in <U>Article&nbsp;VI</U>
and <U>Article&nbsp;VII</U> or any definitions contained in <U>Section&nbsp;1.01</U>, any amounts so incurred, expended or utilized (to
the extent incurred, expended or utilized in a currency other than Dollars) shall be converted into Dollars on the basis of the Exchange
Rate (or on such other basis as is reasonably satisfactory to the Administrative Agent) as in effect on the date of such incurrence,
expenditure or utilization under any provision of any such Section&nbsp;or definition that has an aggregate Dollar limitation provided
for therein (and to the extent the respective incurrence, expenditure or utilization test regulates the aggregate amount outstanding
at any time and it is expressed in terms of Dollars, all outstanding amounts originally incurred or spent in currencies other than Dollars
shall be converted into Dollars on the basis of the Exchange Rate (or on such other basis as is reasonably satisfactory to the Administrative
Agent) as in effect on the date of any new incurrence, expenditure or utilization made under any provision of any such Section&nbsp;that
regulates the Dollar amount outstanding at any 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&nbsp;1.12&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;[Reserved]</B></FONT>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&nbsp;1.13&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Cashless
Settlement</U></B></FONT>. <FONT STYLE="font-size: 10pt">Notwithstanding anything to the contrary contained in this Agreement, any Lender
may exchange, continue, convert or rollover all or any portion of its Loans in connection with any refinancing, replacement, extension,
loan modification or similar transaction permitted by the terms of this Agreement, pursuant to a cashless settlement mechanism approved
by the Borrowers, the Administrative Agent and such 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"></P>

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<P STYLE="font: 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>&#8239;Section&nbsp;1.15&#8239;&#8239;&#8239;&#8239;<U>Rates</U>.</B>
 &#8239;&#8239;The Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect
to, (a)&nbsp;the continuation of, administration of, submission of, calculation of or any other matter related to Base Rate, the Term
SOFR Reference Rate, or Term SOFR, or any component definition thereof or rates referred to in the definition thereof, or any alternative,
successor or replacement rate thereto, including whether the composition or characteristics of any such alternative, successor or replacement
rate will be similar to, or produce the same value or economic equivalence of, or have the same volume or liquidity as, Base Rate, the
Term SOFR Reference Rate or Term SOFR prior to its discontinuance or unavailability, or (b)&nbsp;the effect, implementation or composition
of any Conforming Changes. The Administrative Agent and its affiliates or other related entities may engage in transactions that affect
the calculation of Base Rate, the Term SOFR Reference Rate, Term SOFR, any alternative, successor or replacement rate or any relevant
adjustments thereto, in each case, in a manner adverse to the Borrowers. The Administrative Agent may select information sources or services
in its reasonable discretion to ascertain Base Rate, the Term SOFR Reference Rate or Term SOFR, or any component definition thereof or
rates referred to in the definition thereof, in each case pursuant to the terms of this Agreement, and shall have no liability to the
Borrowers, any Lender or any other person or entity for damages of any kind, including direct or indirect, special, punitive, incidental
or consequential damages, costs, losses or expenses (whether in tort, contract or otherwise and whether at law or in equity), for any
error or calculation of any such rate (or component thereof) provided by any such information source or service.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;1.16&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Finnish
Provisions</U></B>. In this Agreement and/or any other Loan Document where it relates to a party incorporated under the laws of Finland
(a &ldquo;<U>Finnish Party</U>&rdquo;) or a matter of Finnish law or any security interest created by any Collateral Document governed
by Finnish law (&ldquo;<U>Finnish Collateral</U>&rdquo;):</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;if
a Finnish Party is required to hold an amount on trust on behalf of another party (the &quot;<U>Relevant Beneficiary</U>&quot;), the
Finnish Party shall hold such money as agent for the Relevant Beneficiary in a separate account and shall promptly pay or transfer the
same to the Relevant Beneficiary or as the Relevant Beneficiary may direct;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
transfer by novation in accordance with this Agreement or other Loan Documents shall, in relation to any Finnish Collateral and obligations
owed by a Finnish Party, take effect as a transfer (<I>siirto</I>) and assumption of such Finnish Collateral and each such transfer shall
include a proportionate part of the security interests granted under the Collateral Document governed by Finnish law;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;notwithstanding
any other provisions in this Agreement or any other Loan Document to the contrary, the Disposition or other release of any Finnish Collateral
which has been or should have been duly perfected in accordance with the terms of the relevant Collateral Document (including a merger,
demerger or liquidation of any Finnish Party the shares of which are constitute Finnish Collateral) shall always be subject to the prior
written consent of the Collateral Agent, such consent to be granted at the Collateral Agent&rsquo;s sole discretion on a case by case
basis; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
reference to:</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&ldquo;<U>insolvency</U>&rdquo;
includes a <I>yrityssaneeraus</I> or <I>konkurssimenettely</I> under the Finnish Bankruptcy Act (Fi: <I>konkurssilaki</I>, 120/2004,
as amended) or the Finnish Reorganisation Act (Fi: <I>laki yrityksen saneerauksesta</I>, 47/1993, as amended) (as the case may be);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;a
 &ldquo;<U>liquidator</U>&rdquo;, &ldquo;<U>statutory manager</U>&rdquo;, &ldquo;<U>receiver</U>&rdquo;, &ldquo;<U>trustee</U>&rdquo;,
 &ldquo;<U>administrative receiver</U>&rdquo; or &ldquo;<U>administrator</U>&rdquo; includes a <I>pes&auml;nhoitaja</I>, <I>selvitt&auml;j&auml;</I>,
<I>valvoja</I> and <I>selvitysmies</I> under Finnish law, 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"></P>

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<P STYLE="font: 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-align: justify; text-indent: 0.5in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&ldquo;<U>merger</U>&rdquo;,
 &ldquo;<U>amalgamation</U>&rdquo; or &ldquo;<U>consolidation</U>&rdquo; includes any <I>sulautuminen</I> implemented in accordance with
Chapter 16 of the Finnish Companies Act (Fi: <I>osakeyhti&ouml;laki</I>, 624/2006, as amended) and &ldquo;<U>demerger</U>&rdquo; includes
any <I>jakautuminen</I> implemented in accordance with Chapter 17 of the Finnish Companies Act (Fi: <I>osakeyhti&ouml;laki</I>, 624/2006,
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 0pt 1in; text-align: justify; text-indent: 0.5in">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;a
 &ldquo;<U>winding up</U>&rdquo;, &ldquo;<U>administration</U>&rdquo; or &ldquo;<U>dissolution</U>&rdquo; includes any declaration of
bankruptcy (<I>asetettu konkurssiin</I>) or dissolution (<I>asetettu selvitystilaan</I>) as well as a <I>selvitystila</I>, <I>purkaminen</I>
or <I>rekisterist&auml; poistaminen</I> under Chapter 20 of the Finnish Companies Act (Fi: <I>osakeyhti&ouml;laki</I>, 624/2006, 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 0pt 1in; text-align: justify; text-indent: 0.5in">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&ldquo;<U>attachment</U>&rdquo;
includes a <I>takavarikko </I>and/or any other <I>turvaamistoimi</I> granted in accordance with Finnish 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 1in; text-align: justify; text-indent: 0.5in">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&ldquo;<U>gross
negligence</U>&rdquo; means <I>t&ouml;rke&auml; tuottamus</I> under Finnish 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 1in; text-align: justify; text-indent: 0.5in">(vii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&ldquo;<U>distribution</U>&rdquo;
includes payment of group contribution (Fi: <I>konserniavustus</I>) and distributions from the invested unrestricted equity fund (Fi:
<I>sijoitetun vapaan oman p&auml;&auml;oman rahasto</I>); 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-align: justify; text-indent: 0.5in">(viii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&ldquo;<U>Organization
Documents</U>&rdquo; includes <I>kaupparekisteriote</I> and <I>yhti&ouml;j&auml;rjestys</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-align: justify; text-indent: 0.5in"><B>Section&nbsp;1.17&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Cashless
Roll</U></B>. Subject to the Restructuring Support Agreement, the Term Loans may be satisfied and discharged on the Chapter 11 Plan Effective
Date (solely with respect to a Chapter 11 Plan) pursuant to a roll thereof and a &ldquo;cashless&rdquo; exchange into term loans under
a credit facility in accordance with the terms of the Restructuring Support Agreement (a &ldquo;<B><U>Maturity Roll</U></B>&rdquo;);
provided that the Maturity Roll shall only occur with the consent of Required Lenders.</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;2.01&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Term
Loans</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: justify; text-indent: 1in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>New
Money Term Loans</U>. Subject to the terms and conditions hereof and the DIP Orders, the Lenders hereby severally, but not jointly, agree
to make term loans in Dollars (the &ldquo;<U>New Money Term Loans</U>&rdquo;) to the Borrower: (A)&nbsp;on the Closing Date, in a single
borrowing in an aggregate principal amount requested by the Lead Borrower not to exceed $60,000,000 (the &ldquo;<U>Initial New Money
Term Loans</U>&rdquo;), and (B)&nbsp;upon entry of the Final DIP Order, in a single borrowing in an aggregate principal amount requested
by the Lead Borrower not to exceed the unfunded New Money Commitments as of such date immediately prior to giving effect to such Borrowing
(the &ldquo;<U>Delayed Draw New Money Term Loans</U>&rdquo;); <U>provided</U> that Delayed Draw New Money Term Loans will initially be
of the same Type (and interest rate relating thereto) as the Initial New Money Term Loans outstanding immediately prior to the Borrowing
of such Delayed Draw New Money Term Loans (or, if there is more than one Type of Initial New Money Term Loan outstanding at such time
(or more than one outstanding Interest Period applicable to Initial New Money Term Loan at such time)), such Delayed Draw New Money Term
Loans will initially be of the same Type and will have the same Interest Period as the outstanding Initial New Money Term Loan designated
in the applicable Committed Loan Notice). The Delayed Draw New Money Term Loans (when funded) shall be added to and become part of the
New Money Term Loans (including the Initial New Money Term Loans), shall have the same terms as the New Money Term Loans and shall be
treated as a single Class&nbsp;for all purposes as the New Money Term Loans (it being understood that nothing herein shall be construed
as a representation or covenant by any Loan Party as to whether the Delayed Draw New Money Term Loans will be fungible with the New Money
Term Loans (including the Initial New Money Term Loans) for U.S. federal income tax purposes), except that interest on the Delayed Draw
New Money Term Loans shall commence to accrue from the applicable Delayed Draw New Money Closing Date. In no event shall any Lender be
required to make Term Loans in excess of its New Money Commitments. Once repaid or prepaid, the New Money Term Loans may not be reborrowed.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Roll-Up
Term Loans</U>. Subject to the terms and conditions of the DIP Orders, without any further action by any party to this Agreement or the
other Loan Documents, the Bankruptcy Court or any other Person:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(i)</TD><TD STYLE="text-align: justify">Upon entry of the Interim DIP Order, outstanding
                                            Prepetition Superpriority Revolving Loans as of such date (including accrued and unpaid interest
                                            thereon) held by Prepetition Superpriority Secured Parties that are Lenders hereunder as
                                            of such date shall be automatically deemed &ldquo;rolled up&rdquo; and converted into a tranche
                                            of U.S. Dollar denominated term loans under this Agreement (the &ldquo;<U>Interim Roll-Up
                                            Term Loans</U>&rdquo;), on a cashless basis, in an amount equal to two Dollars of Interim
                                            Roll-Up Term Loans for every one Dollar of principal amount of New Money Commitments funded
                                            on such date, based upon each such Person&rsquo;s <I>pro rata</I> share of New Money Commitments,
                                            which Interim Roll-Up Term Loans shall be due and payable in accordance with the terms and
                                            conditions set forth in this Agreement as if originally funded hereunder on the Closing Date;
                                            <U>provided</U>, that the aggregate principal amount of the Interim Roll-Up Term Loans (excluding
                                            the amount of any Roll-Up Loans (Rev) deemed incurred pursuant to <U>Section&nbsp;2.03</U>)
                                            shall not exceed $120,000,000;</TD></TR></TABLE>

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

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<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(ii)</TD><TD STYLE="text-align: justify">Upon entry of the Final DIP Order, outstanding
                                            Prepetition Superpriority Revolving Loans as of such date (including accrued and unpaid interest
                                            thereon) held by Prepetition OpCo Secured Parties that are also Lenders hereunder as of such
                                            date (after giving effect to any conversion pursuant to <U>clause (i)</U>&nbsp;above) shall
                                            be automatically deemed &ldquo;rolled up&rdquo; and converted into a tranche of U.S. Dollar
                                            denominated term loans under this Agreement (the &ldquo;<U>Final Roll-Up Term Loans</U>&rdquo;
                                            and, together with the Interim Roll-Up Term Loans, the &ldquo;<U>Roll-Up Term Loans</U>&rdquo;),
                                            on a cashless basis, in an amount equal to two Dollars of Final Roll-Up Term Loans for every
                                            one Dollar of principal amount of New Money Commitments funded on such date, based upon each
                                            such Person&rsquo;s <I>pro rata</I> share of the remaining New Money Commitments (after giving
                                            effect to any conversion pursuant to <U>clause (i)</U>&nbsp;above), which Final Roll-Up Term
                                            Loans shall be due and payable in accordance with the terms and conditions set forth in this
                                            Agreement as if originally funded hereunder on the Closing Date; <U>provided,</U> that the
                                            aggregate principal amount of the Final Roll-Up Term Loans (excluding the amount of any Roll-Up
                                            Loans (Rev) deemed incurred pursuant to <U>Section&nbsp;2.03</U>) shall not exceed (x)&nbsp;$180,000,000,
                                            <I><U>less</U></I> (y)&nbsp;the aggregate principal amount of Interim Roll-Up Term Loans
                                            incurred prior to the entry of the Final DIP Order;</TD></TR></TABLE>

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

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<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(iii)</TD><TD STYLE="text-align: justify">from and after the Closing Date, the
                                            aggregate outstanding amount of the Prepetition Superpriority Revolving Loans (including
                                            accrued and unpaid interest thereon) held by each such Person shall be automatically and
                                            irrevocably deemed reduced by an amount equal to the outstanding amount of the Prepetition
                                            Superpriority Revolving Loans (including accrued and unpaid interest thereon) of such Person
                                            deemed converted into Roll-Up Term Loans pursuant to <U>clause (i)</U>&nbsp;and/or <U>(ii)</U>&nbsp;above;
                                            and</TD></TR></TABLE>

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

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<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(iv)</TD><TD STYLE="text-align: justify">Notwithstanding anything to the contrary
                                            in this Section&nbsp;2.01(a), with respect to the conversion of Prepetition Superpriority
                                            Revolving Loans into Roll-Up Term Loans pursuant to clause (i)&nbsp;and/or (ii)&nbsp;above,
                                            the 2026 May&nbsp;Incremental Revolving Credit Loans (under and as defined in the Prepetition
                                            Super-Priority Revolving Credit Agreement) shall be deemed &ldquo;rolled up&rdquo; and converted
                                            into Roll-Up Term Loans in full first, followed by the and the 2026 Incremental Revolving
                                            Credit Loans (under and as defined in the Prepetition Super-Priority Revolving Credit Agreement),
                                            which shall be deemed &ldquo;rolled up&rdquo; and converted into Roll-Up Term Loans in full
                                            second, in each case, prior to any roll-up or conversion of any Closing Date Revolving Credit
                                            Loans (under and as defined in the Prepetition Super-Priority Revolving Credit Agreement)
                                            pursuant to clause (i)&nbsp;and/or (ii)&nbsp;above.</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"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Required Lenders shall provide to the Administrative
Agent the allocation of the Roll-Up Term Loans, which shall initially be deemed SOFR Loans, and the allocation of such Roll-Up . Once
repaid, the Roll-Up Term Loans may not be reborrowed.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;2.02&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Borrowings,
Conversions and Continuations</U></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(a)&nbsp; Each Term Borrowing, each conversion
of Term Loans from one Type to the other, and each continuation of Benchmark Rate Loans shall be made upon the Lead Borrower&rsquo;s
irrevocable notice to the Administrative Agent, which may be given by telephone. Each such notice must be received by the Administrative
Agent not later than 1:00 p.m.&nbsp;(New York, New York time, in the case of Borrowings denominated in Dollars) (i)&nbsp;one (1)&nbsp;Business
Day prior to the requested date of any Borrowing of, or one day prior to the Delayed Draw New Money Closing Date, with respect to the
Borrowings on the Delayed Draw New Money Closing Date, or conversion of Base Rate Loans to Benchmark Rate Loans denominated in Dollars,
(ii)&nbsp;[reserved] and (iii)&nbsp;one (1)&nbsp;Business Day before the requested date of any Borrowing of Base Rate Loans or conversion
of Benchmark Rate Loans denominated in Dollars to Base Rate Loans. Each telephonic notice by the Lead Borrower pursuant to this <U>Section&nbsp;2.02(a)</U>&nbsp;must
be confirmed promptly by delivery to the Administrative Agent of a written Committed Loan Notice, appropriately completed and signed
by a Responsible Officer of the Lead Borrower. Each Borrowing of, conversion to or continuation of Benchmark Rate Loans shall be in a
minimum Dollar Amount of $1,000,000 or a whole multiple of a Dollar Amount of $250,000 in excess thereof (or, if less, the entire remaining
amount of the Commitments in respect thereof with respect to any Borrowing, or the entire outstanding principal amount thereof with respect
to any conversion to or continuation). Except as provided in <U>Section&nbsp;2.03(c)</U>&nbsp;or <U>Section&nbsp;2.04(c)</U>, each Borrowing
of or conversion to Base Rate Loans shall be in a minimum Dollar Amount of $500,000 or a whole multiple of a Dollar Amount of $100,000
in excess thereof (or, if less, the entire remaining amount of the Commitments in respect thereof with respect to any Borrowing, or the
entire outstanding principal amount thereof with respect to any conversion to or continuation). Each Committed Loan Notice (whether telephonic
or written) shall specify (i)&nbsp;whether the Borrowers are requesting a Term Borrowing, a conversion of Term Loans from one Type to
the other, or a continuation of Benchmark Rate Loans, (ii)&nbsp;the requested date of the Borrowing, conversion or continuation, as the
case may be (which shall be a Business Day), (iii)&nbsp;the principal amount of Loans to be borrowed, converted or continued, (iv)&nbsp;[reserved],
(v)&nbsp;the Type of Loans to be borrowed or to which existing Term Loans are to be converted and (vi)&nbsp;if applicable, the duration
of the Interest Period with respect thereto, which may, at the election of the Lead Borrower, be a Stub Period. If with respect to Benchmark
Rate Loans denominated in Dollars, the Lead Borrower fails to specify a Type of Loan in a Committed Loan Notice or if the Lead Borrower
fails to give a timely notice requesting a conversion or continuation, then the applicable Class&nbsp;of Term Loans or Revolving Credit
Loans shall be made as, or converted to, Base Rate Loans. Any such automatic conversion pursuant to the immediately preceding sentence
shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Benchmark Rate Loans. If the
Lead Borrower requests a Borrowing of, conversion to, or continuation of Benchmark Rate Loans in any such Committed Loan Notice, but
fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one (1)&nbsp;month. If no currency is
specified, the requested Borrowing shall be in Dollars.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Following
receipt of a Committed Loan Notice, the Administrative Agent shall promptly notify each Lender of the amount of its Pro Rata Share of
the applicable Class&nbsp;of Loans, and if no timely notice of a conversion or continuation is provided by the Lead Borrower, the Administrative
Agent shall notify each Lender of the details of any automatic conversion to Base Rate Loans or continuation described in <U>Section&nbsp;2.02(a)</U>.
In the case of each Borrowing, each Appropriate Lender shall make the amount of its Loan available to the Administrative Agent in the
applicable currency in Same Day Funds at the Administrative Agent&rsquo;s Office not later than 1:00 p.m.&nbsp;(New York, New York time)
in the case of any Loan denominated in Dollars on the Business Day specified in the applicable Committed Loan Notice. The Administrative
Agent shall make all funds so received available to the Borrowers in like funds as received by the Administrative Agent either by (i)&nbsp;crediting
the account(s)&nbsp;of the Borrowers on the books of the Administrative Agent with the amount of such funds or (ii)&nbsp;wire transfer
of such funds, in each case in accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by the
Lead Borrower.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;During
the existence of an Event of Default, at the election of the Administrative Agent (at the direction of the Required Lenders) or the Required
Lenders, no Loans denominated in Dollars may be requested as, converted to or continued as Benchmark Rate Loans.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Administrative Agent shall promptly notify the Lead Borrower and the Lenders of the interest rate applicable to any Interest Period for
Benchmark Rate Loans upon determination of such interest rate. The determination of the Benchmark Rate by the Administrative Agent shall
be conclusive in the absence of manifest error. At any time that Base Rate Loans are outstanding, the Administrative Agent shall notify
the Lead Borrower and the Lenders of any change in the &ldquo;prime rate&rdquo; used in determining the Base Rate promptly following
the public announcement of such change.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;After
giving effect to all Term Borrowings, all conversions of Term Loans from one Type to the other, and all continuations of Term Loans as
the same Type, there shall not be more than ten (10)&nbsp;Interest Periods in effect.</P>

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<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;The
failure of any Lender to make the Loan to be made by it as part of any Borrowing shall not relieve any other Lender of its obligation,
if any, hereunder to make its Loan on the date of such Borrowing, but no Lender shall be responsible for the failure of any other Lender
to make the Loan to be made by such other Lender on the date of any Borrowing.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Lender may, at its option, make any Loan available to any Borrower by causing any foreign or domestic branch or Affiliate of such Lender
to make such Loan; <I>provided</I> that any exercise of such option shall not affect the obligation of such Borrower to repay such Loan
in accordance with the terms of this Agreement, subject in each case to Sections 3.01 and 3.04 hereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;2.03&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Letters
of Credit</U>.</B></P>

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<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>New
Letters of Credit; Amendments</U>. The parties hereto acknowledge and agree that all Existing Letters of Credit shall be deemed to have
been issued pursuant hereto and from and after the Closing Date shall be subject to and governed by the terms and conditions of this
Agreement. Notwithstanding anything to the contrary set forth in this Agreement, (x)&nbsp;the L/C Issuer shall have no obligation to
issue new letters of credit or to amend, extend, renew, increase or otherwise modify any Existing Letter of Credit, except with the prior
written consent of the L/C Issuer and each L/C Lender, (y)&nbsp;the agreements set forth in this Section&nbsp;2.03 shall (I)&nbsp;inure
to the benefit of the L/C Issuer, (II)&nbsp;not be discharged, released, reduced or otherwise modified without the written consent of
the L/C Issuer, and (III)&nbsp;each L/C Lender&rsquo;s agreements set forth in this <U>Section&nbsp;2.03</U> and its participation and
reimbursement obligations regarding the Existing Letters of Credit shall not be discharged, released, reduced or otherwise modified without
the written consent of the L/C Issuer unless and until all obligations of the L/C Issuer with respect to the Existing Letters of Credit
have been Cash Collateralized, terminated or replaced in a manner satisfactory to the L/C Issuer. With respect to any Existing Letter
of Credit that renews automatically, the L/C Issuer shall be authorized to issue any notice of non-renewal as and when necessary to prevent
the renewal or extension of such Existing Letter of Credit beyond its existing expiry date. Any amendment of any Letter of Credit shall
be subject to the prior written consent of the L/C Issuer and each L/C Lender. The L/C issuer shall not be required to issue any type
of letter of credit other than a standby letter of credit.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>[Reserved]</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Drawings
and Reimbursements</U>. (i)&nbsp; Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter
of Credit, the relevant L/C Issuer shall notify promptly the Lead Borrower and the Administrative Agent thereof, including the Dollar
Amount of the drawing promptly following the determination or revaluation thereof. Not later than 11:00 a.m.&nbsp;on the second Business
Day following any payment by the relevant L/C Issuer under a Letter of Credit with notice to the Lead Borrower (each such date, an &ldquo;<U>Honor
Date</U>&rdquo;), (x)&nbsp;the Administrative Agent shall promptly notify each L/C Lender of the Honor Date, the amount of the unreimbursed
drawing (determined, for purposes of any Letter of Credit denominated in an Alternative Currency, using the Dollar Equivalent (determined
using the Exchange Rate calculated as of the date when such payment was due) of such unreimbursed drawing) (such amount, the &ldquo;Unreimbursed
Amount&rdquo;), and the amount of such Lender&rsquo;s Pro Rata Share thereof and (y)&nbsp;a Roll-Up Term Loan (Rev) that is a Base Rate
Loan shall be deemed to have been made for the benefit of the L/C Issuer on the Honor Date (without regard to the minimum a multiple
specified in Section&nbsp;2.02), in an aggregate principal amount equal to the Unreimbursed Amount. In such event, each L/C Lender shall
make funds available to the Administrative Agent for the account of the relevant L/C Issuer in Dollars, at the Administrative Agent&rsquo;s
Office for payments in an amount equal to its Pro Rata Share or other applicable share provided under this Agreement of the Unreimbursed
Amount not later than 1:00 p.m.&nbsp;on the Business Day specified in such notice by the Administrative Agent (which Business Day, for
the avoidance of doubt, may be the Honor Date). Upon such payment by each L/C Lender severally, the Roll-Up Term Loan (Rev) deemed to
have been borrowed in respect of the drawn Letter of Credit shall be deemed to have been assigned by the L/C Issuer to the applicable
L/C Lender. The Administrative Agent shall remit the funds so received to the relevant L/C Issuer. Any notice given by an L/C Issuer
or the Administrative Agent pursuant to this Section&nbsp;2.03(c)&nbsp;may be given by telephone if immediately confirmed in writing;
<U>provided</U> that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice.
The Borrower&rsquo;s reimbursement obligations with respect to any drawn Letter of Credit shall be to repay the deemed borrowing of Roll-Up
Term Loans (Rev) in respect thereof in accordance with the terms of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&#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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&#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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
obligation of each L/C Lender to fund its L/C Advance to reimburse an L/C Issuer for amounts drawn under Letters of Credit, as contemplated
by this <U>Section&nbsp;2.03(c)</U>, shall be absolute and unconditional and shall not be affected by any circumstance, including (A)&nbsp;any
setoff, counterclaim, recoupment, defense or other right which such Lender may have against the relevant L/C Issuer, either Borrower
or any other Person for any reason whatsoever; (B)&nbsp;the occurrence or continuance of a Default, or the failure to satisfy any of
the other conditions specified in <U>Article&nbsp;IV</U>; (C)&nbsp;any adverse change in the condition (financial or otherwise) of the
Loan Parties; (D)&nbsp;any breach of this Agreement or any other Loan Document by either Borrower, any other Loan Party or any other
L/C Issuer; or (E)&nbsp;any other circumstance, occurrence, event or condition, whether or not similar to any of the foregoing.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If
any L/C Lender fails to make available to the Administrative Agent for the account of the relevant L/C Issuer any amount required to
be paid by such L/C Lender pursuant to the foregoing provisions of this <U>Section&nbsp;2.03(c)</U>&nbsp;by the time specified therein,
such L/C Issuer shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with
interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to
such L/C Issuer at a rate per annum equal to the applicable Overnight Rate from time to time in effect. A certificate of the relevant
L/C Issuer submitted to any such Lender (through the Administrative Agent) with respect to any amounts owing under this section shall
be conclusive absent manifest error.</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Obligations
Absolute</U>. The obligation of the Borrowers to repay the Roll-Up Term Loan (Rev) deemed borrowed pursuant to this Section&nbsp;2.03
shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all
circumstances, including 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 1in; text-align: justify; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
lack of validity or enforceability of such Letter of Credit, this Agreement, or any other agreement or instrument relating 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 1in; text-align: justify; text-indent: 0.5in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
existence of any claim, counterclaim, setoff, defense or other right that any Loan Party may have at any time against any beneficiary
or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be acting), the relevant
L/C Issuer or any other Person, whether in connection with this Agreement, the transactions contemplated hereby or by such Letter of
Credit or any agreement or instrument relating thereto, or any unrelated transaction;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
draft, demand, certificate or other document presented under such Letter of Credit proving to be forged, fraudulent, invalid or insufficient
in any respect or any statement therein being untrue or inaccurate in any respect; or any loss or delay in the transmission or otherwise
of any document required in order to make a drawing under such Letter of Credit;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
payment by the relevant L/C Issuer under such Letter of Credit against presentation of a draft or certificate that does not strictly
comply with the terms of such Letter of Credit; or any payment made by the relevant L/C Issuer under such Letter of Credit to any Person
purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of creditors, liquidator, receiver or other
representative of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising in connection with
any proceeding under any Debtor Relief 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 1in; text-align: justify; text-indent: 0.5in">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
exchange, release or non-perfection of any Collateral, or any release or amendment or waiver of or consent to departure from the Guaranty
or any other guarantee, for all or any of the Obligations of any Loan Party in respect of such Letter of Credit; 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-align: justify; text-indent: 0.5in">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
other circumstance or happening whatsoever, whether or not similar to any of the foregoing, including any other circumstance that might
otherwise constitute a defense available to, or a discharge of, any Loan Party;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>provided</U> that the foregoing shall not
excuse any L/C Issuer from liability to the Lead Borrower to the extent of any direct damages (as opposed to consequential, punitive,
special or exemplary damages, claims in respect of which are waived by the Lead Borrower to the extent permitted by applicable Law) suffered
by the Lead Borrower that are caused by such L/C Issuer&rsquo;s gross negligence or willful misconduct as determined in a final and non-appealable
judgment by a court of competent jurisdiction when determining whether drafts and other documents presented under a Letter of Credit
comply with 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"></P>

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<P STYLE="font: 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; text-align: justify; text-indent: 1in">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Role
of L/C Issuers</U>. Each Lender and each Borrower agree that, in paying any drawing under a Letter of Credit, the relevant L/C Issuer
shall not have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by
the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the Person executing
or delivering any such document. None of the L/C Issuers, any Agent-Related Person nor any of the respective correspondents, participants
or assignees of any L/C Issuer shall be liable to any Lender for (i)&nbsp;any action taken or omitted in connection herewith at the request
or with the approval of the Lenders or the Lenders holding a majority of the L/C Commitments, as applicable; (ii)&nbsp;any action taken
or omitted in the absence of gross negligence or willful misconduct as determined in a final and non-appealable judgment by a court of
competent jurisdiction; or (iii)&nbsp;the due execution, effectiveness, validity or enforceability of any document or instrument related
to any Letter of Credit. The Borrowers hereby assume all risks of the acts or omissions of any beneficiary or transferee with respect
to its use of any Letter of Credit; <U>provided</U> that this assumption is not intended to, and shall not, preclude either Borrower
from pursuing such rights and remedies as it may have against the beneficiary or transferee at law or under any other agreement. None
of the L/C Issuers, any Agent-Related Person, nor any of the respective correspondents, participants or assignees of any L/C Issuer,
shall be liable or responsible for any of the matters described in clauses&nbsp;(i)&nbsp;through (vi)&nbsp;of <U>Section&nbsp;2.03(e)</U>;
<U>provided</U> that anything in such clauses to the contrary notwithstanding, each Borrower may have a claim against an L/C Issuer,
and such L/C Issuer may be liable to each Borrower, to the extent, but only to the extent, of any direct, as opposed to consequential,
punitive or exemplary, damages suffered by either Borrower which such Borrower proves were caused by such L/C Issuer&rsquo;s willful
misconduct or gross negligence or such L/C Issuer&rsquo;s willful or grossly negligent failure to pay under any Letter of Credit after
the presentation to it by the beneficiary of a sight draft and certificate(s)&nbsp;strictly complying with the terms and conditions of
a Letter of Credit, in each case as determined in a final and non-appealable judgment by a court of competent jurisdiction. In furtherance
and not in limitation of the foregoing, each L/C Issuer may accept documents that appear on their face to be in order, without responsibility
for further investigation, regardless of any notice or information to the contrary, and no L/C Issuer shall be responsible for the validity
or sufficiency of any instrument transferring or assigning or purporting to transfer or assign a Letter of Credit or the rights or benefits
thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Cash
Collateral</U>. (i)&nbsp;If, as of the expiration date of any Letter of Credit, any applicable Letter of Credit for any reason remains
outstanding and partially or wholly undrawn, (ii)&nbsp;if any Event of Default occurs and is continuing and the Administrative Agent
or the Lenders holding a majority of the L/C Commitments, as applicable, require the Borrowers to Cash Collateralize the L/C Obligations
pursuant to <U>Section&nbsp;8.02</U> or (iii)&nbsp;if an Event of Default set forth under <U>Section&nbsp;8.01(f)</U>&nbsp;occurs and
is continuing, the Borrowers shall Cash Collateralize the then Outstanding Amount of all of their (or, in the case of clause&nbsp;(i),
the applicable) L/C Obligations (in an amount equal to such Outstanding Amount determined as of the date of such Event of Default or
the applicable expiration date of any Letter of Credit, as the case may be), and shall do so not later than 2:00 P.M., New York City
time, on (x)&nbsp;in the case of the immediately preceding clauses&nbsp;(i)&nbsp;or (ii), (1)&nbsp;the Business Day that the Lead Borrower
receives notice thereof, if such notice is received on such day prior to 12:00 Noon, New York City time, or (2)&nbsp;if clause&nbsp;(1)&nbsp;above
does not apply, the Business Day immediately following the day that the Lead Borrower receives such notice and (y)&nbsp;in the case of
the immediately preceding clause&nbsp;(iii), the Business Day on which an Event of Default set forth under <U>Section&nbsp;8.01(f)</U>&nbsp;occurs
or, if such day is not a Business Day, the Business Day immediately succeeding such day. At any time that there shall exist a Defaulting
Lender, immediately upon the request of the Administrative Agent or the L/C Issuer, the Borrowers shall deliver to the Administrative
Agent Cash Collateral in an amount sufficient to cover all Fronting Exposure (after giving effect to <U>Section&nbsp;2.19(a)(iv)</U>&nbsp;and
any Cash Collateral provided by the Defaulting Lender). For purposes hereof, &ldquo;<U>Cash Collateralize</U>&rdquo; means to pledge
and deposit with or deliver to the Administrative Agent, for the benefit of the relevant L/C Issuer and the L/C Lenders, as collateral
for the relevant L/C Obligations, cash or deposit account balances (&ldquo;<U>Cash Collateral</U>&rdquo;) pursuant to documentation in
form, amount and substance reasonably satisfactory to the Administrative Agent and the relevant L/C Issuer (which documents are hereby
consented to by the L/C Lenders). Derivatives of such term have corresponding meanings. The Borrowers hereby grant to the Administrative
Agent, for the benefit of the L/C Issuers and the L/C Lenders, a security interest in all such cash, deposit accounts and all balances
therein and all proceeds of the foregoing. Cash Collateral shall be maintained in blocked accounts at the Administrative Agent and may
be invested in readily available Cash Equivalents. If at any time the Administrative Agent determines that any funds held as Cash Collateral
are expressly subject to any right or claim of any Person other than the Administrative Agent (on behalf of the Secured Parties) or that
the total amount of such funds is less than the aggregate Outstanding Amount of all relevant L/C Obligations, the Borrowers will, forthwith
upon demand by the Administrative Agent, pay to the Administrative Agent, as additional funds to be deposited and held in the deposit
accounts at the Administrative Agent as aforesaid, an amount equal to the excess of (a)&nbsp;such aggregate Outstanding Amount over (b)&nbsp;the
total amount of funds, if any, then held as Cash Collateral that the Administrative Agent reasonably determines to be free and clear
of any such right and claim. Upon the drawing of any Letter of Credit for which funds are on deposit as Cash Collateral, such funds shall
be applied, to the extent permitted under applicable Law, to reimburse the relevant L/C Issuer. To the extent the amount of any Cash
Collateral exceeds the then Outstanding Amount of such L/C Obligations and so long as no Event of Default has occurred and is continuing,
the excess shall be refunded to the Lead Borrower. To the extent any Event of Default giving rise to the requirement to Cash Collateralize
any Letter of Credit pursuant to this <U>Section&nbsp;2.03(g)</U>&nbsp;is cured or otherwise waived, then so long as no other Event of
Default has occurred and is continuing, all Cash Collateral pledged to Cash Collateralize such Letter of Credit shall be refunded to
the Lead Borrower. If at any time the Administrative Agent determines that Cash Collateral is subject to any right or claim of any Person
other than the Administrative Agent as herein provided, or that the total amount of such Cash Collateral is less than the applicable
Fronting Exposure and other obligations secured thereby, the Borrowers or the relevant Defaulting Lender will, promptly upon demand by
the Administrative Agent, pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to eliminate
such deficiency. In addition, the Administrative Agent may request at any time and from time to time after the initial deposit of Cash
Collateral that additional Cash Collateral be provided by the Borrowers in order to protect against the results of exchange rate fluctuations
with respect to Letters of Credit denominated in currencies other than Dollars.</P>

<P STYLE="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>

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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">&nbsp;</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>Letter
of Credit Fees</U>. The Borrowers shall pay to the Administrative Agent for the account of each L/C Lender in accordance with its Pro
Rata Share of L/C Commitments a Letter of Credit fee for each Letter of Credit issued pursuant to this Agreement equal to the Applicable
Margin applicable to Roll-Up Loans (Rev) <I>times</I> the daily maximum amount then available to be drawn under such Letter of Credit
(whether or not such maximum amount is then in effect under such Letter of Credit if such maximum amount increases periodically pursuant
to the terms of such Letter of Credit); <U>provided</U>, <U>however</U>, any Letter of Credit fees otherwise payable for the account
of Defaulting Lender with respect to any Letter of Credit as to which such Defaulting Lender has not provided Cash Collateral satisfactory
to the L/C Issuer pursuant to this <U>Section&nbsp;2.03</U> shall be payable, to the maximum extent permitted by applicable Law, to the
other Lenders in accordance with the upward adjustments in their respective Pro Rata Shares allocable to such Letter of Credit pursuant
to <U>Section&nbsp;2.19(a)(iv)</U>, with the balance of such fee, if any, payable to the L/C Issuer for its own account. Such Letter
of Credit fees shall be computed on a quarterly basis in arrears. Such Letter of Credit fees shall be due and payable in Dollars on the
last Business Day of each March, June, September&nbsp;and December, commencing with the first such date to occur after the issuance of
such Letter of Credit, on the applicable expiration date of any Letter of Credit and thereafter on demand.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Fronting
Fee and Documentary and Processing Charges Payable to L/C Issuers</U>. The Borrowers shall pay directly to each L/C Issuer for its own
account a fronting fee with respect to each Letter of Credit issued by it equal to 0.125% per annum of the maximum amount then available
to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit if such maximum
amount increases periodically pursuant to the terms of such Letter of Credit). Such fronting fees shall be computed on a quarterly basis
in arrears. Such fronting fees shall be due and payable in Dollars on the last Business Day of each of March, June, September&nbsp;and
December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the expiration date of any Letter
of Credit and thereafter on demand. In addition, the Lead Borrower shall pay directly to each L/C Issuer for its own account with respect
to each Letter of Credit the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges,
of such L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are
due and payable within ten (10)&nbsp;Business Days of demand and are nonrefundable.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(j)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>[Reserved]</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(k)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>[Reserved]</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(l)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Existing
Letters of Credit</U>. The parties hereto agree that the Existing Letters of Credit shall be deemed Letters of Credit for all purposes
under this Agreement, without any further action by either Borrower.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(m)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>[Reserved]</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(n)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Letters
of Credit Issued for Subsidiaries</U>. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations
of, or is for the account of, a Subsidiary, the Borrowers shall be obligated for all Loans deemed made as a result of the drawings thereof.
Each Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of each
Borrower, and that such Borrower&rsquo;s business derives substantial benefits from the businesses of such Subsidiaries.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;2.04&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>[Reserved]</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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;2.05&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Prepayments.</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: justify">(a)&nbsp; (i)&nbsp; The Borrowers may, upon notice
by the Lead Borrower to the Administrative Agent, at any time or from time to time voluntarily prepay any Class&nbsp;or Classes of Term
Loans of any Class&nbsp;or Classes in whole or in part without premium or penalty, with respect to the Term Loans, Section&nbsp;2.09(c)&nbsp;with
respect to the Term Loans; <U>provided</U> that (1)&nbsp;such notice must be received by the Administrative Agent not later than (A)&nbsp;12:30
p.m.&nbsp;(New York, New York time in the case of Loans denominated in Dollars) three (3)&nbsp;Business Days prior to any date of prepayment
of Benchmark Rate Loans (unless otherwise agreed by the Administrative Agent) and (B)&nbsp;11:00 a.m.&nbsp;(New York, New York time)
on the date of prepayment of Base Rate Loans; (2)&nbsp;any prepayment of Benchmark Rate Loans shall be in a principal Dollar Amount of
$1,000,000, or a whole multiple of $250,000 in excess thereof; and (3)&nbsp;any prepayment of Base Rate Loans shall be in a minimum principal
amount of $500,000 or a whole multiple of $100,000 in excess thereof or, in each case, if less, the entire principal amount thereof then
outstanding. Each such notice shall specify the date and amount of such prepayment and the Class(es) and Type(s)&nbsp;of Loans and the
order of Borrowing(s)&nbsp;to be prepaid. The Administrative Agent will promptly notify each Appropriate Lender of its receipt of each
such notice, and of the amount of such Lender&rsquo;s Pro Rata Share of such prepayment. If such notice is given by the Lead Borrower,
the Borrowers shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified
therein. In the case of each prepayment of Loans pursuant to this <U>Section&nbsp;2.05(a)</U>, the Lead Borrower may in its sole discretion
select the Borrowing or Borrowings to be repaid, and such payment shall be paid to the Appropriate Lenders in accordance with their respective
Pro Rata Shares or other applicable share provided for 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"></P>

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<P STYLE="font: 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; text-align: justify; text-indent: 1.5in">(ii)&#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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Notwithstanding
anything to the contrary contained in this Agreement, the Lead Borrower may rescind any notice of prepayment under <U>Section&nbsp;2.05(a)(i)</U>&nbsp;or
<U>2.05(a)(ii)</U>&nbsp;if such prepayment would have resulted from a refinancing of all of the Facilities, which refinancing shall not
be consummated or shall otherwise be delayed.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Notwithstanding
anything to the contrary contained in this Agreement, the Lead Borrower may rescind any notice of prepayment under <U>Section&nbsp;2.05(a)(i)</U>&nbsp;or
<U>2.05(a)(ii)</U>&nbsp;if such prepayment would have resulted from a refinancing of all of the Facilities, which refinancing shall not
be consummated or shall otherwise be delayed.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
prepayment pursuant to <U>Section&nbsp;2.05(a)(i)</U>&nbsp;shall be applied to one or more Classes of Term Loans as directed by the Lead
Borrower to the Administrative Agent by written notice at or prior to the time of such prepayment or, to the extent the Lead Borrower
has not provided such notice to the Administrative Agent by the time of such prepayment, ratably across each class of Term Loans. Each
prepayment of any Class&nbsp;of Term Loans pursuant to <U>Section&nbsp;2.05(a)(i)</U>&nbsp;shall reduce future scheduled amortization
payments of principal thereof pursuant to <B><U>Section&nbsp;2.07.</U></B> as directed by the Lead Borrower by written notice to the
Administrative Agent at or prior to the time of such prepayment or, to the extent the Lead Borrower has not provided such notice to the
Administrative Agent by the time of such prepayment, in the direct order of maturity to the applicable Class&nbsp;of Term Loans.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Mandatory</U>.
(i)&nbsp;[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-align: justify; text-indent: 1.5in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If
(1)&nbsp;the Lead Borrower or any Restricted Subsidiary of the Lead Borrower Disposes of any property or assets outside of the ordinary
course of business (other than any Disposition of any property or assets permitted by <U>Section&nbsp;7.05(a)</U>, <U>(b)</U>, <U>(c)</U>,
<U>(d)</U>, <U>(e)</U>, <U>(f)</U>, <U>(g)</U>, <U>(h)</U>, <U>(i)</U>, <U>(k)</U>, (l), <U>(o)</U>, <U>(p)</U>, <U>(r)&nbsp;</U>or <U>(s)</U>)
or (2)&nbsp;any Casualty Event occurs, which results in the realization or receipt by the Lead Borrower or any Restricted Subsidiary
of Net Proceeds, the Borrowers shall cause to be prepaid on or prior to the date which is five (5)&nbsp;Business Days after the date
of the realization or receipt by the Lead Borrower or any Restricted Subsidiary of such Net Proceeds an aggregate principal amount of
Term in an amount equal to 100% of all Net Proceeds realized or received; <U>provided</U>, <U>however</U>, that with respect to any Net
Proceeds received or realized from any Casualty Event, the Borrowers shall not be required to prepay the Term Loans pursuant to this
<U>Section&nbsp;2.05(b)(ii)</U>&nbsp;with such Net Proceeds to the extent that the Lead Borrower shall have delivered to the Administrative
Agent written notice (email being sufficient) on or prior to such prepayment date stating that such Net Proceeds (or a portion thereof)
shall be reinvested in assets useful in the business of the Loan Parties (or any of their respective Subsidiaries) within one hundred
eighty (180) days following the receipt of such Net Proceeds, and if at the end of such reinvestment period any such Net Proceeds have
not been so reinvested, the Borrowers shall cause to be prepaid on or prior to the date which is five (5)&nbsp;Business Days after the
expiration of such reinvestment period an aggregate principal amount of Term Loans (minus the amount of interest due and owing thereon)
in an amount equal to 100% of such Net Proceeds that have not been so reinvested.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If
either Borrower or any Restricted Subsidiary incurs or issues any other Indebtedness (other than Indebtedness not prohibited under <U>Section&nbsp;7.03</U>),
the Borrowers shall cause to be prepaid an aggregate principal amount of Term Loans in an amount equal to 100% of all Net Proceeds received
therefrom on or prior to the date which is five (5)&nbsp;Business Days after such Net Proceeds are received by the Lead Borrower or such
Restricted Subsidiary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)&#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-align: justify; text-indent: 1.5in">(v)&#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-align: justify; text-indent: 1.5in">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
prepayment of Term Loans pursuant to this <U>Section&nbsp;2.05(b)</U>&nbsp;(A)&nbsp;shall be applied either (x)&nbsp;ratably to each
Class&nbsp;of Term Loans then outstanding or (y)&nbsp;as requested by the Lead Borrower in the notice delivered pursuant to clause (vii)&nbsp;below,
to any Class&nbsp;or Classes of Term Loans with a Maturity Date preceding the Maturity Date of the remaining Classes of Term Loans then
outstanding, (B)&nbsp;shall be applied, with respect to future amortization applicable to each such Class&nbsp;for which prepayments
will be made, in a manner determined at the discretion of the Lead Borrower in the applicable notice and, if not specified, in direct
order of maturity to repayments thereof required pursuant to Section&nbsp;2.07 and <U>(C)</U>&nbsp;shall be paid to the Appropriate Lenders
in accordance with their respective Pro Rata Share (or other applicable share provided by this Agreement) of each such Class&nbsp;of
Term Loans, subject to clause&nbsp;(vii)&nbsp;of this <U>Section&nbsp;2.05(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-align: justify; text-indent: 1.5in">(vii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Lead Borrower shall notify the Administrative Agent in writing of any mandatory prepayment of Term Loans required to be made pursuant
to clauses&nbsp;(i)&nbsp;through (iii)&nbsp;of this <U>Section&nbsp;2.05(b)</U>&nbsp;at least three (3)&nbsp;Business Days prior to the
date of such prepayment. Each such notice shall specify the date of such prepayment and provide a reasonably detailed calculation of
the amount of such prepayment. The Administrative Agent will promptly notify each Appropriate Lender of the contents of the Lead Borrower&rsquo;s
prepayment notice and of such Appropriate Lender&rsquo;s Pro Rata Share of the prepayment. Each Term Lender may reject all or a portion
of its Pro Rata Share of any mandatory prepayment (such declined amounts, the &ldquo;<U>Declined Proceeds</U>&rdquo;) of Term Loans required
to be made pursuant to clauses&nbsp;(i), (ii)&nbsp;and (iii)(y)&nbsp;of this <U>Section&nbsp;2.05(b)</U>&nbsp;by providing written notice
(each, a &ldquo;<U>Rejection Notice</U>&rdquo;) to the Administrative Agent and the Lead Borrower no later than 5:00 p.m.&nbsp;one Business
Day after the date of such Lender&rsquo;s receipt of notice from the Administrative Agent regarding such prepayment. Each Rejection Notice
from a given Lender shall specify the principal amount of the mandatory repayment of Term Loans to be rejected by such Lender. If a Term
Lender fails to deliver a Rejection Notice to the Administrative Agent within the time frame specified above or such Rejection Notice
fails to specify the principal amount of the Term Loans to be rejected, any such failure will be deemed an acceptance of the total amount
of such mandatory prepayment of Term Loans. Any Declined Proceeds shall be offered to the Term Lenders not so declining such prepayment
on a <U>pro rata</U> basis in accordance with the amounts of the Term Loans of such Lender (with such non-declining Term Lenders having
the right to decline any prepayment with Declined Proceeds at the time and in the manner specified by the Administrative Agent). To the
extent such non-declining Term Lenders elect to decline their Pro Rata Share of such Declined Proceeds, any Declined Proceeds remaining
thereafter shall be retained by the Borrowers (such remaining Declined Proceeds, the &ldquo;<U>Borrower Retained Prepayment Amounts</U>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(viii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Funding
Losses</U>, <U>Etc.</U> All prepayments under this <U>Section&nbsp;2.05</U> shall be made together with, in the case of any such prepayment
of a Benchmark Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Benchmark
Rate Loan pursuant to <U>Section&nbsp;3.05</U>. any further action by or notice to or from either Borrower or any other Loan Party) to
apply such amount Notwithstanding any of the other provisions of <U>Section&nbsp;2.05(b)</U>, so long as no Event of Default shall have
occurred and be continuing, if any prepayment of Benchmark Rate Loans is required to be made under this <U>Section&nbsp;2.05(b)</U>,
prior to the last day of the Interest Period therefor, the Borrowers may, in their sole discretion, deposit the amount of any such prepayment
otherwise required to be made thereunder into a Cash Collateral Account until the last day of such Interest Period, at which time the
Administrative Agent shall be authorized (without to the prepayment of such Loans in accordance with this <U>Section&nbsp;2.05(b)</U>.
Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall also be authorized (without any
further action by or notice to or from either Borrower or any other Loan Party) to apply such amount to the prepayment of the outstanding
Loans in accordance with this <U>Section&nbsp;2.05(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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ix)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Limitation
of Prepayment Obligations</U>. Notwithstanding any other provisions of this <U>Section&nbsp;2.05(b)</U>, (i)&nbsp;to the extent any or
all of the Net Proceeds of any Disposition by a Foreign Subsidiary (&ldquo;<U>Foreign Asset Sale</U>&rdquo;) or the Net Proceeds of any
Casualty Event incurred by a Foreign Subsidiary (&ldquo;<U>Foreign Recovery Event</U>&rdquo;) to be repatriated to Luxembourg or passed
on to or used for the benefit of the Borrowers, the portion of such Net Proceeds of a Foreign Asset Sale or a Foreign Recovery Event
so affected will not be required to be applied to prepay the Term Loans at the times provided in this <U>Section&nbsp;2.05(b)</U>&nbsp;but
may be retained by the applicable Foreign Subsidiary so long, but only so long, as the applicable local law or applicable organizational
documents of such Foreign Subsidiary will not permit repatriation to Luxembourg or the passing on to or otherwise using for the benefit
of the Borrowers (the Borrowers hereby agreeing to use all commercially reasonable efforts to overcome or eliminate any such restrictions
on repatriation, passing on or other use for the benefit of the Borrowers and/or use the other cash sources of the Lead Borrower and
its Restricted Subsidiaries to make the relevant prepayment) and (ii)&nbsp;to the extent that the Lead Borrower has determined in good
faith that repatriation of any of or all the Net Proceeds of any Foreign Asset Sale or Foreign Recovery Event attributable to Foreign
Subsidiaries would have material adverse tax consequences (as reasonably determined in good faith by the Lead Borrower) with respect
to such Net Proceeds, such Net Proceeds so affected will not be required to be applied to repay Term Loans at the times provided in this
<U>Section&nbsp;2.05(b)</U>&nbsp;but may be retained by the applicable Foreign Subsidiary.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;2.06&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Reduction
of Commitments</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: justify; text-indent: 1in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>[Reserved]</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Mandatory</U>.
Each Lender&rsquo;s New Money Commitments shall be (A)&nbsp;permanently reduced on a dollar-for-dollar basis by the aggregate principal
amount of any New Money Term Loans funded by such Lender in accordance with Section&nbsp;2.01(a)&nbsp;in respect of such applicable New
Money Commitments, and (B)&nbsp;terminated in full on the Maturity Date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
L/C Commitment shall be terminated on the Maturity Date, so long as the Letters of Credit shall have been Cash Collateralized, terminated
or replaced in a manner satisfactory to the L/C Issuer; <U>provided</U> that the foregoing will not release any L/C Lender&nbsp; from
any obligation to fund its portion of L/C Advances with respect to Letters of Credit made prior to 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;2.07&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Repayment
of Loans</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: justify; text-indent: 1in">The Borrowers shall repay to
the Administrative Agent for the ratable account of the Appropriate Lenders on the Maturity Date for any Class&nbsp;of Term Loans, the
aggregate principal amount of all Term Loans of such Class&nbsp;outstanding on such date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;2.08&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Interest</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: justify; text-indent: 1in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Subject
to the provisions of <U>Section&nbsp;2.08(b)</U>, each Term Loan that is maintained as a Benchmark Rate Loan shall bear interest on the
outstanding principal amount thereof for each Interest Period at a rate per annum equal to the sum of (A)&nbsp;the Benchmark Rate for
such Interest Period applicable to the currency in which such Benchmark Rate Loan is denominated <U>plus</U> (B)&nbsp;the Applicable
Margin therefor and (ii)&nbsp;each Term Loan that is maintained as a Base Rate Loan shall bear interest on the outstanding principal
amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate <U>plus</U> the Applicable Margin therefor.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;During
the continuance of an Event of Default, the Borrowers shall pay interest on principal owing by it hereunder at a fluctuating interest
rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws; provided that no interest at
the Default Rate shall accrue or be payable to a Defaulting Lender so long as such Lender shall be a Defaulting Lender. Accrued and unpaid
interest on such amounts (including interest on past due interest) shall be due and payable upon demand.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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; text-align: justify; text-indent: 1in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Interest
on each Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such other times as may be specified
herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after
the commencement of any proceeding under any Debtor Relief Law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
interest amount is understood as net interest after the deduction of any Swiss Withholding Tax and shall, if the interest is or becomes
subject to such tax, and should clause&nbsp;(a)&nbsp;of <U>Section&nbsp;3.01</U> be unenforceable for any reason, be adjusted as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
amount of the payment due from the Borrowers shall be increased to an amount which (after making the deduction of Swiss Federal Withholding
Tax) leaves the Lenders entitled to such payment with an amount equal to the payment which would have been due if no deduction of Swiss
Federal Withholding Tax had been required. For such purpose, the Swiss Federal Withholding Tax shall be calculated on the full (grossed-up)
interest amount.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Borrowers shall provide the Lender or any other Person assigned by the Lender with the necessary documents which are required under the
Swiss Federal Withholding Tax Statute and any applicable double taxation treaties between Switzerland and the jurisdiction of organization
of any Lender for relief from the Swiss Federal Withholding Tax.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;In
connection with the use or administration of Term SOFR, the Administrative Agent will have the right to make Conforming Changes from
time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Conforming
Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document.
The Administrative Agent will promptly notify the Lead Borrower and the Lenders of the effectiveness of any Conforming Changes in connection
with the use or administration of Term SOFR.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;2.09&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Payments</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: justify; text-indent: 0.5in">In addition to certain fees
described in <U>Sections 2.03(h)</U>&nbsp;and <U>(i)</U>;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Administrative
Agent Fee</U>. The Borrowers agree to pay to the Administrative Agent, for its own account, the administrative agent fees as have been
previously agreed in writing or as may be agreed in writing from time to time, including but not limited to, those set forth in the Agent
Fee 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; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Put
Option Premium</U>. The Borrowers shall pay to the applicable Lenders, the Put Option Premium (as defined in the Commitment Letter) in
accordance with and at the times set forth in the Commitment Letter, which shall be paid in kind by increasing the aggregate principal
amount of New Money Term Loans of each such Lender on such date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Commitment
Payment</U>. The Borrower shall pay to each Lender having a New Money Commitment on the Closing Date, a commitment payment in an amount
equal to 3.50% of the aggregate principal amount of the New Money Commitments of such Lender as of the Closing Date, which shall be fully
earned, due and payable on the Closing Date and shall be paid in kind by increasing the aggregate principal amount of the New Money Term
Loans of each such Lender on such date.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;2.10&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Computation
of Interest and Fees</U></B>. All computations of interest for Base Rate Loans when the Base Rate is determined by the &ldquo;prime rate&rdquo;
shall be made on the basis of a year of three hundred and sixty-five (365) days, or three hundred and sixty-six (366) days, as applicable,
and actual days elapsed. All other computations of fees and interest shall be made on the basis of a three hundred and sixty (360) day
year and actual days elapsed. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan,
or any portion thereof, for the day on which the Loan or such portion is paid; <U>provided</U> that any Loan that is repaid on the same
day on which it is made shall, subject to <U>Section&nbsp;2.12(a)</U>, bear interest for one (1)&nbsp;day. Each determination by the
Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;2.11&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Evidence
of Indebtedness</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: justify; text-indent: 1in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Credit Extensions made by each Lender shall be evidenced by one or more accounts or records maintained by such Lender and evidenced by
one or more entries in the Register maintained by the Administrative Agent, acting solely for purposes of Treasury Regulation Section&nbsp;5f.103-1(c)&nbsp;and
proposed Treasury Regulations Section&nbsp;1.163-5(a)&nbsp;(or, in each case, any amended or successor version), as agent for the Borrowers,
in each case in the ordinary course of business. The accounts or records maintained by the Administrative Agent and each Lender shall
be <U>prima facie</U> evidence absent manifest error of the amount of the Credit Extensions made by the Lenders to the Borrowers and
the interest and payments thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the
obligation of the Borrowers hereunder to pay any amount owing with respect to the Obligations. In the event of any conflict between the
accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the
accounts and records of the Administrative Agent shall control in the absence of manifest error. Upon the request of any Lender made
through the Administrative Agent, the Borrowers shall execute and deliver to such Lender (through the Administrative Agent) a Note payable
to such Lender, which shall evidence such Lender&rsquo;s Loans in addition to such accounts or records. Each Lender may attach schedules
to its Note and endorse thereon the date, Type (if applicable), amount and maturity of its Loans and payments with respect thereto.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#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">&nbsp;</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;Entries
made in good faith by the Administrative Agent in the Register pursuant to <U>Section&nbsp;2.11(a)</U>&nbsp;and <U>(b)</U>, and by each
Lender in its account or accounts pursuant to <U>Section&nbsp;2.11(a)</U>&nbsp;and <U>(b)</U>, shall be <U>prima facie</U> evidence of
the amount of principal and interest due and payable or to become due and payable from the Borrowers to, in the case of the Register,
each Lender and, in the case of such account or accounts, such Lender, under this Agreement and the other Loan Documents, absent manifest
error; <U>provided</U> that the failure of the Administrative Agent or such Lender to make an entry, or any finding that an entry is
incorrect, in the Register or such account or accounts shall not limit or otherwise affect the obligations of the Borrowers under this
Agreement and the other Loan Documents.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;2.12&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Payments
Generally</U></B>. (a)&nbsp; All payments to be made by the Borrowers shall be made without condition or deduction for any counterclaim,
defense, recoupment or setoff. Except as otherwise expressly provided herein, all payments by the Borrowers hereunder shall be made to
the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the Administrative Agent&rsquo;s
Office in Dollars and in Same Day Funds not later than 2:00 p.m.&nbsp;(New York, New York time) on the dates specified herein. The Administrative
Agent will promptly distribute to each Lender its Pro Rata Share (or other applicable share as provided herein) of such payment in like
funds as received by wire transfer to such Lender&rsquo;s applicable Lending Office. All payments received by the Administrative Agent
after 2:00 p.m.&nbsp;(New York, New York time) in the case of payments in Dollars shall be deemed received on the next succeeding Business
Day and any applicable interest or fee shall continue to accrue.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If
any payment to be made by the Borrowers shall come due on a day other than a Business Day, payment shall be made on the next following
Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be; <U>provided</U> that,
if such extension would cause payment of interest on or principal of Benchmark Rate Loans to be made in the next succeeding calendar
month, such payment shall be made on the immediately preceding Business Day.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Unless
the Lead Borrower or any Lender has notified the Administrative Agent, prior to the date any payment is required to be made by it to
the Administrative Agent hereunder, that the Borrowers or such Lender, as the case may be, will not make such payment, the Administrative
Agent may assume that the Borrowers or such Lender, as the case may be, has timely made such payment and may (but shall not be so required
to), in reliance thereon, make available a corresponding amount to the Person entitled thereto. If and to the extent that such payment
was not in fact made to the Administrative Agent in Same Day Funds, 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-align: justify; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;if
the Borrowers failed to make such payment, each Lender shall forthwith on demand repay to the Administrative Agent the portion of such
assumed payment that was made available to such Lender in Same Day Funds, together with interest thereon in respect of each day from
and including the date such amount was made available by the Administrative Agent to such Lender to the date such amount is repaid to
the Administrative Agent in Same Day Funds at the applicable Federal Funds Rate from time to time in effect; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;if
any Lender failed to make such payment, such Lender shall forthwith on demand pay to the Administrative Agent the amount thereof in Same
Day Funds, together with interest thereon for the period from the date such amount was made available by the Administrative Agent to
the Borrowers to the date such amount is recovered by the Administrative Agent (the &ldquo;<U>Compensation Period</U>&rdquo;) at a rate
per annum equal to the applicable Federal Funds Rate from time to time in effect. When such Lender makes payment to the Administrative
Agent (together with all accrued interest thereon), then such payment amount (excluding the amount of any interest which may have accrued
and been paid in respect of such late payment) shall constitute such Lender&rsquo;s Loan included in the applicable Borrowing. If such
Lender does not pay such amount forthwith upon the Administrative Agent&rsquo;s demand therefor, the Administrative Agent may make a
demand therefor upon the Borrowers, and the Borrowers shall pay such amount to the Administrative Agent, together with interest thereon
for the Compensation Period at a rate per annum equal to the rate of interest applicable to the applicable Borrowing. Nothing herein
shall be deemed to relieve any Lender from its obligation to fulfill its Commitment or to prejudice any rights which the Administrative
Agent or the Lead Borrower may have against any Lender as a result of any default by such Lender hereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">A notice of the Administrative
Agent to any Lender or the Lead Borrower with respect to any amount owing under this <U>Section&nbsp;2.12(c)</U>&nbsp;shall be conclusive,
absent manifest error.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If
any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing provisions
of this <U>Article&nbsp;II</U>, and such funds are not made available to the Borrowers by the Administrative Agent because the conditions
to the applicable Credit Extension set forth in <U>Article&nbsp;IV</U> are not satisfied or waived in accordance with the terms hereof,
the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
obligations of the Lenders hereunder to make Loans are several and not joint. The failure of any Lender to make any Loan or to fund any
such participation on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such
date, and no Lender shall be responsible for the failure of any other Lender to so make its Loan or purchase its participation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&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; text-align: justify; text-indent: 1in">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Nothing
herein shall be deemed to obligate any Lender to obtain the funds for any Loan in any particular place or manner or to constitute a representation
by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Whenever
any payment received by the Administrative Agent under this Agreement or any of the other Loan Documents is insufficient to pay in full
all amounts due and payable to the Administrative Agent and the Lenders under or in respect of this Agreement and the other Loan Documents
on any date, such payment shall be distributed by the Administrative Agent and applied by the Administrative Agent and the Lenders in
the order of priority set forth in Section&nbsp;8.03. If the Administrative Agent receives funds for application to the Obligations of
the Loan Parties under or in respect of the Loan Documents under circumstances for which the Loan Documents do not specify the manner
in which such funds are to be applied, the Administrative Agent may (to the fullest extent permitted by mandatory provisions of applicable
Law), but shall not be obligated to, elect to distribute such funds to each of the Lenders in accordance with such Lender&rsquo;s Pro
Rata Share of the sum of the Outstanding Amount of all Loans 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;2.13&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Sharing
of Payments</U></B>. (a)&nbsp; If, other than as expressly provided elsewhere herein, any Lender shall obtain on account of the Loans
made by it, any payment (whether voluntary, involuntary, through the exercise of any right of setoff, or otherwise) in excess of its
ratable share (or other share contemplated hereunder) thereof, such Lender shall immediately (a)&nbsp;notify the Administrative Agent
of such fact, and (b)&nbsp;purchase from the other Lenders such participations in the Loans made by them as shall be necessary to cause
such purchasing Lender to share the excess payment in respect of such Loans or such participations, as the case may be, <U>pro rata</U>
with each of them; <U>provided</U> that if all or any portion of such excess payment is thereafter recovered from the purchasing Lender
under any of the circumstances described in <U>Section&nbsp;10.06</U> (including pursuant to any settlement entered into by the purchasing
Lender in its discretion), such purchase shall to that extent be rescinded and each other Lender shall repay to the purchasing Lender
the purchase price paid therefor, together with an amount equal to such paying Lender&rsquo;s ratable share (according to the proportion
of (i)&nbsp;the amount of such paying Lender&rsquo;s required repayment to (ii)&nbsp;the total amount so recovered from the purchasing
Lender) of any interest or other amount paid or payable by the purchasing Lender in respect of the total amount so recovered, without
further interest thereon. The Borrowers agree that any Lender so purchasing a participation from another Lender may, to the fullest extent
permitted by applicable Law, exercise all its rights of payment (including the right of setoff, but subject to <U>Section&nbsp;10.09</U>)
with respect to such participation as fully as if such Lender were the direct creditor of the Borrowers in the amount of such participation.
The Administrative Agent will keep records (which shall be conclusive and binding in the absence of manifest error) of participations
purchased under this <U>Section&nbsp;2.13</U> and will in each case notify the Lenders following any such purchases or repayments. Each
Lender that purchases a participation pursuant to this <U>Section&nbsp;2.13</U> shall from and after such purchase have the right to
give all notices, requests, demands, directions and other communications under this Agreement with respect to the portion of the Obligations
purchased to the same extent as though the purchasing Lender were the original owner of the Obligations purchased. Notwithstanding anything
to the contrary contained herein, the provisions of the preceding <U>Section&nbsp;2.13(a)</U>&nbsp;shall be subject to (x)&nbsp;the express
provisions of this Agreement which require, or permit, differing payments to be made to non-Defaulting Lenders as opposed to Defaulting
Lenders and (y)&nbsp;the express provisions of <U>Section&nbsp;3.07</U>, which permit disproportionate payments with respect to the Loans
as, and to the extent, provided 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;2.14&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>[Reserved]</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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;2.15&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>[Reserved]</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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;2.16&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>[Reserved]</U></B><I>.</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-align: justify; text-indent: 0.5in"><B>Section&nbsp;2.17&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>[Reserved].</U></B><I>.</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-align: justify; text-indent: 0.5in"><B>Section&nbsp;2.18&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>[Reserved]</U></B><I>.</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-align: justify; text-indent: 0.5in"><B>Section&nbsp;2.19&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Defaulting
Lenders</U></B><I>.</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Adjustments</U>.
Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then, until such time
as that Lender is no longer a Defaulting Lender, to the extent permitted by applicable Law:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Waivers
and Amendments</U>. That Defaulting Lender&rsquo;s right to approve or disapprove any amendment, waiver or consent with respect to this
Agreement shall be restricted as set forth in <U>Section&nbsp;10.01</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 0pt 1in; text-align: justify; text-indent: 0.5in">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Reallocation
of Payments</U>. Any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of that
Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to <U>Article&nbsp;VIII</U> or otherwise) shall be applied at
such time or times as may be determined by the Administrative Agent as follows: <U>first</U>, to the payment of any amounts owing by
that Defaulting Lender to the Administrative Agent hereunder; <U>second</U>, to the payment on a pro rata basis of any amounts owing
by that Defaulting Lender to the L/C Issuer; <U>third</U>, [reserved]; <U>fourth</U>, as the Lead Borrower may request (so long as no
Default or Event of Default has occurred and is continuing), to the funding of any Loan in respect of which that Defaulting Lender has
failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; <U>fifth</U>, if so determined
by the Administrative Agent and the Lead Borrower, to be held in a non-interest bearing deposit account and released in order to satisfy
obligations of that Defaulting Lender to fund Loans under this Agreement; <U>sixth</U>, to the payment of any amounts owing to the Lenders
or the L/C Issuer as a result of any judgment of a court of competent jurisdiction obtained by any Lender or the L/C Issuer against that
Defaulting Lender as a result of that Defaulting Lender&rsquo;s breach of its obligations under this Agreement; <U>seventh</U>, so long
as no Default or Event of Default has occurred and is continuing, to the payment of any amounts owing to the Lead Borrower as a result
of any judgment of a court of competent jurisdiction obtained by the Lead Borrower against that Defaulting Lender as a result of that
Defaulting Lender&rsquo;s breach of its obligations under this Agreement; and <U>eighth</U>, to that Defaulting Lender or as otherwise
directed by a court of competent jurisdiction; <U>provided</U> that if (x)&nbsp;such payment is a payment of the principal amount of
any Loans or L/C Borrowings in respect of which that Defaulting Lender has not fully funded its appropriate share and (y)&nbsp;such Loans
or L/C Borrowings were made at a time when the conditions set forth in <U>Section&nbsp;4.02</U> were satisfied or waived, such payment
shall be applied solely to pay the Loans of, and L/C Borrowings owed to, all Non-Defaulting Lenders on a <U>pro rata</U> basis prior
to being applied to the payment of any Loans of, or L/C Borrowings owed to, that Defaulting Lender. Any payments, prepayments or other
amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash
Collateral pursuant to this <U>Section&nbsp;2.20(a)(ii)</U>&nbsp;shall be deemed paid to and redirected by that Defaulting Lender, and
each Lender irrevocably consents hereto.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Certain
Fees</U>. That Defaulting Lender (x)&nbsp;shall not be entitled to receive any commitment fee pursuant to <U>Section&nbsp;2.09(a)</U>&nbsp;for
any period during which that Lender is a Defaulting Lender (and the Lead Borrower shall not be required to pay any such fee that otherwise
would have been required to have been paid to that Defaulting Lender) and (y)&nbsp;shall be limited in its rights to receive Letter of
Credit fees as provided in <U>Section&nbsp;2.03(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 0pt 1in; text-align: justify; text-indent: 0.5in">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Reallocation
of Pro Rata Share to Reduce Fronting Exposure</U>. During any period in which there is a Defaulting Lender, for purposes of computing
the amount of the obligation of each Non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit pursuant
to <U>Section&nbsp;2.03</U>, the &ldquo;Pro Rata Share&rdquo; of each Non-Defaulting Lender&rsquo;s L/C Obligations shall be computed
without giving effect to the L/C Commitment of that Defaulting Lender; <U>provided</U> that (i)&nbsp;each such reallocation shall be
given effect only if, at the date the applicable Lender becomes a Defaulting Lender, no Default or Event of Default has occurred and
is continuing, and (ii)&nbsp;the aggregate obligation of each Non-Defaulting Lender to acquire, refinance or fund participations in Letters
of Credit shall not exceed the positive difference, if any, of (1)&nbsp;the L/C Commitment of that Non-Defaulting Lender minus (2)&nbsp;the
sum of (A)&nbsp;the aggregate Outstanding Amount of the Loans of that Non-Defaulting Lender under such L/C Commitments plus (B)&nbsp;such
Non-Defaulting Lender&rsquo;s Pro Rata Share of the Outstanding Amount of L/C Obligations at such time. Subject to <U>Section&nbsp;11.19</U>,
no reallocation hereto shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from
that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender&rsquo;s
increased exposure following such reallocation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Defaulting
Lender Cure</U>. If the Lead Borrower, the Administrative Agent, and each L/C Issuer agree in writing in their sole discretion that a
Defaulting Lender should no longer be deemed to be a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon
as of the effective date specified in such notice and subject to any conditions set forth therein (which may include arrangements with
respect to any Cash Collateral, that Lender will, to the extent applicable, purchase that portion of outstanding Loans of the other Lenders
or take such other actions as the Administrative Agent may determine to be necessary to cause the funded and unfunded participants in
Letters of Credit to be held on a <U>pro rata</U> basis by the L/C Lenders in accordance with their Pro Rata Share of the L/C Commitments,
whereupon that Lender will cease to be a Defaulting Lender; <U>provided</U> that no adjustments will be made retroactively with respect
to fees accrued or payments made by or on behalf of the Lead Borrower while that Lender was a Defaulting Lender; and <U>provided</U>,
<U>further</U>, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender
to Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender&rsquo;s having been a Defaulting
Lender.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;2.20&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Borrower
Obligations Joint and Several</U></B>. (a)&nbsp; Each Borrower hereby designates and appoints the Lead Borrower as its agent, attorney-in-fact
and legal representative on its behalf for all purposes, including issuing Committed Loan Notices; giving instructions with respect to
the disbursement of the proceeds of the Loans; paying, prepaying and reducing loans, commitments, or any other amounts owing under the
Loan Documents; selecting interest rate options; giving, receiving, accepting and rejecting all other notices, consents or other communications
hereunder or under any of the other Loan Documents; and taking all other actions (including in respect of compliance with covenants)
on behalf of any Borrower or the Borrowers under the Loan Documents. The Lead Borrower hereby accepts such appointment. The Administrative
Agent and each Lender may regard any notice or other communication pursuant to any Loan Document from the Lead Borrower on behalf of
one or more Borrowers as a notice or communication from such Borrower. Each warranty, covenant, agreement and undertaking made on behalf
of the Co-Borrower by the Lead Borrower shall be deemed for all purposes to have been made by such Borrower and shall be binding upon
and enforceable against such Borrower to the same extent as if the same had been made directly by such Borrower. Any action, notice,
delivery, receipt, acceptance, approval, rejection or any other undertaking under any of the Loan Documents to be made by the Lead Borrower
in respect of the Obligations of the Co-Borrower shall be deemed, where applicable, to be made in the Lead Borrower&rsquo;s capacity
as representative and agent on behalf of each Borrower, and any such action, notice, delivery, receipt, acceptance, approval, rejection
or other undertaking shall be deemed for all purposes to have been made by such Borrower and shall be binding upon and enforceable against
such Borrower to the same extent as if the same had been made directly by such 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"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</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
Borrowers shall have joint and several liability in respect of all Obligations hereunder and under any other Loan Document to which any
Borrower is a party, without regard to any defense (other than the defense that payment in full in Same Day Funds has been made), setoff
or counterclaim which may at any time be available to or be asserted by any other Loan Party against the Lenders, or by any other circumstance
whatsoever (with or without notice to or knowledge of the Borrowers) which constitutes, or might be construed to constitute, an equitable
or legal discharge of either Borrower&rsquo;s liability hereunder, in bankruptcy or in any other instance, and the Obligations of the
Borrowers hereunder shall not be conditioned or contingent upon the pursuit by the Lenders or any other person at any time of any right
or remedy against either Borrower or against any other person which may be or become liable in respect of all or any part of the Obligations
or against any Collateral or Guarantee therefor or right of offset with respect thereto. Each Borrower hereby acknowledges that this
Agreement is the joint and several obligation of each Borrower (regardless of which Borrower shall have delivered a Request for Credit
Extension) and may be enforced against each Borrower separately, whether or not enforcement of any right or remedy hereunder has been
sought against any other Borrower. Each Borrower hereby expressly waives, with respect to any of the Loans made to any other Borrower
hereunder and any of the amounts owing hereunder by such other Loan Parties in respect of such Loans, diligence, presentment, demand
of payment, protest and all notices whatsoever, and any requirement that the Administrative Agent or any Lender exhaust any right, power
or remedy or proceed against such other Loan Parties under this Agreement or any other agreement or instrument referred to herein or
against any other person under any other guarantee of, or security for, any of such amounts owing hereunder.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Taxes,&nbsp;Increased
Costs Protection and Illegality</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;3.01&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Taxes</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: justify; text-indent: 1in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Payments
Free of Taxes</U>. Except as provided in this <U>Section&nbsp;3.01</U>, or as required by applicable Law, any and all payments made by
or on account of any Loan Party under any Loan Document shall be made free and clear of and without deduction or withholding for any
and all present or future Taxes, excluding, in the case of each Agent and each Lender, (1)&nbsp;Taxes imposed on or measured by its net
income, however denominated, franchise (and similar) Taxes imposed on it <U>in lieu</U> of net income Taxes, and branch profits Taxes,
in each case, (i)&nbsp;imposed by a jurisdiction (or by any political subdivision or taxing authority thereof) in which such Lender or
Administrative Agent is organized or the jurisdiction (or by any political subdivision or taxing authority thereof) in which such Lender&rsquo;s
or Administrative Agent&rsquo;s principal office or applicable Lending Office is located, or (ii)&nbsp;that are Other Connection Taxes,
(2)&nbsp;Taxes attributable to such Recipient&rsquo;s failure to comply with <U>Section&nbsp;3.01(d)</U>, and (3)&nbsp;any U.S. federal
withholding Taxes imposed under FATCA (all such excluded taxes being hereinafter referred to as &ldquo;<U>Excluded Taxes</U>&rdquo;,
and all non-excluded Taxes imposed on or with respect to any payment made by or on account of any obligation of any Loan Party, being
hereinafter referred to as &ldquo;<U>Indemnified Taxes</U>&rdquo;). If the Loan Party or other applicable withholding agent shall be
required by any Laws to deduct or withhold any Taxes from or in respect of any sum payable under any Loan Document to any Recipient,
(i)&nbsp;if such Taxes are Indemnified Taxes or Other Taxes, the sum payable by such Loan Party shall be increased as necessary so that
after making all required deductions or withholdings (including deductions or withholdings applicable to additional sums payable under
this <U>Section&nbsp;3.01</U>), each of such Recipient receives an amount equal to the sum it would have received had no such deductions
or withholdings been made, (ii)&nbsp;the applicable withholding agent shall make such deductions or withholdings, (iii)&nbsp;the applicable
withholding agent shall pay the full amount deducted or withheld to the relevant taxation authority or other authority in accordance
with applicable Laws, and (iv)&nbsp;within thirty (30) days after the date of such payment (or, if receipts or evidence are not available
within thirty (30) days, as soon as possible thereafter), if the Loan Party is the applicable withholding agent, such Loan Party shall
furnish to the Agent the original or a copy of a receipt evidencing payment thereof or other evidence reasonably acceptable to the 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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">In addition, each Borrower
(jointly and severally) agrees to pay any and all present and future stamp, transfer, sales and use, court or documentary taxes and any
other excise, property, intangible or mortgage recording taxes, or charges or levies of the same character, imposed by any Governmental
Authority, which arise from any payment made under any Loan Document or from the execution, delivery, performance, enforcement or registration
of, or otherwise with respect to, any Loan Document, including additions to tax, penalties and interest related thereto (all taxes described
in this paragraph of Section&nbsp;3.01(a)&nbsp;being hereinafter referred to as &ldquo;<U>Other Taxes</U>&rdquo;), save for any Luxembourg
Taxes payable (i)&nbsp;due to the registration of a Loan Document with the <I>Administration de l&rsquo;Enregistrement et des Domaines
et de la TVA</I> in Luxembourg when such registration is or was not required to maintain, preserve or enforce the rights of any Loan
Party under that Loan Document (as reasonably determined by such party) or (ii)&nbsp;in connection with any registration of a Loan Document
for the purposes of any court proceedings before a Luxembourg court or any presentation before a public authority in Luxembourg (&quot;<I>autorit&eacute;
constitu&eacute;e</I>&quot;), except in circumstances where such registration of a Loan Document is required or ordered by the relevant
Luxembourg court or public authority in connection with any proceedings or matters pending before such court or authority;.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Indemnification
by the Borrowers</U>.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each Borrower (jointly and severally) and each Guarantor agrees to indemnify each
Recipient for (i)&nbsp;the full amount of Indemnified Taxes and Other Taxes payable by such Recipient and (ii)&nbsp;any reasonable expenses
arising therefrom or with respect thereto, <U>provided</U> such Recipient, as the case may be, provides the Lead Borrower or such Guarantor
with a written statement thereof setting forth in reasonable detail the basis and calculation of such amounts.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Indemnification
by the Lenders</U>.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;To the extent required by any applicable law, the Administrative Agent may withhold
from any payment to any Lender an amount equivalent to any applicable withholding tax. Each Lender shall severally indemnify the Administrative
Agent, within ten (10)&nbsp;days after demand therefor, for (i)&nbsp;any Indemnified Taxes or Other Taxes attributable to such Lender
(but only to the extent that any Loan Party has not already indemnified the Administrative Agent for such Indemnified Taxes and without
limiting the obligation of the Loan Parties to do so), (ii)&nbsp;any Taxes attributable to such Lender&rsquo;s failure to comply with
the provisions of <U>Section&nbsp;10.07(e)</U>&nbsp;relating to the maintenance of a Participant Register and (iii)&nbsp;any Excluded
Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent in connection with any Loan Document,
and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or
asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender
by the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to set
off and apply any and all amounts at any time owing to such Lender under any Loan Document or otherwise payable by the Administrative
Agent to the Lender from any other source against any amount due to the Administrative Agent under this paragraph (c).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Tax
Administration Formalities</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 0pt 0.5in; text-align: justify; text-indent: 0.5in">A.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Recipient 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 requesting Loan Party and the Administrative Agent, at the time or times reasonably requested by the such Loan Party
or the Administrative Agent, such properly completed and executed documentation reasonably requested by such Loan Party or the Administrative
Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. Notwithstanding anything to the
contrary in the preceding sentence, the completion, execution and submission of such documentation shall not be required if in the Lender&rsquo;s
reasonable judgment such completion, execution or submission (1)&nbsp;would subject such Lender to any material unreimbursed cost or
expense (it being understood that the completion, execution and submission of any documentation no more burdensome than that required
for U.S. federal income withholding will not for purposes of this subsection (1)&nbsp;give rise to an exception from the preceding sentence
and shall not be considered material unreimbursed cost or expense) or (2)&nbsp;would materially prejudice the legal or commercial position
of such Lender (it being understood that the completion, execution and submission of the applicable IRS Form&nbsp;W-8 shall not give
rise to an exception from the preceding sentence or otherwise be considered prejudicial to the position of a Recipient); provided, however,
that in no event shall the Lenders be required to provide its tax returns or its calculations.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">B.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Recipient shall confirm whether it is entitled to receive payments under any Loan Document free from withholding under FATCA and shall
provide any documentation, forms and other information relating to its status under FATCA reasonably requested by the Loan Parties sufficient
for the Loan Parties to comply with their obligations under FATCA and to determine whether such Recipient has complied with such applicable
reporting requirements.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Each Recipient agrees that
if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect, it shall update such form
or certification, provide such successor form, or promptly notify the Lead Borrower and the Administrative Agent in writing of its legal
inability to do so.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Designation
of Different Lending Office</U>. If any Recipient requests compensation under <U>Section&nbsp;3.04</U>, or requires the Borrowers or
any Loan Party to pay any Indemnified Taxes or additional amounts to any Recipient or any Governmental Authority for the account of any
Recipient pursuant to <U>Section&nbsp;3.01</U>, then such Recipient shall (at the request of the Lead Borrower) use reasonable efforts
to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder
to another of its offices, branches or affiliates, if, in the judgment of such Recipient, such designation or assignment (i)&nbsp;would
eliminate or reduce amounts payable pursuant to <U>Section&nbsp;3.01</U> or <U>3.04</U>, as the case may be, in the future, and (ii)&nbsp;would
not subject such Recipient to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Recipient. The Lead
Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Recipient in connection with any such designation or
assignment.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Treatment
of Certain Refunds</U>.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If any Recipient determines, in its sole discretion, that it has received a
refund in respect of any Indemnified Taxes or Other Taxes as to which indemnification or additional amounts have been paid to it by any
Loan Party pursuant to this <U>Section&nbsp;3.01</U>, it shall promptly remit such refund to the Loan Party, net of all reasonable out-of-pocket
expenses of the Recipient, as the case may be and without interest (other than any interest paid by the relevant taxing authority with
respect to such refund net of any Taxes payable by any Recipient on such interest); <U>provided</U> that the Loan Parties, upon the request
of the Recipient, as the case may be, agree promptly to return such refund (<U>plus</U> any penalties, interest or other charges imposed
by the relevant taxing authority) to such party in the event such party is required to repay such refund to the relevant taxing authority.
Notwithstanding anything to the contrary in this paragraph (f), in no event will the Recipient be required to pay any amount to the Loan
Party pursuant to this paragraph (f)&nbsp;the payment of which would place the Recipient in a less favorable net after-Tax position than
the Recipient would have been in if the Taxes 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 Taxes had never been paid. This section
shall not be construed to require any Recipient to make available its tax returns (or any other information relating to Taxes that it
deems confidential) to the Borrowers 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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Survival</U>.
Each party&rsquo;s obligations under this <U>Section&nbsp;3.01</U> shall survive the resignation or replacement of the Administrative
Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction
or discharge of all obligations under any Loan Document.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;All
amounts set forth in a Loan Document to be payable by any Loan Party to a Lender or Agent 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 paragraph (j)&nbsp;below, if VAT is or becomes chargeable on any supply made by any Lender or
Agent to any Loan Party under a Loan Document and such Lender or Agent is required to account to the relevant taxing authority for the
VAT, that Loan Party shall pay to the relevant Lender or Agent (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 such Lender or Agent 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-align: justify; text-indent: 1in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If
VAT is or becomes chargeable on any supply made by any Lender or Agent (the &ldquo;<U>Supplier</U>&rdquo;) to any other Lender or Agent
(the &ldquo;<U>Recipient</U>&rdquo;) under a Loan Document, and any Loan Party other than the Recipient (the &ldquo;<U>Subject Party</U>&rdquo;)
is required by the terms of any Loan Document to pay an amount equal to the consideration for such supply to the Supplier (rather than
being required to reimburse the Recipient in respect of that consideration) (i)&nbsp;(where the Supplier is the Person required to account
to the relevant tax authority for the VAT) the Subject 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. The Recipient must (where this sub-paragraph (i)&nbsp;applies) promptly pay to the
Subject 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 (ii)&nbsp;(where the Recipient is the person required to account to the
relevant tax authority for the VAT) the Subject Party must promptly, following demand from the Recipient, pay to the Recipient an amount
equal to the VAT chargeable on that supply but only to the extent that the Recipient reasonably determines that it is not entitled to
credit or repayment from the relevant tax authority in respect of that VAT.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(j)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Where
a Loan Document requires any Loan Party to reimburse or indemnify a Lender or Agent for any cost or expense, that Loan Party shall reimburse
or indemnify (as the case may be) such Lender or Agent for the full amount of such cost or expense, including such part thereof as represents
VAT, save to the extent that such Lender or Agent 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-align: justify; text-indent: 1in">(k)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Any
reference in paragraphs 3.01(h)-(l)&nbsp;to any Party shall, at any time when such Party is treated as a member of a group or unity (or
fiscal unity) for VAT purposes, include (where appropriate and unless the context otherwise requires) a reference to the person who is
treated at that time as making the supply, or (as appropriate) receiving the supply, under the grouping rules&nbsp;(provided for in Article&nbsp;11
of Council Directive 2006/112/EC (or as implemented by the relevant member state of the European Union) or any other similar provision
in any jurisdiction which is not a member state of the European Union) so that a reference to a Party shall be construed as a reference
to that Party or the relevant group or unity (or fiscal unity) of which that Party is a member for VAT purposes at the relevant time
or the relevant representative member (or head) of that group or unity (or fiscal unity) at the relevant time (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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(l)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;In
relation to any supply made by a Party to any other Party under a Loan Document, if reasonably requested by such Party, that other Party
must promptly provide such Party with details of that other Party&rsquo;s VAT registration and such other information as is reasonably
requested in connection with such Party&rsquo;s VAT reporting requirements in relation to such supply.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(m)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Borrowers and the Term Loan Lenders an agree that the Borrowers will report the payment of interest in accordance with the tax laws of
the applicable jurisdictions in a reasonable manner and in good faith.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;3.02&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Illegality</U></B>.
If any Lender determines that any Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for
any Lender or its applicable Lending Office to make, maintain or fund Benchmark Rate Loans (whether denominated in Dollars or Euros),
then, on notice thereof by such Lender to the Lead Borrower through the Administrative Agent, any obligation of such Lender to make or
continue Benchmark Rate Loans in the affected currency or currencies shall be suspended until such Lender notifies the Administrative
Agent and the Lead Borrower that the circumstances giving rise to such determination no longer exist. Upon receipt of such notice, (x)&nbsp;the
Lead Borrower shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or (I)&nbsp;if applicable, and such
Loans are denominated in Dollars, convert all of such Lender&rsquo;s Benchmark Rate Loans to Base Rate Loans (the interest rate on which
Base Rate Loans of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference
to the Benchmark Rate component of the Base Rate) or (II)&nbsp;if applicable, and such Loans are denominated in Euros, to the extent
the Lead Borrower and all Appropriate Lenders agree, convert such Loans to Loans bearing interest at an alternative rate mutually acceptable
to the Lead Borrower and all of the Appropriate Lenders, in each case, either on the last day of the Interest Period therefor, if such
Lender may lawfully continue to maintain such Benchmark Rate Loans to such day, or immediately, if such Lender may not lawfully continue
to maintain such Benchmark Rate Loans; and (y)&nbsp;if such notice asserts the illegality of such Lender determining or charging interest
rates based upon the Benchmark Rate, the Administrative Agent shall during the period of such suspension compute the Base Rate applicable
to such Lender without reference to the Benchmark Rate component thereof until the Administrative Agent is advised in writing by such
Lender that it is no longer illegal for such Lender to determine or charge interest rates based upon the Benchmark Rate. Upon any such
prepayment or conversion, the Borrowers shall also pay accrued interest on the amount so prepaid or converted and all amounts due, if
any, in connection with such prepayment or conversion under <U>Section&nbsp;3.05</U>. Each Lender agrees to designate a different Lending
Office if such designation will avoid the need for such notice and will not, in the good faith judgment of such Lender, otherwise be
materially disadvantageous to 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;3.03&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Inability
to Determine Rates</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 0pt 0.5in; text-align: justify">Notwithstanding anything herein to
the contrary if, on or prior to the first day of any Interest Period for any SOFR 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; text-align: justify; text-indent: 1in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
Administrative Agent determines (which determination shall be conclusive and binding absent manifest error) that &ldquo;Term SOFR&rdquo;
cannot be determined pursuant to the definition thereof, or</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
applicable Required Lenders determine that for any reason in connection with any request for a SOFR Loan or a conversion thereto or
a continuation thereof that Term SOFR for any requested Interest Period with respect to a proposed SOFR Loan does not adequately and
fairly reflect the cost to such Lenders of making and maintaining such Loan, and the Required Lenders have provided notice of such
determination to the Administrative Agent, then, in each case, the Administrative Agent will promptly so notify the Lead Borrower
and each Lender.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Upon notice thereof by the Administrative Agent
to the Lead Borrower, any obligation of the applicable Lenders to make SOFR Loans, and any right of the Borrowers to continue SOFR Loans
or to convert Base Rate Loans to SOFR Loans, shall be suspended (to the extent of the affected SOFR Loans or affected Interest Periods)
until the Administrative Agent (with respect to clause (b), at the instruction of the Required Lenders) revokes such notice. Upon receipt
of such notice, (i)&nbsp;the Lead Borrower may revoke any pending request for a borrowing of, conversion to or continuation of SOFR Loans
(to the extent of the affected SOFR Loans or affected Interest Periods) or, failing that, the Lead Borrower will be deemed to have converted
any such request into a request for a Borrowing of or conversion to Base Rate Loans in the amount specified therein and (ii)&nbsp;any
outstanding affected SOFR Loans will be deemed to have been converted into Base Rate Loans at the end of the applicable Interest Period.
Upon any such conversion, the Lead Borrower shall also pay accrued interest on the amount so converted, together with any additional
amounts required pursuant to <U>Section&nbsp;3.05</U>. If the Administrative Agent determines (which determination shall be conclusive
and binding absent manifest error) that &ldquo;Term SOFR&rdquo; cannot be determined pursuant to the definition thereof on any given
day, the interest rate on Base Rate Loans shall be determined by the Administrative Agent without reference to the &ldquo;Term SOFR&rdquo;
component of the definition of &ldquo;Base Rate&rdquo; until the Administrative Agent revokes 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;3.04&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Increased
Cost and Reduced Return; Capital Adequacy; Reserves on Benchmark Rate Loans</U></B>. (a)&nbsp; If any Lender reasonably determines that
as a result of the introduction of or any change in or in the interpretation of any Law, in each case after the Closing Date, or such
Lender&rsquo;s compliance therewith, there shall be any increase in the cost to such Lender of agreeing to make or making, funding or
maintaining any Benchmark Rate Loans or (as the case may be) issuing or participating in Letters of Credit, or a reduction in the amount
received or receivable by such Lender in connection with any of the foregoing (excluding for purposes of this <U>Section&nbsp;3.04(a)</U>&nbsp;any
such increased costs or reduction in amount resulting from (1)&nbsp;Indemnified Taxes, Other Taxes or Excluded Taxes or (2)&nbsp;reserve
requirements contemplated by <U>Section&nbsp;3.04(c)</U>) and the result of any of the foregoing shall be to increase the cost to such
Lender of making or maintaining the Benchmark Rate Loan (or of maintaining its obligations to make any Loan), or to reduce the amount
of any sum received or receivable by such Lender, then from time to time within fifteen (15) days after demand by such Lender setting
forth in reasonable detail such increased costs (with a copy of such demand to the Administrative Agent given in accordance with <U>Section&nbsp;3.06</U>),
the Borrowers shall pay to such Lender such additional amounts as will compensate such Lender for such increased cost or reduction.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If
any Lender determines that the introduction of any Law regarding capital adequacy or any change therein or in the interpretation thereof,
in each case after the Closing Date, or compliance by such Lender (or its Lending Office) therewith, has the effect of reducing the rate
of return on the capital of such Lender or any corporation controlling such Lender as a consequence of such Lender&rsquo;s obligations
hereunder (taking into consideration its policies with respect to capital adequacy and such Lender&rsquo;s desired return on capital),
then from time to time upon demand of such Lender setting forth in reasonable detail the charge and the calculation of such reduced rate
of return (with a copy of such demand to the Administrative Agent given in accordance with <U>Section&nbsp;3.06</U>), the Borrowers shall
pay to such Lender such additional amounts as will compensate such Lender for such reduction within fifteen (15) days after receipt of
such demand.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Borrowers shall pay to each Lender, (i)&nbsp;as long as such Lender shall be required to maintain reserves with respect to liabilities
or assets consisting of or including Eurocurrency funds or deposits, additional interest on the unpaid principal amount of each applicable
Benchmark Rate Loan of the Borrowers equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined
by such Lender in good faith, which determination shall be conclusive in the absence of manifest error), and (ii)&nbsp;as long as such
Lender shall be required to comply with any reserve ratio requirement or analogous requirement of any other central banking or financial
regulatory authority imposed in respect of the maintenance of the Commitments or the funding of any Benchmark Rate Loans of the Borrowers
such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal
to the actual costs allocated to such Commitment or Loan by such Lender (as determined by such Lender in good faith, which determination
shall be conclusive absent manifest error) which in each case shall be due and payable on each date on which interest is payable on such
Loan, <U>provided</U> the Lead Borrower shall have received at least fifteen (15) days&rsquo; prior notice (with a copy to the Administrative
Agent) of such additional interest or cost from such Lender. If a Lender fails to give notice fifteen (15) days prior to the relevant
Interest Payment Date, such additional interest or cost shall be due and payable fifteen (15) days from receipt of such notice.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#8239;&#8239;&#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-align: justify; text-indent: 1in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Failure
or delay on the part of any Lender to demand compensation pursuant to this <U>Section&nbsp;3.04</U> shall not constitute a waiver of
such Lender&rsquo;s right to demand such compensation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If
any Lender requests compensation under this <U>Section&nbsp;3.04</U>, then such Lender will, if requested by the Lead Borrower, use reasonable
efforts to designate another Lending Office for any Loan or Letter of Credit affected by such event; <U>provided</U> that such efforts
are made on terms that, in the reasonable judgment of such Lender, cause such Lender and its Lending Office(s)&nbsp;to suffer no material
economic, legal or regulatory disadvantage, and <U>provided further</U> that nothing in this <U>Section&nbsp;3.04(f)</U>&nbsp;shall affect
or postpone any of the Obligations of the Borrowers or the rights of such Lender pursuant to <U>Section&nbsp;3.04(a)</U>, <U>(b)</U>&nbsp;or
<U>(c)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;For
purposes of this <U>Section&nbsp;3.04</U>, (i)&nbsp;the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules,
regulations, guidelines or directives thereunder or issued in connection therewith and (ii)&nbsp;all requests, rules, guidelines, requirements
and directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or
similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall, in each case, be
deemed to have gone into effect after the date hereof, regardless of the date enacted, adopted or issued.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;3.05&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>[Reserved].</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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;3.06&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Matters
Applicable to All Requests for Compensation</U></B>. (a)&nbsp; Any Agent or any Lender claiming compensation under this <U>Article&nbsp;III</U>
shall deliver a certificate to the Lead Borrower setting forth the additional amount or amounts to be paid to it hereunder which shall
be conclusive in the absence of manifest error. In determining such amount, such Agent or such Lender may use any reasonable averaging
and attribution methods.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;With
respect to any Lender&rsquo;s claim for compensation under <U>Section&nbsp;3.01</U>, <U>3.02</U>, <U>3.03</U> or <U>3.04</U>, the Lead
Borrower shall not be required to compensate such Lender for any amount incurred more than one hundred and eighty (180) days prior to
the date that such Lender notifies the Lead Borrower of the event that gives rise to such claim; <U>provided</U> that, if the circumstance
giving rise to such claim is retroactive, then such 180-day period referred to above shall be extended to include the period of retroactive
effect thereof. If any Lender requests compensation by the Borrowers under <U>Section&nbsp;3.04</U>, the Lead Borrower may, by notice
to such Lender (with a copy to the Administrative Agent), suspend the obligation of such Lender to make or continue from one Interest
Period to another applicable Benchmark Rate Loan, or, if applicable, to convert Base Rate Loans into Benchmark Rate Loans, until the
event or condition giving rise to such request ceases to be in effect (in which case the provisions of <U>Section&nbsp;3.06(c)</U>&nbsp;shall
be applicable); <U>provided</U> that such suspension shall not affect the right of such Lender to receive the compensation so requested.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If
the obligation of any Lender to make or continue any Benchmark Rate Loan, or to convert Base Rate Loans into Benchmark Rate Loans, shall
be suspended pursuant to <U>Section&nbsp;3.06(b)</U>&nbsp;hereof, such Lender&rsquo;s applicable Benchmark Rate Loans shall be automatically
converted into Base Rate Loans (or, if such conversion is not possible, repaid) on the last day(s)&nbsp;of the then current Interest
Period(s)&nbsp;for such Benchmark Rate Loans (or, in the case of any immediate conversion required by <U>Section&nbsp;3.02</U>, on such
earlier date as required by Law) and, unless and until such Lender gives notice as provided below that the circumstances specified in
<U>Section&nbsp;3.02</U>, <U>3.03</U> or <U>3.04</U> hereof that gave rise to such conversion no longer exist:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
the extent that such Lender&rsquo;s Benchmark Rate Loans have been so converted, all payments and prepayments of principal that would
otherwise be applied to such Lender&rsquo;s applicable Benchmark Rate Loans shall be applied instead to its Base Rate Loans; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;all
Loans that would otherwise be made or continued from one Interest Period to another by such Lender as Benchmark Rate Loans shall be made
or continued instead as Base Rate Loans (if possible), and all Base Rate Loans of such Lender that would otherwise be converted into
Benchmark Rate Loans shall remain as Base Rate Loans.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If
any Lender gives notice to the Lead Borrower (with a copy to the Administrative Agent) that the circumstances specified in <U>Section&nbsp;3.02</U>,
<U>3.03</U> or <U>3.04</U> hereof that gave rise to the conversion of any of such Lender&rsquo;s Benchmark Rate Loans pursuant to this
<U>Section&nbsp;3.06</U> no longer exist (which such Lender agrees to do promptly upon such circumstances ceasing to exist) at a time
when Benchmark Rate Loans made by other Lenders under the applicable Facility are outstanding, if applicable, such Lender&rsquo;s Base
Rate Loans shall be automatically converted, on the first day(s)&nbsp;of the next succeeding Interest Period(s)&nbsp;for such outstanding
Benchmark Rate Loans, to the extent necessary so that, after giving effect thereto, all Loans held by the Lenders holding Benchmark Rate
Loans under such Facility and by such Lender are held <U>pro rata</U> (as to principal amounts, interest rate basis, and Interest Periods)
in accordance with their respective Commitments for the applicable 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 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;3.07&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Replacement
of Lenders under Certain Circumstances</U></B>. (a)&nbsp; If at any time (i)&nbsp;the Borrowers become obligated to pay additional amounts
or indemnity payments described in <U>Section&nbsp;3.01</U> or <U>3.04</U> as a result of any condition described in such Sections or
any Lender ceases to make any Benchmark Rate Loans as a result of any condition described in <U>Section&nbsp;3.02</U> or <U>Section&nbsp;3.04</U>,
(ii)&nbsp;any Lender becomes a Defaulting Lender or (iii)&nbsp;any Lender becomes a Non-Consenting Lender, then the Lead Borrower may
on ten (10)&nbsp;Business Days&rsquo; prior written notice to the Administrative Agent and such Lender and, in the case of clause&nbsp;(y)&nbsp;below
only, with the prior written consent of the Required Lenders; <U>provided</U> that such consent shall not be required in the case of
the termination of Commitments of Defaulting Lenders, (x)&nbsp;replace such Lender by causing such Lender to (and such Lender shall be
obligated to) assign, at par, pursuant to <U>Section&nbsp;10.07(b)</U>&nbsp;(with the assignment fee to be paid by the Lead Borrower
in such instance) all of its rights and obligations under this Agreement (in respect of any applicable Facility only in the case of clause&nbsp;(i)&nbsp;or
with respect to a class vote, clause&nbsp;(iii)) to one or more Eligible Assignees, none of which shall constitute a Defaulting Lender;
<U>provided</U> that neither the Administrative Agent nor any Lender shall have any obligation to the Lead Borrower to find a replacement
Lender or other such Person; and <U>provided further</U> that (A)&nbsp;in the case of any such assignment resulting from a claim for
compensation under <U>Section&nbsp;3.04</U> or payments required to be made pursuant to <U>Section&nbsp;3.01</U>, such assignment will
result in a reduction in such compensation or payments and (B)&nbsp;in the case of any such assignment resulting from a Lender becoming
a Non-Consenting Lender, the applicable Eligible Assignees shall have agreed to, and shall be sufficient (together with all other consenting
Lenders) to cause the adoption of, the applicable departure, waiver or amendment of the Loan Documents; or (y)&nbsp;terminate the Commitment
of such Lender or L/C Issuer, as the case may be, and (1)&nbsp;in the case of a Lender (other than an L/C Issuer in its capacity as such),
repay all Obligations of the Lead Borrower owing to such Lender relating to the Loans and participations held by such Lender as of such
termination date and (2)&nbsp;in the case of an L/C Issuer, repay all Obligations of the Lead Borrower owing to such L/C Issuer relating
to the Letters of Credit issued by such L/C Issuer as of such termination date and cancel or backstop on terms and issued by an issuer
reasonably satisfactory to such L/C Issuer any Letters of Credit issued by it; <U>provided</U> that in the case of any such termination
of a Non-Consenting Lender such termination shall be sufficient (together with all other consenting Lenders) to cause the adoption of
the applicable departure, waiver or amendment of the Loan Documents and such termination shall be in respect of any applicable facility
only in the case of clause&nbsp;(i)&nbsp;or with respect to a class vote,, clause&nbsp;(iii).</P>

<P STYLE="font: 10pt Times New Roman, 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; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Any
Lender being replaced pursuant to <U>Section&nbsp;3.07(a)</U>&nbsp;above shall (i)&nbsp;execute and deliver an Assignment and Assumption
with respect to such Lender&rsquo;s applicable Commitment and outstanding Loans in respect thereof, and (ii)&nbsp;deliver any Notes evidencing
such Loans to the Lead Borrower or Administrative Agent. Pursuant to such Assignment and Assumption, (A)&nbsp;the assignee Lender shall
acquire all or a portion, as the case may be, of the assigning Lender&rsquo;s Commitment and outstanding Loans, (B)&nbsp;all obligations
of the Borrowers owing to the assigning Lender relating to the Loans, Commitments and participations so assigned shall be paid in full
by the assignee Lender to such assigning Lender (other than any amounts owing to the assigning Lender pursuant to <U>Section&nbsp;3.05</U>,
which shall be paid in full by the Borrower) concurrently with such Assignment and Assumption and (C)&nbsp;upon such payment and, if
so requested by the assignee Lender, delivery to the assignee Lender of the appropriate Note or Notes executed by the Borrowers, the
assignee Lender shall become a Lender hereunder and the assigning Lender shall cease to constitute a Lender hereunder with respect to
such assigned Loans, Commitments and participations, except with respect to indemnification provisions under this Agreement, which shall
survive as to such assigning Lender. In connection with any such replacement, if any such Non-Consenting Lender or Defaulting Lender
does not execute and deliver to the Administrative Agent a duly executed Assignment and Assumption reflecting such replacement within
five (5)&nbsp;Business Days of the date on which the assignee Lender executes and delivers such Assignment and Assumption to such Non-Consenting
Lender or Defaulting Lender, then such Non-Consenting Lender or Defaulting Lender shall be deemed to have executed and delivered such
Assignment and Assumption without any action on the part of the Non-Consenting Lender or Defaulting Lender.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#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-align: justify; text-indent: 1in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;In
the event that (i)&nbsp;the Lead Borrower or the Administrative Agent has requested that the Lenders consent to a departure or waiver
of any provisions of the Loan Documents or agree to any amendment thereto, (ii)&nbsp;the consent, waiver or amendment in question requires
the agreement of all affected Lenders in accordance with the terms of <U>Section&nbsp;10.01</U> or all the Lenders with respect to a
certain Class&nbsp;of the Loans and (iii)&nbsp;the Required Lenders (or, in the case of a consent, waiver or amendment involving all
affected Lenders of a certain Class, the Required Class&nbsp;Lenders) have agreed (but solely to the extent required by <U>Section&nbsp;10.01</U>)
to such consent, waiver or amendment, then any Lender who does not agree to such consent, waiver or amendment shall be deemed a &ldquo;<U>Non-Consenting
Lender</U>.&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;3.08&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Survival</U></B>.
All of obligations of the Lead Borrower and the Co-Borrower under this <U>Article&nbsp;III</U> shall survive termination of the Aggregate
Commitments and repayment of all other Obligations hereunder.</P>

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;4.01&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>First
Credit Event</U></B>. The obligation of each Lender to make Loans on the Closing Date, is subject at the time of the making of such Loans
to the satisfaction or waiver of the following conditions:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(i)</TD><TD STYLE="text-align: justify"><U>Credit Agreement</U>. This Agreement
                                            shall have been duly executed and delivered by the Borrowers and each Closing Date Guarantor.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(ii)</TD><TD STYLE="text-align: justify"><U>Security</U>. The Security Agreement
                                            shall have been duly executed and delivered by the OpCo Debtors.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(iii)</TD><TD STYLE="text-align: justify"><U>SHC DIP Credit Agreement</U>. (i)&nbsp;The
                                            SHC DIP Credit Agreement shall have been executed and delivered (or shall be executed and
                                            delivered substantially concurrently with the consummation of the Transactions contemplated
                                            to occur on the Closing Date) by the SHC DIP Loan Parties party thereto the SHC DIP Administrative
                                            Agent and the lenders party thereto, in form and substance reasonably satisfactory to the
                                            Required Lenders, (ii)&nbsp;the SHC DIP Credit Agreement shall be in full force and effect
                                            immediately after giving effect to the Transactions contemplated to occur on the Closing
                                            Date and (iii)&nbsp;no &ldquo;Default&rdquo; or &ldquo;Event of Default&rdquo; (each as defined
                                            in the SHC DIP Credit Agreement) shall have occurred and be continuing, in each case, immediately
                                            after giving effect to the Transactions contemplated to occur on the Closing Date.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(iv)</TD><TD STYLE="text-align: justify"><U>Organization Documents</U>. The Administrative
                                            Agent shall have received (i)&nbsp;a copy of the Organization Documents, including all amendments
                                            thereto, of each Borrower, certified, if applicable, as of a recent date by the Secretary
                                            of State of the state of its organization or similar Governmental Authority, and a certificate
                                            as to the good standing or comparable certificate under applicable law (where relevant) of
                                            each Borrower as of a recent date, from such Secretary of State or similar Governmental Authority,
                                            including with respect to the Lead Borrower (A)&nbsp;a certificate of non-registration of
                                            judicial decisions or of administrative dissolution without liquidation (<I>certificat de
                                            non inscription d'une d&eacute;cision judiciaire ou de dissolution administrative sans liquidation</I>)
                                            delivered by the Luxembourg Insolvency Register (<I>Reginsol, Registre de l'Insolvabilit&eacute;</I>)
                                            held and maintained by the RCS in respect of the Lead Borrower, dated no earlier than one
                                            (1)&nbsp;Business Day prior to the Closing Date, certifying that, as of the date of the day
                                            immediately preceding such certificate, that Lead Borrower has not been declared bankrupt
                                            (<I>en faillite</I>), and that it has not applied for administrative dissolution without
                                            liquidation (<I>dissolution administrative sans liquidation</I>), reprieve from payment (<I>sursis
                                            de paiement</I>), judicial or voluntary liquidation (<I>liquidation judiciaire ou volontaire</I>),
                                            such other proceedings listed at Article&nbsp;13, items 4 to 12, 16 and 17 of the Luxembourg
                                            Act dated December&nbsp;19, 2002 on the Register of Commerce and Companies, on Accounting
                                            and on Annual Accounts of the Companies (as amended from time to time), (B)&nbsp;an excerpt
                                            (<I>extrait</I>) from the RCS pertaining to the Lead Borrower, dated no earlier than one
                                            (1)&nbsp;Business Day prior to the Closing Date, and (ii)&nbsp;a certificate of the Secretary
                                            or Assistant Secretary or other Responsible Officer under applicable law of each Borrower
                                            dated the Closing Date and certifying (where relevant) (A)&nbsp;that attached thereto is
                                            a true and complete copy of the Organization Documents of such Borrower as in effect on the
                                            Closing Date, (B)&nbsp;that attached thereto is a true and complete copy of resolutions duly
                                            adopted by the board of directors or board of managers (or equivalent governing body) of
                                            such Borrower authorizing the execution, delivery and performance of the Loan Documents to
                                            which such Person is a party and the granting of Liens to secure the Loan Parties&rsquo;
                                            Obligations hereunder, and, in the case of the Borrowers, the borrowings hereunder, and that
                                            such resolutions have not been modified, rescinded or amended and are in full force and effect,
                                            (C)&nbsp;that the Organization Documents of such Borrower have not been amended since the
                                            date of the last amendment thereto shown on the certificate of good standing or comparable
                                            certificate under applicable law furnished pursuant to clause&nbsp;(i)&nbsp;above, (D)&nbsp;as
                                            to (if applicable) the incumbency and specimen signature of each Responsible Officer executing
                                            any Loan Document on behalf of such Borrower and countersigned by another officer or manager
                                            as to the incumbency and specimen signature of the Secretary or Assistant Secretary or comparable
                                            officer under applicable law executing the certificate pursuant to clause&nbsp;(ii)&nbsp;above,
                                            (E)&nbsp;if required by the articles of association or laws of the jurisdiction of its incorporation
                                            or organization of any Borrower (if applicable) or in the context of any pledge of shares
                                            granted over the shares in the capital in any Borrower, a copy of a resolution of the general
                                            meeting or a resolution in writing signed by all the holders of the issued shares (if applicable)
                                            of that company, (F)&nbsp;if applicable, a copy of a resolution signed by the supervisory
                                            board of the relevant Borrower, and (G)&nbsp;such other matters that are customarily included
                                            in a certificate of this nature in the jurisdiction of its incorporation or organization.</TD></TR></TABLE>

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(v)</TD><TD STYLE="text-align: justify"><U>Fees, Etc.</U> Subject to the terms
                                            of the applicable DIP Order, all fees, premiums, payments, reasonable costs and expenses
                                            (including, without limitation, reasonable and documented legal fees and expenses) and other
                                            compensation contemplated hereby, payable to the Agents (including pursuant to the Agent
                                            Fee Letter), the Lenders (including pursuant to <U>Section&nbsp;2.09</U>), or otherwise payable
                                            in respect of the Transactions, in each case, shall have been paid (or shall be paid substantially
                                            concurrently with the consummation of the Transactions on the Closing Date) to the extent
                                            due and payable on the Closing Date.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(vi)</TD><TD STYLE="text-align: justify"><U>USA PATRIOT Act</U>. The Administrative
                                            Agent shall have received (on or prior to the Closing Date) all documentation and other information
                                            required by regulatory authorities with respect to the Borrowers reasonably requested in
                                            writing at least five (5)&nbsp;Business Days prior to the Closing Date by the Administrative
                                            Agent under applicable &ldquo;know your customer&rdquo; and anti-money laundering rules&nbsp;and
                                            regulations, including without limitation the USA PATRIOT Act.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(vii)</TD><TD STYLE="text-align: justify"><U>Restructuring Transaction Related
                                            Deliverables</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Interim DIP Order (A)&nbsp;shall have been entered by the Bankruptcy Court in the Chapter 11 Cases not later than four (4)&nbsp;calendar
days after the Petition Date, (B)&nbsp;shall be in full force and effect, and (C)&nbsp;shall not have been vacated, reversed, stayed,
modified or amended in any respect without the prior written consent of the Required Lenders;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
SHC Interim DIP Order (A)&nbsp;shall have been entered by the Bankruptcy Court in the Chapter 11 Cases not later than four (4)&nbsp;calendar
days after the Petition Date, (B)&nbsp;shall be in full force and effect, and (C)&nbsp;shall not have been vacated, reversed, stayed
modified or amended in any respect without the prior written consent of the Required Lenders;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Loan Parties shall have delivered to the Ad Hoc Group&rsquo;s Advisors the Initial Budget, in the form of Annex I or any other form which
shall be in form and substance acceptable to the Required Lenders;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Interim DIP Order shall be effective to create, in favor of the Administrative Agent, for the benefit of the Secured Parties, a valid,
binding, enforceable, non-avoidable, and automatically and fully perfected Liens on, and security interests in, the Collateral of the
OpCo Debtors, to the extent required by the Interim DIP Order and with the priority set forth 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; text-align: justify; text-indent: 1.5in">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Administrative Agent shall have received (i)&nbsp;an acknowledgment of senior liens from the Prepetition OpCo Agent and the Prepetition
Superpriority Agent and (ii)&nbsp;an amendment to the Prepetition OpCo Credit Agreement executed by the Lenders party thereto and Prepetition
Superpriority Credit Agreement providing for the payment subordination of the Prepetition OpCo Secured Obligations to the Obligations
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; text-align: justify; text-indent: 1.5in">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Closing Date shall have occurred on or before the date that is three (3)&nbsp;Business Days after the date of the entry of the Interim
DIP Order.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;4.02&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>All
Credit Events</U></B>. The obligation of each Lender to honor any Request for Credit Extension (other than a Committed Loan Notice requesting
only a conversion of Loans to the other Type, or a continuation of Benchmark Rate Loans) is subject to the following conditions precedent:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
representations and warranties of each Loan Party set forth in <U>Article&nbsp;V</U> and in each other Loan Document shall be true and
correct in all material respects (except to the extent such representation or warranty is qualified by &ldquo;materiality&rdquo; or &ldquo;Material
Adverse Effect&rdquo;, in which case such representation or warranty shall be true and correct in all respects) on and as of the date
of such Credit Extension with the same effect as though made on and as of such date, except to the extent such representations and warranties
expressly relate to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;No
Default or Event of Default shall exist or would result from such proposed Credit Extension or from the application of the proceeds therefrom,
in each case, that has not been cured or waived.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Administrative Agent shall have received a Committed Loan Notice in respect of the requested Borrowing in accordance with the requirements
hereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Other
than with respect to the Credit Extension on the Closing Date, the Bankruptcy Court shall have entered the Final DIP Order, which shall
have been entered no later than thirty-five (35) days after the Petition Date and which shall be in full force and effect and shall not
have been reversed, vacated or stayed, and shall not have been amended, supplemented or otherwise modified without the prior written
consent of the Required Lenders;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)&#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">&nbsp;</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;The
Administrative Agent, for the benefit of the Secured Parties, shall have valid, binding, enforceable, non-avoidable, and automatically
and fully and perfected Liens on, and security interests in, the Collateral (subject to the exceptions set forth in this Agreement and
the other Loan Documents), in each case, having the priorities set forth in the DIP Orders and subject only to Prior Liens and the payment
in full in cash of any amounts due under the Carve Out; 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; text-align: justify; text-indent: 1in">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Restructuring Support Agreement is in full force and effect, and no breach, default or event of default shall have occurred and be continuing
thereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Each Request for Credit Extension (other than
a Committed Loan Notice requesting only a conversion of Loans to the other Type, or a continuation of Benchmark Rate Loans) submitted
by the Lead Borrower after the Closing Date shall be deemed to be a representation and warranty that the conditions specified in <U>Sections&nbsp;4.02(a)</U>&nbsp;and
<U>(b)</U>&nbsp;have been satisfied on and as of the date of the applicable Credit Extension.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For purposes of determining compliance with the
conditions specified in Sections 4.01 and 4.02 on the Closing Date, each Lender that has signed or authorized the signing of this Agreement
shall be deemed to have been satisfied with each document or other matter under Sections 4.01 and 4.02 that is required to be acceptable
or satisfactory to a Lender unless the Administrative Agent shall have received written notice from such Lender prior to the Closing
Date specifying its objection thereto.</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Holdings, the Borrowers and
each of the other Loan Parties party hereto represent and warrant to the Agents and the Lenders on the Closing Date that:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;5.01&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Existence</U>,
<U>Qualification and Power; Compliance with Laws</U></B>. Each OpCo Debtor is a debtor in the Chapter 11 Cases. Each Loan Party and each
Restricted Subsidiary (a)&nbsp;is a Person duly organized or formed, validly existing and in good standing under the Laws of the jurisdiction
of its incorporation or organization (to the extent such concept exists in such jurisdiction), (b)&nbsp;has all requisite power and authority
to (i)&nbsp;own or lease its assets and carry on its business as currently conducted and (ii)&nbsp;in the case of the Loan Parties, execute,
deliver and perform its obligations under the Loan Documents to which it is a party, (c)&nbsp;is duly qualified and in good standing
(to the extent such concept exists in such jurisdiction) under the Laws of each jurisdiction where its ownership, lease or operation
of properties or the conduct of its business requires such qualification, (d)&nbsp;is in compliance with all Laws, orders, writs and
injunctions and (e)&nbsp;has all requisite governmental licenses, authorizations, consents and approvals to operate its business as currently
conducted; except, in each case referred to in clause&nbsp;(a)&nbsp;(other than with respect to each Borrower), (b)(i)&nbsp;(other than
with respect to each Borrower), (c), (d)&nbsp;or (e), to the extent that failure to do so could not 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-align: justify; text-indent: 0.5in"><B>Section&nbsp;5.02&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Authorization;
No Contravention</U></B>. Subject to entry of the DIP Orders, the execution, delivery and performance by each Loan Party of each Loan
Document to which such Person is a party, and the consummation of the Transactions, are within such Loan Party&rsquo;s corporate or other
powers, (a)&nbsp;have been duly authorized by all necessary corporate or other organizational action, and (b)&nbsp;do not (i)&nbsp;contravene
the terms of any of such Person&rsquo;s Organization Documents, (ii)&nbsp;conflict with or result in any breach or contravention of,
or the creation of any Lien under (other than as permitted by <U>Section&nbsp;7.01</U>), or require any payment to be made under (x)&nbsp;any
Contractual Obligation to which such Person is a party or affecting such Person or the properties of such Person (other than the DIP
Orders, the Restructuring Support Agreement and the Chapter 11 Plan)or (y)&nbsp;any material order, injunction, writ or decree of any
Governmental Authority or any arbitral award to which such Person or its property is subject, or (iii)&nbsp;violate any material Law;
except with respect to any conflict, breach, contravention or payment (but not the creation of any Lien) referred to in clause&nbsp;(ii)(x),
to the extent that such conflict, breach, contravention or payment could not 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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;5.03&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Governmental
Authorization; Other Consents</U></B>. (a)&nbsp; Subject to entry of the DIP Orders, no material approval, consent, exemption, authorization,
or other action by, or notice to, or filing with, any Governmental Authority or any other Person is necessary or required in connection
with (a)&nbsp;the execution, delivery or performance by, or enforcement against, any Loan Party of this Agreement or any other Loan Document,
or for the consummation of the Transactions, (b)&nbsp;the grant by any Loan Party of the Liens granted by it pursuant to the Collateral
Documents, (c)&nbsp;the perfection or maintenance of the Liens created under the Collateral Documents (including the priority thereof)
or (d)&nbsp;the exercise by the Administrative Agent or any Lender of its rights under the Loan Documents or the remedies in respect
of the Collateral pursuant to the Collateral Documents, except for (i)&nbsp;filings and registrations necessary to perfect, as applicable,
the Liens or register the Collateral granted by the Loan Parties in favor of the Secured Parties, (ii)&nbsp;the approvals, consents,
exemptions, authorizations, actions, notices and filings which have been (or, within the applicable period set out in the relevant Collateral
Document, will be) duly obtained, taken, given or made and are or (within such applicable period will be) in full force and effect (except
to the extent not required to be obtained, taken, given or made or in full force and effect pursuant to the Collateral and Guarantee
Requirement) and (iii)&nbsp;those approvals, consents, exemptions, authorizations or other actions, notices or filings, the failure of
which to obtain or make could not 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-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Any
Luxembourg Loan Party has carried out its activities and will continue to carry out its activities in a manner which complies with all
relevant regulatory requirements regarding activities of the financial sector and in a manner which does not require it to be authorized
under the Luxembourg Act, dated April&nbsp;5, 1993, on the financial sector, 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;5.04&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Binding
Effect</U></B>. This Agreement and each other Loan Document has been duly executed and delivered by each Loan Party that is a party thereto.
Subject to entry of the DIP Orders, this Agreement and each other Loan Document constitute legal, valid and binding obligations of such
Loan Party, enforceable against each Loan Party that is a party thereto in accordance with its terms, except as such enforceability may
be limited by (i)&nbsp;the DIP Orders, (ii)&nbsp;the need for filings, registrations and, with respect to Collateral owned by Foreign
Loan Parties, any other perfection steps necessary to create or perfect or register the Liens on the Collateral granted by the Loan Parties
that are not SHC Debtors in favor of the Secured Parties and (iii)&nbsp;the effect of and restrictions under foreign Laws, rules&nbsp;and
regulations as they relate to pledges, if any, of Equity Interests in Foreign Loan Parties, intercompany Indebtedness owed by Foreign
Loan Parties and any Collateral of Foreign 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 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;5.05&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Financial
Statements; No Material Adverse Effect</U></B>. (a)&nbsp; The Annual Financial Statements and the Quarterly Financial Statements fairly
present in all material respects the financial condition of Trinseo PLC and its Subsidiaries as of the dates thereof and the results
of operations for the periods covered thereby in accordance with GAAP consistently applied throughout the periods covered thereby, (A)&nbsp;except
as otherwise expressly noted therein and (B)&nbsp;subject, in the case of the Quarterly Financial Statements, to changes resulting from
normal year-end adjustments and 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; text-align: justify; text-indent: 1in">(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-align: justify; text-indent: 1in">(c)&#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-align: justify; text-indent: 1in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Since
the execution of the Restructuring Support Agreement, there has been no event or circumstance, either individually or in the aggregate,
that has had or could reasonably be expected to have a Material Adverse Effect.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;5.06&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Litigation</U></B>.
Except the commencement of the Chapter 11 cases, there are no actions, suits, proceedings, claims or disputes pending or, to the knowledge
of the Lead Borrower, threatened in writing, at law, in equity, in arbitration or before any Governmental Authority, by or against any
the Lead Borrower or any of its Restricted Subsidiaries against any of their properties or revenues that either individually or in the
aggregate, could reasonably be expected to have a Material Adverse Effect.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;5.07&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Ownership
of Property; Liens</U></B>. (a)&nbsp; The Lead Borrower and each of its Restricted Subsidiaries has good record title to, or valid leasehold
interests in, or easements or other limited property interests in (in each case, to the extent applicable in the jurisdiction in which
such Real Property is located), all Real Property necessary in the ordinary conduct of its business, free and clear of all Liens except
as set forth on <U>Schedule 5.07</U> hereto and except for minor defects in title that do not materially interfere with its ability to
conduct its business or to utilize such assets for their intended purposes and Liens permitted by <U>Section&nbsp;7.01</U> and except
where the failure to have such title, interest, easement or other limited property interest could not reasonably be expected to have,
individually or in the aggregate, a Material Adverse Effect.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;5.08&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Environmental
Matters</U></B>. Except as disclosed in <U>Schedule 5.08(a)</U>&nbsp;or except as could not reasonably be expected to have, individually
or in the aggregate, a Material Adverse Effect:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(i)</TD><TD STYLE="text-align: justify">each Loan Party is in compliance with all
                                            applicable Environmental Laws, and has obtained, and is in compliance with, all Environmental
                                            Permits required of any of them under applicable Environmental Laws;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(ii)</TD><TD STYLE="text-align: justify">there are no claims, proceedings, investigations
                                            or actions by any Governmental Authority or other Person pending, or to the knowledge of
                                            the Lead Borrower, threatened in writing, under any Environmental Law or to revoke, suspend
                                            or modify any Environmental Permit held by any of the Loan Parties under applicable Environmental
                                            Laws;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(iii)</TD><TD STYLE="text-align: justify">none of the Loan Parties has agreed to
                                            assume or accept responsibility, by contract or otherwise, for any Environmental Liability
                                            of any other Person; and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(iv)</TD><TD STYLE="text-align: justify">there are no facts, circumstances or conditions
                                            relating to the past or present business or operations of any of the Loan Parties or any
                                            of their respective predecessors (including the disposal of any wastes, hazardous substances
                                            or other materials), or to any Real Property at any time owned, leased or operated by any
                                            of them, that could reasonably be expected to give rise to any Environmental Liability on
                                            the part of the Loan Parties.</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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;5.09&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Taxes</U></B>.
Subject to applicable bankruptcy law, the terms of the DIP Orders and any required approval or order by the Bankruptcy Court, except
as would not, either individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect, each of the Loan
Parties and their Subsidiaries have filed all returns, statements, forms and reports for taxes (for purposes of this Section, &ldquo;<U>Returns</U>&rdquo;)
required to be filed, and the Returns accurately reflect all liability for taxes of the Loan Parties and their Subsidiaries as a whole
for the periods covered thereby, except to the extent that such filing is stayed by the commencement of the Chapter 11 Cases. Except
as would not, either individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect, each of the Loan
Parties and their Subsidiaries have paid all taxes levied or imposed upon them or their properties that are due and payable (including
in their capacity as a withholding agent), except (i)&nbsp;to the extent that such payment is stayed by the commencement of the Chapter
11 Cases or (ii)&nbsp;those which are being contested in good faith by appropriate proceedings diligently conducted and for which adequate
reserves have been provided in accordance with GAAP if such contest shall have the effect of suspending enforcement or collection of
such taxes. There is no action, suit, proceeding, investigation, audit, or claim now pending or, to the best knowledge of the Loan Parties
or any of their Subsidiaries, threatened by any authority regarding any taxes relating to the Loan Parties or any of their Subsidiaries,
nor is there any proposed Tax deficiency or assessment known to any Loan Parties against the Loan Parties that would, if made, individually
or in the aggregate, 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"></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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;5.10&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>ERISA
Compliance</U></B>. (a)&nbsp; Except as could not, either individually or in the aggregate, reasonably be expected to result in a Material
Adverse Effect, each Pension Plan is in compliance in form and operation with its terms and with the applicable provisions of ERISA,
the Code and all other applicable Laws and regulations.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;(i)&nbsp;No
ERISA Event has occurred during the five year period prior to the date on which this representation is made or deemed made; (ii)&nbsp;no
Loan Party, Restricted Subsidiary or ERISA Affiliate has incurred, or reasonably expects to incur, any liability under Title IV of ERISA
with respect to any Pension Plan (other than premiums due and not delinquent under Section&nbsp;4007 of ERISA); (iii)&nbsp;no Loan Party,
Restricted Subsidiary or ERISA Affiliate has incurred, or reasonably expects to incur, any liability (and no event has occurred which,
with the giving of notice under Section&nbsp;4219 of ERISA, would result in such liability) under Sections 4201 or 4243 of ERISA with
respect to a Multiemployer Plan; and (iv)&nbsp;no Loan Party, Restricted Subsidiary or ERISA Affiliate has engaged in a transaction that
could reasonably be expected to be subject to Sections 4069 or 4212(c)&nbsp;of ERISA; except, with respect to each of the foregoing clauses
(i)&nbsp;through (iv)&nbsp;of this <U>Section&nbsp;5.10(b)</U>, as could not reasonably be expected, individually or in the aggregate,
to result in a Material Adverse Effect.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Except
as could not reasonably be expected to result in a Material Adverse Effect: (i)&nbsp;each Foreign Pension Plan maintained or administered
by a Loan Party or a Restricted Subsidiary has been maintained in compliance with its terms and with the requirements of any and all
applicable laws, statutes, rules, regulations and orders and has been maintained, where required, in good standing with applicable regulatory
authorities; (ii)&nbsp;all contributions required to be made by a Loan Party or a Restricted Subsidiary with respect to a Foreign Pension
Plan have been timely made and the Loan Parties and Restricted Subsidiaries have not incurred any obligation in connection with the termination
of, or withdrawal from, any Foreign Pension Plan; and (iii)&nbsp;each Foreign Pension Plan maintained or administered by the Loan Party
or a Restricted Subsidiary is funded to the extent required by Law or otherwise to comply with the requirements of any material Law applicable
in the jurisdiction in which such Foreign Pension Plan is maintained.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;5.11&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Subsidiaries;
Equity Interests</U></B>. As of the Closing Date, (a)&nbsp;the Loan Parties (other than Holdings) are direct and indirect wholly-owned
Subsidiaries of Holdings and (b)&nbsp;the Co-Borrower is a wholly-owned Subsidiary of Holdings. All of the outstanding Equity Interests
owned by the Loan Parties in such Subsidiaries have been validly issued and are fully paid and all Equity Interests owned by a Loan Party
in such Subsidiaries are owned free and clear of all Liens except (i)&nbsp;those created under the Collateral Documents and (ii)&nbsp;any
Lien that is permitted under <U>Section&nbsp;7.01</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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;5.12&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Margin
Regulations; Investment Company Act</U></B>. (a)&nbsp; No Borrower is engaged nor will it 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 proceeds of any Borrowings or drawings under any Letter of Credit will be used for any purpose that violates Regulation
U.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&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; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;None
of the Borrowers or any other Loan Party is, or is required to be, registered as an &ldquo;investment company&rdquo; under the Investment
Company Act of 1940.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;5.13&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Disclosure</U></B>.
To the best knowledge of the Lead Borrower, no report, financial statement, certificate or other written information furnished by or
on behalf of any Loan Party (other than projected financial information, <U>pro forma</U> financial information and information of a
general economic or industry nature) to any Agent or any Lender in connection with the transactions contemplated hereby and the negotiation
of this Agreement or delivered hereunder or any other Loan Document (as modified or supplemented by other information so furnished) when
taken as a whole contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein
(when taken as a whole), in the light of the circumstances under which they were made, not materially misleading. With respect to projected
financial information and <U>pro forma</U> financial information, the Lead Borrower represents that such information was prepared in
good faith based upon assumptions believed to be reasonable at the time of preparation of such materials; it being understood that such
projections 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;5.14&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Labor
Matters</U></B>. Except as, in the aggregate, could not reasonably be expected to have a Material Adverse Effect: (a)&nbsp;there are
no strikes or other labor disputes against the Lead Borrower or any of its Restricted Subsidiaries pending or, to the knowledge of such
Loan Party, threatened in writing; (b)&nbsp;hours worked by and payment made to employees of the Lead Borrower or any of its Restricted
Subsidiaries have not been in violation of the Fair Labor Standards Act or any other applicable Laws dealing with such matters; and (c)&nbsp;all
payments due from the Lead Borrower or any of its Restricted Subsidiaries on account of employee health and welfare insurance have been
paid or accrued as a liability on the books of the relevant 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-align: justify; text-indent: 0.5in"><B>Section&nbsp;5.15&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Intellectual
Property; Licenses</U>, <U>Etc.</U></B>. The Lead Borrower and its Restricted Subsidiaries own, license or possess the right to use all
of the trademarks, service marks, trade names, domain names, copyrights, patents, patent rights, technology, domain names, software,
trade secrets, know-how database rights, design rights and other intellectual property rights (collectively, &ldquo;<U>IP&nbsp;Rights</U>&rdquo;)
that are reasonably necessary for the operation of their respective businesses as currently conducted, and such IP Rights do not conflict
with the rights of any Person, except to the extent such conflicts, either individually or in the aggregate, could not reasonably be
expected to have a Material Adverse Effect. To the knowledge of the Lead Borrower, no use of IP Rights, advertising, product, process,
method, substance, part or other material used by any Loan Party or any of its Subsidiaries in the operation of their respective businesses
as currently conducted infringes upon any rights held by any Person except for such infringements, individually or in the aggregate,
which could not reasonably be expected to have a Material Adverse Effect. No claim, accused infringements or litigation regarding any
of the IP Rights is pending or, to the knowledge of the Lead Borrower, threatened in writing against any Loan Party or any of its Restricted
Subsidiaries, which, either individually or in the aggregate, 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-align: justify; text-indent: 0.5in"><B>Section&nbsp;5.16&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>[Reserved]</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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;5.17&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Subordination
of Junior Financing</U></B>. The Obligations are &ldquo;Senior Debt,&rdquo; &ldquo;Senior Indebtedness,&rdquo; &ldquo;Guarantor Senior
Debt&rdquo; or &ldquo;Senior Secured Financing&rdquo; (or any comparable term) under, and as defined in, any Junior Financing Documentation.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;5.18&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Collateral
Documents</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: justify; text-indent: 1in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Subject
to, and upon entry of, the DIP Orders, the DIP Orders and the other Collateral Documents, together with such filings and other actions
required to be taken hereby or by the applicable Collateral Documents with respect to any Loan Parties that are not SHC Debtors (and
subject to the effect of and applicable restrictions under foreign Laws, rules&nbsp;and regulations as they relate to pledges, if any,
of Equity Interests in Foreign Loan Parties, intercompany Indebtedness owed by Foreign Loan Parties and any Collateral of Foreign Loan
Parties, and subject to other perfection requirements specifically set out in the Collateral Documents), are effective to create in favor
of the Administrative Agent for the benefit of the Secured Parties, a legal, valid, enforceable, non-avoidable and automatically and
fully perfected security interest in the Collateral described therein and pledged under the Loan Documents and the DIP Orders, in each
case, to the extent required by the Loan Documents and the DIP Orders, having the priorities set forth in the DIP Orders and subject
only to the Carve-Out, Prior Liens and other exceptions set forth in the DIP Orders and the Loan Documents. Upon entry of the DIP Orders,
the Administrative Agent shall have a legal, valid, enforceable, non-avoidable and automatically and fully perfected security interest
in all right, title and interest in the Collateral of the SHC Debtors, as security for the Obligations, to the extent required by the
DIP Orders, having the priorities set forth in the DIP Orders and subject only to the Carve-Out, Prior Liens and other exceptions set
forth in the DIP Orders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</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;Pursuant
to and to the extent provided in the DIP Orders, no filing or other action will be necessary to perfect or protect such Liens and security
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; text-align: justify; text-indent: 1in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Pursuant
to and to the extent provided in the DIP Orders, the Obligations of the OpCo Debtors under this Agreement will constitute allowed superpriority
administrative expense claims in the Chapter 11 Cases under section 364(c)&nbsp;of the Bankruptcy Code, having priority over all administrative
expense claims and unsecured claims against such OpCo Debtors now existing or hereafter arising, of any kind whatsoever, including, without
limitation, all administrative expense claims of the kind specified in sections 503(b)&nbsp;and 507(b)&nbsp;of the Bankruptcy Code on
a joint and several basis and all superpriority administrative expense claims granted to any other Person, subject only to the Carve-Out
and other exceptions set forth in the DIP Orders, which claims shall have recourse to all of the OpCo Debtors&rsquo; 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 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;5.19&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Centre
of Main Interest</U></B>. For the purposes of the Insolvency Regulation, the centre of main interest (as that term is used in Article&nbsp;3(1)&nbsp;of
the Insolvency Regulation) of each Holdco, each Borrower and each of their Restricted Subsidiaries that is formed or incorporated in
a jurisdiction within the European Union is situated in the jurisdiction of its registered office and it has no &ldquo;establishment&rdquo;
(as that term is used in Article&nbsp;2(10)&nbsp;of the Insolvency Regulation) in any other jurisdiction.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;5.20&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Pensions
Act</U></B>. (a)&nbsp; Neither the Lead Borrower nor any of its Restricted Subsidiaries is or has been an employer (for the purposes
of sections 38 to 51 of the Pensions Act 2004) of an occupational pension scheme which is not a money purchase scheme (both terms as
defined in the Pension Schemes Act 1993 as amended).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Neither
the Lead Borrower nor any of its Restricted Subsidiaries is or has been &ldquo;connected&rdquo; with or an &ldquo;associate&rdquo; of
(as those terms are used in sections 39 and 43 of the Pensions Act 2004) 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;5.21&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Commercial
Benefit</U></B>. Each Loan Party acknowledges that the entry into and performance by such Loan Party of its obligations under the Loan
Documents to which it is a party is for such Loan Party&rsquo;s commercial benefit.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;5.22&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>USA
Patriot Act</U>, <U>Anti-Corruption Laws</U>, <U>Anti-Money Laundering Laws and Sanctions</U></B>&#8239;.
(a)&nbsp; To the extent applicable, each of Holdings and its Subsidiaries is in compliance, in all material respects, with (i)&nbsp;the
Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31
CFR Subtitle B, Chapter V, as amended) and any other enabling legislation or executive order relating thereto and (ii)&nbsp;the USA Patriot
Act and AML Laws.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&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; text-align: justify; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Holdings
and its Subsidiaries, their respective directors and officers, and to the knowledge of Holdings or its Subsidiaries, their respective
employees and agents, have conducted their businesses in compliance with Anti-Corruption Laws in all material respects. No part of the
proceeds of the Loans (or any Letter of Credit) will be used by Holdings or its Subsidiaries, directly or, to its knowledge, indirectly,
for any offer, payment, promise to pay, or authorization or approval of the payment or giving of money or anything else of value to any
governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting
in an official capacity, in order to obtain, retain or direct any improper business advantage, in violation in any material respect of
any Anti-Corruption 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; text-align: justify; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;(i)&nbsp;None
of Holdings or its Subsidiaries will directly or, to the knowledge of Holdings or such Subsidiary, indirectly, use the proceeds of the
Loans (or any Letters of Credit) in violation of applicable Sanctions or otherwise knowingly make available such proceeds to any Person
for the purpose of financing the activities or business of or with any Sanctioned Person, or in any Sanctioned Country, except to the
extent licensed, exempted or otherwise approved by a competent governmental body responsible for enforcing such Sanctions, (ii)&nbsp;none
of Holdings, any Subsidiary or to the knowledge of Holdings or such Subsidiary, their respective directors, officers or employees or,
to the knowledge of either Borrower, any controlled Affiliate of Holdings, either Borrower or their respective Subsidiaries that will
act in any capacity in connection with or benefit from any Facility, is a Sanctioned Person and (iii)&nbsp;none of Holdings, its Subsidiaries
or, to the knowledge of Holdings or such Subsidiary, their respective directors, officers and employees are in violation of applicable
Sanctions 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; text-align: justify; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
representations and warranties given in this <U>Section&nbsp;5.22</U> shall only be given by any Loan Party and apply to any Loan Party
to the extent that giving of and complying with such representations and warranties does not result in a violation of or conflict with
or does not expose any Loan Party to any liability under the Council Regulation (EC) 2271/96 or any similar anti-boycott laws or regulations.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;5.23&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Luxembourg
Specific Representations</U></B>. (i)&nbsp;Each Luxembourg Loan Party is in full compliance with all requirements of the Luxembourg Act
dated May&nbsp;31, 1999 on the domiciliation of companies, as amended from time to time and all related regulations and (ii)&nbsp;the
head office (<I>administration centrale</I>), the place of effective management (<I>si&egrave;ge de direction effective</I>) and (for
the purposes of the Insolvency Regulation) the center of main interests (<I>centre des int&eacute;r&ecirc;ts principaux</I>) of each
Luxembourg Loan Party in Luxembourg is located at the place of its registered office (<I>si&egrave;ge statutaire</I>) in Luxembourg.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;5.24&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Budget;
Variance Report</U></B>. The Initial Budget, each Approved Budget and each Updated Budget is based upon good faith estimates and assumptions
believed by management of the Borrowers to be reasonable at the time made, in light of the circumstances under which they were made,
it being recognized by the Administrative Agent and the Lenders that such financial information as it relates to future events is not
to be viewed as fact, such financial information as it relates to future events are subject to uncertainties and contingencies, many
of which are beyond the Borrowers&rsquo; control, no assurance can be given that such financial information as it relates to future events
will be realized and that actual results during the period or periods covered by such financial information may differ from the projected
results set forth therein and such differences may be material. From and after the delivery of any Variance Report in accordance with
this Agreement, such Variance Report shall be true, complete and correct in all material respects and fairly represent in all material
respects the results of operations of the Borrowers and their Subsidiaries for the period covered thereby and in the detail to be covered
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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;5.25&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Orders</U></B>.
Prior to the entry of the Final DIP Order, the Interim DIP Order is in full force and effect and has not been vacated, reversed or rescinded,
amended or modified without the prior written consent of the Required Lenders, and no appeal of such Interim DIP Order has been timely
filed or, if timely filed, no stay pending such appeal is currently effective. After entry of the Final DIP Order, such Final DIP Order
is in full force and effect and has not been vacated, reversed or rescinded, amended or modified without the prior written consent of
the Required Lenders, and no appeal of such Final DIP Order has been timely filed or, if timely filed, no stay pending such appeal is
currently 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;5.26&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Bankruptcy
Matters</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: justify; text-indent: 0.5in">(i)&nbsp;The Chapter 11 Cases
were validly commenced on the Petition Date, and (x)&nbsp;proper notice under the circumstances of the motion seeking approval of the
Loan Documents and entry of the DIP Orders was given, and (y)&nbsp;the hearing for the approval of the Interim DIP Order has been held
by the Bankruptcy Court.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(ii)&nbsp;After
the entry of the DIP Orders, the Obligations will constitute DIP Superpriority Claims and the liens securing the Obligations shall be
senior secured, valid, enforceable, and automatically and properly perfected priming liens on the Collateral, having the priorities set
forth in the DIP Orders, subject in all respects to the Carve-Out, Prior Liens, and other exceptions set forth in the DIP Orders, Prior
Liens and the Loan Documents.</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">So long as any Lender shall
have any Commitment hereunder, any Loan or other Obligation (other than contingent indemnification obligations as to which no claim has
been asserted) hereunder which is accrued and payable shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding
(unless the Outstanding Amount of the L/C Obligations related thereto has been Cash Collateralized or a backstop letter of credit reasonably
satisfactory to the applicable L/C Issuer is in place), then from and after the Closing Date, the Lead Borrower shall, and shall (except
in the case of the covenants set forth in <U>Sections 6.01</U>, <U>6.02</U> and <U>6.16</U>) cause each of its Restricted Subsidiaries
to:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;6.01&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Financial
Statements</U></B>. (a)&nbsp; [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-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Deliver
to the Administrative Agent for prompt further distribution to each Lender, within forty-five (45) days after the end of each fiscal
quarter of each fiscal year of Parent completed after the Closing Date, a consolidated statements of cash flows for such fiscal quarter,
certified by a Responsible Officer of Parent or a Borrower as to the best of his or her knowledge, fairly presenting in all material
respects the financial condition, results of operations, stockholders&rsquo; equity and cash flows of Parent and its Subsidiaries in
accordance with GAAP, subject only 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; text-align: justify; text-indent: 1in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Deliver
to the Administrative Agent for prompt further distribution to each Lender, within thirty (30) days after the end of each month of each
fiscal quarter of Parent completed after the Closing Date, a consolidated balance sheet of Parent and its Subsidiaries as at the end
of such month and the related consolidated statements of income or operations for such month, certified by a Responsible Officer of Parent
or a Borrower as to the best of his or her knowledge, fairly presenting in all material respects the financial condition, results of
operations, stockholders&rsquo; equity and cash flows of Parent and its Subsidiaries in accordance with GAAP, subject only 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"></P>

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<P STYLE="font: 10pt Times New Roman, 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">Notwithstanding the foregoing,
the obligations in this Section&nbsp;6.01 may be satisfied with respect to financial information of the Parent and its Subsidiaries by
furnishing the Parent&rsquo;s (or any parent&rsquo;s) Form&nbsp;10-K or 10-Q, as applicable, filed with the SEC.Documents required to
be delivered pursuant to this <U>Section&nbsp;6.01</U> and <U>Section&nbsp;6.02(b)</U>&nbsp;and <U>(c)</U>&nbsp;may be delivered electronically
and if so delivered, shall be deemed to have been delivered on the date (i)&nbsp;on which any parent (or the Lead Borrower) posts such
documents, or provides a link thereto on the website on the Internet at the website address listed on <U>Schedule 10.02</U>; or (ii)&nbsp;on
which such documents are posted on the Lead Borrower&rsquo;s behalf on IntraLinks/IntraAgency or another relevant website, if any, to
which each Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative
Agent); <U>provided</U> that: (i)&nbsp;upon written request by the Administrative Agent, the Lead Borrower shall deliver paper copies
of such documents (which may be electronic copies delivered via electronic mail) to the Administrative Agent for further distribution
to each Lender until a written request to cease delivering paper copies is given by the Administrative Agent and (ii)&nbsp;the Lead Borrower
shall notify (which may be by facsimile or electronic mail) the Administrative Agent of the posting of any such documents and provide
to the Administrative Agent by electronic mail electronic versions (<U>i.e.</U>, soft copies) of such documents. Each Lender shall be
solely responsible for timely accessing posted documents or requesting delivery of paper copies of such documents from the Administrative
Agent and maintaining its copies of such documents.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;6.02&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Certificates;
Other Information</U></B>. Deliver to the Administrative Agent for prompt further distribution to each Lender:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(i)</TD><TD STYLE="text-align: justify">[reserved];</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(ii)</TD><TD STYLE="text-align: justify">[reserved];</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(iii)</TD><TD STYLE="text-align: justify">[reserved];</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(iv)</TD><TD STYLE="text-align: justify">[reserved]; and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(v)</TD><TD STYLE="text-align: justify">promptly, such additional information regarding
                                            the business, legal, financial or corporate affairs of the Loan Parties, or compliance with
                                            the terms of the Loan Documents, as the Administrative Agent or any Lender through the Administrative
                                            Agent may from time to time reasonably request.</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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;6.03&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Notices</U></B>.
Promptly after a Responsible Officer of any Loan Party has obtained actual knowledge thereof, notify the Administrative Agent for prompt
further notification to each Lender:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(i)</TD><TD STYLE="text-align: justify">of the occurrence of any Default ;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(ii)</TD><TD STYLE="text-align: justify">of the occurrence of an ERISA Event which
                                            could reasonably be expected to result in a Material Adverse Effect; and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(iii)</TD><TD STYLE="text-align: justify">of the filing or commencement of, or
                                            any written threat or written notice of intention of any person to file or commence, any
                                            action, suit, litigation or proceeding, whether at law or in equity by or before any Governmental
                                            Authority, against the Lead Borrower or any other Loan Party that could in each case reasonably
                                            be expected to result in a Material Adverse Effect.</TD></TR></TABLE>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Each notice pursuant to this
Section&nbsp;shall be accompanied by a written statement of a Responsible Officer of the Lead Borrower (x)&nbsp;that such notice is being
delivered pursuant to <U>Section&nbsp;6.03(a)</U>, <U>(b)</U>&nbsp;or <U>(c)</U>&nbsp;(as applicable) and (y)&nbsp;setting forth details
of the occurrence referred to therein and stating what action the Lead Borrower or the respective Loan Party has taken and proposes to
take with respect thereto.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;6.04&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Payment
of Taxes</U></B>. Subject to applicable bankruptcy law, the terms of the DIP Orders and any required approval or order by the Bankruptcy
Court, pay, discharge or otherwise satisfy, as the same shall become due and payable in the normal conduct of its business, all its obligations
and liabilities in respect of taxes imposed upon it or upon its income or profits or in respect of its property, except, in each case,
to the extent (i)&nbsp;any such Tax is being contested in good faith and by appropriate proceedings for which appropriate reserves have
been established in accordance with GAAP, (ii)&nbsp;such payment is stayed by the commencement of the Chapter 11 Cases or (iii)&nbsp;or
the failure to pay or discharge would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;6.05&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Preservation
of Existence</U>, <U>Etc.</U></B> (a)&nbsp;Preserve, renew and maintain in full force and effect its legal existence under the Laws of
the jurisdiction of its organization except (x)&nbsp;in a transaction permitted by <U>Section&nbsp;7.04</U> or <U>7.05</U> and (y)&nbsp;any
Restricted Subsidiary may merge, amalgamate or consolidate with any other Restricted Subsidiary and (b)&nbsp;take all reasonable action
to maintain all rights, privileges (including its good standing where applicable in the relevant jurisdiction), permits, licenses and
franchises necessary or desirable in the normal conduct of its business, except, in the case of (a)&nbsp;(other than with respect to
either Borrower) or (b)&nbsp;to the extent that failure to do so could not reasonably be expected to have, individually or in the aggregate,
a Material Adverse Effect or pursuant to a transaction permitted by <U>Section&nbsp;7.04</U> or <U>7.05</U> or clause&nbsp;(a)&nbsp;(y)&nbsp;of
this <U>Section&nbsp;6.05</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;6.06&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Maintenance
of Properties</U></B>. Except (i)&nbsp;if the failure to do so could not reasonably be expected to have, individually or in the aggregate,
a Material Adverse Effect or (ii)&nbsp;for Dispositions permitted by <U>Section&nbsp;7.05</U> (a)&nbsp;maintain, preserve and protect
all of its material tangible properties and equipment necessary in the operation of its business in as good a working order, repair and
condition, as they were in on the date hereof, ordinary wear and tear excepted and fire, casualty or condemnation excepted, (b)&nbsp;make
all necessary renewals, replacements, modifications, improvements, upgrades, extensions and additions thereof or thereto in accordance
with prudent industry practice and in the normal conduct of its business, and (c)&nbsp;maintain or renew all of its registered or issued
intellectual 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 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;6.07&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Maintenance
of Insurance</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: justify; text-indent: 1in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Generally</U>.
Maintain, with financially sound and reputable insurance companies, insurance with respect to its properties and business against loss
or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts
(after giving effect to any self-insurance reasonable and customary for similarly situated Persons engaged in the same or similar businesses
as the Lead Borrower and the Restricted Subsidiaries) as are customarily carried under similar circumstances by such other Persons.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Requirements
of Insurance</U>. (i)&nbsp;All such insurance shall (other than for any German Loan Party) name the Collateral Agent as mortgagee (in
the case of property insurance) or additional insured on behalf of the Secured Parties (in the case of liability insurance) or loss payee
(in the case of property insurance), as applicable and (ii)&nbsp;with respect to any German insurance contract or policy of a German
Loan Party, a German Loan Party shall not agree on a cancellation, material reduction in amount or material change in coverage thereof
that is adverse to the interests of any Agent or the Lenders without providing the Administrative Agent with a written notice ten (10)&nbsp;days
prior to effecting such cancellation, material reduction on amount or material change in coverage&nbsp;setting out in detail what the
cancellation, material reduction on amount or material change in coverage will be; <U>provided</U> that if the Administrative Agent does
not notify the relevant German Loan Party within ten (10)&nbsp;days after having received such notice that it objects the action contemplated
in the notice, such German Loan Party may agree on such cancellation, material reduction or material change.</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If
the Lead Borrower or any of its Subsidiaries shall fail to maintain insurance in accordance with this <U>Section&nbsp;6.07</U>, or if
the Lead Borrower or any of its Subsidiaries shall fail to so endorse and deposit all policies or certificates with respect thereto,
the Administrative Agent shall have the right (but shall be under no obligation) to procure such insurance and the Lead Borrower and
its Subsidiaries jointly and severally agree to reimburse the Administrative Agent for all costs and expenses of procuring such insurance.
The provisions of this <U>Section&nbsp;6.07</U> shall be deemed supplemental to, but not duplicative of, the provisions of any Collateral
Documents that require the maintenance of insurance.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;6.08&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Compliance
with Laws</U></B>. Comply in all material respects with the requirements of all Laws and all orders, writs, injunctions and decrees applicable
to it or to its business or property, except, in each case, if the failure to comply therewith could not reasonably be expected to have,
individually or in the aggregate, a Material Adverse Effect.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;6.09&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Books
and Records</U></B>. Maintain proper books of record and account, in which entries that are full, true and correct in all material respects
and are in conformity with GAAP consistently applied and which reflect all material financial transactions and matters involving the
assets and business of the Lead Borrower or a Restricted Subsidiary, as the case may be (it being understood and agreed that certain
Foreign Subsidiaries maintain individual books and records in conformity with generally accepted accounting principles in their respective
countries of organization and that such maintenance shall not constitute a breach of the representations, warranties or covenants hereunder).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;6.10&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Inspection
Rights</U></B>. Permit representatives and independent contractors of the Administrative Agent and each Lender to visit and inspect any
of such Loan Party&rsquo;s or such Restricted Subsidiary&rsquo;s properties, to examine such Person&rsquo;s corporate, financial and
operating records, and make copies thereof or abstracts therefrom, and to discuss such Person&rsquo;s affairs, finances and accounts
with its directors, officers, and independent public accountants (subject to such accountants&rsquo; customary policies and procedures),
all at the reasonable expense of the Lead Borrower and at such reasonable times during normal business hours and as often as may be reasonably
desired, upon reasonable advance notice to the Lead Borrower; <U>provided</U> that only the Administrative Agent on behalf of the Lenders
may exercise rights of the Administrative Agent and the Lenders under this <U>Section&nbsp;6.10</U> and the Administrative Agent shall
not exercise such rights more often than two (2)&nbsp;times during any calendar year and only one (1)&nbsp;such time shall be at the
Lead Borrower&rsquo;s expense; <U>provided further</U> that when an Event of Default has occurred and is continuing, the Administrative
Agent (or any of its representatives or independent contractors), on behalf of itself and the Lenders, may do any of the foregoing at
the expense of the Lead Borrower at any time during normal business hours and upon reasonable advance notice. The Administrative Agent
shall give the Lead Borrower the opportunity to participate in any discussions with the Lead Borrower&rsquo;s independent public accountants.
Notwithstanding anything to the contrary in this <U>Section&nbsp;6.10</U>, none of the Lead Borrower or any of its Restricted Subsidiaries
shall be required to disclose, or permit the inspection, examination or making copies or abstracts of, or discussion of, any document,
information or other matter that (i)&nbsp;constitutes non-financial trade secrets or non-financial proprietary information, (ii)&nbsp;in
respect of which disclosure to the Administrative Agent or any Lender (or their respective representatives or contractors) is prohibited
by Law or any binding agreement or (iii)&nbsp;is subject to attorney client or similar privilege or constitutes attorney work-product.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;6.11&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Additional
Collateral; Additional Guarantors</U></B>. Subject to Section&nbsp;6.18, at the Borrowers&rsquo; expense, subject to the limitations
and exceptions of this Agreement, including, without limitation, the provisions of the Collateral and Guarantee Requirement and any applicable
limitation in any Collateral Document, take all action necessary or reasonably requested by the Administrative Agent or the Collateral
Agent to ensure that the Collateral and Guarantee Requirement continues to be satisfied, including always ensuring that the Obligations
are secured by a first-priority security interest in all 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;6.12&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Compliance
with Environmental Laws</U></B>. (a)&nbsp; Except, in each case, to the extent that the failure to do so could not reasonably be expected
to have, individually or in the aggregate, a Material Adverse Effect, comply, and take all reasonable actions to cause all lessees and
other Persons operating or occupying any of their Real Properties or facilities to comply, with all applicable Environmental Laws and
Environmental Permits; obtain and renew all Environmental Permits necessary for the ownership or operation of any of their Real Properties,
facilities or business; and, in each case to the extent required by any Environmental Law, conduct any investigation, remedial or other
corrective action to the extent required by any Environmental Law to address Hazardous Materials at any of their Real Properties or facilities,
or any other location, in accordance with such Environmental Law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;6.13&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>[Reserved]</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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;6.14&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Further
Assurances</U></B>. Promptly upon reasonable request by the Administrative Agent (a)&nbsp;correct any material defect or error that may
be discovered in the execution, acknowledgment, filing or recordation of any Collateral Document or other document or instrument relating
to any Collateral, and (b)&nbsp;do, execute, acknowledge, deliver, record, re-record, file, re-file, register and re-register any and
all such further acts, deeds, certificates, assurances and other instruments as the Administrative Agent may reasonably request from
time to time in order to carry out more effectively the purposes of the Collateral Documents, to the extent required pursuant to the
Collateral and Guarantee Requirement. If the Administrative Agent or the Collateral Agent reasonably determines that it is required by
applicable Law to have appraisals prepared in respect of the Real Property of any Loan Party subject to a mortgage constituting Collateral,
the Lead Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal
Reform Amendments of FIRREA.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;6.15&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>[Reserved]</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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;6.16&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>[Reserved]</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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;6.17&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Use
of Proceeds</U></B>. The Borrowers will use (x)&nbsp;the proceeds of the New Money Term Loans only (i)&nbsp;to make adequate protection
payments as required in the Loan Documents and the DIP Orders, (ii)&nbsp;to pay the fees, expenses, and administrative costs of the Chapter
11 Cases, (iii)&nbsp;to pay obligations arising from or related to the Carve-Out, (iv)&nbsp;to pay prepetition obligations as approved
by the Bankruptcy Court, and (v)&nbsp;for working capital and other general corporate needs and purposes of the OpCo Debtors and certain
of their Affiliates (including, for the avoidance of doubt, non-OpCo Debtors), in each case, in accordance with and subject to the Loan
Documents and the DIP Orders (including the Approved Budget, subject to the Permitted Variance); (y)&nbsp;the Roll-Up Term Loans only
to roll-up amounts outstanding under the Prepetition OpCo Secured Obligations and (z)&nbsp;use the proceeds of any Letter of Credit for
any purpose not otherwise prohibited under this Agreement, including, for general corporate purposes or working capital needs.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">No proceeds of any loan borrowed under
this Agreement will be used, whether directly or indirectly, in a manner which would constitute a harmful &ldquo;use of proceeds in Switzerland&rdquo;
as interpreted by the Swiss Federal Tax Administration for purposes of Swiss Withholding Tax, unless the Swiss Federal Tax Administration
confirms by way of a binding tax ruling satisfactory to the Administrative Agent that interest payments under this Agreement will not
be subject to Swiss Withholding Tax (irrespective of a potential use of proceeds in Switzerland).Post-Closing Actions.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;6.18&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Post-Closing
Actions</U></B>. Complete each of the actions described on <U>Schedule 6.18</U> as soon as commercially reasonable and by no later than
the date set forth in <U>Schedule 6.18</U> with respect to such action or such later date as the Administrative Agent may reasonably
agree at the direction of the Required Lenders.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;6.19&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Compliance
with Anti-Corruption Laws</U></B>. The Lead Borrower shall, and shall cause each of its Subsidiaries to: (a)&nbsp;conduct its business
in a manner expected to maintain compliance with Anti-Corruption Laws, and maintain policies and procedures designed to ensure compliance
with Anti-Corruption Laws; and (b)&nbsp;not authorize the use of the proceeds of any Borrowing, directly or, to its knowledge, indirectly,
in any manner which would violate Anti-Corruption Laws 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 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;6.20&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Liquidity</U></B>.
Not later than 5:00 p.m.&nbsp;New York City time every Thursday (commencing with Thursday of the week immediately following entry of
the Interim DIP Order) (each such Thursday, a &ldquo;<U>Liquidity Report Deadline</U>&rdquo;), deliver to the Lenders a report setting
forth Liquidity as of the last Business Day of the calendar week immediately preceding such Liquidity Report Deadline.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;6.21&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Lender
Calls</U></B>. The Loan Parties shall hold weekly conference calls and/or video calls (on a day and time as may be agreed by the Ad Hoc
Group&rsquo;s Advisors and the Company Advisors) among the Company Advisors, the Ad Hoc Group&rsquo;s Advisors, the Ad Hoc Group, which
calls may cover the Loan Parties&rsquo; financial performance, the latest Approved Budget, Variance Reports, and/or any projections and
such other information and matters reasonably related thereto; <U>provided</U> that the Loan Parties&rsquo; senior management shall,
to the extent reasonably practicable, attend such weekly conference call subject to the reasonable prior written request 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;6.22&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Budget
and Variance Reporting</U></B>(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(i)</TD><TD STYLE="text-align: justify">Not later than 5:00 p.m.&nbsp;New York
                                            City time on every other Thursday following the Closing Date (commencing with the Thursday
                                            of the second week immediately following the week in which the Petition Date occurs) (each
                                            such Thursday, the &ldquo;<U>Updated Budget Deadline</U>&rdquo;), deliver to the Ad Hoc Group&rsquo;s
                                            Advisors a supplement to the Initial Budget or most-recently delivered Updated Budget (each
                                            such supplement, an &ldquo;<U>Updated Budget</U>&rdquo;), covering the 13-week period that
                                            commences with Monday of the calendar week of the Updated Budget Deadline, consistent with
                                            the form and level of detail set forth in the Initial Budget and including a forecasted unrestricted
                                            cash balance as well as a line-item report setting forth the estimated fees and expenses
                                            to be incurred by each professional advisor on a monthly basis. Each Updated Budget shall
                                            be subject to the approval of the Required Lenders (or one of the Ad Hoc Group's Advisors
                                            on behalf of the Required Lenders) (the Initial Budget and each Updated Budget so approved,
                                            an &ldquo;<U>Approved Budget</U>&rdquo;). An Updated Budget shall be deemed approved only
                                            upon (a)&nbsp;receipt by the Loan Parties of written approval thereof by the Required Lenders
                                            (or one of the Ad Hoc Group's Advisors on behalf of the Required Lenders) (with email from
                                            the Ad Hoc Group's Advisors to the Loan Parties being sufficient) or (b)&nbsp;failure of
                                            the Required Lenders (or one of the Ad Hoc Group's Advisors on behalf of the Required Lenders)
                                            to approve or reject such Updated Budget within three (3)&nbsp;Business Days of delivery
                                            thereof (it being understood that if no such acceptance or rejection shall be delivered by
                                            11:59 p.m.&nbsp;NYC time on such third Business Day, then such Updated Budget shall be deemed
                                            approved). In the event an Updated Budget is not approved (or deemed approved) in accordance
                                            with the foregoing, the prior Approved Budget shall remain in effect. Prior to delivery of
                                            the first Updated Budget required to be delivered after the Closing Date, the Initial Budget
                                            shall constitute the Approved Budget.</TD></TR></TABLE>

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(ii)</TD><TD STYLE="text-align: justify">Not later than 5:00 p.m.&nbsp;New York
                                            City time every Thursday (commencing with Thursday of the second week immediately following
                                            the week in which the Petition Date occurs) (each such Thursday, a &ldquo;<U>Variance Report
                                            Deadline</U>&rdquo;), deliver to the Ad Hoc Group&rsquo;s Advisors a variance report (each,
                                            a &ldquo;<U>Variance Report</U>&rdquo;), in form and substance reasonably acceptable to the
                                            Required Lenders, showing the difference between total actual operating receipts and total
                                            budgeted operating receipts as set forth in the Approved Budget, as the case may be (the
                                            &ldquo;<U>Receipts Variance</U>&rdquo;) and total actual operating disbursements and total
                                            budgeted operating disbursements as set forth in the Approved Budget, as the case may be
                                            (the &ldquo;<U>Disbursements Variance</U>&rdquo;), in each case, for the Applicable Period,
                                            together with a reasonably detailed explanation of such Receipts Variance and Disbursements
                                            Variance.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(iii)</TD><TD STYLE="text-align: justify">Not later than 5:00 p.m.&nbsp;New York
                                            City time on the fifteenth (15<SUP>th</SUP>) day of each month (commencing with the first
                                            such date following the Petition Date), deliver to the Ad Hoc Group&rsquo;s Advisors a variance
                                            report (the &ldquo;<U>Professional Fee Variance Report</U>&rdquo;), in form and substance
                                            reasonably acceptable to the Required Lenders, showing the difference between the total actual
                                            professional fees and expenses and total budgeted professional fees and expenses as set forth
                                            in the Approved Budget, as the case may be (the &ldquo;<U>Professional Fee Variance</U>&rdquo;),
                                            in each case, for the period then-ended.</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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;6.23&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Milestones</U></B>.
The Loan Parties shall satisfy the requirements of each Milestone, including by the time, to the extent, and in the manner required thereby
(or as otherwise agreed to by the Required Lenders in writing (email being sufficient)).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;6.24&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Bankruptcy
Related Matters</U></B>(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
OpCo Debtors shall cause all proposed (i)&nbsp;&ldquo;first day&rdquo; orders, (ii)&nbsp;&ldquo;second day&rdquo; orders, (iii)&nbsp;orders
related to or affecting the Obligations and/or the Loan Documents, the Prepetition OpCo Secured Obligations and applicable loan documents,
any other financing or use of cash collateral, any sale or other disposition of Collateral outside the ordinary course or adequate protection,
(iv)&nbsp;orders concerning the financial condition of the OpCo Debtors, or other Indebtedness of the OpCo Debtors and (v)&nbsp;orders
establishing procedures for administration of the Chapter 11 Cases or approving significant transactions submitted to the Bankruptcy
Court, in each case, proposed by the OpCo Debtors, to be in accordance with the terms of this Agreement and the Restructuring Support
Agreement, to the extent applicable;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
OpCo Debtors shall comply in all material respects with each order entered by the Bankruptcy Court in connection with the Chapter 11
Cases Bankruptcy Order and with the terms of the Restructuring Support Agreement;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
OpCo Debtors shall deliver to the Ad Hoc Group&rsquo;s Advisors not less than two (2)&nbsp;full Business Days prior to any material filing
(or, if not reasonably practicable as a result of exigent circumstances, as soon as reasonably practicable prior to any such material
filing), copies of all proposed material pleadings, motions, applications, orders, financial information and other documents to be filed
by or on behalf of the OpCo Debtors with the Bankruptcy Court in the Chapter 11 Cases that affect or may affect any of the Secured Parties,
and shall consult in good faith with the Ad Hoc Group&rsquo;s Advisors and the Required Lenders regarding the form and substance of any
such document; <U>provided</U> that, the foregoing shall not apply to any monthly or quarterly operating reports, retention applications,
fee applications, fee statements, and any declarations in support thereof or related thereto filed in the Chapter 11 Cases.</P>

