<SEC-DOCUMENT>0001104659-25-124917.txt : 20251229
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<ACCEPTANCE-DATETIME>20251229172345
ACCESSION NUMBER:		0001104659-25-124917
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		15
CONFORMED PERIOD OF REPORT:	20251218
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:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20251229
DATE AS OF CHANGE:		20251229

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Boxlight Corp
		CENTRAL INDEX KEY:			0001624512
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EDUCATIONAL SERVICES [8200]
		ORGANIZATION NAME:           	07 Trade & Services
		EIN:				000000000
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-37564
		FILM NUMBER:		251610368

	BUSINESS ADDRESS:	
		STREET 1:		2750 PREMIERE PARKWAY,
		STREET 2:		SUITE 900
		CITY:			DULUTH
		STATE:			GA
		ZIP:			30097
		BUSINESS PHONE:		676-367-0809

	MAIL ADDRESS:	
		STREET 1:		2750 PREMIERE PARKWAY,
		STREET 2:		SUITE 900
		CITY:			DULUTH
		STATE:			GA
		ZIP:			30097

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Logical Choice Corp
		DATE OF NAME CHANGE:	20141106
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<p style="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>UNITED STATES</b></p>

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

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

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

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Pursuant to Section 13 or 15(d) of The Securities
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of report (date of earliest event reported):
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in its charter)</p>

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

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

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

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Registrant&#8217;s Telephone Number, Including
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Former name or formed address, if changed since
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

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

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

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

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

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

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

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

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

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white">Emerging
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white">If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.&#160;<span style="font-family: Wingdings">&#168;</span></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"></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: justify"></p>
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<td style="width: 0"/><td style="width: 0.75in"><b>Item 1.01</b></td><td><b>Entry into a Material Definitive Agreement.</b></td></tr></table>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On December 18, 2025, Boxlight
Corporation, a Nevada corporation (the &#8220;Company&#8221;), and its subsidiaries entered into the Eleventh Amendment to Credit Agreement
(the &#8220;Eleventh Amendment&#8221;) with Whitehawk Finance LLC, as the lender (the &#8220;Lender&#8221;) and Whitehawk Capital Partners
LP, as administrative agent and collateral agent (the &#8220;Agent&#8221;). The Eleventh Amendment amends the Credit Agreement, originally
entered into on December 31, 2021, as amended on April 4, 2022, June 21, 2022, April 24, 2023, June 26, 2023, March 14, 2024, April 19,
2024, August 12, 2024, March 24, 2025, August 12, 2025, and December 2, 2025, between the Company, its subsidiaries as guarantors, the
Agent, and the Lender.</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Eleventh Amendment becomes
effective upon the date upon which its conditions subsequent are satisfied. The subsequent conditions include certain collateral perfection
and assessment actions and delivery of legal opinions. The Eleventh Amendment is expected to become effective by January 31, 2026.</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Pursuant to the Credit Agreement,
the Company is currently indebted to the Lender in the approximate amount of $32.2 million.</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration: underline">Material Terms and Amendments:</span></p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Extension of Maturity</i></p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Pursuant to the Eleventh Amendment,
the Lender agreed to extend the final maturity date of the loans under the Credit Agreement from December 31, 2025 to April 1, 2027.</p>

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

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

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mandatory quarterly amortization
payments on the initial term loan are suspended for the period commencing on the Eleventh Amendment&#8217;s effective date through, and
including, June 30, 2026, with the first amortization payment thereafter due on September 30, 2026.</p>

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

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

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The &#8220;Applicable Margin&#8221;
is set at 6.50% for Secured Overnight Financing Rate (SOFR) loans and 5.50% for reference rate loans, the same as in the Tenth Amendment.
Additionally, the definition of the &#8220;Reference Rate&#8221; was amended to 5.50% per annum from the previous 5.25% per annum.</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Financial and Other Covenants</i></p>

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

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in"><span style="font-family: Times New Roman, Times, Serif">&#8226;</span></td><td style="text-align: justify"><span style="font-size: 10pt">The Company must maintain qualified cash at all times of at least (i) $1,000,000
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#8226;</td><td style="text-align: justify"><span style="font-size: 10pt">Pursuant to the amendment, the financial covenant requiring compliance with
the Senior Leverage Ratio was removed and the Company is subject to a Minimum Consolidated Adjusted EBITDA covenant commencing with the
testing period ending March 31, 2026 (set at $1,940,000 for such period), and varying thereafter as set forth in the Eleventh Amendment.</span></td></tr></table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#8226;</td><td style="text-align: justify">Certain covenants related to business, management
and governance oversight were added.</td></tr></table>

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

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

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

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Prepayments from Capital Events</i></p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Eleventh Amendment modifies
the mandatory prepayment provisions regarding net cash proceeds from equity offerings and certain permitted additional indebtedness, requiring
50% (or 100% if an event of default exists) of such proceeds to be applied to prepay Credit Agreement loans, provided that the loan parties
may retain up to $5,000,000 of such proceeds for working capital and general corporate purposes.</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Permitted Over Advance</i></p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Eleventh Amendment permits
Credit Agreement indebtedness in excess of maximum amounts in an aggregate amount not to exceed for the months ending December 31, 2025,
$4,000,000; January 31, 2026, $4,400,000; February 28, 2026, $5,500,000 and from and after March 31, 2026 (and each month thereafter),
$4,000,000.</p>

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

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

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The information set forth
in Item 1.01 above regarding the Eleventh Amendment is incorporated by reference into this Item 2.03.</p>

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

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"/><td style="width: 1in"><b>Item 5.02</b></td><td><b>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.</b></td></tr></table>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Board of Directors of
Boxlight Corporation (the &#8220;Company&#8221;) determined to initiate a planned leadership transition as the Company advances its operational
and strategic priorities. As part of this transition, Dale Strang will step down from his role as Chief Executive Officer and member of
the Board of Directors, effective Feb 17, 2026.</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Boxlight expects to regain
compliance with the NASDAQ requirement to maintain a Majority Independent Board with Mr. Strang&#8217;s aforementioned Board resignation.</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mr. Strang has agreed to support
the transition of his responsibilities, and the Company appreciates his leadership during a period of significant change. Mr. Strang&#8217;s
departure will be treated as a termination of his employment without &#8220;cause&#8221; under his Employment Agreement dated September
30, 2024 and effective as of July 1, 2024 (the &#8220;<span style="text-decoration: underline">Employment Agreement</span>&#8221;). `</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Under the terms of the Employment
Agreement, Mr. Strang will be entitled to receive the following compensation and benefits:</p>

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

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in"><span style="font-family: Symbol">&#183;</span></td><td style="text-align: justify">Accrued obligations as of the Effective Date, consisting of all accrued and unpaid base salary, any earned
but unpaid annual cash incentive bonus (currently no annual incentive payment for the Company&#8217;s fiscal year 2025 is anticipated),
payment for accrued but unused paid time off, reimbursement of reasonable business expenses and any benefits, payments or continuation/conversion
rights required by applicable law under benefit plans; and</td></tr></table>

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

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in"><span style="font-family: Symbol">&#183;</span></td><td style="text-align: justify">Severance benefits, including (i) 12 months of current base salary, paid in regular installments over
12 months in accordance with the Company&#8217;s regular payroll practices; (ii) the earned portion, if any, of the annual cash incentive
bonus for the Company&#8217;s 2026 fiscal year, paid in a lump sum within 30 days after the Effective Date; and (iii) Company contributions
toward COBRA premiums for continued group medical, dental and/or vision coverage for Mr. Strang and his eligible dependents in the amount
that the Company contributes toward comparable coverage of active senior executives of the Company under its group health, dental, and/or
vision plans, to cease after the end of the 12 month-period or when his COBRA continuation coverage ends, whichever is earlier.</td></tr></table>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Under the terms of Mr. Strang&#8217;s
long-term cash incentive plan (&#8220;<span style="text-decoration: underline">LTIP</span>&#8221;), he is entitled to payment of any amount earned with respect to the July 1,
2025 through June 30, 2026 performance, provided he executes a release. Although the amount of the LTIP with respect to the current performance
period cannot be determined at this time, the amount is expected to be no less than approximately $25,200 under the terms of the LTIP.</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Severance benefits are conditioned
on Mr. Strang&#8217;s execution and nonrevocation of a general release of claims and an agreement not to solicit the Company&#8217;s customers
and employees. All payments and benefits are intended to comply with, or be exempt from, Section 409A of the Internal Revenue Code, and
nonqualified deferred compensation may be subject to a six-month delay if Mr. Strang is a &#8220;specified employee&#8221; under Section
409A. Payments may be automatically reduced under an excess parachute payment cutback to avoid the excise tax under Sections 280G and
4999 of the Internal Revenue Code, unless he would retain a greater after-tax amount without such reduction.</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The foregoing summary of the
terms of the Employment Agreement and LTIP are qualified in their entirety by reference to the full text of such documents, which are
filed herewith as Exhibits 10.1 and 10.2, respectively, and incorporated by reference herein.</p>

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

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"/><td style="width: 0.75in"><b>Item 9.01</b></td><td><b>Financial Statements and Exhibits.</b></td></tr></table>

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

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    <td style="border-bottom: Black 1pt solid; vertical-align: top; width: 83%; padding-top: 3.25pt; padding-bottom: 1pt"><span style="font-size: 10pt">Description</span></td></tr>
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    <td>&#160;</td>
    <td>&#160;</td></tr>
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    <td style="padding-top: 3.25pt; padding-bottom: 1pt"><a href="tm2534370d1_ex10-1.htm" style="-sec-extract: exhibit"><span style="font-size: 10pt">Employment Agreement dated September 30, 2024 between the Company and Dale Strang</span></a></td></tr>
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    <td style="padding-top: 3.25pt; padding-bottom: 1pt"><a href="tm2534370d1_ex10-2.htm" style="-sec-extract: exhibit"><span style="font-size: 10pt">Boxlight Corporation 2021 Cash Long-Term Incentive Award Plan for Dale Strang</span></a></td></tr>
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    <td style="padding-top: 3.25pt; padding-bottom: 1pt"><a href="tm2534370d1_ex10-3.htm" style="-sec-extract: exhibit"><span style="font-size: 10pt">Eleventh Amendment to Credit Agreement dated as of December 18, 2025 by and among, the Company, the guarantors, the Lender and the Agent</span></a></td></tr>
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    <td style="padding-top: 3.25pt; padding-bottom: 1pt"><span style="font-size: 10pt">101</span></td>
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<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"/><td style="width: 0.5in">*</td><td style="text-align: justify">Schedules and similar attachments have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The
Company undertakes to furnish supplemental copies of any of the omitted schedules and attachments upon request by the Securities &amp;
Exchange Commission.</td></tr></table>

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


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

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

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

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

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

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <td style="vertical-align: bottom; width: 8%">&#160;</td>
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    <td style="vertical-align: top; width: 51%"><span style="font-size: 10pt">&#160;</span></td></tr>
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    <td>&#160;</td>
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    <td><span style="font-size: 10pt">BOXLIGHT CORPORATION</span></td></tr>
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    <td colspan="2">&#160;</td>
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  <tr>
    <td colspan="2" style="vertical-align: top"><span style="font-size: 10pt">Dated: &#160;December 29, 2025</span></td>
    <td style="vertical-align: bottom">&#160;</td></tr>
  <tr>
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    <td style="vertical-align: bottom">&#160;</td>
    <td style="border-bottom: black 1pt solid; vertical-align: top"><span style="font-size: 10pt"><i>By: /s/ Ryan Zeek</i></span></td></tr>
  <tr>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top"><span style="font-size: 10pt">&#160;Name: Ryan Zeek</span></td></tr>
  <tr>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top"><span style="font-size: 10pt">Title: Chief Financial Officer</span></td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>2750 Premiere Parkway, Suite&nbsp;900</B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Duluth, GA 30097</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">September&nbsp;30, 2024</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">60 Upper Toyon Dr</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Kentfield, CA 94904</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><B><I>Re: Employment and Related Terms</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On behalf of Boxlight Corporation, a Nevada corporation
(the &ldquo;<U>Company</U>&rdquo;), we are pleased to extend to you this offer of employment as Chief Executive Officer (&ldquo;<U>CEO</U>&rdquo;)
reporting to the Company&rsquo;s Board of Directors (the &ldquo;<U>Board</U>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Your employment is contingent upon your review,
acknowledgment and agreement to abide by the Company&rsquo;s employment policies.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Your employment with the Company shall be &ldquo;at
will&rdquo; which means that you or the Company may terminate your employment at any time. The Company agrees to give you at least 60
days&rsquo; prior notice of termination. You agree to give the Board at least 60 days&rsquo; prior notice of a resignation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The balance of this letter describes terms and
conditions of our offer.</P>

<P STYLE="text-align: justify; 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="text-align: justify; width: 0.5in"></TD><TD STYLE="text-align: justify; width: 0.5in"><FONT STYLE="font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify"><U>Duties</U>.</TD></TR></TABLE>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"> <FONT STYLE="font-size: 10pt"><I>(a)</I></FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Start Date</U>. July&nbsp;1, 2024.</P>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt"><I>(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</I></FONT><U>Duties</U>.
You shall perform the services and have the duties as customarily associated with those of a Chief Executive Officer, and as may from
time to time prescribed by the Board. You shall report to the Board and shall be subject to the direction and control of the Board. You
shall travel as necessary to perform your duties, including to the Company&rsquo;s offices.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt"><I>(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</I></FONT><U>Time</U>.
You shall devote your professional and business time, attention and energy to the business of the Company, as is necessary and
appropriate to meet and further the interests of the Company. As used herein, the term &ldquo;business&rdquo; shall mean and include
the development and selling of technology products and professional services to education and enterprise customers. Notwithstanding
the foregoing, the Company understands you have other investments and interests that do not compete with the business of the
Company, and you may continue to manage those investments and interest including (i)&nbsp;personal investments and affairs for you
and your family; (ii)&nbsp;participate in industry, trade, professional, non-profit, community or philanthropic activities, serve on
civic or charitable boards or committees, in each case to the extent that such activities do not materially interfere with the
performance of your duties and are not in conflict with the business interests of the Company; and (iii)&nbsp;serve as a director of
other for-profit external boards of directors that do not compete with the Company.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt"><I>(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</I></FONT><U>Resignation
of All Other Positions</U>. If requested by the Board, you agree to resign from all officer and board member positions that you hold with
the Company or any of the Company&rsquo;s subsidiaries and affiliates effective upon the termination of your employment. You shall execute
any documents in reasonable form as may be requested to confirm or effectuate any such resignations.</P>

<P STYLE="text-align: justify; 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="text-align: justify; width: 0.5in"></TD><TD STYLE="text-align: justify; width: 0.5in"><FONT STYLE="font-size: 10pt">(2)</FONT></TD><TD STYLE="text-align: justify"><U>Compensation and Benefits</U>.</TD></TR></TABLE>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt"><I>(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</I></FONT><I>Base
Salary</I>. Your annual base salary (&ldquo;<U>Base Salary</U>&rdquo;) will be $400,000, less any applicable withholdings, and paid consistent
with the Company&rsquo;s standard payroll policies.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt"><I>(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</I></FONT><I>Annual
Incentive Bonus. </I>You shall be eligible to receive an annual incentive bonus (&ldquo;<U>Incentive Bonus</U>&rdquo;). Your target Incentive
Bonus amount for a particular fiscal year of the Company shall be $400,000 (the &ldquo;<U>Target Bonus Amount</U>&rdquo;); provided that
your actual Incentive Bonus amount for a particular fiscal year shall be determined by the Board (or compensation committee thereof, if
constituted) in its sole and unfettered discretion based on performance objectives (which shall include corporate and individual objectives)
established by the Board (or a compensation committee thereof) with respect to that particular fiscal year, and may be greater or less
than the Target Bonus Amount. The Incentive Bonus shall be paid to you in a lump-sum, less such payroll deductions as are required by
law, not later than seventy-five (75) days after the end of the calendar year for which the bonus is payable and otherwise in accordance
with applicable bonus policies of the Company, as modified from time to time. You must be actively employed by the Company throughout
the applicable bonus measurement period and shall not have given notice of termination, or been given notice by the Company of the termination
of your employment for Cause (as set forth below) where such breach giving rise to Cause is not cured, at any time during the applicable
bonus measurement period to be eligible to receive the Bonus.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, 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 the Annual
Incentive Bonus, you will be eligible to participate in any and all other bonus and long-term incentive plans from time to time in effect
for senior executives of the Company generally.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><I>(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</I></FONT><I>Long-Term
Cash Incentive Compensation</I>. You will be granted Long Term Cash Incentive Compensation valued at $400,000. The Long Term Cash Incentive
Compensation shall be subject to all rules&nbsp;and requirements to be set forth in an award agreement and any governing plans in effect.
Notwithstanding the foregoing, the Long Term Cash Incentive compensation issued pursuant to this Section&nbsp;2(c)&nbsp;shall immediately
stop vesting on the date that you cease acting as the CEO of the Company.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><I>(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</I></FONT><I>Paid
Time Off. </I>You shall be entitled to take paid time off in accordance with the Company&rsquo;s applicable paid time off policy for senior
executives, as may be in effect from time to time.</P>

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

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

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><I>(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</I></FONT><I>Benefits</I>.
You will be eligible to receive such benefits as are provided to senior executives of the Company, including health insurance, 401(k)&nbsp;and
any other generally available benefits.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><I>(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</I></FONT><I>Payments
Upon Termination. </I>Upon termination of your employment for any reason you will receive all accrued and unpaid Base Salary, earned but
unpaid Incentive Bonus, all earned but unused PTO based on your Base Salary in effect at the time of your termination of employment, reimbursement
for reasonable business expenses incurred prior to your termination of employment in accordance with Section&nbsp;3 hereof and, to the
extent required by applicable law, the Company will pay or otherwise provide for any benefits, payments or continuation of coverage or
conversion rights in accordance with the terms of any benefit plan in which you and/or your dependents participate (&ldquo;<U>Accrued
Obligations</U>&rdquo;). In the event that your employment is terminated by the Company without Cause (as defined below) you shall be
entitled to receive in addition to the Accrued Obligations the following payments from the Company: (i)&nbsp;twelve (12) months of your
then current Base Salary to be paid over a period of twelve (12) months, payable in regular installments in accordance with the Company&rsquo;s
regular payroll practices; (iii)&nbsp;the earned portion, if any, of the Annual Bonus based on your termination date for the fiscal year
in which your employment is terminated paid in a lump sum within thirty (30) days after the date of termination; and (iv)&nbsp;if you
elect to receive COBRA continuation coverage under the Company&rsquo;s group health, dental and/or vision plans for yourself and your
eligible dependents, the Company will continue to contribute to the COBRA premium cost of your continuation coverage under the Company&rsquo;s
group medical and dental plans the amount that it contributes toward comparable coverage of active senior executives of the Company under
its group health, dental and/or vision plans for a period of up to twelve (12) months, provided, however, that such contribution to the
cost of your COBRA premiums will cease when your COBRA continuation coverage ends or at the end of such twelve (12) month period (subsections
i-iv collectively, &ldquo;Severance Benefits&rdquo;). Such Severance Benefits shall be conditioned upon and subject to you signing a general
release of claims against the Company and its affiliates and agreement not to solicit customers and employees of the Company in form acceptable
to the Company (the &ldquo;General Release&rdquo;) and such General Release becoming final, binding and irrevocable within 60 days after
the date of your termination of employment. Any Severance Benefits that would otherwise be payable to you if the General Release had become
final, binding and irrevocable, on your termination date will be suspended and paid to you on the next regularly scheduled pay date after
the General Release becomes final, binding and irrevocable; provided that, if the time period set forth above to execute and not revoke
the General Release spans two calendar years, then any payment otherwise to be made in accordance with this Section&nbsp;shall be made
in the later of the two years.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(3)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Expense
Reimbursement</U>. You are authorized to incur, and shall be entitled to receive prompt reimbursement by the Company for, all reasonable
expenses you incur in performing your duties and carrying out your responsibilities to the Company, including business meals, entertainment,
and travel expenses, provided that you comply with all of the applicable expense reimbursement policies of the Company.</P>

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

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

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(4)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Definition
of Cause</U>. For purposes of this offer letter, &ldquo;<I>Cause</I>&rdquo; shall mean (i)&nbsp;your conviction of or plea of nolo
contendere to a felony or other crime involving moral turpitude (other than one involving a motor vehicle); (ii)&nbsp;your fraud,
theft or embezzlement committed with respect to the Company; (iii)&nbsp;your willful and continued failure to perform your material
duties to the Company or (iv)&nbsp;your willful and material violation of the Company&rsquo;s policies regarding employee conduct,
business ethics or employee health and safety; <I>provided, however</I>, that the Company may terminate your employment hereunder
for &ldquo;Cause&rdquo; within the meaning of clause (iii)&nbsp;or (iv)&nbsp;only after the Board has provided written notice to you
of the conduct and, if such conduct is capable of being cured, you shall not have cured within thirty (30) days following the
effectiveness of such notice; and <I>provided, further, </I>that &ldquo;Cause&rdquo; (including, without limitation, any
&ldquo;Cause&rdquo; under clause (iii)&nbsp;above) shall not include any act or omission reasonably believed by you in good faith to
have been in and not opposed to the best interests of the Company (without intent to gain, directly or indirectly, a profit to which
you were not legally entitled).</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(5)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Excess
Parachute Excise Tax</U>. Anything in this letter to the contrary notwithstanding, in the event it shall be determined that any payment,
award, benefit or distribution (including any acceleration) by the Company or any entity which effectuates a transaction described in
Section&nbsp;280G(b)(2)(A)(i)&nbsp;of the Internal Revenue Code (the &ldquo;<U>Code</U>&rdquo;) to or for your benefit (whether pursuant
to the terms of this letter or otherwise, but determined before application of any reductions required pursuant to this Section&nbsp;5
(a &ldquo;Payment&rdquo;) would be subject to the excise tax imposed by Section&nbsp;4999 of the Code or you incur any interest or penalties
with respect to such excise tax (such excise tax, together with any such interest and penalties, are hereinafter collectively referred
to as the &ldquo;<U>Excise Tax</U>&rdquo;), the Company will automatically reduce such Payments to the extent, but only to the extent,
necessary so that no portion of the remaining Payments will be subject to the Excise Tax, unless the amount of such Payments that you
would retain after payment of the Excise Tax and all applicable Federal, state and local income taxes without such reduction would exceed
the amount of the Payments that you would retain after payment of all applicable Federal, state and local taxes after applying such reduction.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(6)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Section&nbsp;409A
of the Internal Revenue Code</U>. The payments and benefits described in this letter are intended to comply with, or be exempt from, Section&nbsp;409A
of the Code and, accordingly, to the maximum extent permitted, this letter shall be construed and interpreted in accordance with such
intent. Your termination of employment (or words to similar effect) shall not be deemed to have occurred for purposes of this letter unless
such termination of employment constitutes a &ldquo;separation from service&rdquo; within the meaning of Code Section&nbsp;409A and the
regulations and other guidance promulgated thereunder.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt"><I>(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</I></FONT>Notwithstanding
any provision in this letter to the contrary, if you are deemed on the date of your separation from service to be a &ldquo;specified employee&rdquo;
within the meaning of that term under Code Section&nbsp;409A(a)(2)(B)&nbsp;and using the identification methodology selected by the Company
from time to time, or if none, the default methodology set forth in Code Section&nbsp;409A, then with regard to any payment or the providing
of any benefit that constitutes &ldquo;nonqualified deferred compensation&rdquo; pursuant to Code Section&nbsp;409A and the regulations
issued thereunder that is payable due to your separation from service, to the extent required to be delayed in compliance with Code Section&nbsp;409A(a)(2)(B),
such payment or benefit shall not be made or provided to you prior to the earlier of (i)&nbsp;the expiration of the six (6)-month period
measured from the date of your separation from service, and (ii)&nbsp;the date of your death (the &ldquo;<U>Delay Period</U>&rdquo;).
On the first day of the seventh month following the date of your separation from service or, if earlier, on the date of your death, all
payments delayed pursuant to this Section&nbsp;6 will be paid or reimbursed to you in a lump sum, and any remaining payments and benefits
due under this letter will be paid or provided in accordance with the normal payment dates specified for them herein.</P>

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

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

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><I>(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</I>To
the extent any reimbursement of costs and expenses provided to you pursuant to this letter constitutes taxable income for Federal income
tax purposes, such reimbursements shall be made as soon as practicable after you provide proper documentation supporting reimbursement
but in no event later than December&nbsp;31 of the calendar year next following the calendar year in which the expenses to be reimbursed
are incurred. With regard to any reimbursement of expenses or in-kind benefits provided to you, except as permitted by Code Section&nbsp;409A,
(i)&nbsp;the right to reimbursement or in-kind benefits is not subject to liquidation or exchange for another benefit, and (ii)&nbsp;the
amount of expenses eligible for reimbursement, or in-kind benefits, provided during any taxable year shall not affect the expenses eligible
for reimbursement, or in-kind benefits to be provided, in any other taxable year.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt"><I>(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</I></FONT>If
under this letter, any amount is to be paid to you in two or more installments, each such installment shall be treated as a separate payment
for purposes of Section&nbsp;409A of the Code.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(7)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Non-Disparagement</U>.
You agree during your employment and thereafter not to disparage the Company, and/or the Company&rsquo;s attorneys, directors, managers,
partners, employees, agents and affiliates, in any manner likely to be harmful to them or their business, business reputation or personal
reputation.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(8)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Severability</U>.
The parties agree that if any provision of this letter agreement is found to be unenforceable to any extent or in violation of any attribute,
rule, regulation or common law, it will not affect the enforceability of the remaining provisions and the court shall enforce the affected
provision and all remaining provisions to the fullest extent permitted by law.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(9)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Indemnification</U>.
Throughout the time you serve as the CEO, the Company hereby agrees to maintain officers and directors&rsquo; liability insurance with
one or more recognized insurance carriers in an amount of not less than Ten Million ($10,000,000) and to cover you under all of such policies
and to provide indemnity to you, in your capacity described in this letter, to the fullest extent provided under Nevada law as provided
herein. In addition, throughout the period of time that you serve as the CEO, the Company hereby agrees to indemnify, defend and hold
you and your affiliates harmless and, if applicable, the directors, officers, shareholders, employees, attorneys, accountants, agents
and representatives of any affiliate of you and your heirs, successors and assigns of you and your affiliates (collectively, the &ldquo;<U>Indemnified
Parties</U>&rdquo;) to the fullest extent permitted under Nevada law, from and against any and all claims, liabilities, costs, expenses,
including without limitation the payment by the Company of all legal fees, court costs and filing fees, as incurred by you (collectively,
&ldquo;<U>Claims</U>&rdquo;), based upon, arising out of or otherwise in respect of (i)&nbsp;any act of omission or commission by the
Company or its board of directors, (ii)&nbsp;the failure of the Company to perform or observe fully any covenant, agreement or provision
to be performed or observed by the Company to any third party, or (iii)&nbsp;any third-party Claim arising out of or in connection with
the operation of the business of the Company. For the sake of clarity, this provision does not apply to any claims brought by you against
the Company or any claims brought by the Company against you.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(10)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Entire
Agreement; Amendment</U>. This letter embodies the entire agreement and understanding between the parties hereto with respect to the
matters covered hereby and supersedes the letter agreement between you and the Company dated April&nbsp;29, 2024. Only an instrument
in writing executed by the parties hereto may amend this letter agreement.</P>

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

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

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(11)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Successors
and Assigns</U>. This letter will be binding upon and inure to the benefit of any successor of the Company. Any such successor of the
Company will be deemed substituted for the Company under the terms of this letter for all purposes. For this purpose, &ldquo;successor&rdquo;
means any person, firm, corporation, or other business entity which at any time, whether by purchase, merger, or otherwise, directly or
indirectly acquires all or substantially all of the assets or business of the Company. The Company shall require its respective successors
to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to
perform it if no such succession had taken place.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(12)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Recoupment</U>.
You shall be required to repay incentive pay received throughout your employment to the Company as described in this Section&nbsp;12,
and the Company may offset payments otherwise due and payable under this letter by the amounts required to be repaid under this Section&nbsp;12.
Repayment of incentive pay shall be required if, and to the extent that, the Compensation Committee of the Board determines, in its sole
discretion, that repayment is due on account of a restatement of the Company&rsquo;s financial statements or otherwise pursuant to any
clawback or compensation recoupment policy as may be in effect or amended from time to time.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(13)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Governing
Law</U>. This letter agreement shall be governed and construed in accordance with the laws of the State of Nevada.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(14)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Counterparts</U>.
This letter may be executed in any number of counterparts, each of which when so executed and delivered shall be taken to be an original;
but such counterparts shall together constitute one and the same document.</P>

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

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

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

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

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<P STYLE="text-align: justify; font: 10pt Times New Roman, 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">Dale, we are delighted to
extend this offer of employment to you and look forward to working with you. To accept this offer, please countersign this letter agreement
in the space provided below and return a copy to me at your earliest convenience.</P>

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

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

<P STYLE="text-align: justify; 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; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD COLSPAN="2" STYLE="text-align: justify"><B>BOXLIGHT
CORPORATION</B></TD><TD STYLE="text-align: justify">&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD>
</TR><TR STYLE="vertical-align: top; text-align: justify">
<TD COLSPAN="2" STYLE="text-align: justify">&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
     <TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: justify; width: 3%"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
<TD STYLE="text-align: justify; border-bottom: Black 1pt solid; width: 46%">/s/ Wayne Jackson</TD><TD STYLE="padding-bottom: 1pt; text-align: justify; width: 2%">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: justify; width: 49%">&nbsp;</TD></TR>
     <TR STYLE="vertical-align: top; text-align: justify">
<TD COLSPAN="2" STYLE="text-align: justify">Wayne Jackson, Director</TD><TD STYLE="text-align: justify">&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
     </TABLE>

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

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

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<TD STYLE="text-align: justify"></TD><TD STYLE="text-align: justify">&nbsp;</TD><TD COLSPAN="3" STYLE="text-align: justify"><B>I HAVE CAREFULLY
                                            READ THIS LETTER REGARDING MY EMPLOYMENT WITH BOXLIGHT CORPORATION AND MY SIGNATURE HERETO
                                            REFLECTS MY UNDERSTANDING AND FULL AGREEMENT WITH ITS TERMS.</B></TD>
</TR><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: justify">&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD><TD COLSPAN="3" STYLE="text-align: justify">&nbsp;</TD></TR>
     <TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="padding-bottom: 1pt; text-align: justify; width: 5%">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: justify; width: 5%">&nbsp;</TD><TD STYLE="text-align: justify; width: 3%"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
                                                       <TD STYLE="border-bottom: Black 1pt solid; text-align: justify; width: 37%">/s/ Dale Strang&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</TD>
                                                       <TD STYLE="text-align: justify; width: 50%">&nbsp;</TD></TR>
     <TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: justify">&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD><TD COLSPAN="3" STYLE="text-align: justify">Dale Strang</TD></TR>
     </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><B></B></P>

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

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

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>tm2534370d1_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.2</B></P>

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

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>BOXLIGHT CORPORATION</B></FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>2021 EQUITY INCENTIVE
PLAN</B></FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>AWARD GRANT (CASH)</B></FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; width: 7%">TO:</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; width: 93%">&#8239;Dale Strang</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif">FROM:</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif">Boxlight Corporation</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif">RE:</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif">Cash Long-Term Incentive Award</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">I am pleased to report that you have been granted
by Boxlight Corporation (the &ldquo;Company&rdquo;) a Target LTIP Award pursuant to the Boxlight Corporation 2021 Equity Incentive Plan
(the &ldquo;Plan Document&rdquo;) for the three-year performance period 2024 through 2027, comprised of the following:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Target Cash LTIP Award: $400,000</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">Your award is subject to the terms and conditions
of the Plan Document, as amended. If this award agreement (the &ldquo;Agreement&rdquo;) varies from the terms of the Plan Document, the
Plan Document will 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; text-align: justify"><B><U>PERFORMANCE GOALS</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">The amount of Cash LTIP award you earn will depend
on the performance of the Company relative to the performance goal for the three-year performance cycle from July&nbsp;1, 2024 through
June&nbsp;30, 2027 (the &ldquo;Performance Cycle&rdquo;). The performance goals with respect to the Cash LTIP award are attached as Appendix
A 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">The determination of whether (and to what extent)
the performance goals have been met will be made by the Compensation Committee no later than promptly following the end of the 12-month
period within a Performance Cycle (each such period, a &ldquo;Performance Period&rdquo;) or, if sooner, the occurrence of a Change in
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; text-align: justify"><B><U>OTHER IMPORTANT INFORMATION</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: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Symbol">&middot;</FONT></FONT></TD><TD STYLE="text-align: justify">If
                                            the Company&rsquo;s performance relative to the Performance Goal during a Performance Period
                                            is below the Performance Target, the amount you earn with respect to 1/3 of the Target Cash
                                            LTIP Award will be reduced pro rata based on actual performance. At no time during the Performance
                                            Cycle shall the payout be less than 1/3 of that portion of the Target Cash LTIP Award.</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: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Symbol">&middot;</FONT></FONT></TD><TD STYLE="text-align: justify">If
                                            the Company&rsquo;s performance relative to the Performance Goal during a Performance Period
                                            equals the Performance Target, the amount you earn with respect to 1/3 of the Target Cash
                                            LTIP Award will equal 100% of that portion of the Target Cash LTIP Award.</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: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Symbol">&middot;</FONT></FONT></TD><TD STYLE="text-align: justify">If
                                            the Company&rsquo;s performance relative to the Performance Goal during a Performance Period
                                            exceeds the Performance Target, the amount you earn with respect to 1/3 of the Target Cash
                                            LTIP Award will increase proportionately based on attainment against the Performance Goal.
                                            At no time during the Performance Cycle shall the payout exceed 3x the Target Cash LTIP Award,
                                            with the exception of a Change in Control as discussed below.</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: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Symbol">&middot;</FONT></FONT></TD><TD STYLE="text-align: justify">In
                                            order to receive any amount with respect to the Cash LTIP Award, you must remain employed
                                            with the Company through the respective vesting period, except in the case of death, disability
                                            or termination without Cause, as discussed below. If your employment terminates prior to
                                            completion of a Performance Period for any reason other than death, disability or termination
                                            without Cause, you will forfeit all of the Cash LTIP award not vested as of the termination
                                            date. If your employment terminates due to death, disability or termination without Cause,
                                            you will be entitled to payment of any amount earned with respect to the Performance Period
                                            in which the termination occurs, provided you, (or your representative in the event of death),
                                            execute a release of claims on a form provided by the Company that becomes effective no later
                                            than thirty days after the termination. Further portions of the Cash LTIP Award will be forfeited.</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: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Symbol">&middot;</FONT></FONT></TD><TD STYLE="text-align: justify">For
                                            purposes of this Agreement, &ldquo;Cause&rdquo; shall mean (i)&nbsp;your conviction of or
                                            plea of nolo contender to a felony or other crime involving moral turpitude (other than one
                                            involving a motor vehicle); (ii)&nbsp;your fraud, theft or embezzlement committed with respect
                                            to the Company; (iii)&nbsp;your willful and continued failure to perform your material duties
                                            to the Company or (iv)&nbsp;your willful and material violation of the Company&rsquo;s policies
                                            regarding employee conduct, business ethics or employee health and safety; provided, however,
                                            that the Company may terminate your employment hereunder for &ldquo;Cause&rdquo; within the
                                            meaning of clause (iii)&nbsp;or (iv)&nbsp;only after the Company has provided written notice
                                            to you of the failure, and, if such failure is capable of being remedied, you shall not have
                                            remedied such failure within 30 days following the effectiveness of such notice; and provided,
                                            further, that &ldquo;Cause&rdquo; (including, without limitation, any &ldquo;Cause&rdquo;
                                            under clause (iii)&nbsp;above) shall not include any act or omission reasonably believed
                                            by you in good faith to have been in and not opposed to the best interests of the Company
                                            (without intent to gain, directly or indirectly, a profit to which you were not legally entitled)
                                            and reasonably believed by you not to have been improper or unlawful. In the event of any
                                            dispute between you and the Company regarding whether &ldquo;Cause&rdquo; exists, any determination
                                            by the Board shall be subject to de novo review by any forum deciding the disputed issue,
                                            provided that such de novo review shall not otherwise change or shift the burden of proof
                                            in connection with any dispute resolution proceeding.</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: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Symbol">&middot;</FONT></FONT></TD><TD STYLE="text-align: justify">If
                                            you die during the Performance Cycle, any beneficiary you have designated by will (or, if
                                            you do not so designate a beneficiary or your designated beneficiary fails to survive you,
                                            your estate) will receive a payout based upon achievement of the Performance Target through
                                            the most recent vesting 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: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Symbol">&middot;</FONT></FONT></TD><TD STYLE="text-align: justify">The
                                            amount of the Cash LTIP award earned at the end of a Performance Period, if any, will also
                                            be reduced to satisfy applicable withholding taxes and will be paid as soon as administratively
                                            practicable but within 30 days following the end of the vesting period.</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: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Symbol">&middot;</FONT></FONT></TD><TD STYLE="text-align: justify">The
                                            Compensation Committee retains the right in its sole discretion to reduce any award which
                                            would otherwise be payable, unless there has been a Change in Control.</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: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Symbol">&middot;</FONT></FONT></TD><TD STYLE="text-align: justify">Upon
                                            a Change in Control, the per share consideration offered for the Company&rsquo;s Class&nbsp;A
                                            common stock shall be used to measure performance, all remaining unvested and unforfeited
                                            portions of the Performance Cycle shall vest with respect to any Participant then in employment,
                                            a final payment shall be made within 30 days of the Change in Control for any vested and
                                            unpaid Cash LTIP Awards, and the portion of Cash LTIP Awards whose value is based on the
                                            Change in Control value will not be subject to a maximum payout. For purposes of this Agreement,
                                            &ldquo;Change in Control&rdquo; shall mean a &ldquo;Change in Control&rdquo; as defined in
                                            the Equity Incentive Plan, that is also a &ldquo;change in control event&rdquo; for purposes
                                            of Section&nbsp;409A of the Code (as defined below).</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: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Symbol">&middot;</FONT></FONT></TD><TD STYLE="text-align: justify">Any
                                            income you derive from a payout of the Cash LTIP award will not be considered eligible earnings
                                            for Company or subsidiary pension plans, savings plans, profit sharing plans or other benefit
                                            plans.</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: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Symbol">&middot;</FONT></FONT></TD><TD STYLE="text-align: justify">Anything
                                            in this Agreement to the contrary notwithstanding, in the event it shall be determined that
                                            any payment, award, benefit or distribution (including any acceleration) by the Company or
                                            any entity which effectuates a transaction described in Section&nbsp;280G(b)(2)(A)(i)&nbsp;of
                                            the Internal Revenue Code (the &ldquo;Code&rdquo;) to or for your benefit (whether pursuant
                                            to the terms of this Agreement or otherwise, but determined before application of any reductions
                                            required pursuant to this paragraph (a &ldquo;Payment&rdquo;) would be subject to the excise
                                            tax imposed by Section&nbsp;4999 of the Code or you incur any interest or penalties with
                                            respect to such excise tax (such excise tax, together with any such interest and penalties,
                                            are hereafter collectively referred to as the &ldquo;Excise Tax&rdquo;), the Company will
                                            automatically reduce such Payments to the extent, but only to the extent, necessary so that
                                            no portion of the remaining Payments will be subject to Excise Tax, unless the amount of
                                            such Payments that you would retain after payment of the Excise Tax and all applicable Federal,
                                            state and local income taxes without such reduction would exceed the amount of the Payment
                                            that you would retain after payment of all applicable Federal, state or local taxes after
                                            applying such reduction.</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: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Symbol">&middot;</FONT></FONT></TD><TD STYLE="text-align: justify">By
                                            signing this Agreement, you agree to keep strictly confidential any non-public information
                                            provided to you by the Company or any affiliate (&ldquo;Confidential Information&rdquo;),
                                            including, any financial information relating to the Company or any affiliate contained therein
                                            or subsequently provided to you. You may disclose Confidential Information (i)&nbsp;if required
                                            by applicable law; (ii)&nbsp;to members of your immediate family, or (iii)&nbsp;where necessary,
                                            to your tax or legal advisors so long as you inform your advisors of this confidentiality
                                            provision, and they expressly agree to be bound by it.</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"><B><U>FOR MORE INFORMATION</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">If you have any questions about the Cash LTIP Award, the Plan Document
or need additional information, contact Greg Wiggins at (678) 367-0809.</P>

<P STYLE="font: 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"><B>APPENDIX A</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Performance Goal</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">For the 2024-2027 Performance Cycle, the Compensation
Committee selected share price appreciation of the Company&rsquo;s Class&nbsp;A common stock, currently listed on NASDAQ (ticker: BOXL)
as the performance goal.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Share price appreciation is measured as the:</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: 18pt"></TD><TD STYLE="width: 17.85pt">(A)</TD><TD>Average closing share price of the Company&rsquo;s class A common
                                            stock for the 30 calendar days immediately preceding the vesting date, less</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: 18pt"></TD><TD STYLE="width: 17.9pt">(B)</TD><TD>Average closing share price calculated for the 30 calendar days immediately
                                            preceding the most recently completed 12-month period in the Performance Cycle, or the effective
                                            date of this Agreement if the first vesting period.</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">Share prices will be rounded to the nearest whole cent for calculation
purposes.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Performance Goal will be deemed met and 100%
payout achieved if the share price of the Company&rsquo;s class A common stock is equal to the Performance Target as defined below. For
avoidance of doubt, if the Performance Target is $1.00 and the average closing stock price, as defined above, for the respective vesting
period is $1.00, the Participant will receive a payout equal to 100% of the Performance Target for that vesting 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"><B><U>Performance Cycle</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">The Performance Cycle is effective for the period
from July&nbsp;1, 2024 through June&nbsp;30, 2027.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Award Vesting</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">Awards will vest pro rata on the last day of
each fiscal quarter beginning with the quarter ended September&nbsp;30, 2024.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Award Payment</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">Cash payment of LTIP Awards will be made not
later than 30 days following completion of each 12-month period in the Performance Cycle. Cash payments will be made based on the LTIP
Awards vested at the conclusion of the then ended 12-month period. Cash payments are subject to the Company&rsquo;s compliance with all
covenants contained in the Company&rsquo;s credit facilities in effect at the conclusion of each Performance Cycle.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Performance Target</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">The Performance Target is equal to the average closing share price
of the Company&rsquo;s Class&nbsp;A common stock for the 30 calendar days immediately preceding the date of this Agreement.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><B>[SIGNATURE PAGE]</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">We are excited to give you
this opportunity to share in our future success. Please indicate your acceptance of this Cash LTIP Award and that you have read and understand
the terms of the Plan Document and this Award Agreement by signing and returning a copy of this Award Agreement. By executing this Award
Agreement, you acknowledge that you will become a party to this Award Agreement 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 0pt 0.5in"><B>BOXLIGHT CORPORATION</B></P>

<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; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="padding-bottom: 1pt; width: 6%"></TD><TD STYLE="border-bottom: Black 1pt solid; width: 44%; text-align: left"><B>/s/ Dale Strang</B></TD><TD STYLE="padding-bottom: 1pt; text-align: justify; width: 50%">&nbsp;</TD>
</TR><TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: left"><B>Dale Strang</B></TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
     <TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: left"><B>Chief Executive Officer</B></TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
     </TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%">
  <TR STYLE="vertical-align: top; text-align: justify">
    <TD STYLE="padding-bottom: 1pt; width: 6%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 44%; text-align: left"><B>/s/ Greg Wiggins</B></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: justify; width: 50%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; text-align: justify">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>Greg Wiggins</B></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; text-align: justify">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>Chief Financial Officer</B></TD>
    <TD STYLE="text-align: justify">&nbsp;</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 0pt 0.5in">&nbsp;</P>

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

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>tm2534370d1_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">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.3</B></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This ELEVENTH AMENDMENT TO
CREDIT AGREEMENT, dated as of December&nbsp;18, 2025 (this &ldquo;<U>Eleventh Amendment</U>&rdquo;), is entered into by and among Boxlight
Corporation, a Nevada corporation (the &ldquo;<U>Borrower</U>&rdquo;), each Subsidiary of the Borrower listed as a &ldquo;Guarantor&rdquo;
on the signature pages&nbsp;hereto (each a &ldquo;<U>Guarantor</U>&rdquo; and collectively, the &ldquo;<U>Guarantors</U>&rdquo;), the
financial institutions party hereto as Lenders and Whitehawk Capital Partners LP (&ldquo;<U>Whitehawk Capital</U>&rdquo;), as 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: 0.5in">WHEREAS, the Borrower, the
Guarantors, the Lenders, the Collateral Agent and the Administrative Agent are party to that certain Credit Agreement, dated as of December&nbsp;31,
2021 ((a)&nbsp;as amended by the First Amendment to Credit Agreement dated as of April&nbsp;4, 2022, (b)&nbsp;as amended by the Second
Amendment to Credit Agreement dated as of June&nbsp;21, 2022, (c)&nbsp;as amended by the Third Amendment to Credit Agreement dated as
of April&nbsp;24, 2023, (d)&nbsp;as amended by the Fourth Amendment to Credit Agreement dated as of June&nbsp;26, 2023, (e)&nbsp;as amended
by the Fifth Amendment to Credit Agreement dated as of March&nbsp;14, 2024, (f)&nbsp;as amended by the Sixth Amendment to Credit Agreement
dated as of April&nbsp;19, 2024, (g)&nbsp;as amended by the Seventh Amendment to Credit Agreement dated as of April&nbsp;12, 2024, (h)&nbsp;as
amended by the Eighth Amendment to Credit Agreement dated as of March&nbsp;24, 2024, (i)&nbsp;as amended by the Ninth Amendment to Credit
Agreement dated as of August&nbsp;13, 2025, (j)&nbsp;as amended by the Tenth Amendment to Credit Agreement dated as of December&nbsp;2,
2025, and (k)&nbsp;as further amended, restated, supplemented or modified, the &ldquo;<U>Credit Agreement</U>&rdquo;; all capitalized
terms defined in the Credit Agreement and not otherwise defined herein have the meanings assigned to them in the Credit Agreement, as
amended hereby);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">WHEREAS, reference is also made to each
Loan Document, including, without 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; text-align: justify">(a)&nbsp;the Amended and Restated Fee Letter (as
amended by the June&nbsp;2023 Consent); (b)&nbsp;the April&nbsp;2023 Consent; (c)&nbsp;the December&nbsp;2022 Consent; (d)&nbsp;the June&nbsp;2023
Consent, (e)&nbsp;the November&nbsp;2023 Waiver, (f)&nbsp;November&nbsp;2024 Waiver, (f)&nbsp;December&nbsp;2024 Waiver and (g)&nbsp;June&nbsp;2025
Extension 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">WHEREAS, the Loan Parties
have requested the Agents and the Lenders to amend certain terms of the Credit Agreement and the other Loan Documents, in each case, upon
the terms and conditions of this Eleventh Amendment and the Agents and the Lenders are agreeable to such request only on the terms and
conditions set forth herein; 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: 0.5in">NOW, THEREFORE, in consideration
of the mutual conditions and agreements set forth in the Credit Agreement and this Eleventh Amendment, and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:</P>