<P STYLE="font: 10pt Times New Roman, 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;&nbsp;</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;The
OpCo Debtors shall if not otherwise provided through the Bankruptcy Court&rsquo;s electronic docketing system or by Kroll Restructuring
Administration LLC, as soon as available, deliver to the Administrative Agent and to the Ad Hoc Group&rsquo;s Advisors promptly as soon
as available, copies of all material final pleadings, motions, applications, orders, financial information and other documents, in each
case, distributed by or on behalf of the Loan Parties to any official or unofficial committee appointed or appearing in the Chapter 11
Cases or any other party in interest.</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">So long as any Lender shall
have any Commitment hereunder, any Loan or other Obligation hereunder (other than contingent indemnification obligations as to which
no claim has been asserted) which is accrued and payable shall remain unpaid or unsatisfied shall remain outstanding or any Letter of
Credit shall remain outstanding (unless the Outstanding Amount of the L/C Obligations related thereto has been Cash Collateralized or
a backstop letter of credit reasonably satisfactory to the applicable L/C Issuer is in place),, then from and after the Closing 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-align: justify; text-indent: 0.5in"><B>Section&nbsp;7.01&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Liens</U></B>.
The Lead Borrower will not, and will not permit any Restricted Subsidiary to, directly or indirectly, create, incur, assume or suffer
to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than the following:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(i)</TD><TD STYLE="text-align: justify">Liens pursuant to any Loan Document;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(ii)</TD><TD STYLE="text-align: justify">Liens existing on the Closing Date and
                                            listed on <U>Schedule 7.01(b)</U>&nbsp;and any modifications, replacements, renewals, refinancings
                                            or extensions thereof; <U>provided</U> that, (i)&nbsp;the Lien does not extend to any additional
                                            property other than after-acquired property that is affixed or incorporated into the property
                                            covered by such Lien and proceeds and products thereof, and (ii)&nbsp;the replacement, renewal,
                                            refinancing or extension of the obligations secured or benefited by such Liens, to the extent
                                            constituting Indebtedness, is permitted by Section&nbsp;7.03;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(iii)</TD><TD STYLE="text-align: justify">Liens for taxes, assessments or governmental
                                            charges that are not overdue for a period of more than 30 days or that are being contested
                                            in good faith and by appropriate actions, if adequate reserves with respect thereto are maintained
                                            on the books of the applicable Person in accordance with GAAP or equivalent accounting principles
                                            in the relevant jurisdiction;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(iv)</TD><TD STYLE="text-align: justify">statutory or common law Liens of landlords,
                                            sublandlords, carriers, warehousemen, mechanics, materialmen, repairmen, construction contractors
                                            or other like Liens (and, in case of supply agreements governed by German law, also contractually
                                            agreed Liens in favor of suppliers) arising in the ordinary course of business and (x)&nbsp;which
                                            do not in the aggregate materially detract from the value of any of the Lead Borrower&rsquo;s
                                            or such Restricted Subsidiary&rsquo;s property or assets taken as a whole or materially impair
                                            the operation of the business of the Lead Borrower or such Restricted Subsidiary taken as
                                            a whole or (y)&nbsp;which are being contested in good faith by appropriate proceedings, which
                                            proceedings have the effect of preventing the forfeiture or sale of the property or assets
                                            subject to any such Lien;</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>

<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: 1in"></TD><TD STYLE="width: 0.3in">(v)</TD><TD STYLE="text-align: justify">(i)&nbsp;pledges or deposits in the ordinary
                                            course of business in connection with workers&rsquo; compensation, health, disability or
                                            employee benefits, unemployment insurance and other social security laws or similar legislation
                                            or regulation or other insurance-related obligations (including in respect of deductibles,
                                            self-insured retention amounts and premiums and adjustments thereto), (ii)&nbsp;part-time
                                            worker arrangements in accordance with the German Old-Age Employees Part&nbsp;Time Act (<I>Altersteilzeitgesetz</I>)
                                            or pursuant to section 7d of book IV of the German Social Act (<I>Sozialgesetzbuch</I>) and
                                            (iii)&nbsp;pledges and deposits in the ordinary course of business securing liability for
                                            reimbursement or indemnification obligations of (including obligations in respect of letters
                                            of credit or bank guarantees for the benefit of) insurance carriers providing property, casualty
                                            or liability insurance to the Lead Borrower or any of its Restricted Subsidiaries;</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>

<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: 1in"></TD><TD STYLE="width: 0.3in">(vi)</TD><TD STYLE="text-align: justify">deposits to secure the performance of
                                            bids, trade contracts, governmental contracts and leases (other than Indebtedness for borrowed
                                            money), statutory obligations, surety, stay, customs and appeal bonds, performance bonds
                                            and other obligations of a like nature (including those to secure health, safety and environmental
                                            obligations) incurred in the ordinary course of business;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(vii)</TD><TD STYLE="text-align: justify">(i)&nbsp;easements, rights-of-way, restrictions
                                            (including zoning restrictions), encroachments, protrusions, matters which would be disclosed
                                            by an accurate survey or inspection of any Real Property and other, similar encumbrances
                                            and minor title defects affecting Real Property that do not in the aggregate materially interfere
                                            with the ordinary conduct of the business of the Lead Borrower or any of its Restricted Subsidiaries,
                                            taken as a whole, or (ii)&nbsp;easements, rights-of-way, restrictions (including zoning restrictions)
                                            or encroachments that are reserved for the benefit of The Dow Chemical Company on any leased
                                            Real Property;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(viii)</TD><TD STYLE="text-align: justify">Liens securing Obligations under, and
                                            as defined in, the Prepetition OpCo Credit Agreement and the Prepetition Superpriority Credit
                                            Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(ix)</TD><TD STYLE="text-align: justify">Liens securing judgments for the payment
                                            of money not constituting an Event of Default under <U>Section&nbsp;8.01(h)</U>;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(x)</TD><TD STYLE="text-align: justify">leases, licenses, subleases or sublicenses
                                            granted to others in the ordinary course of business which do not (i)&nbsp;interfere in any
                                            material respect with the business of the Lead Borrower or any Restricted Subsidiary, taken
                                            as a whole or (ii)&nbsp;secure any Indebtedness;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(xi)</TD><TD STYLE="text-align: justify">Liens (i)&nbsp;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 in the ordinary course of business or (ii)&nbsp;Liens on specific
                                            items of inventory or other goods and proceeds of any Person securing such Person&rsquo;s
                                            obligations in respect of bankers&rsquo; acceptances or letters of credit issued or created
                                            for the account of such person to facilitate the purchase, shipment or storage of such inventory
                                            or other goods in the ordinary course of business;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(xii)</TD><TD STYLE="text-align: justify">Liens (i)&nbsp;of a collection bank arising
                                            under Section&nbsp;4-210 of the Uniform Commercial Code on items in the course of collection,
                                            (ii)&nbsp;attaching to commodity trading accounts or other commodities brokerage accounts
                                            and (iii)&nbsp;in favor of a banking or other financial institution arising as a matter of
                                            Law or under customary general terms and conditions encumbering deposits or other funds maintained
                                            with a financial institution (including any netting, the right of set-off and any liens arising
                                            under the general business conditions of a credit institution with which the Lead Borrower
                                            or any of its Restricted Subsidiaries maintains a banking relationship in Germany or The
                                            Netherlands) and that are within the general parameters customary in the banking industry
                                            or arising pursuant to such banking institution&rsquo;s general terms and conditions;</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"></P>

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

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

<TABLE 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: 1in"></TD><TD STYLE="width: 0.4in">(xiii)</TD><TD STYLE="text-align: justify">[reserved];</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.4in">(xiv)</TD><TD STYLE="text-align: justify">Liens attaching solely to cash earnest
                                            money deposits in connection with any letter of intent or purchase agreement permitted hereunder;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.4in">(xv)</TD><TD STYLE="text-align: justify">Liens deemed to exist in connection with
                                            Investments in repurchase agreements permitted under <U>Section&nbsp;7.06</U>;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.4in">(xvi)</TD><TD STYLE="text-align: justify">Liens encumbering reasonable customary
                                            initial deposits and margin deposits and similar Liens attaching to commodity trading accounts
                                            or other brokerage accounts incurred in the ordinary course of business and not for speculative
                                            purposes;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.4in">(xvii)</TD><TD STYLE="text-align: justify">Liens that are contractual rights of
                                            setoff or rights of pledge (i)&nbsp;relating to the establishment of depository relations
                                            with banks or other financial institutions not given in connection with the issuance of Indebtedness
                                            or (ii)&nbsp;relating to pooled deposit or sweep accounts of the Lead Borrower or any of
                                            its Restricted Subsidiaries to permit satisfaction of overdraft or similar obligations incurred
                                            in the ordinary course of business of the Lead Borrower or any of its Restricted Subsidiaries;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.4in">(xviii)</TD><TD STYLE="text-align: justify">ground leases in respect of Real Property
                                            on which facilities owned or leased by the Lead Borrower or any of its Restricted Subsidiaries
                                            are located;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.4in">(xix)</TD><TD STYLE="text-align: justify">Liens (i)&nbsp;in favor of the Lead Borrower
                                            or a Restricted Subsidiary on assets of a Restricted Subsidiary that is not a Loan Party
                                            securing Indebtedness permitted under <U>Section&nbsp;7.03(b)</U>&nbsp;and (ii)&nbsp;in favor
                                            of the Lead Borrower or any Subsidiary Guarantor;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.4in">(xx)</TD><TD STYLE="text-align: justify">any interest or title of a lessor, sublessor,
                                            licensor or sublicensor under leases, subleases, licenses or sublicenses entered into by
                                            the Lead Borrower or any of its Restricted Subsidiaries in the ordinary course of business;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.4in">(xxi)</TD><TD STYLE="text-align: justify">Liens arising out of conditional sale,
                                            title retention, consignment or similar arrangements for sale of goods entered into by the
                                            Lead Borrower or any of its Restricted Subsidiaries in the ordinary course of business permitted
                                            by this Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.4in">(xxii)</TD><TD STYLE="text-align: justify">Liens to secure Indebtedness permitted
                                            under Section&nbsp;7.03(v)&nbsp;existing as of the Closing Date; <U>provided</U> that (i)&nbsp;such
                                            Liens are created within 270 days of the acquisition, construction, repair, lease, replacement
                                            or improvement of the property subject to such Liens, (ii)&nbsp;such Liens do not at any
                                            time encumber property (except for replacements, additions and accessions to such property)
                                            other than the property financed by such Indebtedness and the proceeds and products thereof
                                            and customary security deposits and (iii)&nbsp;with respect to Capitalized Leases, such Liens
                                            do not at any time extend to or cover any assets (except for replacements, additions and
                                            accessions to such assets) other than the assets subject to such Capitalized Leases and the
                                            proceeds and products thereof and customary security deposits; <U>provided</U> that individual
                                            financings of equipment provided by one lender may be cross collateralized to other financings
                                            of equipment provided by such lender;</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;&nbsp;</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: 1in"></TD><TD STYLE="width: 0.4in">(xxiii)</TD><TD STYLE="text-align: justify">Liens on property of any Non-Loan Party,
                                            which Liens secure Indebtedness of the applicable Non-Loan Party permitted under <U>Section&nbsp;7.03</U>
                                            or other obligations of any Non-Loan Party not constituting Indebtedness;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.4in">(xxiv)</TD><TD STYLE="text-align: justify">Liens existing on property at the time
                                            of the acquisition thereof or existing on the property of any Person at the time such Person
                                            becomes a Restricted Subsidiary (other than by designation as a Restricted Subsidiary pursuant
                                            to <U>Section&nbsp;6.15</U>), in each case after the Closing Date (including Capital Leases
                                            as provided for in the last paragraph of <U>Section&nbsp;7.03</U>) (other than Liens on the
                                            Equity Interests of any Person that becomes a Restricted Subsidiary); provided that (i)&nbsp;such
                                            Lien was not created in contemplation of such acquisition or such Person becoming a Restricted
                                            Subsidiary and (ii)&nbsp;such Lien does not extend to or cover any other assets or property
                                            (other than the proceeds or products thereof and other than after-acquired property subjected
                                            to a Lien securing Indebtedness and other obligations incurred prior to such time and which
                                            Indebtedness and other obligations are permitted hereunder that require, pursuant to their
                                            terms at such time, a pledge of after-acquired property, it being understood that such requirement
                                            shall not be permitted to apply to any property to which such requirement would not have
                                            applied but for such acquisition or such Person becoming a Restricted Subsidiary);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.4in">(xxv)</TD><TD STYLE="text-align: justify">(i)&nbsp;zoning, building, entitlement
                                            and other land use regulations by Governmental Authorities with which the normal operation
                                            of the business complies, and (ii)&nbsp;any zoning or similar law or right reserved to or
                                            vested in any Governmental Authority to control or regulate the use of any real property
                                            that does not materially interfere with the ordinary conduct of the business of the Lead
                                            Borrower and its Restricted Subsidiaries, taken as a whole;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.4in">(xxvi)</TD><TD STYLE="text-align: justify">Liens arising from precautionary Uniform
                                            Commercial Code financing statement or similar filings;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.4in">(xxvii)</TD><TD STYLE="text-align: justify">Liens on insurance policies and the
                                            proceeds thereof securing the financing of the premiums with respect thereto;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.4in">(xxviii)</TD><TD STYLE="text-align: justify">cash collateral pledged to secure
                                            letters of credit incurred pursuant to Section&nbsp;7.03(xxii);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.4in">(xxix)</TD><TD STYLE="text-align: justify">Liens on Securitization Assets purported
                                            to be sold, contributed or otherwise transferred in connection with a Permitted Securitization
                                            or Liens over bank accounts of any Loan Party or any Restricted Subsidiary or any Securitization
                                            Subsidiary, so long as such bank accounts do not receive or hold funds of a Loan Party or
                                            any Restricted Subsidiary (other than Securitization Assets and proceeds thereof), in each
                                            case which may be required as part of a Permitted Securitization;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.4in">(xxx)</TD><TD STYLE="text-align: justify">Liens securing the Prepetition Senior
                                            Notes;</TD></TR></TABLE>

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

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

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

<TABLE 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: 1in"></TD><TD STYLE="width: 0.4in">(xxxi)</TD><TD STYLE="text-align: justify">the modification, replacement, renewal
                                            or extension of any Lien permitted by clauses (v)&nbsp;and (x)&nbsp;of this Section&nbsp;7.01;
                                            provided that, (i)&nbsp;the Lien does not extend to any additional property, other than (A)&nbsp;after-acquired
                                            property that is affixed or incorporated into the property covered by such Lien and (B)&nbsp;proceeds
                                            and products thereof, and (ii)&nbsp;their modification, renewal, extension or refinancing
                                            of the obligations secured or benefited by such Liens is permitted by Section&nbsp;7.03 (to
                                            the extent constituting Indebtedness) ;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</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: 1in"></TD><TD STYLE="width: 0.4in">(xxxii)</TD><TD STYLE="text-align: justify">other Liens with respect to property
                                            or assets of the Lead Borrower or any of its Restricted Subsidiaries securing obligations
                                            in an aggregate principal amount outstanding at any time not to exceed $2,500,000;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.4in">(xxxiii)</TD><TD STYLE="text-align: justify">Liens on assets of the Prepetition
                                            Super HoldCo Foreign Guarantors securing Prepetition Super HoldCo Secured Obligations; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.4in">(xxxiv)</TD><TD STYLE="text-align: justify">[reserved].</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Notwithstanding the foregoing,
neither the Lead Borrower nor any of its Restricted Subsidiaries shall grant a Lien on any Designated Real Property, other than any Lien
deemed to exist by virtue of the respective landlord&rsquo;s ownership interest in such Designated 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; text-align: justify; text-indent: 0.5in">The expansion of Liens by
virtue of accrual of interest, the accretion of accreted value, the payment of interest or dividends in the form of additional Indebtedness,
amortization of original issue discount and increases in the amount of Indebtedness outstanding solely as a result of fluctuations in
the exchange rate of currencies will not be deemed to be an incurrence of Liens for purposes of this <U>Section&nbsp;7.01</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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;7.02&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Subsidiaries</B>.
No Loan Party shall form or acquire any direct Subsidiary after the Closing Date other than in connection with the consummation of 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;7.03&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Indebtedness</U></B>.
Neither the Lead Borrower nor any of its Restricted Subsidiaries shall, directly or indirectly, create, incur, assume or suffer to exist
any Indebtedness, except:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(i)</TD><TD STYLE="text-align: justify">Indebtedness of any Loan Party under the
                                            Loan Documents;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(ii)</TD><TD STYLE="text-align: justify">Indebtedness outstanding on the Closing
                                            Date and listed on <U>Schedule&nbsp;7.03(b</U>)&nbsp;and any Permitted Refinancing thereof;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(iii)</TD><TD STYLE="text-align: justify">Guarantees by the Lead Borrower and any
                                            Restricted Subsidiary in respect of Indebtedness of the Lead Borrower or any Restricted Subsidiary
                                            otherwise permitted hereunder; <U>provided</U> that (A)&nbsp;no Guarantee of any Junior Financing
                                            shall be permitted unless such guaranteeing party shall have also provided a Guarantee of
                                            the Obligations on the terms set forth herein and (B)&nbsp;if the Indebtedness being Guaranteed
                                            is subordinated to the Obligations, such Guarantee shall be subordinated to the Guarantee
                                            of the Obligations on terms at least as favorable to the Lenders as those contained in the
                                            subordination arrangements with respect to such Indebtedness;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(iv)</TD><TD STYLE="text-align: justify">Indebtedness of the Lead Borrower or any
                                            Restricted Subsidiary owing to any Loan Party or any other Restricted Subsidiary (or issued
                                            or transferred to any direct or indirect parent of a Loan Party which is substantially contemporaneously
                                            transferred to a Loan Party or any Restricted Subsidiary of a Loan Party) to the extent constituting
                                            a Permitted Investment or an Investment permitted by <U>Section&nbsp;7.06</U>;</TD></TR></TABLE>

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

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

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

<TABLE 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: 1in"></TD><TD STYLE="width: 0.3in">(v)</TD><TD STYLE="text-align: justify">(i)&nbsp;Attributable Indebtedness and
                                            other Indebtedness (including Capitalized Leases) financing an acquisition, construction,
                                            repair, replacement, lease or improvement of a fixed or capital asset incurred by the Lead
                                            Borrower or any Restricted Subsidiary existing as of the Closing Date and (ii)&nbsp;Attributable
                                            Indebtedness arising out of sale-leaseback transactions permitted by <U>Section&nbsp;7.05
                                            and existing as of the Closing Date</U> and, in each case, any Permitted Refinancing thereof;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(vi)</TD><TD STYLE="text-align: justify">Indebtedness in respect of Swap Contracts
                                            designed to hedge against the Lead Borrower&rsquo;s or any Restricted Subsidiary&rsquo;s
                                            exposure to interest rates, foreign exchange rates or commodities pricing risks incurred
                                            in the ordinary course of business and not for speculative purposes;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(vii)</TD><TD STYLE="text-align: justify">[reserved];</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(viii)</TD><TD STYLE="text-align: justify">Indebtedness representing deferred compensation
                                            to employees of the Lead Borrower or any of its Restricted Subsidiaries incurred in the ordinary
                                            course of business or Indebtedness in relation to any part-time worker arrangements in accordance
                                            with the German Old-Age Employees Part&nbsp;Time Act (<I>Altersteilzeitgesetz) or pursuant
                                            to section&nbsp;7d of book IV of the German Social Act (Sozialgesetzbuch</I>);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(ix)</TD><TD STYLE="text-align: justify">Indebtedness to current or former officers,
                                            managers, consultants, directors and employees, their respective estates, spouses or former
                                            spouses to finance the purchase or redemption of Equity Interests of the Lead Borrower or
                                            any Parent permitted by <U>Section&nbsp;7.06</U>;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(x)</TD><TD STYLE="text-align: justify">[reserved];</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(xi)</TD><TD STYLE="text-align: justify">Cash Management Obligations and other
                                            Indebtedness in respect of netting services, overdraft protections and similar arrangements
                                            in each case in connection with deposit accounts;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(xii)</TD><TD STYLE="text-align: justify">Indebtedness consisting of (a)&nbsp;the
                                            financing of insurance premiums or (b)&nbsp;take-or-pay obligations contained in supply arrangements,
                                            in each case, in the ordinary course of business;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(xiii)</TD><TD STYLE="text-align: justify">Indebtedness incurred by the Lead Borrower
                                            or any of its Restricted Subsidiaries in the form of letters of credit, bank guarantees,
                                            bankers&rsquo; acceptances or similar instruments issued or created in the ordinary course
                                            of business, including in respect of workers compensation claims, health, disability or other
                                            employee benefits or property casualty or liability insurance or self-insurance or other
                                            Indebtedness with respect to reimbursement type obligations regarding workers compensation
                                            claims;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(xiv)</TD><TD STYLE="text-align: justify">obligations in respect of performance,
                                            bid, appeal and surety bonds and performance and completion guarantees and similar obligations
                                            provided by the Lead Borrower or any of its Restricted Subsidiaries or obligations in the
                                            form of letters of credit, bank guarantees or similar instruments related thereto, in each
                                            case in the ordinary course of business or consistent with past practice;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(xv)</TD><TD STYLE="text-align: justify">the Prepetition Senior Notes;</TD></TR></TABLE>

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

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

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

<TABLE 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: 1in"></TD><TD STYLE="width: 0.3in">(xvi)</TD><TD STYLE="text-align: justify">Indebtedness supported by a Letter of
                                            Credit in a principal amount not to exceed the face amount of such Letter of Credit;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(xvii)</TD><TD STYLE="text-align: justify">to the extent constituting Indebtedness,
                                            obligations of the Lead Borrower or any Restricted Subsidiary which is the seller, originator,
                                            servicer, investment manager, intermediate transferor or parent guarantor (or any obligation
                                            of the Lead Borrower or any Restricted Subsidiary in respect of a seller, originator, servicer,
                                            investment manager, intermediate transferor or parent guarantor) in a Permitted Securitization
                                            in respect of any Standard Securitization Undertakings as to such Permitted Securitization
                                            and Guarantees of the Lead Borrower or any other Loan Party as to such Indebtedness;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(xviii)</TD><TD STYLE="text-align: justify">Indebtedness of a Non-Loan Party existing
                                            as of the Closing Date;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(xix)</TD><TD STYLE="text-align: justify">Indebtedness which, when aggregated with
                                            the principal amount of all other Indebtedness incurred pursuant to this clause&nbsp;(xix)&nbsp;and
                                            then outstanding, does not exceed $2,500,000;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(xx)</TD><TD STYLE="text-align: justify">[reserved];</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(xxi)</TD><TD STYLE="text-align: justify">(i)&nbsp;any joint and several liability
                                            arising as a result of (the establishment of) a fiscal unity (<I>fiscale eenheid</I>) between
                                            Restricted Subsidiaries incorporated in The Netherlands; and (ii)&nbsp;a guarantee granted
                                            pursuant to a declaration of joint and several liability use for the purpose of Section&nbsp;2:403
                                            of the Dutch Civil Code (and any residual liability under such declaration arising pursuant
                                            to Section&nbsp;2:404(2)&nbsp;of the Dutch Civil Code) in respect of Restricted Subsidiaries;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.35in">(xxii)</TD><TD STYLE="text-align: justify">letters of credit in an aggregate face
                                            amount not to exceed $1,000,000;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.35in">(xxiii)</TD><TD STYLE="text-align: justify">Indebtedness of the Lead Borrower or
                                            any Restricted Subsidiary (and any Permitted Refinancing thereof) in an aggregate principal
                                            amount not to exceed the amount of the net cash proceeds received by the Lead Borrower after
                                            the Closing Date from the issuance or sale of Equity Interests of the Lead Borrower or cash
                                            contributed to the capital of the Lead Borrower (in each case, other than proceeds of Disqualified
                                            Equity Interests or sales of Equity Interests to the Lead Borrower or any of its Subsidiaries)
                                            as determined in accordance with clauses&nbsp;(b)&nbsp;and (c)&nbsp;of the definition of
                                            &ldquo;Cumulative Credit&rdquo; to the extent such net cash proceeds have not been applied
                                            to make Restricted Payments pursuant to <U>Section&nbsp;7.06 </U>or to prepay, redeem, purchase,
                                            defease or satisfy Indebtedness pursuant to <U>Section&nbsp;7.13</U>, so long as (i)&nbsp;such
                                            Indebtedness is incurred within one year following the receipt by the Lead Borrower of such
                                            net cash proceeds and (ii)&nbsp;such Indebtedness is designated as &ldquo;Contribution Indebtedness&rdquo;
                                            on the date incurred;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.35in">(xxiv)</TD><TD STYLE="text-align: justify">unsecured Indebtedness in respect of
                                            obligations of the Lead Borrower or any Restricted Subsidiary to pay the deferred purchase
                                            price of goods or services or progress payments in connection with such goods and services;
                                            <U>provided</U> that such obligations are incurred in connection with open accounts extended
                                            by suppliers on customary trade terms in the ordinary course of business and not in connection
                                            with the borrowing of money;</TD></TR></TABLE>

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

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

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

<TABLE 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: 1in"></TD><TD STYLE="width: 0.35in">(xxv)</TD><TD STYLE="text-align: justify">all Obligations under, and as defined
                                            in, the Prepetition Superpriority Credit Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.35in">(xxvi)</TD><TD STYLE="text-align: justify">Indebtedness arising out of, or in connection
                                            with, Cash Management Practices, <U>provided</U> that any such Indebtedness owed by Loan
                                            Parties to Restricted Subsidiaries that are not Loan Parties shall be subordinated to the
                                            Obligations pursuant to a subordination agreement and related documentation in form and substance
                                            reasonably satisfactory to the Required Lenders;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</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: 1in"></TD><TD STYLE="width: 0.39in">(xxvii)</TD><TD STYLE="text-align: justify">all Obligations under, and as defined
                                            in, the Prepetition OpCo Credit Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.39in">(xxviii)</TD><TD STYLE="text-align: justify">Guarantees of Prepetition Super HoldCo
                                            Secured Obligations by the Prepetition Super HoldCo Foreign Guarantors; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.39in">(xxix)</TD><TD STYLE="text-align: justify">all premiums (if any), interest (including
                                            post-petition interest), fees, expenses, charges and additional or contingent interest on
                                            obligations described in clauses&nbsp;(a)&nbsp;through (bb) above.</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 0pt 0.5in; text-align: justify">For purposes of determining compliance
with <U>Section&nbsp;7.03</U>, in the event that an item of Indebtedness (or any portion thereof) at any time, whether at the time of
incurrence or upon the application of all or a portion of the proceeds thereof or subsequently, meets the criteria of more than one of
the categories of permitted Indebtedness described in <U>Section&nbsp;7.03(i)</U>&nbsp;through <U>(xxv)</U>&nbsp;above, the Lead Borrower,
in its sole discretion, will classify and may subsequently reclassify such item of Indebtedness (or any portion thereof) in any one or
more of the types of Indebtedness described in <U>Section&nbsp;7.03(i)</U>&nbsp;through <U>(xxv)</U>&nbsp;and will only be required to
include the amount and type of such Indebtedness in such of the above clauses as determined by the Lead Borrower at such time. The Lead
Borrower will be entitled to divide and classify an item of Indebtedness in more than one of the types of Indebtedness described in <U>Section&nbsp;7.03(i)</U>&nbsp;through
<U>(xxv)</U>&nbsp;so long as such Indebtedness (or any portion thereof) is permitted to be incurred pursuant to such provision at the
time of reclassification. Notwithstanding the foregoing,&nbsp;Indebtedness incurred (a)&nbsp;under the Loan Documents shall only be classified
as incurred under Section&nbsp;7.03(a)&nbsp;and (b)&nbsp;under the Prepetition Senior Notes thereof shall only be classified as incurred
under <U>Section&nbsp;7.03(xv)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For purposes of determining
compliance with any Dollar-denominated restriction on the incurrence of Indebtedness, the Dollar-equivalent principal amount of Indebtedness
denominated in a foreign currency shall be calculated based on the relevant currency exchange rate in effect on the date such Indebtedness
was incurred, in the case of term debt, or first committed, in the case of revolving credit debt; <U>provided</U> that if such Indebtedness
is incurred to extend, replace, refund, refinance, renew or defease other Indebtedness denominated in a foreign currency, and such extension,
replacement, refunding, refinancing, renewal or defeasance would cause the applicable Dollar-denominated restriction to be exceeded if
calculated at the relevant currency exchange rate in effect on the date of such extension, replacement, refunding, refinancing, renewal
or defeasance, such Dollar-denominated restriction shall be deemed not to have been exceeded so long as the principal amount of such
refinancing Indebtedness does not exceed the principal amount of such Indebtedness being extended, replaced, refunded, refinanced, renewed
or defeased, <U>plus</U> the aggregate amount of fees, underwriting discounts, premiums (including tender premiums) and other costs and
expenses (including OID) incurred in connection with such refinancing.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The accrual of interest,
the accretion of accreted value and the payment of interest in the form of additional Indebtedness shall not be deemed to be an incurrence
of Indebtedness for purposes of this <U>Section&nbsp;7.03</U>. The principal amount of any non-interest bearing Indebtedness or other
discount security constituting Indebtedness at any date shall be the principal amount thereof that would be shown on a balance sheet
of the Lead Borrower dated such date prepared 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;7.04&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Fundamental
Changes</U></B>. Neither the Lead Borrower nor any of its Restricted Subsidiaries shall merge, amalgamate, dissolve, liquidate, consolidate
with or into another Person, or Dispose of (whether in one transaction or in a series of transactions) all or substantially all of its
assets (whether now owned or hereafter acquired) to or in favor of any Person, except that:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(i)</TD><TD STYLE="text-align: justify">any Restricted Subsidiary of the Lead Borrower
                                            (other than the Co-Borrower) may merge, amalgamate or consolidate with (i)&nbsp;the Lead
                                            Borrower (including a merger, the purpose of which is to reorganize the Lead Borrower into
                                            a new jurisdiction); <U>provided</U> that the Lead Borrower shall be the continuing or surviving
                                            Person; or (ii)&nbsp;one or more other Restricted Subsidiaries of the Lead Borrower (other
                                            than the Co-Borrower);</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(ii)</TD><TD STYLE="text-align: justify">[reserved];</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(iii)</TD><TD STYLE="text-align: justify">[reserved];</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(iv)</TD><TD STYLE="text-align: justify">[reserved];</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(v)</TD><TD STYLE="text-align: justify">[reserved];</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(vi)</TD><TD STYLE="text-align: justify">the Lead Borrower and the Restricted Subsidiaries
                                            may consummate the Transactions;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(vii)</TD><TD STYLE="text-align: justify">any Restricted Subsidiary and the Co-Borrower
                                            may effect a merger, amalgamation, dissolution, liquidation, consolidation or Disposition,
                                            the purpose of which is to effect a Disposition permitted pursuant to <U>Section&nbsp;7.05</U>,
                                            <U>Section&nbsp;7.06</U> or any Permitted Investments;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.27in">(viii)</TD><TD STYLE="text-align: justify">[reserved]; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.27in">(ix)</TD><TD STYLE="text-align: justify">[reserved].</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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;7.05&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Dispositions</U></B>.
Neither the Lead Borrower nor any of its Restricted Subsidiaries shall, directly or indirectly, make any Disposition or enter into any
agreement to make any Disposition, except:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(i)</TD><TD STYLE="text-align: justify">(x)&nbsp;Dispositions of obsolete, worn
                                            out, used or surplus property, whether now owned or hereafter acquired, in the ordinary course
                                            of business and Dispositions of property no longer used or useful in the conduct of the business
                                            of the Borrowers or any of their Restricted Subsidiaries and (y)&nbsp;Dispositions to landlords
                                            of improvements made to leased real property pursuant to customary terms of leases entered
                                            into in the ordinary course of business;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(ii)</TD><TD STYLE="text-align: justify">Dispositions of inventory, goods held
                                            for sale in the ordinary course of business and immaterial assets in the ordinary course
                                            of business (including allowing any issuances, registrations or any applications for registration
                                            of any intellectual property to lapse or become abandoned in the ordinary course of business);</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(iii)</TD><TD STYLE="text-align: justify">Dispositions of property to the extent
                                            that (i)&nbsp;such property is exchanged for credit against the purchase price of similar
                                            replacement property or (ii)&nbsp;the proceeds of such Disposition are promptly applied to
                                            the purchase price of such replacement property;</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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    <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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(iv)</TD><TD STYLE="text-align: justify">Dispositions of property to the Lead Borrower
                                            or any Restricted Subsidiary; <U>provided</U> that if the transferor of such property is
                                            a Loan Party (i)&nbsp;the transferee thereof must be a Loan Party or (ii)&nbsp;if such transaction
                                            constitutes an Investment, such Investment must be a Restricted Investment permitted by <U>Section&nbsp;7.06</U>
                                            or a Permitted Investment;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(v)</TD><TD STYLE="text-align: justify">Dispositions that are permitted by <U>Section&nbsp;7.04</U>
                                            (or otherwise constitute a Restricted Payment permitted by <U>Section&nbsp;7.06</U> or a
                                            Permitted Investment (other than a Permitted Investment pursuant to clause&nbsp;(d)&nbsp;or
                                            (y)&nbsp;of the definition thereof) and Liens permitted by <U>Section&nbsp;7.01</U> (other
                                            than <U>Section&nbsp;7.01(m)</U>);</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(vi)</TD><TD STYLE="text-align: justify">Dispositions of cash and Cash Equivalents;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(vii)</TD><TD STYLE="text-align: justify">(i)&nbsp;leases, subleases, licenses
                                            or sublicenses (including the provision of software or the licensing of other intellectual
                                            property rights) and termination thereof, in each case in the ordinary course of business
                                            and which do not materially interfere with the business of the Borrowers and the Restricted
                                            Subsidiaries taken as a whole, (ii)&nbsp;the Aristech and Altuglas License Agreements and
                                            (iii)&nbsp;Dispositions of intellectual property that are not material to the business of
                                            the Borrowers and the Restricted Subsidiaries;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(viii)</TD><TD STYLE="text-align: justify">transfers of property subject to Casualty
                                            Events;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(ix)</TD><TD STYLE="text-align: justify">Dispositions or discounts without recourse
                                            of accounts receivable in connection with the compromise or collection thereof in the ordinary
                                            course of business;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(x)</TD><TD STYLE="text-align: justify">Lead Borrower and the Restricted Subsidiaries
                                            may consummate the Transactions;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(xi)</TD><TD STYLE="text-align: justify">[reserved];</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(xii)</TD><TD STYLE="text-align: justify">so long as the Lead Borrower or a Restricted
                                            Subsidiary receives at least fair market value therefor (taking into account any Securitization
                                            Seller&rsquo;s Retained Interest), any sale, contribution or other transfer of Securitization
                                            Assets in connection with a Permitted Securitization;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(xiii)</TD><TD STYLE="text-align: justify">Dispositions which may not be prohibited
                                            pursuant to section 1136 of the German Civil Code;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(xiv)</TD><TD STYLE="text-align: justify">[reserved];</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(xv)</TD><TD STYLE="text-align: justify">any swap of assets in exchange for services
                                            or other assets in the ordinary course of business of comparable or greater value or usefulness
                                            to the business of the Lead Borrower and its Subsidiaries as a whole, as determined in good
                                            faith by the management of the Lead Borrower;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(xvi)</TD><TD STYLE="text-align: justify">[reserved];</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(xvii)</TD><TD STYLE="text-align: justify">the Lead Borrower and the Restricted
                                            Subsidiaries may enter into any agreement to make any Disposition so long as consummation
                                            of the Disposition contemplated by such agreement is contingent upon either (i)&nbsp;the
                                            Required Lenders consenting to such transactions or (ii)&nbsp;the repayment in full of the
                                            Obligations (other than indemnities and other contingent liabilities that survive repayment
                                            of the Loans);</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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    <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>

<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: 1in"></TD><TD STYLE="width: 0.3in">(xviii)</TD><TD STYLE="text-align: justify">the unwinding of any Swap Contracts
                                            pursuant to its terms;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(xix)</TD><TD STYLE="text-align: justify">the dissolution or liquidation of any
                                            Subsidiary with no assets;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(xx)</TD><TD STYLE="text-align: justify">[reserved];</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(xxi)</TD><TD STYLE="text-align: justify">Dispositions in the aggregate pursuant
                                            to this clause (xxi)&nbsp;not to exceed $2,500,000, as determined at the time of such Disposition;
                                            and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(xxii)</TD><TD STYLE="text-align: justify">[reserved];</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>provided</U> that any Disposition of any property
pursuant to <U>Section&nbsp;7.05(x)</U>, (xiv)&nbsp;or <U>(xxi)</U>&nbsp;shall be for no less than the fair market value of such property
at the time of such Disposition. To the extent any Collateral is Disposed of as expressly permitted by this <U>Section&nbsp;7.05</U>
to any Person other than a Loan Party, such Collateral shall be sold free and clear of the Liens created by the Loan Documents, and the
Administrative Agent or the Collateral Agent, as applicable, shall be authorized to take any actions deemed appropriate in order to effect
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-align: justify; text-indent: 0.5in"><B>Section&nbsp;7.06&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Restricted
Payments</U></B>. The Lead Borrower will not, and will not permit any of its Restricted Subsidiaries
to ,declare or make, directly or indirectly, any Restricted Payment, other than:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Restricted Subsidiary may make Restricted Payments to the Lead Borrower, and other Restricted Subsidiaries of the Lead Borrower (and,
in the case of a Restricted Payment by a non-wholly owned Restricted Subsidiary, to the Lead Borrower and any other Restricted Subsidiary
and to each other owner of Equity Interests of such Restricted Subsidiary based on their relative ownership interests of the relevant
class of Equity Interests); and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;for
any taxable period for which any Borrower or any Subsidiary of any Borrower is treated as an entity disregarded as separate from its
regarded owner for U.S. federal and/or applicable state or local income tax purposes, the Borrowers and the Borrowers&rsquo; Subsidiaries
may make distributions, directly or indirectly, to such regarded owner, as applicable, to permit it to pay any income Taxes attributable
to the income of such Borrower or Subsidiary; provided that the amount of distributions permitted to be made under this clause (a)&nbsp;for
any taxable period shall not exceed the amount of such Taxes that would have been due and payable by the Borrowers and/or the applicable
Subsidiaries had the Borrowers and/or such Subsidiaries been a stand-alone corporate taxpayer or tax group, as applicable; and provided
further that the amount of distributions permitted to be made under this clause (a)&nbsp;for any taxable period attributable to the income
of a Subsidiary that is not a Loan Party shall be limited to the amount of cash distributions or payments made by such Subsidiary to
the applicable regarded owner for such 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;7.07&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Change
in Nature of Business</U></B>. The Lead Borrower shall not, nor shall the Lead Borrower permit any of the Restricted Subsidiaries to,
directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by the
Lead Borrower and its Restricted Subsidiaries on the Closing Date or any business reasonably related, complementary, synergistic or ancillary
thereto (including related, complementary, synergistic or ancillary technologies) or reasonable extensions 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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    <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-align: justify; text-indent: 0.5in"><B>Section&nbsp;7.08&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Transactions
with Affiliates</U></B>. Neither the Lead Borrower shall, nor shall the Lead Borrower permit any of its Restricted Subsidiaries to, directly
or indirectly, enter into any transaction of any kind with any Affiliate of the Lead Borrower involving aggregate payments or consideration
in excess of $5,000,000 for any individual transaction or series of related transactions, whether or not in the ordinary course of business,
other than:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(i)</TD><TD STYLE="text-align: justify">transactions among any Holdco, the Lead
                                            Borrower and its Restricted Subsidiaries or any entity that becomes a Restricted Subsidiary
                                            as a result of such transactions that are not otherwise prohibited under this Agreement;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(ii)</TD><TD STYLE="text-align: justify">on terms substantially as favorable to
                                            the Lead Borrower or such Restricted Subsidiary as would be obtainable by the Lead Borrower
                                            or such Restricted Subsidiary at the time in a comparable arm&rsquo;s-length transaction
                                            with a Person other than an Affiliate;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(iii)</TD><TD STYLE="text-align: justify">the Transactions and the payment of fees
                                            and expenses (including Transaction Expenses) as part of or in connection with the Transactions;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(iv)</TD><TD STYLE="text-align: justify">Restricted Payments permitted under <U>Section&nbsp;7.06</U>
                                            and Permitted Investments other than Permitted Investments under clauses&nbsp;(a)(ii), (b)&nbsp;and
                                            (u)&nbsp;of the definition thereof;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(v)</TD><TD STYLE="text-align: justify">loans and other transactions by the Lead
                                            Borrower and its Restricted Subsidiaries to the extent expressly permitted under this <U>Article&nbsp;VII</U>;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(vi)</TD><TD STYLE="text-align: justify">employment, consulting, and severance
                                            and other service or benefit-related arrangements between the Lead Borrower and its Restricted
                                            Subsidiaries and their respective officers and employees in the ordinary course of business
                                            and transactions pursuant to stock option plans and other equity award and employee benefit
                                            plans and arrangements in the ordinary course of business;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(vii)</TD><TD STYLE="text-align: justify">the payment of customary fees and reasonable
                                            out-of-pocket costs to, and indemnities provided on behalf of, directors, officers, employees
                                            and consultants of the Lead Borrower and its Restricted Subsidiaries (or any Parent) in the
                                            ordinary course of business;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(viii)</TD><TD STYLE="text-align: justify">transactions pursuant to agreements
                                            in existence on the Closing Date and set forth on <U>Schedule 7.08</U> (to the extent not
                                            otherwise permitted by this Agreement) or any amendment thereto to the extent such an amendment
                                            is not adverse to the Lenders in any material respect;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(ix)</TD><TD STYLE="text-align: justify">[reserved];</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(x)</TD><TD STYLE="text-align: justify">transactions related to Permitted Securitizations;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(xi)</TD><TD STYLE="text-align: justify">transactions related to Cash Management
                                            Practices;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(xii)</TD><TD STYLE="text-align: justify">any transaction with any Holdco, a Restricted
                                            Subsidiary or joint venture partners, in each case in compliance with the terms of this Agreement
                                            that are on terms at least as favorable as might reasonably have been obtained at such time
                                            in an arm&rsquo;s length transaction from an unaffiliated party in the reasonable determination
                                            of the board of directors of the Lead Borrower;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(xiii)</TD><TD STYLE="text-align: justify">transactions with customers, clients,
                                            joint venture partners, suppliers or purchasers or sellers of goods or services, in each
                                            case in the ordinary course of business and otherwise in compliance with the terms of this
                                            Agreement that are fair to the Lead Borrower and the Restricted Subsidiaries, in the reasonable
                                            determination of the board of directors or the senior management of the Lead Borrower, or
                                            are on terms at least as favorable as might reasonably have been obtained at such time from
                                            an unaffiliated party;</TD></TR></TABLE>

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

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

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

<TABLE 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: 1in"></TD><TD STYLE="width: 0.3in">(xiv)</TD><TD STYLE="text-align: justify">transactions among Aristech and/or Altuglas,
                                            on the one hand, and Holdco, the Lead Borrower and its Restricted Subsidiaries, on the other
                                            hand, in the ordinary course of business; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(xv)</TD><TD STYLE="text-align: justify">transactions in which the Lead Borrower
                                            or any of the Restricted Subsidiaries, as the case may be, deliver to the Administrative
                                            Agent a letter from an Independent Financial Advisor stating that such transaction is fair
                                            to the Lead Borrower or such Restricted Subsidiary from a financial point of view or meets
                                            the requirements of clause&nbsp;(b)&nbsp;of this <U>Section&nbsp;7.08</U>.</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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;7.09&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Burdensome
Agreements</U></B>. The Lead Borrower shall not, nor shall the Lead Borrower permit any of its Restricted Subsidiaries to, enter into
or permit to exist any Contractual Obligation (other than this Agreement, any other Loan Document, any Prepetition SHC Loan Documents,
any <U>Prepetition Loan Documents</U>, or any Prepetition Second Lien Notes Document) that limits the ability of (a)&nbsp;any Restricted
Subsidiary of the Lead Borrower to make Restricted Payments to the Lead Borrower or any of its Restricted Subsidiaries or (b)&nbsp;any
Loan Party to create, incur, assume or suffer to exist Liens on property of such Person for the benefit of the Lenders with respect to
the Facilities and the Obligations or under the Loan Documents; <U>provided</U> that the foregoing clauses&nbsp;(a)&nbsp;and (b)&nbsp;shall
not apply to Contractual Obligations which:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(i)</TD><TD STYLE="text-align: justify">(x)&nbsp;exist on the Closing Date and
                                            (to the extent not otherwise permitted by this <U>Section&nbsp;7.09</U>) are listed on <U>Schedule
                                            7.09</U> hereto and (y)&nbsp;to the extent Contractual Obligations permitted by preceding
                                            clause&nbsp;(x)&nbsp;are set forth in an agreement evidencing Indebtedness, are set forth
                                            in any agreement evidencing any permitted modification, replacement, renewal, extension or
                                            refinancing of such Indebtedness so long as such modification, replacement, renewal, extension
                                            or refinancing does not expand the scope of such Contractual Obligations;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(ii)</TD><TD STYLE="text-align: justify">are binding on a Restricted Subsidiary
                                            at the time such Restricted Subsidiary first becomes a Restricted Subsidiary of the Lead
                                            Borrower, so long as such Contractual Obligations were not entered into in contemplation
                                            of such Person becoming a Restricted Subsidiary of the Lead Borrower;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(iii)</TD><TD STYLE="text-align: justify">represent Indebtedness of a Restricted
                                            Subsidiary of the Lead Borrower which is not a Loan Party which is permitted by <U>Section&nbsp;7.03</U>;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(iv)</TD><TD STYLE="text-align: justify">arise in connection with any Disposition
                                            permitted by <U>Section&nbsp;7.04</U> or <U>7.05</U> and relate solely to the assets or Person
                                            subject to such Disposition;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(v)</TD><TD STYLE="text-align: justify">are customary provisions in joint venture
                                            agreements and other similar agreements applicable to joint ventures constituting Permitted
                                            Investments or otherwise permitted under <U>Section&nbsp;7.06</U> and applicable solely to
                                            such joint venture;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(vi)</TD><TD STYLE="text-align: justify">are negative pledges and restrictions
                                            on Liens in favor of any holder of Indebtedness permitted under <U>Section&nbsp;7.03</U>
                                            but solely to the extent any negative pledge relates to the property financed by such Indebtedness;</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"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(vii)</TD><TD STYLE="text-align: justify">are customary restrictions on leases,
                                            subleases, licenses or asset sale agreements otherwise permitted hereby so long as such restrictions
                                            relate to the assets subject thereto;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(viii)</TD><TD STYLE="text-align: justify">comprise restrictions imposed by any
                                            agreement relating to secured Indebtedness permitted pursuant to <U>Section&nbsp;7.03(e)</U>&nbsp;or
                                            <U>(g)</U>&nbsp;(in each case to the extent that such restrictions apply only to the property
                                            or assets securing such Indebtedness or to the Restricted Subsidiaries incurring or guaranteeing
                                            such Indebtedness);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(ix)</TD><TD STYLE="text-align: justify">are customary provisions restricting subletting
                                            or assignment of any lease governing a leasehold interest of the Lead Borrower or any Restricted
                                            Subsidiaries;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(x)</TD><TD STYLE="text-align: justify">are customary provisions restricting assignment
                                            or transfer of any agreement entered into in the ordinary course of business;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(xi)</TD><TD STYLE="text-align: justify">are restrictions on cash or other deposits
                                            imposed by customers under contracts entered into in the ordinary course of business;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(xii)</TD><TD STYLE="text-align: justify">arise in connection with cash or other
                                            deposits permitted under <U>Sections&nbsp;7.01</U> and the definition of Permitted Investments
                                            and limited to such cash or deposit;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(xiii)</TD><TD STYLE="text-align: justify">comprise restrictions imposed by any
                                            agreement evidencing any Indebtedness permitted under <U>Section&nbsp;7.03</U> to the extent
                                            that such restrictions (taken as a whole) are, in the good faith judgment of the Lead Borrower,
                                            no more onerous to&nbsp;Lead Borrower and its Restricted Subsidiaries than customary market
                                            terms for Indebtedness of such type and in any event are no more onerous to Lead Borrower
                                            and its Restricted Subsidiaries than those restrictions contained in this Agreement and the
                                            other Loan Documents; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(xiv)</TD><TD STYLE="text-align: justify">any amendments, modifications, restatements
                                            or renewals of the agreements, contracts or instruments referred to in clause&nbsp;(a)&nbsp;through
                                            (m)&nbsp;above, <U>provided</U> that such amendments, modifications, restatements or renewals,
                                            taken as a whole, are not materially more restrictive with respect to such encumbrances or
                                            restrictions than those contained in such predecessor agreements, contracts or instruments.</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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;7.10&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>[Reserved]</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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&nbsp;7.11&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Prepetition
Super HoldCo Credit Agreement</U></B></FONT><U>.</U></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Subject
to the DIP Orders and the Restructuring Support Agreement, the Lead Borrower shall not consent to any amendment to the Prepetition Super
Holdco Credit Agreement that would adversely affect the interests of the Secured 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 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;7.12&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Accounting
Changes</U></B>. The Lead Borrower shall not make any change in its fiscal year; <U>provided</U>, <U>however</U>, that the Lead Borrower
may, upon written notice to the Administrative Agent, change its fiscal year to any other fiscal year reasonably acceptable to the Administrative
Agent, in which case, the Borrowers and the Administrative Agent will, and are hereby authorized by the Lenders to, make any adjustments
to this Agreement that are necessary to reflect such change in fiscal 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-align: justify; text-indent: 0.5in"><B>Section&nbsp;7.13&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Prepayments</U>,
<U>Etc. of Indebtedness</U></B>. (a)&nbsp; The Lead Borrower shall not, nor shall the Lead Borrower permit any of its Restricted Subsidiaries
to, prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner (it being understood
that payments of regularly scheduled principal, interest and mandatory prepayments shall be permitted) (x)&nbsp;any Indebtedness incurred
under <U>Section&nbsp;7.03(g)</U>, <U>(s)</U>, <U>(t)</U>&nbsp;or <U>(u)</U>&nbsp;that is expressly subordinated to the Obligations in
right of payment or security or (y)&nbsp;any other Indebtedness that is required to be expressly subordinated to the Obligations in right
of payment or security pursuant to the terms of the Loan Documents (all Indebtedness described under (x)&nbsp;and (y), collectively,
 &ldquo;<U>Junior Financing</U>&rdquo;) or make any payment in violation of any subordination terms of any Junior Financing Documentation,
except (i)&nbsp;in connection with the consummation of the Transactions, including in connection with the Roll-Up Term Loans and (ii)&nbsp;the
prepayment of Indebtedness of the Lead Borrower owing to the Co-Borrower, or a Foreign Guarantor or the prepayment of Indebtedness of
Holdings owing or any Restricted Subsidiary owing to the Lead Borrower or any Restricted Subsidiary to the extent not prohibited by the
subordination provisions of any intercompany subordination 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;&nbsp;</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
Lead Borrower shall not, nor shall it permit any of its Restricted Subsidiaries to amend, modify or change in any manner materially adverse
to the interests of the Lenders any term or condition of any Junior Financing Documentation (including documentation evidencing Permitted
Refinancings thereof but other than intercompany indebtedness) without the consent of the Administrative Agent (acting at the written
direction of the Required Lenders) (which consent shall not be unreasonably withheld, conditioned or delayed); <U>provided</U>, that
nothing in this <U>Section&nbsp;7.13(b)</U>&nbsp;shall prohibit the Lead Borrower and its Restricted Subsidiaries from refinancing, replacing
or renewing any such Junior Financing to the extent otherwise permitted by <U>Section&nbsp;7.13(a)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;7.14&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Permitted
Activities</U></B>. With respect to each Holdco, each Holdco shall not engage in any material operating or business activity; provided,
that the following and any activities incidental thereto shall be permitted in any event: (i)&nbsp;(x)&nbsp;in the case of Holdings,
its ownership of the Equity Interests of the Lead Borrower or any Intermediate Holding Company and (y)&nbsp;in the case of any Intermediate
Holding Company, its ownership of Equity Interests of the Lead Borrower, and, in each case, activities incidental thereto, including
payment of dividends and other amounts in respect of its Equity Interests, (ii)&nbsp;the maintenance of its legal existence (including
the ability to incur fees, costs and expenses relating to such maintenance), (iii)&nbsp;the performance of its obligations with respect
to the Loan Documents, the Prepetition Senior Notes and any other Indebtedness, (iv)&nbsp;any public offering of its Equity Interests
or any other issuance or sale of its Equity Interests, (v)&nbsp;financing activities, including the issuance of securities, incurrence
of debt, payment of dividends, providing a performance guaranty in connection with a Permitted Securitization and (x)&nbsp;in the case
of Holdings, making contributions to the capital of any Intermediate Holding Company, and guaranteeing the obligations of any Intermediate
Holding Company and the Lead Borrower and its Restricted Subsidiaries and (y)&nbsp;in the case of any Intermediate Holding Company, making
contributions (including any contribution or transfer made in the form of an intercompany loan provided on an interest-free basis) to
the capital of any other Intermediate Holding Company or the Lead Borrower and guaranteeing the obligations of and the Lead Borrower
and its Restricted Subsidiaries, (vi)&nbsp;participating in tax, accounting and other administrative matters as a member of the consolidated
group of Parent, (vii)&nbsp;holding any cash or property (but not operate any property) including any intercompany receivable to the
extent held in accordance with an activity otherwise permitted by this <U>Section&nbsp;7.14</U> and the other provisions of the Credit
Agreement, (viii)&nbsp;providing indemnification to officers and directors, (ix)&nbsp;in the case of Holdings, the incurrence of Indebtedness
under that certain Loan Agreement dated as of September&nbsp;8, 2023, by and between LuxCo Finance, as lender, and Holdings, as borrower,
in an aggregate principal amount equal to $128,865,980, as in effect on December&nbsp;12, 2024, so long as such Indebtedness (I)&nbsp;is
not guaranteed by any Loan Party or Restricted Subsidiary, (II)&nbsp;is unsecured, (III)&nbsp;has a final scheduled maturity date after
the Latest Maturity Date, (IV)&nbsp;has a Weighted Average Life to Maturity not shorter than the remaining Weighted Average Life to Maturity
of the 2021 Incremental Term Loans, the 2023 Term Loans or any Extended Term Loans as to which the 2021 Incremental Term Loans or the
2023 Term Loans were the Existing Term Loan Tranche, (V)&nbsp;has no scheduled amortization, payments of interest in cash, payments of
principal or any mandatory redemption, repurchase, prepayment or sinking fund obligations, in each case, prior to the Latest Maturity
Date and (VI)&nbsp;is subject to a Subordination Agreement, (x)&nbsp;[reserved], (xi)&nbsp;in connection with the consummation of the
Transactions, and (xii)&nbsp;in each case, any activities incidental to the foregoing. Notwithstanding anything herein to the contrary,
(i)&nbsp;no Intermediate Holding Company shall own any Equity Interests other than those of the Lead Borrower or another Intermediate
Holding Company (unless such Equity Interests are promptly contributed to the Lead Borrower) and (ii)&nbsp;Holdings shall not own any
Equity Interests other than (A)&nbsp;those of an Intermediate Holding Company or the Lead Borrower (unless such Equity Interests are
promptly contributed to the Lead Borrower) or (B)&nbsp;those of Parent in connection with share purchases, provided however, that such
share purchases and the payments related thereto are permitted by <U>Section&nbsp;7.06</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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;7.15&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>New
Subsidiaries</U></B>. The Borrowers shall not (and shall not permit any Subsidiary to), directly or indirectly, acquire, form, incorporate
or otherwise organize any Subsidiaries that were not Subsidiaries of the Borrowers as of the Closing Date, without the prior written
consent of the Required Lenders, other than in connection with the consummation of 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;7.16&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Permitted
Variance; Liquidity</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: justify; text-indent: 1in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Loan Parties shall not permit the Liquidity, with respect to each Liquidity Report Deadline, as of the last Business Day of the calendar
week immediately preceding such Liquidity Report Deadline, to be less than $100,000,000.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Loan Parties shall not permit the Disbursements Variance (excluding professional fees) to exceed the Permitted Variance over any Applicable
Period (other than in the case of total actual operating disbursements being less than total budgeted operating disbursements).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;7.17&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Chapter
11 Cases</U></B>. The Borrower shall not (and shall not permit any Subsidiary to), directly or indirectly:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;except
for the Carve-Out, incur, create, assume, suffer to exist or permit, or file any motion seeking, any other superpriority claim which
is pari passu with, or senior to, the Obligations (except as set forth in the DIP Orders or expressly permitted by the Loan Documents);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;incur,
create, assume, suffer to exist or permit or file any motion seeking, any Lien which is pari passu with, or senior to, the Liens granted
hereunder (except as set forth in the DIP Orders or as explicitly permitted by the Loan Documents);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;make
or permit to be made any amendment, modification, supplement or change to the DIP Orders (other than technical modifications to correct
grammatical, ministerial or typographical errors), without the prior written consent of the Required Lenders and any additional consents
set forth in the Restructuring Support Agreement;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;(a)&nbsp;make
payments under any management incentive, severance, retention or other bonus or compensation plan or on account of claims or expenses
arising under any section of the Bankruptcy Code, except, in each case, (1)&nbsp;as is consistent with the terms and conditions of the
Restructuring Support Agreement or (2)&nbsp; as approved in writing by the Required Lenders, or (b)(1)&nbsp;enter into or make or implement
any amendment, waiver, supplement, or other modification to any employment agreement or employee compensation plan, except, in each case,
(A)&nbsp;as is consistent with the terms and conditions of the Restructuring Support Agreement or (B)&nbsp; as approved in writing by
the Required Lenders or (2)&nbsp;pay or cause to be paid any amount contemplated by such agreements or plans and which are consistent
with the terms and conditions of the Restructuring Support Agreement before the date on which such amount becomes due and payable pursuant
to the terms of such agreements or plans, as applicable, in each case;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;commence
any adversary proceeding, contested matter or other action (or otherwise support any party) asserting any claims or defenses or otherwise
against (or asserting any surcharge under section 506(c)&nbsp;of the Bankruptcy Code or otherwise against) the Administrative Agent,
any Lender, any other Secured Party and any Prepetition OpCo Secured Parties, the other Loan Documents, the transactions contemplated
hereby or thereby, the Prepetition Loan Documents, the other documents or agreements executed or delivered in connection therewith or
the transactions 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; text-align: justify; text-indent: 1.5in">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;except
as provided in the DIP Orders, use any cash collateral, proceeds of the Obligations, or any cash or other amounts to (a)&nbsp;investigate,
challenge, object to or contest the extent, validity, enforceability, security, perfection or priority of any of the Liens securing the
Loans, the Liens securing the Prepetition OpCo Secured Obligations or the Obligations hereunder, (b)&nbsp;investigate or initiate any
claim or cause of action against any of the Administrative Agent, the Collateral Agent or the Lenders or Prepetition OpCo Secured Parties,
(c)&nbsp;object to or seek to prevent, hinder or delay or take any action to adversely affect the rights or remedies of the Lenders or
the Prepetition OpCo Secured Parties, or (d)&nbsp;seek to approve superpriority claims or grant liens or security interests (other than
those expressly permitted under the Loan Documents and the DIP Orders) that are senior to or pari passu with the Liens securing the Prepetition
OpCo Secured Obligations, the DIP Superpriority Claims or the adequate protection liens or claims granted under the DIP Orders; or</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(vii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;file
any motion or application with the Bankruptcy Court with regard to actions taken outside the ordinary course of business of the Loan
Parties without consulting with the Lenders and providing the Lenders three (3)&nbsp;Business Days&rsquo; (or as soon thereafter as is
practicable) notice and the opportunity to review and comment on each such motion.</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;8.01&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Events
of Default</U></B>. Any of the following from and after the Closing Date shall constitute an event of default (an &ldquo;<U>Event of
Default</U>&rdquo;):</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(i)</TD><TD STYLE="text-align: justify"><U>Non-Payment</U>. (a)&nbsp;Any Loan Party
                                            fails to pay in the currency required hereunder (i)&nbsp;when and as required to be paid
                                            herein, any amount of principal of any Loan, or (ii)&nbsp;within five (5)&nbsp;Business Days
                                            after the same becomes due, any interest on any Loan or any other amount payable hereunder
                                            or with respect to any other Loan Document (other than professional fees) and (b)&nbsp;within
                                            five (5)&nbsp;Business Days after the same becomes due, any professional fees payable hereunder
                                            or pursuant to the DIP Orders; or</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(ii)</TD><TD STYLE="text-align: justify"><U>Specific Covenants</U>. Any Borrower
                                            or, in the case of <U>Section&nbsp;7.14</U>, any Holdco, fails to perform or observe any
                                            term, covenant or agreement contained in any of <U>Sections 6.03(a)</U>, <U>6.05(a), 6.17,
                                            6.18, 6. 20, 6.21 6.22, 6.23 or 6.24</U> (solely with respect to a Borrower) or <U>Article&nbsp;VII</U>;
                                            or</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(iii)</TD><TD STYLE="text-align: justify"><U>Other Defaults</U>. Any Loan Party
                                            fails to perform or observe any other covenant or agreement (not specified in <U>Section&nbsp;8.01(a)</U>&nbsp;or
                                            <U>(b)</U>&nbsp;above) contained in any Loan Document on its part to be performed or observed
                                            and such failure continues for ten (10)&nbsp;Business Days after receipt of written notice
                                            thereof by the Lead Borrower from the Administrative Agent; or</TD></TR></TABLE>

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(iv)</TD><TD STYLE="text-align: justify"><U>Representations and Warranties</U>.
                                            Any representation, warranty, certification or statement of fact made or deemed made by or
                                            on behalf of any Holdco, the Lead Borrower or any other Loan Party herein, in any other Loan
                                            Document, or in any document required to be delivered in connection herewith or therewith
                                            shall be incorrect or misleading in any material respect (except to the extent such representation,
                                            warranty, certification or statement of fact is qualified by &ldquo;materiality&rdquo; or
                                            &ldquo;Material Adverse Effect&rdquo;, in which case such representation, warranty, certification
                                            or statement of fact shall be correct in all respects) when made or deemed made; or</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(v)</TD><TD STYLE="text-align: justify"><U>Cross-Default</U>. Solely to the extent
                                            not subject to the automatic stay as a result of the commencement of the Chapter 11 Cases
                                            or a forbearance agreement, reasonably acceptable to the Required Lenders (the Restructuring
                                            Support Agreement is deemed acceptable), any Loan Party or any Restricted Subsidiary (A)&nbsp;fails
                                            to make any payment beyond the applicable grace period with respect thereto, if any, (whether
                                            by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect
                                            of the obligations outstanding under (i)&nbsp;the Prepetition Super HoldCo Credit Agreement,
                                            (ii)&nbsp;the Prepetition Second Lien Notes Indenture, (iii)&nbsp;the Prepetition OpCo Loan
                                            Documents or (iv)&nbsp;any other Indebtedness (other than Indebtedness arising under the
                                            SHC DIP Credit Agreement) having an outstanding aggregate principal amount of not less than
                                            the Threshold Amount, other than the SHC DIP Loan Documents (such Indebtedness described
                                            in the foregoing clauses (i)&nbsp;through (iv)&nbsp;collectively, the &ldquo;<U>Covered Indebtedness</U>&rdquo;),
                                            or (B)&nbsp;fails to observe or perform any other agreement or condition relating to any
                                            Covered Indebtedness, or any other event occurs (other than, with respect to Indebtedness
                                            consisting of Swap Contracts, termination events or equivalent events pursuant to the terms
                                            of such Swap Contracts and not as a result of any other default thereunder by any Loan Party),
                                            the effect of which default or other event is to cause, or to permit the holder or holders
                                            of such covered Indebtedness (or a trustee or agent on behalf of such holder or holders or
                                            beneficiary or beneficiaries) to cause, with the giving of notice if required, such covered
                                            Indebtedness to become due or to be repurchased, prepaid, defeased or redeemed (automatically
                                            or otherwise), or an offer to repurchase, prepay, defease or redeem such Indebtedness to
                                            be made, prior to its stated maturity; <U>provided</U>, <U>further</U>, that this clause&nbsp;(e)(B)&nbsp;shall
                                            not apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer
                                            of the property or assets securing such covered Indebtedness, if such sale or transfer is
                                            permitted under the terms of the documents providing for such Indebtedness; provided, further,
                                            that such failure is unremedied and is not waived by the holders of such Indebtedness prior
                                            to any acceleration of the Loans pursuant to <U>Section&nbsp;8.02</U>; or</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(vi)</TD><TD STYLE="text-align: justify"><U>Insolvency Proceedings</U>, <U>Etc.</U>
                                            Other than the Chapter 11 Cases and except as otherwise contemplated in the Restructuring
                                            Support Agreement, any Loan Party or any Restricted Subsidiary (other than an Immaterial
                                            Subsidiary) institutes or consents to the institution of any proceeding under any Debtor
                                            Relief Law, or makes an assignment for the benefit of creditors; or applies for or consents
                                            to the appointment of any receiver, receiver-manager, trustee, statutory manager, custodian,
                                            monitor, conservator, liquidator, rehabilitator, controller, administrator, judicial manager,
                                            administrative receiver or similar officer for it or for all or any material part of its
                                            property; or any receiver, receiver-manager, trustee, statutory manager, custodian, monitor,
                                            conservator, liquidator, rehabilitator, administrator, judicial manager, administrative receiver
                                            or similar officer is appointed without the application or consent of such Person; or any
                                            proceeding under any Debtor Relief Law relating to any such Person or to all or any material
                                            part of its property is instituted without the consent of such Person, or an order for relief
                                            is entered in any such proceeding; or, in relation to any Luxembourg Loan Party or any Restricted
                                            Subsidiary (other than an Immaterial Subsidiary) organized under the laws of Luxembourg,
                                            a Luxembourg Insolvency Event has occurred; or, in addition, in relation to any Loan Party
                                            or that is a Restricted Subsidiary (other than an Immaterial Subsidiary) organized under
                                            the laws of Federal Republic of Germany, a court order for the rejection of insolvency proceedings
                                            due to lack of funds (<I>Abweisungsbeschluss mangels Masse</I>) is made, or in relation to
                                            any Loan Party organized under the laws of Singapore, such Loan Party is declared by the
                                            Minister of Finance of Singapore to be a company to which Part&nbsp;9 of the Companies Act
                                            1967 of Singapore applies, or in relation to any Loan Party incorporated in Hong Kong, a
                                            winding-up order or an order appointing a provisional liquidator is made in respect of such
                                            Loan Party under the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap.
                                            32) of Hong Kong; or</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;&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(vii)</TD><TD STYLE="text-align: justify"><U>Inability to Pay Debts; Attachment</U>.
                                            (i)&nbsp;[reserved], or (ii)&nbsp;any writ or warrant of attachment or execution or similar
                                            process is issued or levied against all or any material part of the property of the Loan
                                            Parties and is not released, vacated or fully bonded within sixty (60) days after its issue
                                            or levy, or, in relation to any Loan Party or their Subsidiaries, taken as a whole, or that
                                            is a Restricted Subsidiary organized under the laws of Federal Republic of Germany, a German
                                            Insolvency Event has occurred; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(viii)</TD><TD STYLE="text-align: justify"><U>Judgments</U>. So long as not subject
                                            to the automatic stay as a result of the commencement of the Chapter 11 Case, there is entered
                                            against any Loan Party or any Restricted Subsidiary a final judgment or order for the payment
                                            of money in an aggregate amount exceeding the Threshold Amount (to the extent not covered
                                            by (i)&nbsp;independent third-party insurance as to which the insurer has been notified of
                                            such judgment or order and has not denied coverage or (ii)&nbsp;other third party indemnities
                                            from financially sound investment grade indemnifying parties (or other parties reasonably
                                            acceptable to the Administrative Agent (acting at the written direction of the Required Lenders)))
                                            and such judgment or order shall not have been satisfied, vacated, discharged or stayed or
                                            bonded pending an appeal for a period of thirty (30) consecutive days, without the prior
                                            written consent of the Required Lenders; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(ix)</TD><TD STYLE="text-align: justify"><U>Invalidity of Loan Documents</U>. Any
                                            material provision of any Loan Document, at any time after its execution and delivery and
                                            for any reason other than as expressly permitted hereunder or thereunder (including as a
                                            result of a transaction permitted under <U>Section&nbsp;7.04</U> or <U>7.05</U>) or as a
                                            result of acts or omissions by the Administrative Agent or Collateral Agent or any Lender
                                            or the satisfaction in full of all the Obligations, ceases to be in full force and effect;
                                            or any Loan Party contests in writing the validity or enforceability of any provision of
                                            any Loan Document or the validity or priority of a Lien as required by the Collateral Documents
                                            on a material portion of the Collateral; or any Loan Party denies in writing that it has
                                            any or further liability or obligation under any Loan Document (other than as a result of
                                            repayment in full of the Obligations and termination of the Aggregate Commitments), or purports
                                            in writing to revoke or rescind any Loan Document; or</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.3in">(x)</TD><TD STYLE="text-align: justify"><U>[Reserved]</U>.</TD></TR></TABLE>

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

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

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

<TABLE 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: 1in"></TD><TD STYLE="width: 0.3in">(xi)</TD><TD STYLE="text-align: justify"><U>[Reserved]</U>.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(xii)</TD><TD STYLE="text-align: justify">[Reserved].</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(xiii)</TD><TD STYLE="text-align: justify"><U>Closing Date</U>. . The Closing Date
                                            shall not have occurred within three (3)&nbsp;Business Days of the Petition Date; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(xiv)</TD><TD STYLE="text-align: justify"><U>SHC DIP Credit Agreement</U>. Any
                                            Event of Default (as defined in the SHC DIP Credit Agreement) has occurred and is continuing;
                                            <U>provided</U> that such Event of Default under the SHC DIP Credit Agreement shall only
                                            constitute an Event of Default hereunder to the extent that the Required Lenders (as defined
                                            in the SHC DIP Credit Agreement) have delivered to the SHC Borrowers a Termination Notice
                                            (as defined in the SHC DIP Credit Agreement, an &ldquo;<U>SHC Termination Notice</U>&rdquo;)
                                            under the SHC DIP Credit Agreement as a result of such Event of Default and such SHC Termination
                                            Notice has not been rescinded; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.3in">(xv)</TD><TD STYLE="text-align: justify"><U>Chapter 11 Cases</U>. There shall have
                                            occurred any of the following in the Chapter 11 Cases:</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
bringing of a motion by any OpCo Debtor in the Chapter 11 Cases, or the entry of any order by the Bankruptcy Court in the Chapter 11
Cases: (A)&nbsp;except as provided in this Agreement, the Interim DIP Order or the Final DIP Order, as the case may be, with respect
to obtaining additional financing under section 364(c)&nbsp;or (d)&nbsp;of the Bankruptcy Code that are <I>pari passu</I> or senior to
the Obligations under this Agreement; (B)&nbsp;granting any Lien that is <I>pari passu</I> or senior to Liens granted to the Lenders
hereunder, other than Liens expressly permitted under this Agreement upon or affecting any Collateral; (C)&nbsp;except as provided in
this Agreement, the Interim DIP Order or the Final DIP Order, as the case may be, authorizing use of cash collateral of the Administrative
Agent under section 363(c)&nbsp;of the Bankruptcy Code without the prior written consent of the Administrative Agent and the Required
Lenders; or (D)&nbsp;terminating or modifying the consensual use of prepetition cash collateral, other than as provided in this Agreement
and the DIP Orders, and subject to the Carve-Out and Prior Liens;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
entry of an order by the Bankruptcy Court authorizing any OpCo Debtor to take any action materially adverse to the rights and remedies
of the Administrative Agent or the Lenders hereunder or their interest in the Collateral, unless such order has been stayed, reserved,
or vacated within ten (10)&nbsp;calendar days after the entry thereof;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&#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-align: justify; text-indent: 1.5in">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
entry of an order in the Chapter 11 Cases amending, supplementing, staying, reversing, vacating or otherwise modifying any Loan Document
or the DIP Orders or impairing or modifying any of the liens, security interests, claims, rights, remedies, privileges, benefits or protections
of the Administrative Agent and the Lenders under the DIP Orders or the Loan Documents, in each case, without the prior written consent
of the Required Lenders;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
payment of, or granting adequate protection (except pursuant to the Adequate Protection Provisions or any DIP Orders), or application
by any Loan Party for authority to pay or grant adequate protection (except pursuant to the Adequate Protection Provisions or any DIP
Orders), any Prepetition OpCo Secured Obligations or other prepetition claim without the Required Lenders&rsquo; prior written consent
other than (A)&nbsp;as provided in any &ldquo;first day order&rdquo; in form and substance acceptable to the Required Lenders, or (B)&nbsp;to
the extent such payment is expressly permitted pursuant to this Agreement or consented to by the Required Lenders;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
entry of an order by the Bankruptcy Court appointing, the filing of an application by any OpCo Debtor, for an order seeking the appointment
of, or the appointment otherwise of, in each case, without the prior written consent of the Required Lenders, an interim or permanent
trustee in any of the Chapter 11 Cases or the appointment of a responsible officer, receiver or an examiner under section 1104 of the
Bankruptcy Code in the Chapter 11 Cases (other than the Debtors acting as debtors in possession under the Bankruptcy Code), with expanded
powers (including any powers beyond those set forth in sections 1106(a)(3)&nbsp;and 1106(a)(4)&nbsp;of the Bankruptcy Code) to operate
or manage the financial affairs, the business, or reorganization of the Borrowers or with the power to conduct an investigation of (or
compel discovery from) any of the Secured Parties or against any of the Prepetition OpCo Secured Parties; or the sale without the Required
Lenders&rsquo; consent, of any Loan Party&rsquo;s assets (including through a sale under section 363 of the Bankruptcy Code), except
to the extent expressly permitted hereunder and the DIP Orders;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(vii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
dismissal of the Chapter 11 Cases, or if any OpCo Debtor shall file a motion or other pleading seeking the dismissal of the Chapter 11
Cases;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(viii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
conversion of any Chapter 11 Case from a case under chapter 11 of the Bankruptcy Code to a case under chapter 7 of the Bankruptcy Code
or into any other bankruptcy proceeding under any Debtor Relief Laws, as applicable, or any OpCo Debtor shall file a motion or other
pleading seeking the conversion of the Chapter 11 Cases under section 1112 of the Bankruptcy Code or otherwise, in each case, without
the prior written consent of the Required Lenders;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ix)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
entry of an order by the Bankruptcy Court granting relief from or modifying the automatic stay of section 362 of the Bankruptcy Code
(x)&nbsp;to allow any creditor to execute upon or enforce a Lien on any Collateral that has an aggregate value in excess of $2,500,000,
or (y)&nbsp;with respect to any Lien of or the granting of any Lien on any Collateral that has an aggregate value in excess of $2,500,000
to any state or local environmental or regulatory agency or authority having priority over the Liens in favor of the Administrative Agent
or the Prepetition OpCo Secured 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; text-align: justify; text-indent: 1.5in">(x)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
entry of an order in the Chapter 11 Cases, avoiding, recharacterizing, subordinating, disgorging or requiring repayment of any portion
of the payments made on account of the Obligations owing under this Agreement or the other Loan Documents;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
failure of any OpCo Debtor to comply with or perform any of its material obligations under the Interim DIP Order or the Final DIP Order,
or any violation of any of the material terms of the Interim DIP Order or the Final DIP Order, subject to any applicable grace or cure
periods;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
failure of any Loan Party to satisfy the Milestones;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xiii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
entry of an order in any of the Chapter 11 Cases granting any super priority administrative claim or Lien equal or superior to that granted
to the Administrative Agent, on behalf of itself and the Lenders without the consent in writing of the Required Lenders, except (A)&nbsp;in
respect of the Carve-Out in accordance with the DIP Orders and (B)&nbsp;as expressly provided in the Adequate Protection Provisions;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xiv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
filing of a motion by any OpCo Debtor requesting, or the entry of any order granting, any super-priority administrative expense claim
which is senior to or <I>pari passu</I> with the Lenders&rsquo; claims or with the claims of the Prepetition OpCp Secured Parties without
the consent in writing of the Required Lenders, except (A)&nbsp;in respect of the Carve-Out and Prior Liens and (B)&nbsp;as expressly
provided in the Adequate Protection Provisions;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
entry of an order precluding any administrative agent or the applicable agent under any Prepetition Loan Documents from having the right
to or being permitted to &ldquo;credit bid&rdquo; with respect to the assets of the OpCo Debtors;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xvi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
OpCo Debtors&rsquo; &ldquo;exclusive period&rdquo; under Section&nbsp;1121 of the Bankruptcy Code for the filing and/or solicitation
of a chapter 11 plan is terminated or shortened 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; text-align: justify; text-indent: 1.5in">(xvii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;(A)&nbsp;any
OpCo Debtor shall (i)&nbsp;challenge or contest the validity or enforceability of the DIP Orders or any Loan Document or deny that it
has further liability thereunder, (ii)&nbsp;challenge or contest the nature, extent, amount, enforceability, validity, priority or perfection
of the Obligations, Liens securing the Obligations, the DIP Superpriority Claims, Loan Documents, Adequate Protection Liens, Adequate
Protection Claims, the Prepetition Superpriority Secured Obligations, the Liens securing the Prepetition Superpriority Secured Obligations
or the Prepetition Loan Documents, (iii)&nbsp;assert any claim, defense or cause of action that seeks to avoid, recharacterize, subordinate
(whether equitable subordination or otherwise), disgorge, disallow, impair or offset all or any portion of the Obligations, Liens securing
the Obligations, the DIP Superpriority Claims, Loan Documents, Adequate Protection Liens, Adequate Protection Claims, the Prepetition
Superpriority Secured Obligations, the Liens securing the Prepetition Superpriority Secured Obligations or the Prepetition Loan Documents,
(iv)&nbsp;investigate, join or file any motion, application or other pleading in support of, or publicly support any other Person that
has asserted any of the claims, challenges or other requested relief contemplated in clauses (i)&nbsp;- (iii)&nbsp;above, or fails to
timely contest such claims, challenges or other requested relief in good faith; or (B)&nbsp;the entry of a judgment or order in any of
the Chapter 11 Cases sustaining any of the claims, challenges, causes of action or other relief contemplated in clauses (i)&nbsp;- (iii)&nbsp;above;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xviii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
of the Interim DIP Order or the Final DIP Order (a)&nbsp;at any time ceases to be in full force and effect, or with respect to the Interim
DIP Order, subject to the entry of the Final DIP Order or (b)&nbsp;shall be vacated, reversed, stayed, amended, supplemented or modified
without the prior written consent of the Required Lenders;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xix)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
Final DIP Order (and except as otherwise provided in any DIP Order) has not been entered by the Bankruptcy Court within thirty-five (35)
calendar days after the Petition Date;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xx)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;subject
to entry of the Final DIP Order, the entry of any order in any of the Chapter 11 Cases (a)&nbsp;charging any of the Collateral with respect
to the Secured Parties, whether under Section&nbsp;506(c)&nbsp;of the Bankruptcy Code or otherwise or (b)&nbsp;charging any of the collateral
securing the Prepetition Superpriority Secured Obligations, whether under Section&nbsp;506(c)&nbsp;of the Bankruptcy Code or otherwise;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xxi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
OpCo Debtor shall consummate or seek to obtain Bankruptcy Court approval of any sale or other disposition of all or any portion of the
Collateral pursuant to Section&nbsp;363 of the Bankruptcy Code or otherwise (other than in ordinary course of business and that is expressly
permitted by the Approved Budget and this Agreement), without the prior written consent of the Required Lenders whether as a part of
or outside of a plan of reorganization or liquidation, or any Loan Party proposes, supports or fails to contest in good faith the entry
of such an order;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xxii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;cessation
of Liens or super-priority claims granted with respect to this Agreement to be valid, perfected (in the case of any Liens) and enforceable
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-align: justify; text-indent: 1.5in">(xxiii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
confirmation of a plan of reorganization or liquidation that does not provide for treatment of the Obligations consistent with the Restructuring
Support Agreement and the Prepetition Superpriority Secured Obligations acceptable to the Required Lenders, or any OpCo Debtor proposes
or supports, or fails to contest in good faith, the entry of such a plan of reorganization or liquidation, unless such plan contemplates
indefeasibly paying the Obligations and the Prepetition Superpriority Secured Obligations in full in cash on the effective date 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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xxiv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;if
(a)&nbsp;the Four Party Intercreditor Agreement shall for any reason, except to the extent permitted by the terms thereof, cease to be
in full force and effect and valid, binding and enforceable in accordance with its terms against the Borrowers, any party thereto or
any holder of the liens subordinated thereby, or shall be repudiated by any Loan Party, or be amended, modified or supplemented to cause
the liens securing the Prepetition OpCo Credit Agreement Secured Obligations to be senior or pari passu in priority to the liens securing
the Prepetition Superpriority Secured Obligations, (b)&nbsp;the Borrowers take any action inconsistent with the terms of the Four Party
Intercreditor Agreement (other than in connection with the Plan), or (c)&nbsp;any order of any court of competent jurisdiction is granted
which is materially inconsistent with the terms of the Four Party Intercreditor Agreement and would reasonably be expected to be adverse
to the interests of the Lenders under the Prepetition Superpriority Credit Agreement;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xxv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;reversal
or modification of the Roll-Up Term Loans provided for hereunder by the Bankruptcy Court without the written consent of the Required
Lenders;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xxvi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
Bankruptcy Court shall cease to have exclusive jurisdiction with respect to all matters relating to the exercise of rights and remedies
under the Loan Documents, the DIP Orders, the Liens granted under the Collateral Documents and the Collateral; <U>provided</U> that,
nothing herein shall limit the jurisdiction of any United States District Court or any appellate court having jurisdiction over appeals
therefrom with respect to any such matters.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;8.02&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Remedies
Upon Event of Default</U></B>. Subject to the DIP Orders, if an Event of Default occurs and is continuing, the Administrative Agent may
and, acting at the request of the Required Lenders, upon delivery of a Termination Notice (as defined in the DIP Orders, a &ldquo;<U>Termination
Notice</U>&rdquo;) in accordance with, and to the extent permitted by, the DIP Orders, take any or all of the following actions:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(i)</TD><TD STYLE="text-align: justify">declare the commitment of each Lender to
                                            make Loans to be terminated, whereupon such commitments and obligation shall be terminated;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(ii)</TD><TD STYLE="text-align: justify">declare the unpaid principal amount of
                                            all outstanding Loans, all interest accrued and unpaid thereon, and all other amounts owing
                                            or payable hereunder or under any other Loan Document to be immediately due and payable,
                                            without presentment, demand, protest or other notice of any kind, all of which are hereby
                                            expressly waived by the Borrowers;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(iii)</TD><TD STYLE="text-align: justify">require that the Borrowers Cash Collateralize
                                            the L/C Obligations (in an amount equal to the then Outstanding Amount thereof); and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(iv)</TD><TD STYLE="text-align: justify">exercise on behalf of itself and the Lenders
                                            all rights and remedies available to it and the Lenders under the Loan Documents or applicable
                                            Law;</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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;8.03&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Application
of Funds</U></B>. After the exercise of remedies provided for in <U>Section&nbsp;8.02</U> (or after the Loans have automatically become
immediately due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in the proviso
to <U>Section&nbsp;8.02</U>), any amounts received on account of the Obligations (whether received as a consequence of the exercise of
such remedies or a distribution out of any proceeding in respect of or commenced under any proceeding under any Debtor Relief Law including
payments in respect of &ldquo;adequate protection&rdquo; for the use of Collateral during such proceeding or under any plan of reorganization
or on account of any liquidation of any Loan Party) shall be applied by the Administrative Agent in the following order (to the fullest
extent permitted by mandatory provisions of 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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><U>First</U>, to
payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (other than principal and interest,
but including Attorney Costs payable under <U>Section&nbsp;10.04</U> and amounts payable under <U>Article&nbsp;III</U>) payable to the
Administrative Agent or the Collateral Agent in its capacity as such;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><U>Second</U>,
to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal and interest) payable
to the Lenders (including Attorney Costs payable under <U>Section&nbsp;10.04</U> and amounts payable under <U>Article&nbsp;III</U>),
ratably among them in proportion to the amounts described in this clause Second payable to them (irrespective of when such amounts were
incurred or accrued or whether any such amounts are allowed in any proceeding under any Debtor Relief 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-align: justify; text-indent: 0.5in"><U>Third</U>, to
payment of that portion of the Obligations constituting accrued and unpaid interest on the Loans and L/C Borrowings, and any fees and
premiums, ratably among the applicable Secured Parties in proportion to the respective amounts described in this clause Third payable
to them (irrespective of when such amounts were incurred or accrued or whether any such amounts are allowed in any proceeding under any
Debtor Relief 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-align: justify; text-indent: 0.5in"><U>Fourth</U>,
to payment of that portion of the Obligations constituting unpaid principal of the Loans and L/C Borrowings (including to Cash Collateralize
that portion of L/C Obligations comprised of the aggregate undrawn amount of Letters of Credit), and any breakage, or termination ratably
among the applicable Secured Parties in proportion to the respective amounts described in this clause Fourth held by them (irrespective
of when such amounts were incurred or accrued or whether any such amounts are allowed in any proceeding under any Debtor Relief 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-align: justify; text-indent: 0.5in"><U>Fifth</U>, to
the payment of all other Obligations of the Borrowers that are due and payable to the Administrative Agent and the other Secured Parties
on such date, ratably based upon the respective aggregate amounts of all such Obligations owing to the Administrative Agent and the other
Secured Parties on such date; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><U> Last</U>,
the balance, if any, after all of the Obligations have been paid in full, to the Lead Borrower or as otherwise required by Law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Notwithstanding the foregoing,
no amount received from any Guarantor shall be applied to any Excluded Swap Obligation of such Guarantor.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Subject to <U>Section&nbsp;2.03(c)</U>,
amounts used to Cash Collateralize the aggregate undrawn amount of Letters of Credit pursuant to clause Fourth above shall be applied
to satisfy drawings under such Letters of Credit as they occur. If any amount remains on deposit as Cash Collateral after all Letters
of Credit have either been fully drawn or expired, such remaining amount shall be applied to the other Obligations, if any, in the order
set forth above and, if no Obligations remain outstanding, to the Lead Borrower as applicable.</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;9.01&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Appointment
and Authorization of Agents</U></B>. (a)&nbsp; Each Lender hereby irrevocably appoints, designates and authorizes each of the Administrative
Agent and the Collateral Agent to take such action on its behalf under the provisions of this Agreement and each other Loan Document
and to exercise such powers and perform such duties as are expressly delegated to it by the terms of this Agreement or any other Loan
Document, together with such powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary contained elsewhere
herein or in any other Loan Document, neither the Administrative Agent nor the Collateral Agent shall have any duties or responsibilities,
except those expressly set forth herein, nor shall the Administrative Agent or the Collateral Agent have or be deemed to have any fiduciary
relationship with any Lender or Participant, and no implied covenants, functions, responsibilities, duties, obligations or liabilities
shall be read into this Agreement or any other Loan Document or otherwise exist against the Administrative Agent or the Collateral Agent.
Without limiting the generality of the foregoing sentence, the use of the term &ldquo;agent&rdquo; herein and in the other Loan Documents
with reference to any Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine
of any applicable Law. Instead, such term is used merely as a matter of market custom, and is intended to create or reflect only an administrative
relationship between independent contracting parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;&nbsp;</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">&nbsp;</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;&nbsp;Each
L/C Issuer shall act on behalf of the Lenders with respect to any Letters of Credit issued by it and the documents associated therewith,
and such L/C Issuer shall have all of the benefits and immunities (i)&nbsp;provided to the Agents in this Article&nbsp;IX with respect
to any acts taken or omissions suffered by such L/C Issuer in connection with Letters of Credit issued by it or proposed to be issued
by it and the applications and agreements for letters of credit pertaining to such Letters of Credit as fully as if the term &ldquo;Agent&rdquo;
as used in this Article&nbsp;IX and in the definition of &ldquo;Agent-Related Person&rdquo; included such L/C Issuer with respect to such
acts or omissions, and (ii)&nbsp;as additionally provided herein with respect to such L/C Issuer.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Notwithstanding
the provisions of <U>Section&nbsp;9.15</U>, each of the Secured Parties hereby irrevocably appoints and authorizes the Collateral Agent
to act as the agent of (and to hold any security interest created by the Collateral Documents for and on behalf of or in trust or as agent
for) such Secured Party for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by the Loan Parties to
secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the
Collateral Agent (and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to <U>Section&nbsp;9.02</U>
for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Collateral Documents, or for
exercising any rights and remedies thereunder at the direction of the Collateral Agent), shall be entitled to the benefits of all provisions
of this <U>Article&nbsp;IX</U> (including, <U>Section&nbsp;9.07</U>, as though such co-agents, sub-agents and attorneys-in-fact were the
Collateral Agent under the Loan Documents) as if set forth in full herein with respect thereto.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;For
the purposes of German Security (where &ldquo;<U>German Security</U>&rdquo; means any security interest created under the Collateral Documents
which are governed by German law) in addition to the provisions set out above, the specific provisions set out in clauses&nbsp;<U>(e)</U>&nbsp;to
<U>(i)</U>&nbsp;of this <U>Section&nbsp;9.01</U> shall be applicable. In the case of any inconsistency, the provisions set out in clauses
<U>(e)</U>&nbsp;to <U>(i)</U>&nbsp;of this <U>Section&nbsp;9.01</U> shall prevail. The provisions set out in clauses&nbsp;<U>(e)</U>&nbsp;to
<U>(i)</U>&nbsp;of this <U>Section&nbsp;9.01</U> shall not constitute a trust pursuant to the laws of the State of New York but a fiduciary
relationship (<I>Treuhand</I>) within the meaning of German law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;With
respect to German Security constituted by non&ndash;accessory (<I>nicht akzessorische</I>) security interests, the Collateral Agent shall
hold, administer and, as the case may be, enforce or release such German Security in its own name, but for the account of the Secured
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; text-align: justify; text-indent: 1in">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;With
respect to German Security constituted by accessory (<I>akzessorische</I>) security interests, the Collateral Agent shall administer,
and, as the case may be, enforce or release such German Security in the name of and for and on behalf of the Secured Parties and shall
hold, administer and, as the case may be, enforce or release that German Security in its own name on the basis of its own rights on the
basis of the abstract acknowledgement of indebtedness pursuant to <U>Section&nbsp;9.15</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; text-align: justify; text-indent: 1in">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;For
the purposes of performing its rights and obligations as Collateral Agent under any accessory (<I>akzessorische</I>) German Security,
each Secured Party hereby authorises the Collateral Agent to act as its agent (<I>Stellvertreter</I>), and releases the Collateral Agent
from the restrictions imposed by Section&nbsp;181 German Civil Code (<I>B&uuml;rgerliches Gesetzbuch</I>) and similar restrictions applicable
to it pursuant to any other law, in each case to the extent legally possible to that Secured Party. At the request of the Collateral Agent,
each Secured Party shall provide the Collateral Agent with a separate written power of attorney (<I>Spezialvollmacht</I>) for the purposes
of executing any relevant agreements and documents on their behalf. Each Secured Party hereby ratifies and approves all acts previously
done by the Collateral Agent on such Secured Party&rsquo;s behalf.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;The
Collateral Agent accepts its appointment as administrator of the German Security on the terms and subject to the conditions set out in
this Agreement and the Secured Parties (other than the Collateral Agent), the Collateral Agent and all other parties to this Agreement
agree that, in relation to the German Security, no Secured Party (other than the Collateral Agent) shall exercise any independent power
to enforce any German Security or take any other action in relation to the enforcement of the German Security, or make or receive any
declarations in relation thereto.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Secured Party (other than the Collateral Agent) hereby instructs and authorizes the Collateral Agent (with the right of sub-delegation)
to act as its agent (<I>Stellvertreter</I>) to enter into any documents evidencing German Security and to make and accept all declarations
and take all actions it considers necessary or useful in connection with any German Security on behalf of such Secured Party. The Collateral
Agent shall further be entitled to enforce or release any German Security, to perform any rights and obligations under any documents evidencing
German Security and to execute new and different documents evidencing or relating to the German 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; text-align: justify; text-indent: 1in">(j)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;With
respect to a Swiss 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 1in; text-align: justify; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
Collateral Agent (and each agent or sub-agent or attorney-in-fact appointed by the Collateral Agent from time to time pursuant to <U>Section&nbsp;9.02</U>
and/or any successor collateral agent appointed from time to time pursuant to <U>Section&nbsp;9.09</U> and/or any Supplemental Agent appointed
from time to time pursuant to <U>Section&nbsp;9.13</U>) shall accept, hold, administer and, as the case may be, enforce or release:</P>

<P STYLE="font: 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-align: justify; text-indent: 1in">(A)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
Swiss Security of accessory (<I>akzessorische</I>) nature;</P>

<P STYLE="font: 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-align: justify; text-indent: 1in">(B)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
benefit of this Section; 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-align: justify; text-indent: 1in">(C)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
proceeds of such Swiss 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-align: justify">acting in its own name and as representative
(<I>direkter Stellvertreter</I>) in the name and for account of each of the other Secured 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 1in; text-align: justify; text-indent: 0.5in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;the
Collateral Agent (and each agent or sub-agent or attorney-in-fact appointed by the Collateral Agent from time to time pursuant to <U>Section&nbsp;9.02</U>
and/or any successor collateral agent appointed from time to time pursuant to <U>Section&nbsp;9.09</U> and/or any Supplemental Agent appointed
from time to time pursuant to <U>Section&nbsp;9.13</U>) shall accept, hold, administer and, as the case may be, enforce or release:</P>

<P STYLE="font: 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-align: justify; text-indent: 1in">(A)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;any
Swiss Security of non-accessory (<I>nicht akzessorische</I>) nature;</P>

<P STYLE="font: 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-align: justify; text-indent: 1in">(B)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;with
respect to the Parallel Debt only, any Swiss Security of accessory (<I>akzessorische</I>) nature;</P>

<P STYLE="font: 10pt Times New Roman, 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 1in; text-align: justify; text-indent: 1in">(C)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
benefit of this Section&nbsp;and, as applicable, of the Parallel Debt; 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-align: justify; text-indent: 1in">(D)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
proceeds of such Swiss 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-align: justify">as fiduciary (<I>treuh&auml;nderisch</I>)
in its own name or, with respect to the Parallel Debt, as creditor in its own right and not as a representative of the other Secured Parties,
but for the benefit of all Secured 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 1in; text-align: justify; text-indent: 0.5in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;each
present and future Secured Party (other than the Collateral Agent) hereby appoints, instructs and authorises the Collateral Agent (and
each agent or sub-agent or attorney-in-fact appointed by the Collateral Agent from time to time pursuant to <U>Section&nbsp;9.02</U> and/or
any successor collateral agent appointed from time to time pursuant to <U>Section&nbsp;9.09</U> and/or any Supplemental Agent appointed
from time to time pursuant to <U>Section&nbsp;9.13</U>) to accept, hold, administer and, as the case may be, enforce or release the Swiss
Security, the benefit of sub-paragraphs&nbsp;(i)&nbsp;and (ii)&nbsp;and, as applicable, of the Parallel Debt and any proceeds of such
Swiss Security as set out in sub-paragraphs&nbsp;(i)&nbsp;and (ii)&nbsp;and in the respective Collateral Document constituting the Swiss
Security, and the Collateral Agent (and each agent or sub-agent or attorney-in-fact appointed by the Collateral Agent from time to time
pursuant to <U>Section&nbsp;9.02</U> and/or any successor collateral agent appointed from time to time pursuant to <U>Section&nbsp;9.09</U>
and/or any Supplemental Agent appointed from time to time pursuant to <U>Section&nbsp;9.13</U>) hereby accepts such appointment; 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-align: justify; text-indent: 0.5in">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;each
present and future Secured Party (other than the Collateral Agent) hereby instructs and authorises the Collateral Agent (and each agent
or sub-agent or attorney-in-fact appointed by the Collateral Agent from time to time pursuant to <U>Section&nbsp;9.02</U> and/or any successor
collateral agent appointed from time to time pursuant to <U>Section&nbsp;9.09</U> and/or any Supplemental Agent appointed from time to
time pursuant to <U>Section&nbsp;9.13</U>) in its own name and/or in the name of such Secured Party as its representative (<I>direkter
Stellvertreter</I>), as the case may be to give effect to this paragraph, to enter into, amend, replace, rescind or terminate any Collateral
Document or other document constituting the Swiss Security, to exercise any rights and perform any obligations thereunder and to make
and accept all declarations and take all actions it considers necessary or useful in connection with any Swiss Security on behalf of such
Secured Party (other than the 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: justify; text-indent: 1in">(k)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;With
respect to any Irish Transaction 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; text-align: justify; text-indent: 0.5in">To the extent that any and/or
all rights, interests, benefits and other property comprised in the Irish Transaction Security and the proceeds thereof (the &ldquo;<U>Trust
Property</U>&rdquo;) is not transferred, charged or granted to the Collateral Agent on trust pursuant to the relevant Loan Documents,
the Collateral Agent declares itself trustee of the Trust Property to hold the same on trust for the Secured Parties for the purpose of
securing the Obligations on the terms and subject to the conditions set out in the relevant Loan Documents <U>provided</U> that it is
hereby agreed that, in relation to any jurisdiction the courts of which would not recognize or give effect to the trusts expressed to
be created by this Agreement and any other applicable Loan Document, the relationship of the Secured Parties to the Collateral Agent shall
be construed as one of principal and agent.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(l)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Any
Swedish Security will be granted to the Secured Parties represented by the Collateral Agent as agent of the Secured 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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;9.02&#9;&#8239;&#8239;&nbsp;<U>Delegation
of Duties</U></B>. Each of the Administrative Agent and the Collateral Agent may execute any of its duties under this Agreement or any
other Loan Document (including for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under
the Collateral Documents or of exercising any rights and remedies thereunder) by or through agents, employees or attorneys-in-fact and
shall be entitled to advice of counsel and other consultants or experts concerning all matters pertaining to such duties. The Administrative
Agent shall not be responsible for the negligence or misconduct of any agent or sub-agent or attorney-in-fact that it selects in the
absence of gross negligence or willful misconduct (as determined in the final non-appealable judgment of a court of competent 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-align: justify; text-indent: 0.5in"><B>Section&nbsp;9.03&#9;&#8239;&#8239;&nbsp;<U>Liability
of Agents</U></B>. No Agent-Related Person shall (a)&nbsp;be liable for any action taken or omitted to be taken by any of them under
or in connection with this Agreement or any other Loan Document or the transactions contemplated hereby (except for its own gross negligence
or willful misconduct, as determined by the final non-appealable judgment of a court of competent jurisdiction, in connection with its
duties expressly set forth herein), or (b)&nbsp;be responsible in any manner to any Lender or Participant for any recital, statement,
representation or warranty made by any Loan Party or any officer thereof, contained herein or in any other Loan Document, or in any certificate,
report, statement or other document referred to or provided for in, or received by the Administrative Agent or the Collateral Agent under
or in connection with, this Agreement or any other Loan Document, or the validity, effectiveness, genuineness, enforceability or sufficiency
of this Agreement or any other Loan Document, or the perfection or priority of any Lien or security interest created or purported to
be created under the Collateral Documents, or for any failure of any Loan Party or any other party to any Loan Document to perform its
obligations hereunder or thereunder. No Agent-Related Person shall be under any obligation to any Lender or participant to ascertain
or to inquire as to the observance or performance of any of the agreements contained in, or conditions of, this Agreement or any other
Loan Document, or to inspect the properties, books or records of any Loan Party or any Affiliate thereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;9.04&#9;&#8239;&#8239;&nbsp;<U>Reliance
by Agents</U></B>. (a)&nbsp; Each Agent shall be entitled to rely, and shall be fully protected in relying, upon any writing, communication,
signature, resolution, representation, notice, consent, certificate, affidavit, letter, telegram, facsimile, telex or telephone message,
electronic mail message, statement or other document or conversation believed by it to be genuine and correct and to have been signed,
sent or made by the proper Person or Persons, and upon advice and statements of legal counsel (including counsel to any Loan Party),
independent accountants and other experts selected by such Agent. Each Agent shall be fully justified in failing or refusing to take
any action under any Loan Document unless it shall first receive such advice or concurrence of the Required Lenders as it deems appropriate
and, if it so requests, it shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense which
may be incurred by it by reason of taking or continuing to take any such action. Each Agent shall in all cases be fully protected in
acting, or in refraining from acting, under this Agreement or any other Loan Document in accordance with a request or consent of the
Required Lenders (or such greater number of Lenders as may be expressly required hereby in any instance) and such request and any action
taken or failure to act pursuant thereto shall be binding upon all the Lenders.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;For
purposes of determining compliance with the conditions specified in <U>Section&nbsp;4.01</U> or <U>4.02</U> with respect to Credit Extensions
on the Closing Date, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied
with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless
the Administrative Agent shall have received notice from such Lender prior to the proposed Closing Date specifying its objection 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-align: justify; text-indent: 0.5in"><B>Section&nbsp;9.05&#9;&#8239;&#8239;&nbsp;<U>Notice
of Default</U></B>. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default, unless
the Administrative Agent shall have received written notice from a Lender or the Lead Borrower referring to this Agreement, describing
such Default and stating that such notice is a &ldquo;notice of default.&rdquo; The Administrative Agent will notify the Lenders of its
receipt of any such notice. The Administrative Agent shall take such action with respect to any Event of Default as may be directed by
the Required Lenders in accordance with <U>Article&nbsp;VIII</U>; <U>provided</U> that unless and until the Administrative Agent has
received any such direction, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such
action, with respect to such Event of Default as it shall deem advisable or in the best interest 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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;9.06&#9;&#8239;&#8239;&nbsp;<U>Credit
Decision; Disclosure of Information by Agents</U></B>. Each Lender acknowledges that no Agent-Related Person has made any representation
or warranty to it, and that no act by any Agent hereafter taken, including any consent to and acceptance of any assignment or review
of the affairs of any Loan Party or any Affiliate thereof, shall be deemed to constitute any representation or warranty by any Agent-Related
Person to any Lender as to any matter, including whether Agent-Related Persons have disclosed material information in their possession.
Each Lender represents to each Agent that it has, independently and without reliance upon any Agent-Related Person and based on such
documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, prospects, operations,
property, financial and other condition and creditworthiness of the Loan Parties and their Subsidiaries, and all applicable bank or other
regulatory Laws relating to the transactions contemplated hereby, and made its own decision to enter into this Agreement and to extend
credit to the Borrowers hereunder. Each Lender also represents that it will, independently and without reliance upon any Agent-Related
Person and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis,
appraisals and decisions in taking or not taking action under this Agreement and the other Loan Documents, and to make such investigations
as it deems necessary to inform itself as to the business, prospects, operations, property, financial and other condition and creditworthiness
of the Loan Parties. Except for notices, reports and other documents expressly required to be furnished to the Lenders by any Agent herein,
such Agent shall not have any duty or responsibility to provide any Lender with any credit or other information concerning the business,
prospects, operations, property, financial and other condition or creditworthiness of any of the Loan Parties or any of their Affiliates
which may come into the possession of any Agent-Related Person.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;9.07&#9;&#8239;&#8239;&nbsp;<U>Indemnification
of Agents</U></B>. Whether or not the transactions contemplated hereby are consummated, the Lenders shall indemnify upon demand each
Agent-Related Person (to the extent not reimbursed by or on behalf of any Loan Party and without limiting the obligation of any Loan
Party to do so), <U>pro rata</U> (determined as if there were no Defaulting Lenders), and hold harmless each Agent-Related Person from
and against any and all Indemnified Liabilities incurred by it; <U>provided</U> that no Lender shall be liable for the payment to any
Agent-Related Person of any portion of such Indemnified Liabilities resulting from such Agent-Related Person&rsquo;s own gross negligence
or willful misconduct, as determined by the final non-appealable judgment of a court of competent jurisdiction; <U>provided</U> that
no action taken in accordance with the directions of the Required Lenders (or such other number or percentage of the Lenders as shall
be required by the Loan Documents) shall be deemed to constitute gross negligence or willful misconduct for purposes of this <U>Section&nbsp;9.07</U>
provided, further, that any obligation to indemnify an L/C Issuer pursuant to this Section&nbsp;9.07 shall be limited to L/C Issuers
only. In the case of any investigation, litigation or proceeding giving rise to any Indemnified Liabilities, this <U>Section&nbsp;9.07</U>
applies whether any such investigation, litigation or proceeding is brought by any Lender or any other Person. Without limitation of
the foregoing, each Lender shall reimburse each of the Administrative Agent and the Collateral Agent upon demand for its ratable share
(determined as if there were no Defaulting Lenders) of any costs or out-of-pocket expenses (including Attorney Costs) incurred by the
Administrative Agent or the Collateral Agent, as the case may be, in connection with the preparation, execution, delivery, administration,
modification, amendment or enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect
of rights or responsibilities under, this Agreement, any other Loan Document, or any document contemplated by or referred to herein,
to the extent that the Administrative Agent or the Collateral Agent, as the case may be, is not reimbursed for such expenses by or on
behalf of the Loan Parties. The undertaking in this <U>Section&nbsp;9.07</U> shall survive termination of the Aggregate Commitments,
the payment of all other Obligations and the resignation of the Administrative Agent or the Collateral Agent, 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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;9.08&#9;&#8239;&#8239;&nbsp;<U>Agents
in their Individual Capacities</U></B>. DBNY and its Affiliates may make loans to, issue letters of credit for the account of, accept
deposits from, acquire Equity Interests in and generally engage in any kind of banking, trust, financial advisory, underwriting or other
business with the Holdcos, the Borrowers and their respective Affiliates as though DBNY were not the Administrative Agent, the Collateral
Agent or an L/C Issuer hereunder and without notice to or consent of the Lenders. The Lenders acknowledge that, pursuant to such activities,
DBNY or its Affiliates may receive information regarding the Holdcos, the Borrowers or their respective Affiliates (including information
that may be subject to confidentiality obligations in favor of the Holdcos, the Borrowers or such Affiliate) and acknowledge that neither
the Administrative Agent nor the Collateral Agent shall be under any obligation to provide such information to them. With respect to
its Loans, DBNY and its Affiliates shall have the same rights and powers under this Agreement as any other Lender and may exercise such
rights and powers as though it were not the Administrative Agent, the Collateral Agent or an L/C Issuer, and the terms &ldquo;<U>Lender</U>&rdquo;
and &ldquo;<U>Lenders</U>&rdquo; include DBNY in its individual capacity. Any successor to DBNY as the Administrative Agent or the Collateral
Agent shall also have the rights attributed to DBNY under this <U>Section&nbsp;9.08</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;9.09&#9;&#8239;&#8239;&nbsp;<U>Successor
Agents</U></B>. (a)&nbsp; Each of the Administrative Agent and the Collateral Agent may resign as the Administrative Agent or the Collateral
Agent, as applicable, upon thirty (30) days&rsquo; notice to Lenders and the Lead Borrower. Any such resignation by the Administrative
Agent hereunder shall also constitute its resignation as an L/C Issuer, in which case upon the effectiveness of such resignation in accordance
with this <U>Section&nbsp;9.09</U> the resigning Administrative Agent (x)&nbsp;shall not be required to issue any further Letters of
Credit hereunder and (y)&nbsp;shall maintain all of its rights as an L/C Issuer with respect to any Letters of Credit issued by it or
Swing Line Loans made by it, in each case prior to the effective date of such resignation. Such resignation shall take effect upon the
appointment of a successor Administrative Agent pursuant to this <U>Section&nbsp;9.09</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;If
the Administrative Agent or the Collateral Agent resigns under this Agreement, the Required Lenders (i)&nbsp;appoint from among the Lenders
a successor agent for the Lenders hereunder and under the other Loan Documents and (ii)&nbsp;use reasonable efforts to arrange for a
Person or Persons (which may, but shall not be required to be, the new Administrative Agent) that will agree to become an L/C Issuer
hereunder, in each case who shall be a Lender, a commercial bank or a trust company, in each case reasonably acceptable to the Lead Borrower
at all times other than during the existence of an Event of Default under <U>Section&nbsp;8.01(f)</U>&nbsp;or <U>8.01(g)</U>&nbsp;(which
consent of the Lead Borrower shall not be unreasonably withheld or delayed).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;If
no successor agent is appointed prior to the effective date of the resignation of the Administrative Agent or the Collateral Agent, as
applicable, (i)&nbsp;the Administrative Agent or the Collateral Agent, as applicable, may appoint, after consulting with the Lenders
and the Lead Borrower, a successor agent from among the Lenders and (ii)&nbsp;shall use reasonable efforts to arrange for a Person or
Persons (which may, but shall not be required to be, the new Administrative Agent) that will agree to become an L/C Issuer hereunder
the extent the Required Lenders have failed to do the same pursuant to <U>Section&nbsp;9.09(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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Upon
the acceptance of its appointment as successor agent hereunder, the Person acting as such successor agent shall succeed to all the rights,
powers and duties of the retiring Administrative Agent or retiring Collateral Agent, as applicable, and the term &ldquo;<U>Administrative
Agent</U>&rdquo; or &ldquo;<U>Collateral Agent</U>,&rdquo; as applicable, shall mean such successor administrative agent or collateral
agent and/or Supplemental Agent, as the case may be, and the retiring Administrative Agent&rsquo;s or Collateral Agent&rsquo;s, as applicable,
appointment, powers and duties as the Administrative Agent or Collateral Agent shall be terminated. After the retiring Administrative
Agent&rsquo;s or the Collateral Agent&rsquo;s resignation hereunder as the Administrative Agent or Collateral Agent, as applicable, the
provisions of this <U>Article&nbsp;IX</U> and <U>Sections 10.04</U> and <U>10.05</U> shall inure to its benefit as to any actions taken
or omitted to be taken by it while it was the Administrative Agent or Collateral Agent, as applicable, 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; text-align: justify; text-indent: 1in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;If
no successor agent has accepted appointment as the Administrative Agent or the Collateral Agent, as applicable, by the date which is
thirty (30) days following the retiring Administrative Agent&rsquo;s or Collateral Agent&rsquo;s, as applicable, notice of resignation,
the retiring Administrative Agent&rsquo;s or the retiring Collateral Agent&rsquo;s, as applicable, resignation shall nevertheless thereupon
become effective and the Lenders shall perform all of the duties of the Administrative Agent or Collateral Agent, as applicable, hereunder
until such time, if any, as the Required Lenders appoint a successor agent as provided for above.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Upon
the acceptance of any appointment as the Administrative Agent or Collateral Agent hereunder by a successor and upon the execution and
filing or recording of such financing statements, or amendments thereto, and such other instruments or notices, as may be necessary or
desirable, or as the Required Lenders may request, in order to (i)&nbsp;continue the perfection of the Liens granted or purported to
be granted by the Collateral Documents or (ii)&nbsp;otherwise ensure that <U>Section&nbsp;6.11</U> is satisfied, the Administrative Agent
or Collateral Agent, as applicable, shall thereupon succeed to and become vested with all the rights, powers, discretion, privileges,
and duties of the retiring Administrative Agent or Collateral Agent, as applicable, and the retiring Administrative Agent or Collateral
Agent, as applicable, shall be discharged from its duties and obligations under the Loan Documents.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;After
the retiring Administrative Agent&rsquo;s or Collateral Agent&rsquo;s resignation hereunder as the Administrative Agent or the Collateral
Agent, the provisions of this <U>Article&nbsp;IX</U> shall continue in effect for its benefit in respect of any actions taken or omitted
to be taken by it while it was acting as the Administrative Agent or the Collateral Agent, as applicable and the retiring Administrative
Agent and the Collateral Agent, as the case may be, shall remain indemnified to the extent provided in this Agreement and the other Loan
Documents.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;9.10&#9;&#8239;&#8239;&nbsp;<U>Administrative
Agent May&nbsp;File Proofs of Claim</U></B>. In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization,
arrangement, adjustment, judicial management, composition or other judicial proceeding relative to any Loan Party, the Administrative
Agent (irrespective of whether the principal of any Loan or L/C Obligation shall then be due and payable as herein expressed or by declaration
or otherwise and irrespective of whether the Administrative Agent shall have made any demand on either Borrower or the Collateral Agent)
shall be (to the fullest extent permitted by mandatory provisions of applicable Law) entitled and empowered, by intervention in such
proceeding or otherwise:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(i)</TD><TD STYLE="text-align: justify">to file and prove a claim for the whole
                                            amount of the principal and interest owing and unpaid in respect of the Loans, L/C Obligations
                                            and all other Obligations that are owing and unpaid and to file such other documents as may
                                            be necessary or advisable in order to have the claims of the Lenders, the Collateral Agent
                                            and the Administrative Agent (including any claim for the reasonable compensation, expenses,
                                            disbursements and advances of the Lenders, the Collateral Agent and the Administrative Agent
                                            and their respective agents and counsel and all other amounts due the Lenders, the Collateral
                                            Agent and the Administrative Agent under <U>Sections</U> 2.03(h)&nbsp;and (i), <U>2.09</U>
                                            and <U>10.04</U>) allowed in such judicial proceeding; and</TD></TR></TABLE>

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(ii)</TD><TD STYLE="text-align: justify">to collect and receive any monies or other
                                            property payable or deliverable on any such claims and to distribute the same;</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">and any custodian, monitor, curator, receiver,
receiver-manager, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized
by each Lender to make such payments to the Administrative Agent or the Collateral Agent and, in the event that the Administrative Agent
shall consent to the making of such payments directly to the Lenders, to pay to the Administrative Agent or the Collateral Agent any
amount due for the reasonable compensation, expenses, disbursements and advances of the Agents and their respective agents and counsel,
and any other amounts due the Administrative Agent or the Collateral Agent under <U>Sections 2.09</U> and <U>10.04</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Nothing contained herein
shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender any plan
of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or to authorize the Administrative
Agent to vote in respect of the claim of any Lender in any such 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;9.11&#9;&#8239;&#8239;&nbsp;<U>Collateral
and Guaranty Matters</U></B>. Each of the Lenders and each L/C Issuer irrevocably authorize the Administrative Agent and the 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: justify; text-indent: 1in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
enter into and sign for and on behalf of the Lenders as Secured Parties the Collateral Documents for the benefit of the Lenders and the
other Secured 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; text-align: justify; text-indent: 1in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
automatically release any Lien on any property granted to or held by the Administrative Agent or Collateral Agent under any Loan Document
(i)&nbsp;upon termination of the Aggregate Commitments and payment in full of all Obligations (other than contingent indemnification
obligations as to which no claim has been asserted) and the expiration or termination or Cash Collateralization of all Letters of Credit
(other than Letters of Credit that are Cash Collateralized or back-stopped by a letter of credit in form, amount and substance reasonably
satisfactory to the applicable L/C Issuer or a deemed reissuance under another facility as to which other arrangements satisfactory to
the Administrative Agent and the L/C Issuer shall have been made), (ii)&nbsp;at the time the property subject to such Lien is Disposed
or to be Disposed as part of or in connection with any Disposition permitted hereunder or under any other Loan Document to any Person
other than a Loan Party (or, if such transferee is a Loan Party, at the option of the applicable Loan Party, such Lien on such asset
may still be released in connection with the transfer so long as (x)&nbsp;the transferee grants a new Lien to the Administrative Agent
or Collateral Agent on such asset substantially concurrently with the transfer of such asset, (y)&nbsp;the transfer is between parties
organized under the laws of different jurisdictions and at least one of such parties is a Foreign Subsidiary and (z)&nbsp;the priority
of the new Lien is the same as that of the original Lien), (iii)&nbsp;subject to <U>Section&nbsp;10.01</U>, if the release of such Lien
is approved, authorized or ratified in writing by the Required Lenders, (iv)&nbsp;if the property subject to such Lien is owned by a
Guarantor, upon release of such Guarantor from its obligations under its Guaranty pursuant to clause&nbsp;(c)&nbsp;below or (v)&nbsp;if
such property becomes an Excluded Asset;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
release or subordinate any Lien on any property granted to or held by the Administrative Agent or the Collateral Agent under any Loan
Document to the holder of any Lien on such property that is permitted by <U>Section&nbsp;7.01(p)</U>&nbsp;or <U>(r)</U>&nbsp;(in the
case of clause&nbsp;(r), to the extent required by the terms of the obligations secured by such Liens); 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; text-align: justify; text-indent: 1in">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
release any Guarantor from its obligations under the Guaranty as provided in <U>Section&nbsp;11.14</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Upon request by the Administrative
Agent or the Collateral Agent at any time, the Required Lenders will confirm in writing the Administrative Agent&rsquo;s or the Collateral
Agent&rsquo;s authority to release or subordinate its interest in particular types or items of property, or to release any Guarantor
from its obligations under the Guaranty pursuant to this <U>Section&nbsp;9.11</U>. In each case as specified in this <U>Section&nbsp;9.11</U>,
the Administrative Agent or the Collateral Agent will (and each Lender irrevocably authorizes the Administrative Agent and the Collateral
Agent to), at the Borrowers&rsquo; expense, execute and deliver to the applicable Loan Party such documents as the Lead Borrower may
reasonably request to evidence the release or subordination of such item of Collateral from the assignment and security interest granted
under the Collateral Documents, or to evidence the release of such Guarantor from its obligations under the Guaranty, in each case in
accordance with the terms of the Loan Documents and this <U>Section&nbsp;9.11</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;9.12&#9;&#8239;&#8239;&nbsp;<U>[Reserved]</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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;9.13&#9;&#8239;&#8239;&nbsp;<U>Appointment
of Supplemental Agents</U></B>. (a)&nbsp; It is the purpose of this Agreement and the other Loan Documents that there shall be no violation
of any Law of any jurisdiction denying or restricting the right of banking corporations or associations to transact business as agent
or trustee in such jurisdiction. It is recognized that in case of litigation under this Agreement or any of the other Loan Documents,
and in particular in case of the enforcement of any of the Loan Documents, or in case the Administrative Agent or the Collateral Agent
deems that by reason of any present or future Law of any jurisdiction it may not exercise any of the rights, powers or remedies granted
herein or in any of the other Loan Documents or take any other action which may be desirable or necessary in connection therewith, the
Administrative Agent and the Collateral Agent are hereby authorized to appoint an additional individual or institution selected by the
Administrative Agent or the Collateral Agent in its sole discretion as a separate trustee, co-trustee, administrative agent, collateral
agent, administrative sub-agent or administrative co-agent (any such additional individual or institution being referred to herein individually
as a &ldquo;<U>Supplemental Agent</U>&rdquo; and collectively as &ldquo;<U>Supplemental Agents</U>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;In
the event that the Collateral Agent appoints a Supplemental Agent with respect to any Collateral, (i)&nbsp;each and every right, power,
privilege or duty expressed or intended by this Agreement or any of the other Loan Documents to be exercised by or vested in or conveyed
to the Collateral Agent with respect to such Collateral shall be exercisable by and vest in such Supplemental Agent to the extent, and
only to the extent, necessary to enable such Supplemental Agent to exercise such rights, powers and privileges with respect to such Collateral
and to perform such duties with respect to such Collateral, and every covenant and obligation contained in the Loan Documents and necessary
to the exercise or performance thereof by such Supplemental Agent shall run to and be enforceable by either the Collateral Agent or such
Supplemental Agent, and (ii)&nbsp;the provisions of this <U>Article&nbsp;IX</U> and of <U>Sections&nbsp;10.04</U> and <U>10.05</U> that
refer to the Administrative Agent shall inure to the benefit of such Supplemental Agent and all references therein to the Collateral
Agent shall be deemed to be references to the Collateral Agent and/or such Supplemental Agent, as the context may require.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Should
any instrument in writing from any Loan Party be required by any Supplemental Agent so appointed by the Administrative Agent or the Collateral
Agent for more fully and certainly vesting in and confirming to him or it such rights, powers, privileges and duties, such Loan Party
shall execute, acknowledge and deliver any and all such instruments promptly upon request by the Administrative Agent or the Collateral
Agent. In case any Supplemental Agent, or a successor thereto, shall die, become incapable of acting, resign or be removed, all the rights,
powers, privileges and duties of such Supplemental Agent, to the extent permitted by Law, shall vest in and be exercised by the Administrative
Agent until the appointment of a new Supplemental 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-align: justify; text-indent: 0.5in"><B>Section&nbsp;9.14&#9;&#8239;&#8239;&nbsp;<U>[Reserved]</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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;9.15&#9;&#8239;&#8239;&nbsp;<U>Parallel
Debt owed to Collateral Agent</U></B>. (a)&nbsp; Without prejudice to the provisions of <U>Section&nbsp;9.01(k)</U>, each Loan Party
hereby irrevocably and unconditionally undertakes to pay to the Collateral Agent as creditor in its own right and not as a representative
of the other Secured Parties amounts equal to any amounts owing from time to time by that Loan Party to any Secured Party under any Loan
Document as and when those amounts are due for payment under the relevant Loan Document.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Loan Party and the Collateral Agent acknowledge that the obligations of each Loan Party under <U>Section&nbsp;9.15(a)</U>&nbsp;are several
and are separate and independent from, and shall not in any way limit or affect, the corresponding obligations of that Loan Party to
any Secured Party under any Loan Document (its &ldquo;<U>Corresponding Debt</U>&rdquo;) nor shall the amounts for which each Loan Party
is liable under <U>Section&nbsp;9.15(a)</U>&nbsp;(its &ldquo;<U>Parallel Debt</U>&rdquo;) be limited or affected in any way by its Corresponding
Debt; <U>provided</U> 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 1in; text-align: justify; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
Collateral Agent shall not demand payment with regard to the Parallel Debt of each Loan Party to the extent that such Loan Party&rsquo;s
Corresponding Debt has been irrevocably paid or (in the case of guarantee obligations) discharged; 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-align: justify; text-indent: 0.5in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;a
Secured Party shall not demand payment with regard to the Corresponding Debt of each Loan Party to the extent that such Loan Party&rsquo;s
Parallel Debt has been irrevocably paid or (in the case of guarantee obligations) discharged.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;The
Collateral Agent acts in its own name and not as a trustee, and its claims in respect of the Parallel Debt shall not be held on trust.
The Collateral granted under the Loan Documents to the Collateral Agent to secure the Parallel Debt is granted to the Collateral Agent
in its capacity as creditor of the Parallel Debt and shall not be held on trust.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;All
monies received or recovered by the Collateral Agent pursuant to this <U>Section&nbsp;9.15</U>, and all amounts received or recovered
by the Collateral Agent from or by the enforcement of any Collateral 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">&nbsp;</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;&nbsp;Without
limiting or affecting the Collateral Agent&rsquo;s rights against the Loan Parties (whether under this <U>Section&nbsp;9.15</U> or under
any other provision of the Loan Documents), each Loan Party acknowledges 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 1in; text-align: justify; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;nothing
in this <U>Section&nbsp;9.15</U> shall impose any obligation on the Collateral Agent to advance any sum to any Loan Party or otherwise
under any Loan Document, except in its capacity as lender; 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-align: justify; text-indent: 0.5in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;for
the purpose of any vote taken under any Loan Document, the Collateral Agent shall not be regarded as having any participation or commitment
other than those which it has in its capacity as a Lender.</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;10.01&#9;&#8239;&#8239;<U>Amendments</U>,
<U>Etc.</U></B> Except as otherwise set forth in this Agreement, no amendment or waiver of any provision of this Agreement or any other
Loan Document, and no consent to any departure by any Loan Party therefrom, shall be effective unless in writing signed by the Required
Lenders (other than with respect to any amendment or waiver contemplated in <U>Sections 10.01(a)</U>&nbsp;through <U>(i)</U>&nbsp;below,
which shall only require the consent of the Lenders expressly set forth therein and not the Required Lenders) (or by the Administrative
Agent with the written consent of the Required Lenders) and such Loan Party and each such waiver or consent shall be effective only in
the specific instance and for the specific purpose for which given; <U>provided</U> that, no such amendment, waiver or consent shall:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">extend or increase the Commitment of any
                                            Lender without the written consent of each Lender holding such Commitment (it being understood
                                            that a waiver of any condition precedent or of any Default, mandatory prepayment or mandatory
                                            reduction of the Commitments shall not constitute an extension or increase of any Commitment
                                            of any Lender);</TD></TR></TABLE>

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

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

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

<TABLE 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: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">postpone any date scheduled for, or reduce
                                            or forgive the amount of, any payment of principal or interest under <U>Section&nbsp;2.07</U>
                                            or <U>2.08</U> without the written consent of each Lender holding the applicable Obligation
                                            (it being understood that the waiver of (or amendment to the terms of) any mandatory prepayment
                                            of the Term Loans shall not constitute a postponement of any date scheduled for the payment
                                            of principal or interest);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">reduce or forgive the principal of, or
                                            the rate of interest specified herein on, any Loan or L/C Borrowing, or (subject to clause&nbsp;(iii)&nbsp;of
                                            the second proviso to this <U>Section&nbsp;10.01</U>) any fees or other amounts payable hereunder
                                            or under any other Loan Document (or extend the timing of payments of such fees or other
                                            amounts) without the written consent of each Lender holding such Loan or L/C Borrowing or
                                            to whom such fee or other amount is owed; <U>provided</U> that, only the consent of the Required
                                            Lenders shall be necessary to amend the definition of &ldquo;Default Rate&rdquo; or to waive
                                            any obligation of the Borrowers to pay interest at the Default Rate;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.5in">(iv)</TD><TD STYLE="text-align: justify">change any provision of this <U>Section&nbsp;10.01</U>,
                                            the definition of &ldquo;Required Lenders,&rdquo; &ldquo;Required Class&nbsp;Lenders,&rdquo;
                                            or &ldquo;Pro Rata Share,&rdquo; <U>Section&nbsp;2.06</U>, <U>2.12(a)</U>, <U>2.12(g)</U>,
                                            <U>2.13</U> or <U>8.03</U> without the written consent of each Lender directly affected thereby;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.5in">(v)</TD><TD STYLE="text-align: justify">other than in connection with a transaction
                                            permitted under <U>Section&nbsp;7.04</U> or <U>7.05</U>, release all or substantially all
                                            of the Collateral in any transaction or series of related transactions, without the written
                                            consent of each Lender;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.5in">(vi)</TD><TD STYLE="text-align: justify">other than in connection with a transaction
                                            permitted under <U>Section&nbsp;7.04</U> or <U>7.05</U>, release all or substantially all
                                            of the aggregate value of the Guarantees, without the written consent of each Lender;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.5in">(vii)</TD><TD STYLE="text-align: justify">change the currency in which any Loan
                                            is denominated without the written consent of each Lender holding such Loans;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.5in">(viii)</TD><TD STYLE="text-align: justify">[reserved]; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.5in">(ix)</TD><TD STYLE="text-align: justify">[reserved];</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">and <U>provided further</U> that (i)&nbsp;no
amendment, waiver or consent shall, unless in writing and signed by each L/C Issuer in addition to the Lenders required above, affect
the rights or duties of an L/C Issuer under this Agreement or any Request for L/C Issuance relating to any Letter of Credit issued or
to be issued by it; <U>provided</U>, <U>however</U>, that this Agreement may be amended to adjust the mechanics related to the issuance
of Letters of Credit, including mechanical changes relating to the existence of multiple L/C Issuers, with only the written consent of
the Administrative Agent, the applicable L/C Issuer and each Borrower and (ii)&nbsp;no amendment, waiver or consent shall, unless in
writing and signed by the Administrative Agent or the Collateral Agent, as applicable, in addition to the Lenders required above, affect
the rights or duties of, or any fees or other amounts payable to, the Administrative Agent or the Collateral Agent, as applicable, under
this Agreement or any other Loan Document; and (iv)&nbsp;<U>Section&nbsp;10.07(j)</U>&nbsp;may not be amended, waived or otherwise modified
without the consent of each Granting Lender all or any part of whose Loans are being funded by an SPC at the time of such amendment,
waiver or other modification.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Notwithstanding anything
to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder
(and any amendment, waiver or consent which by its terms requires the consent of all Lenders or each affected Lender may be effected
with the consent of the applicable Lenders other than Defaulting Lenders), except that the Commitment of such Lender may not be increased
or extended without the consent of such Lender (it being understood that any Commitments or Loans held or deemed held by any Defaulting
Lender shall be excluded for a vote of the Lenders hereunder requiring any consent 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-align: justify; text-indent: 0.5in">Notwithstanding anything
to the contrary contained in this <U>Section&nbsp;10.01</U>, guarantees, collateral security documents and related documents executed
by Subsidiaries in connection with this Agreement may be in a form reasonably determined by the Administrative Agent and may be, together
with this Agreement, amended, supplemented and waived with the consent of the Administrative Agent and/or the Collateral Agent, as the
case may be, at the request of the Lead Borrower without the need to obtain the consent of any other Lender if such amendment, supplement
or waiver (i)&nbsp;is of a technical nature (including curing any ambiguities, omissions, mistakes or defects) and/or is, in the judgment
of the Collateral Agent, required by applicable local law on the advice of local counsel, in the interests of the Secured Parties or
(in the case of any non-U.S. Collateral Documents) necessary or desirable to preserve, maintain, perfect and/or protect the security
interests purported to the granted by the respective non-U.S. Collateral Documents or (ii)&nbsp;to cause such guarantee, collateral security
document or other document to be consistent with this Agreement and the other Loan Documents, <U>provided</U>, that any section in a
Collateral Document providing for a governing law and/or a jurisdiction different from <U>Section&nbsp;10.15</U> shall not be deemed
a conflict of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">If the Administrative Agent
and the Lead Borrower shall have jointly identified an obvious error (including, but not limited to, an incorrect cross-reference) or
any error or omission of a technical or immaterial nature, in each case, in any provision of this Agreement or any other Loan Document
(including, for the avoidance of doubt, any exhibit, schedule or other attachment to any Loan Document), then the Administrative Agent
(acting in its sole discretion) and the Borrowers or any other relevant Loan Party shall be permitted to amend such provision and such
amendment shall become effective without any further action or consent of any other party to any Loan Document. Notification of such
amendment shall be made by the Administrative Agent to the Lenders promptly upon such amendment becoming 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;10.02&#9;&#8239;&#8239;&nbsp;<U>Notices
and Other Communications; Facsimile Copies</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: justify; text-indent: 1in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;<U>General</U>.
Unless otherwise expressly provided herein, all notices and other communications provided for hereunder or under any other Loan Document
shall be in writing (including by facsimile transmission). All such written notices shall be mailed, faxed or delivered to the applicable
address, facsimile number or electronic mail address, and all notices and other communications expressly permitted hereunder to be given
by telephone shall be made to the applicable telephone number, as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;if
to any Holdco, any Borrower or the Administrative Agent, the Collateral Agent or an L/C Issuer to the address, facsimile number, electronic
mail address or telephone number specified for such Person on <U>Schedule 10.02</U> or to such other address, facsimile number, electronic
mail address or telephone number as shall be designated by such party in a notice to the other parties; 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 1in; text-align: justify; text-indent: 0.5in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;if
to any other Lender, to the address, facsimile number, electronic mail address or telephone number specified in its Administrative Questionnaire
or to such other address, facsimile number, electronic mail address or telephone number as shall be designated by such party in a notice
to the Lead Borrower and the Administrative Agent, the Collateral Agent and an L/C Issuer.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">All such notices and other communications shall
be deemed to be given or made upon the earlier to occur of (i)&nbsp;actual receipt by the relevant party hereto and (ii)&nbsp;(A)&nbsp;if
delivered by hand or by courier, when signed for by or on behalf of the relevant party hereto; (B)&nbsp;if delivered by mail to a party
in (x)&nbsp;Asia, eight (8)&nbsp;Business Days after deposit in the mails, postage prepaid or (y)&nbsp;any other location, four (4)&nbsp;Business
Days after deposit in the mails, postage prepaid; (C)&nbsp;if delivered by facsimile, when sent and receipt has been confirmed by telephone;
and (D)&nbsp;if delivered by electronic mail (which form of delivery is subject to the provisions of <U>Section&nbsp;10.02(c)</U>), when
delivered; <U>provided</U> that notices and other communications to the Administrative Agent, the Collateral Agent, and an L/C Issuer
pursuant to <U>Article&nbsp;II</U> shall not be effective until actually received by such Person. In no event shall a voice mail message
be effective as a notice, communication or confirmation hereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;<U>Effectiveness
of Facsimile Documents and Signatures</U>. Loan Documents may be transmitted and/or signed by facsimile or other electronic communication.
The effectiveness of any such documents and signatures shall, subject to applicable Law, have the same force and effect as manually signed
originals and shall be binding on all Loan Parties, the Agents and the Lenders.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;<U>Reliance
by Agents and Lenders</U>. The Administrative Agent, the Collateral Agent and the Lenders shall be entitled to rely and act upon any
notices (including telephonic Committed Loan Notices) purportedly given by or on behalf of any Holdco or any Borrower even if (i)&nbsp;such
notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified
herein, or (ii)&nbsp;the terms thereof, as understood by the recipient, varied from any confirmation thereof. Each Borrower shall indemnify
each Agent-Related Person and each Lender from all losses, costs, expenses and liabilities resulting from the reliance by such Person
on each notice purportedly given by or on behalf of any Holdco or either Borrower in the absence of gross negligence or willful misconduct
of such Agent-Related Person as determined in a final and non-appealable judgment by a court of competent jurisdiction. All telephonic
notices to the Administrative Agent or Collateral Agent may be recorded by the Administrative Agent or the Collateral Agent, and each
of the parties hereto hereby consents to such 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;10.03&#9;&#8239;&#8239;&nbsp;<U>No
Waiver; Cumulative Remedies</U></B>. No failure by any Lender, the Administrative Agent or the Collateral Agent to exercise, and no delay
by any such Person in exercising, any right, remedy, power or privilege hereunder or under any other Loan Document shall operate as a
waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further
exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided,
and provided under each other Loan Document, are cumulative and not exclusive of any rights, remedies, powers and privileges provided
by Law.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;10.04&#9;&#8239;&#8239;<U>Attorney
Costs and Expenses</U></B>. Each Holdco and each Borrower jointly and severally agrees (a)&nbsp;to pay or reimburse the Ad Hoc Group&rsquo;s
Advisors, Administrative Agent, the Collateral Agent the Lenders party to this Agreement on the Closing Date for all reasonable out-of-pocket
costs and expenses incurred in connection with the preparation, negotiation, syndication and execution of this Agreement and the other
Loan Documents, and any amendment, waiver, consent or other modification of the provisions hereof and thereof (whether or not the transactions
contemplated thereby are consummated), and the consummation and administration of the transactions contemplated hereby and thereby (including
all Attorney Costs of counsel to the Ad Hoc Group, which shall be limited to Paul Hastings LLP and all Attorney Costs of one counsel
to the Administrative Agent and Collateral Agent, which shall be limited to White&nbsp;&amp; Case LLP (and one local and specialist counsel
in each applicable jurisdiction for each group and, in the event of a conflict of interest, one additional counsel of each type to the
affected parties)) and (b)&nbsp;to pay or reimburse the Ad Hoc Group&rsquo;s Advisors, the Administrative Agent, the Collateral Agent,
and each Lender for all reasonable and documented out-of-pocket costs and expenses incurred in connection with the enforcement (whether
through negotiations, legal proceedings or otherwise) of any rights or remedies under this Agreement or the other Loan Documents (including
all such costs and expenses incurred during any legal proceeding, including any proceeding under any Debtor Relief Law, and including
all Attorney Costs, which shall be limited to Attorney Costs of one counsel to the Administrative Agent and Collateral Agent, which shall
be limited to White&nbsp;&amp; Case LLO and one counsel to the Ad Hoc Group, which shall be limited to Paul Hastings LLP (and one local
counsel in each applicable jurisdiction for each group and, in the event of any conflict of interest, one additional counsel of each
type to the affected parties)). The foregoing costs and expenses shall include all reasonable search, filing, recording and title insurance
charges and fees related thereto, and other reasonable out-of-pocket expenses incurred by any Agent. The agreements in this <U>Section&nbsp;10.04</U>
shall survive the termination of the Aggregate Commitments and repayment of all other Obligations. Subject to the DIP Orders, all amounts
due under this <U>Section&nbsp;10.04</U> shall be paid within ten (10)&nbsp;Business Days of receipt by the Lead Borrower of an invoice
relating thereto setting forth such expenses in reasonable detail; <U>provided</U> that, with respect to the Closing Date all amounts
due under this <U>Section&nbsp;10.04</U> shall be paid on the Closing Date to the extent invoiced to the Lead Borrower within one (1)&nbsp;Business
Day of the Closing Date. If any Loan Party fails to pay when due any costs, expenses or other amounts payable by it hereunder or under
any Loan Document, such amount may be paid on behalf of such Loan Party by the Administrative Agent in its sole discretion. Notwithstanding
anything to the contrary contained herein or in any other Loan Document, none of Holdings, the Borrowers nor any Subsidiary shall be
required to reimburse any expenses associated with the pursuit of litigation against the Borrowers or any other Person in connection
with or related to the Transactions or the transactions related thereto other than any expenses incurred by the Administrative Agent
and the 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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;10.05&#9;&#8239;&#8239;&nbsp;<U>Indemnification</U></B>.
Each Holdco and each Borrower shall, jointly and severally, indemnify and hold harmless each Agent-Related Person, each Arranger, each
L/C Issuer, each Lender and their respective Affiliates, and directors, officers, employees, counsel, agents, trustees, investment advisors
and attorneys-in-fact of each of the foregoing (collectively the &ldquo;<U>Indemnitees</U>&rdquo;) from and against any and all liabilities,
obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses and disbursements (including Attorney
Costs, which shall be limited to Attorney Costs of one counsel to the Administrative Agent (and one local counsel in each applicable
jurisdiction for each group and, in the event of any conflict of interest, one additional counsel of each type to the affected parties))
of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way
relating to or arising out of or in connection with (a)&nbsp;the execution, delivery, enforcement, performance or administration of any
Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the
consummation of the transactions contemplated thereby, (b)&nbsp;any Commitment, Loan or Letter of Credit or the use or proposed use of
the proceeds therefrom including any refusal by an L/C Issuer to honor a demand for payment under a Letter of Credit if the documents
presented in connection with such demand do not strictly comply with the terms of such Letter of Credit, (c)&nbsp;any actual or alleged
presence or Release of Hazardous Materials at, on, under or from any property or facility currently or formerly owned, leased or operated
by the Loan Parties or any Subsidiary, or any Environmental Liability related in any way to any Loan Parties or any Subsidiary, (d)&nbsp;the
payment or recovery of an amount in connection with the Loan Documents in a currency other than the currency required under the Loan
Document or (e)&nbsp;any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether
based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened
claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (a &ldquo;<U>Proceeding</U>&rdquo;)
or whether or not such Proceeding is brought by any Holdco, Borrower or any other Person (all the foregoing, collectively, the &ldquo;<U>Indemnified
Liabilities</U>&rdquo;) in all cases, whether or not caused by or arising, in whole or in part, out of the negligence of the Indemnitee;
<U>provided</U> that, notwithstanding the foregoing, such indemnity shall not, as to any Indemnitee, be available to the extent that
such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements
resulted from the gross negligence or willful misconduct of such Indemnitee or of any affiliate, director, officer, employee, counsel,
agent or attorney-in-fact of such Indemnitee, as determined by the final non-appealable judgment of a court of competent jurisdiction.
No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks
or other similar information transmission systems in connection with this Agreement, nor shall any Indemnitee or the Lead Borrower or
any Subsidiary have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other
Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other
than, in the case of a Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party, or which are included
in a third-party claim, and for any reasonable out-of-pocket expenses related thereto). In the case of an investigation, litigation or
other proceeding to which the indemnity in this <U>Section&nbsp;10.05</U> applies, such indemnity shall be effective whether or not such
investigation, litigation or proceeding is brought by any Loan Party, any Subsidiary of any Loan Party, any Loan Party&rsquo;s directors,
stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether
or not any of the transactions contemplated hereunder or under any of the other Loan Documents are consummated. All amounts due under
this <U>Section&nbsp;10.05</U> shall be paid within ten (10)&nbsp;Business Days after demand therefor; <U>provided</U><I>, </I><U>however</U><I>,</I>
that such Indemnitee shall promptly refund such amount to the extent that there is a final judicial or arbitral determination that such
Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this <U>Section&nbsp;10.05</U>.
The agreements in this <U>Section&nbsp;10.05</U> shall survive the resignation of the Administrative Agent or the Collateral Agent, the
replacement of any Lender, the termination of the Aggregate Commitments and the repayment, satisfaction or discharge of all the other
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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;10.06&#9;&#8239;&#8239;&nbsp;<U>Payments
Set Aside</U></B>. To the extent that any payment by or on behalf of the Borrowers is made to any Agent or any Lender, or any Agent or
any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated,
declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or
such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor
Relief Law or otherwise, then (a)&nbsp;to the extent of such recovery, the obligation or part thereof originally intended to be satisfied
shall, to the fullest extent possible under provisions of applicable Law, be revived and continued in full force and effect as if such
payment had not been made or such setoff had not occurred, and (b)&nbsp;each Lender severally agrees to pay to the Administrative Agent
upon demand its applicable share of any amount so recovered from or repaid by any Agent, <U>plus</U> interest thereon from the date of
such demand to the date such payment is made at a rate per annum equal to the applicable Federal Funds Rate from time to time in effect.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;10.07&#9;&#8239;&#8239;&nbsp;<U>Successors
and Assigns</U></B>. (a)&nbsp; The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto
and their respective successors and assigns permitted hereby, except that neither any Holdco nor any Borrower may assign or otherwise
transfer any of its rights or obligations hereunder without the prior written consent of each Lender and no Lender may assign or otherwise
transfer any of its rights or obligations hereunder except (i)&nbsp;to an Assignee pursuant to an assignment made in accordance with
the provisions of <U>Section&nbsp;10.07(b)</U>&nbsp;(such an assignee, an &ldquo;<U>Eligible Assignee</U>&rdquo;), (ii)&nbsp;by way of
participation in accordance with the provisions of <U>Section&nbsp;10.07(e)</U>, (iii)&nbsp;by way of pledge or assignment of a security
interest subject to the restrictions of <U>Section&nbsp;10.07(g)</U>&nbsp;or (iv)&nbsp;to an SPC in accordance with the provisions of
<U>Section&nbsp;10.07(h)</U>&nbsp;(and any other attempted assignment or transfer by any party hereto shall be null and void); <U>provided</U>,
<U>however</U>, that notwithstanding the foregoing, no Lender may assign or transfer by participation any of its rights or obligations
hereunder to (i)&nbsp;any Person that is a Defaulting Lender, (ii)&nbsp;a natural Person or (iii)&nbsp;[reserved]. Nothing in this Agreement,
expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns
permitted hereby, Participants to the extent provided in <U>Section&nbsp;10.07(e)</U>&nbsp;and, to the extent expressly contemplated
hereby, the Indemnitees) any legal or equitable right, remedy or claim under or by reason of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#9;&#8239;&#8239;&#8239;&#8239;&nbsp;(i)&#9;&#8239;&#8239;&#8239;&#8239;&nbsp;Subject
to the conditions set forth in clause&nbsp;(b)(ii)&nbsp;below, any Lender may assign to one or more assignees (&ldquo;<U>Assignees</U>&rdquo;)
all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the
time owing to it) with the prior written consent (such consent not to be unreasonably withheld, delayed or conditioned) 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 1in; text-align: justify; text-indent: 1in">(A)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
Lead Borrower, <U>provided</U> that no consent of the Lead Borrower shall be required for (i)&nbsp;an assignment to a Lender, an Affiliate
of a Lender or an Approved Fund or (ii)&nbsp;an assignment if an Event of Default has occurred and is continuing; <U>provided</U> that
the Lead Borrower shall be deemed to have consented to any such assignment unless it shall have objected thereto by written notice to
the Administrative Agent within ten (10)&nbsp;Business Days after having received notice 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 1in; text-align: justify; text-indent: 1in">(B)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
Administrative Agent, <U>provided</U> that no consent of the Administrative Agent shall be required for an assignment (i)&nbsp;of all
or any portion of a Loan to a Lender, an Affiliate of a Lender or an Approved Fund or (ii)&nbsp;to an Agent or an Affiliate of an Agent;
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-align: justify; text-indent: 1in">(C)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;each
L/C Issuer, provided that no consent of an L/C Issuer shall be required for any assignment not related to L/C Commitments.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;assignments
shall be subject to the following additional conditions:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 1in">(A)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;except
in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund or an assignment of the entire remaining amount
of the assigning Lender&rsquo;s Commitment or Loans of any Class, the amount of the Commitment or Loans of the assigning Lender subject
to each such assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the
Administrative Agent) shall not be less than an amount of $1,000,000 (in the case of a Term Loan), unless each of the Lead Borrower and
the Administrative Agent otherwise consents, <U>provided</U> that such amounts shall be aggregated in respect of each Lender and its
Affiliates or Approved Funds, if any;</P>

<P STYLE="font: 10pt Times New Roman, 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 1in; text-align: justify; text-indent: 1in">(B)&#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 an Assignment and Assumption, together with a processing
and recordation fee of $3,500 (unless such fee is waived by the Administrative Agent); <U>provided</U> that only one such fee shall be
payable in the event of simultaneous assignments to or from two or more Approved Funds;</P>

<P STYLE="font: 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-align: justify; text-indent: 1in">(C)&#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; 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-align: justify; text-indent: 1in">(D)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
Assignee, if not a party to the Restructuring Support Agreement, shall execute a joinder to the Restructuring Support Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This clause&nbsp;(b)&nbsp;shall
not prohibit any Lender from assigning all or a portion of its rights and obligations among separate Facilities on a non-<U>pro rata</U>
basis among such Facilities.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In connection with any assignment
of rights and obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to
the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the Administrative
Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee
of participations or subparticipations, or other compensating actions, including funding, with the consent of the Lead Borrower and the
Administrative Agent, the applicable Pro Rata Share of Loans previously requested but not funded by the Defaulting Lender, to each of
which the applicable assignee and assignor hereby irrevocably consent), to (x)&nbsp;pay and satisfy in full all payment liabilities then
owed by such Defaulting Lender to the Administrative Agent or any Lender hereunder (and interest accrued thereon) and (y)&nbsp;acquire
(and fund as appropriate) its full Pro Rata Share of all Loans in accordance with its Pro Rata Share. Notwithstanding the foregoing,
in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable
Law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender
for all purposes of this Agreement until such compliance occurs.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Subject
to acceptance and recording thereof by the Administrative Agent pursuant to <U>Section&nbsp;10.07(d)</U>, from and after the effective
date specified in each Assignment and Assumption, the Eligible Assignee thereunder shall be a party to this Agreement and, to the extent
of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the
assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations
under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender&rsquo;s rights and obligations
under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of <U>Sections 3.01</U>,
<U>3.04</U>, <U>3.05</U>, <U>10.04</U> and <U>10.05</U> with respect to facts and circumstances occurring prior to the effective date
of such assignment). Upon request, and the surrender by the assigning Lender of its Note, the relevant Borrowers (at their expense) shall
execute and deliver a Note to the assignee Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement
that does not comply with this clause&nbsp;(c)&nbsp;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 <U>Section&nbsp;10.07(e)</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; text-align: justify; text-indent: 1in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Administrative Agent, acting solely for this purpose as an agent of the Borrowers, shall maintain at the Administrative Agent&rsquo;s
Office a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the
Lenders, and the Commitments of, and principal amounts (and related interest amounts) of the Loans, L/C Obligations (specifying the Unreimbursed
Amounts), L/C Borrowings and the amounts due under <U>Section&nbsp;2.03</U>, to, each Lender pursuant to the terms hereof from time to
time (the &ldquo;<U>Register</U>&rdquo;). The entries in the Register shall be conclusive, absent manifest error, and the Borrowers,
the Agents 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. Upon its receipt of a duly completed Assignment and Assumption
executed by an assigning Lender and an Assignee, an Administrative Questionnaire completed in respect of the Assignee (if applicable
and unless the Assignee shall already be a Lender hereunder), the processing and recordation fee referred to in <U>Section&nbsp;10.07(b)(ii)(B)</U>&nbsp;above
(if applicable) and, if required, the written consent of the Lead Borrower and the Administrative Agent to such assignment, the Administrative
Agent shall (i)&nbsp;accept such Assignment and Assumption and (ii)&nbsp;record the information contained therein in the Register.&nbsp;
No assignment shall be effective unless it has been recorded in the Register as provided in this paragraph. The Register shall be available
for inspection by the Borrowers, any Agent 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">&nbsp;</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;Any
Lender may at any time sell participations to any Person (other than a natural person or a Defaulting Lender) (each, a &ldquo;<U>Participant</U>&rdquo;)
in all or a portion of such Lender&rsquo;s rights and/or obligations under this Agreement (including all or a portion of its Commitment
and/or the Loans owing to it); <U>provided</U> that (i)&nbsp;such Lender&rsquo;s obligations under this Agreement shall remain unchanged,
(ii)&nbsp;such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii)&nbsp;the
Borrowers, the Agents and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender&rsquo;s
rights and obligations under this Agreement. Any agreement or instrument pursuant to which a Lender sells such a participation shall
provide that such Lender shall retain the sole right to enforce this Agreement and the other Loan Documents and to approve any amendment,
modification or waiver of any provision of this Agreement or the other 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, waiver or other modification described
in clauses&nbsp;(a)&nbsp;through (f)&nbsp;of the first proviso to <U>Section&nbsp;10.01</U> that requires the affirmative vote of such
Lender. Subject to <U>Section&nbsp;10.07(f)</U>, the Borrowers agree that each Participant shall be entitled to the benefits of <U>Sections
3.01</U>, <U>3.04</U> and <U>3.05</U> (subject to the requirements and limitations of such Sections) to the same extent as if it were
a Lender and had acquired its interest by assignment pursuant to <U>Section&nbsp;10.07(c)</U>. To the extent permitted by applicable
Law, each Participant also shall be entitled to the benefits of <U>Section&nbsp;10.09</U> as though it were a Lender; <U>provided</U>
that such Participant agrees to be subject to <U>Section&nbsp;2.13</U> as though it were a Lender. Each Lender that sells a participation
shall, acting solely for this purpose as a non-fiduciary agent of the Borrowers, maintain a register on which it enters the name and
address of each Participant and the principal amounts (and stated interest) of each Participant&rsquo;s interest in the Loans or other
obligations under the Loan Documents (the &ldquo;<U>Participant Register</U>&rdquo;). The entries in the Participant Register shall be
conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner
of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. No Lender shall have any obligation
to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to
a Participant&rsquo;s interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any
Person, except that the portion of any Participant Register relating to any Participant or SPC requesting payment from a Borrower or
seeking to exercise its rights under <U>Section&nbsp;10.09</U> shall be available for inspection by the Lead Borrower upon reasonable
request to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation
is in registered form under Section&nbsp;5f.103-1(c)&nbsp;of the United States Treasury Regulations or as is otherwise required thereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;A
Participant shall not be entitled to receive any greater payment under <U>Sections&nbsp;3.01</U>, <U>3.04</U> and <U>3.05</U> than the
applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of
the participation to such Participant is made with the Lead Borrower&rsquo;s prior written consent, not to be unreasonably withheld or
delayed (it being understood the Lead Borrower shall have a reasonable basis for withholding consent if such Participant would result
in materially increased indemnification obligation to the Lead Borrower 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; text-align: justify; text-indent: 1in">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Any
Lender may, without the consent of the Lead Borrower or the Administrative Agent, at any time pledge or assign a security interest in
all or any portion of its rights under this Agreement (including under its Note, if any) to secure obligations of such Lender, including
any pledge or assignment to secure obligations to a Federal Reserve Bank or other central bank having jurisdiction over it; <U>provided</U>
that no such pledge or assignment shall release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee
for such Lender as a party hereto.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Luxembourg Loan Parties hereby expressly accept and confirm, for the purposes of Article&nbsp;1278 of the Luxembourg Civil Code that,
notwithstanding any assignment, amendment, novation or transfer of any kind permitted under, and made in accordance with, the provisions
of this Agreement or any agreement referred to herein to which a Luxembourg Loan Party is a party (including any Security Agreement),
any security interest created under such agreement shall continue in full force and effect to the benefit of each new Lender. Each other
Luxembourg Loan Party hereby accepts and confirms the above.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Loan Parties organized under Belgian law hereby expressly accept and confirm, for the purposes of Article&nbsp;1278 of the Belgian Civil
Code, that, notwithstanding any novation permitted under this Agreement or any agreement referred to herein, any security interest created
under such agreement shall continue in full force and effect to the benefit of each new Lender.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(j)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Notwithstanding
anything to the contrary contained herein, any Lender (a &ldquo;<U>Granting Lender</U>&rdquo;) may grant to a special purpose funding
vehicle identified as such in writing from time to time by the Granting Lender to the Administrative Agent and the Lead Borrower (an
 &ldquo;<U>SPC</U>&rdquo;) the option to provide all or any part of any Loan that such Granting Lender would otherwise be obligated to
make pursuant to this Agreement; <U>provided</U> that (i)&nbsp;nothing herein shall constitute a commitment by any SPC to fund any Loan,
(ii)&nbsp;if an SPC elects not to exercise such option or otherwise fails to make all or any part of such Loan, the Granting Lender shall
be obligated to make such Loan pursuant to the terms hereof and (iii)&nbsp;such SPC and the applicable Loan or any applicable part thereof,
shall be appropriately reflected in the Participant Register. Each party hereto hereby agrees that (i)&nbsp;an SPC shall be entitled
to the benefit of <U>Sections 3.01</U>, <U>3.04</U> and <U>3.05</U> (subject to the requirements and the limitations of such Sections),
but neither the grant to any SPC nor the exercise by any SPC of such option shall increase the costs or expenses or otherwise increase
or change the obligations of the Borrowers under this Agreement except in the case of <U>Section&nbsp;3.01</U>, to the extent that the
grant to the SPC was made with the prior written consent of the Lead Borrower (not to be unreasonably withheld or delayed; for the avoidance
of doubt, the Lead Borrower shall have reasonable basis for withholding consent if an exercise by SPC immediately after the grant would
result in materially increased indemnification obligation to a Borrower at such time), (ii)&nbsp;no SPC shall be liable for any indemnity
or similar payment obligation under this Agreement for which a Lender would be liable, and (iii)&nbsp;the Granting Lender shall for all
purposes, including the approval of any amendment, waiver or other modification of any provision of any Loan Document, remain the lender
of record hereunder. The making of a Loan by an SPC hereunder shall utilize the Commitment of the Granting Lender to the same extent,
and as if, such Loan were made by such Granting Lender. Notwithstanding anything to the contrary contained herein, any SPC may (i)&nbsp;with
notice to, but without prior consent of the Lead Borrower and the Administrative Agent and with the payment of a processing fee of $3,500,
assign all or any portion of its right to receive payment with respect to any Loan to the Granting Lender and (ii)&nbsp;disclose on a
confidential basis any non-public information relating to its funding of Loans to any rating agency, commercial paper dealer or provider
of any surety or Guarantee or credit or liquidity enhancement to such SPC.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(k)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Notwithstanding
anything to the contrary contained herein, without the consent of the Lead Borrower or the Administrative Agent, (1)&nbsp;any Lender
may in accordance with applicable Law create a security interest in all or any portion of the Loans owing to it and the Notes, if any,
held by it and (2)&nbsp;any Lender that is a Fund may create a security interest in all or any portion of the Loans owing to it and the
Notes, if any, held by it to the trustee for holders of obligations owed, or securities issued, by such Fund as security for such obligations
or securities; <U>provided</U> that unless and until such trustee actually becomes a Lender in compliance with the other provisions of
this <U>Section&nbsp;10.07</U>, (i)&nbsp;no such pledge shall release the pledging Lender from any of its obligations under the Loan
Documents and (ii)&nbsp;such trustee shall not be entitled to exercise any of the rights of a Lender under the Loan Documents even though
such trustee may have acquired ownership rights with respect to the pledged interest through foreclosure or otherwise.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(l)&#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">&nbsp;</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;[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-align: justify; text-indent: 1in">(n)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;In
the case of any Term Loans acquired by, or contributed to, the Borrowers pursuant to this <U>Section&nbsp;10.07(n)</U>, (x)&nbsp;the
aggregate outstanding principal amount of the Term Loans of the applicable Class&nbsp;shall be deemed reduced by the full par value of
the aggregate principal amount of such Term Loans acquired by, or contributed to, the Borrowers and (y)&nbsp;any scheduled principal
repayment installments with respect to the Term Loans of such Class&nbsp;occurring pursuant to <U>Section&nbsp;2.07</U>, prior to the
final maturity date for Term Loans of such Class, shall be reduced pro rata by the par value of the aggregate principal amount of Term
Loans so purchased or contributed (and subsequently cancelled and retired), with such reduction being applied solely to the remaining
Term Loans of the Lenders which sold or contributed such Term Loans.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;10.08&#9;&#8239;&#8239;&nbsp;<U>Confidentiality</U></B>.
Each of the Agents and the Lenders agrees to maintain the confidentiality of the Information, except that Information may be disclosed
(a)&nbsp;to its Affiliates and its and its Affiliates&rsquo; managers, administrators, directors, officers, employees, trustees, partners,
investors, investment advisors and agents, including accountants, legal counsel and other 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)&nbsp;to the extent requested by any Governmental Authority or self regulatory authority having or asserting jurisdiction
over such Person (including any Governmental Authority regulating any Lender or its Affiliates); (c)&nbsp;to the extent required by applicable
Laws or regulations or by any subpoena or similar legal process; (d)&nbsp;to any other party to this Agreement; (e)&nbsp;subject to an
agreement containing provisions substantially the same as those of this <U>Section&nbsp;10.08</U> (or as may otherwise be reasonably
acceptable to the Lead Borrower), to any pledgee referred to in <U>Section&nbsp;10.07(g)</U>, counterparty to a Swap Contract, Eligible
Assignee of or Participant in, or any prospective Eligible Assignee of or Participant in any of its rights or obligations under this
Agreement; (f)&nbsp;with the written consent of the Lead Borrower; (g)&nbsp;to the extent such Information becomes publicly available
other than as a result of a breach of this <U>Section&nbsp;10.08</U> or becomes available to the Administrative Agent, any Arranger,
any Lender, any L/C Issuer or any of their respective Affiliates on a nonconfidential basis from a source other than a Loan Party or
its related parties (so long as such source is not known to the Administrative Agent, such Arranger, such Lender, such L/C Issuer or
any of their respective Affiliates to be bound by confidentiality obligations to any Loan Party); (h)&nbsp;to any Governmental Authority
or examiner (including the National Association of Insurance Commissioners or any other similar organization) regulating any Lender;
(i)&nbsp;to any rating agency when required by it (it being understood that, prior to any such disclosure, such rating agency shall undertake
to preserve the confidentiality of any Information relating to Loan Parties and their Subsidiaries received by it from such Lender) or
to the CUSIP Service Bureau or any similar organization; (j)&nbsp;to the extent such information is independently developed by any Agent
or any Arranger or (k)&nbsp;in connection with the exercise of any remedies hereunder, under any other Loan Document or the enforcement
of its rights hereunder or thereunder. In addition, the Agents, and the Lenders may disclose the existence of this Agreement and publicly
available information about this Agreement to market data collectors, similar service providers to the lending industry, and service
providers to the Agents, and the Lenders in connection with the administration and management of this Agreement, the other Loan Documents,
the Commitments, and the Credit Extensions. For the purposes of this <U>Section&nbsp;10.08</U>, &ldquo;<U>Information</U>&rdquo; means
all information received from the Loan Parties relating to any Loan Party, its Affiliates or its Affiliates&rsquo; directors, officers,
employees, trustees, investment advisors or agents, relating to the Holdcos, the Lead Borrower or any of their Subsidiaries or its business,
other than any such information that is publicly available to any Agent, any L/C Issuer or any Lender prior to disclosure by any Loan
Party other than as a result of a breach of this <U>Section&nbsp;10.08</U>; <U>provided</U> that, in the case of information received
from a Loan Party after the Closing Date, such information is clearly identified at the time of delivery as confidential or is delivered
pursuant to <U>Section&nbsp;6.01</U>, <U>6.02</U> or <U>6.03</U> hereof.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For the avoidance of doubt,
nothing in this <U>Section&nbsp;10.08</U> shall prohibit any Person from voluntarily disclosing or providing any Information within the
scope of this confidentiality provision to any governmental, regulatory or self-regulatory organization (any such entity, a &ldquo;<U>Regulatory
Authority</U>&rdquo;) to the extent that any such prohibition on disclosure set forth in this <U>Section&nbsp;10.08</U> shall be prohibited
by the laws or regulations applicable to such Regulatory Authority.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;10.09&#9;&#8239;&#8239;&nbsp;<U>Setoff</U></B>.
In addition to any rights and remedies of the Lenders provided by Law, upon the occurrence and during the continuance of any Event of
Default, each Lender and its Affiliates (and the Collateral Agent, in respect of any unpaid fees, costs and expenses payable hereunder)
is authorized at any time and from time to time, without prior notice to each Borrower, any such notice being waived by each Borrower
(on its own behalf and on behalf of each Loan Party and each of its Subsidiaries) to the fullest extent permitted by applicable Law,
to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held by, and other Indebtedness
at any time owing by, such Lender and its Affiliates or the Collateral Agent to or for the credit or the account of the respective Loan
Parties and their Subsidiaries against any and all Obligations (other than, with respect to any Guarantor, any Excluded Swap Obligations
of such Guarantor) owing to such Lender and its Affiliates or the Collateral Agent hereunder or under any other Loan Document, now or
hereafter existing, irrespective of whether or not such Agent or such Lender or Affiliate shall have made demand under this Agreement
or any other Loan Document and although such Obligations may be contingent or unmatured or denominated in a currency different from that
of the applicable deposit or Indebtedness. Each Lender agrees promptly to notify the Lead Borrower and the Administrative Agent after
any such set off and application made by such Lender; <U>provided</U>, that the failure to give such notice shall not affect the validity
of such setoff and application. The rights of the Administrative Agent, the Collateral Agent and each Lender under this <U>Section&nbsp;10.09</U>
are in addition to other rights and remedies (including other rights of setoff) that the Administrative Agent, the Collateral Agent and
such Lender may have at Law.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;10.10&#9;&#8239;&#8239;&nbsp;<U>Interest
Rate Limitation</U></B>. Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to be paid
under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Law (the &ldquo;<U>Maximum
Rate</U>&rdquo;). If any Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall
be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrowers. In determining whether the
interest contracted for, charged, or received by an Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted
by applicable Law, (a)&nbsp;characterize any payment that is not principal as an expense, fee, or premium rather than interest, (b)&nbsp;exclude
voluntary prepayments and the effects thereof, and (c)&nbsp;amortize, prorate, allocate, and spread in equal or unequal parts the total
amount of interest throughout the contemplated term of the Obligations hereunder.</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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;10.11&#9;&#8239;&#8239;&nbsp;<U>Counterparts</U></B>.
This Agreement and each other Loan Document may be executed in one or more counterparts, each of which shall be deemed an original, but
all of which together shall constitute one and the same instrument. Delivery by telecopier (or other electronic transmission, e.g., .pdf)
of an executed counterpart of a signature page&nbsp;to this Agreement and each other Loan Document shall be effective as delivery of
an original executed counterpart of this Agreement and such other Loan Document. The Agents may also require that any such documents
and signatures delivered by telecopier be confirmed by a manually signed original thereof; <U>provided</U> that the failure to request
or deliver the same shall not limit the effectiveness of any document or signature delivered by telecopier.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;10.12&#9;&#8239;&#8239;&nbsp;<U>Integration</U></B>.
This Agreement, together with the other Loan Documents, comprises the complete and integrated agreement of the parties on the subject
matter hereof and thereof and supersedes all prior agreements, written or oral, on such subject matter. In the event of any conflict
between the provisions of this Agreement and those of any other Loan Document, the provisions of this Agreement shall control; <U>provided</U>
that the inclusion of supplemental rights or remedies in favor of the Agents or the Lenders in any other Loan Document shall not be deemed
a conflict of this Agreement. Each Loan Document was drafted with the joint participation of the respective parties thereto and shall
be construed neither against nor in favor of any party, but rather in accordance with the fair meaning thereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;10.13&#9;&#8239;&#8239;&nbsp;<U>Survival
of Representations and Warranties</U></B>. All representations and warranties made hereunder and in any other Loan Document or other
document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution and delivery hereof
and thereof. Such representations and warranties have been or will be relied upon by each Agent and each Lender, regardless of any investigation
made by any Agent or any Lender or on their behalf and notwithstanding that any Agent or any Lender may have had notice or knowledge
of any Default at the time of any Credit Extension, and shall continue in full force and effect as long as any Loan or any other Obligation
hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;10.14&#9;&#8239;&#8239;&nbsp;<U>Severability</U></B>.
If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable, the legality, validity
and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or impaired thereby.
The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.
In the event of any such illegality, invalidity or unenforceability, the parties shall negotiate in good faith with a view to agreeing
on a legal, valid and enforceable replacement provision which, to the extent practicable, is in accordance with the intent and purposes
of this Agreement and in its economic effect comes as close as possible to the illegal, invalid or unenforceable provision.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;10.15&#9;&#8239;&#8239;&nbsp;<U>GOVERNING
LAW</U></B>. THIS AGREEMENT AND EACH OTHER LOAN DOCUMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND THEREUNDER AND ANY
CLAIMS, CONTROVERSIES, DISPUTES OR CAUSES OF ACTIONS (WHETHER ARISING IN CONTRACT OR TORT,&nbsp;IN LAW OR EQUITY OR OTHERWISE) BASED
UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY SHALL, EXCEPT AS OTHERWISE EXPRESSLY PROVIDED
IN ANY COLLATERAL DOCUMENT, BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK <FONT STYLE="text-transform: uppercase">and,
as may be applicable, the Bankruptcy Code</FONT>.</P>

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<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;&nbsp;ANY
LEGAL ACTION OR PROCEEDING ARISING UNDER ANY LOAN DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE
PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN DOCUMENT, OR THE TRANSACTIONS RELATED THERETO,&nbsp;IN EACH CASE WHETHER NOW EXISTING
OR HEREAFTER ARISING AND WHETHER IN CONTRACT, TORT OR OTHERWISE AND WHETHER AT LAW OR IN EQUITY, SHALL BE BROUGHT (X)&nbsp;THE BANKRUPTCY
COURT AND (Y)&nbsp;TO THE EXTENT THE BANKRUPTCY COURT DOES NOT HAVE (OR ABSTAINS FROM EXERCISING JURISDICTION) THE COURTS OF THE STATE
OF NEW YORK SITTING IN NEW YORK CITY OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF SUCH STATE, AND BY EXECUTION AND DELIVERY OF
THIS AGREEMENT, EACH LOAN PARTY, EACH AGENT AND EACH LENDER CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION
OF THOSE COURTS AND AGREES THAT IT WILL NOT COMMENCE OR SUPPORT ANY SUCH ACTION OR PROCEEDING IN ANOTHER JURISDICTION. NOTWITHSTANDING
THE FOREGOING, NOTHING CONTAINED HEREIN OR IN ANY OTHER LOAN DOCUMENT WILL PREVENT ANY LENDER, THE ADMINISTRATIVE AGENT OR THE COLLATERAL
AGENT FROM BRINGING ANY ACTION TO ENFORCE ANY AWARD OR JUDGMENT OR EXERCISE ANY RIGHT UNDER THE COLLATERAL DOCUMENTS OR AGAINST ANY COLLATERAL
OR ANY OTHER PROPERTY OF ANY LOAN PARTY IN ANY OTHER FORUM IN WHICH JURISDICTION CAN BE ESTABLISHED. EACH LOAN PARTY, EACH AGENT AND
EACH LENDER IRREVOCABLY WAIVES ANY OBJECTION,&nbsp;INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON
CONVENIENS, WHICH IT MAY&nbsp;NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF ANY
LOAN DOCUMENT OR OTHER DOCUMENT RELATED THERETO. <FONT STYLE="text-transform: uppercase">EACH LOAN PARTY waives any immunity (sovereign
or otherwise) from jurisdiction of any court or from any legal process to which you or your properties or assets may be entitled. To
the extent that ANY LOAN PARTY has or hereafter may acquire any immunity from jurisdiction of any court or from any legal process (whether
through service or notice, attachment prior to judgment, attachment in aid of execution, execution or otherwise) with respect to itself
or its property, SUCH LOAN PARTY irrevocably waives such immunity in respect of its obligations under the Loan Documents.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;EACH
PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN ANY ACTION OR PROCEEDING (WHETHER IN CONTRACT, TORT OR OTHERWISE AND WHETHER
AT LAW OR IN EQUITY) ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENTS IN THE MANNER PROVIDED FOR NOTICES (OTHER THAN BY TELECOPIER OR
ELECTRONIC MAIL) IN <U>SECTION&nbsp;10.02</U>. NOTHING IN THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT WILL AFFECT THE RIGHT OF ANY PARTY
HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. WITHOUT LIMITING THE OTHER PROVISIONS OF THIS SECTION&nbsp;10.15
AND IN ADDITION TO THE SERVICE OF PROCESS PROVIDED FOR HEREIN, THE LEAD BORROWER HEREBY IRREVOCABLY DESIGNATES, APPOINTS AND EMPOWERS
THE CO- BORROWER (AND THE CO- BORROWER HEREBY IRREVOCABLY ACCEPTS SUCH APPOINTMENT), AS ITS AUTHORIZED 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 WHICH MAY&nbsp;BE SERVED IN ANY SUCH ACTION OR PROCEEDING. IF FOR ANY REASON THE CO- BORROWER SHALL CEASE TO BE
AVAILABLE TO ACT AS SUCH, THE LEAD BORROWER AGREES TO PROMPTLY DESIGNATE A NEW AUTHORIZED DESIGNEE, APPOINTEE AND AGENT IN NEW YORK CITY
ON THE TERMS AND FOR THE PURPOSES OF THIS PROVISION REASONABLY SATISFACTORY TO THE ADMINISTRATIVE AGENT UNDER THIS AGREEMENT.</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;10.16&#9;&#8239;&#8239;&nbsp;<U>WAIVER
OF RIGHT TO TRIAL BY JURY</U></B>. TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY WAIVES ANY
RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER ANY LOAN DOCUMENT OR IN ANY WAY CONNECTED WITH OR
RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN DOCUMENT, OR THE TRANSACTIONS RELATED
THERETO,&nbsp;IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE AND WHETHER
AT LAW OR IN EQUITY; AND EACH PARTY HERETO HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE
DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY&nbsp;FILE AN ORIGINAL COUNTERPART&nbsp;OR A COPY OF THIS
<U>SECTION&nbsp;10.16</U> WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO
TRIAL BY JURY.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;10.17&#9;&#8239;&#8239;&nbsp;<U>Binding
Effect</U></B>. This Agreement shall become effective when it shall have been executed by the Loan Parties and the Administrative Agent
shall have been notified by each Lender and each L/C Issuer that each such Lender and L/C Issuer has executed it and thereafter shall
be binding upon and inure to the benefit of the Loan Parties, each Agent and each Lender and their respective successors and assigns,
in each case in accordance with <U>Section&nbsp;10.07</U> (if applicable) and except that no Loan Party shall have the right to assign
its rights hereunder or any interest herein without the prior written consent 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;10.18&#9;&#8239;&#8239;&nbsp;<U>USA
Patriot Act</U></B>. Each Lender that is subject to the USA Patriot Act and the Administrative Agent (for itself and not on behalf of
any Lender) hereby notifies the Holdcos and each Borrower that pursuant to the requirements of the USA Patriot Act, it is required to
obtain, verify and record information that identifies the Holdcos and the Borrowers, which information includes the Beneficial Ownership
Certification and the name, address and tax identification number of the Holdcos and the Borrowers and other information regarding the
Holdcos and the Borrowers that will allow such Lender or the Administrative Agent, as applicable, to identify the Holdcos and the Borrowers
in accordance with the USA Patriot Act. This notice is given in accordance with the requirements of the USA Patriot Act and is effective
as to the Lenders 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;10.19&#9;&#8239;&#8239;&nbsp;<U>No
Advisory or Fiduciary Responsibility</U></B>. (a)&nbsp; In connection with all aspects of each transaction contemplated hereby, each
Loan Party acknowledges and agrees, and acknowledges its Affiliates&rsquo; understanding, that (i)&nbsp;the facilities provided for hereunder
and any related arranging or other services in connection therewith (including in connection with any amendment, waiver or other modification
hereof or of any other Loan Document) are an arm&rsquo;s-length commercial transaction between the Borrowers and their respective Affiliates,
on the one hand, and the Agents, and the Lenders, on the other hand, and the Borrowers are capable of evaluating and understanding and
understands and accepts the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents (including
any amendment, waiver or other modification hereof or thereof), (ii)&nbsp;in connection with the process leading to such transaction,
each of the Agents, and the Lenders is and has been acting solely as a principal and is not the financial advisor, agent or fiduciary,
for the Borrowers or any of their respective Affiliates, stockholders, creditors or employees or any other Person, (iii)&nbsp;none of
the Agents, or the Lenders has assumed or will assume an advisory, agency or fiduciary responsibility in favor of any Borrower or any
of its Affiliates with respect to any of the transactions contemplated hereby or the process leading thereto, including with respect
to any amendment, waiver or other modification hereof or of any other Loan Document (irrespective of whether any Agent or Lender has
advised or is currently advising the Borrowers or any of its Affiliates on other matters) and none of the Agents, or the Lenders has
any obligation to the Borrowers or any of their respective Affiliates with respect to the financing transactions contemplated hereby
except those obligations expressly set forth herein and in the other Loan Documents, (iv)&nbsp;the Agents, and the Lenders and their
respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from, and may conflict with,
those of the Borrowers and their respective Affiliates, and none of the Agents, or the Lenders has any obligation to disclose any of
such interests by virtue of any advisory, agency or fiduciary relationship and (v)&nbsp;the Agents, and the Lenders have not provided
and will not provide any legal, accounting, regulatory or tax advice with respect to any of the transactions contemplated hereby (including
any amendment, waiver or other modification hereof or of any other Loan Document) and the Loan Parties have consulted their own legal,
accounting, regulatory and tax advisors to the extent they have deemed appropriate. Each Loan Party hereby waives and releases, to the
fullest extent permitted by law, any claims that it may have against the Agents, and the Lenders with respect to any breach or alleged
breach of agency or fiduciary duty under applicable law relating to agency and fiduciary 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; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Each
Loan Party acknowledges and agrees that each Lender, Arranger and any affiliate thereof may lend money to, invest in, and generally engage
in any kind of business with, any of the Borrowers, the Holdcos, any Affiliate thereof or any other person or entity that may do business
with or own securities of any of the foregoing, all as if such Lender, Arranger or Affiliate thereof were not a Lender or Arranger (or
an agent or any other person with any similar role under the Facilities) and without any duty to account therefor to any other Lender
or any Arranger, Holdco, Borrower or Affiliate of the foregoing. Each Lender, and any affiliate thereof may accept fees and other consideration
from the Holdcos, the Borrowers or any Affiliate thereof for services in connection with this Agreement, the Facilities or otherwise
without having to account for the same to any other Lender or any Arranger, Holdco, Borrower or Affiliate of the foregoing. Some or all
of the Lenders may have directly or indirectly acquired certain equity interests (including warrants) in the Holdcos, the Borrowers or
an Affiliate thereof or may have directly or indirectly extended credit on a subordinated basis to the Holdcos, the Borrowers or an Affiliate
thereof. Each party hereto, on its behalf and on behalf of its affiliates, acknowledges and waives the potential conflict of interest
resulting from any such Lender, Arranger or an Affiliate thereof holding disproportionate interests in the extensions of credit under
the Facilities or otherwise acting as arranger or agent thereunder and such Lender, Arranger or Affiliate thereof directly or indirectly
holding equity interests in or subordinated debt issued by the Holdcos, Borrowers or an Affiliate thereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;10.20&#9;&#8239;&#8239;&nbsp;<U>Judgment
Currency</U></B>. If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due hereunder or under any
other Loan Document in one currency into another currency, the rate of exchange used shall be that at which in accordance with normal
banking procedures the Administrative Agent could purchase the first currency with such other currency on the Business Day preceding
that on which final judgment is given. The obligation of the Loan Parties in respect of any such sum due from it to the Administrative
Agent or the Lenders hereunder or under the other Loan Documents shall, notwithstanding any judgment in a currency (the &ldquo;<U>Judgment
Currency</U>&rdquo;) other than that in which such sum is denominated in accordance with the applicable provisions of this Agreement
(the &ldquo;<U>Agreement Currency</U>&rdquo;), be discharged only to the extent that on the Business Day following receipt by the Administrative
Agent of any sum adjudged to be so due in the Judgment Currency, the Administrative Agent may in accordance with normal banking procedures
purchase the Agreement Currency with the Judgment Currency. If the amount of the Agreement Currency so purchased is less than the sum
originally due to the Administrative Agent from the Loan Parties in the Agreement Currency, the Loan Parties agree, jointly and severally,
as a separate obligation and notwithstanding any such judgment, to indemnify the Administrative Agent or the Person to whom such obligation
was owing against such loss. If the amount of the Agreement Currency so purchased is greater than the sum originally due to the Administrative
Agent in such currency, the Administrative Agent agrees to return the amount of any excess to the respective Loan Party (or to any other
Person who may be entitled thereto under 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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;10.21&#9;&#8239;&#8239;&nbsp;<U>Certain
Undertakings with Respect to any Securitization Subsidiary</U></B>. (a)&nbsp; Each Agent and Lender agrees that, prior to the date that
is one year and one day after payment in full of all of the obligations of the Securitization Subsidiary in connection with and under
a Securitization, (i)&nbsp;such Agent and such Lender shall not be entitled, whether before or after the occurrence of any Event of Default,
to (A)&nbsp;institute against, or join any other Person in instituting against, any Securitization Subsidiary any bankruptcy, reorganization,
arrangement, insolvency or liquidation proceeding under the laws of the United States or any State thereof, (B)&nbsp;transfer and register
the capital stock of any Securitization Subsidiary or any other instrument evidencing any Securitization Seller&rsquo;s Retained Interest
in the name of any Agent or a Secured Party or any designee or nominee thereof, (C)&nbsp;foreclose on any security interest in any Securitization
Seller&rsquo;s Retained Interest regardless of the bankruptcy or insolvency of the Lead Borrower or any Restricted Subsidiary, (D)&nbsp;exercise
any voting rights granted or appurtenant to such capital stock of any Securitization Subsidiary or any other instrument evidencing any
Securitization Seller&rsquo;s Retained Interest or (E)&nbsp;enforce any right that the holder of any such capital stock of any Securitization
Subsidiary or any other instrument evidencing any Securitization Seller&rsquo;s Retained Interest might otherwise have to liquidate,
consolidate, combine, collapse or disregard the entity status of such Securitization Subsidiary, (ii)&nbsp;such Agent and such Lender
hereby waives and releases any right to require (A)&nbsp;that any Securitization Subsidiary be in any manner merged, combined, collapsed
or consolidated with or into the Lead Borrower or any Restricted Subsidiary, including by way of substantive consolidation in a bankruptcy
case or (B)&nbsp;that the status of any Securitization Subsidiary as a separate entity be in any respect disregarded and (iii)&nbsp;such
Agent and such Lender agrees and acknowledges that the agent acting on behalf of the holders of securitization indebtedness of the Securitization
Subsidiary is an express third party beneficiary with respect to <U>Sections 10.21(a)</U>&nbsp;and <U>(b)</U>&nbsp;and such agent shall
have the right to enforce compliance by the Agents and the Lenders with <U>Sections 10.21(a)</U>&nbsp;and <U>(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-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Upon
the transfer or purported transfer by the Lead Borrower or any Restricted Subsidiary of Securitization Assets to a Securitization Subsidiary
(whether directly or through one or more intermediate transferor entities) in a Securitization, any Liens with respect to such Securitization
Assets arising under this Agreement or any Collateral Documents related to the Agreement shall automatically be released (and each of
the Administrative Agent and the Collateral Agent, as applicable, is hereby authorized to execute and enter into any such releases and
other documents as the Lead Borrower may reasonably request in order to give effect 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-align: justify; text-indent: 0.5in"><B>Section&nbsp;10.22&#9;&#8239;&#8239;&nbsp;<U>Order
Control</U></B>. To the extent that any specific provision hereof is inconsistent with any of the Orders, the Interim DIP Order or Final
DIP Order (as applicable) shall control.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;10.23&#9;&#8239;&#8239;&nbsp;<U>Certain
ERISA Matters</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: justify; text-indent: 1in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Each
Lender (x)&nbsp;represents and warrants, as of the date such Person became a Lender party hereto, to, and (y)&nbsp;covenants, from the
date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative
Agent and its respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Lead 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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(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 29 CFR &sect;&nbsp;2510.3-101, as modified by Section&nbsp;3(42)
of ERISA) of one or more Plans in connection with the Loans or the Commitments,</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;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 Commitments and this Agreement,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;(A)&nbsp;such
Lender is an investment fund managed by a &ldquo;Qualified Professional Asset Manager&rdquo; (within the meaning of Part&nbsp;VI of PTE
84-14), (B)&nbsp;such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate
in, administer and perform the Loans, the Commitments and this Agreement, (C)&nbsp;the entrance into, participation in, administration
of and performance of the Loans, the Commitments and this Agreement satisfies the requirements of sub-sections (b)&nbsp;through (g)&nbsp;of
Part&nbsp;I of PTE 84-14 and (D)&nbsp;to the best knowledge of such Lender, the requirements of subsection (a)&nbsp;of Part&nbsp;I of
PTE 84-14 are satisfied with respect to such Lender&rsquo;s entrance into, participation in, administration of and performance of the
Loans, the Commitments and this Agreement, or</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)&#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">&nbsp;</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;&nbsp;In
addition, unless sub-clause (i)&nbsp;in the immediately preceding clause (a)&nbsp;is true with respect to a Lender or such Lender has
not provided another representation, warranty and covenant as provided in sub-clause (iv)&nbsp;in the immediately preceding clause (a),
such Lender further (x)&nbsp;represents and warrants, as of the date such Person became a Lender party hereto, to, and (y)&nbsp;covenants,
from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of,
the Administrative Agent and its respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Lead Borrower
or any other Loan Party, that:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;none
of the Administrative Agent or any of its respective Affiliates is a fiduciary with respect to the assets of such Lender (including in
connection with the reservation or exercise of any rights by the Administrative Agent under this Agreement, any Loan Document or any
documents related to hereto or thereto),</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;the
Person making the investment decision on behalf of such Lender with respect to the entrance into, participation in, administration of
and performance of the Loans, the Commitments and this Agreement is independent (within the meaning of 29 CFR &sect; 2510.3-21) and is
a bank, an insurance carrier, an investment adviser, a broker-dealer or other person that holds, or has under management or control,
total assets of at least $50 million, in each case as described in 29 CFR &sect; 2510.3-21(c)(1)(i)(A)-(E),</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
Person making the investment decision on behalf of such Lender with respect to the entrance into, participation in, administration of
and performance of the Loans, the Commitments and this Agreement is capable of evaluating investment risks independently, both in general
and with regard to particular transactions and investment strategies (including in respect of the 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; text-align: justify; text-indent: 1.5in">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
Person making the investment decision on behalf of such Lender with respect to the entrance into, participation in, administration of
and performance of the Loans, the Commitments and this Agreement is a fiduciary under ERISA or the Code, or both, with respect to the
Loans, the Commitments and this Agreement and is responsible for exercising independent judgment in evaluating the transactions hereunder,
and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;no
fee or other compensation is being paid directly to the Administrative Agent or any its respective Affiliates for investment advice (as
opposed to other services) in connection with the Loans, the Commitments or this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;The
Administrative Agent hereby informs the Lenders that each such Person is not undertaking to provide impartial investment advice, or to
give advice in a fiduciary capacity, in connection with the transactions contemplated hereby, and that such Person has a financial interest
in the transactions contemplated hereby in that such Person or an Affiliate thereof (i)&nbsp;may receive interest or other payments with
respect to the Loans, the Commitments and this Agreement, (ii)&nbsp;may recognize a gain if it extended the Loans or the Commitments
for an amount less than the amount being paid for an interest in the Loans or the Commitments by such Lender or (iii)&nbsp;may receive
fees or other payments in connection with the transactions contemplated hereby, the Loan Documents or otherwise, including structuring
fees, commitment fees, arrangement fees, facility fees, upfront fees, underwriting fees, ticking fees, agency fees, administrative agent
or collateral agent fees, utilization fees, minimum usage fees, letter of credit fees, fronting fees, deal-away or alternate transaction
fees, amendment fees, processing fees, term out premiums, banker&rsquo;s acceptance fees, breakage or other early termination fees or
fees similar to the foregoing.</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;11.01&#9;&#8239;&#8239;&nbsp;<U>The
Guarantee</U></B>. Each Guarantor hereby jointly and severally with the other Guarantors guarantees, as a primary obligor and not as
a surety to each Secured Party and their respective successors and assigns, the prompt payment in full when due (whether at stated maturity,
by required prepayment, declaration, demand, by acceleration or otherwise) of the principal of and, costs or charges that would accrue
but for the provisions of (i)&nbsp;the Title 11 of the United States Code after any bankruptcy or insolvency petition under Title 11
of the United States Code and (ii)&nbsp;any other Debtor Relief Laws) on the Loans made by the Lenders to, and the Notes held by each
Lender of, the Borrowers, and all other Obligations (other than, with respect to any Guarantor, any Excluded Swap Obligations of such
Guarantor) from time to time owing to the Secured Parties by any Loan Party (other than such Guarantor with respect to its primary obligations)
under any Loan Document strictly in accordance with the terms thereof (such obligations being herein collectively called the &ldquo;<U>Guaranteed
Obligations</U>&rdquo;). The Guarantors hereby jointly and severally agree that if the Borrowers or other Guarantor(s)&nbsp;shall fail
to pay in full when due (whether at stated maturity, by acceleration or otherwise) any of the Guaranteed Obligations, the Guarantors
will promptly pay the same in cash, without any demand or notice whatsoever, and that in the case of any extension of time of payment
or renewal of any of the Guaranteed Obligations, the same will be promptly paid in full when due (whether at extended maturity, by acceleration
or otherwise) in accordance with the terms of such extension or renewal.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;11.02&#9;&#8239;&#8239;&nbsp;<U>Obligations
Unconditional</U></B>. The obligations of the Guarantors under <U>Section&nbsp;11.01</U> shall constitute a guaranty of payment and to
the fullest extent permitted by applicable Law, are absolute, irrevocable and unconditional, joint and several, irrespective of the value,
genuineness, validity, regularity or enforceability of the Guaranteed Obligations of the Loan Parties under this Agreement, the Notes,
if any, any other Loan Document or any other agreement or instrument referred to herein or therein, or any substitution, release or exchange
of any other guarantee of or security for any of the Guaranteed Obligations, and, irrespective of any other circumstance whatsoever that
might otherwise constitute a legal or equitable discharge or defense of a surety or guarantor (except for payment in full in cash). Without
limiting the generality of the foregoing, it is agreed that the occurrence of any one or more of the following shall not alter or impair
the liability of any Guarantor hereunder which shall remain absolute, irrevocable and unconditional under any and all circumstances as
described above:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">at any time or from time to time, without
                                            notice to the Guarantors, to the extent permitted by Law, the time for any performance of
                                            or compliance with any of the Guaranteed Obligations shall be extended, or such performance
                                            or compliance shall be waived;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">any of the acts mentioned in any of the
                                            provisions of this Agreement or the Notes, if any, or any other agreement or instrument referred
                                            to herein or therein shall be done or omitted;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">the maturity of any of the Guaranteed
                                            Obligations shall be accelerated, or any of the Guaranteed Obligations shall be amended in
                                            any respect, or any right under the Loan Documents or any other agreement or instrument referred
                                            to herein or therein shall be amended or waived in any respect or any other guarantee of
                                            any of the Guaranteed Obligations or except as permitted pursuant to <U>Section&nbsp;11.08</U>,
                                            any security therefor shall be released or exchanged in whole or in part or otherwise dealt
                                            with;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.5in">(iv)</TD><TD STYLE="text-align: justify">any Lien or security interest granted
                                            to, or in favor of or any Lender, an L/C Issuer or Agent as security for any of the Guaranteed
                                            Obligations shall fail to be perfected; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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: 1in"></TD><TD STYLE="width: 0.5in">(v)</TD><TD STYLE="text-align: justify">the release of any other Guarantor pursuant
                                            to <U>Section&nbsp;11.15</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Guarantors hereby expressly
waive diligence, presentment, demand of payment, protest and, to the extent permitted by Law, all notices whatsoever, and any requirement
that any Secured Party exhaust any right, power or remedy or proceed against the Borrowers under this Agreement, the Notes, if any, any
other Loan Document or any other agreement or instrument referred to herein or therein, or against any other person under any other guarantee
of, or security for, any of the Guaranteed Obligations. The Guarantors waive, to the extent permitted by Law, any and all notice of the
creation, renewal, extension, waiver, termination or accrual of any of the Guaranteed Obligations and notice of or proof of reliance
by any Secured Party upon this Guarantee or acceptance of this Guarantee, and the Guaranteed Obligations, and any of them, shall conclusively
be deemed to have been created, contracted or incurred in reliance upon this Guarantee, and all dealings between the Borrowers and the
Secured Parties shall likewise be conclusively presumed to have been had or consummated in reliance upon this Guarantee. This Guarantee
shall be construed as a continuing, absolute, irrevocable and unconditional guarantee of payment without regard to any right of offset
with respect to the Guaranteed Obligations at any time or from time to time held by Secured Parties, and the obligations and liabilities
of the Guarantors hereunder shall not be conditioned or contingent upon the pursuit by the Secured Parties or any other person at any
time of any right or remedy against the Borrowers or against any other person which may be or become liable in respect of all or any
part of the Guaranteed Obligations or against any collateral security or guarantee therefor or right of offset with respect thereto.
This Guarantee shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon the Guarantors
and the successors and assigns thereof, and shall inure to the benefit of the Lenders, and their respective successors and assigns, notwithstanding
that from time to time during the term of this Agreement there may be no Guaranteed Obligations 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;11.03&#9;&#8239;&#8239;&nbsp;<U>Reinstatement</U></B>.
The obligations of the Guarantors under this <U>Article&nbsp;XI</U> shall be automatically reinstated if and to the extent that for any
reason any payment by or on behalf of the Borrowers or other Loan Party in respect of the Guaranteed Obligations is rescinded or must
be otherwise restored by any holder of any of the Guaranteed Obligations, whether as a result of any proceedings in bankruptcy or reorganization
or otherwise.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;11.04&#9;&#8239;&#8239;&nbsp;<U>Subrogation;
Subordination</U></B>. Each Guarantor hereby agrees that until the payment and satisfaction in full in cash of all Guaranteed Obligations
and the expiration and termination of the Commitments of the Lenders under this Agreement it shall waive any claim and shall not exercise
any right or remedy, direct or indirect, arising by reason of any performance by it of its guarantee in <U>Section&nbsp;11.01</U>, whether
by subrogation or otherwise, against any Borrower or any other Guarantor of any of the Guaranteed Obligations or any security for any
of the 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;11.05&#9;&#8239;&#8239;&nbsp;<U>Remedies</U></B>.
The Guarantors jointly and severally agree that, as between the Guarantors and the Lenders, the obligations of the Borrowers under this
Agreement and the Notes, if any, may be declared to be forthwith due and payable as provided in <U>Section&nbsp;8.02</U> (and shall be
deemed to have become automatically due and payable in the circumstances provided in <U>Section&nbsp;8.02</U>) for purposes of <U>Section&nbsp;11.01</U>,
notwithstanding any stay, injunction or other prohibition preventing such declaration (or such obligations from becoming automatically
due and payable) as against the Borrowers and that, in the event of such declaration (or such obligations being deemed to have become
automatically due and payable), such obligations (whether or not due and payable by the Borrowers) shall forthwith become due and payable
by the Guarantors for purposes of <U>Section&nbsp;11.01</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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;11.06&#9;&#8239;&#8239;&nbsp;<U>Instrument
for the Payment of Money</U></B>. Each Guarantor hereby acknowledges that the guarantee in this <U>Article&nbsp;XI</U> constitutes an
instrument for the payment of money, and consents and agrees that any Lender or Agent, at its sole option, in the event of a dispute
by such Guarantor in the payment of any moneys due hereunder, shall have the right to bring a motion-action under New York CPLR Section&nbsp;3213.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;11.07&#9;&#8239;&#8239;&nbsp;<U>Continuing
Guarantee</U></B>. The guarantee in this <U>Article&nbsp;XI</U> is a continuing guarantee of payment, and shall apply to all Guaranteed
Obligations whenever arising.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;11.08&#9;&#8239;&#8239;&nbsp;<U>General
Limitation on Guarantee Obligations</U></B>. In any action or proceeding involving any state, provincial or federal corporate, limited
partnership or limited liability company law, or any applicable state, federal or foreign bankruptcy, insolvency, reorganization or other
Law affecting the rights of creditors generally, if the obligations of any Guarantor under <U>Section&nbsp;11.01</U> would otherwise
be held or determined to be void, voidable, invalid or unenforceable, or subordinated to the claims of any other creditors, on account
of the amount of its liability under <U>Section&nbsp;11.01</U>, then, notwithstanding any other provision to the contrary, the amount
of such liability shall, without any further action by such Guarantor, any Loan Party or any other person, be automatically limited and
reduced to the highest amount (after giving effect to the right of contribution established in <U>Section&nbsp;11.16</U>) that is valid
and enforceable and not subordinated to the claims of other creditors as determined in such action 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;11.09&#9;&#8239;&#8239;&nbsp;<U>Specific
Limitation for Swiss Guarantors</U></B>. (a)&nbsp; If and to the extent that (i)&nbsp;a Swiss Guarantor becomes, under <U>Section&nbsp;11.01</U>
or under any other provision of any Loan Document, liable for Guaranteed Obligations of its Affiliates (other than those of its direct
or indirect wholly owned Subsidiaries) or otherwise obliged to grant economic benefits to its Affiliates (other than its direct or indirect
wholly owned Subsidiaries), including, for the avoidance of doubt, any restrictions of such Swiss Guarantor&rsquo;s rights of set-off
and/or subrogation or its duties to subordinate or waive claims and (ii)&nbsp;complying with such obligations would constitute a repayment
of capital (<I>Einlager&uuml;ckgew&auml;hr</I>), a violation of the legally protected reserves (<I>gesetzlich gesch&uuml;tzte Reserven</I>)
or the payment of a (constructive) dividend (<I>Gewinnaussch&uuml;ttung</I>) by such Swiss Guarantor or would otherwise be restricted
under Swiss corporate law then applicable (the &ldquo;<U>Restricted Obligations</U>&rdquo;), the aggregate liability of such Swiss Guarantor
for Restricted Obligations shall be limited to the amount available for distribution as dividends to the shareholders of such Swiss Guarantor
at the time such Swiss Guarantor is required to perform under any Loan Document, <U>provided</U> that this is a requirement under applicable
Swiss law at that time and further <U>provided</U> that such limitation shall not discharge such Swiss Guarantor from its obligations
in excess thereof, but merely postpone the performance date therefore until such times as performance is again permitted notwithstanding
such limitation.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;In
respect of Restricted Obligations, each Swiss Guarantor 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 1in; text-align: justify; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;if
and to the extent required by applicable law in force at the relevant time use its best efforts to mitigate to the extent possible any
Swiss Withholding Tax obligations to be levied on the Restricted Obligations (and cause its parent and other relevant Affiliates to fully
cooperate in any mitigating efforts), in particular through the notification procedure, and promptly notify the Administrative Agent
thereof or, if such a notification procedure is not 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 1in; text-align: justify; text-indent: 1in">(A)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;deduct
Swiss Withholding Tax at the rate of 35% (or such other rate as in force from time to time pursuant to, in particular, any applicable
double taxation treaty) from any payment made by it in respect of Restricted 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 0pt 1in; text-align: justify; text-indent: 1in">(B)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;pay
any such deduction to the Swiss Federal Tax Administration; 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-align: justify; text-indent: 1in">(C)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;notify
(and the Lead Borrower shall ensure that such Swiss Guarantor will notify) the Administrative Agent that such a deduction has been made
and provide the Administrative Agent with evidence that such a deduction has been paid to the Swiss Federal Tax Administration; 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-align: justify; text-indent: 0.5in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;to
the extent such a deduction is made, not be obliged to either gross-up payments and/or indemnify the Secured Parties in accordance with
<U>Section&nbsp;3.01</U> in relation to any such payment made by it in respect of Restricted Obligations unless grossing-up and/or indemnifying
is permitted under the laws of Switzerland then in force (it being understood that this shall not in any way limit any obligations of
any other Loan Party under any Loan Document to indemnify the Secured Parties in respect of the deduction of the Swiss Withholding Tax).
Each Swiss Guarantor shall use its commercially reasonable efforts to ensure that any Person which is, as a result of a deduction of
Swiss Withholding Tax, entitled to a full or partial refund of the Swiss Withholding Tax, will, as soon as possible after the deduction
of the Swiss Withholding Tax, (i)&nbsp;request a refund of the Swiss Withholding Tax under any applicable law (including double tax treaties)
and (ii)&nbsp;promptly upon receipt, pay to the Administrative Agent (or to any such other Secured Party as directed by the Administrative
Agent) any amount so refunded for application as a further payment of such Swiss Guarantor under and pursuant to the relevant Loan Document.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;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 Secured Parties to obtain a maximum benefit under this <U>Article&nbsp;XI</U>, each Swiss
Guarantor shall, and any parent company of such Swiss Guarantor being a party to this Agreement shall procure that such Swiss Guarantor
will, promptly implement all such measures and/or promptly procure the fulfillment of all prerequisites allowing it to promptly make
the (requested) payment(s)&nbsp;hereunder from time to time, including 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 1in; text-align: justify; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;preparation
of an up-to-date audited balance sheet of such 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 0pt 1in; text-align: justify; text-indent: 0.5in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;confirmation
of the auditors of such Swiss Guarantor that the relevant amount represents (the maximum of) freely distributable profits 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-align: justify; text-indent: 0.5in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;conversion
of restricted reserves into profits and reserves freely available for the distribution as dividends (to the extent permitted by mandatory
Swiss 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 1in; text-align: justify; text-indent: 0.5in">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;revaluation
of hidden reserves (to the extent permitted by mandatory Swiss 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 1in; text-align: justify; text-indent: 0.5in">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;approval
by a shareholders&rsquo; meeting of such Swiss Guarantor of the (resulting) profit distribution; 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-align: justify; text-indent: 0.5in">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;all
such other measures necessary or useful to allow such Swiss Guarantor to make the payments agreed hereunder with a minimum of 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;11.10&#9;&#8239;&#8239;&nbsp;<U>[Reserved]</U></B>.
Specific Limitation for Hong Kong Guarantors. The obligations under this Agreement (including but not limited to, any representation
or covenant) of any Guarantor which is incorporated under Hong Kong law shall not include any obligation which if incurred or made would
constitute the provision of unlawful financial assistance including within the meaning of Section&nbsp;275 of the Companies Ordinance
(Cap. 622) of Hong Kong until and unless any requirements of the Companies Ordinance (Cap. 622) of Hong Kong have been complied with
in relation to the provision of financial assistance constituted by this Agreement with respect to such Guarantor.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;11.11&#9;&#8239;&#8239;&nbsp;<U>[Reserved]</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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;11.12&#9;&#8239;&#8239;&nbsp;<U>Specific
Limitation for Luxembourg Guarantors</U></B>. (a)&nbsp; For the purpose of this <U>Section&nbsp;11.13</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 1in; text-align: justify; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&ldquo;<U>Luxembourg
Guarantor</U>&rdquo; means a Guarantor incorporated in Luxembourg;</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;a
reference to a &ldquo;<U>Luxembourg Guarantor&rsquo;s Borrowings</U>&rdquo; will be construed as a reference to the total amount of all&nbsp;Credit
Extensions&nbsp;(including for this purpose any accrued and unpaid interest, costs and fees in respect of such Credit Extensions) made
by that Luxembourg Guarantor 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 0pt 1in; text-align: justify; text-indent: 0.5in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;a
reference to &ldquo;<U>Subsidiaries&rsquo; Borrowings</U>&rdquo; in respect of a Luxembourg Guarantor will be construed as a reference
to all&nbsp;Credit Extensions&nbsp;(including&nbsp;Credit Extensions&nbsp;under any accrued and unpaid interest, costs and fees in respect
of those Credit Extensions) made by the direct or indirect Subsidiaries of that Luxembourg Guarantor, including any amounts financed
directly or indirectly by a Luxembourg Guarantor&rsquo;s Borrowings and on-lent to such Subsidiaries; 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-align: justify; text-indent: 0.5in">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&ldquo;<U>Luxembourg
Guarantee Demand Date</U>&rdquo; means the first date upon which a&nbsp;Loan Party makes written demand upon the relevant Luxembourg
Guarantor to make payment in respect of any 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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;<U>Unlawful
Financial Assistance</U>. Without limiting any specific exemptions set out below:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;no
Guaranteed Obligations will extend to include any obligation or liability; 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-align: justify; text-indent: 0.5in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;no
security granted by a Luxembourg Guarantor will secure any 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; text-align: justify">in each case, if to do so would be unlawful financial
assistance in respect of the acquisition of shares in itself under Article&nbsp;49-6 or would constitute a misuse of corporate assets
(<I>abus de biens sociaux</I>) as defined at Article&nbsp;171-1 of the Luxembourg Act on commercial companies of 10 August&nbsp;1915,
as amended.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;<U>Luxembourg
Guarantors</U>. A Luxembourg Guarantor&rsquo;s obligations is subject to&nbsp;the following guarantee limitation (or, in respect of any
future Luxembourg Guarantor, a guarantee limitation, which will be contained in any Guarantor Joinder (if applicable)) to this Agreement,
or in any other agreement or deed, under which that Luxembourg Guarantor becomes an additional Guarantor, substantially in the following
form:</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Notwithstanding
any other provision&nbsp;herein, the maximum amount payable by a Luxembourg Guarantor in respect of its Guaranteed Obligations shall
not, at any time, exceed the greater 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 1in; text-align: justify; text-indent: 1in">(A)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;an
amount equal to 95% of that Luxembourg Guarantor&rsquo;s net assets (<I>capitaux propres</I>), existing as at the date of this Agreement,
as shown in its most recently and duly approved financial statements (<I>comptes annuels</I>); 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-align: justify; text-indent: 1in">(B)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;an
amount equal to 95% of that Luxembourg Guarantor&rsquo;s net assets (<I>capitaux propres</I>), existing as at the Luxembourg Guarantee
Demand Date, as shown in its most recently and duly approved financial statements (<I>comptes annuels</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-align: justify">For this purpose &ldquo;<U>net assets
(<I>capitaux propres</I>)</U>&rdquo; will be determined in accordance with annex to the grand-ducal regulation dated 18 December&nbsp;2015
defining the form and content of the presentation of balance sheet and profit and loss account, and enforcing the Luxembourg Act of 19
December&nbsp;2002 on the Register of Commerce and Companies, on accounting and on annual accounts of the companies.</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;The
limit in paragraph&nbsp;(i)&nbsp;above will not apply to any Guaranteed Obligations in respect of any Luxembourg Guarantor&rsquo;s Borrowings
and to Subsidiaries&rsquo; Borrowings or any other liabilities of the Subsidiaries of the Luxembourg Guarantor&rsquo;s under the&nbsp;Loan
Documents.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;11.13&#9;&#8239;&#8239;&nbsp;<U>Specific
Limitation for Irish Guarantors</U></B>. Notwithstanding anything to the contrary in this Agreement or in any other Loan Document, the
obligations and liabilities of any Guarantor incorporated in Ireland (an &ldquo;<U>Irish Guarantor</U>&rdquo;) under <U>Section&nbsp;11.01</U>
shall not apply to the extent that it would result in any such obligations or liabilities constituting unlawful financial assistance
within the meaning of section 82 of the Companies Act 2014 and obligations and liabilities arising from any Guaranty provided by any
additional Irish Guarantor pursuant to <U>Section&nbsp;6.11</U>, shall be subject to the limitations set out in the Guarantor Joinder
(as such terms of such joinder agreement are reasonably agreed to by the Collateral Agent and the Administrative Agent) applicable to
such additional Irish Guarantor pursuant to <U>Section&nbsp;6.11</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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;11.14&#9;&#8239;&#8239;&nbsp;<U>Release
of Guarantors</U></B>. If, in compliance with the terms and provisions of the Loan Documents, (a)&nbsp;all or substantially all of the
Equity Interests or property of such Guarantor are sold or otherwise transferred to a person or persons, none of which is a Loan Party
or (b)&nbsp;such Guarantor ceases to be a Guarantor as a result of a transaction or designation permitted hereunder (any such Guarantor
referred to in clauses (a)&nbsp;or (b), a &ldquo;<U>Subject Guarantor</U>&rdquo;), such Subject Guarantor shall, upon the consummation
of such sale or transfer or other transaction, be automatically released from its obligations under this Agreement and its obligations
to pledge and grant any Collateral owned by it pursuant to any Collateral Document and, in the case of a sale of all or substantially
all of the Equity Interests of the Subject Guarantor, the pledge of such Equity Interests to the Collateral Agent pursuant to the Collateral
Documents shall be automatically released. So long as the Lead Borrower shall have provided the Agents such certifications or documents
as any Agent shall reasonably request, the Collateral Agent shall take such actions as are necessary to effect each release described
in this <U>Section&nbsp;11.14</U> in accordance with the relevant provisions of 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; text-align: justify; text-indent: 0.5in">When all Commitments hereunder
have terminated, and all Loans or other Obligations hereunder which are accrued and payable have been paid or satisfied, and no Letter
of Credit remains outstanding (except any Letter of Credit the Outstanding Amount of which the Obligations related thereto has been Cash
Collateralized or for which a backstop letter of credit in form and substance, and issued by a financial institution, reasonably satisfactory
to the applicable L/C Issuer has been put in place), this Agreement and the Guarantees made herein shall terminate with respect to all
Obligations, except with respect to Obligations that expressly survive such repayment pursuant to 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;11.15&#9;&#8239;&#8239;&nbsp;<U>Right
of Contribution</U></B>. Each Guarantor hereby agrees that to the extent that a Subsidiary Guarantor shall have paid more than its proportionate
share of any payment made hereunder, such Subsidiary Guarantor shall be entitled to seek and receive contribution from and against any
other Subsidiary Guarantor hereunder which has not paid its proportionate share of such payment. Each Subsidiary Guarantor&rsquo;s right
of contribution shall be subject to the terms and conditions of <U>Section&nbsp;11.08</U>. The provisions of this <U>Section&nbsp;11.16</U>
shall in no respect limit the obligations and liabilities of any Subsidiary Guarantor to the Administrative Agent, the L/C Issuers, and
the Lenders, and each Subsidiary Guarantor shall remain liable to the Administrative Agent, the L/C Issuers and the Lenders for the full
amount guaranteed by such Subsidiary Guarantor hereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;11.16&#9;&#8239;&#8239;&nbsp;<U>Keepwell</U></B>.
Each Qualified ECP Guarantor hereby jointly and severally absolutely, unconditionally, and irrevocably undertakes to provide such funds
or other support as may be needed from time to time by each other Loan Party to honor all of its obligations under this Guarantee in
respect of any Swap Obligation (provided, however, that each Qualified ECP Guarantor shall only be liable under this <U>Section&nbsp;11.16</U>
for the maximum amount of such liability that can be hereby incurred without rendering its obligations under this <U>Section&nbsp;11.16</U>,
or otherwise under this Guarantee, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and not for
any greater amount). The obligations of each Qualified ECP Guarantor under this <U>Section&nbsp;11.16</U> shall remain in full force
and effect until the payment in full and discharge of the Guaranteed Obligations. Each Qualified ECP Guarantor intends that this <U>Section&nbsp;11.16</U>
constitute, and this <U>Section&nbsp;11.16</U> shall be deemed to constitute, a &ldquo;keepwell, support, or other agreement&rdquo; for
the benefit of each other Guarantor for all purposes of section 1a(18)(A)(v)(II)&nbsp;of the Commodity Exchange Act.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;11.17&#9;&#8239;&#8239;&nbsp;<U>Certain
Dutch Guarantors</U></B>. The obligations under this Article&nbsp;XI of any Guarantor incorporated in The Netherlands shall not include
any obligation which if incurred would constitute the provision of unlawful financial assistance within the meaning of Section&nbsp;2:98(c)&nbsp;of
the Dutch Civil 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;11.18&#9;&#8239;&#8239;&nbsp;<U>Specific
Limitations for Swedish Guarantors</U></B>. Notwithstanding anything set out to the contrary in this Agreement or any other Loan
Document, the obligations and liabilities of any Swedish Guarantor under this Agreement shall be limited, if (and only if) required
by an application of the provisions of the Swedish Companies Act, as amended, regulating prohibited loans and guarantees and
distribution of assets and also taking into account any other security granted and/or guarantee given by any Swedish Guarantor
subject to the corresponding limitation, and it is understood that the obligations of any Swedish Guarantor for such obligations and
liabilities under this Agreement shall apply only to the extent permitted by the abovementioned provisions as applied together with
other applicable provisions of the Swedish Companies Act, and any guarantee provided by any Swedish Guarantor hereunder shall be
limited 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;11.19&#9;&#8239;&#8239;&nbsp;<U>Acknowledgment
and Consent to Bail-In of Affected Financial Institutions</U></B>. Notwithstanding anything to the contrary in any Loan Document or
in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liabilities of
any Affected Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the
write-down and conversion powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to
be bound by:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</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;&nbsp;the application of any Write-Down and Conversion Powers by the applicable
Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an Affected
Financial Institution; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;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">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(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 Affected Financial Institution,
its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other
instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any
other Loan Document; or</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in">(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 write-down and conversion powers of the applicable Resolution
Authority.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As used in this Section&nbsp;11.19,
the following terms shall have the meanings set forth below.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;&ldquo;<U>Affected
Financial Institution</U>&rdquo; means (a)&nbsp;any EEA Financial Institution or (b)&nbsp;any UK Financial Institution.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;&ldquo;Bail-In
Action&rdquo; means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any
liability of an Affected Financial Institution.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;&ldquo;Bail-In
Legislation&rdquo; means (a)&nbsp;with respect to any EEA Member Country implementing Article&nbsp;55 of Directive 2014/59/EU of the
European Parliament and of the Council of the European Union, the implementing law, regulation, rule&nbsp;or requirement for such EEA
Member Country from time to time which is described in the EU Bail-In Legislation Schedule and (b)&nbsp;with respect to the United Kingdom,
Part&nbsp;I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule&nbsp;applicable
in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their
affiliates (other than through liquidation, administration or other insolvency proceedings).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;&ldquo;Resolution
Authority&rdquo; means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;&ldquo;UK
Financial Institution&rdquo; means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended form time to time)
promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended
from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment
firms, and certain affiliates of such credit institutions or investment firms.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&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.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&ldquo;Write-Down
and Conversion Powers&rdquo; means (a)&nbsp;with respect to any EEA Resolution Authority, the write-down and conversion powers of such
EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and
conversion powers are described in the EU Bail-In Legislation Schedule and (b)&nbsp;with respect to the United Kingdom, any powers of
the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any
UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that liability into
shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect
as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In
Legislation that are related to or ancillary to any of those powers.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;11.20&#9;&#8239;&#8239;&nbsp;<U>Specific
Limitations for Finnish Guarantors</U></B>.&#8239;Notwithstanding anything to the contrary in this Agreement
or any other Loan Document, the obligations and liabilities of each Guarantor incorporated under the laws of Finland shall be limited
if, and only to the extent, required by the mandatory provisions of the Finnish Companies Act (Fi: <I>osakeyhti&ouml;laki</I> 624/2006,
as amended, the &ldquo;<U>Finnish Companies Act</U>&rdquo;) regulating (i)&nbsp;unlawful financial assistance, as provided in Chapter
13, Section&nbsp;10 of the Finnish Companies Act or (ii)&nbsp;distribution of assets, as provided in Chapter 13, Section&nbsp;1 of the
Finnish Companies Act.</P>

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

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

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    <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-indent: 0.25in">IN WITNESS WHEREOF, the parties hereto have caused
this Agreement to be duly executed by their respective authorized officers as of the day and year first above written.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
  <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
  <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>TRINSEO LUXCO
  S.&Agrave; R.L,</B></FONT></TD></TR>

<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
  <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
  <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
  <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
  <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">as Holdings</FONT></TD></TR>

<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
  <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
  <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
  <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
  <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
  <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
  David Stasse</FONT></TD></TR>

<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
  <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
  <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
  <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 47%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: David Stasse</FONT></TD></TR>

<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
  <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
  <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
  <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Manager</FONT></TD></TR>
</TABLE>


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

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page&nbsp;to OpCo DIP Credit Agreement]</P>

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

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

<!-- Field: Split-Segment; Name: 02 -->
<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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">TRINSEO
    HOLDING S.&Agrave; R.L.,</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">as
    Lead Borrower</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</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%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    David Stasse</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: David Stasse</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Manager</FONT></TD></TR>
  </TABLE>


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

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page&nbsp;to OpCo DIP Credit Agreement]</P>

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

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

<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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">TRINSEO
    MATERIALS FINANCE,&nbsp;INC.,</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">as
    Co-Borrower</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</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%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By: </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    David Stasse</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: David Stasse</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Executive Vice President and Chief Financial Officer</FONT></TD></TR>
  </TABLE>


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

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page&nbsp;to OpCo DIP Credit Agreement]</P>

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

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

<!-- Field: Page; Sequence: 162 -->
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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>

<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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">TRINSEO
    US HOLDING,&nbsp;INC.,</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">as
    Guarantor</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></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%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:
    </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    David Stasse</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:
    David Stasse</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:
    Executive Vice President and Chief Financial Officer</FONT></TD></TR>
  </TABLE>


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

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page&nbsp;to OpCo DIP Credit Agreement]</P>

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

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

<!-- Field: Page; Sequence: 163 -->
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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>

<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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">TRINSEO
    LLC,</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">as
    Guarantor</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</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%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    David Stasse</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: David Stasse</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Executive Vice President and Chief Financial Officer</FONT></TD></TR>
  </TABLE>


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

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page&nbsp;to OpCo DIP Credit Agreement]</P>

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

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

<!-- Field: Page; Sequence: 164 -->
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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>

<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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">TRINSEO
    INTERNATIONAL HOLDING LLC,</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">as
    Guarantor</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></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%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    David Stasse</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:
    David Stasse</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:
    Executive Vice President and Chief Financial Officer</FONT></TD></TR>
  </TABLE>


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

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page&nbsp;to OpCo DIP Credit Agreement]</P>

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

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

<!-- Field: Page; Sequence: 165 -->
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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>

<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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">TRINSEO
    (HONG KONG) LIMITED,</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">as
    Guarantor</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></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%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    David Stasse</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:
    David Stasse</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:
    Authorized Signatory</FONT></TD></TR>
  </TABLE>


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

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page&nbsp;to OpCo DIP Credit Agreement]</P>

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

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

<!-- Field: Page; Sequence: 166 -->
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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>

<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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">TRINSEO
    HOLDINGS ASIA PTE. LTD.,</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">as
    Guarantor</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</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%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    David Stasse</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:
    David Stasse</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:
    Authorized Signatory</FONT></TD></TR>
  </TABLE>


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

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page&nbsp;to OpCo DIP Credit Agreement]</P>

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

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

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<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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">TRINSEO
    IRELAND GLOBAL IHB LIMITED COMPANY,</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">as
    Guarantor</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></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%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    David Stasse</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:
    David Stasse</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:
    Authorized Signatory</FONT></TD></TR>
  </TABLE>


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

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page&nbsp;to OpCo DIP Credit Agreement]</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">TRINSEO
    SERVICES IRELAND LIMITED,</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">as
    Guarantor</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></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%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    David Stasse</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:
    David Stasse</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:
    Authorized Signatory</FONT></TD></TR>
  </TABLE>


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

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page&nbsp;to OpCo DIP Credit Agreement]</P>

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

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

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<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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">TRINSEO
    NETHERLANDS B.V.,</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">as
    Guarantor</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</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%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    David Stasse</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: David Stasse</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Authorized Signatory</FONT></TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page&nbsp;to OpCo DIP Credit Agreement]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></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>

<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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">TRINSEO
    HOLDING B.V.,</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">as
    Guarantor</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</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%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By: </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    David Stasse</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: David Stasse</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Authorized Signatory</FONT></TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page&nbsp;to OpCo DIP Credit Agreement]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">HEATHLAND
    B.V.,</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">as
    Guarantor</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></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%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By: </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    David Stasse</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: David Stasse</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Authorized Signatory</FONT></TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page&nbsp;to OpCo DIP Credit Agreement]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></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>

<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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">TRINSEO
    SUOMI OY,</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">as
    Guarantor</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</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%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By: </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    David Stasse</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: David Stasse</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Authorized Signatory</FONT></TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page&nbsp;to OpCo DIP Credit Agreement]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 173 -->
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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>

<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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">TRINSEO
    SVERIGE AB,</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">as
    Guarantor</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></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%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    David Stasse</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:
    David Stasse</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:
    Authorized Signatory</FONT></TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page&nbsp;to OpCo DIP Credit Agreement]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 174 -->
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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>

<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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">DEUTSCHE
    BANK AG NEW YORK BRANCH,</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">as
    Administrative Agent and Collateral Agent</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></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%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    Phillip Tancorra</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:
    Philip Tancorra</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:
    Director</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    Philip Saliba</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:
    Philip Saliba</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:
    Managing Director</FONT></TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page&nbsp;to OpCo DIP Credit Agreement]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt 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">[Lender Signatures on file with 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>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>tm2615985d1_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&#8239;</P>

<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Exhibit&#8239;10.2</P>

<P STYLE="font: 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"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 1pt solid">&#8239;</DIV></DIV><!-- Field: /Rule-Page -->

<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">SENIOR SECURED SUPER-PRIORITY DEBTOR-IN-POSSESSION
HOLDCO CREDIT 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">Dated as of May&#8239;28, 2026</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">among</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">TRINSEO PLC,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">as Parent and as Debtor and Debtor-in-Possession,</P>

<P STYLE="font: 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="font-size: 10pt; text-transform: uppercase">Trinseo
NA Finance LLC</FONT>,<BR>
as Holdings and as Debtor and Debtor-in-Possession,</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">TRINSEO LUXCO FINANCE SPV S.&Agrave; R.L.,<BR>
as the Lead Borrower and as Debtor and Debtor-in-Possession,</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"><FONT STYLE="font-size: 10pt; text-transform: uppercase">Trinseo
NA Finance SPV LLC</FONT>,<BR>
as the Co-Borrower and as Debtor and Debtor-in-Possession,</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">THE GUARANTORS PARTY HERETO FROM TIME TO TIME</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">if a Debtor, as Debtor and Debtor-in-Possession,</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">THE LENDERS PARTY HERETO FROM TIME TO TIME,</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">and</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">ALTER DOMUS (US) LLC,<BR>
as Administrative Agent and Collateral 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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 1pt solid">&#8239;</DIV></DIV><!-- Field: /Rule-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>

<!-- Field: Page; Sequence: 1 -->
    <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"><U>Table of Contents</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: right"><U>Page</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-size: 10pt; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal; text-transform: uppercase">Article&#8239;I
    Definitions and Accounting Terms &#8239;&#8239;&#8239;&#8239;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">2</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-size: 10pt; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: normal">&#8239;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-style: normal; font-weight: normal">&#8239;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 12%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;1.01</FONT></TD>
    <TD STYLE="font-size: 10pt; width: 78%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Defined
    Terms</FONT></TD>
    <TD STYLE="font-size: 10pt; width: 10%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">2</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;1.02</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Luxembourg
    Terms</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">44</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;1.03</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Reserved</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">45</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;1.04</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Other
    Interpretive Provisions</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">46</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;1.05</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Accounting
    Terms</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">46</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;1.06</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Rounding</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">46</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;1.07</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">References
    to Agreements, Laws, Etc.</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">47</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;1.08</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Times
    of Day</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">47</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;1.09</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Timing
    of Payment of Performance</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">47</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;1.10</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Reserved</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">47</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;1.11</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Currency
    Equivalents</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">47</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;1.12</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Reserved</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">47</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;1.13</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Reserved</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">47</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;1.14</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Rates</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">47</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;1.15</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">German
    Terms</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">48</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;1.16</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Restricted
    Lender/Loan Party</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">49</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;1.17</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Authorization</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">50</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;1.18</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Cashless
    Roll</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">50</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-style: normal; font-weight: normal">&#8239;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-style: normal; font-weight: normal">&#8239;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-style: normal; font-weight: normal">&#8239;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-size: 10pt; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal; text-transform: uppercase">Article&#8239;II
    The Commitments and Credit Extensions</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">50</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-size: 10pt; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: normal">&#8239;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-style: normal; font-weight: normal">&#8239;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;2.01</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Term
    Loans</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">50</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;2.02</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Borrowings,
    Conversions and Continuations of Loans</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">52</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;2.03</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Reserved</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">53</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;2.04</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Reserved</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">53</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;2.05</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Prepayments</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">53</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;2.06</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Termination
    or Reduction of Commitments</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">56</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;2.07</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Repayment
    of Loans</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">56</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;2.08</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Interest</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">56</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;2.09</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Payments</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">57</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;2.10</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Computation
    of Interest and Fees</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">57</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;2.11</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Evidence
    of Indebtedness</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">57</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;2.12</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Payments
    Generally</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">58</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;2.13</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Sharing
    of Payments</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">60</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;2.14</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Reserved</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">61</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;2.15</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Reserved</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">61</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;2.16</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Reserved</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">61</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;2.17</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Reserved</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">61</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;2.18</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Reserved</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">61</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;2.19</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Defaulting
    Lenders</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">61</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;2.20</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Borrower
    Obligations Joint and Several</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">62</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;2.21</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Benchmark
    Replacement Setting</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">63</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;2.22</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Tax
    Treatment</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">64</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-style: normal; font-weight: normal">&#8239;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-style: normal; font-weight: normal">&#8239;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-style: normal; font-weight: normal">&#8239;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-size: 10pt; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal; text-transform: uppercase">Article&#8239;III
    Taxes,&#8239;Increased Costs Protection and Illegality</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">65</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-size: 10pt; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: normal">&#8239;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-style: normal; font-weight: normal">&#8239;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;3.01</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Taxes</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">65</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0">&#8239;</P>

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<P STYLE="margin: 0">&#8239;</P>

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    <TD STYLE="font-size: 10pt; width: 12%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;3.02</FONT></TD>
    <TD STYLE="font-size: 10pt; width: 78%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Illegality</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right; width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">70</FONT></TD></TR>
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    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;3.03</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Inability
    to Determine Rates</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">70</FONT></TD></TR>
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    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;3.04</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Increased
    Cost and Reduced Return; Capital Adequacy</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">71</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;3.05</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">[Reserved]</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">72</FONT></TD></TR>
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    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;3.06</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Matters
    Applicable to All Requests for Compensation</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">72</FONT></TD></TR>
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    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;3.07</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Replacement
    of Lenders under Certain Circumstances</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">73</FONT></TD></TR>
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    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;3.08</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Survival</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">74</FONT></TD></TR>
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    <TD STYLE="font-size: 10pt"><FONT STYLE="font-style: normal; font-weight: normal">&#8239;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-style: normal; font-weight: normal">&#8239;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-style: normal; font-weight: normal">&#8239;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-size: 10pt; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal; text-transform: uppercase">Article&#8239;IV
    Conditions Precedent to Credit Extensions</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">74</FONT></TD></TR>
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    <TD COLSPAN="2" STYLE="font-size: 10pt; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: normal">&#8239;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-style: normal; font-weight: normal">&#8239;</FONT></TD></TR>
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    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;4.01</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Conditions
    Precedent to Closing</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">74</FONT></TD></TR>
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    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;4.02</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">[Reserved]</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">77</FONT></TD></TR>
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    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;4.03</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">All
    Credit Events</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">77</FONT></TD></TR>
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    <TD STYLE="font-size: 10pt"><FONT STYLE="font-style: normal; font-weight: normal">&#8239;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-style: normal; font-weight: normal">&#8239;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-style: normal; font-weight: normal">&#8239;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-size: 10pt; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal; text-transform: uppercase">Article&#8239;V
    Representations and Warranties</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">78</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-size: 10pt; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: normal">&#8239;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-style: normal; font-weight: normal">&#8239;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;5.01</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Existence,
    Qualification and Power; Compliance with Laws</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">78</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;5.02</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Authorization;
    No Contravention</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">78</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;5.03</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Governmental
    Authorization; Other Consents</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">79</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;5.04</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Binding
    Effect</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">79</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;5.05</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Financial
    Statements; No Material Adverse Effect</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">79</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;5.06</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Litigation</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">80</FONT></TD></TR>
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    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;5.07</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Ownership
    of Property; Liens</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">80</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;5.08</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Environmental
    Matters</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">80</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;5.09</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Taxes</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">81</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;5.10</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">ERISA
    Compliance</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">81</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;5.11</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Subsidiaries;
    Equity Interests</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">81</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;5.12</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Margin
    Regulations; Investment Company Act</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">82</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;5.13</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Disclosure</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">82</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;5.14</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Designation</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">82</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;5.15</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Intellectual
    Property; Licenses, Etc.</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">82</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;5.16</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">[Reserved]</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">83</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;5.17</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Subordination
    of Junior Financing</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">83</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;5.18</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Collateral
    Documents</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">83</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;5.19</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Centre
    of Main Interest</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">83</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;5.20</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Pensions
    Act</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">84</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;5.21</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">[Reserved</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">84</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;5.22</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">USA
    Patriot Act, Anti-Corruption Laws, Anti-Money Laundering Laws and Sanctions</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">84</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;5.23</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Luxembourg
    Specific Representations</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">85</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;5.24</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">No
    Public Financial Support in Connection with the Covid-19 Pandemic</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">85</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;5.25</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Budget;
    Variance Report</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">85</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;5.26</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Orders</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">85</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;5.27</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Bankruptcy
    Matters</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">86</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;5.28</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Insolvency</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">86</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;5.29</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Centre
    of Main Interest</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">86</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-style: normal; font-weight: normal">&#8239;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-style: normal; font-weight: normal">&#8239;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-style: normal; font-weight: normal">&#8239;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-size: 10pt; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal; text-transform: uppercase">Article&#8239;VI
    Affirmative Covenants</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">86</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-size: 10pt; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: normal">&#8239;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-style: normal; font-weight: normal">&#8239;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;6.01</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Financial
    Statements</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">86</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Section&#8239;6.02</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Certificates;
    Other Information</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">87</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0">&#8239;</P>

<!-- Field: Page; Sequence: 3; Value: 1 -->
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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="margin: 0">&#8239;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 12%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;6.03</FONT></TD>
    <TD STYLE="font-size: 10pt; width: 78%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Notices</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right; width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">87</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;6.04</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Payment of Taxes</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">88</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;6.05</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Preservation of Existence,
    Etc.</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">88</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;6.06</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Maintenance of Properties</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">88</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;6.07</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Maintenance of Insurance</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">88</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;6.08</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Compliance with Laws</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">89</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;6.09</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Books and Records</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">89</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;6.10</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Inspection Rights</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">89</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;6.11</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Additional Collateral</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">90</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;6.12</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reserved</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">90</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;6.13</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reserved</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">90</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;6.14</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Further Assurances</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">90</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;6.15</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reserved</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">90</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;6.16</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reserved</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">90</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;6.17</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Use of Proceeds</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">90</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;6.18</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Post-Closing Actions</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">91</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;6.19</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Compliance with Anti-Corruption
    Laws</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">91</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;6.20</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Liquidity</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">91</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;6.21</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Lender Calls</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">91</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;6.22</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Budget and Variance Reporting</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">91</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;6.23</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Milestones</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">92</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;6.24</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Bankruptcy Related Matters</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">92</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-size: 10pt; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Article&#8239;VII
    Negative Covenants</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">93</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-size: 10pt; padding-left: 10pt; text-indent: -10pt">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;7.01</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Liens</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">93</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;7.02</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Subsidiaries</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">97</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;7.03</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Indebtedness</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">97</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;7.04</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fundamental Changes</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">100</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;7.05</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dispositions</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">100</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;7.06</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Restricted Payments</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">102</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;7.07</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain Undertakings Relating
    to Separateness</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">102</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;7.08</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Transactions with Affiliates</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">104</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;7.09</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Burdensome Agreements</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">105</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;7.10</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Americas Styrenics</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">106</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;7.11</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Prepetition OpCo Credit Agreement</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">106</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;7.12</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accounting Changes</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">106</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;7.13</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Prepayments, Etc. of Indebtedness</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">106</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;7.14</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Specified IP Covenant</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">107</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;7.15</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Foreign Guarantors</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">107</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;7.16</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No Flowback</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">107</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;7.17</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Permitted Variance; Liquidity</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">108</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;7.18</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chapter 11 Cases</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">108</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;7.19</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Centre of Main Interests</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">109</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-size: 10pt; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Article&#8239;VIII
    Events of Default and Remedies</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">109</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-size: 10pt; padding-left: 10pt; text-indent: -10pt">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;8.01</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Events of Default</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">109</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;8.02</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Remedies Upon Event of Default</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">115</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;8.03</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Application of Funds</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">116</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0">&#8239;</P>

<!-- Field: Page; Sequence: 4; Value: 1 -->
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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="margin: 0">&#8239;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-size: 10pt; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Article&#8239;IX
    Administrative Agent and Other Agents</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">117</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-size: 10pt; padding-left: 10pt; text-indent: -10pt">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 12%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;9.01</FONT></TD>
    <TD STYLE="font-size: 10pt; width: 78%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Appointment and Authorization
    of Agents</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right; width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">117</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;9.02</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Delegation of Duties</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">119</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;9.03</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Liability of Agents</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">119</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;9.04</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reliance by Agents</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">120</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;9.05</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Notice of Default</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">122</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;9.06</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Credit Decision; Disclosure
    of Information by Agents</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">122</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;9.07</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Indemnification of Agents</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">123</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;9.08</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Merger or Consolidation</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">123</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;9.09</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Successor Agents</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">124</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;9.10</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Administrative Agent May&#8239;File
    Proofs of Claim</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">125</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;9.11</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Collateral and Guaranty Matters</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">126</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;9.12</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain Rights of Agent</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">128</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;9.13</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Appointment of Supplemental
    Agents</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">128</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;9.14</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Force Majeure</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">129</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;9.15</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Parallel Debt owed to Collateral
    Agent</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">129</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;9.16</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No Discretion</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">130</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;9.17</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">German Security Documents</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">130</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-size: 10pt; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Article&#8239;X
    Miscellaneous&#8239;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">132</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-size: 10pt; padding-left: 10pt; text-indent: -10pt">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;10.01</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amendments, Etc.</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">132</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;10.02</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Notices and Other Communications;
    Facsimile Copies</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">134</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;10.03</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No Waiver; Cumulative Remedies</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">135</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;10.04</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attorney Costs and Expenses</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">135</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;10.05</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Indemnification</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">136</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;10.06</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Payments Set Aside</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">137</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;10.07</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Successors and Assigns</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">137</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;10.08</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Confidentiality</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">142</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;10.09</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Setoff</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">143</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;10.10</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Interest Rate Limitation</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">143</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;10.11</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Counterparts</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">143</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;10.12</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Integration</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">144</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;10.13</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Survival of Representations
    and Warranties</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">144</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;10.14</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Severability</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">144</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;10.15</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">GOVERNING LAW</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">145</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;10.16</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WAIVER OF RIGHT TO TRIAL BY
    JURY</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">146</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;10.17</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Binding Effect</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">146</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;10.18</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">USA Patriot Act</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">146</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;10.19</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No Advisory or Fiduciary Responsibility</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">146</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;10.20</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Judgment Currency</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">147</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;10.21</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reserved</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">148</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;10.22</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Order Control</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">148</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;10.23</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain ERISA Matters</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">148</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;10.24</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Indonesian Language</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">150</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Article&#8239;XI
    Guarantee&#8239;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">150</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;11.01</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Guarantee</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">150</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;11.02</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Obligations Unconditional</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">150</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0">&#8239;</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="margin: 0">&#8239;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 12%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;11.03</FONT></TD>
    <TD STYLE="font-size: 10pt; width: 78%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reinstatement</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right; width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">152</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;11.04</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Subrogation; Subordination</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">152</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;11.05</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Remedies</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">152</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;11.06</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Instrument for the Payment
    of Money</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">152</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;11.07</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Continuing Guarantee</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">152</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;11.08</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">General Limitation on Guarantee
    Obligations</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">152</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;11.09</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Specific Limitation for Swiss
    Guarantors</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">153</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;11.10</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Specific Limitation for Belgian
    Guarantors</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">154</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;11.11</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Specific Limitation for Irish
    Guarantors</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">155</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;11.12</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Specific Limitation for German
    Guarantors</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">156</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;11.13</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reserved</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">158</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;11.14</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reserved</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">158</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;11.15</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Release of Guarantors</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">158</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;11.16</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Right of Contribution</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">158</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;11.17</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reserved</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">158</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;11.18</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reserved</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">159</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;11.19</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reserved</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">159</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;11.20</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Acknowledgment and Consent
    to Bail-In of Affected Financial Institutions</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">159</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&nbsp;(<!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->v<!-- Field: /Sequence -->)</P></DIV>
    <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"><U>SCHEDULES</U></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"><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 12%; text-align: left"><FONT STYLE="font-size: 10pt">Schedule 1.01A</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%; text-align: center"><FONT STYLE="font-size: 10pt">--</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 83%; text-align: left"><FONT STYLE="font-size: 10pt">New Money Commitments</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Schedule 1.01B</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">--</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Milestones</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Schedule 1.01C</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">--</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">[Reserved]</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Schedule 1.01D</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">--</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">Loan Parties</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Schedule 1.01E</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">--</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">Investments</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Schedule 5.08(a)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">--</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">Environmental Matters</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Schedule 5.15</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">--</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">[Reserved]</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Schedule 6.18</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">--</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">Post-Closing Actions</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Schedule 7.01(k)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">--</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Liens</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Schedule 7.03(j)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">--</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Indebtedness</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Schedule 7.07(o)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">--</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">Independent Managers</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Schedule 7.08</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">--</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">Affiliate Transactions</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Schedule 10.02</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">--</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">Notices and Other Communications</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"><U>EXHIBITS</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"><I>Form&#8239;of</I></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"><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 8%; text-align: left"><FONT STYLE="font-size: 10pt">Exhibit&#8239;A</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 6%; text-align: center"><FONT STYLE="font-size: 10pt">--</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 86%; text-align: left"><FONT STYLE="font-size: 10pt">Committed
    Loan Notice</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">Exhibit&#8239;B</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">--</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">Term
    Note</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">Exhibit&#8239;C</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">--</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">Assignment
    and Assumption</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">Exhibit&#8239;D</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">--</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">Pledge
    and Security Agreement</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">Exhibit&#8239;E</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">--</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">Guarantor
    Joinder</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">Annex I</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">Initial
    Budget</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>

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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; text-align: center"><U>SENIOR SECURED SUPER-PRIORITY DEBTOR-IN-POSSESSION
HOLDCO CREDIT AGREEMENT</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: justify; text-indent: 0.5in">This SENIOR SECURED SUPER-PRIORITY
DEBTOR-IN-POSSESSION HOLDCO CREDIT AGREEMENT is entered into as of May&#8239;28, 2026 (as may be amended, supplemented and/or otherwise
modified from time to time in accordance with the terms hereof, this &ldquo;<U>Agreement</U>&rdquo;), among TRINSEO PLC, an Irish a public
limited company (&ldquo;<U>Parent</U>&rdquo;) as a debtor and debtor-in-possession in the Chapter&#8239;11 Cases, <FONT STYLE="text-transform: uppercase">Trinseo
NA Finance LLC</FONT>, a Texas limited liability company (&ldquo;<U>Holdings</U>&rdquo;) as a debtor and debtor-in possession in the
Chapter&#8239;11 Cases , TRINSEO LUXCO FINANCE SPV S.&Agrave; R.L., a private limited liability company (<I>soci&eacute;t&eacute; &agrave;
responsabilit&eacute; limit&eacute;e</I>), incorporated and existing under the laws of Luxembourg, having its registered office at 130,
boulevard de la P&eacute;trusse, L-2330 Luxembourg, registered with the R.C.S. Luxembourg under number B279526 (the &ldquo;<U>Lead Borrower</U>&rdquo;),
as a debtor and debtor-in possession in the Chapter&#8239;11 Cases, <FONT STYLE="text-transform: uppercase">Trinseo NA Finance SPV LLC</FONT>,
a Delaware limited liability company (the &ldquo;<U>Co-Borrower</U>&rdquo;, together with the Lead Borrower, the &ldquo;<U>Borrowers</U>&rdquo;
and each, a &ldquo;<U>Borrower</U>&rdquo;) as a debtor and debtor-in possession in the Chapter&#8239;11 Cases, the Guarantors party hereto
from time to time, if an SHC Debtor, as a debtor and debtor-in possession in the Chapter&#8239;11 Cases, the Lenders party hereto from
time to time (collectively, the &ldquo;<U>Lenders</U>&rdquo; and individually, a &ldquo;<U>Lender</U>&rdquo;) and ALTER DOMUS (US) LLC,
as Administrative Agent and Collateral 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>PRELIMINARY STATEMENTS</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: justify; text-indent: 0.5in">On May&#8239;26, 2026 (the
 &ldquo;<B>Petition Date</B>&rdquo;), Holdings and certain of its Affiliates, in their capacities as debtors and debtors in possession
(Holdings and such Affiliates, each as set forth under the heading &ldquo;SHC Debtors&rdquo; on <U>Schedule 1.01D</U>, collectively,
the &ldquo;<B>SHC Debtors</B>&rdquo;, and, each, an &ldquo;<B>SHC Debtor</B>&rdquo;) filed voluntary petitions with the United States
Bankruptcy Court for the Southern District of Texas, Houston Division (the &ldquo;<B>Bankruptcy Court</B>&rdquo;) initiating their respective
jointly administered cases under Chapter&#8239;11 of the Bankruptcy Code (Case No.&#8239;26-90545) (collectively, the &ldquo;<B>Chapter&#8239;11
Cases</B>&rdquo;), and each SHC Debtor has continued and is continuing in the possession of its assets and management of its business
pursuant to Sections&#8239;1107 and&#8239;1108 of the Bankruptcy 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
Borrowers have requested that the Lenders provide the Borrowers with a senior secured super-priority priming term loan debtor-in-possession
credit facility (the &ldquo;<B>DIP Facility</B>&rdquo;), consisting of (a)&#8239;(i)&#8239;New Money Commitments funded by the Lenders
on the Closing Date and (ii)&#8239;the New Money Commitments funded by the Lenders after the Closing Date in accordance with the terms
and conditions of this Agreement and the DIP Orders, </FONT>and (b)&#8239;Prepetition Super HoldCo Secured Obligations that will be deemed
 &ldquo;rolled up&rdquo; as term loans hereunder on a dollar-for-dollar basis, in each case, pursuant to the terms, and subject to the
conditions set forth, in this Agreement and the DIP Orders;</P>

<P STYLE="font: 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">The Lenders are willing to
make term loans to the Borrowers, subject to the terms and conditions set forth in this Agreement and the DIP Orders; 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-align: justify; text-indent: 0.5in">The Obligations of the Borrowers
are guaranteed by the Guarantors and, secured by Liens on the Collateral, in each case, as set forth in, and subject to, the Loan Documents
and the DIP Orders.</P>

<P STYLE="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: justify; text-indent: 0.5in">In consideration of the mutual
covenants and agreements herein contained, the parties hereto covenant and agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Article&#8239;I</B></FONT></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"><FONT STYLE="text-transform: uppercase"><B>Definitions
and Accounting Terms</B></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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;1.01&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Defined
Terms</B>. As used in this Agreement, the following terms shall have the meanings set forth 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: 0.5in">&ldquo;<U>Ad Hoc Group</U>&rdquo;
means that certain ad hoc group of Prepetition Super HoldCo Lenders represented by Paul Hastings LLP and PJT Partners LP.</P>

<P STYLE="font: 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">&ldquo;<U>Ad Hoc Group&rsquo;s
Advisors</U>&rdquo; means, collectively, (i)&#8239;Paul Hastings, LLP, as counsel to the Ad Hoc Group, (ii)&#8239;PJT Partners LP, as financial
advisor to the Ad Hoc Group, in accordance with the terms of that certain fee letter effective as of April&#8239;20, 2026, and (iii)&#8239;subject
to prior written consent of the Lead Borrower (such consent not to be unreasonably withheld, conditioned or delayed), such other attorneys,
financial advisors or professionals retained by or on behalf of the Ad Hoc Group (including the retention of any such professionals made
by Paul Hastings).</P>

<P STYLE="font: 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">&ldquo;<U>Adequate Protection
Provisions</U>&rdquo; means the provisions in the Interim DIP Order or, once entered, in the Final DIP Order, granting adequate protection
to the Prepetition SHC 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-align: justify; text-indent: 0.5in">&ldquo;<U>Administrative
Agent</U>&rdquo; means Alter Domus (US) LLC, in its capacity as administrative agent under any of the Loan Documents, or any successor
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">&ldquo;<U>Administrative
Agent&rsquo;s Office</U>&rdquo; means the Administrative Agent&rsquo;s address and account as set forth on <U>Schedule 10.02</U>, or
such other address or account as the Administrative Agent may from time to time notify the Lead Borrower and the Lenders.</P>

<P STYLE="font: 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">&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">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Affiliate</U>&rdquo;
means, with respect to any Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled
by or is under common Control with the Person specified.</P>

<P STYLE="font: 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">&ldquo;<U>Agent-Related Persons</U>&rdquo;
means the Agents, together with their respective Affiliates, and the officers, directors, employees, agents and attorneys-in-fact of
such Persons and Affiliates.</P>

<P STYLE="font: 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">&ldquo;<U>Agent Fee Letter</U>&rdquo;
means that certain fee letter, dated as of May&#8239;28, 2026, by and between the Borrowers and the Administrative Agent, as amended,
amended and restated, supplemented or otherwise modified 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-align: justify; text-indent: 0.5in">&ldquo;<U>Agents</U>&rdquo;
means, collectively, the Administrative Agent, the Collateral Agent and the Supplemental Agents (if any).</P>

<P STYLE="font: 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">&ldquo;<U>Aggregate Commitments</U>&rdquo;
means the New Money Commitments of all the Lenders.</P>

<P STYLE="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">&ldquo;<U>Agreement</U>&rdquo;
means this Credit Agreement, as the same may be amended, supplemented or otherwise modified 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-align: justify; text-indent: 0.5in">&ldquo;<U>Altuglas</U>&rdquo;
means Altuglas LLC, a Delaware limited liability 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: justify; text-indent: 0.5in">&ldquo;<U>Altuglas IP License
Agreement</U>&rdquo; has the meaning set forth in the definition of Specified IP License agreements.</P>

<P STYLE="font: 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">&ldquo;<U>Amended and Restated
Specified IP License Agreements</U>&rdquo; means, collectively, (i)&#8239;the Amended and Restated Technology License Agreement dated
January&#8239;17, 2025 entered into between Trinseo Europe, as licensor, and Altuglas, as licensee, which amends and replaces the Altuglas
IP License Agreement and (ii)&#8239;the Amended and Restated Technology License Agreement dated January&#8239;17, 2025, entered into between
Trinseo Europe, as licensor, and Aristech, as licensee, which amends and replaces the Aristech IP License 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">&ldquo;<U>Amendment and Restatement
Agreement to the Security Trust Agreement</U>&rdquo; means the German law governed amendment and restatement agreement to the security
trust agreement originally dated 4 February&#8239;2024 (as amended and restated pursuant to an amendment and restatement agreement 17
January&#8239;2025, the &ldquo;<U>Security Trust Agreement</U>&rdquo;) between, inter alia, the Collateral Agent, the Prepetition Second
Lien Trustee, the Loan Parties and the Original Debtors (as defined in the Security Trust 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">&ldquo;<U>Americas Styrenics</U>&rdquo;
means Americas Styrenics LLC, a Delaware limited liability 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: justify; text-indent: 0.5in">&ldquo;<U>Annual Financial
Statements</U>&rdquo; means the audited consolidated balance sheets and related statements of comprehensive income, shareholders&rsquo;
equity and cash flows of Americas Styrenics for the fiscal year ended December&#8239;31, 2025.</P>

<P STYLE="font: 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">&ldquo;<U>Annual Threshold</U>&rdquo;
has the meaning set forth in <U>Section&#8239;2.05(b)(iii)</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: justify; text-indent: 0.5in">&ldquo;<U>Anti-Corruption
Laws</U>&rdquo; means all laws, rules, and regulations of any jurisdiction from time to time concerning or relating to bribery or corruption
applicable to Holdings or its Subsidiaries by virtue of such Person being organized or operating in such 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-align: justify; text-indent: 0.5in">&ldquo;<U>Applicable Margin</U>&rdquo;
means a percentage per annum equal 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; text-align: justify; text-indent: 0.5in">(a)&#8239;with respect to
the New Money Term Loans maintained as: (i)&#8239;Base Rate Loans, 8.00% and (ii)&#8239;SOFR Rate Loans, 9.00%; 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-align: justify; text-indent: 0.5in">(b)&#8239;with Roll Up Term
Loans maintained as: (i)&#8239;Base Rate Loans, 7.50% and (ii)&#8239;SOFR Rate Loans, 8.50%.</P>

<P STYLE="font: 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">&ldquo;<U>Applicable Period</U>&rdquo;
means, with respect to any Variance Report Deadline occurring on a Variance Covenant Test Date, the two-week period consisting of (i)&#8239;the
calendar week ending on the Sunday immediately preceding such Variance Report Deadline and (ii)&#8239;the calendar week immediately preceding
such week, in each case as set forth in the then-current Approved Budget.</P>

<P STYLE="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">&ldquo;<U>Approved Bank</U>&rdquo;
has the meaning set forth in clause&#8239;3 of the definition of &ldquo;<U>Cash Equivalents</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: 0.5in">&ldquo;<U>Approved Fund</U>&rdquo;
means any Fund that is administered, advised or managed by (a)&#8239;a Lender, (b)&#8239;an Affiliate of a Lender or (c)&#8239;an entity
or an Affiliate of an entity that administers, advises or manages 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-align: justify; text-indent: 0.5in">&ldquo;<U>Aristech</U>&rdquo;
means Aristech Surfaces LLC, a Kentucky limited liability 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: justify; text-indent: 0.5in">&ldquo;<U>Aristech IP License
Agreement</U>&rdquo; has the meaning set forth in the definition of Specified IP License agreements.</P>

<P STYLE="font: 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">&ldquo;<U>Assignees</U>&rdquo;
has the meaning set forth in <U>Section&#8239;10.07(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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Assignment and
Assumption</U>&rdquo; shall mean an assignment and assumption entered into by a Lender and an assignee (with the consent of any party
whose consent is required by <U>Section&#8239;10.07</U>), in the form of Exhibit&#8239;C or any other form approved by the Administrative
Agent and the Lead 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-align: justify; text-indent: 0.5in">&ldquo;<U>Attorney Costs</U>&rdquo;
means and includes all reasonable, documented fees, expenses and disbursements of any law firm or other external legal counsel required
to be reimbursed by any Loan Party pursuant to the terms of any 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-align: justify; text-indent: 0.5in">&ldquo;<U>Attributable Indebtedness</U>&rdquo;
means, on any date, in respect of any Capitalized Lease of any Person, the capitalized amount thereof that would appear on a balance
sheet of such Person prepared as of such date in accordance with GAAP.</P>

<P STYLE="font: 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">&ldquo;<U>Available Tenor</U>&rdquo;
means, as of any date of determination and with respect to the then-current Benchmark, as applicable, if such Benchmark is a term rate,
any tenor for such Benchmark (or component thereof) that is or may be used for determining the length of an interest period pursuant
to this Agreement 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 <U>Section&#8239;2.20(d)</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: justify; text-indent: 0.5in">&ldquo;<U>Bail-In Action</U>&rdquo;
means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of
an EEA Financial Institution.</P>

<P STYLE="font: 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">&ldquo;<U>Bail-In Legislation</U>&rdquo;
means, with respect to any EEA Member Country implementing Article&#8239;55 of Directive 2014/59/EU of the European Parliament and of
the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In
Legislation Schedule.</P>

<P STYLE="font: 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">&ldquo;<U>Basel&#8239;III</U>&rdquo;
means:</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
agreements on capital requirements, a leverage ratio and liquidity standards contained in &quot;Basel III: A global regulatory framework
for more resilient banks and banking systems&quot;, &quot;Basel III: International framework for liquidity risk measurement, standards
and monitoring&quot; and &quot;Guidance for national authorities operating the countercyclical capital buffer&quot; published by the
Basel Committee on Banking Supervision in December&#8239;2010, each as amended, supplemented or restated;</P>

<P STYLE="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"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
rules&#8239;for global systemically important banks contained in &quot;Global systemically important banks: assessment methodology and
the additional loss absorbency requirement &ndash; Rules&#8239;text&quot; published by the Basel Committee on Banking Supervision in November&#8239;2011,
as amended, supplemented or restated; 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>any
further guidance or standards published by the Basel Committee on Banking Supervision relating to &quot;Basel III&quot;.</P>

<P STYLE="font: 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">&ldquo;<U>Base Rate</U>&rdquo;
means for any day a fluctuating rate per annum equal to the highest of (a)&#8239;the Federal Funds Rate <U>plus</U> 1/2 of 1%, (b)&#8239;the
Prime Rate in effect on such day and (c)&#8239;Term SOFR for a one-month tenor in effect on such day <U>plus</U> 1.00% per annum; <U>provided</U>
that in no event shall the Base Rate be less than the Floor. Any change in the Base Rate due to a change in the Prime Rate, the Federal
Funds Rate or Term SOFR shall be effective from and including the effective date of such change in the Prime Rate, the Federal Funds
Rate or Term SOFR, 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Base Rate Loan</U>&rdquo;
means a Term Loan that bears interest based on the Base 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-align: justify; text-indent: 0.5in">&ldquo;<U>Base Rate Term
SOFR Determination Day</U>&rdquo; has the meaning specified in the definition of &ldquo;Term SOFR&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: 0.5in">&ldquo;<U>Benchmark</U>&rdquo;
means, initially, the Term SOFR Reference Rate; provided that if a Benchmark Transition Event has occurred with respect to the Term SOFR
Reference Rate or the then-current Benchmark, then &ldquo;Benchmark&rdquo; means the applicable Benchmark Replacement to the extent that
such Benchmark Replacement has replaced such prior benchmark rate pursuant to <U>Section&#8239;2.20(a)</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: justify; text-indent: 0.5in">&ldquo;<U>Benchmark Replacement</U>&rdquo;
means, with respect to any Benchmark Transition Event, the sum of: (a)&#8239;the alternate benchmark rate that has been selected by the
Administrative Agent (at the written direction of the Required Lenders) and the Lead Borrower giving due consideration to (i)&#8239;any
selection or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental
Body or (ii)&#8239;any evolving or then-prevailing market convention for determining a benchmark rate as a replacement to the then-current
Benchmark for Dollar-denominated syndicated credit facilities at such time and (b)&#8239;the related Benchmark Replacement Adjustment;
<I>provided</I> that, if such Benchmark Replacement as so determined would be less than the Floor, such Benchmark Replacement will be
deemed to be the Floor for the purposes of this Agreement and the other Loan Documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Benchmark
Replacement Adjustment</U>&rdquo; means, with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark Replacement,
the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or
zero) </FONT>that has been selected by the Administrative Agent (at the written direction of the Required Lenders) and the Lead Borrower
giving due consideration to (a)&#8239;any selection or recommendation of a spread adjustment, or method for calculating or determining
such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental
Body or (b)&#8239;any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or
determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for Dollar-denominated
syndicated credit facilities at such 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Benchmark Replacement
Date</U>&rdquo; means the earliest to occur of the following events with respect to the then-current Benchmark:</P>

<P STYLE="font: 10pt 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: 0.5in"><FONT STYLE="font-size: 10pt">1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>in
the case of clause 1 or 2 of the definition of &ldquo;Benchmark Transition Event,&rdquo; the later of (i)&#8239;the date of the public
statement or publication of information referenced therein and (ii)&#8239;the date on which the administrator of such Benchmark (or the
published component used in the calculation thereof) permanently or indefinitely ceases to provide such Benchmark (or such component
thereof) or, if such Benchmark is a term rate, all Available Tenors of such Benchmark (or such component thereof); 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: 0.5in"><FONT STYLE="font-size: 10pt">2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>in
the case of clause 3 of the definition of &ldquo;Benchmark Transition Event,&rdquo; the first date on which all Available Tenors of such
Benchmark (or the published component used in the calculation thereof) has been or, if such Benchmark is a term rate, all Available Tenors
of such Benchmark (or such component thereof) have been determined and announced by the regulatory supervisor for the administrator of
such Benchmark (or such component thereof) to be non-representative; provided that such non-representativeness will be determined by
reference to the most recent statement or publication referenced in such clause 3 and even if such Benchmark (or such component thereof)
or, if such Benchmark is a term rate, any Available Tenor of such Benchmark (or such component thereof) continues to be provided on such
date.</P>

<P STYLE="font: 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">For the avoidance of doubt, if such Benchmark
is a term rate, the &ldquo;Benchmark Replacement Date&rdquo; will be deemed to have occurred in the case of clause 1 or 2 with respect
to any Benchmark upon the occurrence of the applicable event or events set forth therein with respect to all then-current Available Tenors
of such Benchmark (or the published component used in the calculation thereof).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Benchmark
Transition Event</U>&rdquo; means the occurrence of one or more of the following events </FONT>with respect to the then-current Benchmark:</P>

<P STYLE="font: 10pt 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: 0.5in"><FONT STYLE="font-size: 10pt">1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>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 such Benchmark (or such component
thereof) or, if such Benchmark is a term rate, all Available Tenors of such Benchmark (or such component thereof), permanently or indefinitely,
<I>provided</I> that, at the time of such statement or publication, there is no successor administrator that will continue to provide
such Benchmark (or such component thereof) or, if such Benchmark is a term rate, any Available Tenor of such Benchmark (or such component
thereof);</P>

<P STYLE="font: 10pt 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: 0.5in"><FONT STYLE="font-size: 10pt">2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>a
public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published
component used in the calculation thereof), the Federal Reserve Board, the Federal Reserve Bank of New York, an insolvency official with
jurisdiction over the administrator for such Benchmark (or such component), a resolution authority with jurisdiction over the administrator
for such Benchmark (or such component) or a court or an entity with similar insolvency or resolution authority over the administrator
for such Benchmark (or such component), which states that the administrator of such Benchmark (or such component) has ceased or will
cease to provide such Benchmark (or such component thereof) or, if such Benchmark is a term rate, all Available Tenors of such Benchmark
(or such component thereof) permanently or indefinitely, <I>provided</I> that, at the time of such statement or publication, there is
no successor administrator that will continue to provide such Benchmark (or such component thereof) or, if such Benchmark is a term rate,
any Available Tenor of such Benchmark (or such component thereof); or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#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>
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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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>a
public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published
component used in the calculation thereof) announcing that such Benchmark (or such component thereof) or, if such Benchmark is a term
rate, all Available Tenors of such Benchmark (or such component thereof) are not, or as of a specified future date will not be, representative.</P>

<P STYLE="font: 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">For the avoidance of doubt, if such Benchmark
is a term rate, a &ldquo;Benchmark Transition Event&rdquo; will be deemed to have occurred with respect to any Benchmark if a public
statement or publication of information set forth above has occurred with respect to each then-current Available Tenor of such Benchmark
(or the published component used in the calculation thereof).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Benchmark Transition
Start Date</U>&rdquo; means, in the case of a Benchmark Transition Event, the earlier of (a)&#8239;the applicable Benchmark Replacement
Date and (b)&#8239;if such Benchmark Transition Event is a public statement or publication of information of a prospective event, the
90th day prior to the expected date of such event as of such public statement or publication of information (or if the expected date
of such prospective event is fewer than 90 days after such statement or publication, the date of such statement or publication).</P>

<P STYLE="font: 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">&ldquo;<U>Benchmark Unavailability
Period</U>&rdquo; means the period (if any) (a)&#8239;beginning at the time that a Benchmark Replacement Date has occurred if, at such
time, no Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any Loan Document in accordance
with <U>Section&#8239;2.20</U> and (b)&#8239;ending at the time that a Benchmark Replacement has replaced the then-current Benchmark for
all purposes hereunder and under any Loan Document in accordance with <U>Section&#8239;2.20</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: justify; text-indent: 0.5in">&ldquo;<U>Beneficial Ownership
Certification</U>&rdquo; means a certification regarding beneficial ownership as required by the Beneficial Ownership Regulation.</P>

<P STYLE="font: 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">&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">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Board of Directors</U>&rdquo;
means, for any Person, the board of directors, the general partner or other governing body of such Person or, if such Person does not
have such a board of directors, general partner or other governing body and is owned or managed by a single entity, the Board of Directors
or board of managers (<I>conseil de g&eacute;rance</I>) of such entity, or, in either case, any committee thereof duly authorized to
act on behalf of such Board of Directors. Unless otherwise provided, &ldquo;Board of Directors&rdquo; means the Board of Directors of
the Lead 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"></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">&ldquo;<U>Borrower</U>&rdquo;
has the meaning provided in the introductory paragraph 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: 0.5in">&ldquo;<U>Borrower Retained
Prepayment Amounts</U>&rdquo; has the meaning set forth in <U>Section&#8239;2.05(b)(viii)</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: justify; text-indent: 0.5in">&ldquo;<U>Borrowing</U>&rdquo;
means a Term 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Business Day</U>&rdquo;
means any day that is not a Saturday, Sunday or other day that is a legal holiday under the laws of the State of New York, Luxembourg
or Ireland or is a day on which banking institutions in such jurisdictions are authorized or required by Law to close, and in the case
of a Business Day which relates to a SOFR Loan, a U.S. Government Securities 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Capitalized Leases</U>&rdquo;
means all leases that have been or are required to be, in accordance with GAAP, recorded as capitalized leases; <U>provided</U> that
for all purposes hereunder the amount of obligations under any Capitalized Lease shall be the amount thereof accounted for as a liability
in accordance with 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Carve-Out</U>&rdquo;
has the meaning assigned to such term in the Interim DIP Order (with respect to the period prior to the entry of the Final DIP Order)
or the Final DIP Order (from and after the date on which the Final DIP Order is 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Cash Equivalents</U>&rdquo;
means any of the following types of Investments:</P>

<P STYLE="font: 10pt 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: 0.5in"><FONT STYLE="font-size: 10pt">1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Dollars
held by the Loan Parties from time to time 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>readily
marketable obligations issued or directly and fully Guaranteed or insured by the United States government or, in each case, any agency
or instrumentality of thereof (<U>provided</U> that the full faith and credit of such country or such member state is pledged in support
thereof), having maturities of not more than 24 months from the date of 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>certificates
of deposit, time deposits, eurodollar time deposits, overnight bank deposits or bankers&rsquo; acceptances issued by any commercial bank
or trust company bank that is organized under the Laws of the United States, any state thereof or the District of Columbia or is the
principal banking Subsidiary of a bank holding company organized under the Laws of the United States, any state thereof or the District
of Columbia and is a member of the Federal Reserve System, and (b)&#8239;has combined capital and surplus in excess of $100,000,000 (any
such Persons being an &ldquo;<U>Approved Bank&rdquo;</U>), in each case with maturities not exceeding 24 months from the date of acquisition
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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>repurchase
obligations for underlying securities of the types described in clauses&#8239;2 and 3 entered into with any Approved 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>commercial
paper and variable or fixed rate notes rated at the time of acquisition thereof at least &ldquo;A-2&rdquo; (or the equivalent thereof
by S&amp;P) or &ldquo;P-2&rdquo; (or the equivalent thereof by Moody&rsquo;s) or carrying an equivalent rating by a Nationally Recognized
Statistical Rating Organization (if both of the two named rating agencies cease publishing ratings of investments) or, if no rating is
available in respect of the commercial paper, the issuer of which has an equivalent rating in respect of its long-term debt, and in any
case maturing within 24 months after the date of acquisition 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>readily
marketable direct obligations issued by any state, commonwealth or territory of the United States of America having an investment grade
rating from either Moody&rsquo;s or S&amp;P (or, if at the time, neither is issuing comparable ratings, then a comparable rating of another
Nationally Recognized Statistical Rating Organization) with maturities of not more than 24 months from the date of 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">7.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>bills
of exchange issued in the United States eligible for rediscount at the relevant central bank and accepted by a bank (or any dematerialized
equivalent); 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: 0.5in"><FONT STYLE="font-size: 10pt">8.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Investments
with average maturities of 24 months or less from the date of acquisition in money market funds rated AAA&ndash; (or the equivalent thereof)
or better by S&amp;P or Aaa3 (or the equivalent thereof) or better by Moody&rsquo;s.</P>

<P STYLE="font: 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">&ldquo;<U>Cash Management
Practices</U>&rdquo; means (a)&#8239;the ordinary course cash management practices of Trinseo LuxCo and its Subsidiaries as in effect
prior to the Closing Date, including with respect to the ordinary course cash management practices related to the funding, sweeping or
transferring of cash in accordance with that certain Amended and Restated Cash Pooling Agreement, dated as of May&#8239;22, 2023 and effective
as of December&#8239;31, 2022 and (b)&#8239;capital contributions made by or to Trinseo LuxCo and its Subsidiaries to satisfy minimum capitalization
or solvency requirements under local law, provided that such contribution must be made for legitimate business purposes and not made
for the purposes of adversely affecting the credit position of the Lenders.</P>

<P STYLE="font: 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">&ldquo;<U>Casualty Event</U>&rdquo;
means any event that gives rise to the receipt by a Person of any insurance proceeds or condemnation awards in respect of any equipment,
fixed assets or real property (including any improvements thereon) to replace or repair such equipment, fixed assets or real property.</P>

<P STYLE="font: 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">&ldquo;<U>Centre of Main
Interests</U>&ldquo; means the &quot;centre of main interests&quot; as such term is used in Article&#8239;3(1)&#8239;of the EU Insolvency
Regulation.</P>

<P STYLE="font: 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">&ldquo;<U>Chapter 11 Plan</U>&rdquo;
means any plan of reorganization or liquidation (as the case may be).</P>

<P STYLE="font: 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">&ldquo;<U>Chapter 11 Plan
Effective Date</U>&rdquo; means, with respect to any Chapter 11 Plan, the effective date of such Chapter 11 Plan, which has been confirmed
by an order entered by the Bankruptcy 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-align: justify; text-indent: 0.5in">&ldquo;<U>Class</U>&rdquo;,
when used with respect to Term Loans, refers to those of such Term Loans that have the same terms and conditions (without regard to differences
in the Type of Term Loan,&#8239;Interest Period, upfront fees, OID or similar fees paid or payable in connection with such Term Loan,
or differences in tax treatment (e.g. &ldquo;fungibility&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: 0.5in">&ldquo;<U>Closing Date</U>&rdquo;
means May&#8239;28, 2026.</P>

<P STYLE="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">&ldquo;<U>Closing Date Guarantors</U>&rdquo;
means Parent, Holdings, and each other Subsidiary of Parent (other than the Borrowers) listed on <U>Schedule 1.01D</U> that is party
to this Agreement on the Closing 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: 0.5in">&ldquo;<U>Co-Borrower</U>&rdquo;
has the meaning provided in the introductory paragraph 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: 0.5in">&ldquo;<U>Code</U>&rdquo;
means the U.S. Internal Revenue Code of 1986, as amended from time to time, and the rules&#8239;and regulations related 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-align: justify; text-indent: 0.5in">&ldquo;<U>Collateral</U>&rdquo;
means the &ldquo;Collateral&rdquo; as defined in the Pledge and Security Agreement, the &ldquo;Super Holdco DIP Collateral&rdquo; as
defined in the DIP Orders, and all the &ldquo;Collateral&rdquo; or &ldquo;Pledged Assets&rdquo; as defined in any other Collateral Document
and any other assets pledged pursuant to any Collateral Document and the DIP Orders; <U>provided</U> that in no event shall any Excluded
Asset constitute 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-align: justify; text-indent: 0.5in">&ldquo;<U>Collateral Agent</U>&rdquo;
means Alter Domus (US) LLC, in its capacity as collateral agent or pledgee in its own name under any of the Loan Documents, or any successor
collateral 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">&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">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>on
the Closing Date, the Administrative Agent shall have received each Collateral Document to the extent required to be delivered on the
Closing Date pursuant to <U>Section&#8239;4.01</U>, subject to the limitations and exceptions of this Agreement, duly executed by each
Loan Party thereto; 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>after
the Closing Date, each Subsidiary of Parent listed on <U>Schedule 1.01D</U> (other than any Excluded Subsidiary) shall become a Guarantor
and signatory to this Agreement pursuant to a Guarantor Joinder in accordance with <U>Section&#8239;6.11</U> or <U>6.18</U> and a party
to the respective Collateral Documents in accordance with <U>Section&#8239;6.11</U> or <U>6.18</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: justify; text-indent: 0.5in">Notwithstanding the foregoing
provisions of this definition or anything in this Agreement or any other Loan Document to the contrary:</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
foregoing definition shall not require and the Loan Documents shall not contain any requirements as to the creation or perfection of
pledges of, security interests in, Mortgages on, or the obtaining of title insurance, surveys, abstracts or appraisals or taking other
actions with respect to, Excluded 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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Required Lenders in their discretion (including via email from counsel) may grant extensions of time for the creation or perfection of
security interests in, and Mortgages on, or obtaining of title insurance or taking other actions with respect to, particular assets (including
extensions beyond the Closing Date) or any other compliance with the requirements of this definition where it reasonably determines,
in consultation with the Lead Borrower, that the creation or perfection of security interests in, and Mortgages on, or obtaining of title
insurance or taking other actions, or any other compliance with the requirements of this definition cannot be accomplished without undue
delay, burden or expense by the time or times at which it would otherwise be required by this Agreement or the Collateral 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"></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: 1.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Liens
required to be granted from time to time pursuant to the Collateral and Guarantee Requirement shall be subject to exceptions and limitations
set forth in this Agreement and the 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; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Collateral
Documents</U>&rdquo; means, collectively, the Pledge and Security Agreement, the U.S. Security Agreement for Foreign Guarantors, the
DIP Orders, the Luxembourg Collateral Documents, </FONT>each of the other local law security and pledge agreements entered into by the
Foreign Guarantors from time to time, collateral assignments, security agreements, pledge agreements, bonds, bond pledge agreements or
other similar agreements delivered to the Administrative Agent pursuant to <U>Sections 6.11</U> or <U>6.14</U>, and each of the other
agreements, instruments or documents that creates or purports to create a Lien in favor of the Administrative Agent and/or the Collateral
Agent (as relevant), in each case for the benefit of the 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-align: justify; text-indent: 0.5in">&ldquo;<U>Commitment Letter</U>&rdquo;
means that certain Commitment Letter &ndash; SHC Debtor-in-Possession Facility, dated as of May&#8239;13, 2026, by and among Holdings,
the Borrowers and the Commitment Parties (as defined therein) party thereto, as amended, amended and restated, supplemented or otherwise
modified 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-align: justify; text-indent: 0.5in">&ldquo;<U>Commitments</U>&rdquo;
means, with respect to each Lender, such Lender&rsquo;s New Money Commitments.</P>

<P STYLE="font: 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">&ldquo;<U>Committed Loan
Notice</U>&rdquo; means a written notice of (a)&#8239;a Borrowing, (b)&#8239;a conversion of Term Loans from one Type to the other, or
(c)&#8239;a continuation of SOFR Loans, pursuant to <U>Section&#8239;2.02(a)</U>, which shall be substantially in the form of <U>Exhibit&#8239;A</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: justify; text-indent: 0.5in">&ldquo;<U>Compensation Period</U>&rdquo;
has the meaning set forth in <U>Section&#8239;2.12(c)(ii)</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: justify; text-indent: 0.5in">&ldquo;<U>Conforming Changes</U>&rdquo;
means, with respect to either the use or administration of Term SOFR or the use, administration, adoption or implementation of any Benchmark
Replacement, any technical, administrative or operational changes (including changes to the definition of &ldquo;Base Rate,&rdquo; the
definition of &ldquo;Business Day,&rdquo; the definition of &ldquo;U.S. Government Securities Business Day,&rdquo; the definition of
 &ldquo;Interest Period&rdquo; or any similar or analogous definition (or the addition of a concept 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, the applicability and length of lookback periods, and other technical, administrative or operational matters) that
the Administrative Agent (at the written direction of the Required Lenders) decides may be appropriate to reflect the adoption and implementation
of any such rate or to permit the use and administration thereof by the Administrative Agent in a manner substantially consistent with
market practice (or, if the Administrative Agent decides that adoption of any portion of such market practice is not administratively
feasible or if the Administrative Agent determines that no market practice for the administration of any such rate exists, in such other
manner of administration as the Administrative Agent decides is reasonably necessary in connection with the administration of this Agreement
and the other Loan Documents).</P>

<P STYLE="font: 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">&ldquo;<U>Contractual Obligation</U>&rdquo;
means, as to any Person, any provision of any security issued by such Person or of any agreement, instrument or other undertaking to
which such Person is a party or by which it or any of its property is bound.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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">&ldquo;<U>Covenant Party</U>&rdquo;
means the Lead Borrower, the Co-Borrower, Parent, Holdings, Aristech, and Altuglas and the Specified 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-align: justify; text-indent: 0.5in">&ldquo;<U>Control</U>&rdquo;
means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person,
whether through the ability to exercise voting power, by contract or otherwise. &ldquo;Controlling&rdquo; and &ldquo;Controlled&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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Corresponding Debt</U>&rdquo;
has the meaning specified in <U>Section&#8239;9.15(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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Credit Extension</U>&rdquo;
means each 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Debtor Relief Laws</U>&rdquo;
means the Bankruptcy Code of the United States and all other liquidation, dissolution, conservatorship, bankruptcy, assignment for the
benefit of creditors, moratorium, rearrangement, receivership, examinership, appointment of a business conciliator (conciliateur enterprises),
insolvency, winding up, reorganization, or similar debtor relief Laws of the United States, Germany, Luxembourg,&#8239;Ireland or other
applicable jurisdictions from time to time in effect and affecting the rights of creditors generally, including, without limitation the
German Act on the Stabilisation and Restructuring Framework for Businesses (<I>Gesetz &uuml;ber den Stabilisierungs- und Restrukturierungsrahmen
f&uuml;r Unternehmen (Unternehmensstabilisierungs- und -restrukturierungsgesetz - StaRUG</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-align: justify; text-indent: 0.5in">&ldquo;<U>Declined Proceeds</U>&rdquo;
has the meaning set forth in <U>Section&#8239;2.05(b)(viii)</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: justify; text-indent: 0.5in">&ldquo;<U>Default</U>&rdquo;
means any event or condition that constitutes an Event of Default or that, with the giving of any notice, the passage of time, or both,
would be an Event of Default; <U>provided</U> that the Borrowers shall not be in deemed to be in Default during the first day of any
grace period set forth in <U>Section&#8239;8.01(a)</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: justify; text-indent: 0.5in">&ldquo;<U>Default Rate</U>&rdquo;
means an interest rate equal to (a)&#8239;the Base Rate <U>plus</U> (b)&#8239;the Applicable Margin, if any, applicable to Base Rate Loans
<U>plus</U> (c)&#8239;2.00% per annum; <U>provided</U> that, with respect to a SOFR Loan, the Default Rate shall be an interest rate equal
to the interest rate (including any Applicable Margin) otherwise applicable to such Term Loan <U>plus</U> 2.00% per annum, in each case,
to the fullest extent permitted by applicable 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-align: justify; text-indent: 0.5in">&ldquo;<U>Defaulting Lender</U>&rdquo;
means, subject to <U>Section&#8239;2.19(b)</U>, any Lender that, as reasonably determined by the Administrative Agent and the Lead Borrower
(a)&#8239;has refused (which refusal may be given verbally or in writing and has not been retracted) or failed to perform any of its funding
obligations hereunder, including in respect of its Term Loans, which refusal or failure is not cured within one Business Day after the
date of such refusal or failure, (b)&#8239;has notified the Lead Borrower or Administrative Agent that it does not intend to comply with
its funding obligations or has made a public statement to that effect with respect to its funding obligations hereunder or under other
agreements in which it commits to extend credit, (c)&#8239;has failed, within three Business Days after request by the Administrative
Agent, to confirm in a manner satisfactory to the Administrative Agent that it will comply with its funding obligations (<U>provided</U>
that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c)&#8239;upon receipt of such written confirmation by
the Administrative Agent and the Lead Borrower), or (d)&#8239;has, or has a direct or indirect parent company that has, after the date
of this Agreement, (i)&#8239;become the subject of a proceeding under any Debtor Relief Law, (ii)&#8239;had a receiver, conservator, trustee,
administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or
a custodian appointed for it, (iii)&#8239;become the subject of a Bail-In Action or (iv)&#8239;taken any action in furtherance of, or indicated
its consent to, approval of or acquiescence in any such proceeding or appointment; <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.
Any determination by the Administrative Agent and the Lead Borrower that a Lender is a Defaulting Lender under any one or more of clauses&#8239;(a)&#8239;through
(d)&#8239;above shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject
to <U>Section&#8239;2.19(b)</U>) upon delivery of written notice of such determination to the Lead Borrower and each 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"></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">&ldquo;<U>Delayed Draw New
Money Closing Date</U>&rdquo; means the date of any Borrowing of Delayed Draw New Money Term Loans in accordance with <U>Sections&#8239;2.01(a)</U>&#8239;and
<U>4.03</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: justify; text-indent: 0.5in">&ldquo;<U>Delayed Draw New
Money Term Loans</U>&rdquo; has the meaning set forth in <U>Section&#8239;2.01(a)</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: justify; text-indent: 0.5in">&ldquo;<U>Designated Lenders</U>&rdquo;
means, collectively, (a)&#8239;certain funds and accounts managed by Angelo, Gordon&#8239;&amp; Co. or one or more entities owned by such
funds or accounts, (b)&#8239;certain funds or accounts managed by Oaktree Capital Management, L.P. or one or more entities owned by such
funds or accounts and (c)&#8239;certain funds or accounts managed by Apollo Capital Management, L.P. or one or more entities owned by
such funds or 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-align: justify; text-indent: 0.5in">&ldquo;<U>DIP Orders</U>&rdquo;
means, collectively, the Interim DIP Order and the Final Order and separately, the Interim DIP Order or the Final DIP Order, as the context
requires.</P>

<P STYLE="font: 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">&ldquo;<U>DIP Superpriority
Claims</U>&rdquo; means the superpriority administrative expense claims under section 364(c)&#8239;of the Bankruptcy Code against each
of the SHC Debtors, on a joint and several basis, which claims, subject to the Carve-Out, shall have priority over any and all other
administrative expense claims against the SHC Debtors and their estates, now existing or hereafter arising, including, without limitation,
administrative expenses of the kind specified in or ordered pursuant to sections 105, 326, 328, 330, 331, 365, 503(a), 503(b), 506(c),
507(a), 507(b), 546(c), 546(d), 552(b), 726, 1113 and 1114 of the Bankruptcy Code or otherwise, with recourse against all 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-align: justify; text-indent: 0.5in">&ldquo;<U>Disbursements Variance</U>&rdquo;
has the meaning set forth in <U>Section&#8239;6.22(ii)</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: justify; text-indent: 0.5in">&ldquo;<U>Disposition</U>&rdquo;
or &ldquo;<U>Dispose</U>&rdquo; means the sale, transfer, license, lease or other disposition (including any sale and leaseback transaction
and any sale or issuance of Equity Interests of a Loan Party) of any property by any 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; <U>provided</U>
that the issuance of Equity Interests by Parent shall not constitute a Disposition by 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"></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">&ldquo;<U>Disqualified Equity
Interests</U>&rdquo; means any Equity Interest that, by its terms (or by the terms of any security or other Equity Interests into which
it is convertible or for which it is exchangeable), or upon the happening of any event or condition (a)&#8239;matures or is mandatorily
redeemable (other than solely for Qualified Equity Interests or solely at the direction of the issuer), pursuant to a sinking fund obligation
or otherwise (except as a result of a change of control or asset sale, so long as any rights of the holders thereof upon the occurrence
of a change of control or asset sale event shall be subject to the prior repayment in full of the Term Loans and all other Obligations
that are accrued and payable and the termination of the Commitments), (b)&#8239;is redeemable at the option of the holder thereof (other
than solely for Qualified Equity Interests), in whole or in part, (c)&#8239;provides for the scheduled payments of dividends in cash,
or (d)&#8239;is or becomes convertible into or exchangeable for Indebtedness or any other Equity Interests that would constitute Disqualified
Equity Interests, in each case, prior to the date that is ninety-one (91) days 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-align: justify; text-indent: 0.5in">&ldquo;<U>Dollar</U>&rdquo;
and &ldquo;<U>$</U>&rdquo; mean lawful money of the United States.</P>

<P STYLE="font: 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">&ldquo;<U>Dollar Amount</U>&rdquo;
means, at any time, with respect to any Term Loan, the principal amount thereof then outstanding (or in which such participation is held).</P>

<P STYLE="font: 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">&ldquo;<U>Domestic Loan Party</U>&rdquo;
means any Loan Party that is organized under the Laws of the United States, any state thereof 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>EEA Financial Institution</U>&rdquo;
means (a)&#8239;any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of
an EEA Resolution Authority, (b)&#8239;any entity established in an EEA Member Country which is a parent of an institution described in
clause (a)&#8239;of this definition, or (c)&#8239;any financial institution established in an EEA Member Country which is a subsidiary
of an institution described in clauses (a)&#8239;or (b)&#8239;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">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>EEA Member Country</U>&rdquo;
means any of the member states of the European Union,&#8239;Iceland, Liechtenstein, and Norway.</P>

<P STYLE="font: 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">&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">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Eligible Assignee</U>&rdquo;
has the meaning set forth in <U>Section&#8239;10.07(a)</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: justify; text-indent: 0.5in">&ldquo;<U>EMU Legislation</U>&rdquo;
means the legislative measures of the European Council for the introduction of, changeover to or operation of a single or unified European
currency.</P>

<P STYLE="font: 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">&ldquo;<U>Environment</U>&rdquo;
means indoor air, ambient air, surface water, groundwater, drinking water, land surface, subsurface strata, and natural resources such
as wetlands, flora and fauna.</P>

<P STYLE="font: 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">&ldquo;<U>Environmental Laws</U>&rdquo;
means any applicable Law, including common law, relating to the prevention of pollution or the protection of the environment and natural
resources, or to the protection of human health and safety as it relates to the environment.</P>

<P STYLE="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">&ldquo;<U>Environmental Liability</U>&rdquo;
means any liability, contingent or otherwise (including any liability for damages, costs of investigation and remediation, fines, penalties
or indemnities) directly or indirectly resulting from or based upon (a)&#8239;violation of any Environmental Law or any Environmental
Permit, (b)&#8239;the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c)&#8239;exposure
to any Hazardous Materials, (d)&#8239;the Release or threatened Release of any Hazardous Materials into the Environment or (e)&#8239;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">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Environmental Permit</U>&rdquo;
means any permit, approval, identification number, license or other authorization required by any Environmental 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: 0.5in">&ldquo;<U>Equity Interests</U>&rdquo;
means, with respect to any Person, all of the shares, interests, rights, participations or other equivalents (however designated) of
capital stock or share capital of (or other ownership or profit interests or units in) share premium such Person and all of the warrants,
options or other rights for the purchase, acquisition or exchange from such Person of any of the foregoing (including through convertible
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; text-align: justify; text-indent: 0.5in">&ldquo;<U>ERISA</U>&rdquo;
means the Employee Retirement Income Security Act of 1974, as amended from time to time, and the regulations promulgated and rulings
issued 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-align: justify; text-indent: 0.5in">&ldquo;<U>ERISA Affiliate</U>&rdquo;
means any trade or business (whether or not incorporated) that is under common control with a Loan Party within the meaning of Section&#8239;414(b),
(c), (m)&#8239;or (o)&#8239;of the Code or Section&#8239;4001(a)(14) of ERISA.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">&ldquo;<U>ERISA
Event</U>&rdquo; means (a)&#8239;a Reportable Event with respect to a Pension Plan; (b)&#8239;a withdrawal by a</FONT> Loan Party or any
ERISA Affiliate from a Pension Plan subject to Section&#8239;4063 of ERISA during a plan year in which it was a substantial employer (as
defined in Section&#8239;4001(a)(2)&#8239;of ERISA) or a cessation of operations that is treated as such a withdrawal under Section&#8239;4062(e)&#8239;of
ERISA; (c)&#8239;a complete or partial withdrawal by a Loan Party or any ERISA Affiliate from a Multiemployer Plan, the insolvency under
Title IV of ERISA of any Multiemployer Plan, or the receipt of any Loan Party or any ERISA Affiliate, of any notice that a Multiemployer
Plan is in endangered or critical status under Section&#8239;305 of ERISA; (d)&#8239;the filing of a notice of intent to terminate any
Pension Plan, the treatment of a Pension Plan amendment as a termination under Sections 4041 or 4041A of ERISA, or the commencement of
proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan; (e)&#8239;an event or condition which would reasonably be expected
to constitute grounds under Section&#8239;4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension
Plan or Multiemployer Plan; (f)&#8239;the failure to make a required contribution to any Pension Plan that would result in the imposition
of a lien or other encumbrance on a Loan Party or the provision of security under Section&#8239;430 of the Code or Section&#8239;303 or
4068 of ERISA by a Loan Party, or the arising of such a lien or encumbrance, there being or arising any &ldquo;unpaid minimum required
contribution&rdquo; or &ldquo;accumulated funding deficiency&rdquo; (as defined or otherwise set forth in Section&#8239;4971 of the Code
or Part&#8239;3 of Subtitle B of Title I of ERISA), whether or not waived, the failure to satisfy the minimum funding standard of Section&#8239;412
of the Code, whether or not waived, or a determination that any Pension Plan is, or is reasonably expected to be, in at-risk status under
Title IV of ERISA; (g)&#8239;the occurrence of a nonexempt prohibited transaction (within the meaning of Section&#8239;4975 of the Code
or Section&#8239;406 of ERISA) with respect to a Pension Plan which could reasonably be expected to result in liability to a Loan Party;
or (h)&#8239;the incurring of any liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section&#8239;4007
of ERISA, by a Loan Party or any ERISA Affiliate.</P>

<P STYLE="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: 0.5in">&ldquo;<U>Erroneous Payment</U>&rdquo;
has the meaning specified in <U>Section&#8239;9.04</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: justify; text-indent: 0.5in">&ldquo;<U>EU Bail-In Legislation
Schedule</U>&rdquo; means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as
in effect from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>EU Insolvency Regulation</U>&rdquo;
means the Regulation (EU) No.&#8239;2015/848 of the European Parliament and of the Council of 20 May&#8239;2015 on insolvency proceedings
(recast).</P>

<P STYLE="font: 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">&ldquo;<U>Event of Default</U>&rdquo;
has the meaning specified in <U>Section&#8239;8.01</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: justify; text-indent: 0.5in">&ldquo;<U>Exchange Act</U>&rdquo;
means the Securities Exchange Act of 1934, as amended.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">&ldquo;<U>Excluded
Asset</U>&rdquo; means </FONT>(i)&#8239;any security deposits in respect of non-residential real property leases of the Loan Parties,
(ii)&#8239;governmental licenses or state or local franchises, charters and authorizations and any other property and assets to the extent
that the Administrative Agent may not validly possess a security interest therein under applicable laws (including, without limitation,
rules&#8239;and regulations of any governmental authority or agency) or the pledge or creation of a security interest in which would require
governmental consent, approval, license or authorization, other than (A)&#8239;to the extent such limitation is rendered ineffective under
the UCC, other applicable law, including the Bankruptcy Code, or the DIP Order, notwithstanding such limitation, (B)&#8239;with respect
to any SHC Debtor, to the extent such limitation is rendered ineffective as a result of the commencement of the Chapter 11 Cases or pursuant
to the DIP Order notwithstanding such limitation, and (C)&#8239;proceeds and receivables thereof, the assignment of which is expressly
deemed effective under the UCC, other applicable law, including the Bankruptcy Code, or the DIP Order, notwithstanding such limitation,
(iii)&#8239;any particular asset or right under contract, if the pledge thereof or the security interest therein is prohibited or restricted
by applicable law, rule&#8239;or regulation (including any requirement thereunder to obtain the consent of any governmental or regulatory
authority), or third party (i.e., other than the Parent, the Borrowers or any of their respective Subsidiaries), so long as any agreement
with such third party that provides for such prohibition or restriction was not entered into in contemplation of the acquisition of such
assets or entering into of such contract or for the purpose of creating such prohibition or restriction, other than (A)&#8239;to the extent
such prohibition or restriction is rendered ineffective under the UCC, other applicable law, including the Bankruptcy Code, or the DIP
Order, notwithstanding such prohibition or restriction and (B)&#8239;proceeds and receivables thereof, the assignment of which is expressly
deemed effective under the UCC, other applicable law, including the Bankruptcy Code, or the DIP Order, notwithstanding such prohibition
or restriction, (iv)&#8239;(A)&#8239;margin stock, (B)&#8239;a direct pledge of the JV Interests so long as such direct pledge would require
consent of Chevron Phillips Chemical Company LP and only to the extent and for so long as consent requirement is in effect; <U>provided
</U>that proceeds and products of the JV Interests do not constitute Excluded Assets and shall constitute Collateral, and (C)&#8239;Equity
Interests in any non-wholly owned Restricted Subsidiaries and any entities which do not constitute Subsidiaries, other than to the extent
such prohibition or restriction is rendered ineffective under the UCC or, other applicable law, including the Bankruptcy Code, or the
DIP Order, but only to the extent that (x)&#8239;the organizational documents or other agreements with other equity holders of such non-wholly
owned Restricted Subsidiary or other entity do not permit or restrict the pledge of such Equity Interests (to the extent such restriction
exists on the Closing Date or on the date of acquisition of such non-wholly owned Restricted Subsidiary or the Equity Interests in such
entity so long as such restriction was not entered into in contemplation of the acquisition of such Equity Interests), or (y)&#8239;the
pledge of such Equity Interests (including any exercise of remedies) would result in a change of control, repurchase obligation or other
adverse consequence to any of the Loan Parties or such non-wholly owned Restricted Subsidiary or other entity, (v)&#8239;any lease, license
or agreement or any property subject to a purchase money security interest, capital lease obligations or similar arrangement, in each
case, to the extent the grant of a security interest therein would violate or invalidate such lease, license or agreement or purchase
money or similar arrangement or create a right of termination in favor of any other party thereto (other than Parent, any Loan Party
or any Subsidiary of a Loan Party), other than (A)&#8239;to the extent such provision is rendered ineffective under the UCC, other applicable
law, including the Bankruptcy Code, or the DIP Order, notwithstanding such provision, (B)&#8239;with respect to any SHC Debtor, to the
extent such provision is rendered ineffective as a result of the commencement of the Chapter 11 Cases or pursuant to the DIP Order notwithstanding
such provision, and (C)&#8239;proceeds and receivables thereof, the assignment of which is expressly deemed effective under the UCC, other
applicable law, including the Bankruptcy Code, or the DIP Order, notwithstanding such provisions, (vi)&#8239;any property or assets for
which the creation or perfection of pledges of, or security interests in such property or assets pursuant to the Loan Documents would
result in material adverse tax consequences to the Parent, the Lead Borrower or any of their Subsidiaries, as reasonably determined by
the Lead Borrower and the Required Lenders, (vii)&#8239;[reserved], (viii)&#8239;any funds held in (A)&#8239;the Reserve Account (as defined
in the DIP Orders) or (B)&#8239;the Adequate Assurance Account (as defined in the DIP Orders) (the accounts in subclauses (A)&#8239;and
(B), collectively, the &ldquo;<U>Excluded Accounts</U>&rdquo;); <U>provided</U> that any reversionary interests in any funds held in
the Excluded Accounts shall constitute Collateral, (ix)&#8239;for any Loan Party that is not an SHC Debtor, all assets of such Loan Party
that would not constitute &ldquo;Collateral&rdquo; as defined in the Prepetition Super Holdco Loan Documents and Prepetition Second Lien
Notes Document, as applicable, (x)&#8239;any intent-to-use trademark application prior to the filing of a &ldquo;Statement of Use&rdquo;
or &ldquo;Amendment to Allege Use&rdquo; with respect thereto, to the extent, if any, that, and solely during the period, if any, in
which the grant of a security interest therein would impair the validity or enforceability of such intent-to-use trademark application
under applicable federal law, (xi)&#8239;assets in circumstances where the cost, consequences or burden of obtaining a security interest
in such assets, including, without limitation, the cost of title insurance, surveys or flood insurance (if necessary) would outweigh
the practical benefit to the Lenders afforded thereby as reasonably determined by the Lead Borrower and the Required Lenders, (xii)&#8239;any
particular assets if it would result in a significant risk to the officers of the relevant grantor of Collateral of contravention with
their fiduciary duties and/or of civil or criminal liability (unless there is customary limitation language agreed between the Lead Borrower
and the Administrative Agent) for the German Loan Parties in relation to the German Security, including but not limited to, customary
limitation language in respect of sections 30 and 31 of the German Limited Liability Companies Act (<I>Gesetz betreffend die Gesellschaften
mit beschr&auml;nkter Haftung</I>) (&ldquo;GmbHG&rdquo;), and (xiii)&#8239;the Securitization Assets, including, for the avoidance of
doubt, any bank accounts pledged pursuant to a Permitted Securitization, including, for the avoidance of doubt, any bank accounts pledged
pursuant to a Permitted Securitization; <U>provided</U>, that all proceeds and products of Excluded Assets shall not constitute Excluded
Assets and shall constitute Collateral unless such proceeds are specifically excluded as one of the foregoing items.</P>

<P STYLE="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">&ldquo;<U>Excluded Subsidiary</U>&rdquo;
means any Subsidiary where the Required Lenders and the Lead Borrower agree that the cost of obtaining a Guarantee by such Subsidiary
would be excessive in light of the practical benefit to the Lenders afforded thereby.</P>

<P STYLE="font: 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">&ldquo;<U>Excluded Taxes</U>&rdquo;
has the meaning set forth in <U>Section&#8239;3.01(a)</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: justify; text-indent: 0.5in">&ldquo;<U>FATCA</U>&rdquo;
means Sections 1471 through 1474 of the Code, as of the date of this Credit Agreement (or any amended or successor version that is substantively
comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, and
any agreement pursuant to the implementation of the above with the United States Internal Revenue Service, the United States government
or any governmental or taxation authority in the United States, including the Agreement between the Government of the United States of
America and the Government of Luxembourg to Improve International Tax Compliance and with respect to The United States information reporting
provisions commonly known as the Foreign Account Tax Compliance Act, and any rules, regulations or guidance enacted thereunder or official
interpretations 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-align: justify; text-indent: 0.5in">&ldquo;<U>FCPA</U>&rdquo;
has the meaning set forth in <U>Section&#8239;5.22</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: justify; text-indent: 0.5in">&ldquo;<U>Federal Funds Rate</U>&rdquo;
means, for any day, the greater of (a)&#8239;the rate calculated by the Federal Reserve Bank of New York based on such day&rsquo;s Federal
funds transactions by depositary institutions (as determined in such manner as the Federal Reserve Bank of New York shall set forth on
its public website from time to time) and published on the next succeeding Business Day by the Federal Reserve Bank of New York as the
Federal funds effective rate and (b)&#8239;0%.&ldquo;<U>Final DIP Order</U>&rdquo; means an order of the Bankruptcy Court in the Chapter
11 Cases, which order (a)&#8239;shall be in form and substance, and on terms and conditions, reasonably satisfactory to the Loan Parties,
Required Lenders and, with respect to those provisions thereof that affect the rights, obligations, liabilities and duties of the Administrative
Agent, to the Administrative Agent, and (b)&#8239;shall, subject to the foregoing, authorize and approve, on a final basis, among other
matters, (i)&#8239;the Loan Parties&rsquo; entry into the Loan Documents, (ii)&#8239;the making of the Loans, (iii)&#8239;the granting of
the DIP Superpriority Claims against the SHC Debtors and the granting of Liens on the Collateral in accordance with the Loan Documents,
(iv)&#8239;the use of Super Holdco Cash Collateral (as defined in the Final DIP Order), and (v)&#8239;the granting of adequate protection
to the Prepetition SHC 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-align: justify; text-indent: 0.5in">&ldquo;<U>Final Roll-Up Term
Loans</U>&rdquo; has the meaning set forth in <U>Section&#8239;2.01(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; text-align: justify; text-indent: 0.5in">&ldquo;<U>First Day Orders</U>&rdquo;
shall mean all material orders entered by the Bankruptcy Court pursuant to motions filed on or about the Petition Date by the SHC Debtors.
The First Day Orders must be reasonably acceptable to the Required Lenders.</P>

<P STYLE="font: 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">&ldquo;<U>FIRREA</U>&rdquo;
means the Financial Institutions Reform, Recovery and Enforcement Act of 1989, as amended.</P>

<P STYLE="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">&ldquo;<U>Flood Laws</U>&rdquo;
means collectively, (i)&#8239;National Flood Insurance Reform Act of 1994 (which comprehensively revised the National Flood Insurance
Act of 1968 and the Flood Disaster Protection Act of 1973) as now or hereafter in effect or any successor statute thereto, (ii)&#8239;the
Flood Insurance Reform Act of 2004 as now or hereafter in effect or any successor statute thereto and (iii)&#8239;the Biggert-Waters Flood
Insurance Reform Act of 2012 as now or hereafter in effect or any successor statute thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Floor</U>&rdquo;
means a rate of interest equal to 3.00%.</P>

<P STYLE="font: 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">&ldquo;<U>Foreign Guarantors</U>&rdquo;
means each Guarantor that is not a Domestic 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: 0.5in">&ldquo;<U>Foreign Loan Party</U>&rdquo;
means any Loan Party that is not a Domestic 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: 0.5in">&ldquo;<U>Foreign Pension
Plan</U>&rdquo; means any occupational pension plan, fund (including, without limitation, any superannuation fund) or other similar program
established, contributed to or maintained outside the United States on a voluntary basis by any Loan Party (other than a Luxembourg Loan
Party), as a single employer or as part of a group of employers, primarily for the benefit of employees of any Loan Party residing outside
the United States, which plan, fund or other similar program provides, retirement income, and which plan is not subject to ERISA or the
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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><U>Four
Party Intercreditor Agreement</U>&rdquo; means that certain Intercreditor Agreement, dated as of the January&#8239;17, 2025, by and among
(i)&#8239;Deutsche Bank AG New York Branch, as the administrative agent and collateral agent for the lenders under the Prepetition Super-Priority
Revolving Credit Agreement, (ii)&#8239;Deutsche Bank AG New York Branch, as administrative agent and collateral agent for the lenders
under the Prepetition OpCo Credit Agreement, (ii)&#8239;Alter Domus (US) LLC, as collateral agent under the Prepetition Super Holdco Credit
Agreement, as amended, amended and restated, modified or supplemented from time to time, and (iv)&#8239;Alter Domus (US) LLC, as collateral
agent under the Prepetition Second Lien Notes Indenture, as amended, amended and restated, modified or supplemented 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-align: justify; text-indent: 0.5in">&ldquo;<U>FRB</U>&rdquo;
means the Board of Governors of the Federal Reserve System of the United States.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Fund</U>&rdquo;
means any Person (other than a natural person) that is engaged in making, purchasing, holding or otherwise investing in commercial loans
and similar extensions of credit in the ordinary course.</P>

<P STYLE="font: 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">&ldquo;<U>GAAP</U>&rdquo;
means generally accepted accounting principles in the United States, as in effect from time to time; <U>provided</U>, <U>however</U>,
that if the Lead Borrower notifies the Administrative Agent that the Lead Borrower requests an amendment to any provision hereof to eliminate
the effect of any change occurring after the Closing Date in GAAP or in the application thereof on the operation of such provision (or
if the Administrative Agent notifies the Lead Borrower that the Required Lenders request an amendment to any provision hereof for such
purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then such
provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective
until such notice shall have been withdrawn or such provision amended in accordance herewith.</P>

<P STYLE="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">&ldquo;<U>German Loan Party</U>&rdquo;
means any German Loan Party (i)&#8239;incorporated or established in Germany or (ii)&#8239;having its Centre of Main Interests in Germany.</P>

<P STYLE="font: 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; color: #231f20">&ldquo;<U>German
Security</U>&rdquo; means any Lien governed by German law over all or any part of its assets in respect of the obligations of any of
the Loan Parties under any of 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-align: justify; text-indent: 0.5in; color: #231f20">&ldquo;<U>German
Security Documents</U>&rdquo; means any Collateral Document governed by German 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: 0.5in">&ldquo;<U>Governmental Authority</U>&rdquo;
means any nation or government, the European Union, any state, provincial or other political subdivision thereof, any agency, authority,
instrumentality, regulatory body, court, administrative tribunal, central bank or other entity exercising executive, legislative, judicial,
taxing, regulatory or administrative powers or functions of or pertaining to government.</P>

<P STYLE="font: 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">&ldquo;<U>Granting Lender</U>&rdquo;
has the meaning specified in <U>Section&#8239;10.07(j)</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: justify; text-indent: 0.5in">&ldquo;<U>Guarantee</U>&rdquo;
means, as to any Person, without duplication, (a)&#8239;any obligation, contingent or otherwise, of such Person guaranteeing or having
the economic effect of guaranteeing any Indebtedness or other monetary obligation payable or performable by another Person (the &ldquo;primary
obligor&rdquo;) in any manner, whether directly or indirectly, and including any obligation of such Person, direct or indirect, (i)&#8239;to
purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other monetary obligation, (ii)&#8239;to
purchase or lease property, securities or services for the purpose of assuring the obligee in respect of such Indebtedness or other monetary
obligation of the payment or performance of such Indebtedness or other monetary obligation, (iii)&#8239;to maintain working capital, equity
capital or any other financial statement condition or liquidity or level of income or cash flow of the primary obligor so as to enable
the primary obligor to pay such Indebtedness or other monetary obligation, or (iv)&#8239;entered into for the purpose of assuring in any
other manner the obligee in respect of such Indebtedness or other monetary obligation of the payment or performance thereof or to protect
such obligee against loss in respect thereof (in whole or in part), or (b)&#8239;any Lien on any assets of such Person securing any Indebtedness
or other monetary obligation of any other Person, whether or not such Indebtedness or other monetary obligation is assumed by such Person
(or any right, contingent or otherwise, of any holder of such Indebtedness or other monetary obligation to obtain any such Lien); <U>provided</U>
that the term &ldquo;Guarantee&rdquo; shall not include endorsements for collection or deposit, in either case in the ordinary course
of business or consistent with past practice, or customary and reasonable indemnity obligations in effect on the Closing Date or entered
into in connection with any acquisition or disposition of assets permitted under this Agreement (other than such obligations with respect
to Indebtedness). The amount of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the related
primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably
anticipated liability in respect thereof as determined by the guaranteeing Person in good faith. The term &ldquo;Guarantee&rdquo; as
a verb has a corresponding 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Guaranteed Obligations</U>&rdquo;
has the meaning specified in <U>Section&#8239;11.01</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: justify; text-indent: 0.5in">&ldquo;<U>Guarantor Joinder</U>&rdquo;
means a joinder agreement substantially in the form of Exhibit&#8239;E 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"></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">&ldquo;<U>Guarantors</U>&rdquo;
means each Closing Date Guarantor, and those Subsidiaries of Parent that have issued a guaranty of the Obligations after the Closing
Date pursuant to a Guarantor Joinder in accordance with <U>Section&#8239;6.11</U> or <U>6.18</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: justify; text-indent: 0.5in">&ldquo;<U>Guaranty</U>&rdquo;
means, collectively, the guaranty of the Obligations by the Guarantors pursuant 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Hazardous Materials</U>&rdquo;
means all materials, pollutants, contaminants, chemicals, wastes or any other substances, including petroleum or petroleum distillates,
asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas, toxic mold, electromagnetic radio frequency or microwave
emissions, that are listed, classified or regulated as hazardous or toxic, or any similar term, pursuant to any Environmental 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: 0.5in">&ldquo;<U>Holdings</U>&rdquo;
has the meaning set forth in the introductory paragraph 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Indebtedness</U>&rdquo;
means, as to any Person at a particular time, without duplication, all 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 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>all
obligations of such Person for borrowed money and all obligations of such Person evidenced by bonds, debentures, notes, loan agreements
or other similar instruments;</P>

<P STYLE="font: 10pt 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: 0.5in"><FONT STYLE="font-size: 10pt">2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
maximum amount (after giving effect to any prior drawings or reductions which may have been reimbursed) of all outstanding letters of
credit (including standby and commercial), bankers&rsquo; acceptances, bank guaranties, surety bonds, performance bonds and similar instruments
issued or created by or for the account of such Person;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>all
obligations of such Person to pay the deferred purchase price of property or services (other than (i)&#8239;trade accounts payable in
the ordinary course of business and (ii)&#8239;any earn-out obligation until such obligation becomes a liability on the balance sheet
of such Person in accordance with GAAP and is not paid within thirty (30) Business Days after becoming 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>indebtedness
(excluding prepaid interest thereon) secured by a Lien on property owned or being purchased by such Person (including indebtedness arising
under conditional sales or other title retention agreements and mortgage, industrial revenue bond, industrial development bond and similar
financings), whether or not such indebtedness shall have been assumed by such Person or is limited in recourse;</P>

<P STYLE="font: 10pt 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: 0.5in"><FONT STYLE="font-size: 10pt">6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>all
Attributable 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">7.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>all
obligations of such Person in respect of Disqualified Equity Interests to the extent that the foregoing would constitute indebtedness
or a liability in accordance with GAAP; 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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">8.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>to
the extent not otherwise included above, all Guarantees of such Person in respect of 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; text-align: justify; text-indent: 0.5in">The amount of Indebtedness
of any Person for purposes of clause&#8239;5 shall be deemed to be equal to the lesser of (i)&#8239;the aggregate unpaid amount of such
Indebtedness and (ii)&#8239;the fair market value of the property encumbered thereby as determined by such Person in good faith.</P>

<P STYLE="font: 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">&ldquo;<U>Indemnified Liabilities</U>&rdquo;
has the meaning set forth in <U>Section&#8239;10.05</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: justify; text-indent: 0.5in">&ldquo;<U>Indemnified Taxes</U>&rdquo;
has the meaning set forth in <U>Section&#8239;3.01(a)</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: justify; text-indent: 0.5in">&ldquo;<U>Indemnitees</U>&rdquo;
has the meaning set forth in <U>Section&#8239;10.05</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: justify; text-indent: 0.5in">&ldquo;<U>Independent Manager</U>&rdquo;
means an individual who is natural person and who: (i)&#8239;for the five-year period prior to such person&rsquo;s appointment as Independent
Manager has not been, and during the continuation of such person&rsquo;s service as Independent Manager is not: (A)&#8239;an employee,
director, stockholder, member, manager, partner or officer of any Loan Party or any of its Affiliates (other than such person&rsquo;s
service as an Independent Manager); (B)&#8239;a customer, creditor, service provider or supplier of any Loan Party or any of its Affiliates
(other than such person&rsquo;s service as an Independent Manager); or (C)&#8239;any member of the immediate family of a person described
in the foregoing clause (A)&#8239;or (B); and (ii)&#8239;has (A)&#8239;prior experience as an Independent Manager for a corporation or limited
liability company whose charter or organizational documents required the unanimous consent of all Independent Managers thereof before
such corporation or limited liability company could consent to the institution of bankruptcy or insolvency proceedings against it or
could file a petition seeking relief under any applicable federal or state law relating to bankruptcy; and (B)&#8239;at least three years
of employment experience with one or more entities that provide, in the ordinary course of their respective businesses, advisory, management
or placement services (including providing independent managers) to issuers of structured finance instruments, agreements or 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Information</U>&rdquo;
has the meaning set forth in <U>Section&#8239;10.08</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-align: justify">&ldquo;<U>Initial Budget</U>&rdquo;
means the budget attached to the Interim DIP Order as <U>Annex 1</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-align: justify">&ldquo;<U>Initial New Money Term Loans</U>&rdquo;
has the meaning set forth in <U>Section&#8239;2.01(a)</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: justify; text-indent: 0.5in">&ldquo;<U>Insolvency Regulation</U>&rdquo;
means Regulation (EU) 2015/848 of the European Parliament and of the Council of 20 May&#8239;2015 on insolvency proceedings (recast) as
amended by Regulation (EU) 2021/2260 of the European Parliament and of the Council of 15 December&#8239;2021.</P>

<P STYLE="font: 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">&ldquo;<U>Intercompany Parent
Note</U>&rdquo; means that certain Loan Agreement, dated as of September&#8239;8, 2023, by and between the Lead Borrower as lender and
Trinseo LuxCo as borrower, pursuant to which the Lead Borrower made available to Trinseo LuxCo a loan in the principal amount of $128,865,980.</P>

<P STYLE="font: 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">&ldquo;<U>Interest Payment
Date</U>&rdquo; means, (a)&#8239;as to any SOFR Loan, the last day of each Interest Period applicable to such Term Loan, any day on which
such Term Loan is converted into a Base Rate Loan, any day on which payment of principal in respect of such SOFR Loan is made (whether
as optional or mandatory prepayment or as repayment) and the Maturity Date (whether by acceleration or otherwise); and (b)&#8239;as to
any Base Rate Loan, the last Business Day of each month, any day on which payment of principal in respect of such Base Rate Loan is made
(whether as optional or mandatory prepayment or as repayment) and the Maturity Date (whether by acceleration 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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    <!-- 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: 0.5in">&ldquo;<U>Interest Period</U>&rdquo;
means, as to each SOFR Loan, the period commencing on the date such SOFR Loan is disbursed or converted to or continued as a SOFR Loan
and ending on the date one (1)&#8239;month thereafter; <U>provided</U> 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 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>any
Interest Period that would otherwise end on a day that is not a Business Day shall be extended to the next succeeding Business Day unless
such Business Day falls in another calendar month, in which case such Interest Period shall end on the immediately preceding 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>any
Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding
day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of
such Interest Period;</P>

<P STYLE="font: 10pt 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: 0.5in"><FONT STYLE="font-size: 10pt">3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>no
Interest Period shall extend beyond 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>no
tenor that has been removed from this definition pursuant to <U>Section&#8239;2.21(d)</U>&#8239;shall be available for specification in
such Committed Loan Notice; 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: 0.5in"><FONT STYLE="font-size: 10pt">5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>at
the election of the Lead Borrower, the initial Interest Period for any Delayed Draw New Money Term Loan may be shorter than a month (a
 &ldquo;Stub Period&rdquo;) so that such Interest Period ends on the last day of the then-current Interest Period applicable to the outstanding
Initial New Money Term Loans, and thereafter such Delayed Draw New Money Term Loans shall have Interest Periods that are coterminous
with the Interest Periods applicable to the Initial New Money Term 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-align: justify; text-indent: 0.5in">&ldquo;<U>Interim
DIP Order</U>&rdquo; means an order of the Bankruptcy Court in the Chapter 11 Cases, which order (a)&#8239;shall be in form and substance,
and on terms and conditions, reasonably satisfactory to the Loan Parties, Required Lenders and, with respect to those provisions thereof
that affect the rights, obligations, liabilities and duties of the Administrative Agent, to the Administrative Agent, and (b)&#8239;shall,
subject to the foregoing, authorize and approve, on an interim basis, among other matters, (i)&#8239;the Loan Parties&rsquo; entry into
the Loan Documents, (ii)&#8239;the making of the Loans, (iii)&#8239;the granting of the DIP Superpriority Claims against the SHC Debtors
and the granting of Liens on the Collateral in accordance with the Loan Documents, (iv)&#8239;the use of Super Holdco Cash Collateral
(as defined in the Interim DIP Order), and (v)&#8239;the granting of adequate protection to the Prepetition SHC 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-align: justify; text-indent: 0.5in">&ldquo;<U>Interim
Roll-Up Term Loans</U>&rdquo; has the meaning set forth in <U>Section&#8239;2.01(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 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;<U>Irish
Guarantor</U>&rdquo; means 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"></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">&ldquo;<U>Irish
Mobility Regulations</U>&rdquo; means the European Union (Cross-Border Conversions, Mergers and Divisions) Regulations 2023 (as amended).</P>

<P STYLE="font: 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">&ldquo;<U>Irregular Dividends</U>&rdquo;
has the meaning set forth in <U>Section&#8239;2.05(b)(iii)</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: justify; text-indent: 0.5in">&ldquo;<U>Investment</U>&rdquo;
means, with respect to any Person, all investments by such Person in other Persons (including Affiliates) in the form of any direct or
indirect advance, loan or other extensions of credit (other than advances or extensions of credit to customers, suppliers, directors,
officers or employees of any Person in the ordinary course of business or consistent with past practice, and excluding any debt or extension
of credit represented by a bank deposit other than a time deposit) or capital contribution to (by means of any transfer of cash or other
property to others or any payment for property or services for the account or use of others), or the incurrence of a Guarantee of any
obligation of, or any purchase or acquisition of Equity Interests,&#8239;Indebtedness or other similar instruments issued by, such other
Persons and all other items that are or would be classified as investments on a balance sheet prepared on the basis of 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; text-align: justify; text-indent: 0.5in">The amount of any Investment
outstanding at any time shall be the original cost of such Investment (with the fair market value of such Investment being measured at
the time such Investment is made and without giving effect to subsequent changes in value) as reduced by any dividend, distribution,
interest payment, return of capital, repayment or other amount (including in respect of dispositions) received in cash or Cash Equivalents
in respect of such Investment; <U>provided</U> that the aggregate amount of such dividend, distribution, interest payment, return of
capital, repayment or other amount shall not exceed the original amount of 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>IP Rights</U>&rdquo;
means any trademarks, service marks, trade names, domain names, copyrights, patents, patent rights, technology, domain names, software,
trade secrets, know-how database rights, design rights and other intellectual property rights.</P>

<P STYLE="font: 10pt 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">&ldquo;<U>Junior Financing</U>&rdquo;
has the meaning set forth in <U>Section&#8239;7.13(a)</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: justify; text-indent: 0.5in">&ldquo;<U>Junior Financing
Documentation</U>&rdquo; means any documentation governing any Junior Financing.</P>

<P STYLE="font: 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">&ldquo;<U>JV Agreement</U>&rdquo;
means that certain Limited Liability Company Agreement of Americas Styrenics LLC, dated as of May&#8239;2, 2008, by and between Chevron
Phillips Chemical Company LP and Trinseo LLC (as successor to The Dow Chemical Company), as amended prior to the Closing Date and as
may be amended after the Closing Date solely to the extent not prohibited 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-align: justify; text-indent: 0.5in">&ldquo;<U>JV Interests</U>&rdquo;
means all Equity Interests of Americas Styrenics owned by Trinseo LLC, the Co-Borrower, the Specified Subsidiary or any of their Affiliates
at any time, which shall in no event be less than 50% of the Equity Interests of Americas Styrenics, unless consented to in writing (email
being sufficient) by the Required Lenders.</P>

<P STYLE="font: 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">&ldquo;<U>Laws</U>&rdquo;
means, collectively, all international, foreign, federal, state, regional, provincial and local statutes, treaties, rules, guidelines,
regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration
thereof by any Governmental Authority charged with the enforcement, interpretation or administration thereof, and all applicable administrative
orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental 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"></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: justify; text-indent: 0.5in">&ldquo;<U>Lead Borrower</U>&rdquo;
has the meaning provided in the introductory paragraph 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: 0.5in">&ldquo;<U>Lender</U>&rdquo;
has the meaning specified in the introductory paragraph to this Agreement and their respective successors and assigns as permitted hereunder,
each of which is referred to herein as a &ldquo;Lender.&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: 0.5in">&ldquo;<U>Lending Office</U>&rdquo;
means, as to any Lender, such office or offices as such Lender may from time to time notify the Lead Borrower 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">&ldquo;<U>Lien</U>&rdquo;
means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge, or preference,
priority or other security interest or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other
title retention agreement (including extended or prolonged retention of title), any easement, right of way or other encumbrance on title
to Real Property, and any Capitalized Lease having substantially the same economic effect as 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Liquidity</U>&rdquo;
means, as of any date of determination, the aggregate amount of unrestricted cash and Cash Equivalents of 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-align: justify; text-indent: 0.5in">&ldquo;<U>Liquidity Report
Deadline</U>&rdquo; has the meaning set forth in Section&#8239;6.20.</P>

<P STYLE="font: 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">&ldquo;<U>Loan Documents</U>&rdquo;
means, collectively, (a)&#8239;this Agreement, (b)&#8239;the Term Notes, (c)&#8239;the Collateral Documents, (d)&#8239;the Agent Fee Letter
and(e)&#8239;any other amendment or joinder 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Loan Parties</U>&rdquo;
means, collectively, each Borrower and each Guarantor.</P>

<P STYLE="font: 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">&ldquo;<U>Luxembourg</U>&rdquo;
means the Grand Duchy of Luxembourg.</P>

<P STYLE="font: 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">&ldquo;<U>Luxembourg Collateral
Documents</U>&rdquo; means the DIP Share Pledge Agreement and the DIP Receivables Pledge Agreement, each as defined in Schedule 6.18,
in each case as amended, restated, supplemented or otherwise modified 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Luxembourg
Insolvency Event</U>&rdquo; means, in relation to any Luxembourg Loan Party or any of its assets, any corporate action, legal proceedings
or other procedure or step in relation to bankruptcy (<I>faillite</I>), insolvency, </FONT>voluntary or judicial liquidation (<I>liquidation
volontaire ou judiciaire</I>), administrative dissolution without liquidation (<I>dissolution administrative sans liquidation</I>), moratorium
or reprieve from payment (<I>sursis de paiement</I>), or any of the out-of court or in-court reorganization procedures as provided for
in the Luxembourg law of 7 August&#8239;2023 on the preservation of enterprises and modernizing bankruptcy law, fraudulent conveyance
(<I>actio pauliana</I>), general settlement with creditors, reorganization or similar laws affecting the rights of creditors generally.</P>

<P STYLE="font: 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">&ldquo;<U>Luxembourg Loan
Party</U>&rdquo; means a Loan Party incorporated in Luxembourg.</P>

<P STYLE="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">&ldquo;<U>Margin Stock</U>&rdquo;
shall have the meaning assigned to such term in Regulation U of the FRB.</P>

<P STYLE="font: 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">&ldquo;<U>Material Adverse
Effect</U>&rdquo; means a (a)&#8239;material adverse effect on the business, operations, assets, liabilities (actual or contingent) or
financial condition of the Borrowers, taken as a whole; (b)&#8239;material adverse effect on the ability of the Loan Parties (taken as
a whole) to fully and timely perform any of their payment obligations under any Loan Document to which any of the Loan Parties is a party;
or (c)&#8239;material adverse effect on the rights and remedies available to the Lenders or the Collateral Agent under any Loan Document
or on the ability of the Loan Parties, taken as a whole, to perform their payment obligations to the Lenders, in each case, under the
Loan Documents, in each case, other than the commencement of the Chapter 11 Cases, the events that lead to the commencement of the Chapter
11 Cases, events that customarily and reasonably result from the commencement of the Chapter 11 Cases and the consummation of the transactions
contemplated by the First Day Orders and the Restructuring Support 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">&ldquo;<U>Maturity Date</U>&rdquo;
means the earliest to occur of (a)&#8239;May&#8239;28, 2027, (b)&#8239;11:59 p.m.&#8239;New York City Time on the date that is four (4)&#8239;calendar
days after the Petition Date if the Interim DIP Order, in form and substance acceptable in all respects to the Required Lenders, has
not been entered by the Bankruptcy Court prior to such date and time, (c)&#8239;11:59 p.m.&#8239;New York City Time on the date that is
thirty-five (35) calendar days after the Petition Date (or if such thirty-fifth day is not a Business Day, the first succeeding Business
Day thereafter), if the Final DIP Order, in form and substance acceptable in all respects to the Required Lenders, has not been entered
by the Bankruptcy Court prior to such date and time, (d)&#8239;Chapter 11 Plan Effective Date, (e)&#8239;dismissal of any of the Chapter
11 Cases or conversion of any of the Chapter 11 Cases into a case under Chapter 7 of the Bankruptcy Code without the prior written consent
of the Required Lenders, (f)&#8239;the acceleration of the outstanding Term Loans and the termination of the commitments of each Lender
to make Term Loans under the this Agreement, in each case, pursuant to Section&#8239;8.02, and (g)&#8239;the closing of a sale of all or
substantially all assets or equity of the Loan Parties (other than to another Loan Party); <U>provided</U> that if any such day is not
a Business Day, then on the immediately succeeding 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Maximum Rate</U>&rdquo;
has the meaning specified in <U>Section&#8239;10.10</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-align: justify">&ldquo;<U>Milestones</U>&rdquo; has
the meaning set forth in Schedule 1.01B.</P>

<P STYLE="font: 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">&ldquo;<U>Minimum Tax</U>&rdquo;
means any taxes levied pursuant to the Minimum Tax Act (<I>Mindeststeuergesetz</I>) and any other taxes charged on the basis of any law
implementing or relating to (A)&#8239;Council Directive (EU) 2022/2523 of 14 December&#8239;2022 on ensuring a global minimum level of
taxation for multinational enterprise groups and large-scale domestic groups in the European Union or (B)&#8239;the OECD Global Anti-Base
Erosion Model Rules, including (for the avoidance of doubt) any qualifying domestic minimum top-up 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Moody&rsquo;s</U>&rdquo;
means Moody&rsquo;s Investors Service,&#8239;Inc. and any successor 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-align: justify; text-indent: 0.5in">&ldquo;<U>Multiemployer Plan</U>&rdquo;
means a &ldquo;multiemployer plan&rdquo; as defined in Section&#8239;4001(a)(3)&#8239;of ERISA, to which any Loan Party or any ERISA Affiliate
makes or is obligated to make contributions, or during the preceding five (5)&#8239;plan years, has made or been obligated to make contributions.</P>

<P STYLE="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">&ldquo;<U>Nationally Recognized
Statistical Rating Organization</U>&rdquo; means a nationally recognized statistical rating organization within the meaning of Rule&#8239;436
under the Securities 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: 0.5in">&ldquo;<U>Net Proceeds</U>&rdquo;
means:</P>

<P STYLE="font: 10pt 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: 0.5in"><FONT STYLE="font-size: 10pt">1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>100%
of the cash proceeds actually received by the applicable Loan Party (including any cash payments received by way of deferred payment
of principal pursuant to a note or installment receivable or purchase price adjustment receivable or otherwise as and when received)
from any Disposition or any Casualty Event, net of (i)&#8239;attorneys&rsquo; fees, accountants&rsquo; fees, investment banking fees,
survey costs, title insurance premiums, and related search and recording charges, transfer taxes, deed or mortgage recording taxes, required
debt payments and required payments of other obligations (including without limitation principal amount, premium or penalty, if any,
interest and other amounts) (other than pursuant to the Loan Documents), other customary expenses and brokerage, consultant and other
customary fees actually incurred in connection therewith, (ii)&#8239;[reserved], (iii)&#8239;taxes actually paid as a result thereof after
taking into account the Loan Parties&rsquo; available tax attributes (including any net operating losses), and (iv)&#8239;the amount of
any reasonable reserve established in accordance with GAAP against any adjustment to the sale price or any liabilities (other than any
taxes deducted pursuant to clause&#8239;(iii)&#8239;above) (x)&#8239;related to any of the applicable assets and (y)&#8239;retained by the
applicable Loan Party (however, the amount of any subsequent reduction of such reserve (other than in connection with a payment of such
liability) shall be deemed to be Net Proceeds of such Disposition or Casualty Event occurring on the date of such reduction); 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: 0.5in"><FONT STYLE="font-size: 10pt">2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>100%
of the cash proceeds actually received from the incurrence, issuance or sale by any Loan Party of any Indebtedness, net of all taxes
paid or reasonably estimated to be payable as a result thereof and fees (including investment banking fees and discounts and attorneys
fees), commissions, costs and other expenses, in each case incurred in connection with such issuance or sale; 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: 0.5in"><FONT STYLE="font-size: 10pt">3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>100%
of the cash proceeds actually received from the issuance or sale of Equity Interests in Holdings or the Lead Borrower, net of all taxes
paid or reasonably estimated to be payable as a result thereof and fees (including investment banking fees and discounts and attorneys
fees), commissions, costs and other expenses, in each case incurred in connection with such issuance or sale.</P>

<P STYLE="font: 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">For purposes of calculating
the amount of Net Proceeds, fees, commissions and other costs and expenses payable to the applicable Loan Party 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-align: justify; text-indent: 0.5in">&ldquo;<U>New Money Commitments</U>&rdquo;
shall mean the amount in U.S. Dollars set opposite each Lender&rsquo;s name under the heading &ldquo;New Money Commitment&rdquo; in Schedule
1.01A or in the Assignment and Acceptance pursuant to which such Lender became a party hereto, as the same may be changed or reduced
from time to time pursuant to the terms hereof. The aggregate amount of the New Money Commitments on the Closing Date is $52,500,000.00.</P>

<P STYLE="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">&ldquo;<U>New Money Term
Loans</U>&rdquo; shall have the meaning specified in <U>Section&#8239;2.01(a)</U>, and shall include, for the avoidance of doubt, the
Initial New Money Term Loans and the Delayed Draw New Money Term 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-align: justify; text-indent: 0.5in">&ldquo;<U>Non-Consenting
Lender</U>&rdquo; has the meaning set forth in <U>Section&#8239;3.07(d)</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: justify; text-indent: 0.5in">&ldquo;<U>Non-Defaulting
Lender</U>&rdquo; means, at any time, a Lender that is not a Defaulting 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-align: justify; text-indent: 0.5in">&ldquo;Non-Cooperative Jurisdiction&rdquo;
means any non-cooperative state or territory (nicht kooperatives Steuerhoheitsgebiet) as set out in the regulation (as amended from time
to time) referred to in section 3 sub-section 1 of the Act to prevent Tax Avoidance and Unfair Tax Competition (<I>Gesetz zur Abwehr
von Steuervermeidung und unfairem Steuerwettbewerb</I> (<I>Steueroasen-Abwehrgesetz</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-align: justify; text-indent: 0.5in">&ldquo;<U>Obligations</U>&rdquo;
means all advances to, and debts, liabilities, obligations, covenants and duties of, any Loan Party or any Foreign Guarantor arising
under any Loan Document or otherwise with respect to any Term Loan, whether direct or indirect (including those acquired by assumption),
absolute or contingent, due or to become due, now existing or hereafter arising and including interest and fees that accrue after the
commencement by or against any Loan Party of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding,
regardless of whether such interest and fees are allowed claims in such proceeding. Without limiting the generality of the foregoing,
the Obligations of the Loan Parties and the Foreign Guarantors under the Loan Documents include (a)&#8239;the obligation (including guarantee
obligations) to pay principal, interest, reimbursement obligations, charges, expenses, fees, Attorney Costs, indemnities and other amounts
payable by any Loan Party under any Loan Document and (b)&#8239;the obligation of any Loan Party or any Foreign Guarantor to reimburse
any amount in respect of any of the foregoing that any Lender, in its sole discretion, may elect to pay or advance on behalf of such
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: 0.5in">&ldquo;<U>OFAC</U>&rdquo;
has the meaning set forth in <U>Section&#8239;5.22(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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Officer&rsquo;s
Certificate</U>&rdquo; means, with respect to any Person, a certificate signed by one Responsible Officer of 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>OID</U>&rdquo;
means original issue discount.</P>

<P STYLE="font: 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">&ldquo;<U>OpCo 2028 Term
Lenders Ad Hoc Group</U>&rdquo; means that certain ad hoc group of Prepetition Super HoldCo Lenders represented by Gibson, Dunn&#8239;&amp;
Crutcher LLP, (b)&#8239;Lazard Freres&#8239;&amp; Co.</P>

<P STYLE="font: 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">&ldquo;<U>OpCo 2028 Term
Lenders Ad Hoc Group&rsquo;s Advisors</U>&rdquo; means, collectively, (i)&#8239;Gibson, Dunn&#8239;&amp; Crutcher LLP, as counsel to the
OpCo 2028 Term Lenders Ad Hoc Group, (ii)&#8239;Lazard Freres&#8239;&amp; Co., as financial advisor to OpCo 2028 Term Lenders Ad Hoc Group
and (iii)&#8239;subject to prior written consent of the Lead Borrower (such consent not to be unreasonably withheld, conditioned or delayed),
such other attorneys, financial advisors or professionals retained by or on behalf of the OpCo 2028 Term Lenders Ad Hoc Group).</P>

<P STYLE="font: 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">&ldquo;<U>OpCo Borrowers</U>&rdquo;
means each of the OpCo Lead Borrower and the OpCo Co-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"></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">&ldquo;<U>OpCo Carve-Out</U>&rdquo;
has the meaning assigned to such term in the OpCo Interim DIP Order (with respect to the period prior to the entry of the OpCo Final
DIP Order) or the OpCo Final DIP Order (from and after the date on which the OpCo Final DIP Order is 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>OpCo Co-Borrower</U>&rdquo;
means the Trinseo Co-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-align: justify; text-indent: 0.5in">&ldquo;<U>OpCo Debtors</U>&rdquo;
has the meaning assigned to such term in the OpCo DIP 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">&ldquo;<U>OpCo DIP Administrative
Agent</U>&rdquo; has the meaning assigned to the term &ldquo;Administrative Agent&rdquo; in the OpCo DIP 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">&ldquo;<U>OpCo DIP Collateral</U>&rdquo;
has the meaning assigned to the term &ldquo;Collateral&rdquo; in the OpCo DIP 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">&ldquo;<U>OpCo DIP Credit
Agreement</U>&rdquo; means that certain Senior Secured Super-Priority Debtor-In-Possession OpCo Credit Agreement dated May&#8239;28, 2026
(and as amended, supplemented and/or otherwise modified from time to time in accordance with the terms thereof), among the OpCo Borrowers,
OpCo Holdings, the other OpCo Dip Loan Parties from time to time party thereto, Alter Domus (US) LLC, as administrative agent and collateral
agent, and the lenders and other agents from time to time party 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-align: justify; text-indent: 0.5in">&ldquo;<U>OpCo DIP Loan Documents</U>&rdquo;
has the meaning assigned to the term &ldquo;Loan Documents&rdquo; in the OpCo DIP 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">&ldquo;<U>OpCo DIP Loan Parties</U>&rdquo;
has the meaning assigned to the term &ldquo;Loan Parties&rdquo; in the OpCo DIP 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">&ldquo;<U>OpCo DIP Loans</U>&rdquo;
has the meaning assigned to the term &ldquo;Loans&rdquo; in the OpCo DIP 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">&ldquo;<U>OpCo DIP Orders</U>&rdquo;
means, collectively, the OpCo Interim DIP Order and the OpCo Final DIP Order and separately, the OpCo Interim DIP Order or the OpCo Final
DIP Order, as the context requires.</P>

<P STYLE="font: 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">&ldquo;<U>OpCo DIP Required
Lenders</U>&rdquo; has the meaning assigned to the term &ldquo;Required Lenders&rdquo; in the OpCo DIP 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">&ldquo;<U>OpCo Holdings</U>&rdquo;
means Trinseo LuxCo.</P>

<P STYLE="font: 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">&ldquo;<U>OpCo Interim DIP
Order</U>&rdquo; means an order of the Bankruptcy Court in the Chapter 11 Cases which order (a)&#8239;shall be in form and substance,
and on terms and conditions, reasonably satisfactory to the OpCo Loan Parties, the OpCo DIP Required Lenders and, with respect to those
provisions thereof that affect the rights, obligations, liabilities and duties of the OpCo DIP Administrative Agent, to the OpCo DIP
Administrative Agent, and (b)&#8239;shall, subject to the foregoing, authorize and approve, on an interim basis, among other matters,
(i)&#8239;the OpCo DIP Loan Parties&rsquo; entry into the OpCo DIP Loan Documents, (ii)&#8239;the making of the OpCo DIP Loans, (iii)&#8239;the
granting of the OpCo DIP Superpriority Claims against the OpCo Debtors and the granting of Liens on the OpCo DIP Collateral in accordance
with the OpCo DIP Loan Documents, (iv)&#8239;the use of cash collateral, and (vi)&#8239;the granting of adequate protection to the Prepetition
OpCo Term Loan Secured Parties and the Prepetition OpCo Revolving Loan 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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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</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-align: justify; text-indent: 0.5in">&ldquo;<U>OpCo Final DIP
Order</U>&rdquo; means an order of the Bankruptcy Court in the Chapter 11 Cases which order (a)&#8239;shall be in form and substance,
and on terms and conditions, reasonably satisfactory to the OpCo Loan Parties, the OpCo DIP Required Lenders and, with respect to those
provisions thereof that affect the rights, obligations, liabilities and duties of the OpCo DIP Administrative Agent, to the OpCo DIP
Administrative Agent, and (b)&#8239;shall, subject to the foregoing, authorize and approve, on a final basis, among other matters, (i)&#8239;the
OpCo DIP Loan Parties&rsquo; entry into the OpCo DIP Loan Documents, (ii)&#8239;the making of the OpCo DIP Loans, (iii)&#8239;the granting
of the OpCo DIP Superpriority Claims against the OpCo Debtors and the granting of Liens on the OpCo DIP Collateral in accordance with
the OpCo DIP Loan Documents, (iv)&#8239;the use of cash collateral, and (vi)&#8239;the granting of adequate protection to the Prepetition
OpCo Term Loan Secured Parties and the Prepetition OpCo Revolving Loan 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-align: justify; text-indent: 0.5in">&ldquo;<U>OpCo DIP Superpriority
Claims</U>&rdquo; means the OpCo DIP Credit Agreement superpriority administrative expense claims under section 364(c)&#8239;of the Bankruptcy
Code against each of the OpCo Debtors, on a joint and several basis, which claims, subject to the OpCo Carve-Out and Prior Liens, shall
have priority over any and all other administrative expense claims against the OpCo Debtors and their estates, now existing or hereafter
arising, including, without limitation, administrative expenses of the kind specified in or ordered pursuant to sections 105, 326, 328,
330, 331, 365, 503(a), 503(b), 506(c), 507(a), 507(b), 546(c), 546(d), 552(b), 726, 1113 and 1114 of the Bankruptcy Code or otherwise,
with recourse against all 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-align: justify; text-indent: 0.5in">&ldquo;<U>OpCo Lead Borrower</U>&rdquo;
means the Trinseo Lead 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-align: justify; text-indent: 0.5in">&ldquo;<U>Organization Documents</U>&rdquo;
means, (a)&#8239;with respect to any corporation, the certificate or articles of incorporation, the articles of association, the bylaws
and the unanimous shareholder agreements or declarations (or equivalent or comparable constitutive documents with respect to any non-U.S.
jurisdiction); (b)&#8239;with respect to any limited liability company, the certificate or articles of formation or organization and the
operating or limited liability company agreement (or equivalent or comparable documents with respect to any non-U.S. jurisdiction) or
articles of association; and (c)&#8239;with respect to any partnership, joint venture, trust or other form of business entity, the articles
of association, the partnership, joint venture or other applicable agreement of formation or organization and any agreement, instrument,
filing or notice with respect thereto filed in connection with its formation or organization with the applicable Governmental Authority
in the jurisdiction of its formation or organization and, if applicable, any certificate or articles of formation or organization of
such entity.</P>

<P STYLE="font: 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">&ldquo;<U>Other Connection
Taxes</U>&rdquo; means, with respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient
and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party
to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction
pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Other Taxes</U>&rdquo;
has the meaning specified in <U>Section&#8239;3.01(a)</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"></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">&ldquo;<U>Outstanding Amount</U>&rdquo;
means with respect to the Term Loans on any date, the aggregate outstanding Dollar Amount thereof after giving effect to any borrowings
and prepayments or repayments of Term Loans occurring 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Parallel Debt</U>&rdquo;
has the meaning specified in <U>Section&#8239;9.15(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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Parent</U>&rdquo;
shall have the meaning set forth in the introductory 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-align: justify; text-indent: 0.5in">&ldquo;<U>Participant</U>&rdquo;
has the meaning specified in <U>Section&#8239;10.07(e)</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: justify; text-indent: 0.5in">&ldquo;<U>Participant Register</U>&rdquo;
has the meaning specified in <U>Section&#8239;10.07(e)</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: justify; text-indent: 0.5in">&ldquo;<U>Participating Member
State</U>&rdquo; means each state so described in any EMU Legislation.</P>

<P STYLE="font: 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">&ldquo;<U>Payment Recipient</U>&rdquo;
has the meaning specified in <U>Section&#8239;9.04</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: justify; text-indent: 0.5in">&ldquo;<U>PBGC</U>&rdquo;
means the Pension Benefit Guaranty Corporation.</P>

<P STYLE="font: 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">&ldquo;<U>Pension Plan</U>&rdquo;
means any &ldquo;employee pension benefit plan&rdquo; (as such term is defined in Section&#8239;3(2)&#8239;of ERISA), other than a Multiemployer
Plan or Foreign Pension Plan, that is subject to Title IV of ERISA and is sponsored or maintained by any Loan Party, any Subsidiary or
any ERISA Affiliate, and such plan for the five-year period immediately following the latest date on which any Loan Party or Subsidiary
maintained, contributed to or had an obligation to contribute to such plan.</P>

<P STYLE="font: 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">&ldquo;<U>Periodic Term SOFR
Determination Day</U>&rdquo; has the meaning specified in the definition of &ldquo;Term SOFR&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: 0.5in">&ldquo;<U>Permitted Investment</U>&rdquo;
means:</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Investments
existing as of the Closing Date, including ownership of Equity Interests of any Covenant Party or any Subsidiary existing as of the Closing
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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>unsecured
and subordinated Investments made by a Covenant Party in another Covenant Party evidenced by and subject to an intercompany subordination
agreement with respect to 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>(i)&#8239;the
ownership of the JV Interests by the Specified Subsidiary and (ii)&#8239;the ownership by the Co-Borrower of the Specified 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Investments
in cash, Cash Equivalents or Investment Grade 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Investments
consisting of the 2023 Incremental Term Loans (as defined in the Prepetition Super Holdco Credit Agreement), the 2023 Refinancing Term
Loans (as defined in the Prepetition Super Holdco Credit Agreement), the 2025 Incremental Term Loans (as defined in the Prepetition Super
Holdco Credit Agreement) or any proceeds or distributions therefrom;</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Investments
received in connection with any Disposition permitted under <U>Section&#8239;7.05</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"></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"><FONT STYLE="font-size: 10pt">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Investments
in the ordinary course of business consisting of Uniform Commercial Code Article&#8239;3 endorsements for collection or deposit;</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Intercompany Parent Note;</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(j)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>any
unsecured Guarantee by any Covenant Party of the obligations of any Affiliate of such Covenant Party to suppliers, distributors, customers
and licensees 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(k)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(l)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Soley
with respect to Aristech or Altuglas,</P>

<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: 11%"></TD><TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">(i)</FONT></TD><TD STYLE="text-align: justify; width: 84%">Investments
                                            in the form of deposits made to Trinseo Ireland Global IHB Limited using cash generated by
                                            Aristech or Altuglas, as applicable, in the ordinary course of business, which loans shall
                                            be made in the ordinary course and consistent with past practice; provided, that neither
                                            Aristech nor Altuglas shall make any additional investments pursuant to this clause (i)&#8239;following
                                            the occurrence and during the continuance of a Default or Event of Default;</TD></TR></TABLE>

<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: 11%"></TD><TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">(ii)</FONT></TD><TD STYLE="text-align: justify; width: 84%">Investments
                                            in cash, Cash Equivalents or Investment Grade Securities</TD></TR></TABLE>

<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: 11%"></TD><TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">(iii)</FONT></TD><TD STYLE="text-align: justify; width: 84%">Investments
                                            in receivables owing to Aristech or Altuglas created or acquired in the ordinary course of
                                            business;</TD></TR></TABLE>

<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: 11%"></TD><TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">(iv)</FONT></TD><TD STYLE="text-align: justify; width: 84%">Investments
                                            (i)&#8239;in payroll, travel, entertainment expenses, moving expenses and similar advances
                                            to cover matters that are expected at the time of such advances ultimately to be treated
                                            as expenses for accounting purposes and that are made in the ordinary course of business
                                            or (ii)&#8239;[reserved];</TD></TR></TABLE>

<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: 11%"></TD><TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">(v)</FONT></TD><TD STYLE="text-align: justify; width: 84%">Investments
                                            received in settlement of debts created in the ordinary course of business and owing to Aristech
                                            or Altuglas or in exchange for any other Investment or accounts receivable held by Aristech
                                            or Altuglas, or as a result of foreclosure, perfection or enforcement of any Lien, or in
                                            satisfaction of judgments or pursuant to any plan of reorganization or similar arrangement
                                            including upon the bankruptcy or insolvency of a debtor or otherwise with respect to any
                                            secured Investment or other transfer of title with respect to any secured Investment in default;</TD></TR></TABLE>

<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: 11%"></TD><TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">(vi)</FONT></TD><TD STYLE="text-align: justify; width: 84%">[reserved];</TD></TR></TABLE>

<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: 11%"></TD><TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">(vii)</FONT></TD><TD STYLE="text-align: justify; width: 84%">Investments
                                            made as a result of the receipt of non-cash consideration from a sale or other disposition
                                            of property or assets, including a Disposition;</TD></TR></TABLE>

<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: 11%"></TD><TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">(viii)</FONT></TD><TD STYLE="text-align: justify; width: 84%">Investments
                                            existing or pursuant to agreements or arrangements in effect on the Closing Date or made
                                            pursuant to binding commitments in effect on the Closing Date and set forth on <U>Schedule
                                            1.01E</U>, and any modification, replacement, renewal or extension thereof; <U>provided</U>,
                                            that the amount of any such Investment or binding commitment may not be increased except
                                            (a)&#8239;as required by the terms of such Investment or binding commitment as in existence
                                            on the Closing Date or (b)&#8239;as otherwise permitted under 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"></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="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 11%"></TD><TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">(ix)</FONT></TD><TD STYLE="text-align: justify; width: 84%">[reserved];</TD></TR></TABLE>

<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: 11%"></TD><TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">(x)</FONT></TD><TD STYLE="text-align: justify; width: 84%">pledges
                                            or deposits with respect to leases or utilities provided to third parties in the ordinary
                                            course of business or Liens permitted under Section&#8239;7.01;</TD></TR></TABLE>

<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: 11%"></TD><TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">(xi)</FONT></TD><TD STYLE="text-align: justify; width: 84%">[reserved];</TD></TR></TABLE>

<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: 11%"></TD><TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">(xii)</FONT></TD><TD STYLE="text-align: justify; width: 84%">Investments
                                            consisting of purchases and acquisitions of assets, services, inventory, supplies, materials
                                            and equipment or licenses or leases of intellectual property, in any case, in the ordinary
                                            course of business and in accordance with this Agreement;</TD></TR></TABLE>

<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: 11%"></TD><TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">(xiii)</FONT></TD><TD STYLE="text-align: justify; width: 84%">(i)&#8239;Guarantees
                                            not prohibited under Section&#8239;7.03 and (other than with respect to Indebtedness) guarantees,
                                            keepwells and similar arrangements in the ordinary course of business, and (ii)&#8239;performance
                                            guarantees with respect to obligations incurred by any Loan Party or any Subsidiary that
                                            are permitted by this Agreement;</TD></TR></TABLE>

<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: 11%"></TD><TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">(xiv)</FONT></TD><TD STYLE="text-align: justify; width: 84%">[reserved];</TD></TR></TABLE>