<P STYLE="font: 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"><B>SECTION&nbsp;1.&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>AMENDMENTS</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">Subject to the satisfaction
of the conditions to effectiveness referred to in <U>Section&nbsp;2</U> hereof, effective as of the Eleventh Amendment Effective Date,
the Credit Agreement is hereby amended as follows:</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Credit Agreement (as amended through the Eighth Amendment) is hereby amended to delete the stricken text (indicated textually in the same
manner as the following example: <FONT STYLE="color: red"><STRIKE>stricken text</STRIKE></FONT>) and to add the bold and double-underlined
text (indicated textually in the same manner as the following example: <FONT STYLE="text-decoration: underline double; color: #1637AF"><B>bold
and double-underlined text</B></FONT>) as set forth on the pages&nbsp;of the Credit Agreement attached as <U>Exhibit&nbsp;A</U> hereto.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Exhibit&nbsp;E
(Form&nbsp;of Compliance Certificate) to the Credit Agreement are hereby amended and restated as set forth as <U>Exhibit&nbsp;B</U> hereto.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECTION&nbsp;2.&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>CONDITIONS TO EFFECTIVENESS</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">This Eleventh Amendment shall
become effective on the date (the &ldquo;<U>Eleventh Amendment Effective Date</U>&rdquo;) on which the following conditions are satisfied,
in each case, in form and substance reasonably satisfactory to the Administrative Agent:</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Administrative Agent shall have received one or more counterparts of this Eleventh Amendment executed by the Borrower, each Guarantor,
the Lenders and the Agents;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Administrative Agent shall have received customary opinions from counsel to each of the Loan Parties;</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Administrative Agent shall have received customary resolutions and officers&rsquo; certificates from each of the Loan Parties;</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Administrative Agent shall have received a certificate of an Authorized Officer of each Loan Party, certifying the names and true signatures
of the representatives of such Loan Party authorized to sign each Loan Document to which such Loan Party is or will be a party and the
other documents to be executed and delivered by such Loan Party in connection herewith and therewith, together with evidence of the incumbency
of such authorized officers;</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(e)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Administrative Agent shall have received a certificate of the chief financial officer of the Borrower, certifying on behalf of the Loan
Parties, as to the solvency of the Loan Parties (on a consolidated basis), which certificate shall be reasonably satisfactory in form
and substance to 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-indent: 0.5in">(f)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>no
Default or Event of Default shall exist after giving effect to this Eleventh Amendment;</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(g)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
representations and warranties of the Borrower and the Guarantors contained in this Eleventh Amendment shall be true and correct in
all material respects (in each case, without duplication of any materiality qualifier contained herein or therein, as applicable) on
and as of the date hereof, as though made on such date, except to the extent such representations and warranties expressly relate to
an earlier date, in which case such representations and warranties shall be true and correct in all material respects as of such
earlier date (in each case, without duplication of any materiality qualifier contained herein or therein, as applicable); 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="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(h)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>all
outstanding fees and expenses payable to the Agents, any Lender and/or any of their respective Affiliates and legal counsel for which
invoices have been provided to the Borrower shall have been paid.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECTION&nbsp;3.&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>LIMITATION ON SCOPE</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">All of the representations,
warranties, terms, covenants and conditions of the Loan Documents shall remain in full force and effect in accordance with their respective
terms. The amendments set forth herein shall be limited precisely as provided for herein and, except to the extent specifically provided
for herein, shall not be deemed to be waivers of, amendments of, consents to or modifications of any term or provision of the Loan Documents
or any other document or instrument referred to therein or of any transaction or further or future action on the part of the Borrower
or any other Loan Party requiring the consent of the Administrative Agent or any Lender. The Administrative Agent and the Lenders have
not and shall not be deemed to have waived any of their respective rights and remedies against the Borrower or any other Loan Party for
any existing or future Defaults or Events of Default.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECTION&nbsp;4.&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>REAFFIRMATION</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">Each of the Loan Parties as
debtor, grantor, pledgor, guarantor, assignor, or in any other similar capacity in which such Loan Party grants liens or security interests
in its property or otherwise acts as an accommodation party or a guarantor, as the case may be, hereby (i)&nbsp;ratifies and reaffirms
all of its payment and performance obligations, contingent or otherwise, under each of the Loan Documents to which it is a party (after
giving effect hereto) (including, without limitation, the payment and performance of all Obligations (including the payment of Prepayment
Premium)) and (ii)&nbsp;to the extent such Loan Party granted liens on or security interests in any of its property pursuant to any such
Loan Document as security for or otherwise guaranteed any of the Obligations, ratifies and reaffirms such guarantee and grant of security
interests and liens and confirms and agrees that such security interests and liens hereafter secure all of the Obligations as amended
hereby. Each of the Loan Parties hereby consents to this Eleventh Amendment and acknowledges that each of the Loan Documents remains in
full force and effect and is hereby ratified and reaffirmed. The execution of this Eleventh Amendment shall not serve to effect a novation
of the Obligations or operate as a waiver of any right, power or remedy of the Administrative Agent or any Lender or constitute a waiver
of any provision of any of 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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECTION&nbsp;5.&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>RELEASE OF CLAIMS</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 consideration of each
Agents and each Lender&rsquo;s agreements contained in this Eleventh Amendment, each Loan Party hereby irrevocably releases and
forever discharges the Administrative Agent, the Collateral Agent, each Lender and their respective affiliates, subsidiaries,
successors, assigns, directors, officers, employees, agents, consultants and attorneys (each, a &ldquo;<U>Released
Person</U>&rdquo;) of and from any and all claims, suits, actions, investigations, proceedings or demands, whether based in
contract, tort, implied or express warranty, strict liability, criminal or civil statute or common law of any kind or character,
known or unknown, which such Loan Party ever had or now has against such Released Person which relates, directly or indirectly, to
any acts or omissions of any Released Person relating to the Credit Agreement or any other Loan Document on or prior to 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: center"><B>SECTION&nbsp;6.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>MISCELLANEOUS</U></B></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: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left"><U>Representations and Warranties</U>. Each Loan Party hereby represents and warrants that:</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; text-indent: 1in; text-align: justify; margin-left: 0in; margin-top: 0pt; margin-bottom: 0pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;this Eleventh
Amendment has been duly authorized and executed by such Loan Party, and the Credit Agreement, as modified by this Eleventh
Amendment, is the legal, valid and binding obligation of the Borrower and each other Loan Party that is a party thereto, enforceable
in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, or similar laws
affecting the enforcement of creditors&rsquo; rights generally or by equitable principles relating to enforceability;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 1in; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify">(ii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
representations and warranties in the Credit Agreement and the other Loan Documents are true and correct in all material respects (in
each case, without duplication of any materiality qualifier contained herein or therein, as applicable) on and as of the date hereof,
as though made on such date, except to the extent such representations and warranties expressly relate to an earlier date, in which case
such representations and warranties shall be true and correct in all material respects as of such earlier date (in each case, without
duplication of any materiality qualifier contained herein or therein, as applicable); 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: left; text-indent: 1in">(iii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>no
Default or Event of Default has occurred and is continuing after giving effect to this Eleventh Amendment.</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, 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">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Post-Closing
Covenant</U>. The Loan Parties will deliver all documents, take all actions and perform and/or comply with all agreements, covenants or
requirements (including deadlines) set forth on <U>Exhibit&nbsp;C</U> hereto, in each case, on or before the deadlines with respect thereof
as set forth on <U>Exhibit&nbsp;C</U> hereto.</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, 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)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>References</U>.
All references in the Loan Documents to the &ldquo;Credit Agreement&rdquo; and in the Credit Agreement as modified hereby to &ldquo;this
Agreement,&rdquo; &ldquo;hereof,&rdquo; &ldquo;herein&rdquo; or the like shall mean and refer to the Credit Agreement as modified by this
Eleventh Amendment (as well as by all subsequent amendments, restatements, supplements and other modifications thereof).</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, 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)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Each
of the following provisions of the Credit Agreement is hereby incorporated herein by this reference with the same effect as though set
forth in its entirety herein, <I>mutatis mutandis</I>, and as if &ldquo;this Agreement&rdquo; in any such provision read &ldquo;this
Eleventh Amendment&rdquo;: <U>Section&nbsp;12.01</U> (Notices), <U>Section&nbsp;12.06</U> (Severability), <U>Section&nbsp;12.07</U> (Governing
Law), <U>Section</U><U>12.10</U> (Jurisdiction, Service of Process
and Venue), <U>Section&nbsp;12.11</U> (Waiver of Jury Trial), <U>Section 12.13</U> (No Party Deemed Drafter), <U>Section&nbsp;12.15</U>
(Indemnification), <U>Section&nbsp;12.16</U> (Governing Law Attorney), <U>Section&nbsp;12.22</U> (Integration), and <U>Section&nbsp;12.25</U>
(Electronic Signatures). This Eleventh Amendment is a Loan Document and is subject to and has the benefit of all provisions in the Credit
Agreement applicable to 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">[<I>remainder
of page&nbsp;intentionally left blank</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"></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;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><B>WITNESS</B> the due execution hereof by the respective
duly authorized officers of the undersigned as of the date first written above.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><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; text-align: left"><U>BORROWER:</U></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><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; text-align: left"><B>BOXLIGHT CORPORATION</B></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><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="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt; width: 49%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; width: 2%"><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: 5%"><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: 44%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    Dale Strang</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dale Strang</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CEO</FONT></TD></TR>
</TABLE>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><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; text-align: left"><U>GUARANTORS: </U></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><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; text-align: left"><B>Boxlight, Inc.,</B></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">a Washington corporation</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><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="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt; width: 49%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; width: 2%"><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: 5%"><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: 44%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    Dale Strang</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dale Strang</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CEO</FONT></TD></TR>
</TABLE>
<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><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; text-align: left"><B>EOSEDU LLC,</B></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">an Arizona limited liability company</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><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="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt; width: 49%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; width: 2%"><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: 5%"><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: 44%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    Dale Strang</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dale Strang</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CEO</FONT></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">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><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; text-align: left"><B>Sahara Presentation Systems, Inc.,</B></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">a Delaware corporation</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><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="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt; width: 49%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; width: 2%"><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: 5%"><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: 44%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    Dale Strang</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dale Strang</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CEO</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">[Eleventh Agreement to the
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; background-color: transparent">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><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; text-align: left"><B>FrontRow Calypso, LLC,</B></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">a Delaware limited liability company</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><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="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt; width: 49%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; width: 2%"><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: 5%"><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: 44%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    Dale Strang</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dale Strang</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CEO</FONT></TD></TR>
</TABLE>
<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; background-color: transparent">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><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; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>EXECUTED
    as a DEED Boxlight Group Limited,</B></FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><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; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a
    Northern Ireland company, acting by two directors</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><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-size: 10pt; vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">/s/
    Dale Strang</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><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; text-align: left"><FONT STYLE="font-size: 10pt"><B>Signature of
    director (Dale Strang)</B></FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><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; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">/s/
    Henry Nance</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><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; text-align: left"><FONT STYLE="font-size: 10pt"><B>Signature of
    director (Henry Nance)</B></FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt"><B>EXECUTED as a
    DEED by Sahara Holdings Limited, acting by two directors:</B></FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">/s/
    Dale Strang</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt"><B>Signature of
    director (Dale Strang)</B></FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">/s/
    Shaun Marklew</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt"><B>Signature of
    director (Shaun Marklew)</B></FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt"><B>EXECUTED as a
    DEED by Sahara Presentation Systems Ltd, acting by two directors:</B></FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">/s/
    Dale Strang</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt"><B>Signature of
    director (Dale Strang)</B></FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">/s/
    Shaun Marklew</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt"><B>Signature of
    director (Shaun Marklew)</B></FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; width: 49%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 44%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.35in 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Eleventh Agreement to the Credit Agreement]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.35in 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.35in 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 0.35in 0pt 0">&nbsp;</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><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; text-align: left">Clevertouch B.V.,</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><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; text-align: left">a Netherlands limited liability company (<I>besloten
    vennootschap met beperkte aansprakelijkheid</I>)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><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="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt; width: 49%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; width: 2%"><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: 46%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    Shaun Marklew</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><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; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:
    Shaun Marklew&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><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; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:
    Director</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><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="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><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; text-align: left">Sahara Presentation Systems Europe BV,</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><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; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a Belgium company</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><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="vertical-align: bottom; background-color: transparent">
    <TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt"><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/
    Shaun Marklew</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><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; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:
    Shaun Marklew&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><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; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:
    Director</FONT></TD></TR>
</TABLE>

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

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">[Eleventh Agreement to the Credit Agreement]</P>

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

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

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHITEHAWK
    CAPITAL PARTNERS LP</B>,&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><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; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">as
    the Administrative Agent</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><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="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt; width: 49%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; width: 2%"><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: 46%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    Robert A. Louzan&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><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; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:
    Robert A. Louzan&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><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; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:
    Authorized Signatory</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><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="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHITEHAWK
    CAPITAL PARTNERS LP,&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><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; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">as
    the Collateral Agent</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><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="vertical-align: bottom; background-color: transparent">
    <TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt"><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/
    Robert A. Louzan&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><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; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:
    Robert A. Louzan&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><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; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:
    Authorized Signatory</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><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="vertical-align: bottom; background-color: transparent">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHITEHAWK
    FINANCE LLC</B>, </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><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 a Lender</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt"><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/
    Robert A. Louzan&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><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; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:
    Robert A. Louzan&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><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; text-align: left"><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="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Eleventh Amendment to 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="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">Exhibit&nbsp;A</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; margin-top: 0pt; margin-bottom: 0pt">Exhibit&nbsp;A<BR>
 To <FONT STYLE="color: red"><STRIKE>Eighth</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">Eleventh</FONT>
Amendment to 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: center"><B>CREDIT AGREEMENT</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; text-align: center; margin-top: 0pt; margin-bottom: 0pt">dated as of December&nbsp;31, 2021,</P>

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

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">(i)&nbsp;First
Amendment to Credit Agreement, dated April&nbsp;4, 2022; (ii)&nbsp;Second Amendment to Credit Agreement, dated June&nbsp;21, 2022;
(iii)&nbsp;Third Amendment to Credit Agreement dated April&nbsp;24, 2023; (iv)&nbsp;Fourth Amendment to Credit Agreement, dated
June&nbsp;26, 2023; (v)&nbsp;Fifth Amendment to Credit Agreement, dated March&nbsp;14, 2024; (vi)&nbsp;Sixth Amendment to Credit
Agreement, dated April&nbsp;19, 2024; (vii)&nbsp;Seventh Amendment to Credit Agreement, dated August&nbsp;12, 2024; <FONT STYLE="color: red"><STRIKE>and </STRIKE></FONT>(viii)&nbsp;Eighth
Amendment to Credit Agreement, dated March&nbsp;24, 2025<FONT STYLE="text-decoration: underline double; color: blue">;
(ix)&nbsp;Ninth Amendment to Credit Agreement, date August&nbsp;13, 2025; (x)&nbsp;Tenth
Amendment to Credit Agreement, date December&nbsp;2, 2025; and (xi)&nbsp;Eleventh Amendment to Credit Agreement, dated
December&nbsp;18, 2025</FONT></P>

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EACH SUBSIDIARY OF THE BORROWER LISTED AS A
GUARANTOR ON THE SIGNATURE PAGES HERETO,</B>&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AND THE OTHER LENDERS FROM TIME-TO-TIME PARTY
HERETO,</B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">as Lenders, 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: center"><B>WHITEHAWK CAPITAL PARTNERS LP,</B>&nbsp;</P>

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

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

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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left">ARTICLE I DEFINITIONS; CERTAIN TERMS</TD>
    <TD STYLE="text-align: right">1</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify; width: 20%">Section 1.01</TD>
    <TD STYLE="text-align: justify; width: 75%">Definitions</TD>
    <TD STYLE="text-align: right; width: 5%">1</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 1.02</TD>
    <TD STYLE="text-align: justify">Terms Generally</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>66</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">69</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 1.03</TD>
    <TD STYLE="text-align: justify">Certain Matters of Construction</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>67</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">69</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 1.04</TD>
    <TD STYLE="text-align: justify">Accounting and Other Terms</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>68</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">70</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 1.05</TD>
    <TD STYLE="text-align: justify">Time References</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>69</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">71</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 1.06</TD>
    <TD STYLE="text-align: justify">Rates</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>69</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">71</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left">ARTICLE II THE TERM LOANS</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>69</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">72</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 2.01</TD>
    <TD STYLE="text-align: justify">Commitments</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>69</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">72</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 2.02</TD>
    <TD STYLE="text-align: justify">Making the Term Loans</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>71</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">74</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 2.03</TD>
    <TD STYLE="text-align: justify">Repayment of Loans; Evidence of Debt</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>73</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">75</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 2.04</TD>
    <TD STYLE="text-align: justify">Interest</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>74</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">76</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 2.05</TD>
    <TD STYLE="text-align: justify">Reduction of Commitment; Prepayment of Loans and Mandatory Amortization Amounts</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>74</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">77</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 2.06</TD>
    <TD STYLE="text-align: justify">Fees; <FONT STYLE="text-decoration: underline double; color: blue">Repayment Fee, </FONT>Prepayment Premium; April/June 2024 Bridge Loan Fee; March 2025 Bridge Loan Fee and Exit Fee</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>78</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">82</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 2.07</TD>
    <TD STYLE="text-align: justify">Taxes</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>79</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">82</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 2.08</TD>
    <TD STYLE="text-align: justify">Tax Treatment</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>82</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">86</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 2.09</TD>
    <TD STYLE="text-align: justify">Increased Costs and Reduced Return</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>83</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">86</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 2.10</TD>
    <TD STYLE="text-align: justify">Changes in Law; Impracticability or Illegality</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>84</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">87</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 2.11</TD>
    <TD STYLE="text-align: justify">SOFR Option</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>85</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">89</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 2.12</TD>
    <TD STYLE="text-align: justify">Funding Losses</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>87</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">91</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left">ARTICLE III BORROWING BASE AND ELIGIBILITY ADVANCES</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>88</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">91</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 3.01</TD>
    <TD STYLE="text-align: justify">Effective Date Borrowing Base Certificate</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>88</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">91</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 3.02</TD>
    <TD STYLE="text-align: justify">Borrowing Base Certificates</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>88</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">92</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 3.03</TD>
    <TD STYLE="text-align: justify">Over Advances</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>89</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">92</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 3.04</TD>
    <TD STYLE="text-align: justify">Reserves</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>89</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">93</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 3.05</TD>
    <TD STYLE="text-align: justify">Field Examination and Appraisals</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>89</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">93</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left">ARTICLE IV PAYMENTS AND OTHER COMPENSATION</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>91</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">94</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 4.01</TD>
    <TD STYLE="text-align: justify">Payments; Computations and Statements</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>91</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">94</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 4.02</TD>
    <TD STYLE="text-align: justify">Sharing of Payments, Defaulting Lenders, Etc.</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>91</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">95</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 4.03</TD>
    <TD STYLE="text-align: justify">Apportionment of Payments</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>93</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">96</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left">ARTICLE V CONDITIONS TO LOANS</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>94</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">97</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 5.01</TD>
    <TD STYLE="text-align: justify">Conditions Precedent to Effectiveness</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>94</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">97</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 5.02</TD>
    <TD STYLE="text-align: justify">UK Conditions Precedent to Effectiveness</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>97</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">101</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 5.03</TD>
    <TD STYLE="text-align: justify">Conditions Precedent to All Term Loans</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>99</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">103</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left">ARTICLE VI REPRESENTATIONS AND WARRANTIES</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>101</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">105</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 6.01</TD>
    <TD STYLE="text-align: justify">Representations and Warranties</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>101</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">105</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 COLSPAN="2" STYLE="text-align: left">ARTICLE VII COVENANTS OF THE LOAN PARTIES</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>111</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">115</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify; width: 20%">Section 7.01</TD>
    <TD STYLE="text-align: justify; width: 75%">Affirmative Covenants</TD>
    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="color: red"><STRIKE>111</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">115</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 7.02</TD>
    <TD STYLE="text-align: justify">Negative Covenants</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>127</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">132</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 7.03</TD>
    <TD STYLE="text-align: justify">Financial Covenants</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>136</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">142</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left">ARTICLE VIII CASH MANAGEMENT AND OTHER COLLATERAL MATTERS</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>137</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">144</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 8.01</TD>
    <TD STYLE="text-align: justify">Cash Management Arrangements</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>137</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">144</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left">ARTICLE IX EVENTS OF DEFAULT</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>138</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">144</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 9.01</TD>
    <TD STYLE="text-align: justify">Events of Default</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>138</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">144</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left">ARTICLE X AGENTS</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>143</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">150</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 10.01</TD>
    <TD STYLE="text-align: justify">Appointment</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>143</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">150</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 10.02</TD>
    <TD STYLE="text-align: justify">Nature of Duties; Delegation</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>144</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">151</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 10.03</TD>
    <TD STYLE="text-align: justify">Rights, Exculpation, Etc.</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>145</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">153</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 10.04</TD>
    <TD STYLE="text-align: justify">Reliance</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>147</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">154</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 10.05</TD>
    <TD STYLE="text-align: justify">Indemnification</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>148</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">155</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 10.06</TD>
    <TD STYLE="text-align: justify">Agents Individually</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>148</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">155</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 10.07</TD>
    <TD STYLE="text-align: justify">Successor Agent</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>149</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">156</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 10.08</TD>
    <TD STYLE="text-align: justify">Collateral Matters</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>149</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">156</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 10.09</TD>
    <TD STYLE="text-align: justify">Agency for Perfection</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>151</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">158</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 10.10</TD>
    <TD STYLE="text-align: justify">No Reliance on any Agent&rsquo;s Customer Identification Program</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>151</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">158</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 10.11</TD>
    <TD STYLE="text-align: justify">No Third Party Beneficiaries</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>152</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">158</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 10.12</TD>
    <TD STYLE="text-align: justify">No Fiduciary Relationship</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>152</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">159</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 10.13</TD>
    <TD STYLE="text-align: justify">Collateral Custodian</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>152</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">159</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 10.14</TD>
    <TD STYLE="text-align: justify">Collateral Agent May File Proofs of Claim</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>153</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">160</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 10.15</TD>
    <TD STYLE="text-align: justify">Withholding Taxes</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>153</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">160</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 10.16</TD>
    <TD STYLE="text-align: justify">Parallel Debt</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>154</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">161</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left">ARTICLE XI GUARANTY</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>155</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">162</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 11.01</TD>
    <TD STYLE="text-align: justify">Guaranty</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>155</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">162</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 11.02</TD>
    <TD STYLE="text-align: justify">Guaranty Absolute</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>155</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">162</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 11.03</TD>
    <TD STYLE="text-align: justify">Waiver</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>156</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">163</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 11.04</TD>
    <TD STYLE="text-align: justify">Continuing Guaranty; Assignments</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>157</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">164</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 11.05</TD>
    <TD STYLE="text-align: justify">Subrogation</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>157</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">164</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 11.06</TD>
    <TD STYLE="text-align: justify">Contribution</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>157</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">164</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left">ARTICLE XII MISCELLANEOUS</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>158</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">165</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 12.01</TD>
    <TD STYLE="text-align: justify">Notices, Etc.</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>158</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">165</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 12.02</TD>
    <TD STYLE="text-align: justify">Amendments, Etc.</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>160</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">168</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 12.03</TD>
    <TD STYLE="text-align: justify">No Waiver; Remedies, Etc.</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>162</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">169</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 12.04</TD>
    <TD STYLE="text-align: justify">Expenses; Attorneys&rsquo; Fees</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>162</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">170</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 12.05</TD>
    <TD STYLE="text-align: justify">Right of Set-off</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>164</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">171</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 12.06</TD>
    <TD STYLE="text-align: justify">Severability</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>164</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">171</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 12.07</TD>
    <TD STYLE="text-align: justify">Assignments and Participations</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>164</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">171</FONT></TD></TR>
</TABLE>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify; width: 20%">Section 12.08</TD>
    <TD STYLE="text-align: justify; width: 75%">Counterparts and Execution</TD>
    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="color: red"><STRIKE>168</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">175</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 12.09</TD>
    <TD STYLE="text-align: justify">GOVERNING LAW</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>168</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">175</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 12.10</TD>
    <TD STYLE="text-align: justify">CONSENT TO JURISDICTION; SERVICE OF PROCESS AND VENUE</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>169</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">176</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 12.11</TD>
    <TD STYLE="text-align: justify">WAIVER OF JURY TRIAL, ETC.</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>170</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">177</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 12.12</TD>
    <TD STYLE="text-align: justify">Consent by the Agents and Lenders</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>170</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">177</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 12.13</TD>
    <TD STYLE="text-align: justify">No Party Deemed Drafter</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>170</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">177</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 12.14</TD>
    <TD STYLE="text-align: justify">Reinstatement; Certain Payments</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>170</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">177</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 12.15</TD>
    <TD STYLE="text-align: justify">Indemnification</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>170</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">178</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 12.16</TD>
    <TD STYLE="text-align: justify">Governing Law Attorney</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>172</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">179</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 12.17</TD>
    <TD STYLE="text-align: justify">Records</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>172</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">179</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 12.18</TD>
    <TD STYLE="text-align: justify">Binding Effect</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>173</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">180</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 12.19</TD>
    <TD STYLE="text-align: justify">Interest</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>173</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">180</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 12.20</TD>
    <TD STYLE="text-align: justify">Confidentiality</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>174</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">181</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 12.21</TD>
    <TD STYLE="text-align: justify">Public Disclosure</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>175</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">182</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 12.22</TD>
    <TD STYLE="text-align: justify">Integration</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>175</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">182</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 12.23</TD>
    <TD STYLE="text-align: justify">USA PATRIOT Act</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>175</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">182</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 12.24</TD>
    <TD STYLE="text-align: justify">Released Loan Party</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>175</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">182</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 12.25</TD>
    <TD STYLE="text-align: justify">Electronic Signatures</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>176</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">183</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify">Section 12.26</TD>
    <TD STYLE="text-align: justify">Judgment Currency</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: red"><STRIKE>176</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">183</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 1.01(A)</FONT></TD>
    <TD STYLE="width: 85%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Lenders&rsquo; Commitments (Effective Date)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 1.01(B)</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Lenders&rsquo; Commitments (April/June 2024 Bridge Loans) </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 1.01(C)</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Lenders&rsquo; Commitments (March 2025 Bridge Loan) </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 6.01(e)</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Capitalization; Subsidiaries</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 6.01(f)</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Litigation; Commercial Tort Claims </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 6.01(i)</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ERISA</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 6.01(l)</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Nature of Business </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 6.01(o)</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Real Property and Facilities </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 6.01(r)</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Environmental Matters </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 6.01(s)</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Insurance</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 6.01(v)</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Bank Accounts </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 6.01(w)</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Intellectual Property </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 6.01(x)</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Material Contracts</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 6.01(bb)</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name; Jurisdiction of Organization; Organizational ID Number; Chief Place of Business; Chief Executive Office; FEIN</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 6.01(cc)</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Collateral Locations </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 7.01(s)</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Post-Closing Obligations </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 7.02(a)</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Existing Liens</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 7.02(b)</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Existing Indebtedness </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 7.02(c)</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Capitalized Lease Obligations </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 7.02(e)</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Existing Investments </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 7.02(h)</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Transactions with Affiliates</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 7.02(i)</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Limitations on Dividends and Other Payment Restrictions</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit A</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form of Joinder Agreement</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit B</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form of Notice of Borrowing</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit C</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form of Borrowing Base Certificate</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit D</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form of Assignment and Acceptance</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit E</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form of Compliance Certificate</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit F</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form of U.S. Tax Compliance Certificate</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit G</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form of SOFR Notice</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>Exhibit H</STRIKE></FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: red"><STRIKE>Form of Subordination Agreement</STRIKE></FONT></TD></TR>
  </TABLE>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">Credit Agreement,
dated as of December&nbsp;31, 2021 (the &ldquo;<U>Agreement</U>&rdquo;), by and among Boxlight Corporation, a Nevada corporation (the
&ldquo;<U>Borrower</U>&rdquo;), each Subsidiary of the Borrower listed as a &ldquo;Guarantor&rdquo; on the signature pages&nbsp;hereto
(together with each other Person that executes a joinder agreement and becomes a &ldquo;Guarantor&rdquo; hereunder or otherwise guaranties
all or any part of the Obligations (as hereinafter defined), each a &ldquo;<U>Guarantor</U>&rdquo; and collectively, the &ldquo;<U>Guarantors</U>&rdquo;),
Whitehawk Finance LLC and/or its Affiliates or designees and the other lenders from time to time party hereto (each a &ldquo;<U>Lender</U>&rdquo;
and collectively, the &ldquo;<U>Lenders</U>&rdquo;), Whitehawk Capital Partners, LP (&ldquo;<U>Whitehawk Capital</U>&rdquo;), as collateral
agent for the Lenders (in such capacity, together with its designees, successors and assigns, the &ldquo;<U>Collateral Agent</U>&rdquo;)
and Whitehawk Capital, as administrative agent for the Lenders (in such capacity, together with its designees, successors and assigns,
the &ldquo;<U>Administrative Agent</U>&rdquo; and together with the Collateral Agent, each an &ldquo;<U>Agent</U>&rdquo; and collectively,
the &ldquo;<U>Agents</U>&rdquo;).</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">The Borrower has
asked (a)&nbsp;the Lenders to extend credit to the Borrower consisting of an Initial Term Loan in an aggregate principal amount of $58,500,000
and (b)&nbsp;the Delayed Draw Term Loan Lenders to extend Delayed Draw Term Loans at any time and from time to time prior to the Delayed
Draw Term Loan Expiration Date, in an aggregate principal amount not in excess of $10,000,000. The proceeds of the Initial Term Loan shall
be used to fund the acquisition of all of the issued and outstanding membership interests of Frontrow Calypso LLC, a Delaware limited
liability company (&ldquo;<U>FrontRow</U>&rdquo;), repay certain existing indebtedness of the Loan Parties (as hereinafter defined) and
to pay fees and expenses related to this Agreement and the Transactions. The proceeds of the Delayed Draw Term Loans shall be used for
finance increases in Accounts Receivable resulting from increased consolidated revenues, for working capital or other general corporate
purposes. The Lenders are severally, and not jointly, willing to extend such credit to the Borrower subject to the terms and conditions
hereinafter set forth.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">In consideration
of the premises and the covenants and agreements contained herein, the parties hereto agree as follows:</P>

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

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="color: #010000"><B>ARTICLE&nbsp;I</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="color: #010000"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="color: #010000"><B></B></FONT><B>DEFINITIONS; CERTAIN TERMS</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 1in; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt"><FONT STYLE="color: #010000">Section&nbsp;1.01<FONT STYLE="font-size: 10pt">&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></FONT><U>Definitions</U>.
As used in this Agreement, the following terms shall have the respective meanings indicated below, such meanings to be applicable
equally to both the singular and plural forms of such terms:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Acceptable
Document of Title</U>&rdquo; means, with respect to any Inventory, a tangible, negotiable bill of lading or other Document (as
defined in the Uniform Commercial Code) that (a)&nbsp;is issued by a common carrier which (i)&nbsp;is not an Affiliate of any seller
of such Inventory to a Loan Party or any Loan Party and (ii)&nbsp;is in actual possession of such Inventory, (b)&nbsp;is issued to
the order of a Loan Party or, if so requested by the Collateral Agent in its Permitted Discretion, to the order of the Collateral
Agent, (c)&nbsp;names the Collateral Agent as a notify party and bears a conspicuous notation on its face of the Collateral
Agent&rsquo;s security interest therein, (d)&nbsp;is not subject to any Lien (other than in favor of the Collateral Agent), and
(e)&nbsp;is on terms otherwise reasonably acceptable to the Collateral Agent.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Account
Control Agreement</U>&rdquo; means a deposit account control agreement or securities account control agreement, including any &ldquo;Bank
Consent Letter&rdquo; as such term is defined in the Dutch Security Documents, in each case in form and substance reasonably satisfactory
to the Collateral Agent and the Required Lenders, by and among the applicable Loan Party, the Collateral Agent and the applicable Cash
Management Bank.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Account
Debtor</U>&rdquo; means each debtor, customer or obligor in any way obligated on or in connection with any Account Receivable.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Accounts
Receivable</U>&rdquo; means, with respect to any Person, any and all accounts, any and all rights of such Person to payment for goods
sold and/or services rendered, including accounts, general intangibles and any and all such rights evidenced by chattel paper, instruments
or documents, whether due or to become due and whether or not earned by performance, and whether now or hereafter acquired or arising
in the future, and any proceeds arising therefrom or relating thereto.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Acquisition</U>&rdquo;
means the acquisition of all or substantially all of the Equity Interests of any Person (whether through purchase of such Equity Interests,
merger, consolidation or like combination) or all or substantially all of the assets of any Person or line of business or a division of
such Person.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Action</U>&rdquo; has the
meaning specified therefor in <U>Section&nbsp;12.12</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Administrative
Agent</U>&rdquo; has the meaning specified therefor in the preamble hereto.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Administrative Agent&rsquo;s
Account</U>&rdquo; means an account at a bank designated by the Administrative Agent from time to time as the account into which the
Loan Parties shall make all payments to the Administrative Agent for the benefit of the Agents and the Lenders under this Agreement
and the other Loan Documents.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 1in">&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-top: 0pt; margin-right: 0; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 1in">&ldquo;<U>Affiliate</U>&rdquo; means,
with respect to any Person, any other Person that directly or indirectly through one or more intermediaries, controls, is controlled by,
or is under common control with, such Person. For purposes of this definition, &ldquo;control&rdquo; of a Person means the power, directly
or indirectly, either to (a)&nbsp;vote 10% or more of the Equity Interests having ordinary voting power for the election of members of
the Board of Directors of such Person or (b)&nbsp;direct or cause the direction of the management and policies of such Person whether
by contract or otherwise. Notwithstanding anything herein to the contrary, in no event shall any Agent or any Lender be considered an
&ldquo;Affiliate&rdquo; of any Loan Party.</P>

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

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

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 1in">&ldquo;<U>After Acquired Property</U>&rdquo;
has the meaning specified therefor in <U>Section&nbsp;7.01(o)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 1in">&ldquo;<U>Agent</U>&rdquo; has the meaning specified therefor in the
preamble hereto.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Agent Indemnified
Matters</U>&rdquo; means, collectively, all Indemnified Matters and all Environmental Indemnified Matters.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 1in">&ldquo;<U>Agent
Parties</U>&rdquo; has the meaning specified therefor in <U>Section&nbsp;12.01(c)(ii)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 1in">&ldquo;<U>Agreement</U>&rdquo; means this
Credit Agreement, including all amendments, modifications and supplements and any exhibits or schedules to any of the foregoing, and
shall refer to this Agreement as the same may be in effect at the time such reference becomes operative.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Agreement
Currency</U>&rdquo; has the meaning specified therefor in <U>Section&nbsp;12.26</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Amended and Restated Fee
Letter</U>&rdquo; means that certain Amended and Restated Fee Letter, dated as of the First Amendment Effective Date and as amended
by the June&nbsp;2023 Consent, by and among the Borrower, the other Loan Parties and the Administrative Agent, 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-top: 0pt; margin-right: 0; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Ancillary Fees</U>&rdquo;
has the meaning specified therefor in <U>Section&nbsp;12.02(a)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Anti-Corruption
Laws</U>&rdquo; has the meaning specified therefor in <U>Section&nbsp;6.01(jj)(i)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Anti-Money Laundering and
Anti-Terrorism Laws</U>&rdquo; means any Requirement of Law relating to terrorism, economic sanctions, trade embargoes, money
laundering or import and export controls, including, without limitation, (a)&nbsp;the Money Laundering Control Act of 1986
(<I>i.e.</I>, 18 U.S.C. &sect;&sect; 1956 and 1957), (b)&nbsp;the Bank Secrecy Act of 1970 (31 U.S.C. &sect;&sect; 5311-5330 and 12
U.S.C. &sect;&sect; 1818(s), 1820(b)&nbsp;and 1951-1959), and the implementing regulations promulgated thereunder, (c)&nbsp;the USA
PATRIOT Act and the implementing regulations promulgated thereunder, (d)&nbsp;the laws, regulations and Executive Orders
administered by the United States Department of the Treasury&rsquo;s Office of Foreign Assets Control (&ldquo;<U>OFAC</U>&rdquo;),
(e)&nbsp;any law prohibiting or directed against terrorist activities or the financing or support of terrorist activities
(<I>e.g.</I>, 18 U.S.C. &sect;&sect; 2339A and 2339B), (f)&nbsp;of the United Nations Security Council, the European Union or Her
Majesty&rsquo;s Treasury of the United Kingdom, (g)&nbsp;the Foreign Assets Control Regulations (31 CFR Parts 500-598) and all
Executive Orders promulgated thereunder or the U.S. Department of State, (h)&nbsp;of the U.S. government, including those
administered by OFAC pursuant to various statutes, the Foreign Assets Control Regulations (31 CFR Parts 500-598) and all executive
orders promulgated thereunder or the U.S. Department of State, (i)&nbsp;anti-boycott measures and (g)&nbsp;any similar laws enacted
in the United States or any other jurisdictions in which the parties to this Agreement operate, as any of the foregoing laws have
been, or shall hereafter be, amended, renewed, extended, or replaced and all other present and future legal requirements of any
Governmental Authority governing, addressing, relating to, or attempting to eliminate, terrorist acts and acts of war and any
regulations promulgated pursuant thereto.</P>

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

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

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 1in">&ldquo;<U>Applicable Margin</U>&rdquo;
means, as of any date of determination, with respect to the interest rate of any Term Loan (or any portion thereof):</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 0.5in">(a)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>From
the Effective Date until June&nbsp;30, 2022 (the &ldquo;<U>Initial Applicable Margin Period</U>&rdquo;), the relevant Applicable Margin
shall be set at Level I in the table below.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 0.5in">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>After
the Initial Applicable Margin Period<FONT STYLE="text-decoration: underline double; color: blue"> and until the Tenth Amendment Effective
Date</FONT>, the relevant Applicable Margin shall be set at the respective level indicated below based upon the Senior Leverage Ratio
set forth opposite thereto, which ratio shall be calculated as of the end of the most recent four (4)&nbsp;consecutive fiscal quarter
period of the Borrower and its Subsidiaries for which quarterly financial statements and a certificate of an Authorized Officer of the
Borrower are received by the Agents and the Lenders in accordance with Sections 7.01(a)(i)&nbsp;and 7.01(a)(iv); <I>provided </I>that
the Applicable Margin that is set forth under Level III in the table below shall not be available until the date on which quarterly financial
statements and a certificate of an Authorized Officer of the Borrower are received by the Agents and the Lenders for the fiscal quarter
ending on June&nbsp;30, 2023:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 85%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Level</TD><TD STYLE="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Senior Leverage<BR>
 Ratio</TD><TD STYLE="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">SOFR Loans</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Reference Rate Loans</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 35%; font: 10pt Times New Roman, Times, Serif; text-align: center">I</TD><TD STYLE="width: 2%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 30%; font: 10pt Times New Roman, Times, Serif; text-align: center">Greater than or equal to 2.25 to 1:00</TD><TD STYLE="width: 2%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 13%; font: 10pt Times New Roman, Times, Serif; text-align: right">10.75</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD><TD STYLE="width: 2%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; font: 10pt Times New Roman, Times, Serif; text-align: right">9.75</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: center">II</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">Less than 2.25 to 1:00 but greater than or equal to 1.75 to 1.00</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">10.25</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">9.25</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">III</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">Less than 1.75 to 1:00</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">9.75</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">8.75</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</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 0in; text-indent: 0.5in; color: blue"><FONT STYLE="text-decoration: underline double">(c)</FONT><FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="text-decoration: underline double">From
and after the Tenth Amendment Effective Date, the Applicable Margin shall be 6.50% for SOFR Loans and 5.50% for Reference Rate Loans.</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 0in; text-align: justify; text-indent: 0.5in">(<FONT STYLE="color: red"><STRIKE>c</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">d</FONT>)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Subject to clause (<FONT STYLE="color: red"><STRIKE>d</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">e</FONT>)
below, the adjustment of the Applicable Margin (if any) will occur two Business Days after the date the Administrative Agent receives
the quarterly financial statements and a certificate of an Authorized Officer of the Borrower in accordance with Sections 7.01(a)(i)&nbsp;and
7.01(a)(iv).</P>

<P STYLE="font: 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 0in; text-align: justify; text-indent: 0.5in">(<FONT STYLE="color: red"><STRIKE>d</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">e</FONT>)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Notwithstanding the foregoing<FONT STYLE="text-decoration: underline double; color: blue">, after the Initial Applicable Margin Period
and until the Tenth Amendment Effective Date</FONT>:</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(i)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Applicable Margin shall be set at Level I in the table above (A)&nbsp;upon the occurrence and during the continuation of an Event of
Default, or (B)&nbsp;if for any period, the Administrative Agent does not receive the financial statements and certificates
described in clause (c)&nbsp;above, for the period commencing on the date such financial statements and certificate were required to
be delivered through the date on which such financial statements and certificate are actually received by the Administrative Agent
and the Lenders;</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;in
the event that any financial statement or certificate described in clause (c)&nbsp;above is inaccurate (regardless of whether this
Agreement or any commitments are in effect when such inaccuracy is discovered), and such inaccuracy, if corrected, would have led to
the application of a higher Applicable Margin for any fiscal period, then the Applicable Margin for such fiscal period shall be
adjusted retroactively (to the effective date of the determination of the Applicable Margin that was based upon the delivery of such
inaccurate financial statement or certificate) to reflect the correct Applicable Margin, and the Borrower shall promptly make
payments to the Agents and the Lenders to reflect such adjustment; and</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(iii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>during
the period from June&nbsp;1, 2022 through and including such time as the Loan Parties are in compliance with the Borrowing Base requirements,
the Applicable Margin shall be 13.25% for SOFR Loans and 12.25% for Reference 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Appraisal</U>&rdquo; has
the meaning assigned to it in <U>Section&nbsp;3.01</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Appraiser</U>&rdquo; has the meaning assigned to it in <U>Section&nbsp;3.01</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Appraised
Value</U>&rdquo; means with respect to Eligible Intellectual Property, the net orderly liquidation value (net of all costs, fees and expenses
of such liquidation sale) of Eligible Intellectual Property as set forth in the most recent appraisal of Eligible Intellectual Property
as determined from time to time by an independent appraiser engaged by the Agents. For the avoidance of doubt orderly liquidation value
means value derived by a company from an immediate sale at an auction as if the Loan Party possessing such Eligible Intellectual Property
ceased 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>April&nbsp;2023
Consent</U>&rdquo; means the Consent to Waiver of Borrowing Base Default dated as of April&nbsp;17, 2023.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>April&nbsp;2024
Bridge Loan</U>&rdquo; means, the loan made by the April&nbsp;2024 Bridge Loan Lenders to the Borrower pursuant to <U>Section&nbsp;2.01(a)</U>,
which amount shall also include (and be increased by) the capitalized April&nbsp;2024 Bridge Loan Fee under <U>Section&nbsp;2.06(c)(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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>April&nbsp;2024
Bridge Loan Commitment</U>&rdquo; means, with respect to each April&nbsp;2024 Bridge Loan Lender, the commitment of such Lender to make
the April&nbsp;2024 Bridge Loan on the Sixth Amendment Effective Date to the Borrower in the amount set forth under the heading &ldquo;April&nbsp;2024
Bridge Loan&rdquo; in <U>Schedule 1.01(B)</U>&nbsp;hereto, as the same may be terminated or reduced 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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>April&nbsp;2024
Bridge Loan Fee</U>&rdquo; has the meaning assigned to it in <U>Section 2.06(c)(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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>April&nbsp;2024 Bridge Loan Funding Conditions</U>&rdquo;
has the meaning specified therefor in <U>Section&nbsp;5.03(g)</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>April&nbsp;2024
Bridge Loan Lender</U>&rdquo; shall mean a Lender with a April&nbsp;2024 Bridge Loan Commitment or an outstanding April&nbsp;2024 Bridge
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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>April/June&nbsp;2024
Bridge Loan</U>&rdquo; and &ldquo;<U>April/June&nbsp;2024 Bridge Loans</U>&rdquo; means, individually and collectively, the April&nbsp;2024
Bridge Loan and/or the June&nbsp;2024 Bridge Loan (and, in each case, together with the applicable April/June&nbsp;2024 Bridge Loan Fee).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>April/June&nbsp;2024
Bridge Loan Fee</U>&rdquo; has the meaning assigned to it in <U>Section 2.06(c)(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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>April/June&nbsp;2024
Bridge Loan Maturity Date</U>&rdquo; means, the earliest of (i)&nbsp;November 29, 2024, (ii)&nbsp;the date on which all Loans shall
become due and payable in accordance with the terms of this Agreement, and (iii)&nbsp;the payment in full of all Obligations (other
than contingent indemnification obligations as to which no claim has been made) and the termination of all 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Approved
Budget</U>&rdquo; has the meaning specified therefor in <U>Section&nbsp;7.01(a)(xviii)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Assignment and
Acceptance</U>&rdquo; means an assignment and acceptance entered into by an assigning Lender and an assignee, and accepted by the
Administrative Agent, in accordance with <U>Section&nbsp;12.07</U> hereof and substantially in the form of <U>Exhibit&nbsp;D</U>
hereto or such other form (including electronic documentation generated by MarkitClear or other electronic platform) reasonably
acceptable to the Administrative Agent.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Authorized
Officer</U>&rdquo; means, with respect to any Person, the chief executive officer, chief financial officer, treasurer or other financial
officer performing similar functions, secretary, president, executive vice president, or vice president of such Person, with respect to
any UK Obligor, any director or officer or equivalent duly authorized to sign any Loan Documents or other notices or ancillary documents,
with respect to any Dutch Loan Party, any board member authorized to represent such Dutch Loan Party, and with respect to any Belgian
Loan Party, any director or officer or equivalent duly authorized to sign any Loan Documents, or any other officer of such Person designated
as an &ldquo;Authorized Officer&rdquo; by any of the foregoing officers in a writing delivered to the Agents.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Availability
Reserves</U>&rdquo; means, without duplication of any other reserves or items that are otherwise addressed or excluded through
eligibility criteria, such reserves as the Administrative Agent from time to time determines in its Permitted Discretion as being
appropriate (a) to reflect the impediments to the Administrative Agent&rsquo;s ability to realize upon the Collateral, (b) to
reflect claims and liabilities that the Administrative Agent determines will need to be satisfied in connection with the realization
upon the Collateral, or (c)&nbsp;to reflect criteria, events, conditions, contingencies or risks which adversely affect any
component of the Borrowing Base, the Collateral or the validity or enforceability of this Agreement or the other Loan Documents or
any material remedies of the Agents and the Lenders hereunder or thereunder. Without limiting the generality of the foregoing,
Availability Reserves may include (but are not limited to) reserves based on: (i)&nbsp;rent <I>provided </I>that such Availability
Reserves shall be limited to an amount not to exceed the sum of (x)&nbsp;past due rent for all of the Loan Parties&rsquo; leased
locations plus (y)&nbsp;three (3)&nbsp;months rent for all of the Loan Parties&rsquo; leased locations; (ii)&nbsp;customs duties,
and other costs to release Inventory which is being imported into the United States, United Kingdom, Belgium, Canada and/or
Netherlands; (iii)&nbsp;outstanding Taxes and other governmental charges, including, <I>ad valorem</I>, real estate, personal
property, sales, and other Taxes which have priority over the interests of the Collateral Agent in the Collateral;
(iv)&nbsp;salaries, wages and benefits owed to employees of the Borrower that are not paid when due; (v)&nbsp;Customer Credit
Liabilities and customer deposits; (vi)&nbsp;warehousemen&rsquo;s or bailee&rsquo;s charges and other Liens which might have
priority over the interests of the Collateral Agent in the Collateral; (vii)&nbsp;reserves in respect of Cash Management
Obligations; (viii)&nbsp;reserves in respect of Obligations in respect of Swap Obligations; (ix)&nbsp;reserves for payables due or
to become due to consignors of inventory to the Loan Parties; (x)&nbsp;reserves for royalties payable in respect of licensed
merchandise; (xi)&nbsp;Dilution Reserves; and (xii)&nbsp;additional reserves established from time to time by the Administrative
Agent in the exercise of its Permitted Discretion.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&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&nbsp;2.11</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Bankruptcy
Code</U>&rdquo; means Title 11 of the United States Code, as amended from time to time and any successor statute or any similar federal
or state law for the relief of debtors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">&ldquo;<U>Base Prospectus</U>&rdquo; has the meaning specified
therefor in <U>Section&nbsp;6.01(ll)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Base Rate
Term SOFR Determination Day</U>&rdquo; as defined in the definition of &ldquo;Term SOFR&rdquo;.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Belgian
Bank Accounts Pledge Agreement</U>&rdquo; means the Belgian law governed security agreement granting security over the bank accounts of
Sahara Presentation Systems Europe BV, dated as of the Effective Date, made by Sahara Presentation Systems Europe BV as pledgor in favor
of the Collateral Agent, in form and substance reasonably acceptable to the Collateral Agent.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Belgian
Financial Collateral Law</U>&rdquo; means the Belgian law of 15 December&nbsp;2004 on financial collateral, as amended from time to time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Belgian
MAS Law</U>&rdquo; means Title XVII of Book III of the Belgian Civil Code, as amended by the law of 11 July&nbsp;2013 amending the Belgian
Civil Code in respect of security on movable assets and abolishing various relevant provisions, as amended from time to time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Belgian Loan Party</U>&rdquo;
means any Loan Party incorporated under the laws of Belgium.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Belgian
Movable Assets Pledge Agreement</U>&rdquo; means the Belgian law governed security agreement granting security over the movable
assets of Sahara Presentation Systems Europe BV, dated as of the Effective Date, made by Sahara Presentation Systems Europe BV as
pledgor in favor of the Collateral Agent, in form and substance reasonably acceptable to 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Belgian
Receivables Pledge Agreement</U>&rdquo; means the Belgian law governed security agreement granting security over the receivables of Sahara
Presentation Systems Europe BV, dated as of the Effective Date, made by Sahara Presentation Systems Europe BV as pledgor in favor of the
Collateral Agent, in form and substance reasonably acceptable to the Collateral Agent.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Belgian
Security Documents</U>&rdquo; means the Belgian Bank Accounts Pledge Agreement, the Belgian Movable Assets Pledge Agreement, the Belgian
Receivables Pledge Agreement and the Belgian Share Pledge Agreement and any other Security Document governed by Belgian law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Belgian
Share Pledge Agreement</U>&rdquo; means the Belgian law governed security agreement granting security over the shares of Sahara Presentation
Systems Europe BV, dated as of the Effective Date, made by Clevertouch B.V. as pledgor in favor of the Collateral Agent, in form and substance
reasonably acceptable to the Required Lenders.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Benchmark</U>&rdquo;
means, initially, the Term SOFR Reference Rate; <I>provided </I>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 Section&nbsp;2.11.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Benchmark
Replacement</U>&rdquo; means with respect to any Benchmark Transition Event, the first alternative set forth in the order below that can
be determined by the Administrative Agent for the applicable Benchmark Replacement 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 0in; text-indent: 1in"> (a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the sum of: (i)&nbsp;Daily Simple SOFR, and (ii)&nbsp;0.11448%; or</P>



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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-indent: 1in">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
sum of: (i)&nbsp;the alternate benchmark rate that has been selected by the Administrative Agent and the Borrower giving due consideration
to (A)&nbsp;any selection or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant
Governmental Body or (B)&nbsp;any evolving or then-prevailing market convention for determining a benchmark rate as a replacement to the
then-current Benchmark for Dollar-denominated syndicated credit facilities and (ii)&nbsp;the related Benchmark Replacement Adjustment.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-indent: 1in">If the Benchmark
Replacement as determined pursuant to clause (a)&nbsp;or (b)&nbsp;above would be less than the Floor, the Benchmark Replacement will be
deemed to be the Floor for all the purposes of the Credit Documents.</P>

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

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

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-indent: 1in">&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) that has been selected by the Administrative Agent and the Borrower giving due consideration to (a)&nbsp;any selection or
recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such
Benchmark with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body or (b)&nbsp;any evolving or
then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread
adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for Dollar-denominated
syndicated credit facilities 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; text-align: justify; margin: 0pt 0 0pt 0in; text-indent: 1in">&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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-indent: 1in">(a)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>in
the case of clause (a)&nbsp;or (b)&nbsp;of the definition of &ldquo;Benchmark Transition Event,&rdquo; the later of (i)&nbsp;the date
of the public statement or publication of information referenced therein and (ii)&nbsp;the date on which the administrator of such Benchmark
(or the published component used in the calculation thereof) permanently or indefinitely ceases to provide 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; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-indent: 1in">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>in
the case of clause (c)&nbsp;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; <I>provided </I>that such non-representativeness will be determined
by reference to the most recent statement or publication referenced in such clause (c)&nbsp;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; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">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 (a)&nbsp;or (b)&nbsp;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; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Benchmark
Transition Event</U>&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; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-indent: 1in">(a)<FONT STYLE="font-size: 10pt">&#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, provided 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">&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="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 1in">(b)<FONT STYLE="font-size: 10pt">&#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, provided 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-top: 0pt; margin-right: 0; margin-bottom: 0pt">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Benchmark
Unavailability Period</U>&rdquo; means, the period (if any) (a)&nbsp;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 Credit Document
in accordance with Section&nbsp;2.11 and (b)&nbsp;ending at the time that a Benchmark Replacement has replaced the then-current Benchmark
for all purposes hereunder and under any Credit Document in accordance with Section&nbsp;2.11.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Benefit
Plan</U>&rdquo; means an &ldquo;employee benefit plan&rdquo; as defined in Section&nbsp;3(3)&nbsp;of ERISA (other than a Multiemployer
Plan) that is sponsored or maintained by any Loan Party.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Board</U>&rdquo; means the
Board of Governors of the Federal Reserve System of the United States.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Board
of Directors</U>&rdquo; means, (a)&nbsp;with respect to any corporation, the board of directors of the corporation or any committee
thereof duly authorized to act on behalf of such board, (b)&nbsp;with respect to a partnership, the board of directors or equivalent
governing body of the general partner of the partnership, (c)&nbsp;with respect to a limited liability company, the managing member
or members or any controlling committee or board of managers of such company or the sole member or the managing member thereof, and
(d)&nbsp;with respect to any other Person, the board or committee of such Person serving a similar function.</P>

<P STYLE="font: 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in"><FONT STYLE="text-decoration: underline double; color: blue">&ldquo;Board
Designee&rdquo; has the meaning assigned to it in Section&nbsp;7.01(bb).</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Borrower</U>&rdquo; has the meaning specified
therefor in the preamble hereto.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Borrower Materials</U>&rdquo; has the meaning assigned to it in <U>Section&nbsp;7.01(a)(xiv)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Borrowing Base</U>&rdquo; means, at any time of calculation, an amount equal to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt -0.25in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-indent: 1in">(a)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
face amount of Eligible Accounts Receivable (net of the Dilution Reserve, to the extent not already reflected in Availability Reserves)
of the Loan Parties, multiplied by the Eligible Accounts Advance Rate; <U>plus</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt -0.25in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-indent: 1in">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Net Recovery Percentage of Eligible Inventory of the Loan Parties, multiplied by the Eligible Inventory Advance Rate, multiplied by the
Value of Eligible Inventory of the Loan Parties, net of Inventory Reserves attributable to Eligible Inventory of the Loan Parties; <I>provided
</I>that in no event shall Eligible In-Transit Inventory included in Eligible Inventory exceed $17,500,000; <U>plus</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt -0.25in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-indent: 1in">(c)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
lesser of (i)&nbsp;the Eligible Intellectual Property Advance Rate multiplied by the Appraised Value of such Eligible Intellectual Property
of the Loan Parties, net of Intellectual Property Reserves attributable to Eligible Intellectual Property of the Loan Parties and (ii)&nbsp;$<FONT STYLE="color: red"><STRIKE>11,200,000</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">8,000,000</FONT>;
<U>minus</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 0in; text-align: justify; text-indent: 1in"> (d) &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the then amount of any other customary and reasonable Reserves.</P>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">The Borrowing
Base at any time shall be determined by reference to the most recent Borrowing Base Certificate delivered to the Administrative
Agent pursuant to <U>Article&nbsp;III</U>, as adjusted to give effect to Reserves following such delivery; <I>provided</I>, that
such Reserves shall not be established or changed except upon not less than three (3)&nbsp;Business Days&rsquo; notice to the
Borrower (during which period the Administrative Agent shall be available to discuss any such proposed Reserve or change 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 or change no longer exists, in a manner and to the extent reasonably satisfactory to the Administrative Agent); <I>provided
further </I>that no such prior notice shall be required for changes to any Reserves resulting solely by virtue of mathematical
calculations of the amount of the Reserves in accordance with the methodology of calculation previously utilized (such as, but not
limited to, rent and Customer Credit Liabilities). The amount of any Reserve established by the Administrative Agent, and any change
in the amount of any Reserve, shall have a reasonable relationship to the event, condition or other matter that is the basis for
such Reserve or such change. Notwithstanding anything herein to the contrary, (x)&nbsp;Reserves shall not duplicate eligibility
criteria contained in the definition of Eligible Accounts Receivable, Eligible Inventory, Eligible Intellectual Property or any
other Reserve then established, and (y)&nbsp;it is understood and agreed that the Administrative Agent shall not make any
adjustments to expand the Borrowing Base (including, without limitation, pursuant to the inclusion of additional eligibility
categories, decreases in Reserves or increases in advance rates) without the consent of 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 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Borrowing
Base Certificate</U>&rdquo; shall mean the certificate signed by the Chief Executive Officer or Chief Financial Officer or such other
Authorized Officer of the Borrower in the form of <U>Exhibit&nbsp;C</U> annexed hereto listing individually the Eligible Accounts Receivable,
Eligible Inventory and Eligible Intellectual Property, less any Reserves then in effect, and the total amount of Eligible 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 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Budget</U>&rdquo; has the
meaning specified therefor in <U>Section&nbsp;7.01(a)(xvii)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Business Assessment</U>&rdquo; has the meaning specified therefor
in <U>Section&nbsp;7.01(z)</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 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Business
Day</U>&rdquo; means (a)&nbsp;any day excluding Saturday, Sunday and any day which is a legal holiday under the Laws of the State of New
York or is a day on which banking institutions located in such state are authorized or required by Law or other governmental action to
close and (b)&nbsp;with respect to all notices, determinations, fundings and payments in connection with Term SOFR or any SOFR Loans,
the term &ldquo;Business Day&rdquo; shall mean any day which is a Business Day described in clause (i)&nbsp;and which is also a U.S. Government
Securities 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 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Capital
Expenditures</U>&rdquo; means, with respect to any Person for any period, the aggregate of all expenditures by such Loan Parties during
such period that in accordance with GAAP are or should be included in &ldquo;property, plant and equipment&rdquo; or in a similar fixed
asset account on its balance sheet, whether such expenditures are paid in cash or financed and including all Capitalized Lease Obligations
added during such period; <I>provided</I>, that the term &ldquo;Capital Expenditures&rdquo; shall not include any such expenditures which
constitute (a)&nbsp;expenditures by any Loan Party made in connection with the replacement, substitution or restoration of such Person&rsquo;s
assets (i)&nbsp;to the extent financed from (A)&nbsp;insurance proceeds and other proceeds relating to the loss of property paid on account
of the loss of or damage to, destruction of or condemnation of the assets being replaced or restored by such Person that has received
such proceeds or (B)&nbsp;proceeds received by such Person from any Disposition permitted under this Agreement, in each case, so long
as the Borrower is permitted to reinvest such proceeds pursuant to <U>Section&nbsp; 2.05(c)(vi)</U>&nbsp;or (ii)&nbsp;with compensation
awards arising from the taking by eminent domain or condemnation of the assets being replaced, (b)&nbsp;expenditures financed with the
proceeds received from the substantially concurrent sale or issuance of Equity Interests (other than Disqualified Equity Interests) to
any other Persons, (c)&nbsp;a Permitted Acquisition or any investment permitted hereunder, (d)&nbsp;expenditures that are accounted for
as capital expenditures of such Person and that actually are paid for by a third party (excluding any Loan Party) and for which no Loan
Party has provided or is required to provide or incur, directly or indirectly, any consideration or obligation to such third party or
any other person (whether before, during or after such period), and (e)&nbsp;the purchase price of equipment that is purchased substantially
contemporaneously with the trade in of existing equipment to the extent that the gross amount of such purchase price is reduced by the
credit granted by the seller of such equipment for the equipment being traded in at such time.</P>

<P STYLE="font: 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 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Capitalized
Lease</U>&rdquo; means, with respect to any Person, any lease of real or personal property by such Person as lessee which is
(a)&nbsp;required under GAAP to be capitalized on the balance sheet of such Person or (b)&nbsp;a transaction of a type commonly
known as a &ldquo;synthetic lease&rdquo; (<U>i.e.</U>, a lease transaction that is treated as an operating lease for accounting
purposes but with respect to which payments of rent are intended to be treated as payments of principal and interest on a loan for
Federal income tax purposes).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Capitalized
Lease Obligations</U>&rdquo; means, with respect to any Person, obligations of such Loan Parties under Capitalized Leases, and, for purposes
hereof, the amount of any such obligation shall be the capitalized amount thereof determined in accordance with GAAP.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>CARES Act</U>&rdquo;
means the Coronavirus Aid, Relief and Economic Security Act, as amended, and the related rules&nbsp;and regulations promulgated thereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>CARES Act
Indebtedness</U>&rdquo; means any unsecured loan or other financial accommodation under the Payroll Protection Program established pursuant
to the CARES Act under 15 U.S.C. 636(a)(36) (as added to the Small Business Act by Section&nbsp;1102 of the CARES 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 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Cash Equivalents</U>&rdquo; means</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>marketable
direct obligations issued or unconditionally guaranteed by the United States Government or issued by any agency thereof and backed by
the full faith and credit of the United States, in each case, maturing within 1 year from the date of acquisition thereof;</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>marketable
direct obligations issued or fully guaranteed by any state of the United States or any political subdivision of any such state or any
public instrumentality thereof maturing within 1 year from the date of acquisition thereof and, at the time of acquisition, having one
of the two highest ratings obtainable from either Standard&nbsp;&amp; Poor&rsquo;s Rating Group or Moody&rsquo;s Investors Service,&nbsp;Inc.;</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>commercial
paper, maturing not more than 1 year after the date of issue rated P-1 by Moody&rsquo;s or A-1 by Standard&nbsp;&amp; Poor&rsquo;s;</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1in"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>certificates
of deposit maturing not more than 1 year after the date of issue, issued by commercial banking institutions and money market or demand
deposit accounts maintained at commercial banking institutions, each of which is a member of the Federal Reserve System and has a combined
capital and surplus and undivided profits of not less than $500,000,000;</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1in"><FONT STYLE="color: #010000">(e)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>deposit
accounts maintained with (i)&nbsp;any bank that satisfies the criteria described in clause (d)&nbsp;above, or (ii)&nbsp;any other bank
organized under the laws of the United States or any state thereof so long as the full amount maintained with any such other bank is insured
by the Federal Deposit Insurance Corporation;</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1in"><FONT STYLE="color: #010000">(f)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>repurchase
agreements having maturities of not more than 90 days from the date of acquisition which are entered into with major money center
banks included in the commercial banking institutions described in clause (c)&nbsp;above and which are secured by readily marketable
direct obligations of the United States Government or any agency 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="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1in"><FONT STYLE="color: #010000">(g)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>debt
securities with maturities of 6 months or less from the date of acquisition backed by standby letters of credit issued by any commercial
bank satisfying the criteria described in clause (d)&nbsp;above;</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1in"><FONT STYLE="color: #010000">(h)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>money
market accounts maintained with mutual funds having assets in excess of $500,000,000, which assets are primarily comprised of Cash Equivalents
described in another clause of this definition; and</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1in"><FONT STYLE="color: #010000">(i)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>marketable
tax exempt securities rated A or higher by Moody&rsquo;s or A+ or higher by Standard&nbsp;&amp; Poor&rsquo;s, in each case, maturing within
270 days from the date of acquisition thereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Cash Management
Accounts</U>&rdquo; means the bank accounts of each Loan Party (other than the Excluded Accounts).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Cash Management
Bank</U>&rdquo; has the meaning specified therefor in <U>Section&nbsp;8.01(a)</U>.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Certifications</U>&rdquo;
has the meaning specified therefor in <U>Section&nbsp;6.01(q)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>CFTC</U>&rdquo; means the Commodity Futures Trading Commission.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Change
in Law</U>&rdquo; means the occurrence, after the date of this Agreement, of any of the following: (a)&nbsp;the adoption or taking effect
of any law, rule, regulation, judicial ruling, judgment or treaty, (b)&nbsp;any change in any law, rule, regulation or treaty or in the
administration, interpretation, implementation or application thereof by any Governmental Authority or (c)&nbsp;the making or issuance
of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; <I>provided </I>that
notwithstanding anything herein to the contrary, (i)&nbsp;the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests,
rules, guidelines or directives thereunder or issued in connection therewith and (ii)&nbsp;all requests, rules, guidelines or directives
concerning capital adequacy 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 shall, in each case, be deemed to be a &ldquo;Change
in Law&rdquo;, regardless of the date enacted, adopted or issued.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Change of Control</U>&rdquo; means each
occurrence of any of the following:</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>the
acquisition, directly or indirectly, by any Person or group (within the meaning of Section&nbsp;13(d)(3)&nbsp;of the Exchange Act) of
beneficial ownership of more than forty percent (40%) of the aggregate outstanding voting power of the Equity Interests of the Borrower;</P>

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

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

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>any
Person or group (within the meaning of Section&nbsp;13(d)(3)&nbsp;of the Exchange Act) shall be granted the authority to nominate a majority
of the members of the Board of Directors of the Borrower;</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>during
any period of twenty-four (24) consecutive months, individuals who at the beginning of such period constituted the Board of Directors
of the Borrower (together with any new directors whose election by such Board of Directors or whose nomination for election by the shareholders
of the Borrower was approved by a vote of at least a majority the directors of the Borrower then still in office who were either directors
at the beginning of such period, or whose election or nomination for election was previously approved) cease for any reason to constitute
a majority of the Board of Directors of the Borrower;</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1in"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>the
Borrower shall cease to have, directly or indirectly, the aggregate beneficial ownership (as defined in Rule&nbsp;13d-3 under the Exchange
Act) of at least the percentage of the aggregate voting power or economic power of the Equity Interests of each Significant Subsidiary
held by it on the Effective Date (or, with respect to any Subsidiary that becomes a Significant Subsidiary after the Effective Date, on
the date such Subsidiary becomes a Significant Subsidiary hereunder), other than pursuant to a transaction permitted under <U>Section&nbsp;7.02(c)</U>;</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1in"><FONT STYLE="color: #010000">(e)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>(i)&nbsp;the
Borrower or any Significant Subsidiary consolidates or amalgamates with or merges into another entity or conveys, transfers or leases
all or substantially all of its property and assets to another Person, unless otherwise permitted hereunder or (ii)&nbsp;any entity consolidates
or amalgamates with or merges into the Borrower or any Significant Subsidiary in a transaction pursuant to which the outstanding voting
Equity Interests of the Borrower or any Significant Subsidiary are reclassified or changed into or exchanged for cash, securities or other
property, other than any such transaction described in this clause (ii)&nbsp;in which either (A)&nbsp;in the case of any such transaction
involving the Borrower, no Person or group (within the meaning of Section&nbsp;13(d)(3)&nbsp;of the Exchange Act) has, directly or indirectly,
acquired beneficial ownership of more than 25% of the aggregate outstanding voting Equity Interests of the Borrower or (B)&nbsp;in the
case of any such transaction involving a Significant Subsidiary, the Borrower has beneficial ownership on a fully diluted basis of at
least a majority of the aggregate voting and economic power of all Equity Interests of the resulting, surviving or transferee entity as
it held prior to the date of such transaction; or</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1in"><FONT STYLE="color: #010000">(f)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>a
&ldquo;<U>Change of Control</U>&rdquo; (or any comparable term or provision) under or with respect to any of the Indebtedness for borrowed
money of any Loan Party.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>CIP Regulations</U>&rdquo; has the meaning
specified therefor in <U>Section&nbsp;10.10</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 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Class&nbsp;A
Common Stock</U>&rdquo; means the Class&nbsp;A common stock, par value $0.001 per share, of the Borrower.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Collateral</U>&rdquo;
means all of the property and assets and all interests therein and proceeds thereof now owned or hereafter acquired by any Loan
Party upon which a Lien is granted or purported to be granted by such Loan Party as security for all or any part of the Obligations; <I>provided</I>,
that the term &ldquo;Collateral&rdquo; shall not include any &ldquo;Excluded Property&rdquo; (as defined in any Security
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 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Collateral
Agent</U>&rdquo; has the meaning specified therefor in the preamble hereto.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Commitment</U>&rdquo; means, with respect to each
Lender, such Lender&rsquo;s Term Loan Commitment.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Competitor</U>&rdquo;
means any Person which is a direct competitor of the Loan Parties or their Subsidiaries in the same or substantially similar line of
business as the Loan Parties or their Subsidiaries as of the Effective Date, if, in each case, at the time of a proposed assignment
or participation, Agents and the assigning Lender have been notified in writing by the Borrower that such a Person is a direct
competitor of the Loan Parties or their 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 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Compliance
Certificate</U>&rdquo; has the meaning assigned to it in <U>Section&nbsp;7.01(a)(iv)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&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, the applicability of
Section&nbsp;2.18(c)&nbsp;and other technical, administrative or operational matters) that the Administrative Agent decides may be
appropriate to reflect the adoption and implementation of any such rate or to permit the use and administration thereof by the
Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent decides that
adoption of any portion of such market practice is not administratively feasible or if the Administrative Agent determines that no
market practice for the administration of any such rate exists, in such other manner of administration as the Administrative Agent
decides is reasonably necessary in connection with the administration of this Agreement and the other Credit 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 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Connection
Income Taxes</U>&rdquo; means Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise
Taxes or branch profits Taxes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Consolidated Adjusted EBITDA</U>&rdquo;
means, the Consolidated Net Income of the Loan Parties for such period:</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>increased
(without duplication) by the following, in each case (other than clauses (vii)&nbsp;and (ix)) to the extent deducted (and not added back)
in determining Consolidated Net Income for such period:</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.5in"><FONT STYLE="color: #010000">(i)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>any
provision for (or less any benefit, including income tax credits and refunds, from) income taxes (including franchise, gross receipts
and single business taxes imposed in lieu of income taxes); plus</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.5in"><FONT STYLE="color: #010000">(ii)</FONT> &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;depreciation
and amortization expense of such Person for such period; plus</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.5in"><FONT STYLE="color: #010000">(iii)</FONT>
&#8239;&#8239;&#8239;&#8239;&#8239;the amount of any documented and clearly identifiable one-time and nonrecurring restructuring charges in connection with the
Effective Date Acquisition, any Permitted Acquisitions or any other permitted Investment that is consummated after the Effective
Date; <I>provided </I>that, unless otherwise consented to in writing by the Required Lenders in their sole discretion in connection
with the Effective Date Acquisition or any Permitted Acquisition, the amounts added to Consolidated Adjusted EBITDA in the aggregate
pursuant to this clause (iii)&nbsp;shall not exceed the lesser of 2.0% of Consolidated Adjusted EBITDA (calculated prior to giving
effect to such add-backs) and $500,000 for any four consecutive fiscal quarter period; plus</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.5in"><FONT STYLE="color: #010000">(iv)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>non-cash
equity-based awards compensation expense and non-cash expenses related to or associated with deferred compensation; plus</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.5in"><FONT STYLE="color: #010000">(v)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>all
documented fees, costs, charges or expenses in connection with Permitted Acquisitions and other Investments permitted hereunder, whether
or not such acquisitions are consummated, <U>provided</U>, that with respect to Permitted Acquisitions and other Investments permitted
hereunder that are consummated, such fees, costs, charges or expenses are incurred no later than 90 days following the consummation of
such Permitted Acquisition or Investment and unless otherwise consented to in writing by the Required Lenders in their sole discretion
in connection with a Permitted Acquisition and other Investments, the amounts added to Consolidated Adjusted EBITDA in the aggregate pursuant
to this clause (v)&nbsp;shall not exceed the lesser of 2.0% of Consolidated Adjusted EBITDA (calculated prior to giving effect to such
add-backs) and $500,000 for any four consecutive fiscal quarter period; plus</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.5in"><FONT STYLE="color: #010000">(vi)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>any
non-cash costs or expense incurred by the Borrower or a Subsidiary pursuant to any management equity plan or stock option plan or any
other management or employee benefit plan or agreement; plus</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.5in"> <FONT STYLE="color: #010000">(vii)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;[reserved]; plus</P>



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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.5in"><FONT STYLE="color: #010000">(viii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT></FONT>purchase
accounting adjustments incurred in connection with acquisitions prior to the Effective Date; plus</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.5in"><FONT STYLE="color: #010000">(ix)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>any
non-cash costs or expense incurred by the Borrower or a Subsidiary pursuant to any management equity plan or stock option plan or any
other management or employee benefit plan or agreement; plus</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.5in"><FONT STYLE="color: #010000">(x)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>cash
receipts (or any netting arrangements resulting in reduced cash expenditures) not representing Consolidated Adjusted EBITDA or
Consolidated Net Income in any period to the extent non-cash gains relating to such income were deducted in the calculation of
Consolidated Adjusted EBITDA pursuant to clause (b)&nbsp;below for any previous period and not added back; plus</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.5in"> <FONT STYLE="color: #010000">(xi)</FONT> &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Consolidated Net Interest Expense for such period; plus</P>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0 0pt 0.25in; text-indent: 1.5in"><FONT STYLE="color: #010000">(xii)&#8239;<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>to
the extent covered by insurance and actually reimbursed in cash, expenses with respect to liability or casualty events; plus</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.5in"><FONT STYLE="color: #010000">(xiii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>any
proceeds of a business interruption insurance claim actually received in cash and solely to the extent replacing lost profits;</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>decreased</U>
(without duplication) by the following, in each case to the extent included in determining Consolidated Net Income for such period:</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.5in"><FONT STYLE="color: #010000">(i)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>any
non-cash gains with respect to cash actually received in a prior period unless such cash did not increase Consolidated Adjusted EBITDA
in such prior period; plus</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.5in"><FONT STYLE="color: #010000">(ii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>in
each case to the extent included in determining such Consolidated Net Income for such period and without duplication, the amount of positive
Consolidated Adjusted EBITDA of Subsidiaries that have not guaranteed the Obligations hereunder and provided Liens on their assets securing
the Obligations for such period.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>increased
or decreased (without duplication) by, as applicable, any adjustments resulting from the application of FASB Accounting Standards Codification
460, guarantees.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">With respect to any period during which
a Permitted Acquisition or a Permitted Disposition has occurred (each, a &ldquo;<U>Subject Transaction</U>&rdquo;), for purposes of determining
compliance with the financial covenants set forth in <U>Section&nbsp;7.03</U>, Consolidated Adjusted EBITDA shall be calculated with respect
to such period on a pro forma basis using the historical financial statements of any business so acquired (and for which the Administrative
Agent has received a &ldquo;quality of earnings report&rdquo;) or sold and the consolidated financial statements of the Borrower and the
other Loan Parties which shall be reformulated as if such Subject Transaction, and any Indebtedness incurred or repaid in connection therewith,
had been consummated or incurred or repaid at the beginning of such period (and assuming that such Indebtedness bears interest during
any portion of the applicable measurement period prior to the relevant Permitted Acquisition or Permitted Disposition at the weighted
average of the interest rates applicable to outstanding Loans incurred during such period).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Notwithstanding anything in this Agreement
or the other Loan Documents to the contrary, neither the incurrence of any CARES Act Indebtedness nor any payment or forgiveness of all
or any portion of any CARES Act Indebtedness shall result in any increase to Consolidated Adjusted EBITDA for any 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"></P>

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<P STYLE="font: 10pt Times 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 calculating Consolidated
EBITDA for each period set forth in the table below, Consolidated EBITDA shall be deemed to be the amount set forth below opposite
such period; <I>provided </I>that the foregoing shall be adjusted downwards after the Effective Date to take into account the
results of the &ldquo;quality of earnings&rdquo; report required to be delivered to the Agents no later than the date that is
30-days after the Effective Date:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 60%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Fiscal Quarter Ended</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; text-align: center; font: bold 10pt Times New Roman, Times, Serif">Consolidated<BR>
 EBITDA</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 70%; text-align: left">March&nbsp;31, 2021</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 25%; text-align: right">3,509,051</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">June&nbsp;30, 2021</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">7,541,020</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">September&nbsp;30, 2021</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">9,401,188</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">December&nbsp;31, 2021</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">2,073,906</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</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 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Consolidated
Fixed Charges</U>&rdquo; means, with respect to the Loan Parties, for any period, (a)&nbsp;Consolidated Net Interest Expense for such
period plus (b)&nbsp;Consolidated Scheduled Funded Debt Payments for such period plus (c)&nbsp;income taxes paid or payable by such Person
and its Subsidiaries during such period, plus (d)&nbsp;cash dividends or distributions paid, or the purchase, redemption or other acquisition
or retirement for value (including in connection with any merger or consolidation), by such Person or any of its Subsidiaries, in respect
of the Equity Interests of such Person or any of its Subsidiaries (other than dividends or distributions paid by a Loan Party to any other
Loan Party) during such period.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Consolidated
Funded Indebtedness</U>&rdquo; means, with respect to any of the Loan Parties at any date and without duplication, all Indebtedness of
such Loan Parties of the type described in clauses (a), (b), (c), (d)&nbsp;(e), (f)&nbsp;and (i)&nbsp;of the definition of Indebtedness
(to the extent guaranteeing Indebtedness of the type described in clause (a), (b)&nbsp;(c), (d), (e)&nbsp;or (f)&nbsp;of the definition
of Indebtedness), determined on a consolidated basis in accordance with GAAP, including, in any event, but without duplication, with respect
to the Loan Parties, the Term Loans and the amount of their Capitalized Lease 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 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Consolidated
Net Income</U>&rdquo; means, with respect to the Loan Parties, for any period, the consolidated net income (or loss) of the Borrower
and its Subsidiaries for such period; <I>provided, however</I>, that the following shall be excluded (without duplication):
(a)&nbsp;the net income of any other Person in which such Loan Party has a joint interest with a third-party (which interest does
not cause the net income of such other Person to be consolidated into the net income of such Borrower), except to the extent of the
amount of dividends or distributions paid in cash to such Borrower or Subsidiary, (b)&nbsp;the net income of any Subsidiary of the
Borrower that is, on the last day of such period, subject to any restriction or limitation on the payment of dividends or the making
of other distributions, to the extent of such restriction or limitation and (c)&nbsp;the net income of any other Person arising
prior to such other Person becoming a Subsidiary of any Loan Party or merging or consolidating into 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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Consolidated
Net Interest Expense</U>&rdquo; means, with respect to the Loan Parties for any period, (a)&nbsp;gross interest expense of the Loan
Parties for such period determined on a consolidated basis and in accordance with GAAP (including, without limitation, interest
expense paid to Affiliates (other than the Loan Parties) of such Loan Party, debt extinguishment costs, lender and agency fees and
other loan servicing fees, write-downs of deferred financing costs and original issue discount, commissions and fees with respect to
letters of credit, imputed interest on Capitalized Leases and similar items), less (b)&nbsp;the sum of (i)&nbsp;interest income for
such period and (ii)&nbsp;gains for such period on Hedging Agreements (to the extent not included in interest income above and to
the extent not deducted in the calculation of gross interest expense), plus (c)&nbsp;the sum of (i)&nbsp;losses for such period on
Hedging Agreements (to the extent not included in gross interest expense) and (ii)&nbsp;the upfront costs or fees for such period
associated with Hedging Agreements (to the extent not included in gross interest expense), in each case, determined on a
consolidated basis and 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 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Consolidated
Scheduled Funded Debt Payments</U>&rdquo; means regularly scheduled amortization payments of principal (including principal payments due
at maturity) on Consolidated Funded Indebtedness. For purposes of this definition, &ldquo;scheduled payments of principal&rdquo; (i)&nbsp;shall
be determined without giving effect to any reduction of such scheduled payments resulting from the application of any voluntary prepayments
made during the applicable period and (ii)&nbsp;shall not include any voluntary prepayments.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Contingent
Obligation</U>&rdquo; means, with respect to any Loan Party any obligation of such Loan Party guaranteeing or intended to guarantee any
Indebtedness (&ldquo;primary obligations&rdquo;) of any other Person (the &ldquo;primary obligor&rdquo;) in any manner, whether directly
or indirectly, including, without limitation, (a)&nbsp;the direct or indirect guaranty, endorsement (other than for collection or deposit
in the ordinary course of business), co-making, discounting with recourse or sale with recourse by such Loan Party of the obligation of
a primary obligor, (b)&nbsp;the obligation to make take-or-pay or similar payments, if required, regardless of nonperformance by any other
party or parties to an agreement, and (c)&nbsp;any obligation of such Loan Party, whether or not contingent, (i)&nbsp;to purchase any
such primary obligation or any property constituting direct or indirect security therefor, (ii)&nbsp;to advance or supply funds (A)&nbsp;for
the purchase or payment of any such primary obligation or (B)&nbsp;to maintain working capital or equity capital of the primary obligor
or otherwise to maintain the net worth or solvency of the primary obligor, (iii)&nbsp;to purchase property, assets, securities or services
primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of
such primary obligation or (iv)&nbsp;otherwise to assure or hold harmless the holder of such primary obligation against loss in respect
thereof; <I>provided, however</I>, that the term &ldquo;Contingent Obligation&rdquo; shall not include any product warranties extended
in the ordinary course of business. The amount of any Contingent Obligation shall be deemed to be an amount equal to the stated or determinable
amount of the primary obligation with respect to which such Contingent Obligation is made (or, if less, the maximum amount of such primary
obligation for which such Person may be liable pursuant to the terms of the instrument evidencing such Contingent Obligation) or, if not
stated or determinable, the maximum reasonably anticipated liability with respect thereto (assuming such Loan Party is required to perform
thereunder), as determined by such Loan Party 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 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Contractual
Obligation</U>&rdquo; means, as to any Loan Party, any provision of any security issued by such Person or of any agreement, instrument
or other undertaking to which such Loan Party 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">&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 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Controlled
Investment Affiliate</U>&rdquo; means, as to any Person, any other Person that (a)&nbsp;directly or indirectly, is in control of, is
controlled by, or is under common control with, such Person and (b)&nbsp;is organized by such Person primarily for the purpose of
making equity or debt investments in one or more companies. For purposes of this definition, &ldquo;control&rdquo; of a Person means
the power, directly or indirectly, to direct or cause the direction of the management and policies of such Person whether by
contract 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 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Corresponding
Obligations</U>&rdquo; means all Obligations as they may exists from time to time, other than the Parallel Debts.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Customer
Credit Liabilities</U>&rdquo; means, at any time, the aggregate remaining balance at such time of (a)&nbsp;outstanding gift certificates
and gift cards of a Loan Party entitling the holder thereof to use all or a portion of the certificate or gift card to pay all or a portion
of the purchase price for any Inventory and (b)&nbsp;outstanding merchandise credits of a Loan Party, in each case, net of any dormancy
reserves maintained by such Loan Party on its books and records in the ordinary course of business consistent with past 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 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Customs
Broker/Carrier Agreement</U>&rdquo; means an agreement in form and substance reasonably satisfactory to the Collateral Agent among a Loan
Party, a customs broker, freight forwarded, consolidator or carrier, and the Collateral Agent, in which such customs broker, freight forwarded,
consolidator or carrier acknowledges that it has control over and holds the documents evidencing ownership of the subject In-Transit Inventory
for the benefit of the Collateral Agent and agrees, upon notice from the Collateral Agent, to hold and dispose of the subject In-Transit
Inventory solely as directed by 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 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Daily Simple
SOFR</U>&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; <I>provided </I>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 <FONT STYLE="font-size: 10pt">its reasonable discretion.</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 0in; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&ldquo;<U>December&nbsp;2024
Waiver</U>&rdquo; means Consent to Waiver of Defaults under Section&nbsp;2.05(c)(vii)&nbsp;and Article&nbsp;III of this Agreement <FONT STYLE="text-decoration: underline double; color: blue">(</FONT></FONT><FONT STYLE="text-decoration: underline double; color: blue">as
in effect prior to the Eleventh Amendment Effective Date<FONT STYLE="font-size: 10pt">) </FONT></FONT><FONT STYLE="font-size: 10pt">dated
December&nbsp;17, 2024.</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 0in; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Debtor
Relief Law</U>&rdquo; means the Bankruptcy Code and any other liquidation, conservatorship, bankruptcy, assignment for the benefit
of creditors, moratorium</FONT>, rearrangement, receivership, insolvency, reorganization, or similar debtor relief law of the United
States, the United Kingdom or other applicable jurisdiction from time to time in effect, including any insolvency proceedings within
the meaning of the Insolvency Regulation listed or to be listed in Annex A thereto, any insolvency proceedings under the Dutch
Bankruptcy Act (<I>Faillissementswet</I>), including a filing of a declaration under article 370(3)&nbsp;of the Dutch Bankruptcy
Act, or filing a notice under Section&nbsp;36 of the Tax Collection Act of the Netherlands (<I>Invorderingswet 1990</I>) or
Section&nbsp;60 of the Social Insurance Financing Act of the Netherlands (<I>Wet Financiering Sociale Verzekeringen</I>) in
conjunction with Section&nbsp;36 of the Tax Collection Act of the Netherlands (<I>Invorderingswet 1990</I>), but not where such
notice is (deemed to be) filed by reason of a request by a Dutch Loan Party for the postponement of its tax liability payments made
in accordance with the Decree on Temporary Measures Corona Crisis (<I>Besluit noodmaatregelen coronacrisis</I>) of the Dutch State
Secretary for Finance dated 24 September&nbsp;2021, no. 2021-191442 (as amended and replaced from time to time) but provided that
the Dutch Loan Party would otherwise not be obliged to file a notice under Article&nbsp;36 of the Tax Collection Act of the
Netherlands (<I>Invorderingswet 1990</I>), and any insolvency proceedings under Book XX of the Belgian Economic Law Code dated 28
February&nbsp;2013.</P>

<P STYLE="font: 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 0in; text-align: justify; text-indent: 1in">&ldquo;<U>December&nbsp;2022
Consent</U>&rdquo; means the Consent to Waiver of Borrowing Base Default dated December&nbsp;22, 2022.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Default</U>&rdquo;
means an event which, with the giving of notice or the lapse of time to cure any such default or both, would constitute an Event of Default.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Defaulting
Lender</U>&rdquo; means any Lender that (i)&nbsp;has failed to fund any portion of the Term Loans required to be funded by it hereunder
within one Business Day of the date required to be funded by it hereunder and has not cured such failure prior to the date of determination,
(ii)&nbsp;has otherwise failed to pay over to any Agent or any other Lender any other amount required to be paid by it hereunder within
one Business Day of the date when due, unless the subject of a good faith dispute, and has not cured such failure prior to the date of
determination, or (iii)&nbsp;has been deemed insolvent or become the subject of an Insolvency 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 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Delayed
Draw Term Loan</U>&rdquo; means, collectively, the loans made by the Delayed Draw Term Loan Lenders to the Borrower pursuant to <U>Section&nbsp;2.01(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 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Delayed
Draw Term Loan Commitment</U>&rdquo; means, with respect to each Delayed Draw Term Loan Lender, the commitment of such Lender to make
a Delayed Draw Term Loan to the Borrower in the amount set forth under the heading &ldquo;Delayed Draw Term Loan&rdquo; in <U>Schedule
1.01(A)</U>&nbsp;hereto, as the same may be terminated or reduced from time to time in accordance with the terms of this Agreement. For
the avoidance of doubt the Delayed Draw Term Loan Commitments of all Lenders shall terminate on April&nbsp;24, 2023.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Delayed
Draw Term Loan Expiration Date</U>&rdquo; shall mean the earlier of (i)&nbsp;April&nbsp;24, 2023, and (ii)&nbsp;the date on which no Delayed
Draw Term Loan Commitments remain available, having either been drawn pursuant to <U>Section&nbsp;2.01(a)</U>&nbsp;or terminated pursuant
to <U>Section&nbsp;2.05(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 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Delayed Draw Term Loan Lender</U>&rdquo;
shall mean a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term 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 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Delayed
Draw Unused Fee</U>&rdquo; has the meaning assigned to it in <U>Section&nbsp;2.06(a)(ii)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Dilution Reserve</U>&rdquo;
means, for any period, the product of the Dilution Reserve Percentage multiplied by ninety-five percent (95%) of the face amount of
Eligible Accounts Receivables.</P>

<P STYLE="font: 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 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Dilution
Reserve Percentage</U>&rdquo; means, for any period, that percentage reasonably determined by the Administrative Agent in the
exercise of its Permitted Discretion by dividing (a)&nbsp;the amount of discounts, credits and charge-offs of Eligible Accounts
Receivables during such period which had, at the time of sale, resulted in the creation of an Eligible Accounts Receivable, by
(b)&nbsp;the amount of sales (exclusive of sales taxes and other similar taxes) of the Loan Parties during such period.</P>