<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: 11%"></TD><TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">(xv)</FONT></TD><TD STYLE="text-align: justify; width: 84%">Investments
                                            consisting of licensing of intellectual property pursuant to joint marketing arrangements
                                            with other Persons;</TD></TR></TABLE>

<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: 11%"></TD><TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">(xvi)</FONT></TD><TD STYLE="text-align: justify; width: 84%">[reserved];</TD></TR></TABLE>

<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: 11%"></TD><TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">(xvii)</FONT></TD><TD STYLE="text-align: justify; width: 84%">[reserved];</TD></TR></TABLE>

<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: 11%"></TD><TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">(xviii)</FONT></TD><TD STYLE="text-align: justify; width: 84%">[reserved];</TD></TR></TABLE>

<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: 11%"></TD><TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">(xix)</FONT></TD><TD STYLE="text-align: justify; width: 84%">any
                                            Investments in connection with a Tax Grouping Agreement;</TD></TR></TABLE>

<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: 11%"></TD><TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">(xx)</FONT></TD><TD STYLE="text-align: justify; width: 84%">any
                                            Investment arising out of, or in connection with, Cash Management Practices;</TD></TR></TABLE>

<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: 11%"></TD><TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">(xxi)</FONT></TD><TD STYLE="text-align: justify; width: 84%">any
                                            Investment by Aristech and Altuglas in (x)&#8239;a Securitization Subsidiary or (y)&#8239;any
                                            other Person in connection with a Permitted Securitization, including Investments of funds
                                            held in accounts permitted or required by the arrangement governing such Permitted Securitization
                                            or any related Indebtedness; provided that such Investment is in the form of a purchase money
                                            obligation, contribution of additional Securitization Assets or equity interests;</TD></TR></TABLE>

<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: 11%"></TD><TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">(xxii)</FONT></TD><TD STYLE="text-align: justify; width: 84%">advances,
                                            loans or extensions of trade credit in the ordinary course of business by Aristech and Altuglas
                                            and Investments consisting of extensions of credit in the nature of accounts receivable or
                                            notes arising from the grant of trade credit in the ordinary course of business;</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" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 11%"></TD><TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">(xxiii)&nbsp;&nbsp;</FONT></TD><TD STYLE="text-align: justify; width: 84%">Investments
                                            in the ordinary course of business consisting of Uniform Commercial Code Article&#8239;3 endorsements
                                            for collection or deposit and Article&#8239;4 customary trade arrangements with customers
                                            consistent with industry practice;</TD></TR></TABLE>

<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: 11%"></TD><TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">(xxiv)&nbsp;&nbsp;</FONT></TD><TD STYLE="text-align: justify; width: 84%">any
                                            Investment in securities or other assets not constituting Cash Equivalents and received in
                                            connection with a Disposition made under Section&#8239;7.05 or any other disposition of assets
                                            not constituting a Disposition;</TD></TR></TABLE>

<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: 11%"></TD><TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">(xxv)&nbsp;&nbsp;</FONT></TD><TD STYLE="text-align: justify; width: 84%">Investments
                                            in prepaid expenses, negotiable instruments held for collection and lease, utility and workers
                                            compensation, performance and similar deposits entered into as a result of the operations
                                            of the business in the ordinary course of business; and</TD></TR></TABLE>

<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: 11%"></TD><TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">(xxvi)&nbsp;&nbsp;</FONT></TD><TD STYLE="text-align: justify; width: 84%">Investments
                                            made in the ordinary course of business in connection with obtaining, maintaining or renewing
                                            client contracts and loans or advances made to distributors in the ordinary course of business.</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: justify; text-indent: 0.5in">For purposes of determining
whether an Investment is a Permitted Investment or is otherwise a Restricted Investment permitted to be made pursuant to Section&#8239;7.06,
in the event that an Investment (or any portion thereof) at any time, whether at the time of making of such Investment or upon or subsequently,
meets the criteria of more than one of the categories of Permitted Investments described in clauses (a)&#8239;through (hh) above or any
other provision of Section&#8239;7.06, the Lead Borrower, in its sole discretion, will classify and may subsequently reclassify such Investment
(or any portion thereof) in any one or more of the types of Investments described in clauses (a)&#8239;through (hh) above or any other
applicable clause in Section&#8239;7.06 and will only be required to include the amount and type of such Investment in such of the above
clauses or clauses in Section&#8239;7.06 as determined by the Lead Borrower at such 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-align: justify; text-indent: 0.5in">&ldquo;<U>Permitted Refinancing</U>&rdquo;
means, with respect to any Person, any modification, refinancing, refunding, renewal, replacement or extension of any Indebtedness of
such Person; <U>provided</U> that (a)&#8239;the principal amount (or accreted value, if applicable) thereof does not exceed the principal
amount (or accreted value, if applicable) of the Indebtedness so modified, refinanced, refunded, renewed, replaced or extended except
by an amount equal to unpaid accrued interest and premium thereon plus other amounts owing or paid related to such Indebtedness, plus
fees and expenses reasonably incurred, in connection with such modification, refinancing, refunding, renewal, replacement or extension
and by an amount equal to any existing commitments unutilized thereunder which could have been drawn prior to such refinancing, (b)&#8239;other
than with respect to a Permitted Refinancing in respect of Indebtedness permitted pursuant to <U>Section&#8239;7.03(j)(v)</U>, such modification,
refinancing, refunding, renewal, replacement or extension has a final maturity date equal to or later than the final maturity date of,
and has a Weighted Average Life to Maturity equal to or greater than the Weighted Average Life to Maturity of, the Indebtedness being
modified, refinanced, refunded, renewed, replaced or extended, (c)&#8239;other than with respect to a Permitted Refinancing in respect
of Indebtedness permitted pursuant to <U>Section&#8239;7.03(j)(v)</U>, at the time thereof, no Event of Default shall have occurred and
be continuing, (d)&#8239;if such Indebtedness being modified, refinanced, refunded, renewed, replaced or extended is Junior Financing,
to the extent such Indebtedness being modified, refinanced, refunded, renewed, replaced or extended is subordinated in right of payment
to the Obligations, such modification, refinancing, refunding, renewal, replacement or extension is subordinated in right of payment
to the Obligations on terms at least as favorable to the Lenders as those contained in the documentation governing the Indebtedness being
modified, refinanced, refunded, renewed, replaced or extended, (e)&#8239;to the extent such Indebtedness being modified, refinanced, refunded,
renewed, replaced or extended is secured by the Collateral and/or subject to intercreditor arrangements for the benefits of the Lenders,
such modification, refinancing, refunding, renewal, replacement or extension is either (1)&#8239;unsecured or (2)&#8239;secured and, if
secured, subject to intercreditor arrangements on terms at least as favorable (including with respect to priority) to the Lenders as
those contained in the documentation governing the Indebtedness being modified, refinanced, refunded, renewed, replaced or extended,
and such modification refinancing, refunding, renewal, replacement or extension is incurred only by one or more Persons who is an obligor
of the Indebtedness being modified, refinanced, refunded, renewed, replaced or extended, (f)&#8239;any such modification, refinancing,
renewal, replacement, or extension has the same primary obligor and the same (or fewer) guarantors as the Indebtedness being modified,
refinanced, refunded, renewed, replaced or extended and (g)&#8239;if such Indebtedness being modified, refinanced, refunded, renewed,
replaced or extended is unsecured, such modification, refinancing, refunding, renewal, replacement or extension is unsecured. Any reference
to a Permitted Refinancing in this Agreement or any other Loan Document shall be interpreted to mean (a)&#8239;a Permitted Refinancing
of the subject Indebtedness and (b)&#8239;any further refinancings constituting a Permitted Refinancing of the Indebtedness resulting
from a prior Permitted Refinancing.</P>

<P STYLE="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">&ldquo;<U>Permitted Securitization</U>&rdquo;
has the meaning given to such term in the OpCo DIP 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">&ldquo;<U>Permitted Variance</U>&rdquo;
means 17.5%.</P>

<P STYLE="font: 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">&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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Plan</U>&rdquo;
means any &ldquo;employee benefit plan&rdquo; (as such term is defined in Section&#8239;3(3)&#8239;of ERISA) established by any Loan Party
or Subsidiary or, with respect to any such plan that is subject to Section&#8239;412 of the Code or Title IV of ERISA, any ERISA Affiliate,
and such plan for the five-year period immediately following the latest date on which any Loan Party or an ERISA Affiliate maintained,
contributed to or had an obligation to or have had an obligation to contribute to, or otherwise to have liability with respect to such
plan.</P>

<P STYLE="font: 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">&ldquo;<U>Pledge and Security
Agreement</U>&rdquo; means the Pledge and Security Agreement, dated as of the Closing Date, by and among the Closing Date Loan Parties,
the other Loan Parties from time to time party thereto and the Collateral Agent, as amended, amended and restated, supplemented or modified
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-align: justify; text-indent: 0.5in">&ldquo;<U>Prepetition OpCo
Credit Agreement</U>&rdquo; means that certain Credit Agreement, dated as of September&#8239;6, 2017 (and as amended, supplemented and/or
otherwise modified from time to time in accordance with the terms thereof), among the OpCo Borrowers, OpCo Holdings, the other OpCo Loan
Parties from time to time party thereto, Deutsche Bank AG New York Branch, as administrative agent and collateral agent, and the lenders
and other agents from time to time party 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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    <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: justify; text-indent: 0.5in">&ldquo;<U>Prepetition OpCo
Revolving Loan Documents</U>&rdquo; means the &ldquo;Loan Documents&rdquo; as defined in the Prepetition Super-Priority Revolving 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">&ldquo;<U>Prepetition OpCo
Revolving Loan Secured Parties</U>&rdquo; means the &ldquo;Secured Parties&rdquo; under and as defined in the Prepetition Super-Priority
Revolving 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">&ldquo;<U>Prepetition OpCo
Term Loan Documents</U>&rdquo; means the &ldquo;Loan Documents&rdquo; as defined in the Prepetition OpCo 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">&ldquo;<U>Prepetition OpCo
Term Loan Secured Parties</U>&rdquo; means the &ldquo;Secured Parties&rdquo; under and as defined in the Prepetition OpCo 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">&ldquo;<U>Prepetition Second
Lien Collateral Documents</U>&rdquo; has the meaning given to the term &ldquo;Collateral Documents&rdquo; in the Prepetition Second Lien
Notes Indenture.</P>

<P STYLE="font: 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">&ldquo;<U>Prepetition Second
Lien Collateral Trustee</U>&rdquo; means Alter Domus (US) LLC, as collateral trustee under the Prepetition Second Lien Notes Indenture.</P>

<P STYLE="font: 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">&ldquo;<U>Prepetition Second
Lien Intercreditor Agreement</U>&rdquo; means that certain Intercreditor Agreement, dated as of January&#8239;17, 2025, by and among the
Alter Domus (US) LLC as collateral agent under the Prepetition Super Holdco Credit Agreement, the Prepetition Second Lien Collateral
Trustee and the Prepetition Second Lien Trustee, as may be amended, restated, amended and restated, supplemented or otherwise modified
in accordance with the terms 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-align: justify; text-indent: 0.5in">&ldquo;<U>Prepetition Second
Lien Notes</U>&rdquo; means secured notes due May&#8239;3, 2029, issued pursuant to the Prepetition Second Lien Notes Indenture in the
aggregate original principal amount of $379,494,400.</P>

<P STYLE="font: 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">&ldquo;<U>Prepetition Second
Lien Notes Documents</U>&rdquo; means the Prepetition Second Lien Notes Indenture and all other Note Documents (as defined therein),
each as may be amended, modified, supplemented, replaced or refinanced to the extent not prohibited 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-align: justify; text-indent: 0.5in">&ldquo;<U>Prepetition Second
Lien Notes Indenture</U>&rdquo; means the Indenture, dated as of the January&#8239;17, 2025, by and among the Lead Borrower, the guarantors
party thereto and the Prepetition Second Lien Trustee, in respect of the Prepetition Second Lien Notes, as may be amended, modified,
supplemented, replaced or refinanced to the extent not prohibited by this Agreement and the Prepetition Second Lien 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: justify; text-indent: 0.5in">&ldquo;<U>Prepetition Second
Lien Notes Obligations</U>&rdquo; means the &ldquo;Obligations&rdquo; or any other similar term under and as defined in the Prepetition
Second Lien Notes Indenture.</P>

<P STYLE="font: 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">&ldquo;<U>Prepetition Second
Lien Notes Secured Parties</U>&rdquo; means the &ldquo;Holders&rdquo; or any other similar term under and as defined in the Prepetition
Second Lien Notes Indenture, the Prepetition Second Lien Collateral Trustee and the Prepetition Collateral Trustee.</P>

<P STYLE="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: justify; text-indent: 0.5in">&ldquo;<U>Prepetition Second
Lien Trustee</U>&rdquo; means The Bank of New York Mellon, as trustee under the Prepetition Second Lien Notes Indenture.</P>

<P STYLE="font: 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">&ldquo;<U>Prepetition SHC
Obligations</U>&rdquo; means the Prepetition Second Lien Notes Obligations and the Prepetition Super HoldCo 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-align: justify; text-indent: 0.5in">&ldquo;<U>Prepetition SHC
Secured Parties</U>&rdquo; means, collectively, the Prepetition Second Lien Notes Secured Parties and the Prepetition Super HoldCo 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-align: justify; text-indent: 0.5in">&ldquo;<U>Prepetition SHC
Loan Documents</U>&rdquo; means the &ldquo;Loan Documents&rdquo; or &ldquo;Notes Documents&rdquo; or any similar term as defined in each
of the Prepetition Second Lien Notes Indenture and the Prepetition Super HoldCo 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">&ldquo;<U>Prepetition Super
Holdco Credit Agreement</U>&rdquo; means that certain credit agreement, dated as of September&#8239;8, 2023, by and among Parent, the
Borrowers, Alter Domus (US) LLC, as Administrative Agent and Collateral Agent, the guarantors from time to time party thereto and the
lenders and other agents from time to time party 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-align: justify; text-indent: 0.5in">&ldquo;<U>Prepetition Super
HoldCo Secured Obligations</U>&rdquo; means the &ldquo;Obligations&rdquo; or any other similar term under and as defined in the Prepetition
Super HoldCo 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">&ldquo;<U>Prepetition Super
HoldCo Secured Parties</U>&rdquo; means the &ldquo;Secured Parties&rdquo; under and as defined in the Prepetition Super Holdco 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">&ldquo;<U>Prepetition Super
HoldCo Lenders</U>&rdquo; means the &ldquo;Lenders&rdquo; under and as defined in the Prepetition Super Holdco 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">&ldquo;<U>Prepetition Super
HoldCo Loan Documents</U>&rdquo; means &ldquo;Loan Documents&rdquo; as defined in the Prepetition Super HoldCo 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">&ldquo;<U>Prepetition Super
HoldCo Term Loans</U>&rdquo; means the &ldquo;Term Loans&rdquo; or any other similar term under and as defined in the Prepetition Super
HoldCo 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">&ldquo;<U>Prepetition Super-Priority
Revolving Credit Agreement</U>&rdquo; means that certain credit agreement, dated as of January&#8239;17, 2025, by and among Holdings,
the Borrowers, Deutsche Bank AG New York Branch, as Administrative Agent and Collateral Agent, the guarantors from time to time party
thereto and the lenders and other agents from time to time party 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-align: justify; text-indent: 0.5in">&ldquo;<U>Prime Rate</U>&rdquo;
means the rate of interest per annum 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 FRB 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 FRB (as determined
by the Administrative Agent). Any change in the Prime Rate shall take effect at the opening of business on the day such change is publicly
announced or quoted as being effective.</P>

<P STYLE="font: 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">&ldquo;<U>Prior Liens</U>&rdquo;
means any valid Liens that are (1)&#8239;in existence on the Petition Date, (2)&#8239;are either perfected as of the Petition Date or perfected
subsequent to the Petition Date under Section&#8239;546(b)&#8239;of the Bankruptcy Code, and (3)&#8239;senior in priority to the Liens securing
the Prepetition Super HoldCo Secured Obligations and the Liens securing the Prepetition Second Lien Notes Obligations, 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">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Professional Fee
Variance</U>&rdquo; has the meaning set forth in Section&#8239;6.22(iii).</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><U>Professional
Fee Variance Report</U>&rdquo; has the meaning set forth in <U>Section&#8239;6.22(iii)</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: justify; text-indent: 0.5in">&ldquo;<U>Pro Rata Share</U>&rdquo;
means, with respect to each Lender at any time a fraction (expressed as a percentage, carried out to the ninth decimal place), the numerator
of which is the amount of the outstanding Commitments and Term Loans of such Lender at such time and the denominator of which is the
amount of the outstanding Aggregate Commitments and Term Loans of all Lenders at such 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-align: justify; text-indent: 0.5in">&ldquo;<U>Projections</U>&rdquo;
has the meaning set forth in <U>Section&#8239;6.01(c)</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: justify; text-indent: 0.5in">&ldquo;<U>PTE</U>&rdquo;
means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time
to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Qualified Equity
Interests</U>&rdquo; means any Equity Interests that are not Disqualified 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Quarterly Financial
Statements</U>&rdquo; means unaudited consolidated balance sheets and related consolidated statements of comprehensive income and cash
flows of Americas Styrenics for the most recent fiscal quarters (other than the fourth fiscal quarter) after the date of the applicable
Annual Financial Statements and ended at least forty-five (45) days prior to the Closing 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: 0.5in">&ldquo;<U>R.C.S. Luxembourg</U>&rdquo;
means the Luxembourg Register of Commerce and Companies (<I>Registre de Commerce et des Soci&eacute;t&eacute;s, Luxembourg</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-align: justify; text-indent: 0.5in">&ldquo;<U>Real Property</U>&rdquo;
means, collectively, all right, title and interest (including any leasehold, mineral or other estate) in and to any and all parcels of
or interests in real property owned or leased by any Person, whether by lease, license or other means, together with, in each case, all
easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, all general intangibles
and contract rights and other property and rights incidental to the ownership, lease or operation 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-align: justify; text-indent: 0.5in">&ldquo;<U>Receipts Variance</U>&rdquo;
has the meaning set forth in <U>Section&#8239;6.22(ii)</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: justify; text-indent: 0.5in">&ldquo;<U>Recipient</U>&rdquo;
means any Lender or 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">&ldquo;<U>Register</U>&rdquo;
has the meaning set forth in <U>Section&#8239;10.07(d)</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: justify; text-indent: 0.5in">&ldquo;<U>Release</U>&rdquo;
means any spilling, leaking, seepage, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching, dumping, disposing,
depositing, dispersing or migrating in, into, onto or through the Environment or from or through any facility, property or equipment.</P>

<P STYLE="font: 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">&ldquo;<U>Remedies Notice
Period</U>&rdquo; has the meaning set forth in <U>Section&#8239;8.02.</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"></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">&ldquo;<U>Reportable Event</U>&rdquo;
means any reportable event, as defined in Section&#8239;4043 of ERISA, with respect to a Pension Plan, other than events for which the
notice period is waived under applicable regulations 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Required Lenders</U>&rdquo;
shall mean, as of any date of determination, Lenders having (a)&#8239;Term Loans outstanding and (b)&#8239;New Money Commitments, that
taken together, represent more than 50% of the sum of the (x)&#8239;Total Outstandings and (x)&#8239;Aggregate Commitments at such time.
The Term Loans and New Money Commitments of any Defaulting Lender shall be disregarded in determining Required Lenders at any time. Any
Roll-Up Term Loans of any Lender who has not signed the Credit Agreement as of any date of determination of Required Lenders shall be
disregarded in the determination of Required Lenders; <U>provided</U>, that Required Lenders shall include each Designated Lender for
so long as such Designated Lender (together with its managed funds and accounts) holds at least 75% of the New Money Commitments and
New Money Term Loans, measured on a collective basis, that were held by such Designated Lender (together with its managed funds and accounts)
as of the Closing Date (calculated without giving effect to any prepayment of the New Money Term 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-align: justify; text-indent: 0.5in">&ldquo;<U>Responsible Officer</U>&rdquo;
means the chief executive officer, chief restructuring officer, president, vice president, chief financial officer, treasurer or assistant
treasurer or other similar officer or a manager (<I>g&eacute;rant</I>) or a director (<I>adminstrateur</I>) of a Loan Party and, as to
any document delivered on the Closing Date, any secretary, authorized signatory or assistant secretary of such Loan Party. Any document
delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by
all necessary corporate, partnership and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively
presumed to have acted on behalf of such Loan Party.</P>

<P STYLE="font: 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">&ldquo;<U>Restricted Investment</U>&rdquo;
means an Investment other than a Permitted 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Restricted Obligations</U>&rdquo;
has the meaning set forth in <U>Section&#8239;11.09(a)</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: justify; text-indent: 0.5in">&ldquo;<U>Restricted Payment</U>&rdquo;
means (i)&#8239;any dividend or other distribution (whether in cash, securities or other property) with respect to any Equity Interest
of any Loan Party, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on
account of the purchase, redemption, retirement, defeasance, acquisition, cancellation or termination of any such Equity Interest, or
on account of any return of capital to a Loan Party&rsquo;s stockholders, partners or members (or the equivalent Persons thereof) and
(ii)&#8239;any Restricted 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Restricted Subsidiary</U>&rdquo;
has the meaning assigned to such term in each of the Prepetition OpCo Credit Agreement and the Prepetition Super-Priority Revolving Credit
Agreement, 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-align: justify; text-indent: 0.5in">&ldquo;<U>Restructuring Support
Agreement</U>&rdquo; means that certain Restructuring Support Agreement, dated as of May&#8239;13, 2026, by and among the parties thereto,
together with all annexes, exhibits, schedules, and attachments thereto and, as amended, restated, supplemented, or otherwise modified
from time to time in accordance with the terms 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-align: justify; text-indent: 0.5in">&ldquo;<U>Roll-Up</U>&rdquo;
shall mean the &ldquo;roll up&rdquo; of Prepetition Super HoldCo Secured Obligations into Roll-Up Term Loans pursuant to the terms of
this Agreement and the DIP Orders.</P>

<P STYLE="font: 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">&ldquo;<U>Roll-Up Term Loans</U>&rdquo;
shall have the meaning assigned to such term in <U>Section&#8239;2.01(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; text-align: justify; text-indent: 0.5in">&ldquo;<U>S&amp;P</U>&rdquo;
means Standard&#8239;&amp; Poor&rsquo;s Ratings Services, a division of The McGraw-Hill Companies,&#8239;Inc., and any successor 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-align: justify; text-indent: 0.5in">&ldquo;<U>Same Day Funds</U>&rdquo;
means immediately available funds.</P>

<P STYLE="font: 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">&ldquo;<U>Sanctioned Country</U>&rdquo;
means, at any time, a country, region or territory which is the subject or target of any Sanctions.</P>

<P STYLE="font: 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">&ldquo;<U>Sanctioned Person</U>&rdquo;
means, at any time, (a)&#8239;any Person listed in any Sanctions-related list of designated Persons maintained by OFAC, the U.S. Department
of State, the European Union, or His Majesty&rsquo;s Treasury of the United Kingdom or the Swiss State Secretariat for Economic Affairs
SECO or the Swiss Directorate of International Law, (b)&#8239;any Person organized or ordinarily resident in a Sanctioned Country or (c)&#8239;any
Person controlled (as determined by applicable law) by any Person or Persons described in the foregoing clause (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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Sanctions</U>&rdquo;
has the meaning set forth in <U>Section&#8239;5.22(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; text-align: justify; text-indent: 0.5in">&ldquo;<U>SEC</U>&rdquo;
means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal functions.</P>

<P STYLE="font: 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">&ldquo;<U>Secured Parties</U>&rdquo;
means, collectively, the Administrative Agent, the Collateral Agent, the Lenders, the Supplemental Agents and each co-agent or sub-agent
appointed by the Administrative Agent or Collateral Agent from time to time pursuant to <U>Section&#8239;9.02</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: justify; text-indent: 0.5in">&ldquo;<U>Securities Act</U>&rdquo;
means the Securities Act of 1933, as amended.</P>

<P STYLE="font: 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">&ldquo;<U>Securitization
Assets</U>&rdquo; has the meaning given to such term in the OpCo DIP 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">&ldquo;<U>Securitization
Subsidiary</U>&rdquo; has the meaning given to such term in the OpCo DIP 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"><FONT STYLE="font-size: 10pt">&ldquo;<U>SHC
Debtors</U>&rdquo; means each of Parent, Holdings, the Lead Borrower, the Co-Borrower, Aristech and Altuglas, as set forth </FONT>under
the heading &ldquo;SHC Debtors&rdquo; on Schedule 1.01D.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">&ldquo;<U>SOFR</U>&rdquo;
</FONT>means a rate equal to the secured overnight financing rate as administered by the SOFR Administrator.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<U>SOFR
Administrator</U>&rdquo; </FONT>means the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing
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-align: justify; text-indent: 0.5in">&ldquo;<U>SOFR Borrowing</U>&rdquo;
means, as to any Borrowing, the SOFR Loans comprising such 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-align: justify; text-indent: 0.5in">&ldquo;<U>SOFR Loan</U>&rdquo;
means a Term Loan that bears interest at a rate based on Term SOFR, other than pursuant to clause (c)&#8239;of the definition of &ldquo;Base
Rate&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: 0.5in">&ldquo;<U>SPC</U>&rdquo;
has the meaning specified in <U>Section&#8239;10.07(j)</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: justify; text-indent: 0.5in">&ldquo;<U>Specified IP</U>&rdquo;
means, collectively, (a)&#8239;the Specified IP Rights and (b)&#8239;the Specified IP License Agreements.</P>

<P STYLE="font: 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">&ldquo;<U>Specified IP License
Agreements</U>&rdquo; means the Amended and Restated Technology License Agreement, dated January&#8239;1, 2022, entered into between Trinseo
Europe, as licensor, and Altuglas, as licensee, with respect to the use of IP Rights that are necessary to operate the businesses of
Altuglas (&ldquo;<U>Altuglas IP License Agreement</U>&rdquo;), and the Technology License Agreement, dated September&#8239;1, 2021, entered
into between Trinseo Europe, as licensor, and Aristech, as licensee, with respect to the use of IP Rights that are necessary to operate
the businesses of Aristech (&ldquo;<U>Aristech IP License 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: 0.5in">&ldquo;<U>Specified IP Rights</U>&rdquo;
means all IP Rights in North America owned or Controlled by Trinseo Europe that are necessary to operate the businesses of Aristech and
Altuglas, respectively, as currently conducted, provided that the Specified IP Rights shall not include (i)&#8239;any Trinseo Marks (except
any rights to use the Trinseo Marks that are licensed to Aristech or Altuglas pursuant to the Specified IP License Agreements or the
Amended and Restated Specified IP License Agreements); or (ii)&#8239;any intent-to-use trademark applications prior to the filing of a
 &ldquo;Statement of Use&rdquo; or an &ldquo;Amendment to Allege Use&rdquo; with respect thereto, only to the extent, if any, that, and
solely during the period, if any, in which, the grant of a security interest therein would impair the validity or enforceability of such
intent-to-use trademark application or any registration issuing therefrom under applicable law. For the purposes of this definition,
 &ldquo;Controlled&rdquo; means, with respect to any IP Rights, the right to grant a license or sublicense, as applicable, without (i)&#8239;
violating the terms of any agreement or other arrangement with any other Person; (ii)&#8239;requiring any consent, approvals or waivers
from any other Person; (iii)&#8239;requiring the payment of material compensation to any other Person, or resulting in the acceleration
of payments to any other Person or diminishment of any royalties payable to Trinseo Europe; or (iv)&#8239;incurring any additional material
obligation under any agreement or other arrangement with any other 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Specified Subsidiary</U>&rdquo;
means a newly formed wholly-owned Subsidiary of the Co-Borrower, which shall hold no property or assets, other than the JV Interests;
<U>provided</U>, that such Subsidiary shall not incur or guarantee any Indebtedness or suffer to exist any Liens (it being understood
that failure to comply with this proviso shall constitute an Event of Default).&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: 0.5in">&ldquo;<U>Stay Relief Motion</U>&rdquo;
has the meaning set forth in <U>Section&#8239;8.02</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: justify; text-indent: 0.5in">&ldquo;<U>Subsidiary</U>&rdquo;
of a Person means a corporation, partnership, joint venture, limited liability company or other business entity of which (i)&#8239;a majority
of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other
than securities or interests having such power only by reason of the happening of a contingency) are at the time beneficially owned,
(ii)&#8239;more than half of the issued share capital is at the time beneficially owned or (iii)&#8239;the management of which is otherwise
controlled, directly or indirectly, through one or more intermediaries, or both, 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"></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">&ldquo;<U>Supplemental Agent</U>&rdquo;
has the meaning specified in <U>Section&#8239;9.13(a)</U>&#8239;and &ldquo;Supplemental Agents&rdquo; shall have the corresponding 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Supplier</U>&rdquo;
has the meaning set forth in <U>Section&#8239;3.01(i)</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: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><U>Swiss
Federal Tax Administration</U>&rdquo; means the tax authorities referred to in article 34 of the Federal Act on Anticipatory Tax of 13
October&#8239;1965 (<I>Bundesgesetz &uuml;ber die Verrechnungssteuer</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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Swiss
Guarantor</U>&rdquo; means a Guarantor incorporated in Switzerland </FONT>and/or a provider of a security interest under a Collateral
Document incorporated in Switzerland.</P>

<P STYLE="font: 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">&ldquo;<U>Swiss Security</U>&rdquo;
means any Lien created under a Collateral Document which is governed by Swiss 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: 0.5in">&ldquo;<U>Swiss Withholding
Tax</U>&rdquo; means any withholding tax in accordance with the Federal Act on Anticipatory Tax of 13 October&#8239;1965 (<I>Bundesgesetz
 &uuml;ber die Verrechnungssteuer</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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Tax
Grouping Agreement</U>&rdquo;</FONT> means any tax group (including any German minimum tax group (Mindeststeuergruppe) and any other
similar group for purposes of any Minimum Tax), fiscal unity arising under relevant tax laws (including any German VAT fiscal unity (<I>Umsatzsteuerorganschaft</I>)),
any tax sharing or domination and/or profit and loss pooling or similar agreement, and any arrangements or transactions in order to satisfy
the obligations arising under any such agreement (including, for the avoidance of doubt, distributions for purposes of compensation accounting
losses in relation to a profit and loss pooling agreement and/or upstream loans to any parent entity to enable such parent to compensate
its subsidiary for losses incurred which may need to be compensated under any domination and/or profit and loss pooling agreement), in
each case exclusively between Holdings and/or 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; text-align: justify; text-indent: 0.5in">&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, addition to tax or penalties 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-align: justify; text-indent: 0.5in">&ldquo;<U>Term Borrowing</U>&rdquo;
means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of SOFR Loans, having the same Interest Period
made by each of the Lenders pursuant to <U>Section&#8239;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: justify; text-indent: 0.5in">&ldquo;<U>Term Loan</U>&rdquo;
shall mean, individually or collectively as the context requires, the New Money Term Loans and the Roll-Up Term 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-align: justify; text-indent: 0.5in">&ldquo;<U>Termination Notice</U>&rdquo;
has the meaning set forth in <U>Section&#8239;8.02</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: justify; text-indent: 0.5in">&ldquo;<U>Term Note</U>&rdquo;
means a promissory note of the Borrowers payable to any Lender or its registered assigns, in substantially the form of <U>Exhibit&#8239;B</U>
hereto, evidencing the aggregate Indebtedness of the Borrowers to such Lender resulting from the Term Loans made by 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"></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">&ldquo;<U>Term SOFR</U>&rdquo;
means:</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">for any calculation with respect to
                                            a SOFR Loan, the Term SOFR Reference Rate for a tenor comparable to the applicable Interest
                                            Period on the day (such day, the &ldquo;<U>Periodic Term SOFR Determination Day</U>&rdquo;)
                                            that is two (2)&#8239;U.S. Government Securities Business Days prior to the first day of such
                                            Interest Period, as such rate is published by the Term SOFR Administrator; <I>provided however</I>
                                            that if as of 5:00 p.m.&#8239;(New York City time) on any Periodic Term SOFR Determination
                                            Day the Term SOFR Reference Rate for the applicable tenor has not been published by the Term
                                            SOFR Administrator, then Term SOFR will be the Term SOFR Reference Rate for such tenor as
                                            published by the Term SOFR Administrator on the first preceding U.S. Government Securities
                                            Business Day for which such Term SOFR Reference Rate for such tenor was published by the
                                            Term SOFR Administrator so long as such first preceding U.S. Government Securities Business
                                            Day is not more than three (3)&#8239;U.S. Government Securities Business Days prior to such
                                            Periodic Term SOFR Determination Day, and</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">(2)</TD><TD STYLE="text-align: justify">for any calculation with respect to
                                            an Base Rate Loan on any day, the Term SOFR Reference Rate for a tenor of one month on the
                                            day (such day, the &ldquo;<U>Base Rate Term SOFR Determination Day</U>&rdquo;) that is two
                                            (2)&#8239;U.S. Government Securities Business Days prior to such day, as such rate is published
                                            by the Term SOFR Administrator; <I>provided</I> however that if as of 5:00 p.m.&#8239;(New
                                            York City time) on any Base Rate Term SOFR Determination Day the Term SOFR Reference Rate
                                            for the applicable tenor has not been published by the Term SOFR Administrator, then Term
                                            SOFR will be the Term SOFR Reference Rate for such tenor as published by the Term SOFR Administrator
                                            on the first preceding U.S. Government Securities Business Day for which such Term SOFR Reference
                                            Rate for such tenor was published by the Term SOFR Administrator so long as such first preceding
                                            U.S. Government Securities Business Day is not more than three (3)&#8239;U.S. Government Securities
                                            Business Days prior to such Base Rate Term SOFR Determination Day;</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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><I>provided</I></FONT>,
further, that if Term SOFR determined as provided above (including pursuant to the proviso under clause (1)&#8239;or clause (2)&#8239;above)
shall ever be less than the Floor, then Term SOFR shall be deemed to be the Floor.</P>

<P STYLE="font: 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">&ldquo;<U>Term SOFR Administrator</U>&rdquo;
means CME Group Benchmark Administration Limited as administrator of the Term SOFR Reference Rate (or a successor administrator of the
Term SOFR Reference Rate selected by the Administrative Agent in consultation with the Lead 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Term
SOFR Reference Rate</U><I>&rdquo;</I> means </FONT>the forward-looking term rate based on SOFR.</P>

<P STYLE="font: 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">&ldquo;<U>Threshold Amount</U>&rdquo;
means $10,000,000.</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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Total Outstandings</U>&rdquo;
means the aggregate Outstanding Amount of all Term 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-align: justify; text-indent: 0.5in">&ldquo;<U>Transaction Expenses</U>&rdquo;
means any fees or expenses incurred or paid by the Loan Parties in connection with the Transactions, this Agreement and the other Loan
Documents and the transactions contemplated hereby and thereby.</P>

<P STYLE="font: 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">&ldquo;<U>Transactions</U>&rdquo;
means, collectively, (a)&#8239;the execution and delivery of the applicable Loan Documents on the Closing Date, (b)&#8239;the funding of
the Term Loans and the use of proceeds thereof; (c)&#8239;the consummation of the Restructuring Transactions (as defined in the Restructuring
Support Agreement) and any and all other transactions contemplated by the Restructuring Support Agreement; (d)&#8239;the transactions
set forth in the Chapter 11 Plan and the transactions set forth in any Plan Supplement Document (as defined in the Chapter 11 Plan) and
(e)&#8239;the payment of Transaction Expenses.</P>

<P STYLE="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">&ldquo;<U>Trinseo Co-Borrower</U>&rdquo;
means Trinseo Materials Finance,&#8239;Inc., a Delaware corporation.</P>

<P STYLE="font: 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">&ldquo;<U>Trinseo Europe</U>&rdquo;
means Trinseo Europe GmbH, a Swiss limited liability company (<I>Gesellschaft mit beschr&#1235;nkter Haftung</I>) organized and existing
under the laws of Switzerland.</P>

<P STYLE="font: 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">&ldquo;<U>Trinseo Lead Borrower</U>&rdquo;
means Trinseo Holding S.&agrave; r.l., a private limited liability company (<I>soci&eacute;t&eacute; &agrave; responsabilit&eacute; limit&eacute;e</I>),
incorporated and existing under the laws of Luxembourg, having its registered office at 130, boulevard de la P&eacute;trusse, L-2330
Luxembourg, registered with the R.C.S. Luxembourg under number B153582.</P>

<P STYLE="font: 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">&ldquo;<U>Trinseo LuxCo</U>&rdquo;
means Trinseo Luxco S.&agrave; r.l., a private limited liability company (<I>soci&eacute;t&eacute; &agrave; responsabilit&eacute; limit&eacute;e</I>),
incorporated and existing under the laws of Luxembourg, having its registered office at 130, boulevard de la P&eacute;trusse, L-2330
Luxembourg, registered with the R.C.S. Luxembourg under number B153577.</P>

<P STYLE="font: 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">&ldquo;<U>Trinseo Loan Party</U>&rdquo;
means, each of Trinseo Lead Borrower, Trinseo Co-Borrower and each other &ldquo;Loan Party&rdquo; as such term is defined in the Prepetition
OpCo 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">&ldquo;<U>Trinseo Marks</U>&rdquo;
means the &ldquo;TRINSEO&rdquo; trademark, including any word mark, service mark, design, logo, branding, corporate name, or other source
or business identifiers related thereto, whether or not registered, and any derivation, variation, translation or adaptation thereof,
together with all applications, registrations, renewals and extensions thereof and all goodwill associated 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>Type</U>&rdquo;
means, with respect to a Term Loan, its character as a Base Rate Loan or a SOFR 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-align: justify; text-indent: 0.5in">&ldquo;<U>Unadjusted Benchmark
Replacement</U>&rdquo; means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.</P>

<P STYLE="font: 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">&ldquo;<U>Uniform Commercial
Code</U>&rdquo; or &ldquo;UCC&rdquo; means the Uniform Commercial Code as the same may from time to time be in effect in the State of
New York or the Uniform Commercial Code (or similar code or statute) of another jurisdiction, to the extent it may be required to apply
to any item or items of 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-align: justify; text-indent: 0.5in">&ldquo;<U>United States</U>&rdquo;
and &ldquo;<U>U.S.</U>&rdquo; mean the United States of America.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><U>Updated
Budget</U>&rdquo; has the meaning set forth in <U>Section&#8239;6.22(i)</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: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><U>Updated
Budget Deadline</U>&rdquo; has the meaning set forth in <U>Section&#8239;6.22(i)</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: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<U>U.S.
Government Securities Business Days</U>&rdquo;</FONT> means any day except for (a)&#8239;a Saturday, (b)&#8239;a Sunday or (c)&#8239;a day
on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed
for the entire day for purposes of trading in United States government securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#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: 0.5in">&ldquo;<U>U.S.&#8239;Security
Agreement For Foreign Guarantors</U>&rdquo; means that certain Security Agreement, dated as of Closing Date, by the Foreign Guarantors
party thereto in favor of the Collateral Agent, as amended, amended and restated, supplemented or modified from time to time in accordance
with the terms thereof 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; text-align: justify; text-indent: 0.5in">&ldquo;<U>USA Patriot Act</U>&rdquo;
means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001,
Public Law 107-56.</P>

<P STYLE="font: 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">&ldquo;<U>Variance Covenant
Test Date</U>&rdquo; means every other Variance Report Deadline, commencing with the second Variance Report Deadline to occur following
the Petition 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: 0.5in">&ldquo;<U>Variance Report</U>&rdquo;
has the meaning set forth in <U>Section&#8239;6.22(ii)</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: justify; text-indent: 0.5in">&ldquo;<U>Variance Report
Deadline</U>&rdquo; has the meaning set forth in <U>Section&#8239;6.22(ii)</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: justify; text-indent: 0.5in">&ldquo;<U>VAT</U>&rdquo;
means (a)&#8239;any tax imposed in compliance with the Council Directive of November&#8239;28, 2006 on the common system of value added
tax (EC Directive 2006/112) and (b)&#8239;any other tax of a similar nature, whether imposed in a member state of the European Union in
substitution for, or levied in addition to, such tax referred to in clause&#8239;(a)&#8239;above, or imposed elsewhere.</P>

<P STYLE="font: 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">&ldquo;<U>Weighted Average
Life to Maturity</U>&rdquo; means, when applied to any Indebtedness at any date, the number of years obtained by dividing: (i)&#8239;the
sum of the products obtained by multiplying (a)&#8239;the amount of each then remaining scheduled installment, sinking fund, serial maturity
or other required scheduled payments of principal, including payment at final scheduled maturity, in respect thereof, by (b)&#8239;the
number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment; by (ii)&#8239;the
then outstanding principal amount of such Indebtedness; <U>provided</U>, that the effects of any prepayments made on such Indebtedness
shall be disregarded in making such calculation.</P>

<P STYLE="font: 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">&ldquo;<U>wholly owned</U>&rdquo;
means, with respect to a Subsidiary of a Person, a Subsidiary of such Person all of the outstanding Equity Interests of which (other
than (x)&#8239;director&rsquo;s qualifying shares and (y)&#8239;shares issued to foreign nationals to the extent required by applicable
Law) are owned by such Person and/or by one or more wholly owned Subsidiaries of such Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Write-Down and
Conversion Powers</U>&rdquo; means, 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.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;1.02&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Luxembourg
Terms</B>. Luxembourg legal concepts expressed in English terms in this Agreement may not correspond to the original Luxembourgish, French
or German terms relating thereto. Without prejudice to the generality of any provision of this Agreement, in this Agreement where it
relates to a Luxembourg Loan Party, a reference 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>a
winding-up, administration or dissolution includes, without limitation, bankruptcy (<I>faillite</I>), insolvency, voluntary or judicial
liquidation (<I>liquidation volontaire ou judiciare</I>), administrative dissolution without liquidation (<I>dissolution administrative
sans liquidation</I>), moratorium or reprieve from payment (<I>sursis de paiement</I>), fraudulent conveyance (<I>actio pauliana</I>),
reorganisation by amicable agreement (<I>r&eacute;organisation par accord amiable</I>), judicial reorganisation (<I>r&eacute;organisation
judiciaire</I>), general settlement with creditors, reorganization or similar laws affecting the rights of creditors generally;</P>

<P STYLE="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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>a
receiver, administrative receiver, administrator, trustee, custodian, sequestrator, conservator or similar officer includes, without
limitation, a <I>juge d&eacute;l&eacute;gu&eacute;, commissaire, juge-commissaire, mandataire ad hoc, administrateur provisoire, liquidateur</I>,
<I>curateur</I>, <I>mandataire de justice</I> or <I>conciliateur</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 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>a
lien or security interest includes, without limitation, any <I>hypoth&egrave;que</I>, <I>nantissement</I>, <I>gage</I>, <I>privil&egrave;ge</I>,
transfert de propri&eacute;t&eacute; &agrave; titre de garantie, gage sur fonds de commerce, <I>droit de r&eacute;tention</I>, and any
type of security in rem (<I>s&ucirc;ret&eacute; r&eacute;elle</I>) or agreement or arrangement having a similar effect and any transfer
of title by way of security;</P>

<P STYLE="font: 10pt 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: 0.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>a
guarantee includes any <I>garantie </I>which is independent from the debt to which it relates, any professional payment guarantee (<I>garantie
professsionelle de paiement</I>) within the meaning of the Luxembourg law on professional payment guarantees dated 10 July&#8239;2020,
and any suretyship (<I>cautionnement</I>) within the meaning of Articles 2011 et seq. of the Luxembourg Civil 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>a
person being unable to pay its debts includes that person being in a state of cessation of payments (<I>cessation de paiements)</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 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Organization
Documents includes its up-to-date (restated) articles of association (<I>statuts coordonn&eacute;s</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 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(vii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>a
manager includes a <I>g&eacute;rant;</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 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(viii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>an
agent includes, without limitation, a <I>mandataire</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 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ix)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>creditors
process or attachment means an executory attachment (<I>saisie ex&eacute;cutoire</I>) or a conservatory attachment (<I>saisie conservatoire</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 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(x)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Equity
Interests includes <I>parts sociales</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 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(xi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>gross
negligence means <I>faute lourde</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 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(xii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>willful
misconduct means <I>dol</I> or <I>faute dolosive</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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(xiii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>commencing
negotiations with two or more of its creditors with a view to rescheduling any of its indebtedness includes any negotiations conducted
in order to reach an amicable agreement (<I>accord amiable</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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;1.03&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Reserved</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 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;1.04&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Other
Interpretive Provisions</B>. With reference to this Agreement and each other Loan Document, unless otherwise specified herein or in such
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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
meanings of defined terms are equally applicable to the singular and plural forms of the defined 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
words &ldquo;herein,&rdquo; &ldquo;hereto,&rdquo; &ldquo;hereof&rdquo; and &ldquo;hereunder&rdquo; and words of similar import when used
in any Loan Document shall refer to such Loan Document as a whole and not to any particular provision 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Article,
Section, Exhibit&#8239;and Schedule references are to the Loan Document in which such reference appears.</P>

<P STYLE="font: 10pt 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: 0.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
term &ldquo;including&rdquo; is by way of example and not 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
term &ldquo;documents&rdquo; includes any and all instruments, documents, agreements, certificates, notices, reports, financial statements
and other writings, however evidenced, whether in physical or electronic 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>In
the computation of periods of time from a specified date to a later specified date, the word &ldquo;from&rdquo; means &ldquo;from and
including&rdquo;; the words &ldquo;to&rdquo; and &ldquo;until&rdquo; each mean &ldquo;to but excluding&rdquo;; and the word &ldquo;through&rdquo;
means &ldquo;to and including.&rdquo;</P>

<P STYLE="font: 10pt 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: 0.5in"><FONT STYLE="font-size: 10pt">(vii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Section&#8239;headings
herein and in the other Loan Documents are included for convenience of reference only and shall not affect the interpretation of 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 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;1.05&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Accounting
Terms</B>. (a)&#8239;All accounting terms not specifically or completely defined herein shall be construed in conformity with, and all
financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall
be prepared in conformity with, GAAP, except as otherwise specifically prescribed herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Notwithstanding
any changes in GAAP after the Closing Date, any lease of the Loan Parties and their Subsidiaries that would be characterized as an operating
lease under GAAP in effect on December&#8239;31, 2018 (whether such lease is entered into before or after the Closing Date) shall not
constitute Indebtedness or Attributable Indebtedness under this Agreement or any other Loan Document as a result of such changes in 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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;1.06&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Rounding</B>.
Any financial ratios required to be maintained by the Lead Borrower pursuant to this Agreement (or required to be satisfied in order
for a specific action to be permitted under this Agreement) shall be calculated by dividing the appropriate component by the other component,
carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or
down to the nearest number (with a rounding up if there is no nearest number).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;1.07&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>References
to Agreements, Laws, Etc</B>. Unless otherwise expressly provided herein, (a)&#8239;references to Organization Documents, agreements (including
the Loan Documents) and other contractual instruments shall be deemed to include all subsequent amendments, restatements, extensions,
supplements and other modifications thereto, but only to the extent that such amendments, restatements, extensions, supplements and other
modifications are permitted by the Loan Documents; and (b)&#8239;references to any Law shall include all statutory and regulatory provisions
consolidating, amending, replacing, supplementing or interpreting such 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 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;1.08&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Times
of Day</B>. Unless otherwise specified, all references herein to times of day shall be references to United States Eastern time (daylight
or standard, 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 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;1.09&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Timing
of Payment of Performance</B>. When the payment of any obligation or the performance of any covenant, duty or obligation is stated to
be due or performance required on a day which is not a Business Day, the date of such payment (other than as described in the definition
of Interest Period) or performance shall extend to the immediately succeeding 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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;1.10&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Reserved</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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;1.11&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Currency
Equivalents</B>. For purposes of any computation determining compliance with any incurrence or expenditure tests set forth in <U>Article&#8239;VI</U>
and <U>Article&#8239;VII</U> or any definitions contained in <U>Section&#8239;1.01</U>, any amounts so incurred, expended or utilized (to
the extent incurred, expended or utilized in a currency other than Dollars) shall be converted into Dollars on the basis of the Exchange
Rate (or on such other basis as is reasonably satisfactory to the Required Lenders) as in effect on the date of such incurrence, expenditure
or utilization under any provision of any such Section&#8239;or definition that has an aggregate Dollar limitation provided for therein
(and to the extent the respective incurrence, expenditure or utilization test regulates the aggregate amount outstanding at any time
and it is expressed in terms of Dollars, all outstanding amounts originally incurred or spent in currencies other than Dollars shall
be converted into Dollars on the basis of the Exchange Rate (or on such other basis as is reasonably satisfactory to the Required Lenders)
as in effect on the date of any new incurrence, expenditure or utilization made under any provision of any such Section&#8239;that regulates
the Dollar amount outstanding 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 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;1.12&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Reserved</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in"><B>Section&#8239;1.13<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Reserved</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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;1.14&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Rates</B>.
The Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to, (a)&#8239;the
continuation of, administration of, submission of, calculation of or any other matter related to Base Rate, the Term SOFR Reference Rate,
or Term SOFR, or any component definition thereof or rates referred to in the definition thereof, or any alternative, successor or replacement
rate thereto (including any Benchmark Replacement), including whether the composition or characteristics of any such alternative, successor
or replacement rate (including any Benchmark Replacement) will be similar to, or produce the same value or economic equivalence of, or
have the same volume or liquidity as, Base Rate, the Term SOFR Reference Rate, Term SOFR or any other Benchmark prior to its discontinuance
or unavailability, or (b)&#8239;the effect, implementation or composition of any Conforming Changes. The Administrative Agent and its
affiliates or other related entities may engage in transactions that affect the calculation of Base Rate, the Term SOFR Reference Rate,
Term SOFR, any alternative, successor or replacement rate (including any Benchmark Replacement) or any relevant adjustments thereto,
in each case, in a manner adverse to the Borrower. The Administrative Agent may select information sources or services in its reasonable
discretion to ascertain Base Rate, the Term SOFR Reference Rate, Term SOFR or any other Benchmark, or any component definition thereof
or rates referred to in the definition thereof, in each case pursuant to the terms of this Agreement, and shall have no liability to
the Borrower, any Lender or any other person or entity for damages of any kind, including direct or indirect, special, punitive, incidental
or consequential damages, costs, losses or expenses (whether in tort, contract or otherwise and whether at law or in equity), for any
error or calculation of any such rate (or component thereof) provided by any such information source or service.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;1.15&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>German
Terms. </B>As used in this Agreement, where it relates to any German Loan Party and unless the context requires otherwise a reference
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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>a
 &ldquo;<B>person being unable to pay its debts</B>&rdquo; or &ldquo;<I>insolvent</I>&rdquo; includes that person being in a state of
Zahlungsunf&auml;higkeit under section 17 InsO or being over-indebted (<I>&uuml;berschuldet</I>) under section 19 InsO;</P>

<P STYLE="font: 10pt 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: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>a
 &ldquo;<B>liquidator</B>&rdquo;, &ldquo;<B>trustee in bankruptcy</B>&rdquo;, &ldquo;<B>administrative receiver</B>&rdquo;, &ldquo;compulsory
administrator&rdquo; or other similar officer includes an insolvency administrator (<I>Insolvenzverwalter</I>), interim insolvency administrator
(<I>vorl&auml;ufiger Insolvenzverwalter</I>) or custodian (<I>Sachwalter</I>) or interim custodian (<I>vorl&auml;ufiger Sachwalter</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 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>a
 &ldquo;<B>winding up</B>&rdquo;, &ldquo;<B>administration</B>&rdquo; or &ldquo;<B>dissolution</B>&rdquo; includes liquidation (<I>Liquidation</I>),
(preliminary) insolvency proceedings ((<I>vorl&auml;ufiges</I>) <I>Insolvenzverfahren</I>), an order for admissibility of the application
for the opening of insolvency proceedings (<I>Entscheidung &uuml;ber Zul&auml;ssigkeit des Insolvenzantrags</I>) or for rejection of
insolvency proceedings due to lack of funds (<I>Abweisungsbeschluss mangels Masse</I>) and including any action taken by the competent
court as set out in section 21 InsO;</P>

<P STYLE="font: 10pt 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: 0.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>a
step or procedure taken in connection with insolvency proceedings for a German entity includes it being subject to a filing for insolvency
(<I>Antrag auf Er&ouml;ffnung eines Insolvenzverfahrens</I>) for any of the reasons set out in sections 17 to 19 (inclusive) InsO, including,
for the avoidance of doubt, a filing for preliminary proceedings according to sections 270a and 270b InsO;</P>

<P STYLE="font: 10pt 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: 0.5in"><FONT STYLE="font-size: 10pt">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>a
 &ldquo;<B>moratorium</B>&rdquo; includes, without limitation, protective shield proceedings (<I>Schutzschirmverfahren</I>) and insolvency
plan proceedings (<I>Insolvenzplanverfahren</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 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
definition of &ldquo;Debtor Relief Laws&rdquo; includes the German Insolvency Code (<I>Insolvenzordnung</I>, &ldquo;<U>InsO</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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(vii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>a
 &ldquo;<B>director</B>&rdquo; or &ldquo;<B>manager</B>&rdquo; of a company includes any statutory legal representative(s)&#8239;(including
any German law (<I>organschaftlicher Vertreter</I>)) of a person pursuant to the laws of its jurisdiction of incorporation, including
with respect to a person incorporated or established in Germany, any managing director (<I>Gesch&auml;ftsf&uuml;hrer</I>) or member of
the board (<I>Vorstand</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"></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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(viii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>a
 &ldquo;<B>security interest</B>&rdquo;, &ldquo;<B>security</B>&rdquo; or &ldquo;<B>lien</B>&rdquo; includes a mortgage (<I>Hypothek</I>),
land charge (<I>Grundschuld</I>) including security purpose declarations, pledge (<I>Pfandrecht</I>), assignment or transfer for security
purposes (<I>Sicherungsabtretung oder -&uuml;bereignung</I>) and retention of title arrangements ((<I>verl&auml;ngerter/erweiterter</I>)
<I>Eigentumsvorbehalt</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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ix)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>a
 &ldquo;<B>guarantee</B>&rdquo; or &ldquo;<B>guaranty</B>&rdquo; includes any guarantee (<I>Garantie</I>), any indemnity, any joint and
several (<I>gesamtschuldnerisch</I>) or independent obligation (<I>unabh&auml;ngiges Schuldversprechen</I>) within the meaning of German
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 0pt 0.5in; text-align: justify">This Agreement is made in the English
language. For the avoidance of doubt, the English language version shall prevail over any translation of this Agreement. However, where
a German translation of a word or phrase appears in the text of this Agreement, the German meaning and the underlying German law legal
concept shall prevail.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;1.16&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Restricted
Lender/Loan Party.</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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>For
the avoidance of doubt and notwithstanding any other provision in any other Loan Document, the representations, general undertakings,
restrictions and any other existing or future provisions in this Agreement or any other Loan Document related to Sanctions (together,
the &ldquo;<U>Sanctions Provisions</U>&rdquo;) shall apply to each Loan Party only if, and to the extent that, the making of and/or compliance
with such representations, undertakings, restrictions and/or such provisions do not result in a violation, of or conflict with, the Council
Regulation (EC) No.&#8239;2271/96 of 22 November&#8239;1996 protecting against the effects of the extraterritorial application of legislation
adopted by a third country, and actions based thereon or resulting therefrom, section 7 of the German Foreign Trade Regulation (<I>Au&szlig;enwirtschaftsverordnung</I>
 &ndash; <I>AWV</I>) (in conjunction with section 4 and section 19 paragraph 3 no. 1 a) of the German Foreign Trade Act (<I>Au&szlig;enwirtschaftsgesetz</I>
 &ndash; <I>AWG</I>)) and/or any other applicable anti-boycott laws or regulations (together, the &ldquo;<U>Anti-Boycott Regulations</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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>In
relation to each Lender that notifies the Administrative Agent and the Lead Borrower to this effect (each a &ldquo;<U>Restricted Lender</U>&rdquo;),
the Sanctions Provisions shall only apply for the benefit of that Restricted Lender to the extent that it would not result in any violation
of, conflict with or liability under any Anti-Boycott Regulations.</P>

<P STYLE="font: 10pt 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: 0.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>In
connection with any amendment, waiver, determination or direction relating to any part of a Sanctions Provision of which a Restricted
Lender does not have the benefit pursuant to section&#8239;(ii)&#8239;above, the Commitments of that Restricted Lender will be excluded
for the purpose of determining whether any applicable consent threshold has been obtained or whether the determination or direction by
the applicable consent threshold required to make the relevant determination or direction has been 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"></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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;1.17&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Authorization.
</B>Each party to this Agreement granting an authorization or power of attorney to any other person (for the purpose of this section
Section&#8239;1.04, the &quot;<U>Authorized Person</U>&quot;) under this Agreement or any other Loan Document hereby releases, to the
extent legally possible, such other person from any restriction for self-dealing or double representation (including any such restrictions
arising under section 181 of the German Civil Code (<I>B&uuml;rgerliches Gesetzbuch</I> &ndash; <I>BGB</I>)) and the Authorized Person
may release, to the extent legally possible, any person that it sub-authorizes or grants a sub-power of attorney from the same restrictions.
Any party to this Agreement prevented by applicable law or its constitutional documents to grant the release from the restriction for
self-dealing or double representation (including any such restrictions arising under section 181 of the German Civil Code (<I>B&uuml;rgerliches
Gesetzbuch</I> &ndash; <I>BGB</I>)) shall notify the relevant Authorized Person without undue delay.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;1.18&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Cashless
Roll. </B>Subject to the Restructuring Support Agreement, the Term Loans may be satisfied and discharged on the Chapter 11 Plan Effective
Date (solely with respect to a Chapter 11 Plan) pursuant to a roll thereof and a &ldquo;cashless&rdquo; exchange into term loans under
a credit facility in accordance with the terms of the Restructuring Support Agreement (a &ldquo;<U>Maturity Roll</U>&rdquo;); provided
that the Maturity Roll shall only occur with the consent of Required Lenders.</P>

<P STYLE="font: 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="text-transform: uppercase"><B>Article&#8239;II</B></FONT></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"><FONT STYLE="text-transform: uppercase"><B>The
Commitments and Credit Extensions</B></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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;2.01&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Term
Loans</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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>New
Money Term Loans</U>. Subject to the terms and conditions hereof and the DIP Orders, the Lenders hereby severally, but not jointly, agree
to make term loans in Dollars (the &ldquo;<U>New Money Term Loans</U>&rdquo;) to the Borrower: (A)&#8239;on the Closing Date, in a single
borrowing in an aggregate principal amount requested by the Lead Borrower not to exceed $35,000,000 (the &ldquo;<U>Initial New Money
Term Loans</U>&rdquo;), and (B)&#8239;upon entry of the Final DIP Order, in a single borrowing in an aggregate principal amount requested
by the Lead Borrower not to exceed the unfunded New Money Commitments as of such date immediately prior to giving effect to such Borrowing
(the &ldquo;<U>Delayed Draw New Money Term Loans</U>&rdquo;); <U>provided</U> that Delayed Draw New Money Term Loans will initially be
of the same Type (and interest rate relating thereto) as the Initial New Money Term Loans outstanding immediately prior to the Borrowing
of such Delayed Draw New Money Term Loans (or, if there is more than one Type of Initial New Money Term Loan outstanding at such time
(or more than one outstanding Interest Period applicable to Initial New Money Term Loan at such time)), such Delayed Draw New Money Term
Loans will initially be of the same Type and will have the same Interest Period as the outstanding Initial New Money Term Loan designated
in the applicable Committed Loan Notice). The Delayed Draw New Money Term Loans (when funded) shall be added to and become part of the
New Money Term Loans (including the Initial New Money Term Loans), shall have the same terms as the New Money Term Loans and shall be
treated as a single Class&#8239;for all purposes as the New Money Term Loans (it being understood that nothing herein shall be construed
as a representation or covenant by any Loan Party as to whether the Delayed Draw New Money Term Loans will be fungible with the New Money
Term Loans (including the Initial New Money Term Loans) for U.S. federal income tax purposes), except that interest on the Delayed Draw
New Money Term Loans shall commence to accrue from the applicable Delayed Draw New Money Closing Date. In no event shall any Lender be
required to make Term Loans in excess of its New Money Commitments. Once repaid or prepaid, the New Money Term Loans may not be reborrowed.</P>

<P STYLE="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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Roll
Up Loans</U>. Subject to the terms and conditions of the DIP Orders, without any further action by any party to this Agreement or the
other Loan Documents, the Bankruptcy Court or any other Person:</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: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(i)</FONT></TD><TD STYLE="text-align: justify">Upon
                                            entry of the Interim DIP Order, outstanding Prepetition Super HoldCo Term Loans as of such
                                            date (including accrued and unpaid interest thereon) held by Prepetition Super HoldCo Secured
                                            Parties that are Lenders hereunder as of such date shall be automatically deemed &ldquo;rolled
                                            up&rdquo; and converted into a tranche of U.S. Dollar denominated term loans under this Agreement
                                            (the &ldquo;<U>Interim Roll-Up Term Loans</U>&rdquo;), on a cashless basis, in an amount
                                            equal to two Dollars of Interim Roll-Up Term Loans for every one Dollar of principal amount
                                            of New Money Commitments funded on such date, based upon each such Person&rsquo;s <I>pro
                                            rata</I> share of New Money Commitments, which Interim Roll-Up Term Loans shall be due and
                                            payable in accordance with the terms and conditions set forth in this Agreement as if originally
                                            funded hereunder on the Closing Date; provided that the aggregate principal amount of the
                                            Interim Roll-Up Term Loans shall not exceed $70,000,000;</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: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(ii)</FONT></TD><TD STYLE="text-align: justify">Upon
                                            entry of the Final DIP Order, outstanding Prepetition Super HoldCo Term Loans as of such
                                            date (including accrued and unpaid interest thereon) held by Prepetition Super HoldCo Secured
                                            Parties that are also Lenders hereunder as of such date (after giving effect to any conversion
                                            pursuant to <U>clause (i)</U>&#8239;above) shall be automatically deemed &ldquo;rolled up&rdquo;
                                            and converted into a tranche of U.S. Dollar denominated term loans under this Agreement (the
                                            &ldquo;<U>Final Roll-Up Term Loans</U>&rdquo; and, together with the Interim Roll-Up Term
                                            Loans, the &ldquo;<U>Roll-Up Term Loans</U>&rdquo;), on a cashless basis, in an amount equal
                                            to two Dollars of Final Roll-Up Term Loans for every one Dollar of principal amount of New
                                            Money Commitments funded on such date, based upon each such Person&rsquo;s <I>pro rata</I>
                                            share of the remaining New Money Commitments (after giving effect to any conversion pursuant
                                            to <U>clause (i)</U>&#8239;above), which Final Roll-Up Term Loans shall be due and payable
                                            in accordance with the terms and conditions set forth in this Agreement as if originally
                                            funded hereunder on the Closing Date; provided that the aggregate principal amount of the
                                            Final Roll-Up Term Loans shall not exceed (x)&#8239;$105,000,000, <I><U>less</U></I> (y)&#8239;the
                                            aggregate principal amount of Interim Roll-Up Term Loans incurred prior to the entry of the
                                            Final DIP Order; and</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: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(iii)</FONT></TD><TD STYLE="text-align: justify">from
                                            and after the Closing Date, the aggregate outstanding amount of the Prepetition Super HoldCo
                                            Term Loans (including accrued and unpaid interest thereon) held by each such Person shall
                                            be automatically and irrevocably deemed reduced by an amount equal to the outstanding amount
                                            of the Prepetition Super HoldCo Term Loans (including accrued and unpaid interest thereon)
                                            of such Person deemed converted into Roll-Up Term Loans pursuant to <U>clause (i)</U>&#8239;and/or
                                            <U>(ii)</U>&#8239;above.</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; text-align: justify">The Required Lenders shall provide to the Administrative
Agent the allocation of the Roll-Up Term Loans, which shall initially be deemed SOFR Loans. Once repaid, the Roll-Up Term Loans may not
be reborrowed.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;2.02&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B><U>Borrowings,
Conversions and Continuations of Loans</U></B>. (a)&#8239;Each Term Borrowing, each conversion of Term Loans from one Type to the other,
and each continuation of SOFR Loans shall be made upon the Lead Borrower&rsquo;s irrevocable notice to the Administrative Agent, which
must be given in writing or via electronic mail. Each such notice must be received by the Administrative Agent not later than 1:00 p.m.&#8239;(New
York, New York time) one day prior to the Closing Date, with respect to the Borrowings on the Closing Date, or one day prior to the Delayed
Draw New Money Closing Date, with respect to the Borrowings on the Delayed Draw New Money Closing Date, and with respect to any other
Borrowing, conversion or continuation, 1:00 p.m.&#8239;(New York, New York time) (i)&#8239;three (3)&#8239;Business Days prior to the requested
date of any Borrowing of, or conversion of Base Rate Loans to, SOFR Loans denominated in Dollars and (ii)&#8239;one (1)&#8239;Business
Day before the requested date of any Borrowing of, or conversion of SOFR Loans to, Base Rate Loans denominated in Dollars. Each notice
by the Lead Borrower pursuant to this Section&#8239;2.02(a)&#8239;must be a written Committed Loan Notice, appropriately completed and
signed by a Responsible Officer of the Lead Borrower and delivered to the Administrative Agent. Each Borrowing of, conversion to or continuation
of SOFR Loans shall be in a minimum Dollar Amount of $5,000,000 or a whole multiple of a Dollar Amount of $1,000,000 in excess thereof
(or, if less, the entire remaining amount of the Commitments in respect thereof with respect to any Borrowing, or the entire outstanding
principal amount thereof with respect to any conversion to or continuation). Each Borrowing of or conversion to Base Rate Loans shall
be in a minimum Dollar Amount of $1,000,000 or a whole multiple of a Dollar Amount of $500,000 in excess thereof (or, if less, the entire
remaining amount of the Commitments in respect thereof with respect to any Borrowing ,or the entire outstanding principal amount thereof
with respect to any conversion to or continuation). Each Committed Loan Notice shall specify (i)&#8239;whether the Borrowers are requesting
a Term Borrowing, a conversion of Term Loans from one Type to the other, or a continuation of SOFR Loans, (ii)&#8239;the requested date
of the Borrowing, conversion or continuation, as the case may be (which shall be a Business Day), (iii)&#8239;the principal amount of
Term Loans to be borrowed, converted or continued, (iv)&#8239;the Type of Loans to be borrowed or to which existing Term Loans are to
be converted, (v)&#8239;if applicable, the duration of the Interest Period with respect thereto, which may, at the election of the Lead
Borrower, be a Stub Period, and (vi)&#8239;the Borrower&rsquo;s wiring instructions. If with respect to SOFR Loans, the Lead Borrower
fails to specify a Type of Loan in a Committed Loan Notice or if the Lead Borrower fails to give a timely notice requesting a conversion
or continuation, then the applicable Class&#8239;of Term Loans shall be made as, or converted to, Base Rate Loans. Any such automatic
conversion pursuant to the immediately preceding sentence shall be effective as of the last day of the Interest Period then in effect
with respect to the applicable SOFR Loans. If the Lead Borrower requests a Borrowing of, conversion to, or continuation of SOFR Loans
in any such Committed Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of
one (1)&#8239;month.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Following
receipt of a Committed Loan Notice, the Administrative Agent shall promptly notify each Lender of the amount of its Pro Rata Share of
the applicable Class&#8239;of Loans, and if no timely notice of a conversion or continuation is provided by the Lead Borrower, the Administrative
Agent shall notify each Lender of the details of any automatic conversion to Base Rate Loans or continuation described in <U>Section&#8239;2.02(a)</U>.
In the case of each Borrowing, each Lender shall make the amount of its Term Loan available to the Administrative Agent in Dollars in
Same Day Funds at the Administrative Agent&rsquo;s Office not later than 12:00 p.m.&#8239;(New York, New York time) on the Business Day
specified in the applicable Committed Loan Notice. Upon receipt of all requested funds, the Administrative Agent shall make all funds
so received available to the Borrowers in like funds as received by the Administrative Agent by wire transfer of such funds, in each
case in accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by the Lead 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"></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"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>During
the existence of an Event of Default, at the election of the Administrative Agent or the Required Lenders, no Term Loans denominated
in Dollars may be requested as, converted to or continued as SOFR 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Administrative Agent shall promptly notify the Lead Borrower and the Lenders of the interest rate applicable to any Interest Period for
SOFR Loans upon determination of such interest rate. The determination of the Term SOFR by the Administrative Agent shall be conclusive
in the absence of manifest error. At any time that Base Rate Loans are outstanding, the Administrative Agent shall notify the Borrower
and the Lenders of any change in the &ldquo;Prime Rate&rdquo; used in determining the Base Rate promptly following the public announcement
of such change.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>After
giving effect to all Term Borrowings, all conversions of Term Loans from one Type to the other, and all continuations of Term Loans as
the same Type, there shall not be more than five (5)&#8239;Interest Periods 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
failure of any Lender to make the Terms Loans to be made by it as part of any Borrowing shall not relieve any other Lender of its obligation,
if any, hereunder to make its Term Loans on the date of such Borrowing, but no Lender shall be responsible for the failure of any other
Lender to make the Term Loan to be made by such other Lender on the date of any 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Each
Lender may, at its option, make any Term Loan available to any Borrower by causing any foreign or domestic branch or Affiliate of such
Lender to make such Term Loan; <I>provided</I> that any exercise of such option shall not affect the obligation of such Borrower to repay
such Term Loan in accordance with the terms of this Agreement, subject in each case to Sections 3.01 and 3.04 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 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;2.03&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Reserved.</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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;2.04&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Reserved.</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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;2.05&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Prepayments</B>.
(a)&#8239;(i)&#8239;The Borrowers may, upon written notice by the Lead Borrower to the Administrative Agent, at any time or from time to
time, voluntarily prepay at par, if any, any Class&#8239;or Classes of Term Loans; <U>provided</U>, that (1)&#8239;such notice must be
received by the Administrative Agent not later than (A)&#8239;1:00 p.m.&#8239;(New York, New York time) three (3)&#8239;Business Days prior
to any date of prepayment of SOFR Loans (unless otherwise agreed by the Administrative Agent (email from counsel being sufficient)) and
(B)&#8239;11:00 a.m.&#8239;(New York, New York time) one (1)&#8239;Business Day prior to the date of prepayment of Base Rate Loans; (2)&#8239;any
prepayment of SOFR Loans shall be in a principal Dollar Amount of $5,000,000, or a whole multiple of $1,000,000 in excess thereof; and
(3)&#8239;any prepayment of Base Rate Loans shall be in a minimum principal amount of $1,000,000 or a whole multiple of $500,000 in excess
thereof or, in each case, if less, the entire principal amount thereof then outstanding. Each such prepayment notice shall specify the
date and amount of such prepayment and the Class(es) and Type(s)&#8239;of Term Loans and the order of Borrowing(s)&#8239;to be prepaid.
The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender&rsquo;s
Pro Rata Share of such prepayment. If such notice is given by the Lead Borrower, the Borrowers shall make such prepayment and the payment
amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a SOFR Loan shall be accompanied
by all accrued interest thereon. In the case of each prepayment of Loans pursuant to this <U>Section&#8239;2.05(a)</U>, the Borrower may
in its sole discretion select the Borrowing or Borrowings to be repaid, and such payment shall be paid to the Lenders in accordance with
their respective Pro Rata Shares or other applicable share provided for 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"></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: 1.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Notwithstanding
anything to the contrary contained in this Agreement, the Lead Borrower may rescind any notice of prepayment under <U>Section&#8239;2.05(a)(i)</U>&#8239;if
such prepayment would have resulted from a refinancing of all outstanding Term Loans, which refinancing shall not be consummated or shall
otherwise be delayed.</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Each
prepayment pursuant to <U>Section&#8239;2.05(a)(i)</U>&#8239;shall be applied to one or more Classes of Term Loans as directed by the Lead
Borrower to the Administrative Agent by written notice at or prior to the time of such prepayment or, to the extent the Lead Borrower
has not provided such notice to the Administrative Agent by the time of such prepayment, ratably across each class of Term 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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Notwithstanding
anything to the contrary in this <U>Section&#8239;2.05</U>, the Lenders may reject in accordance with the procedures set forth <U>Section&#8239;2.05(b)(viii)</U>&#8239;any
voluntary prepayment made with the proceeds of an intercompany loan that is made by a Foreign Guarantor to the Lead Borrower in lieu
of a payment that is required to be made directly under the Foreign Guaranty, in each case, as a result of the sale of any assets of,
or the Equity Interests in, any Foreign Guarantor.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Mandatory</U>.
(i)&#8239;If after the Closing Date (x)&#8239;any Loan Party Disposes of any property or assets outside of the ordinary course of business
or pursuant to <U>Section&#8239;7.05(f)(xxi)</U>, (y)&#8239;Holdings or any Borrower issues any Equity Interests to any Person that is
not a Loan Party, or (z)&#8239;any Casualty Event occurs with respect to any property or assets of any Loan Party, then the Borrowers
shall cause to be prepaid on or prior to the date which is five (5)&#8239;Business Days after the date of the realization or receipt thereby
of such Net Proceeds an aggregate principal amount of Term Loans in an amount equal to 100% of all Net Proceeds realized or received
(minus the amount of interest due and owing thereon); <U>provided</U>, <U>however</U>, that with respect to any Net Proceeds received
or realized from any Casualty Event, the Borrowers shall not be required to prepay the Term Loans pursuant to this <U>Section&#8239;2.05(b)(i)</U>&#8239;with
such Net Proceeds to the extent that the Lead Borrower shall have delivered to the Administrative Agent written notice (email being sufficient)
on or prior to such prepayment date stating that such Net Proceeds (or a portion thereof) shall be reinvested in assets useful in the
business of the Loan Parties (or any of their respective Subsidiaries) within one hundred eighty (180) days following the receipt of
such Net Proceeds, and if at the end of such reinvestment period any such Net Proceeds have not been so reinvested, the Borrowers shall
cause to be prepaid on or prior to the date which is five (5)&#8239;Business Days after the expiration of such reinvestment period an
aggregate principal amount of Term Loans (minus the amount of interest due and owing thereon) in an amount equal to 100% of such Net
Proceeds that have not been so reinvested.</P>

<P STYLE="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: 1.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Indebtedness</U>.
If any Loan Party incurs or issues any Indebtedness (other than Indebtedness not prohibited under <U>Section&#8239;7.03</U>), the Borrowers
shall cause to be prepaid an aggregate principal amount of Term Loans in an amount equal to 100% of all Net Proceeds received therefrom
on or prior to the date which is one (1)&#8239;Business Day after such Net Proceeds are received by any Loan Party, together with all
accrued and unpaid interest thereon.</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(vii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Each
prepayment of Term Loans pursuant to this <U>Section&#8239;2.05(b)</U>&#8239;(A)&#8239;shall be applied ratably to each Class&#8239;of Term
Loans then outstanding, (B)&#8239;[reserved] and (C)&#8239;shall be paid to the Lenders in accordance with their respective Pro Rata Share
of each such Class&#8239;of Term Loans, subject to clause&#8239;<U>(viii)</U>&#8239;of this <U>Section&#8239;2.05(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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(viii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Lead Borrower shall notify the Administrative Agent in writing of any mandatory prepayment of Term Loans required to be made pursuant
to (A)&#8239;clause (i), <U>(ii)</U>&#8239;or <U>(vi)</U>&#8239;of this <U>Section&#8239;2.05(b)</U>&#8239;by 4:00 p.m.&#8239;(New York, New
York time) three (3)&#8239;Business Days prior to the date of such prepayment and (B)&#8239;clauses <U>(iii)</U>, &#8239;<U>(iv)</U>&#8239;or
<U>(v)</U>&#8239;of this <U>Section&#8239;2.05(b)</U>&#8239;at least three (3)&#8239;Business Days prior to the date of such prepayment.
Each such notice shall specify the date of such prepayment and provide a reasonably detailed calculation of the amount of such prepayment.
The Administrative Agent will promptly notify each Lender of the contents of the Lead Borrower&rsquo;s prepayment notice and of such
Lender&rsquo;s Pro Rata Share of the prepayment. Each Lender may reject all or a portion of its Pro Rata Share of (x)&#8239;any mandatory
prepayment (such declined amounts, the &ldquo;<U>Declined Proceeds</U>&rdquo;) of Term Loans required to be made pursuant to clauses
<U>(iii)</U>, <U>(iv)</U>&#8239;and <U>(v)</U>&#8239;of this <U>Section&#8239;2.05(b)</U>&#8239;and/or (y)&#8239;a voluntary prepayment made
pursuant to <U>Section&#8239;2.05(a)</U>&#8239;with the proceeds of an intercompany loan that is made by a Foreign Guarantor to the Lead
Borrower in lieu of a payment that is required to be made directly under the Foreign Guaranty, in each case, as a result of the sale
of any assets of, or the Equity Interests in, any Foreign Guarantor, in each case by providing written notice (each, a &ldquo;<U>Rejection
Notice</U>&rdquo;) to the Administrative Agent and the Lead Borrower no later than 1:00 p.m.&#8239;two (2)&#8239;Business Days prior to
such prepayment. Each Rejection Notice from a given Lender shall specify the principal amount of the mandatory repayment of Term Loans
to be rejected by such Lender. If a Lender fails to deliver a Rejection Notice to the Administrative Agent within the time frame specified
above or such Rejection Notice fails to specify the principal amount of the Term Loans to be rejected, any such failure will be deemed
an acceptance of the total amount of such mandatory prepayment of Term Loans. Any Declined Proceeds shall be offered to the Lenders not
so declining such prepayment on a pro rata basis in accordance with the amounts of the Term Loans of such Lender (with such non-declining
Lenders having the right to decline any prepayment with Declined Proceeds at the time and in the manner specified by the Lead Borrower
and the Administrative Agent). To the extent such non-declining Lenders elect to decline their Pro Rata Share of such Declined Proceeds
and notify the Administrative Agent and the Lead Borrower in writing by 10:00 a.m.&#8239;one (1)&#8239;Business Day prior to the prepayment
date, any Declined Proceeds remaining thereafter shall be retained by the Borrowers (such remaining Declined Proceeds, the &ldquo;<U>Borrower
Retained Prepayment Amounts</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"></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"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><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 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;2.06&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Termination
or Reduction of Commitments</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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Mandatory</U>.
Each Lender&rsquo;s New Money Commitments shall be (A)&#8239;permanently reduced on a dollar-for-dollar basis by the aggregate principal
amount of any New Money Term Loans funded by such Lender in accordance with <U>Section&#8239;2.01(a)</U>&#8239;in respect of such applicable
New Money Commitments, and (B)&#8239;terminated in full 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><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 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;2.07&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Repayment
of Loans</B>. The Borrowers shall repay to the Administrative Agent for the ratable account of the Lenders, on the Maturity Date, the
aggregate principal amount of all Term Loans outstanding 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 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;2.08&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Interest</B>.
(a)&#8239;Subject to the provisions of <U>Section&#8239;2.08(b)</U>, (i)&#8239;each Term Loan that is maintained as a SOFR Loan shall bear
interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the sum of (A)&#8239;the Term
SOFR for such Interest Period plus (B)&#8239;the Applicable Margin therefor and (ii)&#8239;each Term Loan that is maintained as a Base
Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal
to the Base Rate plus the Applicable Margin 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>During
the continuance of a Default or an Event of Default, the Borrowers shall pay interest on principal owing by it hereunder at a fluctuating
interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws; <U>provided</U> that
no interest at the Default Rate shall accrue or be payable to a Defaulting Lender so long as such Lender shall be a Defaulting Lender.
Accrued and unpaid interest on such amounts (including interest on past due interest) shall be due and payable upon demand.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Interest
on each Term Loan shall be due and payable in cash in arrears on each Interest Payment Date applicable thereto and at such other times
as may be specified 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>In
connection with the use or administration of Term SOFR, the Administrative Agent (at the written direction of the Required Lenders) will
have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan
Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other
party to this Agreement or any other Loan Document. The Administrative Agent will promptly notify the Lead Borrower and the Lenders of
the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.</P>

<P STYLE="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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;2.09&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Payments</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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Administrative
Agent Fee</U>. The Borrowers agree to pay to the Administrative Agent, for its own account, the administrative agent fees as have been
previously agreed in writing or as may be agreed in writing from time to time, including but not limited to, those set forth in the Agent
Fee Letter.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Put
Option Premium</U>. The Borrowers shall pay to each Lender having a New Money Commitment as of the Closing Date, a payment in an amount
equal to 7.50% of the aggregate principal amount of the New Money Commitments of such Lender as of the Closing Date, which shall be fully
earned on the Closing Date and shall be due and payable in kind on each date that New Money Term Loans are funded (and based on the aggregate
principal amount of such New Money Term Loans funded on such date), by increasing the aggregate principal amount of New Money Term Loans
on such date. This payment shall be deemed to satisfy the Borrowers&rsquo; obligations to pay the Put Option Premium under and as defined
in the Commitment Letter.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Commitment
Payment</U>. The Borrower shall pay to each Lender having a New Money Commitment on the Closing Date, a commitment payment in an amount
equal to 3.50% of the aggregate principal amount of the New Money Commitments of such Lender as of the Closing Date, which shall be fully
earned, due and payable on the Closing Date and shall be paid in kind by increasing the aggregate principal amount of the New Money Term
Loans of each such Lender 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 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;2.10&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Computation
of Interest and Fees</B>. All computations of interest for Base Rate Loans when the Base Rate is determined by the &ldquo;Prime Rate&rdquo;
shall be made on the basis of a year of three hundred and sixty-five (365) days, or three hundred and sixty-six (366) days, as applicable,
and actual days elapsed. All other computations of fees and interest shall be made on the basis of a three hundred and sixty (360) day
year and actual days elapsed. Interest shall accrue on each Term Loan for the day on which the Term Loan is made, and shall not accrue
on a Term Loan, or any portion thereof, for the day on which the Term Loan or such portion is paid; provided that any Term Loan that
is repaid on the same day on which it is made shall, subject to <U>Section&#8239;2.12(a)</U>, bear interest for one (1)&#8239;day. Each
determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, 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 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;2.11&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Evidence
of Indebtedness</B>. (a)&#8239;The Credit Extensions made by each Lender shall be evidenced by one or more accounts or records maintained
by such Lender and evidenced by one or more entries in the Register maintained by the Administrative Agent, acting solely for purposes
of Treasury Regulation Section&#8239;5f.103( c) and proposed Treasury Regulations Section&#8239;1.163-5(b)&#8239;(or, in each case, any
amended or successor version), as non-fiduciary agent for the Borrowers, in each case in the ordinary course of business. The accounts
or records maintained by the Administrative Agent and each Lender shall be <U>prima facie</U> evidence absent manifest error of the amount
of the Credit Extensions made by the Lenders to the Borrowers and the interest and payments thereon. Any failure to so record or any
error in doing so shall not, however, limit or otherwise affect the obligation of the Borrowers hereunder to pay any amount owing with
respect to the Obligations. In the event of any conflict between the accounts and records maintained by any Lender and the accounts and
records of the Administrative Agent in respect of such matters, the accounts and records of the Administrative Agent shall control in
the absence of manifest error. Upon the request of any Lender made to the Borrowers, the Borrowers shall execute and deliver to such
Lender a Term Note payable to such Lender, which shall evidence such Lender&rsquo;s Term Loans in addition to such accounts or records.
Each Lender may attach schedules to its Term Note and endorse thereon the date, Type (if applicable), amount and maturity of its Term
Loans and payments with respect 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">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Entries
made in good faith by the Administrative Agent in the Register pursuant to <U>Section&#8239;2.11(a)</U>, and by each Lender in its account
or accounts pursuant to <U>Section&#8239;2.11(a)</U>, shall be <U>prima facie</U> evidence of the amount of principal and interest due
and payable or to become due and payable from the Borrowers to, in the case of the Register, each Lender and, in the case of such account
or accounts, such Lender, under this Agreement and the other Loan Documents, absent manifest error; <U>provided</U> that the failure
of the Administrative Agent or such Lender to make an entry, or any finding that an entry is incorrect, in the Register or such account
or accounts shall not limit or otherwise affect the obligations of the Borrowers under this Agreement and the other 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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;2.12&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Payments
Generally</B>. (a)&#8239;All payments to be made by the Borrowers shall be made without condition or deduction for any counterclaim, defense,
recoupment or setoff. Except as otherwise expressly provided herein, all payments by the Borrowers hereunder shall be made to the Administrative
Agent, for the account of the respective Lenders to which such payment is owed, at the Administrative Agent&rsquo;s Office in Dollars
and in Same Day Funds not later than 2:00 p.m.&#8239;(New York, New York time) on the dates specified herein. The Administrative Agent
will promptly distribute to each Lender its Pro Rata Share (or other applicable share as provided herein) of such payment in like funds
as received by wire transfer to such Lender&rsquo;s applicable Lending Office. All payments received by the Administrative Agent after
2:00 p.m.&#8239;(New York, New York time) in the case of payments in Dollars may, at the Administrative Agent&rsquo;s discretion, be deemed
received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>If
any payment to be made by the Borrowers shall come due on a day other than a Business Day, payment shall be made on the next following
Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be; <U>provided</U> that,
if such extension would cause payment of interest on or principal of SOFR Loans to be made in the next succeeding calendar month, such
payment shall be made on the immediately preceding 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Unless
the Lead Borrower or any Lender has notified the Administrative Agent, prior to the date any payment is required to be made by it to
the Administrative Agent hereunder, that the Borrowers or such Lender, as the case may be, will not make such payment, the Administrative
Agent may assume that the Borrowers or such Lender, as the case may be, has timely made such payment and may (but shall not be so required
to), in reliance thereon, make available a corresponding amount to the Person entitled thereto. If and to the extent that such payment
was not in fact made to the Administrative Agent in Same Day Funds, 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"></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: 1.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>if
the Borrowers failed to make such payment, each Lender shall forthwith on demand repay to the Administrative Agent the portion of such
assumed payment that was made available to such Lender in Same Day Funds, together with interest thereon in respect of each day from
and including the date such amount was made available by the Administrative Agent to such Lender to the date such amount is repaid to
the Administrative Agent in Same Day Funds at the applicable Federal Funds Rate from time to time in effect; 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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>if
any Lender failed to make such payment, such Lender shall forthwith on demand pay to the Administrative Agent the amount thereof in Same
Day Funds, together with interest thereon for the period from the date such amount was made available by the Administrative Agent to
the Borrowers to the date such amount is recovered by the Administrative Agent (the &ldquo;<U>Compensation Period</U>&rdquo;) at a rate
per annum equal to the applicable Federal Funds Rate from time to time in effect. When such Lender makes payment to the Administrative
Agent (together with all accrued interest thereon), then such payment amount (excluding the amount of any interest which may have accrued
and been paid in respect of such late payment) shall constitute such Lender&rsquo;s Term Loan included in the applicable Borrowing. If
such Lender does not pay such amount forthwith upon the Administrative Agent&rsquo;s demand therefor, the Administrative Agent may make
a demand therefor upon the Borrowers, and the Borrowers shall pay such amount to the Administrative Agent, together with interest thereon
for the Compensation Period at a rate per annum equal to the rate of interest applicable to the applicable Borrowing. Nothing herein
shall be deemed to relieve any Lender from its obligation to fulfill its Commitment or to prejudice any rights which the Administrative
Agent or the Lead Borrower may have against any Lender as a result of any default by such 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-align: justify; text-indent: 1in">A notice of the Administrative
Agent to any Lender or the Lead Borrower with respect to any amount owing under this <U>Section&#8239;2.12(c)</U>&#8239;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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>If
any Lender makes available to the Administrative Agent funds for any Term Loan to be made by such Lender as provided in the foregoing
provisions of this <U>Article&#8239;II</U>, and such funds are not made available to the Borrowers by the Administrative Agent because
it has been informed by the Borrower or such Lender that the conditions to the applicable Credit Extension set forth in <U>Article&#8239;IV</U>
are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received
from such Lender) to such Lender, without interest.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
obligations of the Lenders hereunder to make Term Loans are several and not joint. The failure of any Lender to make any Term Loan shall
not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure
of any other Lender to so make its Term 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Nothing
herein shall be deemed to obligate any Lender to obtain the funds for any Term Loan in any particular place or manner or to constitute
a representation by any Lender that it has obtained or will obtain the funds for any Term Loan in any particular place or manner.</P>

<P STYLE="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"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Whenever
any payment received by the Administrative Agent under this Agreement or any of the other Loan Documents is insufficient to pay in full
all amounts due and payable to the Administrative Agent and the Lenders under or in respect of this Agreement and the other Loan Documents
on any date, such payment shall be distributed by the Administrative Agent and applied by the Administrative Agent and the Lenders in
the order of priority set forth in Section&#8239;8.03. If the Administrative Agent receives funds for application to the Obligations of
the Loan Parties under or in respect of the Loan Documents under circumstances for which the Loan Documents do not specify the manner
in which such funds are to be applied, the Administrative Agent may, , but shall not be obligated to, elect to distribute such funds
to each of the Lenders in accordance with such Lender&rsquo;s Pro Rata Share of the Outstanding Amount of all Term Loans or other Obligations
then owing to 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 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;2.13&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Sharing
of Payments</B>. (a)&#8239;If, other than as expressly provided elsewhere herein, any Lender shall obtain on account of the Term Loans
made by it any payment (whether voluntary, involuntary, through the exercise of any right of setoff, or otherwise) in excess of its ratable
share (or other share contemplated hereunder) thereof, such Lender shall immediately (a)&#8239;notify the Administrative Agent of such
fact, and (b)&#8239;purchase from the other Lenders such participations in the Term Loans made by them as shall be necessary to cause
such purchasing Lender to share the excess payment in respect of such Term Loans or such participations, as the case may be, <U>pro rata</U>
with each of them; provided that if all or any portion of such excess payment is thereafter recovered from the purchasing Lender under
any of the circumstances described in <U>Section&#8239;10.06</U> (including pursuant to any settlement entered into by the purchasing
Lender in its discretion), such purchase shall to that extent be rescinded and each other Lender shall repay to the purchasing Lender
the purchase price paid therefor, together with an amount equal to such paying Lender&rsquo;s ratable share (according to the proportion
of (i)&#8239;the amount of such paying Lender&rsquo;s required repayment to (ii)&#8239;the total amount so recovered from the purchasing
Lender) of any interest or other amount paid or payable by the purchasing Lender in respect of the total amount so recovered, without
further interest thereon. The Borrowers agree that any Lender so purchasing a participation from another Lender may, to the fullest extent
permitted by applicable Law, exercise all its rights of payment (including the right of setoff, but subject to <U>Section&#8239;10.09</U>)
with respect to such participation as fully as if such Lender were the direct creditor of the Borrowers in the amount of such participation.
The Administrative Agent will keep records (which shall be conclusive and binding in the absence of manifest error) of participations
purchased under this <U>Section&#8239;2.13</U> and will in each case notify the Lenders following any such purchases or repayments. Each
Lender that purchases a participation pursuant to this <U>Section&#8239;2.13</U> shall from and after such purchase have the right to
give all notices, requests, demands, directions and other communications under this Agreement with respect to the portion of the Obligations
purchased to the same extent as though the purchasing Lender were the original owner of the Obligations purchased.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Notwithstanding
anything to the contrary contained herein, (i)&#8239;the provisions of the preceding <U>Section&#8239;2.13(a)</U>&#8239;shall be subject
to (x)&#8239;the express provisions of this Agreement which require, or permit, differing payments to be made to non-Defaulting Lenders
as opposed to Defaulting Lenders and (y)&#8239;the express provisions of <U>Section&#8239;3.07</U>, which permit disproportionate payments
with respect to the Term Loans as, and to the extent, provided therein, and (ii)&#8239;any Lender may obtain and retain (without any requirement
to share) any payment on account of the Term Loans in excess of its ratable share (or other share contemplated hereunder) to the extent
such payment was received in connection with any transaction or series of related transactions with respect to which each then existing
Lender is offered a bona fide opportunity to participate on the same terms (other than bona fide backstop, put option, arrangement or
restructuring fees or premiums) as offered to all other participants (or their affiliates); provided, however, that if any such Lender
does not accept an offer to participate in such transaction or series of related transactions to the extent of its pro rata share, such
Lender shall be deemed to have declined such offer.</P>

<P STYLE="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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;2.14&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Reserved</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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;2.15&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Reserved.</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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;2.16&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Reserved</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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;2.17&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Reserved</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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;2.18&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Reserved</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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;2.19&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Defaulting
Lenders</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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Adjustments</U>.
Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then, until such time
as that Lender is no longer a Defaulting Lender, to the extent permitted by applicable Law:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Waivers
and Amendments</U>. That Defaulting Lender&rsquo;s right to approve or disapprove any amendment, waiver or consent with respect to this
Agreement shall be restricted as set forth in <U>Section&#8239;10.01</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: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Reallocation
of Payments</U>. Any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of that
Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to <U>Article&#8239;VIII</U> or otherwise) shall be applied at
such time or times as may be determined by the Administrative Agent as follows: <U>first</U>, to the payment of any amounts owing by
that Defaulting Lender to the Administrative Agent hereunder; <U>second</U>, to the funding of any Term Loan in respect of which that
Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; <U>third</U>,
to that Defaulting Lender or as otherwise directed by a court of competent jurisdiction; <U>provided</U> that if (x)&#8239;such payment
is a payment of the principal amount of any Term Loans in respect of which that Defaulting Lender has not fully funded its appropriate
share and (y)&#8239;such Term Loans were made at a time when the conditions set forth in <U>Section&#8239;4.03 </U>were satisfied or waived,
such payment shall be applied solely to pay the Term Loans of all Non-Defaulting Lenders on a <U>pro rata</U> basis prior to being applied
to the payment of any Term Loans of that Defaulting Lender. Any payments, prepayments or other amounts paid or payable to a Defaulting
Lender that are applied (or held) to pay amounts owed by a Defaulting Lender shall be deemed paid to and redirected by that Defaulting
Lender, and each Lender irrevocably consents 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"></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: 1.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Defaulting
Lender Cure</U>. If the Lead Borrower and the Administrative Agent agree in writing that a Defaulting Lender should no longer be deemed
to be a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in
such notice and subject to any conditions set forth therein, that Lender will, to the extent applicable, purchase that portion of outstanding
Term Loans of the other Lenders, whereupon that Lender will cease to be a Defaulting Lender; <U>provided</U> that except to the extent
otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or
release of any claim of any party hereunder arising from that Lender&rsquo;s having been a Defaulting Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;2.20&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Borrower
Obligations Joint and Several</B>. (a)&#8239;Each Borrower hereby designates and appoints the Lead Borrower as its agent, attorney-in-fact
and legal representative on its behalf for all purposes, including issuing Committed Loan Notices; giving instructions with respect to
the disbursement of the proceeds of the Term Loans; paying, prepaying and reducing loans, commitments, or any other amounts owing under
the Loan Documents; selecting interest rate options; giving, receiving, accepting and rejecting all other notices, consents or other
communications hereunder or under any of the other Loan Documents; and taking all other actions (including in respect of compliance with
covenants) on behalf of any Borrower or the Borrowers under the Loan Documents. The Lead Borrower hereby accepts such appointment. The
Administrative Agent and each Lender may regard any notice or other communication pursuant to any Loan Document from the Lead Borrower
on behalf of one or more Borrowers as a notice or communication from such Borrower. Each warranty, covenant, agreement and undertaking
made on behalf of the Co-Borrower by the Lead Borrower shall be deemed for all purposes to have been made by such Borrower and shall
be binding upon and enforceable against such Borrower to the same extent as if the same had been made directly by such Borrower. Any
action, notice, delivery, receipt, acceptance, approval, rejection or any other undertaking under any of the Loan Documents to be made
by the Lead Borrower in respect of the Obligations of the Co-Borrower shall be deemed, where applicable, to be made in the Lead Borrower&rsquo;s
capacity as representative and agent on behalf of each Borrower, and any such action, notice, delivery, receipt, acceptance, approval,
rejection or other undertaking shall be deemed for all purposes to have been made by such Borrower and shall be binding upon and enforceable
against such Borrower to the same extent as if the same had been made directly by such 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Borrowers shall have joint and several liability in respect of all Obligations hereunder and under any other Loan Document to which any
Borrower is a party, without regard to any defense (other than the defense that payment in full in Same Day Funds has been made), setoff
or counterclaim which may at any time be available to or be asserted by any other Loan Party against the Lenders, or by any other circumstance
whatsoever (with or without notice to or knowledge of the Borrowers) which constitutes, or might be construed to constitute, an equitable
or legal discharge of either Borrower&rsquo;s liability hereunder, in bankruptcy or in any other instance, and the Obligations of the
Borrowers hereunder shall not be conditioned or contingent upon the pursuit by the Lenders or any other person at any time of any right
or remedy against either Borrower or against any other person which may be or become liable in respect of all or any part of the Obligations
or against any Collateral or Guarantee therefor or right of offset with respect thereto. Each Borrower hereby acknowledges that this
Agreement is the joint and several obligation of each Borrower (regardless of which Borrower shall have delivered a Committed Loan Notice)
and may be enforced against each Borrower separately, whether or not enforcement of any right or remedy hereunder has been sought against
any other Borrower. Each Borrower hereby expressly waives, with respect to any of the Term Loans made to any other Borrower hereunder
and any of the amounts owing hereunder by such other Loan Parties in respect of such Term Loans, diligence, presentment, demand of payment,
protest and all notices whatsoever, and any requirement that the Administrative Agent or any Lender exhaust any right, power or remedy
or proceed against such other Loan Parties under this Agreement or any other agreement or instrument referred to herein or against any
other person under any other guarantee of, or security for, any of such amounts owing 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"></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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;2.21&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Benchmark
Replacement Setting</B>. (a)&#8239;<U>Benchmark Replacement</U>. Notwithstanding anything to the contrary herein or in any other Loan
Document, upon the occurrence of a Benchmark Transition Event, the Administrative Agent (at the written direction of the Required Lenders)
and the Lead Borrower may amend this Agreement to replace the then-current Benchmark with a Benchmark Replacement. Any such amendment
with respect to a Benchmark Transition Event will become effective at 5:00 p.m.&#8239;(New York City time) on the fifth (5<SUP>th</SUP>)
Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Lead Borrower so long
as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the
Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this <U>Section&#8239;2.20(a)</U>&#8239;will occur
prior to the applicable Benchmark Transition Start 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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Benchmark
Replacement Conforming Changes</U>. In connection with the use, administration, adoption or implementation of a Benchmark Replacement,
the Administrative Agent will have the right (at the written direction of the Required Lenders) to make Conforming Changes from time
to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Conforming
Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Notices;
Standards for Decisions and Determinations</U>. The Administrative Agent will promptly notify the Lead Borrower and the Lenders of (i)&#8239;the
implementation of any Benchmark Replacement and (ii)&#8239;the effectiveness of any Conforming Changes in connection with the use, administration,
adoption or implementation of a Benchmark Replacement. The Administrative Agent will notify the Lead Borrower and the Lenders of (x)&#8239;the
removal or reinstatement of any tenor of a Benchmark pursuant to <U>Section&#8239;2.20(d)</U>&#8239;and (v)&#8239;the commencement 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 <U>Section&#8239;2.20</U>, including any determination with respect to a tenor, rate
or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking
any action 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 <U>Section&#8239;2.20</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Unavailability
of Tenor of Benchmark</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 Term SOFR Reference
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 (at the written direction of the Required Lenders) in consultation with
the Lead Borrower 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 not or will not be representative, then
the Administrative Agent may modify the definition of &ldquo;Interest Period&rdquo; (or any similar or analogous definition) for any
Benchmark settings at or after such time to remove such unavailable 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 not or will not be representative
for a Benchmark (including a Benchmark Replacement), then the Administrative Agent (at the written direction of the Required Lenders)
in consultation with the Lead Borrower may modify the definition of &ldquo;Interest Period&rdquo; (or any similar or analogous definition)
for all Benchmark settings at or after such time to reinstate such previously removed tenor.</P>

<P STYLE="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"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Benchmark
Unavailability Period</U>. Upon the Lead Borrower&rsquo;s receipt of notice of the commencement of a Benchmark Unavailability Period,
(i)&#8239;the Lead Borrower may revoke any pending request for a SOFR Borrowing of, conversion to or continuation of SOFR Loans to be
made, converted or continued during any Benchmark Unavailability Period and, failing that, the Lead Borrower will be deemed to have converted
any such request into a request for a Borrowing of or conversion to Base Rate Loans and (ii)&#8239;any outstanding affected SOFR Loans
will be deemed to have been converted to Base Rate Loans at the end of the applicable Interest Period. During a Benchmark Unavailability
Period or at any time that a tenor for the then-current Benchmark is not an Available Tenor, the component of Base Rate based upon the
then-current Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination of Base Rate.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;2.22&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Tax
Treatment</B>. Each of the Loan Parties, the Lenders and the Administrative Agent agree (a)&#8239;that the Term Loans are debt for U.S.
federal income tax purposes, (b)&#8239;that such debt instrument is issued with OID, (c)&#8239;that such debt instrument is described in
Treasury Regulations Section&#8239;1.1272-1(c)(2)&#8239;and therefore is governed by the rules&#8239;set out in Treasury Regulations Section&#8239;1.1272-1(c),
including Section&#8239;1.1272-1(c)(5), and is not governed by the rules&#8239;set out in Treasury Regulations Section&#8239;1.1275-4, (d)&#8239;that
the Lead Borrower shall determine the amount of OID on the Term Loans, and (e)&#8239;to adhere to this treatment for U.S. federal income
tax purposes (including withholding obligations of the Borrowers and the Administrative Agent, if any) and not to take any action or
file any tax return, report or declaration inconsistent herewith (including with respect to the amount of OID on the Term Loans as determined
in accordance with clause (f)). This <U>Section&#8239;2.22</U> is not an admission by any Lender that it is subject to U.S. taxation.</P>

<P STYLE="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"><FONT STYLE="text-transform: uppercase"><B>Article&#8239;III</B></FONT></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"><FONT STYLE="text-transform: uppercase"><B>Taxes,&#8239;Increased
Costs Protection and Illegality</B></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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;3.01&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Taxes</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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Payments
Free of Taxes</U>. Except as provided in this <U>Section&#8239;3.01</U>, or as required by applicable Law, any and all payments made by
or on account of any Loan Party under any Loan Document shall be made free and clear of and without deduction or withholding for any
and all present or future Taxes, excluding, in the case of each Agent and each Lender, (1)&#8239;Taxes imposed on or measured by its net
income, however denominated, franchise Taxes imposed on it <U>in lieu</U> of net income Taxes, and branch profits Taxes, in each case,
(i)&#8239;imposed by a jurisdiction (or by any political subdivision or taxing authority thereof) in which such Lender or Administrative
Agent is organized or the jurisdiction (or by any political subdivision or taxing authority thereof) in which such Lender&rsquo;s or
Administrative Agent&rsquo;s principal office or applicable Lending Office is located, or (ii)&#8239;that are Other Connection Taxes,
(2)&#8239;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 Term Loan or Commitment pursuant to a law in effect on the date on which (i)&#8239;such Lender
acquires such interest in the Term Loan or Commitment (other than pursuant to an assignment request by a Borrower under Section&#8239;3.07)
or (ii)&#8239;such Lender changes its Lending Office, except in each case to the extent that, pursuant to this Section&#8239;3.01, amounts
with respect to such Taxes were payable either to such Lender&rsquo;s assignor immediately before such Lender became a party hereto or
to such Lender immediately before it changed its Lending Office, (3)&#8239;Taxes attributable to such Recipient&rsquo;s failure to comply
with <U>Section&#8239;3.01(d)</U>, and (4)&#8239;any Taxes imposed under FATCA (all such excluded Taxes being hereinafter referred to as
 &ldquo;<U>Excluded Taxes</U>&rdquo;, and (x)&#8239;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 (y)&#8239;to the extent not otherwise described in (x),
Other Taxes, being hereinafter referred to as &ldquo;<U>Indemnified Taxes</U>&rdquo;). If the Loan Party or other applicable withholding
agent shall be required by any Laws to deduct or withhold any Taxes from or in respect of any sum payable under any Loan Document to
any Recipient, (i)&#8239;if such Taxes are Indemnified Taxes, then the sum payable by such Loan Party shall be increased as necessary
so that after making all required deductions or withholdings (including deductions or withholdings applicable to additional sums payable
under this <U>Section&#8239;3.01</U>), each of such Recipient receives an amount equal to the sum it would have received had no such deductions
or withholdings been made, (ii)&#8239;the applicable withholding agent shall make such deductions or withholdings, (iii)&#8239;the applicable
withholding agent shall pay the full amount deducted or withheld to the relevant taxation authority or other authority in accordance
with applicable Laws, and (iv)&#8239;within thirty (30) days after the date of such payment (or, if receipts or evidence are not available
within thirty (30) days, as soon as possible thereafter), if the Loan Party is the applicable withholding agent, such Loan Party shall
furnish to the Agent the original or a copy of a receipt evidencing payment thereof or other evidence reasonably acceptable to the 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"><FONT STYLE="font-size: 10pt">In
addition (but without duplication), each Borrower (jointly and severally) agrees to timely pay any and all present and future stamp,
transfer, sales and use, court or documentary Taxes and any other excise, property, intangible or mortgage recording Taxes, or charges
or levies of the same character, imposed by any Governmental Authority, which 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, including additions to Tax, penalties and interest related thereto (all taxes described
in this paragraph of Section&#8239;3.01(a)&#8239;being hereinafter referred to as &ldquo;<U>Other Taxes</U>&rdquo;), except any such Taxes
that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to <I>Section&#8239;3.07</I>),
save for any Luxembourg Taxes payable</FONT> upon a voluntary registration of the Loan Document with the Registration and Estates department
(<I>Administration de l&rsquo;Enregistrement, des Domaines et de la TVA</I>), if such voluntary registration is not required to maintain,
preserve, establish or enforce the rights of that 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"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Indemnification
by the Borrowers</U>. Without duplication of <U>Section&#8239;3.01(a)</U>, each Borrower (jointly and severally) and each Guarantor agrees
to indemnify each Recipient, within 10 days after demand therefor, for (i)&#8239;the full amount of Indemnified Taxes (including Indemnified
Taxes imposed or asserted on or attributable to amounts payable under this <U>Section&#8239;3.01</U>) payable or paid by such Recipient
or required to be withheld or deducted from a payment to such Recipient and (ii)&#8239;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;
<U>provided</U> such Recipient, as the case may be, provides the Lead Borrower or such Guarantor with a written statement thereof setting
forth in reasonable detail the basis and calculation of such amounts. A certificate as to the amount of such payment or liability delivered
to the Lead Borrower or such Guarantor 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">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Indemnification
by the Lenders</U>. To the extent required by any applicable Law, the Administrative Agent may withhold from any payment to any Lender
an amount equivalent to any applicable withholding tax. Each Lender shall severally indemnify the Administrative Agent, within ten (10)&#8239;days
after demand therefor, for (i)&#8239;any Indemnified Taxes attributable to such Lender (but only to the extent that any Loan Party has
not already indemnified the Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Loan Parties to
do so), (ii)&#8239;any Taxes attributable to such Lender&rsquo;s failure to comply with the provisions of <U>Section&#8239;10.07(e)</U>&#8239;relating
to the maintenance of a Participant Register and (iii)&#8239;any Excluded Taxes attributable to such Lender, in each case, that are payable
or paid by the Administrative Agent in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect
thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate
as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest
error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender
under any Loan Document or otherwise payable by the Administrative Agent to the Lender from any other source against any amount due to
the Administrative Agent under this paragraph (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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Tax
Administration Formalities</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: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Each
Recipient 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 requesting Loan Party and the Administrative Agent, at the time or times reasonably requested by the such Loan Party
or the Administrative Agent, such properly completed and executed documentation reasonably requested by such Loan Party 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 Lead Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable Law or reasonably
requested by the Lead Borrower or the Administrative Agent as will enable the Lead Borrower or the Administrative Agent to determine
whether or not such Lender is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary
in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth
in clauses (iii)(A), (iii)(B)&#8239;and (ii)&#8239;of this Section&#8239;3.01(d)) shall not be required if in the Lender&rsquo;s reasonable
judgment such completion, execution or submission (1)&#8239;would subject such Lender to any material unreimbursed cost or expense (it
being understood that the completion, execution and submission of any documentation no more burdensome than that required for U.S. federal
income withholding will not for purposes of this subsection (1)&#8239;give rise to an exception from the preceding sentence and shall
not be considered material unreimbursed cost or expense) or (2)&#8239;would materially prejudice the legal or commercial position of such
Lender; provided, however, that in no event shall the Lenders be required to provide its Tax returns (or any other information relating
to its Taxes that it deems 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"></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: 1.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Each
Recipient shall confirm whether it is entitled to receive payments under any Loan Document free from withholding under FATCA and shall
provide any documentation, forms and other information relating to its status under FATCA reasonably requested by the Loan Parties sufficient
for the Loan Parties to comply with their obligations under FATCA and to determine whether such Recipient has complied with such applicable
reporting 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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Without
limiting the generality of the foregoing,</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="font-size: 10pt">(A)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>any
Lender that is a U.S. person shall deliver to the Borrower and the Administrative Agent on or about the date on which such Lender becomes
a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent),
executed copies of IRS Form&#8239;W-9 certifying that such Lender is exempt from U.S. federal backup withholding tax;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="font-size: 10pt">(B)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>any
Lender that is not a U.S. person shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative
Agent (in such number of copies as shall be requested by the recipient) on or about the date on which such Lender becomes a Lender under
this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), applicable
Internal Revenue Service Form&#8239;W-8, together with all required attachments, certifying the status of such Lender and, if applicable,
its beneficial owners, including in the case of a Lender claiming the benefits of the exemption for portfolio interest under Section&#8239;881(c)&#8239;of
the Code, a certificate to the effect that such Lender is not a &ldquo;bank&rdquo; within the meaning of Section&#8239;881(c)(3)(A)&#8239;of
the Code, a &ldquo;10 percent shareholder&rdquo; of the Borrower within the meaning of Section&#8239;871(h)(3)(B)&#8239;of the Code, or
a &ldquo;controlled foreign corporation&rdquo; related to the Borrower described in Section&#8239;881(c)(3)(C)&#8239;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; text-align: justify; text-indent: 2in"><FONT STYLE="font-size: 10pt">(C)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>any
Lender that is not a U.S. person shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative
Agent (in such number of copies as shall be requested by the recipient) on or about the date on which such Lender becomes a Lender under
this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), executed copies
of any other form prescribed by applicable Law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax,
duly completed, together with such supplementary documentation as may be prescribed by applicable Law to permit the Borrower or the Administrative
Agent to determine the withholding or deduction required to be made.</P>

<P STYLE="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 Recipient agrees that
if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect, it shall update such form
or certification, provide such successor form, or promptly notify the Borrower and the Administrative Agent in writing of its legal inability
to do so.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Administrative Agent, and any sub-agent and any successor or supplemental Administrative Agent, shall deliver to the Borrower (in such
number of copies as it reasonably requests) on or prior to the date on which the Administrative Agent becomes the administrative agent
hereunder or under any other Loan Document (and from time to time thereafter upon the reasonable request of the Borrower) executed copies
of IRS Form&#8239;W-9 (or any successor form). The Administrative Agent hereby represents and warrants to the Loan Parties that it is
a &ldquo;U.S. person&rdquo; and a &ldquo;financial institution&rdquo; and that it will comply with its &ldquo;obligation to withhold,&rdquo;
each within the meaning of Treasury Regulations Section&#8239;1.1441-1(b)(2)(ii).</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Designation
of Different Lending Office</U>. If any Recipient requests compensation under <U>Section&#8239;3.04</U>, or requires the Borrowers or
any Loan Party to pay any Indemnified Taxes or additional amounts to any Recipient or any Governmental Authority for the account of any
Recipient pursuant to <U>Section&#8239;3.01</U>, then such Recipient shall (at the request of the Lead Borrower) use reasonable efforts
to designate a different lending office for funding or booking its Term Loans hereunder or to assign its rights and obligations hereunder
to another of its offices, branches or affiliates, if, in the judgment of such Recipient, such designation or assignment (i)&#8239;would
eliminate or reduce amounts payable pursuant to <U>Section&#8239;3.01</U> or <U>3.04</U>, as the case may be, in the future, and (ii)&#8239;would
not subject such Recipient to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Recipient. The Borrowers
hereby agree to pay all reasonable costs and expenses incurred by any Recipient in connection with any such designation or assignment.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Treatment
of Certain Refunds</U>. If any Recipient determines, in its sole discretion exercised in good faith, that it has received a refund in
respect of any Indemnified Taxes as to which indemnification or additional amounts have been paid to it by any Loan Party pursuant to
this <U>Section&#8239;3.01</U>, it shall promptly remit such refund to the Loan Party, net of all reasonable out-of-pocket expenses of
the Recipient, as the case may be and without interest (other than any interest paid by the relevant taxing authority with respect to
such refund net of any Taxes payable by any Recipient on such interest); <U>provided</U> that the Loan Parties, upon the request of the
Recipient, as the case may be, agree promptly to return such refund (<U>plus</U> any penalties, interest or other charges imposed by
the relevant taxing authority) to such party in the event such party is required to repay such refund to the relevant taxing authority.
Notwithstanding anything to the contrary in this paragraph (f), in no event will the Recipient be required to pay any amount to the Loan
Party pursuant to this paragraph (f)&#8239;the payment of which would place the Recipient in a less favorable net after-Tax position than
the Recipient would have been in if the Taxes 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 Taxes had never been paid. This section
shall not be construed to require any Recipient to make available its Tax returns (or any other information relating to Taxes that it
deems confidential) to the Borrowers or any other 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Survival</U>.
Each party&rsquo;s obligations under this <U>Section&#8239;3.01</U> shall survive the resignation or replacement of the Administrative
Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction
or discharge of all obligations under any Loan Document.</P>

<P STYLE="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"><FONT STYLE="font-size: 10pt">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>All
amounts set forth in a Loan Document to be payable by any Loan Party to a Lender or Agent 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 paragraph (j)&#8239;below, if VAT is or becomes chargeable on any supply made by any Lender or
Agent to any Loan Party under a Loan Document and such Lender or Agent is required to account to the relevant taxing authority for the
VAT, that Loan Party shall pay to the relevant Lender or Agent (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 such Lender or Agent shall promptly provide an appropriate VAT invoice
to such 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"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>If
VAT is or becomes chargeable on any supply made by any Lender or Agent (the &ldquo;<U>Supplier</U>&rdquo;) to any other Lender or Agent
(the &ldquo;<U>Recipient</U>&rdquo;) under a Loan Document, and any Loan Party other than the Recipient (the &ldquo;<U>Subject Party</U>&rdquo;)
is required by the terms of any Loan Document to pay an amount equal to the consideration for such supply to the Supplier (rather than
being required to reimburse the Recipient in respect of that consideration) (i)&#8239;(where the Supplier is the Person required to account
to the relevant tax authority for the VAT) the Subject 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. The Recipient must (where this sub-paragraph (i)&#8239;applies) promptly pay to the
Subject 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 (ii)&#8239;(where the Recipient is the person required to account to the
relevant tax authority for the VAT) the Subject Party must promptly, following demand from the Recipient, pay to the Recipient an amount
equal to the VAT chargeable on that supply but only to the extent that the Recipient reasonably determines that it is not entitled to
credit or repayment from the relevant tax authority in respect of that VAT.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(j)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Where
a Loan Document requires any Loan Party to reimburse or indemnify a Lender or Agent for any cost or expense, that Loan Party shall reimburse
or indemnify (as the case may be) such Lender or Agent for the full amount of such cost or expense, including such part thereof as represents
VAT, save to the extent that such Lender or Agent 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">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(k)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Any
reference in paragraphs 3.01(h)-(l)&#8239;to any Party shall, at any time when such Party is treated as a member of a group or unity (or
fiscal unity) for VAT purposes, include (where appropriate and unless the context otherwise requires) a reference to the person who is
treated at that time as making the supply, or (as appropriate) receiving the supply, under the grouping rules&#8239;(provided for in Article&#8239;11
of Council Directive 2006/112/EC (or as implemented by the relevant member state of the European Union) or any other similar provision
in any jurisdiction which is not a member state of the European Union) so that a reference to a Party shall be construed as a reference
to that Party or the relevant group or unity (or fiscal unity) of which that Party is a member for VAT purposes at the relevant time
or the relevant representative member (or head) of that group or unity (or fiscal unity) at the relevant time (as the case may be).</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(l)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>In
relation to any supply made by a Party to any other Party under a Loan Document, if reasonably requested by such Party, that other Party
must promptly provide such Party with details of that other Party&rsquo;s VAT registration and such other information as is reasonably
requested in connection with such Party&rsquo;s VAT reporting requirements in relation to such supply.</P>

<P STYLE="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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;3.02&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Illegality</B>.
If any Lender determines that any Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for
any Lender or its applicable Lending Office to make, maintain or fund SOFR Loans, then, on notice thereof by such Lender to the Borrowers
through the Administrative Agent, any obligation of such Lender to make or continue SOFR Loans shall be suspended until such Lender notifies
the Administrative Agent and the Lead Borrower that the circumstances giving rise to such determination no longer exist. Upon receipt
of such notice, (x)&#8239;the Lead Borrower shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or convert
all of such Lender&rsquo;s SOFR Loans to Base Rate Loans (the interest rate on which Base Rate Loans of such Lender shall, if necessary
to avoid such illegality, be determined by the Administrative Agent without reference to the Term SOFR component of the Base Rate) either
on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such SOFR Loans to such day, or immediately,
if such Lender may not lawfully continue to maintain such SOFR Loans; and (y)&#8239;if such notice asserts the illegality of such Lender
determining or charging interest rates based upon Term SOFR, the Administrative Agent shall during the period of such suspension compute
the Base Rate applicable to such Lender without reference to the Term SOFR component thereof until the Administrative Agent is advised
in writing by such Lender that it is no longer illegal for such Lender to determine or charge interest rates based upon Term SOFR. Upon
any such prepayment or conversion, the Borrowers shall also pay accrued interest on the amount so prepaid or converted. Each Lender agrees
to designate a different Lending Office if such designation will avoid the need for such notice and will not, in the good faith judgment
of such Lender, otherwise be materially disadvantageous to 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 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;3.03&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Inability
to Determine Rates</B>. Subject to <U>Section&#8239;2.20</U>, if, on or prior to the first day of any Interest Period for any SOFR 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Administrative Agent determines (which determination shall be conclusive and binding absent manifest error) that &ldquo;Term SOFR&rdquo;
cannot be determined pursuant to the definition thereof, or</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
applicable Required Lenders determine that for any reason in connection with any request for a SOFR Loan or a conversion thereto or a
continuation thereof that Term SOFR for any requested Interest Period with respect to a proposed SOFR Loan does not adequately and fairly
reflect the cost to such Lenders of making and maintaining such Term Loan, and the Required Lenders have provided notice of such determination
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">then, in each case, the Administrative Agent
will promptly so notify the Lead Borrower and each 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-align: justify">Upon notice thereof by the Administrative Agent
to the Lead Borrower, any obligation of the applicable Lenders to make SOFR Loans, and any right of the Borrower to continue SOFR Loans
or to convert Base Rate Loans to SOFR Loans, shall be suspended (to the extent of the affected SOFR Loans or affected Interest Periods)
until the Administrative Agent (with respect to clause (b), at the instruction of the Required Lenders) revokes such notice. Upon receipt
of such notice, (i)&#8239;the Lead Borrower may revoke any pending request for a borrowing of, conversion to or continuation of SOFR Loans
(to the extent of the affected SOFR Loans or affected Interest Periods) or, failing that, the Lead Borrower will be deemed to have converted
any such request into a request for a Borrowing of or conversion to Base Rate Loans in the amount specified therein and (ii)&#8239;any
outstanding affected SOFR Loans will be deemed to have been converted into Base Rate Loans at the end of the applicable Interest Period.
Upon any such conversion, the Lead Borrower shall also pay accrued interest on the amount so converted. If the Administrative Agent determines
(in consultation with the Required Lenders) (which determination shall be conclusive and binding absent manifest error) that &ldquo;Term
SOFR&rdquo; cannot be determined pursuant to the definition thereof on any given day, the interest rate on Base Rate Loans shall be determined
by the Administrative Agent without reference to the &ldquo;Term SOFR&rdquo; component of the definition of &ldquo;Base Rate&rdquo; until
the Administrative Agent revokes 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"></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 0.25in; text-align: justify; text-indent: 0.75in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;3.04&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Increased
Cost and Reduced Return; Capital Adequacy</B>. (a)&#8239;If any Lender reasonably determines that as a result of the introduction of or
any change in or in the interpretation of any Law, in each case the later of (x)&#8239;the Closing Date and (y)&#8239;the date on which
such Lender becomes a Lender under this Agreement, or such Lender&rsquo;s compliance therewith, there shall be any increase in the cost
to such Lender of agreeing to make or making, funding or maintaining any SOFR Loans or in the Taxes of such Lender on its loans, loan
principal, letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable
thereto, or a reduction in the amount received or receivable by such Lender in connection with the foregoing (excluding for purposes
of this <U>Section&#8239;3.04(a)</U>&#8239;any such increased costs, Taxes or reduction in amount resulting from (1)&#8239;Indemnified Taxes
or Excluded Taxes or (2)&#8239;reserve requirements contemplated by <U>Section&#8239;3.04(c)</U>) and the result of any of the foregoing
shall be to increase the cost to such Lender of making or maintaining the SOFR Loan (or of maintaining its obligations to make any Term
Loan), or to reduce the amount of any sum received or receivable by such Lender, then from time to time within fifteen (15) days after
demand by such Lender setting forth in reasonable detail such increased costs (with a copy of such demand to the Administrative Agent
given in accordance with <U>Section&#8239;3.06</U>), the Borrowers shall pay to such Lender such additional amounts as will compensate
such Lender for such increased cost or reduction.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>If
any Lender determines that the introduction of any Law regarding capital adequacy or any change therein or in the interpretation thereof,
in each case after the later of (x)&#8239;Closing Date and (y)&#8239;the date on which such Lender became a Lender under this Agreement,
or compliance by such Lender (or its Lending Office) therewith, has the effect of reducing the rate of return on the capital of such
Lender or any corporation controlling such Lender as a consequence of such Lender&rsquo;s obligations hereunder (taking into consideration
its policies with respect to capital adequacy and such Lender&rsquo;s desired return on capital), then from time to time upon demand
of such Lender setting forth in reasonable detail the charge and the calculation of such reduced rate of return (with a copy of such
demand to the Administrative Agent given in accordance with <U>Section&#8239;3.06</U>), the Borrowers shall pay to such Lender such additional
amounts as will compensate such Lender for such reduction within fifteen (15) days after receipt of such demand.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Failure
or delay on the part of any Lender to demand compensation pursuant to this <U>Section&#8239;3.04</U> shall not constitute a waiver of
such Lender&rsquo;s right to demand such compensation.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>If
any Lender requests compensation under this <U>Section&#8239;3.04</U>, then such Lender will, if requested by the Lead Borrower, use
reasonable efforts to designate another Lending Office for any Term Loan affected by such event; <U>provided</U> that such efforts are
made on terms that, in the reasonable judgment of such Lender, cause such Lender and its Lending Office(s)&#8239;to suffer no material
economic, legal or regulatory disadvantage, and <U>provided</U>&nbsp;<U>further</U> that nothing in this <U>Section&#8239;3.04(f)</U>&#8239;shall
affect or postpone any of the Obligations of the Borrowers or the rights of such Lender pursuant to <U>Section&#8239;3.04(a)</U>, <U>(b)</U>&#8239;or
<U>(c)</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>For
purposes of this <U>Section&#8239;3.04</U>, (i)&#8239;the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules,
regulations, guidelines or directives thereunder or issued in connection therewith and (ii)&#8239;all requests, rules, guidelines, requirements
and directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or
similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall, in each case, be
deemed to have gone into effect after the date hereof, regardless of the date enacted, adopted or issued.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;3.05&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>[Reserved]</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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;3.06&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Matters
Applicable to All Requests for Compensation</B>. (a)&#8239; Any Agent or any Lender claiming compensation under this <U>Article&#8239;III</U>
shall deliver a certificate to the Lead Borrower setting forth the additional amount or amounts to be paid to it hereunder which shall
be conclusive in the absence of manifest error. In determining such amount, such Agent or such Lender may use any reasonable averaging
and attribution methods.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>With
respect to any Lender&rsquo;s claim for compensation under <U>Section&#8239;3.01</U>, <U>3.02</U>, <U>3.03</U> or <U>3.04</U>, the Lead
Borrower shall not be required to compensate such Lender for any amount incurred more than one hundred and eighty (180) days prior to
the date that such Lender notifies the Lead Borrower of the event that gives rise to such claim; <U>provided</U> that, if the circumstance
giving rise to such claim is retroactive, then such 180-day period referred to above shall be extended to include the period of retroactive
effect thereof. If any Lender requests compensation by the Borrowers under <U>Section&#8239;3.04</U>, the Lead Borrower may, by notice
to such Lender (with a copy to the Administrative Agent), suspend the obligation of such Lender to make or continue from one Interest
Period to another applicable SOFR Loan, or, if applicable, to convert Base Rate Loans into SOFR Loans, until the event or condition giving
rise to such request ceases to be in effect (in which case the provisions of <U>Section&#8239;3.06(c)</U>&#8239;shall be applicable); <U>provided</U>
that such suspension shall not affect the right of such Lender to receive the compensation so requested.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>If
the obligation of any Lender to make or continue any SOFR Loan, or to convert Base Rate Loans into SOFR Loans, shall be suspended pursuant
to <U>Section&#8239;3.06(b)</U>&#8239;hereof, such Lender&rsquo;s applicable SOFR Loans shall be automatically converted into Base Rate
Loans (or, if such conversion is not possible, repaid) on the last day(s)&#8239;of the then current Interest Period(s)&#8239;for such SOFR
Loans (or, in the case of any immediate conversion required by <U>Section&#8239;3.02</U>, on such earlier date as required by Law) and,
unless and until such Lender gives notice as provided below that the circumstances specified in <U>Section&#8239;3.02</U>, <U>3.03</U>
or <U>3.04</U> hereof that gave rise to such conversion no longer exist:</P>

<P STYLE="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: 1.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>to
the extent that such Lender&rsquo;s SOFR Loans have been so converted, all payments and prepayments of principal that would otherwise
be applied to such Lender&rsquo;s applicable SOFR Loans shall be applied instead to its Base Rate Loans; 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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>all
Term Loans that would otherwise be made or continued from one Interest Period to another by such Lender as SOFR Loans shall be made or
continued instead as Base Rate Loans (if possible), and all Base Rate Loans of such Lender that would otherwise be converted into SOFR
Loans shall remain as Base 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>If
any Lender gives notice to the Lead Borrower (with a copy to the Administrative Agent) that the circumstances specified in <U>Section&#8239;3.02</U>,
<U>3.03</U> or <U>3.04</U> hereof that gave rise to the conversion of any of such Lender&rsquo;s SOFR Loans pursuant to this <U>Section&#8239;3.06</U>
no longer exist (which such Lender agrees to do promptly upon such circumstances ceasing to exist) at a time when SOFR Loans made by
other Lenders are outstanding, if applicable, such Lender&rsquo;s Base Rate Loans shall be automatically converted, on the first day(s)&#8239;of
the next succeeding Interest Period(s)&#8239;for such outstanding SOFR Loans, to the extent necessary so that, after giving effect thereto,
all Term Loans held by the Lenders holding SOFR Loans and by such Lender are held <U>pro rata</U> (as to principal amounts, interest
rate basis, and Interest Periods) in accordance with their respective Commitments.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;3.07&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Replacement
of Lenders under Certain Circumstances</B>. (a)&#8239; If at any time (i)&#8239;the Borrowers become obligated to pay additional amounts
or indemnity payments described in <U>Section&#8239;3.01</U> or <U>3.04</U> as a result of any condition described in such Sections or
any Lender ceases to make any SOFR Loans as a result of any condition described in <U>Section&#8239;3.02</U> or <U>Section&#8239;3.04</U>,
(ii)&#8239;any Lender becomes a Defaulting Lender or (iii)&#8239;any Lender becomes a Non-Consenting Lender, then the Lead Borrower may
on ten (10)&#8239;Business Days&rsquo; prior written notice to the Administrative Agent and such Lender and, in the case of clause&#8239;(y)&#8239;below
only, with the prior written consent of the Required Lenders; provided that such consent shall not be required in the case of the termination
of Commitments of Defaulting Lenders, (x)&#8239;replace such Lender by causing such Lender to (and such Lender shall be obligated to)
assign, at par, pursuant to <U>Section&#8239;10.07(b)</U>&#8239;(with the assignment fee to be paid by the Lead Borrower in such instance)
all of its rights and obligations under this Agreement to one or more Eligible Assignees, none of which shall constitute a Defaulting
Lender; <U>provided</U> that neither the Administrative Agent nor any Lender shall have any obligation to the Lead Borrower to find a
replacement Lender or other such Person; and <U>provided further</U> that (A)&#8239;in the case of any such assignment resulting from
a claim for compensation under <U>Section&#8239;3.04</U> or payments required to be made pursuant to <U>Section&#8239;3.01</U>, such assignment
will result in a reduction in such compensation or payments and (B)&#8239;in the case of any such assignment resulting from a Lender becoming
a Non-Consenting Lender, the applicable Eligible Assignees shall have agreed to, and shall be sufficient (together with all other consenting
Lenders) to cause the adoption of, the applicable departure, waiver or amendment of the Loan Documents; or (y)&#8239;terminate the Commitment
of such Lender and repay all Obligations of the Lead Borrower owing to such Lender relating to the Term Loans; provided that in the case
of any such termination of a Non-Consenting Lender such termination shall be sufficient (together with all other consenting Lenders)
to cause the adoption of the applicable departure, waiver or amendment of 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"></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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Any
Lender being replaced pursuant to <U>Section&#8239;3.07(a)</U>&#8239;above shall (i)&#8239;execute and deliver an Assignment and Assumption
with respect to such Lender&rsquo;s applicable Commitment and outstanding Term Loans, and (ii)&#8239;deliver any Term Notes evidencing
such Term Loans to the Lead Borrower or Administrative Agent. Pursuant to such Assignment and Assumption, (A)&#8239;the assignee Lender
shall acquire all or a portion, as the case may be, of the assigning Lender&rsquo;s Commitment and outstanding Term Loans, (B)&#8239;all
obligations of the Borrowers owing to the assigning Lender relating to the Term Loans, Commitments shall be paid in full by the assignee
Lender to such assigning Lender concurrently with such Assignment and Assumption and (C)&#8239;upon such payment and, if so requested
by the assignee Lender, delivery to the assignee Lender of the appropriate Term Note or Term Notes executed by the Borrowers, the assignee
Lender shall become a Lender hereunder and the assigning Lender shall cease to constitute a Lender hereunder with respect to such assigned
Term Loans and Commitments, except with respect to indemnification provisions under this Agreement, which shall survive as to such assigning
Lender. In connection with any such replacement, if any such Non-Consenting Lender or Defaulting Lender does not execute and deliver
to the Administrative Agent a duly executed Assignment and Assumption reflecting such replacement within five (5)&#8239;Business Days
of the date on which the assignee Lender executes and delivers such Assignment and Assumption to such Non-Consenting Lender or Defaulting
Lender, then such Non-Consenting Lender or Defaulting Lender shall be deemed to have executed and delivered such Assignment and Assumption
without any action on the part of the Non-Consenting Lender or Defaulting 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>In
the event that (i)&#8239;the Lead Borrower or the Administrative Agent has requested that the Lenders consent to a departure or waiver
of any provisions of the Loan Documents or agree to any amendment thereto, (ii)&#8239;the consent, waiver or amendment in question requires
the agreement of all affected Lenders in accordance with the terms of <U>Section&#8239;10.01</U> or all the Lenders with respect to a
certain Class&#8239;of the Term Loans and (iii)&#8239;the Required Lenders have agreed (but solely to the extent required by <U>Section&#8239;10.01</U>)
to such consent, waiver or amendment, then any Lender who does not agree to such consent, waiver or amendment shall be deemed a &ldquo;<U>Non-Consenting
Lender</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 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;3.08&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Survival</B>.
All of obligations of the Lead Borrower and the Co-Borrower under this <U>Article&#8239;III</U> shall survive termination of the Aggregate
Commitments and repayment of all other Obligations 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-align: center"><FONT STYLE="text-transform: uppercase"><B>Article&#8239;IV</B></FONT></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"><FONT STYLE="text-transform: uppercase"><B>Conditions
Precedent to Credit Extensions</B></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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;4.01&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Conditions
Precedent to Closing</B>. The obligation of each Lender to make the Initial Term Loans on the Closing Date is subject at the time of
the making of such Initial Term Loans to the satisfaction or waiver of the following 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Credit
Agreement</U>. This Agreement shall have been duly executed and delivered by the Borrowers and each Closing Date Guarantor.</P>

<P STYLE="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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Security</U>.
(i)&#8239; the U.S. Security Agreement for Foreign Guarantors shall have been executed and delivered by each Foreign Loan Party that is
a Closing Date Loan Party; and (ii)&#8239;the Pledge and Security Agreement shall have been duly executed and delivered by each Domestic
Loan Party that is a Closing Date 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"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>OpCo
DIP Credit Agreement</U>. (i)&#8239;The OpCo DIP Credit Agreement shall have been executed and delivered (or shall be executed and delivered
substantially concurrently with the consummation of the Transactions contemplated to occur on the Closing Date) by the OpCo DIP Loan
Parties party thereto the OpCo DIP Administrative Agent and the lenders party thereto, in form and substance reasonably satisfactory
to the Required Lenders, (ii)&#8239;the OpCo DIP Credit Agreement shall be in full force and effect immediately after giving effect to
the Transactions contemplated to occur on the Closing Date and (iii)&#8239;no &ldquo;Default&rdquo; or &ldquo;Event of Default&rdquo;
(each as defined in the OpCo DIP Credit Agreement) shall have occurred and be continuing, in each case, immediately after giving effect
to the Transactions contemplated to occur on the Closing 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"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Organization
Documents</U>. The Administrative Agent shall have received (i)&#8239;a copy of the Organization Documents, including all amendments thereto,
of each Borrower, certified, if applicable, as of a recent date by the Secretary of State of the state of its organization or similar
Governmental Authority, and a certificate as to the good standing or comparable certificate under applicable law (where relevant) of
each Borrower as of a recent date, from such Secretary of State or similar Governmental Authority, including with respect to the Lead
Borrower (A)&#8239;a certificate of non-registration of judicial decisions or of administrative dissolution without liquidation (<I>certificat
de non inscription d'une d&eacute;cision judiciaire ou de dissolution administrative sans liquidation</I>) delivered by the Luxembourg
Insolvency Register (<I>Reginsol, Registre de l'Insolvabilit&eacute;</I>) held and maintained by the R.C.S. Luxembourg dated on the Closing
Date, (B)&#8239;an excerpt (<I>extrait</I>) from the R.C.S. Luxembourg dated on the Closing Date, (ii)&#8239;a certificate of the Secretary
or Assistant Secretary or other Responsible Officer under applicable law of each Borrower dated the Closing Date and certifying (where
relevant) (A)&#8239;that attached thereto is a true and complete copy of the Organization Documents of such Borrower as in effect on the
Closing Date, (B)&#8239;that attached thereto is a true and complete copy of resolutions duly adopted by the board of directors or board
of managers (or equivalent governing body) of such Borrower authorizing the execution, delivery and performance of the Loan Documents
to which such Person is a party and the granting of Liens to secure the Loan Parties&rsquo; Obligations hereunder, and, in the case of
the Borrowers, the borrowings hereunder, and that such resolutions have not been modified, rescinded or amended and are in full force
and effect, (C)&#8239;that the Organization Documents of such Borrower have not been amended since the date of the last amendment thereto
shown on the certificate of good standing or comparable certificate under applicable law furnished pursuant to clause&#8239;(i)&#8239;above,
(D)&#8239;as to (if applicable) the incumbency and specimen signature of each Responsible Officer executing any Loan Document on behalf
of such Borrower and countersigned by another officer or manager as to the incumbency and specimen signature of the Secretary or Assistant
Secretary or comparable officer under applicable law executing the certificate pursuant to clause&#8239;(ii)&#8239;above, (E)&#8239;if required
by the articles of association or laws of the jurisdiction of its incorporation or organization of any Borrower (if applicable) or in
the context of any pledge of shares granted over the shares in the capital in any Borrower, a copy of a resolution of the general meeting
or a resolution in writing signed by all the holders of the issued shares (if applicable) of that company, (F)&#8239;if applicable, a
copy of a resolution signed by the supervisory board of the relevant Borrower, and (G)&#8239;such other matters that are customarily included
in a certificate of this nature in the jurisdiction of its incorporation or organization.</P>

<P STYLE="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"><FONT STYLE="font-size: 10pt">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Fees,
Etc</U>. Subject to the terms of the applicable DIP Order, all fees, premiums, payments, reasonable costs and expenses (including, without
limitation, reasonable and documented legal fees and expenses) and other compensation contemplated hereby, payable to the Agents (including
pursuant to the Agent Fee Letter), the Lenders (including pursuant to <U>Section&#8239;2.09</U>), or otherwise payable in respect of the
Transactions, in each case, shall have been paid (or shall be paid substantially concurrently with the consummation of the Transactions
on the Closing Date) to the extent due and payable on the Closing 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"><FONT STYLE="font-size: 10pt">(j)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>USA
PATRIOT Act</U>. The Administrative Agent and the Lenders shall have received (on or prior to the Closing Date) all documentation and
other information required by regulatory authorities with respect to the Borrowers reasonably requested in writing at least five (5)&#8239;Business
Days prior to the Closing Date by the Administrative Agent under applicable &ldquo;know your customer&rdquo; and anti-money laundering
rules&#8239;and regulations, including without limitation the USA PATRIOT 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"><FONT STYLE="font-size: 10pt">(k)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Restructuring
Related Deliverables</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: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Interim DIP Order (A)&#8239;shall have been entered by the Bankruptcy Court in the Chapter 11 Cases not later than four (4)&#8239;calendar
days after the Petition Date, (B)&#8239;shall be in full force and effect, and (C)&#8239;shall not have been vacated, reversed, stayed
modified or amended in any respect without the prior written consent of the Required Lenders;</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
OpCo Interim DIP Order (A)&#8239;shall have been entered by the Bankruptcy Court in the Chapter 11 Cases not later than four (4)&#8239;calendar
days after the Petition Date, (B)&#8239;shall be in full force and effect, and (C)&#8239;shall not have been vacated, reversed, stayed
modified or amended in any respect without the prior written consent of the Required Lenders;</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Loan Parties shall have delivered to the Ad Hoc Group&rsquo;s Advisors and the OpCo 2028 Term Lenders Ad Hoc Group&rsquo;s Advisors the
Initial Budget, in the form of Exhibit&#8239;2 of the Interim DIP Order or any other form which shall be in form and substance acceptable
to the Required Lenders;</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Interim DIP Order shall be effective to create, in favor of the Administrative Agent, for the benefit of the Secured Parties, a valid,
binding, enforceable, non-avoidable, and automatically and fully perfected Liens on, and security interests in, the Collateral of the
SHC Debtors, to the extent required by the Interim DIP Order and with the priority set forth 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"></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: 1.5in"><FONT STYLE="font-size: 10pt">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Administrative Agent shall have received (i)&#8239;an acknowledgment of senior liens from the Prepetition Super Holdco Agent and the Prepetition
Second Lien Collateral Trustee and (ii)&#8239;(x)&#8239;an amendment to the Prepetition Super Holdco Credit Agreement executed by the Lenders
party thereto providing for the payment subordination of the Prepetition Super HoldCo Secured Obligations to the Obligations under this
Agreement and (y)&#8239;pursuant to the Second Lien Intercreditor Agreement (as defined in the Prepetition Super Holdco Credit Agreement),
a copy of the notice applying the corresponding payment subordination terms to the Prepetition Second Lien Notes Obligations; 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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Closing Date shall have occurred on or before the date that is three (3)&#8239;Business Days after the date of the entry of the Interim
DIP Order.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;4.02&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>[Reserved].</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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;4.03&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>All
Credit Events</B>. The obligation of each Lender to make any Credit Extension (other than a Committed Loan Notice requesting only a conversion
of Term Loans to the other Type, or a continuation of SOFR Loans) is subject to the following conditions precedent:</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
representations and warranties of each Loan Party set forth in <U>Article&#8239;V</U> and in each other Loan Document shall be true and
correct in all material respects (except to the extent such representation or warranty is qualified by &ldquo;materiality&rdquo; or &ldquo;Material
Adverse Effect&rdquo;, in which case such representation or warranty shall be correct in all respects) on and as of the date of such
Credit Extension with the same effect as though made on and as of such date, except to the extent such representations and warranties
expressly relate to an earlier date, in which case they shall be true and correct in all material respects as of such earlier 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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>No
Default or Event of Default shall exist or would result from such proposed Credit Extension or from the application of the proceeds therefrom,
in each case, that has not 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Administrative Agent shall have received a Committed Loan Notice in respect of the requested Borrowing in accordance with the requirements
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"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Other
than with respect to the Credit Extension on the Closing Date, the Bankruptcy Court shall have entered the Final DIP Order, which shall
have been entered no later than thirty-five (35) days after the Petition Date and which shall be in full force and effect and shall not
have been reversed, vacated or stayed, and shall not have been amended, supplemented or otherwise modified without the prior written
consent of the Required Lenders;</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Administrative Agent, for the benefit of the Secured Parties, shall have valid, binding, enforceable, non-avoidable, and automatically
and fully and perfected Liens on, and security interests in, the Collateral (subject to the exceptions set forth in this Agreement and
the other Loan Documents), in each case, having the priorities set forth in the DIP Orders and subject only to Prior Liens and the payment
in full in cash of any amounts due under the Carve Out; 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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Restructuring Support Agreement is in full force and effect, and no breach, default or event of default shall have occurred and be continuing
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-align: justify">Each Committed Loan Notice requesting a Credit
Extension (other than a Committed Loan Notice requesting only a conversion of Term Loans to the other Type, or a continuation of SOFR
Loans) submitted by the Lead Borrower after the Closing Date shall be deemed to be a representation and warranty that the conditions
specified in <U>Sections&#8239;4.03 (a)</U>&#8239;and <U>(b)</U>&#8239;have been satisfied on and as of the date of the applicable Credit
Extension.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For purposes of determining compliance with the
conditions specified in Sections 4.01 and 4.03 on the Closing Date, each Lender that has signed or authorized the signing of this Agreement
shall be deemed to have been satisfied with each document or other matter under Sections 4.01 and 4.03 that is required to be acceptable
or satisfactory to a Lender unless the Administrative Agent and the Lead Borrower shall have received written notice from such Lender
prior to the Closing Date specifying its objection 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-align: center"><FONT STYLE="text-transform: uppercase"><B>Article&#8239;V</B></FONT></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"><FONT STYLE="text-transform: uppercase"><B>Representations
and Warranties</B></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: justify; text-indent: 0.5in">Each of the Loan Parties
represents and warrants to the Agents and the Lenders on the Closing Date and at the time of each Credit Extension 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; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;5.01&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Existence,
Qualification and Power; Compliance with Laws</B>. Each SHC Debtor is a debtor in the Chapter 11 Cases. Each Loan Party (a)&#8239;is a
Person duly organized or formed, validly existing and in good standing under the Laws of the jurisdiction of its incorporation or organization
(to the extent such concept exists in such jurisdiction), (b)&#8239;has all requisite power and authority to (i)&#8239;own or lease its
assets and carry on its business as currently conducted and (ii)&#8239;execute, deliver and perform its obligations under the Loan Documents
to which it is a party, (c)&#8239;is duly qualified and in good standing (to the extent such concept exists in such jurisdiction) under
the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification,
(d)&#8239;is in compliance with all Laws, orders, writs and injunctions and (e)&#8239;has all requisite governmental licenses, authorizations,
consents and approvals to operate its business as currently conducted; except, in each case referred to in clause&#8239;(a)&#8239;(other
than with respect to each Borrower), (b)(i)&#8239;(other than with respect to each Borrower), (c), (d)&#8239;or (e), to the extent that
failure to do so could not reasonably be expected to have 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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;5.02&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Authorization;
No Contravention</B>. Subject to entry of the DIP Orders, the execution, delivery and performance by each Loan Party of each Loan Document
to which such Person is a party, and the consummation of the Transactions, are within such Loan Party&rsquo;s corporate or other powers,
(a)&#8239;have been duly authorized by all necessary corporate or other organizational action, and (b)&#8239;do not (i)&#8239;contravene
the terms of any of such Person&rsquo;s Organization Documents, (ii)&#8239;conflict with or result in any breach or contravention of,
or the creation of any Lien under (other than as permitted by <U>Section&#8239;7.01</U>), or require any payment to be made under (x)&#8239;any
Contractual Obligation to which such Person is a party or affecting such Person or the properties of such Person (other than the DIP
Orders, the Restructuring Support Agreement and the Chapter 11 Plan) or (y)&#8239;any material order, injunction, writ or decree of any
Governmental Authority or any arbitral award to which such Person or its property is subject, or (iii)&#8239;violate any material Law;
except with respect to any conflict, breach, contravention or payment (but not the creation of any Lien) referred to in clause&#8239;(ii)(x),
to the extent that such conflict, breach, contravention or payment could not reasonably be expected to have 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"></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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;5.03&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Governmental
Authorization; Other Consents</B>. (a)&#8239;Subject to entry of the DIP Orders, no approval, consent, exemption, authorization, or other
action by, or notice to, or filing with, any Governmental Authority or any other Person is necessary or required in connection with (a)&#8239;the
execution, delivery or performance by, or enforcement against, any Loan Party of this Agreement or any other Loan Document, or for the
consummation of the Transactions, (b)&#8239;the grant by any Loan Party of the Liens granted by it pursuant to the Collateral Documents,
(c)&#8239;the perfection or maintenance of the Liens created under the Collateral Documents (including the priority thereof) or (d)&#8239;the
exercise by the Administrative Agent or any Lender of its rights under the Loan Documents or the remedies in respect of the Collateral
pursuant to the Collateral Documents, except for (i)&#8239;filings and registrations necessary to perfect, as applicable, the Liens or
register the Collateral granted by the Loan Parties in favor of the Secured Parties, (ii)&#8239;the approvals, consents, exemptions, authorizations,
actions, notices and filings which have been (or, within the applicable period set out in the relevant Collateral Document, will be)
duly obtained, taken, given or made and are or (within such applicable period will be) in full force and effect (except to the extent
not required to be obtained, taken, given or made or in full force and effect pursuant to the Collateral and Guarantee Requirement) and
(iii)&#8239;those approvals, consents, exemptions, authorizations or other actions, notices or filings, the failure of which to obtain
or make could not reasonably be expected to have 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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Any
Luxembourg Loan Party has carried out its activities and will continue to carry out its activities in a manner which complies with all
relevant regulatory requirements regarding activities of the financial sector and in a manner which does not require it to be authorized
under the Luxembourg Act, dated April&#8239;5, 1993, on the financial sector, as amended.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;5.04&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Binding
Effect</B>. This Agreement and each other Loan Document has been duly executed and delivered by each Loan Party that is a party thereto.
Subject to entry of the DIP Orders, this Agreement and each other Loan Document constitute legal, valid and binding obligations of such
Loan Party, enforceable against each Loan Party that is a party thereto in accordance with its terms, except as such enforceability may
be limited by (i)&#8239;the DIP Orders, (ii)&#8239;the need for filings, registrations and, with respect to Collateral owned by Foreign
Loan Parties, any other perfection steps necessary to create or perfect or register the Liens on the Collateral granted by the Loan Parties
that are not SHC Debtors in favor of the Secured Parties and (iii)&#8239;the effect of and restrictions under foreign Laws, rules&#8239;and
regulations as they relate to pledges, if any, of Equity Interests in Foreign Loan Parties, intercompany Indebtedness owed by Foreign
Loan Parties and any Collateral of Foreign 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 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;5.05&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Financial
Statements; No Material Adverse Effect</B>. (a)&#8239;To the knowledge of the Lead Borrower, the Annual Financial Statements and the Quarterly
Financial Statements fairly present in all material respects the financial condition of Americas Styrenics as of the dates thereof and
the results of operations for the periods covered thereby in accordance with GAAP consistently applied throughout the periods covered
thereby, (A)&#8239;except as otherwise expressly noted therein and (B)&#8239;subject, in the case of the Quarterly Financial Statements,
to changes resulting from normal year-end adjustments and absence of footnotes.</P>

<P STYLE="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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Since
the execution of the Restructuring Support Agreement, there has been no event or circumstance, either individually or in the aggregate,
that has had or could reasonably be expected to have a Material Adverse Effect.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;5.06&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Litigation</B>.
Except the commencement of the Chapter 11 cases, there are no actions, suits, proceedings, claims or disputes pending or, threatened
in writing, at law, in equity, in arbitration or before any Governmental Authority, by or against any Loan Party or against any of their
properties or revenues that either individually or in the aggregate, could reasonably be expected to have 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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;5.07&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Ownership
of Property; Liens</B>. (a)&#8239;Each of the Loan Parties has good record and marketable title in fee simple to, or valid leasehold interests
in, all Real Property necessary or used in the ordinary conduct of its business, except for such defects in title that, either individually
or in the aggregate, could not reasonably be expected to have 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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;5.08&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Environmental
Matters</B>. Except as disclosed in <U>Schedule 5.08(a)</U>&#8239;or except as could not reasonably be expected to have, individually
or in the aggregate, a Material Adverse Effect:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(i)</FONT></TD><TD STYLE="text-align: justify">each
                                            Loan Party is in compliance with all applicable Environmental Laws, and has obtained, and
                                            is in compliance with, all Environmental Permits required of any of them under applicable
                                            Environmental Laws;</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: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(ii)</FONT></TD><TD STYLE="text-align: justify">there
                                            are no claims, proceedings, investigations or actions by any Governmental Authority or other
                                            Person pending, or to the knowledge of the Lead Borrower, threatened in writing, under any
                                            Environmental Law or to revoke, suspend or modify any Environmental Permit held by any of
                                            the Loan Parties under applicable Environmental Laws;</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: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(iii)</FONT></TD><TD STYLE="text-align: justify">none
                                            of the Loan Parties has agreed to assume or accept responsibility, by contract or otherwise,
                                            for any Environmental Liability of any other Person; and</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: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(iv)</FONT></TD><TD STYLE="text-align: justify">there
                                            are no facts, circumstances or conditions relating to the past or present business or operations
                                            of any of the Loan Parties or any of their respective predecessors (including the disposal
                                            of any wastes, hazardous substances or other materials), or to any Real Property at any time
                                            owned, leased or operated by any of them, that could reasonably be expected to give rise
                                            to any Environmental Liability on the part of the Loan Parties.</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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;5.09&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Taxes</B>.
Subject to applicable bankruptcy law, the terms of the DIP Orders and any required approval or order by the Bankruptcy Court, except
as would not, either individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect, each of the Loan
Parties have timely filed all returns, statements, forms and reports for Taxes required to be filed, and such returns accurately reflect
all liability for Taxes of the Loan Parties for the periods covered thereby, except to the extent that such filing is stayed by the commencement
of the Chapter 11 Cases. Except as would not, either individually or in the aggregate, reasonably be expected to result in a Material
Adverse Effect, each of the Loan Parties have timely paid all Taxes levied or imposed upon them or their properties that are due and
payable (including in their capacity as a withholding agent), except (i)&#8239;to the extent that such payment is stayed by the commencement
of the Chapter 11 Cases or (ii)&#8239; those which are being contested in good faith by appropriate proceedings diligently conducted and
for which adequate reserves have been provided in accordance with GAAP if such contest shall have the effect of suspending enforcement
or collection of such Taxes. There is no action, suit, proceeding, investigation, audit, or claim now pending or, to the best knowledge
of the Loan Parties, threatened by any authority regarding any Taxes relating to the Loan Parties, nor is there any proposed Tax deficiency
or assessment known to any Loan Parties against the Loan Parties that would, if made, individually or in the aggregate, have 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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;5.10&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>ERISA
Compliance</B>. (a)&#8239;Except as could not, either individually or in the aggregate, reasonably be expected to result in a Material
Adverse Effect, each Pension Plan is in compliance in form and operation with its terms and with the applicable provisions of ERISA,
the Code and all other applicable Laws and regulations.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>(i)&#8239;No
ERISA Event has occurred during the five year period prior to the date on which this representation is made or deemed made; (ii)&#8239;no
Loan Party or ERISA Affiliate has incurred, or reasonably expects to incur, any liability under Title IV of ERISA with respect to any
Pension Plan (other than premiums due and not delinquent under Section&#8239;4007 of ERISA); (iii)&#8239;no Loan Party or ERISA Affiliate
has incurred, or reasonably expects to incur, any liability (and no event has occurred which, with the giving of notice under Section&#8239;4219
of ERISA, would result in such liability) under Sections 4201 or 4243 of ERISA with respect to a Multiemployer Plan; and (iv)&#8239;no
Loan Party or ERISA Affiliate has engaged in a transaction that could reasonably be expected to be subject to Sections 4069 or 4212(c)&#8239;of
ERISA; except, with respect to each of the foregoing clauses (i)&#8239;through (iv)&#8239;of this <U>Section&#8239;5.10(b)</U>, as could
not reasonably be expected, individually or in the aggregate, 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"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Except
as could not reasonably be expected to result in a Material Adverse Effect: (i)&#8239;each Foreign Pension Plan maintained or administered
by a Loan Party has been maintained in compliance with its terms and with the requirements of any and all applicable laws, statutes,
rules, regulations and orders and has been maintained, where required, in good standing with applicable regulatory authorities; (ii)&#8239;all
contributions required to be made by a Loan Party with respect to a Foreign Pension Plan have been timely made and the Loan Parties have
not incurred any obligation in connection with the termination of, or withdrawal from, any Foreign Pension Plan; and (iii)&#8239;each
Foreign Pension Plan maintained or administered by the Loan Party is funded to the extent required by Law or otherwise to comply with
the requirements of any material Law applicable in the jurisdiction in which such Foreign Pension Plan is maintained.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;5.11&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Subsidiaries;
Equity Interests</B>. As of the Closing Date, (a)&#8239;the Loan Parties (other than Parent) are direct and indirect wholly-owned Subsidiaries
of Parent and (b)&#8239;the Co-Borrower is a wholly-owned Subsidiary of Holdings. All of the outstanding Equity Interests owned by the
Loan Parties in such Subsidiaries have been validly issued and are fully paid and all Equity Interests owned by a Loan Party in such
Subsidiaries are owned free and clear of all Liens except (i)&#8239;those created under the Collateral Documents and (ii)&#8239;any Lien
that is permitted under <U>Section&#8239;7.01</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"></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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;5.12&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Margin
Regulations; Investment Company Act</B>. (a)&#8239;No Borrower is engaged nor will it 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 proceeds of any Borrowings will be used for any purpose that violates Regulation 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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>None
of the Borrowers or any other Loan Party is, or is required to be, registered as an &ldquo;investment company&rdquo; under the Investment
Company Act of 1940.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;5.13&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Disclosure</B>.
To the best knowledge of the Lead Borrower, no report, financial statement, certificate or other written information furnished by or
on behalf of any Loan Party (other than projected financial information, <U>pro forma</U> financial information and information of a
general economic or industry nature) to any Agent or any Lender in connection with the transactions contemplated hereby and the negotiation
of this Agreement or delivered hereunder or any other Loan Document (as modified or supplemented by other information so furnished) when
taken as a whole contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein
(when taken as a whole), in the light of the circumstances under which they were made, not materially misleading. With respect to projected
financial information and <U>pro forma</U> financial information, the Borrowers represent that such information was prepared in good
faith based upon assumptions believed to be reasonable at the time of preparation of such materials; it being understood that such projections
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">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;5.14&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Designation</B>.
As of the Closing Date and at all times thereafter, each of the Co-Borrower, Holdings, Altuglas and Aristech are and shall remain an
 &ldquo;Unrestricted Subsidiary&rdquo; of the Trinseo Lead Borrower and its Restricted Subsidiaries for purposes of, in accordance with
and pursuant to the Prepetition OpCo Credit Agreement, the Prepetition Super-Priority Revolving Credit Agreement and any other Indebtedness
of the Trinseo Lead Borrower and its Restricted Subsidiaries at any time outstanding, including without limitation, any refinancing Indebtedness
of 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 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;5.15&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Intellectual
Property; Licenses, Etc</B>. Trinseo Europe owns or otherwise has the right to license to Aristech and Altuglas, as applicable, the Specified
IP Rights licensed under the applicable Specified IP License Agreement. To the knowledge of Trinseo Europe, Aristech and Altuglas, respectively,
no use of Specified IP Rights, or the operation of their respective businesses as currently conducted, including the use, manufacture,
or sale of any product, infringes or misappropriates upon any IP Rights held by any Person. Other than Trinseo Europe, Aristech and Altuglas,
no other Loan Party owns, licenses or possesses the right to use any Specified IP Rights in North America. No written claim, written
accusations of infringements or litigation regarding any of the IP Rights is pending or, to the knowledge of each Loan Party, threatened
in writing against any 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"></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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;5.16&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>[Reserved]</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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;5.17&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Subordination
of Junior Financing</B>. The Obligations are &ldquo;Senior Debt,&rdquo; &ldquo;Senior Indebtedness,&rdquo; &ldquo;Guarantor Senior Debt&rdquo;
or &ldquo;Senior Secured Financing&rdquo; (or any comparable term) under, and as defined in, any Junior Financing Documentation.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;5.18&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Collateral
Documents</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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Subject
to, and upon entry of, the DIP Orders, the DIP Orders and the other Collateral Documents, together with such filings and other actions
required to be taken hereby or by the applicable Collateral Documents with respect to any Loan Parties that are not SHC Debtors (and
subject to the effect of and applicable restrictions under foreign Laws, rules&#8239;and regulations as they relate to pledges, if any,
of Equity Interests in Foreign Loan Parties, intercompany Indebtedness owed by Foreign Loan Parties and any Collateral of Foreign Loan
Parties, and subject to other perfection requirements specifically set out in the Security Documents), are effective to create in favor
of the Administrative Agent for the benefit of the Secured Parties, a legal, valid, enforceable, non-avoidable and automatically and
fully perfected security interest in the Collateral described therein and pledged under the Loan Documents and the DIP Orders, in each
case, to the extent required by the Loan Documents and the DIP Orders, having the priorities set forth in the DIP Orders and subject
only to the Carve-Out, Prior Liens and other exceptions set forth in the DIP Orders and the Loan Documents. Upon entry of the DIP Orders,
the Administrative Agent shall have a legal, valid, enforceable, non-avoidable and automatically and fully perfected security interest
in all right, title and interest in the Collateral of the SHC Debtors, as security for the Obligations, to the extent required by the
DIP Orders, having the priorities set forth in the DIP Orders and subject only to the Carve-Out, Prior Liens and other exceptions set
forth in the DIP Orders.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Pursuant
to and to the extent provided in the DIP Orders, no filing or other action will be necessary to perfect or protect such Liens and security
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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Pursuant
to and to the extent provided in the DIP Orders, the Obligations of the SHC Debtors under this Agreement will constitute allowed superpriority
administrative expense claims in the Chapter 11 Cases under section 364(c)&#8239;of the Bankruptcy Code, having priority over all administrative
expense claims and unsecured claims against such SHC Debtors now existing or hereafter arising, of any kind whatsoever, including, without
limitation, all administrative expense claims of the kind specified in sections 503(b)&#8239;and 507(b)&#8239;of the Bankruptcy Code on
a joint and several basis and all superpriority administrative expense claims granted to any other Person, subject only to the Carve-Out
and other exceptions set forth in the DIP Orders, which claims shall have recourse to all of the SHC Debtors&rsquo; 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 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;5.19&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Centre
of Main Interest</B>. For the purposes of the Insolvency Regulation, the Centre of Main Interest of each Guarantor and each Borrower
that is incorporated in a jurisdiction within the European Union is situated in the jurisdiction of its registered office and it has
no &ldquo;establishment&rdquo; (as that term is used in Article&#8239;2(10)&#8239;of the Insolvency Regulation) 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"></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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;5.20&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Pensions
Act</B>. (a)&#8239;No Loan Party is or has been an employer (for the purposes of sections 38 to 51 of the Pensions Act 2004) of an occupational
pension scheme which is not a money purchase scheme (both terms as defined in the Pension Schemes Act 1993 as amended).</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>No
Loan Party is or has been &ldquo;connected&rdquo; with or an &ldquo;associate&rdquo; of (as those terms are used in sections 39 and 43
of the 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 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;5.21&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>[Reserved</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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;5.22&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>USA
Patriot Act, Anti-Corruption Laws, Anti-Money Laundering Laws and Sanctions</B>(a)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>.
(a)&#8239;The Loan Parties and their respective directors, officers and employees and, to the knowledge of the Loan Parties, the agents
of the Loan Parties, are in compliance with all applicable Sanctions and with the Foreign Corrupt Practices Act of&#8239;1977, as amended,
and the rules&#8239;and regulations thereunder (the &ldquo;<U>FCPA</U>&rdquo;) and any other applicable anti-corruption law, in all material
respects. The Borrower and its Subsidiaries have instituted and maintain policies and procedures designed to ensure continued compliance
with applicable Sanctions, the FCPA and any other applicable anti-corruption 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>None
of the Loan Parties, or any director, officer, or to the knowledge of the Loan Parties, any controlled Affiliate of any of the Loan Parties
is an individual or entity (&ldquo;<U>person</U>&rdquo;) that is, or is owned or controlled by persons that are: (i)&#8239;the subject
of any sanctions administered or enforced by the U.S. Department of the Treasury&rsquo;s Office of Foreign Assets Control (&ldquo;<U>OFAC</U>&rdquo;),
the U.S. Department of State, the United Nations Security Council, the European Union, His Majesty&rsquo;s Treasury, the Swiss State
Secretariat for Economic Affairs SECO or the Swiss Directorate of International Law, or other relevant sanctions authority (collectively,
 &ldquo;<U>Sanctions</U>&rdquo;), or (ii)&#8239;located, organized or resident in a country or territory that is the subject of Sanctions
(including Crimea, the so-called Luhansk People&rsquo;s Republic, the so-called Donetsk People&rsquo;s Republic, Cuba,&#8239;Iran, North
Korea and Syria).</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>(i)&#8239;None
of the Loan Parties will directly or indirectly, use the proceeds of the Term Loans in violation of applicable Sanctions or otherwise
knowingly make available such proceeds to any Person for the purpose of financing the activities or business of or with any Sanctioned
Person, or in any Sanctioned Country, (ii)&#8239;none of the Loan Parties, their respective directors, officers or employees or, to the
knowledge of Parent, any controlled Affiliate of the Loan Parties or their respective Subsidiaries that will act in any capacity in connection
with or benefit from the Term Loans, is a Sanctioned Person and (iii)&#8239;none of the Loan Parties, to the knowledge of the Loan Parties,
their respective directors, officers and employees are in violation of applicable Sanctions in any material respect.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>In
relation to each Restricted Lender, the undertakings set forth in this Section&#8239;5.22 shall only apply for the benefit of that Restricted
Lender to the extent that it would not result in any violation of, conflict with or liability under any applicable anti-boycott or blocking
law, regulation or statute that is in force from time to time in the European Union (and/or any of its member states) or the United Kingdom
that are applicable to such entity (including EU Regulation (EC) 2271/96 and section 7 of the German Foreign Trade Regulation (<I>Au&szlig;enwirtschaftsverordnung</I>)
in connection with the German Foreign Trade Act (<I>Au&szlig;enwirtschaftsgesetz</I>), and any similar anti-boycott or blocking 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"></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"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>In
connection with any amendment, waiver, determination or direction relating to any part of the representations and warranties set forth
in this Section&#8239;5.22 which a Restricted Lender does not have the benefit pursuant to the foregoing paragraph, the Commitments of
that Restricted Lender will be excluded for the purpose of determining whether any applicable consent threshold has been obtained or
whether the determination or direction by the applicable consent threshold required to make the relevant determination or direction has
been 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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;5.23&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Luxembourg
Specific Representations</B>. (i)&#8239;Each Luxembourg Loan Party is in compliance with the Luxembourg Act dated May&#8239;31, 1999 on
the domiciliation of companies, as amended from time to time and all related regulations and (ii)&#8239;the head office (<I>administration
centrale</I>), the place of effective management (<I>si&egrave;ge de direction effective</I>) and (for the purposes of the Insolvency
Regulation) the center of main interests (<I>centre des int&eacute;r&ecirc;ts principaux</I>) of each Luxembourg Loan Party in Luxembourg
is located at the place of its registered office (<I>si&egrave;ge statutaire</I>) in Luxembourg.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;5.24&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>No
Public Financial Support in Connection with the Covid-19 Pandemic. </B>No Swiss Guarantor has obtained any loan, surety, guarantee, non-refundable
contribution or other financial support under any public financial support schemes pursuant to the Swiss Federal Act on the Statutory
Principles for Federal Council Ordinances on Combating the COVID-19 Epidemic (SR 818.102), the Swiss Federal Act on Loans with Joint
and Several Surety as a Result of Coronavirus (SR 951.26), the Swiss Ordinance on Hardship Measures for Companies in Connection with
the COVID-19 Epidemic (SR 951.262) or any similar federal or cantonal scheme in Switzerland.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;5.25&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Budget;
Variance Report. </B>The Initial Budget, each Approved Budget and each Updated Budget is based upon good faith estimates and assumptions
believed by management of the Borrowers to be reasonable at the time made, in light of the circumstances under which they were made,
it being recognized by the Administrative Agent and the Lenders that such financial information as it relates to future events is not
to be viewed as fact, such financial information as it relates to future events are subject to uncertainties and contingencies, many
of which are beyond the Borrowers&rsquo; control, no assurance can be given that such financial information as it relates to future events
will be realized and that actual results during the period or periods covered by such financial information may differ from the projected
results set forth therein and such differences may be material. From and after the delivery of any Variance Report in accordance with
this Agreement, such Variance Report shall be true, complete and correct in all material respects and fairly represent in all material
respects the results of operations of the Borrowers and their Subsidiaries for the period covered thereby and in the detail to be covered
thereby.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;5.26&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Orders.
</B>Prior to the entry of the Final DIP Order, the Interim DIP Order is in full force and effect and has not been vacated, reversed or
rescinded, amended or modified without the prior written consent of the Required Lenders, and no appeal of such Interim DIP Order has
been timely filed or, if timely filed, no stay pending such appeal is currently effective. After entry of the Final DIP Order, such Final
DIP Order is in full force and effect and has not been vacated, reversed or rescinded, amended or modified without the prior written
consent of the Required Lenders, and no appeal of such Final DIP Order has been timely filed or, if timely filed, no stay pending such
appeal is currently effective.</P>

<P STYLE="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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;5.27&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Bankruptcy
Matters.</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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Chapter 11 Cases were validly commenced on the Petition Date, and (x)&#8239;proper notice under the circumstances of the motion seeking
approval of the Loan Documents and entry of the DIP Orders was given, and (y)&#8239;the hearing for the approval of the Interim DIP Order
has been held by the Bankruptcy 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>After
the entry of the DIP Orders, the Obligations will constitute DIP Superpriority Claims and the liens securing the Obligations shall be
senior secured, valid, enforceable, and automatically and properly perfected priming liens on the Collateral, having the priorities set
forth in the DIP Orders, subject in all respects to the Carve-Out, Prior Liens, and other exceptions set forth in the DIP Orders and
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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;5.28&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Insolvency.
</B>No insolvency proceeding has been commenced with respect to any German Loan Party and none of the German Loan Parties is unable to
pay its debts or insolvent.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;5.29&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Centre
of Main Interest. </B>The Centre of Main Interest of each German Loan Party is situated in Germany.</P>

<P STYLE="font: 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="text-transform: uppercase"><B>Article&#8239;VI</B></FONT></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"><FONT STYLE="text-transform: uppercase"><B>Affirmative
Covenants</B></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: justify; text-indent: 0.5in">So long as any Lender shall
have any Commitment hereunder, any Term Loan or other Obligation (other than contingent indemnification obligations as to which no claim
has been asserted) hereunder which is accrued and payable shall remain unpaid or unsatisfied, then from and after the Closing Date, each
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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;6.01&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Financial
Statements</B>. (a)&#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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Deliver
to the Administrative Agent for prompt further distribution to each Lender, within forty-five (45) days after the end of each fiscal
quarter of each fiscal year of Parent completed after the Closing Date, a consolidated statements of cash flows for such fiscal quarter,
certified by a Responsible Officer of Parent or a Borrower as to the best of his or her knowledge, fairly presenting in all material
respects the financial condition, results of operations, stockholders&rsquo; equity and cash flows of Parent and its Subsidiaries in
accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes; 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Deliver
to the Administrative Agent for prompt further distribution to each Lender, within thirty (30) days after the end of each month of each
fiscal quarter of Parent completed after the Closing Date, a consolidated balance sheet of Parent and its Subsidiaries as at the end
of such month and the related consolidated statements of income or operations for such month, certified by a Responsible Officer of Parent
or a Borrower as to the best of his or her knowledge, fairly presenting in all material respects the financial condition, results of
operations, stockholders&rsquo; equity and cash flows of Parent and its Subsidiaries in accordance with GAAP, subject only to normal
year-end audit adjustments and the absence of footnotes.</P>