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


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Disposition</U>&rdquo;
or &ldquo;<U>Dispose</U>&rdquo; means any transaction, or series of related transactions, pursuant to which any Person or any of its Subsidiaries
sells, assigns, transfers, leases, licenses (as licensor) or otherwise disposes of any property or assets (whether now owned or hereafter
acquired) to any other Person, in each case, whether or not the consideration therefor consists of cash, securities or other assets owned
by the acquiring Person, <U>excluding</U> any sales of Inventory in the ordinary course of business on ordinary business terms. For purposes
of clarification, &ldquo;Disposition&rdquo; shall include (a)&nbsp;the sale or other disposition for value of any contracts, (b)&nbsp;any
disposition of property through a &ldquo;plan of division&rdquo; under the Delaware Limited Liability Company Act and/or Nevada Limited
Liability Company Act or any comparable transaction under any similar law, or (c)&nbsp;the early termination or modification of any contract
resulting in the receipt by any Loan Party of a cash payment or other consideration in exchange for such event (other than payments in
the ordinary course for accrued and unpaid amounts due through the date of termination or 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 0pt 0in; text-align: justify; text-indent: 1in">&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 Interest
into which it is convertible or for which it is exchangeable), or upon the happening of any event or condition, (a)&nbsp;matures
(excluding any maturity as the result of an optional redemption by the issuer thereof) or is mandatorily redeemable, pursuant to a
sinking fund obligation or otherwise, or is redeemable at the option of the holder thereof, in whole or in part, on or prior to the
date which is 181 days after the Final Maturity Date, (b)&nbsp;is convertible into or exchangeable at the option or election of the
holder for (i)&nbsp;debt securities or (ii)&nbsp;any Equity Interests referred to in clause (a)&nbsp;above, in each case at any time
prior to the date which is 181 days after the Final Maturity Date, (c)&nbsp;contains any repurchase obligation that may come into
effect either (i)&nbsp;prior to payment in full of all Obligations (other than unasserted contingent indemnification Obligations) or
(ii)&nbsp;prior to the date that is 181 days after the Final Maturity Date or (d)&nbsp;requires scheduled cash payments or the
payment of cash dividends or distributions prior to the date that is 181 days after the Final 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 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Dollar</U>,&rdquo;
&ldquo;<U>Dollars</U>&rdquo; and the symbol &ldquo;<U>$</U>&rdquo; each means lawful money of the United States of America.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Domestic
Accounts Receivable</U>&rdquo; means the Eligible Accounts Receivable of the Borrower and any Domestic Subsidiary that is a Loan Party.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Domestic
Inventory</U>&rdquo; mean the Inventory of the Borrower and any Domestic Subsidiary that is located in the United States of America, any
state thereof or the District of Columbia.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Domestic Subsidiary</U>&rdquo;
means any Subsidiary incorporated or organized under the laws of the United States of America, any state thereof or the District of Columbia.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Dutch Loan
Party</U>&rdquo; means any Loan Party incorporated under the laws of the Netherlands.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Dutch
Security Agreement</U>&rdquo; means the Dutch law governed security agreement, dated as of the Effective Date, made by Clevertouch
B.V. as pledgor in favor of the Collateral Agent as pledgee, in form and substance reasonably acceptable to 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 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Dutch Security
Documents</U>&rdquo; means the Dutch Security Agreement and the Dutch Share Pledge Agreement and any other Security Document governed
by Dutch 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 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Dutch Share
Pledge Agreement</U>&rdquo; means the Dutch law governed notarial security agreement granting security over the shares in the capital
of Clevertouch B.V., dated as of the Effective Date, made by Sahara Presentation Systems, Ltd as pledgor in favor of the Collateral Agent
as pledgee and with Clevertouch B.V. as company the shares of which are being pledged, in form and substance reasonably acceptable to
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 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Effective Date</U>&rdquo; means December&nbsp;31,
2021.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Effective
Date Acquisition</U>&rdquo; means the acquisition of the membership interests of FrontRow pursuant to the Effective Date Acquisition 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 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Effective
Date Acquisition Agreement</U>&rdquo; means that certain Membership Interest Purchase Agreement, dated October&nbsp;29, 2021, by and among
the Borrower, FrontRow and each of the equity holders of FrontRow.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Effective
Date Acquisition Collateral Assignment</U>&rdquo; means the Collateral Assignment of Acquisition Documents, dated as of the Effective
Date, by the Borrower in favor of the Collateral Agent, and in form and substance satisfactory to the Collateral Agent and 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 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Effective
Date Borrowing Base Certificate</U>&rdquo; has the meaning assigned to it in <U>Section&nbsp;3.01</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 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Eighth
Amendment</U>&rdquo; means the Eighth Amendment to Credit Agreement dated as of the Eighth Amendment Effective Date between the
Borrower, the Guarantors, the Lenders party thereto and the Administrative Agent<FONT STYLE="text-decoration: underline double">.</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 1in; color: blue"><FONT STYLE="text-decoration: underline double">&ldquo;Eighth
Amendment Effective Date&rdquo; means March&nbsp;24, 2025.</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 0in; text-align: justify; text-indent: 1in"><FONT STYLE="text-decoration: underline double; color: blue"><U>&ldquo;Eleventh
Amendment&rdquo; means the Eleventh Amendment to Credit Agreement dated as of the Eleventh Amendment Effective Date between the Borrower,
the Guarantors, the <FONT STYLE="text-decoration-style: double">Lenders party thereto and the Administrative Agent </FONT></U></FONT>and to which this <U>Exhibit&nbsp;A</U> is attached.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<FONT STYLE="color: red"><STRIKE>Eighth</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">Eleventh
</FONT>Amendment Effective Date&rdquo; has the meaning specified therefor in the <FONT STYLE="color: red"><STRIKE>Eighth</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">Eleventh</FONT>
Amendment.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Eligible
Accounts Advance Rate</U>&rdquo; means 90% of Domestic Accounts Receivable and 85% of Foreign Accounts Receivable of the Loan Parties.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Eligible
Accounts Receivable</U>&rdquo; means, as of any date of determination thereof, Accounts Receivables that satisfy the following
criteria at the time of creation and continue to meet the same at the time of such determination: such Accounts Receivable
(i)&nbsp;has been earned by performance and represents the bona fide amounts due to a Loan Party from an Account Debtor, and in each
case originated in the ordinary course of business of such Loan Party, and (ii)&nbsp;in each case is not ineligible for inclusion in
the calculation of the Borrowing Base pursuant to any of clauses (a)&nbsp;through (cc) below as determined by the Administrative
Agent in its Permitted Discretion. Without limiting the foregoing, to qualify as an Eligible Accounts Receivable, an Accounts
Receivable shall indicate no Person other than a Loan Party or an Affiliate of a Loan Party as payee or remittance party. In
determining the amount to be so included, the face amount of an Account shall be reduced by, without duplication, to the extent not
reflected in such face amount, (i)&nbsp;the amount of all accrued and actual discounts, claims, credits or credits pending,
promotional program allowances, price adjustments, finance charges or other allowances (including any amount that a Loan Party may
be obligated to rebate to a customer pursuant to the terms of any agreement or understanding (written or oral)) and (ii)&nbsp;the
aggregate amount of all cash received in respect of such Accounts Receivable but not yet applied by the Loan Parties to reduce the
amount of such Eligible Accounts Receivables. Any Accounts Receivables included within any of the following categories shall not
constitute an Eligible Accounts Receivable:</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-indent: 1in">(a)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>such
Accounts Receivable (i)&nbsp;does not arise from the sale of goods or the performance of services by a Loan Party in the ordinary
course of its business, (ii)&nbsp;represents a progress billing, (iii)&nbsp;is contingent upon the Loan Parties&rsquo; completion of
any further performance, (iv)&nbsp;represents a sale on a bill-and-hold, guaranteed sale, sale-and-return, sale on approval,
consignment, Cash-on-delivery or any other repurchase or return basis or (iv)&nbsp;relates to payments of interest;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>(i)&nbsp;the
applicable Loan Party&rsquo;s right to receive payment is not absolute or is contingent upon the fulfillment of any condition whatsoever
(other than the preparation and delivery of an invoice) or (ii)&nbsp;as to which such Person is not able to bring suit or otherwise enforce
its remedies against the Account Debtor through judicial process;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>any
defense, counterclaim, set-off or dispute exists as to such Accounts Receivables, but only to the extent of such defense, counterclaim,
set-off or dispute;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>such
Accounts Receivable is not a true and correct statement of <I>bona fide </I>accounts payable or obligations incurred in the amount of
the Accounts Receivable for merchandise sold to or services rendered and accepted by the applicable Account Debtor;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>an
invoice, reasonably acceptable to the Administrative Agent in form and substance or otherwise in the form otherwise required by any
Account Debtor, has not been sent to the applicable Account Debtor in respect of such Accounts Receivable on or before the date as
of which such Accounts Receivable is first included in the Borrowing Base Certificate or otherwise reported to the Agents as
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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>such
Accounts Receivable (i)&nbsp;is not owned by a Loan Party or (ii)&nbsp;is not subject to the first priority, valid and perfected security
interest and Lien of the Collateral Agent, for and on behalf of itself 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 0pt 0in; text-align: justify; text-indent: 1in">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;such
Accounts Receivables is the obligation of an Account Debtor that is (i)&nbsp;a director, officer, other employee, or Affiliate of a
Loan Party or (ii)&nbsp;a natural 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 0in; text-align: justify; text-indent: 1in">(h)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>such
Accounts Receivable is the obligation of an Account Debtor that is any Governmental Authority;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in"> (i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Accounts Receivable subject to a partial payment 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 0pt 0in; text-align: justify; text-indent: 1in">(j)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>a
Loan Party is liable for goods sold or services rendered by the applicable Account Debtor to such Loan Party but only to the extent of
the potential offset;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">(k)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Accounts Receivables is not paid on or prior to ninety (90) days following the original invoice 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 0in; text-align: justify; text-indent: 1in">(l)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Accounts Receivables is not paid on or prior to sixty (60) days following the date on which such Accounts Receivables was due;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">(m)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>such
Accounts Receivable is the obligation of an Account Debtor from whom 50% or more of the amount of all Accounts Receivable owing by that
Account Debtor are ineligible under the criteria set forth in this definition;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">(n)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>any
of the representations or warranties in the Loan Documents with respect to such Accounts Receivable are untrue in any material respect
with respect to such Accounts Receivable (or, with respect to representations or warranties that are qualified by materiality, any of
such representations and warranties are untrue);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">(o)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>such
Accounts Receivable is evidenced by chattel paper or an instrument of any kind, or has been reduced to judgment;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">(p)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>such
Accounts Receivable, together with all other Accounts Receivable owing by such Account Debtor and its Affiliates as of any date of determination,
exceeds 30% of all Eligible Accounts Receivable (but only to the extent of such excess);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">(q)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>such
Accounts Receivables: (i)&nbsp;if of a Loan Party other than a Foreign Subsidiary, is payable in any currency other than Dollars and (ii)&nbsp;if
of a Loan Party that is a Foreign Subsidiary, is payable in any currency other than Dollars, United Kingdom Pounds and Euros;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">(r)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>such
Accounts Receivable has been redated, extended, compromised, settled or otherwise modified or discounted, except discounts or
modifications that are granted by a Loan Party in the ordinary course of business and that are reflected in the calculation of the
Borrowing Base;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">(s)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>such
Accounts Receivable is of an Account Debtor that is located in a state requiring the filing of a notice of business activities report
or similar report in order to permit a Loan Party to seek judicial enforcement in such state of payment of such Accounts receivable, unless
such Loan Party has qualified to do business in such state or has filed a notice of business activities report or equivalent report for
the then-current year or if such failure to file and inability to seek judicial enforcement is capable of being remedied without any material
delay or material cost;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">(t)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>such
Accounts Receivable was acquired or originated by a Person acquired in a Permitted Acquisition (until such time as the Administrative
Agent has completed a customary due diligence investigation as to such Accounts Receivable and such Person, which investigation may, at
the sole discretion of the Administrative Agent, include a field examination, and the Administrative Agent is satisfied with the results
thereof in its Permitted Discretion);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">(u)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Account Debtor with respect to any such Accounts Receivable is subject to an event of the type described in Section&nbsp;9.02(f)&nbsp;or
(g);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">(v)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>such
Accounts Receivable represents a sale on a bill-and-hold, guaranteed sale, sale and return, sale on approval, consignment or other repurchase
or return basis;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">(w)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>as
the Administrative Agent may agree, in its sole discretion, the Account Debtor is organized or has its principal offices or assets outside
the United States, Canada the United Kingdom, the Netherlands, Belgium or Germany unless such Accounts Receivable is backed by a letter
of credit reasonably acceptable to the Administrative Agent (which is issued by a bank reasonably acceptable to the Administrative Agent)
and such letter of credit is subject to a first priority perfected Lien in favor of the Administrative Agent;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">(x)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
portion, if any, of any Accounts Receivables that includes a billing for interest, fees or late charges;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">(y)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>such
Accounts Receivable is due from a Person which processes the sale of Inventory on behalf of the Loan Parties in connection with their
e-commerce 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 0in; text-align: justify; text-indent: 1in">(z)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>such
Accounts Receivable arises from any licensing, patent, royalty, trademark, trade name or copyright agreement with any third 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 0in; text-align: justify; text-indent: 1in">(aa)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239; any Accounts
Receivable which is owed by any Account Debtor which has sold all or substantially all of its assets;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">(bb)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239; any Accounts
Receivable which is owed by an Account Debtor that is an Ineligible Account Debtor unless, in any case, such Account is
(x)&nbsp;backed by a letter of credit reasonably acceptable to the Administrative Agent which is in the possession of, has been
assigned to and is directly drawable by the Administrative Agent or (y)&nbsp;covered by credit insurance reasonably acceptable to
the Administrative Agent; 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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">(cc)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239; any Accounts
Receivable which does not comply in all material respects with the requirements of all applicable laws and regulations, whether Federal,
state or local or applicable foreign 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 0in; text-align: justify">Any Accounts Receivables which are
not Eligible Accounts shall nevertheless be part of the Collateral. Prior to inclusion of any Accounts Receivable owned by Persons located
in Canada as Eligible Accounts Receivable, Personal Property Security Act filings shall have been made and this Agreement shall be amended
to provide for establishments of appropriate reserves to take into account, among others, any priority payables in Canada. Prior to inclusion
of any Accounts Receivables owned by Persons located in Germany as Eligible Accounts, Loan Documents, in form and substance acceptable
to the Administrative Agent, shall have been executed and this Agreement shall be amended to provide for establishments of appropriate
reserves to take into account, among others, any prior liens in Germany.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Eligible
Advances</U>&rdquo; the aggregate amount of Loans that would otherwise be available to be borrowed based upon the formulas set forth in
any Borrowing Base Certificate.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Eligible
Contract Participant</U>&rdquo; means an &ldquo;eligible contract participant&rdquo; as defined in the CEA and regulations thereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Eligible
In-Transit Inventory</U>&rdquo; means, as to the Loan Parties, without duplication of other Eligible Inventory,&nbsp;In-Transit Inventory
that is otherwise Eligible Inventory (without duplication of clause (w)&nbsp;of the term Eligible Inventory) :</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>which
has been shipped from a location outside of the United States, Canada, the United Kingdom, the Netherlands or Belgium for receipt by a
Loan Party in the United States, Canada, the United Kingdom, the Netherlands or Belgium, but which has not yet been delivered to such
Loan Party, which In-Transit Inventory, has been in transit for not greater than sixty (60) days from vendors and suppliers and that has
not yet been received into a location owned (or lease, and if leased not subject to a Landlord Waiver) by such Person in the United States,
Canada, the United Kingdom, the Netherlands or Belgium;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>for
which the purchase order is in the name of a Loan Party and title and risk of loss has passed 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 0pt 0in; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>for
which payment of the purchase price has been made by a Loan Party or the purchase price is supported by a commercial letter of credit;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>such
Inventory is not subject to any right or repudiation, reclamation or stoppage&nbsp;in transit; 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 0in; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>for
which an Acceptable Document of Title has been issued, and in each case as to which the Collateral Agent has control (as defined in
the Uniform Commercial Code) over the documents of title which evidence ownership of the subject Inventory pursuant to a Customs
Broker/Carrier 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 0pt 0in; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>which
is insured to the reasonable satisfaction of the Administrative Agent (including, without limitation, marine cargo insurance); 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 0in; text-align: justify; text-indent: 1in"> (g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;which otherwise would constitute Eligible Inventory;</P>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify">provided, that the Administrative Agent
in its Permitted Discretion may exclude any particular item of Inventory from Eligible In-Transit Inventory in the event that any such
In-Transit Inventory is not covered by adequate 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 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Eligible
Intellectual Property</U>&rdquo; shall mean, as to the Loan Parties,&nbsp;Intellectual Property deemed by the Administrative Agent and
the Collateral Agent to be eligible for inclusion in the calculation of the Borrowing Base and which, except as otherwise agreed by the
Administrative Agent and the Collateral Agent, satisfies all of the following conditions: (a)&nbsp;such Intellectual Property is validly
registered with the U.S. Patent and Trademark Office or the U.S. Copyright Office, as applicable; (b)&nbsp;a Loan Party owns such Intellectual
Property; (c)&nbsp;Loan Parties are in compliance in all material respects with the representations, warranties and covenants set forth
in this Agreement and the other Loan Documents relating to such Intellectual Property; (d)&nbsp;the Administrative Agent shall have received
evidence that all actions that the Administrative Agent may reasonably deem necessary or appropriate in order to create valid first and
subsisting Liens on such Intellectual Property (including, without limitation, filings at the U.S. Patent and Trademark Office or the
U.S. Copyright Office, as applicable) has been taken; and (e)&nbsp;the Administrative Agent shall have received an appraisal (and updates
to such appraisal as set forth in <U>Article&nbsp;III</U> hereof) of such Intellectual Property by a third party appraiser acceptable
to the Administrative Agent and the Collateral Agent and otherwise in form and substance satisfactory to 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 0pt 0in; text-align: justify; text-indent: 1in">General criteria
for Eligible Intellectual Property may be changed and any new criteria for Eligible Intellectual Property may be established by Administrative
Agent in its Permitted Discretion. Any Intellectual Property which is not deemed Eligible Intellectual Property shall nevertheless be
part of the 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 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Eligible Intellectual Property Advance
Rate</U>&rdquo; shall mean 50%.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">&ldquo;<U>Eligible
Inventory</U>&rdquo; means, as to each Loan Party,&nbsp;Inventory consisting of finished goods merchantable and readily saleable to the
public in the ordinary course of the business of such Person and deemed by the Administrative Agent in its Permitted Discretion to be
eligible for inclusion in the calculation of the Borrowing Base, in each case that are not excluded as ineligible by virtue of one or
more of the criteria set forth below. The following items of Inventory shall not be included in Eligible Inventory:</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">(a)</TD><TD>work-in-process;</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">(b)</TD><TD>raw materials;</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">(c)</TD><TD>spare parts for equipment;</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">(d)</TD><TD>packaging and shipping materials;</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">(e)</TD><TD>supplies used or consumed in such Person&rsquo;s business;</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 0in; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Inventory
located at premises owned and operated by a Person other than, and not leased by, a Loan Party, if the Administrative Agent shall not
have received a Landlord Waiver from the owner and operator with respect to such location, duly authorized, executed and delivered by
such owner and operator (or the Administrative Agent shall determine to accept a Landlord Waiver that does not include all required provisions
or provisions in the form otherwise required by the Administrative Agent), unless the Administrative Agent has, at its option, established
such Availability Reserves in respect of amounts at any time due or to become due to the owner and operator thereof as the Administrative
Agent shall determine in its Permitted Discretion;</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">(g)</TD><TD>bill and hold goods;</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">(h)</TD><TD>obsolete, unmerchantable, &ldquo;seconds&rdquo;, used, unfit for sale or slow moving Inventory;</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">(i)</TD><TD>Inventory which is not subject to the first priority, valid and perfected security interest of the Collateral Agent;</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">(j)</TD><TD>damaged and/or defective Inventory;</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">(k)</TD><TD>returned Inventory which is not held for sale 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: 0.5in">(l)</TD><TD>Inventory purchased or sold on consignment;</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 0in; text-align: justify; text-indent: 1in">(m)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Inventory
acquired in a Permitted Acquisition, unless (i)&nbsp;such Inventory otherwise meets the requirements of Eligible Inventory and
(ii)&nbsp;the Administrative Agent has completed or received (A)&nbsp;an appraisal of such Inventory from appraisers reasonably
satisfactory to the Administrative Agent, and established Inventory Reserves (if applicable) therefor and (B)&nbsp;such other due
diligence as the Administrative Agent may require in its Permitted Discretion, all of the results of the foregoing to be
satisfactory to the Administrative Agent in its Permitted Discretion (<I>provided</I>, it is agreed that so long as the
Administrative Agent has received reasonable prior notice of such Permitted Acquisition and the Loan Parties reasonably cooperate
(and cause the Person being acquired to reasonably cooperate) with the Administrative Agent, the Administrative Agent shall use
reasonable best efforts to complete such due diligence and a related appraisal on or prior to the closing date of such Permitted
Acquisition);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">(n)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Inventory
that is not solely owned by the applicable Loan Party or the applicable Loan Party does not have good and valid title 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 0in; text-align: justify; text-indent: 1in">(o)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>(i)&nbsp;if
of a Loan Party other than a Foreign Subsidiary,&nbsp;Inventory that is not located in the United States (excluding territories or
possessions of the United States) and (ii)&nbsp;if of a Loan Party that is a Foreign Subsidiary,&nbsp;Inventory that is not located
in the United States (excluding territories or possessions of the United States), Canada, the United Kingdom, the Netherlands or
Belgium;</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>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">(p) &#8239;&#8239;&#8239;&#8239;&#8239;custom
items;</P>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">(q)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>spare
parts, promotional, marketing, packaging and shipping materials or supplies used or consumed in a Loan Party&rsquo;s 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">(r) &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;samples,
labels, bags, packaging, and other similar non-merchandise categories;</P>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">(s) &#8239;&#8239;&#8239;&#8239;&#8239;Inventory
not in material compliance with all standards imposed by any Governmental Authority having regulatory authority over such Inventory,
its use or sale;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">(t) &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Inventory
that is not insured in compliance 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">(u)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Inventory
that has been sold but not yet delivered or as to which a Loan Party has accepted a deposit;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">(v)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Inventory
that is subject to any licensing, patent, royalty, trademark, trade name or copyright agreement with any third party from which a Loan
Party or any of its Subsidiaries has received notice of a dispute in respect of any such agreement (but ineligibility shall be limited
to the amount of such dispute);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">(w) &#8239;&#8239;&#8239;&#8239;In-Transit
Inventory that is not Eligible In-Transit Inventory; 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">(x)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>except
as otherwise agreed by the Administrative Agent in its Permitted Discretion,&nbsp;Inventory that represents goods that do not conform
in all material respects to the representations and warranties contained in this Agreement or any 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">Any Inventory which
is not Eligible Inventory shall nevertheless be part of the Collateral. Prior to inclusion of any Inventory located in Canada as Eligible
Inventory, Personal Property Security Act filings shall have been made and this Agreement shall be amended to provide for establishments
of appropriate reserves to take into account, among others, any priority payables in Canada.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Eligible
Inventory Advance Rate</U>&rdquo; shall mean 90% of the net orderly liquidation value of Domestic Inventory and 85% of the net orderly
liquidation value of Foreign Inventory of the Loan Parties.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Eligible
Transferee</U>&rdquo; means (a)&nbsp;any Lender, any Affiliate of a Lender, and any Related Fund of a Lender, (b)&nbsp;any other Person
other than (i)&nbsp;a natural Person or (ii)&nbsp;Loan Party, or Affiliate of a Loan Party, or Subsidiary of a 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Employee
Plan</U>&rdquo; means an employee benefit plan (other than a Multiemployer Plan), regardless of whether subject to ERISA, that any Loan
Party or any of its ERISA Affiliates maintains, sponsors or contributes to or is obligated to contribute to or otherwise has any liability.</P>

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

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

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    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>English
Obligor</U>&rdquo; means each of and collectively, (a)&nbsp;Sahara Holdings Limited, a company incorporated under English law with company
number 03947832 and (b)&nbsp;Sahara Presentation Systems Ltd, a company incorporated under English law with company number 01335211.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Environmental
Actions</U>&rdquo; means any written complaint, summons, citation, notice, directive, order, claim, litigation, investigation, judicial
or administrative proceeding, judgment, letter or other written communication from any Person or Governmental Authority to any Loan Party
involving violations of, non-compliance with or liability under any Environmental Laws or Releases of Hazardous Materials (a)&nbsp;from
any assets, properties or businesses owned or operated by any Loan Party or its Subsidiaries; (b)&nbsp;from adjoining properties or businesses;
or (c)&nbsp;onto any facilities which received Hazardous Materials generated by any Loan Party or its Subsidiaries or any predecessor
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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Environmental
Indemnified Matters</U>&rdquo; has the meaning specified therefor in <U>Section&nbsp;12.15(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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Environmental
Laws</U>&rdquo; means the Comprehensive Environmental Response, Compensation and Liability Act (42 U.S.C. &sect; 9601, <U>et seq</U>.),
the Hazardous Materials Transportation Act (49 U.S.C. &sect; 1801, <U>et seq</U>.), the Resource Conservation and Recovery Act (42 U.S.C.
&sect; 6901, <U>et seq</U>.), the Federal Clean Water Act (33 U.S.C. &sect; 1251 <U>et seq</U>.), the Clean Air Act (42 U.S.C. &sect;
7401 <U>et seq</U>.), the Toxic Substances Control Act (15 U.S.C. &sect; 2601 <U>et seq</U>.) and the Occupational Safety and Health
Act (29 U.S.C. &sect; 651 <U>et seq</U>.), as such laws may be amended or otherwise modified from time to time, and any other Requirement
of Law, permit, license or other binding determination of any Governmental Authority imposing liability or establishing standards of
conduct for protection of the environment or other binding government restrictions relating to the protection of the environment or the
Release, deposit or migration of any Hazardous Materials into the environment or the pollution or protection of the environment, any
environmental media, natural resources, human health or safety, or the manufacture, use, handling, processing, distribution, labeling,
generation, transportation, storage, treatment, release, threatened release, disposal or arranging for the disposal of, or exposure to,
any Hazardous Materials.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Environmental
Liabilities and Costs</U>&rdquo; means all liabilities (contingent or otherwise), monetary obligations, Remedial Actions, losses, damages,
punitive damages, consequential damages, treble damages, costs and expenses (including all reasonable fees, disbursements and expenses
of counsel, experts and consultants and costs of investigations and feasibility studies), fines, penalties, sanctions and interest, arising
directly or indirectly, which relate to any violation of Environmental Laws or a Release of Hazardous Materials from or onto (i)&nbsp;any
property presently or formerly owned by any Loan Party or (ii)&nbsp;any facility which received Hazardous Materials generated by any
Loan Party or any Environmental Law or Environmental Actions.</P>

<P STYLE="font: 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Environmental
Lien</U>&rdquo; means any Lien in favor of any Governmental Authority for Environmental Liabilities and Costs.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Equity
Interest</U>&rdquo; means (a)&nbsp;with respect to any Person that is a corporation, any and all shares of capital stock, interests,
participations or other equivalents (however designated and whether or not voting) of corporate stock, and (b)&nbsp;with respect to any
Person that is not a corporation, any and all partnership, membership or other equity interests 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Equity
Issuance</U>&rdquo; means either (a)&nbsp;the sale or issuance by any Loan Party of any shares of its Equity Interests or (b)&nbsp;the
receipt by the Borrower of any cash capital contributions, in each case, excluding any debt securities convertible into 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>ERISA</U>&rdquo;
means the Employee Retirement Income Security Act of 1974, as amended, and any successor statute of similar import, and regulations thereunder,
in each case, as in effect from time to time. References to sections of ERISA shall be construed also to refer to any successor sections.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>ERISA
Affiliate</U>&rdquo; means, with respect to any Person, any trade or business (whether or not incorporated) which is a member of a group
of which such Person is a member and which would be deemed to be a &ldquo;controlled group&rdquo; within the meaning of Sections 414
of the Internal Revenue Code or Section&nbsp;4001 of ERISA.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Event
of Default</U>&rdquo; means any of the events set forth in <U>Section&nbsp;9.01</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Excess
Cash Flow</U>&rdquo; means, with respect to the Loan Parties for any period, (a) Consolidated Adjusted EBITDA of such Loan Parties for
such period, <U>less</U> (b)&nbsp;the sum of (without duplication):</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(i)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>all
cash principal payments (excluding any principal payments made pursuant to Section&nbsp;2.05(a)&nbsp;or Section&nbsp;2.05(b)) made to
the Lenders and all cash principal payments on other Indebtedness (other than the Term Loans) (but, in the case of revolving loans, only
to the extent that the revolving credit commitment in respect thereof is permanently reduced by the amount of such payments) of such
Loan Parties during such period to the extent such other Indebtedness is permitted to be incurred, and such payments are permitted to
be made, 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 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(ii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>all
Consolidated Net Interest Expense to the extent paid or payable in cash during such period,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(iii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT></FONT>all
payments paid in cash during such period of Capital Expenditures by such Loan Parties to the extent permitted to be made under this Agreement
(excluding Capital Expenditures to the extent financed through the incurrence of Indebtedness or through the issuance of 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 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(iv)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT></FONT>all
scheduled loan servicing fees and other similar fees in respect of Indebtedness of such Loan Parties paid in cash during such period,
to the extent such Indebtedness is permitted to be incurred, and such payments are permitted to be made, 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 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(v)&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>income
taxes paid in cash by such Loan Parties for such period, and</P>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(vi)</FONT>
&#8239;&#8239;&#8239;the aggregate amount paid by the Loan Parties and their Subsidiaries in cash during such period on account of Permitted
Acquisitions (excluding the portion of such payments financed through the incurrence of Indebtedness or through the issuance of 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Excluded Accounts</U>&rdquo; means any Petty Cash Account
and any other deposit account used exclusively for (a)&nbsp;funding payroll or segregating payroll taxes or funding other employee wage
or benefit payments, (b)&nbsp;segregating 401(k)&nbsp;contributions or contributions to an employee stock purchase plan or (c)&nbsp;funding
other employee health and benefit plans.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Excluded
Hedge Liability or Liabilities</U>&rdquo; means, with respect to each Guarantor, each of its Swap Obligations if, and only to the extent
that, all or any portion of this Agreement or any other Loan Document that relates to such Swap Obligation is or becomes illegal under
the CEA, or any rule, regulation or order of the CFTC, solely by virtue of such Guarantor&rsquo;s failure to qualify as an Eligible Contract
Participant for such Swap. Notwithstanding anything to the contrary contained in the foregoing or in any other provision of this Agreement
or any Other Document, the foregoing is subject to the following provisos: (a)&nbsp;if a Swap Obligation arises under a master agreement
governing more than one Swap, this definition shall apply only to the portion of such Swap Obligation that is attributable to Swaps for
which such guaranty or security interest is or becomes illegal under the CEA, or any rule, regulations or order of the CFTC, solely as
a result of the failure by such Borrower or Guarantor for any reason to qualify as an Eligible Contract Participant for such Swap; (b)&nbsp;if
a guarantee of a Swap Obligation would cause such obligation to be an Excluded Hedge Liability but the grant of a security interest would
not cause such obligation to be an Excluded Hedge Liability, such Swap Obligation shall constitute an Excluded Hedge Liability for purposes
of the guaranty but not for purposes of the grant of the security interest; and (c)&nbsp;if there is more than one Guarantor executing
this Agreement or the Other Documents and a Swap Obligation would be an Excluded Hedge Liability with respect to one or more of such
Persons, but not all of them, the definition of Excluded Hedge Liability or Liabilities with respect to each such Person shall only be
deemed applicable to (i)&nbsp;the particular Swap Obligations that constitute Excluded Hedge Liabilities with respect to such Person,
and (ii)&nbsp;the particular Person with respect to which such Swap Obligations constitute Excluded Hedge Liabilities.</P>

<P STYLE="font: 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Excluded
Subsidiary</U>&rdquo; means (a)&nbsp;any Subsidiary that is prohibited by law, rule&nbsp;or regulation from providing a guarantee or
that would require a governmental (including regulatory) consent, approval, license or authorization in order to provide such guarantee
(including under any financial assistance, corporate benefit, thin capitalization, capital maintenance, liquidity maintenance or similar
legal principles), it being understood that the Borrower and its Subsidiaries shall use their commercially reasonable efforts to obtain
any such consent, approval, license or authorization, (b)&nbsp;so long as the following Subsidiaries are solely sales offices with five
or less employees, maintain no inventory or other Collateral (other than employee computers), maintain no bank accounts, have no material
operations and revenue that are <I>de minimis</I>, Sahara Nordic OY, a Finland company, Sahara Nordic AB, a Sweden company, Sedao Limited,
an English company, Boxlight Latinoamerica, SA DE CV, a Mexican company, Boxlight Latinoamerica, SA Servicios SA DE CV, a Mexican company,
(c)&nbsp;so long as the following Subsidiaries have five or less employees each, maintain no inventory or other assets (other than cash)
in an aggregate amount greater than $<FONT STYLE="color: red"><STRIKE>3,000,000</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">50,000</FONT>
and maintain no bank accounts that at any time have a cash balance exceeding $<FONT STYLE="color: red"><STRIKE>250,00</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">50,000</FONT>
in the aggregate, Sahara Presentation Systems GmbH, a German company<FONT STYLE="color: red"><STRIKE>,</STRIKE></FONT> <FONT STYLE="text-decoration: underline double; color: blue">and</FONT>
Boxlight Denmark APS<FONT STYLE="color: red"><STRIKE>; Boxlight Australia PTY LTD and Boxlight Canada,&nbsp;Inc.</STRIKE></FONT>; <I>provided
</I>that the Administrative Agent shall have the right to require each such entity to become a Loan Party at any time on fifteen (15)
days&rsquo; notice and (d)&nbsp;any other Subsidiary designated at the request of the Borrower, and consented to in writing by the Required
Lenders in their sole discretion.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Excluded
Taxes</U>&rdquo; means any of the following Taxes imposed on or with respect to a Recipient or required to be withheld or deducted from
a payment to a Recipient, (a)&nbsp;Taxes imposed on or measured by net income (however denominated), franchise Taxes and branch profits
Taxes, in each case, (i)&nbsp;imposed as a result of such Recipient being organized under the laws of, or having its principal office
or, in the case of any Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or any political subdivision
thereof) or (ii)&nbsp;that are Other Connection Taxes, (b)&nbsp;in the case of a Lender, U.S. federal withholding Taxes imposed on amounts
payable to or for the account of such Lender with respect to an applicable interest in a Term Loan or Commitment pursuant to a law in
effect on the date on which (i)&nbsp;such Lender acquires such interest in the Term Loan or Commitment (other than pursuant to an assignment
under Section&nbsp;12.02(b)) or (ii)&nbsp;such Lender changes its lending office, except in each case to the extent that, pursuant to
<U>Section&nbsp;2.08</U>, amounts with respect to such Taxes were payable either to such Lender&rsquo;s assignor immediately before such
Lender became a party hereto or to such Lender immediately before it changed its lending office, (c)&nbsp;Taxes attributable to such
Recipient&rsquo;s failure to comply with <U>Section&nbsp;2.08(d)</U>, and (d)&nbsp;any U.S. federal withholding Taxes imposed under FATCA.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Executive
Order No.&nbsp;13224</U>&rdquo; means the Executive Order No.&nbsp;13224 on Terrorist Financing, effective September&nbsp;24, 2001, as
the same has been, or shall hereafter be, renewed, extended, amended or replaced.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Exit Fee</U>&rdquo; has the meaning given to
it in the <FONT STYLE="color: red"><STRIKE>Amendment</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">Amended</FONT>
and Restated 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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Extraordinary
Receipts</U>&rdquo; means any cash received by the Borrower or any of its Subsidiaries in connection with the following: (a)&nbsp;foreign,
United States, state or local tax refunds, (b)&nbsp;pension plan reversions, (c)&nbsp;proceeds of insurance and insurance claim refunds,
including any representations and warranty insurance (excluding (i)&nbsp;insurance proceeds received which are owed to a third party
(including legal, accounting and other professional and transaction fees arising from events giving rise to such proceeds) that is not
an Affiliate of the Borrower or any of its Subsidiaries in accordance with applicable Requirements of Law or with Contractual Obligations
entered into by the Loan Parties or their Subsidiaries from time to time in the ordinary course of business, (ii)&nbsp;business interruption
insurance proceeds (if any) and (iii)&nbsp;insurance proceeds received by the Borrower or any of its Subsidiaries as reimbursement for
any out-of-pocket costs incurred or made by such Person prior to the receipt thereof directly related to the event resulting from the
payment of such proceeds), (d)&nbsp;judgments, proceeds of settlements or other consideration of any kind in connection with any cause
of action (excluding, any portion thereof that represents out-of-pocket expenses by such Person), (e)&nbsp;condemnation awards (and payments
in lieu thereof) (excluding any portion thereof that represents out-of-pocket expenses by such Person), (f)&nbsp;indemnity payments to
the extent the amount received is not required to be remitted to any other Person (other than any Affiliate of the Borrower or any of
its Subsidiaries) and to the extent such proceeds exceed the loss, damages, fees, costs and expenses incurred by or actual remediation
and replacement costs of the applicable Loan Party or Subsidiary in connection with any such matter or (g)&nbsp;any purchase price adjustments
received.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Facility</U>&rdquo;
means a parcel of real property owned in fee simple and described on <U>Schedule 6.01(o)</U>, including, without limitation, the land
on which such facility or office is located, all buildings and other improvements thereon, all fixtures located at or used in connection
with such facility or office, all whether now or hereafter existing.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>FASB ASC</U>&rdquo;
means the Accounting Standards Codification of the Financial Accounting Standards Board.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>FATCA</U>&rdquo;
means Sections 1471 through 1474 of the Internal Revenue Code, as of the date of this Agreement (or any amended or successor version
that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations
thereof, any agreements entered into pursuant to Section&nbsp;1471(b)(1)&nbsp;of the Internal Revenue Code, any intergovernmental agreement
entered into in connection with the foregoing and any legislation, regulations or official rules&nbsp;or practices adopted pursuant to
any such intergovernmental 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>FCPA</U>&rdquo; has the meaning specified therefor
in <U>Section&nbsp;6.01(ff)</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>February&nbsp;2023
Repayment</U>&rdquo; has the meaning specified therefor in <U>Section 2.05(c)(viii)</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Federal
Funds Effective Rate</U>&rdquo; means, for any day, the rate per annum (based on a year of 360 days and actual days elapsed and rounded
upward to the nearest 1/100 of 1%) equal to the weighted average of the rates on overnight federal funds transactions, as published by
the Federal Reserve Bank of New York on the Business Day next succeeding such day; <I>provided </I>that (a)&nbsp;if such day is not a
Business Day, the Federal Funds Effective Rate for such day shall be such rate on such transactions on the next preceding Business Day
as so published on the next succeeding Business Day and (b)&nbsp;if no such rate is so published on such next succeeding Business Day,
the Federal Funds Effective Rate for such day shall be the average of the quotations (rounded upward, if necessary, to a whole multiple
of 1/100 of 1%) for the day of such transactions received by the Administrative Agent from three federal funds brokers of recognized
standing selected by the Administrative Agent. The Federal Funds Effective Rate shall be deemed equal to 0% if such rate, as otherwise
determined above, would be less than 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>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Fee Letter</U>&rdquo;
means that certain Fee Letter, dated as of the Effective Date and as amended on the First Amendment Effective Date, by and among the
Borrower, the other Loan Parties and the Administrative Agent, 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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Field Examination</U>&rdquo;
has the meaning specified therefor in <U>Section&nbsp;3.05(a)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Fifth Amendment</U>&rdquo; means the Fifth Amendment to
this Agreement dated as of March&nbsp;14, 2024.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Fifth Amendment Effective
Date</U>&rdquo; means March&nbsp;14, 2024.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Final
Maturity Date</U>&rdquo; means the earliest of (i)&nbsp;<FONT STYLE="color: red"><STRIKE>December&nbsp;31</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">April&nbsp;1</FONT>,
<FONT STYLE="color: red"><STRIKE>2025</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">2027</FONT>, (ii)&nbsp;November&nbsp;29,
2024, if on or before such date, all outstanding amount of April/June&nbsp;2024 Bridge Loans and all fees (including any capitalized
fees), interest, premiums and other amount due with respect to the April/June&nbsp;2024 Bridge Loans is not paid in full by such date,
(iii)&nbsp;March&nbsp;2025 Bridge Loan Maturity Date, if on or before such date, all outstanding amount of March&nbsp;2025 Bridge Loan
and all fees (including any capitalized fees), interest, premiums and other amount due with respect to the March&nbsp;2025 Bridge Loan
is not paid in full by such date (iv)&nbsp;the date on which all Loans shall become due and payable in accordance with the terms of this
Agreement, and (v)&nbsp;the payment in full of all Obligations (other than contingent indemnification obligations as to which no claim
has been made) and the termination of all 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Financial
Advisor</U>&rdquo; shall mean a financial advisor or similar consultant reasonably acceptable to the Administrative Agent retained by
the Borrower pursuant to an engagement letter containing terms and conditions reasonably acceptable to the Administrative Agent (the
&ldquo;<U>Financial Advisor Engagement Letter</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Financial
Advisor Engagement Letter</U>&rdquo; shall have the meaning specified in the definition of &ldquo;Financial Advisor&rdquo;.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Financial
Statements</U>&rdquo; means (a)&nbsp;the audited consolidated balance sheet of the Borrower and its Subsidiaries for the Fiscal Year
ended December&nbsp;31, 2020, and the related consolidated statement of operations, shareholders&rsquo; equity and cash flows for the
Fiscal Year then ended, and (b)&nbsp;the unaudited consolidated balance sheet of the Borrower and its Subsidiaries as at September&nbsp;30,
2021, and the related consolidated statement of operations, shareholder&rsquo;s equity and cash flows for the nine months then ended.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>First
Amendment</U>&rdquo; means the First Amendment to Credit Agreement dated as of the First Amendment Effective Date between the Borrower,
the Guarantors, the Lenders party thereto 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>First Amendment Effective
Date</U>&rdquo; means April&nbsp;4, 2022.</P>

<P STYLE="font: 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in"><FONT STYLE="color: red"><STRIKE>&ldquo;</STRIKE></FONT><U>Fiscal
Year</U><FONT STYLE="color: red"><STRIKE>&rdquo; means the fiscal year</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">,&rdquo;
&ldquo;Fiscal Quarter,&rdquo; and &ldquo;Fiscal Month&rdquo; mean each</FONT> of the Borrower and its Subsidiaries <FONT STYLE="color: red"><STRIKE>ending
on December&nbsp;31 of each year.</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">fiscal year, fiscal quarter,
and fiscal month, as applicable</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Fixed
Charge Coverage Ratio</U>&rdquo; means, at the end of each Fiscal Year of the Loan Parties, the ratio of (a)&nbsp;Consolidated Adjusted
EBITDA of the Loan Parties for the four consecutive fiscal quarter period ending prior to such dates minus Capital Expenditures (but
not less than zero) made by the Loan Parties during such period to (b)&nbsp;Consolidated Fixed Charges for the four consecutive fiscal
quarter period ending prior to such dates.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Floor</U>&rdquo; means <FONT STYLE="color: red"><STRIKE>1</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">4.25</FONT>%,
per annum.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Flow of
Funds Authorization</U>&rdquo; means a funding authorization letter, dated the Effective Date, made by the Borrower in favor of the Administrative
Agent, and the funds flow memorandum attached thereto describing the sources and uses of all cash payments in connection with 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Foreign
Accounts Receivable</U>&rdquo; means the Eligible Accounts Receivable of any Foreign Subsidiary that is a 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Foreign
Inventory</U>&rdquo; mean the Inventory of the Borrower and any Foreign Subsidiary that is not located in the United States of America
(other than any territory thereof), any state thereof or the District of Columbia.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Foreign
Lender</U>&rdquo; has the meaning specified therefor in <U>Section&nbsp;2.07(d)(ii)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Foreign Subsidiary</U>&rdquo; means
any Subsidiary of the Borrower that is not a Domestic Subsidiary.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Fourth Amendment</U>&rdquo;
means the Fourth Amendment to this Agreement dated as of June&nbsp;26, 2023.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Fourth Amendment Effective Date</U>&rdquo; means
June&nbsp;26, 2023.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>FrontRow</U>&rdquo; has the meaning specified therefor in the recitals hereto.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Funding Losses</U>&rdquo;
has the meaning specified therefor in <U>Section&nbsp;2.12</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>GAAP</U>&rdquo; means generally
accepted accounting principles in effect from time to time in the United States, applied on a consistent basis.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Governing
Documents</U>&rdquo; means, (a)&nbsp;with respect to any corporation, the certificate or articles of incorporation and the bylaws (or
equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b)&nbsp;with respect to any limited liability
company, the certificate or articles of formation or organization, the operating agreement, any deed of incorporation (<I>oprichtingsakte</I>),
any articles of association (<I>statuten</I>), any shareholders&rsquo; register (<I>aandeelhoudersregister</I>), any regulations and/or
rules&nbsp;(<I>reglementen en/of andere regels</I>) and an up-to-date extract from the Dutch Commercial Register; (c)&nbsp;with respect
to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture agreement, declaration or other
applicable agreement or documentation evidencing or otherwise relating to its formation or organization; and (d)&nbsp;with respect to
any of the entities described above, any other 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.</P>

<P STYLE="font: 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Governmental
Authority</U>&rdquo; means any nation or government, any Federal, state, city, town, municipality, county, local or other political subdivision
thereof or thereto and any department, commission, board, bureau, instrumentality, agency or other entity acting within its legal authority
and exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government
(including, without limitation, the SEC, any supra-national bodies such as the European Union or the European Central Bank or any arbitral
tribunal (public or private)).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Governmental
Order</U>&rdquo; means any order, writ, judgment, injunction, decree, stipulation, determination, decision, verdict or award issued,
made, rendered or entered by or with any Governmental Authority.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Guaranteed Obligations</U>&rdquo;
has the meaning specified therefor in <U>Section&nbsp;11.01</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Guarantor</U>&rdquo; has
the meaning specified therefor in the preamble hereto, it being understood and agreed that no Excluded Subsidiaries of the Borrower shall
be 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Guaranty</U>&rdquo;
means (a)&nbsp;the guaranty of each Guarantor party hereto contained in <U>ARTICLE&nbsp;XI</U> hereof and (b)&nbsp;each other guaranty,
in form and substance reasonably satisfactory to the Collateral Agent, made by any other Guarantor guaranteeing all or part 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Hazardous
Material</U>&rdquo; means (a)&nbsp;any element, material, substance, compound or chemical that is defined, listed or otherwise classified
as a contaminant, pollutant, toxic pollutant, toxic or hazardous substance, extremely hazardous substance or chemical, hazardous waste,
special waste, or solid waste under Environmental Laws; (b)&nbsp;any pollutant, contaminant, waste, hazardous waste, toxic substance
or dangerous good which is defined in or regulated as such by any Environmental Law and which is present in the environment in such quantity
or state that it contravenes any Environmental Law; (c)&nbsp;petroleum and its refined products; (d)&nbsp;polychlorinated biphenyls;
(e)&nbsp;any substance exhibiting a hazardous waste characteristic, including, without limitation, corrosivity, ignitability, toxicity
or reactivity as well as any radioactive or explosive materials; and (f)&nbsp;any raw materials, building components (including, without
limitation, asbestos-containing materials, lead or lead-containing materials, urea formaldehyde-containing materials, radioactive materials,
radon, per- and polyfluoroalkyl substances and toxic mold) and manufactured products containing hazardous substances listed or classified
as such under Environmental 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Hedging
Agreement</U>&rdquo; means any interest rate, foreign currency, commodity or equity swap, collar, cap, floor, adjustable strike cap,
adjustable strike corridor, cross-currency swap or forward rate agreement, or other agreement or arrangement designed to protect against
fluctuations in interest rates or currency, commodity or equity values (including, without limitation, any option with respect to any
of the foregoing and any combination of the foregoing agreements or arrangements, and (without limiting the generality of any of the
foregoing) specifically including any foreign exchange transaction, including spot and forward foreign currency purchases and sales,
listed or over-the-counter options on foreign currencies, non-deliverable forwards and options, foreign currency swap agreements, and
currency exchange rate price hedging arrangements), and any confirmation executed in connection with any such agreement or arrangement.</P>

<P STYLE="font: 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Highest
Lawful Rate</U>&rdquo; means, with respect to any Agent or any Lender, the maximum non-usurious interest rate, if any, that at any time
or from time to time may be contracted for, taken, reserved, charged or received on the Obligations under laws applicable to such Agent
or such Lender which are currently in effect or, to the extent allowed by law, under such applicable laws which may hereafter be in effect
and which allow a higher maximum non-usurious interest rate than applicable laws now allow.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Holdout Lender</U>&rdquo; has the meaning specified
therefor in <U>Section&nbsp;12.02(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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>In-Transit
Inventory</U>&rdquo; means Inventory in transit within or outside of the United States, Canada, the United Kingdom, the Netherlands or
Belgium to a Loan Party from vendors and suppliers that has not yet been received into a location owned (or leased, and if leased not
subject to a Landlord Waiver) by such Person.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Indebtedness</U>&rdquo;
means, with respect to any Person, without duplication, (a)&nbsp;all indebtedness of such Person for borrowed money; (b)&nbsp;all obligations
of such Person for the deferred purchase price of property or services (other than trade payables and accrued expenses or other accounts
payable incurred in the ordinary course of such Person&rsquo;s business and not outstanding for more than 90 days after the date such
payable was created); (c)&nbsp;all obligations of such Person evidenced by bonds, debentures, notes or other similar instruments or upon
which interest payments are customarily made; (d)&nbsp;all reimbursement, payment or other obligations and liabilities of such Person
created or arising under any conditional sales or other title retention agreement with respect to property used and/or acquired by such
Person, even though the rights and remedies of the lessor, seller and/or lender thereunder may be limited to repossession or sale of
such property, (e)&nbsp;all Capitalized Lease Obligations of such Person; (f)&nbsp;all obligations and liabilities, contingent or otherwise,
of such Person, in respect of letters of credit, acceptances and similar facilities other than obligations and liabilities that are cash
collateralized on terms reasonably satisfactory to the Required Lenders; (g)&nbsp;all net obligations and liabilities, calculated on
a basis reasonably satisfactory to the Collateral Agent and in accordance with accepted practice, of such Person under Hedging Agreements;
(h)&nbsp;all monetary obligations under any receivables factoring, receivable sales or similar transactions and all monetary obligations
under any synthetic lease, tax ownership/operating lease, off-balance sheet financing or similar financing; (i)&nbsp;all Contingent Obligations;
(j)&nbsp;all Disqualified Equity Interests; and (k)&nbsp;all obligations referred to in clauses (a)&nbsp;through (j)&nbsp;of this definition
of another Person secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured
by) a Lien upon property owned by such Person, even though such Person has not assumed or become liable for the payment of such Indebtedness,
<U>provided</U>, however that if recourse in respect of any Indebtedness of the foregoing is limited to specific assets, then such Indebtedness
shall be deemed to be equal to the lesser of (x)&nbsp;the aggregate unpaid amount of such Indebtedness and (y)&nbsp;the fair market value
of the asset encumbered thereby as determined by such Person in good faith; <I>provided further</I>, that Indebtedness shall not include
(i)&nbsp;purchase price holdbacks arising in the ordinary course of business in respect of a portion of the purchase price of an asset
to satisfy warranties or other unperformed obligations of the seller of such asset, (ii)&nbsp;endorsements of checks or drafts arising
in the ordinary course of business, (iii)&nbsp;preferred Equity Interests to the extent not constituting Disqualified Equity Interests
and (iv)&nbsp;any earnout or similar purchase price obligation until such obligation is required to be reflected on the balance sheet
of such Person in accordance with GAAP. The Indebtedness of any Person shall include the Indebtedness of any partnership of or joint
venture in which such Person is a general partner or a joint venturer, so long as, in the case of a joint venture, such Indebtedness
is recourse to any Loan Party. For the avoidance of doubt, &ldquo;Indebtedness&rdquo; shall exclude operating leases.</P>