<P STYLE="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">Notwithstanding the foregoing,
the obligations in this <U>Section&#8239;6.01</U> may be satisfied with respect to financial information of the Parent and its Subsidiaries
by furnishing the Parent&rsquo;s (or any parent&rsquo;s) Form&#8239;10-K or 10-Q, as applicable, filed with the SEC.</P>

<P STYLE="font: 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">Documents required to be
delivered pursuant to this <U>Section&#8239;6.01</U> and <U>Section&#8239;6.02</U> may be delivered electronically and if so delivered,
shall be deemed to have been delivered on the date on which such documents are posted on the Lead Borrower&rsquo;s behalf on IntraLinks/IntraAgency
or another relevant website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party
website or whether sponsored by the Administrative Agent); <U>provided</U> that: (i)&#8239;upon written request by the Administrative
Agent, the Lead Borrower shall deliver paper copies of such documents (which may be electronic copies delivered via electronic mail)
to the Administrative Agent for further distribution to each Lender until a written request to cease delivering paper copies is given
by the Administrative Agent and (ii)&#8239;the Lead Borrower shall notify (which may be by facsimile or electronic mail) the Administrative
Agent of the posting of any such documents and provide to the Administrative Agent by electronic mail electronic versions (<U>i.e.</U>,
soft copies) of such 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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;6.02&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Certificates;
Other Information</B>. Deliver to the Administrative Agent for prompt further distribution to each 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>promptly,
such additional information regarding the business, legal, financial or corporate affairs of the Loan Parties, or compliance with the
terms of the Loan Documents as the Administrative Agent or any Lender may from time to time reasonably 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;6.03&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Notices</B>.
Promptly after a Responsible Officer of any Loan Party has obtained actual knowledge thereof, notify the Administrative Agent for prompt
further notification to each 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>of
the occurrence of any Default or &ldquo;Default&rdquo; (as such term is defined in the OpCo DIP Credit Agreement) under the OpCo DIP
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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>of
the occurrence of an ERISA Event which could reasonably be expected to result in a Material Adverse Effect or the occurrence of an &ldquo;ERISA
Event&rdquo; (as such term is defined in the OpCo DIP Credit Agreement) under the OpCo DIP Credit Agreement which could reasonably be
expected to result in a &ldquo;Material Adverse Effect&rdquo; (as such term is defined in the OpCo DIP 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"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>of
the filing or commencement of, or any written threat or written notice of intention of any person to file or commence, any action, suit,
litigation or proceeding, whether at law or in equity by or before any Governmental Authority, against (i)&#8239;the Lead Borrower or
any other Loan Party that could in each case reasonably be expected to result in a Material Adverse Effect or (ii)&#8239;Trinseo Lead
Borrower or any Trinseo Loan Party that could in each case reasonably be expected to result in a &ldquo;Material Adverse Effect&rdquo;
(as such term is defined in the OpCo DIP 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"></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">Each notice pursuant to this
Section&#8239;shall be accompanied by a written statement of a Responsible Officer of the Lead Borrower (x)&#8239;that such notice is being
delivered pursuant to <U>Section&#8239;6.03(a)</U>, <U>(b)</U>&#8239;or <U>(c)</U>&#8239;(as applicable) and (y)&#8239;setting forth details
of the occurrence referred to therein and stating what action the Lead Borrower or the respective Loan Party has taken and proposes to
take with respect thereto (or in the case of notices delivered under the OpCo DIP Credit Agreement, stating what action the Trinseo Lead
Borrower or any Trinseo Loan Party has taken or proposes to take with respect 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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;6.04&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Payment
of Taxes</B>. Subject to applicable bankruptcy law, the terms of the DIP Orders and any required approval or order by the Bankruptcy
Court, pay, discharge or otherwise satisfy, as the same shall become due and payable in the normal conduct of its business, all its obligations
and liabilities in respect of Taxes imposed upon it or upon its income or profits or in respect of its property, except, in each case,
to the extent (i)&#8239;any such Tax is being contested in good faith and by appropriate proceedings for which appropriate reserves have
been established in accordance with GAAP, (ii)&#8239;such payment is stayed by the commencement of the Chapter 11 Cases or (iii)&#8239;or
the failure to pay or discharge would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;6.05&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Preservation
of Existence, Etc</B>. (a)&#8239;Preserve, renew and maintain in full force and effect its legal existence under the Laws of the jurisdiction
of its organization and (b)&#8239;take all reasonable action to maintain all rights, privileges (including its good standing where applicable
in the relevant jurisdiction), permits, licenses and franchises necessary or desirable in the normal conduct of its 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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;6.06&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Maintenance
of Properties</B>. Except (i)&#8239;if the failure to do so could not reasonably be expected to have, individually or in the aggregate,
a Material Adverse Effect or (ii)&#8239;for Dispositions permitted by <U>Section&#8239;7.05</U> (a)&#8239;maintain, preserve and protect
all of its material tangible properties and equipment necessary in the operation of its business in as good a working order, repair and
condition, as they were in on the date hereof, ordinary wear and tear excepted and fire, casualty or condemnation excepted, (b)&#8239;make
all necessary renewals, replacements, modifications, improvements, upgrades, extensions and additions thereof or thereto in accordance
with prudent industry practice and in the normal conduct of its business, and (c)&#8239;maintain or renew all of its registered or issued
intellectual property.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;6.07&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Maintenance
of Insurance</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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Generally</U>.
Maintain, with financially sound and reputable insurance companies, insurance with respect to its properties and business against loss
or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts
(after giving effect to any self-insurance reasonable and customary for similarly situated Persons engaged in the same or similar businesses
as the Loan Parties) as are customarily carried under similar circumstances by such other Persons, including comprehensive &ldquo;all
risk&rdquo; or special causes of loss form insurance and commercial general liability insurance.</P>

<P STYLE="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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Requirements
of Insurance</U>. All such insurance shall, to the extent customary in the applicable jurisdiction, name the Collateral Agent as additional
insured on behalf of the Secured Parties (in the case of liability insurance) or loss payee (in the case of property insurance), 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-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>Flood
Insurance</U>. With respect to each Mortgaged Property, obtain flood insurance in such total amount as the Administrative Agent may from
time to time reasonably require, if at any time the area in which any improvements located on any Mortgaged Property is designated a
</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">flood hazard area</FONT>&rdquo; <FONT STYLE="font-family: Times New Roman, Times, Serif">in
any Flood Insurance Rate Map published by the Federal Emergency Management Agency (or any successor agency), and otherwise comply with
the Flood Laws.</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>If
the Borrowers shall fail to maintain insurance in accordance with this <U>Section&#8239;6.07</U>, or if the Borrowers shall fail to so
endorse and deposit all policies or certificates with respect thereto, the Administrative Agent shall have the right (but shall be under
no obligation) to procure such insurance and the Borrowers agree to reimburse the Administrative Agent for all costs and expenses of
procuring such insurance. The provisions of this <U>Section&#8239;6.07</U> shall be deemed supplemental to, but not duplicative of, the
provisions of any Collateral Documents that require the maintenance of insurance.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;6.08&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Compliance
with Laws</B>. Comply in all material respects with the requirements of all Laws and all orders, writs, injunctions and decrees applicable
to it or to its business or property, except, in each case, if the failure to comply therewith could not reasonably be expected to have,
individually or in the aggregate, a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;6.09&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Books
and Records</B>. Maintain proper books of record and account, in which entries that are full, true and correct in all material respects
and are in conformity with GAAP consistently applied and which reflect all material financial transactions and matters involving the
assets and business of the Borrowers, as the case may be (it being understood and agreed that certain Foreign Loan Parties maintain individual
books and records in conformity with generally accepted accounting principles in their respective countries of organization and that
such maintenance shall not constitute a breach of the representations, warranties or covenants 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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;6.10&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Inspection
Rights</B>. Permit representatives and independent contractors of the Administrative Agent and each Lender to visit and inspect any of
such Loan Party&rsquo;s properties, to examine such Person&rsquo;s corporate, financial and operating records, and make copies thereof
or abstracts therefrom, and to discuss such Person&rsquo;s affairs, finances and accounts with its directors, officers, and independent
public accountants (subject to such accountants&rsquo; customary policies and procedures), all at the reasonable expense of the Borrowers
and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to
the Borrowers; <U>provided</U> that the Administrative Agent and the Lenders shall not exercise such rights more often than two (2)&#8239;times
in the aggregate during any calendar year and only one (1)&#8239;such time shall be at the Borrowers&rsquo; expense; <U>provided further</U>
that when an Event of Default has occurred and is continuing, the Administrative Agent and the Lenders (or any of their respective representatives
or independent contractors) may do any of the foregoing at the expense of the Borrowers at any time during normal business hours and
upon reasonable advance notice. The Administrative Agent and the Lenders shall give the Borrowers the opportunity to participate in any
discussions with the Borrowers&rsquo; independent public accountants. Notwithstanding anything to the contrary in this <U>Section&#8239;6.10</U>,
none of the Loan Parties shall be required to disclose, or permit the inspection, examination or making copies or abstracts of, or discussion
of, any document, information or other matter that (i)&#8239;constitutes non-financial trade secrets or non-financial proprietary information,
(ii)&#8239;in respect of which disclosure to the Administrative Agent or any Lender (or their respective representatives or contractors)
is prohibited by Law or any binding agreement or (iii)&#8239;is subject to attorney client or similar privilege or constitutes attorney
work-product.</P>

<P STYLE="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 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;6.11&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Additional
Collateral</B>; <B>Additional Guarantors</B>. Subject to <U>Section&#8239;6.18</U>, at the Borrowers&rsquo; expense, subject to the limitations
and exceptions of this Agreement, including, without limitation, the provisions of the Collateral and Guarantee Requirement and any applicable
limitation in any Collateral Document, take all action necessary or reasonably requested by the Administrative Agent or the Collateral
Agent to ensure that the Collateral and Guarantee Requirement continues to be satisfied, including always ensuring that the Obligations
are secured by a first-priority security interest in all Collateral, including, but not limited to, the Equity Interests of the Borrowers
and the Specified IP.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;6.12&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Reserved</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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;6.13&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Reserved</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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;6.14&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Further
Assurances</B>. Promptly upon reasonable request by the Administrative Agent (a)&#8239;correct any material defect or error that may be
discovered in the execution, acknowledgment, filing or recordation of any Collateral Document or other document or instrument relating
to any Collateral, and (b)&#8239;do, execute, acknowledge, deliver, record, re-record, file, re-file, register and re-register any and
all such further acts, deeds, certificates, assurances and other instruments as the Administrative Agent may reasonably request from
time to time in order to carry out more effectively the purposes of the Collateral Documents, to the extent required pursuant to the
Collateral and Guarantee Requirement.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;6.15&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Reserved</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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;6.16&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Reserved</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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;6.17&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Use
of Proceeds</B>. The Borrowers will use (x)&#8239;the proceeds of the New Money Term Loans only (i)&#8239;to make adequate protection payments
as required in the Loan Documents and the DIP Orders, (ii)&#8239;to pay the fees, expenses, and administrative costs of the Chapter 11
Cases, (iii)&#8239;to pay obligations arising from or related to the Carve-Out, (iv)&#8239;to pay prepetition obligations as approved by
the Bankruptcy Court, and (iii)&#8239;for working capital and other general corporate needs and purposes of the SHC Debtors and certain
of their Affiliates (including, for the avoidance of doubt, non-SHC Debtors), in each case, in accordance with and subject to the Loan
Documents and the DIP Orders (including the Approved Budget, subject to the Permitted Variance); and (y)&#8239;the Roll-Up Term Loans
only to roll-up amounts outstanding under the Prepetition Super HoldCo 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"></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 0.25in; text-align: justify">No proceeds of any Loan borrowed under
this Agreement will be used, whether directly or indirectly, in a manner which would constitute a harmful &ldquo;use of proceeds in Switzerland&rdquo;
as interpreted by the Swiss Federal Tax Administration for purposes of Swiss Withholding Tax, unless the Swiss Federal Tax Administration
confirms by way of a binding tax ruling satisfactory to the Administrative Agent that interest payments under this Agreement will not
be subject to Swiss Withholding Tax (irrespective of a potential use of proceeds in Switzerland).</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;6.18&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Post-Closing
Actions</B>. Complete each of the actions described on <U>Schedule 6.18</U> as soon as commercially reasonable and by no later than the
date set forth in <U>Schedule&#8239;6.18</U> with respect to such action or such later date as the Administrative Agent may reasonably
agree at the direction of the Required Lenders.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;6.19&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Compliance
with Anti-Corruption Laws</B>. Each Loan Party shall: (a)&#8239;conduct its business in a manner expected to maintain compliance with
Anti-Corruption Laws, and maintain policies and procedures designed to ensure compliance with Anti-Corruption Laws; and (b)&#8239;not
authorize the use of the proceeds of any Borrowing, directly or, to its knowledge, indirectly, in any manner which would violate Anti-Corruption
Laws in any material respect.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;6.20&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Liquidity</B>.
Not later than 5:00 p.m.&#8239;New York City time every Thursday (commencing with Thursday of the week immediately following entry of
the Interim DIP Order) (each such Thursday, a &ldquo;<U>Liquidity Report Deadline</U>&rdquo;), deliver to the Lenders a report setting
forth Liquidity as of the last Business Day of the calendar week immediately preceding such Liquidity Report Deadline.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;6.21&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Lender
Calls</B>. The Loan Parties shall hold weekly conference calls and/or video calls (on a day and time as may be agreed by the Ad Hoc Group&rsquo;s
Advisors and the Company Advisors) among the Company Advisors, the Ad Hoc Group&rsquo;s Advisors, the Ad Hoc Group, the members of the
OpCo 2028 Term Lenders Ad Hoc Group that are Lenders and the OpCo 2028 Term Lenders Ad Hoc Group&rsquo;s Advisors, which calls may cover
the Loan Parties&rsquo; financial performance, the latest Approved Budget, Variance Reports, and/or any projections and such other information
and matters reasonably related thereto; <U>provided</U> that the Loan Parties&rsquo; senior management shall, to the extent reasonably
practicable, attend such weekly conference call subject to the reasonable prior written request of the Lenders.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;6.22&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Budget
and Variance Reporting</B><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Not
later than 5:00 p.m.&#8239;New York City time on every other Thursday following the Closing Date (commencing with the Thursday of the
second week immediately following the week in which the Petition Date occurs) (each such Thursday, the &ldquo;<U>Updated Budget Deadline</U>&rdquo;),
deliver to the Ad Hoc Group&rsquo;s Advisors and the OpCo 2028 Term Lenders Ad Hoc Group&rsquo;s Advisors a supplement to the Initial
Budget or most-recently delivered Updated Budget (each such supplement, an &ldquo;<U>Updated Budget</U>&rdquo;), covering the 13-week
period that commences with Monday of the calendar week of the Updated Budget Deadline, consistent with the form and level of detail set
forth in the Initial Budget and including a forecasted unrestricted cash balance as well as a line-item report setting forth the estimated
fees and expenses to be incurred by each professional advisor on a monthly basis. Each Updated Budget shall be subject to the approval
of the Required Lenders (or one of the Ad Hoc Group's Advisors on behalf of the Required Lenders) (the Initial Budget and each Updated
Budget so approved, an &ldquo;<U>Approved Budget</U>&rdquo;). An Updated Budget shall be deemed approved only upon (a)&#8239;receipt by
the Loan Parties of written approval thereof by the Required Lenders (or one of the Ad Hoc Group's Advisors on behalf of the Required
Lenders) (with email from the Ad Hoc Group's Advisors to the Loan Parties being sufficient) or (b)&#8239;failure of the Required Lenders
(or one of the Ad Hoc Group's Advisors on behalf of the Required Lenders) to approve or reject such Updated Budget within three (3)&#8239;Business
Days of delivery thereof (it being understood that if no such acceptance or rejection shall be delivered by 11:59 p.m.&#8239;NYC time
on such third Business Day, then such Updated Budget shall be deemed approved). In the event an Updated Budget is not approved (or deemed
approved) in accordance with the foregoing, the prior Approved Budget shall remain in effect. Prior to delivery of the first Updated
Budget required to be delivered after the Closing Date, the Initial Budget shall constitute the Approved Budget.</P>

<P STYLE="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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Not
later than 5:00 p.m.&#8239;New York City time every Thursday (commencing with Thursday of the second week immediately following the week
in which the Petition Date occurs) (each such Thursday, a &ldquo;<U>Variance Report Deadline</U>&rdquo;), deliver to the Ad Hoc Group&rsquo;s
Advisors a variance report (each, a &ldquo;<U>Variance Report</U>&rdquo;), in form and substance reasonably acceptable to the Required
Lenders, showing the difference between total actual operating receipts and total budgeted operating receipts as set forth in the Approved
Budget, as the case may be (the &ldquo;<U>Receipts Variance</U>&rdquo;) and total actual operating disbursements and total budgeted operating
disbursements as set forth in the Approved Budget, as the case may be (the &ldquo;<U>Disbursements Variance</U>&rdquo;), in each case,
for the Applicable Period, together with a reasonably detailed explanation of such Receipts Variance and Disbursements Variance.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Not
later than 5:00 p.m.&#8239;New York City time on the fifteenth (15<SUP>th</SUP>) day of each month (commencing with the first such date
following the Petition Date), deliver to the Ad Hoc Group&rsquo;s Advisors and the OpCo 2028 Term Lenders Ad Hoc Group&rsquo;s Advisors
a variance report (the &ldquo;<U>Professional Fee Variance Report</U>&rdquo;), in form and substance reasonably acceptable to the Required
Lenders, showing the difference between the total actual professional fees and expenses and total budgeted professional fees and expenses
as set forth in the Approved Budget, as the case may be (the &ldquo;<U>Professional Fee Variance</U>&rdquo;), in each case, for the period
then-ended.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;6.23&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Milestones</B>.
The Loan Parties shall satisfy the requirements of each Milestone, including by the time, to the extent, and in the manner required thereby
(or as otherwise agreed to by the Required Lenders in writing (email being sufficient)).</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;6.24&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Bankruptcy
Related Matters</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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
SHC Debtors shall cause all proposed (i)&#8239;&ldquo;first day&rdquo; orders, (ii)&#8239;&ldquo;second day&rdquo; orders, (iii)&#8239;orders
related to or affecting the Obligations and/or the Loan Documents, the Prepetition SHC Obligations and applicable loan documents, any
other financing or use of cash collateral, any sale or other disposition of Collateral outside the ordinary course or adequate protection,
(iv)&#8239;orders concerning the financial condition of the SHC Debtors, or other Indebtedness of the SHC Debtors and (v)&#8239;orders
establishing procedures for administration of the Chapter 11 Cases or approving significant transactions submitted to the Bankruptcy
Court, in each case, proposed by the SHC Debtors, to be in accordance with the terms of this Agreement and the Restructuring Support
Agreement, to the extent 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">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
SHC Debtors shall comply in all material respects with each order entered by the Bankruptcy Court in connection with the Chapter 11 Cases
Bankruptcy Order and with the terms of the Restructuring Support 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
SHC Debtors shall deliver to the Ad Hoc Group&rsquo;s Advisors and the OpCo 2028 Term Lenders Ad Hoc Group&rsquo;s Advisors not less
than two (2)&#8239;full Business Days prior to any material filing (or, if not reasonably practicable as a result of exigent circumstances,
as soon as reasonably practicable prior to any such material filing), copies of all proposed material pleadings, motions, applications,
orders, financial information and other documents to be filed by or on behalf of the SHC Debtors with the Bankruptcy Court in the Chapter
11 Cases that affect or may affect any of the Secured Parties, and shall consult in good faith with the Ad Hoc Group&rsquo;s Advisors
and the Required Lenders regarding the form and substance of any such document; <U>provided</U> that, the foregoing shall not apply to
any monthly or quarterly operating reports, retention applications, fee applications, fee statements, and any declarations in support
thereof or related thereto filed in the Chapter 11 Cases.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
SHC Debtors shall if not otherwise provided through the Bankruptcy Court&rsquo;s electronic docketing system or by Kroll Restructuring
Administration LLC, as soon as available, deliver to the Ad Hoc Group&rsquo;s Advisors promptly as soon as available, copies of all material
final pleadings, motions, applications, orders, financial information and other documents, in each case, distributed by or on behalf
of the Loan Parties to any official or unofficial committee appointed or appearing in the Chapter 11 Cases or any other party in 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-align: center"><FONT STYLE="text-transform: uppercase"><B>Article&#8239;VII</B></FONT></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"><FONT STYLE="text-transform: uppercase"><B>Negative
Covenants</B></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: justify; text-indent: 0.5in">So long as any Lender shall
have any Commitment hereunder, any Term Loan or other Obligation hereunder (other than contingent indemnification obligations as to which
no claim has been asserted) which is accrued and payable shall remain unpaid or unsatisfied, then from and after the Closing 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; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;7.01&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Liens</B>.
No Covenant Party shall, directly or indirectly, create, incur, assume or suffer to exist any Lien upon any of its property, assets or
revenues, whether now owned or hereafter acquired, other than 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Liens
pursuant to any 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Liens
for Taxes, assessments or governmental charges that are not overdue for a period of more than 30 days or that are being contested in
good faith and by appropriate actions, if adequate reserves with respect thereto are maintained on the books of the applicable Person
in accordance with GAAP or equivalent accounting principles in the relevant 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Liens
securing judgments for the payment of money not constituting an Event of Default under <U>Section&#8239;8.01(h)</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"></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"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Liens
in favor of a banking or other financial institution arising as a matter of Law or under customary general terms and conditions encumbering
deposits or other funds maintained with a financial institution (including, for the avoidance of doubt, Liens arising under the general
terms and conditions (<I>Allgemeine Gesch&auml;ftsbedingungen der Banken und Sparkassen</I>) in relation to bank accounts held in Germany)
including any netting and the right of setoff, and that are within the general parameters customary in the banking industry or arising
pursuant to such banking institution&rsquo;s general terms and 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Liens
in favor of any Covenant 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"><FONT STYLE="font-size: 10pt">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Liens
arising from precautionary Uniform Commercial Code financing statement or similar filings;</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Liens
on insurance policies and the proceeds thereof securing the financing of the premiums with respect 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Liens
pursuant to the OpCo DIP 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Liens
that are contractual rights of setoff or rights of pledge relating to the establishment of depository relations with banks or other financial
institutions not given in connection with the issuance of 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(j)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Liens
pursuant to the Prepetition SHC Loan Documents, the Prepetition OpCo Revolving Loan Documents or the Prepetition OpCo Term Loan 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(k)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Solely
with respect to each Aristech and Altuglas:</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Liens
existing on the Closing Date and listed on Schedule 7.01(k)&#8239;and any modifications, replacements, renewals, refinancings or extensions
thereof; <U>provided</U>, that (i)&#8239;the Lien does not extend to any additional property other than after-acquired property that is
affixed or incorporated into the property covered by such Lien and proceeds and products thereof, and (ii)&#8239;the replacement, renewal,
refinancing or extension of the obligations secured or benefited by such Liens, to the extent constituting Indebtedness, is permitted
by <U>Section&#8239;7.03</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: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Liens
for taxes, assessments or governmental charges that are not overdue for a period of more than 30 days or that are being contested in
good faith and by appropriate actions, if adequate reserves with respect thereto are maintained on the books of the applicable Person
in accordance with GAAP or equivalent accounting principles in the relevant 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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>statutory
or common law Liens of landlords, sublandlords, carriers, warehousemen, mechanics, materialmen, repairmen, construction contractors or
other like Liens (and, in case of supply agreements governed by German law, also contractually agreed Liens in favor of suppliers) arising
in the ordinary course of business and (x)&#8239;which do not in the aggregate materially detract from the value of any property or assets
of Aristech or Altuglas, as applicable, or materially impair the operation of the business of Aristech or Altuglas, as applicable, or
(y)&#8239;which are being contested in good faith by appropriate proceedings, which proceedings have the effect of preventing the forfeiture
or sale of the property or assets subject to any such 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"></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: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>(i)&#8239;pledges
or deposits in the ordinary course of business in connection with workers&rsquo; compensation, health, disability or employee benefits,
unemployment insurance and other social security laws or similar legislation or regulation or other insurance-related obligations (including
in respect of deductibles, self-insured retention amounts and premiums and adjustments thereto), (ii)&#8239;[reserved] and (iii)&#8239;pledges
and deposits in the ordinary course of business securing liability for reimbursement or indemnification obligations of (including obligations
in respect of letters of credit or bank guarantees for the benefit of) insurance carriers providing property, casualty or liability insurance
to Aristech or Altuglas, 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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>deposits
to secure the performance of bids, trade contracts, governmental contracts and leases (other than Indebtedness for borrowed money), statutory
obligations, surety, stay, customs and appeal bonds, performance bonds and other obligations of a like nature (including those to secure
health, safety and environmental obligations) 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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(vii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>(i)&#8239;easements,
rights-of-way, restrictions (including zoning restrictions), encroachments, protrusions, matters which would be disclosed by an accurate
survey or inspection of any Real Property and other, similar encumbrances and minor title defects affecting Real Property that do not
in the aggregate materially interfere with the ordinary conduct of the business of Aristech or Altuglas, as applicable, or (ii)&#8239;easements,
rights-of-way, restrictions (including zoning restrictions) or encroachments that are reserved for the benefit of The Dow Chemical Company
on any leased Real Property;</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(viii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ix)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Liens
securing judgments for the payment of money not constituting an Event of Default under Section&#8239;8.01(h);</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(x)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>leases,
licenses, subleases or sublicenses granted to others in the ordinary course of business which do not (i)&#8239;interfere in any material
respect with the business of Aristech or Altuglas, as applicable, or (ii)&#8239;secure any 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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Liens
(i)&#8239;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 in the ordinary course of business or (ii)&#8239;Liens on specific items of inventory or other goods and proceeds
of any Person securing such Person&rsquo;s obligations in respect of bankers&rsquo; acceptances or letters of credit issued or created
for the account of such person to facilitate the purchase, shipment or storage of such inventory or other goods 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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Liens
(i)&#8239;of a collection bank arising under Section&#8239;4-210 of the Uniform Commercial Code on items in the course of collection, (ii)&#8239;attaching
to commodity trading accounts or other commodities brokerage accounts and (iii)&#8239;in favor of a banking or other financial institution
arising as a matter of Law or under customary general terms and conditions encumbering deposits or other funds maintained with a financial
institution and that are within the general parameters customary in the banking industry or arising pursuant to such banking institution&rsquo;s
general terms and 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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xiii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Liens
on cash advances in favor of the seller of any property to be acquired in an Investment permitted pursuant to <U>Section&#8239;7.06</U>
or, to the extent related to any of the foregoing, to be applied against the purchase price for such Investment, or consisting of an
agreement to Dispose of any property in a Disposition permitted under <U>Section&#8239;7.05</U>, in each case, solely to the extent such
Investment or Disposition, as the case may be, would have been permitted on the date of the creation of such 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"></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: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xiv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Liens
attaching solely to cash earnest money deposits in connection with any letter of intent or purchase agreement 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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Liens
deemed to exist in connection with Investments in repurchase agreements permitted under <U>Section&#8239;7.06</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: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xvi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Liens
encumbering reasonable customary initial deposits and margin deposits and similar Liens attaching to commodity trading accounts or other
brokerage accounts incurred in the ordinary course of business and not for speculative purposes;</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(xvii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Liens
that are contractual rights of setoff or rights of pledge (i)&#8239;relating to the establishment of depository relations with banks or
other financial institutions not given in connection with the issuance of Indebtedness or (ii)&#8239;relating to pooled deposit or sweep
accounts of Aristech or Altuglas, as applicable to permit satisfaction of overdraft or similar obligations incurred in the ordinary course
of business of Aristech or Altuglas, 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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xviii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>ground
leases in respect of Real Property on which facilities owned or leased by Aristech or Altuglas, 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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xix)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xx)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>any
interest or title of a lessor, sublessor, licensor or sublicensor under leases, subleases, licenses or sublicenses entered into by Aristech
or Altuglas, as applicable, 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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xxi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Liens
arising out of conditional sale, title retention, consignment or similar arrangements for sale of goods entered into by Aristech or Altuglas,
as applicable, in the ordinary course of business permitted 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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xxii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xxiii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xxiv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xxv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>(i)&#8239;zoning,
building, entitlement and other land use regulations by Governmental Authorities with which the normal operation of the business complies,
and (ii)&#8239;any zoning or similar law or right reserved to or vested in any Governmental Authority to control or regulate the use of
any real property that does not materially interfere with the ordinary conduct of the business of Aristech or Altuglas, 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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xxvi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Liens
arising from precautionary Uniform Commercial Code financing statement or similar filings;</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(xxvii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Liens
on insurance policies and the proceeds thereof securing the financing of the premiums with respect 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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    <!-- 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: 1.5in"><FONT STYLE="font-size: 10pt">(xxviii)&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xxix)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Liens
on Securitization Assets purported to be sold or otherwise transferred in connection with a Permitted Securitization;</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(xxx)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xxxi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Liens
in connection with a Tax Grouping 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: 1.5in"><FONT STYLE="font-size: 10pt">(xxxii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>other
Liens with respect to property or assets of Aristech or Altuglas, as applicable, securing obligations in an aggregate principal amount
outstanding at any time not to exceed $1,000,000; 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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xxxiii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>any
Lien required to be granted under mandatory law in favor of creditors as a consequence of a merger or a conversion permitted 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; text-align: justify; text-indent: 0.5in">The expansion of Liens by
virtue of accrual of interest and the payment of interest will not be deemed to be an incurrence of Liens for purposes of this <U>Section&#8239;7.01</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 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;7.02&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Subsidiaries</B>.
No Covenant Party shall form or acquire any direct Subsidiary after the Closing Date other than in connection with the consummation of
the 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 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;7.03&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Indebtedness</B>.
No Covenant Party shall, directly or indirectly, create, incur, assume or suffer 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Indebtedness
of any Covenant Party 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Intercompany Parent Note;</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Indebtedness
outstanding pursuant to the OpCo DIP 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"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>any
obligations and liabilities under or in connection with a Tax Grouping 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"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>obligations
owed by the Lead Borrower or the Co-Borrower to any financial institution in respect of any overdraft and related liabilities arising
from treasury, depository and cash management services or any automated clearing house transfers of funds and other Indebtedness in respect
of netting services, overdraft protections and similar arrangements in each case in connection with 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Indebtedness
consisting of (a)&#8239;the financing of insurance premiums or (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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>all
premiums (if any), interest (including post-petition interest), fees, expenses, charges and additional or contingent interest on obligations
described in clauses&#8239;(a)&#8239;through (f)&#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">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>any
unsecured Guarantee by any Covenant Party of the obligations of any Affiliate of such Covenant Party to suppliers, distributors, customers
and licensees 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Indebtedness
outstanding pursuant to the Prepetition SHC Loan Documents, the Prepetition OpCo Revolving Loan Documents or the Prepetition OpCo Term
Loan Documents in an aggregate principal not to exceed the aggregate principal amount outstanding as of the Petition Date; 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(j)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Solely
with respect to each Aristech or Altuglas:</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Indebtedness
outstanding on the Closing Date and listed on Schedule 7.03(j)&#8239;and any Permitted Refinancing 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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>(i)&#8239;Attributable
Indebtedness and other Indebtedness (including Capitalized Leases) existing as of the Closing Date, and any Permitted Refinancing thereof
and (ii)&#8239;Attributable Indebtedness arising out of sale leaseback transactions permitted by Section&#8239;7.05 as of the Closing Date
and any Permitted Refinancing 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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Indebtedness
in respect of Swap Contracts (as defined in the Prepetition OpCo Credit Agreement as in effect on the Closing Date) designed to hedge
against exposure of Aristech or Altuglas, as applicable, to interest rates, foreign exchange rates or commodities pricing risks incurred
in the ordinary course of business and not for speculative purposes;</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(vii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Indebtedness
arising out of, or in connection with, cash management practices, provided that any such Indebtedness owed by Loan Parties to Restricted
Subsidiaries that are not Loan Parties shall be subordinated to the Obligations pursuant to a subordination agreement and related documentation
in form and substance reasonably satisfactory to the Required Lenders;</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(viii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ix)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Indebtedness
representing deferred compensation to employees of Aristech or Altuglas, as applicable, 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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(x)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Indebtedness
consisting of (a)&#8239;the financing of insurance premiums or (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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xiii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Indebtedness
incurred by Aristech or Altuglas, as applicable, in the form of letters of credit, bank guarantees, bankers&rsquo; acceptances or similar
instruments issued or created in the ordinary course of business, including in respect of workers compensation claims, health, disability
or other employee benefits or property casualty or liability insurance or self-insurance or other Indebtedness with respect to reimbursement
type obligations regarding workers compensation claims;</P>

<P STYLE="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: 1.5in"><FONT STYLE="font-size: 10pt">(xiv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>obligations
in respect of performance, bid, appeal and surety bonds and performance and completion guarantees and similar obligations provided by
Aristech or Altuglas, as applicable, or obligations in the form of letters of credit, bank guarantees or similar instruments related
thereto, in each case in the ordinary course of business or consistent with past practice;</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(xv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xvi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xvii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>to
the extent constituting Indebtedness, obligations of Aristech or Altuglas, as applicable, if a seller or servicer (or any obligation
of Aristech or Altuglas, as applicable, in respect of a seller or servicer) in a Permitted Securitization in respect of any Standard
Securitization Undertakings (as defined in the Prepetition OpCo Credit Agreement as in effect on the Closing Date) as to such Permitted
Securitization;</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(xviii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xix)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Indebtedness
which, when aggregated with the principal amount of all other Indebtedness incurred pursuant to this clause (xix)&#8239;and then outstanding,
does not exceed the $1,000,000 in each case determined at the time of incurrence, and any Permitted Refinancing 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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xx)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xxi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xxii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xxiii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xxiv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>unsecured
Indebtedness in respect of obligations of Aristech or Altuglas, as applicable, to pay the deferred purchase price of goods or services
or progress payments in connection with such goods and services; provided that such obligations are incurred in connection with open
accounts extended by suppliers on customary trade terms in the ordinary course of business and not in connection with the borrowing of
money; 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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xxv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 0.5in">For purposes of determining
compliance with <U>Section&#8239;7.03</U>, in the event that an item of Indebtedness (or any portion thereof) at any time, whether at
the time of incurrence or upon the application of all or a portion of the proceeds thereof or subsequently, meets the criteria of more
than one of the categories of permitted Indebtedness described in Section&#8239;7.03(a)&#8239;through (j)&#8239;above, the Lead Borrower,
in its sole discretion, will classify and may subsequently reclassify such item of Indebtedness (or any portion thereof) in any one or
more of the types of Indebtedness described in Section&#8239;7.03(a)&#8239;through (j)&#8239;and will only be required to include the amount
and type of such Indebtedness in such of the above clauses as determined by the Lead Borrower at such time. The Lead Borrower will be
entitled to divide and classify an item of Indebtedness in more than one of the types of Indebtedness described in Section&#8239;7.03(a)&#8239;through
(j)&#8239;so long as such Indebtedness (or any portion thereof) is permitted to be incurred pursuant to such provision at the time of
reclassification. Notwithstanding the foregoing,&#8239;Indebtedness incurred under the Loan Documents shall only be classified as incurred
under <U>Section&#8239;7.03(a)</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"></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">The accrual of interest and
the payment of interest, fees, premiums or similar amounts in the form of additional Indebtedness shall not be deemed to be an incurrence
of Indebtedness for purposes of this <U>Section&#8239;7.03</U>. The principal amount of any non-interest bearing Indebtedness or other
discount security constituting Indebtedness at any date shall be the principal amount thereof that would be shown on a balance sheet
of the applicable Loan Party dated such date prepared in accordance with 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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;7.04&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Fundamental
Changes</B>. No Covenant Party shall merge, amalgamate, dissolve, liquidate, consolidate with or into another Person, or Dispose of (whether
in one transaction or in a series of transactions) all or substantially all of its assets (whether now owned or hereafter acquired) to
or in favor of any Person, except (a)&#8239;the Covenant Parties may effect a Disposition permitted pursuant to Section&#8239;7.05 and
(b)&#8239;in connection with the consummation of the 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 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;7.05&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Dispositions</B>.
No Covenant Party shall, directly or indirectly, make any Disposition or enter into any agreement to make any Disposition, 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Dispositions
that constitute a Restricted Payment permitted by Section&#8239;7.06, a Permitted Investment or Liens permitted by Section&#8239;7.01;</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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Dispositions
of 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Loan Parties may consummate the Transactions; 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>solely
with respect to Aristech or Altuglas:</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>(x)&#8239;Dispositions
of obsolete, worn out, used or surplus property, whether now owned or hereafter acquired, in the ordinary course of business and Dispositions
of property no longer used or useful in the conduct of the business of Aristech or Altuglas, as applicable, and (y)&#8239;Dispositions
to landlords of improvements made to leased real property pursuant to customary terms of leases entered into 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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Dispositions
of inventory, goods held for sale in the ordinary course of business and immaterial assets in the ordinary course of business (including
allowing any issuances, registrations or any applications for registration of any intellectual property to lapse or become abandoned
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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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Dispositions
of property to the extent that (i)&#8239;such property is exchanged for credit against the purchase price of similar replacement property
or (ii)&#8239;the proceeds of such Disposition are promptly applied to the purchase price of such replacement property;</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Dispositions
that otherwise constitute a Restricted Payment permitted by Section&#8239;7.06 or a Permitted Investment (other than a Permitted Investment
pursuant to clause (ff) of the definition thereof) and Liens permitted by Section&#8239;7.01 (other than Section&#8239;7.01(m));</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Dispositions
of cash and Cash Equivalents in the ordinary course of business and consistent with past practice;</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(vii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>(i)&#8239;leases,
subleases, licenses or sublicenses (including the provision of software or the licensing of other intellectual property rights) and termination
thereof, in each case in the ordinary course of business and which do not materially interfere with the business of Aristech or Altuglas,
as applicable, and (ii)&#8239;Dispositions of intellectual property that are not material to the business of Aristech or Altuglas, 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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(viii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>transfers
of property subject to Casualty Events;</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(ix)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Dispositions
or discounts without recourse of accounts receivable in connection with the compromise or collection thereof 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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(x)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>so
long as Aristech or Altuglas, as applicable, receives at least fair market value therefor (taking into account any Securitization Seller&rsquo;s
Retained Interest (as defined in the Prepetition OpCo Credit Agreement as in effect on the Closing Date and the OpCo DIP Credit Agreement,
as applicable)), any sale of Securitization Assets in connection with a Permitted Securitization;</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(xiii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xiv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>any
swap of assets in exchange for services or other assets in the ordinary course of business of comparable or greater value or usefulness
to the business of Aristech or Altuglas, as applicable, as determined in good faith by the management of Aristech or Altuglas, 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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xvi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xvii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xviii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
unwinding of any Swap Contracts (as defined in the Prepetition OpCo Credit Agreement as in effect on the Closing Date) pursuant to its
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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xix)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xx)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xxi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Dispositions
in the aggregate pursuant to this clause (xxi)&#8239;not to exceed $1,000,000, as determined at the time of such 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; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><U>provided</U></FONT>
that any Disposition of any property pursuant to <U>Section&#8239;7.05(f)(xiv)</U>&#8239;or <U>(xxi)</U>&#8239;shall be for no less than
the fair market value of such property at the time of such 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; text-align: justify">To the extent any Collateral is Disposed of as
expressly permitted by this <U>Section&#8239;7.05</U> to any Person other than a Loan Party, such Collateral shall be sold free and clear
of the Liens created by the Loan Documents, and the Administrative Agent or the Collateral Agent, as applicable, shall be authorized
to take any actions requested by the Lead Borrower in order to effect 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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;7.06&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Restricted
Payments. None of any Covenant Party (other than Parent) shall declare or make, directly or indirectly, any Restricted Payment, other
than:</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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Restricted
Payments to any other Covenant Party (other than 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>for
any taxable period for which any Borrower or any Subsidiary of any Borrower is treated as an entity disregarded as separate from its
regarded owner for U.S. federal and/or applicable state or local income tax purposes, the Borrowers and the Borrowers&rsquo; Subsidiaries
may make distributions, directly or indirectly, to such regarded owner, as applicable, to permit it to pay any income Taxes attributable
to the income of such Borrower or Subsidiary; provided that the amount of distributions permitted to be made under this clause (a)&#8239;for
any taxable period shall not exceed the amount of such Taxes that would have been due and payable by the Borrowers and/or the applicable
Subsidiaries had the Borrowers and/or such Subsidiaries been a stand-alone corporate taxpayer or tax group, as applicable; and provided
further that the amount of distributions permitted to be made under this clause (a)&#8239;for any taxable period attributable to the income
of a Subsidiary that is not a Loan Party shall be limited to the amount of cash distributions or payments made by such Subsidiary to
the applicable regarded owner for such purpose; 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>any
payments in connection with a Tax Grouping 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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;7.07&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Certain
Undertakings Relating to Separateness</B>. Other than in connection with the Transactions, each of the Covenant Parties (other than Parent,
Holdings, Aristech, Altuglas and the Specified Subsidiary) shall conduct its business and operations separate and apart from that of
any other Person (including the holders of its Equity Interests and their respective Affiliates) and in furtherance of the foregoing,
each Covenant Party (other than Parent, Holdings, Aristech, Altuglas and the Specified Subsidiary) 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>not
become involved in the day to day management of any other Person, other than in the case of the Co-Borrower, its role as a member of
Americas Styrenics or the Specified 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>not
engage in transactions with any other Person other than (i)&#8239;entering into the Loan Documents, (ii)&#8239;the Transactions, (iii)&#8239;activities
permitted by its Organization Documents, (iv)&#8239;in the case of the Co-Borrower, the JV Agreement and the Organization Documents of
the Specified Subsidiary and activities permitted thereunder and (v)&#8239;matters incident or ancillary to 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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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>observe
all formalities required of a limited liability company under the laws of the State of Delaware, the State of Kentucky and of a private
limited liability company (<I>soci&eacute;t&eacute; &agrave; responsabilit&eacute; limit&eacute;e</I>), organized and established under
the laws of Luxembourg, as applicable;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>(i)&#8239;maintain
separate company records and books of account from any other Person and (ii)&#8239;to the extent applicable, clearly identify its offices,
if any, as its offices and, to the extent that such Loan Party and its Affiliates have offices in the same location, allocate fairly
and reasonably any overhead expenses that are shared with an Affiliate, including for services performed by an employee of an Affiliate;</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>except
to the extent otherwise permitted by the Loan Documents, maintain its assets separately from the assets of any other Person (including
through the maintenance of a separate bank account) in a manner that is not costly or difficult to segregate, identify or ascertain 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>maintain
separate financial statements (or if part of a consolidated group, then it will show as a separate member of such group), books and records
from any other 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>allocate
and charge fairly and reasonably any overhead shared with Affiliates;</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>transact
all business with Affiliates on an arm&rsquo;s length basis and pursuant to written, enforceable agreements, except to the extent otherwise
provided 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>not
assume, pay or Guarantee any other Person&rsquo;s obligations or advance funds to any other Person for the payment of expenses or otherwise,
except pursuant to 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(j)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>conduct
all business correspondence and other communications in its own name, and use separate stationery, invoices, and checks;</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(k)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>not
act as an agent of any other Person in any capacity except pursuant to contractual documents indicating such capacity and only in respect
of transactions permitted by its Organization Documents, the Loan Documents and matters necessarily incident 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(l)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>not
permit any Affiliate to guarantee, provide indemnification for, or pay its obligations, except for any indemnities and guarantees in
connection with the Loan Documents or any consolidated tax liabilities, or except as permitted by its Organization 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(m)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>compensate
its consultants or agents, if any, from its own funds;</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(n)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>maintain
adequate capital in light of its contemplated business purpose, transactions and liabilities;</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(o)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>fail
at any time to have at least one (1)&#8239;Independent Manager on its board of managers; <I>provided</I>, <I>however</I>, if such Independent
Manager is deceased, withdraws, resigns or is removed for cause, such Loan Party shall not breach or violate this <U>Section&#8239;7.07(o)</U>&#8239;if
such Loan Party uses commercially reasonable efforts to replace such Independent Manager with another Independent Manager acceptable
to the Required Lenders, it being understood that the Persons on <U>Schedule 7.07(o)</U>&#8239;are acceptable to the Required Lenders;
<I>provided</I>, <I>further</I>, however, that during such period, no matter that requires the vote of the Independent Manager under
such Loan Party&rsquo;s Organization Documents shall be considered, approved of, or otherwise voted on by the board of managers of any
Loan Party or any committee or sub-committee 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(p)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>appoint
any Person as an Independent Manager who does not satisfy the definition of an Independent Manager; 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(q)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>not
amend, restate, supplement or otherwise modify its Organization Documents in violation of this Agreement or in any respect that would
impair its ability to comply with 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-align: justify; text-indent: 1in">Each Loan Party hereby acknowledges
that the Administrative Agent and each Lender is entering into the transactions contemplated by this Agreement in reliance upon each
Loan Party&rsquo;s (other than the Parent&rsquo;s) identity as a legal entity that is separate from its Affiliates.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;7.08&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Transactions
with Affiliates</B>. No Covenant Party (other than Parent) shall, directly or indirectly, enter into any transaction of any kind with
any Affiliate involving aggregate payments or consideration in excess of $1,000,000 for any individual transaction or series of related
transactions, whether or not in the ordinary course of business, other than:</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>(i)&#8239;transactions
among Covenant Parties, (ii)&#8239;the Prepetition SHC Obligations, (iii)&#8239;transactions permitted under Section&#8239;7.03, Section&#8239;7.04,
Section&#8239;7.05 and Section&#8239;7.06, (iv)&#8239;transactions on terms substantially as favorable to the Loan Parties as would be obtainable
by such Loan Party at the time in a comparable arm&rsquo;s-length transaction with a Person other than an Affiliate; (v)&#8239;solely
with respect to Aristech or Altuglas; and (vi)&#8239;transactions related to Cash Management Practices;</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>subject
to no Default or Event of Default, transactions between Aristech or Altuglas on one hand, and Subsidiaries of Parent on the other hand,
in the ordinary course of business and consistent with past practice;</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>on
terms substantially as favorable to Aristech or Altuglas as would be obtainable thereby at the time in a comparable arm&rsquo;s-length
transaction with a Person other than an Affiliate;</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Transactions and the payment of fees and expenses (including Transaction Expenses) as part of or in connection with the 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Restricted
Payments permitted under Section&#8239;7.06 and Permitted Investments;</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Any
transactions and actions in connection with any Tax Grouping Agreement (including, but not limited to, the entering into, maintenance
and performance of any such Tax Grouping 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"><FONT STYLE="font-size: 10pt">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>employment,
consulting, and severance and other service or benefit-related arrangements between any Aristech or Altuglas and any of their respective
officers and employees in the ordinary course of business and transactions pursuant to stock option plans and other equity award and
employee benefit plans and arrangements 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">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
payment of customary fees and reasonable out-of-pocket costs to, and indemnities provided on behalf of, directors, officers, employees
and consultants of Aristech or Altuglas, as applicable, 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>transactions
pursuant to agreements in existence on the Closing Date and set forth on <U>Schedule 7.08</U> (to the extent not otherwise permitted
by this Agreement) or any amendment thereto to the extent such an amendment is not adverse to the Lenders in any material respect;</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(j)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(k)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>transactions
related to Permitted Securitizations;</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(l)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(m)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(n)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>transactions
with customers, clients, joint venture partners, suppliers or purchasers or sellers of goods or services, in each case in the ordinary
course of business and otherwise in compliance with the terms of this Agreement that are fair to Aristech or Altuglas, as applicable,
in the reasonable determination of the board of directors or the senior management of Aristech or Altuglas, as applicable, or are on
terms at least as favorable as might reasonably have been obtained at such time from an unaffiliated 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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;7.09&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Burdensome
Agreements</B>. No Covenant Party shall enter into or permit to exist any Contractual Obligation (other than this Agreement, any other
Loan Document, any Prepetition SHC Loan Documents, any Prepetition OpCo Revolving Loan Documents, any Prepetition OpCo Term Loan Documents,
any Prepetition Second Lien Notes Documents) that limits the ability of any Covenant Party to create, incur, assume or suffer to exist
Liens on property of such Person for the benefit of the Lenders with respect to the Obligations or under the Loan Documents; <U>provided</U>
that the foregoing shall not apply to Contractual Obligations which:</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>exist
in the JV Agreement as of the Closing 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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>arise
in connection with any Disposition permitted by <U>Section&#8239;7.04</U> or <U>7.05</U> and relate solely to the assets or Person subject
to such 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>arise
in connection with Indebtedness permitted by <U>Section&#8239;7.03</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>arise
in connection with cash or other deposits permitted under <U>Sections&#8239;7.01</U> and the definition of Permitted Investments and limited
to such cash or deposit;</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>exist
in the OpCo DIP Credit Agreement or the definitive documentation for any Permitted Securitization, as applicable; 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>exist
in the DIP Orders or Restructuring Support Agreement, 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">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;7.10&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Americas
Styrenics</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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Covenant Parties shall not and shall not permit their Subsidiaries to consent to any amendment to the JV Agreement that would materially
and adversely affect the interests of the Loan Parties (taken as a whole) or the 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Covenant Parties shall not and shall not permit their Subsidiaries to consent, and shall cause its Class&#8239;D Directors (as defined
in the JV Agreement) to not consent, to Americas Styrenics incurring any Indebtedness except (i)&#8239;Indebtedness in respect of Capitalized
Leases and equipment financing incurred in the ordinary course of business, (ii)&#8239;Indebtedness not to exceed $25,000,000 in the aggregate
outstanding at any time and (iii)&#8239;that certain revolving facility in existence on the date hereof not to exceed $60,000,000 in the
aggregate outstanding at any time; <U>provided</U> that the proceeds of any Indebtedness incurred pursuant to clauses (i), (ii)&#8239;and
(iii)&#8239;shall only be used for working capital and general corporate purposes but not to make distributions or dividends.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;7.11&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Prepetition
OpCo Credit Agreement</B>. Subject to the DIP Orders and the Restructuring Support Agreement, the Lead Borrower shall not consent to
any amendment to the Prepetition OpCo Credit Agreement that would adversely affect the interests of the 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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;7.12&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Accounting
Changes</B>. No Covenant Party make any change in its fiscal 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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;7.13&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Prepayments,
Etc. of Indebtedness</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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>No
Covenant Party shall prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner (it
being understood that payments of regularly scheduled principal and interest shall be permitted) any Indebtedness that is required to
be expressly subordinated to the Obligations in right of payment or security pursuant to the terms of the Loan Documents including Indebtedness
outstanding pursuant to the Prepetition SHC Loan Documents (collectively, &ldquo;<U>Junior Financing</U>&rdquo;) or make any payment
in violation of any subordination terms of any Junior Financing Documentation, except (i)&#8239;in connection with the consummation of
the Transactions, including in connection with the Roll-Up Term Loans and (ii)&#8239;the prepayment of Indebtedness of the Lead Borrower
owing to the Co-Borrower, a Foreign Guarantor or the prepayment of Indebtedness of the Parent owing to the Lead Borrower, in each case
to the extent not prohibited by the subordination provisions contained in the applicable intercompany subordination 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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>No
Covenant Party shall amend, modify or change in any manner materially adverse to the interests of the Lenders any term or condition of
any Junior Financing Documentation without the consent of the Administrative Agent (acting at the written direction of the Required Lenders)
(which consent shall not be unreasonably withheld, conditioned or delayed).</P>

<P STYLE="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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;7.14&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Specified
IP Covenant</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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>No
Covenant Party or Trinseo Europe shall terminate, suffer the termination, revocation, expiration or non-renewal of, amend, modify or
otherwise change in any manner any of the Specified IP License Agreements or any term and condition thereof, without the consent of the
Administrative Agent (acting at the written direction of the Required Lenders), in each case in a manner that is adverse to Aristech,
Altuglas or the 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Following
the Closing Date, no Covenant Party or any of its Affiliates shall enter into any intellectual property license agreement, sublicense,
covenant not to sue or other license or similar arrangement allowing for the use of the Specified IP Rights by any Person (other than
Aristech or Altuglas) to use, develop, manufacture, sell, offer for sale, import or otherwise commercialize any products licensed under
the applicable Specified IP License Agreement (&ldquo;<U>Licensed Products</U>&rdquo;) in North America, other than contract manufacturing
rights granted to a Person (including a Covenant Party or any of its Affiliates) to manufacture Licensed Products for sale solely by
or on behalf of Aristech or Altuglas.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>No
Covenant Party or any of its Affiliates (other than Aristech or Altuglas) shall use or assist any third party to use any Specified IP
for purposes of using, developing, manufacturing, selling, offering for sale, importing or otherwise commercializing any Licensed Products
in North America, other than contract manufacturing rights granted to a Person (including a Covenant Party or any of its Affiliates)
to manufacture Licensed Products for sale solely by or on behalf of Aristech or Altuglas.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>No
Covenant Party or any of its Affiliates shall, directly or indirectly, make any Disposition or enter into any agreement to make any Disposition
of any of the Specified IP Rights or the Specified IP License Agreements.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>In
the event of any failure to perform or observe any term, covenant, or agreement contained in this Section&#8239;7.14, the Amended and
Restated Specified IP License Agreements will automatically become effective and shall replace their respective Specified IP License
Agreements for purposes of this Agreement. In addition, any failure to perform or observe any term, covenant, or agreement contained
in this Section&#8239;7.14 by any Affiliate of any Covenant Party, including Trinseo Europe, will be considered a failure by the Covenant
Party for purposes of 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 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;7.15&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Foreign
Guarantors</B>. (a)&#8239;No Foreign Guarantor shall make any investments in the form of deposits made to Trinseo Ireland Global IHB Limited
using cash generated by such Foreign Guarantor following the occurrence and during the continuance of an Event of Default and, other
than in connection with an Event of Default pursuant to Section&#8239;8.01(f)&#8239;or Section&#8239;8.01(g), upon written notice from the
Administrative Agent (acting at the direction of the Required Lenders) and (b)&#8239;if, prior to the termination of the Obligations under
this Agreement, the Obligations (as defined in the OpCo DIP Credit Agreement) under the OpCo DIP Credit Agreement have been terminated
and the terms and provisions thereof are no longer in force and effect, each of the Foreign Guarantors (other than the Covenant Parties)
shall continue comply in all material respects with all of the covenants set forth in Article&#8239;VII of the OpCo DIP Credit Agreement
that were applicable to such Foreign Guarantor prior to the termination of the OpCo DIP 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 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;7.16&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>No
Flowback</B>. None of the proceeds borrowed under this Agreement may be used in Switzerland in a manner which would constitute a use
of proceeds in Switzerland as interpreted by the Swiss Federal Tax Administration for purposes of Swiss Withholding Tax unless: (i)&#8239;a
tax ruling countersigned by the Swiss Federal Tax Administration is obtained confirming that any such use of proceeds in Switzerland
does not result in Swiss Withholding Tax consequences, or (ii)&#8239;any such use of proceeds in Switzerland does not result in any Swiss
Withholding Tax consequences under then applicable Swiss tax 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">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;7.17&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Permitted
Variance; Liquidity.</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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Loan Parties shall not permit the Liquidity, with respect to each Liquidity Report Deadline, as of the last Business Day of the calendar
week immediately preceding such Liquidity Report Deadline, to be less than $25,000,000.</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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Loan Parties shall not permit the Disbursements Variance (excluding professional fees) to exceed the Permitted Variance over any Applicable
Period (other than in the case of total actual operating disbursements being less than total budgeted operating disbursements).</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;7.18&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Chapter
11 Cases</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">The Borrower shall not (and shall not permit
any Subsidiary to), directly or indirectly:</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>except
for the Carve-Out, incur, create, assume, suffer to exist or permit, or file any motion seeking, any other superpriority claim which
is pari passu with, or senior to, the Obligations (except as set forth in the DIP Orders or expressly permitted by 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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>incur,
create, assume, suffer to exist or permit or file any motion seeking, any Lien which is pari passu with, or senior to, the Liens granted
hereunder (except as set forth in the DIP Orders or as explicitly permitted by 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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>make
or permit to be made any amendment, modification, supplement or change to the DIP Orders (other than technical modifications to correct
grammatical, ministerial or typographical errors), without the prior written consent of the Required Lenders and any additional consents
set forth in the Restructuring Support 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: 1.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>(a)&#8239;make
payments under any management incentive, severance, retention or other bonus or compensation plan or on account of claims or expenses
arising under any section of the Bankruptcy Code, except, in each case, (1)&#8239;as is consistent with the terms and conditions of the
Restructuring Support Agreement or (2)&#8239; as approved in writing by the Required Lenders, or (b)(1)&#8239;enter into or make or implement
any amendment, waiver, supplement, or other modification to any employment agreement or employee compensation plan, except, in each case,
(A)&#8239;as is consistent with the terms and conditions of the Restructuring Support Agreement or (B)&#8239; as approved in writing by
the Required Lenders or (2)&#8239;pay or cause to be paid any amount contemplated by such agreements or plans and which are consistent
with the terms and conditions of the Restructuring Support Agreement before the date on which such amount becomes due and payable pursuant
to the terms of such agreements or plans, as applicable, in each case;</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>commence
any adversary proceeding, contested matter or other action (or otherwise support any party) asserting any claims or defenses or otherwise
against (or asserting any surcharge under section 506(c)&#8239;of the Bankruptcy Code or otherwise against) the Administrative Agent,
any Lender, any other Secured Party and any Prepetition Super Holdco Secured Parties, the other Loan Documents, the transactions contemplated
hereby or thereby, the Prepetition Super Holdco Loan Documents, the other documents or agreements executed or delivered in connection
therewith or the transactions contemplated thereby;</P>

<P STYLE="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: 1.5in"><FONT STYLE="font-size: 10pt">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>except
as provided in the DIP Orders, use any cash collateral, proceeds of the Loans, or any cash or other amounts to (a)&#8239;investigate,
challenge, object to or contest the extent, validity, enforceability, security, perfection or priority of any of the Liens securing the
Obligations, the Liens securing the Prepetition Super HoldCo Secured Obligations, the Obligations or the Prepetition Super HoldCo Secured
Obligations, (b)&#8239;investigate or initiate any claim or cause of action against any of the Administrative Agent, the Collateral Agent
or the Lenders or Prepetition Super Holdco Secured Parties, (c)&#8239;object to or seek to prevent, hinder or delay or take any action
to adversely affect the rights or remedies of the Lenders or the Prepetition Super Holdco Secured Parties, or (d)&#8239;seek to approve
superpriority claims or grant liens or security interests (other than those expressly permitted under the Loan Documents and the DIP
Orders) that are senior to or pari passu with the Liens securing the Prepetition Super Holdco Secured Obligations, the DIP Superpriority
Claims or the adequate protection liens or claims granted under the DIP Orders; 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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(vii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>file
any motion or application with the Bankruptcy Court with regard to actions taken outside the ordinary course of business of the Loan
Parties without consulting with the Lenders and providing the Lenders three (3)&#8239;Business Days&rsquo; (or as soon thereafter as is
practicable) notice and the opportunity to review and comment on each such motion.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;7.19&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Centre
of Main Interests. </B>No Loan Party shall cause or allow its Centre of Main Interests to change in a manner which would materially adversely
affect the 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-align: center"><FONT STYLE="text-transform: uppercase"><B>Article&#8239;VIII</B></FONT></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"><FONT STYLE="text-transform: uppercase"><B>Events
of Default and Remedies</B></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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;8.01&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Events
of Default</B>. Any of the following from and after the Closing Date shall constitute an event of default (an &ldquo;<U>Event of Default</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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Non-Payment</U>.
Any Loan Party fails to pay (i)&#8239;any amount of principal of any Term Loan, (ii)&#8239;[reserved], (iii)&#8239;within five (5)&#8239;Business
Days after the same becomes due, any interest on any Term Loan or any other amount payable hereunder or with respect to any other Loan
Document, or (iv)&#8239;within five (5)&#8239;Business Days after the same becomes due, any professional fees payable hereunder or pursuant
to the DIP Orders; 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Specific
Covenants</U>. Any Loan Party fails to perform or observe any term, covenant or agreement contained in any of Sections 6.03(a), 6.05(a)&#8239;(solely
with respect to a Borrower), 6.17, 6.18, 6.20, 6.21, 6.22, 6.23, 6.24 or Article&#8239;VII 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Other
Defaults</U>. Any Loan Party fails to perform or observe any other covenant or agreement (not specified in <U>Section&#8239;8.01(a)</U>&#8239;or
<U>(b)</U>&#8239;above) contained in any Loan Document on its part to be performed or observed and such failure continues for ten (10)&#8239;Business
Days after the earlier of (i)&#8239;receipt of written notice thereof by the Lead Borrower from the Administrative Agent and (ii)&#8239;actual
knowledge thereof by any Loan Party; 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"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Representations
and Warranties</U>. Any representation, warranty, certification or statement of fact made or deemed made by or on behalf of any Loan
Party herein, in any other Loan Document, or in any document required to be delivered in connection herewith or therewith shall be incorrect
or misleading in any material respect (except to the extent such representation, warranty, certification or statement of fact is qualified
by &ldquo;materiality&rdquo; or &ldquo;Material Adverse Effect&rdquo;, in which case such representation, warranty, certification or
statement of fact shall be correct in all respects) when made or deemed made; 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Cross-Default</U>.
Solely to the extent not subject to the automatic stay as a result of the commencement of the Chapter 11 Cases or a forbearance agreement,
reasonably acceptable to the Required Lenders (the Restructuring Support Agreement is deemed acceptable), any Loan Party or any Trinseo
Loan Party (A)&#8239;fails to make any payment beyond the applicable grace period with respect thereto, if any, (whether by scheduled
maturity, required prepayment, acceleration, demand, or otherwise) in respect of the obligations outstanding under (i)&#8239;the Prepetition
OpCo Credit Agreement, (ii)&#8239;the Prepetition Super-Priority Revolving Credit Agreement, (iii)&#8239;the Prepetition SHC Loan Documents
or (iv)&#8239;any other Indebtedness (other than Indebtedness arising under the OpCo DIP Credit Agreement) having an outstanding aggregate
principal amount of not less than the Threshold Amount, other than the OpCo DIP Loan Documents (such Indebtedness described in the foregoing
clauses (i)&#8239;through (iv), collectively, the &ldquo;<U>Covered Indebtedness</U>&rdquo;), or (B)&#8239;fails to observe or perform
any other agreement or condition relating to any Covered Indebtedness , or any other event occurs, the effect of which default or other
event is to cause, or to permit the holder or holders of such Covered Indebtedness (or a trustee or agent on behalf of such holder or
holders or beneficiary or beneficiaries) to cause, with the giving of notice if required, such Covered Indebtedness to become due or
to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such
Covered Indebtedness to be made, prior to its stated maturity; <U>provided</U>, <U>further</U>, that this clause&#8239;(e)(B)&#8239;shall
not apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets securing such
Indebtedness, if such sale or transfer is permitted under the terms of the documents providing for 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Insolvency
Proceedings</U>, <U>Etc.</U> Other than the Chapter 11 Cases and except as otherwise contemplated in the Restructuring Support Agreement,
any Loan Party or any Subsidiary thereof institutes or consents to the institution of, has instituted against it or has a petition presented
against it for any proceeding under any Debtor Relief Law, or makes an assignment, arrangement or composition for the benefit of creditors;
or applies for or consents to the appointment of any receiver, receiver-manager, trustee, statutory manager, custodian, monitor, conservator,
liquidator, rehabilitator, controller, administrator, judicial manager, administrative receiver, process advisor, examiner or similar
officer for it or for all or any material part of its property; or any receiver, receiver-manager, trustee, statutory manager, custodian,
monitor, conservator, liquidator, rehabilitator, administrator, judicial manager, administrative receiver, process advisor, examiner
or similar officer is appointed without the application or consent of such Person; or any proceeding under any Debtor Relief Law relating
to any such Person or to all or any material part of its property is instituted without the consent of such Person; or an order for relief
is entered in any such proceeding; or, in relation to any Luxembourg Loan Party, a Luxembourg Insolvency Event has occurred; 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"></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"><FONT STYLE="font-size: 10pt">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Inability
to Pay Debts; Attachment</U>. (i)&#8239;[reserved] or (ii)&#8239;any writ or warrant of attachment or execution or similar process is issued
or levied against all or any material part of the property of the Loan Parties or their Subsidiaries, taken as a whole, and is not released,
vacated or fully bonded within sixty (60) days after its issue or levy; 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Judgments</U>.
There is entered against any Loan Party a final judgment or order for the payment of money in an aggregate amount exceeding the Threshold
Amount (to the extent not covered by (i)&#8239;independent third-party insurance as to which the insurer has been notified of such judgment
or order and has not denied coverage or (ii)&#8239;other third party indemnities from financially sound investment grade indemnifying
parties (or other parties reasonably acceptable to the Administrative Agent (acting at the written direction of the Required Lenders)))
and such judgment or order shall not have been satisfied, vacated, discharged or stayed or bonded pending an appeal for a period of thirty
(30) consecutive days, without the prior written consent of the Required Lenders; 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Invalidity
of Loan Documents</U>. Any material provision of any Loan Document, at any time after its execution and delivery and for any reason other
than as a result of acts or omissions by the Administrative Agent or Collateral Agent or any Lender or the satisfaction in full of all
the Obligations, ceases to be in full force and effect; or any Loan Party contests in writing the validity or enforceability of any provision
of any Loan Document or the validity or priority of a Lien as required by the Collateral Documents on a material portion of the Collateral;
or any Loan Party denies in writing that it has any or further liability or obligation under any Loan Document (other than as a result
of repayment in full of the Obligations and termination of the Aggregate Commitments), or purports in writing to revoke or rescind any
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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(j)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(k)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(l)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(m)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Closing
Date</U>. The Closing Date shall not have occurred within three (3)&#8239;Business Days of the Petition Date; 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(n)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>OpCo
DIP Credit Agreement</U>. An Event of Default (as defined in the OpCo DIP Credit Agreement) has occurred and is continuing; <U>provided</U>
that, such Event of Default under the OpCo DIP Credit Agreement shall only constitute an Event of Default hereunder if (a)&#8239;the Required
Lenders (as defined in the OpCo DIP Credit Agreement) have delivered to the OpCo Borrowers a Termination Notice (as defined in the OpCo
DIP Credit Agreement, an &ldquo;<U>OpCo Termination Notice</U>&rdquo;) under the OpCo DIP Credit Agreement as a result of such Event
of Default and (b)&#8239;such OpCo Termination Notice has not been rescinded; 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(o)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Chapter
11 Cases</U>. There shall have occurred any of the following in the Chapter 11 Cases:</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
bringing of a motion by any SHC Debtor in the Chapter 11 Cases, or the entry of any order by the Bankruptcy Court in the Chapter 11 Cases:
(A)&#8239;except as provided in this Agreement, the Interim DIP Order or the Final DIP Order, as the case may be, with respect to obtaining
additional financing under section 364(c)&#8239;or (d)&#8239;of the Bankruptcy Code that are <I>pari passu</I> or senior to the Obligations
under this Agreement; (B)&#8239;granting any Lien that is <I>pari passu</I> or senior to Liens granted to the Lenders hereunder, other
than Liens expressly permitted under this Agreement upon or affecting any Collateral; (C)&#8239;except as provided in this Agreement,
the Interim DIP Order or the Final DIP Order, as the case may be, authorizing use of cash collateral of the Administrative Agent under
section 363(c)&#8239;of the Bankruptcy Code without the prior written consent of the Administrative Agent and the Required Lenders; or
(D)&#8239;terminating or modifying the consensual use of prepetition cash collateral, other than as provided in this Agreement and the
DIP Orders, and subject to the Carve-Out and Prior 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: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
entry of an order by the Bankruptcy Court authorizing any SHC Debtor to take any action materially adverse to the rights and remedies
of the Administrative Agent or the Lenders hereunder or their interest in the Collateral, unless such order has been stayed, reserved,
or vacated within ten (10)&#8239;calendar days after the entry 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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
entry of an order in the Chapter 11 Cases amending, supplementing, staying, reversing, vacating or otherwise modifying any Loan Document
or the DIP Orders or impairing or modifying any of the liens, security interests, claims, rights, remedies, privileges, benefits or protections
of the Administrative Agent and the Lenders under the DIP Orders or the Loan Documents, in each case, without the prior written consent
of the Required Lenders;</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
payment of, or granting adequate protection (except pursuant to the Adequate Protection Provisions or any DIP Order), or application
by any Loan Party for authority to pay or grant adequate protection (except pursuant to the Adequate Protection Provisions or any DIP
Order), any Prepetition SHC Obligations or other prepetition claim without the Required Lenders&rsquo; prior written consent other than
(A)&#8239;as provided in any &ldquo;first day order&rdquo; in form and substance acceptable to the Required Lenders, or (B)&#8239;to the
extent such payment is expressly permitted pursuant to this Agreement or consented to by the Required Lenders;</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
entry of an order by the Bankruptcy Court appointing, the filing of an application by any SHC Debtor, for an order seeking the appointment
of, or the appointment otherwise of, in each case, without the prior written consent of the Required Lenders, an interim or permanent
trustee in any of the Chapter 11 Cases or the appointment of a responsible officer, receiver or an examiner under section 1104 of the
Bankruptcy Code in the Chapter 11 Cases (other than the Debtors acting as debtors in possession under the Bankruptcy Code), with expanded
powers (including any powers beyond those set forth in sections 1106(a)(3)&#8239;and 1106(a)(4)&#8239;of the Bankruptcy Code) to operate
or manage the financial affairs, the business, or reorganization of the Borrowers or with the power to conduct an investigation of (or
compel discovery from) any of the Secured Parties or against any of the Prepetition Super Holdco Secured Parties; or the sale without
the Required Lenders&rsquo; consent, of any Loan Party&rsquo;s assets (including through a sale under section 363 of the Bankruptcy Code),
except to the extent expressly permitted hereunder and the DIP Orders;</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(vii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
dismissal of the Chapter 11 Cases, or if any SHC Debtor shall file a motion or other pleading seeking the dismissal of the Chapter 11
Cases;</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(viii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
conversion of any Chapter 11 Case from a case under chapter 11 of the Bankruptcy Code to a case under chapter 7 of the Bankruptcy Code
or into any other bankruptcy proceeding under any Debtor Relief Laws, as applicable, or any SHC Debtor shall file a motion or other pleading
seeking the conversion of the Chapter 11 Cases under section 1112 of the Bankruptcy Code or otherwise, in each case, without the prior
written consent of the Required Lenders;</P>

<P STYLE="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>
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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: 1.5in"><FONT STYLE="font-size: 10pt">(ix)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
entry of an order by the Bankruptcy Court granting relief from or modifying the automatic stay of section 362 of the Bankruptcy Code
(x)&#8239;to allow any creditor to execute upon or enforce a Lien on any Collateral that has an aggregate value in excess of $2,500,000,
or (y)&#8239;with respect to any Lien of or the granting of any Lien on any Collateral that has an aggregate value in excess of $2,500,000
to any state or local environmental or regulatory agency or authority having priority over the Liens in favor of the Administrative Agent
or the Prepetition Super Holdco 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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(x)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
entry of an order in the Chapter 11 Cases, avoiding, recharacterizing, subordinating, disgorging or requiring repayment of any portion
of the payments made on account of the Obligations owing under this Agreement or the other 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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
failure of any SHC Debtor to comply with or perform any of its material obligations under the Interim DIP Order or the Final DIP Order,
or any violation of any of the material terms of the Interim DIP Order or the Final DIP Order, subject to any applicable grace or cure
periods;</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(xii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
failure of any Loan Party to satisfy the Milestones;</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(xiii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
entry of an order in any of the Chapter 11 Cases granting any super priority administrative claim or Lien equal or superior to that granted
to the Administrative Agent, on behalf of itself and the Lenders without the consent in writing of the Required Lenders, except (A)&#8239;in
respect of the Carve-Out in accordance with the DIP Orders and (B)&#8239;as expressly provided in the Adequate Protection 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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xiv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
filing of a motion by any SHC Debtor requesting, or the entry of any order granting, any super-priority administrative expense claim
which is senior to or <I>pari passu</I> with the Lenders&rsquo; claims or with the claims of the Prepetition Super Holdco Secured Parties
without the consent in writing of the Required Lenders, except (A)&#8239;in respect of the Carve-Out and Prior Liens and (B)&#8239;as expressly
provided in the Adequate Protection 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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
entry of an order precluding any administrative agent or the applicable agent under any Prepetition Super Holdco Loan Documents from
having the right to or being permitted to &ldquo;credit bid&rdquo; with respect to the assets of the SHC Debtors;</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(xvi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
SHC Debtors&rsquo; &ldquo;exclusive period&rdquo; under Section&#8239;1121 of the Bankruptcy Code for the filing and/or solicitation of
a chapter 11 plan is terminated or shortened for any reason</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(xvii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>(A)&#8239;any
SHC Debtor shall (i)&#8239;challenge or contest the validity or enforceability of the DIP Orders or any Loan Document or deny that it
has further liability thereunder, (ii)&#8239;challenge or contest the nature, extent, amount, enforceability, validity, priority or perfection
of the Obligations, Liens securing the Obligations, the DIP Superpriority Claims, Loan Documents, Adequate Protection Liens, Adequate
Protection Claims, the Prepetition Super Holdco Secured Obligations, the Liens securing the Prepetition Super Holdco Secured Obligations
or the Prepetition Super Holdco Loan Documents, (iii)&#8239;assert any claim, defense or cause of action that seeks to avoid, recharacterize,
subordinate (whether equitable subordination or otherwise), disgorge, disallow, impair or offset all or any portion of the Obligations,
Liens securing the Obligations, the DIP Superpriority Claims, Loan Documents, Adequate Protection Liens, Adequate Protection Claims,
the Prepetition Super Holdco Secured Obligations, the Liens securing the Prepetition Super Holdco Secured Obligations or the Prepetition
Super Holdco Loan Documents, (iv)&#8239;investigate, join or file any motion, application or other pleading in support of, or publicly
support any other Person that has asserted any of the claims, challenges or other requested relief contemplated in clauses (i)&#8239;-
(iii)&#8239;above, or fails to timely contest such claims, challenges or other requested relief in good faith; or (B)&#8239;the entry of
a judgment or order in any of the Chapter 11 Cases sustaining any of the claims, challenges, causes of action or other relief contemplated
in clauses (i)&#8239;- (iii)&#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">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xviii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>any
of the Interim DIP Order or the Final DIP Order (a)&#8239;at any time ceases to be in full force and effect, or with respect to the Interim
DIP Order, subject to the entry of the Final DIP Order or (b)&#8239;shall be vacated, reversed, stayed, amended, supplemented or modified
without the prior written consent of the Required Lenders;</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(xix)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Final DIP Order has not been entered by the Bankruptcy Court within thirty-five (35) calendar days after the Petition 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: 1.5in"><FONT STYLE="font-size: 10pt">(xx)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>subject
to entry of the Final DIP Order, the entry of any order in any of the Chapter 11 Cases (a)&#8239;charging any of the Collateral with respect
to the Secured Parties, whether under Section&#8239;506(c)&#8239;of the Bankruptcy Code or otherwise or (b)&#8239;charging any of the collateral
securing the Prepetition Super Holdco Secured Obligations, whether under Section&#8239;506(c)&#8239;of the Bankruptcy Code 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: 1.5in"><FONT STYLE="font-size: 10pt">(xxi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>any
SHC Debtor shall consummate or seek to obtain Bankruptcy Court approval of any sale or other disposition of all or any portion of the
Collateral pursuant to Section&#8239;363 of the Bankruptcy Code or otherwise (other than in ordinary course of business and that is expressly
permitted by the Approved Budget and this Agreement), without the prior written consent of the Required Lenders whether as a part of
or outside of a plan of reorganization or liquidation, or any SHC Loan Party proposes, supports or fails to contest in good faith the
entry of such an order;</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(xxii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>cessation
of Liens or super-priority claims granted with respect to this Agreement to be valid, perfected (in the case of any Liens) and enforceable
in all respects;</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(xxiii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
confirmation of a plan of reorganization or liquidation that does not provide for treatment of the Obligations and the Prepetition Super
Holdco Secured Obligations consistent with the Restructuring Support Agreement or otherwise acceptable to the Required Lenders, or any
SHC Debtor proposes or supports, or fails to contest in good faith, the entry of such a plan of reorganization or liquidation, unless
such plan contemplates indefeasibly paying the Obligations and the Prepetition Super Holdco Secured Obligations in full in cash on the
effective date of such plan;</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(xxiv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>if
(a)&#8239;the Prepetition Second Lien Intercreditor Agreement shall for any reason, except to the extent permitted by the terms thereof,
cease to be in full force and effect and valid, binding and enforceable in accordance with its terms against the Borrowers, any party
thereto or any holder of the liens subordinated thereby, or shall be repudiated by any Loan Party, or be amended, modified or supplemented
to cause the liens securing the Prepetition Second Lien Notes Obligations to be senior or pari passu in priority to the liens securing
the Prepetition Super Holdco Secured Obligations, (b)&#8239;the SHC Borrowers take any action inconsistent with the terms of the Existing
SHC Intercreditor Agreement (other than in connection with the Plan), or (c)&#8239;any order of any court of competent jurisdiction is
granted which is materially inconsistent with the terms of the Prepetition Second Lien Intercreditor Agreement and would reasonably be
expected to be adverse to the interests of the Lenders under the Prepetition Super Holdco 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"></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: 1.5in"><FONT STYLE="font-size: 10pt">(xxv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>if
(a)&#8239;the Four Party Intercreditor Agreement shall for any reason, except to the extent permitted by the terms thereof, cease to be
in full force and effect and valid, binding and enforceable in accordance with its terms against the Borrowers, any party thereto or
any holder of the liens subordinated thereby, or shall be repudiated by any Loan Party, or be amended, modified or supplemented to cause
the liens securing the Prepetition Second Lien Notes Obligations to be senior or pari passu in priority to the liens securing the Prepetition
Super Holdco Secured Obligations, (b)&#8239;the Borrowers take any action inconsistent with the terms of the Four Party Intercreditor
Agreement (other than in connection with the Plan), or (c)&#8239;any order of any court of competent jurisdiction is granted which is
materially inconsistent with the terms of the Four Party Intercreditor Agreement and would reasonably be expected to be adverse to the
interests of the Lenders under the Prepetition Super Holdco 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: 1.5in"><FONT STYLE="font-size: 10pt">(xxvi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>reversal
or modification of the Roll-Up Term Loans provided for hereunder by the Bankruptcy Court without the written consent of the Required
Lenders;</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(xxvii)&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Bankruptcy Court shall cease to have exclusive jurisdiction with respect to all matters relating to the exercise of rights and remedies
under the Loan Documents, the DIP Orders, the Liens granted under the Collateral Documents and 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 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;8.02&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Remedies
Upon Event of Default</B>. Subject to the DIP Orders, if an Event of Default occurs and is continuing, the Administrative Agent may and,
acting at the request of the Required Lenders, shall, upon delivery of a Termination Notice (as defined in the DIP Orders, a &ldquo;<U>Termination
Notice</U>&rdquo;) in accordance with, and to the extent permitted by, the DIP Orders, take any or all of the following actions:</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>declare
the commitment of each Lender to make Term Loans to be terminated, whereupon such commitments and obligation shall be terminated;</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>declare
the unpaid principal amount of all outstanding Term Loans, all interest accrued and unpaid thereon, and all other Obligations owing or
payable hereunder or under any other Loan Document (including, without limitation, the Redemption Premium) to be immediately due and
payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by the 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>exercise
on behalf of itself and the Lenders all rights and remedies available to it and the Lenders under the Loan Documents or 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"></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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;8.03&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Application
of Funds</B>. After the exercise of remedies provided for in <U>Section&#8239;8.02</U> (or after the Term Loans have automatically become
immediately due and payable as set forth in the proviso to <U>Section&#8239;8.02</U>), any amounts received on account of the Obligations
(whether received as a consequence of the exercise of such remedies or a distribution out of any proceeding in respect of or commenced
under any proceeding under any Debtor Relief Law including payments in respect of &ldquo;adequate protection&rdquo; for the use of Collateral
during such proceeding or under any plan of reorganization or on account of any liquidation of any Loan Party) shall be applied by the
Administrative Agent in the following order (to the fullest extent permitted by mandatory provisions of 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><U>First</U></FONT>,
to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (other than principal and interest,
but including Attorney Costs payable under <U>Section&#8239;10.04</U> and amounts payable under <U>Article&#8239;III</U>) payable to the
Administrative Agent or the Collateral Agent in its capacity as such;</P>

<P STYLE="font: 10pt 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: 0.5in"><FONT STYLE="font-size: 10pt"><U>Second</U></FONT>,
to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal and interest) payable
to the Lenders (including Attorney Costs payable under <U>Section&#8239;10.04</U> and amounts payable under <U>Article&#8239;III</U>),
ratably among them in proportion to the amounts described in this clause Second payable to them (irrespective of when such amounts were
incurred or accrued or whether any such amounts are allowed in any proceeding under any Debtor Relief 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><U>Third</U></FONT>,
to payment of that portion of the Obligations constituting accrued and unpaid interest on the Term Loans, and any fees and premiums,
ratably among the applicable Secured Parties in proportion to the respective amounts described in this clause Third payable to them (irrespective
of when such amounts were incurred or accrued or whether any such amounts are allowed in any proceeding under any Debtor Relief 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><U>Fourth</U></FONT>,
to payment of that portion of the Obligations constituting unpaid principal of the Term Loans, and any breakage, termination or other
payments, ratably among the applicable Secured Parties in proportion to the respective amounts described in this clause Fourth held by
them (irrespective of when such amounts were incurred or accrued or whether any such amounts are allowed in any proceeding under any
Debtor Relief 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><U>Fifth</U></FONT>,
to the payment of all other Obligations that are due and payable to the Administrative Agent and the other Secured Parties on such date,
ratably based upon the respective aggregate amounts of all such Obligations owing to the Administrative Agent and the other Secured Parties
on such date; 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: 0.5in"><FONT STYLE="font-size: 10pt"><U>Last</U></FONT>,
the balance, if any, after all of the Obligations have been paid in full, to the Lead Borrower or as otherwise required 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"></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"><FONT STYLE="text-transform: uppercase"><B>Article&#8239;IX</B></FONT></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"><FONT STYLE="text-transform: uppercase"><B>Administrative
Agent and Other Agents</B></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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;9.01&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Appointment
and Authorization of Agents</B>. (a)&#8239;Each Lender hereby irrevocably appoints, designates and authorizes each of the Administrative
Agent and the Collateral Agent to take such action on its behalf under the provisions of this Agreement and each other Loan Document
and to exercise such powers and perform such duties as are expressly delegated to it by the terms of this Agreement or any other Loan
Document, together with such powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary contained elsewhere
herein or in any other Loan Document, neither the Administrative Agent nor the Collateral Agent shall have any duties or responsibilities,
except those expressly set forth herein, nor shall the Administrative Agent or the Collateral Agent have or be deemed to have any fiduciary
relationship with any Lender or Participant, and no implied covenants, functions, responsibilities, duties, obligations or liabilities
shall be read into this Agreement or any other Loan Document or otherwise exist against the Administrative Agent or the Collateral Agent.
Without limiting the generality of the foregoing sentence, the use of the term &ldquo;agent&rdquo; herein and in the other Loan Documents
with reference to any Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine
of any applicable Law. Instead, such term is used merely as a matter of market custom, and is intended to create or reflect only an administrative
relationship between independent contracting 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Notwithstanding
the provisions of <U>Section&#8239;9.15</U>, each of the Secured Parties hereby irrevocably appoints and authorizes the Collateral Agent
to act as the agent of (and to hold any security interest created by the Collateral Documents for and on behalf of or in trust or as
agent for) such Secured Party for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by the Loan Parties
to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection,
the Collateral Agent (and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to <U>Section&#8239;9.02</U>
for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Collateral Documents, or for
exercising any rights and remedies thereunder at the direction of the Collateral Agent), shall be entitled to the benefits of all provisions
of this <U>Article&#8239;IX</U> (including, <U>Section&#8239;9.07</U>, as though such co-agents, sub-agents and attorneys-in-fact were
the Collateral Agent under the Loan Documents) as if set forth in full herein with respect 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>For
the avoidance of doubt, nothing in any Loan Document shall be construed so as to constitute an obligation of the Administrative Agent
or the Collateral Agent to perform any services which it would not be entitled to render pursuant to the provisions of the German Act
on Rendering Legal Services (Rechtsdienstleistungsgesetz) or pursuant to the provisions of the German Tax Advisory Act (Steuerberatungsgesetz)
or any other services that require an express official approval, licence or registration, unless the Administrative Agent or Collateral
Agent holds the required approval, licence or registration.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>With
respect to Swiss Security:</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Collateral Agent (and each agent or sub-agent or attorney-in-fact appointed by the Collateral Agent from time to time pursuant to Section&#8239;9.02
and/or any successor collateral agent appointed from time to time pursuant to Section&#8239;9.09 and/or any Supplemental Agent appointed
from time to time pursuant to Section&#8239;9.13) shall accept, hold, administer and, as the case may be, enforce 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-align: justify; text-indent: 2in"><FONT STYLE="font-size: 10pt">(A)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>any
Swiss Security of accessory (<I>akzessorische</I>) nature;</P>

<P STYLE="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: 2in"><FONT STYLE="font-size: 10pt">(B)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
benefit of this Section; 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-align: justify; text-indent: 2in"><FONT STYLE="font-size: 10pt">(C)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>any
proceeds of such Swiss Security,</P>

<P STYLE="font: 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">acting in its own name and as representative
(<I>direkter Stellvertreter</I>) in the name and for account of each of the other 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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Collateral Agent (and each agent or sub-agent or attorney-in-fact appointed by the Collateral Agent from time to time pursuant to Section&#8239;9.02
and/or any successor collateral agent appointed from time to time pursuant to Section&#8239;9.09 and/or any Supplemental Agent appointed
from time to time pursuant to Section&#8239;9.13) shall accept, hold, administer and, as the case may be, enforce 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-align: justify; text-indent: 2in"><FONT STYLE="font-size: 10pt">(A)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>any
Swiss Security of non-accessory (<I>nicht akzessorische</I>) nature;</P>

<P STYLE="font: 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: 2in"><FONT STYLE="font-size: 10pt">(B)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>with
respect to the Parallel Debt only, any Swiss Security of accessory (<I>akzessorische</I>) nature;</P>

<P STYLE="font: 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: 2in"><FONT STYLE="font-size: 10pt">(C)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
benefit of this Section&#8239;and, as applicable, of the Parallel 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; text-align: justify; text-indent: 2in"><FONT STYLE="font-size: 10pt">(D)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>any
proceeds of such Swiss Security,</P>

<P STYLE="font: 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">as fiduciary (<I>treuh&auml;nderisch</I>) in
its own name or, with respect to the Parallel Debt, as creditor in its own right and not as a representative of the other Secured Parties,
but for the benefit of all 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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>each
present and future Secured Party (other than the Collateral Agent) hereby appoints, instructs and authorizes the Collateral Agent (and
each agent or sub-agent or attorney-in-fact appointed by the Collateral Agent from time to time pursuant to Section&#8239;9.02 and/or
any successor collateral agent appointed from time to time pursuant to Section&#8239;9.09 and/or any Supplemental Agent appointed from
time to time pursuant to Section&#8239;9.13) to accept, hold, administer and, as the case may be, enforce or release the Swiss Security,
the benefit of sub-paragraphs (i)&#8239;and (ii)&#8239;and, as applicable, of the Parallel Debt and any proceeds of such Swiss Security
as set out in sub-paragraphs (i)&#8239;and (ii)&#8239;and in the respective Collateral Document constituting the Swiss Security, and the
Collateral Agent (and each agent or sub-agent or attorney-in-fact appointed by the Collateral Agent from time to time pursuant to Section&#8239;9.02
and/or any successor collateral agent appointed from time to time pursuant to Section&#8239;9.09 and/or any Supplemental Agent appointed
from time to time pursuant to Section&#8239;9.13) hereby accepts such appointment; 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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>each
present and future Secured Party (other than the Collateral Agent) hereby instructs and authorizes the Collateral Agent (and each agent
or sub-agent or attorney-in-fact appointed by the Collateral Agent from time to time pursuant to Section&#8239;9.02 and/or any successor
collateral agent appointed from time to time pursuant to Section&#8239;9.09 and/or any Supplemental Agent appointed from time to time
pursuant to Section&#8239;9.13) in its own name and/or in the name of such Secured Party as its representative (<I>direkter Stellvertreter</I>),
as the case may be to give effect to this paragraph, to enter into, amend, replace, rescind or terminate any Collateral Document or other
document constituting the Swiss Security, to exercise any rights and perform any obligations thereunder and to make and accept all declarations
and take all actions it considers necessary or useful in connection with any Swiss Security on behalf of such Secured Party (other than
the Collateral 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 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;9.02&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Delegation
of Duties</B>. Each of the Administrative Agent and the Collateral Agent may execute any of its duties under this Agreement or any other
Loan Document (including for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Collateral
Documents or of exercising any rights and remedies thereunder) by or through agents, sub-agents, employees or attorneys-in-fact and shall
be entitled to advice of counsel and other consultants or experts concerning all matters pertaining to such duties. The Administrative
Agent shall not be responsible for the supervision, negligence or misconduct of any agent or sub-agent or attorney-in-fact or employee
that it selects in the absence of gross negligence or willful misconduct (as determined in the final non-appealable judgment of a court
of competent jurisdiction). Any such delegation made shall not preclude the subsequent exercise of those rights and powers by the Agent,
any revocation of such delegation or any subsequent delegation of any such rights, powers, authorities and discretions.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;9.03&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Liability
of Agents</B>. No Agent-Related Person shall (a)&#8239;be liable for any action taken or omitted to be taken by any of them under or in
connection with this Agreement or any other Loan Document or the transactions contemplated hereby (except for its own gross negligence
or willful misconduct, as determined by the final non-appealable judgment of a court of competent jurisdiction, in connection with its
duties expressly set forth herein), or (b)&#8239;be responsible in any manner to any Lender or Participant for any recital, statement,
representation or warranty made by any Loan Party or any officer thereof, contained herein or in any other Loan Document, or in any certificate,
report, statement or other document referred to or provided for in, or received by the Administrative Agent or the Collateral Agent under
or in connection with, this Agreement or any other Loan Document, or the validity, effectiveness, genuineness, enforceability or sufficiency
of this Agreement or any other Loan Document, or the perfection or priority of any Lien or security interest created or purported to
be created under the Collateral Documents, or for any failure of any Loan Party or any other party to any Loan Document to perform its
obligations hereunder or thereunder. No Agent-Related Person shall be under any obligation to any Lender or participant to ascertain
or to inquire as to the observance or performance of any of the agreements contained in, or conditions of, this Agreement or any other
Loan Document, or to inspect the properties, books or records of any Loan Party or any Affiliate thereof. Neither the Administrative
Agent nor the Collateral Agent shall be required to use, risk or advance its own funds or otherwise incur financial liability in the
performance of any of its duties or the exercise of any of its rights and powers hereunder. In no event shall either the Administrative
Agent or the Collateral Agent be liable for any indirect, special, punitive or consequential loss or damage of any kind whatsoever, including,
but not limited to, lost profits, even if such loss or damage was foreseeable or it has been advised of the likelihood of such loss or
damage and regardless of the form of action.</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">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;9.04&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Reliance
by Agents</B>. (a)&#8239;Each Agent shall be entitled to rely, and shall be fully protected in relying, upon any writing, communication,
signature, resolution, representation, notice, consent, certificate, affidavit, letter, facsimile, electronic mail message, statement
or other document believed by it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons, and
upon advice and statements of legal counsel (including counsel to any Loan Party), independent accountants and other experts selected
by such Agent. Each Agent shall be fully justified in failing or refusing to take any action under any Loan Document unless it shall
first receive such advice or concurrence of the Required Lenders as it deems appropriate and, if it so requests, it shall first be indemnified
to its satisfaction by the Lenders against any and all liability and expense which may be incurred by it by reason of taking or continuing
to take any such action. Each Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement
or any other Loan Document in accordance with a written request or consent of the Required Lenders (or such greater number of Lenders
as may be expressly required hereby in any instance) and such request and any action taken or failure to act pursuant thereto shall be
binding upon all the Lenders. The Administrative Agent and the Collateral Agent shall not be liable for any error of judgment, or for
any act done or step taken or omitted by it in good faith or for any mistake in act or law, or for anything which it may do or refrain
from doing in connection herewith, in each case except for its own gross negligence or willful misconduct (as determined in the final
non-appealable judgment of a court of competent jurisdiction).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>For
purposes of determining compliance with the conditions specified in Section&#8239;4.01, Section&#8239;4.02 or Section&#8239;4.03 with respect
to Credit Extensions on the Closing Date, each Lender that has signed this Agreement shall be deemed to have consented to, approved or
accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or
satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Closing Date
specifying its objection 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Each
Agent shall be entitled to rely upon advice of counsel concerning legal matters and such advice shall be full protection and authorization
for any action taken by such Agent in good faith thereon.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>If
at any time either the Administrative Agent or the Collateral Agent is served with any judicial or administrative order, judgment, decree,
writ or other form of judicial or administrative process (including orders of attachment or garnishment or other forms of levies or injunctions
or stays relating to the transfer of any Collateral), such Agent is authorized to comply therewith in any manner as it or its legal counsel
of its own choosing deems appropriate, and if such Agent complies with any such judicial or administrative order, judgment, decree, writ
or other form of judicial or administrative process, such Agent shall not be liable to any of the parties hereto or to any other person
even though such order, judgment, decree, writ or process may be subsequently modified or vacated or otherwise determined to have been
without legal force or 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"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>In
connection with the delivery of any information to the Administrative Agent or the Collateral Agent by any other person to be used in
connection with the preparation or distribution of calculations or reports, the Administrative Agent and Collateral Agent are entitled
to conclusively rely on the accuracy of any such information and shall not be required to investigate or reconfirm its accuracy and shall
not be liable in any manner whatsoever for any errors, inaccuracies or incorrect information resulting from the use of this 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>If
the Administrative Agent or the Collateral Agent shall reasonably require any information to perform its duties under the Loan Documents,
the Loan Parties shall, to the extent it has such information, provide such information promptly upon 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Whether
or not so expressly stated therein, in entering into, or taking (or forbearing from) any action under pursuant to, the Loan Documents,
the Administrative Agent and the Collateral Agent shall have all of the rights, immunities, indemnities and other protections granted
to it 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Each
Lender hereby agrees that if the Administrative Agent notifies such Lender (any such Lender or other recipient, a &ldquo;<U>Payment Recipient</U>&rdquo;)
in writing that the Administrative Agent has determined in its reasonable discretion that the Administrative Agent or its Affiliates
mistakenly transmitted funds to such Payment Recipient (as a result of a clerical, mechanical or technological error, whether or not
known to such Payment Recipient) (whether as a payment, prepayment or repayment of principal, interest, fees or otherwise; individually
and collectively, an &ldquo;<U>Erroneous Payment</U>&rdquo;) and demands in writing the return of such Erroneous Payment (or a portion
thereof), such Payment Recipient shall make commercially reasonable efforts to promptly return to the Administrative Agent the amount
of any such Erroneous Payment (or portion thereof) as to which such a written demand was made, in same day funds (in the currency so
received). A notice from the Administrative Agent to any Lender under this Section&#8239;9.04(h)&#8239;shall set forth the facts and circumstances
resulting in such Erroneous Payment; provided that the Agent shall not make any demand under this Section&#8239;9.04(h)&#8239;unless the
notice described herein is delivered within 30 days after the making of the applicable Erroneous Payment.</P>

<P STYLE="font: 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: 1.75in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Each
Payment Recipient hereby authorizes the Administrative Agent to set off, net and apply any amounts at any time owing to such Payment
Recipient under any Loan Document against any amount due to the Administrative Agent under the preceding clause.</P>

<P STYLE="font: 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: 1.75in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Borrower and each other Loan Party hereby agrees that (i)&#8239;in the event an Erroneous Payment (or portion thereof) is not recovered
from any Payment Recipient (and without limiting the Administrative Agent&rsquo;s rights and remedies under this Section&#8239;9.04),
the Administrative Agent shall be subrogated to all the rights of such Payment Recipient with respect to such amount and (ii)&#8239;an
Erroneous Payment shall not pay, prepay, repay, discharge or otherwise satisfy any Obligations owed by the Borrower or any other Loan
Party; provided that this Section&#8239;9.04 shall not be interpreted to increase (or accelerate the due date for), or have the effect
of increasing (or accelerating the due date for), the Obligations of the Borrower relative to the amount (and/or timing for payment)
of the Obligations that would have been payable had such Erroneous Payment not been made by the Administrative Agent; provided, further,
that for the avoidance of doubt, immediately preceding clauses (i)&#8239;and (ii)&#8239;shall not apply to the extent any such Erroneous
Payment is, and solely with respect to the amount of such Erroneous Payment that is, comprised of funds received by the Administrative
Agent from the Borrower for the purpose of making such Erroneous Payment. If the amount of any Erroneous Payment is subsequently recovered
by the Administrative Agent or its Affiliate, the Administrative Agent or its Affiliate shall return to the applicable Payment Recipient
either (x)&#8239;the Loans acquired pursuant to this clause (ii), or (y)&#8239;if applicable, the proceeds of such 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"></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: 1.75in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>In
addition to any rights and remedies of the Administrative Agent provided by law, the Administrative Agent shall have the right, without
prior notice to any Lender, any such notice being expressly waived by such Lender to the extent permitted by applicable law, with respect
to any Erroneous Payment for which a demand has been made in accordancewith this Section&#8239;9.04 and which has not been returned to
the Administrative Agent, to set off and appropriate and apply against such amount any and all deposits (general or special, time or
demand, provisional or final but excluding trust accounts), in any currency, and any other credits, indebtedness or claims, in any currency,
in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Administrative
Agent or any Affiliate, branch or agency thereof to or for the credit or the account of such Lender. The Administrative Agent agrees
promptly to notify the Lender after any such setoff and application made by Administrative Agent; provided that the failure to give such
notice shall not affect the validity of such setoff and application.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.75in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Each
party&rsquo;s obligations under this Section&#8239;9.04 shall survive the resignation or replacement of the Administrative Agent, the
termination of the Commitments or the repayment, satisfaction or discharge of all Obligations (or any portion thereof) under any 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-align: justify; text-indent: 1.75in"><FONT STYLE="font-size: 10pt">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Notwithstanding
the foregoing, the Lenders and Payment Recipients shall have no obligation under this Section&#8239;9.04 to the extent that, as a result
of the Erroneous Payment or in connection therewith (or as a result of the actions described above), (i)&#8239;the Liens securing the
obligations have been released, the perfection or priority of the Liens has been impaired, or any applicable preference period would
be deemed re-started or (ii)&#8239;the applicable Payment Recipient&rsquo;s claim against any Loan Party would be impaired as a result
of such Erroneous Payment.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;9.05&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Notice
of Default</B>. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default, unless the
Administrative Agent shall have received written notice from a Lender or a Loan Party referring to this Agreement, describing such Default
and stating that such notice is a &ldquo;notice of default.&rdquo; The Administrative Agent will notify the Lenders of its receipt of
any such notice. The Administrative Agent shall take such action with respect to any Event of Default as may be directed by the Required
Lenders in accordance with <U>Article&#8239;VIII</U>; <U>provided</U> that unless and until the Administrative Agent has received any
such written direction, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action,
with respect to such Event of Default as it shall deem advisable or in the best interest of the Lenders.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;9.06&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Credit
Decision; Disclosure of Information by Agents</B>. Each Lender acknowledges that no Agent-Related Person has made any representation
or warranty to it, and that no act by any Agent hereafter taken, including any consent to and acceptance of any assignment or review
of the affairs of any Loan Party or any Affiliate thereof, shall be deemed to constitute any representation or warranty by any Agent-Related
Person to any Lender as to any matter, including whether Agent-Related Persons have disclosed material information in their possession.
Each Lender represents to each Agent that it has, independently and without reliance upon any Agent-Related Person and based on such
documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, prospects, operations,
property, financial and other condition and creditworthiness of the Loan Parties and their Subsidiaries, and all applicable bank or other
regulatory Laws relating to the transactions contemplated hereby, and made its own decision to enter into this Agreement and to extend
credit to the Borrowers hereunder. Each Lender also represents that it will, independently and without reliance upon any Agent-Related
Person and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis,
appraisals and decisions in taking or not taking action under this Agreement and the other Loan Documents, and to make such investigations
as it deems necessary to inform itself as to the business, prospects, operations, property, financial and other condition and creditworthiness
of the Loan Parties. Except for notices, reports and other documents expressly required to be furnished to the Lenders by any Agent herein,
such Agent shall not have any duty or responsibility to provide any Lender with any credit or other information concerning the business,
prospects, operations, property, financial and other condition or creditworthiness of any of the Loan Parties or any of their Affiliates
which may come into the possession of any Agent-Related 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"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;9.07&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Indemnification
of Agents</B>. Whether or not the transactions contemplated hereby are consummated, the Lenders shall indemnify upon demand each Agent-Related
Person (to the extent not reimbursed by or on behalf of any Loan Party and without limiting the obligation of any Loan Party to do so),
<U>pro rata</U> (determined as if there were no Defaulting Lenders), and hold harmless each Agent-Related Person from and against any
and all Indemnified Liabilities incurred by it; <U>provided</U> that no Lender shall be liable for the payment to any Agent-Related Person
of any portion of such Indemnified Liabilities resulting from such Agent-Related Person&rsquo;s own gross negligence or willful misconduct,
as determined by the final non-appealable judgment of a court of competent jurisdiction; <U>provided</U> that no action taken in accordance
with the directions of the Required Lenders (or such other number or percentage of the Lenders as shall be required by the Loan Documents)
shall be deemed to constitute gross negligence or willful misconduct for purposes of this <U>Section&#8239;9.07</U>. In the case of any
investigation, litigation or proceeding giving rise to any Indemnified Liabilities, this <U>Section&#8239;9.07</U> applies whether any
such investigation, litigation or proceeding is brought by any Lender or any other Person. Without limitation of the foregoing, each
Lender shall reimburse each of the Administrative Agent and the Collateral Agent upon demand for its ratable share (determined as if
there were no Defaulting Lenders) of any costs or out-of-pocket expenses (including Attorney Costs) incurred by the Administrative Agent
or the Collateral Agent, as the case may be, in connection with the preparation, execution, delivery, administration, modification, amendment
or enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or responsibilities
under, this Agreement, any other Loan Document, or any document contemplated by or referred to herein, to the extent that the Administrative
Agent or the Collateral Agent, as the case may be, is not reimbursed for such expenses by or on behalf of the Loan Parties. The undertaking
in this <U>Section&#8239;9.07</U> shall survive termination of the Aggregate Commitments, the payment of all other Obligations and the
resignation of the Administrative Agent or the Collateral Agent, as the case may be.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;9.08&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Merger
or Consolidation</B>. Any corporation or association into which either Agent may be converted or merged, or with which either may be
consolidated, or to which either may sell or transfer all or substantially all of its corporate trust business and assets as a whole
or substantially as a whole, or any corporation or association resulting from any such conversion, sale, merger, consolidation or transfer
to which either Agent is a party, will be and become the successor Agent under this Agreement and will have and succeed to the rights,
powers, duties, immunities and privileges as its predecessor, without the execution or filing of any instrument or paper or the performance
of any further 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"></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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;9.09&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Successor
Agents</B>. (a)&#8239;Each of the Administrative Agent and the Collateral Agent may resign as the Administrative Agent or the Collateral
Agent, as applicable, upon thirty (30) days&rsquo; notice to Lenders and the Lead Borrower. Such resignation shall take effect upon the
appointment of a successor Administrative Agent pursuant to this <U>Section&#8239;9.09</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>If
the Administrative Agent or the Collateral Agent resigns under this Agreement, the Required Lenders shall appoint a successor agent for
the Lenders hereunder and under the other Loan Documents, which shall be reasonably acceptable to the Lead Borrower at all times other
than during the existence of an Event of Default under <U>Section&#8239;8.01(a)</U>, <U>Section&#8239;8.01(f)</U>&#8239;or <U>Section&#8239;8.01(g)</U>&#8239;(which
consent of the Lead Borrower shall not be unreasonably withheld or delayed).</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Upon
the acceptance of its appointment as successor agent hereunder, the Person acting as such successor agent shall succeed to all the rights,
powers and duties of the retiring Administrative Agent or retiring Collateral Agent, as applicable, and the term &ldquo;<U>Administrative
Agent</U>&rdquo; or &ldquo;<U>Collateral Agent</U>,&rdquo; as applicable, shall mean such successor administrative agent or collateral
agent and/or Supplemental Agent, as the case may be, and the retiring Administrative Agent&rsquo;s or Collateral Agent&rsquo;s, as applicable,
appointment, powers and duties as the Administrative Agent or Collateral Agent shall be terminated. After the retiring Administrative
Agent&rsquo;s or the Collateral Agent&rsquo;s resignation hereunder as the Administrative Agent or Collateral Agent, as applicable, the
provisions of this <U>Article&#8239;IX</U> and <U>Sections 10.04</U> and <U>10.05</U> shall inure to its benefit as to any actions taken
or omitted to be taken by it while it was the Administrative Agent or Collateral Agent, as applicable, 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>If
no successor agent has accepted appointment as the Administrative Agent or the Collateral Agent, as applicable, by the date which is
thirty (30) days following the retiring Administrative Agent&rsquo;s or Collateral Agent&rsquo;s, as applicable, notice of resignation,
the retiring Administrative Agent&rsquo;s or the retiring Collateral Agent&rsquo;s, as applicable, resignation shall nevertheless thereupon
become effective and the Lenders shall perform all of the duties of the Administrative Agent or Collateral Agent, as applicable, hereunder
until such time, if any, as the Required Lenders appoint a successor agent as provided for 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Upon
the acceptance of any appointment as the Administrative Agent or Collateral Agent hereunder by a successor and upon the execution and
filing or recording of such financing statements, or amendments thereto, and such other instruments or notices, as may be necessary or
desirable, or as the Required Lenders may request, in order to (i)&#8239;continue the perfection of the Liens granted or purported to
be granted by the Collateral Documents or (ii)&#8239;otherwise ensure that <U>Section&#8239;6.11</U> is satisfied, the Administrative Agent
or Collateral Agent, as applicable, shall thereupon succeed to and become vested with all the rights, powers, discretion, privileges,
and duties of the retiring Administrative Agent or Collateral Agent, as applicable, and the retiring Administrative Agent or Collateral
Agent, as applicable, shall be discharged from its duties and obligations 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"></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"><FONT STYLE="font-size: 10pt">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>After
the retiring Administrative Agent&rsquo;s or Collateral Agent&rsquo;s resignation hereunder as the Administrative Agent or the Collateral
Agent, the provisions of this <U>Article&#8239;IX</U> shall continue in effect for its benefit in respect of any actions taken or omitted
to be taken by it while it was acting as the Administrative Agent or the Collateral Agent, as applicable and the retiring Administrative
Agent and the Collateral Agent, as the case may be, shall remain indemnified to the extent provided in this Agreement and the other 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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;9.10&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Administrative
Agent May&#8239;File Proofs of Claim</B>. In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization,
arrangement, adjustment, judicial management, composition or other judicial proceeding relative to any Loan Party, the Administrative
Agent (irrespective of whether the principal of any Term Loan 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 either Borrower or the Collateral Agent)
shall be (to the fullest extent permitted by mandatory provisions of applicable Law) entitled and empowered, 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>(ix)&#8239;at
the written direction of the Required Lenders, to file and prove a claim for the whole amount of the principal and interest owing and
unpaid in respect of the Term Loans 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 Collateral Agent and the Administrative Agent (including any claim for the
reasonable compensation, expenses, disbursements and advances of the Lenders, the Collateral Agent and the Administrative Agent and their
respective agents and counsel and all other amounts due the Lenders, the Collateral Agent and the Administrative Agent under <U>2.09</U>
and <U>10.04</U>) allowed in such judicial 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>to
collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">and any custodian, monitor, curator, receiver,
receiver-manager, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized
by each Lender to make such payments to the Administrative Agent or the Collateral Agent and, in the event that the Administrative Agent
shall consent to the making of such payments directly to the Lenders, to pay to the Administrative Agent or the Collateral Agent any
amount due for the reasonable compensation, expenses, disbursements and advances of the Agents and their respective agents and counsel,
and any other amounts due the Administrative Agent or the Collateral Agent under <U>Sections 2.09</U> and <U>10.04</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: justify; text-indent: 0.5in">Nothing contained herein
shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender any plan
of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or to authorize the Administrative
Agent to vote in respect of the claim of any Lender in any such 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 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;9.11&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Collateral
and Guaranty Matters</B>. Each of the Lenders irrevocably authorizes the Administrative Agent and the Collateral 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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>to
enter into and sign for and on behalf of the Lenders as Secured Parties the Collateral Documents for the benefit of the Lenders and the
other 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>to
automatically release any Lien on any property granted to or held by the Administrative Agent or Collateral Agent under any Loan Document
(i)&#8239;upon termination of the Aggregate Commitments and payment in full of all Obligations (other than contingent indemnification
obligations as to which no claim has been asserted), (ii)&#8239;at the time the property subject to such Lien is Disposed or to be Disposed
as part of or in connection with any Disposition permitted hereunder or under any other Loan Document to any Person other than a Loan
Party and (iii)&#8239;subject to <U>Section&#8239;10.01</U>, if the release of such Lien is approved, authorized or ratified in writing
by the Required Lenders;</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>If,
following the occurrence of any Event of Default, all or substantially all of the Liens granted to the Collateral Agent on the assets
of any Guarantor or Foreign Guarantor securing the Obligations are released or are required to be released (including pursuant to the
Second Lien Intercreditor Agreement), then each of the Lenders, Administrative Agent and Collateral Agent agree that immediately after
all or substantially all the Liens granted by such Guarantor or Foreign Guarantor securing the Obligations are released or required to
be released (including pursuant to the Second Lien Intercreditor Agreement), such Guarantor or Foreign Guarantor, as applicable, shall
be immediately and automatically released from the Guaranty, the Foreign Guaranty, and any other guaranty of the Obligations provided
by such Guarantor or Foreign Guarantor pursuant to the Loan Documents, 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-align: justify; text-indent: 0.5in">Upon request by the Administrative
Agent or the Collateral Agent at any time, the Required Lenders will confirm in writing the Administrative Agent&rsquo;s or the Collateral
Agent&rsquo;s authority to release its interest in particular types or items of property. In each case as specified in this <U>Section&#8239;9.11</U>,
the Administrative Agent or the Collateral Agent will (and each Lender irrevocably authorizes the Administrative Agent and the Collateral
Agent to), at the Borrowers&rsquo; expense, execute and deliver to the applicable Loan Party such documents as the Lead Borrower may
reasonably request to evidence the release of such item of Collateral from the assignment and security interest granted under the Collateral
Documents, or to evidence the release of such Guarantor from its obligations under the Guaranty, in each case in accordance with the
terms of the Loan Documents and this <U>Section&#8239;9.11</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: justify; text-indent: 0.5in">Neither the Administrative
Agent nor the Collateral Agent shall have any obligation whatsoever to any Lender or to any other person to assure that the Collateral
exists or is owned (whether in fee or by leasehold) by the person purporting to own it or is cared for, protected, or insured or has
been encumbered or that the Liens granted to the Administrative Agent or the Collateral Agent pursuant to the Loan Documents have been
properly or sufficiently or lawfully created, perfected, protected or enforced, or are entitled to any particular priority, or to exercise
at all or in any particular manner or under any duty of care, disclosure or fidelity, or to continue exercising, any of the rights granted
or available to the Agent in any of the Loan Documents; IT BEING UNDERSTOOD AND AGREED THAT IN RESPECT OF THE LOAN OR ANY LOAN DOCUMENT,
OR ANY ACT, OMISSION OR EVENT RELATED THERETO, THE AGENT SHALL NOT HAVE ANY DUTY OR LIABILITY WHATSOEVER WITH RESPECT TO ANY LOAN OR
THE LOAN DOCUMENTS TO ANY PERSON IN THE ABSENCE OF ITS OWN GROSS NEGLIGENCE OR WILLFUL MISCONDUCT AS DETERMINED BY A COURT OF COMPETENT
JURISDICTION IN A FINAL AND NON-APPEALABLE 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"></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">Beyond the exercise of reasonable
care in the custody thereof, the Collateral Agent have no duty as to any Collateral in its possession or control or in the possession
or control of any agent or bailee or any income thereon or as to preservation of rights against prior parties or any other rights pertaining
thereto. The Collateral Agent shall be deemed to have exercised reasonable care in the custody of the Collateral in its possession if
the Collateral is accorded treatment substantially equal to that which it accords similar collateral and shall not be liable or responsible
for any loss or diminution in the value of any of the Collateral, by reason of the act or omission of any carrier, forwarding agency
or other agent or bailee.</P>

<P STYLE="font: 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">Neither the Administrative
Agent nor the Collateral Agent shall have any obligation to file or record any financing statements, notices, instruments, documents,
Notes, consents or other papers as shall be necessary to (i)&#8239;create, preserve, perfect or validate any security interest granted
to the Administrative Agent or the Collateral Agent pursuant to any Loan Document or (ii)&#8239;enable the Administrative Agent or the
Collateral Agent to exercise and enforce its rights under any Loan Document. In addition, neither the Administrative Agent nor the Collateral
Agent shall have any responsibility or liability (i)&#8239;in connection with the acts or omissions of any person in respect of the foregoing
or (ii)&#8239;for or with respect to the legality, validity and enforceability of any security interest created in the Collateral or the
perfection and priority of such security 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-align: justify; text-indent: 0.5in">The Secured Parties hereby
irrevocably authorize the Administrative Agent, at the direction of the Required Lenders, to credit bid all or any portion of the Obligations
(including 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 similar Laws in any other jurisdictions to which a Loan Party is subject, (b)&#8239;at any other sale or 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 Secured Parties shall be entitled to be, and shall be, credit bid 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 would 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)
in the asset or assets so purchased (or in the Equity Interests or debt instruments of the acquisition vehicle or vehicles that are used
to consummate such purchase). In connection with any such bid (i)&#8239;the Administrative Agent shall be authorized to form one or more
acquisition vehicles to make a bid, (ii)&#8239;to adopt documents providing for the governance of the acquisition vehicle or vehicles
(provided 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 the vote of the Required Lenders, irrespective
of the termination of this Agreement and without giving effect to the limitations on actions by the Required Lenders Section&#8239;10.01
of this Agreement), (iii)&#8239;the Administrative Agent shall be authorized to assign the relevant Obligations to any such acquisition
vehicle pro rata by the Lenders, as a result of which each of the Lenders shall be deemed to have received a pro rata portion of any
Equity Interests and/or debt instruments issued by such an acquisition vehicle on account of the assignment of the Obligations to be
credit bid, all without the need for any Secured Party or acquisition vehicle to take any further action, and (iv)&#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 debt credit bid
by the acquisition vehicle or otherwise), such Obligations shall automatically be reassigned to the Lenders pro rata and the Equity Interests
and/or debt instruments issued by any acquisition vehicle on account of the Obligations that had been assigned to the acquisition vehicle
shall automatically be cancelled, without the need for any Secured Party or any acquisition vehicle to take any further action.</P>

<P STYLE="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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;9.12&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Certain
Rights of Agent</B>. If the Agent shall request instructions from the Required Lenders with respect to any action or actions (including
the failure to act) in connection with this Agreement or the other Loan Documents, such Agent shall be entitled to refrain from such
act or taking such act unless and until it shall have received written instructions from such Lenders (which instruction may be provided
in the form of email and may be provided by legal counsel or any other advisor to the Required Lenders), and such Agent shall not incur
liability to any Person by reason of so refraining. Without limiting the foregoing, no Lender shall have any right of action whatsoever
against the Agent as a result of the Agent acting or refraining from acting hereunder in accordance with the instructions of the Required
Lenders where required by the terms of this Agreement or the other Loan Documents. With respect to any term or provision of this Agreement
or any other Loan Document that requires the consent, approval, satisfaction, discretion, determination, decision, action or inaction
or any similar concept of or by the Agent, or that allows, permits, requires, empowers or otherwise provides that any matter, action,
decision or similar concept may be taken, made or determined by the Agent (including any provision that refers to any document or other
matter being satisfactory or acceptable to the Agent) without expressly referring to the requirement to obtain consent or input from
any Lenders, or to otherwise notify any Lender, or without providing that such matter is required to be satisfactory or acceptable to
the Required Lenders, such term or provision shall be interpreted to refer to the Agent exercising its discretion, it being understood
and agreed that the Agent shall be entitled to confirm that any matter is satisfactory or acceptable to the Required Lenders to the extent
that it deems such confirmation necessary or desirable.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;9.13&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Appointment
of Supplemental Agents</B>. (a)&#8239; It is recognized that in case of litigation under this Agreement or any of the other Loan Documents,
and in particular in case of the enforcement of any of the Loan Documents, or in case the Administrative Agent or the Collateral Agent
deems that by reason of any present or future Law of any jurisdiction it may not exercise any of the rights, powers or remedies granted
herein or in any of the other Loan Documents or take any other action which may be desirable or necessary in connection therewith, the
Administrative Agent and the Collateral Agent are hereby authorized to appoint an additional individual or institution selected by the
Administrative Agent or the Collateral Agent in its sole discretion as a separate trustee, co-trustee, administrative agent, collateral
agent, administrative sub-agent or administrative co-agent (any such additional individual or institution being referred to herein individually
as a &ldquo;<U>Supplemental Agent</U>&rdquo; and collectively as &ldquo;<U>Supplemental Agents</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"></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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>In
the event that the Collateral Agent, acting at the written direction of the Required Lenders, appoints a Supplemental Agent with respect
to any Collateral, (i)&#8239;each and every right, power, privilege or duty expressed or intended by this Agreement or any of the other
Loan Documents to be exercised by or vested in or conveyed to the Collateral Agent with respect to such Collateral shall be exercisable
by and vest in such Supplemental Agent to the extent, and only to the extent, necessary to enable such Supplemental Agent to exercise
such rights, powers and privileges with respect to such Collateral and to perform such duties with respect to such Collateral, and every
covenant and obligation contained in the Loan Documents and necessary to the exercise or performance thereof by such Supplemental Agent
shall run to and be enforceable by either the Collateral Agent or such Supplemental Agent, and (ii)&#8239;the provisions of this <U>Article&#8239;IX</U>
and of <U>Sections&#8239;10.04</U> and <U>10.05</U> that refer to the Administrative Agent shall inure to the benefit of such Supplemental
Agent and all references therein to the Collateral Agent shall be deemed to be references to the Collateral Agent and/or such Supplemental
Agent, as the context may require.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Should
any instrument in writing from any Loan Party be required by any Supplemental Agent so appointed by the Administrative Agent or the Collateral
Agent for more fully and certainly vesting in and confirming to him or it such rights, powers, privileges and duties, such Loan Party
shall execute, acknowledge and deliver any and all such instruments promptly upon request by the Administrative Agent or the Collateral
Agent. In case any Supplemental Agent, or a successor thereto, shall die, become incapable of acting, resign or be removed, all the rights,
powers, privileges and duties of such Supplemental Agent, to the extent permitted by Law, shall vest in and be exercised by the Administrative
Agent until the appointment of a new Supplemental 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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;9.14&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Force
Majeure</B>. In no event shall the Administrative Agent or the Collateral Agent be responsible or liable for any failure or delay in
the performance of its obligations hereunder or under the other Loan Documents arising out of or caused by, directly or indirectly, forces
beyond its control, including, without limitation, any act or provision of any present or future law or regulation or governmental authority;
acts of God; earthquakes; fires; floods; sabotage; epidemics; pandemics; riots; accidents; labor disputes; strikes; work stoppages; accidents;
acts of war or terrorism; civil or military disturbances or governmental actions; nuclear or natural catastrophes, interruptions, loss
of malfunctions of utilities, communications or computer (software and hardware) services; and the unavailability of the Federal Reserve
Bank wire or telex or other wire or communication facility; it being understood that the Administrative Agent and the Collateral Agent
shall use reasonable efforts which are consistent with accepted practices in the financial services or trust administration industry
to resume performance as soon as practicable under the circumstances.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;9.15&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Parallel
Debt owed to Collateral Agent</B>. (a)&#8239; Each Loan Party hereby irrevocably and unconditionally undertakes to pay to the Collateral
Agent as creditor in its own right and not as a representative of the other Secured Parties amounts equal to any amounts owing from time
to time by that Loan Party to any Secured Party under any Loan Document as and when those amounts are due for payment under the relevant
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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Each
Loan Party and the Collateral Agent acknowledge that the obligations of each Loan Party under <U>Section&#8239;9.15(a)</U>&#8239;are several
and are separate and independent from, and shall not in any way limit or affect, the corresponding obligations of that Loan Party to
any Secured Party under any Loan Document (its &ldquo;<U>Corresponding Debt</U>&rdquo;) nor shall the amounts for which each Loan Party
is liable under <U>Section&#8239;9.15(a)</U>&#8239;(its &ldquo;<U>Parallel Debt</U>&rdquo;) be limited or affected in any way by its Corresponding
Debt; <U>provided</U> 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Collateral Agent shall not demand payment with regard to the Parallel Debt of each Loan Party to the extent that such Loan Party&rsquo;s
Corresponding Debt has been irrevocably paid or (in the case of guarantee obligations) discharged; 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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>a
Secured Party shall not demand payment with regard to the Corresponding Debt of each Loan Party to the extent that such Loan Party&rsquo;s
Parallel Debt has been irrevocably paid or (in the case of guarantee obligations) discharged.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Collateral Agent acts in its own name and not as a trustee, and its claims in respect of the Parallel Debt shall not be held on trust.
The Collateral granted under the Loan Documents to the Collateral Agent to secure the Parallel Debt is granted to the Collateral Agent
in its capacity as creditor of the Parallel Debt and shall not be held on trust.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>All
monies received or recovered by the Collateral Agent pursuant to this <U>Section&#8239;9.15</U>, and all amounts received or recovered
by the Collateral Agent from or by the enforcement of any Collateral 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 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;9.16&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>No
Discretion</B>. Notwithstanding anything else to the contrary herein or in any other Loan Document, whenever reference is made to any
discretionary action by, consent, designation, specification, requirement or approval of, notice, request or other communication from,
or other direction given or action to be undertaken or to be (or not to be) suffered to omitted by the Agent or to any election, decision,
opinion, acceptance, use of judgment, expression of satisfaction or other exercise of discretion, rights or remedies to be made (or not
to be made) by the Agent, it is understood that in all cases the Agent shall be fully justified in failing or refusing to take any such
action if it shall not have received such written instruction, advice or direction of the Required Lenders (or such other number or percentage
of the Lenders as shall be expressly provided for herein or in the other Loan Documents) as the Agent deems appropriate. Upon receipt
of such written instruction, advice or direction, the Agent shall take such discretionary action in accordance with such instruction,
advice or direction subject to the terms set forth in this Article&#8239;IX.]</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;9.17&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>German
Security Documents</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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Collateral Agent shall:</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: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(i)</FONT></TD><TD STYLE="text-align: justify">hold,
                                            administer and (subject to the same having become enforceable and to the terms of this Agreement
                                            and/or any other Loan Document) realise any such German Security which is transferred or
                                            assigned (<I>Sicherungseigentum/Sicherungsabtretung</I>) or otherwise granted under a non-accessory
                                            security right (<I>nicht-akzessorische Sicherheit</I>) to it in its own name as trustee (<I>treuh&auml;nderisch</I>)
                                            for the benefit of the Secured Parties; and</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: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(ii)</FONT></TD><TD STYLE="text-align: justify">administer
                                            and (subject to the same having become enforceable and to the terms of this Agreement) realise
                                            in its own name any German Security which is granted to it by way of pledge or other accessory
                                            instruments (<I>akzessorische Sicherheit</I>) with regard to its own Obligations, including,
                                            but not limited to, its rights under Section&#8239;9.15 (<I>Parallel Debt (Covenant to Pay
                                            the Collateral Agent)</I>).</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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>It
is hereby agreed that, in relation to any jurisdiction the courts of which would not recognise or give effect to the trust expressed
to be created by paragraph (a)&#8239;above, the relationship of the Secured Parties to the Collateral Agent in relation to any German
Security shall be construed as one of principal and agent but, to the extent permissible under the laws of such jurisdiction, all the
other provisions of this Section&#8239;9.17 shall have full force and effect between the parties 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Each
Secured Party which becomes a party to this Agreement ratifies and approves all acts and declarations previously done by the Collateral
Agent on such Secured Party's behalf in relation to the creation of any pledge (<I>Pfandrecht</I>) on behalf and for the benefit of any
Secured Party in respect of the German Security.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Each
Secured Party (other than the Collateral Agent) hereby authorises and grants power of attorney to the Collateral Agent to:</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: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(i)</FONT></TD><TD STYLE="text-align: justify">accept
                                            as its representative (<I>Stellvertreter</I>) any pledge or other creation of any accessory
                                            security right granted in favour of such Secured Party in relation to the Loan Documents
                                            and to act and execute on its behalf as its representative (<I>Stellvertreter</I>), subject
                                            to the terms of the Loan Documents, amendments or releases of, accessions, waivers and alterations
                                            to, and to carry out similar dealings with regard to any German Security which creates a
                                            pledge or any other accessory security right;</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: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(ii)</FONT></TD><TD STYLE="text-align: justify">act
                                            on its behalf and in its name in connection with the preparation, execution and delivery
                                            of the German Security and the perfection and monitoring of the German Security;</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: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(iii)</FONT></TD><TD STYLE="text-align: justify">execute
                                            on behalf of itself and each other Party where relevant without the need for any further
                                            referral to, or authority from, any other person all necessary releases or confirmations
                                            of any German Security in relation to the disposal of any asset which is permitted under
                                            the German Security or consented or agreed upon in accordance with the Loan Documents;</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: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(iv)</FONT></TD><TD STYLE="text-align: justify">realize
                                            such German Security, subject to the provisions of the Loan Documents; and</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: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(v)</FONT></TD><TD STYLE="text-align: justify">make
                                            all statements necessary or appropriate in connection with the foregoing paragraphs.</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Each
of the Secured Parties hereby authorises the Collateral Agent to (sub-)delegate any powers granted to it under this Section&#8239;9.17
to any attorney it may elect in its discretion and to grant powers of attorney to any such attorney (including the exemption from self-dealing
and multi-representation (in particular from the restrictions of section 181 BGB (in each case to the extent legally possible). A Secured
Party which is excluded from granting such exemption for legal reasons shall notify the Collateral Agent 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"></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"><FONT STYLE="text-transform: uppercase"><B>Article&#8239;X</B></FONT></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"><FONT STYLE="text-transform: uppercase"><B>Miscellaneous</B></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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;10.01&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Amendments,
Etc</B>. Except as otherwise set forth in this Agreement, no amendment or waiver of any provision of this Agreement or any other Loan
Document, and no consent to any departure by any Loan Party therefrom, shall be effective unless in writing signed by the Required Lenders
(other than with respect to any amendment or waiver contemplated in <U>Sections 10.01(a)</U>&#8239;through <U>(j)</U>&#8239;below, which
shall only require the consent of the Lenders expressly set forth therein and not the Required Lenders) (or by the Administrative Agent
with the written consent of the Required Lenders) and such Loan Party and each such waiver or consent shall be effective only in the
specific instance and for the specific purpose for which given; provided that, no such amendment, waiver or consent shall directly or
indirectly:</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: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(i)</FONT></TD><TD STYLE="text-align: justify">extend
                                            or increase the Commitment of any Lender without the written consent of each Lender holding
                                            such Commitment (it being understood that a waiver of any condition precedent or of any Default,
                                            mandatory prepayment or mandatory reduction of the Commitments shall not constitute an extension
                                            or increase of any Commitment of any Lender);</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: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(ii)</FONT></TD><TD STYLE="text-align: justify">postpone
                                            any date scheduled for, or reduce or forgive the amount of, any payment of principal or interest
                                            under <U>Section&#8239;2.07</U> or <U>2.08</U> (other than pursuant to <U>Section&#8239;2.08(b)</U>)
                                            without the written consent of each Lender holding the applicable Obligation (it being understood
                                            that the waiver of (or amendment to the terms of) any mandatory prepayment of the Term Loans
                                            shall not constitute a postponement of any date scheduled for the payment of principal or
                                            interest);</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: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(iii)</FONT></TD><TD STYLE="text-align: justify">reduce
                                            or forgive the principal of, or the rate of interest specified herein on, any Term Loan,
                                            or (subject to clause&#8239;(i)&#8239;of the second proviso to this <U>Section&#8239;10.01</U>)
                                            any fees or other amounts payable hereunder or under any other Loan Document (or extend the
                                            timing of payments of such fees or other amounts) without the written consent of each Lender
                                            holding such Term Loan or to whom such fee or other amount is owed; <U>provided</U> that,
                                            only the consent of the Required Lenders shall be necessary to amend the definition of &ldquo;Default
                                            Rate&rdquo; or to waive any obligation of the Borrowers to pay interest at the Default Rate;</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: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(iv)</FONT></TD><TD STYLE="text-align: justify">change
                                            any provision of this <U>Section&#8239;10.01</U>, the definition of &ldquo;Required Lenders,&rdquo;
                                            or &ldquo;Pro Rata Share,&rdquo; <U>Section&#8239;2.06</U>, <U>2.12(a)</U>, <U>2.13</U> or
                                            <U>8.03</U> without the written consent of each Lender directly affected thereby;</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: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(v)</FONT></TD><TD STYLE="text-align: justify">other
                                            than in connection with a transaction permitted under <U>Section&#8239;7.04</U> or <U>7.05</U>
                                            (as in effect on the Closing Date), release all or substantially all of the Collateral (or
                                            have the effect of releasing all or substantially all of the Collateral) in any transaction
                                            or series of related transactions, without the written consent of each Lender;</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: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(vi)&nbsp;&nbsp;</FONT></TD><TD STYLE="text-align: justify">other
                                            than in connection with a transaction permitted under <U>Section&#8239;7.04</U> or <U>7.05</U>
                                            (as in effect on the Closing Date), release all or substantially all of the aggregate value
                                            of the Guarantees (or have the effect of releasing all or substantially all of the aggregate
                                            value of the Guarantees) in any transaction or series of related transactions, without the
                                            written consent of each Lender;</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: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(vii)</FONT>&nbsp;&nbsp;</TD><TD STYLE="text-align: justify">change
                                            the currency in which any Term Loan is denominated without the written consent of each Lender
                                            holding such Term Loans; 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: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(viii)</FONT>&nbsp;&nbsp;</TD><TD STYLE="text-align: justify">subordinate
                                            the Obligations in right of payment to any other Indebtedness or subordinate the Lien securing
                                            the Obligations in right of security to any other Lien, in each case, without the written
                                            consent of each Lender, other than in connection with any Indebtedness with respect to which
                                            each then existing Lender is offered a bona fide opportunity to fund or otherwise provide
                                            its pro rata share of such other Indebtedness on the same terms (other than bona fide backstop,
                                            put option, arrangement or restructuring fees or premiums) as offered to all other providers
                                            (or their affiliates) of such other Indebtedness; <U>provided</U>, <U>however</U>, that if
                                            any such Lender does not accept an offer to provide its pro rata share of such other Indebtedness,
                                            such Lender shall be deemed to have declined such offer.</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: justify">and <U>provided further</U> that (i)&#8239;no
amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent or the Collateral Agent, as applicable,
in addition to the Lenders required above, affect the rights or duties of, or any fees or other amounts payable to, the Administrative
Agent or the Collateral Agent, as applicable, under this Agreement or any other Loan Document; and (ii)&#8239;<U>Section&#8239;10.07(j)</U>&#8239;may
not be amended, waived or otherwise modified without the consent of each Granting Lender all or any part of whose Term Loans are being
funded by an SPC at the time of such amendment, waiver or other modification.</P>

<P STYLE="font: 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">Notwithstanding anything
to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder
(and any amendment, waiver or consent which by its terms requires the consent of all Lenders or each affected Lender may be effected
with the consent of the applicable Lenders other than Defaulting Lenders), except that the Commitment of such Lender may not be increased
or extended without the consent of such Lender (it being understood that any Commitments or Term Loans held or deemed held by any Defaulting
Lender shall be excluded for a vote of the Lenders hereunder requiring any consent of the Lenders).</P>

<P STYLE="font: 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">If the Administrative Agent
and the Lead Borrower shall have jointly identified an obvious error (including, but not limited to, an incorrect cross-reference) or
any error or omission of a technical or immaterial nature, in each case, in any provision of this Agreement or any other Loan Document
(including, for the avoidance of doubt, any exhibit, schedule or other attachment to any Loan Document), then the Administrative Agent
and the Borrowers or any other relevant Loan Party shall be permitted to amend such provision and such amendment shall become effective
without any further action or consent of any other party to any Loan Document. Notification of such amendment shall be made by the Administrative
Agent to the Lenders promptly upon such amendment becoming effective.</P>

<P STYLE="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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;10.02&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Notices
and Other Communications; Facsimile Copies</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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>General</U>.
Unless otherwise expressly provided herein, all notices and other communications provided for hereunder or under any other Loan Document
shall be in writing (including by facsimile transmission or electronic mail). All such written notices shall be mailed, faxed or delivered
to the applicable address, facsimile number or electronic mail address, and all notices and other communications expressly permitted
hereunder to be given by telephone shall be made to the applicable telephone number, 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: 1.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>if
to any Loan Party, the Administrative Agent or the Collateral Agent, to the address, facsimile number, electronic mail address or telephone
number specified for such Person on <U>Schedule 10.02</U> or to such other address, facsimile number, electronic mail address or telephone
number as shall be designated by such party in a notice to the other 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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>if
to any other Lender, to the address, facsimile number, electronic mail address or telephone number specified in its Administrative Questionnaire
or to such other address, facsimile number, electronic mail address or telephone number as shall be designated by such party in a notice
to the Lead Borrower, the Administrative Agent and the Collateral 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">All such notices and other communications shall
be deemed to be given or made upon the earlier to occur of (i)&#8239;actual receipt by the relevant party hereto and (ii)&#8239;(A)&#8239;if
delivered by hand or by courier, when signed for by or on behalf of the relevant party hereto; (B)&#8239;if delivered by mail to a party,
four (4)&#8239;Business Days after deposit in the mails, postage prepaid; (C)&#8239;if delivered by facsimile, when sent and receipt has
been confirmed by telephone; and (D)&#8239;if delivered by electronic mail (which form of delivery is subject to the provisions of <U>Section&#8239;10.02(c)</U>),
when delivered; <U>provided</U> that notices and other communications to the Administrative Agent and the Collateral Agent pursuant to
<U>Article&#8239;II</U> shall not be effective until actually received by such Person. In no event shall a voice mail message be effective
as a notice, communication or confirmation 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Effectiveness
of Facsimile Documents and Signatures</U>. Loan Documents may be transmitted and/or signed by facsimile or other electronic communication.
The effectiveness of any such documents and signatures shall, subject to applicable Law, have the same force and effect as manually signed
originals and shall be binding on all Loan Parties, the Agents and the Lenders.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Reliance
by Agents and Lenders</U>. The Administrative Agent, the Collateral Agent and the Lenders shall be entitled to rely and act upon any
notices (including telephonic Committed Loan Notices) purportedly given by or on behalf of any Loan Party even if (i)&#8239;such notices
were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein,
or (ii)&#8239;the terms thereof, as understood by the recipient, varied from any confirmation thereof. Each Borrower shall indemnify each
Agent-Related Person and each Lender from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each
notice purportedly given by or on behalf of any Loan Party in the absence of gross negligence or willful misconduct of such Agent-Related
Person as determined in a final and non-appealable judgment by a court of competent jurisdiction. All telephonic notices to the Administrative
Agent or Collateral Agent may be recorded by the Administrative Agent or the Collateral Agent, and each of the parties hereto hereby
consents to such recording.</P>

<P STYLE="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 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;10.03&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>No
Waiver; Cumulative Remedies</B>. No failure by any Lender, the Administrative Agent or the Collateral Agent to exercise, and no delay
by any such Person in exercising, any right, remedy, power or privilege hereunder or under any other Loan Document shall operate as a
waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further
exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided,
and provided under each other Loan Document, are cumulative and not exclusive of any rights, remedies, powers and privileges 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 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;10.04&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Attorney
Costs and Expenses</B>. Each Loan Party jointly and severally agrees (a)&#8239;to pay or reimburse the Ad Hoc Group&rsquo;s Advisors,
Administrative Agent, the Collateral Agent and the Lenders party to this Agreement on the Closing Date for all reasonable out-of-pocket
costs and expenses incurred in connection with the preparation, negotiation, syndication and execution of this Agreement and the other
Loan Documents, and any amendment, waiver, consent or other modification of the provisions hereof and thereof (whether or not the transactions
contemplated thereby are consummated), and the consummation and administration of the transactions contemplated hereby and thereby (including
all Attorney Costs of one counsel to the Ad Hoc Group, which shall be limited to Paul Hastings LLP and all Attorney Costs of one counsel
to the Administrative Agent and Collateral Agent, which shall be limited to Pryor Cashman LLP) (and one local and specialist counsel
in each applicable jurisdiction for each group and, in the event of a conflict of interest, one additional counsel of each type to the
affected parties)) and (b)&#8239;to pay or reimburse the Ad Hoc Group&rsquo;s Advisors, Administrative Agent, the Collateral Agent and
each Lender for all reasonable and documented out-of-pocket costs and expenses incurred in connection with the enforcement (whether through
negotiations, legal proceedings or otherwise) of any rights or remedies under this Agreement or the other Loan Documents (including all
such costs and expenses incurred during any legal proceeding, including any proceeding under any Debtor Relief Law, and including all
Attorney Costs, which shall be limited to Attorney Costs of one counsel to the Administrative Agent and Collateral Agent, which shall
be limited to Pryor Cashman LLP and one counsel to the the Ad Hoc Group, which shall be limited to Paul Hastings LLP (and one local counsel
in each applicable jurisdiction for each group)). The foregoing costs and expenses shall include all reasonable search, filing, recording
and title insurance charges and fees related thereto, and other reasonable out-of-pocket expenses incurred by any Agent. The agreements
in this <U>Section&#8239;10.04</U> shall survive the termination of the Aggregate Commitments and repayment of all other Obligations.
Subject to the DIP Orders, all amounts due under this <U>Section&#8239;10.04</U> shall be paid within ten (10)&#8239;Business Days of receipt
by the Lead Borrower of an invoice relating thereto setting forth such expenses in reasonable detail; <U>provided</U> that, with respect
to the Closing Date, all amounts due under this <U>Section&#8239;10.04</U> shall be paid on the Closing Date to the extent invoiced to
the Borrower within one (1)&#8239;Business Day of the Closing Date. If any Loan Party fails to pay when due any costs, expenses or other
amounts payable by it hereunder or under any Loan Document, such amount may be paid on behalf of such Loan Party by the Administrative
Agent in its 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"></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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;10.05&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Indemnification</B>.
Each Loan Party shall, jointly and severally, indemnify and hold harmless each Agent-Related Person, each Lender and their respective
Affiliates, and directors, officers, employees, counsel, agents, trustees, investment advisors and attorneys-in-fact of each of the foregoing
(collectively the &ldquo;<U>Indemnitees</U>&rdquo;) from and against any and all liabilities, obligations, losses, damages, penalties,
claims, demands, actions, judgments, suits, costs, expenses and disbursements (including Attorney Costs, which shall be limited to Attorney
Costs of one counsel to the Administrative Agent and Arrangers (and one local counsel in each applicable jurisdiction for each group
and, in the event of any conflict of interest, one additional counsel of each type to the affected parties)) of any kind or nature whatsoever
which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising out of or
in connection with (a)&#8239;the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement,
letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated
thereby, (b)&#8239;any Commitment or Term Loan, (c)&#8239;any actual or alleged presence or Release of Hazardous Materials at, on, under
or from any property or facility currently or formerly owned, leased or operated by the Loan Parties or any Subsidiary, or any Environmental
Liability related in any way to any Loan Parties, (d)&#8239;the payment or recovery of an amount in connection with the Loan Documents
in a currency other than the currency required under the Loan Document, (e)&#8239;any actual or prospective claim, litigation, investigation
or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of,
preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any
Indemnitee is a party thereto (a &ldquo;<U>Proceeding</U>&rdquo;) or whether or not such Proceeding is brought by any Loan Party or any
other Person and (f)&#8239;[reserved] (all the foregoing, collectively, the &ldquo;<U>Indemnified Liabilities</U>&rdquo;) in all cases,
whether or not caused by or arising, in whole or in part, out of the negligence of the Indemnitee; <U>provided</U> that, notwithstanding
the foregoing, such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses,
damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from the gross negligence or
willful misconduct of such Indemnitee or of any affiliate, director, officer, employee, counsel, agent or attorney-in-fact of such Indemnitee,
as determined by the final non-appealable judgment of a court of competent jurisdiction. No Indemnitee shall be liable for any damages
arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission
systems in connection with this Agreement, nor shall any Indemnitee or the Lead Borrower or any Subsidiary have any liability for any
special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities
in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of a Loan Party, in respect of
any such damages incurred or paid by an Indemnitee to a third party, or which are included in a third-party claim, and for any reasonable
out-of-pocket expenses related thereto). In the case of an investigation, litigation or other proceeding to which the indemnity in this
<U>Section&#8239;10.05</U> applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought
by any Loan Party, any Loan Party&rsquo;s directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any
Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan
Documents are consummated. All amounts due under this <U>Section&#8239;10.05</U> shall be paid within ten (10)&#8239;Business Days after
demand therefor; <U>provided</U><I>, </I><U>however</U><I>,</I> that such Indemnitee shall promptly refund such amount to the extent
that there is a final judicial or arbitral determination that such Indemnitee was not entitled to indemnification rights with respect
to such payment pursuant to the express terms of this <U>Section&#8239;10.05</U>. The agreements in this <U>Section&#8239;10.05</U> shall
survive the resignation of the Administrative Agent or the Collateral Agent, the replacement of any Lender, the termination of the Aggregate
Commitments and the repayment, satisfaction or discharge of all the other Obligations. Section&#8239;10.04 and this Section&#8239;10.05
shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages,&#8239;etc. arising from any non-Tax
claim.</P>

<P STYLE="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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;10.06&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Payments
Set Aside</B>. To the extent that any payment by or on behalf of the Borrowers is made to any Agent or any Lender, or any Agent or any
Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated,
declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or
such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor
Relief Law or otherwise, then (a)&#8239;to the extent of such recovery, the obligation or part thereof originally intended to be satisfied
shall, to the fullest extent possible under provisions of applicable Law, be revived and continued in full force and effect as if such
payment had not been made or such setoff had not occurred, and (b)&#8239;each Lender severally agrees to pay to the Administrative Agent
upon demand its applicable share of any amount so recovered from or repaid by any Agent, <U>plus</U> interest thereon from the date of
such demand to the date such payment is made at a rate per annum equal to the applicable Federal Funds Rate from time to time 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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;10.07&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Successors
and Assigns</B>. (a)&#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, except that no Loan Party may assign or otherwise transfer any of its rights
or obligations hereunder without the prior written consent of each Lender and no Lender may assign or otherwise transfer any of its rights
or obligations hereunder except (i)&#8239;to an Assignee pursuant to an assignment made in accordance with the provisions of <U>Section&#8239;10.07(b)</U>&#8239;(such
an assignee, an &ldquo;<U>Eligible Assignee</U>&rdquo;), (ii)&#8239;by way of participation in accordance with the provisions of <U>Section&#8239;10.07(e)</U>,
(iii)&#8239;by way of pledge or assignment of a security interest subject to the restrictions of <U>Section&#8239;10.07(g)</U>&#8239;or
(iv)&#8239;to an SPC in accordance with the provisions of <U>Section&#8239;10.07(h)</U>&#8239;(and any other attempted assignment or transfer
by any party hereto shall be null and void); <U>provided</U>, <U>however</U>, that notwithstanding the foregoing, no Lender may assign
or transfer by participation any of its rights or obligations hereunder to (i)&#8239;any Person that is a Defaulting Lender, (ii)&#8239;a
natural Person or (iii)&#8239;a Disqualified Institution. Nothing in this Agreement, expressed or implied, shall be construed to confer
upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent
provided in <U>Section&#8239;10.07(e)</U>&#8239;and, to the extent expressly contemplated hereby, the Indemnitees) 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">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>(i)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Subject
to the conditions set forth in clause&#8239;(b)(ii)&#8239;below, any Lender may assign to one or more assignees (&ldquo;<U>Assignees</U>&rdquo;)
all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Term Loans
at the time owing to it) with the prior written consent (such consent not to be unreasonably withheld, delayed or conditioned, except
in connection with a proposed assignment to any Disqualified Institution) 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: justify; text-indent: 2in"><FONT STYLE="font-size: 10pt">(A)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Lead Borrower, <U>provided</U> that no consent of the Lead Borrower shall be required for (i)&#8239;an assignment to a Lender, an Affiliate
of a Lender or an Approved Fund or (ii)&#8239;other than with respect to any proposed assignment to any Person that is a Disqualified
Institution, as assignment if an Event of Default has occurred and is continuing; <U>provided</U> that, other than with respect to any
proposed assignment to any Person that is a Disqualified Institution, the Lead Borrower shall be deemed to have consented to any such
assignment unless it shall have objected thereto by written notice to the Administrative Agent within ten (10)&#8239;Business Days after
having received notice 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; text-align: justify; text-indent: 2in"><FONT STYLE="font-size: 10pt">(B)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Administrative Agent, <U>provided</U> that no consent of the Administrative Agent shall be required for an assignment of all or any portion
of a Term Loan to a Lender, an Affiliate of a Lender or an Approved Fund.</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>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; text-align: justify; text-indent: 2in"><FONT STYLE="font-size: 10pt">(A)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>except
in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund or an assignment of the entire remaining amount
of the assigning Lender&rsquo;s Commitment or Term Loans of any Class, the amount of the Commitment or Term 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 an amount of $1,000,000 unless each of the Lead Borrower and the Administrative Agent
otherwise consents, <U>provided</U> that such amounts shall be aggregated in respect of each Lender and its Affiliates or Approved Funds,
if any;</P>

<P STYLE="font: 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: 2in"><FONT STYLE="font-size: 10pt">(B)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing
and recordation fee of $3,500 (unless such fee is waived by the Administrative Agent); <U>provided</U> that only one such fee shall be
payable in the event of simultaneous assignments to or from two or more Approved Funds;</P>

<P STYLE="font: 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: 2in"><FONT STYLE="font-size: 10pt">(C)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire along with any required
know-your-customer documentation; 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-align: justify; text-indent: 2in"><FONT STYLE="font-size: 10pt">(D)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Assignee, if not a party to the Restructuring Support Agreement, shall execute a joinder to the Restructuring Support 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">In connection with any assignment
of rights and obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to
the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the Administrative
Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee
of participations or subparticipations, or other compensating actions, including funding, with the consent of the Lead Borrower and the
Administrative Agent, the applicable Pro Rata Share of Term Loans previously requested but not funded by the Defaulting Lender, to each
of which the applicable assignee and assignor hereby irrevocably consent), to (x)&#8239;pay and satisfy in full all payment liabilities
then owed by such Defaulting Lender to the Administrative Agent or any Lender hereunder (and interest accrued thereon) and (y)&#8239;acquire
(and fund as appropriate) its full Pro Rata Share of all Term Loans. Notwithstanding the foregoing, in the event that any assignment
of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable Law without compliance with the
provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement
until such compliance occurs.</P>

<P STYLE="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"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Subject
to acceptance and recording thereof by the Administrative Agent pursuant to <U>Section&#8239;10.07(d)</U>, from and after the effective
date specified in each Assignment and Assumption (which for the avoidance of doubt shall be the date recorded in the Register), the Eligible
Assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption,
have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest
assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment
and Assumption covering all of the assigning Lender&rsquo;s rights and obligations under this Agreement, such Lender shall cease to be
a party hereto but shall continue to be entitled to the benefits of <U>Sections 3.01</U>, <U>3.04</U>, <U>10.04</U> and <U>10.05</U>
with respect to facts and circumstances occurring prior to the effective date of such assignment). Upon request, and the surrender by
the assigning Lender of its Term Note, the relevant Borrowers (at their expense) shall execute and deliver a Term Note to the assignee
Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this clause&#8239;(c)&#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
<U>Section&#8239;10.07(e)</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Administrative Agent, acting solely for this purpose as a non-fiduciary agent of the Borrowers, shall maintain at one of the Administrative
Agent&rsquo;s Office a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses
of the Lenders, and the Commitments of, and principal amounts (and related interest amounts) of the Term Loans owing to each Lender pursuant
to the terms hereof from time to time (the &ldquo;<U>Register</U>&rdquo;). The entries in the Register shall be conclusive, absent manifest
error, and the Borrowers, the Agents 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. Upon its receipt of a duly completed
Assignment and Assumption executed by an assigning Lender and an Assignee, an Administrative Questionnaire completed in respect of the
Assignee (if applicable and unless the Assignee shall already be a Lender hereunder), the processing and recordation fee referred to
in <U>Section&#8239;10.07(b)(ii)(B)</U>&#8239;above (if applicable) and, if required, the written consent of the Lead Borrower and the
Administrative Agent to such assignment, the Administrative Agent shall (i)&#8239;accept such Assignment and Assumption and (ii)&#8239;record
the information contained therein in the Register.&#8239; No assignment shall be effective unless it has been recorded in the Register
as provided in this paragraph. The Register shall be available for inspection by the Borrowers, any Agent and any Lender, at any reasonable
time and from time to time upon reasonable prior written 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"></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"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Any
Lender may at any time sell participations to any Person (other than a natural person, a Disqualified Institution or a Defaulting Lender)
(each, a &ldquo;<U>Participant</U>&rdquo;) in all or a portion of such Lender&rsquo;s rights and/or obligations under this Agreement
(including all or a portion of its Commitment and/or the Term Loans owing to it); <U>provided</U> that (i)&#8239;such Lender&rsquo;s obligations
under this Agreement shall remain unchanged, (ii)&#8239;such Lender shall remain solely responsible to the other parties hereto for the
performance of such obligations and (iii)&#8239;the Borrowers, the Agents and the other Lenders shall continue to deal solely and directly
with such Lender in connection with such Lender&rsquo;s rights and obligations under this Agreement. Any agreement or instrument pursuant
to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and
the other Loan Documents and to approve any amendment, modification or waiver of any provision of this Agreement or the other 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, waiver or other modification described in clauses&#8239;(a)&#8239;through (f)&#8239;of the first proviso to <U>Section&#8239;10.01</U>
that requires the affirmative vote of such Lender. Subject to <U>Section&#8239;10.07(f)</U>, the Borrowers agree that each Participant
shall be entitled to the benefits of <U>Sections 3.01</U>, and <U>3.04</U> (subject to the requirements and limitations of such Sections)
(it being understood that the documentation required under <U>Section&#8239;3.01(d)</U>&#8239;shall be delivered to the participating Lender))
to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to <U>Section&#8239;10.07(c)</U>. To the
extent permitted by applicable Law, each Participant also shall be entitled to the benefits of <U>Section&#8239;10.09</U> as though it
were a Lender; <U>provided</U> that such Participant agrees to be subject to <U>Section&#8239;2.13</U> as though it were a Lender. Each
Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrowers, maintain a register
on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant&rsquo;s
interest in the Term Loans or other obligations under the Loan Documents (the &ldquo;<U>Participant Register</U>&rdquo;). The entries
in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded
in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary.
No Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant
or any information relating to a Participant&rsquo;s interest in any commitments, loans, letters of credit or its other obligations under
any Loan Document) to any Person, except that the portion of any Participant Register relating to any Participant or SPC requesting payment
from a Borrower or seeking to exercise its rights under <U>Section&#8239;10.09</U> shall be available for inspection by the Lead Borrower
upon reasonable request to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or
other obligation is in registered form under Section&#8239;5f.103-1(c)&#8239;of the United States Treasury Regulations and Section&#8239;1.163-5(b)&#8239;of
the Proposed United States Treasury Regulations (or, in each case, any amended or successor version).</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>A
Participant shall not be entitled to receive any greater payment under <U>Sections&#8239;3.01</U>, and <U>3.04</U> than the applicable
Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation
to such Participant is made with the Lead Borrower&rsquo;s prior written consent, not to be unreasonably withheld or delayed (it being
understood the Lead Borrower shall have a reasonable basis for withholding consent if such Participant would result in materially increased
indemnification obligation to the Lead Borrower at such 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Any
Lender may, without the consent of the Lead Borrower or the Administrative Agent, at any time pledge or assign a security interest in
all or any portion of its rights under this Agreement (including under its Term Note, if any) to secure obligations of such Lender, including
any pledge or assignment to secure obligations to a Federal Reserve Bank or other central bank having jurisdiction over it; <U>provided</U>
that no such pledge or assignment shall release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee
for such Lender as a party hereto.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Each
party agrees that upon a transfer of rights and obligations, or an assignment of rights and obligations, or a novation of rights and
obligations under this Agreement or any Loan Documents, by an existing Lender to a new Lender, any Lien created under the Collateral
Documents and/or guarantee given under this Agreement or any other Loan Documents shall be maintained for the benefit of the Collateral
Agent, the new Lender and the remaining Secured Parties as and to the extent contemplated by the Loan Documents, including, for the purposes
of articles 1278 and 1281 of the Luxembourg Civil 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(j)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Notwithstanding
anything to the contrary contained herein, any Lender (a &ldquo;<U>Granting Lender</U>&rdquo;) may grant to a special purpose funding
vehicle identified as such in writing from time to time by the Granting Lender to the Administrative Agent and the Lead Borrower (an
 &ldquo;<U>SPC</U>&rdquo;) the option to provide all or any part of any Term Loan that such Granting Lender would otherwise be obligated
to make pursuant to this Agreement; <U>provided</U> that (i)&#8239;nothing herein shall constitute a commitment by any SPC to fund any
Term Loan, (ii)&#8239;if an SPC elects not to exercise such option or otherwise fails to make all or any part of such Term Loan, the Granting
Lender shall be obligated to make such Term Loan pursuant to the terms hereof and (iii)&#8239;such SPC and the applicable Term Loan or
any applicable part thereof, shall be appropriately reflected in the Participant Register. Each party hereto hereby agrees that (i)&#8239;an
SPC shall be entitled to the benefit of <U>Sections 3.01</U>, and <U>3.04</U> (subject to the requirements and the limitations of such
Sections), but neither the grant to any SPC nor the exercise by any SPC of such option shall increase the costs or expenses or otherwise
increase or change the obligations of the Borrowers under this Agreement except in the case of <U>Section&#8239;3.01</U>, to the extent
that the grant to the SPC was made with the prior written consent of the Lead Borrower (not to be unreasonably withheld or delayed; for
the avoidance of doubt, the Lead Borrower shall have reasonable basis for withholding consent if an exercise by SPC immediately after
the grant would result in materially increased indemnification obligation to a Borrower at such time), (ii)&#8239;no SPC shall be liable
for any indemnity or similar payment obligation under this Agreement for which a Lender would be liable, and (iii)&#8239;the Granting
Lender shall for all purposes, including the approval of any amendment, waiver or other modification of any provision of any Loan Document,
remain the lender of record hereunder. The making of a Term Loan by an SPC hereunder shall utilize the Commitment of the Granting Lender
to the same extent, and as if, such Term Loan were made by such Granting Lender. Notwithstanding anything to the contrary contained herein,
any SPC may (i)&#8239;with notice to, but without prior consent of the Lead Borrower and the Administrative Agent and with the payment
of a processing fee of $3,500, assign all or any portion of its right to receive payment with respect to any Term Loan to the Granting
Lender and (ii)&#8239;disclose on a confidential basis any non-public information relating to its funding of Term Loans to any rating
agency, commercial paper dealer or provider of any surety or Guarantee or credit or liquidity enhancement to such SPC.</P>

<P STYLE="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"><FONT STYLE="font-size: 10pt">(k)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Notwithstanding
anything to the contrary contained herein, without the consent of the Lead Borrower or the Administrative Agent, (1)&#8239;any Lender
may in accordance with applicable Law create a security interest in all or any portion of the Term Loans owing to it and the Term Notes,
if any, held by it and (2)&#8239;any Lender that is a Fund may create a security interest in all or any portion of the Term Loans owing
to it and the Term Notes, if any, held by it to the trustee for holders of obligations owed, or securities issued, by such Fund as security
for such obligations or securities; <U>provided</U> that unless and until such trustee actually becomes a Lender in compliance with the
other provisions of this <U>Section&#8239;10.07</U>, (i)&#8239;no such pledge shall release the pledging Lender from any of its obligations
under the Loan Documents and (ii)&#8239;such trustee shall not be entitled to exercise any of the rights of a Lender under the Loan Documents
even though such trustee may have acquired ownership rights with respect to the pledged interest through 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 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;10.08&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Confidentiality</B>.
Each of the Agents and the Lenders agrees to maintain the confidentiality of the Information, except that Information may be disclosed
(a)&#8239;to its Affiliates and its and its Affiliates&rsquo; managers, administrators, directors, officers, employees, trustees, partners,
investors, investment advisors and agents, including accountants, legal counsel and other 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 requested by any Governmental Authority or self-regulatory authority having or asserting jurisdiction
over such Person (including any Governmental Authority regulating any Lender or its Affiliates); (c)&#8239;to the extent required by applicable
Laws or regulations or by any subpoena or similar legal process; (d)&#8239;to any other party to this Agreement; (e)&#8239;subject to an
agreement containing provisions substantially the same as those of this <U>Section&#8239;10.08</U> (or as may otherwise be reasonably
acceptable to the Lead Borrower), to any pledgee referred to in <U>Section&#8239;10.07(g)</U>, Eligible Assignee of or Participant in,
or any prospective Eligible Assignee of or Participant in any of its rights or obligations under this Agreement; (f)&#8239;with the written
consent of the Lead Borrower; (g)&#8239;to the extent such Information becomes publicly available other than as a result of a breach of
this <U>Section&#8239;10.08</U> or becomes available to the Administrative Agent, any Lender, or any of their respective Affiliates on
a nonconfidential basis from a source other than a Loan Party or its related parties (so long as such source is not known to the Administrative
Agent, such Lender or any of their respective Affiliates to be bound by confidentiality obligations to any Loan Party); (h)&#8239;to any
Governmental Authority or examiner (including the National Association of Insurance Commissioners or any other similar organization)
regulating any Lender; (i)&#8239;to any rating agency when required by it (it being understood that, prior to any such disclosure, such
rating agency shall undertake to preserve the confidentiality of any Information relating to Loan Parties and their Subsidiaries received
by it from such Lender) or to the CUSIP Service Bureau or any similar organization; (j)&#8239;to the extent such information is independently
developed by any Agent or Lender; (k)&#8239;in connection with the exercise of any remedies hereunder, under any other Loan Document or
the enforcement of its rights hereunder or thereunder. In addition, the Agents and the Lenders may disclose the existence of this Agreement
and publicly available information about this Agreement to market data collectors, similar service providers to the lending industry,
and service providers to the Agents and the Lenders in connection with the administration and management of this Agreement, the other
Loan Documents, the Commitments, and the Credit Extensions. For the purposes of this <U>Section&#8239;10.08</U>, &ldquo;<U>Information</U>&rdquo;
means all information received from the Loan Parties relating to any Loan Party, its Affiliates or its Affiliates&rsquo; directors, officers,
employees, trustees, investment advisors or agents, or its business, other than any such information that is publicly available to any
Agent or any Lender prior to disclosure by any Loan Party other than as a result of a breach of this <U>Section&#8239;10.08</U>; <U>provided</U>
that, in the case of information received from a Loan Party after the Closing Date, such information is clearly identified at the time
of delivery as confidential or is delivered pursuant to <U>Section&#8239;6.01</U>, <U>6.02</U> or <U>6.03</U> 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"></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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;10.09&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Setoff</B>.
In addition to any rights and remedies of the Lenders provided by Law, upon the occurrence and during the continuance of any Event of
Default, each Lender and its Affiliates (and the Collateral Agent, in respect of any unpaid fees, costs and expenses payable hereunder)
is authorized at any time and from time to time, without prior notice to each Borrower, any such notice being waived by each Borrower
(on its own behalf and on behalf of each Loan Party and each of its Subsidiaries) to the fullest extent permitted by applicable Law,
to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held by, and other Indebtedness
at any time owing by, such Lender and its Affiliates or the Collateral Agent to or for the credit or the account of the respective Loan
Parties and their Subsidiaries against any and all Obligations owing to such Lender and its Affiliates or the Collateral Agent hereunder
or under any other Loan Document, now or hereafter existing, irrespective of whether or not such Agent or such Lender or Affiliate shall
have made demand under this Agreement or any other Loan Document and although such Obligations may be contingent or unmatured or denominated
in a currency different from that of the applicable deposit or Indebtedness. Each Lender agrees promptly to notify the Lead Borrower
and the Administrative Agent after any such set off and application made by such Lender; <U>provided</U>, that the failure to give such
notice shall not affect the validity of such setoff and application. The rights of the Administrative Agent, the Collateral Agent and
each Lender under this <U>Section&#8239;10.09</U> are in addition to other rights and remedies (including other rights of setoff) that
the Administrative Agent, the Collateral Agent and such Lender may have 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 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;10.10&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Interest
Rate Limitation</B>. Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to be paid
under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Law (the &ldquo;<U>Maximum
Rate</U>&rdquo;). If any Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall
be applied to the principal of the Term Loans or, if it exceeds such unpaid principal, refunded to the Borrowers. In determining whether
the interest contracted for, charged, or received by an Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted
by applicable Law, (a)&#8239;characterize any payment that is not principal as an expense, fee, or premium rather than interest, (b)&#8239;exclude
voluntary prepayments and the effects thereof, and (c)&#8239;amortize, prorate, allocate, and spread in equal or unequal parts the total
amount of interest throughout the contemplated term of the Obligations 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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;10.11&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Counterparts</B>.
This Agreement and each other Loan Document may be executed in one or more counterparts, each of which shall be deemed an original, but
all of which together shall constitute one and the same instrument. Delivery by telecopier (or other electronic transmission, e.g., .pdf)
of an executed counterpart of a signature page&#8239;to this Agreement and each other Loan Document shall be effective as delivery of
an original executed counterpart of this Agreement and such other Loan Document. The Agents may also require that any such documents
and signatures delivered by telecopier be confirmed by a manually signed original thereof; <U>provided</U> that the failure to request
or deliver the same shall not limit the effectiveness of any document or signature delivered by telecopier.</P>

<P STYLE="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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;10.12&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Integration</B>.
This Agreement, together with the other Loan Documents, comprises the complete and integrated agreement of the parties on the subject
matter hereof and thereof and supersedes all prior agreements, written or oral, on such subject matter. In the event of any conflict
between the provisions of this Agreement and those of any other Loan Document, the provisions of this Agreement shall control; <U>provided</U>
that the inclusion of supplemental rights or remedies in favor of the Agents or the Lenders in any other Loan Document shall not be deemed
a conflict of this Agreement. Each Loan Document was drafted with the joint participation of the respective parties thereto and shall
be construed neither against nor in favor of any party, but rather in accordance with the fair meaning 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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;10.13&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Survival
of Representations and Warranties</B>. All representations and warranties made hereunder and in any other Loan Document or other document
delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution and delivery hereof and thereof.
Such representations and warranties have been or will be relied upon by each Agent and each Lender, regardless of any investigation made
by any Agent or any Lender or on their behalf and notwithstanding that any Agent or any Lender may have had notice or knowledge of any
Default at the time of any Credit Extension, and shall continue in full force and effect as long as any Term Loan or any other Obligation
hereunder shall remain unpaid or unsatisfied.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;10.14&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Severability</B>.
If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable, the legality, validity
and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or impaired thereby.
The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.
In the event of any such illegality, invalidity or unenforceability, the parties shall negotiate in good faith with a view to agreeing
on a legal, valid and enforceable replacement provision which, to the extent practicable, is in accordance with the intent and purposes
of this Agreement and in its economic effect comes as close as possible to the illegal, invalid or unenforceable provision.</P>