<P STYLE="font: 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Indemnified Matters</U>&rdquo;
has the meaning specified therefor in <U>Section&nbsp;12.15(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Indemnified Taxes</U>&rdquo;
means (a)&nbsp;Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on account of any obligation of
any Loan Party under any Loan Document and (b)&nbsp;to the extent not otherwise described in clause (a), Other Taxes.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Indemnitees</U>&rdquo; has
the meaning specified therefor in <U>Section&nbsp;12.15(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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Ineligible
Account Debtors</U>&rdquo; means any Account Debtor which (i)&nbsp;does not maintain its chief executive office in the United States,
the United Kingdom, Canada, the Netherlands or Belgium or (ii)&nbsp;is not organized under applicable law of the United States, the United
Kingdom, Canada, the Netherlands or Belgium or any state or province 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Ineligible
Institutions</U>&rdquo; means (a)&nbsp;a Competitor designated in writing by the Borrower, delivered to the Administrative Agent,
(b)&nbsp;those other entities designated in writing by the Borrower, delivered to the Administrative Agent and agreed to by the
Required Lenders or (c)&nbsp;in the case of clauses (a)&nbsp;and (b), any of their respective Affiliates that are (i)&nbsp;readily
identifiable as Affiliates on the basis of their name or (ii)&nbsp;identified by name by the Borrower to the Administrative Agent in
writing 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Initial Term Loan</U>&rdquo;
means, collectively, the loans in an aggregate initial principal amount of $58,500,000 made by the Initial Term Loan Lenders to the Borrower
on the Effective Date pursuant to <U>Section&nbsp;2.01(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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Initial
Term Loan Commitment</U>&rdquo; means, with respect to each Initial Term Loan Lender, the commitment of such Lender to make the Initial
Term Loan on the Effective Date to the Borrower in the amount set forth under the heading &ldquo;Initial Term Loan&rdquo; in <U>Schedule
1.01(A)</U>&nbsp;hereto, as the same may be terminated or reduced 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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Initial Term Loan Lender</U>&rdquo;
means a Lender with an Initial Term Loan Commitment or an Initial Term 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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Insolvency
Proceeding</U>&rdquo; means any proceeding commenced by or against any Person under any provision of any Debtor Relief Law, including,
without limitation, any UK Insolvency 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Insolvency
Regulation</U>&rdquo; means Regulation (EU) 2015/848 of the European Parliament and of the Council of 20 May&nbsp;2015 on insolvency
proceedings (recast).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Intellectual
Property</U>&rdquo; means &ldquo;Intellectual Property&rdquo; as defined 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Intellectual
Property Reserves</U>&rdquo; means such reserves as the Administrative Agent from time to time determine in the Administrative Agent&rsquo;s
Permitted Discretion as being appropriate to reflect the impediments to the Administrative Agent&rsquo;s and the Lenders&rsquo; ability
to realize upon any Eligible Intellectual Property or to reflect claims and liabilities that the Administrative Agent determines will
need to be satisfied in connection with the realization upon any Eligible 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Intercompany
Subordination Agreement</U>&rdquo; means an Intercompany Subordination Agreement made by the Loan Parties in favor of the Collateral
Agent for the benefit of the Agents and the Lenders, in form and substance reasonably satisfactory to the Collateral Agent and 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Interest
Period</U>&rdquo; means, with respect to each SOFR Loan, a period commencing on the date of the making of such SOFR Loan (or the continuation
of a SOFR Loan or the conversion of a Reference Rate Loan to a SOFR Loan) and ending three months thereafter; <I>provided, however</I>,
that (a)&nbsp;if any Interest Period would end on a day that is not a Business Day, such Interest Period shall be extended (subject to
clauses (c)-(e)&nbsp;below) to the next succeeding Business Day, (b)&nbsp;interest shall accrue at the applicable rate based upon the
Term SOFR from and including the first day of each Interest Period to, but excluding, the day on which any Interest Period expires, (c)&nbsp;any
Interest Period that would 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 next preceding Business Day, (d)&nbsp;with
respect to an 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), the Interest Period shall end on the last Business Day of
the calendar month that is three months after the date on which the Interest Period began, as applicable, and (e)&nbsp;the Borrower may
not elect an Interest Period which will end after the Final 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Interim
Mid-Month Borrowing Base Certificate</U>&rdquo; has the meaning specified therefor in <U>Section&nbsp;3.02(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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Interim
Monthly Borrowing Base Roll Forward</U>&rdquo; has the meaning specified therefor in Section&nbsp;3.02(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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Internal
Revenue Code</U>&rdquo; means the Internal Revenue Code of 1986, as amended (or any successor statute thereto) and the regulations 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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Inventory</U>&rdquo;
means, with respect to any Person, all goods and merchandise of such Person, including, without limitation, all raw materials, work-in-process,
packaging, supplies, materials and finished goods of every nature used or usable in connection with the shipping, storing, advertising
or sale of such goods and merchandise, whether now owned or hereafter acquired.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Inventory Appraisal</U>&rdquo;
has the meaning specified therefor in <U>Section&nbsp;3.05</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Inventory
Reserves</U>&rdquo; means (a)&nbsp;such reserves as may be established from time to time by the Administrative Agent in its
Permitted Discretion, with respect to changes in the determination of the saleability, at retail, of the Eligible Inventory or which
reflect such other factors as negatively affect the market value of the Eligible Inventory and (b)&nbsp;Shrink Reserves.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Investment</U>&rdquo;
has the meaning specified therefor in <U>Section&nbsp;7.02(e)</U>; <I>provided </I>that the amount of any Investment shall be the original
cost of such Investment plus the cost of all additions thereto, less all returns of principal and other cash returns 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Investor</U>&rdquo; has the meaning specified
therefor in <U>Section&nbsp;6.01(ll)</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Joinder
Agreement</U>&rdquo; means a Joinder Agreement, substantially in the form of <U>Exhibit&nbsp;A</U>, duly executed by a Subsidiary of
a Loan Party made 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Judgment Currency</U>&rdquo; has the meaning
specified therefor in <U>Section&nbsp;12.26</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>June&nbsp;2023
Consent</U>&rdquo; means the Consent to Waiver of Borrowing Base Default, &ldquo;SOFR&rdquo; Amendment and amendment of Prepayment Premium
dated June&nbsp;15, 2023.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>June&nbsp;2024
Bridge Loan</U>&rdquo; means, the loan made by the June&nbsp;2024 Bridge Loan Lenders to the Borrower pursuant to <U>Section&nbsp;2.01(a)</U>,
which amount shall also include (and be increased by) the capitalized June&nbsp;2024 Bridge Loan Fee under <U>Section&nbsp;2.06(c)(ii)</U>;
<I>provided </I>that the aggregate amount of June&nbsp;2024 Bridge Loan that is made (including the capitalized June&nbsp;2024 Bridge
Loan Fee) shall not cause the aggregate amount of Term Loans outstanding to exceed the then Borrowing Base.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>June&nbsp;2024
Bridge Loan Commitment</U>&rdquo; means, with respect to each June&nbsp;2024 Bridge Loan Lender, the commitment of such Lender to make
the June&nbsp;2024 Bridge Loan to the Borrower in the amount set forth under the heading &ldquo;June&nbsp;2024 Bridge Loan&rdquo; in
<U>Schedule 1.01(B)</U>&nbsp;hereto, as the same may be terminated or reduced 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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>June&nbsp;2024
Bridge Loan Funding Conditions</U>&rdquo; has the meaning specified therefor in <U>Section&nbsp;5.03(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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>June&nbsp;2024 Bridge Loan Fee</U>&rdquo; has
the meaning assigned to it in <U>Section 2.06(c)(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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>June&nbsp;2024
Bridge Loan Funding Date</U>&rdquo; means, the later of (a)&nbsp;June&nbsp;17, 2024 and (b)&nbsp;the date the June&nbsp;2024 Bridge Loan
Funding Conditions are satisfied.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>June&nbsp;2024
Bridge Loan Lender</U>&rdquo; shall mean a Lender with a June&nbsp;2024 Bridge Loan Commitment or an outstanding June&nbsp;2024 Bridge
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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>June&nbsp;2024
Bridge Loan Outside Date</U>&rdquo; means June&nbsp;21, 2024 (as such date may be extended with the prior written consent of each June&nbsp;2024
Bridge Loan Lender (which consent may be withheld at each such Lender&rsquo;s sole discretion).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in; color: blue"><FONT STYLE="text-decoration: underline double">&ldquo;June&nbsp;2025
Extension Agreement&rdquo; means the June&nbsp;30, 2025 Extension of Initial Term Loan&rsquo;s Mandatory Amortization Amount due on June&nbsp;30,
2025.</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; text-align: justify; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 1in; color: blue"><FONT STYLE="text-decoration: underline double">&ldquo;Key
Management Employee&rdquo; means the Chief Executive Officer and/or the Chief Financial Officer of the Borrower and each of its Subsidiaries.</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Landlord Waivers</U>&rdquo; has the meaning specified
therefor in <U>Section&nbsp;7.01(m)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Lease</U>&rdquo; means any lease, sublease or
license of, or other agreement granting a possessory interest in, of real property to which any Loan Party is a party as lessor, lessee,
sublessor, sublessee, licensor or licensee.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Lender</U>&rdquo; has the meaning specified therefor
in the preamble 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Lien</U>&rdquo;
means any mortgage, deed of trust, deed to secure debt, pledge, lien (statutory or otherwise), security interest, charge or other encumbrance
or security or preferential arrangement of any nature, including, without limitation, any conditional sale or title retention arrangement,
any right of reclamation (<I>recht van reclame</I>), any Capitalized Lease and any assignment, deposit arrangement or financing lease
intended as, or having the effect of, security, but not including the interest of a lessor under a lease that is an operating lease.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Loan Document</U>&rdquo;
means this Agreement, the <FONT STYLE="text-decoration: underline double; color: blue">Second Amended and Restated Fee Letter, the </FONT>Amended
and restated Fee Letter, the Fee Letter, the December&nbsp;2022 Consent, the April&nbsp;2023 Consent, the June&nbsp;2023 Consent, the
November&nbsp;2023 Waiver, the November&nbsp;2024 Waiver, the December&nbsp;2024 Waiver, <FONT STYLE="text-decoration: underline double; color: blue">June&nbsp;2025
Extension Agreement, </FONT>any Guaranty, any Joinder Agreement, any Mortgage, any Security Document, the Flow of Funds Authorization,
the Intercompany Subordination Agreement, the Effective Date Acquisition Collateral Assignment, any intercreditor or subordination agreement
entered into from time to time in respect of the Obligations or Liens securing the Obligations, any Perfection Certificate, each Notice
of Borrowing, any collateral access agreement, any landlord subordination or waiver agreement, any other agreement, instrument, certificate,
filing, report, and other document executed and delivered pursuant hereto or thereto or otherwise evidencing or securing any Term Loan
or any other Obligation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Loan Party</U>&rdquo;
means the Borrower, any Guarantor and any other Person who becomes a direct or indirect Subsidiary of the Borrower or any Guarantor following
the Effective Date.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Loan Parties</U>&rdquo;
means the collective reference to the Borrower and each 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Mandatory
Amortization Amounts</U>&rdquo; shall have the meaning as that term is defined in <U>Section&nbsp;2.05(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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>March&nbsp;2025
Bridge Loan</U>&rdquo; means, the loan made by the March&nbsp;2025 Bridge Loan Lenders to the Borrower pursuant to <U>Section&nbsp;2.01(a)</U>,
which amount shall also include (and be increased by) the capitalized March&nbsp;2025 Bridge Loan Fee under <U>Section&nbsp;2.06(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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>March&nbsp;2025
Bridge Loan Commitment</U>&rdquo; means, with respect to each March&nbsp;2025 Bridge Loan Lender, the commitment of such Lender to make
the March&nbsp;2025 Bridge Loan on the Eighth Amendment Effective Date to the Borrower in the amount set forth under the heading &ldquo;March&nbsp;2025
Bridge Loan&rdquo; in <U>Schedule 1.01(C)</U>&nbsp;hereto, as the same may be terminated or reduced 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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>March&nbsp;2025 Bridge Loan
Fee</U>&rdquo; has the meaning assigned to it in <U>Section&nbsp;2.06(d)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>March&nbsp;2025 Bridge Loan Funding Conditions</U>&rdquo;
has the meaning specified therefor in <U>Section&nbsp;5.03(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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>March&nbsp;2025
Bridge Loan Maturity Date</U>&rdquo; means, the earliest of (i)&nbsp;August&nbsp;31, 2025, (ii)&nbsp;the date on which all Loans shall
become due and payable in accordance with the terms of this Agreement, and (iii)&nbsp;the payment in full of all Obligations (other than
contingent indemnification obligations as to which no claim has been made) and the termination of all 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Material
Adverse Effect</U>&rdquo; means a material adverse effect on any of (a)&nbsp;the operations, business, assets, properties or liabilities
(actual or contingent) of the Loan Parties taken as a whole, (b)&nbsp;the ability of the Loan Parties taken as a whole to perform any
of their payment or reporting obligations under any Loan Document to which it is a party, (c)&nbsp;the legality, validity or enforceability
against any Loan Party of this Agreement or any other material Loan Document, (d)&nbsp;the rights, benefits and remedies of any Agent
or any Lender under any Loan Document, or (e)&nbsp;the validity, perfection or priority of a Lien in favor of the Collateral Agent for
the benefit of the Agents and the Lenders on any of the Collateral having a fair market value in excess of $500,000.</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Material
Contract</U>&rdquo; means, with respect to any Person, (a)&nbsp;each contract or agreement to which that Person or any of its Subsidiaries
is a party involving aggregate consideration payable to or by that Person or that Subsidiary of $250,000 or more in any Fiscal Year,
other than contracts or agreements to provide software or equipment entered into in the ordinary course of the Business; and (b)&nbsp;all
other contracts or agreements (including any one or more contracts or agreements to provide software or equipment entered into in the
ordinary course of the Business) as to which the breach, nonperformance, cancellation, or failure to renew (without contemporaneous replacement
of substantially equivalent value) by any party would 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Material
Real Estate Asset</U>&rdquo; means (a)&nbsp;any individual real property owned in fee-simple, and the improvements thereto, located in
the United States of America and having a fair market value (as determined by the Borrower in good faith after taking into account any
liabilities with respect thereto that impact such fair market value) in excess of $250,000 or (b)&nbsp;any individual freehold or long
leasehold real property having a fair market value (as determined by the Borrower in good faith after taking into account any liabilities
with respect thereto that impact such fair market value) in excess of $250,000.</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Monthly
Borrowing Base Certificate</U>&rdquo; has the meaning specified therefor in <U>Section&nbsp;3.02(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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Moody&rsquo;s</U>&rdquo;
means Moody&rsquo;s Investors Service,&nbsp;Inc. and any successor thereto.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Mortgage</U>&rdquo;
means a mortgage, deed of trust or deed to secure debt, in form and substance reasonably acceptable to the Required Lenders, made by
a Loan Party in favor of the Collateral Agent for the benefit of the Agents and the Lenders, securing the Obligations and delivered
to the Collateral Agent pursuant to <U>Section&nbsp;7.01(b)</U>, <U>(o)</U>, <U>(s)</U>&nbsp;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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Multiemployer
Plan</U>&rdquo; means a &ldquo;multiemployer plan&rdquo; as defined in Section&nbsp;4001(a)(3)&nbsp;of ERISA to which any Loan Party
or any of its ERISA Affiliates has contributed, or has been obligated to contribute, to at any time during the preceding 6 years.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Net Cash
Proceeds</U>&rdquo; means, (a)&nbsp;with respect to any Disposition by any Person or any of its Subsidiaries, the aggregate amount of
cash received (directly or indirectly) from time to time (whether as initial consideration or through the payment or disposition of deferred
consideration but only as and when received) by or on behalf of such Person or such Subsidiary, in connection therewith after deducting
therefrom only (i)&nbsp;the amount of any Indebtedness secured by any Permitted Lien on any asset (other than Indebtedness assumed by
the purchaser of such asset) which is required to be, and is, repaid in connection with such Disposition (other than Indebtedness under
this Agreement), (ii)&nbsp;reasonable expenses, attorneys&rsquo; fees, accountants&rsquo; fees, investment banking fees and other fees
related thereto incurred by such Person or such Subsidiary in connection therewith, (iii)&nbsp;transfer taxes paid or reasonably estimated
to be payable to any taxing authorities by such Person or such Subsidiary in connection therewith, and (iv)&nbsp;net income taxes to
be paid or reasonably estimated to be payable in connection with such Disposition (after taking into account any tax credits or deductions
and any tax sharing arrangements) and (b)&nbsp;with respect to the issuance or incurrence of any Indebtedness by any Person or any of
its Subsidiaries, or an Equity Issuance, the aggregate amount of cash received (directly or indirectly) from time to time (whether as
initial consideration or through the payment or disposition of deferred consideration) by or on behalf of such Person or such Subsidiary
in connection therewith, after deducting therefrom only (i)&nbsp;reasonable expenses, attorneys&rsquo; fees, investment banking fees,
accountants&rsquo; fees, underwriting discounts and commissions and other reasonable and customary fees and expenses related thereto
incurred by such Person or such Subsidiary in connection therewith, (ii)&nbsp;transfer taxes paid or reasonably estimated to be payable
by such Person or such Subsidiary in connection therewith and (iii)&nbsp;net income taxes to be paid or reasonably estimated to be payable
in connection therewith (after taking into account any tax credits or deductions and any tax sharing arrangements); in each case of clause
(a)&nbsp;and (b)&nbsp;to the extent, but only to the extent, that the amounts so deducted are (x)&nbsp;actually paid or payable to a
Person that, except in the case of reasonable out-of-pocket expenses and tax payment, is not an Affiliate of such Person or any of its
Subsidiaries and (y)&nbsp;properly attributable to such transaction or to the asset that is the subject thereof. Notwithstanding any
of the foregoing, Net Cash Proceeds shall not include (A)&nbsp;the Net Cash Proceeds owed by a Loan Party to any third-party Person in
which such Person has a joint equity interest in a Subsidiary of such Loan Party, (B)&nbsp;in the case of any Disposition or casualty
event by a Non-Wholly Owned Subsidiary, the pro rata portion of the Net Cash Proceeds thereof (calculated without regard to this clause
(B)) attributable to minority interests and not available for distribution to or for the account of the Borrower or any wholly-owned
Subsidiary as a result thereof, (C)&nbsp;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 clauses (ii)&nbsp;or (iii)&nbsp;above) (1)&nbsp;related
to any of the applicable assets and (2)&nbsp;retained by the Borrower or any of its 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 Cash Proceeds of such Disposition or casualty event occurring on the date of such reduction) and (D)&nbsp;any
funded escrow established pursuant to the documents evidencing any such sale or disposition to secure any indemnification obligations
or adjustments to the purchase price associated with any such sale or disposition (provided that to the extent that any amounts are released
from such escrow to a Borrower or a Subsidiary, such amounts net of any related expenses shall constitute Net Cash Proceeds).</P>

<P STYLE="font: 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Net Recovery
Percentage</U>&rdquo; means the fraction, expressed as a percentage, (a)&nbsp;the numerator of which is the amount equal to the recovery
on the aggregate amount of the Inventory of the Loan Parties at such time on a &ldquo;going out of business sale&rdquo; or &ldquo;wholesale
liquidation&rdquo; basis, as applicable, as set forth in the most recent appraisal of Inventory of the Loan Parties received by the Agents
in accordance with Article&nbsp;III, net of liquidation expenses, fees and commissions, and (b)&nbsp;the denominator of which is the
applicable original cost of the aggregate amount of the Inventory subject to such appraisal. The Net Recovery Percentage for any category
of Inventory used in determining the Borrowing Base shall be based on the applicable percentage in the most recent appraisal conducted
as set forth in Article&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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>New Subsidiary</U>&rdquo;
has the meaning specified therefor in <U>Section&nbsp;7.01(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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>NI Obligor</U>&rdquo;
means Boxlight Group Ltd, a company incorporated under Northern Irish law with company number NI048270.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in; color: blue"><FONT STYLE="text-decoration: underline double">&ldquo;Ninth
Amendment&rdquo; means the Forbearance Agreement and Ninth Amendment to this Agreement dated August&nbsp;13, 2025.&nbsp;</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in; color: blue"><U STYLE="text-decoration-style: double">&ldquo;Ninth
Amendment Effective Date&rdquo; means August&nbsp;13, 2025.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in; color: blue">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Non-Wholly
Owned Subsidiary</U>&rdquo; means a Subsidiary of a Person that is not a wholly-owned Subsidiary 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Notes</U>&rdquo; shall mean and include all senior
secured notes of the Borrower issued to 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Notice of Borrowing</U>&rdquo; shall have the
meaning as that term is defined in <U>Section 2.02</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>November&nbsp;2023
Waiver</U>&rdquo; means the Consent to Waiver of Default under Section 7.03(a)&nbsp;of this Agreement <FONT STYLE="text-decoration: underline double; color: blue">(as
in effect prior to the Eleventh Amendment Effective Date) </FONT>with respect to Test Period <FONT STYLE="text-decoration: underline double; color: blue">(as
defined in this Agreement as in effect prior to the Eleventh Amendment Effective Date)</FONT> Ended September&nbsp;30, 2023.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>November&nbsp;2024
Waiver</U>&rdquo; means the Consent to Waiver of Defaults under (i)&nbsp;Section&nbsp;7.03(a)&nbsp;of this Agreement <FONT STYLE="text-decoration: underline double; color: blue">(as
in effect prior to the Eleventh Amendment Effective Date) </FONT>with respect to Test Period <FONT STYLE="text-decoration: underline double; color: blue">(as
defined in this Agreement as in effect prior to the Eleventh Amendment Effective Date) </FONT>Ended September&nbsp;30, 2024 and (ii)&nbsp;Section&nbsp;2.05(c)(vii)&nbsp;and
Article&nbsp;III of this Agreement<FONT STYLE="text-decoration: underline double; color: blue">, in each case, as in effect prior to
the Eleventh Amendment Effective Date</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Obligations</U>&rdquo;
means all present and future indebtedness, obligations, and liabilities of each Loan Party to the Agents and the Lenders arising under
or in connection with this Agreement or any other Loan Document, whether or not the right of payment in respect of such claim is reduced
to judgment, liquidated, unliquidated, fixed, contingent, matured, disputed, undisputed, legal, equitable, secured, unsecured, and whether
or not such claim is discharged, stayed or otherwise affected by any proceeding referred to in <U>Section&nbsp;9.01</U>. Without limiting
the generality of the foregoing, the Obligations of each Loan Party under the Loan Documents include (a)&nbsp;the obligation (irrespective
of whether a claim therefor is allowed in an Insolvency Proceeding) to pay principal of the Term Loans and any other amounts hereunder,
interest, charges, expenses, fees, attorneys&rsquo; fees and disbursements, indemnities and other amounts payable by such Person under
the Loan Documents, (b)&nbsp;the obligation of such Person to reimburse any amount in respect of any of the foregoing that any Agent
or any Lender (in its sole discretion) may elect to pay or advance on behalf of such Person and (c)&nbsp;premiums, including any applicable
<FONT STYLE="text-decoration: underline double; color: blue">Repayment Fee, </FONT>Prepayment Premium, April/June&nbsp;2024 Bridge Loan
Fee, March&nbsp;2025 Bridge Loan Fee and Exit Fee, upfront fee or any other amounts payable under any Loan Document. Notwithstanding
any of the foregoing, Obligations shall not include any Excluded Hedge Liabilities.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Offering</U>&rdquo;
has the meaning specified therefor in <U>Section&nbsp;6.01(ll)</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&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 Term Loan or 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Other
Taxes</U>&rdquo; means all present or future stamp, court or documentary, value added, intangible, recording, filing or similar Taxes
that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or
perfection of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes that are Other Connection
Taxes imposed with respect to an assignment.</P>

<P STYLE="font: 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Over Advance</U>&rdquo;
has the meaning specified therefor in <U>Section&nbsp;2.05(c)(vii)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Parallel
Debt</U>&rdquo; has the meaning specified therefor in <U>Section&nbsp;10.16</U>. &ldquo;<U>Participant Register</U>&rdquo; has the meaning
specified therefor in <U>Section&nbsp;12.07(g)</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>PBGC</U>&rdquo;
means the Pension Benefit Guaranty Corporation or 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Perfection
Certificate</U>&rdquo; means a Perfection Certificate executed by the Borrower in form and substance reasonably acceptable to 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Periodic Term SOFR Determination
Day</U>&rdquo; as defined 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Permitted Acquisition</U>&rdquo;
means any Acquisition by a Loan Party or any Subsidiary of a Loan Party to the extent that each of the following conditions shall have
been satisfied:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>the
Borrower shall have furnished to the Agents at least ten (10)&nbsp;Business Days prior to the consummation of such Acquisition (i)&nbsp;an
executed term sheet and/or commitment letter (setting forth in reasonable detail the terms and conditions of such Acquisition) and, at
the request of any Agent (or any Lender through the Administrative Agent), such other information and documents that any Agent or Lender
may reasonably request, including, without limitation, executed counterparts of the respective material agreements, instruments or other
documents pursuant to which such Acquisition is to be consummated (including, without limitation, any related management, non-compete,
employment, option or other material agreements), any schedules to such agreements, instruments or other documents and all other material
ancillary agreements, instruments or other documents to be executed or delivered in connection therewith, (ii)&nbsp;pro forma financial
statements of the Borrower and its Subsidiaries after the consummation of such Acquisition, (iii)&nbsp;historical financial statements
relating to the business or Person to be acquired evidencing positive Consolidated Adjusted EBITDA on a pro forma basis (with such adjustments
as the Administrative Agent agree to in their sole discretion) for the four fiscal quarter period most recently ended prior to the date
the Acquisition, (iv)&nbsp;a certificate of the chief financial officer or other Authorized Officer of the Borrower, demonstrating on
a pro forma basis compliance, as of the most recently ended fiscal quarter period for which financial statements have been or are required
to be delivered hereunder, with all financial covenants set forth in <U>Section&nbsp;7.03</U> hereof after the consummation of such Acquisition,
and (v)&nbsp;copies of such other agreements, instruments or other documents (including, without limitation, the Loan Documents required
by <U>Section&nbsp;7.01(b)</U>) as any Agent (or the Required Lenders through the Administrative Agent) may reasonably request;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>concurrently
with the acquisition of the acquisition documents in connection therewith, the applicable Loan Parties shall have executed a collateral
assignment of such acquisition documents, which shall be in form and substance reasonably satisfactory to the Collateral Agent and 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 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>the
agreements, instruments and other documents in connection with such Acquisition shall provide that (i)&nbsp;neither the Loan Parties
nor any of their Subsidiaries shall, in connection with such Acquisition, assume or remain liable in respect of any Indebtedness of the
seller or sellers, or other obligation of the seller or sellers (except for Permitted Indebtedness and obligations incurred in the ordinary
course of business in operating the property so acquired and necessary and desirable to the continued operation of such property and
except for Indebtedness that either (x)&nbsp;is permitted to be incurred Pursuant to <U>Section&nbsp; 7.02(c)</U>&nbsp;or (y)&nbsp;the
Agents, with the consent of the Required Lenders, otherwise expressly consent to in writing after their review of the terms of the proposed
Acquisition), and (ii)&nbsp;all property to be so acquired in connection with such Acquisition shall be free and clear of any and all
Liens, except for Permitted Liens (and if any such property is subject to any Lien not permitted by this clause (ii)&nbsp;then concurrently
with such Acquisition such Lien shall be released);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>any
Subsidiary to be acquired or formed as a result of such Acquisition shall be engaged in a similar business (or reasonably related thereto)
as the Loan Parties and such Subsidiary shall be joined as a Loan Party hereunder and under 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 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(e)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>such
Acquisition shall be effected in such a manner so that the acquired Equity Interests or assets are owned either by a Loan Party or a
directly owned Subsidiary of a Loan Party and, if effected by merger or consolidation involving a Loan Party, the continuing or surviving
Person shall be such Loan Party or shall become a Loan Party, or Section&nbsp;7.02(e)&nbsp;shall otherwise be complied with;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(f)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>any
such Subsidiary (and its equity holders) shall execute and deliver the agreements, instruments and other documents required by Section&nbsp;7.01(b);
and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(g)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>no
Default or Event of Default shall have occurred and be continuing and none shall exist immediately after giving effect thereto; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(h)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>the
cash purchase price for such Acquisition, when aggregated with the purchase price of all Permitted Acquisitions (excluding the Effective
Date Acquisition) consummated after the Effective Date, shall not exceed $5,000,000 unless the Agents, with the consent of the Required
Lenders, otherwise expressly consent thereto in writing; <I>provided </I>that, for purposes of this clause (h), the portion of the purchase
price for any Acquisition funded with the proceeds received from a substantially concurrent sale or issuance of Qualified Equity Interests
of the Borrower to third parties (including, without limitation, Qualified Equity Interests issued to the former owners of any Person
who is the subject of an Acquisition) shall not be included;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(i)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>after
giving pro forma effect to such proposed Acquisition, the Loan Parties shall be in compliance with the covenants in Section&nbsp;7.03;</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 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(j)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>after
giving pro forma effect to such proposed Acquisition, the Senior Leverage Ratio of the Borrower and its Subsidiaries for the most recent
fiscal quarter for which financial statements and a Compliance Certificate have been delivered pursuant to Section&nbsp;7.01(a)(i)&nbsp;and
(iv)&nbsp;shall not exceed 2.50 to 1.00 (or, if less, the Senior Leverage Ratio required under Section&nbsp;7.03); and</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(k)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>immediately
after giving effect to such proposed Acquisition (other than, for the avoidance of doubt) the acquisition of FrontRow which occurred
on the Effective Date) , Qualified Cash shall not be less than $4,000,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify">For the avoidance of doubt, it is
understood and agreed that no Permitted Acquisition may be consummated from and after the Eighth Amendment Effective Date&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Permitted
Discretion</U>&rdquo; means as to an Agent, a determination made in good faith in the exercise of its reasonable business judgment based
on how an asset-based lender with similar rights providing a credit facility of the type set forth herein would act in similar circumstances
at the time with the information then available to it.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Permitted Dispositions</U>&rdquo;
means:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Dispositions
of obsolete or worn-out equipment in the ordinary course of business, provided that (i)&nbsp;the amount of Net Cash Proceeds of such
Dispositions does not exceed $250,000 in the aggregate in any Fiscal Year and $1,000,000 in the aggregate prior to the Final Maturity
Date and (ii)&nbsp;in all cases, are applied in accordance with Section&nbsp;2.05(c)(vi);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Dispositions
of assets from any Loan Party to any other Loan Party (other than the Borrower) or any of its Subsidiaries, provided that, the aggregate
amount of all Dispositions by a Loan Party to a Subsidiary of a Loan Party that is not a Loan Party under this clause (b)&nbsp;does not
exceed $250,000 prior to the Final 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 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>leases
or subleases of real property and licenses or sublicenses of intellectual property in the ordinary course of business and on arm&rsquo;s
length terms which do not materially interfere with the business of the Loan Parties and their Subsidiaries in an aggregate amount not
to exceed $1,000,000 during the term 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 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Dispositions
of equipment to the extent that such property is substantially concurrently (i)&nbsp;exchanged for fair market value for credit against
the purchase price of, or (ii)&nbsp;sold for fair market value in the ordinary course of business for, similar or replacement or upgraded
property;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(e)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Dispositions
(including discounts, cancellation or forgiveness) of Accounts Receivable in connection with compromise, write-down or collection thereof
in the ordinary course of business to the extent permitted under this Agreement or in connection with the bankruptcy or reorganization
of the applicable Account Debtors and Dispositions of any securities received in any such bankruptcy or reorganization;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(f)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>(i)&nbsp;the
lapse of registered intellectual property of the Loan Parties and their Subsidiaries to the extent not economically desirable in the
conduct of their respective businesses or (ii)&nbsp;the abandonment of intellectual property rights in the ordinary course of business
so long as, in each case under clauses (i)&nbsp;and (ii), such lapse or abandonment is not materially adverse to the interests of the
Secured Parties or the business 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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(g)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>any
involuntary condemnation, seizure or taking, by exercise of the power of eminent domain or otherwise, or confiscation or requisition
of use of property;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(h)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>to
the extent constituting a Disposition, the making of Investments permitted by Section&nbsp;7.02(e)&nbsp;and Restricted Payments permitted
by Section&nbsp;7.02(h)&nbsp;and the granting of Permitted Liens and the issuance of Equity Interests (other than Disqualified Equity
Interests);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(i)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>any
surrender, waiver, settlement, compromise, modification or release of contractual rights in the ordinary course of business, or the settlement,
release or surrender of tort or other claims of any kind; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(j)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Dispositions
of Investments for fair market value in joint ventures or Non-Wholly Owned Subsidiaries to the extent required by, or made pursuant to
customary buy/sell arrangements between, the joint venture or similar parties set forth in joint venture arrangements and/or similar
binding arrangements; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(k)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Dispositions
by the Borrower and its Subsidiaries not otherwise permitted under clauses (a)&nbsp;through (j); <I>provided </I>that (i)&nbsp;no Default
or Event of Default shall have occurred and be continuing or would occur as a result thereof, (ii)&nbsp;such Disposition is for fair
market value (as determined by the Borrower in good faith) and the aggregate fair market value of all property Disposed of in reliance
on this <U>clause (k)</U>&nbsp;(x)&nbsp;in any Fiscal Year shall not exceed $250,000 and (y)&nbsp;prior to the Final Maturity Date shall
not exceed $1,000,000 and (iii)&nbsp;at least 75% of the purchase price for such asset shall be paid to the applicable Borrower or its
Subsidiary in cash.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">Notwithstanding the foregoing, no
sale, transfer or disposition of any Intellectual Property that is part of the Borrowing Base shall be permitted without the consent
of the Agents and the Required Lenders.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Permitted Indebtedness</U>&rdquo;
means (subject to the last paragraph in <U>Section 12.02(a)</U>):</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)</FONT>
&#8239;&#8239;&#8239;&#8239;&#8239;any Indebtedness owing to any Agent or any Lender under this Agreement and the other Loan Documents
(including any guarantees hereof or 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 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>any
other Indebtedness listed on <U>Schedule 7.02(b)</U>, and the extension of maturity, refinancing or modification of the terms thereof;
<I>provided, however</I>, that (i)&nbsp;after giving effect to any such extension, refinancing or modification, the amount of such Indebtedness
is not greater than the amount of Indebtedness outstanding immediately prior to such extension, refinancing or modification (other than
with respect to fees and expenses incurred for such refinancing, extension or modification), (ii)&nbsp;no Loan Party or Subsidiary of
a Loan Party that was not liable with respect to the Indebtedness prior to its refinancing or modification shall be liable with respect
to such Indebtedness after giving effect to its extension, refinancing or modification, (iii)&nbsp;at the time of and after giving effect
to such extension, refinancing or modification, (A)&nbsp;the Fixed Charge Coverage Ratio would not be less than the Fixed Charge Coverage
Ratio immediately prior to such extension, refinancing or modification, (b)&nbsp;the Senior Leverage Ratio would not be greater than
the Senior Leverage Ratio immediately prior to such extension, refinancing or modification and (C)&nbsp;no Default or Event of Default
shall have occurred and be continuing, (iv)&nbsp;to the extent such Indebtedness is extended, refinanced or modified with (x)&nbsp;one
or more additional series of senior or junior unsecured notes or loans, such Indebtedness shall be subject to customary subordination
arrangements reasonably satisfactory to the Administrative Agent and Required Lenders or (y)&nbsp;secured notes that will be secured
on a junior lien basis to the Obligations, such Indebtedness shall be subject to customary intercreditor arrangements reasonably satisfactory
to the Agents and Required Lenders, (v)&nbsp;if such Indebtedness being extended, refinanced or modified is secured by Liens, then such
extension, refinancing or modification shall not be secured by any assets or property not subject to such Liens at such time or secured
on a priority greater than such underlying Indebtedness and (vi)&nbsp;if such Indebtedness being extended, refinanced or modified is
unsecured, then such extension, refinancing or modification shall not be secured (a &ldquo;<U>Permitted Refinancing</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 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>(i)&nbsp;Indebtedness
evidenced by Capitalized Lease Obligations listed on Schedule 7.02(c)&nbsp;and (ii)&nbsp;other Capitalized Lease Obligations entered
into after the Effective Date in order to finance Capital Expenditures made by the Loan Parties and their Subsidiaries so long as such
Indebtedness, when aggregated with the principal amount of all Indebtedness incurred under this clause (c)&nbsp;and clause (d)&nbsp;of
this definition, does not exceed $1,000,000 outstanding at any one 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 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Permitted
Purchase Money Indebtedness, when aggregated with the principal amount of all Indebtedness incurred under this clause (d)&nbsp;and clause
(c)&nbsp;of this definition, does not exceed $1,000,000 outstanding at any one 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 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>
[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 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>
Indebtedness permitted under Section&nbsp;7.02(e);</P>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(g)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Indebtedness
of the Loan Parties or any of their respective Subsidiaries under any Hedging Agreement so long as such Hedging Agreements are used solely
as a part of such Person&rsquo;s normal business operations as a risk management strategy or hedge against changes resulting from market
operations and not as a means to speculate for investment purposes on trends and shifts in financial or commodities markets;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(h)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Indebtedness
in respect of guarantees by a Loan Party in respect of Indebtedness of any other Loan Party or any of its Subsidiaries permitted 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 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(i)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Indebtedness
owed by one Loan Party or any of its Subsidiaries to another Loan Party or any of its Subsidiaries, so long as the making of the loan
or other advance by the Loan Party that is acting as the lender is permitted hereunder; <I>provided </I>that Loans owed by a Subsidiary
that is not a Loan Party to a Loan Party shall not exceed $250,000 at any time outstanding and shall be subordinated as required by Section&nbsp;7.01(n);</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(j)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Indebtedness
incurred in the ordinary course of business in connection with cash pooling, netting and cash management arrangements consisting of overdrafts
or similar arrangements; <I>provided </I>that any such Indebtedness does not consist of Indebtedness for borrowed money and is owed to
the financial institutions providing such arrangements and such Indebtedness is extinguished within sixty (60) days;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(k)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Indebtedness
arising out of the issuance of surety, stay, customs or appeal bonds, letters of credit, bank guarantees and performance bonds and performance
and completing guarantees or other similar obligations, in each case incurred in the ordinary course of business in connection with workers&rsquo;
compensation, health, disability or other employee benefits, environmental obligations or property, casualty or liability insurance of
Loan Parties and their Subsidiaries and in connection with other surety and performance bonds in the ordinary course of business, and
reimbursement obligations in respect of 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 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(l)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><FONT STYLE="text-decoration: underline double; color: blue">unsecured
</FONT>Indebtedness of any of the Loan Parties or any of their respective Subsidiaries thereof consisting of (x)&nbsp;repurchase obligations
with respect to Equity Interests of such Person issued to the directors, consultants, managers, officers and employees of any of the
Loan Parties or any of their respective Subsidiaries thereof arising upon the death, disability or termination of employment of such
director, consultant, manager, officer or employee to the extent such repurchase is permitted under Section&nbsp;7.02(h)&nbsp;and (y)&nbsp;promissory
notes issued by any of the Loan Parties or any of their respective Subsidiaries thereof to directors, consultants, managers, officers
and employees (or their spouses or estates) of any of the Loan Parties or any of their respective Subsidiaries thereof to purchase or
redeem Equity Interests of such of the Loan Parties or any of their respective Subsidiaries issued to such director, consultant, manager,
officer or employee to the extent such purchase or redemption is permitted under Section&nbsp;7.02(h);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(m)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>additional
unsecured Indebtedness of the Loan Parties and their Subsidiaries in an aggregate principal amount not to exceed $500,000 at any one
time outstanding;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(n)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>the
Redeemable Preferred Stock outstanding on the Effective Date (but, not for the avoidance of the doubt, any additional shares of Redeemable
Preferred Stock of the Borrower that may be issued after the Effective Date);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(o)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>contingent
liabilities in respect of any indemnification obligation, adjustment of purchase price, non-compete or similar obligation of any Loan
Party incurred in connection with the consummation of one or more Permitted Acquisitions;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(p)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>to
the extent constituting Indebtedness, deferred compensation to employees of the Loan Parties incurred in the ordinary course of business;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(q)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Indebtedness
consisting of the financing of insurance premiums to the extent non-recourse (other than to the insurance premiums); and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(r)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Subordinated
Indebtedness of the Borrower (but not any other Loan Party) (incurred pursuant to clause (a)&nbsp;of the definition thereof) in an aggregate
amount not to exceed $10,000,000 owed to a Subordinated Lender, which shall at all times remain subject to the terms and conditions of
the Subordination Agreement.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Permitted
Investments</U>&rdquo; means (a)&nbsp;Cash Equivalents and (b)&nbsp;the purchase and redemption by the Borrower of outstanding shares
of Series&nbsp;B preferred stock of the Borrower to the extent such purchase and redemption is funded solely with proceeds from a substantially
concurrent sale of Qualified Equity Interests of the Borrower.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Permitted Liens</U>&rdquo;
means:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>
Liens securing the Obligations;</P>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Liens
for taxes, assessments and governmental charges the payment of which is not required under <U>Section&nbsp;7.01(c)</U>;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Liens
imposed by law, such as carriers&rsquo;, warehousemen&rsquo;s, mechanics&rsquo;, landlords&rsquo;, materialmen&rsquo;s, repairmen&rsquo;s
and other similar Liens arising in the ordinary course of business and securing obligations (other than Indebtedness for borrowed money)
that are not overdue by more than thirty (30) days or which are bonded or are being contested in good faith and by appropriate proceedings
promptly initiated and diligently conducted, and a reserve or other appropriate provision, if any, as shall be required by GAAP shall
have been made therefor;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Liens
described on Schedule 7.02(a); <I>provided</I>, that (i)&nbsp;no such Lien shall at any time be extended to cover any additional property
not subject thereto on the Effective Date and (ii)&nbsp;the principal amount of the Indebtedness secured by such Liens shall not be extended,
renewed, refunded or refinanced unless such extension renewal, refunding or refinancing is a Permitted Refinancing;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(e)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>purchase
money Liens on equipment or other assets acquired or held by any Loan Party in the ordinary course of its business to secure Permitted
Purchase Money Indebtedness so long as such Lien only (i)&nbsp;attaches to such property and (ii)&nbsp;secures the Indebtedness that
was incurred to acquire such property or any Permitted Refinancing Indebtedness in respect thereof;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(f)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>deposits
and pledges of cash securing (i)&nbsp;obligations incurred in respect of workers&rsquo; compensation, unemployment insurance or other
forms of governmental insurance or benefits, (ii)&nbsp;the performance of bids, tenders, leases, contracts (other than for the payment
of money) and statutory obligations or (iii)&nbsp;obligations on surety or appeal bonds, but only to the extent such deposits or pledges
are made or otherwise arise in the ordinary course of business and secure obligations not past due or to the extent contested in good
faith by proper proceedings which stay the imposition of any penalty, fine or Lien resulting from the non-payment thereof and with respect
to which adequate reserves have been set aside for the payment thereof on the Financial Statements in accordance with GAAP;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(g)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>easements,
zoning restrictions, survey defects, covenants, conditions, restrictions and similar encumbrances on real property and minor irregularities
in the title thereto (and any renewal, replacement, or extension thereof) that do not materially impair the use of such property by any
Loan Party in the normal conduct of such Person&rsquo;s business;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(h)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Liens
(and any renewal, replacement, or extension thereof) on property or equipment securing Indebtedness permitted by clause (c)&nbsp;of the
definition of Permitted Indebtedness;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(i)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Liens
in the ordinary course of business of a collection bank arising under Section&nbsp;4-210 of the Uniform Commercial Code on items in the
course of collection;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(j)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Liens
arising by operation of law under Article&nbsp;2 of the UCC in favor of a reclaiming seller of goods or buyer of goods;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(k)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>brokers&rsquo;
Liens, bankers&rsquo; Liens, rights of setoff and other similar Liens (including any security interest or right to set-off arising under
articles 24 or 25 respectively of the general terms and conditions (algemene voorwaarden) of any member of the Dutch Bankers&rsquo; Association
(Nederlandse Vereniging van Banken) or under other terms and conditions of such financial institution) existing solely with respect to
cash and Cash Equivalents on deposit in one or more accounts maintained by any Borrower, Guarantor or Subsidiary thereof (including any
restriction on the use of such cash and Cash Equivalents), in each case, granted in the ordinary course of business in favor of the bank
or banks with which such accounts are maintained, including any such Liens or rights of setoff securing amounts owing in the ordinary
course of business to such bank with respect to cash management and operating account arrangements, including those involving pooled
accounts and netting arrangements, provided such Liens are subject to the terms of an Account Control Agreement were such Account Control
Agreement is required under or pursuant to this Agreement or any Security Document;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(l)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>non-exclusive
licenses and sub-licenses of intellectual property granted by any Loan Party in the ordinary course of business that do not materially
detract from the value of the intellectual property subject thereto or materially interfere with the ordinary conduct of the business
of any Borrower, Guarantor or Subsidiary thereof in an aggregate amount not to exceed $250,000;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(m)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>any
exceptions (and any renewal, replacement, or extension thereof) in the Title Insurance Policy for any real property and any other exceptions
raised by the title insurer in the title insurance commitment that are omitted from such Title Insurance Policy;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(n)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Liens
securing judgments for the payment of money not constituting an Event of Default under Section&nbsp;9.01(k);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(o)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>any
interest or title of a lessor under any lease or sublease entered into by any Loan Party or any of their Subsidiaries as permitted under
this Agreement or in the ordinary course of business and any financing statement filed in connection with any such lease or sublease;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(p)</FONT>&#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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(q)&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>
Liens in respect of interests in joint ventures;</P>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(r)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Liens
including any netting or set-off arising as a result of a fiscal unity (fiscale eenheid) for Dutch tax purposes of which any Loan Party
is or has been a member; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(s)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>other
Liens (other than Liens securing Indebtedness and those Liens described in clauses (a)&nbsp;through (r)&nbsp;above) outstanding in an
aggregate principal amount not to exceed $250,000.</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in"><FONT STYLE="text-decoration: underline double; color: blue">&ldquo;Permitted
Over Advance&rdquo; has the meaning specified therefor in Section&nbsp;3.03.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Permitted
Purchase Money Indebtedness</U>&rdquo; means, as of any date of determination,&nbsp;Indebtedness (other than the Obligations, but including
Capitalized Lease Obligations) incurred to finance acquisition of any fixed assets secured by a Lien permitted under <U>clause (e)</U>&nbsp;of
the definition of &ldquo;Permitted Liens&rdquo;; <I>provided </I>that (a)&nbsp;such Indebtedness is incurred within 20 days after such
acquisition, (b)&nbsp;such Indebtedness when incurred shall not exceed the purchase price of the asset financed and (c)&nbsp;the aggregate
principal amount of all such Indebtedness shall not exceed $1,000,000 at any time 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Permitted
Refinancing</U>&rdquo; has the meaning specified therefor in <U>clause (b)</U>&nbsp;of the definition of &ldquo;Permitted Indebtedness&rdquo;.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Person</U>&rdquo;
means an individual, corporation, limited liability company, partnership, association, joint-stock company, trust, unincorporated organization,
joint venture or other enterprise or entity or Governmental Authority.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Petty
Cash Account</U>&rdquo; means one or more deposit accounts holding a maximum amount of funds on deposit in all such deposit accounts
not to exceed $100,000 in the aggregate.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Plan</U>&rdquo;
means any Employee Plan or Multiemployer Plan. &ldquo;<U>Platform</U>&rdquo; has the meaning specified therefor in <U>Section&nbsp;12.01(c)(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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Post-Default
Rate</U>&rdquo; means a rate of interest per annum equal to the <FONT STYLE="text-decoration: underline double; color: blue">sum of
(a)&nbsp;the </FONT>highest rate specified herein for each such Loan then outstanding prior to an Event of Default plus <FONT STYLE="text-decoration: underline double; color: blue">(b)&nbsp;(i)&nbsp;</FONT>2.50%<FONT STYLE="text-decoration: underline double; color: blue"> or
(ii)&nbsp;5.00% in the event the Loan Parties are in breach of any agreement,&nbsp;covenant or requirement (including deadlines)
contained in (x)&nbsp;clauses (aa) and (bb) of Section 7.01 and/or (y)&nbsp;Section&nbsp;6(b)&nbsp;of the Eleventh
Amendment</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Prepayment
Premium</U>&rdquo; has the meaning given to it in the <FONT STYLE="color: red"><STRIKE>Amendment</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">Amended</FONT>
and Restated Fee Letter<FONT STYLE="text-decoration: underline double; color: blue"> (as amended by the June&nbsp;2023 Consent)</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Pro
Rata Share</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>with
respect to a Lender&rsquo;s obligation to make a Term Loan and receive payments of interest, fees, and principal with respect thereto,
the percentage obtained by dividing (i)&nbsp;such Lender&rsquo;s Term Loan Commitment, by (ii)&nbsp;the Total Term Loan Commitment, <U>provided
</U>that if the Total Term Loan Commitment has been reduced to zero, the numerator shall be the aggregate unpaid principal amount of
such Lender&rsquo;s portion of the Term Loans and the denominator shall be the aggregate unpaid principal amount of the Term 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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>with
respect to all other matters (including, without limitation, the indemnification obligations arising under <U>Section&nbsp;10.05</U>),
the percentage obtained by dividing (i)&nbsp;the unpaid principal amount of such Lender&rsquo;s portion of the Term Loans, by (ii)&nbsp;the
aggregate unpaid principal amount of the 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Property</U>&rdquo;
&ldquo;<U>property</U>&rdquo; means any interest in any kind of property or asset, whether real, personal or mixed, and whether tangible
or intangible.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Prospectus
Supplement</U>&rdquo; has the meaning specified therefor in <U>Section&nbsp;6.01(ll)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Public
Lender</U>&rdquo; has the meaning assigned to it in <U>Section&nbsp;7.01(a)(xiv)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Qualified Cash</U>&rdquo; means, as of
any date of determination, the amount of unrestricted cash and Cash Equivalents of the Borrower and its consolidated Subsidiaries held
in Cash Management Accounts subject to Account Control Agreements.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Qualified
ECP Loan Party</U>&rdquo; means each Guarantor that is (a)&nbsp;a corporation, partnership, proprietorship, organization, trust, or other
entity other than a &ldquo;commodity pool&rdquo; as defined in Section&nbsp;1a(10)&nbsp;of the CEA and CFTC regulations thereunder that
has total assets exceeding $10,000,000 or (b)&nbsp;an Eligible Contract Participant that can cause another person to qualify as an Eligible
Contract Participant under Section&nbsp;1a(18)(A)(v)(II)&nbsp;of the CEA by entering into or otherwise providing a &ldquo;letter of credit
or keepwell, support, or other agreement&rdquo; for purposes of Section&nbsp;1a(18)(A)(v)(II)&nbsp;of the CEA.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Qualified
Equity Financing</U>&rdquo; means, with respect to the Borrower, any Equity Issuance of Qualified Equity Interests including one or more
sales for cash, in each case, of Qualified 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Qualified
Equity Interests</U>&rdquo; means, with respect to any Person, all Equity Interests of such Person 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Real
Property Deliverables</U>&rdquo; has the meaning specified therefor in <U>Section 7.01(o)</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Recipient</U>&rdquo;
means (a)&nbsp;the Administrative Agent or (b)&nbsp;any 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Redeemable
Preferred Stock</U>&rdquo; means the Borrower&rsquo;s currently outstanding 1,586,620 shares of Series&nbsp;B convertible redeemable
preferred stock that is subject to mandatory redemption on January&nbsp;1, 2024 (the &ldquo;<U>Series&nbsp;B Redeemable Preferred Stock</U>&rdquo;),
and 1,320,850 shares of Series&nbsp;C convertible redeemable preferred stock that is subject to mandatory redemption on January&nbsp;1,
2026 (the &ldquo;<U>Series&nbsp;C Redeemable Preferred Stock</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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Reference
Rate</U>&rdquo; means, for any period, the greatest of (a)&nbsp;<FONT STYLE="color: red"><STRIKE>2.00</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">5.25</FONT>%
per annum, (b)&nbsp;the Federal Funds Rate plus 0.50% per annum, (c)&nbsp;the Daily Simple SOFR (which rate shall be calculated based
upon an Interest Period of one month and shall be determined on a daily basis) plus 1.00% per annum, and (d)&nbsp;the rate last quoted
by <U>The Wall Street Journal</U> as the &ldquo;Prime Rate&rdquo; in the United States or, if <U>The Wall Street Journal</U> ceases to
quote such rate, the highest per annum interest rate published by the Federal Reserve Board in Federal Reserve Statistical Release H.15
(519) (Selected Interest Rates) as the &ldquo;bank prime loan&rdquo; rate or, if such rate is no longer quoted therein, any similar rate
quoted therein (as determined by the Administrative Agent) or any similar release by the Federal Reserve Board (as determined by the
Administrative Agent). Each change in the Reference Rate shall be effective from and including the date such change is publicly announced
as being effective.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Reference
Rate Loan</U>&rdquo; means each portion of a Term Loan that bears interest at a rate determined by reference to the Reference 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Registration
Rights Agreement</U>&rdquo; has the meaning specified therefor in <U>Section 7.01(s)(v)</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Regulation
T</U>&rdquo;, &ldquo;<U>Regulation U</U>&rdquo; and &ldquo;<U>Regulation X</U>&rdquo; mean, respectively, Regulations T, U and X of the
Board or any successor, as the same may be amended or supplemented 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Related
Fund</U>&rdquo; means, with respect to any Person, a fund or account managed by the investment advisor or investment manager 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Related
Parties</U>&rdquo; means, with respect to any Person, such Person&rsquo;s Affiliates and the direct and indirect holders of Equity Interests,
partners, directors, officers, employees, agents, consultants, trustees, administrators, managers, advisors and representatives of such
Person and of such Person&rsquo;s Affiliates.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Release</U>&rdquo;
means any spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching, seeping, migrating, dumping
or disposing of any Hazardous Material (including the abandonment or discarding of barrels, containers and other closed receptacles containing
any Hazardous Material) into the indoor or outdoor environment, including, without limitation, the movement of Hazardous Materials through
or in the ambient air, soil, surface or ground water, or 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Released
Loan Party</U>&rdquo; has the meaning specified therefor in <U>Section&nbsp;12.24</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Relevant
Governmental Body</U>&rdquo; shall mean the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York,
or a committee officially endorsed or convened by the Board of Governors of the Federal Reserve System 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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Remedial
Action</U>&rdquo; means all actions taken to (a)&nbsp;clean up, remove, remediate, contain, treat, monitor, assess, evaluate or in any
other way address Hazardous Materials in the indoor or outdoor environment; (b)&nbsp;prevent or minimize a Release or threatened Release
of Hazardous Materials so they do not migrate or endanger or threaten to endanger public health or welfare or the indoor or outdoor environment;
(c)&nbsp; perform pre-remedial studies and investigations and post-remedial operation and maintenance activities; or (d)&nbsp;perform
any other actions authorized by 42 U.S.C. &sect; 9601.</P>