<P STYLE="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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;10.15&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>GOVERNING
LAW</B>. THIS AGREEMENT AND EACH OTHER LOAN DOCUMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND THEREUNDER SHALL, EXCEPT
AS OTHERWISE EXPRESSLY PROVIDED IN ANY COLLATERAL DOCUMENT, BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF
NEW YORK <FONT STYLE="text-transform: uppercase">and, as may be applicable, the Bankruptcy Code</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; text-transform: uppercase">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>ANY
LEGAL ACTION OR PROCEEDING ARISING UNDER ANY LOAN DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE
PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN DOCUMENT, OR THE TRANSACTIONS RELATED THERETO,&#8239;IN EACH CASE WHETHER NOW EXISTING
OR HEREAFTER ARISING, SHALL BE BROUGHT IN (X)&#8239;THE BANKRUPTCY COURT AND (Y)&#8239;TO THE EXTENT THE BANKRUPTCY COURT DOES NOT HAVE
(OR ABSTAINS FROM EXERCISING) JURISDICTION THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK CITY OR OF THE UNITED STATES FOR THE
SOUTHERN DISTRICT OF SUCH STATE, AND BY EXECUTION AND DELIVERY OF THIS AGREEMENT, EACH LOAN PARTY, EACH AGENT AND EACH LENDER CONSENTS,
FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF THOSE COURTS AND AGREES THAT IT WILL NOT COMMENCE OR SUPPORT
ANY SUCH ACTION OR PROCEEDING IN ANOTHER JURISDICTION. NOTWITHSTANDING THE FOREGOING, NOTHING CONTAINED HEREIN OR IN ANY OTHER LOAN DOCUMENT
WILL PREVENT ANY LENDER, THE ADMINISTRATIVE AGENT OR THE COLLATERAL AGENT FROM BRINGING ANY ACTION TO ENFORCE ANY AWARD OR JUDGMENT OR
EXERCISE ANY RIGHT UNDER THE COLLATERAL DOCUMENTS OR AGAINST ANY COLLATERAL OR ANY OTHER PROPERTY OF ANY LOAN PARTY IN ANY OTHER FORUM
IN WHICH JURISDICTION CAN BE ESTABLISHED. EACH LOAN PARTY, EACH AGENT AND EACH LENDER IRREVOCABLY WAIVES ANY OBJECTION,&#8239;INCLUDING
ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY&#8239;NOW OR HEREAFTER HAVE TO THE
BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF ANY LOAN DOCUMENT OR OTHER DOCUMENT RELATED THERETO. <FONT STYLE="text-transform: uppercase">EACH
LOAN PARTY waives any immunity (sovereign or otherwise) from jurisdiction of any court or from any legal process to which you or your
properties or assets may be entitled. To the extent that ANY LOAN PARTY has or hereafter may acquire any immunity from jurisdiction of
any court or from any legal process (whether through service or notice, attachment prior to judgment, attachment in aid of execution,
execution or otherwise) with respect to itself or its property, SUCH LOAN PARTY irrevocably waives such immunity in respect of its obligations
under the Loan 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>EACH
PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENTS
IN THE MANNER PROVIDED FOR NOTICES (OTHER THAN BY TELECOPIER OR ELECTRONIC MAIL) IN <U>SECTION&#8239;10.02</U>. NOTHING IN THIS AGREEMENT
OR ANY OTHER LOAN DOCUMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW.
WITHOUT LIMITING THE OTHER PROVISIONS OF THIS SECTION&#8239;10.15 AND IN ADDITION TO THE SERVICE OF PROCESS PROVIDED FOR HEREIN, THE LEAD
BORROWER HEREBY IRREVOCABLY DESIGNATES, APPOINTS AND EMPOWERS THE CO- BORROWER (AND THE CO- BORROWER HEREBY IRREVOCABLY ACCEPTS SUCH
APPOINTMENT), AS ITS AUTHORIZED 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 WHICH MAY&#8239;BE SERVED IN ANY SUCH ACTION OR
PROCEEDING. IF FOR ANY REASON THE CO- BORROWER SHALL CEASE TO BE AVAILABLE TO ACT AS SUCH, THE LEAD BORROWER AGREES TO PROMPTLY DESIGNATE
A NEW AUTHORIZED DESIGNEE, APPOINTEE AND AGENT IN NEW YORK CITY ON THE TERMS AND FOR THE PURPOSES OF THIS PROVISION REASONABLY SATISFACTORY
TO THE ADMINISTRATIVE AGENT 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"></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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;10.16&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>WAIVER
OF RIGHT TO TRIAL BY JURY</B>. TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT
TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER ANY LOAN DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED
OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN DOCUMENT, OR THE TRANSACTIONS RELATED THERETO,&#8239;IN
EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HERETO HEREBY
AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY
PARTY TO THIS AGREEMENT MAY&#8239;FILE AN ORIGINAL COUNTERPART&#8239;OR A COPY OF THIS <U>SECTION&#8239;10.16</U> WITH ANY COURT AS WRITTEN
EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;10.17&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Binding
Effect</B>. This Agreement shall become effective when it shall have been executed by the Loan Parties and the Administrative Agent shall
have been notified by each Lender that each such Lender has executed it and thereafter shall be binding upon and inure to the benefit
of the Loan Parties, each Agent and each Lender and their respective successors and assigns, in each case in accordance with <U>Section&#8239;10.07</U>
(if applicable) and except that no Loan Party shall have the right to assign its rights hereunder or any interest herein without the
prior written consent of the Lenders.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;10.18&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>USA
Patriot Act</B>. Each Lender that is subject to the USA Patriot Act and the Administrative Agent (for itself and not on behalf of any
Lender) hereby notifies each Loan Party that pursuant to the requirements of the USA Patriot Act, it is required to obtain, verify and
record information that identifies the Loan Parties, which information includes the name, address and tax identification number of the
Loan Parties and other information regarding the Loan Parties that will allow such Lender or the Administrative Agent, as applicable,
to identify the Loan Parties in accordance with the USA Patriot Act. This notice is given in accordance with the requirements of the
USA Patriot Act and is effective as to 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 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;10.19&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>No
Advisory or Fiduciary Responsibility</B>. (a)&#8239;In connection with all aspects of each transaction contemplated hereby, each Loan
Party acknowledges and agrees, and acknowledges its Affiliates&rsquo; understanding, that (i)&#8239;the facilities provided for hereunder
and any related arranging or other services in connection therewith (including in connection with any amendment, waiver or other modification
hereof or of any other Loan Document) are an arm&rsquo;s-length commercial transaction between the Borrowers and their respective Affiliates,
on the one hand, and the Agents and the Lenders, on the other hand, and the Borrowers are capable of evaluating and understanding and
understands and accepts the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents (including
any amendment, waiver or other modification hereof or thereof), (ii)&#8239;in connection with the process leading to such transaction,
each of the Agents and the Lenders is and has been acting solely as a principal and is not the financial advisor, agent or fiduciary,
for the Borrowers or any of their respective Affiliates, stockholders, creditors or employees or any other Person, (iii)&#8239;none of
the Agents or the Lenders has assumed or will assume an advisory, agency or fiduciary responsibility in favor of any Borrower or any
of its Affiliates with respect to any of the transactions contemplated hereby or the process leading thereto, including with respect
to any amendment, waiver or other modification hereof or of any other Loan Document (irrespective of whether any Agent or Lender has
advised or is currently advising the Borrowers or any of its Affiliates on other matters) and none of the Agents or the Lenders has any
obligation to the Borrowers or any of their respective Affiliates with respect to the financing transactions contemplated hereby except
those obligations expressly set forth herein and in the other Loan Documents, (iv)&#8239;the Agents and the Lenders and their respective
Affiliates may be engaged in a broad range of transactions that involve interests that differ from, and may conflict with, those of the
Borrowers and their respective Affiliates, and none of the Agents or the Lenders has any obligation to disclose any of such interests
by virtue of any advisory, agency or fiduciary relationship and (v)&#8239;the Agents and the Lenders have not provided and will not provide
any legal, accounting, regulatory or tax advice with respect to any of the transactions contemplated hereby (including any amendment,
waiver or other modification hereof or of any other Loan Document) and the Loan Parties have consulted their own legal, accounting, regulatory
and tax advisors to the extent they have deemed appropriate. Each Loan Party hereby waives and releases, to the fullest extent permitted
by law, any claims that it may have against the Agents and the Lenders with respect to any breach or alleged breach of agency or fiduciary
duty under applicable law relating to agency and fiduciary 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Each
Loan Party acknowledges and agrees that each Lender and any affiliate thereof may lend money to, invest in, and generally engage in any
kind of business with, any of the Loan Parties, any Affiliate thereof or any other person or entity that may do business with or own
securities of any of the foregoing, all as if such Lender or Affiliate thereof were not a Lender hereunder and without any duty to account
therefor to any other Lender, any Loan Party or Affiliate 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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;10.20&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Judgment
Currency</B>. If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due hereunder or under any other
Loan Document in one currency into another currency, the rate of exchange used shall be that at which in accordance with normal banking
procedures the Administrative Agent could purchase the first currency with such other currency on the Business Day preceding that on
which final judgment is given. The obligation of the Loan Parties in respect of any such sum due from it to the Administrative Agent
or the Lenders hereunder or under the other Loan Documents shall, notwithstanding any judgment in a currency (the &ldquo;<U>Judgment
Currency</U>&rdquo;) other than that in which such sum is denominated in accordance with the applicable provisions of this Agreement
(the &ldquo;<U>Agreement Currency</U>&rdquo;), be discharged only to the extent that on the Business Day following receipt by the Administrative
Agent of any sum adjudged to be so due in the Judgment Currency, the Administrative Agent may in accordance with normal banking procedures
purchase the Agreement Currency with the Judgment Currency. If the amount of the Agreement Currency so purchased is less than the sum
originally due to the Administrative Agent from the Loan Parties in the Agreement Currency, the Loan Parties agree, jointly and severally,
as a separate obligation and notwithstanding any such judgment, to indemnify the Administrative Agent or the Person to whom such obligation
was owing against such loss. If the amount of the Agreement Currency so purchased is greater than the sum originally due to the Administrative
Agent in such currency, the Administrative Agent agrees to return the amount of any excess to the respective Loan Party (or to any other
Person who may be entitled thereto 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"></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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;10.21&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Reserved</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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;10.22&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Order
Control. </B>To the extent that any specific provision hereof is inconsistent with any of the Orders, the Interim DIP Order or Final
DIP Order (as applicable) 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 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;10.23&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Certain
ERISA Matters</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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>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 Borrowers or any other Loan Party, that at least one of the following
is and will be true:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>such
Lender is not using &ldquo;plan assets&rdquo; (within the meaning of 29 CFR &sect;&#8239;2510.3-101, as modified by Section&#8239;3(42)
of ERISA) of one or more Plans in connection with the Term Loans or the Commitments,</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent
qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts),
PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption
for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined
by in-house asset managers), is applicable with respect to such Lender&rsquo;s entrance into, participation in, administration of and
performance of the Term Loans, 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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>(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 Term Loans, the Commitments and this Agreement, (C)&#8239;the entrance into, participation in, administration
of and performance of the Term Loans, 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 Term Loans, 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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>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"></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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>In
addition, unless sub-clause (i)&#8239;in the immediately preceding clause (a)&#8239;is true with respect to a Lender or such Lender has
not provided another representation, warranty and covenant as provided in 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 its Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Borrowers or any other
Loan Party, 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: 1.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>none
of the Administrative Agent or any of its Affiliates is a fiduciary with respect to the assets of such Lender (including in connection
with the reservation or exercise of any rights by the Administrative Agent under this Agreement, any Loan Document or any documents related
to 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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Person making the investment decision on behalf of such Lender with respect to the entrance into, participation in, administration of
and performance of the Term Loans, the Commitments and this Agreement is independent (within the meaning of 29 CFR &sect; 2510.3-21)
and is a bank, an insurance carrier, an investment adviser, a broker-dealer or other person that holds, or has under management or control,
total assets of at least $50 million, in each case as described in 29 CFR &sect; 2510.3-21(c)(1)(i)(A)-(E),</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Person making the investment decision on behalf of such Lender with respect to the entrance into, participation in, administration of
and performance of the Term Loans, the Commitments and this Agreement is capable of evaluating investment risks independently, both in
general and with regard to particular transactions and investment strategies (including in respect of the 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: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Person making the investment decision on behalf of such Lender with respect to the entrance into, participation in, administration of
and performance of the Term Loans, the Commitments and this Agreement is a fiduciary under ERISA or the Code, or both, with respect to
the Term Loans, the Commitments and this Agreement and is responsible for exercising independent judgment in evaluating the transactions
hereunder, and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>no
fee or other compensation is being paid directly to the Administrative Agent or its Affiliates for investment advice (as opposed to other
services) in connection with the Term Loans, 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Administrative Agent hereby informs the Lenders that each such Person is not undertaking to provide impartial investment advice, or to
give advice in a fiduciary capacity, in connection with the transactions contemplated hereby, and that such Person has a financial interest
in the transactions contemplated hereby in that such Person or an Affiliate thereof (i)&#8239;may receive interest or other payments with
respect to the Term Loans, the Commitments and this Agreement, (ii)&#8239;may recognize a gain if it extended the Term Loans or the Commitments
for an amount less than the amount being paid for an interest in the Term Loans or the Commitments by such Lender or (iii)&#8239;may receive
fees or other payments in connection with the transactions contemplated hereby, the Loan Documents or otherwise, including structuring
fees, commitment fees, arrangement fees, facility fees, upfront fees, underwriting fees, ticking fees, agency fees, administrative agent
or collateral agent fees, utilization fees, minimum usage fees, letter of credit fees, fronting fees, deal-away or alternate transaction
fees, amendment fees, processing fees, term out premiums, banker&rsquo;s acceptance fees, breakage or other early termination fees or
fees similar to the foregoing.</P>

<P STYLE="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: 0.75in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;10.24&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Indonesian
Language. </B>This Agreement has been negotiated and executed in the English language and may be translated to another language (including
Bahasa Indonesia/Indonesian language). The parties to this Agreement agree in relation to Indonesian Law No.&#8239;24 of 2009 regarding
National Flag, Language, Emblem and Anthem by the Government of Indonesia and Presidential Regulation of Indonesia No.&#8239;63 of 2019
regarding Use of Indonesian Language, that this Agreement, and all amendments to this Agreement, are executed concurrently in English
and Indonesian languages. In the event of any inconsistency or difference of interpretation between the English version and the other
language version (including Indonesian language) of this Agreement or any amendment to this Agreement, the English version will prevail
and the other language version (including Indonesian language) of this Agreement or such amendment is deemed amended to conform with
and to make the relevant part of the other language version (including Indonesian language) comply with the English version 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-align: center"><FONT STYLE="text-transform: uppercase"><B>Article&#8239;XI</B></FONT></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"><FONT STYLE="text-transform: uppercase"><B>Guarantee</B></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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;11.01&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>The
Guarantee</B>. Each Guarantor hereby jointly and severally with the other Guarantors guarantees, as a primary obligor and not as a surety
to each Secured Party and their respective successors and assigns, the prompt payment in full when due (whether at stated maturity, by
required prepayment, declaration, demand, by acceleration or otherwise) of the principal of and interest (including any interest, fees,
costs or charges that would accrue but for the provisions of (i)&#8239;the Title 11 of the United States Code after any bankruptcy or
insolvency petition under Title 11 of the United States Code and (ii)&#8239;any other Debtor Relief Laws) on the Term Loans made by the
Lenders to, and the Notes held by each Lender of, the Borrowers, and all other Obligations from time to time owing to the Secured Parties
by any Loan Party (other than such Guarantor with respect to its primary obligations) under any Loan Document strictly in accordance
with the terms thereof (such obligations being herein collectively called the &ldquo;<U>Guaranteed Obligations</U>&rdquo;). The Guarantors
hereby jointly and severally agree that if the Borrowers or other Guarantor(s)&#8239;shall fail to pay in full when due (whether at stated
maturity, by acceleration or otherwise) any of the Guaranteed Obligations, the Guarantors will promptly pay the same in cash, without
any demand or notice whatsoever, and that in the case of any extension of time of payment or renewal of any of the Guaranteed Obligations,
the same will be promptly paid in full when due (whether at extended maturity, by acceleration or otherwise) in accordance with the terms
of such extension or renewal.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;11.02&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Obligations
Unconditional</B>. The obligations of the Guarantors under <U>Section&#8239;11.01</U> shall constitute a guaranty of payment and to the
fullest extent permitted by applicable Law, are absolute, irrevocable and unconditional, joint and several, irrespective of the value,
genuineness, validity, regularity or enforceability of the Guaranteed Obligations of the Loan Parties under this Agreement, the Term
Notes, if any, any other Loan Document or any other agreement or instrument referred to herein or therein, or any substitution, release
or exchange of any other guarantee of or security for any of the Guaranteed Obligations, and, irrespective of any other circumstance
whatsoever that might otherwise constitute a legal or equitable discharge or defense of a surety or guarantor (except for payment in
full in cash). Without limiting the generality of the foregoing, it is agreed that the occurrence of any one or more of the following
shall not alter or impair the liability of any Guarantor hereunder which shall remain absolute, irrevocable and unconditional under any
and all circumstances as described above:</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: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(i)</FONT></TD><TD STYLE="text-align: justify">at
                                            any time or from time to time, without notice to the Guarantors, to the extent permitted
                                            by Law, the time for any performance of or compliance with any of the Guaranteed Obligations
                                            shall be extended, or such performance or compliance shall be waived;</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: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(ii)</FONT></TD><TD STYLE="text-align: justify">any
                                            of the acts mentioned in any of the provisions of this Agreement or the Term Notes, if any,
                                            or any other agreement or instrument referred to herein or therein shall be done or omitted;</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: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(iii)</FONT></TD><TD STYLE="text-align: justify">the
                                            maturity of any of the Guaranteed Obligations shall be accelerated, or any of the Guaranteed
                                            Obligations shall be amended in any respect, or any right under the Loan Documents or any
                                            other agreement or instrument referred to herein or therein shall be amended or waived in
                                            any respect or any other guarantee of any of the Guaranteed Obligations or except as permitted
                                            pursuant to <U>Section&#8239;11.08</U>, any security therefor shall be released or exchanged
                                            in whole or in part or otherwise dealt with;</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: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(iv)</FONT></TD><TD STYLE="text-align: justify">any
                                            Lien or security interest granted to, or in favor of, any Lender or Agent as security for
                                            any of the Guaranteed Obligations shall fail to be perfected; 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: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(v)</FONT></TD><TD STYLE="text-align: justify">the
                                            release of any other Guarantor pursuant to <U>Section&#8239;11.16</U>.</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: justify; text-indent: 0.5in">The Guarantors hereby expressly
waive diligence, presentment, demand of payment, protest and, to the extent permitted by Law, all notices whatsoever, and any requirement
that any Secured Party exhaust any right, power or remedy or proceed against the Borrowers under this Agreement, the Term Notes, if any,
any other Loan Document or any other agreement or instrument referred to herein or therein, or against any other person under any other
guarantee of, or security for, any of the Guaranteed Obligations. The Guarantors waive, to the extent permitted by Law, any and all notice
of the creation, renewal, extension, waiver, termination or accrual of any of the Guaranteed Obligations and notice of or proof of reliance
by any Secured Party upon this Guarantee or acceptance of this Guarantee, and the Guaranteed Obligations, and any of them, shall conclusively
be deemed to have been created, contracted or incurred in reliance upon this Guarantee, and all dealings between the Borrowers and the
Secured Parties shall likewise be conclusively presumed to have been had or consummated in reliance upon this Guarantee. This Guarantee
shall be construed as a continuing, absolute, irrevocable and unconditional guarantee of payment without regard to any right of offset
with respect to the Guaranteed Obligations at any time or from time to time held by Secured Parties, and the obligations and liabilities
of the Guarantors hereunder shall not be conditioned or contingent upon the pursuit by the Secured Parties or any other person at any
time of any right or remedy against the Borrowers or against any other person which may be or become liable in respect of all or any
part of the Guaranteed Obligations or against any collateral security or guarantee therefor or right of offset with respect thereto.
This Guarantee shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon the Guarantors
and the successors and assigns thereof, and shall inure to the benefit of the Lenders, and their respective successors and assigns, notwithstanding
that from time to time during the term of this Agreement there may be no Guaranteed Obligations 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"></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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;11.03&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Reinstatement</B>.
The obligations of the Guarantors under this <U>Article&#8239;XI</U> shall be automatically reinstated if and to the extent that for any
reason any payment by or on behalf of the Borrowers or other Loan Party in respect of the Guaranteed Obligations is rescinded or must
be otherwise restored by any holder of any of the Guaranteed Obligations, whether as a result of any proceedings in bankruptcy or reorganization
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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;11.04&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Subrogation;
Subordination</B>. Each Guarantor hereby agrees that until the payment and satisfaction in full in cash of all Guaranteed Obligations
and the expiration and termination of the Commitments of the Lenders under this Agreement it shall waive any claim and shall not exercise
any right or remedy, direct or indirect, arising by reason of any performance by it of its guarantee in <U>Section&#8239;11.01</U>, whether
by subrogation or otherwise, against any Borrower or any other Guarantor of any of the Guaranteed Obligations or any security for any
of the Guaranteed Obligations. Any Indebtedness of any Loan Party permitted pursuant to <U>Section&#8239;7.03(b)</U>&#8239;and <U>(c)</U>&#8239;shall
be subordinated to such Loan Party&rsquo;s Obligations in the manner set forth in the Intercompany Parent Note evidencing such Indebtedness
or the applicable intercompany subordination 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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;11.05&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Remedies</B>.
The Guarantors jointly and severally agree that, as between the Guarantors and the Lenders, the obligations of the Borrowers under this
Agreement and the Term Notes, if any, may be declared to be forthwith due and payable as provided in <U>Section&#8239;8.02</U> (and shall
be deemed to have become automatically due and payable in the circumstances provided in <U>Section&#8239;8.02</U>) for purposes of <U>Section&#8239;11.01</U>,
notwithstanding any stay, injunction or other prohibition preventing such declaration (or such obligations from becoming automatically
due and payable) as against the Borrowers and that, in the event of such declaration (or such obligations being deemed to have become
automatically due and payable), such obligations (whether or not due and payable by the Borrowers) shall forthwith become due and payable
by the Guarantors for purposes of <U>Section&#8239;11.01</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 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;11.06&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Instrument
for the Payment of Money</B>. Each Guarantor hereby acknowledges that the guarantee in this <U>Article&#8239;XI</U> constitutes an instrument
for the payment of money, and consents and agrees that any Lender or Agent, at its sole option, in the event of a dispute by such Guarantor
in the payment of any moneys due hereunder, shall have the right to bring a motion-action under New York CPLR Section&#8239;3213.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;11.07&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Continuing
Guarantee</B>. The guarantee in this <U>Article&#8239;XI</U> is a continuing guarantee of payment, and shall apply to all Guaranteed Obligations
whenever arising.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;11.08&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>General
Limitation on Guarantee Obligations</B>. In any action or proceeding involving any state, provincial or federal corporate, limited partnership
or limited liability company law, or any applicable state, federal or foreign bankruptcy, insolvency, reorganization or other Law affecting
the rights of creditors generally, if the obligations of any Guarantor under <U>Section&#8239;11.01</U> would otherwise be held or determined
to be void, voidable, invalid or unenforceable, or subordinated to the claims of any other creditors, on account of the amount of its
liability under <U>Section&#8239;11.01</U>, then, notwithstanding any other provision to the contrary, the amount of such liability shall,
without any further action by such Guarantor, any Loan Party or any other person, be automatically limited and reduced to the highest
amount (after giving effect to the right of contribution established in <U>Section&#8239;11.16</U>) that is valid and enforceable and
not subordinated to the claims of other creditors as determined in such action 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"></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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;11.09&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Specific
Limitation for Swiss Guarantors</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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>If
and to the extent that (i)&#8239;a Swiss Guarantor becomes, under <U>Section&#8239;11.01</U> or under any other provision of any Loan Document
liable for Guaranteed Obligations of its Affiliates (other than those of its direct or indirect wholly owned Subsidiaries) or otherwise
obliged to grant economic benefits to its Affiliates (other than its direct or indirect wholly owned Subsidiaries), including, for the
avoidance of doubt, any restrictions of such Swiss Guarantor&rsquo;s rights of set-off and/or subrogation or its duties to subordinate
or waive claims and (ii)&#8239;complying with such obligations would constitute a repayment of capital (<I>Einlager&uuml;ckgew&auml;hr</I>),
a violation of the legally protected reserves (<I>gesetzlich gesch&uuml;tzte Reserven</I>) or the payment of a (constructive) dividend
(<I>Gewinnaussch&uuml;ttung</I>) by such Swiss Guarantor or would otherwise be restricted under Swiss corporate law then applicable (the
 &ldquo;<U>Restricted Obligations</U>&rdquo;), the aggregate liability of such Swiss Guarantor for Restricted Obligations shall be limited
to the amount available for distribution as dividends to the shareholders of such Swiss Guarantor at the time such Swiss Guarantor is
required to perform under any Loan Document, <U>provided</U> that this is a requirement under applicable Swiss law at that time and further
<U>provided</U> that such limitation shall not discharge such Swiss Guarantor from its obligations in excess thereof, but merely postpone
the performance date therefore until such times as performance 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>In
respect of Restricted Obligations, each Swiss Guarantor 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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>if
and to the extent required by applicable law in force at the relevant time use its best efforts to mitigate to the extent possible any
Swiss Withholding Tax obligations to be levied on the Restricted Obligations (and cause its parent and other relevant Affiliates to fully
cooperate in any mitigating efforts), in particular through the notification procedure, and promptly notify the Administrative Agent
thereof or, if such a notification procedure is not 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-align: justify; text-indent: 2in"><FONT STYLE="font-size: 10pt">(A)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>deduct
Swiss Withholding Tax at the rate of 35% (or such other rate as in force from time to time pursuant to, in particular, any applicable
double taxation treaty) from any payment made by it in respect of Restricted 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: justify; text-indent: 2in"><FONT STYLE="font-size: 10pt">(B)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>pay
any such deduction to the Swiss Federal Tax Administration; 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-align: justify; text-indent: 2in"><FONT STYLE="font-size: 10pt">(C)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>notify
(and the Lead Borrower shall ensure that such Swiss Guarantor will notify) the Administrative Agent that such a deduction has been made
and provide the Administrative Agent with evidence that such a deduction has been paid to the Swiss Federal Tax Administration; 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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>to
the extent such a deduction is made, not be obliged to either gross-up payments and/or indemnify the Secured Parties in accordance with
<U>Section&#8239;3.01</U> in relation to any such payment made by it in respect of Restricted Obligations unless grossing-up and/or indemnifying
is permitted under the laws of Switzerland then in force (it being understood that this shall not in any way limit any obligations of
any other Loan Party under any Loan Document to indemnify the Secured Parties in respect of the deduction of the Swiss Withholding Tax).
Each Swiss Guarantor shall use its commercially reasonable efforts to ensure that any Person which is, as a result of a deduction of
Swiss Withholding Tax, entitled to a full or partial refund of the Swiss Withholding Tax, will, as soon as possible after the deduction
of the Swiss Withholding Tax, (i)&#8239;request a refund of the Swiss Withholding Tax under any applicable law (including double tax treaties)
and (ii)&#8239;promptly upon receipt, pay to the Administrative Agent (or to any such other Secured Party as directed by the Administrative
Agent) any amount so refunded for application as a further payment of such Swiss Guarantor under and pursuant to the relevant 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>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 Secured Parties to obtain a maximum benefit under this <U>Article&#8239;XI</U>, each Swiss
Guarantor shall, and any parent company of such Swiss Guarantor being a party to this Agreement shall procure that such Swiss Guarantor
will, promptly implement all such measures and/or promptly procure the fulfillment of all prerequisites allowing it to promptly 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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>preparation
of an up-to-date audited balance sheet of such Swiss Guarantor;</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>confirmation
of the auditors of such Swiss Guarantor that the relevant amount represents (the maximum of) freely distributable profits 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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>conversion
of restricted reserves into profits and reserves freely available for the distribution as dividends (to the extent permitted by mandatory
Swiss 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: 1.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>revaluation
of hidden reserves (to the extent permitted by mandatory Swiss 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: 1.5in"><FONT STYLE="font-size: 10pt">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>approval
by a shareholders&rsquo; meeting of such Swiss Guarantor of the (resulting) profit distribution; 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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>all
such other measures necessary or useful to allow such Swiss Guarantor to make the payments 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 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;11.10&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Specific
Limitation for Belgian Guarantors</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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Definitions.
The following terms shall have the following meaning for the purposes of this Section&#8239;11.10, unless the context requires 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-align: justify; text-indent: 0.5in">&ldquo;BCCA&rdquo;
means the Belgian Code of Companies and Associations of 23 March&#8239;2019, 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 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Belgian
Guarantor&rdquo; means each of TRINSEO BELGIUM BV, having its statutory seat at Havenlaan 7, 3980 Tessenderlo (Belgium), registered with
the Crossroads Bank of Enterprises under number 0820.679.188 (RPR Antwerp &ndash; division Hasselt);</P>

<P STYLE="font: 10pt 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: 0.5in">&ldquo;Net Assets&rdquo;
shall have the meaning given to it in article 5:142 third paragraph BCCA, and, in the event of a dispute on the amount thereof, a certificate
of such amount from the statutory auditors of the relevant Belgian Guarantor (or, if none, an independent accountant of international
reputation appointed upon the Agent's request by the &quot;<I>Insituut van de Bedrijfsrevisoren/ Institut des R&eacute;viseurs d'Entreprises</I>&quot;)
shall be conclusive, save in the case of 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 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;On Lending&rdquo;
means the aggregate amount of all amounts (whether or not due or payable) made available by a member of the relevant Belgian Guarantor&rsquo;s
company group to the relevant Belgian Guarantor and/or any of its Subsidiaries, irrespective of whether retained or on lent by such Belgian
Guarantor or its Subsidiaries; 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: 0.5in">&ldquo;Subsidiary&rdquo;
means a company which is controlled by that company in the meaning of Article&#8239;1:15, 2&deg; BCCA.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Limitation</U>.
Notwithstanding any provision to the contrary herein, the liability of each Belgian Guarantor under any Loan Document for the Guaranteed
Obligations of its Affiliates, which is not a direct or indirect Subsidiary of that Belgian Guarantor, will be limited to the greater
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-align: justify; text-indent: 1in">an amount equal to
85 (eighty-five) per cent of the Net Assets of such Belgian Guarantor calculated on the basis of its most recent annual financial statements
available at the date of the Guaranty;</P>

<P STYLE="font: 10pt 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">an amount equal to
85 (eighty-five) per cent of the Net Assets of such Belgian Guarantor calculated on the basis of its most recent annual financial statements
available at the date on which a demand is made on the Belgian Guarantor under the Guaranty; 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">the highest amount
of On Lending to such Belgian Guarantor and its Subsidiaries at any time between the date of the Guaranty and the date on which a demand
is made against the Belgian Guarantor under the Guaranty.</P>

<P STYLE="font: 10pt 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">In addition, the
Guaranty does not apply to any liability to the extent that it would result in the Guaranty constituting unlawful financial assistance
within the meaning of Article&#8239;5:152 BCCA.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;11.11&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Specific
Limitation for Irish Guarantors</B>. In respect of any Irish Guarantor, none of that Irish Guarantor&rsquo;s obligations and liabilities
under Section&#8239;11.01 (and under any other guarantee or indemnity provision in a Loan Document) will extend to include any obligation
or liability to the extent doing so would constitute:</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>unlawful
financial assistance (within the meaning of section 82 of the Companies Act 2014 of Ireland, as amended); 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>a
breach of section 239 of the Companies Act 2014 of Ireland, as amended;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">and no Collateral or any other security granted by that Irish Guarantor
will secure any such obligation or 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"></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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;11.12&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Specific
Limitation for German Guarantors</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 0.25in; text-align: justify; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>In
this Section&#8239;11.12:</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-align: justify; text-indent: 0.5in">&ldquo;<U>German Guarantor</U>&rdquo;
means a Guarantor incorporated under the laws of Germany as a GmbH.</P>

<P STYLE="font: 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">&ldquo;<U>GmbH</U>&rdquo;
means a German limited liability company (<I>Gesellschaft mit beschr&auml;nkter Haftung</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-align: justify; text-indent: 0.5in">&ldquo;<U>GmbHG</U>&rdquo;
means the German Limited Liabilities Companies Act (<I>Gesetz betreffend die Gesellschaften mit beschr&auml;nkter Haftung</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-align: justify; text-indent: 0.5in">&ldquo;<U>Net Assets</U>&rdquo;
means net assets (Section&#8239;266 paragraph (2)&#8239;A, B, C, D and E German Commercial Code (<I>Handelsgesetzbuch</I>)) of the relevant
German Guarantor less the aggregate of its liabilities (Section&#8239;266 paragraph (3)&#8239;B (but disregarding any accruals (<I>R&uuml;ckstellungen</I>)
in respect of a potential enforcement of the Relevant Guarantee or any Transaction Security), C, D and E German Commercial Code), the
amount of profits (<I>Gewinne</I>) not available for distribution to its shareholders in accordance with sections 253 paragraph 6, 268
paragraph 8 and 272 paragraph 5 German Commercial Code and the amount of its stated share capital (<I>Stammkapital</I>) calculated (on
the date on which the relevant German Guarantor becomes a party to this Agreement) in accordance with the principle of orderly bookkeeping
(<I>Grunds&auml;tze ordnungsm&auml;&szlig;iger Buchf&uuml;hrung</I>) applying the same accounting principles (<I>Bilanzierungsgrunds&auml;tze</I>)
which have been consistently applied by the relevant German Guarantor in preparing its unconsolidated balance sheets (<I>Jahresabschluss</I>)
(Section&#8239;42 GmbHG, Sections 242, 264 German Commercial Code (<I>Handelsgesetzbuch</I>)) in the previous years, save that the following
balance sheet items shall be adjusted as follows: (i)&#8239;as far as the registered share capital was not paid in full, the amount not
paid in shall be deducted from the amount of the registered share capital of that German Guarantor; (ii)&#8239;loans provided to the relevant
German Guarantor by a member of the Group shall be disregarded, if and to the extent that such loans were subordinated pursuant to Section&#8239;39
paragraph 1 Nr. 5 or Section&#8239;39 paragraph 2 of the German Insolvency Code (<I>Insolvenzordnung</I>) (or would be subordinated in
case of insolvency) and (iii)&#8239;financial liabilities incurred by that German Guarantor in breach of the Loan Documents shall not
be taken into account as liabilities.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Scope.
This shall only apply if and to the extent (i)&#8239;a German Guarantor guarantees the indebtedness of its direct or indirect shareholder(s)&#8239;or
of a subsidiary of such shareholder (&ldquo;<U>Up-stream and/or Cross-stream Guarantee&ldquo;)</U>; and (ii)&#8239;the granting of the
guarantee in this Article&#8239;XI would result in a liability of the managing directors of the relevant German Guarantor for breach of
Section&#8239;30 of the GmbHG on the date that Guarantor became a party 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Exceptions</U>.
In any event, the restrictions set out in this Section&#8239;11.12 shall not apply to the extent: (i)&#8239;the German Guarantor guarantees
any indebtedness of any of its direct or indirect subsidiaries; (ii)&#8239;to the extent that the Up-stream and/or Cross-stream Guarantee
secures (A)&#8239;any Term Loans that are on-lent or actually disbursed to the relevant German Guarantor or any of its Subsidiaries and
not repaid or (B)&#8239;any outstanding bank guarantees or letters of credit that are issued under the Loan Documents for the benefit
of the relevant German Guarantor or any of its Subsidiaries which are not returned; (iii)&#8239;any of the exceptions set out in Section&#8239;30
para. 1 sentence 2 GmbHG applies; (iv)&#8239;if at the time of enforcement of that Up-stream and/or Cross-stream Guarantee the relevant
German Guarantor (as dominated entity) is party to a domination and/or profit and loss transfer agreement (<I>Beherrschungs-und/oder
Gewinnabf&uuml;hrungsvertrag</I>) other than where despite the existence of such domination and/or profit and loss transfer agreement
(<I>Beherrschungs-und/oder Gewinnabf&uuml;hrungsvertrag</I>) there would be a violation of sections 30 GmbHG; or (v)&#8239;if insolvency
proceedings have been opened in relation to the relevant German Guarantor and, as a consequence thereof, any payment does no longer cause
or result in any personal liability (whether criminal and/or civil) of any current or former managing director of such German Guarantor.</P>

<P STYLE="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"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>If
enforcement of any Up-stream and/or Cross-stream Guarantee against a German Guarantor is or would be limited or excluded pursuant to
paragraph&#8239;(c)&#8239;above, that German Guarantor shall, upon request of the Administrative Agent (acting on the instructions of the
Required Lenders), use best efforts to promptly realise, to the extent permitted by law and under the Loan Documents and commercially
reasonable, each asset capitalised on its balance sheet with a book value that is significantly lower than its market value and which
is not required for its business (<I>betriebsnotwendig</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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Capital
Impairment</U>. The parties to this Agreement agree that if a German Guarantor is able to demonstrate that the granting of the guarantee
in this <U>Article&#8239;XI</U> by it (the &ldquo;<U>German Guarantee</U>&rdquo;) had, on the date that such German Guarantor became a
party to this Agreement, the effect of causing the amount of that German Guarantor&rsquo;s Net Assets to fall below the amount of its
registered share capital (<I>Stammkapital</I>) (or increase an existing shortage of its registered share capital) in violation of Section&#8239;30
GmbHG, (such event is hereinafter referred to as a &ldquo;<U>Capital Impairment</U>&rdquo;), then the Loan Parties shall demand payment
under the German Guarantee from such German Guarantor only to the extent such Capital Impairment would not have 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Management
Notification and Auditors&rsquo; Determination</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: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
relevant German Guarantor will notify the Administrative Agent in writing in reasonable detail within fifteen&#8239;(15) Business Days
of receiving notice from the Administrative Agent of the Administrative Agent&rsquo;s intention to demand payment under the guarantee
in this <U>Article&#8239;XI</U> whether and to what extent a Capital Impairment occurred on the date of the entry into this Agreement
(the &ldquo;<U>Management Notification</U>&rdquo;). Demanding payment under the guarantee in this <U>Article&#8239;XI</U> from such German
Guarantor up to the amount which, according to the Management Notification, would not result in a Capital Impairment is permitted without
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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
relevant German Guarantor will provide an auditors&rsquo; determination by the Auditors within thirty&#8239;(30) Business Days from the
date on which the Collateral Agent received the Management Notification (the &ldquo;<U>Auditors&rsquo; Determination</U>&rdquo;). Such
Auditors&rsquo; Determination shall set out:</P>

<P STYLE="font: 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: 2in"><FONT STYLE="font-size: 10pt">(A)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
amount of Net Assets of that German Guarantor taking into account the relevant adjustments, 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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="font-size: 10pt">(B)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
extent of the Capital Impairment.</P>

<P STYLE="font: 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"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Demanding payment under the German Guarantee
from such German Guarantor up to the amount which, according to the Auditors&rsquo; Determination, did not result in a Capital Impairment
is permitted without limitation. The results of the Auditors&rsquo; Determination are, save for manifest errors, binding on all 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-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>If
the relevant German Guarantor does not provide the Management Notification or the Auditors&rsquo; Determination within the time frame
set out above, demanding payment under the German Guarantee shall not be limited by this Section&#8239;11.12. In particular neither the
Agent nor any Loan Party shall be obliged to make available to that German Guarantor any proceeds realized.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>No
Waiver</U>. This Section&#8239;11.12 shall not affect the enforceability (other than as specifically set out herein), legality or validity
of a German Guarantee and each Loan Party is entitled to claim in court that the granting of and/or making payments under a German Guarantee
by the relevant German Guarantor does not fall within the scope of Section&#8239;30 of the GmbHG. The Loan Parties&rsquo; rights to any
remedies they may have against the relevant German Guarantor shall not be limited if it is finally ascertained in court that Section&#8239;30
of the GmbHG did not apply. The agreement of the Loan Parties to abstain from demanding any or part of the payment under a German Guarantee
in accordance with the provisions above shall not constitute a waiver (<I>Verzicht</I>) of any right granted under this Agreement or
any other Loan Document to the Agent or any 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"><FONT STYLE="font-size: 10pt">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>GmbH&#8239;&amp;
Co KG</U>. In the case of a limited partnership with a limited liability company as its general partner (<I>GmbH&#8239;&amp;&#8239;Co.
KG</I>) the provisions under this Section&#8239;11.12 shall apply <I>mutatis mutandis</I> and all references to Capital Impairment and
Net Assets shall be construed as a reference to capital impairment and net assets of the general partner of such German Guarantor.</P>

<P STYLE="font: 10pt 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;11.13&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Reserved</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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;11.14&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Reserved</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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;11.15&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Release
of Guarantors</B>. When all Commitments hereunder have terminated, and all Term Loans or other Obligations hereunder which are accrued
and payable have been paid or satisfied, this Agreement and the Guarantees made herein shall terminate with respect to all Obligations,
except with respect to Obligations that expressly survive such repayment pursuant to 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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;11.16&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Right
of Contribution</B>. Each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its proportionate share
of any payment made hereunder, such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor
hereunder which has not paid its proportionate share of such payment. Each Guarantor&rsquo;s right of contribution shall be subject to
the terms and conditions of <U>Section&#8239;11.08</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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;11.17&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Reserved</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 0pt 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;11.18&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Reserved</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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;11.19&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Reserved</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 0.25in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Section&#8239;11.20&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Acknowledgment
and Consent to Bail-In of Affected Financial Institutions</B>. Notwithstanding anything to the contrary in any Loan Document or in any
other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liabilities of any Affected
Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and
conversion powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(i)</FONT></TD><TD STYLE="text-align: justify">the
                                            application of any Write-Down and Conversion Powers by an the applicable Resolution Authority
                                            to any such liabilities arising hereunder which may be payable to it by any party hereto
                                            that is an Affected Financial Institution; and</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: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(ii)</FONT></TD><TD STYLE="text-align: justify">the
                                            effects of any Bail-in Action on any such liability, including, if applicable:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>a
reduction in full or in part or cancellation of any such liability;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>a
conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution,
its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other
instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this 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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of the applicable Resolution
Authority.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As used in this Section&#8239;11.20,
the following terms shall have the meanings set forth below.</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: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(iii)</FONT></TD><TD STYLE="text-align: justify">&ldquo;Affected
                                            Financial Institution&rdquo; means (a)&#8239;any EEA Financial Institution or (b)&#8239;any
                                            UK Financial Institution.</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: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(iv)</FONT></TD><TD STYLE="text-align: justify">&ldquo;Bail-In
                                            Action&rdquo; means the exercise of any Write-Down and Conversion Powers by the applicable
                                            EEA Resolution Authority in respect of any liability of an Affected Financial Institution.</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: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(v)</FONT></TD><TD STYLE="text-align: justify">&ldquo;Bail-In
                                            Legislation&rdquo; means (a)&#8239;with respect to any EEA Member Country implementing Article&#8239;55
                                            of Directive 2014/59/EU of the European Parliament and of the Council of the European Union,
                                            the implementing law, regulation, rule&#8239;or requirement for such EEA Member Country from
                                            time to time which is described in the EU Bail-In Legislation Schedule and (b)&#8239;with
                                            respect to the United Kingdom, Part&#8239;I of the United Kingdom Banking Act 2009 (as amended
                                            from time to time) and any other law, regulation or rule&#8239;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).</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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    <!-- Field: /Page -->

<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: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(vi)</FONT>&nbsp;&nbsp;</TD><TD STYLE="text-align: justify">&ldquo;Resolution
                                            Authority&rdquo; means an EEA Resolution Authority or, with respect to any UK Financial Institution,
                                            a UK Resolution Authority.</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: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(vii)</FONT>&nbsp;&nbsp;</TD><TD STYLE="text-align: justify">&ldquo;UK
                                            Financial Institution&rdquo; means any BRRD Undertaking (as such term is defined under the
                                            PRA Rulebook (as amended form time to time) promulgated by the United Kingdom Prudential
                                            Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended
                                            from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes
                                            certain credit institutions and investment firms, and certain affiliates of such credit institutions
                                            or investment firms.</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: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(viii)</FONT>&nbsp;&nbsp;</TD><TD STYLE="text-align: justify">&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.</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: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(ix)</FONT>&nbsp;&nbsp;</TD><TD STYLE="text-align: justify">&ldquo;Write-Down
                                            and Conversion Powers&rdquo; means (a)&#8239;with respect to any EEA Resolution Authority,
                                            the write-down and conversion powers of such EEA Resolution Authority from time to time under
                                            the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion
                                            powers are described in the EU Bail-In Legislation Schedule and (b)&#8239;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.</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-indent: 0.25in">IN WITNESS WHEREOF, the parties hereto have caused
this Agreement to be duly executed by their respective authorized officers as of the day and year first above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</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>&#8239;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>TRINSEO
    NA FINANCE LLC</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">, <BR>
    </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">as Holdings</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&#8239;</TD>
    <TD COLSPAN="2">&#8239;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&#8239;</TD>
    <TD STYLE="width: 3%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 47%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    David Stasse</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&#8239;</TD>
    <TD STYLE="text-align: justify">&#8239;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:
    David Stasse</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&#8239;</TD>
    <TD STYLE="text-align: justify">&#8239;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:
    Manager and Executive Vice President and Chief Financial Officer</FONT></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 - Super HoldCo DIP 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"></P>

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    <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 -->

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif">SIGNED and DELIVERED as a DEED for and on behalf of</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif">TRINSEO PLC by its lawfully appointed attorney</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 45%">By: David Stasse</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <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/ David Stasse</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">under a power of attorney dated in the presence of:</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <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/ Angelo N. Chaclas</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">(Attorney &rsquo;s signature) &#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <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/ Carrie L. DiJulia</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">(Witness&rsquo; signature)</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <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">Carrie L. DiJulia</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">(Witness&rsquo; name)</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">449 E. Swedesford Rd., Suite&#8239;301</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Wayne, PA 19087 USA</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <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-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <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">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">(Witness&rsquo; address)</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <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-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Executive Assistant</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <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">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">(Witness&rsquo; occupation)</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#8239;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page&#8239;- Super HoldCo DIP 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"></P>

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    <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 CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&#8239;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>TRINSEO
    LUXCO FINANCE SPV S.&Agrave; R.L.</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">, <BR>
    as Lead Borrower</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&#8239;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&#8239;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&#8239;</TD>
    <TD STYLE="width: 3%; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 47%; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    David Stasse</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:
    David Stasse</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:&#8239;&#8239;&#8239;Manager</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8239;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page&#8239;- Super HoldCo DIP 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"></P>

<!-- Field: Page; Sequence: 170 -->
    <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 CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR>
    <TD>&#8239;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>TRINSEO
    NA FINANCE SPV LLC, <BR>
    as </B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">Co-Borrower</FONT></TD></TR>
  <TR>
    <TD>&#8239;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; font-size: 10pt">&#8239;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    David Stasse</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:
    David Stasse</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:
    Manager and Executive Vice President and Chief Financial Officer</FONT></TD></TR>
  <TR>
    <TD STYLE="width: 50%">&#8239;</TD>
    <TD STYLE="width: 3%">&#8239;</TD>
    <TD STYLE="width: 47%">&#8239;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8239;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page&#8239;- Super HoldCo DIP 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"></P>

<!-- Field: Page; Sequence: 171 -->
    <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 CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR>
    <TD>&#8239;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>ARISTECH
    SURFACES LLC, <BR>
    as </B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">Guarantor</FONT></TD></TR>
  <TR>
    <TD>&#8239;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt">&#8239;</TD></TR>
  <TR>
    <TD STYLE="width: 50%">&#8239;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; font-size: 10pt; text-align: justify; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    David Stasse</FONT></TD>
    </TR>
  <TR>
    <TD>&#8239;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:
    David Stasse</FONT></TD>
    </TR>
  <TR>
    <TD>&#8239;</TD>
    <TD STYLE="vertical-align: top"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Title:
Manager</P></TD>
    </TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8239;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page&#8239;- Super HoldCo DIP 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"></P>

<!-- Field: Page; Sequence: 172 -->
    <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 CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 50%">&#8239;</TD>
    <TD STYLE="font-size: 10pt; width: 50%"><B>ALTUGLAS LLC</B>, <BR>
    as <FONT STYLE="font-family: Times New Roman, Times, Serif">Guarantor</FONT></TD>
    </TR>
  <TR>
    <TD>&#8239;</TD>
    <TD STYLE="font-size: 10pt">&#8239;</TD></TR>
  <TR>
    <TD>&#8239;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    David Stasse</FONT></TD>
    </TR>
  <TR>
    <TD>&#8239;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:
    David Stasse</FONT></TD>
    </TR>
  <TR>
    <TD>&#8239;</TD>
    <TD STYLE="vertical-align: top"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Title:
Manager</P></TD>
    </TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8239;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page&#8239;- Super HoldCo DIP 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"></P>

<!-- Field: Page; Sequence: 173 -->
    <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 CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 50%">&#8239;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>TAIWAN
    TRINSEO LIMITED, <BR>
    as </B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">Guarantor</FONT></TD></TR>
  <TR>
    <TD>&#8239;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt">&#8239;</TD></TR>
  <TR>
    <TD>&#8239;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    David Stasse</FONT></TD>
    </TR>
  <TR>
    <TD>&#8239;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:
    David Stasse</FONT></TD>
    </TR>
  <TR>
    <TD>&#8239;</TD>
    <TD STYLE="vertical-align: top"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Title:
Authorized Signatory</P></TD>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8239;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page&#8239;- Super HoldCo DIP 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"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 50%">&#8239;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>TAIWAN
    DEUTSCHLAND GMBH, <BR>
    as </B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">Guarantor</FONT></TD></TR>
  <TR>
    <TD>&#8239;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt">&#8239;</TD></TR>
  <TR>
    <TD>&#8239;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    David Stasse</FONT></TD>
    </TR>
  <TR>
    <TD>&#8239;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:
    David Stasse</FONT></TD>
    </TR>
  <TR>
    <TD>&#8239;</TD>
    <TD STYLE="vertical-align: top"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Title:
Authorized Signatory</P></TD>
    </TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8239;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page&#8239;- Super HoldCo DIP 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"></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 CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 50%">&#8239;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>TAIWAN
    DEUTSCHLAND ANLAGENGESELLSCHAFT MBH, <BR>
    </B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">as Guarantor</FONT></TD></TR>
  <TR>
    <TD>&#8239;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt">&#8239;</TD></TR>
  <TR>
    <TD>&#8239;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    David Stasse</FONT></TD>
    </TR>
  <TR>
    <TD>&#8239;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:
    David Stasse</FONT></TD>
    </TR>
  <TR>
    <TD>&#8239;</TD>
    <TD STYLE="vertical-align: top"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Title:
Authorized Signatory</P></TD>
    </TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8239;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page&#8239;- Super HoldCo DIP 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"></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 CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 50%">&#8239;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>TAIWAN
    BELGIUM BV, <BR>
    </B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">as Guarantor</FONT></TD></TR>
  <TR>
    <TD>&#8239;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt">&#8239;</TD></TR>
  <TR>
    <TD>&#8239;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    David Stasse</FONT></TD>
    </TR>
  <TR>
    <TD>&#8239;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:
    David Stasse</FONT></TD>
    </TR>
  <TR>
    <TD>&#8239;</TD>
    <TD STYLE="vertical-align: top"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Title:
Authorized Signatory</P></TD>
    </TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8239;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page&#8239;- Super HoldCo DIP 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"></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 CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&#8239;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>ALTER
    DOMUS (US) LLC</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">,<BR>
    as Administrative Agent and Collateral Agent</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&#8239;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&#8239;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&#8239;</TD>
    <TD STYLE="width: 3%; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 47%; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    Matthew Trybula</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&#8239;</TD>
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:
    Matthew Trybula</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&#8239;</TD>
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:&#8239;&#8239;&#8239;Head
    of Legal, Commercial Transactional</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page&#8239;to SHC DIP 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"></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">[Lender Signatures on file with Administrative
Agent]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0">&#8239;</P>

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<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>tm2615985d1_ex10-3.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&#8239;</P>

<P STYLE="text-align: right; margin: 0">Exhibit&#8239;10.3</P>

<P STYLE="margin: 0">&#8239;</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">[***] INDICATES THE PORTION OF THIS EXHIBIT THAT HAS BEEN OMITTED BECAUSE IT IS BOTH (i) NOT MATERIAL AND (ii) THE TYPE OF INFORMATION
COMPANY TREATS AS PRIVATE OR CONFIDENTIAL</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT><B>AMENDMENT AND
RESTATEMENT AGREEMENT</B> dated as of May 29, 2026 (this &ldquo;<B>Agreement</B>&rdquo;), by and among <B>STYRON RECEIVABLES FUNDING
DESIGNATED ACTIVITY COMPANY</B>, a company incorporated in Ireland (the &ldquo;<B>Borrower</B>&rdquo;), <B>TRINSEO IRELAND GLOBAL
IHB LIMITED</B>, a company incorporated in Ireland (the &ldquo;<B>Investment Manager</B>&rdquo;), <B>THE LENDERS</B> (as defined
below), <B>GLAS USA LLC</B>, as the Administrative Agent (in such capacity, the &ldquo;<B>Administrative Agent</B>&rdquo;) and <B>GLAS
AMERICAS LLC</B>, as the Collateral Agent (in such capacity, the &ldquo;<B>Collateral Agent</B>&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: 0.5in"><B>WHEREAS </B>the Borrower,
the Investment Manager, the lenders party thereto (the &ldquo;<B>Existing Lenders</B>&rdquo;), the Administrative Agent and the Collateral
Agent are party to the Credit and Security Agreement, dated as of July 18, 2024 (as amended, restated, supplemented or otherwise modified
from time to time prior to the date hereof, the &ldquo;<B>Existing Credit Agreement</B>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, the Investment
Manager and certain of its Affiliates are filing cases under chapter 11 (the &ldquo;<B><I>Chapter 11 Cases</I></B>&rdquo;) of the Bankruptcy
Code (as each term is in the Existing Credit Agreement) in the United States Bankruptcy Court for the Southern District of Texas (the
 &ldquo;<B><I>Bankruptcy Court</I></B>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, in connection
with the Chapter 11 Cases, the Investment Manager and the Borrower have requested that the Existing Credit Agreement be amended and restated
to provide for the refinancing of the obligations under the Existing Credit Agreement and a continuation of the revolving loan facility
and the other transactions contemplated hereby during the Chapter 11 Cases in the form of the Amended and Restated Credit and Security
Agreement attached hereto as <U>Exhibit A</U> (the &ldquo;<B>Amended and Restated Credit Agreement</B>&rdquo;, except as otherwise provided
herein, capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Amended and Restated Credit
Agreement) (such amendment and restatement, the &ldquo;<B>Amendment and Restatement</B>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B> substantially
simultaneously with the effectiveness of the Amendment and Restatement and upon the terms and subject to the conditions set forth herein
and in the Amended and Restated Credit Agreement (a) the lenders listed on <U>Schedule 1</U> hereto (collectively, the &ldquo;<B>New Lenders</B>&rdquo;)
have severally agreed to make Advances to the Borrower from time to time pursuant to the terms and conditions set forth in the Amended
and Restated Credit Agreement in amounts not to exceed the amounts set forth opposite each such Lender&rsquo;s name on such Schedule 1
and (b) the New Lenders shall refinance the Existing Lenders by repaying the Borrower Obligations (as defined in the Existing Credit Agreement)
owing to the Existing Lenders under the Existing Credit Agreement (other than contingent indemnification obligations not then due) in
full (collectively, the &quot;<B>Refinancing</B>&quot;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS </B>substantially
simultaneously with the effectiveness of the Amendment and Restatement and upon the terms and subject to the conditions set forth herein,
the Borrower wishes to affirm and confirm its grant of the Security Interest (as defined in the Existing Credit Agreement) under the Existing
Credit Agreement, as modified by the Amendment and Restatement (the &ldquo;<B>Security Interest Reaffirmation</B>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&#8239;</B>&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B> it is the intention
of all parties hereto that the Amendment and Restatement, the Refinancing and the Security Interest Reaffirmation (collectively, the &ldquo;<B>Transactions</B>&rdquo;)
occur substantially simultaneously and become fully effective upon the satisfaction of all conditions to effectiveness listed in <U>Section
4</U> below (the &ldquo;<B>Restatement Date</B>&rdquo;); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></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; text-align: justify"><B>&#8239;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B> it is the intention
of all parties hereto that, following the Transactions (a)&#8239;the Amended and Restated Credit Agreement will be a continuation of the
Existing Credit Agreement and (b) the Collateral securing the Borrower Obligations under the Existing Credit Agreement will continue to
secure, with equal priority, the Borrower Obligations under the Amended and Restated Credit Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&#8239;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE</B>, in
consideration of the mutual agreements herein contained and other good and valuable consideration, the sufficiency and receipt of which
are hereby acknowledged, the parties hereto agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&#8239;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>SECTION</B> <B>1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239; </FONT>AMENDMENT AND RESTATEMENT.</B></P>



<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Borrower, the Investment
Manager, the Administrative Agent, the Collateral Agent, the Existing Lenders and the New Lenders hereby agree that, as of the Restatement
Date, the Existing Credit Agreement shall be amended and restated in its entirety in the form of the Amended and Restated Credit Agreement
attached hereto as <U>Exhibit A</U>. The Borrower, the Investment Manager, the Administrative Agent and the Collateral Agent each agree
that each Transaction Document shall be amended and restated to the extent necessary or desirable to effectuate the transactions contemplated
hereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>SECTION 2.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;
</FONT>LOANS AND COMMITMENTS; REFINANCING.</B></P>



<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">As of the Restatement 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: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>Each New Lender hereby agrees, severally and not jointly and subject to the terms and conditions set forth herein and in the Amended
and Restated Credit Agreement, to make Advances from time to time to the Borrower in amounts not to exceed the amounts set forth next
to the name of such Lender on Schedule 1 to the Amended and Restated Credit Agreement; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>The Borrower shall apply the proceeds of any Advances made by the New Lenders on the Restatement Date in accordance with the funds
flow attached hereto as <U>Schedule 3</U> to repay any Borrower Obligations owing to the Existing Lenders under the Existing Credit Agreement
(other than contingent indemnification obligations not then due) in full and, upon such payment and subject to the Amendment and Restatement,
(i) the Revolving Commitments of the Existing Lenders under the Existing Credit Agreement and (ii) any other commitment of the Existing
Lenders under the Existing Credit Agreement to make Advances or other financial accommodations thereunder or in connection therewith,
shall terminate and the Trinseo Parties will have no further liability to the Existing Lenders under the Existing Credit Agreement or
any other Transaction Document (as defined in the Existing Credit Agreement) other than contingent indemnification obligations not then
due; <U>provided</U> that the Existing Credit Agreement, as modified by the Amendment and Restatement, as applicable, shall continue to
be in full force and effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>The Borrower and the Investment Manager each discharges, waives, acquits, surrenders and expressly releases the Administrative
Agent, the Collateral Agent, each Existing Lender and their respective successors, assignees, participants, agents, officers, directors,
members, affiliates, advisors, attorneys-in-fact, trustees and employees (collectively, the &ldquo;<B>Released Parties</B>&rdquo;) from
(i) all obligations to the Borrower and any other Trinseo Party (and their respective successors and assigns) under the Transaction Documents
and (ii) any and all claims, suits, demands, accounts, liabilities, obligations or causes of action of every nature and description in
any way or manner which relates, directly or indirectly, to or arises out of any Released Party&rsquo;s performance or obligations under
the Transaction Documents or the transactions relating thereto, whether known or unknown, anticipated or unanticipated, fixed or contingent,
at law or in equity, that any Trinseo Party at any time may have, or that its successors and assigns may have against the Released Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></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; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <B>SECTION</B> <B>3.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239; </FONT>SECURITY INTEREST REAFFIRMATION.</B></P>



<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>The Borrower hereby acknowledges that it expects to realize substantial direct and indirect benefits as a result of the Transactions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>The Borrower hereby acknowledges its receipt of the Amended and Restated Credit Agreement, and consents to the terms and conditions
of this Agreement, the Amended and Restated Credit Agreement and the Transactions contemplated herein and therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>The Borrower hereby (i) affirms and confirms its grant of the Security Interest under the Existing Credit Agreement, as modified
by the Amendment and Restatement and (ii) agrees that, notwithstanding the effectiveness of this Agreement, the Amended and Restated Credit
Agreement or the occurrence of the other Transactions, the Existing Credit Agreement, as modified by the Amendment and Restatement, and
the grant of the Security Interest by the Borrower and thereunder shall continue to be in full force and effect in respect of, and to
secure, the Borrower Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <B>SECTION</B> <B>4.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239; </FONT>CONDITIONS PRECEDENT TO EFFECTIVENESS.</B></P>



<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Agreement shall be effective
only upon satisfaction of the following conditions precedent:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>Receipt by the Administrative Agent of at least one fully executed copy of this Agreement, executed by the Borrower, the Investment
Manager, the Lenders, the Administrative Agent and the Collateral Agent;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>Receipt by each of the Administrative Agent and each New Lender of evidence satisfactory to it that the conditions set forth in
Section 4.2 of the Amended and Restated Credit Agreement have been satisfied; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>Receipt by the Existing Lenders of the amounts set forth on <U>Schedule 2</U> hereto, in each case being paid by wire (together
with notification to the Administrative Agent of the applicable federal funds wire reference number(s)) to, and confirmed received not
later than 1:00 p.m. (New York City time) on the Restatement Date in U.S. Dollars in immediately available funds to the account of the
Existing Lenders as specified on <U>Schedule 2</U> hereto (except for payment of fees and expenses of the Existing Lenders&rsquo; legal
counsel, which shall be remitted by the Borrower directly to such counsel, as specified in such schedule).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <B>SECTION</B> <B>5.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239; </FONT>EFFECT OF THIS AGREEMENT.</B></P>



<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>Upon the effectiveness of this Agreement, and on and after the Restatement Date each reference in the Existing Credit Agreement
to &ldquo;this Agreement&rdquo;, &ldquo;hereunder&rdquo;, &ldquo;hereof&rdquo;, &ldquo;herein&rdquo;, or words of like import, and each
reference to the Existing Credit Agreement in any other related document, including any Transaction Document, shall mean and be a reference
to the Amended and Restated Credit Agreement, as amended, restated, supplemented or modified from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>None of the Transactions, this Agreement, the Amended and Restated Credit Agreement, nor any other Transaction Document shall release,
limit or impair in any way the priority of any security interests and liens held by the Collateral Agent for the benefit of the Secured
Parties against any assets of the Borrower arising under the Amended and Restated Credit Agreement or any other Transaction Documents,
as each may be amended, restated, supplemented or modified from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>Except as expressly set forth herein, this Agreement shall not by implication or otherwise limit, impair, constitute a waiver of,
or otherwise affect the rights and remedies of the Existing Lenders, the New Lenders, the Administrative Agent or the Collateral Agent
under the Existing Credit Agreement, the Amended and Restated Credit Agreement or any other Transaction Document. Except as expressly
set forth herein, nothing herein shall be deemed to entitle the Borrower, the Investment Manager or any other Trinseo Party to a consent
to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained
in the Existing Credit Agreement, the Amended and Restated Credit Agreement or any other Transaction Document in similar or different
circumstances.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>This Agreement shall constitute a &ldquo;Transaction Document&rdquo; under the Existing Credit Agreement and the Amended and Restated
Credit Agreement for all purposes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <B>SECTION</B> <B>6.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239; </FONT>MISCELLANEOUS.</B></P>



<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Costs and Expenses</U>. The Borrower hereby agrees to pay on demand all reasonable and documented out-of-pocket costs and expenses
of the Administrative Agent and the Collateral Agent (including the reasonable and documented fees and expenses of outside counsel) in
connection with the preparation, execution and delivery of this Agreement, the Amended and Restated Credit Agreement and any other related
documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Governing Law</U>. The provisions of Sections 8.1, 8.2, 8.4, 12.7, 12.8, 12.9, 12.10, 12.11 and 12.19 of the Amended and Restated
Credit Agreement are hereby incorporated by reference herein, <I>mutatis mutandis</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Amendments</U>. This Agreement may not be modified, altered or amended, except by an agreement in writing signed by the Borrower,
the Investment Manager, the Lenders and the Administrative Agent and the Collateral Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Successors and Assigns</U>. This Agreement shall be binding upon each of the parties hereto and their respective successors
and assigns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>&#8239;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I></I></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>&#8239;</I></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 caused this Agreement to be executed by their respective duly authorized officers as of the date first above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 3.5in; text-indent: -3.5in"><B>&#8239;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><B>&#8239;</B></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><B>STYRON RECEIVABLES FUNDING DESIGNATED ACTIVITY COMPANY,</B> as
    the Borrower</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%">/s/ Peter Nugent</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name: Peter Nugent</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: Attorney</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><B>&#8239;</B></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><B>TRINSEO IRELAND GLOBAL IHB LIMITED,</B> as the Investment Manager</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">/s/ Bregje van Kessel</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name: Bregje van Kessel</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: Director</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><B>&#8239;</B></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><B>GLAS USA LLC</B>, as the Administrative Agent</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">/s/ Annette Marsula</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name: Annette Marsula</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: Vice President</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><B>&#8239;</B></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><B>GLAS AMERICAS LLC</B>, as the Collateral Agent</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">/s/ Annette Marsula</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name: Annette Marsula</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: Vice President</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 229.5pt"><B>&#8239;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Structuring Advisor and Lender Signatures on file
with Administrative Agent]</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"></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; text-align: center">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>EXHIBIT A</U></B></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">Amended and Restated 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: center">[<U>See Attached</U>]</P>

<P STYLE="margin: 0">&#8239;</P>

<P STYLE="margin: 0"></P>

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    <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="margin: 0">&#8239;</P>

<DIV STYLE="padding-right: 10pt; padding-left: 10pt; border: Black 1pt solid">

<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"><FONT STYLE="text-transform: uppercase"><B>AMENDED
AND RESTATED CREDIT AND SECURITY AGREEMENT</B></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"><FONT STYLE="text-transform: uppercase"><B>DATED
AS OF May&#8239;29, 2026</B></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"><FONT STYLE="text-transform: uppercase"><B><I>AMONG</I></B></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"><FONT STYLE="text-transform: uppercase"><B>Styron
receivables funding designated activity company, AS BORROWER,</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Trinseo
Ireland Global IHB Limited, AS THE INVESTMENT MANAGER,</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>THE
LENDERS FROM TIME TO TIME PARTY HERETO,</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>GLAS
USA LLC, AS ADMINISTRATIVE AGENT</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B><I>AND</I></B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>glas
americas llc, as collateral agent</B></FONT></P>

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</DIV>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>TABLE
OF CONTENTS</B></FONT></P>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">ARTICLE&#8239;I. THE FACILITY </TD>
    <TD STYLE="font-size: 10pt; text-align: right">2</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 0.15in; text-align: left; width: 12%; vertical-align: top">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; width: 83%">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; width: 5%">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;1.1.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">The Commitments</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">2</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;1.2.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Requesting the Advances</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">2</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;1.3.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Repayment and Optional Prepayments of the Aggregate Revolving Principal</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">3</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;1.4.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Reduction and Termination of Commitments</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">4</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;1.5.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Payment Requirements</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;1.6.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Deemed Collections</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;1.7.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Interest</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;1.8.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Benchmark Replacement Setting</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">7</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;1.9.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Designated Funding Offices</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">8</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;1.10.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Fees</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">8</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;1.11.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Access to Collections</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">8</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;1.12.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">[Reserved]</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">9</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;1.13.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Borrower Payments without Setoff or Counterclaim</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">9</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 0.15in; text-align: left; vertical-align: top">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">ARTICLE&#8239;II. PAYMENTS AND COLLECTIONS; WITHDRAWALS AND TRANSFERS; USE OF PROCEEDS </TD>
    <TD STYLE="font-size: 10pt; text-align: right">9</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 0.15in; text-align: left; vertical-align: top">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&#8239;</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;2.1.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Collections and Payments during the Revolving Period</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">9</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;2.2.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Collections and Payments during the Liquidation Period</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">11</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;2.4.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Payment Rescission</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">12</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 0.15in; text-align: left; vertical-align: top">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&#8239;</TD></TR>
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    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">ARTICLE&#8239;III. REPRESENTATIONS AND WARRANTIES </TD>
    <TD STYLE="font-size: 10pt; text-align: right">13</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 0.15in; text-align: left; vertical-align: top">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;3.1.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Representations and Warranties of the Borrower</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">13</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;3.2.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Representations and Warranties of the Investment Manager</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">17</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 0.15in; text-align: left; vertical-align: top">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">ARTICLE&#8239;IV. CONDITIONS OF CLOSING AND FUNDING </TD>
    <TD STYLE="font-size: 10pt; text-align: right">22</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 0.15in; text-align: left; vertical-align: top">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;4.1.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">[Reserved]</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">22</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;4.2.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Conditions Precedent to the Restatement Date</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">22</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;4.3.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Conditions Precedent to all Advances</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">31</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 0.15in; text-align: left; vertical-align: top">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&#8239;</TD></TR>
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    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">ARTICLE&#8239;V. COVENANTS </TD>
    <TD STYLE="font-size: 10pt; text-align: right">32</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 0.15in; text-align: left; vertical-align: top">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;5.1.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Affirmative Covenants</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">32</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;5.2.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Negative Covenants</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">41</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 0.15in; text-align: left; vertical-align: top">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">ARTICLE&#8239;VI. ADMINISTRATION AND COLLECTION </TD>
    <TD STYLE="font-size: 10pt; text-align: right">45</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 0.15in; text-align: left; vertical-align: top">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;6.1.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Investment Manager and Servicers</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">45</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;6.2.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Servicers</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">46</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;6.3.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Transaction Accounts</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">46</TD></TR>
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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in; width: 12%">Section&#8239;6.4.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 83%">Notice of Exclusive Control</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; width: 5%">47</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;6.5.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Responsibilities under Contracts</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">47</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;6.6.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Servicing Fees</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">47</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 0.15in; text-align: left; vertical-align: top">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&#8239;</TD></TR>
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    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">ARTICLE&#8239;VII. AMORTIZATION EVENTS </TD>
    <TD STYLE="font-size: 10pt; text-align: right">47</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 0.15in; text-align: left; vertical-align: top">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;7.1.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Amortization Events</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">47</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;7.2.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Remedies</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">53</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;7.3.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Application of Proceeds</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">53</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 0.15in; text-align: left; vertical-align: top">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&#8239;</TD>
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  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">ARTICLE&#8239;VIII. INDEMNIFICATION </TD>
    <TD STYLE="font-size: 10pt; text-align: right">53</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 0.15in; text-align: left; vertical-align: top">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;8.1.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Indemnities by Borrower</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">53</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;8.2.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Indemnities by the Investment Manager</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">56</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;8.3.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Increased Cost and Reduced Return</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">58</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;8.4.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Other Costs and Expenses</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">59</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;8.5.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Taxes</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">60</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 0.15in; text-align: left; vertical-align: top">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&#8239;</TD>
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  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">ARTICLE&#8239;IX. THE AGENTS </TD>
    <TD STYLE="font-size: 10pt; text-align: right">64</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 0.15in; text-align: left; vertical-align: top">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;9.1.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Appointment</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">64</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;9.2.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Delegation of Duties</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">66</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;9.3.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Exculpatory Provisions</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">66</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;9.5.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Notice of Amortization Events</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">74</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;9.6.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Non-Reliance on the Agents or Other Lender</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">74</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;9.7.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Indemnification of the Agents</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">75</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;9.8.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Each Agent in Its Individual Capacity</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">75</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;9.9.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Successor Administrative Agent</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">75</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;9.10.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">UCC Filings</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">77</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;9.11.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">[Reserved]</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">77</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 0.15in; text-align: left; vertical-align: top">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&#8239;</TD></TR>
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    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">ARTICLE&#8239;X. ASSIGNMENTS; PARTICIPATIONS </TD>
    <TD STYLE="font-size: 10pt; text-align: right">80</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 0.15in; text-align: left; vertical-align: top">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;10.1.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Assignments and Transfer of Commitments</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">80</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;10.2.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">The Register</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">81</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;10.3.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Certain Representations and Warranties; Limitations; Covenants</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">81</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;10.4.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">No Assignment to Borrower</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">82</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;10.5.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">No Assignment to Natural Persons</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">82</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;10.6.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">No Assignment to the Parent Guarantor</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">82</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;10.7.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Participations</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">83</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;10.8.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Pledge by Lenders</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">84</TD></TR>
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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">ARTICLE&#8239;XI. GRANT OF SECURITY INTEREST </TD>
    <TD STYLE="font-size: 10pt; text-align: right">84</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 0.15in; text-align: left; vertical-align: top; width: 12%">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; width: 83%">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; width: 5%">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;11.1.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Grant of Security Interest</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">84</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 0.15in; text-align: left; vertical-align: top">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">ARTICLE&#8239;XII. MISCELLANEOUS </TD>
    <TD STYLE="font-size: 10pt; text-align: right">85</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 0.15in; text-align: left; vertical-align: top">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&#8239;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;12.1.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Waivers and Amendments</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">85</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;12.2.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Notices</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">86</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;12.3.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Setoff; Ratable Payments</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">86</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;12.4.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Intended Tax Characterization</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">87</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;12.5.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Protection of Ownership and Security Interests</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">87</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;12.6.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Confidentiality</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">88</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;12.7.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">CHOICE OF LAW</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">89</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;12.8.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">CONSENT TO JURISDICTION</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">89</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;12.9.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">WAIVER OF JURY TRIAL</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">89</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;12.10.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Integration; Binding Effect; Survival of Terms</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">89</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;12.11.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Counterparts; Severability; Section References</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">90</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;12.12.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Mutual Negotiations</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">90</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;12.13.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Bankruptcy Petition</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">90</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;12.14.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">USA PATRIOT Act</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">90</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;12.15.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Divisions</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">91</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;12.16.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">No Fiduciary Duty</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">91</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;12.17.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">No Liability, Non-Petition and Limited Recourse in Favor of the Borrower</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">92</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;12.18.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Third Party Beneficiaries</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">93</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; padding-left: 0.15in">Section&#8239;12.19.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Electronic Execution</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">93</TD></TR>
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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"><FONT STYLE="text-transform: uppercase"><B>EXHIBITS
AND SCHEDULES</B></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"><U>EXHIBITS</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</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; vertical-align: top; width: 12%; text-align: left">Exhibit&#8239;I</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 88%">Definitions</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">Exhibit&#8239;II-A</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Form of Borrowing Notice</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">Exhibit&#8239;II-B</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Form of Withdrawal Request</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">Exhibit&#8239;III</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Borrower&rsquo;s Chief Executive Office, Principal Place of Business and Records Locations</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">Exhibit&#8239;IV</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Collection Accounts and Collection Banks</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">Exhibit&#8239;V</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Form of Assignment Agreement</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">Exhibit&#8239;VI</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Credit and Collection Policy</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">Exhibit&#8239;VII</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Borrower Solvency Certificate</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">Exhibit&#8239;VIII</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Form of Daily Report</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">Exhibit&#8239;IX</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; vertical-align: top; text-align: left">Exhibit&#8239;X</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Form of Monthly Report</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">Exhibit&#8239;XI</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Interim Order</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"><U>SCHEDULES</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 12%; font: 10pt Times New Roman, Times, Serif">Schedule 1</TD>
    <TD STYLE="width: 88%; font: 10pt Times New Roman, Times, Serif; text-align: left">Revolving Commitments</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Schedule 2</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Servicer Default</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Schedule 12.2</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Addresses for Notices</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; text-align: center"><FONT STYLE="text-transform: uppercase"><B>AMENDED
AND RESTATED CREDIT AND SECURITY AGREEMENT</B></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: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>THIS
AMENDED AND RESTATED CREDIT AND SECURITY AGREEMENT, </I></B></FONT>dated as of May&#8239;29, 2026, is entered into by and 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: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Styron
Receivables Funding Designated Activity Company, a company incorporated in Ireland, as borrower (the &ldquo;<B><I>Borrower</I></B>&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: 0.5in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Trinseo
Ireland Global IHB Limited, a company incorporated in Ireland, as the Investment Manager,</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Lenders (as defined below) 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: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>GLAS
USA LLC, in its capacity as administrative agent for the Lenders (in such capacity, together with its successors and assigns in such capacity,
the &ldquo;<B><I>Administrative Agent</I></B>&rdquo;), 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>GLAS
Americas LLC, in its capacity as collateral agent for the Secured Parties (in such capacity, together with its successors and assigns
in such capacity, the &ldquo;<B><I>Collateral Agent</I></B>&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: 0.5in"><B><I>Unless defined elsewhere
herein, capitalized terms used in this Agreement shall have the meanings assigned to such terms in <U>Exhibit&#8239;I</U> hereto.</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: center"><FONT STYLE="font-size: 10pt; text-transform: uppercase"><B>PRELIMINARY</B></FONT><B>
<FONT STYLE="text-transform: uppercase">STATEMENTS</FONT></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"><FONT STYLE="font-size: 10pt"><B>WHEREAS</B></FONT>,
the Borrower, the Investment Manager, certain Lenders, the Administrative Agent and the Collateral Agent entered into the Credit and Security
Agreement, dated as of July&#8239;18, 2024 (as amended, supplemented or otherwise modified from time to time, the &ldquo;<B><I>Existing
Credit Agreement</I></B>&rdquo;) pursuant to which the Lenders made certain Advances to the Borrower to finance the acquisition by the
Borrower of certain Receivables from time to time, in each case on the terms and conditions set forth in the Existing 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"><FONT STYLE="font-size: 10pt"><B>WHEREAS</B></FONT>,
the Investment Manager and certain of its Affiliates are filing Chapter 11 Cases (as defined below) in the United States Bankruptcy Court
for the Southern District of Texas (the &ldquo;<B><I>Bankruptcy Court</I></B>&rdquo;), and the Investment Manager and the Borrower have
requested that the Existing Credit Agreement be amended and restated to provide for the refinancing of the obligations under the Existing
Credit Agreement and a continuation of the revolving loan facility and the other 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; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>WHEREAS</B></FONT>,
the Lenders party hereto have agreed to (i)&#8239;make Advances on the Restatement Date, the proceeds of which will be used to refinance
the obligations under the Existing Credit Agreement and to pay related fees and expenses, (ii)&#8239;amend and restate the Existing Credit
Agreement and (iii)&#8239;make available to the Borrower a revolving loan facility during the Chapter 11 Cases for the purposes of financing
the continued acquisition by the Borrower of Receivables and for the other purposes permitted under the terms hereof, in each case on
the terms and conditions set forth 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"></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"><FONT STYLE="font-size: 10pt"><B>NOW,
THEREFORE</B></FONT>, in consideration of the above premises and the agreements hereinafter set forth, the parties hereto 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"><B>ARTICLE&#8239;I.</B></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"><FONT STYLE="text-transform: uppercase"><B>THE
FACILITY</B></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: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;1.1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>The
Commitments</U>. On the terms and subject to the conditions set forth in this Agreement, including, without limitation, the conditions
set forth in <U>Article&#8239;IV</U> and in reliance upon the representations and warranties contained herein, each of the Lenders, severally
and not jointly, agrees to make Advances to the Borrower from time to time and with respect to each Advance in the principal amount equal
to such Lender&rsquo;s Percentage of the requested Advance on the applicable Borrowing Date; <B><I>provided </I></B>that (i)&#8239;the
aggregate principal amount of any Lender&rsquo;s Advance at any one time outstanding may not exceed the lesser of (A)&#8239;the amount
of such Lender&rsquo;s Revolving Commitment and (B)&#8239;such Lender&rsquo;s Percentage of the Borrowing Base and (ii)&#8239;in no event
shall an Overadvance exist at any time prior to or after giving effect to any such Advance; <B><I>provided</I></B>, <B><I>further</I></B>,
that the Administrative Agent shall not have any duty, liability or obligation regarding the Borrowing Base, the calculation thereof or
the compliance with the previous proviso, or regarding the Daily Report delivered by the Borrower or the Investment Manager, on behalf
of the Borrower. Within the foregoing limits and subject to the terms, conditions and limitations set forth in this Agreement, the Borrower
may borrow, pay or prepay and reborrow Advances. Each Lender&rsquo;s several Revolving Commitment shall automatically terminate on the
Facility Termination Date and no new Advances shall be made after 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; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;1.2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Requesting
the Advances</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Borrower or Investment Manager, on behalf of the Borrower, may request the initial Advance to be made on the Initial Funding Date by delivering
to the Administrative Agent a written notice in the form set forth as <U>Exhibit&#8239;II-A</U> hereto (a &ldquo;<B><I>Borrowing Notice</I></B>&rdquo;)
by 10:00 a.m.&#8239;(New York City time), not less than one Business Day (or such shorter time as the Administrative Agent (acting at the
direction of the Requisite Lenders acting in their sole and absolute discretion) may agree) prior to the date of the proposed Initial
Funding Date. The initial Advance shall be subject to <U>Sections 4.2</U> and <U>4.3</U> 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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Borrowing Notice for each Advance (including the initial Advance) shall be irrevocable and (A)&#8239;certify that as of the Borrowing Date,
no Overadvance exists or will result from such Advance based on the numbers set forth in the Daily Report delivered in connection with
such Borrowing Notice, (B)&#8239;specify the amount of the requested Advance, (C)&#8239;specify the amount of Borrowing Availability after
giving <I>pro forma</I> effect to the requested Advance and (D)&#8239;specify the applicable Borrowing Date, which, in the case of the
initial Advance shall be the Initial Funding Date; <B><I>provided</I></B> that the Borrowing Notice in respect of the initial Advance
to be made on the Initial Funding Date may state that it is conditioned upon the occurrence or non-occurrence of a transaction (as set
forth therein), in which case such Borrowing Notice may be revoked by the Borrower or Investment Manager, on behalf of the Borrower, by
written notice to the Administrative Agent on or prior to the specified effective date if such condition is not 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"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>After
the initial Advance is made hereunder, if, based on any Daily Report delivered by the Borrower or Investment Manager, on behalf of the
Borrower, pursuant to the terms hereof during the Revolving Period, there is Borrowing Availability as of the applicable Borrowing Date,
the Borrower or Investment Manager, on behalf of the Borrower, may request subsequent Advances by delivering to the Administrative Agent
a Borrowing Notice by 10:00 a.m.&#8239;(New York City time) not less than three Business Days, or such shorter time as the Administrative
Agent (acting at the direction of the Requisite Lenders acting in their sole and absolute discretion) may agree, prior to the date on
which such Advance is requested to be made; <B><I>provided</I></B> that (i)&#8239;neither the Borrower nor Investment Manager, on behalf
of the Borrower, shall request any Advances after the day that is 60 days prior to the Contractual Maturity Date and (ii)&#8239;the Borrower
and Investment Manager, on behalf of the Borrower, may not request more than one Advance in any given calendar week during the Revolving
Period. All subsequent Advances shall be subject to <U>Section&#8239;4.2</U> hereof. The aggregate principal amount of each borrowing of
Advances shall not be less than $500,000 or an integral multiple of $100,000 in excess thereof (or such other amount as the Administrative
Agent (acting at the direction of the Requisite Lenders acting in their sole and absolute discretion) may agree 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Administrative Agent shall give each Lender prompt notice of the Administrative Agent&rsquo;s receipt of a Borrowing Notice and the applicable
Interest Rate determined pursuant to <U>Section&#8239;1.7</U>. Each applicable Lender shall, before 12:00 p.m.&#8239;(New York City time)
on the date of the requested Advance, make available to the Administrative Agent at its address referred to in <U>Section&#8239;12.2</U>,
in immediately available funds, such Lender&rsquo;s Percentage of the principal amount of the Advance requested. After the Administrative
Agent&rsquo;s receipt of such funds and upon fulfillment of the applicable conditions set forth in <U>Article&#8239;IV</U>, the Administrative
Agent will promptly make such funds available to the Borrower,&#8239;Investment Manager or such other Person, in each case, as directed
in the Borrowing Notice, in each case, on behalf of the Borrower, in accordance with the payment instructions set forth in the Borrowing
Notice. All payments made by any Lender under this <U>Section&#8239;1.2</U> shall be made without setoff or counterclaim of any kind.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
failure of any Lender to make the Advance required by it on the date specified shall not relieve any other Lender of its obligations to
make its Advance on such date and the proceeds of the Advances made by such other Lenders shall be disbursed as directed by the Borrower
or Investment Manager in accordance with the payment instructions set forth in the applicable Borrowing Notice, but no such other Lender
or the Administrative Agent shall be responsible for the failure of any other Lender to make its Advance (as applicable) or payment required
under this Agreement. If an Advance is not made on the proposed Borrowing Date therefor, in each case because any condition precedent
to such requested Advance herein specified has not been met, the Administrative Agent shall return any amounts received to the respective
Lenders without 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;1.3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Repayment
and Optional Prepayments of the Aggregate Revolving Principal</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>To
the extent not previously repaid, the Borrower shall repay the Aggregate Revolving Principal in full in cash on the Contractual Maturity
Date or on demand by the Administrative Agent (acting at the direction of the Requisite Lenders) upon the acceleration of the Borrower
Obligations following the occurrence of an Amortization Event.</P>

<P STYLE="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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Borrower shall have no right to prepay or repay the Aggregate Revolving Principal other than as provided in this <U>Section&#8239;1.3</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Borrower may, upon notice to the Administrative Agent, at any time or from time to time, voluntarily prepay any Advances in whole or in
part without premium or penalty; <B><I>provided</I></B> that (i)&#8239;each prepayment of the Aggregate Revolving Principal (or part thereof)
shall be in an aggregate amount not less than $500,000 or an integral multiple of $100,000 in excess thereof (or such other amount as
the Administrative Agent (acting at the direction of the Requisite Lenders acting in their sole and absolute discretion) may agree from
time to time), (ii)&#8239;such notice of prepayment must be received by the Administrative Agent by 10:00 a.m.&#8239;(New York City time)
not less than two Business Days (or such shorter time as the Administrative Agent (acting at the direction of the Requisite Lenders acting
in their sole and absolute discretion) may agree) prior to the date of such prepayment. Upon the giving of notice of such prepayment,
such principal amount or amounts specified to be prepaid shall become due and payable on the applicable date specified in such notice.
Each such notice shall specify the date and amount of such prepayment and the Advances prepaid. The Administrative Agent will promptly
notify each Lender of its receipt of each such notice, and of the amount of such Lender&rsquo;s Percentage of such prepayment. Any prepayment
of an Advance shall be accompanied by all accrued interest thereon.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>If
on any Withdrawal Date an Overadvance exists, the Borrower shall prepay the Aggregate Revolving Principal in an aggregate amount equal
to such Overadvance on such Withdrawal Date. For the purposes of any prepayments or cure of Overadvances made under this <U>Section&#8239;1.3</U>,
the Borrower shall provide written notice to the Administrative Agent and the Lenders of the amount of Aggregate Revolving Principal to
be prepaid. If an Overadvance exists on any Payment Date, available funds shall be paid to the Lenders in accordance with <U>Section&#8239;2.1</U>
or <U>2.2</U>, 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>In
the event that an Overadvance exists on any date of determination as determined by the Administrative Agent (such calculations and determinations
to be binding absent manifest error), the Borrower shall prepay the Aggregate Revolving Principal in an amount equal to such Overadvance
within two Business Days of receipt of written notice of such Overadvance from the Administrative Agent, with a copy to the Investment
Manager; <B><I>provided</I></B> that any notice received by the Borrower after 10:00 a.m.&#8239;(New York City time) shall be deemed to
be received on the following 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Borrower may also cure an Overadvance on any date by purchasing additional Eligible Receivables.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">Section&#8239;1.4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Reduction
and Termination of 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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Revolving Commitments shall terminate on the Contractual 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>At
any time the Borrower or the Investment Manager, on behalf of the Borrower, may, upon at least five Business Days&rsquo; (or such shorter
time as the Administrative Agent (acting at the direction of the Requisite Lenders acting in their sole and absolute discretion) may agree)
irrevocable written notice to the Administrative Agent (for distribution to the Lenders), terminate in whole ratably among the Lenders
in accordance with their respective Percentages, the unused portion of the Revolving Commitments and the Facility Limit; <B><I>provided</I></B>
that (x)&#8239;any such termination shall be made in conjunction with a repayment of any remaining Aggregate Revolving Principal pursuant
to <U>Section&#8239;1.3</U> and (y)&#8239;a notice of termination of the Revolving Commitments may state that such notice is conditioned
upon the effectiveness of other credit facilities, indentures or similar agreements or other transactions, in which case such notice may
be delayed until such time as such condition is satisfied or waived, or revoked if the Borrower or Investment Manager determines that
such condition will not be 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: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;1.5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Payment
Requirements</U>. The Borrower shall initiate a wire transfer to the Administrative Agent&rsquo;s Account of amounts payable by the Borrower
to the Administrative Agent or the Lenders pursuant to <U>Section&#8239;2.1</U> or <U>2.2</U> no later than 2:00 p.m.&#8239;(New York City
time) on the Payment Date when due in immediately available funds, and the Administrative Agent shall promptly forward to the Lenders
their respective shares of the funds so received. All payments received by the Administrative Agent after 2:00 p.m.&#8239;(New York City
time) on the Payment Date when due shall be deemed received on the next succeeding Business Day and any applicable interest or fee shall
continue to accrue. All computations of Interest, Unused Facility Fees and per annum Fees under the Transaction Documents shall be made
on the basis of a year consisting of 360 days for the actual number of days elapsed (or, in the case of Interest calculated by reference
to the Prime Rate, 365 days or, in the case of a leap year, 366 days). Interest shall accrue on each Advance for the day on which the
Advance is made, and shall not accrue on an Advance, or any portion thereof, for the day on which the Advance or such portion is paid;
<B><I>provided</I></B> that any Advance that is repaid on the same day on which it is made shall, subject to this <U>Section&#8239;1.5</U>,
bear interest for one 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; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;1.6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Deemed
Collections</U>. Upon the occurrence of any Dilution with respect to any Eligible Receivable included in the Borrowing Base, the Borrower
shall be deemed to have received a Deemed Collection in the amount specified in the definition of &ldquo;Deemed Collection,&rdquo; and
the Outstanding Balance of each Pool Receivable affected thereby shall be immediately reduced by the amount of such Dilution. If, after
giving effect to any Dilution (and the reduction of each such Pool Receivable affected thereby), an Overadvance shall exist, the Borrower
shall prepay the Aggregate Revolving Principal to the extent of such Overadvance in accordance with <U>Section&#8239;1.3</U> and <U>Section&#8239;2.1(b)(iv)</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: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;1.7.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Interest</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Prior
to the occurrence of an Amortization Event, the Aggregate Revolving Principal shall accrue Interest for each day at a rate <I>per annum</I>
equal to the applicable Interest Rate. Upon (i)&#8239;the occurrence and continuance of an Amortization Event and (ii)&#8239;written notice
from the Administrative Agent (acting at the direction of the Requisite Lenders) to the Borrower and Investment Manager that the Requisite
Lenders are instituting the Default Rate (<I>provided</I> that the Default Rate shall be automatically instituted, without notice from
the Administrative Agent, upon the occurrence of an Amortization Event occurring under <U>Section&#8239;7.1(i)</U>), the Aggregate Revolving
Principal shall accrue Interest for each day at a rate per annum equal to (x)&#8239;the applicable Interest Rate <U>plus</U> (y)&#8239;the
Default Rate. The Requisite Lenders may elect (in their sole discretion) for Default Interest to begin accruing as of the date of the
applicable Amortization Event or as of the date on which written notice is delivered to the Borrower and Investment Manager pursuant to
the foregoing <U>clause (ii)</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"></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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>At
least four Business Days before each Monthly Payment Date, the Administrative Agent shall calculate the aggregate amount of Interest owing
for the next Payment Date and shall notify the Borrower and Investment Manager of such aggregate amount.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Borrower shall pay to the Administrative Agent for distribution to the Lenders, in accordance with <U>Article&#8239;II</U>, their respective
Percentages of (i)&#8239;such accrued and unpaid Interest, which Interest shall be payable in cash in arrears on each Payment Date and
(ii)&#8239;Shortfall Interest, which Shortfall Interest shall be payable in cash in arrears on each Monthly Payment Date. In addition,
accrued and unpaid Shortfall Interest shall be due and payable to the Lenders if the Revolving Commitments are terminated prior to the
Contractual Maturity Date for any reason (including as a result of acceleration of the Revolving Commitments or otherwise) pursuant to
this Agreement and, for the avoidance of doubt, shall be in addition to, without limitation, any accrued and unpaid interest (other than
Shortfall Interest) due as a result thereof, but without duplication of any Shortfall 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Minimum
Interest</U>. The interest rates provided for in this Agreement are minimum interest rates. When entering into this Agreement, the parties
have assumed that the interest payable at the rates set out in this <U>Section&#8239;1.7</U> or in other Sections of this Agreement is
not and will not become subject to Swiss Withholding Tax. Notwithstanding that the parties do not anticipate that any payment of interest
will be subject to Swiss Withholding Tax, they agree that, in the event that Swiss Withholding Tax is imposed on interest payments, the
payment of interest due by the Borrower shall, in line with and subject to <U>Section&#8239;8.5</U> including any limitations therein and
any obligations thereunder, be increased to an amount which (after making any deduction of the Non-Refundable Portion (as defined below)
of the Swiss Withholding Tax) results in a payment to each Lender entitled to such payment of an amount equal to the payment which would
have been due had no deduction of the Swiss Withholding Tax been required. For this purpose, the Swiss Withholding Tax shall be calculated
on the full grossed-up interest amount. For the purposes of this Section, &ldquo;Non-Refundable Portion&rdquo; shall mean the Swiss Withholding
Tax at the standard rate (being, as at the date hereof, 35%) unless a tax ruling issued by the Swiss Federal Tax Administration confirms
that, in relation to a specific Lender based on an applicable double tax treaty, the Non-Refundable Portion is a specified lower rate,
in which case such lower rate shall be applied in relation to such Lender. The Lenders shall provide to the Borrower and the Investment
Manager all reasonably requested information, and otherwise reasonably cooperate, to obtain such Swiss tax ruling. The Borrower and the
Investment Manager shall provide to the Administrative Agent the documents required by law or applicable double taxation treaties for
the Lenders to claim a refund of any Swiss Withholding Tax so deducted.</P>

<P STYLE="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"><FONT STYLE="font-size: 10pt">Section&#8239;1.8.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Benchmark
Replacement Setting</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Benchmark
Replacement</U>. Notwithstanding anything to the contrary herein or in any other Transaction Document, if a Benchmark Transition Event
and its related Benchmark Replacement Date have occurred prior to any setting of the then-current Benchmark, then (x)&#8239;if a Benchmark
Replacement is determined in accordance with <U>clause (a)</U>&#8239;of the definition of &ldquo;Benchmark Replacement&rdquo; for such
Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Transaction
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 Transaction Document and (y)&#8239;if a Benchmark Replacement is determined in accordance
with <U>clause (b)</U>&#8239;of the definition of &ldquo;Benchmark Replacement&rdquo; for such Benchmark Replacement Date, such Benchmark
Replacement will replace such Benchmark for all purposes hereunder and under any Transaction Document in respect of any Benchmark setting
at or after 5:00 p.m.&#8239;(New York City time) on the fifth 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 Transaction Document
so long as the Administrative Agent has not received, by such time, written notice of objection to such Benchmark Replacement from the
Requisite Lenders.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Benchmark
Replacement Conforming Changes</U>. In connection with the use, administration, adoption or implementation of a Benchmark Replacement,
the Administrative Agent (acting at the direction of the Requisite Lenders) may make Conforming Changes from time to time, in consultation
with the Borrower and the Investment Manager (on behalf of the Borrower), and, notwithstanding anything to the contrary herein or in any
other Transaction Document, any amendments implementing such Conforming Changes will become effective without any further action or consent
of any other party to this Agreement or any other Transaction 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Notices;
Standards for Decisions and Determinations</U>. The Administrative Agent will promptly notify the Investment Manager, the Borrower and
the Lenders of (i)&#8239;the implementation of any Benchmark Replacement and (ii)&#8239;the effectiveness of any Conforming Changes in connection
with the use, administration, adoption or implementation of a Benchmark Replacement. The Administrative Agent will notify the Investment
Manager, Borrower and the Lenders of (x)&#8239;the removal or reinstatement of any tenor of a Benchmark pursuant to <U>paragraph (d)</U>&#8239;below
and (y)&#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) subject to the consent of the Investment Manager
(on behalf of the Borrower) pursuant to this <U>Section&#8239;1.8</U>, including any determination with respect to a tenor, rate or adjustment
or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action 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 Transaction Document, except, in each case, as expressly required pursuant to this
<U>Section&#8239;1.8</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Benchmark
Unavailability Period</U>. Upon the Investment Manager and Borrower&rsquo;s receipt of notice of the commencement of a Benchmark Unavailability
Period, the Investment Manager, on behalf of the Borrower, may (i)&#8239;revoke any pending request for an Advance to be made during any
Benchmark Unavailability Period or (ii)&#8239;request that such Advance be based on ABR.</P>

<P STYLE="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: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;1.9.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Designated
Funding Offices</U>. Each Lender at its option may make any Advance or otherwise perform its obligations hereunder through any funding
office (each, a &ldquo;<B><I>Designated Funding Office</I></B>&rdquo;); <B><I>provided</I></B> that any exercise of such option shall
not affect the obligation of the Borrower to turn over Collections in accordance with the terms of this Agreement. Any Designated Funding
Office shall be considered part of the applicable Lender; <B><I>provided</I></B> that such provisions that would be applicable with respect
to the Advances actually provided by an Affiliate or branch of such Lender shall apply to such Affiliate or branch of such Lender to the
same extent as 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;1.10.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Fees</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Restatement
Date Fees.</U> The Borrower has agreed to pay such fees, in the amounts and on the dates, as set forth in the Lender Fee Letter.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Agent
Fees</U>. The Borrower has agreed to pay to the Administrative Agent and Collateral Agent such fees in the amounts and on the dates as
set forth in the Agent Fee Letter.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Unused
Facility Fees</U>. The Borrower, has agreed to pay to each Lender, through the Administrative Agent, an &ldquo;<B><I>Unused Facility Fee</I></B>&rdquo;
for each day in an amount equal to the product of (i)&#8239;0.50% <U>multiplied by</U> (ii)&#8239;the lesser of (x)&#8239;the unfunded portion
of such Lender&rsquo;s Revolving Commitments as of the close of business on such day and (y)&#8239;30% of such Lender&rsquo;s Revolving
Commitments as of such date <U>multiplied by</U> (iii)&#8239;1/360, which Unused Facility Fee shall accrue on each day from the Restatement
Date to (but excluding) the earlier of (A)&#8239;the Contractual Maturity Date and (B)&#8239;such other date on which the Revolving Commitments
have been terminated. Accrued and unpaid Unused Facility Fees shall be due and payable in cash in arrears on each Payment Date; <B><I>provided</I></B>
that if the Contractual Maturity Date occurs or the Revolving Commitments are terminated for any reason, all accrued and unpaid Unused
Facility Fees shall be due and payable on the earlier of (A)&#8239;Contractual Maturity Date and (B)&#8239;such other date on which the
Revolving Commitments have been terminated.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">Section&#8239;1.11.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Access
to Collections</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Neither
the Borrower nor the Investment Manager shall, and the Investment Manager shall not permit any other Trinseo Party to, withdraw or otherwise
access cash in the Collection Accounts, unless pursuant to <U>Section&#8239;1.11(b)</U>&#8239;or in accordance with a payment pursuant to
the payment priority waterfalls in <U>Section&#8239;2.1</U> and <U>2.2</U> 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"></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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>At
any time after the Restatement Date, the Borrower or the Investment Manager, on behalf of the Borrower, may submit an irrevocable written
notice to the Administrative Agent, the Collateral Agent and the Lenders, in substantially the form set forth as <U>Exhibit&#8239;II-B</U>
hereto (a &ldquo;<B><I>Withdrawal Notice</I></B>&rdquo;) by 11:00 a.m.&#8239;(New York City time) on any Business Day, to access cash in
any Collection Account (each such withdrawal, a &ldquo;<B><I>Withdrawal</I></B>&rdquo;), subject to the following conditions (unless waived
by the Administrative Agent (acting at the direction of the Requisite Lenders)) (i)&#8239;such a Responsible Officer of Borrower or the
Investment Manager, on behalf of the Borrower certifies in such Withdrawal Notice (A)&#8239;that there is sufficient cash in the Collection
Accounts or Facility Accounts after giving effect to such Withdrawal to pay the Estimated Senior Cost Amount, (B)&#8239;that no Potential
Amortization Event or Amortization Event has occurred and is continuing or would result from such Withdrawal (<I>provided</I> that no
Amortization Event will be deemed to result from such Withdrawal if the Borrower immediately applies the proceeds of such Withdrawal or
other cash to cure such Potential Amortization Event or Amortization Event) and (C)&#8239;the representations and warranties set forth
in <U>Article&#8239;III</U> are true and correct in all material respects on and as of date of such Withdrawal Notice (except to the extent
that such representation and warranty is qualified by materiality or Material Adverse Effect, in which instance such representation and
warranty shall be true and correct in all respects) as though made on and as of such date, except to the extent such representations and
warranties expressly relate to an earlier date, in which case such representations and warranties shall remain true and correct in all
material respects as of such earlier date (except to the extent that such representation and warranty is qualified by materiality or Material
Adverse Effect, in which instance such representation and warranty shall be true and correct in all respects) and (ii)&#8239;a Daily Report
(as of the Business Day immediately prior to the date of the Withdrawal) is attached to such Withdrawal Notice showing no Overadvance
exists or will result from such Withdrawal before and after the applicable Withdrawal, unless the Borrower is prepaying the Aggregate
Revolving Principal in an aggregate amount equal to such Overadvance on the date of such Withdrawal. The Administrative Agent shall give
each Lender prompt notice of the Administrative Agent&rsquo;s receipt of a Withdrawal 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;1.12.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;1.13.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Borrower
Payments without Setoff or Counterclaim</U>. All payments to be made by or on behalf of the Borrower, the Investment Manager, the U.S.
Intermediate Transferor or any Originator under the Transaction Documents shall be calculated and be made without (and free and clear
of any deduction for) set-off or counterclaim.</P>

<P STYLE="font: 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>ARTICLE&#8239;II.</B></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"><FONT STYLE="text-transform: uppercase"><B>PAYMENTS
AND COLLECTIONS; WITHDRAWALS AND TRANSFERS; USE OF PROCEEDS</B></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: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;2.1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Collections
and Payments during the Revolving Period</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>On
each Business Day during the Revolving Period, all Collections shall be administered in accordance with the applicable Servicing Agreement
and Purchase and Sale Agreement and any withdrawal of cash from a Collection Account shall be in accordance with <U>Section&#8239;1.11</U>
or <U>Sections 2.1</U> or <U>2.2</U>, 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>On
each Monthly Payment Date during the Revolving Period, the Borrower shall make (or in the case of Collections held in any Collection Account,
the Borrower shall cause the applicable Servicer, on behalf of the Borrower, to make, or cause to be made), the following payments in
the following order of priority:</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><B><I>first</I></B>,
to the Administrative Agent and the Collateral Agent for each of their own account, an amount equal to the fees pursuant to the Agent
Fee Letter, and any invoiced out-of-pocket expenses, indemnities and any other amounts (if any) payable to the Administrative Agent or
the Collateral Agent under the Transaction Documents that are then due and owing;</P>

<P STYLE="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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><B><I>second</I></B><I>,
</I>to the Administrative Agent for distribution to the Lenders an amount equal to any invoiced out-of-pocket expenses (if any) and indemnities
of the Lenders under <U>Section&#8239;8.4</U>, in each case, that are then 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><B><I>third</I></B>,
to the Administrative Agent for distribution to the Lenders an amount equal to all accrued and unpaid Interest, including any Shortfall
Interest and Unused Facility Fees, in each case accrued since the previous Monthly Payment Date, plus any previously accrued Interest,
including any Shortfall Interest or Unused Facility Fees that is due and payable but remains unpaid;</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><B><I>fourth</I></B>,
to the Administrative Agent for distribution to the Lenders an amount sufficient to repay the Aggregate Revolving Principal to the extent
required to eliminate any Overadvance pursuant to <U>Section&#8239;1.3(d)</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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><B><I>fifth</I></B>,
to the Administrative Agent for distribution to the Secured Parties an amount equal to all other amounts (if any) then due and owing to
the Secured Parties by the Borrower under the Transaction 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><B><I>sixth</I></B>,
to the Corporate Administrator for its own account, an amount equal to the costs, charges and expenses incurred by it for which it is
entitled to be reimbursed under the Corporate Administration Agreement (together with any interest thereon as provided for 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(vii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><B><I>seventh</I></B>,
<I>t</I>o the Borrower for the costs and expenses of maintaining the Facility 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 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(viii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><B><I>eighth</I></B><I>,
</I>ratably<I>, </I>towards payments of fees or other remuneration (if any) payable to the Junior Noteholder,&#8239;Investment Manager,
Originators and Servicers and any costs, charges and expenses incurred by such Person for which it is entitled to be reimbursed under
this Agreement, the Junior Loan Note Documents the Purchase and Sale Agreements and Servicing Agreements, as applicable, (together with
any interest thereon as provided for 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 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ix)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><B><I>ninth</I></B><I>,
</I>towards payment of any other fees, taxes (including any annual corporation tax), and expenses incurred or payable by the Borrower
in connection with the purchase of Receivables pursuant to the Purchase and Sale Agreements or the borrowing of Advances 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(x)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><B><I>tenth</I></B>,
to pay a monthly fee of &euro;84 to the 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 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(xi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><B><I>eleventh</I></B>,
to the Junior Noteholder an amount equal to all accrued and unpaid interest accrued under the Junior Loan Note Agreement since the previous
Monthly Payment Date, plus any previously accrued interest that is due and payable under the Junior Loan Note Agreement but remains unpaid;</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(xii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><B><I>twelfth</I></B><I>,
</I>to the Junior Noteholder an amount sufficient to reduce the Junior Loan Note Obligations to $0;</P>

<P STYLE="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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(xiii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><B><I>thirteenth</I></B>,
to the Originators in respect of any Eligible Purchase Price then due and payable; 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(xiv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><B><I>fourteenth</I></B>,
to the Originators in respect of any Ineligible Purchase Price then 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>In
carrying out the foregoing payments under clause (b), amounts received shall be applied in the numerical order provided until exhausted
prior to the application to the next succeeding category</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">Section&#8239;2.2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Collections
and Payments during the Liquidation Period</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>On
each Payment Date during the Liquidation Period the Borrower shall make (or in the case of Collections held in any Collection Account,
the Borrower shall cause the applicable Servicer, on behalf of the Borrower, to make, or cause to be made) the following payments in the
following order of priority:</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><B><I>first</I></B>,
to the Administrative Agent and the Collateral Agent for each of their own account, an amount equal to the fees, and any invoiced out-of-pocket
expenses, indemnities and any other amounts (if any) payable to the Administrative Agent or the Collateral Agent that are then due and
owing under the Transaction 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><B><I>second</I></B>,
to the Administrative Agent for distribution to the Lenders an amount equal to all fees payable to the Lenders under the Transaction Documents
and any invoiced out-of-pocket expenses (if any) of the Lenders under <U>Section&#8239;8.4</U>, in each case, that are then 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><B><I>third,
</I></B>to the Administrative Agent for distribution to the Lenders an amount equal to any due and unpaid Interest, including any Shortfall
Interest and Unused Facility Fees that are due and payable but remain unpaid;</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><B><I>fourth,</I></B>
to the Administrative Agent for distribution to the Lenders an amount sufficient to reduce to $0 the Aggregate Revolving Principal;</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><B><I>fifth</I></B>,
to the Administrative Agent for distribution to the Secured Parties an amount equal to other amounts (if any) then due and owing by the
Borrower to the Secured Parties under the Transaction 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><B><I>sixth</I></B>,
to the Corporate Administrator for its own account, an amount equal to the costs, charges and expenses incurred by it for which it is
entitled to be reimbursed under the Corporate Administration Agreement (together with any interest thereon as provided for 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(vii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><B><I>seventh</I></B>,
<I>t</I>o the Borrower for the costs and expenses of maintaining the Facility 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"></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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(viii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><B><I>eighth</I></B><I>,
</I>towards payment of any other fees, taxes (including any annual corporation tax), and expenses incurred or payable by the Borrower
in connection with the purchase of Receivables pursuant to the Purchase and Sale Agreements or the borrowing of Advances 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ix)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><B><I>ninth</I></B>,
to the Junior Noteholder an amount equal to all due and unpaid interest accrued under the Junior Loan Note 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(x)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><B><I>tenth</I></B>,
to the Junior Noteholder an amount sufficient to reduce the Junior Loan Note Obligations to $0;</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(xi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><B><I>eleventh,
</I></B>ratably to pay any fees, expenses or other remuneration and indemnity payments payable to the Servicers, Junior Noteholder, Originators
or the Investment Manager in accordance with the applicable Servicing Agreement, Purchase and Sale Agreement, Junior Loan Note Documents
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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(xii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><B><I>twelfth</I></B>,
to the Originators in respect of any Eligible Purchase Price then due and payable; 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(xiii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><B><I>thirteen</I></B>,
to the Originators in respect to any Ineligible Purchase Price then due and payable<B><I>.</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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>In
carrying out the foregoing payments under clause (a), amounts received shall be applied in the numerical order provided until exhausted
prior to the application to the next succeeding category.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Parties hereto acknowledge and agree that, in the case of an Insolvency Proceeding of any Trinseo Party, all amounts on deposit in any
Collection Account as of the date of the commencement of such Insolvency Proceeding, or deposited any time thereafter, in respect of Collections
for any Purchased Receivable shall not constitute &ldquo;property of the estate&rdquo; under the Bankruptcy Code (or the equivalent concept
under any other Debtor Relief Law), and shall be held in trust to be applied to the Borrower Obligations until such time as all Borrower
Obligations have been indefeasibly paid in full in cash.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">Section&#8239;2.3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Interim
Settlement Dates</U>. On each Settlement Date (other than a Monthly Payment Date) prior to the occurrence and continuation of an Amortization
Event, the Borrower shall effect payment of amounts due and payable by the Borrower on such Settlement Date in or towards payment to the
Originator of any Junior Loan Note, Eligible Purchase Price or Ineligible Purchase Price then due and payable (which payment, for the
avoidance of doubt, may be effected by set-off against Collections that would otherwise be payable to the Borrower from the applicable
Originator or U.S. Intermediate Transferor pursuant to the applicable Purchase and Sale Agreement, U.S. Intermediate Transfer Agreement
and Servicing 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"><FONT STYLE="font-size: 10pt">Section&#8239;2.4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Payment
Rescission</U>. No payment of any of the Aggregate Revolving Principal shall be considered paid or applied hereunder to the extent that,
at any time, all or any portion of such payment or application is rescinded by application of Law or judicial authority, or must otherwise
be returned or refunded for any reason. The Borrower shall remain obligated for the amount of any payment or application so rescinded,
returned or refunded, and shall promptly pay to the Administrative Agent for distribution to the Lenders the full amount thereof together
with any Interest thereon from the date of any such rescission, return or refunding.</P>

<P STYLE="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>ARTICLE&#8239;III.</B></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"><FONT STYLE="text-transform: uppercase"><B>REPRESENTATIONS
AND WARRANTIES</B></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: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;3.1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Representations
and Warranties of the Borrower</U>. The Borrower hereby represents and warrants to the Administrative Agent, the Collateral Agent and
the Lenders as of the Restatement Date, each Interim Withdrawal Date and as of each Borrowing Date 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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Organization
and Qualification</U>. The Borrower, a private designated activity company with limited liability was incorporated under the laws of Ireland
on 29 June&#8239;2010. The Borrower is a company duly incorporated and validly existing under the laws of Ireland. The Borrower has all
necessary power and authority under its constitutional documents and is duly qualified, registered or licensed to do business as a company
incorporated under the laws of Ireland and is in good standing in all jurisdictions in which the ownership of its properties or the nature
of its activities or both makes such qualification, registration or licensing necessary, except to the extent that the failure to be so
qualified or licensed could not reasonably be expected to have 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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Authority;
No Conflict or Violation</U>. The execution and delivery by the Borrower of the Transaction Documents to which it is a party, the performance
of its obligations under this Agreement and the other Transaction Documents to which it is a party, and the consummation of the transactions
contemplated in this Agreement and the other Transaction Documents to which it is a party, (i)&#8239;are within the Borrower&rsquo;s power
and authority, (ii)&#8239;have been duly authorized by all necessary company action on the part of the Borrower and (iii)&#8239;do not and
will not (A)&#8239;require any consent or approval of its members, or any authorization, consent, approval, order, filing, registration
or qualification by or with any Governmental Authority, except those that have been obtained and are in full force and effect and except
for the filings or notices as may be necessary to perfect the Security Interest granted pursuant to this Agreement, (B)&#8239;violate any
provision of (x)&#8239;any applicable Law or of any order, writ, injunction or decree having applicability to the Borrower and in effect
on the date of such representation or (y)&#8239;the Organizational Documents of the Borrower, (C)&#8239;result in a breach of or constitute
a default under any indenture or loan or credit agreement or any other material agreement, lease or instrument to which the Borrower is
a party or by which it or its properties may be bound or affected, or (D)&#8239;result in, or require, the creation or imposition of any
Lien or other charge or encumbrance of any nature upon or with respect to any of the assets now owned or hereafter acquired by the Borrower;
except, with respect to <U>clauses (i)</U>&#8239;and <U>(iii)</U>&#8239;above, where the failure to so comply with any of the foregoing
could not reasonably be expected to have 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"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Legal
Agreements</U>. This Agreement and each of the other Transaction Documents to which the Borrower is a party have been duly authorized,
executed and delivered by the Borrower, and constitute the legal, valid and binding obligations of the Borrower, enforceable against it
in accordance with their respective terms, except to the extent that such enforcement may be limited by bankruptcy, insolvency or similar
Laws affecting the enforcement of creditors&rsquo; rights generally or by general equitable principles.</P>

<P STYLE="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"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Compliance
with Laws</U>. The Borrower has complied with all applicable Laws, the non-compliance with which could reasonably be expected to have
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"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Margin
Regulations</U>. The Borrower is not engaged in the business of extending credit for the purpose of purchasing or carrying margin stock
(within the meaning of Regulations T, U and X of the Board of Governors of the Federal Reserve System), and no part of the proceeds of
any Advance will be used to purchase or carry any margin stock or to extend credit to others for the purpose of purchasing or carrying
any margin stock.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Not
an Investment Company; Volcker Rule</U>. The Borrower (i)&#8239;is not a &ldquo;covered fund&rdquo; under the Volcker Rule&#8239;and (ii)&#8239;is
not required to register as an &ldquo;investment company&rdquo; within the meaning of the Investment Company 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"><FONT STYLE="font-size: 10pt">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Solvency</U>.
No Insolvency Event has occurred in respect of the Borrower and no Insolvency Event will occur in respect of the Borrower in consequence
of its entering into the Transaction Documents to which it is a party or purchasing Receivables under the Purchase and Sale Agreements.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Sanctions</U>.
(i)&#8239;The Borrower is not a Sanctioned Person and (ii)&#8239;the Borrower is in compliance with Anti-Corruption Laws and applicable
Sanctions.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Compliance
with Anti-Corruption Laws and Sanctions</U>. No use of proceeds of any Advance will violate any Anti-Corruption Laws or applicable Sanctions
or be used to fund any operations in, finance any investments or activities in or with, or make any payments to any Person in the Russian
Federation or the Republic of Belarus.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(j)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Places
of Business and Locations of Records</U>. The Borrower&rsquo;s principal place of business, chief executive office and the other locations
(if any) where its Records are located are at the addresses listed on <U>Exhibit&#8239;III</U>; <B><I>provided</I></B> that the Borrower
may amend the addresses on Exhibit&#8239;III hereto at any time upon 15 Business Days&rsquo; prior written notice 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"><FONT STYLE="font-size: 10pt">(k)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Names
and Identification Numbers</U>. The Borrower has not used any legal names, trade names or assumed names within the past five years, other
than the name in which it has executed this Agreement. The Borrower&rsquo;s sole jurisdiction of organization is Ireland and such jurisdiction
has not changed within four months prior to the date 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(l)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Ownership
of Borrower</U>. The entire issued share capital of the Borrower comprises 3 ordinary shares with the following registered shareholders:
(1)&#8239;one share to Registered Shareholder Services No.3 CLG (previously BADB Charitable Trust Limited), (2)&#8239;one share to Registered
Shareholder Services No.1 CLG (previously Eurydice Charitable Trust Limited) and (3)&#8239;one share to Registered Shareholder Services
No.2 CLG (previously MEDB Charitable Trust Limited (collectively, the &ldquo;<B><I>Share Trustees</I></B>&rdquo;) and each of such shares
are held by the Share Trustees on trust for charitable purposes under the terms of a declaration of trust dated July&#8239;14, 2010.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(m)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Ordinary
Course of Business</U>. Each remittance of Collections by or on behalf of the Borrower to the Lenders and the Administrative Agent under
this Agreement will have been (i)&#8239;in payment of a debt incurred by the Borrower in the ordinary course of business or financial affairs
of the Borrower and (ii)&#8239;made in the ordinary course of business or financial affairs of the 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"></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"><FONT STYLE="font-size: 10pt">(n)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Bulk
Sales Act</U>. No transaction contemplated by this Agreement requires compliance by it with any bulk sales act 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(o)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Good
Title</U>. The Borrower is the legal and beneficial owner of each Purchased Receivable, together with Collections and, to the extent set
forth in each applicable Purchase and Sale Agreement and U.S. Intermediate Transfer Agreement, the Related Security with respect thereto,
free and clear of any Lien except for Permitted 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(p)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>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 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>All
appropriate financing statements, financing statement amendments, continuation statements and other documents have been filed in the proper
filing office in the appropriate jurisdictions under the applicable Law of the Purchase and Sale Agreements in order to perfect (and continue
the perfection of) the sale of the Receivables and Related Security from each Originator to the Borrower pursuant to the applicable Purchase
and Sale Agreement (or from the U.S. Intermediate Transferor pursuant to the U.S. Intermediate Transfer Agreement, 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 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Assuming
the filing of the financing statement approved by the Borrower on or prior to the Original Closing Date and, to the extent applicable,
on the Restatement Date, and the entry into this Agreement and each other Collateral Document, the Collateral Agent shall have, for the
benefit of the Secured Parties, a valid and perfected Security Interest in the Collateral under the applicable Laws of the Collateral
Documents, free and clear of any Lien except for Permitted 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Pool Receivables constitute &ldquo;accounts&rdquo; or &ldquo;general intangibles&rdquo; within the meaning of Section&#8239;9-102 of the
UCC.</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Notwithstanding
any other provision of this Agreement or any other Transaction Document, the representation contained in this <U>Section&#8239;3.1(p)</U>&#8239;shall
be continuing and remain in full force and effect until the Final Payout 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"><FONT STYLE="font-size: 10pt">(q)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Accuracy
of Information</U>. No written information heretofore furnished by the Borrower or the Investment Manager, on behalf of the Borrower,
to the Administrative Agent or any of the Lenders for purposes of or in connection with this Agreement and the transactions contemplated
hereby, when taken as a whole, contains any material misstatement of fact or omits to state any material fact necessary to make such information
(taken as a whole) not materially misleading in light of the circumstances under which made, in each case, as of the date such information
is furnished (it being recognized by the Administrative Agent and the Lenders that (i)&#8239;any projections and forecasts provided by
the Borrower are based on good faith estimates and assumptions believed by the Trinseo Parties to be reasonable as of the date of the
applicable projections or assumptions and that actual results during the period or periods covered by any such projections and forecasts
may materially differ from projected or forecasted results and (ii)&#8239;no representation is made with respect to information of a general
economic or general industry nature).</P>

<P STYLE="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"><FONT STYLE="font-size: 10pt">(r)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Material
Adverse Effect</U>. Since the Original Closing Date, no event other than the commencement of the Chapter 11 Cases by the Investment Manager,
the Parent Guarantor and certain Originators has occurred and is continuing that could reasonably be expected to have a Material Adverse
Effect pursuant to clause (b), (c), (d)&#8239;or (e)&#8239;of such definition.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(s)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Opinions</U>.
The facts regarding the Borrower, the Receivables, the Related Security and the related matters set forth or assumed in each of the opinions
of counsel delivered in connection with this Agreement and the Transaction Documents are true and correct in all material respects.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(t)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Other
Transaction Documents</U>. Each representation and warranty made by the Borrower under each other Transaction Document to which it is
a party is true and correct in all material respects as of the date when made, subject to the qualifications set forth in such Transaction
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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(u)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Taxes</U>.
(i)&#8239;The Borrower has timely filed all federal and material state, local and foreign income and franchise and other material Tax returns,
reports and statements required to be filed with the appropriate Governmental Authorities in all jurisdictions in which such Tax returns
are required to be filed and (ii)&#8239;all Taxes reflected therein or otherwise due and payable have been paid prior to the date on which
any fine, penalty, interest, late charge or loss may be added thereto for non-payment thereof except where contested in good faith by
appropriate proceedings and as to which adequate reserves have been provided in accordance with GAAP. The Borrower is not subject to tax
on its net income or net profits (however denominated) in any jurisdiction outside of Ireland.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Tax
Status</U>. The Borrower is a qualifying company within the meaning of section 110 of the Irish Taxes Act. The Borrower is not registered
or liable to be registered (or part of any registration), and will not voluntarily become registered (or part of any registration), for
VAT in the United Kingdom. The Borrower is not, and will not be, treated as a member of any VAT Group.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(w)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Litigation
and Other Proceedings</U>. There are no actions, suits, proceedings, claims, investigations or disputes pending or, to the knowledge of
the Borrower, threatened in writing, at law, in equity, in arbitration or before any Governmental Authority, by or on behalf of any creditor
of the Parent Guarantor or its Subsidiaries or any other Person against the Parent Guarantor or its Subsidiaries, the Administrative Agent,
the Collateral Agent or any Lender that, either individually or in the aggregate, would reasonably be expected to (i)&#8239;materially
and adversely affect (A)&#8239;the validity or enforceability of this Agreement or any other Transaction Document, (B)&#8239;subject to
the entry of the Interim Order, and when applicable, the Final Order, the consummation of any of the transactions contemplated by this
Agreement or any other Transaction Document, or (C)&#8239;subject to the entry of the Interim Order, and when applicable, the Final Order,
the performance by a Trinseo Party of its obligations under this Agreement or any other Transaction Document or (ii)&#8239;result in the
Borrower and its assigns (including the Collateral Agent) failing to have a valid and perfected first priority Security Interest under
the applicable Laws of the United States of America or any applicable state or territory thereof, in the Purchased Receivables and the
Related Security or Collections with respect thereto, free and clear of any Adverse Claim other than Permitted 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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(x)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Non-consolidation</U>.
The Borrower is operated in such a manner that the separate legal existence of the Borrower, on the one hand, and the Parent Guarantor
and its Subsidiaries, on the other hand, would not be disregarded in the event of the bankruptcy, insolvency reorganization, or other
similar laws relating to or limiting creditors&rsquo; rights generally of the Parent Guarantor or any of its Subsidiaries and, without
limiting the generality of the foregoing, in accordance with (and at all times will comply with) the terms of its Organizational Documents.
Since its formation, the Borrower has not used any company name, tradename or doing-business-as name other than the name in which it has
executed 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(y)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Amortization
Events</U>. No event has occurred and is continuing that constitutes an Amortization Event or a Potential Amortization Event (other than
any Amortization Event arising from the commencement of the Chapter 11 Cases that is expressly carved out pursuant to <U>Section&#8239;7.1</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(z)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>No
Other Liens</U>. On the Restatement Date and on each Borrowing Date, none of the properties and assets including the Pool Receivables
(and other Collateral) of the Borrower are subject to any Liens (other than Permitted Liens) not permitted 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(aa)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Ventures
and Subsidiaries; Outstanding Debt</U>. The Borrower has no Subsidiaries and is not engaged in any joint venture or partnership with any
other Person. Other than the Indebtedness arising under this Agreement and the other Transaction Documents and Indebtedness permitted
under <U>Section&#8239;5.2(f)</U>, the Borrower has no outstanding 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(bb)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Bank
Accounts</U>. The Facility Accounts are the only bank accounts maintained by the Borrower. Each Facility Account is free and clear of
any Adverse Claim other than Permitted Liens. The Collateral Agent will have a first priority perfected security interest in each Facility
Account and all Collateral on deposit therein upon execution and delivery of a Control 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"><FONT STYLE="font-size: 10pt">Section&#8239;3.2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Representations
and Warranties of the Investment Manager</U>. The Investment Manager hereby represents and warrants to the Administrative Agent and the
Lenders as of the Restatement Date, each Interim Withdrawal Date and as of each Borrowing Date 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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Organization
and Qualification</U>. The Investment Manager is a company duly incorporated and validly existing under the laws of Ireland and the Investment
Manager has obtained all necessary licenses, approvals and registrations in all jurisdictions in which the conduct of its business (including
in its capacity as the Investment Manager hereunder) requires such qualification, licenses, approvals or registrations, except to the
extent that any such failure could not reasonably be expected to have 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"></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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Authority;
No Conflict or Violation</U>. Subject to entry of the Interim Order, and when applicable, the Final Order, the execution and delivery
by the Investment Manager of the Transaction Documents to which it is a party, the performance of its obligations under this Agreement
and the other Transaction Documents to which it is a party, and the consummation of the transactions contemplated in this Agreement and
the other Transaction Documents to which it is a party, have been duly authorized by all necessary corporate action on the part of the
Investment Manager and do not and will not (A)&#8239;require any consent or approval of its Board of Directors or equivalent governing
body, or any authorization, consent, approval, order, filing, registration or qualification by or with any Governmental Authority, except
those that have been obtained and are in full force and effect, (B)&#8239;violate any provision of (x)&#8239;any applicable Law or of any
order, writ, injunction or decree having applicability to the Investment Manager as of the date of the representation or (y)&#8239;the
Organizational Documents of the Investment Manager, (C)&#8239;result in a breach of or constitute a default under (x)&#8239;any Material
Indebtedness (other than with respect to Material Indebtedness incurred prior to the Filing Date) to which the Investment Manager is a
party or by which it or its properties may be bound or affected (other than any default or breach arising as a result of the commencement
of the Chapter 11 Cases or any stay or injunction imposed thereby) or (y)&#8239;any other material agreement, lease or instrument to which
the Investment Manager is a party or by which it or its properties may be bound or affected (other than any default or breach arising
as a result of the commencement of the Chapter 11 Cases or any stay or injunction imposed thereby), or (D)&#8239;other than with respect
to any Lien or other charge or encumbrance imposed upon the entry of the Facility Orders, result in, or require, the creation or imposition
of any Lien or other charge or encumbrance of any nature upon or with respect to any of the assets now owned or hereafter acquired by
the Borrower except, with respect to <U>clauses (A)</U>, <U>(B)(x)</U>, <U>(C)(y)</U>&#8239;and <U>(D)</U>&#8239;above, where the failure
to so comply with any of the foregoing could not reasonably be expected to have 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"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Legal
Agreements</U>. This Agreement and each of the other Transaction Documents to which the Investment Manager is a party have been duly authorized,
executed and delivered by the Investment Manager, and, subject to entry of the Interim Order and, when applicable, the Final Order, constitute
the legal, valid and binding obligations of the Investment Manager, enforceable against it in accordance with their respective 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>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 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>No
Monthly Report or other written information furnished by the Investment Manager to the Administrative Agent and any Lender for purposes
of or in connection with this Agreement and the transactions contemplated hereby, when taken as a whole, contains any material misstatement
of fact or omits to state any material fact necessary to make such information (taken as a whole) not materially misleading in light of
the circumstances under which made, in each case, as of the date such information is furnished (it being recognized by the Administrative
Agent and the Lenders that (i)&#8239;any projections and forecasts provided by the Investment Manager are based on good faith estimates
and assumptions believed by the Investment Manager to be reasonable as of the date of the applicable projections or assumptions and that
actual results during the period or periods covered by any such projections and forecasts may materially differ from projected or forecasted
results and (ii)&#8239;no representation is made with respect to information of a general economic or general industry nature).</P>

<P STYLE="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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>All
such written information heretofore furnished by the Investment Manager to the Administrative Agent or any of the Lenders which pertains
to the Pool Receivables was prepared in accordance with, and reflects practices and procedures that comply in all material respects with,
the applicable Credit and Collection Policy, and there has been no change in the Credit and Collection Policy or application thereof since
the date any such information was so furnished (other than any changes thereto expressly permitted 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Compliance
with Laws</U>. The Investment Manager (i)&#8239;shall duly satisfy all obligations on its part to be fulfilled under or in connection with
the Pool Receivables and the related Contracts and (ii)&#8239;has complied with all applicable Laws the non-compliance with which could
reasonably be expected to have 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"><FONT STYLE="font-size: 10pt">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Other
Transaction Documents</U>. Each representation and warranty made by the Investment Manager under each other Transaction Document to which
it is a party is true and correct in all material respects as of the date when made, subject to the qualifications set forth in such Transaction
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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Servicing
Programs</U>. No license or approval is required for the Administrative Agent&rsquo;s, the Collateral Agent&rsquo;s, or any Servicer&rsquo;s
use of any software or other computer program used by any Servicer, the Investment Manager, any Originator or the U.S. Intermediate Transferor
in the servicing of the Pool Receivables, other than those which have been obtained and are in full force and 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"><FONT STYLE="font-size: 10pt">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Servicing
of Receivables</U>. Since May&#8239;13, 2026, there has been no material adverse change in the ability of each Servicer to service the
Receivables and the Related Security.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Material
Adverse Effect</U>. Since the Original Closing Date, there has been no Material Adverse Effect (other than with respect to <U>clause (a)</U>&#8239;of
the definition thereof) other than the commencement of the Chapter 11 Cases.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(j)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Litigation
and Other Proceedings</U>. Upon the entry of the Interim Order, and, when applicable, the Final Order, there are no actions, suits, proceedings,
claims, investigations or disputes pending or, to the knowledge of the Investment Manager, threatened in writing, at law, in equity, in
arbitration or before any Governmental Authority, by or on behalf of any creditor of the Parent Guarantor or its Subsidiaries or any other
Person against the Parent Guarantor or its Subsidiaries, the Administrative Agent, Collateral Agent or any Lender that, either individually
or in the aggregate, would reasonably be expected to materially and adversely affect (A)&#8239;the validity or enforceability of this Agreement
or any other Transaction Document, (B)&#8239;the consummation of any of the transactions contemplated by this Agreement or any other Transaction
Document, or (C)&#8239;the performance by a Trinseo Party of its obligations under this Agreement or any other Transaction 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(k)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Taxes</U>.
(i)&#8239;The Investment Manager has timely filed all income and other material state, local and foreign income and franchise and other
material Tax returns, reports and statements required to be filed with the appropriate Governmental Authorities in all jurisdictions in
which such Tax returns are required to be filed and (ii)&#8239;all Taxes, charges and other impositions reflected therein or otherwise
due and payable have been paid prior to the date on which any fine, penalty, interest, late charge or loss may be added thereto for non-payment
thereof except where contested in good faith by appropriate proceedings and as to which adequate reserves have been provided in accordance
with 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"></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"><FONT STYLE="font-size: 10pt">(l)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Adverse
Selection</U>. No selection procedures were used to allocate Eligible Receivables to the Borrower that would result in such Eligible Receivables
being less desirable or valuable, taken as a whole, than other comparable Receivables originated by the Originators (or sold by the U.S.
Intermediate Transferor to the Borrower); <B><I>provided</I></B> that selection procedures that address different eligibility criteria
and other similar terms relative to other credit facilities or receivables sale arrangements shall not be deemed to violate this clause
(n).</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(m)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Anti-Corruption
Laws and Applicable Sanctions.</U> Each of the Parent Guarantor and its Subsidiaries has implemented and maintains in effect policies
and procedures designed to ensure compliance by the Parent Guarantor, its Subsidiaries and their respective directors, officers, employees
and agents, with Anti-Corruption Laws and applicable Sanctions, and each of the Parent Guarantor, its Subsidiaries and their respective
officers and directors and, to the knowledge of the Investment Manager, their respective employees and agents, are in compliance with
Anti-Corruption Laws and applicable Sanctions and are not engaged in any activity that would reasonably be expected to result in the Investment
Manager, the Parent Guarantor or any of its Subsidiaries as being designated as a Sanctioned Person. None of the Investment Manager, the
Parent Guarantor or any of its Subsidiaries, or to the knowledge of the Investment Manager, any of their respective directors, officers,
employees or agents, is a Sanctioned 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(n)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Accounting
Methodology</U>. Since the Restatement Date, neither the Investment Manager nor any Originator or Servicer has, without the prior written
consent of the Administrative Agent (acting at the direction of the Requisite Lenders), modified its accounting policies or methodology
or financial reporting practices, in each case, with respect to determining the Dilution of any Pool Receivable for purposes of the Transaction
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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(o)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Financial
Information</U>. All balance sheets, all statements of income and of cash flow and all other financial information of the Parent Guarantor
and its consolidated Subsidiaries (other than projections) furnished to the Administrative Agent or any of the Lenders and described in
<U>Section&#8239;5.1</U> have been or will be prepared in accordance with GAAP and do or will present fairly in all material respects the
financial condition and results of operations of the Parent Guarantor and its consolidated Subsidiaries, as applicable, as at such dates
and for such periods in accordance with GAAP, subject, in the case of unaudited financial statements, to changes resulting from normal
year-end audit adjustments and the absence of footnotes.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(p)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Opinions</U>.
The facts regarding the Trinseo Parties, the Receivables, the Related Security and the related matters set forth or assumed in each of
the opinions of counsel delivered in connection with this Agreement and the Transaction Documents are true and correct in all material
respects.</P>

<P STYLE="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"><FONT STYLE="font-size: 10pt">(q)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>The
Collection Accounts</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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Nature
of U.S. Collection Accounts</U>. Each of the U.S. Collection Accounts constitutes a &ldquo;deposit account&rdquo; within the meaning of
the applicable UCC.</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Ownership</U>.
Each of the Collection Accounts is in in the name of the applicable Originator as set forth on <U>Exhibit&#8239;IV</U> hereto, and each
Originator owns and has good and marketable title to each such Collection Account free and clear of any Adverse Claim other than Permitted
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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Control
Agreement</U>. Each Collection Account shall be subject to a Control Agreement pursuant to which each applicable Collection Bank may be
directed, following an Amortization Event, to comply with the instructions originated by the Collateral Agent directing the disposition
of funds in such Collection Account without further consent by the Borrower, the Investment Manager, the U.S. Intermediate Transferor,
any Servicer, any Originator or any other Person. The Originators have not granted any Person (other than the Originators, Servicers,
Collateral Agent, the Investment Manager and their respective assigns) access to or control of any Collection Account, or the right to
take dominion and control of any such Collection Account at a future time or upon the occurrence of a future event. To the extent that
funds other than Collections are deposited into any Collection Account, the Borrower or applicable Servicer can promptly trace and identify
which funds constitute Collections.</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Collections</U>.
The Obligors have been directed to make payments on the Purchased Receivables directly to a Collection Account, (ii)&#8239;the conditions
and requirements set forth in <U>Sections 5.1(y)</U>, and <U>6.2</U> have at all times been satisfied in all material respects and duly
performed in all material respects by the Borrower, Servicers or the Investment Manager, as applicable, and (iii)&#8239;<U>Exhibit&#8239;IV</U>
hereto sets forth the names and addresses of all Collection Banks, together with the account numbers of the Collection Accounts and Facility
Accounts, and such information is 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 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Instructions</U>.
None of the Borrower, the Investment Manager, the U.S. Intermediate Transferor, Servicers or the Originators has consented to the applicable
Collection Bank complying with instructions from any Person other than the Originators, Servicers,&#8239;Investment Manager and Collateral
Agent in respect of any Collection 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 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Eligible
Bank</U>. Each Collection Account shall be held at an Eligible 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(r)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Compliance
with the Swiss Non-Bank Rules</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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Each
Swiss Originator is in compliance with the Swiss Non-Bank Rules; provided, however, that a Swiss Originator shall not be in breach of
this representation if the permitted number of Swiss Non-Qualifying Lenders is exceeded solely by reason 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: 2in"></TD><TD STYLE="width: 0.5in">(1)</TD><TD STYLE="text-align: justify">a failure by one or more Lenders or Participants to comply with their obligations under <U>Section&#8239;10.1</U>;
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: 2in"></TD><TD STYLE="width: 0.5in">(2)</TD><TD STYLE="text-align: justify">a confirmation made by one or more Lenders or Participants to be one single Swiss Non-Qualifying Lender
is incorrect; 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: 2in"></TD><TD STYLE="width: 0.5in">(3)</TD><TD STYLE="text-align: justify">one or more Lenders or Participants ceasing to be a Swiss Qualifying Lender (to the extent such Lender
or Participant is confirmed to be a Swiss Qualifying Lender) as a result of any reason attributable to such Lender or Participant; 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: 2in"></TD><TD STYLE="width: 0.5in">(4)</TD><TD STYLE="text-align: justify">an assignment or participation under this Agreement to a Swiss Non-Qualifying Lender after the occurrence
of an Amortization Event.</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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>For
the purposes of this <U>Section&#8239;3.2(r)</U>, the Investment Manager shall assume that the aggregate number of Lenders or Participants
under this Agreement which are Swiss Non-Qualifying Lenders is ten.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(s)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Effectiveness
of Orders</U>. The Interim Order or Final Order, as applicable, and the Eligible DIP Order are each in full force and effect and have
not been vacated, reversed, stayed, modified or amended (other than any modification or amendment approved in writing by each of the Administrative
Agent and each 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(t)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Compliance
with Orders</U>. The Investment Manager and each other Debtor is in compliance in all material respects with the Facility Orders and the
Eligible DIP Order, in each case to the extent applicable to 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; text-align: center"><B>ARTICLE&#8239;IV.</B></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"><FONT STYLE="text-transform: uppercase"><B>CONDITIONS
OF CLOSING AND FUNDING</B></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: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;4.1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;4.2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Conditions
Precedent to the Restatement Date</U>. The effectiveness of the Restatement Date is subject to the satisfaction (or waiver) of the following
conditions precedent, except as otherwise agreed between the Borrower and the Lenders:</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Credit
Agreement</U>. The Administrative Agent shall have received on or before the Restatement Date a copy of this Agreement, duly executed
by the Borrower, the Investment Manager, the Administrative Agent, the Collateral Agent and the Lenders;</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Other
Transaction Documents</U>. The Administrative Agent shall have received on or before the Restatement Date copies of the following documents,
duly executed by the parties thereto, in each case in form and substance 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 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Amendment and Restatement 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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    <!-- 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 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Each
Purchase and Sale 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
U.S. Intermediate Transfer 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Each
Servicing 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Lender Fee Letter;</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Agent Fee Letter;</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(vii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Parent Guaranty;</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(viii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Borrower Power of Attorney;</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ix)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Corporate Services 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(x)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
U.S. Intermediate Transferor Receivables Power of Attorney;</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(xi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Each
Control 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(xii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The Swiss Security Amendment and Restatement 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(xiii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
German Security Amendment 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(xiv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Junior Loan Note Agreement and all other Junior Loan Note 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Legal
Opinions</U>. Counsel for the Investment Manager, the Parent Guarantor, the Borrower, the U.S. Intermediate Transferor, Servicers and
the Originators will deliver the following legal opinions, as applicable, and under applicable Laws, in each case, dated as of the Restatement
Date and addressed to the Administrative Agent, Collateral Agent and the Lenders, in form and substance reasonably satisfactory to the
Administrative Agent and the Lenders:</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>A
legal opinion from Latham&#8239;&amp; Watkins LLP:</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: 2in"></TD><TD STYLE="width: 0.5in">(1)</TD><TD STYLE="text-align: justify">as to (i)&#8239;the enforceability of the applicable U.S. Transaction Documents and the Dutch Purchase
and Sale Agreement (New York Law) and Liens granted by the U.S. Intermediate Transferor and the U.S. Originators in respect of the applicable
U.S. Transaction Documents and the Dutch Purchase and Sale Agreement (New York Law), (ii)&#8239;no conflicts with the DIP Credit Agreement
and (iii)&#8239;such other customary opinions under New York law and the federal laws of the United States of America; and</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: 2in"></TD><TD STYLE="width: 0.5in">(2)</TD><TD STYLE="text-align: justify">a Delaware limited liability company opinion (including corporate authority, execution and delivery) and
perfection opinion as to the U.S. Intermediate Transferor, Trinseo LLC and Altuglas LLC under the applicable U.S. Transaction Documents.</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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>A
Kentucky limited liability company opinion from Stites&#8239;&amp; Harbison PLLC (including corporate authority, execution and delivery),
and perfection as to Aristech Surfaces LLC addressed to the Administrative Agent and Lenders.</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>A
Luxembourg legal opinion from Loyens&#8239;&amp; Loeff Luxembourg S.&agrave; r.l. regarding the corporate authority of the Parent Guarantor
and the execution by the Parent Guarantor of the Parent Guaranty.</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>A
German legal opinion from Latham&#8239;&amp; Watkins LLP regarding the capacity of the German Originator to enter into the German Security
Amendment 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>A
German legal opinion from Orrick, Herrington&#8239;&amp; Sutcliffe LLP regarding (i)&#8239;true sale aspects and (ii)&#8239;the enforceability
of the German Security Amendment 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>An
Irish legal opinion from McCann FitzGerald LLP regarding the corporate authority of the Investment Manager and the Borrower and the execution
by the Investment Manager and the Borrower to execute the applicable Transaction 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(vii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>An
Irish legal opinion from McCann FitzGerald LLP regarding certain Irish taxation matters relating to certain of the Transaction 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(viii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>A
Swiss legal opinion from Homburger AG regarding (i)&#8239;true sale under the Swiss Purchase and Sale Agreement and (ii)&#8239;the capacity,
corporate authority and due execution of each Swiss Originator relating to the applicable Transaction Documents to which it is a party
and the enforceability of the Swiss Purchase and Sale Agreement and the Swiss Security Assignment 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ix)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>A
Dutch law legal opinion from Loyens&#8239;&amp; Loeff (including corporate authority, execution, enforceability of relevant Transaction
Documents) as to the Dutch Originator.</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(x)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Tax
ruling by the Swiss Federal Tax Administration in form and substance satisfactory to the Lenders.</P>

<P STYLE="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"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>U.S.
Originator Corporate Deliverables and UCC Filings</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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>A
certificate of the secretary or other responsible officer of each U.S. Originator, dated as of the Restatement Date, and certifying (a)&#8239;that
attached thereto is a true and complete copy of the organizational documents (including all amendments or other modifications thereto)
of each such U.S. Originator, as in effect on the Restatement Date, (b)&#8239;that attached thereto is a true and complete copy of the
resolutions of the board of directors (or committee thereof), directors, managers or members, as the case may be, of each such U.S. Originator
authorizing the execution, delivery and performance of the U.S. Transaction Documents to which it is a party and the transactions contemplated
thereby, and that such resolutions have not been amended, modified, revoked or rescinded and are in full force and effect, and (c)&#8239;the
specimen signature of each officer executing the U.S. Transaction Documents to which it is a party or any other document delivered in
connection therewith on behalf of each such U.S. Originator (on which certificates the U.S. Intermediate Transferor and the Borrower may
conclusively rely until such time as the U.S. Intermediate Transferor and the Borrower shall receive from a U.S. Originator a revised
certificate with respect to such U.S. Originator meeting the requirements of 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 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Copies
of the latest versions of the organizational documents of each U.S. Originator certified as of a recent date by the appropriate authority
of the jurisdiction of each such U.S. Originator to be a true and up to date copy of the original, attached as a schedule to the certificate
provided under paragraph (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 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Certificates
of good standing (if applicable), dated as of a recent date, from the Secretary of State or other appropriate authority of each U.S. Originator&rsquo;s
jurisdiction of organization, attached as a schedule to the certificate provided under paragraph (i)&#8239;above; 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Copies
of a proper financing statement, filed and recorded at each U.S. Originator&rsquo;s expense, naming the relevant U.S. Originator as the
seller and the U.S. Intermediate Transferor as the purchaser or assignee of the U.S. Purchased Receivables, in proper form for filing
in the appropriate jurisdictions to perfect the U.S. Intermediate Transferor&rsquo;s ownership interest in such U.S. Purchased Receivables
under the UCC.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>U.S.
Intermediate Transferor Corporate Deliverables</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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>A
certificate of the secretary or other responsible officer of the U.S. Intermediate Transferor, dated as of the Restatement Date, and certifying
(a)&#8239;that attached thereto is a true and complete copy of the organizational documents (including all amendments or other modifications
thereto) of the U.S. Intermediate Transferor, as in effect on the Restatement Date, (b)&#8239;that attached thereto is a true and complete
copy of the resolutions of the board of directors (or committee thereof), directors, managers or members, as the case may be, of the U.S.
Intermediate Transferor authorizing the execution, delivery and performance of the U.S. Transaction Documents to which it is a party and
the transactions contemplated hereby and thereby, and that such resolutions have not been amended, modified, revoked or rescinded and
are in full force and effect, and (c)&#8239;the specimen signature of each officer executing the U.S. Transaction Documents to which it
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"></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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Copies
of the latest versions of the organizational documents of the U.S. Intermediate Transferor certified as of a recent date by the appropriate
authority of the jurisdiction of the U.S. Intermediate Transferor to be a true and up to date copy of the original, attached as a schedule
to the certificate provided under paragraph (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 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Certificates
of good standing (if applicable), dated as of a recent date, from the Secretary of State or other appropriate authority of the U.S. Intermediate
Transferor&rsquo;s jurisdiction of organization, attached as a schedule to the certificate provided under paragraph (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 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>A
Solvency Certificate in respect of the U.S. Intermediate Transferor in form and substance satisfactory to the Lenders, dated as of the
Restatement 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Copies
of a proper financing statement, filed and recorded at each U.S. Originator&rsquo;s expense, naming the U.S. Intermediate Transferor as
the seller and the Borrower as the purchaser of the U.S. Purchased Receivables, in proper form for filing in the appropriate jurisdiction
to perfect the Borrower&rsquo;s ownership interest in such U.S. Purchased Receivables under the UCC.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Parent
Guarantor Corporate Deliverables</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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Copies
of the latest versions of the constitutional documents of the Parent Guarantor certified by the Parent Guarantor to be a true and up to
date copy of the original;</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Copies
of the resolutions, in form and substance satisfactory to the Lenders, of the board of managers of the Parent authorizing the execution,
delivery and performance of the Parent Guaranty, certified by a manager of the Parent Guarantor as of the Restatement Date which certificate
shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded;</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Delivery
of a closing certificate dated as of the Restatement Date from the Parent Guarantor including a certificate as to the incumbency and signature
of the managers or other attorneys authorized to sign the Parent Guaranty on behalf of the Parent Guarantor, certified by any manager
of the Parent Guarantor;</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Up
to date excerpt of the Luxembourg Register of Commerce and Companies in respect of the Parent Guarantor dated no earlier than five (5)&#8239;calendar
days prior to the Restatement Date; 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Up
to date excerpt of the non-registration certificate (<I>certificat de non-inscription d'une d&eacute;cision judiciaire ou de dissolution
administrative sans liquidation</I>) from the Luxembourg Insolvency Register (<I>Registre de l'Insolvabilit&eacute;, Luxembourg</I>) (REGINSOL)
held and maintained by the Luxembourg Register of Commerce and Companies in respect of the Parent Guarantor dated no earlier than five
(5)&#8239;calendar days prior to the Restatement 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"><FONT STYLE="font-size: 10pt">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Dutch
Originator Corporate Deliverables</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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Copies
of the latest versions of the constitutional documents of the Dutch Originator certified by the Dutch Originator to be a true and up to
date copy of the original;</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Copies
of the resolutions, in form and substance satisfactory to the Administrative Agent, authorizing the execution, delivery and performance
of the Dutch Transaction Documents that that the Dutch Originator is a party to, certified by an officer of the Dutch Originator as not
having been amended, modified, revoked or rescinded on the Restatement 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Delivery
of a closing certificate dated as of the Restatement Date from the Dutch Originator including a certificate as to the incumbency and signature
of the officers or other employees authorized to sign the Dutch Transaction Documents on behalf of the Dutch Originator and any certificate
or other document to be delivered pursuant thereto, certified by the company secretary or a manager of the Dutch Originator together with
evidence of the incumbency of such company secretary or director;</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>An
electronic excerpt of the commercial register in respect of the Dutch Originator dated no earlier than five (5)&#8239;calendar days prior
to the Restatement Date; 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>A
Solvency Certificate in respect of the Dutch Originator in form and substance satisfactory to the Lenders, dated as of the Restatement
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"><FONT STYLE="font-size: 10pt">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Swiss
Corporate Deliverables</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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Copies
of the latest versions of the articles of association of each Swiss Originator certified by the Commercial Register to be a true and up
to date copy of the original;</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Copies
of the resolutions, in form and substance satisfactory to the Lenders, of (y)&#8239;the board of directors or the managing officers, as
applicable of each Swiss Originator (i)&#8239;approving the terms of, and the transactions contemplated by, the Transaction Documents to
which such Swiss Obligor is a party, (ii)&#8239;authorizing the execution, delivery and performance of the Swiss Transaction Documents
to which such Swiss Originator is party and (iii)&#8239;authorizing a specified person or persons to execute the Transaction Documents
and to sign and/or dispatch all documents and notices to be signed and/or dispatched by such Swiss Originator under or in connection with
the Transaction Documents to which it is a party on its behalf and (z)&#8239;of the shareholders or quotaholders, as applicable, of each
Swiss Originator (i)&#8239;approving the terms of, and the transactions contemplated by, the Transaction Documents to which such Swiss
Obligor is a party and (ii)&#8239;authorizing the execution, delivery and performance of the Transaction Documents to which such Swiss
Originator is 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"></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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Delivery
of a closing certificate dated as of the Restatement Date from each Swiss Originator (i)&#8239;certifying that the resolutions pursuant
to <U>Section&#8239;4.1(h)(ii)</U>&#8239;above have not been amended, modified, revoked or rescinded, (ii)&#8239;including a certificate
as to the incumbency and signature of the directors or managing officers, as applicable, or other attorneys authorized to sign the Swiss
Transaction Documents to which such Swiss Originator is a party on behalf of such Swiss Originator and (iii)&#8239;including any certificate
or other document to be delivered pursuant thereto, certified by any director or managing officer, as applicable of such Swiss Originator
together with evidence of the incumbency of such director or managing officer, 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 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>A
copy of an up to date Commercial Register excerpt in respect of each Swiss Originator dated no earlier than ten (10)&#8239;Business Days
prior to the Restatement Date; 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>A
Solvency Certificates in respect of each of the Swiss Originator in form and substance satisfactory to the Lenders, dated as of the Restatement
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"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>German Originator Corporate Deliverables</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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
 &#8239;&#8239;&#8239;&#8239;</FONT>Copies of the latest versions of the constitutional documents of the German Originator, including
the commercial register excerpt (<I>Handelsregisterauszug</I>) not earlier than five (5)&#8239;calendar days prior to the Restatement
Date, the articles of association and a copy of the shareholders&rsquo; list (<I>Gesellschafterliste</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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Copies
of the resolutions, in form and substance satisfactory to the Lenders, of the shareholders of the German Originator authorizing the execution,
delivery and performance of the German Security Amendment Agreement to which the German Originator is a party, certified by a managing
director of the German Originator as of the Restatement Date which certificate shall state that the resolutions thereby certified have
not been amended, modified, revoked or rescinded; 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Delivery
of a closing certificate dated as of the Restatement Date from the German Originator including the constitutional documents of the German
Originator and specimen signatures of the officers or other employees authorized to sign the German Security Amendment Agreement on behalf
of the German Originator and certifying that each copy document relating to it specified in this paragraph (i)&#8239;(German Originator
Corporate Deliverables) and attached to the certificate is correct, complete and in full force and effect and has not been amended or
superseded as at the date no earlier than the certificate.</P>

<P STYLE="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"><FONT STYLE="font-size: 10pt">(j)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Borrower
Corporate Deliverables</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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Copies
of the latest versions of the constitutional documents of the Borrower certified by the Borrower to be a true and up to date copy of the
original;</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Delivery
of a closing certificate dated as of the Restatement Date from the Borrower with the other conditions precedent to be delivered scheduled
thereto, certified by the company secretary or an officer of the 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 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Copies
of the resolutions, in form and substance satisfactory to the Lenders, of the board of directors of the Borrower authorizing the execution,
delivery and performance of this Agreement and the Transaction Documents to which it is a party, certified by an officer of the Borrower
as of the Restatement Date which certificate shall state that the resolutions thereby certified have not been amended, modified, revoked
or rescinded;</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>A
certified copy of the power of attorney granted by the Borrower to the attorneys of the Borrower authorized to sign this Agreement and
the Transaction Documents on behalf of the Borrower; 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Written
search reports, listing all effective financing statements that name the Borrower as debtor or assignor and that are filed in the jurisdictions
which filings were made pursuant to <U>Section&#8239;4.2(e)(v)</U>&#8239;and in any other jurisdictions that the Collateral Agent (acting
at the direction of the Requisite Lenders) reasonably determines are necessary or appropriate, together with copies of such financing
statements, and tax and judgment lien searches of the Borrower showing no such Liens exist that are not Permitted Liens or otherwise permitted
by the Transaction 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(k)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Investment
Manager Corporate Deliverables</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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Copies
of the latest versions of the constitutional documents of the Investment Manager certified by the Investment Manager to be a true and
up to date copy of the original;</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Copies
of the resolutions, in form and substance satisfactory to the Lender, of the board of directors of the Investment Manager authorizing
the execution, delivery and performance of this Agreement and the other Transaction Documents to which it is a party certified by an officer
of the Investment Manager as of the Restatement Date, which certificate shall state that the resolutions thereby certified have not been
amended, modified, revoked or rescinded;</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Delivery
of a closing certificate dated as of the Restatement Date from the Investment Manager including a certificate as to the incumbency and
signature of the directors or other attorneys authorized to sign this Agreement and the other Transaction Documents to which it is a party
on behalf of the Investment Manager and any certificate or other document to be delivered pursuant thereto, certified by an officer of
the Investment Manager together with evidence of the incumbency of such manager.</P>

<P STYLE="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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>A
copy of searches in the Companies Registration Office/Petitions Office in respect of the Investment Manager and dated no earlier than
five (5)&#8239;calendar days prior to the Restatement 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"><FONT STYLE="font-size: 10pt">(l)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Representations
and Warranties</U>. The representations and warranties set forth in <U>Article&#8239;III</U> are true and correct in all material respects
as of the Restatement Date, except to the extent such representations and warranties expressly relate to an earlier date, in which case
such representations and warranties shall remain true and correct in all material respects as of such earlier date; <U>provided</U> that
(x)&#8239;any representation and warranty that is qualified as to &ldquo;materiality,&rdquo; &ldquo;Material Adverse Effect&rdquo; or similar
language shall be true and correct in all respects on the Restatement Date, or on such earlier date, as the case may be and (y)&#8239;the
representations and warranties set forth in <U>Article&#8239;III</U> (and in the other Transaction Documents) shall not be required to
be true and correct to the extent such representations and warranties relate to the solvency, liquidity, financial condition or ability
to pay debts of any Originator, any Servicer, the Investment Manager or the Parent Guarantor (other than the Borrower or the U.S. Intermediate
Transferor) and are false solely as a result of or in connection with the commencement of the Chapter 11 Cases.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(m)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Amortization
Event</U>. No event has occurred and is continuing that constitutes a Potential Amortization Event or an Amortization Event (other than
any Amortization Event arising from or in connection with the commencement of the Chapter 11 Cases that is expressly carved out pursuant
to <U>Section&#8239;7.1</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(n)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Fees
and Expenses</U>. The Borrower or the Investment Manager shall have paid the fees specified in the Agent Fee Letter, Lender Fee Letter
and all other reasonable and documented fees and expenses (including reasonable and documented legal fees and expenses) incurred by the
Administrative Agent, the Collateral Agent and the Lenders required to be paid by the Borrower or the Investment Manager to the extent
invoiced one Business Day prior to the Restatement Date, on the Restatement 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"><FONT STYLE="font-size: 10pt">(o)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Daily
Report and Borrowing Notice</U>. The Administrative Agent and each Lender shall have received a completed Daily Report (with respect to
the Borrowing Base as of the Restatement Date) and a Borrowing Notice for the Advance to be made on the Initial Funding 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"><FONT STYLE="font-size: 10pt">(p)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Existing
Credit Agreement</U>. Simultaneous with the funding of the Advances on the Restatement Date, all principal, premium, interest, fees and
other amounts due or outstanding under the Existing Credit Agreement shall have been repaid in full, and the Administrative Agent and
Lenders shall have received reasonably satisfactory evidence 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(q)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Field
Exam</U>. The Lenders shall have received a copy of the final version of the Due Diligence Report of Atlantic Risk Management in form
and substance reasonably satisfactory to the Requisite Lenders.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(r)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Financial
Projections</U>. The Administrative Agent and the Lenders shall have received all historical and projected financials of the Investment
Manager and each Originator requested by the Lenders, including all details requested concerning revenue.</P>

<P STYLE="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"><FONT STYLE="font-size: 10pt">(s)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Facility
Orders</U>. The Bankruptcy Court shall have entered the Interim Order (and, to the extent then required to be in effect, the Final Order),
in each case (i)&#8239;in form and substance reasonably satisfactory to the Administrative Agent and each Lender, (ii)&#8239;which shall
be in full force and effect and shall not have been vacated, reversed, stayed, modified or amended (other than as approved in writing,
not to be unreasonably withheld, by the Administrative Agent and each Lender), and (iii)&#8239;which shall provide the Administrative Agent,
the Collateral Agent and each of the other Secured Parties with the protections of section 364(e)&#8239;of the Bankruptcy Code with respect
to any priority or lien granted, or debt incurred, pursuant to such Facility Order.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(t)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>DIP
Facility</U>. (i)&#8239;The Bankruptcy Court shall have entered the Eligible DIP Order(s), which Eligible DIP Order shall be in full force
and effect and shall not have been vacated, reversed, stayed, modified or amended (other than as approved in writing, such approval not
to be unreasonably withheld, by the Administrative Agent and each Lender), and (ii)&#8239;the DIP Facility approved thereby shall constitute
an Eligible DIP 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(u)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>First
Day Orders</U>. The Administrative Agent and each Lender shall have received (i)&#8239;evidence that all &ldquo;first day orders&rdquo;
(including a cash management order) and all related pleadings intended to be entered on or prior to the entry of the Interim Order shall
have been entered by the Bankruptcy Court and shall be, with respect to the provisions thereof that have a material effect on the Secured
Parties or their rights and interests in the Collateral, in form and substance reasonably satisfactory to the Administrative Agent and
the Lenders, and (ii)&#8239;forms of any &ldquo;second day orders&rdquo; filed but not yet entered, which forms shall be in form and substance
reasonably satisfactory to the Administrative Agent and each Lender with respect to the provisions thereof that have a material effect
on the Secured Parties or their rights and interests in 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Purchase
Agreements</U>. The Administrative Agent and the Lenders shall have received evidence of the execution and satisfaction of all conditions
precedent to each Purchase and Sale 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"><FONT STYLE="font-size: 10pt">(w)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Due
Diligence</U>. The Administrative Agent and the Lenders shall have received all due diligence materials requested by the Lenders related
to the Receivables, including historical accounts, receivable aging and roll-forward data, in each case in form and substance satisfactory
to the Lenders.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(x)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>KYC</U>.
The Administrative Agent shall have received (x)&#8239;all documentation and other information regarding the Borrower requested in connection
with applicable &ldquo;know your customer&rdquo; and anti-money laundering rules&#8239;and regulations, including the USA PATRIOT Act,
to the extent requested in writing of Borrower at least 3 Business Days prior to the Restatement Date, and (y)&#8239;a properly completed
and signed IRS Form&#8239;W-8 or W-9, as applicable, for the 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;4.3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Conditions
Precedent to all Advances</U>. Each Advance made after the Restatement Date shall be subject to the following conditions precedent (unless
waived by the Administrative Agent (acting at the direction of the Requisite Lenders)):</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Borrower or the Investment Manager, on behalf of the Borrower, shall have delivered to the Administrative Agent for distribution to the
Lenders (i)&#8239;a completed Daily Report (with respect the Borrowing Base as of one Business Day before the Borrowing Notice is required
to be delivered) and (ii)&#8239;a completed Borrowing 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"></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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Facility Termination Date shall not have occurred; 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>on
the applicable Borrowing Date, as applicable, the following statements shall be true (and acceptance of the proceeds of such Advance shall
be deemed a representation and warranty by the Borrower that such statements are then 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
representations and warranties set forth in <U>Article&#8239;III</U> are true and correct in all material respects on and as of the Borrowing
Date of such Advance, as though made on and as of such date, except to the extent such representations and warranties expressly relate
to an earlier date, in which case such representations and warranties shall remain true and correct in all material respects as of such
earlier 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>no
event has occurred and is continuing or would result from such Advance that constitutes a Potential Amortization Event or an Amortization
Event (other than any Amortization Event arising from the commencement of the Chapter 11 Cases that is expressly carved out pursuant to
<U>Section&#8239;7.1</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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Interim Order or Final Order, as applicable, shall be in full force and effect and shall not have been vacated, reversed, stayed, modified
or amended (other than as approved in writing by the Administrative Agent and each Lender), and no Debtor or Affiliate of a Debtor shall
have filed any motion or pleading seeking any of the foregoing; 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>no
Overadvance exists or will result from such 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-align: justify; text-indent: 1in">For the purpose of determining
compliance with the conditions specified in this <U>Article&#8239;IV</U>, the Lenders shall be deemed to have consented to, approved and
accepted each condition unless the Administrative Agent shall have received written notice from any Lender prior to the date of an Advance
specifying its objection thereto, and by their funding of any Advance on such date the Lenders shall be deemed to direct the Administrative
Agent that all conditions specified in this <U>Article&#8239;IV</U> 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-align: center"><B>ARTICLE&#8239;V.</B></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>COVENANTS</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"><FONT STYLE="font-size: 10pt">Section&#8239;5.1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Affirmative
Covenants</U>. Until the Final Payout Date each of the Borrower and the Investment Manager agrees, severally with respect to itself only,
to comply with the following covenants, to the extent 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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Financial
Accounting Practices</U>. The Borrower and the Investment Manager shall keep proper books of record and account, in which full and, in
all material respects correct, entries shall be made in conformity with Irish statutory 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"></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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Financial
Reporting of the Trinseo Reporting Entity</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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Annual
Reports</U>. Within 90 days after the close of each fiscal year of the Trinseo Reporting Party, the Investment Manager shall furnish to
the Administrative Agent for distribution to the Lenders a consolidated balance sheet of the Trinseo Reporting Party and its Subsidiaries
as at the end of such fiscal year, and the related consolidated statements of income or operations, stockholders&rsquo; equity and cash
flows for such fiscal year, setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable
detail and prepared in accordance with GAAP, audited and accompanied by a report and opinion of PricewaterhouseCoopers LLC or any other
independent registered public accounting firm of nationally recognized standing, which report and opinion shall be prepared in accordance
with generally accepted auditing standards.</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Quarterly
Reports</U>. Within 45 days after the end of each of the first three Fiscal Quarters of each fiscal year of the Trinseo Reporting Party,
the Investment Manager shall furnish to the Administrative Agent for distribution to the Lenders a consolidated balance sheet of the Trinseo
Reporting Party and its Subsidiaries as at the end of such fiscal quarter and the related (i)&#8239;consolidated statements of income or
operations for such fiscal quarter and for the portion of the fiscal year then ended and (ii)&#8239;consolidated statements of cash flows
for such fiscal quarter and the portion of the fiscal year then ended, setting forth in each case in comparative form the figures for
the corresponding fiscal quarter of the previous fiscal year and the corresponding portion of the previous fiscal year, all in reasonable
detail and certified by a Responsible Officer of the Trinseo Reporting Party as fairly presenting in all material respects the financial
condition, results of operations, stockholders&rsquo; equity and cash flows of the Trinseo Reporting Party and its Subsidiaries in accordance
with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes.</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><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 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Compliance
Certificates</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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>No
later than five days after the Trinseo Reporting Party&rsquo;s financial statements are delivered pursuant to <U>Section&#8239;5.1(b)(i)</U>&#8239;or
<U>(ii)</U>&#8239;of this Agreement, the Investment Manager shall provide to the Administrative Agent for distribution to the Lenders a
certificate, addressed to the Lenders, executed by a Responsible Officer of the Borrower, stating that the Facility Termination Date has
not occurred and no Amortization Event or Potential Amortization Event exists, or if any such event exists, such certificate shall specify
in detail the nature and period of existence of such Amortization Event or Potential Amortization Event and any action taken or contemplated
to be taken by the Borrower with respect 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">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Notwithstanding the foregoing, the obligations
in clauses (i)&#8239;and (ii)&#8239;of this Section&#8239;5.1(b)&#8239;may be satisfied by furnishing the Trinseo Reporting Party&rsquo;s
Form&#8239;l0-K or 10-Q, as applicable, filed with the SEC.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Taxes
of the Borrower</U>. The Borrower will (i)&#8239;timely file all income and other material state, local and foreign income and franchise
and other material Tax returns, reports and statements required to be filed by it and (ii)&#8239;pay, or cause to be paid, all taxes, assessments
and other governmental charges, if any, other than taxes, assessments and other governmental charges being contested in good faith by
appropriate proceedings and as to which adequate reserves have been provided in accordance with 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Monthly
Reports; Solvency Certificates</U>. As soon as available, and in any event on each Monthly Reporting Date, the Investment Manager, on
behalf of the Borrower, will provide to the Lenders:</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>A
Monthly Report prepared by the Servicers, on behalf of the Borrower and the Trinseo Parties, and in substantially the form set forth as
<U>Exhibit&#8239;X</U> hereto, setting forth the following (in each case calculated as of the last day of the previous Calculation Period
in reasonable detail) and attaching a copy of the most recent Daily Report to be delivered pursuant to <U>Section&#8239;5.1(k)</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: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(A)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>roll-forward
of the outstanding balances of all Pool Receivables, including the Dilution for the preceding six-month period;</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(B)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>an
aging summary in respect of all Pool Receivables;</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(C)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>a
schedule listing the Obligors (and the outstanding balance of all Pool Receivables owing by such Obligors) owing the ten largest Outstanding
Balances of Pool Receivables</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(D)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
U.S. Dollar Equivalent of all Outstanding Balances of all Pool Receivables that were Eligible Receivables on the previous Monthly Reporting
Date but were no longer Eligible Receivables as of the last day of the preceding Calculation Period;</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(E)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
aggregate amount of Collections in respect of Pool Receivables received by the Originators in each of the Collection Accounts during the
Calculation Period;</P>

<P STYLE="font: 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: 1.5in"><FONT STYLE="font-size: 10pt">(F)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
aggregate amount of Receivables from Identified Excluded Obligors during such Calculation Period;</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>A
Solvency Certificate of the Borrower as of the last day of the previous Calculation Period of the Borrower signed by a Financial Officer
of the 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 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>A
report showing the calculation of the Required Reserves, including the calculation of each component included in the Required Reserves,
and the Days Sales 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Notice
of Certain Events</U>. Promptly upon becoming aware of the occurrence of the following events, each of the Borrower, or the Investment
Manager on behalf of the Borrower, shall give the Administrative Agent (for distribution to the Lenders) notice of such event, together
with a written statement signed on behalf of the Borrower or the Investment Manager on behalf of the Borrower, setting forth the details
of such event and any action taken or contemplated to be taken with respect 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>an
Amortization Event or Potential Amortization Event under 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
occurrence of an event of default or similar event after the expiry of any applicable grace period with respect to the DIP Facility or
any other Material Indebtedness of the Parent Guarantor or any of 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Notice
under Related Documents</U>. Promptly after the delivery, filing or receipt thereof, the Borrower or the Investment Manager, on behalf
of the Borrower, shall deliver to the Administrative Agent (for distribution to the Lenders) a copy of each material written notice, certificate
or report delivered pursuant to any Servicing Agreement, Purchase and Sale Agreement or the U.S. Intermediate Transfer 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"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Notice
of Proceedings</U>. Promptly upon becoming aware thereof, each of the Borrower and the Investment Manager will give the Administrative
Agent (for distribution to the Lenders) written notice of (i)&#8239;the commencement or written threat of all proceedings by or before
any Governmental Authority against or affecting the Borrower or (ii)&#8239;any action, suit, proceeding or investigation pending or threatened
in writing, against the Borrower before any Governmental Authority, that would, in each case reasonably be expected to result in a Material
Adverse Effect, in each case other than the Chapter 11 Cases.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(j)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Further
Information</U>. The Borrower and the Investment Manager will promptly furnish to the Administrative Agent (for distribution to the Lenders)
such additional information regarding (i)&#8239;the business, legal, financial or corporate affairs of the Originators and Servicers reasonably
related to the Receivables and the Contracts related thereto, (ii)&#8239;the Collateral, including, without limitation, aging, roll forward
and eligibility information, in each case, as the Administrative Agent or the Collateral Agent (in each case, acting at the direction
of the Requisite Lenders) or any Lender may from time to time reasonably request, and (iii)&#8239;the ability of Borrower, the U.S. Intermediate
Transferor, the Servicers or the Originators to perform their respective obligations under this Agreement or any other Transaction Document;
<B><I>provided</I></B> that neither the Borrower nor the Investment Manager shall be required to disclose or permit the inspection or
discussion of, any document, information or other matter (i)&#8239;that constitutes non-financial trade secrets or non-financial proprietary
information, (ii)&#8239;in respect of which disclosure to any Lender (or its respective representatives) is prohibited by law or any binding
agreement, or (iii)&#8239;that is subject to attorney-client or similar privilege or constitutes attorney work product.</P>

<P STYLE="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"><FONT STYLE="font-size: 10pt">(k)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Borrowing
Base Determination.</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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Not
later than the Monthly Reporting Date following each Calculation Period, the Borrower or the Investment Manager, on behalf of the Borrower,
shall deliver to the Administrative Agent (for distribution to the Lenders) a Daily Report executed by a Responsible Officer of the Borrower
or of the Investment Manager, on behalf of the Borrower, which Daily Report may be contained in the Monthly Report;</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Requisite Lenders may, at the Requisite Lenders&rsquo; sole cost and expense, make test verifications of the Unbilled Receivables in a
reasonable manner that the Requisite Lenders consider advisable in consultation with the Investment Manager, and the Borrower and Investment
Manager shall furnish all such commercially reasonable assistance and information as the Requisite Lenders and their advisors may require
in connection therewith; <B><I>provided</I></B> that the Requisite Lenders shall not take any actions that could reasonably be expected
to cause any disruption to the Obligors or their Affiliates and neither the Requisite Lenders nor their designees shall contact any Obligor;
<B><I>provided</I></B>, <B><I>further</I></B>, that the Requisite Lenders shall not make such test verifications under this clause (ii)&#8239;on
more than one occasion in any fiscal quarter unless an Amortization Event has occurred and is continuing; <B><I>provided</I></B><I>, <B>further</B>,</I>
that after the occurrence and during the continuance of an Amortization Event, each test verification made pursuant to this <U>clause
(ii)</U>&#8239;shall be at the Borrower&rsquo;s sole cost and expense.</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>For
purposes of calculating the Borrowing Base at any date of determination, (A)&#8239;the U.S. Dollar Equivalent of the cumulative outstanding
balance of rebates that are accrued and unpaid as of such date shall be included in such calculation and identified as such in the applicable
Daily Report or Monthly Report and (B)&#8239;the aggregate amount of Collections in respect of Pool Receivables received by the Originators
in each of the Collection Accounts as of such date shall be accurately reported and reflected in the applicable Daily Report or Monthly
Report based on the amounts actually received by such Originator during the applicable period.</P>