<P STYLE="font: 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Removal
Effective Date</U>&rdquo; has the meaning specified therefor in <U>Section&nbsp;10.07(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in"><FONT STYLE="text-decoration: underline double; color: blue">&ldquo;Repayment
Fee&rdquo; has the meaning given to it in the Second Amended and Restated Fee Letter.</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Replacement
Lender</U>&rdquo; has the meaning specified therefor in <U>Section&nbsp;4.02(a)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Replacement
Rate</U>&rdquo; has the meaning specified therefor in <U>Section&nbsp;2.11(g)</U>. &ldquo;<U>Report</U>&rdquo; has the meaning specified
therefor in <U>Section&nbsp;10.12(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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Reportable
Event</U>&rdquo; means an event described in Section&nbsp;4043 of ERISA (other than an event not subject to the provision for 30-day
notice to the PBGC under the regulations promulgated under such Section).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Required
Amount</U>&rdquo; has the meaning specified therefor in <U>Section&nbsp;2.09(f)(i)</U>. &ldquo;<U>Required Lenders</U>&rdquo; means Lenders
whose Pro Rata Shares (calculated in accordance with clause (d)&nbsp;of the definition thereof) aggregate at least 50.1%.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Requirements
of Law</U>&rdquo; means, with respect to any Person, collectively, the common law and all federal, state, provincial, local, foreign,
multinational or international laws, statutes, codes, treaties, standards, rules&nbsp;and regulations, guidelines, ordinances, orders,
judgments, writs, injunctions, decrees (including administrative or judicial precedents or authorities) and the interpretation or administration
thereof by, and other determinations, directives, requirements or requests of, any Governmental Authority, in each case that are applicable
to or legally binding upon such Person or any of its property or to which such Person or any of its property is subject.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Reserves</U>&rdquo;
means any Availability Reserves, without duplication of Availability Reserves, Dilution Reserves,&nbsp;Inventory Reserves,&nbsp;Intellectual
Property Reserves and such amounts as the Administrative Agent may from time to time establish against the Borrowing Base in the exercise
of the Administrative Agent&rsquo;s Permitted Discretion in accordance with customary business practices for comparable asset based transactions
in order (i)&nbsp;to preserve the value of the Collateral or the Collateral Agent&rsquo;s Lien thereon, (ii)&nbsp;to provide for the
payment of accrued and unpaid liabilities of any Loan Party (including, without limitation, tax liabilities, royalties and consignment
payables), (iii)&nbsp;to reflect the impediments to the Administrative Agent&rsquo;s or the Collateral Agent&rsquo;s ability to realize
upon the Collateral, (iv)&nbsp;to reflect claims and liabilities that the Administrative Agent or the Collateral Agent reasonably determine(s)&nbsp;will
need to be satisfied in connection with the realization upon the Collateral, and (v)&nbsp;to reflect criteria, events, conditions, contingencies
or risks which adversely affect any component of the Borrowing Base, in each case of the foregoing, without duplication and only to the
extent that such has not been taken into account in the calculation of the Borrowing Base. It is understood and agreed that in the event
that any of the events, conditions, liabilities, risks, contingencies or circumstances underlying the establishment or maintenance of
any such Reserve shall cease to exist or has been reduced, then such Reserve shall be rescinded or reduced in an amount as determined
by the Administrative Agent in its reasonable discretion.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Resignation
Effective Date</U>&rdquo; has the meaning specified therefor in <U>Section 10.07(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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Restricted
Payment</U>&rdquo; has the meaning specified therefor in <U>Section&nbsp;7.02(f)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Sallyport</U>&rdquo;
has the meaning specified therefor in <U>Section&nbsp;5.01(d)(xxiv)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Sallyport
Agreements</U>&rdquo; has the meaning specified therefor in <U>Section 5.01(d)(xxiv).</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Sanctioned
Person</U>&rdquo; means any individual person, group, regime, entity or thing listed or otherwise recognized as a specially designated,
prohibited, or debarred person under any of the U.S. Anti-Money Laundering and Anti-Terrorism 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>SEC</U>&rdquo;
means the Securities and Exchange Commission or any other similar or successor agency of the Federal government administering the Securities
Act.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>SEC
Documents</U>&rdquo; has the meaning given to such term in <U>Section&nbsp;6.01(q)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in"><FONT STYLE="text-decoration: underline double; color: blue">&ldquo;Second
Amended and Restated Fee Letter&rdquo; means that certain Second Amended&nbsp;and Restated Fee Letter, dated as of December&nbsp;17,
2025, by and among the Borrower, the other Loan Parties and the Administrative Agent, as the same may be amended, restated, supplemented
or otherwise modified from time to time.</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Second
Amendment</U>&rdquo; means the Second Amendment to Credit Agreement dated as of the Second Amendment Effective Date between the Borrower,
the Guarantors, the Lenders party thereto 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Second
Amendment Effective Date</U>&rdquo; means June&nbsp;21, 2022.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Secured
Party</U>&rdquo; means any Agent and any 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Securities
Act</U>&rdquo; means the Securities Act of 1933, as amended, or any similar Federal statute, and the rules&nbsp;and regulations of the
SEC thereunder, all as the same shall be in effect from time to time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Securitization</U>&rdquo;
has the meaning specified therefor in <U>Section&nbsp;12.07(j)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Security
Agreement</U>&rdquo; means a Pledge and Security Agreement, dated as of the Effective Date, made by a Loan Party in favor of the Collateral
Agent for the benefit of the Agents and the Lenders, in form and substance reasonably acceptable to the Required Lenders, securing the
Obligations and delivered to 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Security
Document</U>&rdquo; shall mean collectively, the Security Agreement, the Dutch Security Documents, the UK Security Documents, the Belgian
Security Documents, any mortgage, collateral access agreement, each other document, instrument or agreement pursuant to which any Person
grants a Lien or encumbrance on Collateral that is executed and delivered pursuant to this Agreement or any other Loan Documents or otherwise
in connection with the transactions contemplated hereby or thereby and each notice, document, instrument or agreement to be delivered
to any Person or Governmental Authority in connection with the foregoing, in order to confer a first priority security interest in the
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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Senior
Indebtedness</U>&rdquo; has the meaning specified therefor in <U>Section&nbsp;12.02(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Senior
Leverage Ratio</U>&rdquo; means, on any date of determination, the ratio of (a)&nbsp;the sum of (i)&nbsp;amount of Obligations outstanding
under this Agreement and any other Loan Document plus (ii)&nbsp;amount of Capitalized Lease Obligations plus (iii)&nbsp;any other Indebtedness
that is pari passu in payment or security with the Obligations outstanding under this Agreement and any other Loan Document, to (b)&nbsp;the
Consolidated Adjusted EBITDA of the Loan Parties for the four consecutive fiscal quarter period ending prior to such date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Seventh
Amendment</U>&rdquo; means the Seventh Amendment and Waiver to this Agreement dated as of August&nbsp;12, 2024.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Seventh
Amendment Effective Date</U>&rdquo; means August&nbsp;12, 2024.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Shares</U>&rdquo;
has the meaning specified therefor in <U>Section&nbsp;6.01(ll)</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Shrink</U>&rdquo;
means Inventory that has been lost, misplaced, stolen, or is otherwise unaccounted for.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Shrink
Reserve</U>&rdquo; means an amount reasonably estimated by the Administrative Agent to be equal to that amount which is required in order
that the Shrink reflected in current books and records of the Loan Parties would be reasonably equivalent to the Shrink calculated as
part of the Loan Parties&rsquo; most recent physical Inventory (it being understood and agreed that no Shrink Reserve established by
the Administrative Agent shall be duplicative of any Shrink as so reflected in the current books and records of the Loan Parties&rsquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Significant
Subsidiary</U>&rdquo; means, as of any date of determination, (a)&nbsp;each of Boxlight,&nbsp;Inc., a Washington corporation, Sahara
Presentation Systems,&nbsp;Inc., a Delaware corporation, Sahara Presentation Systems,&nbsp;Ltd., each UK Obligor, Clevertouch B.V. a
Netherlands corporation,&nbsp;Interactive Concepts BV, a Belgium corporation, and FrontRow Calypso, LLC, a Delaware limited liability
company, and (b)&nbsp;each other Subsidiary of the Borrower that represents ten percent (10%) or more of the consolidated assets or Consolidated
Adjusted EBITDA of the Borrower and its consolidated Subsidiaries; <I>provided </I>that no Subsidiary shall constitute a Subsidiary that
is not a Significant Subsidiary if the consolidated assets or Consolidated Adjusted EBITDA of any such Subsidiary together with the consolidated
assets or Consolidated Adjusted EBITDA each other Subsidiary that is not a Significant Subsidiary represent, in the aggregate, ten percent
(10%) or more of the consolidated assets or Consolidated Adjusted EBITDA of the Borrower and its consolidated 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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Sixth
Amendment</U>&rdquo; means the Sixth Amendment to Credit Agreement dated as of the Sixth Amendment Effective Date between the Borrower,
the Guarantors, the Lenders party thereto 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Sixth
Amendment Effective Date</U>&rdquo; means April&nbsp;19, 2024.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Small
Business Act</U>&rdquo; means the Small Business Act (15 U.S. Code Chapter 14A &ndash; Aid to Small 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>SOFR
Borrowing</U>&rdquo; means, as to any borrowing of Loans, 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>SOFR
Deadline</U>&rdquo; has the meaning specified therefor in <U>Section&nbsp;2.11(a)</U>. &ldquo;<U>SOFR Loan</U>&rdquo; means a Loan that
bears interest at a rate based on Term SOFR, other than pursuant to clause (iii)&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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>SOFR
Notice</U>&rdquo; has the meaning specified therefor in <U>Section&nbsp;2.11(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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 1in; color: blue"><FONT STYLE="text-decoration: underline double">&ldquo;Tenth
Amendment&rdquo; means the Forbearance Agreement and Tenth Amendment to this Agreement dated December&nbsp;2, 2025.</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 1in"><FONT STYLE="text-decoration: underline double; color: blue">&ldquo;Tenth
Amendment Effective Date&rdquo; means December&nbsp;2, 2025.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>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; provided, however, 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 and a Benchmark Replacement Date with respect to the Term SOFR Reference
Rate has not occurred, then Term SOFR will be the Term SOFR Reference Rate for such tenor as published by the Term SOFR Administrator
on the first preceding U.S. Government Securities Business Day for which such Term SOFR Reference Rate for such tenor was published by
the Term SOFR Administrator so long as such first preceding U.S. Government Securities Business Day is not more than three (3)&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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>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; provided, 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 and a Benchmark Replacement Date with respect to the Term SOFR Reference Rate has not occurred, then Term SOFR
will be the Term SOFR Reference Rate for such tenor as published by the Term SOFR Administrator on the first preceding U.S. Government
Securities Business Day for which such Term SOFR Reference Rate for such tenor was published by the Term SOFR Administrator so long as
such first preceding U.S. Government Securities Business Day is not more than three (3) U.S. Government Securities Business Days prior
to such Base Rate 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Term
SOFR Adjustment</U>&rdquo; means (a)&nbsp;for any calculation with respect to a SOFR Loan with an Interest Period of three months, 0.26161%,
and (b)&nbsp;for any calculation with respect to a Base Rate Loan, 0.11448%.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Term
SOFR Administrator</U>&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 0pt 0.25in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Term
SOFR Reference Rate</U>&rdquo; 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Solvent</U>&rdquo;
means, with respect to any Person on a particular date, that on such date (a)&nbsp;the fair value of the property of such Person on a
going concern basis is not less than the total amount of the liabilities of such Person, (b)&nbsp;the present fair salable value of the
assets of such Person on a going concern basis is not less than the amount that will be required to pay the probable liability of such
Person on its existing debts as they become absolute and matured, (c)&nbsp;such Person is able to realize upon its assets and pay its
debts and other liabilities, contingent obligations and other commitments as they mature in the normal course of business, (d)&nbsp;such
Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person&rsquo;s ability to pay as
such debts and liabilities mature, and (e)&nbsp;such Person is not engaged in business or a transaction, and is not about to engage in
business or a transaction, for which such Person&rsquo;s property would constitute unreasonably small capital. For purposes of this definition,
the amount of any contingent liability at any time shall be computed as the amount that, in light of all of the facts and circumstances
existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability (irrespective of
whether such contingent liabilities meet the criteria for accrual under Statement of Financial Accounting Standard No.&nbsp;5).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Specified
Communication</U>&rdquo; has the meaning specified therefor in <U>Section&nbsp;12.25</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Standard&nbsp;&amp;
Poor&rsquo;s</U>&rdquo; means Standard&nbsp;&amp; Poor&rsquo;s Ratings Services, a division of S&amp;P Global 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Subordination
Agreement</U>&rdquo; means <FONT STYLE="color: red"><STRIKE>the</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">a</FONT>
subordination and intercreditor agreement between the Borrower, the Subordinated Lender<FONT STYLE="text-decoration: underline double; color: blue">,
the Administrative Agent</FONT> and the Collateral Agent<FONT STYLE="color: red"><STRIKE> and substantially in the form of </STRIKE><U><STRIKE>Exhibit&nbsp;H
</STRIKE></U><STRIKE>hereto</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">, in form and substance satisfactory
to the Administrative Agent and the Collateral Agent</FONT>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Subordinated
Indebtedness</U>&rdquo; means the collective reference to (a)&nbsp;<FONT STYLE="text-decoration: underline double; color: blue">unsecured </FONT>Indebtedness of the Borrower owed to a Subordinated Lender and containing such terms as shall be reasonably acceptable to the Agents
and the Required Lenders, and (b)&nbsp;other Indebtedness of any Loan Party that (i)&nbsp;is unsecured (unless otherwise consented to
in writing by the Agents and the Required Lenders in their sole discretion), (ii)&nbsp;has been contractually subordinated in right of
payment to all Obligations by the execution and delivery of a subordination agreement, in form and substance satisfactory to the Required
Lenders, (iii)&nbsp;does not mature prior to the date that is 91 days after the Final Maturity Date, (iv)&nbsp;has no scheduled amortization
or payments, repurchases or redemptions of principal prior to the date that is 181 days after the Final Maturity Date, and (v)&nbsp;does
not contain covenants or other terms (other than pricing) that are more restrictive or burdensome to the Loan Parties than those contained
herein, as determined by the Required Lenders 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Subordinated
Lender</U>&rdquo; shall mean a subordinated lender reasonably acceptable to the Agents and the Required Lenders with respect to the
Subordinated Indebtedness under clause (a)&nbsp;of the definition thereof that permit instalment payments of principal and accrued
interest thereon to be repaid by the Borrower in the form of shares of Class&nbsp;A Common Stock.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Subordinated
Note</U>&rdquo; shall mean the <FONT STYLE="color: red"><STRIKE>secured or </STRIKE></FONT>unsecured promissory note containing such
terms as shall be reasonably acceptable to the Agents and the Required Lenders issued by the Borrower to the Subordinated Lender that
is subject to 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Subsidiary</U>&rdquo;
means, with respect to any Person at any date, any corporation, limited or general partnership, limited liability company, trust, estate,
association, joint venture or other business entity (a)&nbsp;the accounts of which would be consolidated with those of such Person in
such Person&rsquo;s consolidated financial statements if such financial statements were prepared in accordance with GAAP or (b)&nbsp;of
which more than 50% of (i)&nbsp;the outstanding Equity Interests having (in the absence of contingencies) ordinary voting power to elect
a majority of the Board of Directors of such Person, (ii)&nbsp;in the case of a partnership or limited liability company, the interest
in the capital or profits of such partnership or limited liability company or (iii)&nbsp;in the case of a trust, estate, association,
joint venture or other entity, the beneficial interest in such trust, estate, association or other entity business is, at the time of
determination, owned or controlled directly or indirectly through one or more intermediaries, by such Person.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Swap</U>&rdquo;
means any &ldquo;swap&rdquo; as defined in Section&nbsp;1a(47) of the CEA and regulations thereunder other than (a)&nbsp;a swap entered
into on, or subject to the rules&nbsp;of, a board of trade designated as a contract market under Section&nbsp;5 of the CEA, or (b)&nbsp;a
commodity option entered into pursuant to CFTC Regulation 32.3(a).</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Swap
Obligation</U>&rdquo; means any obligation to pay or perform under any agreement, contract or transaction that constitutes a 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Taxes</U>&rdquo;
means all present or future taxes, value added taxes, levies, imposts, duties, deductions, withholdings (including backup withholding),
assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable
thereto.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Term
Loan</U>&rdquo; and &ldquo;<U>Term Loans</U>&rdquo; / &ldquo;<U>Loan</U>&rdquo; and &ldquo;<U>Loans</U>&rdquo; means the Initial Term
Loan, the Delayed Draw Term Loan, any Reborrowed Amount, the April&nbsp;2024 Bridge Loan, the June&nbsp;2024 Bridge Loan, the March&nbsp;2025
Bridge Loan and any other loans made by a Lender to the Borrower pursuant to <U>ARTICLE&nbsp;II</U> 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Term
Loan Commitment</U>&rdquo; means, with respect to each Lender, such Lender&rsquo;s Initial Term Loan Commitment, Delayed Draw Term Loan
Commitment, April&nbsp;2024 Bridge Loan Commitment and June&nbsp;2024 Bridge Loan Commitment.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Term
Loan Lender</U>&rdquo; means a Lender with a Term Loan Commitment or a Term 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Termination
Event</U>&rdquo; means (a)&nbsp;a Reportable Event with respect to any Employee Plan, (b)&nbsp;any event that causes any Loan Party or
any of its ERISA Affiliates to incur liability under Section&nbsp;515 (other than for payment of timely contributions to one or more
Multiemployer Plans), 4062, 4063, 4064, 4069, 4201, 4204 or 4212 of ERISA or Section&nbsp;4971 of the Internal Revenue Code, (c)&nbsp;the
filing of a notice of intent to terminate an Employee Plan or the treatment of an Employee Plan amendment as a termination under Section&nbsp;4041
ERISA, (d)&nbsp;the institution of proceedings by the PBGC to terminate an Employee Plan, or (e)&nbsp;any other event or condition that
could reasonably be expected to constitute grounds under Section&nbsp;4042 of ERISA for the termination of, or the appointment of a trustee
to administer, any Employee 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; text-indent: 1in; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: red"><STRIKE>&ldquo;</STRIKE><U><STRIKE>Test
Period</STRIKE></U><STRIKE>&rdquo; has the meaning specified therefor in </STRIKE><U><STRIKE>Section&nbsp;7.03(a)</STRIKE></U><STRIKE>.</STRIKE></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in; color: blue"><FONT STYLE="text-decoration: underline double">&ldquo;Testing
Period&rdquo; means a single period consisting of three (3), four (4), five (5), six(6), seven (7), eight (8), nine (9), ten (10), eleven
(11) or twelve (12) consecutive Fiscal Months of the Loan Parties then last ended (whether or not such Fiscal Months are all within the
same Fiscal Year).</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Third
Amendment</U>&rdquo; means the Third Amendment to this Agreement dated as of April&nbsp;24, 2023.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Third
Amendment Effective Date</U>&quot; means April&nbsp;24, 2023.</P>

<P STYLE="font: 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Title
Insurance Policy</U>&rdquo; means a mortgagee&rsquo;s loan policy, in form and substance reasonably satisfactory to the Required Lenders,
together with all reasonable and customary endorsements as the Collateral Agent or the Required Lenders may reasonably request to the
extent the same are available in the applicable jurisdiction at commercially reasonable rates, provided however that (i)&nbsp;in lieu
of a zoning endorsement the Collateral Agent shall accept a zoning report from a nationally recognized zoning report provider and (ii)&nbsp;an
ALTA 9, Comprehensive Endorsement, shall not be required if not available at a nominal rate, issued by or on behalf of a title insurance
company reasonably satisfactory to the Required Lenders, insuring the Lien created by a Mortgage in an amount equal to the original principal
balance of any such mortgage loan, delivered to 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Total
Term Loan Commitment</U>&rdquo; means the sum of the amounts of the Lenders&rsquo; Term Loan 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Transactions</U>&rdquo;
means, collectively, the transactions to occur on or about the Effective Date pursuant to the Loan Documents, including (a)&nbsp;the
execution, delivery and performance of the Loan Documents and the making of the Initial Term Loan hereunder, (b)&nbsp;the payment in
full of all obligations owed to Sallyport and Barclays Bank plc, (c)&nbsp;the Effective Date Acquisition and (d)&nbsp;the payment of
all fees and expenses to be paid on or prior to the Effective Date and owing in connection with the foregoing.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Transferee</U>&rdquo;
means any Agent or any Lender (or any transferee or assignee thereof, including a participation holder).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>UK
Insolvency Proceeding</U>&rdquo; with respect to each UK Obligor means (a)&nbsp;any step is taken with a view to a moratorium or a composition,
assignment or similar arrangement with any of its creditors; (b)&nbsp;a meeting of its shareholders, directors or other officers is convened
for the purpose of considering any resolution for, to petition for or to make an application to or to file documents with a court or
any registrar for, its winding-up, administration or dissolution or any such resolution is passed; (c)&nbsp;an order is made for its
winding-up, administration or dissolution, or any Person presents a petition, or makes an application to or files documents with a court
or any registrar, for its winding-up, administration or dissolution, or gives notice to Bank of an intention to appoint an administrator
save where (in the case of a winding-up petition) it is vexatious or frivolous and discharged within fourteen (14) days; (d)&nbsp;any
liquidator, receiver, administrative receiver, administrator or similar officer is appointed in respect of it or any of its assets; or
(e)&nbsp;its shareholders, directors or other officers request the appointment of, or give notice of their intention to appoint, a liquidator,
receiver, administrator or similar officer.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>UK
Obligor</U>&rdquo; means each of and collectively, each English Obligor and the NI Obligor.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>UK
Security Documents</U>&rdquo; means, collectively,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">(a)
&#8239;&#8239;&#8239;&#8239;&#8239;each English law all asset debenture, pursuant to which the English Obligors grant security in favour
of the Collateral Agent,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
English law share charge, pursuant to which Boxlight Corporation grants a fixed charge over the equity interests it holds in Sahara Holdings
Limited in favor of 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Northern Irish law all asset debenture, pursuant to which the NI Obligor grants security in favour of 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>the
Northern Irish law share charge, pursuant to which Boxlight Inc. grants a fixed charge over the equity interests it holds in Boxlight
Group Limited in favor of the Collateral 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
other Security Document governed by English or Northern Irish law.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Unapproved
Budget</U>&rdquo; has <FONT STYLE="font-size: 10pt">the meaning specified therefor in <U>Section </U></FONT><U>7.01(a)(xviii)</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Uniform
Commercial Code</U>&rdquo; has the meaning specified therefor in <U>Section&nbsp;1.04</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>U.S.
Government Securities Business Day</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>U.S.
Person</U>&rdquo; means any Person that is a &ldquo;United States Person&rdquo; as defined in Section&nbsp;7701(a)(30) of the Internal
Revenue 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>U.S.
Tax Compliance Certificate</U>&rdquo; has the meaning specified therefor in <U>Section 2.07(d)(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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>USA
PATRIOT Act</U>&rdquo; means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct
Terrorism (PATRIOT) Act of 2001 (Title III of Pub. L. 107-56, Oct.&nbsp;26, 2001) as amended by the USA Patriot Improvement and Reauthorization
Act of 2005 (Pub. L. 109-177, March&nbsp;9, 2006) and as the same may have been or may be further renewed, extended, amended, or replaced.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Value</U>&rdquo;
shall mean, as reasonably determined by the Administrative Agent in good faith, with respect to Inventory, cost (computed on a first-in
first-out basis in accordance with GAAP); <I>provided</I>, that, for purposes of the calculation of the Borrowing Base, the Value of
the Inventory shall not include: (a)&nbsp;the portion of the Value of Inventory equal to the profit earned by any Affiliate on the sale
thereof to a Loan Party, (b)&nbsp;write-ups or write-downs in value with respect to currency exchange rates, (c)&nbsp;freight costs and
duties associated with the transportation of Inventory to distribution points, (d)&nbsp;Inventory capitalization costs or other non purchase
price charges used in the calculation of cost of goods sold or (e)&nbsp;any &ldquo;step-ups&rdquo; calculated in connection with any
acquisition.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>WARN</U>&rdquo;
has the meaning specified therefor in <U>Section&nbsp;6.01(z)</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Warrant</U>&rdquo;
means that certain warrant, dated the Effective Date, and issued by the Borrower to Whitehawk 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">&ldquo;<U>Withholding
Agent</U>&rdquo; means any Loan Party 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;1.02
</FONT><U>Terms Generally</U>. The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined.
Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words &ldquo;include&rdquo;,
&ldquo;includes&rdquo; and &ldquo;including&rdquo; shall be deemed to be followed by the phrase &ldquo;without limitation&rdquo;. The
word &ldquo;will&rdquo; shall be construed to have the same meaning and effect as the word &ldquo;shall&rdquo;. Unless the context requires
otherwise, (a)&nbsp;any definition of or reference to any agreement, instrument or other document herein shall be construed as referring
to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions
on such amendments, supplements or modifications set forth herein), (b)&nbsp;any reference herein to any Person shall be construed to
include such Person&rsquo;s successors and assigns, (c)&nbsp;the words &ldquo;herein&rdquo;, &ldquo;hereof&rdquo; and &ldquo;hereunder&rdquo;,
and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof,
(d)&nbsp;all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of,
and Exhibits and Schedules to, this Agreement and (e)&nbsp;the words &ldquo;asset&rdquo; and &ldquo;property&rdquo; shall be construed
to have the same meaning and effect and to refer to any right or interest in or to assets and properties of any kind whatsoever, whether
real, personal or mixed and whether tangible or intangible.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;1.03
</FONT><U>Certain Matters of Construction</U>. A Default or Event of Default shall be deemed to exist at all times during the period
commencing on the date that such Default or Event of Default occurs to the date on which such Default or Event of Default is waived in
writing (which may include e-mail) pursuant to this Agreement or, in the case of a Default, is cured within any period of cure expressly
provided for in this Agreement; and an Event of Default shall &ldquo;continue&rdquo; or be &ldquo;continuing&rdquo; until such Event
of Default has been waived in writing (which may include e-mail) by the Required Lenders. Any Lien referred to in this Agreement or any
other Loan Document as having been created in favor of any Agent, any agreement entered into by any Agent pursuant to this Agreement
or any other Loan Document, any payment made by or to or funds received by any Agent pursuant to or as contemplated by this Agreement
or any other Loan Document, or any act taken or omitted to be taken by any Agent, shall, unless otherwise expressly provided, be created,
entered into, made or received, or taken or omitted, for the benefit or account of the Agents and the Lenders. Wherever the phrase &ldquo;to
the knowledge of any Loan Party&rdquo; or words of similar import relating to the knowledge or the awareness of any Loan Party are used
in this Agreement or any other Loan Document, such phrase shall mean and refer to (i)&nbsp;the actual knowledge of a senior officer of
any Loan Party or (ii)&nbsp;the knowledge that a senior officer would have obtained if such officer had engaged in good faith and the
reasonable performance of such officer&rsquo;s duties, including the making of such reasonably specific inquiries as may be necessary
of the employees or agents of such Loan Party and a good faith attempt to ascertain the existence or accuracy of the matter to which
such phrase relates. All covenants hereunder shall be given independent effect so that if a particular action or condition is not permitted
by any of such covenants, the fact that it would be permitted by an exception to, or otherwise within the limitations of, another covenant
shall not avoid the occurrence of a default if such action is taken or condition exists. In addition, all representations and warranties
hereunder shall be given independent effect so that if a particular representation or warranty proves to be incorrect or is breached,
the fact that another representation or warranty concerning the same or similar subject matter is correct or is not breached will not
affect the incorrectness of a breach of a representation or warranty hereunder. For purposes of covenant compliance, the amount of any
Investment by a Loan Party or any of its Subsidiaries in any other Loan Party or Subsidiary of a Loan Party shall be the greater of (i)&nbsp;the
amount actually invested decreased by and distributions representing a return of capital with respect to such Investment received by
a Loan Party or a Subsidiary and (ii)&nbsp;zero.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;1.04
</FONT><U>Accounting and Other Terms</U>. (a)&nbsp;Unless otherwise expressly provided herein, each accounting term used herein shall
have the meaning given it under GAAP applied on a basis consistent with those used in preparing the Financial Statements. All terms used
in this Agreement which are defined in Article&nbsp;8 or Article&nbsp;9 of the Uniform Commercial Code as in effect from time to time
in the State of New York (the &ldquo;<U>Uniform Commercial Code</U>&rdquo;) and which are not otherwise defined herein shall have the
same meanings herein as set forth therein, provided that terms used herein which are defined in the Uniform Commercial Code as in effect
in the State of New York on the Effective Date shall continue to have the same meaning notwithstanding any replacement or amendment of
such statute except as the Required Lenders and the Borrower may otherwise agree in writing.</P>