<P STYLE="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"><FONT STYLE="font-size: 10pt">(l)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Maintenance
of Records; Audits; and Field Exams.</U> The Investment Manager will, from time to time during regular business hours as requested by
the Requisite Lenders and at the sole cost of the Borrower, permit the Lenders or their respective agents or representatives: (a)&#8239;to
examine and make copies of and abstracts from all Records in the possession or under the control of the Investment Manager or Servicers
relating to the Pool Receivables and the Related Security, including, without limitation, the related Contracts; and (b)&#8239;upon reasonable
advance written notice, to visit the offices and properties of the Originators during reasonable business hours for the purpose of examining
such materials described in <U>clause (a)</U>&#8239;above and a comprehensive field exam related to the Receivables of the Originators,
and to discuss matters relating to the Originators&rsquo; financial condition or the Pool Receivables and the Related Security or any
Trinseo Party&rsquo;s performance under any of the Transaction Documents or any Trinseo Party&rsquo;s performance under the Contracts
and, in each case, with any of the officers or employees of such Trinseo Party having knowledge of such matters (each such visit, a &ldquo;<B><I>Review</I></B>&rdquo;).
Such Reviews may include a review of the Trinseo Parties&rsquo; compliance with the Credit and Collections Policy. In connection with
such Reviews, the Trinseo Parties shall not unreasonably oppose a request by the Lenders to communicate directly with the Trinseo Parties&rsquo;
independent certified public accountants; <I>provided</I> that the Investment Manager shall have an opportunity to be present at or participate
in any such discussion with the Trinseo Parties&rsquo; independent certified public accountants. So long as no Amortization Event has
occurred and is continuing, only two such Reviews are permitted to be conducted in any one calendar year. Notwithstanding anything to
the contrary in this <U>Section&#8239;5.1(l)</U>, none of the Trinseo Parties shall be required to disclose, permit the inspection, examination
or making copies or abstracts of, or discussion of, any document, information or other matter (i)&#8239;that constitutes non-financial
trade secrets, (ii)&#8239;in respect of which disclosure to the Administrative Agent or any Lender (or their respective representatives)
is prohibited by law or any binding agreement, or (iii)&#8239;that is subject to attorney-client or similar privilege or constitutes attorney
work product.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(m)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Separateness</U>.
The Borrower and Investment Manager acknowledge that the Administrative Agent, the Collateral Agent and the Lenders are entering into
the transactions contemplated by this Agreement in reliance upon the Borrower&rsquo;s identity as a legal entity that is separate from
the Originators, the U.S. Intermediate Transferor, the Investment Manager and their respective other Affiliates (each, a &ldquo;<B><I>Related
Entity</I></B>&rdquo;). Therefore, each of the Borrower and Investment Manager shall take all steps specifically required by this Agreement
or reasonably required by the Requisite Lenders (it being understood that no Trinseo Party shall have any obligation to maintain or preserve
the Borrower&rsquo;s financial condition or cause the Borrower to achieve certain levels of operating results) to continue the Borrower&rsquo;s
identity as a separate legal entity and to make it apparent to third Persons that the Borrower is an entity with assets and liabilities
distinct from those of the Originators, the U.S. Intermediate Transferor, the Investment Manager and any other Person, and is not a division
of the Originators, the U.S. Intermediate Transferor, the Investment Manager, its Affiliates or any other Person consistent with the terms
of the Borrower&rsquo;s Organizational Documents. Therefore, from and after the Original Closing Date, the Investment Manager will not
take any action inconsistent with the &ldquo;separateness covenants&rdquo; set forth 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(n)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Preservation
of Existence</U>. Each of the Borrower and Investment Manager shall maintain its organizational existence in full force and effect in
its jurisdiction of incorporation or organization, as the case may be. Each of the Borrower and Investment Manager will qualify and remain
licensed or qualified as a foreign corporation or limited liability company, as the case may be, in each jurisdiction in which the failure
to receive or retain such licensing or qualification would reasonably be expected to have 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"><FONT STYLE="font-size: 10pt">(o)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Compliance
with Laws</U>. The Borrower and Investment Manager will comply with all applicable Laws, the non-compliance with which would reasonably
be expected to have a Material Adverse Effect, other than Anti-Corruption Laws and Sanctions. The Borrower, the Investment Manager, the
Originators, Servicers and U.S. Intermediate Transferor and, to their knowledge, their respective directors, officers, employees and agents,
shall (a)&#8239;comply with Anti-Corruption Laws and applicable Sanctions, and shall maintain policies and procedures designed to ensure
compliance with Anti-Corruption Laws and applicable Sanctions and (b)&#8239;not authorize the use of the proceeds of any Advance which
would violate Anti-Corruption 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">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(p)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Conduct
of Business</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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Borrower shall: (A)&#8239;continue to conduct its business substantially as now conducted or as otherwise permitted hereunder and in accordance
with the terms of its Organizational Documents and (B)&#8239;at all times maintain, preserve and protect all of its assets and properties
used or useful in the conduct of its business, including all licenses, permits, charters and registrations, except where the failure to
do so, individually or in the aggregate, would not reasonably be expected to have 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Investment Manager shall cause each Originator, each Servicer and the U.S. Intermediate Transferor to continue to conduct its business
substantially as now conducted or as otherwise permitted hereunder and in accordance with the terms of its Organizational 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(q)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Further
Assurances</U>. The Borrower and Investment Manager will, at the Borrower&rsquo;s own cost and expense, cause to be promptly and duly
taken, executed, acknowledged and delivered all such further acts, documents and assurances as the Lenders or the Administrative Agent
or Collateral Agent (in each case, acting at the direction of the Requisite Lenders) may reasonably request from time to time in order
to carry out the intent and purposes of this Agreement more effectively and the transactions 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(r)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Anti-Money-Laundering/International
Trade Law Compliance</U>. The Borrower and Investment Manager shall immediately notify the Administrative Agent and each Lender in writing
upon the occurrence of a Reportable Compliance Event.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(s)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Anti-Terrorism
Laws</U>. The Parent Guarantor, each of its Subsidiaries and the Borrower shall not (i)&#8239;conduct any business or engage in any transaction
or dealing with any Sanctioned Person, including making or receiving any contribution of funds, goods or services to or for the benefit
of any Sanctioned Person, (ii)&#8239;deal in, or otherwise engage in any transaction relating to, any property or interests in property
blocked pursuant to the Executive Order No.&#8239;13224; or (iii)&#8239;engage in or conspire to engage in any transaction that evades or
avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in the Executive Order No.&#8239;13224,
the USA PATRIOT Act or any other Anti-Terrorism Laws. The Borrower, shall deliver to the Administrative Agent and the Lenders any certification
or other evidence requested from time to time by the Administrative Agent (acting at the direction of the Requisite Lenders) in its sole
and absolute discretion, confirming the Borrower&rsquo;s compliance with this <U>Section&#8239;5.1(s)</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(t)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Corporate
Services Manager</U>. The Corporate Administrator shall have responsibility for providing the agreed corporate services to the Borrower
(including effecting required filings, registrations and reporting on behalf of the Borrower), subject to and in accordance with a Corporate
Services 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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(u)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Performance
and Enforcement of the Servicing Agreements, Purchase and Sale Agreements and the U.S. Intermediate Transfer Agreement</U>. The Borrower
will perform each of its obligations and undertakings under and pursuant to each Servicing Agreement, each Purchase and Sale Agreement
and the U.S. Intermediate Transfer Agreement, as applicable. The Borrower will purchase Pool Receivables under each Purchase and Sale
Agreement or the U.S. Intermediate Transfer Agreement, as applicable, in strict compliance with the terms thereof and of this Agreement
and will diligently enforce the rights and remedies accorded to it as the buyer or transferee under such Purchase and Sale Agreement or
the U.S. Intermediate Transfer Agreement, as applicable. The Borrower will take all actions to register, perfect and enforce its rights
and interests (and the rights and interests of the Collateral Agent and the Lenders as assignees of the Borrower) under each Purchase
and Sale Agreement or the U.S. Intermediate Transfer Agreement, as applicable, as the Collateral Agent (acting at the direction of the
Requisite Lenders) may from time to time reasonably request, including, without limitation, making claims to which it may be entitled
under any indemnity, reimbursement or similar provision contained in such Purchase and Sale Agreement or the U.S. Intermediate Transfer
Agreement, 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Compliance
with Facility Orders</U>. The Investment Manager shall take all action reasonably requested by the Administrative Agent (acting at the
direction of the Requisite Lenders) to give effect to, preserve and enforce the AR Superpriority Claims, the AR Protective Liens, the
Collection Account Liens and the other rights, remedies and protections of the Secured Parties under the Facility Orders.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(w)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Bankruptcy
Court Filings. The Investment Manager shall promptly (and in any event within three (3)&#8239;Business Days after the applicable filing)
furnish to the Administrative Agent and counsel to the Lenders a copy of each motion, application, pleading, declaration, schedule, report,
proposed order or any other document filed by any Debtor with the Bankruptcy Court in the Chapter 11 Cases that could reasonably be expected
to have a material effect on the Secured Parties or their rights or interests in the Collateral, including any motion, application, pleading
or proposed order relating to the AR Facility Collateral, any Transaction Document, the Facility Orders, the assumption or rejection of
any executory contract or unexpired lease that could reasonably be expected to affect any Pool Receivable, or any plan or disclosure statement..</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(x)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Ownership</U>.
The Borrower will (or, to the extent required pursuant to any Purchase and Sale Agreement, will require each Originator or Servicer to,
or to the extent required pursuant to the U.S. Intermediate Transfer Agreement, will require the U.S. Intermediate Transferor to) take
all necessary action to (i)&#8239;vest legal and equitable title to the Purchased Receivables, the Related Security and the Collections
irrevocably in the Borrower, free and clear of any Liens other than Permitted Liens, and (ii)&#8239;establish and maintain, in favor of
the Collateral Agent, for the benefit of the Secured Parties, a valid and perfected first priority Security Interest in the Collateral
to the full extent contemplated herein, free and clear of any Liens other than Permitted Liens (including, without limitation, the filing
of all financing statements or other similar instruments or documents necessary under the UCC (or any comparable law) of all appropriate
jurisdictions) to perfect the Collateral Agent&rsquo;s (for the benefit of the Secured Parties) Security Interest in the Collateral and
such other action to perfect, protect or more fully evidence the Security Interest of the Collateral Agent for the benefit of the Secured
Parties as the Collateral Agent (acting at the direction of the Requisite Lenders) or any Lender may reasonably 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"></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"><FONT STYLE="font-size: 10pt">(y)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Borrower&rsquo;s
Tax Status</U>. The Borrower will remain a resident for tax purposes solely in Ireland and will not become subject to tax on its net income
or profits (however denominated) in any jurisdiction outside of Ireland. The Borrower is not registered or liable to be registered (or
part of any registration), and will not voluntarily become registered (or part of any registration), for VAT in the United Kingdom. The
Borrower is not, and will not be, treated as a member of any VAT Group.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(z)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Books
and Records</U>. The Borrower and Investment Manager will, or will cause the Servicers, to maintain, and implement administrative and
operating procedures (including an ability to recreate records evidencing Pool Receivables and related Contracts in the event of the destruction
of the originals thereof) and keep and maintain all documents, books, records, computer tapes and disks and other information reasonably
necessary or advisable for the collection of all Pool Receivables and all Collections of and adjustments to each existing Pool Receivable.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(aa)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Collections</U>.
The Investment Manager shall, or will cause the Originators, Servicers or the U.S. Intermediate Transferor, as applicable, to, direct
all Obligors to make payments of the Purchased Receivables directly to any Collection Account which at all times is subject to a Control
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"><FONT STYLE="font-size: 10pt">(bb)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Maintenance
of Properties</U>. The Borrower shall maintain and preserve (i)&#8239;all of its properties which are necessary in the conduct of its business
in good working order and condition, and (ii)&#8239;all rights, permits, licenses, approvals and privileges (including all Permits) which
are used or useful or necessary in the conduct of its business, except where the failure to so maintain and preserve could not reasonably
be expected to have 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"><FONT STYLE="font-size: 10pt">(cc)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Use
of Proceeds</U>. The Borrower may use the proceeds of Advances made hereunder for (i)&#8239;transaction expenses incurred in connection
with this Agreement and the Transaction Documents, (ii)&#8239;the payment of interest, fees, expenses or other amounts due under this Agreement
or under any other Transaction Document, (iii)&#8239;purchasing Eligible Receivables in accordance with the terms of the Purchase and Sale
Agreements and the U.S. Intermediate Transfer Agreement and (iv)&#8239;repaying the Subordinated Junior Loan Note on any Settlement Date
and subject to the Subordination Provisions under and as defined in the Junior Loan Note 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"><FONT STYLE="font-size: 10pt">(dd)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Access
to Account Information</U>. The Borrower shall cause the Administrative Agent to have online viewing access to the account statements
relating to the Transaction Accounts. Upon the request of any of the Requisite Lenders or the Collateral Agent, the Borrower shall grant
the requesting party online access (or such other access requested by such party) to the account statements relating to the bank accounts
of the Borrower, the Investment Manager, the Servicers, the U.S. Intermediate Transferor and the Originators for the purpose of determining
the amounts, if any, of Obligor payments with respect to Pool Receivables that are being made to such accounts of the Servicers, the Investment
Manager, the U.S. Intermediate Transferor or the Originators.</P>

<P STYLE="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"><FONT STYLE="font-size: 10pt">(ee)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Borrowing
Base Administrator</U>. Within 30 days following the Restatement Date, the Borrower and the Investment Manager shall retain a third party
borrowing base administrator acceptable to the Requisite Lenders to perform borrowing base calculations, reporting and other services
under this Agreement and the other Transaction Documents and on other terms and conditions acceptable to the Requisite Lenders. No later
than 45 days following the Restatement Date the Borrower and the Investment Manager shall cause the third party borrowing base administrator
to start performing borrowing base calculations, reporting and other services under this Agreement and the other Transaction Documents
and on other terms and conditions acceptable to the Requisite Lenders.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(ff)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Compliance
with the Swiss Non-Bank Rules</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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Each
Swiss Originator shall comply with the Swiss Non-Bank Rules; provided, however, that a Swiss Originator shall not be in breach of this
covenant if the permitted number of Swiss Non-Qualifying Lenders is exceeded solely by reason 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: 2in"></TD><TD STYLE="width: 0.5in">(1)</TD><TD STYLE="text-align: justify">a failure by one or more Lenders or Participants to comply with their obligations under <U>Section&#8239;10.1</U>; or</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: 2in"></TD><TD STYLE="text-align: justify; width: 0.5in">(2)</TD><TD STYLE="text-align: justify">a confirmation made by one or more Lenders or Participants to be one single Swiss Non-Qualifying Lender is incorrect; or</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: 2in"></TD><TD STYLE="text-align: justify; width: 0.5in">(3)</TD><TD STYLE="text-align: justify">one or more Lenders or Participants ceasing to be a Swiss Qualifying Lender (to the extent such Lender or Participant is confirmed
to be a Swiss Qualifying Lender) as a result of any reason attributable to such Lender or Participant; or</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: 2in"></TD><TD STYLE="text-align: justify; width: 0.5in">(4)</TD><TD STYLE="text-align: justify">an assignment or participation under this Agreement to a Swiss Non-Qualifying Lender after the occurrence of an Amortization Event</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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>For
the purposes of this <U>Section&#8239;5.1(dd)</U>, the Investment Manager and the Borrower shall assume that the aggregate number of Lenders
and Participants under this Agreement which are Swiss Non-Qualifying Lenders is ten.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">Section&#8239;5.2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Negative
Covenants</U>. Until the Final Payout Date, each of the Borrower and the Investment Manager agrees, severally with respect to itself only,
to comply with the following covenants, to the extent 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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Name
or Structural Changes</U>. The Borrower shall not, in each case, without (x)&#8239;the prior written consent of the Requisite Lenders,
which consent shall not be unreasonably withheld, and (y)&#8239;delivery to the Administrative Agent and Collateral Agent (for distribution
to the Lenders) of all financing statements, instruments and other documents and opinions reasonably requested by the Requisite Lenders
in connection with such change:</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>change
its name, identity or legal structure (within the meaning of Section&#8239;9-507(c)&#8239;of any applicable enactment of the UCC) or make
any other change in the Borrower&rsquo;s name, identity or corporate structure that could impair or otherwise render any UCC financing
statement filed in connection with this Agreement or any other Transaction Document &ldquo;seriously misleading&rdquo; as such term (or
similar term) is used in the UCC, unless it gives the Collateral Agent and the Administrative Agent (for distribution to the Lenders)
written notice of such change no later than 15 Business Days prior 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">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>permit
itself to merge or consolidate with or into, or convey, transfer, lease or otherwise dispose of (whether in one transaction or in a series
of transactions) all or substantially all of its assets (whether now owned or hereafter acquired) to, any 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>permit
any Person other than the Share Trustees to beneficially own, or have an Adverse Claim against, any Capital Stock of the Borrower; 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>change
or relocate its tax residence, registered office or its center of main interest to any location other than Ireland.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Changes
in Payment Instructions to Obligors</U>. No Trinseo Party will, (i)&#8239;add or terminate any Bank as a Collection Bank or (ii)&#8239;add
or terminate any Collection Account, unless the Administrative Agent shall have received: (A)&#8239;at least 10 days before the proposed
effective date therefor, written notice of such addition, termination or change, together with an updated version of <FONT STYLE="font-size: 10pt"><U>Exhibit&#8239;IV</U></FONT>
to this Agreement and (B)&#8239;with respect to the addition of a Collection Account, an executed Control Agreement (or an executed amendment
to an existing Control Agreement) with respect to the new Collection Account prior to depositing any Collections therein. In addition,
the Borrower and the Investment Manager shall not, and shall cause the Originators, Servicers and the U.S. Intermediate Transferor not
to, make any changes in the instructions to any Obligor as to where payments on the Pool Receivables should be made unless requested by
the Administrative Agent (acting at the direction of the Requisite Lenders); <B><I>provided</I></B>, <B><I>however</I></B>, that the Investment
Manager, Originators or Servicers may make changes in instructions to Obligors regarding payments if such new instructions require such
Obligor to make payments to another existing Transaction Account that is subject to a Control 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"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Modifications
to Credit and Collection Policy</U>. Neither the Borrower nor the Investment Manager will permit any change to the Credit and Collection
Policy of each Originator that would materially and adversely affect the collectability of Pool Receivables, the timing of payment thereof
or the collection procedures relating thereto without the prior written consent of the Administrative Agent (acting at the direction of
the Requisite Lenders) (which consent will not be unreasonably withheld or delayed). Except to the extent that a Deemed Collection payment
has been made in accordance with <U>Section&#8239;1.6</U>, the Borrower and Investment Manager will not permit any Trinseo Party to, extend,
amend or otherwise modify the payment terms of any Pool Receivable or any Contract related to such Pool Receivable in any material respect
other than in accordance with the Credit and Collection Policy; <B><I>provided</I></B>, <B><I>however</I></B>, that such extension or
adjustment shall not alter the status of such Pool Receivable as a Defaulted Receivable or Delinquent Receivable or limit the rights of
the Administrative Agent or the other Secured Parties 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"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Sales,
Liens</U>. Other than the ownership and Security Interests permitted by the Transaction Documents, neither the Borrower nor the Investment
Manager will sell, assign (by operation of law or otherwise) or otherwise dispose of, or grant any option with respect to, or create or
suffer to exist any Adverse Claim, other than Permitted Liens, upon or with respect to, any Purchased Receivable, Related Security or
Collections or any Transaction Account, or assign any right to receive income with respect thereto, and the Borrower will defend the right,
title and interest of the Collateral Agent and the other Secured Parties in, to and under any of the foregoing property, against all claims
of third parties claiming through or under the Borrower, the U.S. Intermediate Transferor or any Originator.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Termination
of Purchase and Sale Agreement or U.S. Intermediate Transfer Purchase and Sale Agreements and Servicing Agreements</U>. The Borrower will
not amend or modify any Servicing Agreement, Purchase and Sale Agreement or the U.S. Intermediate Transfer Agreement to the extent that
such amendment or modification would be materially adverse to the interests of the Administrative Agent, Collateral Agent and the Lenders.
The Borrower will not terminate any Purchase and Sale Agreement or Servicing 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"><FONT STYLE="font-size: 10pt">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Borrower
Indebtedness</U>. The Borrower will not incur or permit to exist any Indebtedness or liability on account of deposits except: (i)&#8239;the
Borrower Obligations, (ii)&#8239;other current accounts payable arising in the ordinary course of business and not overdue, unless such
overdue accounts payable are disputed and being contested in good faith, (iii)&#8239;Indebtedness arising in connection with the Transaction
Documents and (iv)&#8239;the Junior Loan Note 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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Use
of Proceeds</U>. The Borrower shall not use the proceeds of any Advance (i)&#8239;except as provided in <U>Section&#8239;5.1(aa),</U> and
(ii), either directly or indirectly, for the purpose, whether immediate, incidental or ultimate, of &ldquo;purchasing or carrying&rdquo;
any margin stock. No part of the proceeds of any Advance will be used directly or indirectly to fund any operations in, finance any investments
or activities in or with, or make any payments to, a Sanctioned Person or a Sanctioned Country or a Person in the Russian Federation or
the Republic of Belarus, or in any other manner that will result in any violation by any Person (including the Administrative Agent and
the Lenders) of any Anti-Terrorism Laws, and will not be used in violation of Anti-Corruption 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Investments</U>.
Except as otherwise expressly permitted hereunder or under the other Transaction Documents, the Borrower shall not make any Investment
in any Person, including any holder of Capital Stock of the Borrower, any director, officer or employee of the Borrower, the Parent Guarantor
or any of the Parent Guarantor&rsquo;s Affiliates, through the direct or indirect lending of money, holding of securities or otherwise,
except with respect to Pool Receivables.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Sale
of Capital Stock and Assets</U>. The Borrower shall not sell, transfer, convey, assign, pledge, or otherwise dispose of, or assign any
of its properties or other assets or issue any of its Capital Stock, or any right to receive income in respect of any of the foregoing
(whether in a public or a private offering or otherwise), any Pool Receivable or Contract or any of its rights with respect to any of
its Transaction Accounts except as permitted by this Agreement or any of the other Transaction 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(j)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Accounting
Changes; Fiscal Year</U>. Neither the Borrower nor the Investment Manager will change its (a)&#8239;accounting treatment and reporting
practices, except as required by Irish statutory law and disclosed to the Lenders and the Administrative Agent or (b)&#8239;fiscal year.
As of the date of this Agreement, (i)&#8239;the Borrower&rsquo;s fiscal year ends December&#8239;31 and (ii)&#8239;the Investment Manager&rsquo;s
fiscal year ends December&#8239;31.</P>

<P STYLE="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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(k)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Sale
Characterization; Purchase and Sale Agreements; U.S. Intermediate Transfer Agreement</U>. The Investment Manager will not, and will not
permit any Originator, Servicer or the U.S. Intermediate Transferor to, account for, or otherwise treat, each sale of Pool Receivables
effected pursuant to any Purchase and Sale Agreement or the U.S. Intermediate Transfer Agreement in any manner other than as a true sale
or contribution and absolute assignment of the title to and sole record and beneficial ownership interest in such Pool Receivables by
such Originator or the U.S. Intermediate Transferor to the Borrower. In addition, the Investment Manager shall, and shall cause each Servicer,
Originator and the U.S. Intermediate Transferor to, disclose (in a footnote or otherwise) in all of its financial statements the existence
and nature of the transactions contemplated hereby and by the applicable Purchase and Sale Agreement or the U.S. Intermediate Transfer
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"><FONT STYLE="font-size: 10pt">(l)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Commingling</U>.
If funds that are not Collateral are deposited into a Collection Account or the Facility Account, the Investment Manager, on behalf of
the Borrower, shall, no later than the First Post-Closing Date (or such later date as may be agreed in writing by the Required Lenders
in their sole discretion (which may be by email from counsel to the Required Lenders)), provide written notice thereof to the Administrative
Agent promptly upon discovery thereof and shall, after providing reasonably satisfactory evidence to the Administrative Agent that such
funds are not Collateral, instruct the Collection Bank to remit such funds to the appropriate recipient, and notwithstanding anything
in this Agreement to the contrary, such remittance may be made at any time from a Collection Account or the Facility 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(m)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Modification
of Other Documents</U>. The Borrower shall not amend, modify, waive or otherwise change any of the terms of its Organizational Documents
to the extent inconsistent with the &ldquo;separateness covenants&rdquo; set forth in <U>Section&#8239;5.1(m)</U>&#8239;or any other bankruptcy-remote
characteristics of the Borrower or to the extent otherwise adverse to the Lenders&rsquo; interests hereunder, in each case without the
prior written consent of the Requisite Lenders.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(n)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Eligible
Bank</U>. The Borrower and the Investment Manager shall not permit any Transaction Account to be held at a Bank other than an Eligible
Bank, <B><I>provided</I></B> that if a Bank at which a Transaction Account is held ceases to be an Eligible Bank, the Investment Manager
shall upon discovery thereof (i)&#8239;promptly notify the Administrative Agent (for distribution to the Lenders) in writing thereof, and
(ii)&#8239;promptly (and in any event within 30 days) (x)&#8239;instruct all Obligors to cease making payments to any Transaction Account
at such Bank and instead make payments to a new depositary account, clearing account, collection account or similar account subject to
a Control Agreement and at a Bank that is an Eligible Bank and (y)&#8239;provide the Administrative Agent (for distribution to the Lenders)
all agreements and documents that any of them may reasonably request in connection therewith.</P>

<P STYLE="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-align: center"><B>ARTICLE&#8239;VI.</B></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"><FONT STYLE="text-transform: uppercase"><B>ADMINISTRATION
AND COLLECTION</B></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: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;6.1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Investment
Manager and Servicers</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Investment
Manager</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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Borrower hereby appoints Trinseo Ireland to perform certain reporting and administrative functions under the Transaction Documents as
the investment manager (in such capacity, the &ldquo;<B><I>Investment Manager</I></B>&rdquo;). Trinseo Ireland is hereby designated as,
and hereby agrees to perform the duties and obligations of, the Investment Manager pursuant to the terms of this Agreement and the other
Transaction Documents. The Investment Manager has also been appointed by the Originators to accept the purchase price with respect to
the Purchased Receivables on their behalf and to perform various other services related to the collection and distribution of such funds.
For the avoidance of doubt, the Investment Manager shall not be required to perform any duties or obligations to the extent that it would
amount to the provision by the Investment Manager of &ldquo;payment services&rdquo; which require an authorization or license as contemplated
by the he European Union (Payment Services) Regulations 2018 of Ireland or any other any duties or obligations which are regulated activities
under applicable law which may not be performed without a relevant license or authorization.</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Whenever
any amount is due, owing or payable to or by the Borrower under this Agreement or any of the other Transaction Documents, the Investment
Manager, on behalf of the Borrower, may, but shall not be obligated to, accept or make such payment on behalf of the Borrower, as applicable,
and in the case of any such payment made by the Investment Manager on behalf of (and on the direction and instruction of) the Borrower,
the Administrative Agent and Lenders agree to accept payment of such sum by the Investment Manager, on behalf of the Borrower, and such
payment shall constitute a complete discharge of the Borrower&rsquo;s obligation to pay such amounts. Notwithstanding the foregoing or
anything in the Transaction Documents to the contrary, the Investment Manager shall not have any liability to the Administrative Agent
or Lenders under this Agreement or the other Transaction Documents for the repayment of the Borrower Obligations or for the performance
of the Borrower&rsquo;s obligations under the Transaction 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>

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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"><FONT STYLE="font-size: 10pt">Section&#8239;6.2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Servicers</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Borrower shall cause each Servicer, in accordance with the applicable Servicing Agreement, to take or cause to be taken all such actions
as may be necessary or advisable to collect each Purchased Receivable from time to time, all in accordance with each Servicing Agreement,
with reasonable care and diligence, and in accordance with the Credit and Collection Policy of such Originator and Servicer, it being
understood that neither the Originators nor Servicer shall guarantee the collection of any Purchased Receivables. The Borrower shall
cause the Originators, Servicers and the U.S. Intermediate Transferor, in each case, in accordance with each Purchase and Sale Agreement
and Servicing Agreement, to direct all Obligors to, make payments of the Pool Receivables directly to a Collection Account, each of which
shall at all times be subject to a Control Agreement. If, notwithstanding the foregoing, any Obligor makes payment with respect to a
Purchased Receivable to a bank account that is not a Collection Account, (i)&#8239;the Investment Manager shall notify the Administrative
Agent promptly upon discovery thereof and (ii)&#8239;the Borrower shall cause the applicable Servicer, in accordance with the applicable
Servicing Agreement, to remit, or to cause such Person to remit any Collections (including any security deposits applied to the Outstanding
Balance of any Pool Receivable) that it receives on Purchased Receivables directly to a Collection Account within one Business Day after
receipt, and further agrees that all such Collections shall be deemed to be received in trust for the exclusive benefit of the Administrative
Agent and the Lenders.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Borrower shall cause each Servicer to administer the Collections in accordance with the applicable Servicing Agreement and the applicable
Credit and Collection Policy. Each Servicer shall hold for the account of the Borrower, the Administrative Agent and each other Secured
Party their respective shares of the Collections in accordance with the applicable Servicing 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"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Following
the occurrence and during the continuation of an Amortization Event, the Borrower shall ensure, in accordance with each Servicing Agreement
and each Purchase and Sale Agreement, that the Collateral Agent, acting at the direction of the Requisite Lenders, shall have the absolute
and unlimited right to direct each Servicer to commence or settle any legal action with respect to any Defaulted Receivable, Delinquent
Receivable or to foreclose upon or repossess any Related Security to the extent not in contravention of the related Contracts or 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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Borrower shall cause each Servicer to, in accordance with the applicable Servicing Agreement and Purchase and Sale Agreement, hold in
trust for the Borrower and the Administrative Agent and each other Secured Party all Records in its possession that (i)&#8239;evidence
or relate to the Receivables, the related Contracts and Related Security or (ii)&#8239;are otherwise necessary or desirable to collect
the Purchased Receivables and shall cause each Servicer, following the occurrence and during the continuance of an Amortization Event,
as soon as practicable upon demand of the Administrative Agent (acting at the direction of the Requisite Lenders), deliver or make available
to the Administrative Agent (for distribution to the Lenders) all such Records, at a place selected by 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"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Any
payment by an Obligor in respect of any Purchased Receivable owed by it to an Originator, the U.S. Intermediate Transferor or the Borrower
shall be applied to the applicable invoice within 15 days after its receipt, unless sufficient information from the related Obligor is
not available, in which case such application shall be made as soon as reasonably practicable.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">Section&#8239;6.3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Transaction
Accounts</U>. Each U.S. Originator has granted to the Borrower for the benefit of the Collateral Agent and the Secured Parties &ldquo;control&rdquo;
(within the meaning of the UCC) over each of its U.S. Collection Accounts and Facility 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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    <!-- 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: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;6.4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Notice
of Exclusive Control</U>. The Collateral Agent (acting at the direction of the Requisite Lenders) is authorized to date and to deliver
to each Collection Bank a Notice of Exclusive Control after the occurrence and during the continuance of an Amortization Event. Each of
the Borrower and Investment Manager hereby authorizes the Collateral Agent, and agrees that the Collateral Agent (acting at the direction
of the Requisite Lenders) shall be entitled, (a)&#8239;at any time during the Dominion Period, to endorse the applicable Trinseo Party&rsquo;s
name on checks and other instruments representing Collections, (b)&#8239;at any time after an Amortization Event hereunder has occurred
and is continuing, to enforce the Purchased Receivables, the related Contracts, the Related Security and other Collateral, and (c)&#8239;at
any time during the Dominion Period, to take such action as shall be necessary or desirable to cause all cash, checks and other instruments
constituting Collections of Pool Receivables to come into the possession of the Collateral Agent rather than any of the Trinseo Parties
or any other Affiliates of the Parent Guarantor.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">Section&#8239;6.5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Responsibilities
under Contracts</U>. Anything herein to the contrary notwithstanding, the exercise by the Administrative Agent and the other Secured Parties
of their rights hereunder shall not release the Investment Manager, any Originator, the Servicers, the U.S. Intermediate Transferor or
the Borrower from any of their duties or obligations with respect to any Pool Receivables or under the related Contracts. The Administrative
Agent and the other Secured Parties shall have no obligation or liability with respect to any Pool Receivables or related Contracts, nor
shall any of them be obligated to perform the obligations of the Borrower, the U.S. Intermediate Transferor or any Originator.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">Section&#8239;6.6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Servicing
Fees</U>. The Borrower shall pay each Servicer the servicing fees as set forth in each Servicing Agreement as and when required thereby,
but subject to the priorities set forth in <U>Section&#8239;2.1</U> and <U>2.2</U> 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: center"><B>ARTICLE&#8239;VII.</B></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"><FONT STYLE="text-transform: uppercase"><B>AMORTIZATION
EVENTS</B></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: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;7.1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Amortization
Events</U>. The occurrence of any one or more of the following events shall constitute an &ldquo;<B><I>Amortization Event</I></B>&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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Borrower shall fail to (i)&#8239;pay any Aggregate Revolving Principal when due or (ii)&#8239;any Interest on the Aggregate Revolving Principal,
any Shortfall Interest, any Unused Facility Fees or any Fees within three Business Days after the date such Shortfall Interest,&#8239;Interest,
Unused Facility Fees or Fee is due; 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Any
Trinseo Party shall fail to pay any other obligation (other than one referred to in <U>clause (a)</U>&#8239;above) payable by it pursuant
to this Agreement or any of the other Transaction Documents within three Business Days after written notice to the Borrower and Investment
Manager by the Administrative Agent that such amount is due; 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Any
representation or warranty made by the Borrower or any Trinseo Party under this Agreement or any of the other Transaction Documents or
any written statement made by any Trinseo Party or the Borrower in any financial statement, certificate, report, exhibit or document furnished
by such party to the Administrative Agent or any Lender pursuant to this Agreement or the other Transaction Documents shall prove to have
been false in any material respect as of the time made and such false representation, warranty or certification (if curable, including
by the repurchase of any Receivable in accordance with the applicable Purchase and Sale Agreement) shall remain incorrect for a period
of seven Business Days; 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"></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"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>(i)&#8239;The
Investment Manager or the Borrower shall default in the performance or observance of any covenant, agreement or duty set forth in (A)&#8239;<U>Sections
5.1(f)(iv)</U>, <U>5.1(k)(i)</U>&#8239;or <U>5.1(m)</U>&#8239;and such default shall continue for a period of three Business Days or (B)&#8239;<U>Sections
5.1(n)</U>, <U>5.1(s)</U>, <U>5.1(u)</U>, <U>5.1(y)</U>&#8239;or <U>5.2</U> of this Agreement or (ii)&#8239;the applicable Originator or
the U.S. Intermediate Transferor, as applicable, shall default in the performance or observance of any covenant, agreement or duty set
forth in (A)&#8239;<U>Section&#8239;4.3(g)</U>&#8239;or <U>(i)</U>&#8239;of the U.S. Purchase and Sale Agreement, (B)&#8239;<U>Section&#8239;4.3(g)</U>&#8239;or
<U>(i)</U>&#8239;of the U.S. Intermediate Transfer Agreement, (C)&#8239;<U>Section&#8239;4.3(g)</U>&#8239;or <U>(h)</U>&#8239;of the German
Purchase and Sale Agreement, (D)&#8239;<U>Section&#8239;4.3(h)</U>&#8239;or <U>(i)</U>&#8239;of the Swiss Purchase and Sale Agreement, (E)&#8239;<U>Section&#8239;4.3(h)</U>&#8239;or
<U>(i)</U>&#8239;of the Dutch Purchase and Sale Agreement (Swiss Law) or (F)&#8239;<U>Section&#8239;4.3(h)</U>&#8239;or <U>(i)</U>&#8239;of
the Dutch Purchase and Sale Agreement (New York 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"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Investment Manager or the Borrower shall default in the performance or observance of any covenant, agreement or duty set forth <U>Section&#8239;5.1(g)(ii)</U>&#8239;of
this Agreement; <B><I>provided</I></B> that if the underlying default does not result in a material adverse impact to the Lenders&rsquo;
enforcement rights with respect to the Collateral, no Amortization Event shall occur if the underlying default is cured within the time
period permitted under 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Borrower or any Trinseo Party shall default in the performance or observance of any other covenant, agreement or duty under this Agreement
or any other Transaction Document (not constituting an Amortization Event under any other provision of this <U>Section&#8239;7.1</U>) and
such default shall continue for a period of 30 consecutive days after the earlier of the date on which a Responsible Officer of the Investment
Manager or Borrower becomes aware of such default or written notice thereof shall have been given to the Borrower and Investment Manager
by the Administrative Agent; 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>One
or more final judgments for the payment of money in excess of $95,000,000 (to the extent not covered by independent third-party insurance
as to which the insurer has been notified of such judgment or order and has not denied coverage thereof) shall have been entered against
the Borrower or a Trinseo Party and shall remain undischarged or unstayed for a period of 60 consecutive days, it being understood that
any Court order approving the transactions in the Restructuring Support Agreement shall not be deemed to breach this provision; 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Borrower shall be required to register as an &ldquo;investment company&rdquo; within the meaning of the Investment Company Act; 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Any
Insolvency Proceeding shall be instituted by or against the Borrower or the U.S. Intermediate Transferor, or any Insolvency Proceeding
(other than the Chapter 11 Cases or any other Insolvency Proceeding contemplated by the Restructuring Support Agreement or reasonably
necessary or desirable to consummate the transactions in the Restructuring Support Agreement) shall be instituted by or against any of
the Trinseo Parties; <B><I>provided that</I></B> the commencement and continuation of the Chapter 11 Cases by the Debtors shall not, in
and of itself, constitute an Amortization Event under this clause (i); 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"></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"><FONT STYLE="font-size: 10pt">(j)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>This
Agreement shall terminate in whole or in part (except in accordance with its terms), or shall cease to be effective or to be the legally
valid, binding and enforceable obligation of the Borrower or the Investment Manager; 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(k)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Any
Purchase and Sale Agreement or Servicing Agreement shall terminate as to any Originator or Servicer (or the U.S. Intermediate Transfer
Agreement shall terminate as to the U.S. Intermediate Transferor) without the prior written consent of the Requisite Lenders, or shall
cease to be effective or to be the legally valid, binding and enforceable obligation of any party thereto; 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(l)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Collateral Agent for the benefit of the Secured Parties shall cease to have a valid and perfected first priority Security Interest in
any material portion of the Pool Receivables, the Related Security or Collections with respect thereto, or any Collection Account (or
the Borrower, a Trinseo Party or a creditor shall so allege in any pleading filed in any court); or</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(m)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Borrower and its assigns shall cease to have a valid and perfected first priority ownership interest and Security Interest in any material
portion of the Pool Receivables, together with the Collections and, to the extent set forth in each applicable Purchase and Sale Agreement
and U.S. Intermediate Transfer Agreement, the Related Security with respect thereto or any of the other Collateral, free and clear of
any Adverse Claim (other than Permitted 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(n)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>(i)&#8239;The
Parent Guarantor or any of its Subsidiaries individually or in the aggregate, shall fail to make any payment when due (whether by scheduled
maturity, required prepayment, acceleration, demand, or otherwise) in respect of any DIP Credit Agreement or any DIP Facility, in each
case beyond the applicable grace period with respect thereto if any; or (ii)&#8239;the Parent Guarantor or any of its Subsidiaries shall
fail to observe or perform any other agreement or condition relating to any such Material Indebtedness or contained in any instrument
or agreement evidencing, securing or relating thereto (other than any such failure arising as a result of the commencement of the Chapter
11 Cases or any stay or injunction imposed thereby), including under any DIP Credit Agreement or any DIP Facility, or any other event
occurs (x)&#8239;and such event described in this <U>clause (ii)</U>&#8239;continues for a period of 30 consecutive days or (y)&#8239;if
earlier, the effect of which default or other event described in this <U>clause (ii)</U>&#8239;is to cause such Material Indebtedness to
become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease
or redeem such Indebtedness to be made, prior to its stated maturity;</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(o)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[Reserved];
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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(p)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Any
Control Agreement is terminated for any reason, and the Borrower, the U.S. Intermediate Transferor or the applicable Originator and Servicer
fails to enter into a new control agreement pertaining to the applicable Transaction Accounts, in form and substance reasonably satisfactory
to the Requisite Lenders within 10 Business Days of such termination (or such longer date as the Administrative Agent agrees acting at
the direction of the Requisite Lenders in their reasonable discretion); 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"></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"><FONT STYLE="font-size: 10pt">(q)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Any
Originator, the U.S. Intermediate Transferor or the Borrower enters into or is party to a Competing Transaction; 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(r)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Any
Originator disputes, in any manner, the validity or efficacy of any sale and purchase of a Receivable under any Purchase and Sale Agreement
or the U.S. Intermediate Transfer 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(s)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>There
shall occur a Servicer Default; 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(t)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Days Sales Outstanding exceeds 48 days; 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(u)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>(i)&#8239;Any
of the Chapter 11 Cases shall be dismissed or converted to a case under chapter 7 of the Bankruptcy Code, or (ii)&#8239;a trustee under
chapter 11 of the Bankruptcy Code or an examiner with enlarged powers (beyond those set forth in Section&#8239;1106(a)(3)&#8239;and (4)&#8239;of
the Bankruptcy Code) relating to the operation of the business of the Debtors in the Chapter 11 Cases shall be appointed, in each case,
without the prior written consent of the Administrative Agent and the Requisite Lenders; 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>An
order of the Bankruptcy Court shall be entered in any of the Chapter 11 Cases staying, reversing, vacating, amending, supplementing or
otherwise modifying any of the Facility Orders, or any Debtor shall apply for authority to do so, in each case without the prior written
consent of the Administrative Agent and the Requisite Lenders; 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(w)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Any
Debtor or any of its Affiliates shall file a pleading seeking or consenting to any of the matters described in clauses (y)&#8239;or (z)&#8239;of
this Section&#8239;7.1 without prior written consent of the Administrative Agent and the Requisite Lenders; 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(x)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Any
Debtor or any of its Affiliates shall seek or support (in any such case by way of any motion or other pleading filed with the Bankruptcy
Court), or support any other Person&rsquo;s opposition to, any motion made in the Bankruptcy Court by the Administrative Agent or any
other Secured Party seeking confirmation of the validity, priority or extent of the liens, claims, or other interests of the Administrative
Agent, the Collateral Agent, or any Lender granted pursuant to the Facility Order or any Transaction 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(y)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Any
Debtor or any of its Affiliates files any motion or proceeding to approve a DIP Facility that is not an Eligible DIP Facility without
providing at least three (3)&#8239;Business Days&rsquo; prior written notice thereof (or as much notice as is reasonably practicable) (including
a copy of such motion or proceeding and the proposed form of DIP Order and DIP Credit Agreement) to the Administrative Agent and each
Lender; 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(z)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>An
order of the Bankruptcy Court shall be entered approving a DIP Facility, or any Debtor or any of its Affiliates shall enter into a DIP
Facility, that, in each case, is not an Eligible DIP Facility, without prior written consent of the Administrative Agent and the Requisite
Lenders; 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(aa)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Any
Debtor or any of its Affiliates shall enter into, or consent to the entry of, any amendment, restatement, supplement, modification, or
waiver of the DIP Credit Agreement or the DIP Order that (1)&#8239;causes the DIP Facility to cease to be an Eligible DIP Facility or (2)&#8239;is
not substantially consistent with the DIP Credit Agreement and DIP Order as originally approved by the Bankruptcy Court, in each case
without the prior written consent of the Administrative Agent and the Requisite Lenders; 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"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(bb)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
maturity date of the DIP Facility shall have occurred (whether by scheduled maturity, acceleration, or otherwise), other than in connection
with the Debtors&rsquo; emergence from chapter 11; 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(cc)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Any
Debtor or any of its Affiliates files any motion or proceeding that could reasonably be expected to result in a material impairment of
the Administrative Agent&rsquo;s, the Collateral Agent&rsquo;s, or any Lender&rsquo;s rights under the Transaction Documents or any Facility
Order; or a final determination by the Bankruptcy Court (or any other court of competent jurisdiction) with respect to any motion or proceeding
brought by any other Person that results in any material impairment of the Administrative Agent&rsquo;s, the Collateral Agent&rsquo;s
or any Lender&rsquo;s rights under the Transaction Documents or any Facility Order, unless such motion or other proceeding is in connection
with the enforcement of the Transaction Documents or the Facility Orders against the Administrative Agent, the Collateral Agent or any
Lender; 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(dd)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>An
order of the Bankruptcy Court (or any other court of competent jurisdiction) shall be entered granting relief from the automatic stay
with respect to any Purchased Receivable, any Collection Account, any other Collateral, any assets of the Borrower, any assets of the
U.S. Intermediate Transferor, or any equity interests in the U.S. Intermediate Transferor, in each case so as to allow any Person to proceed
against any of the foregoing (or the proceeds thereof) without the prior written consent of the Administrative Agent and the Requisite
Lenders; 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(ee)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
existence of any Adverse Claim (other than Permitted Liens or any lien, claim, or interest in favor of the Collateral Agent or any other
Secured Party or as provided pursuant to a DIP Order for an Eligible DIP Facility or the Eligible DIP Documents) on any Purchased Receivable,
any Collection Account, any other Collateral, any assets of the Borrower or any assets of the U.S. Intermediate Transferor; 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(ff)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Any
Debtor or any of its Affiliates makes any payment for a prepetition claim after the commencement of the Chapter 11 Cases, other than (i)&#8239;as
permitted by order of the Bankruptcy Court or (ii)&#8239;as requested in the &ldquo;first day&rdquo; motions filed by the Debtors and subsequently
authorized by the orders in the Chapter 11 Cases approving such motions; 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(gg)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Final Order shall not have been entered by the Bankruptcy Court within 40 days following the Filing Date (or such later date as the Administrative
Agent and the Requisite Lenders may agree in writing (email to suffice)); or, from and after the date of entry thereof, the Interim Order
or the Final Order shall cease to be in full force and effect (or shall have been vacated, stayed, reversed, modified or amended), in
each case without the prior written consent of the Administrative Agent and the Requisite Lenders; 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(hh)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Any
Debtor or any of its Affiliates shall fail to comply, in any material respect, with the terms of any Facility Order to the extent applicable
to such Person; 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"></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"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
filing, proposal, or support by any Debtor or any of its Affiliates of any plan of reorganization or liquidation that does not provide
for (1)&#8239;the indefeasible payment in full in cash of all Securitization Facility Obligations (other than contingent indemnification
obligations not yet due and payable as of the effective date of such plan) upon the effective date of such plan or (2)&#8239;the Securitization
Facility Obligations rolling into the Exit Securitization Facility contemplated by the Restructuring Support 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(jj)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
entry of an order confirming a plan of reorganization or liquidation in any of the Chapter 11 Cases that does not, by its terms, provide
for (i)&#8239;the indefeasible payment in full in cash of all Borrower Obligations on or prior to the effective date of such plan or (ii)&#8239;the
conversion, refinancing, or amendment and extension of the facility evidenced by this Agreement into an exit facility on terms and conditions
satisfactory to the Administrative Agent and each Lender (each in its sole discretion); 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(kk)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
entry of an order by the Bankruptcy Court authorizing recovery by any Person from any Purchased Receivable, Collection Account, other
Collateral or any asset of the Borrower or the U.S. Intermediate Transferor for any costs of preservation or disposition thereof under
Section&#8239;506(c)&#8239;of the Bankruptcy Code, or the filing by any Debtor or any of its Affiliates of any motion seeking such an order;
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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(ll)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Any
Debtor, the Borrower or the U.S. Intermediate Transferor shall be enjoined, restrained or in any way prevented by an order of a court
of competent jurisdiction (other than an order of the Bankruptcy Court approved in writing by the Administrative Agent and the Requisite
Lenders) from continuing to conduct all or any material part of its business or affairs; 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(mm)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Any
motion is filed that seeks the substantive consolidation of the Borrower or the U.S. Intermediate Transferor with any Debtor or any Affiliate
of any Debtor; 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(nn)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Any
Case Milestone shall fail to be satisfied on or before the date required therefor or, with respect to any of the foregoing timelines,
any such later date as consented to in writing by the Company Parties (as defined in the Restructuring Support Agreement) and the Supporting
Creditors (as defined in the Restructuring Support 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(oo)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Restructuring Support Agreement as in effect on the date hereof shall have been terminated by any party thereto at any time; <B><I>provided</I></B>
that this provision shall not apply if the Supporting Creditors still hold at least 66.7% of each of the Super HoldCo 1L Claims and the
RCF Claims and at least 50.1% of the OpCo 2028 Term Loan Claims under the Restructuring Support 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: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;7.2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Remedies</U>.
Upon the occurrence and during the continuation of an Amortization Event, the Administrative Agent or Collateral Agent may, or at the
direction of the Requisite Lenders shall take any of the following actions: (i)&#8239;upon notice to the Borrower, declare the Amortization
Date to have occurred, whereupon the Revolving Commitments shall terminate, Advances shall cease and the Amortization Date shall forthwith
occur, and the Borrower Obligations (including all accrued and unpaid interest (including Shortfall Interest)) shall immediately become
forthwith due and payable, without demand, protest or further notice of any kind, all of which are hereby expressly waived by the Borrower;
<B><I>provided</I></B>, <B><I>however</I></B>, that upon the occurrence of an Amortization Event described in <U>Section&#8239;7.1(i)</U>&#8239;with
respect to the Borrower or the U.S. Intermediate Transferor, the Amortization Date shall automatically occur, the Revolving Commitments
shall automatically terminate and the Borrower Obligations (including all accrued and unpaid interest (including Shortfall interest))
shall immediately become forthwith due and payable, without demand, protest or any notice of any kind, all of which are hereby expressly
waived by the Borrower, (ii)&#8239;deliver the Notices of Exclusive Control, (iii)&#8239;notify Obligors of the Collateral Agent&rsquo;s
and Lenders&rsquo; interest in the Pool Receivables and other Collateral and (iv)&#8239;notify Obligors of the Borrower&rsquo;s interest
in the Pool Receivables and other Collateral and exercise all rights available to it under the Transaction Documents. The aforementioned
rights and remedies shall be without limitation, and shall be in addition to all other rights and remedies of the Administrative Agent,
Collateral Agent and the Lenders otherwise available under any other provision of this Agreement, by operation of law, at equity or otherwise,
all of which are hereby expressly preserved, including, without limitation, all rights and remedies provided under the UCC, all of which
rights shall be cumulative. For the avoidance of doubt, the occurrence of the Amortization Date shall result in the termination of the
Advances under this Agreement, and, although it may change the rate of Interest and the handling and application of Collections pursuant
to <U>Article&#8239;II</U>, it shall not accelerate or permit the Administrative Agent or any Lender to accelerate, the due date for any
amount payable under any Pool Receivable or under the Transaction 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;7.3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Application
of Proceeds</U>. During the continuance of an Amortization Event, the Administrative Agent (acting at the direction of the Requisite Lenders)
may apply any and all payments received, all funds from time to time on deposit in a Collection Account or the Facility Account, and all
proceeds received by the Administrative Agent or the Lenders in respect of any Borrower Obligations, in accordance with <U>Section&#8239;2.2(a)</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"><B>ARTICLE&#8239;VIII.</B></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"><FONT STYLE="text-transform: uppercase"><B>INDEMNIFICATION</B></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: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;8.1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Indemnities
by Borrower</U>. (a)&#8239;Without limiting any other rights that the Administrative Agent, the Collateral Agent or any of the Lenders
may have hereunder or under applicable Law, the Borrower hereby agrees to indemnify (and pay upon demand to) the Administrative Agent,
the Collateral Agent, the Lenders and their respective successors, permitted assigns, officers, directors, agents and employees (each
of the foregoing, an &ldquo;<B><I>Indemnified Party</I></B>&rdquo;) from and against any and all damages, losses, claims, liabilities,
fees, reasonable and documented costs and expenses and for all other amounts payable (including without limitation any fees or reasonable
and documented expenses (including out-of-pocket attorneys&rsquo; fees and expenses and court costs) incurred by any Indemnified Party
in enforcing the indemnity), including reasonable and documented fees and disbursements of (w)&#8239;one firm of legal counsel to the Lenders,
taken as a whole, (x)&#8239;one firm of legal counsel to the Administrative Agent and the Collateral Agent, (y)&#8239;where reasonably required
by the Lenders, Administrative Agent or the Collateral Agent, one firm of local counsel in each applicable jurisdiction and (z)&#8239;in
the case of an actual or perceived conflict of interest, another firm of legal counsel (and of local counsel) in each relevant jurisdiction
for each affected Indemnified Party (all of the foregoing being collectively referred to as &ldquo;<B><I>Indemnified Amounts</I></B>&rdquo;)
asserted against or incurred by any of them arising out of or as a result of this Agreement, the other Transaction Documents, any agreement
or instrument contemplated hereby or thereby, the performance by the parties of their respective obligations hereunder or thereunder,
the enforcement or protection of its rights, the acquisition, either directly or indirectly, by the Administrative Agent, the Collateral
Agent or any Lender of an interest in the Pool Receivables or any actual or prospective claim, litigation, investigation or proceeding
relating to any of the foregoing, whether based on contract, tort or any other theory and regardless of whether an Indemnified Party is
a party thereto excluding, however, in all of the foregoing instances (the following exclusions, the &ldquo;<B><I>Indemnification Exclusions</I></B>&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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Indemnified
Amounts to the extent a final judgment of a court of competent jurisdiction determines that such Indemnified Amounts have resulted from
gross negligence, bad faith, fraud or wilful misconduct on the part of such Indemnified Party seeking indemnification (but any Indemnified
Party shall be entitled to indemnification of all amounts incurred prior to any such determination; <B><I>provided </I></B>that the Indemnified
Party shall be required to return such amounts upon 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"></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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>recourse
for Receivables which are not collected, not paid or uncollectible on account of the insolvency, bankruptcy or financial inability to
pay of the applicable Obligor;</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Indemnified
Amounts to the extent resulting from a material breach by the Indemnified Party in respect of its obligations under any Transaction 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Indemnified
Amounts to the extent that such Indemnified Amounts resulted from disputes between or among Indemnified Parties not involving the Borrower
or any Trinseo 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"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Indemnified
Amounts representing any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other
Transaction Document or arising out of its activities in connection herewith or therewith other than in respect of any such special, punitive,
indirect or consequential damages incurred or paid by an Indemnified Party to a third party and to which such Indemnified Party is otherwise
entitled to indemnification pursuant to this <U>Section&#8239;8.1</U>; 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Taxes
(which shall be governed by <U>Sections 8.3</U> and <U>8.5</U>) other than (i)&#8239;any Taxes that represent losses, claims, damages or
other liabilities arising from any non-Tax claim and (ii)&#8239;Taxes enumerated in clause (j)&#8239;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"><FONT STYLE="font-size: 10pt"><B><I>provided</I></B></FONT>,
<B><I>however</I></B>, that nothing contained in this sentence shall limit the liability of the Borrower or limit the recourse of the
Administrative Agent, the Collateral Agent or the Lenders to the Borrower for amounts otherwise specifically provided to be paid by the
Borrower under the terms of the Transaction Documents. For the avoidance of doubt, to the extent that any Purchase and Sale Agreement,
Servicing Agreement or the U.S. Intermediate Transfer Agreement or another agreement imposes any obligation on an Originator or the U.S.
Intermediate Transferor with respect to any Indemnified Amount, such Indemnified Amount shall not include any losses in respect of Pool
Receivables that are uncollectible on account of the insolvency, bankruptcy or lack of creditworthiness or other financial or credit condition
of the related Obligor.</P>

<P STYLE="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: 0.5in">Without limiting the generality
of the foregoing indemnification, the Borrower shall indemnify the Indemnified Parties for Indemnified Amounts (including, without limitation,
losses in respect of uncollectible Pool Receivables, regardless of whether reimbursement therefor would constitute recourse to the Borrower)
to the extent relating to or resulting from:</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>any
representation or warranty made by the Borrower (or if applicable, any Trinseo Party) (or any officers of any such Person) under or in
connection with this Agreement, any other Transaction Document or any other information or report delivered by any such Person pursuant
hereto or thereto, which shall have been false, incorrect or misleading when made or deemed made, and such false representation, warranty
or certification (if curable, including the repurchase of any Receivable in accordance with the applicable Purchase and Sale Agreement)
shall remain incorrect for a period of 15 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>(A)&#8239;the
failure by any Trinseo Party to comply with any applicable Law with respect to any Pool Receivable or Contract related thereto, (B)&#8239;the
nonconformity of any Pool Receivable or Contract related thereto with any such applicable Law or (C)&#8239;any failure of any Originator
to keep or perform any of its obligations, express or implied, with respect to any Contract;</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>any
failure of any Trinseo Party to perform its duties, covenants or other obligations in accordance with the provisions of any Transaction
Document to which it is party that is related to Pool Receivables or to timely and fully comply with the Credit and Collection Policy
with regards to each Pool Receivable;</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>any
environmental liability, products liability, personal injury or damage suit, or other similar claim arising out of or in connection with
goods, insurance or services that are the subject of any Contract or any Pool Receivable;</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>any
dispute, claim, offset or defense (other than discharge in bankruptcy of the Obligor) of the Obligor to the payment of any Pool Receivable
(including, without limitation, a defense based on such Pool Receivable or the related Contract not being a legal, valid and binding obligation
of such Obligor enforceable against it in accordance with its terms, except as such enforcement may be limited by applicable bankruptcy,
insolvency, reorganization or other similar laws relating to or limiting creditors&rsquo; rights generally and by general principles of
equity (regardless of whether enforcement is sought in a proceeding in equity or at law)) or any other claim resulting from the sale of
the goods or service related to such Receivable or the furnishing or failure to furnish such goods or 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
commingling of Collections of Pool Receivables at any time with other funds;</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>any
claim brought by any Person arising from any activity by any Trinseo Party in servicing, administering or collecting any Pool Receivable;</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>any
failure of the Borrower to acquire and maintain legal and equitable title to, and ownership of any Pool Receivable and the Related Security
and Collections with respect thereto from any Originator or the U.S. Intermediate Transferor, as applicable, free and clear of any Adverse
Claim, or any failure of the Borrower to give reasonably equivalent value to the applicable Originator under the Purchase and Sale Agreement
or the U.S. Intermediate Transferor under the U.S. Intermediate Transfer Agreement or, in each case, any attempt by any Person to void
such sale or contribution under statutory provisions or common law or equitable action;</P>

<P STYLE="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"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>any
failure to vest and maintain vested in the Collateral Agent (for the benefit of the Secured Parties) a valid and perfected first priority
perfected Security Interest in the Collateral, free and clear of any Adverse Claim;</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(j)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
failure by any Trinseo Party to pay when due any Taxes, including, without limitation, sales, excise or personal property Taxes;</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(k)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>any
action or omission by any Trinseo Party which reduces or impairs the rights of the Collateral Agent or the Lenders with respect to any
Collateral or the value of any Collateral (other than at the direction of the Collateral Agent or any Lender and except as contemplated
by the Transaction 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(l)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
failure of any Receivable included in the calculation of the Borrowing Base as an Eligible Receivable to be an Eligible Receivable at
the time so included.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(m)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>For
the avoidance of doubt but without limiting any of the Borrower&rsquo;s express obligations (including indemnification obligations) under
any Transaction Document to which it is a party, there shall be no recourse to any Trinseo Party (other than the Borrower) for the Borrower&rsquo;s
indemnification obligations hereunder other than to the extent expressly provided for in this Agreement or in any other Transaction 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;8.2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Indemnities
by the Investment Manager</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Without
limiting any other rights that the Administrative Agent, the Collateral Agent or any Lender may have hereunder or under applicable law,
the Investment Manager hereby agrees to indemnify (and pay upon demand to) each Indemnified Party from and against any and all damages,
losses, claims, liabilities, fees, reasonable costs and expenses and for all other amounts payable (including without limitation any fees
or expenses (including out-of-pocket attorneys&rsquo; fees and expenses and court costs) incurred by any Indemnified Party in enforcing
the indemnity), including reasonable and documented fees and disbursements of (x)&#8239;one firm of legal counsel to the Lenders, taken
as a whole, (y)&#8239;one firm of legal counsel to the Administrative Agent and the Collateral Agent and (z)&#8239;where reasonably required
by the Lenders, Administrative Agent or the Collateral Agent, one firm of local counsel in each applicable jurisdiction (all of the foregoing
being collectively referred to as &ldquo;<B><I>Investment Manager Indemnified Amounts</I></B>&rdquo;) asserted against or incurred by
any of them arising out of or as a result of the Investment Manager&rsquo;s failure to duly and punctually perform its obligations under
this Agreement <B><I>excluding</I></B>, <B><I>however</I></B>, in all of the foregoing instances (the following exclusions, the &ldquo;<B><I>Investment
Manager Indemnification Exclusions</I></B>&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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Investment
Manager Indemnified Amounts to the extent a final judgment of a court of competent jurisdiction holds that such Investment Manager Indemnified
Amounts resulted from gross negligence, bad faith or willful misconduct on the part of an Indemnified Party seeking indemnification (but
any Indemnified Party shall be entitled to indemnification of all amounts incurred prior to any such determination; <B><I>provided</I></B>
that the Indemnified Party shall be required to return such amounts upon 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"></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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Investment
Manager Indemnified Amounts to the extent the same includes losses in respect of Receivables that are uncollectible on account of the
insolvency, bankruptcy or lack of creditworthiness or other financial or credit condition of the related Obligor;</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>recourse
for Receivables which are not collected, not paid or uncollectible on account of the insolvency, bankruptcy or financial inability to
pay of the applicable Obligor;</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Investment
Manager Indemnified Amounts to the extent resulting from a material breach by the Indemnified Party in respect of its obligations under
any Transaction 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Investment
Manager Indemnified Amounts to the extent that such Investment Manager Indemnified Amounts resulted from disputes between or among Indemnified
Parties not involving the Investment Manager or any Trinseo 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"><FONT STYLE="font-size: 10pt">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Investment
Manager Indemnified Amounts representing any liability for any special, punitive, indirect or consequential damages relating to this Agreement
or any other Transaction Document or arising out of its activities in connection herewith or therewith other than in respect of any such
special, punitive, indirect or consequential damages incurred or paid by an Indemnified Party to a third party and to which such Indemnified
Party is otherwise entitled to indemnification pursuant to this <U>Section&#8239;8.1</U>; 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Taxes
(other than (i)&#8239;any Taxes that represent losses, claims, damages or other liabilities arising from any non-Tax claim and (ii)&#8239;Taxes
enumerated in clause (v)&#8239;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"><FONT STYLE="font-size: 10pt"><B><I>provided</I></B></FONT>,
<B><I>however</I></B>, that nothing contained in this sentence shall limit the liability of the Investment Manager or limit the recourse
of the Administrative Agent, the Collateral Agent or the Lenders to the Investment Manager for Collections received by the Investment
Manager and required to be remitted by it under the terms of this Agreement. Without limiting the generality of the foregoing indemnification,
the Investment Manager shall indemnify the Indemnified Parties for Investment Manager Indemnified Amounts to the extent relating to or
resulting from, subject to the Investment Manager Indemnification Exclusions:</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>any
representation or warranty made by the Investment Manager (or any officers of the Investment Manager) under or in connection with this
Agreement, any other Transaction Document or any other information or report delivered by any such Person pursuant hereto or thereto,
which shall have been false, incorrect or misleading when made or deemed made, subject to any grace or cure periods applicable thereto,
other than any incorrect representation or warranty made by a U.S. Originator or U.S. Intermediate Transferor that has been remedied pursuant
to Section&#8239;7.1(a)&#8239;of the U.S. Purchase and Sale Agreement and Section&#8239;7.1(a)&#8239;of the U.S. Transfer 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 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
failure by the Investment Manager to comply with any applicable Law with respect to the collection of any Pool Receivable or Related Security;</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>any
failure of the Investment Manager to perform its duties, covenants or other obligations in accordance with the provisions of this Agreement
or any other Transaction 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 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
commingling of Collections of Receivables or funds or other assets arising therefrom at any time with other funds; 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>any
liability of the Borrower under <U>Section&#8239;8.5</U> to the extent such liability arises out of or as a result of any action by the
Investment Manager or any of its Affiliates that causes the Borrower to erroneously make any payment, deduction or withholding with respect
to any Tax to any Person other than a 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; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;8.3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Increased
Cost and Reduced Return</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>If
after the Restatement Date, the Administrative Agent, the Collateral Agent or any Lender shall be charged any fee, expense or increased
cost on account of the introduction of or any change after the date hereof in applicable law or in the interpretation of any applicable
Law by any Governmental Authority (a &ldquo;Regulatory Change&rdquo;): (a)&#8239;that subjects the Administrative Agent, the Collateral
Agent or any Lender to any Taxes, other than Indemnified Taxes, Taxes described in clauses (b)&#8239;through (d)&#8239;of the definition
of &ldquo;Excluded Taxes&rdquo; and Connection Income Taxes, on its loans, loan principal, letter of credit commitments or other obligations,
or its deposits, reserves, other liabilities or capital attributable thereto, (b)&#8239;that imposes, modifies or deems applicable any
reserve, assessment, liquidity requirement, compulsory loan, insurance or other insurance-related charge, special deposit or similar requirement
against assets of, deposits with or for the account of the Administrative Agent, the Collateral Agent or a Lender, or credit extended
or any commitments to extend credit by the Administrative Agent, the Collateral Agent or any Lender pursuant to this Agreement or any
other Transaction Document, or (c)&#8239;that imposes any other condition (other than Taxes) the result of which is to increase the cost
to the Administrative Agent, the Collateral Agent or any Lender of performing its obligations under the Transaction Documents, or to reduce
the rate of return on the Administrative Agent&rsquo;s, the Collateral Agent&rsquo;s or any Lender&rsquo;s capital as a consequence of
its obligations under the Transaction Documents, or to reduce the amount of any sum received or receivable by the Administrative Agent,
the Collateral Agent or any Lender under any Transaction Document to a level below that which such Administrative Agent, the Collateral
Agent or Lender could have achieved but for such Regulatory Change or to require any payment calculated by reference to the amount of
interests in Collateral, then, upon demand by the Administrative Agent, the Collateral Agent or such Lender, the Borrower, shall pay to
the Administrative Agent, the Collateral Agent or such Lender such amounts as are charged to such Person amounts as may otherwise be necessary
to compensate such Person for such increased cost or such reduction; provided that notwithstanding anything herein to the contrary, (x)&#8239;the
Dodd-Frank Wall Street Reform and Consumer Protection Act adopted on July&#8239;21, 2010 and all requests, rules, guidelines or directives
thereunder and (y)&#8239;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 regulatory authorities, in each case pursuant
to Basel III, shall in each case be deemed to be a &ldquo;Regulatory Change&rdquo;, regardless of the date enacted, adopted or issued.
For the avoidance of doubt, payments under this <U>Section&#8239;8.3</U> in respect of increased Taxes shall be without duplication of
any Taxes payable pursuant to <U>Section&#8239;8.5</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"></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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>If
a Lender requests compensation under this Section&#8239;8.3, then such Lender will, if requested by the Borrower or Investment Manager
and at the Borrower&rsquo;s expense, use commercially reasonable efforts to designate another office of such Lender as the place for the
booking and funding of such Lender&rsquo;s Revolving Commitment and Advances hereunder; provided that such efforts would not, in the good
faith judgment of such Lender, be inconsistent with the internal policies of, or otherwise be materially disadvantageous in any legal,
economic or regulatory respect to 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Administrative Agent, the Collateral Agent or any Lender claiming compensation under this Section&#8239;8.3 shall deliver a certificate
to the Borrower and Investment Manager contemporaneously with the demand for payment, setting forth in reasonable detail a calculation
of the additional amount or amounts to be paid to it hereunder which shall be conclusive in the absence of manifest error. In determining
such amount, the Administrative Agent, the Collateral Agent or such Lender may use any reasonable averaging and attribution methods.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>With
respect to any claim for compensation under this <U>Section&#8239;8.3</U>, the Borrower shall not be required to compensate such Lender,
the Collateral Agent or the Administrative Agent for any amount incurred more than 270 days prior to the date that such Lender, the Collateral
Agent or the Administrative Agent notifies the Borrower and Investment Manager of the event that gives rise to such claim; <B><I>provided</I></B>
that, if the circumstance giving rise to such claim is retroactive, then such 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">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Any
demand for compensation made by any Lender, the Administrative Agent or the Collateral Agent pursuant to this Section&#8239;8.3 shall be
made only to the extent such Lender, the Administrative Agent or the Collateral Agent (each in its capacity as such) is making similar
demand with respect to its similarly situated commercial borrowers under comparable credit facilities.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">Section&#8239;8.4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Other
Costs and Expenses</U>. The Borrower shall pay (a)&#8239;all reasonable and documented out-of-pocket expenses incurred by the Administrative
Agent, the Collateral Agent and the Lenders (including the reasonable and documented fees, charges and disbursements of counsel for the
Administrative Agent and the Collateral Agent and of counsel for the Lenders), in connection with the preparation, negotiation, execution,
delivery and administration of this Agreement and the other Transaction Documents (including amounts incurred by the Administrative Agent
or the Collateral Agent in connection with certificates, searches and reports ordered by the Administrative Agent or the Collateral Agent
with respect to the Trinseo Parties during the term of this Agreement) or any amendments, modifications or waivers of the provisions hereof
or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) and (b)&#8239;all reasonable and documented
out-of-pocket expenses incurred by the Administrative Agent, the Collateral Agent or any Lender in connection with the enforcement or
protection of its rights in connection with this Agreement and the other Transaction Documents, including its rights under this <U>Section&#8239;8.4;</U>
<B><I>provided </I></B>that, in each case of the foregoing, fees of legal counsel shall be limited to the fees, charges and disbursements
of (x)&#8239;one primary outside counsel to the Administrative Agent and the Collateral Agent, (y)&#8239;one primary outside counsel to
the Lenders (taken as a whole) and (z)&#8239;if necessary, one local counsel for the Administrative Agent and the Collateral Agent and
the Lenders (taken as a whole) in each relevant jurisdiction and one regulatory counsel for the Administrative Agent, the Collateral Agent
and the Lenders (taken as a whole) and, in the event of any actual or potential conflict of interest, one additional counsel for each
group of similarly situated Lenders or Agents subject to such conflict).</P>

<P STYLE="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"><FONT STYLE="font-size: 10pt">Section&#8239;8.5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Taxes</U>.
(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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Any
and all payments by or on account of any obligation of the Borrower under any Transaction 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
the Administrative Agent or the Investment Manager) requires the deduction or withholding of any Tax from any such payment by the Borrower
(or the Administrative Agent or the Investment Manager on its behalf), then the Borrower (or the Administrative Agent or the Investment
Manager, as the case may be) 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 Borrower (or the Investment Manager, as the case may be) 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 <U>Section&#8239;8.5</U>)
the applicable Recipient receives an amount equal to the sum it would have received had no such deduction or withholding been made.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>A
payment shall not be increased under <U>Section&#8239;8.5(a)(i)</U>&#8239;above in respect of a deduction or withholding on account of Tax
imposed by Ireland 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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(A)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>on
the date on which the payment falls due, the payment could have been made to the relevant Lender without any such deduction or withholding
if the Lender had been an Irish Qualifying Lender, but on that date that Lender is not or has ceased to be an Irish Qualifying Lender
other than as a result of any change after the date it became a Lender under this Agreement in (or in the interpretation, administration,
or application of) any law or Irish Treaty or any published practice or published concession of any relevant taxing authority; 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; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(B)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
relevant Lender is an Irish Treaty Lender and the Borrower is able to demonstrate that the payment could have been made to the Lender
without the Tax Deduction had that Lender complied with its obligations under <U>Section&#8239;8.5(i)</U>&#8239;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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Without
duplication of other amounts payable by the Borrower (or the Investment Manager) under this Section, the Borrower (or the Investment Manager,
on its behalf) shall timely pay to the relevant Governmental Authority in accordance with applicable Law, or at the written request of
the applicable Recipient timely reimburse it for the payment of, any Other Taxes.</P>

<P STYLE="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"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Borrower shall indemnify each Recipient, on the first Settlement Date which is at least ten (10)&#8239;days after demand therefor, for
the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under
this <U>Section&#8239;8.5</U> (save for any payment falling within <U>Section&#8239;8.5(a)(ii)</U>)) payable or paid by such Recipient or
required to be withheld or deducted from a payment to such Recipient and any reasonable and documented out-of-pocket 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 delivered to the Investment Manager (with a copy to the Administrative Agent) as to the amount to
be paid to a Recipient shall be conclusive in the absence of 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Each
Recipient agrees that it will use reasonable efforts to reduce or eliminate any claim for indemnity pursuant to this <U>Section&#8239;8.5</U>,
including, subject to applicable Law, a change in the funding office of such Recipient; <B><I>provided</I></B>, <B><I>however</I></B>,
that nothing contained herein shall obligate any Recipient to take any action that imposes on such Recipient any additional unreimbursed
costs or imposes material legal or regulatory burdens, or that would otherwise be disadvantageous to such Recipient. The Borrower hereby
agrees to pay all reasonable costs and expenses incurred by a Recipient in connection with any such action.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>As
soon as practicable after any payment of Taxes by the Borrower to a Governmental Authority pursuant to this <U>Section&#8239;8.5</U>, the
Borrower (or the Investment Manager on its behalf) 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">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>If
any Recipient determines, in good faith, that it has received a refund of any Taxes as to which it has been indemnified pursuant to this
<U>Section&#8239;8.5</U> (including by the payment of additional amounts pursuant to this <U>Section&#8239;8.5</U>), it shall pay to the
Borrower an amount equal to such refund (but only to the extent of indemnity payments made under this Section&#8239;with respect to the
Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of such Recipient and without interest (other than
any interest paid by the relevant Governmental Authority with respect to such refund). The Borrower (or the Investment Manager, on its
behalf), upon the request of such Recipient, shall repay to such Recipient the amount paid over pursuant to this <U>clause (f)</U>&#8239;(plus
any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event that such Recipient is required
to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this <U>clause (f)</U>, in no event will
the Recipient be required to pay any amount to the Borrower pursuant to this <U>clause (f)</U>&#8239;the payment of which would place the
Recipient in a less favorable net after-Tax position than the Recipient 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 <U>clause (f)</U>&#8239;shall not be construed to require any Recipient to make available its Tax
returns (or any other information relating to its Taxes that it deems confidential) to the Borrower, the Investment Manager or any other
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"></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"><FONT STYLE="font-size: 10pt">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Each
Lender shall deliver to the Investment Manager and the Administrative Agent, on or prior to the date on which such Lender becomes a party
under this Agreement and as otherwise prescribed by applicable Law or reasonably requested by the Investment Manager or the Administrative
Agent, such valid, properly completed and duly executed forms, certificates and documentation, along with any applicable attachments prescribed
by applicable Law or reasonably requested by the Borrower, the Investment Manager or the Administrative Agent as will permit such payments
to be made without or at a reduced rate of withholding and as will enable the Investment Manager or the Administrative Agent to determine
whether or not such Lender is subject to backup withholding or information reporting requirements. Each Lender agrees that if any form
or certification it previously delivered expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification
or promptly notify the Borrower,&#8239;Investment Manager and Administrative Agent, in writing of its legal inability to do so. Each Lender
shall replace or update such forms when necessary to maintain any applicable exemption and as requested by the Administrative Agent or
the Investment Manager, as applicable. Notwithstanding anything to the contrary in this clause (g), the completion, execution and submission
of such documentation shall not be required if in such 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. Each Lender agrees to indemnify the Administrative Agent for and hold the Administrative Agent harmless from (i)&#8239;any Indemnified
Taxes attributable to such Lender (but only to the extent that the Borrower has not already indemnified the Administrative Agent for such
Indemnified Taxes and without limiting the obligation of the Borrower to do so), (ii)&#8239;any Taxes relating to payments by the Borrower
to such Lender or such indemnitee arising from such Lender&rsquo;s failure to comply with <U>Section&#8239;8.5(g)</U>&#8239;or with the
provisions of <U>Section&#8239;10.7(a)</U>&#8239;relating to the maintenance of a Participant Register and (iii)&#8239;any Excluded Taxes
attributable to such Lender, in each case that are payable or paid by the Administrative Agent in connection with any Transaction Document,
together with any reasonable expenses arising therefrom or with respect thereto, regardless of whether or not such Taxes were correctly
or legally imposed or asserted by the relevant Governmental Authority. Any notice claiming indemnification under this <U>Section&#8239;8.5(g)</U>&#8239;shall
set forth in reasonable detail the additional amount or amounts to be paid to it hereunder and shall be conclusive in the absence of manifest
error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender
hereunder or otherwise payable by the Administrative Agent to such Lender from any other source against any amount due to the Administrative
Agent under this <U>Section&#8239;8.5(g)</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>If
a payment made to the Administrative Agent or any Lender hereunder would be subject to U.S. federal withholding Tax imposed by FATCA if
such payee were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section&#8239;1471(b)&#8239;or
1472(b)&#8239;of the Code, as applicable), such payee shall deliver to the Investment Manager and the Administrative Agent at the time
or times prescribed by Law and at such time or times reasonably requested by the Investment Manager or the Administrative Agent, such
documentation prescribed by applicable Law (including as prescribed by Section&#8239;1471(b)(3)(C)(i)&#8239;of the Code) and such additional
documentation reasonably requested by the Investment Manager or the Administrative Agent as may be necessary for the Borrower to comply
with its obligations under FATCA and to determine that such payee has complied with such payee&rsquo;s obligations under FATCA or to determine
the amount to deduct and withhold from such payment. Solely for purposes of this <U>clause (h)</U>, the term &ldquo;<B><I>FATCA</I></B>&rdquo;
shall include any amendments made to FATCA after the date 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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>A
Lender which is an Irish Treaty Lender and the Borrower which makes a payment to which that Irish Treaty Lender is entitled shall co-operate
in completing any procedural formalities necessary for the Borrower to make that payment without a withholding or deduction on account
of Tax imposed by Ireland.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(j)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Each
Lender confirms that, as of the date of this Agreement, it is an Irish Qualifying 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(k)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Each
Lender which becomes a Lender after the date of this Agreement shall indicate, in the documentation which it executes on becoming a party
as a Lender, which of the following categories it falls in:</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>not
an Irish Qualifying 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>an
Irish Qualifying Lender (other than an Irish Treaty Lender); 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>an
Irish Treaty 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 1.5in; text-align: justify">If such a Lender fails to indicate its
status in accordance with this <U>Section&#8239;8.5(k)</U>&#8239;then that Lender shall be treated for the purposes of this Agreement (including
by the Borrower) as if it is not an Irish Qualifying Lender until such time as it notifies the Borrower which category applies. For the
avoidance of doubt, the documentation which a Lender executes on becoming a Party as a Lender shall not be invalidated by any failure
of a Lender to comply with this <U>Section&#8239;8.5(k)</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(l)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Each
Lender shall promptly notify the Borrower and the Investment Manager if it ceases to be an Irish Qualifying 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(m)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Upon
request from the Borrower or the Investment Manager, each Lender shall promptly provide such information as shall be requested to enable
the Borrower to comply with the provisions of sections 891A, 891E, 891F and 891G of the Irish Taxes Act (or any regulations made in respect
of or in connection with such sections).</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(n)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Each
party&rsquo;s obligations under this <U>Section&#8239;8.5</U> shall survive the resignation or replacement of the Administrative Agent
or any assignment of rights by, or the replacement of, a Lender, the termination of the Revolving Commitments and the repayment, satisfaction
or discharge of all obligations under any Transaction 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(o)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Notwithstanding
any provision of this Agreement to the contrary (including this <U>Section&#8239;8.5</U>), the Borrower shall not be required to make a
tax gross up, a tax indemnity payment or an increased interest payment under this Agreement to a specific Lender or Participant (but,
for the avoidance of doubt, shall remain required to make a tax gross up, a tax indemnity payment, or an increased interest payment to
all other Lenders) in respect of Swiss Withholding Tax due on interest payments under this Agreement as a direct result of such Lender
or Participant:</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>making
an incorrect declaration of its status as to whether or not it is a Swiss Qualifying Lender or a single Swiss Non-Qualifying 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"></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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>breaching
the restrictions regarding transfers, assignments, participations, sub-participation and exposure transfers set forth in <U>Section&#8239;10.1</U>;
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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>ceasing
to be a Swiss Qualifying Lender (if it had been a Swiss Qualifying Lender) as a result of any reason attributable to such Lender or Participant.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(p)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>For
certain payments made pursuant to this Agreement, the Administrative Agent may be required to make a &ldquo;reportable payment&rdquo;
or &ldquo;withholdable payment&rdquo; and in such cases the Administrative Agent shall have the duty to act as a payor or withholding
agent, respectively, that is responsible for any tax withholding and reporting required under Chapters 3, 4, and 61 of the Code. The Administrative
Agent shall have the sole right to make the determination as to which payments are &ldquo;reportable payments&rdquo; or &ldquo;withholdable
payments&rdquo;. All parties to this Agreement shall provide and executed IRS Form&#8239;W-9 or appropriate IRS Form&#8239;W-8 (or, in each
case, any successor form) to the Administrative Agent prior to closing, and shall promptly update any such form to the extent such form
expires or becomes inaccurate in any respect because of a change in circumstances. The Administrative Agent shall have the right to request
from any party to this Agreement, or any other Person entitled to payment hereunder, any additional forms, documentation or other information
as may be reasonably necessary for the Trustee to satisfy its reporting and withholding obligations under the Code. To the extent any
such forms to be delivered under this <U>clause (p)</U>&#8239;are not provided prior to or by the time the related payment is required
to be made or are determined by the Administrative Agent to be incomplete and/or inaccurate in any respect, the Administrative Agent shall
be entitled to withhold on any such payments hereunder to the extent withholding is required under Chapters 3, 4, or 61 of the Code, and
shall have no obligation to gross up any such payments.</P>

<P STYLE="font: 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>ARTICLE&#8239;IX.</B></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"><FONT STYLE="text-transform: uppercase"><B>THE
AGENTS</B></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: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;9.1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Appointment</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Each
Lender hereby irrevocably designates and appoints GLAS USA LLC as Administrative Agent hereunder, and GLAS AMERICAS LLC as Collateral
Agent hereunder, and authorizes each of the Administrative Agent and Collateral Agent to take such action on its behalf and to exercise
such powers and perform such duties as are expressly delegated to the Administrative Agent or Collateral Agent, as the case may be, by
the terms of the Transaction Documents to which the Administrative Agent or Collateral Agent is a party. The Lenders hereby authorize,
empower and direct each of the Administrative Agent and Collateral Agent to execute and deliver on their behalf the Transaction Documents
and all related agreements, documents or instruments as shall be necessary or appropriate as determined by the Lenders in good faith and
in the forms presented to the Administrative Agent or Collateral Agent, as the case may be, as of the date hereof in order to effectuate
the purposes of the Transaction Documents and any such other related agreements, documents and instruments. Each of the Lenders hereby
acknowledges that it has received a copy of the Transaction Documents and agrees that it will be bound by and will take no actions contrary
to the provisions of the Transaction Documents to the extent then in effect. Notwithstanding any provision to the contrary elsewhere in
the Transaction Documents, neither the Administrative Agent nor the Collateral Agent shall have (i)&#8239;any duties or responsibilities,
except those expressly set forth herein, or (ii)&#8239;any fiduciary relationship with any Person, and no implied covenants, functions,
responsibilities, duties, obligations or liabilities on the part of the Administrative Agent or Collateral Agent shall be read into the
Transaction Documents or otherwise exist against the Administrative Agent or Collateral Agent. Without limiting the generality of the
foregoing, the use of the term &ldquo;agent&rdquo; herein and in the other Transaction Documents with reference to the Administrative
Agent or Collateral Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine
of any applicable law. Instead, such term is used merely as a matter of market custom, and is intended to create or reflect only an administrative
relationship between independent contracting parties. The permissive authorizations, entitlements, powers and rights granted to the Administrative
Agent and Collateral Agent in the Transaction Documents shall not be construed as duties.</P>

<P STYLE="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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>In
performing its functions and duties hereunder, each of the Administrative Agent and Collateral Agent shall act solely as the Administrative
Agent or Collateral Agent, as the case may be, of the Lenders and does not assume nor shall be deemed to have assumed any obligation or
relationship of trust or agency with or for any of the Trinseo Parties or any of their respective 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Lenders party hereto hereby direct each of the Administrative Agent and the Collateral Agent to execute and deliver the Transaction Documents
to which it was a party on the Restatement Date. It is hereby expressly acknowledged and agreed that, in taking the foregoing actions,
neither the Administrative Agent nor the Collateral Agent is responsible for the terms or contents of such agreements, or for the validity
or enforceability thereof, or the sufficiency thereof for any purpose. Whether or not so expressly stated therein, in entering into, or
taking (or forbearing from) any action under or pursuant to, the Transaction Documents, each of the Administrative Agent and Collateral
Agent shall have all of the rights, immunities, indemnities and other protections granted to it under this Agreement (in addition to those
that may be granted to it under the terms of such other agreement or agreements).</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Administrative Agent hereby represents and warrants that it is a &ldquo;U.S. person&rdquo; and a &ldquo;financial institution&rdquo; and
that it will comply with any &ldquo;obligation to withhold,&rdquo; each within the meaning of Treasury Regulations Section&#8239;1.1441-1(b)(2)(ii).</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Without
limiting any other rights of the Collateral Agent under this Agreement or any other Transaction Document, in relation to Swiss 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 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Collateral Agent holds (A)&#8239;any Security Interest constituted by such Swiss Collateral Document (but only in relation to an assignment
or any other non-accessory (<I>nicht akzessorische</I>) Security Interest), (B)&#8239;the benefit of this paragraph (i)&#8239;and (C)&#8239;any
proceeds of such Security Interest, as indirect representative (<I>treuh&auml;nderisch</I>) in its own name but for the account of all
relevant Secured Parties which have the benefit of such Security Interest in accordance with this Agreement and the respective Swiss 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"></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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>each
present and future Secured Party hereby authorizes the Collateral Agent, acting for itself and in the name and for the account of such
Secured Party as its direct representative (<I>direkter Stellvertreter</I>) (A)&#8239;to accept any Swiss law pledge or any other Swiss
law accessory (<I>akzessorische</I>) Security Interest made or expressed to be made to such Secured Party in relation to the Swiss Collateral
Documents, to hold, administer and, if necessary, enforce any such Security Interest on behalf of each relevant Secured Party which has
the benefit of such Security Interest, (B)&#8239;to agree to amendments and alterations to any Swiss Collateral Document which creates
a pledge or any other Swiss law accessory (<I>akzessorische</I>) Security Interest, (C)&#8239;to effect any release of a Security Interest
created under a Swiss Collateral Document in accordance with this Agreement and (D)&#8239;to exercise such other rights granted to such
Secured Party and/or the Collateral Agent hereunder or under the relevant Swiss 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; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;9.2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Delegation
of Duties</U>. The Administrative Agent and the Collateral Agent may execute any of their respective duties under the applicable Transaction
Documents by or through agents or attorneys-in-fact or their respective Affiliates or related parties and shall be entitled to advice
of counsel concerning all matters pertaining to such duties. The exculpatory and indemnification provisions of this <U>Article&#8239;IX</U>
shall apply to any such Affiliate, related party, agent and attorney-in- fact and to their respective Affiliates and related parties,
and shall apply, without limitation, to their activities as the Administrative Agent or Collateral Agent, as the case may be. Neither
the Administrative Agent nor the Collateral Agent shall be responsible for the negligence or misconduct of any agents or attorneys-in-fact
selected by it with reasonable care.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">Section&#8239;9.3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Exculpatory
Provisions</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Neither
the Administrative Agent, the Collateral Agent, nor any of their respective officers, directors, employees, agents, advisors, attorneys-in-fact
or affiliates shall be (i)&#8239;liable for any action taken or omitted to be taken (including the making of (or omitting to make) any
determination, calculations, selection, request or providing any approval or consent or enter into any amendments, modifications or supplements)
by it or any Person under or in connection with this Agreement or any other Transaction Document (except to the extent that any of the
foregoing are found by a final and non-appealable judgment of a court of competent jurisdiction to have resulted from its or such Person&rsquo;s
own gross negligence, bad faith or willful misconduct; <B><I>provided</I></B> that no action taken or not taken in accordance with the
directions of the Requisite Lenders or such other percentage of Lenders as shall be necessary hereunder, as applicable, shall be deemed
to constitute gross negligence, bad faith or willful misconduct) or (ii)&#8239;responsible in any manner to any of the Lenders for (A)&#8239;any
recitals, statements, representations or warranties made by any Trinseo Party or any officer thereof contained in this Agreement or any
other Transaction Document or in any certificate, report, instrument, statement or other document referred to or provided for in, or received
by the Agents or Lenders under or in connection with, this Agreement or any other Transaction Document or the transactions contemplated
herein or therein, (B)&#8239;the value, validity, effectiveness, genuineness, enforceability, execution, collectability or sufficiency
of this Agreement or any other Transaction Document or for any failure of any Trinseo Party party thereto to perform its obligations hereunder
or thereunder, (C)&#8239;the satisfaction of any condition specified in <U>Article&#8239;IV</U>, except receipt of items required to be
delivered to the Administrative Agent, as applicable, (D)&#8239;the financial condition or business affairs of any Trinseo Party or any
other Person liable for the payment of any Borrower Obligations or (E)&#8239;the attachment, creation or perfection of the Liens granted
or purported to be granted in the Collateral pursuant hereto or the continuation or amendment of any financing statements filed to perfect
the Liens in the applicable Collateral (other than to the extent expressly directed by the Requisite Lenders in accordance with this Agreement
and the other Transaction 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Neither
the Administrative Agent nor the Collateral Agent shall (a)&#8239;be subject to any fiduciary or other implied duties, regardless of whether
an Amortization Event or Potential Amortization Event has occurred or is continuing, or a Facility Termination Date has occurred, or (b)&#8239;have
any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated
hereby or by the other Transaction Documents that the Administrative Agent or Collateral Agent is required to exercise as directed in
writing by the Requisite Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the
other Transaction Documents), <B><I>provided</I></B> that neither the Administrative Agent nor the Collateral Agent shall be required
to take any action that, in its opinion or the opinion of its counsel, may expose such Agent to liability or that is contrary to any Transaction
Document or Requirement of Law. Each of the Administrative Agent and Collateral Agent shall be entitled to refrain from taking any discretionary
action unless and until it shall have received instructions from the Requisite Lenders, and neither the Administrative Agent nor the Collateral
Agent shall incur any liability to any Person by reason of so refraining and if, in performing its duties under this Agreement, the Administrative
Agent or Collateral Agent is required to decide between alternative courses of action or has received conflicting directions or any other
directions from Requisite Lenders, which instructions may be given in email or other writing as requested by the Administrative Agent
or Collateral Agent, as the case may be, each of the Administrative Agent and Collateral Agent may refrain from taking any action until
it receives instructions from the Requisite Lenders.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Agents shall not be under any obligation to any Lender (i)&#8239;to ascertain or to inquire as to the observance or performance of any
of the agreements, terms, covenants or provisions contained in, or conditions of, this Agreement or any other Transaction Document, (ii)&#8239;to
inspect the properties, books or records of any Trinseo Party, (iii)&#8239;to ascertain or to inquire as to the use of the proceeds of
the Advances, (iv)&#8239;to ascertain or to inquire as to the existence or possible existence of any Amortization Event, Potential Amortization
Event or Facility Termination Date, (v)&#8239;to ascertain or to inquire as to any statement, warranty or representation made in or in
connection with this Agreement or any other Transaction Document, (vi)&#8239;to ascertain or to inquire as to the contents of any certificate,
report or other document delivered hereunder or under any Transaction Documents or in connection herewith or therewith, (vii)&#8239;to
ascertain or to inquire as to the validity, enforceability, effectiveness or genuineness of this Agreement, any other Transaction Document
or any other agreement, instrument or document, or the creation, perfection or priority of any Lien purported to be created under this
Agreement, (viii)&#8239;to ascertain or to inquire as to the value or the sufficiency of any Collateral, (ix)&#8239;to ascertain or to inquire
as to the satisfaction of any condition set forth in <U>Article&#8239;IV</U> or elsewhere herein, other than to confirm receipt of items
expressly required to be delivered to the Administrative Agent or the Collateral Agent or (x)&#8239;to ascertain or inquire as to whether
any prospective assignee is an Affiliate of a Lender, or (xi)&#8239;to make any disclosures with respect to the foregoing or otherwise
relating to any Trinseo Party unless expressly required herein. The only obligation of the Administrative Agent or Collateral Agent with
respect to any notice, certificate, report or other document delivered to it is to deliver a copy of the same to the Lenders. Neither
the Administrative Agent nor the Collateral Agent shall have any liability or responsibility to review the contents of any such notice,
certificate, report or other document or to take action in connection therewith absent a direction of the Requisite Lenders in accordance
with this Agreement. It is expressly agreed and acknowledged that neither the Administrative Agent nor the Collateral Agent is guaranteeing
performance of the obligations of the Trinseo Parties or other parties hereto or any parties to the Collateral. Anything contained herein
to the contrary notwithstanding, neither the Administrative Agent nor the Collateral Agent shall have any liability arising from confirmations
of the amount of outstanding Advances or the component amounts thereof. Additionally, neither the Administrative Agent nor the Collateral
Agent shall have any liability with respect to or arising out of any assignment or participation of Advances, or disclosure of confidential
information to any potential Lender in the absence of such Agent&rsquo;s gross negligence, bad faith or willful misconduct. For the avoidance
of doubt, neither the Administrative Agent nor the Collateral Agent shall be obligated to calculate or confirm the calculations of any
Unused Facility Fee, or any covenants set forth herein or the other Transaction Documents or in any of the financial statements of the
Trinseo 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
powers conferred on the Administrative Agent and the Collateral Agent under the Transaction Documents are solely to protect each of the
Administrative Agent&rsquo;s and Collateral Agent&rsquo;s interest in the Collateral, shall not impose any duty upon it to exercise any
such powers and are subject to the provisions of this Agreement. The Administrative Agent and Collateral Agent shall be accountable only
for amounts that it actually receives as a result of the exercise of such powers. The Collateral Agent&rsquo;s sole duty with respect
to the custody, safekeeping and physical preservation of any Collateral in its possession, under the UCC or otherwise, shall be to deal
with it in the same manner as the Collateral Agent deals with similar property for its own account. The Collateral Agent shall have no
responsibility for taking any necessary steps to protect, preserve or exercise rights against any Person with respect to any of the Collateral
and shall be relieved of all responsibility for the Collateral upon surrendering it to the Borrower. The Collateral Agent shall not be
required to take any action to protect against any diminution in value 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Notwithstanding
any provision of this Agreement or the other Transaction Documents to the contrary, neither the Administrative Agent nor the Collateral
Agent shall be required to (i)&#8239;make or give any determination (including whether a matter is satisfactory to the Administrative Agent
or Collateral Agent, or whether to deem a matter necessary, desirable, proper or advisable), agreement, consent, approval, request, notice,
consultation, designation, appointment, election, judgment or direction, (ii)&#8239;file, record or prepare any UCC financing or continuation
statements or similar documents or instruments in any jurisdiction for purposes of creating, perfecting or maintaining any Lien or security
interest, (iii)&#8239;make any inspection or (iv)&#8239;release or sell Collateral or otherwise exercise any rights or remedies of a secured
party (including voting rights), in each case, without the written direction of the Requisite Lenders. For the avoidance of doubt, the
Collateral Agent shall not be responsible to the Lenders for the perfection of any Lien or for the filing, form, content or renewal of
any UCC financing statements, fixture filings, mortgages, deeds of trust and such other documents or instruments, <B><I>provided</I></B>,
<B><I>however</I></B>, that if instructed by the Requisite Lenders and at the expense of the Borrower, the Collateral Agent shall arrange
for the filing and continuation, of financing statements or other filing or recording documents or instruments (collectively, the &ldquo;<B><I>Financing
Statements</I></B>&rdquo;) for the perfection of security interests in the Collateral; <B><I>provided</I></B>, that, the Collateral Agent
shall not be responsible for the preparation, form, content, sufficiency or adequacy of any such Financing Statements, all of which shall
be provided in writing to the Collateral Agent by the Requisite Lenders including the jurisdictions and filing offices where the Collateral
Agent is required to file such Financing Statements.</P>

<P STYLE="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"><FONT STYLE="font-size: 10pt">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Notwithstanding
any provision of this Agreement or the other Transaction Documents to the contrary, before taking or omitting any action to be taken or
omitted by the Administrative Agent or Collateral Agent under the terms of this Agreement and the other Transaction Documents, each of
the Administrative Agent and Collateral Agent may seek the written direction of the Requisite Lenders (which written direction may be
in the form of an e-mail), and each of the Administrative Agent and Collateral Agent shall be entitled to rely (and shall be fully protected
in so relying) upon such direction. Neither the Administrative Agent nor the Collateral Agent shall be liable with respect to any action
taken or omitted to be taken by it in accordance with such direction. If either the Administrative Agent or Collateral Agent shall request
such direction with respect to any action, such Agent shall be entitled to refrain from such action unless and until the Administrative
Agent or Collateral Agent shall have received such direction, and neither the Administrative Agent nor Collateral Agent shall incur liability
to any Person by reason of so refraining. Any provision of this Agreement or the other Transaction Documents authorizing the Administrative
Agent or Collateral Agent to take any action shall not obligate the Administrative Agent or Collateral Agent to take such action.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>In
no event shall the Collateral Agent have any duty, responsibility, obligation or liability with respect to monitoring the Collateral or
the condition thereof, or with respect to the perfection of any security interest or the maintenance of any perfection or priority.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>In
acting under the Transaction Documents to which it is a party, each of the Administrative Agent and Collateral Agent shall be entitled
to all of the rights, protections, immunities and indemnities 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Neither
the Administrative Agent nor the Collateral Agent shall be required to use, risk or advance its own funds or otherwise incur financial
liability in the performance of any of its duties or the exercise of any of its rights and powers hereunder or under the other Transaction
Documents (including, but not limited to, no obligation to grant any credit extension or to make any advance hereunder). Before acting
hereunder, the Administrative Agent and Collateral Agent shall be entitled to request, receive and rely upon such certificates and opinions
as it may reasonably determine are appropriate with respect to the satisfaction of any specified circumstances or conditions precedent
to such action. Neither the Administrative Agent nor the Collateral Agent shall be responsible for delays or failures in performance resulting
from acts beyond its control. Such acts shall include but not be limited to acts of God, strikes, lockouts, riots, acts of war, epidemics
or pandemics, government-mandated closures, governmental regulations superimposed after the fact, fire, communication line failures, computer
viruses, power failures, earthquakes, terrorist attacks or other disasters. In no event shall the Administrative Agent or the Collateral
Agent be liable, directly or indirectly, for any special, indirect, punitive or consequential damages, even if such Agent has been advised
of the possibility of such damages and regardless of the form of action.</P>

<P STYLE="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"><FONT STYLE="font-size: 10pt">(j)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Each
of the Administrative Agent and Collateral Agent shall be fully justified in failing or refusing to take any action under any Transaction
Document unless it shall first receive such advice or concurrence of the Requisite Lenders (and shall not be liable for any loss or expense
that arises as a result of its failure to act while awaiting such advice or concurrence) and, if it so requests, it shall first be indemnified
to its satisfaction by the Lenders against any and all liability and expense which may be incurred by it by reason of taking or continuing
to take any such action.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(k)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Administrative Agent and the Collateral Agent shall be entitled to rely upon advice of counsel concerning legal matters and such advice
shall be full protection and authorization for any action taken by the Administrative Agent or Collateral Agent in good faith thereon.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(l)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Delivery
of reports, documents and other information to the Administrative Agent is for informational purposes only and the Administrative Agent&rsquo;s
receipt of the foregoing shall not constitute constructive knowledge of any event or circumstance or any information contained therein
or determinable from information contained 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(m)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Administrative Agent shall have no responsibility for interest or income on any funds held by it under the Transaction Documents and any
funds so held shall be held uninvested pending distribution 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(n)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Lenders and any transferees or assignees after the Restatement Date will be required to provide to the Administrative Agent or its agents
all information, documentation or certifications reasonably requested by the Administrative Agent to permit the Administrative Agent to
comply with its tax reporting obligations under applicable laws, including any applicable cost basis reporting 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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(o)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Notwithstanding
any other provision of the Transaction Documents and without limiting the generality of the foregoing provisions, neither the Administrative
Agent nor the Collateral Agent shall have any duty, liability or obligation to any party to this Agreement with respect to Receivables
or with respect to the proceeds thereof, other than with respect to the standard of care applicable to the Collateral required under Section&#8239;9.3(d).
The Lenders agree to provide any such direction requested by the Administrative Agent or Collateral Agent within two (2)&#8239;Business
Days of request 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(p)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Neither
the Administrative Agent nor the Collateral Agent shall have any liability for any failure, inability or unwillingness on the part of
any Trinseo Party to provide accurate and complete information on a timely basis to the Administrative Agent, or otherwise on the part
of any such party to comply with the terms of this Agreement, and neither such Agent shall have any liability for any inaccuracy or error
in the performance or observance on the Administrative Agent&rsquo;s or Collateral Agent&rsquo;s part of any of its duties hereunder or
under the other Transaction Documents that is caused by or results from any such inaccurate, incomplete or untimely information received
by it, or other failure on the part of any such other party to comply with 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"></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"><FONT STYLE="font-size: 10pt">(q)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>For
purposes of clarity, phrases such as &ldquo;satisfactory to the Administrative Agent,&rdquo; &ldquo;approved by the Administrative Agent,&rdquo;
 &ldquo;acceptable to the Administrative Agent,&rdquo; &ldquo;as determined by the Administrative Agent,&rdquo; &ldquo;in the Administrative
Agent&rsquo;s discretion,&rdquo; &ldquo;selected by the Administrative Agent,&rdquo; &ldquo;elected by the Administrative Agent,&rdquo;
 &ldquo;requested by the Administrative Agent,&rdquo; and phrases of similar import that authorize and permit the Administrative Agent
to approve, disapprove, determine, act or decline to act in its discretion shall be subject to the Administrative Agent receiving written
direction from the Requisite Lenders, to take such action or to exercise such rights (it being understood that nothing contained in this
Agreement or any other Transaction Document shall impose a duty on the Administrative Agent to make any such determination or take any
action independent of such written direction from the Requisite Lenders). For purposes of clarity, phrases such as &ldquo;satisfactory
to the Collateral Agent,&rdquo; &ldquo;approved by the Collateral Agent,&rdquo; &ldquo;acceptable to the Collateral Agent,&rdquo; &ldquo;as
determined by the Collateral Agent,&rdquo; &ldquo;in the Collateral Agent&rsquo;s discretion,&rdquo; &ldquo;selected by the Collateral
Agent,&rdquo; &ldquo;elected by the Collateral Agent,&rdquo; &ldquo;requested by the Collateral Agent,&rdquo; and phrases of similar import
that authorize and permit the Collateral Agent to approve, disapprove, determine, act or decline to act in its discretion shall be subject
to the Collateral Agent receiving written direction from the Requisite Lenders, to take such action or to exercise such rights (it being
understood that nothing contained in this Agreement or any other Transaction Document shall impose a duty on the Collateral Agent to make
any such determination or take any action independent of such written direction from the Requisite Lenders).</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(r)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Each
of the Administrative Agent and Collateral Agent hereby disclaims any representation or warranty to the Lenders concerning and shall have
no responsibility to Lenders for the existence, priority or perfection of the Liens and security interests granted hereunder or under
any Transaction Document or in the value of any of the Collateral and shall not be responsible or liable to the Lenders for any failure
to monitor or maintain any portion of the Collateral. The Collateral Agent makes no representation as to the value, sufficiency or condition
of the Collateral or any part thereof, as to the title of the Borrower to the Collateral, as to the security afforded by this Agreement
or any other Transaction Document. The Collateral Agent shall not be responsible for insuring the Collateral, for the payment of taxes,
charges, assessments or liens upon the Collateral or otherwise as to the maintenance of the Collateral, except as provided in the immediately
following sentence when the Collateral Agent has possession of the Collateral. The Collateral Agent shall not have any duty to the Lenders
as to any Collateral in its possession or in the possession of someone under its control or in the possession or control of any agent
or nominee of such Collateral Agent or any income thereon or as to the preservation of rights against prior parties or any other rights
pertaining thereto, except the duty to accord such of the Collateral as may be in its possession substantially the same care as it accords
its own assets and the duty to account for monies received by it. The Collateral Agent shall not be under an obligation independently
to request or examine insurance coverage with respect to any Collateral. The Collateral Agent shall not be liable for the acts or omissions
of any bank, depositary bank, custodian, independent counsel of the Borrower or any other party selected by the Administrative Agent,
the Collateral Agent or the Requisite Lenders with reasonable care or selected by any other party hereto that may hold or possess Collateral
or documents related to Collateral and shall not be required to monitor the performance of any such Persons holding 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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    <!-- 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"><FONT STYLE="font-size: 10pt">(s)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Administrative Agent does not warrant or accept responsibility for, and shall not have any liability with respect to (a)&#8239;the continuation
of, administration of, submission of, calculation of or any other matter related to the Term SOFR Reference Rate, Term SOFR, ABR, or any
component definition thereof or rates referred to in the definition thereof, or any alternative, successor or replacement rate thereto
(including any Benchmark Replacement), including whether the composition or characteristics of any such alternative, successor or replacement
rate (including any Benchmark Replacement) will be similar to, or produce the same value or economic equivalence of, or have the same
volume or liquidity as, the Term SOFR Reference Rate, Term SOFR or any other Benchmark prior to its discontinuance or unavailability,
or (b)&#8239;the effect, implementation or composition of any Conforming Changes. The Administrative Agent and its affiliates or other
related entities may engage in transactions unrelated to this Agreement that affect the calculation of the Term SOFR Reference Rate, Term
SOFR, any alternative, successor or replacement rate (including any Benchmark Replacement) or any relevant adjustments thereto, in each
case, in a manner adverse to the Investment Manager or the Borrower. The Administrative Agent may (i)&#8239;select information sources
or services in its reasonable discretion to ascertain the Term SOFR Reference Rate, Term SOFR, Daily Simple SOFR, or any other Benchmark,
Benchmark Replacement or Benchmark Replacement Adjustments, and to make any Conforming Changes, in each case pursuant to the terms of
this Agreement, (ii)&#8239;shall have no liability to the Borrower, any Lender, any Trinseo Party 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 and (iii)&#8239;in making any determination as to the Term SOFR Reference Rate, Term
SOFR, Daily Simple SOFR, or any other Benchmark, Benchmark Replacement or Benchmark Replacement Adjustment, or the making of any Conforming
Changes, shall be entitled to request and rely on direction from the Requisite Lenders prior to ascertaining or making 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"></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: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;9.4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Reliance
by the Agent and the Lenders</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Each
of the Agents and the Lenders shall in all cases be entitled to rely, and shall be fully protected in relying, upon (and shall not be
liable for so relying upon in the absence of bad faith, gross negligence or willful misconduct) any note, writing, resolution, notice,
consent, certificate, affidavit, letter, cablegram, telegram, facsimile, telex or teletype message, statement, electronic transmission,
order or other document or conversation believed by it to be genuine and correct and to have been signed (whether manual, facsimile, .pdf
or other electronic signature), sent or made (or authenticated) by the proper Person or Persons, and shall be entitled to presume the
genuineness and due authority of any signature (whether manual, facsimile, .pdf or other electronic signature) appearing thereon, and
upon advice and statements of legal counsel (including, without limitation, counsel to the Trinseo Parties), independent accountants and
other experts selected by such Agent or such Lender. In determining compliance with any condition hereunder to the making of an Advance,
that by its terms must be fulfilled to the satisfaction of a Lender, the Administrative Agent may presume that such condition is satisfactory
to such Lender unless the Administrative Agent shall have received notice to the contrary from such Lender prior to the making of such
Advance. Each of the Administrative Agent and Collateral Agent may request instructions from the Requisite Lenders (or such number or
percentage of the Lenders as shall be necessary under the circumstances as provided for herein or in the other Transaction Documents)
prior to taking any action or enter into any amendments, modifications or supplements, making any determination (including as to whether
any agreement, document or instrument is in form and substance satisfactory to such Agent), making any calculation (which shall be computed
by the Requisite Lenders), sending any notice, making a selection or request (including failing to make a selection or request), exercising
any voting rights or powers (including failing to exercise any voting rights or powers) or providing any consent or approval (including
failing to provide any consent or approval) in connection with this Agreement or any of the other Transaction Documents and may refrain
(and shall incur no liability from so refraining) from taking or omitting to take any act or making any such determination, calculation,
selection, request, exercising such voting rights or powers or providing such notice, approval or consent or entering into or any amendments,
modifications or supplements until it receives such instruction (or calculation, as applicable) from the Requisite Lenders (or such number
or percentage of the Lenders as shall be necessary under the circumstances as provided for herein or in the other Transaction Documents),
in each case as it reasonably deems appropriate (and until such instructions and indemnity, as applicable, are received, each of the Administrative
Agent and the Collateral Agent may (but shall not be obligated to) act, or refrain from acting, as it deems advisable in good faith in
the interests of the Lenders). Each of the Administrative Agent and Collateral Agent shall in all cases be fully protected in acting,
or in refraining from acting, under this Agreement and the other Transaction Documents in accordance with a request of the Requisite Lenders
(or such number or percentage of the Lenders as shall be necessary under the circumstances as provided for herein or in the other Transaction
Documents), and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders and all future
holders of the Advances. Notwithstanding any other provisions set forth in this Agreement or any other Transaction Documents, each Agent
shall not be required to take any action that is in its opinion contrary to applicable Law (including, for the avoidance of doubt, any
action that may be in violation of the automatic stay under any Debtor Relief Law (or any similar laws)) or that may effect a forfeiture,
modification or termination of property of a Lender in violation of any Debtor Relief Law (or any similar laws) or the terms of any of
the Transaction Documents or that would in its reasonable opinion subject it or any of its officers, employees or directors to personal
liability. Each Lender, by delivering its signature page&#8239;to this Agreement or an Assignment Agreement or funding its Advances, shall
be deemed to have acknowledged receipt of, and consented to and approved, each Transaction Document and each other document required to
be approved by any Agent, the Requisite Lenders or Lenders, as applicable on the Restatement Date or as of, or prior to, the date of funding
such Advance. On any applicable date of determination, upon request, the Administrative Agent shall be required to calculate whether a
particular group of Lenders constitutes the Requisite Lenders. The Administrative Agent shall not be required to remit payments, the proceeds
of Collateral or any other funds to the Lenders or any other Secured Parties herein other than in accordance with the Transaction 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Any
action taken by the Administrative Agent or Collateral Agent in accordance with <U>Section&#8239;9.4(a)</U>&#8239;shall be binding upon
all Lenders.</P>

<P STYLE="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"><FONT STYLE="font-size: 10pt">Section&#8239;9.5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Notice
of Amortization Events</U>. The Agents and the Lenders shall not be deemed to have knowledge or notice of the occurrence of any Amortization
Event or Potential Amortization Event, or the Facility Termination Date, unless such Lender or an officer of such Agent in the corporate
trust department who is responsible for this Agreement, as the case may be, has received written notice from another party referring to
this Agreement, stating that an Amortization Event or Potential Amortization Event has occurred hereunder, or a Facility Termination Date
has occurred, and describing such event. In the event that an Agent or one of the Lenders receives such a notice, it shall promptly give
notice thereof to the other Lenders. The Administrative Agent shall take such action with respect to such Amortization Event or Potential
Amortization Event as shall be directed by the Requisite Lenders (or, if so specified by this Agreement, all Lenders or such number or
percentage of the Lenders as shall be necessary under the circumstances as provided for herein or in the other Transaction Documents);
<B><I>provided</I></B> that unless and until the Administrative Agent shall have received such directions, the Administrative Agent may
(but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Amortization Event, Potential
Amortization Event or Facility Termination Date, as it shall deem advisable in good faith in the interests of the Lenders.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">Section&#8239;9.6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Non-Reliance
on the Agents or Other Lender</U>. Each of the Lenders expressly acknowledges that the Agents, the other Lenders, and the respective officers,
directors, employees, agents, advisors, attorneys-in-fact or affiliates of any of the foregoing has made no representations or warranties
to it and that no act by the Agents or any other Lender hereafter taken, including, without limitation, any review of the affairs of the
Trinseo Parties or any of their Affiliates, shall be deemed to constitute any representation or warranty by any Agent or such other Lender.
Each of the Lenders also represents and warrants to the Agents and the other Lenders that it has, independently and without reliance upon
any such Person (or any of their Affiliates) and based on such documents and information as it has deemed appropriate, made its own appraisal
of, and investigation into, the business, operations, property, prospects, financial and other conditions and creditworthiness of the
Trinseo Parties and their Affiliates and made its own decision to enter into this Agreement. Each of the Lenders also represents that
it will, independently and without reliance upon any of the Agents or the other Lenders, and based on such documents and information as
it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action
under this Agreement, and to make such investigation as it deems necessary to inform itself as to the business, operations, property,
prospects, financial and other condition and creditworthiness of the Trinseo Parties. Except for notices, reports and other documents
expressly required to be furnished to the Lenders by the Administrative Agent, the Agents, the Lenders and the respective Affiliates of
the foregoing, shall have no duty or responsibility to provide any party to this Agreement with any credit or other information concerning
the business, operations, property, prospects, financial and other condition or creditworthiness of the Trinseo Parties which may come
into the possession of such Person or any of its respective officers, directors, managers, employees, agents, advisors, attorneys-in-fact
or affiliates.</P>

<P STYLE="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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;9.7.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Indemnification
of the Agents</U>. The Lenders severally agree to indemnify each Agent and their respective officers, directors, employees, affiliates,
agents, advisors and controlling persons (to the extent not timely reimbursed by the Trinseo Parties and without limiting the obligation
of the Trinseo Parties to do so), ratably in accordance with their respective Percentages, from and against any and all liabilities, obligations,
losses, damages, penalties, actions, judgments, suits, fees, costs, expenses or disbursements of any kind or nature whatsoever that may
at any time be imposed on, incurred by or asserted against such Agent or such Person as a result of, or arising out of, or in any way
related to or by reason of, any of the transactions contemplated hereunder or the execution, delivery or performance of this Agreement,
the other Transaction Documents or any other document furnished in connection herewith or therewith (but excluding any such liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting solely from the gross negligence
or willful misconduct of such Agent or such Person, as the case may be, as finally determined by a court of competent jurisdiction; <B><I>provided</I></B>,
<B><I>however</I></B>, no action taken or not taken in accordance with the directions of the Requisite Lenders or such other percentage
of Lenders as shall be necessary hereunder, as applicable, shall be deemed to constitute gross negligence, bad faith or willful misconduct).
Without limiting the generality of the foregoing, if any amount shall be payable by the Collateral Agent to a Collection Bank under a
Control Agreement, including without limitation any amounts for the fees, expenses or indemnities of a Collection Bank, or if a Collection
Bank shall otherwise make any claim upon the Collateral Agent under such agreement, then each Lender shall be jointly and severally liable
to pay such amount to the Collateral Agent promptly and in any event within five (5)&#8239;days of demand therefor from the Collateral
Agent, and the Collateral Agent shall not be required to demand payment of such amount from the Borrower prior to demanding payment of
such amount from the Lenders. To the extent the Borrower (or the Investment Manager, on behalf of the Borrower) for any reason, fails
to indefeasibly pay any amount required to be paid to the Administrative Agent or the Collateral Agent under <U>Section&#8239;8.1</U>,
<U>Section&#8239;8.2</U> or <U>Section&#8239;8.4</U> of this Agreement, each Lender severally agrees to pay to the Administrative Agent
or the Collateral Agent, as the case may be, such Lender&rsquo;s pro rata share (determined as of the time that the applicable unreimbursed
expense or indemnity payment is sought based on each Lender&rsquo;s share of the Revolving Commitment at such time) of such unpaid amount
(including any such unpaid amount in respect of a claim asserted by such Lender), such payment to be made severally among them based on
such pro rata share.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">Section&#8239;9.8.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Each
Agent in Its Individual Capacity</U>. Each Agent in its individual capacity and the affiliates thereof may make loans to, accept deposits
from and generally engage in any kind of business with the Trinseo Parties and their Affiliates as though such Agent were not an Agent
hereunder. With respect to its Advances, if any, each Agent shall have the same rights and powers under this Agreement as any Lender and
may exercise the same as though it were not an Agent, and the terms &ldquo;Lender&rdquo; and &ldquo;Lenders&rdquo; shall include each
Agent in its individual capacity, 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; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;9.9.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Successor
Administrative Agent; Successor Collateral 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Administrative Agent and Collateral Agent may at any time give no less than thirty (30) days&rsquo; written notice of its resignation
to the Lenders and the Investment Manager. Upon receipt of any such notice of resignation, the Requisite Lenders shall have the right,
with, prior to the occurrence of an Amortization Event, the consent of the Investment Manager, to appoint a successor, which shall be
a bank or trust company with an office in the United States, or an Affiliate of any such bank or trust company with an office in the United
States. If no such successor shall have been so appointed by the Requisite Lenders and shall have accepted such appointment within thirty
(30) days after the retiring Administrative Agent and Collateral Agent gives notice of its resignation (or such earlier day as shall be
agreed by the Lenders) (the &ldquo;<B><I>Resignation Closing Date</I></B>&rdquo;), then the retiring Administrative Agent and Collateral
Agent may (but shall not be obligated to) on behalf of the Lenders, appoint a successor Administrative Agent and Collateral Agent meeting
the qualifications set forth above. If no such successor shall have been so appointed by the Requisite Lenders within sixty (60) days
after the retiring Administrative Agent&rsquo;s and Collateral Agent&rsquo;s giving of notice of resignation, the departing Administrative
Agent and Collateral Agent may, on behalf of the Secured Parties, petition a court of competent jurisdiction to appoint a successor Administrative
Agent and Collateral 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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Upon
resignation or replacement of any Administrative Agent and Collateral Agent in accordance with this <U>Section&#8239;9.9</U>, the retiring
Agent shall execute or authorize the filing of such UCC-3 assignments and amendments, and assignments and amendments of the Transaction
Documents, as may be directed by the Requisite Lenders to give effect to its replacement by a successor Administrative Agent and Collateral
Agent. After any retiring Administrative Agent&rsquo;s and Collateral Agent&rsquo;s resignation hereunder as Administrative Agent and
Collateral Agent, the provisions of <U>Article&#8239;VIII</U> and this <U>Article&#8239;IX</U> shall inure to its benefit as to any actions
taken or omitted to be taken by it while it was Administrative Agent and Collateral Agent under this Agreement.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>If
an Insolvency Proceeding is initiated by or against the Person serving as Administrative Agent or Collateral Agent, or if the Administrative
Agent or Collateral Agent is generally unable to pay its debts as they come due or admits in writing its inability to pay its debts they
become due or makes a general assignment for the benefit of creditors, then the Requisite Lenders may, to the extent permitted by applicable
law, by written notice in writing to the Investment Manager and such Person remove such Person as Administrative Agent or Collateral Agent,
as the case may be, and, in consultation with the Investment Manager, appoint a successor. If no such successor shall have been so appointed
by the Requisite Lenders and shall have accepted such appointment within sixty (60) days after delivery of such notice (or such earlier
day as shall be agreed by the Lenders) (the &ldquo;<B><I>Removal Closing Date</I></B>&rdquo;), then such removal shall nonetheless become
effective in accordance with such notice on the Removal Closing Date and the Requisite Lenders may petition a court of competent jurisdiction
to appoint a successor Administrative Agent and Collateral 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"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>With
effect from the Resignation Closing Date or the Removal Closing Date (as applicable), (1)&#8239;the retiring or removed Administrative
Agent and Collateral Agent shall be discharged from its duties and obligations hereunder and under the other Transaction Documents (except
that in the case of any collateral security held by the Collateral Agent under any of the Transaction Documents, the retiring or removed
Collateral Agent shall continue to hold such collateral security in a custodial capacity only until such time as a successor Collateral
Agent is appointed or such Administrative Agent may deposit such security with a court of competent jurisdiction (at the expense of Lenders))
and (2)&#8239;except for any indemnity payments or other amounts then owed to the retiring or removed Administrative Agent and Collateral
Agent, all payments, communications and determinations to be made by, to or through the Administrative Agent shall instead be made by
or to each Lender directly, until such time, if any, as the Requisite Lenders appoint a successor Administrative Agent as provided for
above. Upon the acceptance of a successor&rsquo;s appointment as Administrative Agent hereunder, such successor shall succeed to and become
vested with all of the rights, powers, privileges and duties of the retiring (or removed) Administrative Agent (other than any rights
to indemnity payments or other amounts owed to the retiring or removed Administrative Agent or Collateral Agent as of the Resignation
Closing Date or the Removal Closing Date, as applicable), and the retiring or removed Administrative Agent and Collateral Agent shall
be discharged from all of their duties and obligations hereunder or under the other Transaction Documents (if not already discharged therefrom
as provided above in this Section). The fees payable by the Borrower to a successor Administrative Agent shall be the same as those payable
to its predecessor unless otherwise agreed between the Borrower and such successor. After the retiring or removed Administrative Agent&rsquo;s
and Collateral Agent&rsquo;s resignation or removal hereunder and under the other Transaction Documents, the provisions of <U>Article&#8239;VIII</U>
and this <U>Article&#8239;IX</U> shall continue in effect for the benefit of such retiring or removed Administrative Agent and Collateral
Agent, their sub agents and their respective officers, directors, managers, employees, agents, advisors, attorneys-in-fact or affiliates
in respect of any actions taken or omitted to be taken by any of them while the retiring or removed Administrative Agent and Collateral
Agent was acting as Administrative Agent or Collateral Agent, 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Any
Person into which the Administrative Agent or Collateral Agent may be merged or converted or with which it may be consolidated, or any
Person resulting from any merger, conversion or consolidation to which the Administrative Agent shall be a party, or any Person succeeding
to the corporate trust services business of the Administrative Agent or Collateral Agent shall be the successor of such Agent hereunder
without the execution or filing of any paper with any party hereto or any further act on the part of any of 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; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;9.10.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>UCC
Filings</U>. Each of the Lenders hereby expressly recognizes and agrees that the Collateral Agent may be designated as the secured party
of record on the various UCC filings required to be made under this Agreement and the party entitled to amend, release and terminate the
UCC filings under each Purchase and Sale Agreement and the U.S. Intermediate Transfer Agreement in order to perfect their respective interests
in the Pool Receivables, Collections and Related Security, that such designation shall be for administrative convenience only in creating
a record or nominee holder to take certain actions hereunder on behalf of the Lenders and that such listing will not affect in any way
the status of the Lenders as the true parties in interest with respect to the Collateral. In addition, such listing shall impose no duties
on the Collateral Agent other than those expressly and specifically undertaken in accordance with this <U>Article&#8239;IX</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: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;9.11.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;9.12.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Erroneous
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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>If
the Administrative Agent notifies a Lender or Secured Party, or any Person who has received funds on behalf of a Lender or Secured Party
such Lender (any such Lender Secured Party or other recipient, a &ldquo;<B><I>Payment Recipient</I></B>&rdquo;) that the Administrative
Agent has determined in its sole discretion (whether or not after receipt of any notice under immediately succeeding clause (b)) that
any funds received by such Payment Recipient from the Administrative Agent or any of its Affiliates were erroneously transmitted to, or
otherwise erroneously or mistakenly received by, such Payment Recipient (whether or not known to such Lender Secured Party or other Payment
Recipient on its behalf) (any such funds, whether received as a payment, prepayment or repayment of principal, interest, fees, distribution
or otherwise, individually and collectively, an &ldquo;<B><I>Erroneous Payment</I></B>&rdquo;) and demands the return of such Erroneous
Payment (or a portion thereof), such Erroneous Payment shall at all times remain the property of the Administrative Agent and shall be
segregated by the Payment Recipient and held in trust for the benefit of the Administrative Agent, and such Lender or Secured Party shall
(or, with respect to any Payment Recipient who received such funds on its behalf, shall cause such Payment Recipient to) promptly, but
in no event later than two (2)&#8239;Business Days thereafter, return to the Administrative Agent the amount of any such Erroneous Payment
(or portion thereof) as to which such a demand was made, in same day funds (in the currency so received), together with interest thereon
in respect of each day from and including the date such Erroneous Payment (or portion thereof) was received by such Payment Recipient
to the date such amount is repaid to the Administrative Agent in same day funds at the greater of the Prime 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. A notice
of the Administrative Agent to any Payment Recipient under this clause (a)&#8239;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"></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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Without
limiting immediately preceding clause (a), each Lender or Secured Party, or any Person who has received funds on behalf of a Lender or
Secured Party such Lender, hereby further agrees that if it receives a payment, prepayment or repayment (whether received as a payment,
prepayment or repayment of principal, interest, fees, distribution or otherwise) 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, prepayment or repayment
sent by the Administrative Agent (or any of its Affiliates) with respect to such payment, prepayment or repayment, (y)&#8239;that was not
preceded or accompanied by a notice of payment, prepayment or repayment sent by the Administrative Agent (or any of its Affiliates), or
(z)&#8239;that such Lender or Secured Party, or other such recipient, otherwise becomes aware was transmitted, or received, in error or
by mistake (in whole or in part) in each case:</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>(A)&#8239;in
the case of immediately preceding <U>clauses (x)</U>&#8239;or <U>(y)</U>, an error shall be presumed to have been made (absent written
confirmation from the Administrative Agent to the contrary) or (B)&#8239;an error has been made (in the case of immediately preceding <U>clause
(z)</U>), in each case, with respect to such payment, prepayment or repayment; 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>such
Lender or Secured Party shall (and shall cause any other recipient that receives funds on its respective behalf to) promptly (and, in
all events, within one Business Day of its knowledge of such error) notify the Administrative Agent of its receipt of such payment, prepayment
or repayment, the details thereof (in reasonable detail) and that it is so notifying the Administrative Agent pursuant to this <U>Section&#8239;9.12(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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Each
Lender or Secured Party hereby authorizes the Administrative Agent to set off, net and apply any and all amounts at any time owing to
such Lender or Secured Party under any Transaction Document, or otherwise payable or distributable by the Administrative Agent to such
Lender or Secured Party from any source, against any amount due to the Administrative Agent under immediately preceding <U>clause (a)</U>&#8239;or
under the indemnification provisions 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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>In
the event that an Erroneous Payment (or portion thereof) is not recovered by the Administrative Agent for any reason, after demand therefor
by the Administrative Agent in accordance with immediately preceding <U>clause (a)</U>, from any Lender that has received such Erroneous
Payment (or portion thereof) (or from any Payment Recipient who received such Erroneous Payment (or portion thereof) on its respective
behalf) (such unrecovered amount, an &ldquo;<B><I>Erroneous Payment Return Deficiency</I></B>&rdquo;), upon the Administrative Agent&rsquo;s
notice to such Lender at any time, (i)&#8239;such Lender shall be deemed to have assigned its Loans (but not its Revolving Commitments)
of the relevant Class&#8239;with respect to which such Erroneous Payment was made (the &ldquo;<B><I>Erroneous Payment Impacted Class</I></B>&rdquo;)
in an amount equal to the Erroneous Payment Return Deficiency (or such lesser amount as the Administrative Agent may specify) (such assignment
of the Advances (but not Revolving Commitments) of the Erroneous Payment Impacted Class, the &ldquo;<B><I>Erroneous Payment Deficiency
Assignment</I></B>&rdquo;) at par plus any accrued and unpaid interest (with the assignment fee to be waived by the Administrative Agent
in such instance), and is hereby (together with the Borrower) deemed to execute and deliver an Assignment and Assumption Agreement with
respect to such Erroneous Payment Deficiency Assignment, and such Lender shall deliver any notes evidencing such Advances to the Borrower
or the Administrative Agent, (ii)&#8239;the Administrative Agent as the assignee Lender shall be deemed to acquire the Erroneous Payment
Deficiency Assignment, (iii)&#8239;upon such deemed acquisition, the Administrative Agent as the assignee Lender shall become a Lender,
as applicable, hereunder with respect to such Erroneous Payment Deficiency Assignment and the assigning Lender shall cease to be a Lender
hereunder with respect to such Erroneous Payment Deficiency Assignment, excluding, for the avoidance of doubt, its obligations under the
indemnification provisions of this Agreement and its applicable Revolving Commitments which shall survive as to such assigning Lender
and (iv)&#8239;the Administrative Agent may reflect in the Register its ownership interest in the Advances subject to the Erroneous Payment
Deficiency Assignment. The Administrative Agent may, in its discretion, sell any Advances acquired pursuant to an Erroneous Payment Deficiency
Assignment and upon receipt of the proceeds of such sale, the Erroneous Payment Return Deficiency owing by the applicable Lender shall
be reduced by the net proceeds of the sale of such Advance (or portion thereof), and the Administrative Agent shall retain all other rights,
remedies and claims against such Lender (or against any recipient that receives funds on its respective behalf). For the avoidance of
doubt, no Erroneous Payment Deficiency Assignment will reduce the Revolving Commitments of any Lender and such Revolving Commitments shall
remain available in accordance with the terms of this Agreement. In addition, each party hereto agrees that, except to the extent that
the Administrative Agent has sold an Advance (or portion thereof) acquired pursuant to an Erroneous Payment Deficiency Assignment, and
irrespective of whether the Administrative Agent may be equitably subrogated, the Administrative Agent shall be contractually subrogated
to all the rights and interests of the applicable Lender or Secured Party under the Transaction Documents with respect to each Erroneous
Payment Return Deficiency (the &ldquo;<B><I>Erroneous Payment Subrogation Rights</I></B>&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"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
parties hereto agree that an Erroneous Payment shall not pay, prepay, repay, discharge or otherwise satisfy any Obligations owed by the
Borrower or any other Trinseo Party, except, in each case, to the extent such Erroneous Payment is, and solely with respect to the amount
of such Erroneous Payment that is, comprised of funds received by the Administrative Agent from the Borrower or any other Trinseo Party
for the purpose of making such Erroneous Payment.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>To
the extent permitted by applicable law, no Payment Recipient shall assert any right or claim to an Erroneous Payment, and hereby waives,
and is deemed to waive, 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 Erroneous Payment received, including without limitation waiver of any defense based
on &ldquo;discharge for value&rdquo; or any similar doctrine.</P>

<P STYLE="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"><FONT STYLE="font-size: 10pt">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Each
party&rsquo;s obligations, agreements and waivers under this Section&#8239;9.12 shall survive the resignation or replacement of the Administrative
Agent, any transfer of rights or obligations by, or the replacement of, a Lender, the termination of the Revolving Commitments and the
repayment, satisfaction or discharge of all Obligations (or any portion thereof) under any Transaction 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-align: center"><B>ARTICLE&#8239;X.</B></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"><FONT STYLE="text-transform: uppercase"><B>ASSIGNMENTS;
PARTICIPATIONS</B></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: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;10.1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Assignments
and Transfer of Commitments</U>. Each Lender shall have the right at any time or times to assign or transfer, without recourse, all or
a portion of (a)&#8239;that Lender&rsquo;s Revolving Commitments, and (b)&#8239;all or a portion of the Advances made by that Lender; <B><I>provided</I></B>,
<B><I>however</I></B>, in each such case, that the transferor and the transferee shall have complied with the following 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Agreement;
Transfer Fee</U>. Unless the transfer shall be due to merger of the transferor or for regulatory purposes, the transferor (A)&#8239;shall
remit to the Administrative Agent, for its own account, an administrative fee of three thousand five hundred 00/100 Dollars ($3,500.00)
and (B)&#8239;shall cause the transferee to execute and deliver to the Borrower, the Investment Manager, the Administrative Agent and each
Lender an Assignment Agreement, in the form of <U>Exhibit&#8239;V</U> attached hereto and made a part hereof (an &ldquo;<B><I>Assignment
Agreement</I></B>&rdquo;) together with the consents thereto in writing.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Consent</U>.
Except for an assignment by a Lender to an Affiliate of such Lender, any other Lender or any Affiliate of such other Lender, each such
assignment shall require the prior written consent of the Borrower and Investment Manager (such consent not to be unreasonably withheld,
conditioned or delayed) and, in the case of any partial assignment (other than to an Affiliate of the transferor Lender), the prior written
consent of the Requisite Lenders; <B><I>provided</I></B>, <B><I>however</I></B>, that (x)&#8239;such consent of the Borrower and Investment
Manager shall not be required if an Amortization Event has occurred and is continuing and (y)&#8239;such consent of the Requisite Lenders
shall not be required for an assignment of all (but not less than all) of a Lender&rsquo;s Revolving Commitment and Advances to any Person
that is not an Affiliate of the transferor 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-align: justify; text-indent: 0.5in">Upon satisfaction of the requirements
of this <U>Section&#8239;10.1</U>, including the payment of the fee and the delivery of the documents set forth above and the recording
of the transfer or assignment in the Register, (A)&#8239;the transferee shall become and thereafter be deemed to be a &ldquo;Lender&rdquo;
for the purposes of this Agreement, (B)&#8239;if the transferor transfers all of its interest, the transferor shall cease to be and thereafter
shall no longer be deemed to be a &ldquo;Lender&rdquo; and shall have no further rights or obligations under or in connection herewith,
and (C)&#8239;the signature pages&#8239;hereof and <U>Schedule 1</U> hereto shall be automatically amended, without further action, to reflect
the result of any such transfer.</P>

<P STYLE="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">Notwithstanding anything to
the contrary in this Article&#8239;X, the prior written consent of the Borrower and Investment Manager shall, so long as no Amortization
Event has occurred and is continuing, be required for an assignment or participation to any assignee or Participant that is a Swiss Non-Qualifying
Lender; <B><I>provided</I></B> that such a consent shall not be unreasonably withheld or delayed and in any event, such consent shall
be deemed given if any of the Borrower or Investment Manager, as applicable, does not give its written decision within 10 Business Days
after a request for such consent from the Administrative Agent. For the avoidance of doubt, if any of the Borrower or Investment Manager
determines in its reasonable discretion that any assignment or participation would result in noncompliance with the Swiss Non-Bank Rules&#8239;and/or
that the number of Lenders and Participants under this Agreement that are Swiss Non-Qualifying Lenders would exceed the number of ten,
then such Borrower&rsquo;s or Investment Manager&rsquo;s objection to such assignment or participation shall be deemed to be reasonable.</P>

<P STYLE="font: 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 the event of a transfer,
assignment, novation or amendment of the rights and/or the obligations under this Agreement and any other Transaction Documents, all security
interests, guarantees and privileges created under or in connection with the Transaction Documents shall automatically and without any
formality be preserved for the benefit of the Collateral Agent, the transferee and the other Secured Parties for the purpose of the provisions
of articles 1278 to 1281 of the Luxembourg Civil Code or any other purposes.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">Section&#8239;10.2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>The
Register</U>. The Administrative Agent, acting solely for this purpose as a non-fiduciary agent of the Borrower, shall maintain a copy
of each Assignment Agreement delivered to it and a register or similar list (the &ldquo;<B><I>Register</I></B>&rdquo;) for the recordation
of the names and addresses of the Lenders and the Revolving Commitment, Percentage, and principal amount (and stated interest) of the
Advances owing to, each Lender from time to time. The entries in the Register shall be conclusive, in the absence of manifest error, with
respect to such information, and the Borrower,&#8239;Investment Manager, the Administrative Agent and the Lenders shall treat each Person
whose name is recorded in the Register pursuant to the terms hereof as the owner of the Advances recorded therein for all purposes of
this Agreement. The Register shall be available for inspection by the Borrower,&#8239;Investment Manager or any Lender at any reasonable
time and from time to time upon reasonable prior notice. The parties intend that any interest in or with respect to the Advances under
this Agreement be treated as being issued and maintained in &ldquo;registered form&rdquo; within the meaning of Sections 163(f), 871(h)(2),
and 881(c)(2)&#8239;of the Code and any regulations thereunder (and any successor provisions), including without limitation under United
States Treasury Regulations Section&#8239;5f.103-1(c)&#8239;and Proposed Regulations Section&#8239;1.163-5 (and any successor provisions),
and the provisions of this Agreement shall be construed in a manner that gives effect to such intent.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">Section&#8239;10.3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Certain
Representations and Warranties; Limitations; Covenants</U>. By executing and delivering an Assignment Agreement, the parties to the assignment
thereunder confirm to and agree with each other and the other parties hereto 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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Other
than the representation and warranty that it is the legal and beneficial owner of the interest being assigned thereby free and clear of
any adverse claim, the assigning Lender makes no representation and warranty and assumes no responsibility with respect to any statements,
warranties or representations made in or in connection with this Agreement or the execution, legality, validity, enforceability, genuineness,
sufficiency or value of this Agreement, the other Transaction Documents or any other instrument or document furnished pursuant 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"></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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
assigning Lender makes no representation or warranty and assumes no responsibility of the financial condition of any Trinseo Party or
any other Person primarily or secondarily liable in respect of any of the Indebtedness of the Borrower to the Lenders, or the performance
or observance by any Trinseo Party or any other Person primarily or secondarily liable in respect of any of the Indebtedness of the Borrower
to the Lenders or any of their obligations under this Agreement or any of the other Transaction Documents or any other instrument or document
furnished pursuant 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Such
assignee confirms that it has received a copy of this Agreement, together with copies of the most recent financial statements referred
to in <U>Section&#8239;5.1</U> and such other documents and information as it has deemed appropriate to make its own credit analysis and
decision to enter into the Assignment 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"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Such
assignee will, independently and without reliance upon the assigning Lender, the Administrative Agent, the Collateral Agent or any other
Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions
in taking or not taking action under 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Such
assignee appoints and authorizes the Administrative Agent and the Collateral Agent, as applicable, to take such actions as agent on its
behalf and to exercise such powers under this Agreement and the other Transaction Documents to which the Administrative Agent or the Collateral
Agent is a party as are delegated to the Administrative Agent or the Collateral Agent by the terms hereof or 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Such
assignee agrees that it will perform in accordance with their terms all of the obligations that by the terms of this Agreement are required
to be performed by it as a Lender; 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Such
assignee represents and warrants that it is legally authorized to enter into such Assignment 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"><FONT STYLE="font-size: 10pt">Section&#8239;10.4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>No
Assignment to Borrower</U>. No such assignment shall be made to the 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;10.5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>No
Assignment to Natural Persons</U>. No such assignment shall be made to a natural 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; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;10.6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>No
Assignment to the Parent Guarantor</U>. No such assignment shall be made to the Parent Guarantor or any of its Affiliates.</P>

<P STYLE="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"><FONT STYLE="font-size: 10pt">Section&#8239;10.7.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Participations</U>.
Each Lender shall have the right at any time or times, without the consent of any other party, to sell one or more participations or sub-participations
to one or more assignees, in all or any part of that Lender&rsquo;s Revolving Commitment and Advances made by that Lender other than to
a natural 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Rights
Reserved</U>. In the event any Lender shall sell any participation or sub-participation, that Lender shall, as between itself and the
purchaser, retain all of its rights (including, without limitation, rights to enforce against the Borrower the Transaction Documents and
any and all other documents in connection therewith) and duties pursuant to the Transaction Documents and any and all other documents
in connection therewith, including, without limitation, that Lender&rsquo;s right to approve any waiver, consent or amendment pursuant
to <U>Section&#8239;12.1</U>; <B><I>provided</I></B>, <B><I>however</I></B>, any such participation shall be in a minimum amount of two
hundred fifty thousand and 00/100 Dollars ($250,000.00) and (b)&#8239;any agreement or instrument pursuant to which a Lender sells such
a participation may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or
waiver described in <U>clauses (i)</U>&#8239;through <U>(viii)</U>&#8239;of the first proviso to <U>Section&#8239;12.1(b)</U>&#8239;that directly
that affects such Participant. The Borrower and Investment Manager hereby acknowledges and agrees that the participant under each participation
(the &ldquo;<B><I>Participant</I></B>&rdquo;) shall for purposes of <U>Sections 8.3</U> and <U>8.5</U> be considered to be a &ldquo;Lender&rdquo;.
Except as otherwise set forth herein, no participant shall have any rights or obligations hereunder, the Borrower,&#8239;Investment Manager
and the Administrative Agent shall continue to deal solely and directly with the Lenders in connection with the Lenders&rsquo; rights
and obligations under this Agreement. The Borrower agrees that each Participant shall be entitled to the benefits of <U>Section&#8239;8.5</U>
(subject to the requirements and limitations therein, including the requirements under <U>Sections 8.5(e)</U>, <U>8.5(g)</U>, <U>8.5(i)</U>,
<U>8.5(j)</U>, <U>8.5(k)</U>, <U>8.5(l)</U>&#8239;and <U>8.5(m)</U>&#8239;(it being understood that the documentation required under <U>Sections
8.5(e)</U>, <U>8.5(g)</U>&#8239;and <U>8.5(i)</U>&#8239;shall be delivered to the participating Lender)) to the same extent as if it were
a Lender and had acquired its interest by assignment pursuant to <U>Section&#8239;10.1</U>; <B><I>provided </I></B>that such Participant
(A)&#8239;agrees to be subject to the provisions of <U>Section&#8239;8.5(d)</U>&#8239;as if it were an assignee under <U>Section&#8239;10.1</U>;
and (B)&#8239;shall not be entitled to receive any greater payment under <U>Section&#8239;8.5</U>, 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 any applicable Law or interpretation of any applicable Law by any Governmental Authority that occurs after the Participant
acquired the applicable participation. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary
agent of the Borrower, maintain a register complying with the requirements of Sections 163(f), 871(h)&#8239;and 881(c)(2)&#8239;of the Code
and the Treasury regulations issued thereunder on which is entered the name and address of each Participant and the principal amounts
(and stated interest) of each Participant&rsquo;s interest in the Advances or other obligations under the Transaction Documents (the &ldquo;<B><I>Participant
Register</I></B>&rdquo;); <B><I>provided</I></B> that no Lender shall have any obligation to disclose all or any portion of the Participant
Register (including the identity of any Participant or any information relating to a Participant&rsquo;s interest in any commitments,
loans, letters of credit or its other obligations under any Transaction Document) to any Person except to the extent that such disclosure
is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under the Code or Treasury
Regulations, including without limitation Section&#8239;5f.103-1(c)&#8239;or under Proposed Section&#8239;1.163-5 of the United States Treasury
Regulations (or, in each case, any amended or successor version) or such Lender&rsquo;s compliance with <U>Section&#8239;10.8</U>. The
entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded
in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary.
For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining
a Participant Register.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>No
Delegation</U>. No participation shall operate as a delegation of any duty of the seller thereof. Under no circumstances shall any participation
be deemed a novation in respect of all or any part of the seller&rsquo;s obligations pursuant 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"></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"><FONT STYLE="font-size: 10pt">Section&#8239;10.8.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Pledge
by Lenders</U>. Notwithstanding any other provision of this <U>Article&#8239;X</U>, any Lender may at any time pledge all or any portion
of its interest and rights under the Transaction Documents to any of the federal reserve banks organized under Section&#8239;4 of the Federal
Reserve Act, 12 U.S.C. &sect;341. No such pledge or the enforcement thereof shall release the pledgor Lender from its obligations hereunder
or under any of the other Transaction 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-align: center"><B>ARTICLE&#8239;XI.</B></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"><FONT STYLE="text-transform: uppercase"><B>GRANT
OF SECURITY INTEREST</B></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: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;11.1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Grant
of Security Interest</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>In
addition to the interests which the Lenders may from time to time acquire pursuant hereto, the Borrower hereby grants to the Collateral
Agent for the ratable benefit of the Secured Parties, a continuing Security Interest in all of the Borrower&rsquo;s right, title and interest
in, to and under all Pool Receivables now existing or hereafter arising, all Related Security, all Collections, each Transaction Account
and other rights and payments relating to such Pool Receivables and Related Security, each Transaction Document (other than this Agreement)
and all rights, remedies, powers, privileges and claims thereunder or in respect thereto (whether arising pursuant to the terms thereof
or otherwise available to the Borrower at law or equity), including the right to enforce each such Transaction Document and to give or
withhold any and all consents, requests, notices, directions, approvals, extensions or waivers under or with respect thereto, to the same
extent as the Borrower could but for the collateral assignment and security interest granted to the Collateral Agent under this Agreement,
in each case, whether now existing or hereafter arising, and all proceeds of any of the foregoing (collectively, the &ldquo;<B><I>Collateral</I></B>&rdquo;),
to secure the prompt and complete payment of the Borrower Obligations and the performance of all of the Borrower&rsquo;s obligations under
the Transaction Documents. The Collateral Agent is hereby authorized (but not obligated) to file a financing statement in form and substance
reasonably satisfactory to the Requisite Lenders naming the Borrower as the debtor and describing the collateral covered thereby as &ldquo;all
assets and the proceeds thereof, whether now existing or hereafter arising.&rdquo; The Collateral Agent, for the benefit of the Secured
Parties, shall have, in addition to the rights and remedies that it may have under this Agreement, all other rights and remedies provided
to a secured creditor under the UCC and other applicable law, which rights and remedies shall be cumulative.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Notwithstanding
anything to the contrary in this Agreement, any assets that are subject to a continuing and perfected Security Interest granted in (and
only for so long as they are subject to) the Swiss Collateral Documents (such assets, the &ldquo;<B><I>Subject Swiss Collateral</I></B>&rdquo;)
shall not constitute Collateral for purposes of this Article&#8239;XI and such Subject Swiss Collateral is hereby released from any Security
Interest created over it prior to the Original Closing Date under this Agreement or any other Transaction Document (other than the Swiss
Collateral Documents); provided, that all rights to payment of money due or to become due pursuant to, and all rights to the proceeds
from the sale of, the Subject Swiss Collateral, shall be and at all times constitute &ldquo;Collateral&rdquo; and remain subject to the
Security Interest created by this Agreement or any other Transaction Document (other than the Swiss Collateral Documents), unless, in
each case, such rights independently constitute Subject Swiss Collateral. If, in respect of the Subject Swiss Collateral only, any inconsistency
exists between this Article&#8239;XI or any other Transaction Document (other than the Swiss Collateral Documents) and any provision of
the Swiss Collateral Documents, the provisions of the Swiss Collateral Documents shall prevail.</P>

<P STYLE="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"><FONT STYLE="font-size: 10pt">Section&#8239;11.2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Attachment</U>.
The Borrower agrees that the security interests created by this Agreement are intended to attach (a)&#8239;with respect to Collateral that
is now in existence, upon execution of this Agreement, and (b)&#8239;with respect to Collateral that comes into existence in the future,
upon the Borrower acquiring rights in the Collateral or the power to transfer rights in the Collateral to the Collateral Agent. In each
case, the parties do not intend to postpone the attachment of any security interests created by this Agreement. The Borrower acknowledges
that (a)&#8239;value has been given, (b)&#8239;the Borrower has rights in the Collateral (other than after-acquired Collateral) in which
it has granted a security interest hereunder and (c)&#8239;this Agreement constitutes a &ldquo;security agreement&rdquo; as that term is
defined in the UCC.</P>

<P STYLE="font: 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>ARTICLE&#8239;XII.</B></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"><FONT STYLE="text-transform: uppercase"><B>MISCELLANEOUS</B></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: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;12.1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Waivers
and Amendments</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>No
failure or delay on the part of the Administrative Agent, the Collateral Agent or any of the Lenders in exercising any power, right or
remedy under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or remedy
preclude any other further exercise thereof or the exercise of any other power, right or remedy. The rights and remedies herein provided
shall be cumulative and nonexclusive of any rights or remedies provided by law. Any waiver of this Agreement shall be effective only in
the specific instance and for the specific 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>No
provision of this Agreement may be amended, supplemented, modified or waived except in writing in accordance with the provisions of this
<U>Section&#8239;12.1(b)</U>, except as set out in <U>Section&#8239;1.8</U>. This Agreement and the provisions hereof may only be amended,
supplemented, modified or waived in a writing signed by the Borrower, the Investment Manager, the Administrative Agent, the Collateral
Agent and the Requisite Lenders; <B><I>provided, however,</I></B> that no amendment, waiver or consent shall, unless in writing and signed
by each Lender, do any 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>waive
any of the conditions specified in <U>Sections 4.1</U> or <U>4.2</U> except with respect to a condition based upon another provision hereof,
the waiver of which requires only the concurrence of the Requisite Lenders; <B><I>provided</I></B> that any Lender may waive any of the
conditions specified in <U>Section&#8239;4.2</U> with respect to its own funding of Advances;</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>change
the order of priority in which Collections are applied pursuant to <U>Section&#8239;2.1</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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>increase
any Revolving Commitment of any Lender or subject the Lenders to any additional 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>extend
the scheduled final maturity of any Advance or postpone or extend any Payment 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 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>reduce
the principal amount of any Advance (other than by the payment or prepayment 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>reduce
the rate of interest on any Advance or any fee payable 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(vii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>reduce
or postpone any scheduled date fixed for payment of interest or fees to 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 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(viii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>release
all or substantially all of the Collateral or subordinate any Lien securing the Borrower Obligations, except in connection with any sale
or other disposition permitted by this Agreement (or permitted pursuant to a waiver or consent of a transaction otherwise prohibited 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 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ix)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>change
(directly or indirectly) the definitions of Defaulted Receivable, Eligible Receivable, Facility Limit, Final Payout Date or Required Reserves
contained in this Agreement; <B><I>provided</I></B> that the foregoing shall not limit the discretion of the Administrative Agent (acting
at the direction of the Requisite Lenders) or the Requisite Lenders to change, establish or eliminate any Reserves in its Permitted Discretion;
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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(x)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>amend
this <U>Section&#8239;12.1</U> or the definition of the term &ldquo;Requisite Lenders.&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: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;12.2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Notices</U>.
Except as provided in this <U>Section&#8239;12.2</U>, all communications and notices provided for hereunder shall be in writing (including
email, bank wire, facsimile or electronic transmission or similar writing) and shall be given to the other parties hereto at their respective
addresses, email addresses or facsimile numbers set forth on <U>Schedule 12.2</U> hereto or at such other address, email address or facsimile
number as such Person may hereafter specify in writing for the purpose of notice to each of the other parties hereto. Each such notice
or other communication shall be effective (a)&#8239;if given by facsimile or email, upon the receipt thereof, (b)&#8239;if given by mail,
three (3)&#8239;Business Days after the time such communication is deposited in the mail with first class postage prepaid or (c)&#8239;if
given by any other means, when received at the address specified in this <U>Section&#8239;12.2</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: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;12.3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Setoff;
Ratable 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>If
an Amortization Event shall have occurred and be continuing, each Lender and each of its respective Affiliates is hereby authorized at
any time and from time to time, to the fullest extent permitted by applicable Law, to set off and apply any and all deposits (general
or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency)
at any time owing by such Lender or any such Affiliate to or for the credit or the account of the Borrower against any and all of the
obligations of the Borrower now or hereafter existing under this Agreement or any other Transaction Document to such Lender or its respective
Affiliates, irrespective of whether or not such Lender or Affiliate shall have made any demand under this Agreement or any other Transaction
Document and although such obligations of the Borrower may be contingent or unmatured or are owed to a branch, office or Affiliate of
such Lender different from the branch, office or Affiliate holding such deposit or obligated on 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"></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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
rights of each Lender and its respective Affiliates under this Section&#8239;are in addition to other rights and remedies (including other
rights of setoff) that such Lender or its respective Affiliates may have. Each Lender agrees to notify the Borrower, the Investment Manager,
the Administrative Agent and the Collateral Agent promptly after any such setoff and application, <B><I>provided</I></B> that the failure
to give such notice shall not affect the validity of such setoff and application. The provisions of this <U>Section&#8239;12.3</U> shall
not be construed to apply to any payment made by the Borrower or the Investment Manager pursuant to and in accordance with the express
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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>If
any Lender, whether by setoff or otherwise, has received payments (other than payments received pursuant to <U>Section&#8239;8.3</U>) in
a greater proportion than that received by any other Lender entitled to receive a ratable share of such payments, such Lender agrees,
promptly upon demand, to purchase for cash without recourse or warranty a portion of such payments held by the other Lenders so that after
such purchase each Lender will hold its ratable proportion of such payment; <B><I>provided </I></B>that if all or any portion of such
excess amount is thereafter recovered from such Lender, such purchase shall be rescinded and the purchase price restored to the extent
of such recovery, but without 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;12.4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Intended
Tax Characterization</U>. The parties hereto intend and agree that, for the purposes of all Taxes, each Advance constitutes Indebtedness
that is secured by the Pool Receivables, all Related Security and all Collections with respect thereto (the &ldquo;<B><I>Intended Tax
Characterization</I></B>&rdquo;). Except to the extent otherwise required pursuant to a &ldquo;determination&rdquo; (as defined in Section&#8239;1313(a)&#8239;of
the Code or any similar provision of state or local tax law), the Lenders and the Borrower hereto agree to report and otherwise to act
for the purposes of all Taxes in a manner consistent with the Intended Tax Characterization.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">Section&#8239;12.5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Protection
of Ownership and Security Interests</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Borrower agrees that from time to time, at its expense, it will promptly execute and deliver all instruments and documents, and take all
actions, that may be reasonably necessary or desirable, or that the Collateral Agent (acting at the direction of the Requisite Lenders)
may reasonably request, to perfect, protect or more fully evidence the Collateral Agent&rsquo;s Security Interest (on behalf of the Secured
Parties) in the Collateral, or to enable the Collateral Agent or the Lenders to exercise and enforce their rights and remedies hereunder.
At any time after the occurrence of an Amortization Event, the Collateral Agent (acting at the direction of the Requisite Lenders) may
direct the Borrower or the Investment Manager to notify the Obligors of Pool Receivables, at the Borrower&rsquo;s expense, of the Security
Interests of the Collateral Agent (on behalf of the Secured Parties) under this Agreement, and if such notification is not made within
ten (10)&#8239;days after the Collateral Agent has so directed the Borrower and the Investment Manager, the Collateral Agent (acting at
the direction of the Requisite Lenders) may make such notification. The Borrower or the Investment Manager (as applicable) shall, at the
Collateral Agent&rsquo;s or any Lender&rsquo;s request, withhold the identity of the Collateral Agent or such Lender in any such notification.</P>

<P STYLE="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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>If
the Borrower or Investment Manager fails to perform any of its obligations hereunder and the Borrower or the Investment Manager have failed
to promptly comply with a request by the Administrative Agent to perform such obligation after the expiration of any grace period applicable
thereto, the Administrative Agent (acting at the direction of the Requisite Lenders) or any Lender may (but shall not be required to)
perform, or cause performance of, such obligations, and the Collateral Agent&rsquo;s or such Lender&rsquo;s fees, costs and expenses incurred
in connection therewith shall be payable by the Borrower as provided in <U>Section&#8239;8.4</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: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;12.6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Confidentiality</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Each
Agent and each Lender agree to keep confidential all information obtained from the Trinseo Parties, other than any such information that
is available to such Agent or any Lender on a nonconfidential basis prior to disclosure by any Trinseo Parties, and to use such information
only in connection with this Agreement and for the purposes contemplated hereby. Each Agent and each Lender shall be permitted to disclose
such information (i)&#8239;to outside legal counsel, accountants, other professional advisors, and Affiliates who need to know such information
in connection with the administration and enforcement of this Agreement, subject to agreement of such Persons to maintain the confidentiality
of such information in accordance with the terms hereof, (ii)&#8239;to assignees and Participants, and prospective assignees and Participants,
subject to the agreement of such Persons to maintain the confidentiality of such information in accordance with the terms hereof, (iii)&#8239;to
the extent permitted by applicable Law, with notice to the applicable Trinseo Party, to the extent requested by any bank regulatory authority
or as otherwise required by applicable Law or by any subpoena or similar legal process, or in connection with any investigation or proceeding
arising out of the transactions contemplated by this Agreement or the other Transaction Documents, (iv)&#8239;in connection with the exercise
of any remedies hereunder or under any other Transaction Document or any action or proceeding relating to this Agreement or any other
Transaction Document or the enforcement of rights hereunder or thereunder, (v)&#8239;if it becomes publicly available other than as a result
of a breach of this Agreement or becomes available from a source not known to be subject to confidentiality restrictions, or (vi)&#8239;if
the applicable Trinseo Party shall have consented, in writing, to such disclosure. Notwithstanding anything herein to the contrary, the
information subject to this Section&#8239;12.6 shall not include, and each Agent and the Lenders may disclose without limitation of any
kind, any information with respect to the &ldquo;Tax treatment&rdquo; and &ldquo;Tax structure&rdquo; (in each case, within the meaning
of Treasury Regulation Section&#8239;1.6011-4) of the transactions contemplated hereby and all materials of any kind (including opinions
or other tax analyses) that are provided to such Agent or such Lender relating to such Tax treatment and Tax structure; <B><I>provided</I></B>
that with respect to any document or similar item that in either case contains information concerning the Tax treatment or Tax structure
of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that
relate to the Tax treatment or Tax structure of the Advances and 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Lenders acknowledge that (i)&#8239;the information obtained from the Trinseo Parties may include material non-public information concerning
the Trinseo Parties, (ii)&#8239;it has developed compliance procedures regarding the use of material non-public information and (iii)&#8239;it
will handle such material non-public information in accordance with applicable Law, including United States 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">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;12.7.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>CHOICE
OF LAW</U>. THIS AGREEMENT AND ALL MATTERS ARISING OUT OF OR IN ANY WAY RELATED TO THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK (WITHOUT GIVING EFFECT TO THE CONFLICT OF LAWS PRINCIPLES THEREOF OTHER THAN SECTIONS
5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW WHICH SHALL APPLY 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: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;12.8.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>CONSENT
TO JURISDICTION</U>. EACH OF THE PARTIES HEREBY IRREVOCABLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF ANY UNITED STATES FEDERAL OR STATE
COURT SITTING IN THE BOROUGH OF MANHATTAN, NEW YORK (OR ANY APPELLATE COURT THEREFROM),&#8239;IN ANY ACTION OR PROCEEDING ARISING OUT OF
OR RELATING TO THIS AGREEMENT OR ANY DOCUMENT EXECUTED BY SUCH PERSON PURSUANT TO THIS AGREEMENT, AND EACH OF THE PARTIES HEREBY IRREVOCABLY
AGREES THAT ALL CLAIMS IN RESPECT OF SUCH ACTION OR PROCEEDING MAY&#8239;BE HEARD AND DETERMINED IN ANY SUCH COURT AND IRREVOCABLY WAIVES
ANY OBJECTION IT MAY&#8239;NOW OR HEREAFTER HAVE AS TO THE VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN SUCH A COURT OR THAT
SUCH COURT IS AN INCONVENIENT FORUM. NOTHING HEREIN SHALL LIMIT THE RIGHT OF THE AGENTS OR THE LENDERS TO BRING PROCEEDINGS AGAINST THE
BORROWER OR INVESTMENT MANAGER IN THE COURTS OF ANY OTHER JURISDICTION. ANY JUDICIAL PROCEEDING BY THE BORROWER OR THE INVESTMENT MANAGER
AGAINST THE AGENTS OR THE LENDERS OR ANY AFFILIATE THEREOF INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER IN ANY WAY ARISING OUT OF, RELATED
TO, OR CONNECTED WITH THIS AGREEMENT OR ANY DOCUMENT EXECUTED BY SUCH PARTY PURSUANT TO THIS AGREEMENT SHALL BE BROUGHT ONLY IN A COURT
IN THE BOROUGH OF MANHATTAN, 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;12.9.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>WAIVER
OF JURY TRIAL</U>. EACH PARTY HERETO HEREBY WAIVES TRIAL BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER
(WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH THIS AGREEMENT, ANY DOCUMENT
EXECUTED BY ANY TRINSEO PARTY PURSUANT TO THIS AGREEMENT OR THE RELATIONSHIP ESTABLISHED 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;12.10.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Integration;
Binding Effect; Survival of Terms</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>This
Agreement and each other Transaction Document contain the final and complete integration of all prior expressions by the parties hereto
with respect to the subject matter hereof and shall constitute the entire agreement among the parties hereto with respect to the subject
matter hereof superseding all prior oral or written understandings.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>This
Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns (including
any trustee in bankruptcy). This Agreement shall create and constitute the continuing obligations of the parties hereto in accordance
with its terms and shall remain in full force and effect until terminated in accordance with its terms; <B><I>provided, however, </I></B>that
the rights and remedies with respect to (i)&#8239;the indemnification and payment provisions of <U>Article&#8239;VIII</U>, (ii)&#8239;<U>Sections
12.6</U> through and including <U>12.9</U> and (iii)&#8239;<U>Sections 9.7</U> and <U>12.13</U>, shall be continuing and shall survive
any termination of this Agreement or any resignation or removal of the Administrative Agent or Collateral 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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>In
the event of any conflict between the rights of the Borrower or the Investment Manager to withdraw and transfer funds from a Collection
Account under this Agreement and the right the Borrower or the Investment Manager to withdraw and transfer funds from a Collection Account
under a Control Agreement, this Agreement shall govern.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">Section&#8239;12.11.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Counterparts;
Severability; Section&#8239;References</U>. This Agreement may be executed in any number of counterparts and by different parties hereto
in separate counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall
constitute one and the same Agreement. To the fullest extent permitted by applicable law, delivery of an executed counterpart of a signature
page&#8239;of this Agreement by telefacsimile or electronic image scan transmission (such as a &ldquo;pdf&rdquo; file) will be effective
to the same extent as delivery of a manually executed original counterpart of this Agreement. Any provisions of this Agreement which are
prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability
without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate
or render unenforceable such provision in any other jurisdiction. Unless otherwise expressly indicated, all references herein to &ldquo;Article,&rdquo;
 &ldquo;Section,&rdquo; &ldquo;Schedule&rdquo; or &ldquo;Exhibit&rdquo; means articles and sections of, and schedules and exhibits 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; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;12.12.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Mutual
Negotiations</U>. This Agreement and the other Transaction Documents are the product of mutual negotiations by the parties thereto and
their counsel, and no party shall be deemed the draftsperson of this Agreement or any other Transaction Document or any provision hereof
or thereof or to have provided the same. Accordingly, in the event of any inconsistency or ambiguity of any provision of this Agreement
or any other Transaction Document, such inconsistency or ambiguity shall not be interpreted against any party because of such party&rsquo;s
involvement in the drafting 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;12.13.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Bankruptcy
Petition</U>. The Investment Manager hereby covenants and agrees that, prior to the date that is one (1)&#8239;year and one (1)&#8239;day
after the date after the Final Payout Date, it will not institute against, or join any other Person in instituting against, the Borrower
any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceeding under the Laws of the United
States or any state of the United States.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">Section&#8239;12.14.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>USA
PATRIOT Act</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Each
Lender that is subject to the requirements of the USA PATRIOT Act hereby notifies the Borrower and the Investment Manager that pursuant
to the requirements of the USA PATRIOT Act, it is required to obtain, verify and record information that identifies the Trinseo Parties
and their respective Subsidiaries, which information includes the name and address of the Trinseo Parties and their respective Subsidiaries
and other information that will allow such Lenders to identify such parties in accordance with the USA PATRIOT 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"></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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
parties hereto acknowledge that in accordance with the Customer Identification Program (CIP) requirements under the USA PATRIOT Act and
its implementing regulations, the Administrative Agent, in order to help fight the funding of terrorism and money laundering, is required
to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account
with the Administrative Agent. The Borrower hereby agrees that it shall provide the Administrative Agent with such information as it may
request including, but not limited to, the Borrower&rsquo;s name, physical address, tax identification number and other information that
will help the Administrative Agent to identify and verify the Borrower&rsquo;s identity such as organizational documents, certificate
of good standing, license to do business, or other pertinent identifying 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; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;12.15.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Divisions</U>.
For all purposes under the Transaction Documents, in connection with any division or plan of division under Delaware law (or any comparable
event under a different jurisdiction&rsquo;s laws), if any asset, right, obligation or liability of any Person becomes the asset, right,
obligation or liability of a different Person, then it shall be deemed to have been transferred from the original Person to the subsequent
Person.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">Section&#8239;12.16.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>No
Fiduciary Duty</U>. The Administrative Agent, the Collateral Agent, each Lender and their Affiliates (collectively, solely for purposes
of this paragraph, the &ldquo;<B><I>Lenders</I></B>&rdquo;), may have economic interests that conflict with those of the Investment Manager
or its Affiliates. The Investment Manager agrees that nothing in the Transaction Documents or otherwise will be deemed to create an advisory,
fiduciary or agency relationship or fiduciary or other implied duty between any Lender, on the one hand, and the Investment Manager or
its Affiliates, on the other. The Investment Manager acknowledges and agrees that (i)&#8239;the transactions contemplated by the Transaction
Documents (including the exercise of rights and remedies hereunder and thereunder) are arm&rsquo;s length commercial transactions between
the Lenders, on the one hand, and the Investment Manager and Borrower, on the other, and (ii)&#8239;in connection therewith and with the
process leading thereto, (x)&#8239;no Lender has assumed an advisory or fiduciary responsibility in favor of the Borrower, the Investment
Manager or its Affiliates with respect to the transactions contemplated hereby (or the exercise of rights or remedies with respect thereto)
or the process leading thereto (irrespective of whether any Lender has advised, is currently advising or will advise the Borrower,&#8239;Investment
Manager or its Affiliates on other matters) or any other obligation to the Borrower,&#8239;Investment Manager except the obligations expressly
set forth in the Transaction Documents and (y)&#8239;each Lender is acting solely as principal and not as the agent or fiduciary of the
Borrower or Investment Manager, its management, creditors or any other Person. The Investment Manager and Borrower each acknowledges and
agrees that it has consulted its own legal and financial advisors to the extent it deemed appropriate and that it is responsible for making
its own independent judgment with respect to such transactions and the process leading thereto. The Investment Manager and Borrower each
agrees that it will not claim that any Lender has rendered advisory services of any nature or respect, or owes a fiduciary or similar
duty to the Investment Manager or Borrower, in connection with such transaction or the process leading 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">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;12.17.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>No
Liability, Non-Petition and Limited Recourse in Favor of the Borrower</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>No
Liability</U>. Notwithstanding any other provision of this Agreement or the Transaction Documents, no recourse under any obligation, covenant,
or agreement of any party (acting in any capacity whatsoever) contained in this Agreement shall be had against any shareholder, officer,
director, employee or agent of the Borrower as such, by the enforcement of any assessment or by any proceeding, by virtue of any statute
or otherwise, it being expressly agreed and understood this Agreement is a corporate or limited liability company obligation of the Borrower,
and no personal liability shall attach to or be incurred by the shareholders, officers, agents, employees or directors of the Borrower
as such, or any of them, under or by reason of any of the obligations, covenants or agreements contained in this Agreement, or implied
therefrom, and that any and all personal liability for breaches by the Borrower of any such obligations, covenants or agreements, either
at law or by statute or constitution, of every such shareholder, officer, agent, employee or director is hereby expressly waived as a
condition of and consideration for the execution 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-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Non-Petition</U>.
Notwithstanding any other provision of this Agreement, only the Collateral Agent may pursue the remedies available under the general law
or under the Collateral Documents to enforce the Collateral and no other party hereto shall be entitled to proceed directly against the
Borrower to enforce the Collateral. Each party hereto (other than the Borrower and the Collateral Agent) agrees with and acknowledges
to each of the Borrower and the Collateral Agent, and the Collateral Agent agrees with and acknowledges to the Borrower, 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>none
of the parties hereto (nor any person on their behalf, other than the Collateral Agent where appropriate) are entitled, otherwise than
as permitted by the Transaction Documents, to direct the Collateral Agent to enforce the Security or take any proceedings against the
Borrower to enforce the Security;</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>none
of the parties hereto (other than the Collateral Agent acting in accordance with the provisions of the Credit and Security Agreement and
the Control Agreement) shall have the right to take or join any person in taking any steps against the Borrower for the purpose of obtaining
payment of any amount due from the Borrower to any of such parties hereto, except for proceedings to obtain a declaration or similar judgment
order as to the obligations or liabilities of the 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 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>until
the date falling one year after the Final Payout Date none of the parties hereto nor any person on their behalf shall initiate or join
any person in initiating an Insolvency Event or the appointment of an Insolvency Official in relation to the Borrower other than a receiver
appointed under Clause 18 (Appointment and Removal of Administrator and Receiver) of the Credit and Security Agreement, except for proving
or lodging a claim in Insolvency Proceedings of the Borrower initiated by another party; 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>none
of the parties hereto shall be entitled to take or join in the taking of any corporate action, legal proceedings or other procedure or
step which would result in the payments priorities specified in Article&#8239;II of the Credit and Security Agreement not being 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"></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"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Limited
Recourse</U>. Each party hereto (other than the Borrower and, in accordance with the provisions of the Credit and Security Agreement,
the Collateral Agent) agrees with each of the Borrower and the Collateral Agent, and the Collateral Agent agrees with the Borrower, that
notwithstanding any other provision of any Transaction Document, all obligations of the Borrower to such party hereto, including, without
limitation, the obligations, are limited in recourse as set out 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 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>it
will have a claim only in respect of the Collateral and will not have any claim, by operation of law or otherwise, against, or recourse
to any of the Borrower's other assets or its contributed capital;</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>sums
payable to each party hereto in respect of the Borrower's obligations to such party hereto shall be limited to the lesser of (a)&#8239;the
aggregate amount of all sums due and payable to such party hereto and (b)&#8239;the aggregate amounts received, realised or otherwise recovered
by or for the account of the Borrower in respect of the Collateral whether pursuant to enforcement of the Collateral or otherwise, net
of any sums which are payable by the Borrower in accordance with the payments priorities specified in Article&#8239;II of the Credit and
Security Agreement in priority to or pari passu with sums payable to such party 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>upon
the Collateral Agent (acting at the direction of the requisite Lenders) giving written notice to the relevant parties hereto that it has
determined in its sole opinion, that there is no reasonable likelihood of there being any further realisations in respect of the charged
property (whether arising from an enforcement of the Security or otherwise) which would be available to pay unpaid amounts outstanding
under the relevant Transaction Documents, the relevant party hereto shall have no further claim against the Borrower in respect of any
such unpaid amounts and such unpaid amounts shall be extinguished and discharged 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 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
provisions of this <U>Section&#8239;12.17</U> shall survive termination of the Transaction 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;12.18.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Third
Party Beneficiaries</U>. Except as expressly as set forth in this Agreement, nothing in the Transaction Documents shall give to any Person,
other than the parties hereto, the Lenders, and their respective successors hereunder, any benefit or any legal or equitable right, remedy
or claim 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; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&#8239;12.19.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Electronic
Execution</U>. The words &ldquo;execution,&rdquo; &ldquo;execute&rdquo;, &ldquo;signed,&rdquo; &ldquo;signature,&rdquo; and words of like
import in or related to this Agreement and any document to be signed in connection with this Agreement and the transactions contemplated
hereby (including amendments or other waivers and consents) shall be deemed to include electronic signatures, the electronic matching
of assignment terms and contract formations on electronic platforms approved by the Administrative Agent, 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 Transactions 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"></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"><FONT STYLE="font-size: 10pt">Section&#8239;12.20.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Confirmation
of Lender&rsquo;s Status as a Swiss Qualifying Lender.</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: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Lenders confirm as of the Restatement Date 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>In
case of [***], that it is a Swiss Non-Qualifying Lender and counts as one single
creditor for purposes of the Swiss Non-Bank Rules; 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>in
the case of [***] that it is a Swiss Non-Qualifying Lender and counts as not more than three creditors
for purposes of the Swiss Non-Bank Rules.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Without
limitation to any consent or other rights provided for in this Agreement (including Section&#8239;12.05), any Person that shall become
an assignee, Participant or sub-participant with respect to any Lender or Participant pursuant to this Agreement shall confirm in writing
to Borrower and the Investment Manager prior to the date such Person becomes a Lender, Participant or sub-participant, 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>it
is a Swiss Qualifying Lender and has not entered into a participation (including sub-participation) arrangement with respect to this Agreement
with any Person that is a Swiss Non-Qualifying Lender; 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>if
it is a Swiss Non-Qualifying Lender, it counts as one single creditor for purposes of the Swiss Non-Bank Rules&#8239;(taking into account
any participations and sub-participations).</P>

<P STYLE="font: 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">[<I>Remainder of page&#8239;intentionally left blank.</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"></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="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>IN
WITNESS WHEREOF,</B></FONT> the parties hereto have caused this Agreement to be executed and delivered by their duly authorized officers
as of 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-top: 0pt; margin-bottom: 0pt"><B>SIGNED AND DELIVERED</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>&#8239;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">as a <B>DEED</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>&#8239;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B></B> For and on behalf of</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%; font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">STYRON RECEIVABLES FUNDING DESIGNATED
    ACTIVITY COMPANY</FONT></TD>
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Acting by its duly authorised attorney:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD>&#8239;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Attorney</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">In the presence of:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD>&#8239;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Witness' Name</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD>&#8239;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Witness' Address</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">&#8239;</TD>
    <TD>&#8239;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Witness' Occupation</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><B>TRINSEO IRELAND
GLOBAL IHB LIMITED,</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><B></B></FONT>as Investment Manager</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#8239;</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: 3%"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%"><FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></TD>
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#8239;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT>[<I>Amended
and Restated Credit and Security Agreement &ndash; Signature Page</I>]</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></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-top: 0pt; margin-bottom: 0pt">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><B>[&bull;], </B></FONT>as
Lender</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#8239;</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: 3%"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%"><FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></TD>
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><B>GLAS USA LLC,
</B></FONT>as Administrative Agent</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#8239;</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: 3%"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%"><FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></TD>
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD></TR>
  </TABLE>



<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"><FONT>[<I>Amended
and Restated Credit and Security Agreement &ndash; Signature Page</I>]</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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    <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-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><B>GLAS AMERICAS
LLC, </B></FONT>as Collateral Agent</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#8239;</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: 3%"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%"><FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></TD>
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&#8239;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT>[<I>Amended
and Restated Credit and Security Agreement &ndash; Signature Page</I>]</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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    <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"><FONT STYLE="text-transform: uppercase"><B>EXHIBIT&#8239;I</B></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"><FONT STYLE="text-transform: uppercase"><B>DEFINITIONS</B></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: justify; text-indent: 0.5in">Except as otherwise specified
in this Agreement, all references in this Agreement (i)&#8239;to any Person (other than the Borrower) shall be deemed to include such Person&rsquo;s
successors and permitted assigns, and (ii)&#8239;to any law, agreement, statute or contract specifically defined or referred to in this
Agreement shall be deemed references to such law, agreement, statute or contract as the same may be supplemented, amended, waived, consolidated,
replaced or modified from time to time, but only to the extent permitted by, and effected in accordance with, the terms thereof. The words
 &ldquo;<B><I>herein</I></B>,&rdquo; &ldquo;<B><I>hereof</I></B>&rdquo; and &ldquo;<B><I>hereunder</I></B>&rdquo; and words of similar
import, when used in this Agreement, shall refer to this Agreement as a whole and not to any provision of this Agreement, and references
to &ldquo;<B><I>Article</I></B>,&rdquo; &ldquo;<B><I>Section</I></B>,&rdquo; &ldquo;<B><I>clause</I></B>,&rdquo; &ldquo;<B><I>Exhibit</I></B>,&rdquo;
 &ldquo;<B><I>Schedule</I></B>&rdquo; and &ldquo;<B><I>Appendix</I></B>&rdquo; are references to this Agreement unless otherwise specified.
Whenever the context so requires, words importing any gender include the other gender. Any of the defined terms may, unless the context
otherwise requires, be used in the singular or the plural depending on the reference; the singular includes the plural and the plural
includes the singular. The word &ldquo;<B><I>or</I></B>&rdquo; shall not be exclusive.</P>

<P STYLE="font: 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">All accounting terms not otherwise
defined in this Agreement have the meanings assigned them in conformity with GAAP. All terms used in Article&#8239;9 of the UCC and not
specifically defined in this Agreement shall be defined herein and in the Transaction Documents as such terms are defined in the UCC as
in effect in the State of New York. Each reference to this Agreement, any other Transaction Document, or any other agreement shall be
a reference to such agreement together with all exhibits, schedules, attachments and appendices thereto, in each case as amended, restated,
supplemented or otherwise modified from time to time in accordance with the terms thereof and hereof. References to &ldquo;<B><I>writing</I></B>&rdquo;
include electronic mail, facsimile, printing, typing, lithography and other means of reproducing words in a tangible visible form including
computer-generated information accessible in tangible visible form. References to &ldquo;<B><I>written</I></B>&rdquo; include faxed, printed,
typed, lithographed and other means of reproducing words or symbols in a tangible visible form consistent with the preceding sentence.
The words &ldquo;<B><I>including</I></B>,&rdquo; &ldquo;<B><I>includes</I></B>&rdquo; and &ldquo;<B><I>include</I></B>&rdquo; shall be
deemed to be followed by the words &ldquo;<B><I>without limitation</I></B>&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: 0.5in">Unless otherwise expressly
provided herein, any period of time ending on a day which is not a Business Day shall end on the next succeeding Business Day. Unless
otherwise stated in this Agreement, in the computation of a period of time from a specified date to a later specified date, the word &ldquo;<B><I>from</I></B>&rdquo;
means &ldquo;<B><I>from and including</I></B>&rdquo; and the words &ldquo;<B><I>to</I></B>&rdquo; and &ldquo;<B><I>until</I></B>&rdquo;
each means &ldquo;<B><I>to but excluding</I></B>.&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: 0.5in">In addition, as used in this
Agreement, the following terms shall have the following meanings (such meanings to be equally applicable to both the singular and plural
forms of the terms defined):</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>ABR</I></B>&rdquo;
means, on any date of determination, a rate per annum equal to the higher as of such day of (i)&#8239;the Prime Rate or (ii)&#8239;one-half
of one percent (0.50%) above the Federal Funds Rate; <I>provided</I>, <I>however</I>, if ABR as determined above would be less than the
Floor, then such rate shall be deemed to be the Floor. For purposes of determining the ABR for any day, changes in the Prime Rate or the
Federal Funds Rate shall be effective on the date of each such change.</P>

<P STYLE="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: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Administrative
Agent</I></B>&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; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Administrative
Agent&rsquo;s Account</I></B>&rdquo; means any account or accounts as the Administrative Agent may indicate in writing to the Borrower
and the Investment Manager from time to time and, by execution and delivery of its signature page&#8239;hereto, each Lender hereby authorizes
and directs the Administrative Agent to establish and maintain the Administrative Agent&rsquo;s 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Advance</I></B>&rdquo;
means an advance of funds by each Lender to the Borrower or the Investment Manager, on behalf of the Borrower, hereunder on a Borrowing
Date. Each Advance will consist of an advance from each Lender in the amount of its Percentage 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>&ldquo;Advance
Rate</I></B></FONT>&rdquo; means at any date of determination 93.5%.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Adverse
Claim</I></B>&rdquo; means any claim of ownership or any Lien or other interests in or over or any challenge in any pleading filed in
any court by the Borrower or another Trinseo Party to the Borrower&rsquo;s ownership of any Collateral or the Collateral Agent&rsquo;s
Lien thereon; it being understood that any such claim or Lien in favor of, or assigned to, the Collateral Agent (for the benefit of the
Secured Parties) under the Transaction Documents shall not constitute an Adverse Claim.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Affiliate</I></B>&rdquo;
means, with respect to any Person, any Person that directly or indirectly controls, is controlled by or is under common control with such
Person. The term &ldquo;control&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 ownership of voting securities, by contract 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: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Agent</I></B>&rdquo;
means the Administrative Agent and the Collateral 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"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Agent
Fee Letter</I></B>&rdquo; means the fee letter, dated as of the Restatement Date, addressed to the Borrower from the Administrative Agent
and Collateral 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"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Aggregate
Revolving Commitment</I></B>&rdquo; means, on any date of determination, the aggregate of all Lenders&rsquo; Revolving Commitments.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Aggregate
Revolving Principal</I></B>&rdquo; means, on any date of determination, the aggregate amount of principal of all Advances that are outstanding
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; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Agreement</I></B>&rdquo;
means this Credit and Security Agreement, as it may be amended, restated, supplemented or otherwise modified and in effect 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Amendment
and Restatement Agreement</I></B>&rdquo; means the Amendment and Restatement Agreement, dated as of the Restatement Date, among the Borrower,
the Investment Manager, the Initial Lenders, the Existing Lenders (as defined therein), the Administrative Agent and the Collateral 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"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Amortization
Date</I></B>&rdquo; means the earliest to occur of (a)&#8239;the Business Day immediately prior to the occurrence of an Amortization Event
set forth in <U>Section&#8239;7.1(i)</U>&#8239;with respect to the Borrower, (b)&#8239;the Business Day specified in a written notice from
the Administrative Agent to the Borrower and Investment Manager following the occurrence and during continuation of any other Amortization
Event and (c)&#8239;the date which is five Business Days after the Administrative Agent&rsquo;s receipt of written notice from the Investment
Manager or Borrower that it wishes to terminate the facility evidenced by this Agreement (unless a later date is specified in such 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"></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: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Amortization
Event</I></B>&rdquo; has the meaning specified in <U>Section&#8239;7.1</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: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Anti-Corruption
Laws</I></B>&rdquo; means all Laws of any jurisdiction applicable to the Borrower, the Parent Guarantor or any of its Subsidiaries from
time to time concerning or relating to bribery or corruption, including the US Foreign Corrupt Practices Act 1977, any similar laws and
regulations applicable in Switzerland and laws of EU member states implementing Directive (EU) 2018/843 (as any of the foregoing laws
may from time to time be amended, renewed, extended, or replaced).</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Anti-Terrorism
Laws</I></B>&rdquo; means any Laws of any jurisdiction applicable to the Borrower, the Parent Guarantor or any of its Subsidiaries from
time to time relating to terrorism or money laundering, including Executive Order No.&#8239;13224, the USA PATRIOT Act, the laws comprising
or implementing the Bank Secrecy Act, any similar laws and regulations applicable in Switzerland and laws of EU member states implementing
Directive (EU) 2017/541 (as any of the foregoing laws may from time to time be amended, renewed, extended, or replaced).</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Applicable
Margin</I></B>&rdquo; means 6.00% 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Approved Currency</I></B>&rdquo;
means Euro and Dollars.</P>

<P STYLE="font: 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">&ldquo;<B><I>AR Facility Collateral</I></B>&rdquo;
means, collectively, the Purchased Receivables, the Related Security, the Collections, the Collection Accounts and any other Transaction
Account, the Pool Receivables, all other Collateral, all proceeds of any of the foregoing, and all rights and interests of the Borrower,
the Administrative Agent, the Collateral Agent or any other Secured Party in or with respect 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; text-align: justify; text-indent: 0.5in">&ldquo;<B><I>AR Protective
Liens</I></B>&rdquo; means the valid, binding, continuing, enforceable, unavoidable and fully perfected first-priority continuing security
interests in and liens upon each Originator&rsquo;s (and the U.S. Intermediate Transferor&rsquo;s) right, title and interest in the Purchased
Receivables originated by such Originator (or transferred by the U.S. Intermediate Transferor), and the proceeds thereof, whether existing
prior to or on the Filing Date or thereafter arising or acquired, in each case granted to the Collateral Agent (for the benefit of itself
and the other Secured Parties) under sections 364(c)(2)&#8239;and 364(d)(1)&#8239;of the Bankruptcy Code pursuant to the Facility Order,
to the extent (and solely in the event) that any transfer of such Purchased Receivables is subsequently avoided or recharacterized as
an extension of credit or a pledge rather than an absolute sale or contribution.</P>

<P STYLE="font: 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">&ldquo;<B><I>AR Superpriority
Claims</I></B>&rdquo; means the allowed superpriority administrative expense claims in the amount of the Securitization Facility Obligations
granted to the Administrative Agent (on behalf of itself and the other Secured Parties) against the Servicer, each Originator, the Parent
Guarantor, and each other obligor under the Transaction Documents, on a joint and several basis, under section 364(c)(1)&#8239;of the Bankruptcy
Code pursuant to the Facility Order, with priority over any and all other administrative expenses, adequate protection claims, diminution-in-value
claims and other claims of the kinds specified in sections 105, 326, 328, 330, 331, 503(b), 506(c), 507(a), 507(b), 546, 726, 1113 and
1114 of the Bankruptcy Code, subject only to the Carve Out.</P>

<P STYLE="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">&ldquo;<B><I>Assignment Agreement</I></B>&rdquo;
has the meaning set forth in <U>Section&#8239;10.1(a)</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: justify; text-indent: 0.5in">&ldquo;<B><I>Bank</I></B>&rdquo;
means a bank or other financial institution that solicits, receives, or accepts money or its equivalent for deposit as a business under
authority granted by the appropriate U.S. federal or state regulatory agency.</P>

<P STYLE="font: 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">&ldquo;<B><I>Bankruptcy Code</I></B>&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; text-align: justify; text-indent: 0.5in">&ldquo;<B><I>Bankruptcy Court</I></B>&rdquo;
has the meaning set forth in the Preliminary Statements.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Benchmark</I></B>&rdquo;
means, initially, the Term SOFR Reference Rate; <B><I>provided</I></B> that if a Benchmark Transition Event has occurred with respect
to the Term SOFR Reference Rate or the then-current Benchmark, then &ldquo;Benchmark&rdquo; means the applicable Benchmark Replacement
to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to <U>Section&#8239;1.8</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: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Benchmark
Default Ratio</I></B>&rdquo; means 2.25% or such other percentage as provided by the Borrower and approved by the Requisite Lenders.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Benchmark
Dilution Ratio</I></B>&rdquo; means 1.08% or such other percentage as provided by the Borrower and approved by the Requisite Lenders.</P>

<P STYLE="font: 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">&ldquo;<B><I>Benchmark Exchange
Rate</I></B>&rdquo; means, as of any date of determination and with respect to each Foreign Currency Receivable acquired by the Borrower
under the applicable Purchase and Sale Agreement, the spot exchange rate therefor (expressed as the number of Euros per one Dollar) as
quoted by Bloomberg at approximately 11:00 a.m.&#8239;(New York City time) on the day immediately preceding the applicable Purchase 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: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Benchmark
Replacement</I></B>&rdquo; means, either of the following to the extent selected by Administrative Agent in consultation with the Investment
Manager,</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Daily
Simple SOFR; 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
sum of: (i)&#8239;the alternate benchmark rate that has been selected by the Administrative Agent and the Investment Manager giving due
consideration to (A)&#8239;any selection or recommendation of a replacement benchmark rate or the mechanism for determining such a rate
by the Relevant Governmental Body or (B)&#8239;any evolving or then-prevailing market convention for determining a benchmark rate as a
replacement to the then-current Benchmark for Dollar-denominated syndicated credit facilities at such time and (ii)&#8239;the related Benchmark
Replacement Adjustment.</P>

<P STYLE="font: 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">If the Benchmark Replacement
as determined pursuant to <U>clause (a)</U>&#8239;or <U>(b)</U>&#8239;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 Transaction 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; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Benchmark
Replacement Adjustment</I></B>&rdquo; means, with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark
Replacement, the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative
value or zero) that has been selected by the Administrative Agent and the Investment Manager giving due consideration to (a)&#8239;any
selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement
of such Benchmark with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body or (b)&#8239;any evolving or then-prevailing
market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement
of such Benchmark with the applicable Unadjusted Benchmark Replacement for Dollar-denominated syndicated credit facilities.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Benchmark
Replacement Date</I></B>&rdquo; means the earliest to occur of the following events with respect to the then-current Benchmark:</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>in
the case of <U>clause (a)</U>&#8239;or <U>(b)</U>&#8239;of the definition of &ldquo;Benchmark Transition Event&rdquo;, the later of (i)&#8239;the
date of the public statement or publication of information referenced therein and (ii)&#8239;the date on which the administrator of such
Benchmark (or the published component used in the calculation thereof) permanently or indefinitely ceases to provide such Benchmark (or
such component thereof); 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>in
the case of <U>clause (c)</U>&#8239;of the definition of &ldquo;Benchmark Transition Event&rdquo;, the first date on which such Benchmark
(or the published component used in the calculation thereof) has been determined and announced by or on behalf of the administrator of
such Benchmark (or such component thereof) or the regulatory supervisor for the administrator of such Benchmark (or such component thereof)
to be no longer representative; <B><I>provided</I></B> that such non-representativeness or non-compliance will be determined by reference
to the most recent statement or publication referenced in such <U>clause (c)</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: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Benchmark
Transition Event</I></B>&rdquo; means the occurrence of one or more of the following events with respect to the then-current Benchmark:</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>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 such Benchmark (or such component thereof),
permanently or indefinitely, <B><I>provided</I></B> that, at the time of such statement or publication, there is no successor administrator
that will continue to provide such Benchmark (or such component thereof);</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>a
public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published
component used in the calculation thereof), the Federal Reserve Board, the Federal Reserve Bank of New York, an insolvency official with
jurisdiction over the administrator for such Benchmark (or such component), a resolution authority with jurisdiction over the administrator
for such Benchmark (or such component) or a court or an entity with similar insolvency or resolution authority over the administrator
for such Benchmark (or such component), which states that the administrator of such Benchmark (or such component) has ceased or will cease
to provide such Benchmark (or such component thereof) permanently or indefinitely, <B><I>provided</I></B> that, at the time of such statement
or publication, there is no successor administrator that will continue to provide such Benchmark (or such component thereof); or</P>

<P STYLE="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>
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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"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>a
public statement or publication of information by or on behalf of the administrator of such Benchmark (or the published component used
in the calculation thereof) or the regulatory supervisor for the administrator of such Benchmark (or such component thereof) announcing
that such Benchmark (or such component thereof) is no longer, or as of a specified future date will no longer be, representative.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<B><I>Benchmark
Unavailability Period</I></B>&rdquo;</FONT> means, the period (if any) (a)&#8239;beginning at the time that a Benchmark Replacement Date
has occurred if, at such time, no Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any
Transaction Document in accordance with <U>Section&#8239;1.8</U> and (b)&#8239;ending at the time that a Benchmark Replacement has replaced
the then-current Benchmark for all purposes hereunder and under any Transaction Document in accordance with <U>Section&#8239;1.8</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: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>&ldquo;</B></FONT><B><I>Billed
Receivables</I></B><I>&rdquo;</I> means, on the relevant Purchase Date, a Receivable that has arisen under a Contract in respect of the
sale of chemical products, plastics, latex binders, synthetic rubber or similar products or services to an Obligor and in respect of which
an Invoice has been issued on or prior to such Purchase Date<B><I>.</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: 0.5in">&ldquo;<B><I>Bloomberg</I></B>&rdquo;
means Bloomberg Index Services Limited.</P>

<P STYLE="font: 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">&ldquo;<B><I>Board of Directors</I></B>&rdquo;
means, as to any Person, the board of directors or other governing body of such Person, or if such Person does not have such a board of
directors or other governing body and is owned or managed by a single entity, the board of directors or other governing body of such 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; text-align: justify; text-indent: 0.5in">&ldquo;<B><I>Borrower</I></B>&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; text-align: justify; text-indent: 0.5in">&ldquo;<B><I>Borrower Obligations</I></B>&rdquo;
means all present and future indebtedness, reimbursement obligations, and other liabilities and obligations (howsoever created, arising
or evidenced, whether direct or indirect, absolute or contingent, or due or to become due) of the Borrower to Administrative Agent, the
Collateral Agent any Lender and each Indemnified Party, arising under or in connection with this Agreement or any other Transaction Document,
and shall include, without limitation, the Aggregate Revolving Principal outstanding hereunder, all Interest, Shortfall Interest, Fees,
other fees and all other amounts due or to become due under the Transaction Documents (whether in respect of fees, costs, expenses, indemnifications
or otherwise), including interest (including Shortfall Interest), fees and other obligations that accrue after the commencement of any
Insolvency Proceeding with respect to the Borrower (in each case whether or not allowed or allowable as a claim in such 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Borrower
Power of Attorney</I></B>&rdquo; means a power of attorney substantially in the form of Schedule 4 to each Purchase and Sale Agreement
(or, with respect to the U.S. Purchase and Sale Agreement, Part&#8239;B of Schedule 4 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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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Borrowing Availability</I></B>&rdquo;
means, on any Business Day, the amount, if any, by which the Aggregate Revolving Principal outstanding hereunder will be less than the
lesser of (a)&#8239;the Facility Limit and (b)&#8239;the Borrowing Base as of such 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; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<B><I>Borrowing
Base</I></B>&rdquo;</FONT> means, on any date of determination, an amount equal to the result of (a)&#8239;the product, without duplication,
of (i)&#8239;the Advance Rate, as of such date, <U>times</U> (ii)&#8239;the U.S. Dollar Equivalent of the aggregate Outstanding Balance
of all Eligible Receivables, as of such date, <U>minus</U> (b)&#8239;the Required Reserves, as of such date, <U>minus</U> (c)&#8239;the
Excess Concentration Amount, as of such date <U>plus</U> (d)&#8239;the U.S. Dollar Equivalent of the Undistributed Collections, as of 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; text-align: justify; text-indent: 0.5in">&ldquo;<B><I>Borrowing Date</I></B>&rdquo;
means the Business Day on which any Advance is 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; text-align: justify; text-indent: 0.5in">&ldquo;<B><I>Borrowing Notice</I></B>&rdquo;
has the meaning set forth in <U>Section&#8239;1.2(a)</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: justify; text-indent: 0.5in">&ldquo;<B><I>Business Day</I></B>&rdquo;
means any day (other than a Saturday or Sunday) on which Banks are not authorized or required to close in New York City, New York or in
any location where a Transaction Account is maintained.</P>

<P STYLE="font: 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">&ldquo;<B><I>Calculation Period</I></B>&rdquo;
means the fiscal month corresponding to the Borrower&rsquo;s monthly reporting cycle.</P>

<P STYLE="font: 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">&ldquo;<B><I>Capital Stock</I></B>&rdquo;
means, with respect to any Person, all shares, interests, participations or other equivalents (however designated, whether voting or non-voting)
of such Person&rsquo;s capital, whether now outstanding or issued or acquired after the Original Closing Date, including common shares,
preferred shares, membership interests in a limited liability company, limited or general partnership interests in a partnership, interests
in a trust, interests in other unincorporated organizations, warrants, options or other rights for the purchase or acquisition from such
Person of shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase
or acquisition from such Person of such shares (or such other interests) or any other equivalent of such ownership 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Carve Out</I></B>&rdquo;
has the meaning given to such term in the Eligible DIP Order; <B><I>provided that</I></B> any amendment, modification or supplement to
the Carve Out after the date of entry of the Eligible DIP Order that would be materially adverse to the interests of the Administrative
Agent, the Collateral Agent or any Lender (each in such capacity) shall not be effective for purposes of this Agreement without the prior
written consent (not to be unreasonably withheld) of the affected Administrative Agent or Lender, 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Case Milestones</I></B>&rdquo;
means (i)&#8239;the Bankruptcy Court shall have entered the Interim Order by no later than four (4)&#8239;calendar days following the Petition
Date, (ii)&#8239;the Bankruptcy Court shall have entered the Solicitation Procedures Order and conditionally approved the Disclosure Statement
no later than four (4)&#8239;Business Days following the Petition Date, (iii)&#8239;the Bankruptcy Court shall have entered the Final Order
no later than 35 calendar days following the Petition Date, (iv)&#8239;the Bankruptcy Court shall have entered the Confirmation Order no
later than 60 calendar days following the Petition Date and (v)&#8239;the Plan Effective Date shall have occurred on or before the Outside
Date (all such terms other than Interim Order and Final Order shall have the meanings assigned to them in the Restructuring Support 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"></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">&ldquo;<B><I>Change in Control</I></B>&rdquo;
means the occurrence of any 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; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Trinseo
PLC ceases to own beneficially and of record directly or indirectly ordinary shares representing more than 50% of the voting power of
the Parent Guarantor and the Originators of the votes capable of being cast; or (ii)&#8239;any Person acquires beneficially and of record
directly or indirectly ordinary shares representing more than 50% of the voting power of Trinseo PLC; 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; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
occurrence of any change in control (however denominated) under and as defined in any indenture or agreement in respect of the DIP Credit
Agreement or any DIP Facility, in each case either (i)&#8239;as in effect on the Restatement Date and without giving effect to any amendment
or modification thereto or any termination thereof or (ii)&#8239;as in effect on the relevant date 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<B><I>Chapter
11 Cases</I></B>&rdquo; </FONT>means the cases filed under chapter 11 of the Bankruptcy Code commenced by the Debtors in the Bankruptcy
Court and jointly administered under the same case number.</P>

<P STYLE="font: 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">&ldquo;<B><I>Code</I></B>&rdquo;
means the Internal Revenue Code of 1986, and the rules&#8239;and regulations thereunder, each as amended or modified 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Collateral</I></B>&rdquo;
has the meaning specified in <U>Section&#8239;11.1</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: justify; text-indent: 0.5in">&ldquo;<B><I>Collateral Document</I></B>&rdquo;
means the Dutch Collateral Documents, the Swiss Collateral Documents, the German Collateral Documents and the U.S. Collateral Documents,
as the context may require.</P>

<P STYLE="font: 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">&ldquo;<B><I>Collection Account</I></B>&rdquo;
means the Dutch Collection Accounts, Swiss Collection Accounts, German Collection Accounts, U.S. Collection Accounts and each other depositary
account, clearing account or similar account of an Originator in which any Collections are collected or deposited, including the accounts
listed on <U>Exhibit&#8239;IV</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: 0.5in">&ldquo;<B><I>Collection Account
Liens</I></B>&rdquo; means the valid, binding, continuing, enforceable, unavoidable and fully perfected first-priority continuing security
interests in and liens upon each Originator&rsquo;s right, title and interest in the Collection Accounts and the proceeds thereof granted
to the Collateral Agent (for the benefit of itself and the other Secured Parties) under sections 364(c)(2)&#8239;and 364(d)(1)&#8239;of
the Bankruptcy Code pursuant to the Facility Order, in each case as security for the Securitization Facility 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: justify; text-indent: 0.5in">&ldquo;<B><I>Collection Bank</I></B>&rdquo;
means, at any time, any Bank at which a Collection Account is maintained.</P>

<P STYLE="font: 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">&ldquo;<B><I>Collections</I></B>&rdquo;
means, with respect to any Pool Receivable, (a)&#8239;all funds that are (i)&#8239;received by any Originator, any Servicer, the U.S. Intermediate
Transferor, the Borrower, the Investment Manager or any other Person on their behalf in payment of any amounts owed in respect of such
Pool Receivable (including purchase price, service charges, finance charges, interest, fees and all other charges) or (ii)&#8239;applied
to amounts owed in respect of such Pool Receivable (including insurance payments, proceeds of drawings under supporting letters of credit
and net proceeds of the sale or other disposition of repossessed goods or other collateral or property of the related Obligor or any other
Person directly or indirectly liable for the payment of such Pool Receivable and available to be applied thereon), (b)&#8239;all Deemed
Collections, (c)&#8239;all proceeds of all Related Security with respect to such Pool Receivable and (d)&#8239;all other proceeds of such
Pool Receivable.</P>

<P STYLE="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"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Competing
Transaction</I></B>&rdquo; (a)<B>&#8239;</B>means any asset-based financing facility, a borrowing base facility or similar credit facility
(including any incremental facility, ancillary facility, refinancing facility or other facility with any existing lender) involving the
sale or pledge of accounts receivables (i)&#8239;governed by the laws of the United States, the United Kingdom, Germany, Switzerland or
the Netherlands as all or substantially all of the collateral or credit support for such facility or (ii)&#8239;in respect of any Obligor
that is not an Excluded Obligor hereunder or (b)&#8239;any other sale or pledge (including in respect of any factoring facility) of any
accounts receivable referred to in the preceding <U>clause (a)</U>; <B><I>provided</I></B> that factoring facilities entered into in the
ordinary course of business involving the sale of Receivables for which the Obligor is Coexpan S.A., Torraspapel, S.A. or their respective
Subsidiaries, in an amount not to exceed &euro;4,500,000 in the aggregate in any Calculation Period shall not be considered a Competing
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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Conforming Changes</I></B>&rdquo;
means, with respect to either the use, administration, adoption or implementation of any Benchmark Replacement, any technical, administrative
or operational changes (including changes to the definition of &ldquo;ABR&rdquo;, the definition of &ldquo;Business Day,&rdquo; or the
definition of &ldquo;U.S. Government Securities Business Day,&rdquo; or any similar or analogous definition (or the addition of a concept
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, the applicability and length of lookback periods, the applicability of Section&#8239;1.8
and other technical, administrative or operational matters) that the Administrative Agent decides, with the consent of the Investment
Manager (on behalf of the Borrower) (such consent not to be unreasonably withheld), may be appropriate to reflect the adoption and implementation
of any such rate or to permit the use and administration thereof by the Administrative Agent in a manner substantially consistent with
market practice (or, if the Administrative Agent decides that adoption of any portion of such market practice is not administratively
feasible or if the Administrative Agent determines, with the consent of the Investment Manager (on behalf of the Borrower) (such consent
not to be unreasonably withheld) that no market practice for the administration of any such rate exists, in such other manner of administration
as the Administrative Agent decides is reasonably necessary in connection with the administration of this Agreement and the other Transaction
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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Connection Income
Taxes</I></B>&rdquo; means Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise
Taxes or branch profits Taxes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B><I>Contract</I></B>&rdquo;
means, with respect to any Pool Receivable, any and all instruments, documents, agreements, invoices or other writings pursuant to which
such Receivable arises or which evidences such Receivable (including any right to interest for late payment of which the Originator or
the U.S. Intermediate Transferor is the beneficiary).</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">&ldquo;<B><I>Contractual
Maturity Date</I></B>&rdquo; means the earlier of May&#8239;</FONT>29, 2027 and the date that the Debtors exit the Chapter 11 Cases under
a chapter 11 plan.</P>

<P STYLE="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">&ldquo;<B><I>Control Agreement</I></B>&rdquo;
means an agreement, in form and substance acceptable to the Collateral Agent and Requisite Lenders, that provides, following a Notice
of Exclusive Control, the Collection Bank is directed to take instructions exclusively from the Collateral Agent with respect to the disposition
of funds in such Collection Account without further consent of any applicable Trinseo 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: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Corporate
Administrator</I></B>&rdquo; means TMF Administration Services Limited or another nationally or regionally recognized third-party corporate
service provider.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt"><B>&ldquo;</B></FONT><B><I>Corporate
Services Agreement</I></B>&rdquo; means a corporate service agreement, in substance substantially similar to the corporate services agreement
dated 12 August&#8239;2010 between the Corporate Administrator and the 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Country
Trigger I</I></B>&rdquo; means (a)&#8239;with respect to Turkey, the removal or resignation of Turkey from the North Atlantic Treaty Organization,
(b)&#8239;with respect to Turkey or Egypt, an act of military aggression by or at the direction of the government of Turkey or Egypt towards
a member of the North Atlantic Treaty Organization or (c)&#8239;with respect to Turkey or Egypt, the occurrence of widespread riots or
civil disturbances, in each case of this <U>clause (c)</U>, leading to material disruption of the legal system or rule&#8239;of law, which
material disruption has been continuing for a period of at least 30 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; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Country
Trigger II</I></B>&rdquo; means, with respect to Turkey or Egypt, (a)&#8239;such country becoming a Sanctioned Country, (b)&#8239;the declaration
of war by Turkey or Egypt towards a member of the North Atlantic Treaty Organization, (c)&#8239;a member of the North Atlantic Treaty Organization
declares war against Turkey or Egypt or (d)&#8239;the occurrence of an insurrection or coup against the then-governing government of such
country, in each case of this <U>clause (d)</U>, leading to material disruption of the legal system or rule&#8239;of law, which material
disruption has been continuing for a period of at least 30 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; text-align: justify; text-indent: 0.5in">&ldquo;<B><I>Credit and Collection
Policy</I></B>&rdquo; means, as the context may require, the origination, credit and collection procedures employed by the relevant Originator
from time to time in relation to the provision and sale of chemical products, plastics, latex binders, synthetic rubber or similar products
and related services, in each case, in effect on the Original Closing Date and described in <U>Exhibit&#8239;VI</U>, as modified from time
to time in compliance 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; text-align: justify; text-indent: 0.5in">&ldquo;<B><I>Daily Report</I></B>&rdquo;
means a daily report of the Borrowing Base containing the information set forth in the Swiss Servicers' Daily Report, the German Servicer's
Daily Report, the Dutch Servicer's Daily Report and the U.S. Servicers' Daily Report, substantially in the form of <U>Exhibit&#8239;VIII</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: justify; text-indent: 0.5in">&ldquo;<B><I>Daily Reporting
Date</I></B>&rdquo; means each date on which a Swiss Servicers' Daily Report, a German Servicer's Daily Report, a Dutch Servicer's Daily
Report or a U.S. Servicers' Daily Report is delivered.</P>

<P STYLE="font: 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">&ldquo;<B><I>Daily Simple
SOFR</I></B>&rdquo; means, for any day, SOFR, with the conventions for this rate (which will include a lookback) being established by
the Administrative Agent in accordance with the conventions for this rate selected or recommended by the Relevant Governmental Body for
determining &ldquo;Daily Simple SOFR&rdquo; for syndicated business loans; <B><I>provided</I></B> that if the Administrative Agent decides
that any such convention is not administratively feasible for the Administrative Agent, then the Administrative Agent may establish another
convention in its reasonable discretion.</P>

<P STYLE="font: 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">&ldquo;<B><I>Days Sales Outstanding</I></B>&rdquo;
means, as of any day, an amount equal to (a)&#8239;the Pool Balance as of the last day of the most recently ended Calculation Period <I>divided
by</I> (b)(i)&#8239;the aggregate amount of Receivables created during such Calculation Period <I>divided by</I> (ii)&#8239;30.</P>

<P STYLE="font: 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">&ldquo;<B><I>Debtor Relief
Laws</I></B>&rdquo; means the Bankruptcy Code, the Swiss Federal Debt Enforcement and Bankruptcy Act of April&#8239;11, 1889 and the Swiss
Code of Obligations of March&#8239;30, 1911 and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors,
moratorium, rearrangement, receivership, insolvency, reorganization, examinership or similar debtor relief Laws of the United States of
America, the Netherlands, Switzerland or other applicable jurisdictions from time to time in effect and affecting the rights of creditors
generally.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">&ldquo;<B><I>Debtors</I></B>&rdquo;
means, collectively, the U.S. Originators, Trinseo Ireland (in each of its capacities as Investment Manager and Servicer), the Parent
Guarantor, and each other Affiliate of the Parent Guarantor </FONT>that has filed a voluntary petition for relief under chapter 11 of
the Bankruptcy Code commencing one of the Chapter 11 Cases.</P>

<P STYLE="font: 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">&ldquo;<B><I>Deemed Collections</I></B>&rdquo;
means the aggregate of all amounts the Borrower shall have been deemed to have received as a Collection of a Pool Receivable. The Borrower
shall be deemed to have received a Collection of a Pool Receivable if any Dilution occurs with respect to such Pool Receivable. The amount
of the Collection which the Borrower shall be deemed to have received shall equal the amount by which the Outstanding Balance of such
Pool Receivable was reduced as a result 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Default Interest</I></B>&rdquo;
means Interest arising from the application of the Default 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<B><I>Default
Rate</I></B>&rdquo;</FONT> means a per annum rate of interest equal to 2.0%.</P>

<P STYLE="font: 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">&ldquo;<B><I>Default Ratio</I></B>&rdquo;
means, with respect to any Calculation Period, the ratio (expressed as a percentage) computed by dividing (a)&#8239;the Default Relevant
Amount for such Calculation Period by (b)&#8239;the U.S. Dollar Equivalent of the Outstanding Balance of all Pool Receivables for such
Calculation Period.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">&ldquo;<B><I>Default
Relevant Amount</I></B>&rdquo; means, with respect to any Calculation Period, U.S. Dollar Equivalent of the Outstanding Balance of </FONT>all
Defaulted Receivables for such Calculation Period.</P>

<P STYLE="font: 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">&ldquo;<B><I>Default Reserves</I></B>&rdquo;
means, with respect to any Calculation Period, the product of (a)&#8239;1.5 multiplied by (b)&#8239;the Pool Balance for such Calculation
Period multiplied by (c)&#8239;the greatest&#8239; of (i)&#8239;the Benchmark Default Ratio, (ii)&#8239;the monthly average of the Default
Ratio for the immediately preceding 12 consecutive Calculation Periods and (iii)&#8239;the Default Ratio for the fiscal month most recently
ended.</P>

<P STYLE="font: 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">&ldquo;<B><I>Defaulted Receivable</I></B>&rdquo;
means a Receivable: (a)&#8239;as to which the Obligor thereof or any other Person obligated thereon or owning any Related Security with
respect thereto is subject to an Insolvency Proceeding; (b)&#8239;which (i)&#8239;has been written off the applicable Originator&rsquo;s,
the U.S. Intermediate Transferor&rsquo;s or the Borrower&rsquo;s books as uncollectible or (ii)&#8239;consistent with the Credit and Collection
Policy, should be written off the applicable Originator&rsquo;s, the U.S. Intermediate Transferor&rsquo;s or the Borrower&rsquo;s books
as uncollectible; or (c)&#8239;which is a Delinquent Receivable.</P>

<P STYLE="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">&ldquo;<B><I>Delinquent Receivable</I></B>&rdquo;
means a Receivable as to which any payment, or part thereof, remains unpaid for more than 90 days from the Due Date for such Receivable.</P>

<P STYLE="font: 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">&ldquo;<B><I>Dilution</I></B>&rdquo;
means the amount of any reduction or cancellation of the Outstanding Balance of a Pool Receivable due to (a)&#8239;any defective or rejected
goods or services, any cash discount or any other adjustment (whether contractual or otherwise) by any Originator or any Affiliate thereof
(other than as a result of any Collections), or as a result of any governmental or regulatory action, (b)&#8239;any setoff in respect of
any claim by the Obligor thereof (whether such claim arises out of the same or a related or an unrelated transaction), (c)&#8239;any warranty
claim, rebate or refund, (d)&#8239;any misstatement of the amount thereof, or (e)&#8239;any extension, amendment or other modification to
the payment terms of any Pool Receivable or any Contract related to such Pool Receivable in any material respect other than in accordance
with the Credit and Collection Policy; <B><I>provided</I></B>, <B><I>however</I></B>, that &ldquo;Dilution&rdquo; shall not include (x)&#8239;a
credit memo where offset by a rebill or correction on the same day when the original due date is not extended and such re-bill or correction
can be captured and reported or (y)&#8239;Pool Receivables that are uncollectible solely on account of the insolvency, bankruptcy or lack
of creditworthiness or other financial or credit condition of the related Obligor.</P>

<P STYLE="font: 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">&ldquo;<B><I>Dilution Ratio</I></B>&rdquo;
means, with respect to any Calculation Period, the ratio (expressed as a percentage) computed by dividing (a)&#8239;the U.S. Dollar Equivalent
of the aggregate Dilution for such Calculation Period by (b)&#8239;the aggregate U.S. Dollar Equivalent of the Outstanding Balance of all
Pool Receivables for such Calculation Period.</P>

<P STYLE="font: 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">&ldquo;<B><I>Dilution Reserves</I></B>&rdquo;
means, with respect to any Calculation Period, the product of (a)&#8239;1.5 multiplied by (b)&#8239;the Pool Balance for such Calculation
Period&#8239; multiplied by (c)&#8239;the greatest of (i)&#8239;the Benchmark Dilution Ratio, (ii)&#8239;the monthly average of the Dilution
Ratio for the immediately preceding 12 consecutive Calculation Periods and (iii)&#8239;the Dilution Ratio for the fiscal month most recently
ended.</P>

<P STYLE="font: 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">&ldquo;<B><I>DIP Credit Agreement</I></B>&rdquo;
means (1)&#8239;that certain Senior Secured Super-Priority Debtor-in-Possession Holdco Credit Agreement, dated as of May&#8239;29, 2026
(as amended, supplemented and/or otherwise modified from time to time in accordance with the terms thereof), among Trinseo LuxCo Finance
SPV S.&agrave; r.l., as the lead borrower, Trinseo NA Finance SPV LLC, as co-borrower, Trinseo PLC, as parent, Trinseo NA Finance LLC,
as holdings, the guarantors party thereto from time to time, the lenders party thereto from time to time, and Alter Domus (US) LLC, as
administrative agent and collateral agent and (2)&#8239;that certain Senior Secured Super-Priority Debtor-In-Possession Credit Agreement,
dated as of May&#8239;29, 2026 (as amended, supplemented and/or otherwise modified from time to time in accordance with the terms thereof),
among Trinseo Holding S.&agrave; r.l., as the lead borrower, Trinseo Luxco S.&agrave; r.l., as holdings, Trinseo Materials Finance,&#8239;Inc.,
as co-borrower, the guarantors party thereto from time to time, the lenders party thereto from time to time, and Deutsche Bank AG New
York Branch, as administrative agent and collateral agent (collectively, the &ldquo;<B>DIP Credit Agreements</B>&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"></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">&ldquo;<B><I>DIP Facility</I></B>&rdquo;
means any secured debtor-in-possession credit facility entered into by one or more members of the Trinseo Parties (it being understood
and agreed that this Agreement together with the other Transaction Documents shall not constitute a DIP 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>DIP Order</I></B>&rdquo;
means any order of the Bankruptcy Court (whether interim or final) approving any DIP Facility, as the same may be amended, restated, supplemented
or otherwise modified 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>DIP Superpriority
Claims</I></B>&rdquo; means superpriority administrative expense claims granted to the lenders or agents under any Eligible DIP Facility
pursuant to section 364(c)(1)&#8239;of the Bankruptcy 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Dollar</I></B>&rdquo;
and &ldquo;<B><I>$</I></B><I>&rdquo; </I>mean lawful money of the United States.</P>

<P STYLE="font: 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">&ldquo;<B><I>Dominion Date</I></B>&rdquo;
means the date on which the Collateral Agent delivers to any Collection Bank a Notice of Exclusive Control pursuant to <U>Section&#8239;6.4</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: justify; text-indent: 0.5in">&ldquo;<B><I>Dominion Period</I></B>&rdquo;
means the period beginning on the Dominion Date and ending on the earlier of (x)&#8239;the date thereafter when all Borrower Obligations
have been paid in full and all Revolving Commitments have been terminated and (y)&#8239;the date thereafter that the related Notice of
Exclusive Control has been withdrawn by the Collateral 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">&ldquo;<B><I>Due Date</I></B>&rdquo;
means, with respect to any Receivable and as of any date of determination, the original due date for such Receivable.</P>

<P STYLE="font: 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">&ldquo;<B><I>Dutch Collateral
Documents</I></B>&rdquo; means (i)&#8239;any Dutch Control Agreement, (ii)&#8239;the Swiss Security Assignment Agreement and (iii)&#8239;any
other document so designated by the Investment Manager and the Administrative Agent as a &ldquo;Dutch Collateral Document&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: 0.5in">&ldquo;<B><I>Dutch Collection
Accounts</I></B>&rdquo; means the Collection Accounts owned by the Dutch Originators, which receive Collections related to the Dutch Purchased
Receivables sold by the Dutch Originators to the Borrower pursuant to each Dutch Purchase and Sale 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">&ldquo;<B><I>Dutch Control
Agreement</I></B>&rdquo; means any Control Agreement entered into with respect to a Dutch Collection 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Dutch Originator</I></B>&rdquo;
means Trinseo Netherlands B.V., incorporated in The Netherlands and having its official seat in Hoek, municipality Terneuzen, the Netherlands,
registered with the Dutch register under 20162359, in its capacity as seller of Receivables to the Borrower under each Dutch Purchase
and Sale 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">&ldquo;<B><I>Dutch Purchase
and Sale Agreement</I></B>&rdquo; means each of the Dutch Purchase and Sale Agreement (New York Law) and the Dutch Purchase and Sale Agreement
(Swiss 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: 0.5in">&ldquo;<B><I>Dutch Purchase
and Sale Agreement (New York Law)</I></B>&rdquo; means the New York law Second Amended and Restated Dutch Receivables Purchase Agreement,
dated as of the Restatement Date (and as further as amended, restated, amended and restated, supplemented or otherwise modified from time
to time in accordance with the terms hereof), between the Dutch Originator, the Borrower, the Investment Manager and the Collateral Agent,
with respect to Dutch Purchased Receivables that are not governed by Contracts under the laws of Switzerland.</P>

<P STYLE="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">&ldquo;<B><I>Dutch Purchase
and Sale Agreement (Swiss Law)</I></B>&rdquo; means the Amended and Restated Swiss law Dutch Receivables Purchase Agreement, dated as
of the Restatement Date (and as further as amended, restated, amended and restated, supplemented or otherwise modified from time to time
in accordance with the terms hereof), between the Dutch Originator, the Borrower and the Investment Manager, with respect to Dutch Purchased
Receivables that are governed by Contracts under the laws of Switzerland.</P>

<P STYLE="font: 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">&ldquo;<B><I>Dutch Purchased
Receivables</I></B>&rdquo; means the Receivables purchased by the Borrower on the terms of each Dutch Purchase and Sale 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">&ldquo;<B><I>Dutch Servicer
Report</I></B>&rdquo; means the Dutch Servicer's Daily Report or the Dutch Servicer's Monthly Report (as the case may be).</P>

<P STYLE="font: 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">&ldquo;<I>'<B>Dutch Servicer's
Daily Report</B></I>&rdquo; means any document prepared by the Dutch Servicer in accordance with clause 7.2 (<I>Dutch Servicer's Daily
Reports</I>) of the Dutch Servicing 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"><FONT STYLE="font-size: 10pt"><B>&ldquo;<I>Dutch
Servicer's Monthly Report</I></B></FONT>&rdquo; means any document prepared by the Dutch Servicer in accordance with clause 7.1 (<I>Dutch
Servicer's Monthly Reports</I>) of the Dutch Servicing 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">&ldquo;<B><I>Dutch Servicers</I></B>&rdquo;
means the person appointed by the Borrower under the Dutch Servicing Agreement to manage and provide administration and collection services
in relation to the Dutch Purchased Receivables, being Trinseo Netherlands B.V. as of the Restatement 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: 0.5in">&ldquo;<B><I>Dutch Servicing
Agreement</I></B>&rdquo; means the Second Amended and Restated Servicing Agreement, dated as of the Restatement Date (and as further as
amended, restated, amended and restated, supplemented or otherwise modified from time to time in accordance with the terms hereof), relating
to the Dutch Purchased Receivables between the Borrower and the Dutch Servicers.</P>

<P STYLE="font: 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">&ldquo;<B><I>Dutch Transaction
Documents</I></B>&rdquo; means</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>each
Dutch Purchase and Sale 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Dutch Servicing 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"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>any
Dutch Collateral 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; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>any
other document so designated by the Investment Manager and the Administrative Agent as a &ldquo;Dutch Transaction Document&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: 0.5in">&ldquo;<B><I>Eligible Bank</I></B>&rdquo;
means a Bank that is (x)&#8239;rated at least BBB by S&amp;P (or the equivalent thereof) by a nationally recognized statistical ratings
organization and (y)&#8239;is reasonably acceptable to the Requisite Lenders; <I>provided</I> that the Collection Banks as of the Restatement
Date are reasonably acceptable to the Requisite Lenders.</P>

<P STYLE="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">&ldquo;<B><I>Eligible Country</I></B>&rdquo;
means any member state of the European Union, Canada, Finland,&#8239;Israel, Norway, South Africa, Sweden, Switzerland, the United Kingdom
and the United States (or such other country consented to in writing by the Administrative Agent (acting at the direction of the Requisite
Lenders)).</P>

<P STYLE="font: 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">&ldquo;<B><I>Eligible DIP
Facility</I></B>&rdquo; means a DIP Facility that satisfies each of the following criteria: (a)&#8239;such DIP Facility is not secured
by any Adverse Claim on (i)&#8239;the equity interests of the Borrower or the U.S. Intermediate Transferor, (ii)&#8239;any Purchased Receivables,
Related Security or Collections, (iii)&#8239;the Collection Accounts or any other Transaction Account or any funds on deposit therein,
or (iv)&#8239;any other AR Facility Collateral; (b)&#8239;no AR Facility Collateral, Purchased Receivables, Collections or Collection Accounts
shall be included in any &ldquo;collateral&rdquo;, &ldquo;prepetition collateral&rdquo; or &ldquo;cash collateral&rdquo; for purposes
of such DIP Facility or the related DIP Order; (c)&#8239;no DIP Superpriority Claims shall rank senior to or pari passu with the AR Superpriority
Claims; (d)&#8239;the related DIP Order shall not (i)&#8239;modify, impair or affect the AR Superpriority Claims, the AR Protective Liens,
the Collection Account Liens or any other rights, remedies or protections of the Secured Parties under the Facility Order or the Transaction
Documents, (ii)&#8239;authorize any surcharge under section 506(c), &ldquo;marshalling&rdquo; or use of the &ldquo;equities of the case&rdquo;
exception of section 552(b)&#8239;of the Bankruptcy Code against any AR Facility Collateral, or (iii)&#8239;authorize the Debtors to use
Collections or other AR Facility Collateral to fund the DIP Facility or the Carve Out (other than as expressly authorized by the Transaction
Documents); and (e)&#8239;the Administrative Agent and each Lender shall have confirmed in writing that such DIP Facility (and the related
DIP Order) is in form and substance reasonably satisfactory to the Administrative Agent and each Lender, it being understood that the
DIP Facilities under the Restructuring Support Agreement are each deemed &ldquo;Eligible DIP Facilities,&rdquo; subject to the Administrative
Agent&rsquo;s reasonable consent rights with respect to the definitive documentation and DIP Orders 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Eligible DIP
Order</I></B>&rdquo; means an order of the Bankruptcy Court approving an Eligible DIP Facility, in form and substance reasonably satisfactory
to the Administrative Agent and each 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Eligible Purchase
Price</I></B>&rdquo; means (i)&#8239;with respect to the German Purchased Receivables, the &ldquo;Purchase Price&rdquo; as defined in the
German Purchase and Sale Agreement, (ii)&#8239;with respect to the U.S. Purchased Receivables under the U.S. Intermediate Transfer Agreement,
the &ldquo;Eligible Purchase Price&rdquo; as defined therein, (iii)&#8239;with respect to the Swiss Purchased Receivables, the &ldquo;Eligible
Purchase Price&rdquo; as defined in the Swiss Purchase and Sale Agreement, (iv)&#8239;with respect to the Dutch Purchased Receivables under
the Dutch Purchase and Sale Agreement (New York Law), the &ldquo;Eligible Purchase Price&rdquo; as defined therein and (v)&#8239;with respect
to the Dutch Purchased Receivables under the Dutch Purchase and Sale Agreement (Swiss Law), the &ldquo;Eligible Purchase Price&rdquo;
as defined 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"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Eligible
Receivable</I></B>&rdquo; means, as of any date of determination, a Pool Receivable that satisfies the following 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Receivable shall represent the valid and binding right, title and interest of the related Originator to receive an amount payable by the
Obligor under a Contract;</P>

<P STYLE="font: 10pt 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: 0.5in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Receivable arises under a Contract that (i)&#8239;is in full force and effect, (ii)&#8239;is governed by the laws of (A)&#8239;with respect
to Receivables sold under the Swiss Purchase and Sale Agreement and Dutch Purchase and Sale Agreement (Swiss Law), Switzerland, (B)&#8239;with
respect to Receivables sold under the German Purchase and Sale Agreement, Germany, (C)&#8239;with respect to Receivables sold under the
Dutch Purchase and Sale Agreement (New York Law), the Netherlands and (D)&#8239;with respect to Receivables sold under the U.S. Receivables
Purchase Agreement, one of the States of the United States of America or the District of Columbia; <B><I>provided</I></B> that (x)&#8239;the
Outstanding Balance of Eligible Receivables with Contracts governed by laws other than as set forth in the preceding <U>clauses (A)</U>&#8239;through
<U>(D)</U>&#8239;shall not exceed 3.00% of Pool Balance at any time and (y)&#8239;if on any date, any Trinseo Party gains knowledge after
due inquiry that a Contract is governed by laws other than as set forth in the preceding <U>clauses (A)</U>&#8239;through <U>(D)</U>, any
Receivable arising under such Contract that is not a Pool Receivable as of such date shall not be an Eligible Receivable at any time thereafter;
and (iii)&#8239;is a legal, valid and binding obligation of the related Obligor, enforceable against such Obligor in accordance with its
terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting
the enforcement of creditors&rsquo; rights generally and by general principles of equity regardless of whether enforceability is 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Receivable shall be free from any right of setoff, counterclaim or commercial dispute, whether pending or threatened, or Adverse Claim
asserting the invalidity of the contract or Receivable, seeking payment of such Receivable or payment and performance of such Contract
or seeking any determination that would reasonably be expected to materially and adversely affect the collectability of such Receivable
or the validity or enforceability of such Receivable or such contract; <I>provided</I> that a Receivable shall only be ineligible to the
extent of such right of setoff, counterclaim, commercial dispute or Adverse Claim;</P>

<P STYLE="font: 10pt 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: 0.5in"><FONT STYLE="font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>in
the case of a Receivable that is not an Unbilled Receivable, the Receivable does not have a Due Date which is more than 120 days after
the original invoice date of such Receivable;</P>

<P STYLE="font: 10pt 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: 0.5in"><FONT STYLE="font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>an
Insolvency Proceeding shall not have occurred with respect to the Obligor of the Receivable or any other Person obligated thereon or owning
any Related Security with respect 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Receivable shall be (i)&#8239;evidenced by an Invoice delivered by the related Originator to the related Obligor (other than with respect
to Unbilled Receivables) and (ii)&#8239;denominated and payable in an Approved 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Obligor of the Receivable is not an Excluded Obligor;</P>

<P STYLE="font: 10pt 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: 0.5in"><FONT STYLE="font-size: 10pt">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Obligor of the Receivable has been instructed to remit Collections in respect thereof directly to a Collection 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">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Receivable (i)&#8239;arises under a duly authorized Contract for the sale of goods or services in the ordinary course of the applicable
Originator&rsquo;s business, (ii)&#8239;does not constitute a loan or other similar financial accommodation being provided by the applicable
Originator, (iii)&#8239;does not bear interest other than in respect of interest charged for late payment and (iv)&#8239;is unsecured other
than by way of retention of title;</P>

<P STYLE="font: 10pt 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: 0.5in"><FONT STYLE="font-size: 10pt">(j)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Receivable has been transferred by an Originator to the Borrower pursuant to a Purchase and Sale Agreement (or by an Originator to the
U.S. Intermediate Transferor pursuant to the U.S. Purchase and Sale Agreement and the U.S. Intermediate Transferor pursuant to the U.S.
Intermediate Transfer Agreement) with respect to which transfer all conditions precedent under the applicable Purchase and Sale Agreement
or U.S. Intermediate Transfer Agreement, as applicable, have been met and such transfer has not (x)&#8239;been made for or on account of
an antecedent debt owed by any Originator, the U.S. Intermediate Transferor to the Borrower or (y)&#8239;been made with the intent to hinder,
defraud or delay any present or future creditors of any Originator, the U.S. Intermediate Transferor or the Borrower or (z)&#8239;occurred
in circumstances that would lead to a court of competent jurisdiction determining such sale to be preferential or fraudulent, an undervalue
transfer or an uncommercial 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(k)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Receivable, together with the Contract related thereto, conforms in all material respects with all applicable Laws (including any applicable
laws relating to usury, truth in lending, fair credit billing, fair credit reporting, equal credit opportunity, fair debt collection practices
and privacy);</P>

<P STYLE="font: 10pt 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: 0.5in"><FONT STYLE="font-size: 10pt">(l)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>all
consents, licenses, approvals or authorizations of, or registrations or declarations with or notices to, any Governmental Authority or
other Person required to be obtained, effected or given by an Originator in connection with (A)&#8239;the creation of the Receivable, (B)&#8239;the
execution, delivery and performance by such Originator of the related Contract, (C)&#8239;the assignment of the Receivable under the applicable
Purchase and Sale Agreement or U.S. Intermediate Transfer Agreement, as applicable, or (D)&#8239;the granting of a Security Interest therein,
in each case, have been duly obtained, effected or given and are in full force and 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(m)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Obligor of the Receivable holds no contractual right as against the applicable Originator to cause such Originator to repurchase the goods,
the sale of which shall have given rise to such Receivable;</P>

<P STYLE="font: 10pt 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: 0.5in"><FONT STYLE="font-size: 10pt">(n)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Receivable satisfies all applicable requirements of the applicable Credit and Collection Policy;</P>

<P STYLE="font: 10pt 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: 0.5in"><FONT STYLE="font-size: 10pt">(o)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Receivable, together with the Contract related thereto, has not been modified, waived or restructured since its creation, except as permitted
pursuant to <U>Section&#8239;5.2(c)</U>&#8239;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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(p)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Borrower owns good and marketable title to the Receivable, free and clear of any Adverse Claims (other than Permitted Liens), and the
Receivable is freely assignable (including without any consent of the related Obligor or any Governmental Authority), and the payments
thereon are free and clear of any, or increased to account for any applicable, withholding Taxes;</P>

<P STYLE="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>
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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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(q)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Collateral Agent (on behalf of the Secured Parties) shall have a valid and enforceable first priority perfected ownership or security
interest in the Receivable and in the Related Security and Collections with respect thereto, in each case free and clear of any Adverse
Claim (other than Permitted 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(r)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>each
U.S. Purchased Receivable (i)&#8239;constitutes an &ldquo;account&rdquo; or &ldquo;general intangible&rdquo; (as defined in the UCC), (ii)&#8239;is
not evidenced by instruments, chattel paper or other document requiring due delivery to achieve a true sale or endorsement and (iii)&#8239;does
not constitute, or arise from the sale of, as-extracted collateral (as defined in the UCC);</P>

<P STYLE="font: 10pt 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: 0.5in"><FONT STYLE="font-size: 10pt">(s)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Receivable represents amounts earned and payable by the Obligor that are not subject to the performance of additional services other than
customary warranty obligations by the Originator thereof (other than, in the case of an Unbilled Receivable, the processing and mailing
of an invoice) or by the Borrower and the related goods shall have been delivered or services performed; <I>provided</I> that if such
Receivable is subject to the performance of additional services, only the portion of such Receivable attributable to such additional services
shall be ineligible;</P>

<P STYLE="font: 10pt 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: 0.5in"><FONT STYLE="font-size: 10pt">(t)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Receivable (i)&#8239;does not arise from a sale of accounts made as part of a sale of a business or constitute an assignment for the purpose
of collection only, (ii)&#8239;is not a transfer of a single account made in whole or partial satisfaction of a preexisting indebtedness
or an assignment of a right to payment under a contract to an assignee that is also obligated to perform under the contract and (iii)&#8239;is
not a transfer of an interest in or an assignment of a claim under a policy of insurance;</P>

<P STYLE="font: 10pt 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: 0.5in"><FONT STYLE="font-size: 10pt">(u)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Receivable does not relate to the sale of any consigned goods or finished goods which have incorporated any consigned goods into such
finished goods;</P>

<P STYLE="font: 10pt 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: 0.5in"><FONT STYLE="font-size: 10pt">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
invoice, bill or payment obligation with respect to the Receivable does not include any monetary obligation that does not constitute a
Receivable;</P>

<P STYLE="font: 10pt 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: 0.5in"><FONT STYLE="font-size: 10pt">(w)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Originator with respect to such Receivable has recognized the related revenue on its financial books and records in accordance with 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(x)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Receivable is not owed by an Obligor or any Affiliate of such Obligor to which any Originator or the U.S. Intermediate Transferor is indebted
and is not subject to any deposit, progress payment, retainage or other similar advance made by or for the benefit of an Obligor or any
Affiliate of such Obligor; <I>provided</I> that only the portion of such Pool Receivable in an amount equal to such indebtedness, deposit,
progress payment, retainage or other advance shall be ineligible;</P>

<P STYLE="font: 10pt 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: 0.5in"><FONT STYLE="font-size: 10pt">(y)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Receivable is not a Delinquent Receivable;</P>

<P STYLE="font: 10pt 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: 0.5in"><FONT STYLE="font-size: 10pt">(z)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>when
reconciling the accounts receivable aging to the general ledger or financial statements of any Trinseo Party, there are not reconciling
items that result in reductions to the Receivable; <I>provided</I> that a Receivable shall only be ineligible to the extent of such reductions;</P>

<P STYLE="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>
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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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(aa)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Obligor of the Receivable is not the Parent Guarantor, an Affiliate of the Parent Guarantor or any employee, officer or director 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(bb)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>there
is no payment that has been received by the Parent Guarantor or any of its Affiliates that has not been applied to an Obligor&rsquo;s
account within the accounts receivable aging; <I>provided</I> that a Receivable shall only be ineligible to the extent of such 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 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(cc)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Obligor of the Receivable does not have any Receivable with any Originator or the U.S. Intermediate Transferor with payment terms providing
for &ldquo;cash in advance&rdquo; or &ldquo;cash on delivery&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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(dd)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Obligor of the Receivable, or any Affiliate of such Obligor or any joint venture in which such Obligor or any Affiliate thereof participates,
does not have Delinquent Receivables, the aggregate Outstanding Balance of which constitute more than 50% of the Outstanding Balance of
all Receivables of such Obligor, or such Affiliates or joint ventures, 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ee)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Obligor of the Receivable is not (i)&nbsp;a Governmental Authority, (ii)&nbsp;Synthos Dwory 7 sp&oacute;&lstrok;ka z ograniczon&aogon;
odpowiedzialno&sacute;ci&aogon; or any of its Affiliates or (iii)&nbsp;Ravapor GmbH or any of its Affiliates;</P>

<P STYLE="font: 10pt 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: 0.5in"><FONT STYLE="font-size: 10pt">(ff)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Receivable is not owed by an Obligor or any Affiliate of such Obligor with which any Originator or the U.S. Intermediate Transferor participates
in a joint venture in respect of which such Originator or the U.S. Intermediate Transferor is indebted, but only to the extent 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(gg)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Receivable is not a credit card or other consumer account receivable or is a consumer credit within the meaning of the Swiss Federal Act
on Consumer Credit of 23 March&#8239;2001, 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(hh)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Receivable does not originate under a Contract subject to any applicable public procurement laws or pursuant to an intra-group 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 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
following conditions are met with respect to the Receivable:</P>

<P STYLE="font: 10pt 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"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
relevant Originator has received a purchase order or similar evidence of an order from the Obligor;</P>

<P STYLE="font: 10pt 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"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
goods have been or are in the process of being shipped or transported by, or on behalf of, the relevant Originator to the Obligor; 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"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Obligor became obliged to pay for the products in accordance with the relevant Contract;</P>

<P STYLE="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>
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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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(jj)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
receivable arises from the sale 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(kk)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>inclusion
of the Receivable as an Eligible Receivable does not cause the aggregate Outstanding Balance of Eligible Receivables owed by Obligors
incorporated in Other Eligible Countries to exceed 15% of the Pool Balance;</P>

<P STYLE="font: 10pt 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: 0.5in"><FONT STYLE="font-size: 10pt">(ll)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>inclusion
of the Receivable as an Eligible Receivable does not cause the aggregate Outstanding Balance of Eligible Receivables owed by Obligors
incorporated in Trigger Countries to exceed, (i)&#8239;so long as no Country Trigger I or Country Trigger II has occurred, 15% of the Pool
Balance, (ii)&#8239;if a Country Trigger I (but not a Country Trigger II) has occurred, 10.0% of the Pool Balance, (iii)&#8239;if a Country
Trigger II has occurred with respect to Egypt, 0% of the Pool Balance shall be attributable to Obligors located in Egypt and (iv)&#8239;if
a Country Trigger II has occurred with respect to Turkey, 0% of the Pool Balance shall be attributable to Obligors located in Turkey;
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: 0.5in"><FONT STYLE="font-size: 10pt">(mm)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Receivable is not more than 120 days past the original invoice date of such Receivable.</P>

<P STYLE="font: 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">&ldquo;<B><I>Emergence Date</I></B>&rdquo;
means the date that the Investment Manager and its Affiliates exit the Chapter 11 Cases under an approved Chapter 11 plan that is acceptable
to the Lenders in their sole and absolute 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; text-align: justify; text-indent: 0.5in">&ldquo;<B><I>EMU</I></B>&rdquo;
means the economic and monetary union in accordance with the Treaty of Rome 1957, as amended by the Single European Act 1986, the Maastricht
Treaty of 1992 and the Amsterdam Treaty of 1998.</P>

<P STYLE="font: 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">&ldquo;<B><I>EMU Legislation</I></B>&rdquo;
means the legislative measures of the European Council for the introduction of, changeover to or operation of a single or unified European
currency.</P>

<P STYLE="font: 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">&ldquo;<B><I>Equity Interests</I></B>&rdquo;
of any Person means any and all shares, interests, rights to purchase or otherwise acquire, warrants, options, participations or other
equivalents of or interests in (however designated) equity or ownership of such Person, including any preferred stock, any limited or
general partnership interest and any limited liability company membership interest, and any securities or other rights or interests convertible
into or exchangeable for 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; text-align: justify; text-indent: 0.5in">&ldquo;<B><I>ERISA</I></B>&rdquo;
means the Employee Retirement Income Security Act of 1974, and the applicable regulations thereunder, each as amended or modified 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>ERISA Affiliate</I></B>&rdquo;
means any Person who together with any party is treated as a single employer within the meaning of Section&#8239;414(b)&#8239;or (c)&#8239;of
the Code (and Sections 414(m)&#8239;and (o)&#8239;of the Code for purposes of provisions relating to Section&#8239;412 of the 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Erroneous Payment</I></B>&rdquo;
has the meaning assigned to it in Section&#8239;9.12(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; text-align: justify; text-indent: 0.5in">&ldquo;<B><I>Erroneous Payment
Deficiency Assignment</I></B>&rdquo; has the meaning assigned to it in Section&#8239;9.12(d).</P>

<P STYLE="font: 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">&ldquo;<B><I>Erroneous Payment
Impacted Class</I></B>&rdquo; has the meaning assigned to it in Section&#8239;9.12(d).</P>

<P STYLE="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">&ldquo;<B><I>Erroneous Payment
Return Deficiency</I></B>&rdquo; has the meaning assigned to it in Section&#8239;9.12(d).</P>

<P STYLE="font: 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">&ldquo;<B><I>Erroneous Payment
Subrogation Rights</I></B>&rdquo; has the meaning assigned to it in Section&#8239;9.12(d).</P>

<P STYLE="font: 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">&ldquo;<B><I>Estimated Senior
Cost Amount</I></B>&rdquo; means the Senior Cost Amount which is expected to become due and payable on the next Monthly Payment 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: 0.5in">&ldquo;<B><I>Euro</I></B>&rdquo;
and &ldquo;<B><I>&euro;</I></B>&rdquo; means the lawful currency of the Participating Member States introduced in accordance with the
EMU Legislation.</P>

<P STYLE="font: 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">&ldquo;<B><I>Excess Concentration
Amount</I></B>&rdquo; means, at any time, the sum (without duplication) 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
excess (if any) of (i)&#8239;the U.S. Dollar Equivalent of the aggregate Outstanding Balance of all Eligible Receivables then in the Receivables
Pool of the Top 3 Obligors, over (ii)&#8239;17.5% of the U.S. Dollar Equivalent of the aggregate Outstanding Balance of all Eligible Receivables
then in the Receivables Pool at such time, <U>plus</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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
excess (if any) of (i)&#8239;the U.S. Dollar Equivalent of the aggregate Outstanding Balance of all Eligible Receivables then in the Receivables
Pool of the Top 5 Obligors, over (ii)&#8239;25.0% of the U.S. Dollar Equivalent of the aggregate Outstanding Balance of all Eligible Receivables
then in the Receivables Pool at such 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Excluded Obligor</I></B>&rdquo;
means an Obligor that is (i)&#8239;a Sanctioned Person; (ii)&#8239;a natural person; (iii)&#8239;not a resident of an Eligible Country or
an Other Eligible Country or (iv)&#8239;the Identified Excluded Obligors.</P>

<P STYLE="font: 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">&ldquo;<B><I>Excluded Taxes</I></B>&rdquo;
means any of the following Taxes imposed on or with respect to any Recipient or required to be withheld or deducted from a payment to
any Recipient: (a)&#8239;Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in
each case, (i)&#8239;imposed as a result of such Recipient being organized under the laws of, or having its principal office located in,
the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii)&#8239;that are Other Connection Taxes, (b)&#8239;Taxes
attributable to any Lender&rsquo;s failure to comply with <U>Section&#8239;8.5(g)&#8239;or</U> (c)&#8239;any U.S. federal withholding Taxes
imposed under FATCA.</P>

<P STYLE="font: 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">&ldquo;<B><I>Existing Credit
Agreement</I></B>&rdquo; has the meaning set forth in the Preliminary Statements.</P>

<P STYLE="font: 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">&ldquo;<B><I>Facility Account</I></B>&rdquo;
means accounts as may be designated by the Borrower in writing from time to time 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Facility Limit</I></B>&rdquo;
means, at any time prior to the Facility Termination Date, the sum of the Revolving Commitments, as they may be amended from time to time
in accordance with this Agreement. As of the Restatement Date, the Facility Limit is $150,000,000.</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; text-align: justify; text-indent: 0.5in">&ldquo;<B><I>Facility Orders</I></B>&rdquo;
means the Interim Order and the Final Order, as the context may require.</P>

<P STYLE="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">&ldquo;<B><I>Facility Termination
Date</I></B>&rdquo; means the earlier of (i)&#8239;the Contractual Maturity Date and (ii)&#8239;the Amortization 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: 0.5in">&ldquo;<B><I>FATCA</I></B>&rdquo;
means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantially
comparable and not materially more onerous to comply with) any current or future regulations or official interpretations thereof and any
agreements entered into pursuant to Section&#8239;1471(b)(1)&#8239;of the Code and any fiscal or regulatory legislation, rules&#8239;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">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B><I>Federal Funds
Rate</I></B>&rdquo; means, on any date of determination, the greater of (a)&#8239;the rate calculated by the Federal Reserve Bank of New
York based on such day&rsquo;s federal funds transactions by depositary institutions (as determined in such manner as the Federal Reserve
Bank of New York shall set forth on its public website from time to time) and published on the next succeeding Business Day by the Federal
Reserve Bank of New York as the Federal funds effective rate and (b)&#8239;0%.</P>

<P STYLE="font: 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">&ldquo;<B><I>Federal Reserve
Board</I></B>&rdquo; means the Board of Governors of the Federal Reserve System of the United States.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B><I>Fees</I></B>&rdquo;
means any fees payable pursuant to the Lender Fee Letter or Agent Fee Letter.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt"><B><I>&ldquo;Filing
Date&rdquo;</I></B></FONT> means the date on which the Debtors commence the Chapter 11 Cases by filing voluntary petitions for relief
under chapter 11 of the Bankruptcy 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Final Payout
Date</I></B>&rdquo; means the date on or after the Facility Termination Date when (i)&#8239;the Aggregate Revolving Principal has been
reduced to zero and all accrued Interest have been paid in full, (ii)&#8239;all other Borrower Obligations have been paid in full, other
than contingent indemnification obligations to the extent no claim giving rise thereto has been asserted, (iii)&#8239;all other amounts
owing to the Secured Parties hereunder and under the other Transaction Documents have been paid in full, other than contingent indemnification
obligations to the extent no claim giving rise thereto has been asserted and (iv)&#8239;the Revolving Commitments of all Lenders have terminated
or expired.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt"><B><I>&ldquo;Final
Order&rdquo;</I></B></FONT> means a final order of the Bankruptcy Court in form and substance reasonably satisfactory to the Administrative
Agent and the Requisite Lenders, authorizing and approving this Agreement and each of the other Transaction Documents pursuant to Sections
105, 362, 363, 364, 365, 503(b), 506 and 507(b)&#8239;of the Bankruptcy Code and Bankruptcy Rules&#8239;2002, 4001, 6003, 6004, 6006, and
9014, and providing such other relief reasonably requested by the Administrative Agent and the Requisite Lenders, as the same may be amended,
restated, supplemented or otherwise modified from time to time with the prior written consent of the Administrative Agent and the Requisite
Lenders (not to be unreasonably withheld), which order shall not have been (a)&#8239;vacated, reversed, or stayed, or (b)&#8239;amended
or modified, except as otherwise agreed to in writing by the Administrative Agent and each of the Lenders.</P>

<P STYLE="font: 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">&ldquo;<B><I>Financial Officer</I></B>&rdquo;
means, with respect to any Person, the chief financial officer, principal accounting officer, treasurer or controller of 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"></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">&ldquo;<B><I>First Post-Closing
Date</I></B>&rdquo; means the date occurring 7 days after the Restatement 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: 0.5in">&ldquo;<B><I>Fiscal Quarter</I></B>&rdquo;
means a fiscal quarter of the Parent Guarantor or the Borrower, 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Floor</I></B>&rdquo;
means the rate per annum of interest equal to 2.00%.</P>

<P STYLE="font: 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">&ldquo;<B><I>Foreign Currency
Receivable</I></B>&rdquo; means a Receivable denominated in Euros.</P>

<P STYLE="font: 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">&ldquo;<B><I>FX Deficit</I></B>&rdquo;
means, as of any date of determination and with respect to any Foreign Currency Receivable acquired by the Borrower under any applicable
Purchase and Sale Agreement as to which the Interim Exchange Rate with respect to such date is higher than the Benchmark Exchange Rate,
an amount equal to (a)(i)&#8239;the face amount of such Foreign Currency Receivable <I>divided by</I> (ii)&#8239;the Benchmark Exchange
Rate <I>minus</I> (b)&#8239;(i)&#8239;the face amount of such Foreign Currency Receivable <I>divided by</I> (ii)&#8239;the Interim Exchange
Rate (for the avoidance of doubt, FX Deficit is always a positive number).</P>

<P STYLE="font: 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">&ldquo;<B><I>FX Reserves</I></B>&rdquo;
means, as of any date of determination, an amount equal to (a)&#8239;the aggregate amount of each FX Deficit, if any, with respect to all
Foreign Currency Receivables constituting Pool Receivables <I>minus </I>(b)&#8239;the aggregate amount of each FX Surplus, if any, with
respect to all Foreign Currency Receivables constituting Pool Receivables; <B><I>provided</I></B> that in no event shall the FX Reserves
be less than zero.</P>

<P STYLE="font: 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">&ldquo;<B><I>FX Surplus</I></B>&rdquo;
means, as of any date of determination and with respect to any Foreign Currency Receivable acquired by the Borrower under any applicable
Purchase and Sale Agreement as to which the Interim Exchange Rate with respect to such date is lower than the Benchmark Exchange Rate,
an amount equal to (a)(i)&#8239;the face amount of such Foreign Currency Receivable <I>divided by</I> (ii)&#8239;such Interim Exchange Rate
<I>minus</I> (b)(i)&#8239;the face amount of such Foreign Currency Receivable <I>divided by</I> (ii)&#8239;the Benchmark Exchange Rate (for
the avoidance of doubt, FX Surplus is always a positive number).</P>

<P STYLE="font: 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">&ldquo;<B><I>GAAP</I></B>&rdquo;
means, with respect to any Person, generally accepted accounting principles applicable to such Person (including generally accepted accounting
principles applicable to such Person by law) or the consolidated group of which such Person is a member, as such principles may change
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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<B><I>German
Account Pledge Agreement</I></B>&rdquo; means the account pledge agreement originally dated May&#8239;24, 2011 as amended and restated
on July&#8239;18, 2024 and amended on May&#8239;</FONT>29, 2026 (and as further amended, restated, amended and restated, supplemented or
otherwise modified from time to time in accordance with the terms hereof), and entered into between the German Originator, the Collateral
Agent (as legal successor of the Styron Security Trustee) and the 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>German Security
Amendment Agreement</I></B>&rdquo; means the German law governed amendment agreement relating to the German Purchase and Sale Agreement,
the German Servicing Agreement, the German Account Pledge Agreement, the Swiss Account Pledge Agreements and the junior ranking pledges
created pursuant to the Second Amendment and Restatement Agreement to be entered into among, <I>inter alios</I>, the German Originator,
the Borrower, the Collateral Agent, Trinseo Europe GmbH and Trinseo Export GmbH dated on or about 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"></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">&ldquo;<B><I>German Collateral
Documents</I></B>&rdquo; means (i)&#8239;any German Control Agreement, (ii)&#8239;German Security Assignment and Trust Agreement and (iii)&#8239;
any other document so designated by the Investment Manager and the Administrative Agent as a &ldquo;German Collateral Document&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: 0.5in">&ldquo;<B><I>German Collection
Accounts</I></B>&rdquo; means the Collection Accounts owned by the German Originator, which receive Collections related to the German
Purchased Receivables sold by the German Originator to the Borrower pursuant to the German Purchase and Sale 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">&ldquo;<B><I>German Control
Agreement</I></B>&rdquo; means any Control Agreement entered into with respect to a German Collection 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>German Originator</I></B>&rdquo;
means Trinseo Deutschland Anlagengesellschaft mbH, incorporated in Germany, in its capacity as seller of Receivables to the Borrower under
the German Purchase and Sale 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"><FONT STYLE="font-size: 10pt">&ldquo;<B><I>German
Purchase and Sale Agreement</I></B>&rdquo; means the German Receivables Purchase Agreement, dated as May&#8239;24, 2011 and amended and
restated on May&#8239;30, 2013, July&#8239;18, 2024 and May&#8239;</FONT>29, 2026 (and as further as amended, restated, amended and restated,
supplemented or otherwise modified from time to time in accordance with the terms hereof), between the German Originator, Trinseo Europe
GmbH as Swiss Originator, the Borrower, the Investment Manager and the Collateral 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">&ldquo;<B><I>German Purchased
Receivables</I></B>&rdquo; means the Receivables purchased by the Borrower on the terms of the German Purchase and Sale 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">&ldquo;<B><I>German Security
Assignment and Trust Agreement</I></B>&rdquo; means the German security and trust agreement dated as of the Restatement Date (as amended
from time to time) and entered into between, <I>inter alios</I>, the Borrower and the Collateral 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">&ldquo;<B><I>German Servicer</I></B>&rdquo;
means the person appointed by the Borrower under the German Servicing Agreement to manage and provide administration and collection services
in relation to the German Purchased Receivables.</P>

<P STYLE="font: 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">&ldquo;<B><I>German Servicer
Report</I></B>&rdquo; means the German Servicer&rsquo;s Daily Report or the German Servicer&rsquo;s Monthly Report (as the case may be).</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt"><B>&ldquo;<I>German
Servicer&rsquo;s Daily Report</I></B></FONT>&rdquo; means any document prepared by the German Servicer in accordance with clause 7.2 (<I>German
Servicer&rsquo;s Daily Reports</I>) of the German Servicing 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">&ldquo;<B><I>German Servicer&rsquo;s
Monthly Report</I></B>&rdquo; means any document prepared by the German Servicer in accordance with clause 7.1 (<I>German Servicer&rsquo;s
Monthly Reports</I>) of the German Servicing 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: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<B><I>German
Servicing Agreement</I></B>&rdquo; means the German Servicing Agreement dated as May&#8239;24, 2011 and amended and restated on May&#8239;30,
2013, July&#8239;18, 2024 and May&#8239;</FONT>29, 2026 (and as further as amended, restated, amended and restated, supplemented or otherwise
modified from time to time in accordance with the terms hereof), relating to the German Purchased Receivables between the Borrower, the
Collateral Agent and the German Servicer.</P>

<P STYLE="font: 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">&ldquo;<B><I>German Transaction
Documents</I></B>&rdquo; means:</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: 0.25in">(a)</TD><TD STYLE="text-align: justify">The German Purchase and Sale Agreement;</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: 0.25in">(b)</TD><TD STYLE="text-align: justify">The German Servicing Agreement;</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: 0.25in">(c)</TD><TD STYLE="text-align: justify">Any German Collateral Document; and</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: 0.25in">(d)</TD><TD STYLE="text-align: justify">any other document so designated by the Investment Manager and the Administrative Agent as a &ldquo;German
Transaction Document&rdquo;</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: justify; text-indent: 0.5in">&ldquo;<B><I>Governmental
Authority</I></B>&rdquo; means the government of the United States or any other nation, or of any political subdivision thereof, whether
state or local, any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative,
judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies
such as the European Union or the European Central Bank) and any group or body charged with setting financial accounting or regulatory
capital rules&#8239;or standards (including, without limitation, the Financial Accounting Standards Board, the Bank for International Settlements
or the Basel Committee on Banking Supervision or any successor or similar authority to any of the foregoing).</P>

<P STYLE="font: 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">&ldquo;<B><I>Guaranty</I></B>&rdquo;
of any Person means any obligation of such Person guarantying or in effect guarantying any Indebtedness, liability or obligation of any
other Person in any manner, whether directly or indirectly, including any such liability arising by virtue of partnership agreements,
including any agreement to indemnify or hold harmless any other Person, any performance bond or other surety ship arrangement and any
other form of assurance against loss, except endorsement of negotiable or other instruments for deposit or collection 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; text-align: justify; text-indent: 0.5in">&ldquo;<B><I>Identified Excluded
Obligors</I></B>&rdquo; means Coexpan S.A. (and its Affiliates), Torraspapel, S.A. (and its Affiliates) or any other Obligor that the
Investment Manager reasonably excludes from time to time with the prior written consent of the Administrative Agent (acting at the direction
of the Requisite Lenders, which direction shall not be unreasonably withheld or delayed); <B><I>provided</I></B> that the amount of Receivables
of Identified Excluded Obligors in any Calculation Period shall not exceed &euro;4,500,000 in the aggregate.</P>

<P STYLE="font: 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">&ldquo;<B><I>Indebtedness</I></B>&rdquo;
means, as to any Person at any time of determination, any and all indebtedness, obligations or liabilities (whether matured or unmatured,
liquidated or unliquidated, direct or indirect, absolute or contingent, or joint or several) of such Person for or in respect of: (i)&#8239;borrowed
money, (ii)&#8239;amounts raised under or liabilities in respect of any bonds, debentures, notes, note purchase, acceptance or credit facility,
or other similar instruments or facilities, (iii)&#8239;reimbursement obligations (contingent or otherwise) under any letter of credit,
(iv)&#8239;any other transaction (including capitalized leases and conditional sales agreements) to the extent having the commercial effect
of a borrowing of money entered into by such Person to finance its operations or capital requirements (but not including accounts payable
incurred in the ordinary course of such Person&rsquo;s business payable on terms customary in the trade), (v)&#8239;all net obligations
of such Person in respect of interest rate on currency hedges to the extent required to be reflected as a liability on a balance sheet
of such Person under GAAP or (vi)&#8239;any Guaranty of any 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"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Indemnified Taxes</I></B>&rdquo;
means (a)&#8239;Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on account of any obligation of
the Borrower under any Transaction Document and (b)&#8239;to the extent not otherwise described in <U>clause (a)</U>, Other Taxes.</P>

<P STYLE="font: 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">&ldquo;<B><I>Ineligible Purchase
Price</I></B>&rdquo; means (i)&#8239;with respect to the U.S. Purchased Receivables under the U.S. Intermediate Transfer Agreement, the
 &ldquo;Ineligible Purchase Price&rdquo; as defined therein, (ii)&#8239;with respect to the Swiss Purchased Receivables, the &ldquo;Ineligible
Purchase Price&rdquo; as defined in the Swiss Purchase and Sale Agreement, (iii)&#8239;with respect to the Dutch Purchased Receivables
under the Dutch Purchase and Sale Agreement (New York Law), the &ldquo;Ineligible Purchase Price&rdquo; as defined therein and (iv)&#8239;with
respect to the Dutch Purchased Receivables under the Dutch Purchase and Sale Agreement (Swiss Law), the &ldquo;Ineligible Purchase Price&rdquo;
as defined 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Initial Funding
Date</I></B>&rdquo; means the date of the initial Advance, if any.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Initial
Lenders</I></B>&rdquo; means [***] 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Insolvency
Event</I></B>&rdquo; in respect of the Borrower means:</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: 0.25in">(a)</TD><TD STYLE="text-align: justify">the Borrower is unable or admits its inability to pay its debts as they fall due (after taking into account
any grace period or permitted deferral), or suspends making payments on any of its debts; 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: 0.5in"></TD><TD STYLE="width: 0.25in">(b)</TD><TD STYLE="text-align: justify">the Borrower is (or is deemed to be) unable to pay its debts within the meaning of Section&#8239;509(3)&#8239;and
Section&#8239;570 of the Companies Act 2014; 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: 0.5in"></TD><TD STYLE="width: 0.25in">(c)</TD><TD STYLE="text-align: justify">a moratorium is declared in respect of any Indebtedness of the Borrower; 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: 0.5in"></TD><TD STYLE="width: 0.25in">(d)</TD><TD STYLE="text-align: justify">the fair market value of the assets of the Borrower falls to less than the amount of its liabilities;
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: 0.5in"></TD><TD STYLE="width: 0.25in">(e)</TD><TD STYLE="text-align: justify">any corporate action, legal proceedings or other procedure or step is taken in relation to:</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: 1in"></TD><TD STYLE="width: 0.25in">a.</TD><TD STYLE="text-align: justify">the appointment of an Insolvency Official in relation to the Borrower or in relation to the whole or any
part of the undertaking or assets of the Borrower except, the filing of notice of intention to appoint an administrator under paragraph
26 of Schedule B1 to the Insolvency Act by the Borrower or its directors, or the appointment or an administrative receiver by the Collateral
Agent following any such application or notice; or</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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">b.</TD><TD STYLE="text-align: justify">an encumbrancer (excluding the Collateral Agent) taking possession of the whole or in the opinion of the
Collateral Agent any substantial part of the undertaking or assets of the Borrower; 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: 1in"></TD><TD STYLE="width: 0.25in">c.</TD><TD STYLE="text-align: justify">the making of an arrangement, composition or compromise (whether by way of voluntary arrangement, scheme
of arrangement or otherwise) with any creditor of the Borrower, a conveyance to or assignment for the creditors of the Borrower generally
or the making of an application to a court of competent jurisdiction for protection from the creditors of the Borrower generally other
than in connection with any refinancing in the ordinary course of business; 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: 1in"></TD><TD STYLE="width: 0.25in">d.</TD><TD STYLE="text-align: justify">any distress, execution, attachment or other process being levied or enforced or enforced or imposed upon
or against the whole or any part of the undertaking or assets of the Borrower (excluding, in relation to the Borrower, by the Collateral
Agent);</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: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Insolvency
Official</I></B>&rdquo; means any examiner, liquidator receiver or similar 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; text-align: justify; text-indent: 0.5in">&ldquo;<B><I>Insolvency Proceeding</I></B>&rdquo;
means, with respect to any Person, any of the following events: (a)&#8239;such Person commences a proceeding under the Bankruptcy Code
or any other Debtor Relief Law seeking to have an order for relief entered in respect of such Person, or seeking a declaration or entailing
a finding that such Person is insolvent or a similar declaration or finding, or seeking dissolution, winding-up, charter revocation or
forfeiture, liquidation, reorganization, examinership, arrangement, adjustment, composition or other similar relief with respect to such
Person, its assets or debts; (b)&#8239;there is commenced against such Person any such case or proceeding described in the foregoing clause
(a)&#8239;that is not dismissed within 60 days after commencement thereof; (c)&#8239;by a final non-appealable order of a court of competent
jurisdiction, such Person is adjudicated insolvent or bankrupt; (d)&#8239;a custodian, trustee, liquidator, assignee, sequestrator, receiver,
examiner or other similar official has been appointed for all or any substantial part of such Person&rsquo;s property, and such custodian
or receiver is not discharged or stayed within 60 days from the appointment date thereof; (e)&#8239;such Person makes a general assignment
for the benefit of creditors; or (f)&#8239;such Person, by any act, expressly in writing indicates its consent to or approval of any of
the foregoing or takes any corporate or other action for the purpose of effecting 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; text-align: justify; text-indent: 0.5in">&ldquo;<B><I>Intended Tax
Characterization</I></B>&rdquo; has the meaning set forth in <U>Section&#8239;12.4</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: justify; text-indent: 0.5in">&ldquo;<B><I>Interest</I></B>&rdquo;
means for each day for each Lender, an amount equal to (a)&#8239;the applicable Interest Rate (plus the Default Rate, if applicable) <U>times</U>
(b)&#8239;the aggregate amount of the principal of such Lender&rsquo;s Advance annualized on the basis set forth in <U>Section&#8239;1.5</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: justify; text-indent: 0.5in">&ldquo;<B><I>Interest Rate</I></B>&rdquo;
means, on any date of determination, the sum of (i)&#8239;Term SOFR, <U>plus</U> (ii)&#8239;the Applicable Margin (<I>provided</I> that
during any Benchmark Unavailability Period, ABR shall replace Term SOFR).</P>

<P STYLE="font: 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">&ldquo;<B><I>Interim Exchange
Rate</I></B>&rdquo; means, as of any Monthly Reporting Date and with respect to each Foreign Currency Receivable acquired by the Borrower
under the applicable Purchase and Sale Agreement, the spot exchange rate therefor (expressed as the number of Euros per one Dollar) as
quoted by Bloomberg at approximately 11:00 a.m.&#8239;(New York City time) on the Business Day immediately preceding such Monthly Reporting
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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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<B><I>Interim
Order</I></B>&rdquo; means an order of the Bankruptcy Court in substantially the form of <U>Exhibit&#8239;</U></FONT><U>XI</U>, with changes
to such form as are reasonably satisfactory to the Administrative Agent and each of the Lenders, authorizing and approving this Agreement
and each of the other Transaction Documents pursuant to Sections 105, 362(d), 363(b)(1), 363(f), 363(m), 364(c), 364(d), 364(e)&#8239;and
365 of the Bankruptcy Code and Bankruptcy Rule&#8239;4001 and providing such other relief reasonably requested by the Administrative Agent
and the Requisite Lenders.</P>

<P STYLE="font: 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">&ldquo;<B><I>Investment</I></B>&rdquo;
means, with respect to any Person, (a)&#8239;any purchase or other acquisition by that Person of (i)&#8239;any Security issued by, (ii)&#8239;a
beneficial interest in any Security issued by, or (iii)&#8239;any other equity ownership interest in, any other Person, (b)&#8239;any purchase
by that Person of all or a significant part of the assets of a business conducted by another Person, (c)&#8239;any loan, advance (other
than deposits with financial institutions available for withdrawal on demand, prepaid expenses, accounts receivable and similar items
made or incurred in the ordinary course of business), or capital contribution by that Person to any other Person, including all Indebtedness
of any other Person owing to that Person arising from a sale of property by that Person other than in the ordinary course of its business
and (d)&#8239;any Guaranty incurred by that Person in respect of Indebtedness of any other 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; text-align: justify; text-indent: 0.5in">&ldquo;<B><I>Investment Company
Act</I></B>&rdquo; means the Investment Company Act of 1940, as amended or otherwise modified 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Investment Manager</I></B>&rdquo;
has the meaning set forth in <U>Section&#8239;6.1(a)</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: justify; text-indent: 0.5in">&ldquo;<B><I>Investment Manager
Operating Accounts</I></B>&rdquo; means the following 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-align: justify; text-indent: 0.5in">(a)&#8239;in respect of euro:</P>

<P STYLE="font: 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">Account Name:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Bank:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">SWIFT:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">IBAN:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">a/c Number:</P>

<P STYLE="font: 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">(b)&#8239;in respect of US
Dollar:</P>

<P STYLE="font: 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">Account Name:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Bank:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">SWIFT:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">IBAN:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">a/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: justify">or such other account or account of the Investment
Manager with a bank as may, following 10 Business Days' prior written notification to the Borrower and the Administrative Agent (for distribution
to the Lenders), be utilized for the time being for the purposes of payment to any Originator of amounts due and payable to it under the
relevant Purchase and Sale 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: justify; text-indent: 0.5in">&ldquo;<B><I>Invoice</I></B>&rdquo;
means the account for payment sent by or on behalf of an Originator to an Obligor specifying the goods supplied, the amount due to be
paid in respect thereof by the Obligor including any VAT chargeable in respect of those goods and the due date for such payment.</P>

<P STYLE="font: 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">&ldquo;<B><I>Irish Qualifying
Lender</I></B>&rdquo; means a Lender which is beneficially entitled to interest payable to that Lender in respect of an advance under
a Transaction Document and is:</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"><FONT STYLE="font-size: 10pt">(a)</FONT></TD><TD STYLE="text-align: justify">a bank within the meaning of section 246(1)&#8239;of the Irish Taxes Act which is carrying on a bona fide
banking business in Ireland for the purposes of section 246(3)(a)&#8239;of the Irish Taxes Act; 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: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify"></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: 90pt"></TD><TD STYLE="width: 30.5pt">(i)</TD><TD STYLE="text-align: justify">a person which by virtue of the law of a Relevant Territory, is resident for tax purposes in that Relevant
Territory except, where that person is a company, such interest is paid to that person in connection with a trade or business which is
carried on by it in Ireland through a branch or agency; or</TD></TR></TABLE>

<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: 90pt"></TD><TD STYLE="width: 30.5pt"><FONT STYLE="font-size: 10pt">(ii)</FONT></TD><TD STYLE="text-align: justify">a United States of America (&ldquo;<B>U.S.</B>&rdquo;) company, provided the U.S. company is incorporated
in the U.S. and is taxed in the U.S. on its worldwide income except where such interest is paid to that U.S. company in connection with
a trade or business which is carried on by it in Ireland through a branch or agency; or</TD></TR></TABLE>

<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: 90pt"></TD><TD STYLE="width: 30.5pt"><FONT STYLE="font-size: 10pt">(iii)</FONT></TD><TD STYLE="text-align: justify">a U.S. Limited Liability Company (&ldquo;<B>LLC</B>&rdquo;), provided the ultimate recipients of the interest
would, if they were themselves Lenders, be Irish Qualifying Lenders within paragraph (b)(i)&#8239;or (b)(ii)&#8239;of this definition and
the business conducted through the LLC is so structured for non-tax commercial reasons and not for tax avoidance purposes, except where
such interest is paid to that U.S. LLC in connection with a trade or business which is carried on by it (or by the ultimate recipients
of the interest) in Ireland through a branch or agency;</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"><FONT STYLE="font-size: 10pt">(c)</FONT></TD><TD STYLE="text-align: justify">an Irish Treaty Lender; 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: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-size: 10pt">(d)</FONT></TD><TD STYLE="text-align: justify">a body corporate:</TD></TR></TABLE>

<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: 90pt"></TD><TD STYLE="width: 30.5pt"><FONT STYLE="font-size: 10pt">(i)</FONT></TD><TD STYLE="text-align: justify">which advances money in the ordinary course of a trade which includes the lending of money; and</TD></TR></TABLE>

<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: 90pt"></TD><TD STYLE="width: 30.5pt">(ii)</TD><TD STYLE="text-align: justify">in whose hands any interest payable in respect of monies so advanced is taken into account in computing
the trading income of that body corporate; and</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" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 90pt"></TD><TD STYLE="width: 30.5pt"><FONT STYLE="font-size: 10pt">(iii)</FONT></TD><TD STYLE="text-align: justify">which has complied with all of the provisions of section 246(5)(a)&#8239;of the Irish Taxes Act, including
making the appropriate notifications thereunder; or</TD></TR></TABLE>

<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; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-size: 10pt">(e)</FONT></TD><TD STYLE="text-align: justify">a qualifying company within the meaning of section 110 of the
Irish Taxes Act; 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: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: justify">an investment undertaking within the meaning of section 739B of the Irish Taxes Act.</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: justify; text-indent: 0.5in">&ldquo;<B><I>Irish Taxes Act</I></B>&rdquo;
means the Taxes Consolidation Act 1997 of Ireland.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">&ldquo;<B><I>Irish
Treaty Lender</I></B>&rdquo; means, </FONT>subject to the completion of procedural formalities, a Lender (other than a Lender falling
within paragraph (b)&#8239;of the definition of Irish Qualifying Lender) which is treated as a resident of an Irish Treaty State for the
purposes of an Irish Treaty and does not carry on a business in Ireland through a permanent establishment with which that Lender&rsquo;s
participation in this Agreement is effectively connected and fulfils any other conditions which must be fulfilled under the relevant Irish
Treaty for residents of that Irish Treaty State to obtain exemption from Irish tax on 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Irish
Treaty State</I></B>&rdquo; means a jurisdiction which has a double taxation agreement with Ireland (an &ldquo;<B><I>Irish Treaty</I></B>&rdquo;)
which is in effect and makes provision for full exemption from tax imposed by Ireland on 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>IRS</I></B>&rdquo;
means the United States Internal Revenue Service<I>.</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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Junior
Noteholder</I></B>&rdquo; means Trinseo Ireland Global IHB Limited, a company incorporated in Ireland, in its capacity as the &ldquo;Subordinated
Noteholders&rdquo; under and as defined in the Junior Loan Note 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"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Junior
Loan Note</I></B>&rdquo; means each loan or other extension of credit made under the Junior Loan Note Agreement or other Junior Loan Note
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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Junior
Loan Note Agreement</I></B>&rdquo; means that certain Amended and Restated Subordinated Loan Note Agreement, dated as of the Restatement
Date (as amended, amended and restated, supplemented or otherwise modified from time to time with the consent of the Administrative Agent
(acting at the direction of the Requisite Lenders)), by and between the Junior Noteholder and the Borrower, as the issuer 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>&ldquo;</B></FONT><B><I>Junior
Loan Note Documents</I></B>&rdquo; means the Junior Loan Note Agreement and each other documented executed and delivered in connection
therewith.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Junior
Loan Note Obligations</I></B>&rdquo; means all present and future indebtedness, reimbursement obligations, and other liabilities and obligations
(howsoever created, arising or evidenced, whether direct or indirect, absolute or contingent, or due or to become due) of the Borrower
to the Junior Noteholder arising under or in connection with the Junior Loan Note Agreement and the other Junior Loan Note Documents and
shall include, without limitation, the outstanding principal amount of the each Junior Loan Note, all interest, fees and all other amounts
due or to become due under the Junior Loan Note Agreement (whether in respect of fees, costs, expenses, indemnifications or otherwise),
including interest, call premiums, fees and other obligations that accrue, if any, after the commencement of any Bankruptcy Proceeding
(as defined therein) with respect to the Borrower (in each case whether or not allowed or allowable as a claim in such 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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    <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: justify; text-indent: 0.5in">&ldquo;<B><I>Law</I></B>&rdquo;
means any international, foreign, Federal, state and local statute, treaty, rule, guideline, regulation, ordinance, code and administrative
or judicial precedent or authority, including the interpretation or administration thereof by any Governmental Authority charged with
the enforcement, interpretation or administration thereof, and any applicable administrative order, directed duty, request, license, authorization
or permit of, or agreement with, any Governmental Authority, in each case whether or not having the force 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<B><I>Lender</I></B>&rdquo;</FONT>
means each lender named on the signature pages&#8239;hereof as a &ldquo;Lender&rdquo; and each Person that becomes a party hereto as a
Lender by execution of an Assignment Agreement pursuant to <U>Section&#8239;10.1(a)</U>&#8239;and shall include such Person&rsquo;s respective
successors and permitted 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Lender Fee Letter</I></B>&rdquo;
means the Fee Letter, dated as of the date hereof, by and between the Borrower and the Initial Lenders.</P>

<P STYLE="font: 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">&ldquo;<B><I>Lien</I></B>&rdquo;
means any mortgage, deed of trust, pledge, security interest, hypothecation, charge, assignment, deposit arrangement, encumbrance, lien
(statutory or other), preference, priority or other security agreement, preferential arrangement or similar agreement or arrangement of
any kind or nature whatsoever, including any conditional sale or other title retention agreement and any assignment, deposit arrangement
or finance lease intended as, or having the effect of, security and any filed financing statement or other notice of any of the foregoing
(whether or not a lien or other encumbrance is created or exists at the time of the filing).</P>

<P STYLE="font: 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">&ldquo;<B><I>Liquidation Period</I></B>&rdquo;
means the period beginning on the Facility Termination Date and ending on the date thereafter when all Borrower Obligations have been
paid in full (other than contingent indemnification obligations to the extent no claim giving rise thereto has been asserted) and all
Revolving Commitments have been terminated.</P>

<P STYLE="font: 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">&ldquo;<B><I>Material Adverse
Effect</I></B>&rdquo; means, a material adverse effect on (a)&#8239;the business, assets, liabilities (actual or contingent), financial
condition or results of operations of (i)&#8239;the Borrower or (ii)&#8239;the Trinseo Parties, taken as a whole; (b)&#8239;the ability of
(i)&#8239;the Borrower to perform any of its payment or other obligations under the Transaction Documents to which it is a party or (ii)&#8239;the
Trinseo Parties considered as a whole to perform any of such Person&rsquo;s payment obligations under the Transaction Documents to which
it is a party; (c)&#8239;the rights and remedies of the Lenders or the Administrative Agent or the Collateral Agent under the Transaction
Documents; (d)&#8239;the Collateral Agent&rsquo;s or the Lenders&rsquo; interest in any material portion of the Collateral or (e)&#8239;the
collectability of any material portion of the Pool Receivables.</P>

<P STYLE="font: 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">&ldquo;<B><I>Material Indebtedness</I></B>&rdquo;
means Indebtedness for borrowed money having an outstanding aggregate principal amount of not less than $95,000,000.</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; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Minimum
Outstanding Balance</I></B>&rdquo; means 70% of the Facility Limit.</P>

<P STYLE="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">&ldquo;<B><I>Monthly Payment
Date</I></B>&rdquo; means the date that is three Business Days following the related Monthly Reporting 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: 0.5in">&ldquo;<B><I>Monthly Report</I></B>&rdquo;
means a report furnished by the Investment Manager to the Administrative Agent and the Lenders pursuant to <U>Section&#8239;5.1(f)(i)</U>&#8239;and
substantially in the form of <U>Exhibit&#8239;X</U>, which contains the Dutch Monthly Report, the German Monthly Report, the Swiss Monthly
Report and the U.S. Monthly Report.</P>

<P STYLE="font: 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">&ldquo;<B><I>Monthly Reporting
Date</I></B>&rdquo; means the 15<SUP>th</SUP> Business Day following each calendar month end.</P>

<P STYLE="font: 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">&ldquo;<B><I>Moody&rsquo;s</I></B>&rdquo;
means Moody&rsquo;s Investors Service,&#8239;Inc., or its applicable subsidiary, or any successor by merger or consolidation to its 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; text-align: justify; text-indent: 0.5in">&ldquo;<B><I>Multiemployer
Plan</I></B>&rdquo; means a &ldquo;multiemployer plan,&rdquo; as defined in Section&#8239;3(37) or 4001(a)(3)&#8239;of ERISA, in respect
of which any Trinseo Party or any ERISA Affiliate has any obligation or liability, contingent 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: 0.5in">&ldquo;<B><I>Notice of Exclusive
Control</I></B>&rdquo; means, with respect to a Control Agreement, a notice given after an Amortization Event has occurred and is continuing
by the Collateral Agent to the related Collection Bank in substantially the form prescribed by or attached to such Control Agreement pursuant
to which the Collateral Agent exercises its exclusive right to direct the disposition of funds on deposit in the Collection Accounts or
the Facility Account, in each case in accordance with such Control 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">&ldquo;<B><I>Obligor</I></B>&rdquo;
means, with respect to any Receivable, the Person obligated to make payments pursuant to a Contract relating to such Receivable.</P>

<P STYLE="font: 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">&ldquo;<B><I>Organizational
Document</I></B>&rdquo; means, relative to any Person and where relevant, its certificate or articles of incorporation or formation, its
by-laws, its partnership agreement, its memorandum and articles of association or constitution, its limited liability company agreement
or operating agreement, share designations or similar organization documents and all shareholder agreements, voting trusts and similar
arrangements applicable to any of its authorized Capital Stock.</P>

<P STYLE="font: 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">&ldquo;<B><I>Original Closing
Date</I></B>&rdquo; means July&#8239;18, 2024.</P>

<P STYLE="font: 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">&ldquo;<B><I>Originator</I></B>&rdquo;
means each Dutch Originator, Swiss Originator, German Originator and U.S. Originator, as the context requires.</P>

<P STYLE="font: 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">&ldquo;<B><I>Other Connection
Taxes</I></B>&rdquo; means, with respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient
and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party
to, performed its obligations under, received payments under, received or perfected a Security Interest under, engaged in any other transaction
pursuant to or enforced any Transaction Document, or sold or assigned an interest in any Security Interest or Transaction 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Other Eligible
Country</I></B>&rdquo; means each of Egypt,&#8239;India, South Korea, Taiwan and Turkey.</P>

<P STYLE="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">&ldquo;<B><I>Other Reserves</I></B>&rdquo;
means effective as of five Business Days after the date of written notice from the Requisite Lenders to the Borrower of any determination
thereof by the Requisite Lenders, such amounts as the Requisite Lenders, in their Permitted Discretion, may from time to time establish
against the gross amounts of Eligible Receivables, to reflect risks or contingencies to the extent that such risks or contingencies (i)&#8239;arise
after the Restatement Date and have not already been taken into account in the calculation of the Borrowing Base, (ii)&#8239;reflect the
impediments to the Collateral Agent&rsquo;s ability to realize upon the Collateral or the amount that the Collateral Agent would likely
receive upon the liquidation of the Collateral, (iii)&#8239;arise as a result of or in connection with any negotiations between the Parent
Guarantor or any of its Affiliates with Obligors in respect of the terms of any Contracts (whether existing as of the Restatement Date
or thereafter) (during which period the Requisite Lenders shall be available to discuss any such proposed reserve with the Borrower and
the Borrower may take such action as may be required so that the event, condition or matter that is the basis for such reserve no longer
exists, in a manner and to the extent reasonably satisfactory to the Requisite Lenders, (iv)&#8239;due but unpaid liabilities in respect
of Taxes (whether or not being contested) or (v)&#8239;any actions, suits, proceedings, claims, investigations or disputes pending or threatened,
at law, in equity, in arbitration or before any Governmental Authority against any Trinseo Party, in each case, subject to the following:
(a)&#8239;the amount of any Other Reserves shall have a reasonable relationship to the event, condition or other matter that is the basis
for the establishment of such reserve or such modification thereto, and (b)&#8239;no reserves shall be established or modified to the extent
they are duplicative of reserves or modifications already accounted for through eligibility or other criteria (including the Advance Rate);
<B><I>provided</I></B> that no such notice shall be necessary in the event an Amortization Event 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; text-align: justify; text-indent: 0.5in">&ldquo;<B><I>Other Taxes</I></B>&rdquo;
means all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that arise from any payment made
under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest
under, or otherwise with respect to, any Transaction Document, except (i)&#8239;any such Taxes that are Other Connection Taxes imposed
with respect to an assignment (other than an assignment requested by any Trinseo Party) and (ii)&#8239;any Luxembourg registration duties
(<I>droits d&rsquo;enregistrement</I>) payable in the case of voluntary registration of the Transaction Documents by a Secured Party with
the <I>Administration de l&rsquo;Enregistrement, des Domaines et de la TVA</I> in Luxembourg, or registration of the Transaction Documents
in Luxembourg when such registration is voluntary and not required to maintain, preserve, establish, evidence, prove or enforce the rights
of a Secured Party under the Transaction 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Outstanding Balance</I></B>&rdquo;
means, in relation to a particular Billed Receivable on a particular date, the total balance of the amounts outstanding thereunder, including
any amounts in respect of Value Added Tax, and in relation to a particular Unbilled Receivable, means an amount equal to the Post Goods
Issued Value of the product in question excluding any amounts in respect of any applicable Value Added 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; text-align: justify; text-indent: 0.5in">&ldquo;<B><I>Overadvance</I></B>&rdquo;
means, on any date of determination, that the Aggregate Revolving Principal outstanding hereunder exceeds the lesser of (a)&#8239;the Facility
Limit as of such date and (b)&#8239;the Borrowing Base as of 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Parent Guarantor</I></B>&rdquo;
means Trinseo Holding S.&agrave; r.l., a private limited liability company (<I>soci&eacute;t&eacute; &agrave; responsabilit&eacute; limit&eacute;e</I>)
incorporated and existing under the laws of the Grand Duchy of Luxembourg, with its registered office at 130, Boulevard de la P&eacute;trusse,
L - 2330 Luxembourg and registered with the Luxembourg Trade and Companies Register (<I>Registre de Commerce et des Soci&eacute;t&eacute;,
Luxembourg</I>) under number B153582.</P>

<P STYLE="font: 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">&ldquo;<B><I>Parent Guaranty</I></B>&rdquo;
means the Amended and Restated Parent Guaranty, dated as of the Restatement Date, by the Parent Guarantor in favor of the Administrative
Agent for the benefit of the 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Participant</I></B>&rdquo;
has the meaning set forth in <U>Section&#8239;10.7(a)</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: justify; text-indent: 0.5in">&ldquo;<B><I>Participant Register</I></B>&rdquo;
has the meaning set forth in <U>Section&#8239;10.7(a)</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: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Participating
Member State</I></B>&rdquo; means each state so described in any EMU Legislation.</P>

<P STYLE="font: 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">&ldquo;<B><I>Payment Date</I></B>&rdquo;
means each Monthly Payment Date during the Revolving Period and each Business Day during the Liquidation Period.</P>

<P STYLE="font: 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">&ldquo;<B><I>Percentage</I></B>&rdquo;
means, as to any Lender, the ratio (expressed as a percentage) of its Revolving Commitment to the Aggregate Revolving 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; text-align: justify; text-indent: 0.5in">&ldquo;<B><I>Permit</I></B>&rdquo;
means any permit, approval, authorization, license, variance, registration or permission required from a Governmental Authority under
an applicable Requirement 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Permitted
Discretion</I></B>&rdquo; means a determination made in good faith and in the exercise of commercially 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">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B><I>Permitted Lien</I></B>&rdquo;
means, with respect to any Person or its assets, (a)&#8239;any Liens for current taxes, assessments, levies, fees and other government
and similar charges not yet due and payable or the amount or validity of which is being contested in good faith by appropriate proceedings
and with respect to which adequate reserves have been established in accordance with GAAP, (b)&#8239;any Lien in favor of, or assigned
to, the Collateral Agent (for the benefit of the Secured Parties) under the Transaction Documents and (c)&#8239;any joint and several liability
or any netting or set-off arrangement arising in each case by virtue of law, including pursuant to or in connection with the existence
or formation of a fiscal unity (<I>fiscale eenheid</I>) for Dutch corporate income tax and/or VAT purposes and (d)&#8239;any bankers&rsquo;
liens, rights of setoff and other similar liens existing solely with respect to cash on deposit in a Transaction Account to the extent
such liens, rights of setoff and other similar liens are not terminated pursuant to a Control 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">&ldquo;<B><I>Person</I></B>&rdquo;
means an individual, partnership, corporation (including a business trust), limited liability company, joint stock company, trust, unincorporated
association, any statutory committee, joint venture or other entity, or a government or any political subdivision or agency 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Plan</I></B>&rdquo;
means any &ldquo;employee benefit plan&rdquo; (other than a Multiemployer Plan) within the meaning of Section&#8239;3(3)&#8239;of ERISA
that is maintained or is contributed to by a Trinseo Party or any ERISA Affiliate and is subject to Title IV of ERISA or the minimum funding
standards under Section&#8239;412 of the Code or Section&#8239;302 of ERISA.</P>

<P STYLE="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">&ldquo;<B><I>Pool Balance</I></B>&rdquo;
means, at any time, the U.S. Dollar Equivalent of the aggregate Outstanding Balance of all Eligible Receivables at such time that are
Pool Receivables.</P>

<P STYLE="font: 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">&ldquo;<B><I>Pool Receivable</I></B>&rdquo;
means a Receivable that either (a)&#8239;is for goods or services already rendered which have been invoiced in accordance with customary
and historic practices or (b)&#8239;is an Unbilled Receivable, in each case, which is included in the Receivables Pool.</P>

<P STYLE="font: 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">&ldquo;<B><I>Potential Amortization
Event</I></B>&rdquo; means an event which, with the passage of any applicable cure period or the giving of notice, or both, would constitute
an Amortization Event.</P>

<P STYLE="font: 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">&ldquo;<B><I>Prime Rate</I></B>&rdquo;
means, on any date of determination, the rate of interest last quoted by The Wall Street Journal as the &ldquo;Prime Rate&rdquo; in the
United States or, if The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Federal Reserve
Board in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the &ldquo;bank prime loan&rdquo; rate or, if such
rate is no longer quoted therein, any similar rate quoted therein (as determined by the Administrative Agent) or any similar release by
the Federal Reserve Board (as determined 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Purchase and
Sale Agreements</I></B>&rdquo; means each of the Swiss Purchase and Sale Agreement, each Dutch Purchase and Sale Agreement, the U.S. Purchase
and Sale Agreement and the German Purchase and Sale 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">&ldquo;<B><I>Purchase Date</I></B>&rdquo;
means, in respect of a Receivable and its Related Security, the date such Receivable is accepted by the Borrower pursuant to the relevant
Purchase and Sale Agreement or, in the case of a sale of Receivables by the U.S. Originator to the U.S. Intermediate Transferor, the date
such Receivable is sold or contributed.</P>

<P STYLE="font: 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">&ldquo;<B><I>Purchased Receivable</I></B>&rdquo;
means any Receivable which has been purchased by the Borrower or purchased by or contributed to the U.S. Intermediate Transferor, as applicable,
pursuant to a Purchase and Sale Agreement, which remains outstanding and which has not been repurchased by the relevant Originator or
U.S. Intermediate Transferor, as applicable pursuant to the relevant Purchase and Sale 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">&ldquo;<B><I>Receivable</I></B>&rdquo;
means any right to payment of a monetary obligation, whether or not earned by performance, owed to any Originator, the U.S. Intermediate
Transferor or the Borrower (as assignee of an Originator or the U.S. Intermediate Transferor), which constitutes an account, chattel paper,
payment intangible, instrument or general intangible, in each instance arising in connection with the sale of goods or for services rendered,
and includes, without limitation, the obligation to pay any service charges, finance charges, interest, late payment charges, fees and
other charges with respect thereto. Any such right to payment arising from any one transaction, including, without limitation, any such
right to payment represented by an individual invoice or agreement, shall constitute a Receivable separate from a Receivable consisting
of any such right to payment arising from any other transaction. Notwithstanding anything contained herein to the contrary, the term &ldquo;Receivable&rdquo;
shall not include any Receivable the Obligor of which is an Excluded Obligor.</P>

<P STYLE="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">&ldquo;<B><I>Receivables Pool</I></B>&rdquo;
means, at any time of determination, all of the then outstanding Receivables owned by the Borrower (which will not include, for the avoidance
of doubt, any Receivable relating to an Excluded Obligor)<B><I>.</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: 0.5in">&ldquo;<B><I>Recipient</I></B>&rdquo;
means the Administrative Agent or any 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Records</I></B>&rdquo;
means, with respect to any Pool Receivable, all Contracts and other documents, books, records and other information (including, without
limitation, computer programs, tapes, disks, punch cards, data processing software and related property and rights) relating to such Receivable,
any Related Security therefor and the related Obligor.</P>

<P STYLE="font: 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">&ldquo;<B><I>Register</I></B>&rdquo;
has the meaning set forth in <U>Section&#8239;10.2</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: justify; text-indent: 0.5in">&ldquo;<B><I>Related Entity</I></B>&rdquo;
has the meaning set forth in <U>Section&#8239;5.1(m)</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: justify; text-indent: 0.5in">&ldquo;<B><I>Related Security</I></B>&rdquo;
means, with respect to any Pool Receivable:</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>all
right, title and interest (if any) in the goods, the sale of which gave rise to such Receivable;</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>all
other Security Interests or Liens and property subject thereto from time to time, if any, purporting to secure payment of such Receivable,
whether pursuant to the Contract related to such Receivable or otherwise, together with all financing statements and security agreements
describing any collateral securing such Receivable;</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>all
guaranties, letters of credit, insurance and other supporting obligations, agreements or arrangements of whatever character from time
to time supporting or securing payment of such Receivable whether pursuant to the Contract related to such Receivable 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>all
service contracts and other contracts and agreements associated with such Receivable;</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>all
Records related to such Receivable;</P>

<P STYLE="font: 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>all
of the applicable Originator&rsquo;s (or the U.S. Intermediate Transferor&rsquo;s) right, title and interest in each Transaction Account
and all cash, financial assets and other property now or hereafter acquired, credited thereto or deposited 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 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(vii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>all
of the Borrower&rsquo;s rights and remedies under the Transaction 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(viii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>all
present and future claims, demands, causes and causes in action in respect of any or all of the property described in the foregoing clauses
(i)&#8239;through (vii)&#8239;and all payments on, under or in respect of any or all of the foregoing, including all proceeds of the conversion,
voluntary or involuntary, into cash or other liquid property, all cash proceeds, accounts, promissory notes, drafts, acceptances, chattel
paper, checks, deposit accounts, insurance proceeds, condemnation awards, rights to payment of any and every kind and other forms of obligations
and receivables, instruments and other property that at any time constitute all or part of or are included in the proceeds of any and
all 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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    <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 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ix)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>all
books and records of the Borrower, the U.S. Intermediate Transferor and each Originator to the extent related to any of the foregoing,
and all rights, remedies, powers, privileges, title and interest (but not obligations) in and to each Transaction Account, into which
any Collections or other proceeds with respect to such Receivables may be deposited, and any related investment property acquired with
any such Collections or other proceeds (as such term is defined in the UCC); 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 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(x)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>all
proceeds (as defined in the UCC) of 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 0pt 1in; text-align: justify"><FONT STYLE="font-size: 10pt"><I>provided
</I></FONT>that the Related Security shall not include the Contract giving rise to such Pool Receivable.</P>

<P STYLE="font: 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">&ldquo;<B><I>Relevant Governmental
Body</I></B>&rdquo; means the Federal Reserve Board or the Federal Reserve Bank of New York, or a committee officially endorsed or convened
by the Federal Reserve Board or the Federal Reserve Bank of New York, or any successor thereto.</P>

<P STYLE="font: 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">&ldquo;<B><I>Relevant Territory</I></B>&rdquo;
means (i)&#8239;a member state of the European Communities (other than Ireland); or (ii)&#8239;to the extent not a member state of the European
Communities, a jurisdiction with which Ireland has an Irish Treaty in force by virtue of section 826(1)&#8239;of the Irish Taxes Act or
(iii)&#8239;not being a territory referred to in (i)&#8239;or (ii)&#8239;above, a country with which Ireland has signed such an Irish Treaty
which will have the force of law on completion of the procedures set out in section 826(1)&#8239;of the Irish Taxes 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: 0.5in">&ldquo;<B><I>Reportable Compliance
Event</I></B>&rdquo; means that any Originator, the U.S. Intermediate Transferor or the Borrower becomes a Sanctioned Person, or is indicted,
arraigned, investigated or custodially detained, or receives an inquiry from regulatory or law enforcement officials, in connection with
any Anti-Terrorism Laws or any predicate crime to any Anti-Terrorism Laws, or self-discovers facts or circumstances implicating any aspect
of its operations with the actual or possible violation of any Anti-Terrorism 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Required Reserves</I></B>&rdquo;
means on any day during a month, the sum of (a)&#8239;the Default Reserves plus (b)&#8239;by the Dilution Reserves plus (c)&#8239;the FX
Reserves plus (d)&#8239;the Unbilled Reserves plus (e)&#8239;the Other Reserves.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Requirement
of Law</I></B>&rdquo; means, with respect to any Person, any domestic or foreign law, including all common and civil law and equity, all
federal, state, provincial, territorial, local and foreign laws, rules&#8239;and regulations, treaties, codes, orders, judgments, decrees
and other legal requirements or determinations of any Governmental Authority or arbitrator, applicable to or binding upon such Person
or any of its property or to which such Person or any of its property is subject.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#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>
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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"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Requisite
Lenders</I></B>&rdquo; means, collectively, Lenders having more than 50% of the aggregate outstanding amount of the Revolving Commitments
or, after the Facility Termination Date, the Aggregate Revolving Principal; <B><I>provided</I></B> that such Lenders must include each
Initial Lender so long as such Initial Lender or any of its Affiliates holds any outstanding amount of the Revolving Commitments or, after
the Facility Termination Date, the Aggregate Revolving Principal.</P>

<P STYLE="font: 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">&ldquo;<B><I>Responsible Officer</I></B>&rdquo;
means, in respect of any Person, the chief executive officer, director, president, vice president, executive vice president, general counsel,
chief operating officer, chief financial officer, treasurer, director of risk, secretary, assistant secretary, controller or assistant
controller and any other officer or employee, as applicable, so designated by any of the foregoing officers or employees in a notice to
the Administrative Agent. Any document delivered hereunder that is signed by a Responsible Officer of a Person shall be conclusively presumed
to have been authorized by all necessary corporate, partnership or other action on the part of such Person, as applicable, and such Responsible
Officer shall be conclusively presumed to have acted on behalf of such Person, 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Restatement Date</I></B>&rdquo;
means the first date all the conditions precedent in <U>Section&#8239;4.2</U> are satisfied or waived in accordance with <U>Section&#8239;12.1</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: justify; text-indent: 0.5in">&ldquo;<B><I>Restructuring
Support Agreement</I></B>&rdquo; means the Restructuring Support Agreement, dated as of May&#8239;13, 2026, by and among the Company Parties
(as defined therein) and the Supporting Creditors (as defined therein) as the same may be amended, restated, supplemented or otherwise
modified 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Review</I></B>&rdquo;
has the meaning specified in <U>Section&#8239;5.1(l)</U>&#8239;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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Revolving Commitment</I></B>&rdquo;
means, for each Lender, the commitment of such Lender to make Advances to the Borrower from time to time in an amount not to exceed (a)&#8239;in
the aggregate, the amount set forth opposite such Lender&rsquo;s name on <U>Schedule 1</U> to this Agreement, as such amount may be modified
in accordance with the terms hereof and (b)&#8239;with respect to any individual Advance hereunder, such Lender&rsquo;s Percentage of the
Aggregate Revolving Principal of the requested Advance, and &ldquo;<B><I>Revolving Commitments</I></B>&rdquo; means the Revolving Commitments
of each Lender collectively.</P>

<P STYLE="font: 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">&ldquo;<B><I>Revolving Period</I></B>&rdquo;
means the period from and after the Restatement Date to but excluding the Facility Termination 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: 0.5in">&ldquo;<B><I>Sanctioned Country</I></B>&rdquo;
means, at any time, a country or territory which is the target of comprehensive Sanctions (as of the date of this Agreement, the Crimea
region of Ukraine, the so-called Donetsk People&rsquo;s Republic, the so-called Luhansk People&rsquo;s Republic, Cuba,&#8239;Iran, North
Korea, and Syria).</P>

<P STYLE="font: 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">&ldquo;<B><I>Sanctioned Person</I></B>&rdquo;
means 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 or the U.S. Department of State, the United Nations Security Council, the European Union, any European
Union member state, Switzerland (including the State Secretariat for Economic Affairs of Switzerland (SECO) and/or the Swiss Directorate
of International Law (DIL)) or His Majesty&rsquo;s Treasury of the United Kingdom or other relevant sanctions authority, (b)&#8239;any
Person located, organized or resident in a Sanctioned Country, (c)&#8239;any Person owned or controlled by any such Person or Persons described
in the foregoing clauses (a)&#8239;or (b), or (d)&#8239;any Person otherwise the subject of any Sanctions.</P>

<P STYLE="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>
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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">&ldquo;<B><I>Sanctions</I></B>&rdquo;
means all economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time 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, or (b)&#8239;the United Nations Security Council, the European Union, any European Union member state, Switzerland (including the
State Secretariat for Economic Affairs of Switzerland (SECO) and/or the Swiss Directorate of International Law (DIL)), His Majesty&rsquo;s
Treasury of the United Kingdom or other relevant sanctions authority.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B><I>SEC</I></B>&rdquo;
means the U.S. Securities and Exchange Commission or any governmental agencies substituted 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Second Amended
and Restated Swiss Servicing Agreement</I></B>&rdquo; means the Second Amended and Restated Swiss Servicing Agreement, dated as of the
Restatement Date and amending and restating the Amended and Restated Swiss Servicing Agreement, dated as of the Original Closing Date
(and as further as amended, restated, amended and restated, supplemented or otherwise modified from time to time in accordance with the
terms hereof), relating to the Swiss Purchased Receivables between the Borrower and the Swiss Servicers.</P>

<P STYLE="font: 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">&ldquo;<B><I>Second Amendment
and Restatement Agreement</I></B>&rdquo; means the second amendment and restatement agreement in relation to the German Receivables Purchase
Agreement, the German Servicing Agreement, the German Account Pledge Agreement and the Swiss Account Pledge Agreements dated July&#8239;18,
2024 and entered into between, <I>inter alios</I>, the German Originator, Trinseo Europe GmbH, Trinseo Export GmbH and the Collateral
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">&ldquo;<B><I>Secured Parties</I></B>&rdquo;
means each Lender, the Administrative Agent and the Collateral 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">&ldquo;<B><I>Securitization
Facility Obligations</I></B>&rdquo; means all obligations of the Servicer, each Originator, the Investment Manager, the U.S. Intermediate
Transferor, the Parent Guarantor and each other Debtor (in any capacity) owing to the Borrower, the Administrative Agent, the Collateral
Agent, the Lenders or any other Secured Party, in each case under or in connection with the Transaction Documents, the Purchase and Sale
Agreements, the U.S. Intermediate Transfer Agreement, each Servicing Agreement, the Parent Guaranty and the Facility Order, including,
without limitation, (a)&#8239;all indemnification, repurchase, deemed-collection, dilution, fee, expense and reimbursement obligations
and (b)&#8239;all damages and other amounts payable by any such Person in respect of any breach by it of any covenant, representation or
warranty 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Security</I></B>&rdquo;
means any Capital Stock, voting trust certificate, bond, debenture, note or other evidence of Indebtedness, whether secured, unsecured,
convertible or subordinated, or any certificate of interest, share or participation in, or any temporary or interim certificate for the
purchase or acquisition of, or any right to subscribe to, purchase or acquire, any of the foregoing, but shall not include any evidence
of the Borrower 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: justify; text-indent: 0.5in">&ldquo;<B><I>Security Interest</I></B>&rdquo;
has the meaning ascribed thereto in Article&#8239;9 of the UCC.</P>

<P STYLE="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>
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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">&ldquo;<B><I>Senior Cost Amount</I></B>&rdquo;
means the amounts payable in items <U>(b)(i)</U>&#8239;through <U>(b)(x)</U>&#8239;of <U>Section&#8239;2.1</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: justify; text-indent: 0.5in">&ldquo;<B><I>Senior Loan Agreement</I></B>&rdquo;
means the Credit Agreement, dated as of September&#8239;6, 2017 (as amended, restated, amended and restated, supplemented or otherwise
modified from time to time prior to the date hereof), among the Parent Guarantor, Trinseo Ireland Holdings Limited, Trinseo Materials
Operating S.C.A., Trinseo Materials Finance,&#8239;Inc., the guarantors party thereto from time to time, the lenders party thereto from
time to time and Deutsche Bank AG New York Branch, as administrative agent, collateral agent, L/C issuer and swing line 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Servicer</I></B>&rdquo;
means each U.S. Servicer, Swiss Servicer, Dutch Servicer and German Servicer, as the context requires.</P>

<P STYLE="font: 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">&ldquo;<B><I>Servicer Default</I></B>&rdquo;
has the meaning set forth on Schedule 2.</P>

<P STYLE="font: 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">&ldquo;<B><I>Servicing Agreement</I></B>&rdquo;
means the Dutch Servicing Agreement, the German Servicing Agreement, the Second Amended and Restated Swiss Servicing Agreement or the
U.S. Servicing Agreement, as the context requires.</P>

<P STYLE="font: 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">&ldquo;<B><I>Settlement Date</I></B>&rdquo;
means either (i)&#8239;a Monthly Payment Date, (ii)&#8239;each day on which a Daily Report is delivered or purchase price under a Purchase
and Sale Agreement or U.S. Intermediate Transfer Agreement is paid or (iii)&#8239;a Business Day during the Liquidation Period designated
by the Administrative Agent as a &ldquo;Settlement Date.&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: 0.5in">&ldquo;<B><I>Shortfall Interest</I></B>&rdquo;
means, an amount due with respect to the first Monthly Payment Date occurring after the last month of each Fiscal Quarter equal to the
excess, if any, of (i)&#8239;the Interest that would have accrued on the Minimum Outstanding Balance during the Fiscal Quarter then ending
over (ii)&#8239;the Interest that actually accrued on the Aggregate Revolving Principal from time to time outstanding during such Fiscal
Quarter.</P>

<P STYLE="font: 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">&ldquo;<B><I>SOFR</I></B>&rdquo;
means a rate equal to the secured overnight financing rate as administered by the Federal Reserve Bank of New York or a successor administrator
of the secured overnight financing rate.</P>

<P STYLE="font: 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">&ldquo;<B><I>Solvency Certificate</I></B>&rdquo;
means, (a)&#8239;with respect to each Originator, the solvency certificate executed by an Originator in the form set out in Schedule 2
to the relevant Purchase and Sale Agreement, (b)&#8239;with respect to the Borrower, the solvency certificate executed by the Borrower
in the form set out in <U>Exhibit&#8239;VII</U> hereto and (c)&#8239;with respect to the Parent Guarantor, a certificate that the Parent
Guarantor is Solvent (as defined in the Parent Guaranty).</P>

<P STYLE="font: 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">&ldquo;<B><I>S&amp;P</I></B>&rdquo;
means S&amp;P Global Inc., or its applicable subsidiary, or any successor by merger or consolidation to its 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; text-align: justify; text-indent: 0.5in">&ldquo;<B><I>Spot Rate</I></B>&rdquo;
means, as of any date of determination, the spot rate for the purchase of U.S. Dollars with the applicable Foreign Currency as quoted
by Bloomberg at approximately 11:00 a.m.&#8239;(New York City time) on such date 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"></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">&ldquo;<B><I>Subsidiary</I></B>&rdquo;
or &ldquo;<B><I>Subsidiaries</I></B>&rdquo; of a Person means (i)&#8239;any corporation or trust of which 50% or more (by number of shares
or number of votes) of the outstanding Capital Stock or shares of beneficial interest normally entitled to vote for the election of one
or more directors or trustees (regardless of any contingency which does or may suspend or dilute the voting rights) is at such time owned
directly or indirectly by such Person or one or more of such Person&rsquo;s Subsidiaries, (ii)&#8239;any partnership of which such Person
is a general partner or of which 50% or more of the partnership interests is at the time directly or indirectly owned by such Person or
one or more of such Person&rsquo;s Subsidiaries, (iii)&#8239;any limited liability company of which such Person is a manager or managing
member or of which 50% or more of the limited liability company interests is at the time directly or indirectly owned by such Person or
one or more of such Person&rsquo;s Subsidiaries or (iv)&#8239;any corporation, trust, partnership, limited liability company or other entity
which is controlled or capable of being controlled by such Person or one or more of such Person&rsquo;s 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<B><I>Swiss
Account Pledge Agreements</I></B>&rdquo; means (i)&#8239;the account pledge agreement originally dated August&#8239;17, 2010 as amended
and restated on July&#8239;18, 2024 and amended on May&#8239;</FONT>29, 2026 (and as further amended, restated, amended and restated, supplemented
or otherwise modified from time to time in accordance with the terms hereof), and entered into between Trinseo Europe GmbH, the Collateral
Agent and the Borrower and (ii)&#8239;the account pledge agreement originally dated August&#8239;17, 2010 as amended and restated on July&#8239;18,
2024 and amended on May&#8239;29, 2026 (and as further amended, restated, amended and restated, supplemented or otherwise modified from
time to time in accordance with the terms hereof), and entered into between Trinseo Export GmbH, the Collateral Agent (as legal successor
of the Styron Security Trustee) and the 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Swiss Collateral
Documents</I></B>&rdquo; means (i)&#8239;the Swiss Security Assignment Agreement and (ii)&#8239;any other document so designated by the
Investment Manager and the Administrative Agent as a &ldquo;Swiss Collateral Document&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: 0.5in">&ldquo;<B><I>Swiss Collection
Accounts</I></B>&rdquo; means the Collection Accounts owned by the Swiss Originators, which receive Collections related to the Swiss Purchased
Receivables sold by the Swiss Originators to the Borrower pursuant to the Swiss Purchase and Sale 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">&ldquo;<B><I>Swiss Control
Agreement</I></B>&rdquo; means each Control Agreement over a Swiss Collection 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<B><I>Swiss
Federal Tax Administration</I></B>&rdquo; means the tax authorities referred to in article 34 of </FONT>the Swiss Federal Act on Withholding
Tax (<I>Bundesgesetz &uuml;ber die Verrechnungssteuer vom 13. Oktober 1965, SR 642.21</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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<B><I>Swiss
Guidelines</I></B></FONT>&rdquo; means, together, guideline S-02.123 in relation to interbank loans of 22 September&#8239;1986 (Merkblatt
 &ldquo;Verrechnungssteuer auf Zinsen von Bankguthaben, deren Gl&auml;ubiger Banken sind (Interbankguthaben)&rdquo; vom 22. September&#8239;1986),
circular letter No.&#8239;47 in relation to bonds of 25 July&#8239;2019 (1-047-V-2019) (Kreisschreiben Nr. 47 &ldquo;Obligationen&rdquo;
vom 25. Juli 2019), guideline S-02.130.1 in relation to money market instruments and book claims of April&#8239;1999 (Merkblatt vom April&#8239;1999
betreffend Geldmarktpapiere und Buchforderungen inl&auml;ndischer Schuldner), circular letter No.&#8239;46 of 24 July&#8239;2019 (1-046-VS-2019)
in relation to syndicated credit facilities (Kreisschreiben Nr. 46 &ldquo;Steuerliche Behandlung von Konsortialdarlehen, Schuldscheindarlehen,
Wechseln und Unterbeteiligungen&rdquo; vom 24. Juli 2019), circular letter No.&#8239;34 of 26 July&#8239;2011 (1-034-V-2011) in relation
to deposits (Kreisschreiben Nr. 34 &ldquo;Kundenguthaben&rdquo; vom 26. Juli 2011), the circular letter No.&#8239;15 of 3 October&#8239;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 (Kreisschreiben Nr. 15 &ldquo;Obligationen und derivative Finanzinstrumente als Gegenstand
der direkten Bundessteuer, der Verrechnungssteuer und der Stempelabgaben&rdquo; vom 3. Oktober 2017) and the notification regarding credit
balances in groups (Mitteilung 010-DVS-2019 of February&#8239;2019 betreffend &ldquo;Verrechnungssteuer: Guthaben im Konzern&rdquo;), each
as issued, and as amended or replaced from time to time by the Swiss Federal Tax Administration, or as applied in accordance with a tax
ruling (if any) issued by the Swiss Federal Tax Administration, or as substituted or superseded and overruled by any law, statute, ordinance,
regulation, court decision or the like as in force 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; text-align: justify; text-indent: 0.5in">&ldquo;<B><I>Swiss Non-Bank
Rules</I></B>&rdquo; means, together, the Swiss Twenty Non-Bank Rule&#8239;and the Swiss Ten Non-Bank Rule.</P>

<P STYLE="font: 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">&ldquo;<B><I>Swiss Non-Qualifying
Lender</I></B>&rdquo; means a person which does not qualify as a Swiss Qualifying 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Swiss Originator</I></B>&rdquo;
means each of Trinseo Europe GmbH, incorporated in Switzerland and Trinseo Export GmbH, incorporated in Switzerland, each in its capacity
as seller of Receivables to the Borrower under the Swiss Purchase and Sale Agreement, and shall include both such sellers or either of
them, as the context may require.</P>

<P STYLE="font: 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">&ldquo;<B><I>Swiss Purchase
and Sale Agreement</I></B>&rdquo; means the Swiss Receivables Purchase Agreement, dated as of the Restatement Date (and as further amended,
restated, amended and restated, supplemented or otherwise modified from time to time in accordance with the terms hereof), between the
Swiss Originators, the Borrower, the Investment Manager and the Collateral 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">&ldquo;<B><I>Swiss Purchased
Receivables</I></B>&rdquo; means the Receivables purchased by the Borrower on the terms of the Swiss Purchase and Sale 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">&ldquo;<B><I>Swiss Qualifying
Lender</I></B>&rdquo; means (a)&#8239;a bank as defined in the Swiss Federal Code for Banks and Savings Banks dated 8 November&#8239;1934
(Bundesgesetz &uuml;ber die Banken und Sparkassen) as amended from time to time or (b)&#8239;a person or entity which effectively conducts
banking activities with its own infrastructure and staff as its principal business purpose and which has a banking license in full force
and effect issued in accordance with the banking laws in force in its jurisdiction of incorporation, or if acting through a branch, issued
in accordance with the banking laws in the jurisdiction of such branch, all and in each case in accordance with the Swiss Guidelines or
the applicable legislation or explanatory notes addressing the same issues that are in force at such time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B><I>Swiss Security
Amendment and Restatement Agreement</I></B>&rdquo; means the Swiss law governed agreement between the Borrower as security provider and
the Collateral Agent as collateral agent dated on or around the date hereof relating to the amendment, restatement and confirmation of
the Swiss Security Assignment Agreement originally dated as of the Closing Date and made between the Borrower as assignor and the Collateral
Agent as collateral 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: justify; text-indent: 0.5in">&ldquo;<B><I>Swiss Security
Assignment Agreement</I></B>&rdquo; means the Swiss law governed security assignment agreement between the Borrower as assignor and the
Collateral Agent as collateral agent relating to the assignment of the Swiss law governed Receivables originally dated as of the Closing
Date and amended and restated with a Swiss Security Amendment and Restatement Agreement between the Borrower as security provider and
the Collateral Agent as collateral agent dated as of the Restatement 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: 0.5in">&ldquo;<B><I>Swiss Servicer
Report</I></B>&rdquo; means the Swiss Servicer's Daily Report or the Swiss Servicer's Monthly Report (as the case may be).</P>

<P STYLE="font: 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">&ldquo;<B><I>Swiss Servicers</I></B>&rdquo;
means each Person designated as such under the Second Amended and Restated Swiss Servicing 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"><FONT STYLE="font-size: 10pt"><B>&ldquo;<I>Swiss
Servicers&rsquo; Daily Report</I></B></FONT>&rdquo; means any document prepared by a Swiss Servicer in accordance with clause 7.2 (<I>Swiss
Servicers' Daily Reports</I>) of the Second Amended and Restated Swiss Servicing 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"><FONT STYLE="font-size: 10pt"><B>&ldquo;<I>Swiss
Servicers&rsquo; Monthly Report</I></B></FONT>&rdquo; means any document prepared by the Swiss Servicers and delivered to the Borrower
and the Administrative Agent in accordance with clause 7.1 (<I>Swiss Servicers' Monthly Reports</I>) of the Second Amended and Restated
Swiss Servicing 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">&ldquo;<B><I>Swiss Ten Non-Bank
Rule</I></B>&rdquo; means the rule&#8239;that the aggregate number of Lenders other than Swiss Qualifying Lenders under this Agreement
must not at any time exceed ten (10); in each case in accordance with the meaning of the Swiss Guidelines or the applicable legislation
or explanatory notes addressing the same issues that are in force at such time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B><I>Swiss Transaction
Documents</I></B>&rdquo; means (i)&#8239;the Swiss Purchase and Sale Agreement, (ii)&#8239;the Second Amended and Restated Swiss Servicing
Agreement, (iii)&#8239;the Swiss Collateral Documents and (iv)&#8239;any other document so designated by the Investment Manager and the
Administrative Agent as a &ldquo;Swiss Transaction Document&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: 0.5in">&ldquo;<B><I>Swiss Twenty
Non-Bank Rule</I></B>&rdquo; means the rule&#8239;that the aggregate number of creditors other than Swiss Qualifying Lenders of Swiss Originator
under all its outstanding debts relevant for the classification as debentures (<I>Kassenobligation</I>) (within the meaning of the Swiss
Guidelines), must not at any time exceed twenty (20), in each case in accordance with the meaning of the Swiss Guidelines or the applicable
legislation or explanatory notes addressing the same issues that are in force at such time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B><I>Swiss Withholding
Tax</I></B>&rdquo; means taxes imposed under the Swiss Withholding Tax 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: 0.5in">&ldquo;<B><I>Swiss Withholding
Tax Act</I></B>&rdquo; means the Swiss Federal Act on the Withholding Tax of 13 October&#8239;1965 (Bundesgesetz &uuml;ber die Verrechnungssteuer),
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">&#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">&ldquo;<B><I>Tax</I></B>&rdquo;
or &ldquo;<B><I>Taxes</I></B>&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">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B><I>Term SOFR</I></B>&rdquo;
means the Term SOFR Reference Rate for a tenor of one month on the day (such day, the &ldquo;<B><I>Term SOFR Determination Day</I></B>&rdquo;)
that is two U.S. Government Securities Business Days prior to the first day of such calendar month, as such rate is published by the Term
SOFR Administrator; <B><I>provided</I></B>, <B><I>however</I></B>, that if as of 5:00 p.m.&#8239;(New York City time) on any Term SOFR
Determination Day the Term SOFR Reference Rate for such tenor has not been published by the Term SOFR Administrator and a Benchmark Replacement
Date with respect to the Term SOFR Reference Rate has not occurred, then Term SOFR will be the Term SOFR Reference Rate for such tenor
as published by the Term SOFR Administrator on the first preceding U.S. Government Securities Business Day for which such Term SOFR Reference
Rate for such tenor was published by the Term SOFR Administrator so long as such first preceding U.S. Government Securities Business Day
is not more than three U.S. Government Securities Business Days prior to such Term SOFR Determination Day; <B><I>provided further</I></B>
that, if Term SOFR determined as provided above shall ever be less than the Floor, then Term SOFR shall be deemed to be the Floor.</P>

<P STYLE="font: 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">&ldquo;<B><I>Term SOFR Administrator</I></B>&rdquo;
means CME Group Benchmark Administration Limited (CBA) (or a successor administrator of the Term SOFR Reference Rate selected by the Administrative
Agent in its reasonable discretion).</P>

<P STYLE="font: 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">&ldquo;<B><I>Term SOFR Reference
Rate</I></B>&rdquo; means the forward-looking term rate based on SOFR.</P>

<P STYLE="font: 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">&ldquo;<B><I>Top 3 Obligors</I></B>&rdquo;
means, as of any date of determination, the three Obligors with the largest aggregate Outstanding Balances of Eligible Receivables.</P>

<P STYLE="font: 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">&ldquo;<B><I>Top 5 Obligors</I></B>&rdquo;
means, as of any date of determination, the five Obligors with the largest aggregate Outstanding Balances of Eligible Receivables.</P>

<P STYLE="font: 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">&ldquo;<B><I>Transaction Account</I></B>&rdquo;
means each Collection Account and the Facility 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Transaction Documents</I></B>&rdquo;
means, collectively, this Agreement, the Purchase and Sale Agreements, the U.S. Intermediate Transfer Agreement, the Servicing Agreements,
the Parent Guaranty, the Lender Fee Letter, each Control Agreement, the Borrower Power of Attorney, the U.S. Intermediate Transferor Receivables
Power of Attorney, the Agent Fee Letter, each Monthly Report, each Daily Report, the Facility Orders, and all other instruments, documents,
certificates, reports and agreements required to be executed and delivered pursuant 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: 0.5in">&ldquo;<B><I>Trigger Country</I></B>&rdquo;
means each of Egypt and Turkey.</P>

<P STYLE="font: 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">&ldquo;<B><I>Trinseo Ireland</I></B>&rdquo;
means Trinseo Ireland Global IHB Limited, a company organized under the laws of Ireland.</P>

<P STYLE="font: 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">&ldquo;<B><I>Trinseo Party</I></B>&rdquo;
means the Borrower, the U.S. Intermediate Transferor, the Servicers and the Originators.</P>

<P STYLE="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"><FONT STYLE="font-size: 10pt">&ldquo;<B><I>Trinseo
Reporting Party</I></B>&rdquo; means </FONT>Trinseo Holding S.&agrave; r.l., a private limited liability company (<I>soci&eacute;t&eacute;
 &agrave; responsabilit&eacute; limit&eacute;e<B>&#8239;</B></I>) incorporated and existing under the laws of the Grand Duchy of Luxembourg,
with its registered office at 130, Boulevard de la P&eacute;trusse, L - 2330 Luxembourg and registered with the Luxembourg Trade and Companies
Register (<I>Registre de Commerce et des Soci&eacute;t&eacute; Luxembourg</I>) under number B153582, any successor company or in each
case, any parent company 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>UCC</I></B>&rdquo;
means the Uniform Commercial Code as in effect in the State of New York or, as the context may require, any other 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-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<B><I>Unadjusted
Benchmark Replacement</I></B>&rdquo;</FONT> means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B><I>Unbilled Pool
Balance</I></B>&rdquo; means, at any time, the U.S. Dollar Equivalent of the aggregate Outstanding Balance of all Eligible Receivables
at such time that are Unbilled Receivables.</P>

<P STYLE="font: 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">&ldquo;<B><I>Unbilled Ratio</I></B>&rdquo;
means, with respect to any Calculation Period, the ratio (expressed as a percentage) computed by dividing (a)&#8239;the Unbilled Relevant
Amount for such Calculation Period by (b)&#8239;the maximum Outstanding Balance of all Unbilled Receivables outstanding during such Calculation
Period.</P>

<P STYLE="font: 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">&ldquo;<B><I>Unbilled Receivable</I></B>&rdquo;
means each pool receivable satisfying the following criteria:</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: justify">the relevant Originator has received an order from the Obligor for chemical products, plastics, latex
binders, synthetic rubber or similar products and related services;</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">the Obligor has become obligated to pay for the products in accordance with the relevant Contract; but</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">(c)</TD><TD STYLE="text-align: justify">the relevant Originator has not yet issued an Invoice to the Obligor.</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: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<B><I>Unbilled
Relevant Amount</I></B>&rdquo; means, with respect to any Calculation Period, the U.S. Dollar Equivalent of the Outstanding Balance of
</FONT>all Unbilled Receivables that have been outstanding as Unbilled Receivables for a period of more than seven days after such Calculation
Period.</P>

<P STYLE="font: 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">&ldquo;<B><I>Unbilled Reserves</I></B>&rdquo;
means, with respect to any Calculation Period, the greater of (a)&#8239;0.0% and (b)&#8239;the product of (i)&#8239;2.0 multiplied by (ii)&#8239;the
Unbilled Pool Balance for such Calculation Period multiplied by the monthly average of the Unbilled Ratio for the immediately preceding
12 consecutive Calculation Periods.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt">&ldquo;<B><I>Undistributed
Collections</I></B>&rdquo;</FONT> means, on any Business Day, all unrestricted cash comprised of Collections or proceeds of Advances maintained
by the Borrower in any Collection Account or the Facility Account that has not been distributed under <U>Sections 2.1(b)</U>&#8239;or <U>2.2(a)</U>&#8239;as
of the end of such 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; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B><I>Unused
Facility Fees</I></B>&rdquo; has the meaning assigned thereto in <U>Section&#8239;1.10</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"></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">&ldquo;<B><I>USA PATRIOT Act</I></B>&rdquo;
means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Public
Law 107-56, as the same has been, or shall hereafter be, renewed, extended, amended or replaced 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>U.S. Collateral
Documents</I></B>&rdquo; means (i)&#8239;each U.S. Control Agreement and (ii)&#8239;any other document so designated by the Investment Manager
and the Administrative Agent as a &ldquo;U.S. Collateral Document&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: 0.5in">&ldquo;<B><I>U.S. Collection
Accounts</I></B>&rdquo; means the Collection Accounts owned by each U.S. Originator, which receive Collections related to the U.S. Purchased
Receivables.</P>

<P STYLE="font: 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">&ldquo;<B><I>U.S. Control
Agreement</I></B>&rdquo; means each Control Agreement with respect to a U.S. Collection 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>U.S. Dollar Equivalent</I></B>&rdquo;
means on any date on which a determination thereof is to be made, with respect to (a)&#8239;any amount denominated in Dollars, such amount
and (b)&#8239;any amount denominated in a Foreign Currency, the Dollar equivalent of such Foreign Currency determined by reference to the
Spot Rate determined as of such determination 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: 0.5in">&ldquo;<B><I>U.S. Government
Securities Business Day</I></B>&rdquo; means any day except for (a)&#8239;a Saturday, (b)&#8239;a Sunday or (c)&#8239;a day on which the
Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire
day for purposes of trading in United States government securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B><I>U.S. Intermediate
Transfer Agreement</I></B>&rdquo; means the Third Amended and Restated U.S. Intermediate Receivables Purchase Agreement, dated as of the
Restatement Date (and as further amended, restated, amended and restated, supplemented or otherwise modified from time to time in accordance
with the terms hereof), among the U.S. Intermediate Transferor, the Borrower and the Investment Manager.</P>

<P STYLE="font: 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">&ldquo;<B><I>U.S. Intermediate
Transferor</I></B>&rdquo; means Trinseo U.S. Receivables Company SPV LLC, a Delaware limited liability 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: justify; text-indent: 0.5in">&ldquo;<B><I>U.S. Intermediate
Transferor Receivables Power of Attorney</I></B>&rdquo; means a power of attorney substantially in the form of Part&#8239;A of Schedule
4 to the U.S. Purchase and Sale 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">&ldquo;<B><I>U.S. Originator</I></B>&rdquo;
means each of Trinseo LLC, a Delaware limited liability company, Altuglas LLC, a Delaware limited liability company, and Aristech Surfaces
LLC, a Delaware limited liability company, each in their capacity as a U.S. Originator under and as defined in the U.S. Purchase and Sale
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">&ldquo;<B><I>U.S. Person</I></B>&rdquo;
means a &ldquo;United States person&rdquo; as defined in Section&#8239;7701(a)(30) of the 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>U.S. Purchase
and Sale Agreement</I></B>&rdquo; means the Third Amended and Restated U.S. Receivables Purchase Agreement, dated as of the Restatement
Date (as amended, restated, amended and restated, supplemented or otherwise modified from time to time in accordance with the terms hereof),
among the U.S. Originators, the U.S. Intermediate Transferor and the Investment Manager.</P>

<P STYLE="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">&ldquo;<B><I>U.S. Servicer
Report</I></B>&rdquo; means the U.S. Servicer's Daily Report or the U.S. Servicer's Monthly Report (as the case may be).</P>

<P STYLE="font: 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">&ldquo;<B><I>U.S. Servicers</I></B><I>&rdquo;
</I>means any Person designated as such under the U.S. Servicing 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"><FONT STYLE="font-size: 10pt"><B>&ldquo;<I>U.S.
Servicers' Daily Report</I></B></FONT>&rdquo; means any document prepared by a U.S. Servicer in accordance with clause 7.2 (<I>U.S. Servicers'
Daily Reports</I>) of the U.S. Servicing 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">&ldquo;<B><I>U.S. Servicers'
Monthly Report</I></B>&rdquo; means any document prepared by a U.S. Servicer in accordance with clause 7.1 (<I>U.S. Servicers' Monthly
Reports</I>) of the U.S. Servicing 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">&ldquo;<B><I>U.S. Servicing
Agreement</I></B>&rdquo; means the Third Amended and Restated Servicing Agreement, dated as of the Restatement Date (as amended, restated,
amended and restated, supplemented or otherwise modified from time to time in accordance with the terms hereof), among the U.S. Servicers,
the U.S. Originators, the U.S. Intermediate Transferor, the Borrower and the Collateral Agent, relating to the U.S. Purchased Receivables.</P>

<P STYLE="font: 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">&ldquo;<B><I>U.S. Transaction
Documents</I></B>&rdquo; means:</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: 0.25in">(a)</TD><TD STYLE="text-align: justify">this Agreement;</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: 0.25in">(b)</TD><TD STYLE="text-align: justify">the U.S. Purchase and Sale Agreement;</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: 0.25in">(c)</TD><TD STYLE="text-align: justify">the U.S. Intermediate Transfer Agreement;</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: 0.25in">(d)</TD><TD STYLE="text-align: justify">the U.S. Servicing Agreement;</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: 0.25in">(e)</TD><TD STYLE="text-align: justify">each U.S. Control Agreement;</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: 0.25in">(f)</TD><TD STYLE="text-align: justify">the Amendment and Restatement Agreement; and</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: 0.25in">(g)</TD><TD STYLE="text-align: justify">any other document so designated by the Investment Manager and the Administrative Agent as a &ldquo;U.S.
Transaction Document&rdquo;.</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-align: justify">&ldquo;<B><I>USD Receivable</I></B>&rdquo;
means a Receivable denominated in Dollars.</P>

<P STYLE="font: 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"><FONT STYLE="font-size: 10pt"><B>&ldquo;<I>Value
Added Tax</I></B></FONT><I>' and '<B>VAT</B></I>&rdquo; shall be construed as a reference to value added tax under the laws 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Volcker Rule</I></B>&rdquo;
means Section&#8239;13 of the U.S. Bank Holding Company Act of 1956, as amended, and the applicable rules&#8239;and regulations 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-align: justify; text-indent: 0.5in">&ldquo;<B><I>Withdrawal</I></B>&rdquo;
has the meaning specified in <U>Section&#8239;1.11(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; text-align: justify; text-indent: 0.5in">&ldquo;<B><I>Withdrawal Date</I></B>&rdquo;
means the Business Day on which any Withdrawal is 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; text-align: justify; text-indent: 0.5in">&ldquo;<B><I>Withdrawal Notice</I></B>&rdquo;
has the meaning specified in <U>Section&#8239;1.11(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"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</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-align: center"><B><U>Schedule 2</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>Servicer Defaults</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-indent: 0.5in">The occurrence of any of the following events shall
constitute a servicer default (each a &ldquo;<B><I>Servicer Default</I></B>&rdquo;):</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: 0.75in"></TD><TD STYLE="width: 0.25in">(a)</TD><TD>Any Servicer or Originator:</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: 1.25in"></TD><TD STYLE="width: 0.25in">a.</TD><TD STYLE="text-align: justify">shall fail to perform or observe any term, covenant or agreement under the applicable Purchase and Sale
Agreement or applicable Servicing Agreement and such failure shall remain unremedied for five Business Days after knowledge of such failure
to perform or observe any term, covenant or agreement under the applicable Purchase and Sale Agreement or applicable Servicing Agreement;
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: 1.25in"></TD><TD STYLE="width: 0.25in">b.</TD><TD STYLE="text-align: justify">shall fail to make when due any payment or deposit to be made by it under the applicable Purchase and Sale Agreement or the applicable
Servicing Agreement and such failure shall remain unremedied for two Business Days; or</TD></TR></TABLE>

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<TD STYLE="width: 1.25in"></TD><TD STYLE="width: 0.25in">c.</TD><TD STYLE="text-align: justify">shall fail to deliver any Swiss Servicer Report, German Servicer Report, U.S. Servicer Report or Dutch
Servicer Report when required and such failure shall remain unremedied for two Business Days or one Business Day in respect of Swiss Servicer
Reports, German Service Report, U.S. Servicer Report or Dutch Servicer Report being delivered on a Daily Reporting Date (unless previously
agreed between the applicable Servicer and Borrower that such Servicer Report shall be delivered at a later date or if such late delivery
is due solely to computer or other technical failure, such failure shall remain unremedied for five Business Days).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

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<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">(b)</TD><TD STYLE="text-align: justify">Any representation or warranty made or deemed made by any Servicer or Originator under or in connection
with the applicable Purchase and Sale Agreement or Servicing Agreement or any other Transaction Document or any information or report
delivered by a Servicer pursuant to the applicable Purchase and Sale Agreement or applicable Servicing Agreement or any other Transaction
Document shall prove to have been incorrect or untrue in any material respect when made or deemed made or delivered unless the breach
of such representation or warranty is capable of being cured and is in fact cured within 10 Business Days after the first date on which
the relevant Originator obtains knowledge or receives written notice of such breach from any affected Person.</TD></TR></TABLE>

<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; text-align: justify">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-size: 10pt">(c)</FONT></TD><TD STYLE="text-align: justify">There shall have occurred any event which may have a Material
Adverse Effect on the ability of a Servicer to collect Pool Receivables or otherwise perform its obligations under the applicable Purchase
and Sale Agreement and applicable Servicing Agreement and the other Transaction Documents or any provision of any Transaction Document
applicable to a Servicer shall cease to be effective and valid and binding on the relevant Servicer.</TD>
</TR></TABLE>

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<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>5
<FILENAME>tse-20260528.xsd
<DESCRIPTION>XBRL TAXONOMY EXTENSION SCHEMA
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" ?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 6.5a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
    <!-- Field: Doc-Info; Name: Misc; Value: +aA5w7xRiXgen8uLa3ZcWa6I2bOdzZR+GYkxtmB/bam6LyMhowuQGScUWjGmAQYN -->
<schema xmlns="http://www.w3.org/2001/XMLSchema" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:dei="http://xbrl.sec.gov/dei/2025" xmlns:us-gaap="http://fasb.org/us-gaap/2025" xmlns:srt="http://fasb.org/srt/2025" xmlns:srt-types="http://fasb.org/srt-types/2025" xmlns:tse="http://trinseo.com/20260528" elementFormDefault="qualified" targetNamespace="http://trinseo.com/20260528">
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          <link:definition>00000001 - Document - Cover</link:definition>
          <link:usedOn>link:presentationLink</link:usedOn>
          <link:usedOn>link:calculationLink</link:usedOn>
          <link:usedOn>link:definitionLink</link:usedOn>
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        <link:linkbaseRef xlink:type="simple" xlink:href="tse-20260528_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Presentation Links" />
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    <import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" />
    <import namespace="http://xbrl.sec.gov/dei/2025" schemaLocation="https://xbrl.sec.gov/dei/2025/dei-2025.xsd" />
    <import namespace="http://fasb.org/us-gaap/2025" schemaLocation="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd" />
    <import namespace="http://fasb.org/us-types/2025" schemaLocation="https://xbrl.fasb.org/us-gaap/2025/elts/us-types-2025.xsd" />
    <import namespace="http://www.xbrl.org/dtr/type/2024-01-31" schemaLocation="https://www.xbrl.org/dtr/type/2024-01-31/types.xsd" />
    <import namespace="http://xbrl.sec.gov/country/2025" schemaLocation="https://xbrl.sec.gov/country/2025/country-2025.xsd" />
    <import namespace="http://fasb.org/srt/2025" schemaLocation="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd" />
    <import namespace="http://fasb.org/srt-types/2025" schemaLocation="https://xbrl.fasb.org/srt/2025/elts/srt-types-2025.xsd" />
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<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>6
<FILENAME>tse-20260528_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 6.5a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" roleURI="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel" roleURI="http://www.xbrl.org/2009/role/netLabel" />
    <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CoverAbstract" xlink:label="dei_CoverAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CoverAbstract" xlink:to="dei_CoverAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CoverAbstract_lbl" xml:lang="en-US">Cover [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentType" xlink:label="dei_DocumentType" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentType_lbl" xml:lang="en-US">Document Type</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AmendmentFlag" xlink:label="dei_AmendmentFlag" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentFlag_lbl" xml:lang="en-US">Amendment Flag</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AmendmentDescription" xlink:label="dei_AmendmentDescription" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentDescription" xlink:to="dei_AmendmentDescription_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentDescription_lbl" xml:lang="en-US">Amendment Description</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentRegistrationStatement" xlink:label="dei_DocumentRegistrationStatement" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentRegistrationStatement" xlink:to="dei_DocumentRegistrationStatement_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentRegistrationStatement_lbl" xml:lang="en-US">Document Registration Statement</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentAnnualReport" xlink:label="dei_DocumentAnnualReport" />
      <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/2025/dei-2025.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/2025/dei-2025.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/2025/dei-2025.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/2025/dei-2025.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/2025/dei-2025.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/2025/dei-2025.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/2025/dei-2025.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>
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      <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/2025/dei-2025.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/2025/dei-2025.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/2025/dei-2025.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/2025/dei-2025.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/2025/dei-2025.xsd#dei_EntityPrimarySicNumber" xlink:label="dei_EntityPrimarySicNumber" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityPrimarySicNumber_lbl" xml:lang="en-US">Entity Primary SIC Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityTaxIdentificationNumber" xlink:label="dei_EntityTaxIdentificationNumber" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xml:lang="en-US">Entity Tax Identification Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="dei_EntityIncorporationStateCountryCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityIncorporationStateCountryCode" xlink:to="dei_EntityIncorporationStateCountryCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressAddressLine1" xlink:label="dei_EntityAddressAddressLine1" />
      <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/2025/dei-2025.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/2025/dei-2025.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/2025/dei-2025.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/2025/dei-2025.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/2025/dei-2025.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/2025/dei-2025.xsd#dei_EntityAddressPostalZipCode" xlink:label="dei_EntityAddressPostalZipCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressPostalZipCode" xlink:to="dei_EntityAddressPostalZipCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressPostalZipCode_lbl" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.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/2025/dei-2025.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/2025/dei-2025.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/2025/dei-2025.xsd#dei_Extension" xlink:label="dei_Extension" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Extension" xlink:to="dei_Extension_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Extension_lbl" xml:lang="en-US">Extension</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_WrittenCommunications" xlink:label="dei_WrittenCommunications" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_WrittenCommunications" xlink:to="dei_WrittenCommunications_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_WrittenCommunications_lbl" xml:lang="en-US">Written Communications</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SolicitingMaterial" xlink:label="dei_SolicitingMaterial" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SolicitingMaterial" xlink:to="dei_SolicitingMaterial_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SolicitingMaterial_lbl" xml:lang="en-US">Soliciting Material</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_PreCommencementTenderOffer" xlink:label="dei_PreCommencementTenderOffer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementTenderOffer" xlink:to="dei_PreCommencementTenderOffer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_PreCommencementTenderOffer_lbl" xml:lang="en-US">Pre-commencement Tender Offer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="dei_PreCommencementIssuerTenderOffer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementIssuerTenderOffer" xlink:to="dei_PreCommencementIssuerTenderOffer_lbl" xlink:type="arc" />
      <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/2025/dei-2025.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/2025/dei-2025.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/2025/dei-2025.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/2025/dei-2025.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/2025/dei-2025.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/2025/dei-2025.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/2025/dei-2025.xsd#dei_AnnualInformationForm" xlink:label="dei_AnnualInformationForm" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AnnualInformationForm" xlink:to="dei_AnnualInformationForm_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AnnualInformationForm_lbl" xml:lang="en-US">Annual Information Form</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AuditedAnnualFinancialStatements" xlink:label="dei_AuditedAnnualFinancialStatements" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AuditedAnnualFinancialStatements" xlink:to="dei_AuditedAnnualFinancialStatements_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AuditedAnnualFinancialStatements_lbl" xml:lang="en-US">Audited Annual Financial Statements</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="dei_EntityWellKnownSeasonedIssuer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityWellKnownSeasonedIssuer" xlink:to="dei_EntityWellKnownSeasonedIssuer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityWellKnownSeasonedIssuer_lbl" xml:lang="en-US">Entity Well-known Seasoned Issuer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityVoluntaryFilers" xlink:label="dei_EntityVoluntaryFilers" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityVoluntaryFilers" xlink:to="dei_EntityVoluntaryFilers_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityVoluntaryFilers_lbl" xml:lang="en-US">Entity Voluntary Filers</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityCurrentReportingStatus" xlink:label="dei_EntityCurrentReportingStatus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCurrentReportingStatus" xlink:to="dei_EntityCurrentReportingStatus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCurrentReportingStatus_lbl" xml:lang="en-US">Entity Current Reporting Status</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityInteractiveDataCurrent" xlink:label="dei_EntityInteractiveDataCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityInteractiveDataCurrent" xlink:to="dei_EntityInteractiveDataCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityInteractiveDataCurrent_lbl" xml:lang="en-US">Entity Interactive Data Current</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityFilerCategory" xlink:label="dei_EntityFilerCategory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="dei_EntityFilerCategory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFilerCategory_lbl" xml:lang="en-US">Entity Filer Category</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntitySmallBusiness" xlink:label="dei_EntitySmallBusiness" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntitySmallBusiness" xlink:to="dei_EntitySmallBusiness_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntitySmallBusiness_lbl" xml:lang="en-US">Entity Small Business</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityEmergingGrowthCompany" xlink:label="dei_EntityEmergingGrowthCompany" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityEmergingGrowthCompany" xlink:to="dei_EntityEmergingGrowthCompany_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xml:lang="en-US">Entity Emerging Growth Company</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityExTransitionPeriod" xlink:label="dei_EntityExTransitionPeriod" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityExTransitionPeriod" xlink:to="dei_EntityExTransitionPeriod_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityExTransitionPeriod_lbl" xml:lang="en-US">Elected Not To Use the Extended Transition Period</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentAccountingStandard" xlink:label="dei_DocumentAccountingStandard" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentAccountingStandard" xlink:to="dei_DocumentAccountingStandard_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentAccountingStandard_lbl" xml:lang="en-US">Document Accounting Standard</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_OtherReportingStandardItemNumber" xlink:label="dei_OtherReportingStandardItemNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_OtherReportingStandardItemNumber" xlink:to="dei_OtherReportingStandardItemNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_OtherReportingStandardItemNumber_lbl" xml:lang="en-US">Other Reporting Standard Item Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityShellCompany" xlink:label="dei_EntityShellCompany" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityShellCompany" xlink:to="dei_EntityShellCompany_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityShellCompany_lbl" xml:lang="en-US">Entity Shell Company</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityPublicFloat" xlink:label="dei_EntityPublicFloat" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPublicFloat" xlink:to="dei_EntityPublicFloat_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityPublicFloat_lbl" xml:lang="en-US">Entity Public Float</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityBankruptcyProceedingsReportingCurrent" xlink:label="dei_EntityBankruptcyProceedingsReportingCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityBankruptcyProceedingsReportingCurrent" xlink:to="dei_EntityBankruptcyProceedingsReportingCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityBankruptcyProceedingsReportingCurrent_lbl" xml:lang="en-US">Entity Bankruptcy Proceedings, Reporting Current</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="dei_EntityCommonStockSharesOutstanding" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCommonStockSharesOutstanding" xlink:to="dei_EntityCommonStockSharesOutstanding_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xml:lang="en-US">Entity Common Stock, Shares Outstanding</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentsIncorporatedByReferenceTextBlock" xlink:label="dei_DocumentsIncorporatedByReferenceTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentsIncorporatedByReferenceTextBlock" xlink:to="dei_DocumentsIncorporatedByReferenceTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentsIncorporatedByReferenceTextBlock_lbl" xml:lang="en-US">Documents Incorporated by Reference [Text Block]</link:label>
    </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>7
<FILENAME>tse-20260528_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 6.5a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
    <link:roleRef xlink:type="simple" xlink:href="tse-20260528.xsd#Cover" roleURI="http://trinseo.com/role/Cover" />
    <link:presentationLink xlink:type="extended" xlink:role="http://trinseo.com/role/Cover" xlink:title="00000001 - Document - Cover">
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</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>9
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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</head>
<body>
<span style="display: none;">v3.26.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Cover<br></strong></div></th>
<th class="th"><div>May 28, 2026</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CoverAbstract', window );"><strong>Cover [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">May 28,  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_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">001-36473<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">Trinseo
PLC<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">0001519061<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">00-0000000<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">L2<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">440
East Swedesford Road<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_EntityAddressAddressLine2', window );">Entity Address, Address Line Two</a></td>
<td class="text">Suite 301<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">Wayne<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">PA<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_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">19087<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_CityAreaCode', window );">City Area Code</a></td>
<td class="text">610<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_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">240-3200<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_WrittenCommunications', window );">Written Communications</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_SolicitingMaterial', window );">Soliciting Material</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_PreCommencementTenderOffer', window );">Pre-commencement 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_PreCommencementIssuerTenderOffer', window );">Pre-commencement Issuer 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_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Ordinary Shares, 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">TSEOQ<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CoverAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Cover page.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CoverAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine2">
<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 2 such as Street or Suite number</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_EntityAddressAddressLine2</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>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>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>
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<td>duration</td>
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<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>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>dei:fileNumberItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td>duration</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>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>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
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<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>
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<td>xbrli:normalizedStringItemType</td>
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<td>na</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The 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>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_Security12bTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
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<td><strong> Data Type:</strong></td>
<td>dei:securityTitleItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SolicitingMaterial">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14a<br> -Subsection 12<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SolicitingMaterial</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
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<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_WrittenCommunications">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_WrittenCommunications</td>
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<td>xbrli:booleanItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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