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

<P STYLE="margin: 0pt 0 0pt 0.25in; font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>For
purposes of determining compliance with any covenant (including the computation of any financial covenant) contained herein,&nbsp;Indebtedness
of the Borrower and its Subsidiaries shall be deemed to be carried at 100% of the outstanding principal amount thereof, and the effects
of FASB ASC 825 and FASB ASC 470-20 on financial liabilities shall be disregarded. If at any time any change in GAAP would affect the
computation of any financial ratio or requirement set forth in any Loan Document, and either the Borrower or the Required Lenders shall
so request, the Required Lenders and the Borrower shall negotiate in good faith to amend such ratio or requirement to preserve the original
intent thereof in light of such change in GAAP (subject to the approval of the Required Lenders and the Borrower); <I>provided </I>that,
until so amended, (i)&nbsp;such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein
and (ii)&nbsp;the Borrower shall provide to the Administrative Agent and the Lenders financial statements and other documents required
under this Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations of such ratio or requirement
made before and after giving effect to such change 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 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>For
purposes of determining compliance with any incurrence or expenditure tests set forth in Section&nbsp;7.01, Section&nbsp;7.02 and Section&nbsp;7.03,
any amounts so incurred or expended (to the extent incurred or expended in a currency other than Dollars) shall be converted into Dollars
on the basis of the exchange rates (as shown on the Bloomberg currency page&nbsp;for such currency or, if the same does not provide such
exchange rate, by reference to such other publicly available service for displaying exchange rates as may be reasonably selected by the
Agents or, in the event no such service is selected, on such other basis as is reasonably satisfactory to the Agents) as in effect on
the date of such incurrence or expenditure under any provision of any such Section&nbsp;that has an aggregate Dollar limitation provided
for therein (and to the extent the respective incurrence or expenditure 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 rates (as shown on the Bloomberg currency page&nbsp;for such currency or, if the same does
not provide such exchange rate, by reference to such other publicly available service for displaying exchange rates as may be reasonably
selected by the Agents or, in the event no such service is selected, on such other basis as is reasonably satisfactory to the Agents)
as in effect on the date of any new incurrence or expenditures 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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;1.05
</FONT><U>Time References</U>. Unless otherwise indicated herein, all references to time of day refer to Eastern Standard Time or Eastern
Daylight Saving Time, as in effect in New York on such day. For purposes of the computation of a period of time from a specified date
to a later specified date, the word &ldquo;from&rdquo; means &ldquo;from and including&rdquo; and the words &ldquo;to&rdquo; and &ldquo;until&rdquo;
each means &ldquo;to but excluding&rdquo;; <I>provided, however</I>, that with respect to a computation of fees or interest payable to
any Agent or any Lender, such period shall in any event consist of at least one full 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;1.06
</FONT><U>Rates</U>. The Administrative Agent does not warrant or accept 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 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)&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 (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,
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">&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="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="color: #010000"><B>ARTICLE&nbsp;II</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 197.5pt; text-indent: 0.25in"><FONT STYLE="color: #010000"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>THE TERM LOANS</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;2.01<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Commitments</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 0.25in; text-align: justify; text-indent: 1in">(a)</P>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">(i)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Subject
to the terms and conditions and relying upon the representations and warranties herein set forth, each Initial Term Loan Lender severally
agrees to make the $58,500,000 Initial Term Loan to the Borrower on the Effective Date, in an aggregate principal amount equal to the
amount of such Initial Term Loan Lender&rsquo;s Initial Term Loan Commitment.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">(ii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Subject
to the terms and conditions and relying upon the representations and warranties herein set forth, each Delayed Draw Term Loan Lender
severally agrees to, make Delayed Draw Term Loans to the Borrower at any time and from time to time after the Effective Date until the
Delayed Draw Term Loan Expiration Date. The principal amount of any Delayed Draw Term Loan to be made by any Delayed Draw Term Loan Lender
shall not exceed such Delayed Draw Term Loan Lender&rsquo;s remaining unfunded Delayed Draw Term Loan Commitment; <I>provided </I>that
other than a (x)&nbsp;$2,500,000 Delayed Draw Term Loan that is made on or about the Second Amendment Effective Date and (y) $3,000,000
Delayed Draw Term Loan that is to be made on or about the April&nbsp;24, 2023, no Delayed Draw Term Loans shall be made, if, after giving
effect to any such Delayed Draw Term Loans, the aggregate amount of Loans outstanding at any time shall exceed the then Borrowing Base.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">(iii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Subject
to the terms and conditions and relying upon the representations and warranties herein set forth, each April&nbsp;2024 Bridge Loan Lender
severally agrees to make the April&nbsp;2024 Bridge Loan to the Borrower on the Sixth Amendment Effective Date, but only so long as the
April&nbsp;2024 Bridge Loan Funding Conditions are satisfied on such date. The principal amount of the April&nbsp;2024 Bridge Loan to
be made by any April&nbsp;2024 Bridge Loan Lender shall not exceed such April&nbsp;2024 Bridge Loan Lender&rsquo;s remaining unfunded
April&nbsp;2024 Bridge Loan Commitment.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">(iv)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Subject
to the terms and conditions and relying upon the representations and warranties herein set forth, each June&nbsp;2024 Bridge Loan Lender
severally agrees to make the June&nbsp;2024 Bridge Loan to the Borrower on the June&nbsp;2024 Bridge Loan Funding Date, but only so long
as the June&nbsp;2024 Bridge Loan Funding Conditions are satisfied on such date. The principal amount of the June&nbsp;2024 Bridge Loan
to be made by any June&nbsp;2024 Bridge Loan Lender shall not exceed such June&nbsp;2024 Bridge Loan Lender&rsquo;s remaining unfunded
June&nbsp;2024 Bridge Loan Commitment; <I>provided </I>that June&nbsp;2024 Bridge Loan (or a portion thereof) shall not be made, if,
after giving effect to the June&nbsp;2024 Bridge Loan, the aggregate amount of Term Loans outstanding at any time shall exceed the then
Borrowing Base.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">(v)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Subject
to the terms and conditions and relying upon the representations and warranties herein set forth, each March&nbsp;2025 Bridge Loan Lender
severally agrees to make the March&nbsp;2025 Bridge Loan to the Borrower on the Eighth Amendment Effective Date, but only so long as
the March&nbsp;2025 Bridge Loan Funding Conditions are satisfied on such date. The principal amount of the March&nbsp;2025 Bridge Loan
to be made by any March&nbsp;2025 Bridge Loan Lender shall not exceed such March&nbsp;2025 Bridge Loan Lender&rsquo;s remaining unfunded
March&nbsp;2025 Bridge Loan Commitment.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">(vi)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT></FONT>The
Borrower and the other Loan Parties acknowledge and agree that the Initial Term Loan, the Delayed Draw Term Loans, each of the April/June&nbsp;2024
Bridge Loan and the March&nbsp;2025 Bridge Loan shall be funded at a discount to their face value; i.e. &ldquo;original issue discount&rdquo;,
which is payable to the Term Loan Lenders and, as such, the &ldquo;original issue discount&rdquo; shall not be advanced to Borrower on
the date of making of each such Term Loan; <U>provided</U>, <U>however</U>, that such &ldquo;original issue discount&rdquo; constitutes
a portion of the outstanding indebtedness evidenced by this Agreement held by the Term Loan Lenders for all other purposes under this
Agreement and the other Loan Documents (including determination of interest, <FONT STYLE="text-decoration: underline double; color: blue">Repayment
Fee, </FONT>the Prepayment Premium, the April/June&nbsp;2024 Bridge Loan Fee, the March&nbsp;2025 Bridge Loan Fee and amount due on the
Final Maturity Date (including the <FONT STYLE="color: red"><STRIKE>Exit</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">Repayment</FONT>
Fee)), the Term Loan Lenders shall be deemed to have provided a Term Loan in the full amount of 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 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; color: #010000">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Notwithstanding
the foregoing, (i)&nbsp;the aggregate principal amount of the Initial Term Loan made on the Effective Date shall not exceed the aggregate
$58,500,000 Initial Term Loan Commitments of all Lenders, (ii)&nbsp;the aggregate principal amount of all Delayed Draw Term Loans shall
not exceed the aggregate $10,000,000 Delayed Draw Term Loan Commitments of all Lenders, (iii)&nbsp;the aggregate principal amount of
the April&nbsp;2024 Bridge Loan shall not exceed $2,000,000, (iv)&nbsp;the aggregate principal amount of the June&nbsp;2024 Bridge Loan
shall not exceed $3,000,000, (v)&nbsp;the aggregate principal amount of the March&nbsp;2025 Bridge Loan shall not exceed $2,500,000 and
(vi)&nbsp;other than with respect to the making of the April&nbsp;2024 Bridge Loan and the March&nbsp;2025 Bridge Loan, the aggregate
amount of Loans outstanding at any time shall not exceed the then Borrowing Base. Any principal amount of any Term Loan which is repaid
or prepaid may not be reborrowed; <I>provided, however</I>, that if, prior to the one (1)&nbsp;year anniversary of the Effective Date,
any portion of the Initial Term Loan that exceeds the then Borrowing Base is required to be repaid by the Loan Parties pursuant to <U>Section&nbsp;2.5(c)(vii)</U>,
such amount may subsequently be reborrowed so long as the Loan Parties shall be in compliance with the Borrowing Base then in effect
after giving effect to such reborrowing (the &ldquo;<U>Reborrowed Amount</U>&rdquo;); <I>provide further however</I>, (x)&nbsp;the aggregate
amount of all such reborrowings shall not exceed $5,000,000, (y)&nbsp;any such reborrowings with respect to any repayment must be made
not later than the date that is ninety (90) days after such repayment was required to be made pursuant to <U>Section&nbsp; 2.5(c)(vii)</U>&nbsp;and
(z)&nbsp;the Loan Parties shall comply with <U>Section&nbsp;5.03</U> with respect to any such reborrowings. Borrowings of the Reborrowed
Amount shall be deemed to be an Initial Term Loan hereunder and for all purposes 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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;2.02<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Making
the Term Loans</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 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>The
Borrower shall give the Administrative Agent prior written notice (in substantially the form of <U>Exhibit&nbsp;B</U> hereto (a &ldquo;<U>Notice
of Borrowing</U>&rdquo;)), not later than 12:00 noon (New York City time) on the date which is three (3)&nbsp;Business Days (or, in the
case of any Delayed Draw Term Loan or Reborrowed Amount, ten (10)&nbsp;Business Day) prior to the date of the proposed Term Loan (or
such shorter period as the Administrative Agent is willing to accommodate from time to time, but in no event later than 12:00 p.m.&nbsp;(New
York City time) on the borrowing date of the proposed Term Loan). Such Notice of Borrowing shall be irrevocable and shall specify (i)&nbsp;the
principal amount of the proposed Term Loan, (ii)&nbsp;whether the Term Loan is requested to be a Reference Rate Loan or a SOFR Loan,
(iii)&nbsp;the proposed borrowing date, which must be a Business Day, and, with respect to the Initial Term Loan, must be the Effective
Date and (iv)&nbsp;the wiring information of the account of the Borrower to which the proceeds of such Loan are to be disbursed. The
Administrative Agent and the Lenders may act without liability upon the basis of written, telecopied or telephonic notice believed by
the Administrative Agent in good faith to be from the Borrower (or from any Authorized Officer thereof designated in writing purportedly
from the Borrower to the Administrative Agent). The Administrative Agent and each Lender shall be entitled to rely conclusively on any
Authorized Officer&rsquo;s authority to request a Term Loan on behalf of the Borrower until the Administrative Agent receives written
notice to the contrary. The Administrative Agent and the Lenders shall have no duty to verify the authenticity of the signature appearing
on any written Notice of Borrowing. Any Delayed Draw Term Loan shall be in an aggregate amount of at least $2,500,000 (except such minimum
amount shall not apply when the Borrower draws all of the remaining Delayed Draw Term Loan Commitments available at such time) and there
shall not be more than (x)&nbsp;four (4)&nbsp;borrowings of Delayed Draw Term Loans and (y)&nbsp;two (2)&nbsp;borrowings of the Reborrowed
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 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Each
Notice of Borrowing pursuant to this <U>Section&nbsp;2.02</U> shall be irrevocable and the Borrower shall be bound to make a borrowing
in accordance therewith.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>
Pro Rata Shares:</P>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">(i)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Except
as otherwise provided in this <U>subsection 2.02(c)</U>, all Loans under this Agreement shall be made by the Lenders simultaneously and
proportionately to their Pro Rata Shares of the total Initial Term Loan Commitment, it being understood that no Lender shall be responsible
for any default by any other Lender in that other Lender&rsquo;s obligations to make a Term Loan requested hereunder, nor shall the Commitment
of any Lender be increased or decreased as a result of the default by any other Lender in that other Lender&rsquo;s obligation to make
a Term Loan requested hereunder, and each Lender shall be obligated to make the Term Loans required to be made by it by the terms of
this Agreement regardless of the failure by any other Lender.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">(ii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Following
the receipt of a Notice of Borrowing, the Administrative Agent shall notify each applicable Lender of the specifics of the Term Loan.
Each applicable Lender shall make its Pro Rata Share of the applicable Loan available to the Administrative Agent, in immediately available
funds, to the Administrative Agent&rsquo;s account no later than 1:00 p.m.&nbsp;(New York time) on the date of the proposed Term Loan.
Upon satisfaction of the applicable conditions set forth in <U>Section&nbsp;5.02</U> (or, if such borrowing is a borrowing of Initial
Term Loan, <U>Sections 5.01</U> and <U>5.02</U>) and receipt of all of the proceeds of the applicable Loan, the Administrative Agent
will make the proceeds of such Loans received by it available to the Borrower on the day of the proposed Term Loan by causing an amount,
in immediately available funds, equal to the proceeds of all such Loans received by the Administrative Agent in the Administrative Agent&rsquo;s
Account to be deposited in the account designated by the Borrower in the applicable Notice of Borrowing.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">(iii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Unless
the Administrative Agent shall have received written notice from a Lender prior to 12:00 p.m.&nbsp;(New York time) on the proposed date
of any borrowing that such Lender will not make available to the Administrative Agent such Lender&rsquo;s share of such borrowing, the
Administrative Agent may assume that each applicable Lender has made the amount of its Loan available to the Administrative Agent on
the applicable borrowing day and the Administrative Agent, in its sole discretion, may, but shall not be obligated to, cause a corresponding
amount to be made available to the Borrower on such day. If the Administrative Agent makes such corresponding amount available to the
Borrower and such corresponding amount is not in fact made available to the Administrative Agent by any such Lender, the Administrative
Agent shall be entitled to recover such corresponding amount on demand from such Lender together with interest thereon, for each day
from the date such payment was due until the date such amount is paid to the Administrative Agent, at the Federal Funds Effective Rate
for three (3)&nbsp;Business Days. Upon any such failure by a Lender to pay the Administrative Agent, the Administrative Agent shall promptly
thereafter notify the Borrower of such failure and the Borrower shall promptly pay any such corresponding amount to the Administrative
Agent for its own account.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">(iv)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Nothing
in this <U>subsection 2.02(c)</U>&nbsp;shall be deemed to relieve any Lender from its obligations to fulfill its Commitments 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;2.03&#8239;&#8239;&#8239;&#8239;</FONT><U>Repayment
of Loans; Evidence of Debt</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">(i)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>The
outstanding unpaid principal of the Term Loans and all accrued and unpaid interest thereon and the Exit Fee and the applicable <FONT STYLE="color: red"><STRIKE>Prepayment
Premium</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">Repayment Fee</FONT>, shall be due and payable in
full on the Final 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 0.25in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">(ii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>The
outstanding unpaid principal of the April/June&nbsp;2024 Bridge Loans and all accrued and unpaid interest thereon and the April/June&nbsp;2024
Bridge Loan Fee, shall be due and payable in full on the April/June&nbsp;2024 Bridge Loan 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 0.25in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">(iii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT></FONT>The
outstanding unpaid principal of the March&nbsp;2025 Bridge Loan and all accrued and unpaid interest thereon and the March&nbsp;2025 Bridge
Loan Fee, shall be due and payable in full on the March&nbsp;2025 Bridge Loan 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 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Each
Lender shall maintain in accordance with its usual practice an account or accounts evidencing the Indebtedness of the Borrower to such
Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender
from time to time hereunder.</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Administrative Agent shall maintain accounts in which it shall record (i)&nbsp;the amount of each Loan made hereunder, (ii)&nbsp;the
amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and (iii)&nbsp;the
amount of any sum received by the Administrative Agent hereunder for the account of the Lenders and each Lender&rsquo;s share thereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(d)&#8239;&#8239;&#8239;&#8239;</FONT>
The entries made in the accounts maintained pursuant to paragraph <U>(c)</U>&nbsp;or <U>(d)</U><FONT STYLE="font-size: 10pt">&#8239;</FONT>of
this Section&nbsp;shall be <U>prima</U> <U>facie</U> evidence of the existence and amounts of the obligations recorded therein; <I>provided
</I>that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall not in any manner
affect the obligation of the Borrower to repay the Term Loans in accordance with the terms of this Agreement. In the event of any conflict
between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent, the accounts and
records of the Administrative Agent shall control in the absence of 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 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(e)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Any
Lender may request that Loans made by it be evidenced by a note. In such event, the Borrower shall execute and deliver to such Lender
a note payable to such Lender (or, if requested by such Lender, to such Lender and its registered assigns). Thereafter, the Term Loans
evidenced by such note and interest thereon shall at all times (including after assignment pursuant to <U>Section&nbsp;12.07</U>) be
represented by one or more notes payable to the payee named therein and its registered assigns.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in"><FONT STYLE="color: #010000">Section&nbsp;2.04&#8239;&#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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Term
Loans</U>.&#8239;&#8239;&#8239;Subject to the terms of this Agreement, at the option of the Borrower, the Term Loan or any portion thereof shall be either
a Reference Rate Loan or a SOFR Loan. Each portion of the Term Loan that is a (i)&nbsp;Reference Rate Loan shall bear interest on the
principal amount thereof from time to time outstanding, from the date of the Term Loan until repaid, at a rate per annum equal to the
sum of (x)&nbsp;the Reference Rate plus (ii)&nbsp;the Applicable Margin, and (ii)&nbsp;each portion of the Term Loan that is a SOFR Loan
shall bear interest on the principal amount thereof from time to time outstanding, from the date of the Term Loan until repaid, at a
rate per annum equal to the sum of (x)&nbsp;Term SOFR for the Interest Period in effect for the Term Loan (or such portion thereof) plus
(y)&nbsp;Term SOFR Adjustment for the Interest Period in effect for the Term Loan (or such portion thereof) plus (z)&nbsp;the Applicable
Margin.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Default
Interest.</U>&#8239;&#8239;&#8239;To the extent permitted by law and notwithstanding anything to the contrary in this Section, upon the occurrence and during
the continuance of an Event of Default, the principal of, and all accrued and unpaid interest on, all Term Loans, fees, indemnities or
any other Obligations of the Loan Parties under this Agreement and the other Loan Documents, shall bear interest, from the date such
Event of Default occurred until the date such Event of Default is cured or waived in writing in accordance herewith, at a rate per annum
equal at all times to the Post-Default Rate.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Interest
Payments</U>.&#8239;&#8239; Interest on each Loan shall be payable <FONT STYLE="color: red"><STRIKE>quarterly</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">monthly</FONT>,
in arrears, on the last day Business Day of each fiscal <FONT STYLE="color: red"><STRIKE>quarter, commencing on March&nbsp;31, 2022</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">month</FONT>
and at maturity (whether upon demand, by acceleration or otherwise). Interest at the Post-Default Rate shall be payable on demand. Interest
on each Term Loan shall be payable in cash.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>General</U>.&#8239;&#8239;
All interest shall be computed on the basis of a year of 360 days for the actual number of days, including the first day but excluding
the last day, elapsed.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(e)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Term
SOFR Conforming Changes</U>.&#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 Credit 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 Credit Document. The Administrative Agent will promptly notify the Borrower and the Lenders of the effectiveness
of any Conforming Changes in connection with the use or administration of Term SOFR.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;2.05&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Reduction
of Commitment; Prepayment of Loans and Mandatory Amortization Amounts</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 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Reduction
of Commitments</U>.&#8239;&#8239;&#8239;The total Initial Term Loan Commitment shall terminate on the Effective Date but only after the funding of the Initial
Term Loan by the Term Loan Lenders. The Delayed Draw Term Loan Commitments shall automatically terminate on the Delayed Draw Term Loan
Expiration Date. The April&nbsp;2024 Bridge Loan Commitments shall automatically terminate on the Sixth Amendment Effective Date but
only after the funding of the April&nbsp;2024 Bridge Loan by the April&nbsp;2024 Bridge Loan Lenders. The June&nbsp;2024 Bridge Loan
Commitments shall automatically terminate on June&nbsp;2024 Bridge Loan Outside Date. The March&nbsp;2025 Loan Commitments shall automatically
terminate on the Eighth Amendment Effective Date but only after the funding of the March&nbsp;2025 Bridge Loan by the March&nbsp;2025
Bridge Loan Lenders. At its option, the Borrower may at any time terminate, or from time to time, permanently reduce, the Delayed Draw
Term Loan Commitments without payment of any Prepayment Premium; <I>provided </I>that each reduction of the Delayed Draw Term Loan Commitments
shall be in an amount that is an integral multiple of $500,000 and not less than $1,000,000.</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 0in; text-indent: 1.5in; text-align: justify"><FONT STYLE="color: #010000">(b)&#8239;&#8239;&#8239;&#8239;&#8239;<U>Optional
Prepayment</U>.</FONT></P>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.75in; text-align: justify"><FONT STYLE="color: #010000">(i)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Term
Loans</U>.&#8239;&#8239;&#8239;Subject to the provisions of clause (b)(ii)&nbsp;below, the Borrower may, at any time and from time to time, upon written
notice to the Administrative Agent received by the Administrative Agent not later than three (3)&nbsp;Business Days&rsquo; prior to the
date of prepayment to prepay the principal of the Term Loans, in whole or in part. Each such notice shall specify the date and amount
of such prepayment. The Administrative Agent shall promptly notify each Term Loan Lender of its receipt of each such notice, and of the
amount of such Term Loan Lender&rsquo;s ratable portion of such prepayment. Each prepayment made pursuant to this clause <U>(b)(i)</U>&nbsp;shall
be irrevocable (except that such notice may be conditional) and shall be accompanied by the payment of (A)&nbsp;accrued interest to the
date of such payment on the amount prepaid, (B)&nbsp;(<FONT STYLE="text-decoration: underline double; color: blue">v)&nbsp;the Repayment
Fee, (</FONT>w)&nbsp;the Prepayment Premium, if any, payable in connection with such prepayment of the Term Loans, (x)&nbsp;the April/June&nbsp;2024
Bridge Loan Fee, (y)&nbsp;the March&nbsp;2025 Bridge Loan Fee, and/or (z)&nbsp;the Exit Fee, (C)&nbsp;any amounts payable under <U>Section&nbsp;2.09</U>
in connection with such prepayment of the Term Loans, and (D)&nbsp;if such prepayment would reduce the outstanding principal amount of
the Term Loans to zero, all fees and other amounts which have accrued or otherwise become payable as of such date. Each such prepayment
shall be applied against the remaining installments of principal due on the Term Loans in the inverse order of maturity.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.75in; text-align: justify"><FONT STYLE="color: #010000">(ii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Prepayment
In Full</U>.&#8239;&#8239;&#8239;The Borrower may, upon at least five (5)&nbsp;Business Days prior written notice to the Administrative Agent, terminate
this Agreement on the Business Day specified in such written notice by paying to the Administrative Agent, in cash, the Obligations (excluding
any unasserted contingent indemnification Obligations), in full, plus the applicable <FONT STYLE="text-decoration: underline double; color: blue">Repayment
Fee, </FONT>Prepayment Premium, April/June&nbsp;2024 Bridge Loan Fee, the March&nbsp;2025 Bridge Loan Fee and Exit Fee, in each case,
if any, payable in connection with such termination of this Agreement. If the Borrower has sent a notice of termination pursuant to this
clause (iv), then the Lenders&rsquo; obligations to extend credit hereunder shall terminate and the Borrower shall be obligated to repay
the Obligations (excluding any unasserted contingent indemnification Obligations) in full, plus the applicable <FONT STYLE="text-decoration: underline double; color: blue">Repayment
Fee, </FONT>Prepayment Premium, April/June&nbsp;2024 Bridge Loan Fee, the March&nbsp;2025 Bridge Loan Fee and Exit Fee, in each case,
if any, payable in connection with such termination of this Agreement on the date set forth as the date of termination of this Agreement
in such notice (except that such termination may be conditioned on the closing of a replacement financing 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 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="font-size: 10pt; color: #010000">(c)&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Mandatory
Amortization Amounts</U>. &#8239;&#8239;As used in this Credit Agreement, the term &ldquo;<U>Mandatory Amortization Amounts</U>&rdquo; shall mean the
obligation of the Loan Parties to amortize or prepay (as the case may be) the Initial Term Loan, any outstanding Delayed Draw Term Loans
and any outstanding March&nbsp;2025 Bridge Loan, 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 0.25in; text-indent: 1.75in; text-align: justify"><FONT STYLE="color: #010000">(i)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;five
percent (5.0%) per Fiscal Year of the original principal amount of the Initial Term Loan (excluding the amount of February&nbsp;2023
Repayment) and any Delayed Draw Term Loan that are made, paid quarterly on the last Business Day of each March, June, September&nbsp;and
December, commencing March&nbsp;31, 2022, until the Final Maturity Date</FONT></FONT><FONT STYLE="font-size: 10pt; color: red"><STRIKE>.</STRIKE></FONT><FONT STYLE="font-size: 10pt; text-decoration: underline double; color: blue">;
<I>provided </I>that (A)&nbsp;with respect to the payment required to be made on September&nbsp;30, 2025, the amortization payment with
respect to the Initial Term Loan shall be not less than $1,000,000 and (B)&nbsp;no amortization payment shall be required for the period
commencing the Eleventh Amendment Effective Date and June&nbsp;30, 2026 and thereafter the first amortization payment shall be made on
September&nbsp;30, 2026.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.75in; text-align: justify"><FONT STYLE="color: #010000">(ii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>within
five (5)&nbsp;Business Days following the receipt of Net Cash Proceeds of any Equity Issuances<FONT STYLE="color: red"><STRIKE>.</STRIKE></FONT> <FONT STYLE="text-decoration: underline double; color: blue">such
Net Cash Proceeds shall be applied as follows: <I>first</I>, 50.0% (or, if an Event of Default then
exists, 100.0%) of such Net Cash Proceeds shall be applied to prepay the Loans; and <I>second</I>, any remaining amount may be retained
by the Loan Parties; <I>provided </I>that the Loan Parties may retain up to $5,000,000 (less any amounts retained by the Loan Parties
pursuant to Section&nbsp;2.05(c)(iv)(C)) of the Net Cash Proceeds of any Equity Issuances
received from and after the Eleventh Amendment Effective Date; <I>provided further </I>that that any Net Cash Proceeds of any Equity
Issuances that are retained (or permitted to be retained) by the Loan Parties shall (x)&nbsp;not be used to make any payment with respect
to any Equity Interests, any Redeemable Preferred Stock and/or any Subordinated Indebtedness and (y)&nbsp;such retained Net Cash Proceeds
shall be allocated for working capital and/or general corporate purposes of the Loan Parties (and shall not be used by or for the benefit
of any Subsidiary of the Borrower that is not a Loan Party without the Administrative Agent&rsquo;s prior written consent).</FONT>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.75in; text-align: justify"><FONT STYLE="color: #010000">(iii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Contemporaneously
with the delivery to the Agents and the Lenders of audited annual financial statements pursuant to <U>Section&nbsp;7.01(a)(ii)</U>, commencing
with the delivery to the Agents and the Lenders of the financial statements for the Fiscal Year ended December&nbsp;31, 2022 or, if such
financial statements are not delivered to the Agents and the Lenders on the date such statements are required to be delivered pursuant
to <U>Section&nbsp; 7.01(a)(ii)</U>, on the date such statements are required to be delivered to the Agents and the Lenders pursuant
to <U>Section&nbsp;7.01(a)(ii)</U>, the Borrower shall prepay the outstanding principal amount of the Term Loans in accordance with <U>Section&nbsp;2.05(d)</U>&nbsp;in
an amount equal to (x)&nbsp;for any Fiscal year ending prior to December&nbsp;31, 2024, the result of (to the extent positive) 50% of
the Excess Cash Flow of the Borrower and its Subsidiaries for such Fiscal Year; <I>provided, that </I>such percentage of Excess Cash
Flow payable for such fiscal year shall be (x)&nbsp;reduced to twenty-five percent (25%) if Senior Leverage Ratio as reflected in the
Compliance Certificate delivered for such annual financial statements is less than 2.0:1.0 and (y)&nbsp;there shall be no obligation
to make payments of Excess Cash Flow if Senior Leverage Ratio as reflected in the Compliance Certificate delivered for such annual financial
statements is less than 1.5:1.0 and (y)&nbsp;for any Fiscal year ending on or after December&nbsp;31, 2024, (to the extent positive)
100% of the Excess Cash Flow of the Borrower and its Subsidiaries for such 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 0.25in; text-indent: 1.75in; text-align: justify"><FONT STYLE="color: #010000">(iv)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT></FONT>within
five (5)&nbsp;Business Days following the receipt of Net Cash Proceeds of<FONT STYLE="color: red"><STRIKE> any Indebtedness
(including any Permitted Indebtedness incurred under clauses (m)&nbsp;and (r)&nbsp;of the definition thereof</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">:</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 0in; text-align: justify; text-indent: 2.3in"><FONT STYLE="text-decoration: underline double; color: blue">(A)</FONT> <FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="text-decoration: underline double; color: blue">any
Indebtedness (other than any other Permitted Indebtedness), 100.0% of such Net Cash Proceeds shall be applied to prepay the Loans;</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 0in; text-align: justify; text-indent: 2.3in"><FONT STYLE="text-decoration: underline double; color: blue">(B)</font><FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="text-decoration: underline double; color: blue">any
Permitted Indebtedness incurred pursuant to clause (m)&nbsp;of the definition thereof, 100.0% of such Net Cash Proceeds shall
be applied to prepay the Loans; and</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 0in; text-align: justify; text-indent: 2.3in"><FONT STYLE="text-decoration: underline double; color: blue">(C)</FONT><FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="color: red"><STRIKE>),
other than </STRIKE></FONT>any <FONT STYLE="color: red"><STRIKE>other </STRIKE></FONT>Permitted Indebtedness <FONT STYLE="color: red"><STRIKE>other
than under clauses (m)&nbsp;and (r)</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">incurred pursuant to
clause (r)&nbsp;(i.e. Subordinated Indebtedness)</FONT> of the definition thereof, <FONT STYLE="text-decoration: underline double; color: blue">50.0%
(or, if an Event of Default then exists, </FONT>100.0%<FONT STYLE="text-decoration: underline double; color: blue">)</FONT> of such Net Cash Proceeds<FONT STYLE="color: red"><STRIKE>.</STRIKE>
</FONT><FONT STYLE="text-decoration: underline double; color: blue">shall be applied to prepay the Loans; <I>provided </I>that the Loan
Parties may retain up to $5,000,000 (less any amounts retained by the Loan Parties pursuant to Section&nbsp;2.05(c)(iv)) of the Net Cash
Proceeds of such Permitted Indebtedness that are received from and after the Eleventh Amendment Effective Date; <I>provided further </I>that
any such Net Cash Proceeds of any such Subordinated Indebtedness that are retained (or permitted to be retained) by the Loan Parties
shall (x)&nbsp;not be used to make any payment with respect to any Equity Interests, any Redeemable Preferred Stock and/or any Subordinated
Indebtedness and (y)&nbsp;such retained Net Cash Proceeds shall be allocated for working capital and/or general corporate purposes of
the Loan Parties (and shall not be used by or for the benefit of any Subsidiary of the Borrower that is not a Loan Party without the
Administrative Agent&rsquo;s prior written consent).</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 0pt 0.25in; text-indent: 1.75in; text-align: justify"><FONT STYLE="color: #010000">(v)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>within
five (5)&nbsp;Business Days following the receipt of Net Cash Proceeds of any Extraordinary Receipts, 100.0% of such Net Cash Proceeds<FONT STYLE="text-decoration: underline double; color: blue"> shall be applied to prepay the Loans</FONT>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.75in; text-align: justify"><FONT STYLE="color: #010000">(vi)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>within
five (5)&nbsp;Business Days following the receipt of Net Cash Proceeds of any Disposition (excluding Dispositions which qualify as Permitted
Dispositions under clauses (b), (c), (d), (f), and (h)&nbsp;of the definition of &ldquo;Permitted Disposition&rdquo;) by any Loan Party
or its Subsidiaries pursuant to <U>Section&nbsp;7.02(c)(ii)</U>, the Borrower shall prepay the outstanding principal amount of the Term
Loans in accordance in an amount equal to 100% of the Net Cash Proceeds received by such Person in connection with any such Disposition.
Nothing contained in this subsection (vi)&nbsp;shall permit any Loan Party to make a Disposition of any property other than in accordance
with <U>Section&nbsp;7.02(c)(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 0pt 0.25in; text-indent: 1.75in; text-align: justify"><FONT STYLE="color: #000000">(vii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Loans
in excess of Borrowing Base</U>.&#8239;&#8239; If for any reason the Term Loans <FONT STYLE="color: red"><STRIKE>(other than (x)&nbsp;prior to May&nbsp;15,
2024, the amount of the April&nbsp;2024 Bridge Loan and (y)&nbsp;for the month ending March&nbsp;31, 2025, an amount equal to or less
than $3,500,000) </STRIKE></FONT>outstanding at any time exceed the Borrowing Base (any such amount, an &ldquo;<U>Over Advance</U>&rdquo;)
at such time, the Borrower shall immediately prepay Loans in an aggregate amount equal to such excess<FONT STYLE="text-decoration: underline double; color: blue"> (other
than (x)&nbsp;prior to May&nbsp;15, 2024, the amount of the April&nbsp;2024 Bridge Loan, (y)&nbsp;for the month ending March&nbsp;31,
2025, an amount equal to or less than $3,500,000 and (z)&nbsp;from and after the Eleventh Amendment Effective Date, the Permitted Over
Advance);</FONT> <I>provided</I> that the Interim Mid-Month Borrowing Base Certificates and the Interim-Monthly Borrowing Base Roll-Forward
to be provided under Section&nbsp;3.02(b)&nbsp;and (c)&nbsp;of this Agreement shall not be used to calculate whether or not any Over
Advance then exists.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.75in; text-align: justify"><FONT STYLE="color: #010000">(viii)<FONT STYLE="font-size: 10pt">&#8239;
</FONT></FONT><U>February&nbsp;2023 Repayment</U>.&#8239;&#8239; On or before February&nbsp;28, 2023, the Borrower shall make a repayment of the Initial
Term Loan in an aggregate amount equal to $8,500,000 (the &ldquo;<U>February&nbsp;2023 Repayment</U>&rdquo;). The February&nbsp;2023
Repayment shall reduce the face amount of the Initial Term Loan. In the event Borrower shall make the February&nbsp;2023 Repayment prior
to February&nbsp;28, 2023, such prepayment shall not be subject to any Prepayment Premium.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.75in; text-align: justify"><FONT STYLE="color: #010000">(ix)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Application
of Payments</U>. &#8239;&#8239;Each prepayment pursuant to (x)&nbsp;subsection <U>(c)(i)</U>, above shall be applied to the Initial Term Loans (for
the avoidance of doubt, pro rata as between the Initial Term Loan (and following the making of the February&nbsp;2023 Repayment, after
giving effect to the amount of February&nbsp;2023 Repayment) and the Delayed Draw Term Loans (if any)), (y)&nbsp;subsection (c)(viii)&nbsp;above
shall be applied to the Initial Term Loans and (z)&nbsp;subsections <U>(c)(ii)</U>, <U>(c)(iii)</U>, <U>(c)(iv)</U>, <U>(c)(v)</U>, <U>(c)(vi)</U>&nbsp;and
<U>(c)(vii)</U>&nbsp;above shall be applied to the Term Loans, until paid in full. Prepayments (other than pursuant to subsection <U>(c)(i)</U>,
and <U>(c)(viii))</U> of the Term Loans shall be applied against the remaining installments of principal of the Term Loans (including
the final payment of the applicable Term Loans on the applicable maturity date thereof) in the inverse order of maturity. Notwithstanding
the foregoing, after the occurrence and during the continuance of an Event of Default, if the Administrative Agent has elected, or has
been directed by the Collateral Agent or the Required Lenders, to apply payments in respect of any Obligations in accordance with Section&nbsp;4.03(b),
prepayments required under Section&nbsp;2.05(c)&nbsp;shall be applied in the manner set forth in Section&nbsp;4.03(b).</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.75in; text-align: justify"><FONT STYLE="color: #010000">(x)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>April&nbsp;24,
2023 Delayed Draw Term Loan Repayment</U>.&#8239;&#8239;&#8239;On or before September&nbsp;29, 2023, the Borrower shall make a repayment of the $3,000,000
Delayed Draw Term Loan that is made on April&nbsp;24, 2023.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.75in; text-align: justify"><FONT STYLE="color: #010000">(xi)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>April/June&nbsp;2024
Bridge Loan Repayment</U>. &#8239;&#8239;On or before the April/June&nbsp;2024 Bridge Loan Maturity Date, the Borrower shall make a repayment of the
outstanding unpaid principal of the April/June&nbsp;2024 Bridge Loans and all accrued and unpaid interest thereon and the April/June&nbsp;2024
Bridge Loan Fee.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.75in; text-align: justify"><FONT STYLE="color: #010000">(xii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;</FONT></FONT><U>March&nbsp;2025
Bridge Loan Repayment</U>. &#8239;&#8239;On or before the March&nbsp;2025 Bridge Loan Maturity Date, the Borrower shall make a repayment of the outstanding
unpaid principal of the March&nbsp;2025 Bridge Loan and all accrued and unpaid interest thereon and the March&nbsp;2025 Bridge Loan Fee.
If the March&nbsp;2025 Bridge Loan is paid on or before the March&nbsp;2025 Bridge Loan Maturity Date, then no Prepayment Premium shall
be required to be paid in respect thereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="font-size: 10pt; color: #010000">(d)&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Interest,
Fees, Prepayment Premium, April/June&nbsp;2024 Bridge Loan Fee, March&nbsp;2025 Bridge Loan Fee and Exit Fee</U>.&#8239;&#8239;&#8239;Any prepayment made
pursuant to this <U>Section 2.05</U> shall be accompanied by (i)&nbsp;accrued interest in cash on the principal amount being prepaid
to the date of prepayment, (ii)&nbsp;any Funding Loss and (iii)&nbsp;the applicable Prepayment Premium, April/June&nbsp;2024 Bridge Loan
Fee, March&nbsp;2025 Bridge Loan Fee and Exit Fee, in each case, if any, shall be payable in connection with such voluntary or mandatory
prepayment under subsections <U>(b)</U>, <U>(c)(ii)</U>, <U>(c)(iv)</U>, <FONT STYLE="color: red"><STRIKE>and </STRIKE></FONT><U>(c)(vi)</U><FONT STYLE="text-decoration-style: double; color: blue">&nbsp;<FONT STYLE="text-decoration: underline double; color: blue">and
(c)(vii) </FONT></FONT>of the 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 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="font-size: 10pt; color: #010000">(e)&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Cumulative
Prepayments</U>.&#8239;&#8239;&#8239;Payments with respect to any subsection of this Section&nbsp;2.05 are without duplication of payments made or required
to be made under any other subsection of this Section&nbsp;2.05.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="font-size: 10pt; color: #010000">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Notice
of Mandatory Amortization Amounts</U>.&#8239;&#8239;&#8239;The Borrower shall notify the Administrative Agent in writing of any event giving rise to the
obligation to make a payment of a Mandatory Amortization Amount under <U>Section&nbsp;2.05(c)</U>&nbsp;at least five (5)&nbsp;Business
Days prior to the date of such payment, and each such notice shall specify the date of such prepayment, provide a reasonably detailed
calculation of the amount of such payment and contain <FONT STYLE="text-decoration: underline double; color: blue">Repayment Fee, </FONT>the
Prepayment Premium, April/June&nbsp;2024 Bridge Loan Fee, the March&nbsp;2025 Bridge Loan Fee and Exit Fee, in each case, if any applicable
thereto. The Administrative Agent will promptly notify each Lender of the contents of any such payment notice so received from the Borrower,
including the date on which such prepayment is to be made.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">Section&nbsp;2.06&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Fees; </U><FONT STYLE="text-decoration: underline double; color: blue">Repayment Fee, </FONT><U>Prepayment Premium;
April/June&nbsp;2024 Bridge Loan Fee; March&nbsp;2025 Bridge Loan Fee and Exit Fee</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 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Delayed
Draw Unused Fee</U>.&#8239;&#8239;&#8239;The Loan Parties shall pay to the Delayed Draw Lenders a delayed draw unused fee of 0.75% of the amount of the unused
portion of the Delayed Draw Term Loan Commitment (the &ldquo;<U>Delayed Draw Unused Fee</U>&rdquo;) which shall be payable on the last
Business Day of each month commencing with in the month immediately following the month in which the Effective Date 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 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><FONT STYLE="color: red"><STRIKE><U>Amendment</U></STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">Second
Amended</FONT><U> and Restated Fee Letter</U>. &#8239;&#8239;The Borrower shall pay to the Administrative Agent, the fees and premiums set forth in
the <FONT STYLE="color: red"><STRIKE>Amendment</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">Second Amended</FONT>
and Restated Fee Letter in the amounts and at the times specified therein (including, without limitation, the <FONT STYLE="color: red"><STRIKE>Prepayment
Premium and the Exit</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">Repayment</FONT> Fee).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(c)&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>April/June&nbsp;2024 Bridge Loan Fee</U>.&#8239;&#8239; The Loan Parties shall pay 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 0.25in; text-indent: 1.75in; text-align: justify"><FONT STYLE="color: #010000">(i)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>the
April&nbsp;2024 Bridge Loan Lenders, on the Sixth Amendment Effective Date, a fee equal to 6.00% of the aggregate amount of the April&nbsp;2024
Bridge Loan that is made on the Sixth Amendment Effective Date (the &ldquo;<U>April&nbsp;2024 Bridge Loan Fee</U>&rdquo;), which April&nbsp;2024
Bridge Loan Fee shall be capitalized and added to principal amount of the April&nbsp;2024 Bridge Loan and shall earn interest at the
same rate as the April&nbsp;2024 Bridge Loan and shall be paid in cash on the April/June&nbsp;2024 Bridge Loan Maturity 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 0.25in; text-indent: 1.75in; text-align: justify"><FONT STYLE="color: #010000">(ii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>the
June&nbsp;2024 Bridge Loan Lenders, on the June&nbsp;2024 Bridge Loan Funding Date, a fee equal to 6.00% of the aggregate amount of the
June&nbsp;2024 Bridge Loan that is made on the June&nbsp;2024 Bridge Loan Funding Date (the &ldquo;<U>June&nbsp;2024 Bridge Loan Fee</U>&rdquo;
and together with the April&nbsp;2024 Bridge Loan Fee, the &ldquo;<U>April/June&nbsp;2024 Bridge Loan Fee</U>&rdquo;), which June&nbsp;2024
Bridge Loan Fee shall be capitalized and added to principal amount of the June&nbsp;2024 Bridge Loan and shall earn interest at the same
rate as the June&nbsp;2024 Bridge Loan and shall be paid in cash on the April/June&nbsp;2024 Bridge Loan 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 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>the
March&nbsp;2025 Bridge Loan Lenders, on the March&nbsp;2025 Bridge Loan Funding Date, a fee equal to 6.00% of the aggregate amount of
the March&nbsp;2025 Bridge Loan that is made on the March&nbsp;2025 Bridge Loan Funding Date (the &ldquo;<U>March&nbsp;2025 Bridge Loan
Fee</U>&rdquo;), which March&nbsp;2025 Bridge Loan Fee shall be capitalized and added to principal amount of the March&nbsp;2025 Bridge
Loan and shall earn interest at the same rate as the March&nbsp;2025 Bridge Loan and shall be paid in cash on the March&nbsp;2025 Bridge
Loan 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 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(e)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Additional
Fees</U>. &#8239;&#8239;On the Effective Date, the Borrower shall pay, or cause to be paid, the fees and expenses of counsel to the Lenders and 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 0pt 1.25in"><FONT STYLE="color: #010000">Section&nbsp;2.07&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Taxes</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 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Any
and all payments by or on account of any obligation of any Loan Party hereunder or under any other Loan Document shall be made without
deduction or withholding for any Taxes, except as required by applicable law. If any applicable law (as determined in the good faith
discretion of an applicable Withholding Agent) requires the deduction or withholding of any Tax from any such payment by a Withholding
Agent, then the applicable Withholding Agent shall be entitled to make such deduction or withholding and shall timely pay the full amount
deducted or withheld to the relevant Governmental Authority in accordance with applicable law and, if such Tax is an Indemnified Tax,
then the sum payable by the applicable Loan Party shall be increased as necessary so that after such deduction and withholding has been
made (including such deductions and withholdings applicable to additional sums payable under this <U>Section&nbsp;2.07</U>) the applicable
Recipient receives the amount equal to the sum it would have received had no such deduction or withholding been made.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Each
Loan Party shall pay to the relevant Governmental Authority in accordance with applicable law any Other Taxes, or, at the option of the
Administrative Agent, timely reimburse it for the payment of any Other Taxes.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>The
Loan Parties shall indemnify each Recipient, within ten days after demand therefor, for the full amount of any Indemnified Taxes (including
Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section) paid or payable by such Recipient or
required to be withheld or deducted from a payment to such Recipient and any reasonable expenses arising therefrom or with respect thereto,
whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate
as to the amount of such payment or liability delivered to the Borrower by a Lender (with a copy to the Administrative Agent) or by the
Administrative Agent on its own behalf or on behalf of a Lender shall be conclusive absent manifest error.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify">(d)</P>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0 0pt 0.5in; text-indent: 1.5in"><FONT STYLE="color: #010000">(i)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Any
Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document shall
deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower or the Administrative
Agent, such properly completed and executed documentation reasonably requested by the Borrower or the Administrative Agent as will permit
such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably requested by
the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested
by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not such
Lender is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding
two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in <U>Sections
2.07(d)(ii)(A)</U>, <U>(ii)(B)</U>&nbsp;and <U>(ii)(D)</U>&nbsp;below) shall not be required if in the Lender&rsquo;s reasonable judgment
such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice
the legal or commercial position of such Lender.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1.5in"><FONT STYLE="color: #010000">(ii)&#8239;&#8239;&#8239;&#8239;</FONT>
Without limiting the generality of the foregoing,</P>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 2.25in"><FONT STYLE="color: #010000">(A)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>any
Lender that is a U.S. Person shall deliver to the Borrower and the Administrative Agent on or prior to the date on which such Lender
becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative
Agent), executed copies of IRS Form&nbsp;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">&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 0in; text-align: justify; text-indent: 2.25in"><FONT STYLE="color: #010000">(B)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>any
Lender that is not a U.S. Person (a &ldquo;<U>Foreign Lender</U>&rdquo;) 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 reasonably requested by the recipient) on or prior
to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable
request of the Borrower or the Administrative Agent), whichever of the following is applicable:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 2.6in"><FONT STYLE="color: #010000">1.<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>in
the case of a Foreign Lender claiming the benefits of an income tax treaty to which the United States is a party (x)&nbsp;with respect
to payments of interest under any Loan Document, executed copies of IRS Form&nbsp;W-8BEN or W-8BEN-E establishing an exemption from,
or reduction of, U.S. federal withholding Tax pursuant to the &ldquo;interest&rdquo; article of such tax treaty and (y)&nbsp;with respect
to any other applicable payments under any Loan Document,&nbsp;IRS Form&nbsp;W-8BEN or W-8BEN-E establishing an exemption from, or reduction
of, U.S. federal withholding Tax pursuant to the &ldquo;business profits&rdquo; or &ldquo;other income&rdquo; article of such tax treaty;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 2.6in"><FONT STYLE="color: #010000">2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>executed
copies of IRS Form&nbsp;W-8ECI;</P>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 2.6in"><FONT STYLE="color: #010000">3.<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>in
the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section&nbsp;881(c)&nbsp;of the Internal
Revenue Code, (x)&nbsp;a certificate substantially in the form of Exhibit&nbsp;2.09(d)-1 to the effect that such Foreign Lender is not
a &ldquo;bank&rdquo; within the meaning of Section&nbsp;881(c)(3)(A)&nbsp;of the Internal Revenue Code, a &ldquo;10 percent shareholder&rdquo;
of the Borrower within the meaning of Section&nbsp;881(c)(3)(B)&nbsp;of the Internal Revenue Code, or a &ldquo;controlled foreign corporation&rdquo;
described in Section&nbsp;881(c)(3)(C)&nbsp;of the Internal Revenue Code (a &ldquo;<U>U.S. Tax Compliance Certificate</U>&rdquo;) and
(y)&nbsp;executed copies of IRS Form&nbsp;W-8BEN or W-8BEN-E; 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 0in; text-align: justify; text-indent: 2.6in"><FONT STYLE="color: #010000">4.<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>to
the extent a Foreign Lender is not the beneficial owner, executed copies of IRS Form&nbsp;W-8IMY, accompanied by IRS Form&nbsp;W-8ECI,&nbsp;IRS
Form&nbsp;W-8BEN or W-8BEN-E, a U.S. Tax Compliance Certificate substantially in the form of Exhibit&nbsp;2.09(d)-2 or Exhibit&nbsp;2.09(d)-3,&nbsp;IRS
Form&nbsp;W-9, and/or other certification documents from each beneficial owner, as applicable; <I>provided </I>that if the Foreign Lender
is a partnership and one or more direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such
Foreign Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit&nbsp;2.09(d)-4 on behalf of each such
direct and indirect partner;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 2.25in"><FONT STYLE="color: #010000">(C)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>any
Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative Agent (in such number
of copies as shall be reasonably requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under
this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), executed copies
of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax,
duly completed, together with such supplementary documentation as may be prescribed by applicable law to permit the Borrower or the Administrative
Agent to determine the withholding or deduction required to be made; and</P>

<P STYLE="font: 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 0in; text-align: justify; text-indent: 2.25in"><FONT STYLE="color: #010000">(D)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>if
a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender were
to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section&nbsp;1471(b)&nbsp;or 1472(b)&nbsp;of
the Internal Revenue Code, as applicable), such Lender shall deliver to the Borrower and the Administrative Agent at the time or times
prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed
by applicable law (including as prescribed by Section&nbsp;1471(b)(3)(C)(i)&nbsp;of the Internal Revenue Code) and such additional documentation
reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to
comply with their obligations under FATCA and to determine that such Lender has complied with such Lender&rsquo;s obligations under FATCA
or to determine the amount, if any, to deduct and withhold from such payment. Solely for purposes of this clause (D), &ldquo;FATCA&rdquo;
shall include any amendments made to FATCA after the date of this 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify">Each Lender agrees that if any form
or certification it previously delivered expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification
or promptly notify 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 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(e)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Each
Lender shall severally indemnify the Administrative Agent, within ten days after demand therefor, for (i)&nbsp;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)&nbsp;any Taxes attributable to such Lender&rsquo;s
failure to comply with the provisions of Section&nbsp;12.07(i)&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 (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 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(f)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>If
any party determines, in its sole discretion exercised in good faith, that it has received a refund of any Taxes as to which it has been
indemnified pursuant to this Section&nbsp;2.07 (including by the payment of additional amounts pursuant to this <U>Section&nbsp;2.07</U>),
it shall pay to the indemnifying party an amount equal to such refund (but only to the extent of indemnity payments made under this <U>Section&nbsp;2.07</U>
with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of such indemnified party
and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund). Such indemnifying
party, upon the request of such indemnified party, shall repay to such indemnified party the amount paid over pursuant to this paragraph
(f)&nbsp;(plus any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event that such indemnified
party is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this paragraph (f),
in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this paragraph (f)&nbsp;the
payment of which would place the indemnified party in a less favorable net after-Tax position than the indemnified party would have been
in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the
indemnification payments or additional amounts with respect to such Tax had never been paid. This paragraph shall not be construed to
require any indemnified party to make available its Tax returns (or any other information relating to its Taxes that it deems confidential)
to the indemnifying party or any other Person.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(g)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Each
party&rsquo;s obligations under this Section&nbsp;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 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(h)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>As
soon as practicable after any payment of Taxes by a Loan Party to a Governmental Authority pursuant to this Section, such Loan Party
shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing
such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative
Agent.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>
For purposes of this Section, the term &ldquo;applicable law&rdquo; includes FATCA.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0; text-indent: 1.25in"><FONT STYLE="color: #010000">Section&nbsp;2.08&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Tax
Treatment</U>.&#8239;&#8239;&#8239;The parties hereto agree (a)&nbsp;that the Term Loans shall be treated as debt for U.S. federal income tax purposes, (b)&nbsp;that
the Term Loans are not governed by the rules&nbsp;set forth in Treasury Regulations Section&nbsp;1.1275-4, (c)&nbsp;that the Term Loans
are being issued with &ldquo;original issue discount&rdquo; within the meaning of Section&nbsp;1273 of the Internal Revenue Code, (d)&nbsp;that
the Term Loans are part of an investment unit within the meaning of Section&nbsp;1273(c)(2)&nbsp;of the Internal Revenue Code, and (e)&nbsp;to
adhere to this Agreement for U.S. federal income tax purposes and not to take any action or file any tax return, report or declaration
inconsistent herewith. The inclusion of this <U>Section&nbsp;2.08</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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in"><FONT STYLE="color: #010000">Section&nbsp;2.09&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Increased
Costs and Reduced Return</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 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>If
any Change in Law shall (i)&nbsp;subject any Secured Party to any Taxes (other than (A)&nbsp;Indemnified Taxes, (B)&nbsp;Taxes described
in clauses (b)&nbsp;through (d)&nbsp;of the definition of Excluded Taxes and (C)&nbsp;Connection Income Taxes) with respect to this Agreement
or any Term Loan made by such Agent or such Lender, (ii)&nbsp;impose, modify or deem applicable any reserve, special deposit or similar
requirement against any Term Loan or against assets of or held by, or deposits with or for the account of, or credit extended by, such
Secured Party or any Person controlling such Secured Party or (iii)&nbsp;impose on such Secured Party or any Person controlling such
Secured Party any other condition regarding this Agreement or any Term Loan, and the result of any event referred to in clauses (i),
(ii)&nbsp;or (iii)&nbsp;above shall be to increase the cost to such Secured Party of making any Term Loan or agreeing to make any Term
Loan, or to reduce any amount received or receivable by such Secured Party hereunder, then, upon demand by such Secured Party, the Borrower
shall pay to such Secured Party such additional amounts as will compensate such Secured Party for such increased costs or reductions
in 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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>If
any Change in Law either (i)&nbsp;affects or would affect the amount of capital required or expected to be maintained by such Secured
Party or any Person controlling such Secured Party, and such Secured Party determines that the amount of such capital is increased as
a direct or indirect consequence of any Term Loans made or maintained, such Secured Party&rsquo;s or such other controlling Person&rsquo;s
other obligations hereunder, or (ii)&nbsp;has or would have the effect of reducing the rate of return on such Secured Party&rsquo;s or
such other controlling Person&rsquo;s capital to a level below that which such Secured Party or such controlling Person could have achieved
but for such circumstances as a consequence of any Term Loans made or maintained, or any agreement to make Loans or such Secured Party&rsquo;s
or such other controlling Person&rsquo;s other obligations hereunder (in each case, taking into consideration, such Secured Party&rsquo;s
or such other controlling Person&rsquo;s policies with respect to capital adequacy), then, upon demand by such Secured Party, the Borrower
shall pay to such Secured Party from time to time such additional amounts as will compensate such Secured Party for such cost of maintaining
such increased capital or such reduction in the rate of return on such Secured Party&rsquo;s or such other controlling Person&rsquo;s
capital.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>All
amounts payable under this <U>Section&nbsp;2.09</U> shall bear interest from the date that is 10 days after the date of demand by any
Secured Party until payment in full to such Secured Party at the Reference Rate. A certificate of such Secured Party claiming compensation
under this Section&nbsp;2.09, specifying the event herein above described and the nature of such event shall be submitted by such Secured
Party to the Borrower, setting forth the additional amount due and an explanation of the calculation thereof, and such Secured Party&rsquo;s
reasons for invoking the provisions of this <U>Section&nbsp;2.09</U>, and shall be final and 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 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Failure
or delay on the part of any Lender to demand compensation pursuant to the foregoing provisions of this <U>Section&nbsp;2.09</U> shall
not constitute a waiver of such Lender&rsquo;s right to demand such compensation; <I>provided </I>that the Borrower shall not be required
to compensate a Lender pursuant to the foregoing provisions of this <U>Section&nbsp;2.09</U> for any increased costs incurred or reductions
suffered more than nine months prior to the date that such Lender notifies the Borrower of the Change in Law giving rise to such increased
costs or reductions and of such Lender&rsquo;s intention to claim compensation therefor (except that, if the Change in Law giving rise
to such increased costs or reductions is retroactive, then the nine-month period referred to above shall be extended to include the period
of retroactive effect thereof).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(e)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>The
obligations of the Loan Parties under this <U>Section&nbsp;2.09</U> shall survive the termination of this Agreement and the payment of
the Term Loans and all other amounts payable 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 1.25in"><FONT STYLE="color: #010000">Section&nbsp;2.10&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Changes
in Law; Impracticability or Illegality</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 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(a)&#8239;&#8239;&#8239;&#8239;</FONT>
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; text-align: justify; margin: 0pt 0 0pt 0.25in; text-indent: 1.75in"><FONT STYLE="color: #010000">(i)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></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">&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; text-align: justify; margin: 0pt 0 0pt 0.25in; text-indent: 1.75in"><FONT STYLE="color: #010000">(ii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>the
Required Lenders determine that for any reason in connection with any request for a SOFR Loan or a conversion thereto or a continuation
thereof that Term SOFR for any requested Interest Period with respect to a proposed SOFR Loan does not adequately and fairly reflect
the cost to such Lenders of making and maintaining such 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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify">then in case of clause (i)&nbsp;or
clause (b)&nbsp;of this <U>Section&nbsp;2.10(a)</U>, the Administrative Agent will promptly so notify the Borrower and each Lender. Upon
notice thereof by the Administrative Agent to the Borrower, any obligation of the Lenders to make SOFR Loans, and any right of the Borrower
to continue SOFR Loans or to convert Reference 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 (ii), at the instruction of the Required Lenders)
revokes such notice. Upon receipt of such notice, (x)&nbsp;the Borrower may revoke any pending request for a borrowing of, conversion
to or continuation of SOFR Loans (to the extent of the affected SOFR Loans or affected Interest Periods) or, failing that, the Borrower
will be deemed to have converted any such request into a request for a Borrowing of or conversion to Reference Rate Loans in the amount
specified therein and (y)&nbsp;any outstanding affected SOFR Loans will be deemed to have been converted into Reference Rate Loans at
the end of the applicable Interest Period. Upon any such conversion, the Borrower shall also pay accrued interest on the amount so converted,
together with any additional amounts required pursuant to <U>Section&nbsp;2.12</U>. Subject to <U>Section&nbsp;2.11</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 Reference Rate Loans shall be determined by the Administrative
Agent without reference to clause (c)&nbsp;of the definition of &ldquo;Reference 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 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>In
the event that any change in market conditions or any law, regulation, treaty, or directive, or any change therein or in the interpretation
of application thereof, shall at any time after the Effective Date, in the reasonable opinion of any Lender, make it unlawful or impractical
for such Lender to fund or maintain SOFR Loans or to continue such funding or maintaining, or to determine or charge interest rates at
the Term SOFR, such Lender shall give notice of such changed circumstances to the Borrower and the Administrative Agent, and the Administrative
Agent promptly shall transmit the notice to each other Lender and (i)&nbsp;in the case of any SOFR Loans of such Lender that are outstanding,
the date specified in such Lender&rsquo;s notice shall be deemed to be the last day of the Interest Period of such SOFR Loans, and interest
upon the SOFR Loans of such Lender thereafter shall accrue interest at the rate then applicable to Reference Rate Loans of the same type
hereunder and (ii)&nbsp;the Borrower shall not be entitled to elect the SOFR Option (including in any borrowing, conversion or continuation
then being requested) until such Lender determines that it would no longer be unlawful or impractical 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 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>The
obligations of the Loan Parties under this Section&nbsp;2.10 shall survive the termination of this Agreement and the payment of the Term
Loans and all other amounts payable 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 0pt 1.25in"><FONT STYLE="color: #010000">Section&nbsp;2.11&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>SOFR
Option</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 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>The
Borrower may, at any time and from time to time, so long as no Default or Event of Default has occurred and is continuing, elect to have
interest on all or a portion of the Term Loans be charged at a rate of interest based upon the Term SOFR (the &ldquo;<U>SOFR Option</U>&rdquo;)
by notifying the Administrative Agent prior to 11:00 a.m.&nbsp;(New York City time) at least three Business Days prior to (i)&nbsp;the
proposed borrowing date of a Term Loan (as provided in <U>Section&nbsp;2.02</U>), (ii)&nbsp;in the case of the conversion of a Reference
Rate Loan to a SOFR Loan, the commencement of the proposed Interest Period or (iii)&nbsp;in the case of the continuation of a SOFR Loan
as a SOFR Loan, the last day of the then current Interest Period (the &ldquo;<U>SOFR Deadline</U>&rdquo;).&#8239;Notice
of the Borrower&rsquo;s election of the SOFR Option for a permitted portion of the Term Loans and an Interest Period pursuant to this
<U>Section&nbsp;2.11(a)</U>&nbsp;shall be made by delivery to the Administrative Agent of (A)&nbsp;a Notice of Borrowing (in the case
of the initial making of a Term Loan) in accordance with <U>Section&nbsp;2.02</U> or (B)&nbsp;a written notice (&ldquo;<U>SOFR Notice</U>&rdquo;)
prior to the SOFR Deadline. Promptly upon its receipt of each such SOFR Notice, the Administrative Agent shall provide a copy thereof
to each of the Lenders. Each SOFR Notice shall be irrevocable and binding on the Borrower.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Interest
on SOFR Loans shall be payable in accordance with <U>Section&nbsp;2.04</U>. On the last day of each applicable Interest Period, unless
the Borrower properly has exercised the SOFR Option with respect thereto, the interest rate applicable to such SOFR Loans automatically
shall convert to the rate of interest then applicable to Reference Rate Loans of the same type hereunder. At any time that a Default
or an Event of Default has occurred and is continuing, the Borrower no longer shall have the option to request that any portion of the
Term Loans bear interest at the Term SOFR and the Administrative Agent shall have the right to convert the interest rate on all outstanding
SOFR Loans to the rate of interest then applicable to Reference Rate Loans of the same type hereunder prior to the last day of the then
current Interest 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 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Notwithstanding
anything to the contrary contained in this Agreement, the Borrower (i)&nbsp;shall have not more than three (3)&nbsp;SOFR Loans in effect
at any given time, and (ii)&nbsp;only may exercise the SOFR Option for SOFR Loans of at least $2,500,000 and integral multiples of $1,000,000
in excess thereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Notwithstanding
anything to the contrary herein or in any other Loan Document, if a Benchmark Transition Event and its related Benchmark Replacement
Date have occurred prior any setting of the then-current Benchmark, then (x)&nbsp;if a Benchmark Replacement is determined in accordance
with clause (a)&nbsp;of the definition of &ldquo;Benchmark Replacement&rdquo; for such Benchmark Replacement Date, such Benchmark Replacement
will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of such Benchmark setting and subsequent
Benchmark settings without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document
and (y)&nbsp;if a Benchmark Replacement is determined in accordance with clause (b)&nbsp;of the definition of &ldquo;Benchmark Replacement&rdquo;
for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any
Loan Document in respect of any Benchmark setting at or after 5:00 p.m.&nbsp;(New York City time) on the fifth (5th) Business Day after
the date notice of such Benchmark Replacement is provided to the Lenders without any amendment to, or further action or consent of any
other party to, this Agreement or any other Loan Document so long as the Administrative Agent has not received, by such time, written
notice of objection to such Benchmark Replacement from Lenders comprising the Required Lenders. If the Benchmark Replacement is Daily
Simple SOFR, all interest payments will be payable on a monthly basis.</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; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(e)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Benchmark
Replacement Conforming Changes</U>.&#8239;&#8239;&#8239;In connection with the use, administration, adoption or implementation of a Benchmark Replacement,
the Administrative Agent will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary
herein or in any other Loan Document, any amendments implementing such Conforming Changes will become effective without any further action
or consent of any other party to this Agreement or any other Loan Document.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(f)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Notices;
Standards for Decisions and Determinations</U>.&#8239;&#8239;&#8239;The Administrative Agent will promptly notify the Borrower and the Lenders of (i)&nbsp;the
implementation of any Benchmark Replacement and (ii)&nbsp;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 Borrower of (x)&nbsp;the removal or reinstatement
of any tenor of a Benchmark pursuant to <U>Section&nbsp;2.11(g)</U>&nbsp;and (y)&nbsp;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&nbsp;2.11</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&nbsp;2.11</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 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(g)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Unavailability
of Tenor of Benchmark</U>. &#8239;&#8239;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)&nbsp;if the then-current Benchmark is a term rate (including the Term SOFR Reference
Rate) and either (A)&nbsp;any tenor for such Benchmark is not displayed on a screen or other information service that publishes such
rate from time to time as selected by the Administrative Agent in its reasonable discretion or (B)&nbsp;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)&nbsp;if a tenor that was removed pursuant to clause (i)&nbsp;above either (A)&nbsp;is subsequently displayed on a screen
or information service for a Benchmark (including a Benchmark Replacement) or (B)&nbsp;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 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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(h)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Benchmark
Unavailability Period</U>. &#8239;&#8239;Upon the Borrower&rsquo;s receipt of notice of the commencement of a Benchmark Unavailability Period, the
Borrower may revoke any pending request for a SOFR Borrowing of, conversion to or continuation of SOFR Loans to be made, converted or
continued during any Benchmark Unavailability Period and, failing that, the Borrower will be deemed to have converted any such request
into a request for a Borrowing of or conversion to Reference Rate Loans. During a Benchmark Unavailability Period or at any time that
a tenor for the then-current Benchmark is not an Available Tenor, the component of ABR based upon the then-current Benchmark or such
tenor for such Benchmark, as applicable, will not be used in any determination of Reference Rate.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">Section&nbsp;2.12&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Funding Losses</U>.&#8239;&#8239; In connection with each SOFR Loan, the Borrower shall indemnify, defend, and hold the Agents and the Lenders
harmless against any loss, cost, or expense incurred by any Agent or any Lender as a result of (a)&nbsp;the payment of any principal
of any SOFR Loan other than on the last day of an Interest Period applicable thereto (including as a result of a Default or an Event
of Default or any mandatory prepayment required pursuant to <U>Section&nbsp;2.05</U>), (b)&nbsp;the conversion of any SOFR Loan other
than on the last day of the Interest Period applicable thereto (including as a result of a Default or an Event of Default) or (c)&nbsp;the
failure to borrow, convert, continue or prepay any SOFR Loan on the date specified in any Notice of Borrowing or SOFR Notice delivered
pursuant hereto (such losses, costs, and expenses, collectively, &ldquo;<U>Funding Losses</U>&rdquo;). Funding Losses shall, with respect
to any Agent or any Lender, be deemed to equal the amount reasonably determined by such Agent or such Lender to be the excess, if any,
of (i)&nbsp;the amount of interest that would have accrued on the principal amount of such SOFR Loan had such event not occurred, at
the Term SOFR that would have been applicable thereto, for the period from the date of such event to the last day of the then current
Interest Period therefor (or, in the case of a failure to borrow, convert or continue, for the period that would have been the Interest
Period therefor), minus (ii)&nbsp;the amount of interest that would accrue on such principal amount for such period at the interest rate
which such Agent or such Lender would be offered were it to be offered, at the commencement of such period, Dollar deposits of a comparable
amount and period in the London interbank market. A certificate of an Agent or a Lender delivered to the Borrower setting forth any amount
or amounts that such Agent or such Lender is entitled to receive pursuant to this <U>Section&nbsp;2.12</U> 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: center; color: #010000"><B>ARTICLE&nbsp;III</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>BORROWING BASE AND ELIGIBILITY ADVANCES</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 0in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">Section&nbsp;3.01&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Effective Date Borrowing Base Certificate</U>.&#8239;&#8239;&#8239;On a date which shall be not later than thirty (30) days following the Effective
Date, the Borrower will provide the Lenders with a Field Examination, an independent appraisal of the Inventory and the Eligible Intellectual
Property (the &ldquo;<U>Appraisal</U>&rdquo;), as prepared by (a)&nbsp;Hilco Global Finance, LLC, with respect to Appraisals of Inventory
and Intellectual Property and (b)&nbsp;Riveron Consulting, LLC, with respect to Field Examination ((a)&nbsp;and (b), the &ldquo;<U>Appraiser</U>&rdquo;)
and, in each case, the results of which are satisfactory to the Administrative Agent and the Lenders. In addition (a)&nbsp;to the Field
Examination and the Appraisal, on or prior to March&nbsp;31, 2022, the Borrower shall provide the Agent and the Lenders with a Borrowing
Base Certificate in accordance with <U>Exhibit&nbsp;C</U> hereto based on the Eligible Accounts Receivable and the Eligible Inventory
as at December&nbsp;31, 2021 reflected in the Appraisal and the Eligible Intellectual Property reflected in the Appraisal, less the Reserves
in effect on the Effective Date (the &ldquo;<U>Effective Date Borrowing Base Certificate</U>&rdquo;) and (b)&nbsp;the Borrower shall
provide the Agent and the Lenders with a Borrowing Base Certificate for the month ended January&nbsp;31, 2022 on or prior to March&nbsp;31,
2022 and (c)&nbsp;the Borrower shall provide the Agent and the Lenders with a Borrowing Base Certificate for the month ended February&nbsp;28,
2022 on or prior to March&nbsp;31,, 2022.</P>

<P STYLE="font: 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 0in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">Section&nbsp;3.02&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Borrowing
Base Certificates</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 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>The
Borrower shall furnish the Lenders with Borrowing Base Certificates on a monthly basis (each a &ldquo;<U>Monthly Borrowing Base Certificate</U>&rdquo;)
on or before the 15th day (whether or not a Business Day) of each month setting forth the calculation of the Borrowing Base as of the
last Business Day of the immediately preceding month, duly completed and executed by a Authorized Officer, together with all schedules
required pursuant to the terms of the Borrowing Base Certificate duly completed. In addition, together with each Monthly Borrowing Base
Certificate, the Borrower shall furnish to the Lenders cash balances in bank accounts maintained (and if requested by any Lender, bank
account statements, if available) by each Excluded Subsidiary for each day of the month for which such Monthly Borrowing Base Certificate
is being delivered.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Commencing
with the fifteen (15) day period for the month of March&nbsp;ending on March&nbsp;15, 2024, the Borrower shall furnish the Lenders with
Borrowing Base Certificates for the period from the first calendar day (whether or not a Business Day) of each month through the fifteenth
(15<FONT STYLE="font-size: 10pt"><SUP>th</SUP></FONT>) calendar day (whether or not a Business Day) of each month (each a &ldquo;<U>Interim
Mid-Month Borrowing Base Certificate</U>&rdquo;) not later than the date that is the 22<FONT STYLE="font-size: 10pt"><SUP>nd</SUP> </FONT>of
such month (whether or not a Business Day) setting forth the calculation of the Borrowing Base as of the fifteenth (15<FONT STYLE="font-size: 10pt"><SUP>th</SUP></FONT>)
calendar day of each such month, duly completed and executed by a Authorized Officer, together with all schedules required pursuant to
the terms of the Borrowing Base Certificate duly completed (first such Borrowing Base Certificate under this <U>Section&nbsp;3.02(b)</U>&nbsp;shall
be issued for the fifteen (15) calendar day period ending March&nbsp;15, 2024 and delivered on or prior to March&nbsp;22, 2024).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Commencing
with the last day for the month of March&nbsp;2024 ending on March&nbsp;31, 2024, the Borrower shall furnish the Lenders with an aging
accounts receivable schedule, inventory detail and any intercompany transactions on a monthly basis which shall be prepared in a Borrowing
Base format that assumes other input remains constant from the prior Monthly Borrowing Base Certificate (each an &ldquo;<U>Interim Monthly
Borrowing Base Roll-Forward</U>&rdquo;) on or before the 7th day (whether or not a Business Day) of each month, commencing with the April&nbsp;7,
2024 for the month ending March&nbsp;31, 2024 (and each calendar month thereafter) (whether or not a Business Day) of the immediately
preceding month, duly completed and executed by a Authorized Officer, (first such Interim Monthly Borrowing Base Roll-Forward to be provided
under this <U>Section&nbsp;3.02(c)</U>&nbsp;shall be issued for the calendar month ending March&nbsp;31, 2024 and delivered on or prior
to April&nbsp;7, 2024 (whether or not a 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 0pt 0in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">Section&nbsp;3.03
&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Over Advances</U>.&#8239;&#8239;&#8239;In the event that any Monthly
Borrowing Base Certificate following the Effective Borrowing Base Certificate shall reflect that the Loan Parties are in an Over Advance
<FONT STYLE="text-decoration: underline double; color: blue">(other than the Permitted Over Advance) </FONT>position,&nbsp;Interest during
such period shall accrue and shall be paid at the Post-Default Rate (provided that such payment at Post-Default Rate shall not be deemed
to be a waiver of any Default and/or Event of Default that may occur as a result of such Over Advance)<FONT STYLE="color: red"><STRIKE>.
Notwithstanding that the Borrower is permitted to draw on the April&nbsp;2024 Bridge Loan, in the event the April&nbsp;2024 Bridge Loan
results in an Over Advance,&nbsp;Interest on the Term Loans shall accrue and shall be paid at the Post-Default Rate until such date as
there is no Over Advance. Notwithstanding that the Borrower is permitted to draw on the March&nbsp;2025 Bridge Loan,&nbsp;Interest on
the Term Loans shall accrue and shall be paid at the Post-Default Rate until such date as there is no Over Advance.</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">;
<I>provided </I>that during the period</FONT> <FONT STYLE="text-decoration: underline double; color: blue"><U>from and after the Eleventh Amendment Effective Date, the Loan
Parties may remain in an Over Advance position in an aggregate amount not to exceed: (a)&nbsp;for the month ending December&nbsp;31,
2025, $4,000,000; (b)&nbsp;for the month ending January&nbsp;31, 2026, $4,500,000; (c)&nbsp;for the month ending February&nbsp;28, 2026,
$5,500,000 and (d)&nbsp;from and after the month ending March&nbsp;31, 2026 <FONT STYLE="text-decoration-style: double">(and each Fiscal
Month thereafter), $4,000,000 (the &ldquo;Permitted Over Advance&rdquo;).</FONT></U></FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">Section&nbsp;3.04
&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Reserves</U>.&#8239;&#8239;&#8239;The Lenders may, in the exercise
of their Permitted Discretion, establish at any time or from time to time following the Effective Date, Reserves in subsequent Borrowing
Base Certificates that are different from those set forth in the Effective Date Borrowing Base Certificate.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">Section&nbsp;3.05&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Field Examination and Appraisals</U>.&#8239;&#8239;&#8239;Subject to the limitations set forth below, the Borrower shall also cooperate with (and
cause the other Loan Parties to cooperate with) the Administrative Agent in connection with the conducting of Field Examinations and
appraisals of the Loan Parties&rsquo; Inventory and Intellectual Property, which appraisals shall be in form and detail and from third-party
appraisers reasonably acceptable to the Administrative Agent (each such appraisal, an &ldquo;<U>Inventory Appraisal</U>&rdquo;) for the
purpose of determining the amount of the Borrowing Base attributable to Inventory; <I>provided</I>, <I>however</I>, 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 0in; text-indent: 1.25in; text-align: justify">(a)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Administrative Agent may undertake investigations and reviews of each Loan Party&rsquo;s property, insurance, practices in the computation
of the Borrowing Base and related financial information such as, but not limited to, sales, gross margins, payables, accruals and reserves
at the reasonable expense of the Borrower (including field audits conducted by the Administrative Agent) (&ldquo;<U>Field Examination</U>&rdquo;)
provided, however, that the Administrative Agent (A)&nbsp;may undertake, at the Borrower&rsquo;s expense, up to two (2)&nbsp;Field Examinations
during any twelve-month period and (B)&nbsp;may undertake, at any time during the continuation of an Event of Default, Field Examinations
as frequently as determined by the Administrative Agent in its Permitted Discretion at the Borrower&rsquo;s expense; <I>provided </I>that
if during an Fiscal Year, the Borrower&rsquo;s Senior Leverage Ratio is less than 1.5:1.0 at all times (and only so long as no Event
of Default has occurred in such Fiscal Year), then Borrower shall not be obligated to pay for more than one (1)&nbsp;Field Examination
during such 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 0in; text-indent: 1.25in; text-align: justify">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Permit
the Administrative Agent after reasonable prior notice or professionals retained by the Administrative Agent to conduct appraisals of
the Accounts,&nbsp;Intellectual Property and Inventory of the Loan Parties. The Administrative Agent (A)&nbsp;may undertake, at the Borrower&rsquo;s
expense, (i)&nbsp;two (2)&nbsp;appraisals of the Loan Parties&rsquo; Inventory and (ii)&nbsp;one (1)&nbsp;appraisal of the Loan Parties&rsquo;
Intellectual Property, in each case, during any twelve-month period and (B)&nbsp;may undertake at any time during the continuation of
an Event of Default,&nbsp;Inventory Appraisals as frequently as determined to be necessary by the Administrative Agent in its Permitted
Discretion at the Borrower&rsquo;s expense; <I>provided </I>that if during an Fiscal Year, the Borrower&rsquo;s Senior Leverage Ratio
is less than 1.5:1.0 at all times (and only so long as no Event of Default has occurred in such Fiscal Year), then Borrower shall not
be obligated to pay for more than one (1)&nbsp;appraisals of the Loan Parties&rsquo; Inventory, and one (1)&nbsp;appraisals of the Loan
Parties&rsquo; Intellectual Property during such 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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-indent: 1.25in; text-align: justify">(c)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Borrower shall furnish to the Administrative Agent any information that the Administrative Agent may reasonably request regarding the
determination and calculation of the Borrowing Base including correct and complete copies of any invoices, underlying agreements, instruments
or other documents and the identity of all Account Debtors in respect of Accounts Receivables referred to therein.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-indent: 1.25in; text-align: justify">(d)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Nothing
contained in any Borrowing Base Certificate shall be deemed to limit, impair or otherwise affect the rights of the Administrative Agent
contained herein and in the event of any conflict or inconsistency between the calculation of the Borrowing Base, as set forth in any
Borrowing Base Certificate, and as reasonably determined by Administrative Agent in its good faith, the determination of Administrative
Agent shall govern and be conclusive and binding upon Borrower and Guarantors, absent manifest error. Without limiting the foregoing,
Borrower shall furnish to Administrative Agent any information which Administrative Agent may reasonably request regarding the determination
and calculation of any of the amounts set forth in any Borrowing Base Certificate.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify">The Borrower agrees to pay (i)&nbsp;each
examiner&rsquo;s fees and reasonable and documented out-of-pocket costs and expenses incurred in connection with all such visits, audits,
inspections, appraisals, valuations and field examinations and (ii)&nbsp;the reasonable and documented out-of-pocket cost of all visits,
audits, inspections, appraisals, valuations and field examinations conducted by a third party on behalf of the Agents.</P>

<P STYLE="font: 10pt 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; color: #010000"><B>ARTICLE&nbsp;IV</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PAYMENTS AND OTHER COMPENSATION</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 0in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">Section&nbsp;4.01&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Payments; Computations and Statements</U>. (a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Borrower will make each payment under this Agreement not later than 1:00 p.m.&nbsp;(New York time) on the day when due, in lawful money
of the United States of America and in immediately available funds, to the Administrative Agent&rsquo;s Account. All payments received
by the Administrative Agent after 1:00 p.m.&nbsp;(New York time) on any Business Day shall, in 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. The Administrative
Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal and interest ratably to the Lenders
in accordance with their Pro Rata Shares and like funds relating to the payment of any other amount payable to any Lender to such Lender,
in each case to be applied in accordance with the terms of this Agreement. All payments shall be made by the Borrower without set-off,
counterclaim, deduction or other defense to the Agents and the Lenders. Whenever any payment to be made under any such Loan Document
shall be stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day and such
extension of time shall in such case be included in the computation of interest or fees, as the case may be; <I>provided, however</I>,
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. All computations of fees shall be made by the Administrative Agent
on the basis of a year of 360 days for the actual number of days (including the first day but excluding the last day) occurring in the
period for which such fees are payable. Each determination by the Administrative Agent of an interest rate or fees hereunder shall be
conclusive and binding for all purposes in the absence of 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 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Unless
the Administrative Agent shall have received notice from the Borrower prior to the date on which any payment is due to the Administrative
Agent for the account of the Lenders hereunder that the Borrower will not make such payment, the Administrative Agent may assume that
the Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the applicable
Lenders, the amount due. In such event, if the Borrower did not in fact make such payment, then each of the applicable Lenders, severally
agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender, in immediately available funds
with interest thereon, for each day from and including the date such amount is distributed by the Administrative Agent to but excluding
the date of payment to the Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate reasonably determined
by the Administrative Agent in accordance with banking industry rules&nbsp;on interbank compensation, plus any reasonable administrative,
processing, or similar fees customarily charged by the Administrative Agent in connection with the foregoing.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in"><FONT STYLE="color: #010000">Section&nbsp;4.02&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Sharing
of Payments, Defaulting Lenders, Etc.</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 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>The
Administrative Agent shall not be obligated to transfer to a Defaulting Lender any payments made by any Borrower to the Administrative
Agent for the Defaulting Lender&rsquo;s benefit, and, in the absence of such transfer to the Defaulting Lender, the Administrative Agent
shall transfer any such payments to each other non-Defaulting Lender ratably in accordance with their Commitments (but only to the extent
that such Defaulting Lender&rsquo;s Loan was funded by the other Lenders) or, if so directed by the Borrower and if no Default or Event
of Default has occurred and is continuing (and to the extent such Defaulting Lender&rsquo;s Loan was not funded by the other Lenders),
retain the same to be re-advanced to the Borrower as if such Defaulting Lender had made such Loans to the Borrower. Subject to the foregoing,
the Administrative Agent may hold and, in its discretion, re-lend to the Borrower for the account of such Defaulting Lender the amount
of all such payments received and retained by the Administrative Agent for the account of such Defaulting Lender. This Section&nbsp;shall
remain effective with respect to such Lender until (x)&nbsp;the Obligations (other than unasserted contingent indemnification Obligations)
under this Agreement shall have been declared or shall have become immediately due and payable, (y)&nbsp;the non-Defaulting Lenders,
the Administrative Agent, and the Borrower shall have waived such Defaulting Lender&rsquo;s default in writing, or (z)&nbsp;the Defaulting
Lender makes its Pro Rata Share of the applicable defaulted Loan and pays to the Administrative Agent all amounts owing by such Defaulting
Lender in respect thereof. The operation of this Section&nbsp;shall not be construed to increase or otherwise affect the Commitment of
any Lender, to relieve or excuse the performance by such Defaulting Lender or any other Lender of its duties and obligations hereunder,
or to relieve or excuse the performance by the Borrower of its duties and obligations hereunder to the Administrative Agent or to the
Lenders other than such Defaulting Lender. Any such failure to fund by any Defaulting Lender shall constitute a material breach by such
Defaulting Lender of this Agreement and shall entitle the Borrower at its option, subject to the written consent of the Administrative
Agent (which consent shall not be unreasonably withheld), to permanently replace the Defaulting Lender with one or more substitute Lenders
(each, a &ldquo;<U>Replacement Lender</U>&rdquo;), and the Defaulting Lender shall have no right to refuse to be replaced hereunder.
Notice from the Borrower to the Agents effecting their right to replace the Defaulting Lender shall specify an effective date for such
replacement, which date shall not be later than fifteen (15) Business Days after the date such notice is given. Prior to the effective
date of such replacement, the Defaulting Lender and each Replacement Lender shall execute and deliver an Assignment and Acceptance, subject
only to the Defaulting Lender being repaid its share of the outstanding Obligations without any premium or penalty of any kind whatsoever.
If the Defaulting Lender shall refuse or fail to execute and deliver any such Assignment and Acceptance prior to the effective date of
such replacement, the Defaulting Lender shall be deemed to have executed and delivered such Assignment and Acceptance. The replacement
of any Defaulting Lender shall be made in accordance with the terms of <U>Section&nbsp;12.07(b)</U>. Any such assumption of the Commitment
of such Defaulting Lender shall not be deemed to constitute a waiver of any of the Lenders&rsquo; or the Borrower&rsquo;s rights or remedies
against any such Defaulting Lender arising out of or in relation to such failure to fund.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Except
as provided in <U>Section&nbsp;2.02</U> or <U>Section&nbsp;12.07</U>, if any Lender shall obtain any payment (whether voluntary, involuntary,
through the exercise of any right of set-off, or otherwise) on account of any Obligation in excess of its ratable share of payments on
account of similar obligations obtained by all the Lenders, such Lender shall forthwith purchase from the other Lenders such participations
in such similar obligations held by them as shall be necessary to cause such purchasing Lender to share the excess payment ratably with
each of them; <I>provided, however</I>, that if all or any portion of such excess payment is thereafter recovered from such purchasing
Lender, such purchase from each Lender shall be rescinded and such Lender shall repay to the purchasing Lender the purchase price to
the extent of such recovery together with an amount equal to such Lender&rsquo;s ratable share (according to the proportion of (i)&nbsp;the
amount of such Lender&rsquo;s required repayment to (ii)&nbsp;the total amount so recovered from the purchasing Lender of any interest
or other amount paid by the purchasing Lender in respect of the total amount so recovered); <I>provided</I>, the provisions of this <U>Section&nbsp;4.02(b)</U>&nbsp;shall
not be construed to apply to any payment made by or on behalf of any Borrower pursuant to and in accordance with the terms of this Agreement
(including, without limitation, as provided in <U>Section&nbsp;2.05</U> and the application of funds arising from the existence of a
Defaulting Lender) The Borrower agrees that any Lender so purchasing a participation from another Lender pursuant to this <U>Section&nbsp;4.02(b)</U>&nbsp;may,
to the fullest extent permitted by law, exercise all of its rights (including the Lender&rsquo;s right of set-off) with respect to such
participation as fully as if such Lender were the direct creditor of the Borrower in the amount of such participation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0 0pt 0in; text-indent: 1.25in"><FONT STYLE="color: #010000">Section&nbsp;4.03&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Apportionment
of Payments</U>.&#8239;&#8239;&#8239;Subject to <U>Section&nbsp;2.02</U> or <U>Section 12.07</U> hereof and to any written agreement among the Agents and/or
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 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>all
payments of principal and interest in respect of outstanding Loans, all payments of fees (other than the fees set forth in <U>Sections
2.06</U> and <U>7.01(f)</U>&nbsp;hereof) and all other payments in respect of any other Obligations, shall be allocated by the Administrative
Agent among such of the Lenders as are entitled thereto, in proportion to their respective Pro Rata Shares or otherwise as provided herein
or, in respect of payments not made on account of Loans, as designated by the Person making payment when the payment is made.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>After
the occurrence and during the continuance of an Event of Default, the Administrative Agent may, and upon the direction of the Required
Lenders shall (or in the case of an acceleration of the Obligations, the Administrative Agent shall), apply all proceeds of the Collateral
and all amounts received by the Administrative Agent on account of the Obligations (i)&nbsp;first, ratably to pay the Obligations in
respect of any fees, expense reimbursements, indemnities and other amounts then due and payable to the Agents until paid in full; (ii)&nbsp;second,
ratably to pay the Obligations in respect of any fees (other than any <FONT STYLE="text-decoration: underline double; color: blue">Repayment
Fee or </FONT>Prepayment Premium) and indemnities then due and payable to the Lenders until paid in full; (iii)&nbsp;third, ratably to
pay interest then due and payable in respect of the Term Loans (for the avoidance of doubt, pro rata as between the Initial Term Loan,
the Delayed Draw Term Loans, the April/June&nbsp;2024 Bridge Loans (if any) and the March&nbsp;2025 Bridge Loan (if any) until paid in
full; (iv)&nbsp;fourth, ratably to pay principal of the Term Loans (for the avoidance of doubt, pro rata as between the Initial Term
Loan, the Delayed Draw Term Loans, the April/June&nbsp;2024 Bridge Loans (including the April/June&nbsp;2024 Bridge Loan Fee) (if any))
and the March&nbsp;2025 Bridge Loan (including the March&nbsp;2025 Bridge Loan Fee) (if any)) until paid in full; (v)&nbsp;fifth, ratably
to pay the Obligations in respect of <FONT STYLE="text-decoration: underline double; color: blue">Repayment Fee or </FONT>any Prepayment
Premium then due and payable to the Lenders until paid in full; and (vi)&nbsp;sixth, to the ratable payment of all other Obligations
then due and payable.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>The
term &ldquo;paid in full&rdquo; means payment in cash of all amounts owing under the Loan Documents, including all principal, loan fees,
service fees, professional fees, interest (and specifically including interest accrued after the commencement of any Insolvency Proceeding),
default interest, interest on interest, <FONT STYLE="text-decoration: underline double; color: blue">Repayment Fee, </FONT>the Prepayment
Premium, the April/June&nbsp;2024 Bridge Loan Fee, March&nbsp;2025 Bridge Loan Fee, the Exit Fee, and expense reimbursements, whether
or not same would be or is allowed or disallowed in whole or in part in any Insolvency 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-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="color: #010000"><B>ARTICLE&nbsp;V
</B></FONT><B></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>CONDITIONS TO LOANS</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 0in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">Section&nbsp;5.01&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Conditions
Precedent to Effectiveness</U>.&#8239;&#8239;&#8239;&#8239;This Agreement shall
become effective as of the Effective Date when each of the following conditions precedent shall have been satisfied (or waived) in a
manner satisfactory to 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 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Payment
of Fees, Etc</U>. &#8239;&#8239;The Borrower shall have paid on or before the date of this Agreement all fees, costs, expenses and
taxes then due and payable pursuant to <U>Section 2.06</U> and <U>Section&nbsp;12.04</U> to the extent invoiced at least two
(2)&nbsp;Business Days prior to the Effective Date.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Representations
and Warranties; No Event of Default</U>.&#8239;&#8239;&#8239;The following statements shall be true and correct: (i)&nbsp;the representations and warranties
contained in ARTICLE&nbsp;VI and in each other Loan Document, certificate or other writing delivered to any Agent or any Lender pursuant
hereto or thereto on or prior to the Effective Date are true and correct in all material respects (except that such materiality qualifier
shall not be applicable to representations and warranties that already are qualified or modified as to &ldquo;materiality&rdquo; or &ldquo;Material
Adverse Effect&rdquo; in the text thereof, which representations and warranties shall be true and correct in all respects subject to
such qualification) 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 have been true and correct on such earlier date, and (ii)&nbsp;no Default or
Event of Default shall have occurred and be continuing on the Effective Date or would result from this Agreement or the other Loan Documents
becoming effective in accordance with its or their respective terms.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Legality</U>.
&#8239;&#8239;The making of the initial Loans shall not contravene any law, rule&nbsp;or regulation applicable to any Lender.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Delivery
of Documents</U>. &#8239;&#8239;The Administrative Agent and (other than in the case of clause (v)) the Lenders shall have received on or before the
Effective Date the following, each in form and substance satisfactory to the Lenders and, unless indicated otherwise, dated the Effective
Date:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>
this Agreement, duly executed by the parties hereto;</P>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(ii)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;
the Intercompany Subordination Agreement, duly executed by each of the parties thereto;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(iii)&#8239;&#8239;&#8239;&#8239;</FONT>
the Effective Date Acquisition Collateral Assignment, duly executed by each of the parties thereto;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(iv)&#8239;&#8239;&#8239;&#8239;</FONT>
the Flow of Funds Authorization, duly executed by each of the parties thereto;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(v)&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>
the Perfection Certificate, duly executed by the Borrower;</P>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(vi)</FONT>&#8239;&#8239;&#8239;&#8239;
the Fee Letter, duly executed by the Borrower;</P>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(vii)&#8239;</FONT>&#8239;
a Security Agreement, duly executed by each Loan Party, together with the original stock certificates representing all of the common
stock or certificated membership interests of such Loan Party&rsquo;s subsidiaries required to be pledged thereunder and all intercompany
promissory notes of such Loan Parties required to be pledged thereunder, accompanied by undated stock powers executed in blank and other
proper instruments of transfer;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(viii)&#8239;&#8239;</FONT>
the Warrant duly executed by the Borrower;</P>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(ix)&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>
the UK Security Documents duly executed by the parties purported to be parties thereto;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(x)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Dutch
Security Documents duly signed by the parties purported to be parties thereto and the Belgian Security Documents duly signed by the parties
purported to be parties thereto;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(xi)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Assignments
for Security, with respect to the Intellectual Property duly executed by each relevant Loan Party;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1.5in"><FONT STYLE="color: #010000">(xii)&#8239;&#8239;&#8239;</FONT>
[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 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(xiii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;</FONT></FONT>results
of Lien searches, listing all effective financing statements which name as debtor any Loan Party and which are filed in the offices referred
to in the Perfection Certificate, together with copies of such financing statements, none of which, except as otherwise agreed in writing
by the Required Lenders and Permitted Liens, shall cover any of the Collateral and the results of searches for any tax Lien and judgment
Lien filed against such Person or its property, which results, except as otherwise agreed to in writing by the Required Lenders and Permitted
Liens, shall not show any such 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 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(xiv)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;</FONT></FONT>a
copy of the resolutions of each Loan Party, certified as of the Effective Date by an Authorized Officer thereof, authorizing (A)&nbsp;the
borrowings or guaranty hereunder and the transactions contemplated by the Loan Documents to which such Loan Party is or will be a party,
and (B)&nbsp;the execution, delivery and performance by such Loan Party of each Loan Document to which such Loan Party is or will be
a party and the execution and delivery of the other documents to be delivered by such Person in connection herewith and therewith;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(xv)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT></FONT>a
certificate of an Authorized Officer of each Loan Party (other than the UK Obligors), certifying the names and true signatures of the
representatives of such Loan Party authorized to sign each Loan Document to which such Loan Party is or will be a party and the other
documents to be executed and delivered by such Loan Party in connection herewith and therewith, together with evidence of the incumbency
of such authorized officers;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(xvi)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;</FONT></FONT>a
true and complete copy of the charter, certificate of formation, certificate of limited partnership or other publicly filed organizational
document of each Loan Party (other than the UK Obligors) certified as of a recent date not more than 30 days prior to the Effective Date
by an appropriate official of the jurisdiction of organization of such Loan Party or, with respect to the Dutch Loan Party and the Belgian
Loan Party certified by an Authorized Officer, which shall set forth the same complete name of such Loan Party as is set forth herein
and the organizational number of such Loan Party, if an organizational number is issued in such jurisdiction;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(xvii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;</FONT></FONT>a
certificate of an Authorized Officer of each Loan Party (other than the UK Obligors), certifying as to a true and complete copy of the
charter, certificate of formation, certificate of limited partnership or other publicly filed organizational document of each Loan Party
certified as of a recent date not more than 30 days prior to the Effective Date by an appropriate official of the jurisdiction of organization
of such Loan Party which shall set forth the same complete name of such Loan Party as is set forth herein and the organizational number
of such Loan Party, if an organizational number is issued in such 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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(xviii)<FONT STYLE="font-size: 10pt">&#8239;</FONT></FONT>a
copy of the Governing Documents of each Loan Party (other than the UK Obligors), together with all amendments thereto, certified as of
the Effective Date by an Authorized Officer 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 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(xix)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;</FONT></FONT>an
opinion of Michelman&nbsp;&amp; Robinson, LLP, counsel to the Loan Parties with respect to U.S. law, of NautaDutilh N.V., Dutch counsel
to the Loan Parties with respect to Dutch law and Belgian counsel to the Loan Parties with respect to Belgian 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 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(xx)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT></FONT>a
certificate of an Authorized Officer of each Loan Party, certifying as to the matters set forth in subsection (b), (e)&nbsp;and (g)&nbsp;of
this Section&nbsp;5.01;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(xxi)&#8239;&#8239;</FONT>
a copy of the Financial Statements;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(xxii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;</FONT></FONT>a
certificate of the chief financial officer of the Borrower, certifying on behalf of the Loan Parties, as to the solvency of the Loan
Parties (on a consolidated basis), which certificate shall be reasonably satisfactory in form and substance to 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 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(xxiii)<FONT STYLE="font-size: 10pt">&#8239;</FONT></FONT>evidence
of the insurance coverage required by Section&nbsp;7.01(h)&nbsp;and the terms of each Security Document and such other insurance coverage
with respect to the business and operations of the Loan Parties as the Required Lenders may reasonably request, in each case, where requested
by the Required Lenders, together with evidence of the payment of all premiums due in respect thereof for such period as the Required
Lenders may reasonably request; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(xxiv)<FONT STYLE="font-size: 10pt">&#8239;</FONT></FONT>concurrently
with the making of the initial Loans, evidence of the payment in full of all Indebtedness under (i)&nbsp;that certain Accounts Receivable
Financing Agreement, dated as of September&nbsp;30, 2020, between Boxlight Inc., EOS EDU LLC and Sallyport Commercial Finance, LLC (&ldquo;<U>Sallyport</U>&rdquo;),
as amended, and the Revolving Inventory Loan Addendum to the Accounts Receivable Financing Agreement, dated as of December&nbsp;16, 2021
(collectively, the &ldquo;<U>Sallyport Agreements</U>&rdquo;), together with (A)&nbsp;a termination and release agreement with respect
to the Sallyport Agreements, all security agreements related thereto and all other related documents, duly executed by the applicable
Loan Parties and Sallyport and (B)&nbsp;UCC-3 termination statements for all UCC-1 financing statements authorized to be filed by the
applicable Loan Parties, and (ii)&nbsp;with respect to the Barclays Facility, (A)&nbsp;a termination and release agreement with respect
to the Barclays Facility and all related documents, duly executed by the Loan Parties, and the agents and lenders with respect to termination
of the Barclays Facility, (B)&nbsp;if applicable, a termination of security interest in intellectual property for each assignment for
security recorded by any Person at the United States Patent and Trademark Office or the United States Copyright Office and covering any
intellectual property of the Loan Parties, that constitutes 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 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(e)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>No
Material Adverse Effect</U>. &#8239;&#8239;Since December&nbsp;31, 2020, there shall not have been any Material Adverse Effect.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(f)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Diligence</U>.
Each Lender shall have completed and be satisfied, in its sole discretion, with its review of the results of the tax, financial and accounting,
legal, insurance, regulatory and management due diligence investigations with respect to the Loan Parties and their 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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(g)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Senior
Leverage Ratio</U>. &#8239;&#8239;After giving effect to the Transactions and the Effective Date Acquisition of FrontRow the Senior Leverage Ratio
(calculated on a pro-forma basis) shall be not more than 2.50:1.00.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(h)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Effective
Date Acquisition</U>. &#8239;&#8239;The Effective Date Acquisition shall be consummated substantially concurrently with the initial borrowing hereunder,
in all material respects in accordance with the terms of the Effective Date Acquisition Agreement. No provision of the Effective Date
Acquisition Agreement (in the form last disclosed to the Initial Term Loan Lenders) shall have been amended or waived, nor shall any
consent have been given, by the Borrower or any of its Affiliates in a manner materially adverse to the Initial Term Loan Lenders without
the consent of the Initial Term Loan 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 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(i)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Without
limiting the generality of the provisions of <U>Article&nbsp;X</U>, for purposes of determining compliance with the conditions specified
in this <U>Section&nbsp;5.01</U>, each Lender as of the Effective Date shall be deemed to have consented to, approved or accepted or
to be satisfied with, each document or other matter required hereunder to be consented to or approved by or acceptable or satisfactory
to a Lender unless the Administrative Agent shall have received written notice from such Lender prior to the Effective Date specifying
its objection thereto.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-indent: 1.25in"><FONT STYLE="color: #010000">Section&nbsp;5.02&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>UK
Conditions Precedent to Effectiveness</U>:&#8239;&#8239; The Administrative Agent shall have received with respect to the UK Obligors:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>a
formalities certificate (signed by a director) for each UK Obligor certifying that borrowing or guaranteeing or securing the Obligations
(as appropriate) would not cause any guaranteeing or securing or similar limit binding on it to be exceeded, and which attaches a true
and complete copy of:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(i)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>resolutions
adopted by the board of directors of each UK Obligor approving the terms of, and the transactions contemplated by, the Loan Documents
to which it is a party and resolving that it execute, deliver and perform the Loan Documents to which it is a party, authorizing a specified
person or persons to execute the Loan Documents to which it is a party and, to sign and/or dispatch all other documents and notices to
be signed and or dispatched by it under or in connection with the Loan Documents to which it is a party;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(ii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>a
specimen signature of each person authorized by the resolution referred to in paragraph (i)&nbsp;above who is proposing to sign such
documents and notices;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(iii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT></FONT>resolutions
signed by the member(s)&nbsp;of each UK Obligor which hold(s)&nbsp;or will hold the issued shares of each UK Obligor, approving the terms
of, and the transactions contemplated by the Loan Documents to which each UK Obligor is party;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(iv)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;</FONT></FONT>resolutions
adopted by the board of directors of the shareholder of each UK Obligor approving the resolutions referred to in paragraph (i)&nbsp;above
and certifying such resolutions have not been modified, rescinded or amended and are in full force and 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 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>certification
of a director of each UK Obligor, certifying as to the matters set forth in subsection (b)&nbsp;and (g)&nbsp;of <U>Section&nbsp;5.01</U>
above; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>certification
of the chief financial officer of the Borrower, certifying on behalf of the UK Obligors, as to the solvency of the UK Obligors (on a
consolidated basis), which certificate shall be reasonably satisfactory in form and substance to 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 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>the
memorandum of association (if applicable), articles of association, certificate of incorporation and certificate of change of name (if
applicable) for each UK Obligor attached to the formalities certificate referred to in paragraph (a)&nbsp;above and confirmation in the
formalities certificate these documents are complete, true and correct copies of such documents and are in full force and effect as at
the date of such certification,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(e)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>confirmation
that each copy document in this <U>Section&nbsp;5.02</U> to which each UK Obligor are party is correct, complete and in full force and
effect and has not been amended or superseded as at a date no earlier than the date of the formalities certificate referred to in paragraph
(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 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(f)&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>
if available, the latest audited annual financial statements of each UK Obligor,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(g)&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>
with respect to each UK Obligor, whose shares are charged pursuant to the UK Security Documents either:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(i)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>a
certificate of an authorised signatory certifying that: (A)&nbsp;it has complied within the relevant timeframe with any notice it has
received pursuant to Part&nbsp;21A of the Companies Act 2006; and (B)&nbsp;no &ldquo;warning notice&rdquo; or &ldquo;restrictions notice&rdquo;
(in each case as defined in Schedule 1B of the Companies Act 2006) has been issued in respect of those shares, together with a copy of
the &ldquo;PSC register&rdquo; (within the meaning of section 790C(10)&nbsp;of the Companies Act 2006) which is certified by an authorized
signatory to be correct, complete and not amended or superseded as at a date no earlier than the date of 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 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(ii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>a
certificate of an authorized signatory of the relevant UK Obligor certifying that it is not required to comply with Part&nbsp;21A of
the Companies Act 2006,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(h)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>copy
of all notices required to be given or executed under the UK Security Documents executed by the relevant UK Obligor,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(i)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>all
share certificates, stock transfer forms or equivalent duly executed by the relevant UK Obligor in blank and certified copies of each
register of members (in each case in respect of each UK Obligor) and other documents of title or perfection documents required to be
provided under the UK Security Documents, and</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(j)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>an
opinion of counsel to the Lenders in England and Northern Ireland with respect to English law and Northern Irish 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 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;5.03&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Conditions Precedent to All Term Loans</U>. &#8239;&#8239;The obligation of any Lender to make any Term Loan after the Effective Date is
subject to the fulfillment of each of 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 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Payment
of Fees, Etc</U>.&#8239;&#8239; The Borrower shall have paid all fees, costs, expenses and taxes then payable by the Borrower pursuant to this Agreement
and the other Loan Documents, including, without limitation, <U>Section&nbsp;2.06</U>, and <U>Section&nbsp;12.04</U> 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 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Representations
and Warranties; No Event of Default</U>. &#8239;&#8239;The following statements shall be true and correct, and the submission by the Borrower to the
Administrative Agent of a Notice of Borrowing with respect to each such Loan, and the Borrower&rsquo;s acceptance of the proceeds of
such Loan, shall each be deemed to be a representation and warranty by each Loan Party on the date of such Loan: (i)&nbsp;the representations
and warranties contained in ARTICLE&nbsp;VI and in each other Loan Document, certificate or other writing delivered to any Agent or any
Lender pursuant hereto or thereto on or prior to the date of such Loan are true and correct in all material respects (except that such
materiality qualifier shall not be applicable to any representations or warranties that already are qualified or modified as to &ldquo;materiality&rdquo;
or &ldquo;Material Adverse Effect&rdquo; in the text thereof, which representations and warranties shall be true and correct in all respects
subject to such qualification) on and as of such date as though made on and as of such date, except to the extent that any such representation
or warranty expressly relates solely to an earlier date in which case such representation or warranty shall be true and correct on and
as of such earlier date in all material respects (except that such materiality qualifier shall not be applicable to any representations
or warranties that already are qualified or modified as to &ldquo;materiality&rdquo; or &ldquo;Material Adverse Effect&rdquo; in the
text thereof, which representations and warranties shall be true and correct in all respects subject to such qualification) on and as
of such earlier date, (ii)&nbsp;at the time of and after giving effect to the making of such Loan and the application of the proceeds
thereof, no Default or Event of Default has occurred and is continuing or would result from the making of the Term Loan to be made on
such date and (iii)&nbsp;the conditions set forth in this Section&nbsp;5.02 have been satisfied as of the date of such request.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Legality.</U>
&#8239;&#8239;The making of such Loan shall not contravene any law, rule&nbsp;or regulation applicable to any Agent or any Lender.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Senior
Leverage Ratio</U>.&#8239;&#8239; After giving effect to making of such Loan (other than the April/June&nbsp;2024 Bridge Loans and the March&nbsp;2025
Bridge Loan Fee) the Senior Leverage Ratio (calculated on a pro-forma basis) shall be not more than: (i)&nbsp;during the period January&nbsp;1,
2020 and December&nbsp;31, 2022, 2.50:1.00 (provided that the foregoing shall not apply with respect to a Delayed Draw Term Loan of up
to $2,500,000 that is made on or about the Second Amendment Effective Date) and (ii)&nbsp;during the period January&nbsp;1, 2023 and
June&nbsp;30, 2023, 2.25:1.00 (<I>provided </I>that the foregoing shall not apply with respect to a Delayed Draw Term Loan of up to $3,000,000
that is to be made on April&nbsp;24, 2023).</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(e)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Loan
Parties shall have complied with and completed all of their obligations under <U>Section&nbsp;7.01(s)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(f)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>With
respect to any Term Loans to be made from and after February&nbsp;28, 2023, the February&nbsp;2023 Repayment shall have been made.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(g)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>With
respect to the April&nbsp;2024 Bridge Loan, (i)&nbsp;the Loan Parties shall have delivered to the Administrative Agent, the Monthly Borrowing
Base Certificate for March&nbsp;2024, which shall not show an Over Advance (other than as a result of the making of the April&nbsp;2024
Bridge Loan (including the capitalized April&nbsp;2024 Bridge Loan Fee), and (ii)&nbsp;the Loan Parties shall comply with all other obligations
of this <U>Section&nbsp;5.03</U> (other than clause (d)&nbsp;and clause (h)) <I>(provided </I>that the Borrower shall be permitted to
draw the April&nbsp;2024 Bridge Loan, if solely as a result of making such Term Loan, an Over Advance exists) (clauses (i)&nbsp;and (ii),
collectively, the &ldquo;<U>April&nbsp;2024 Bridge Loan Funding Conditions</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 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(h)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>With
respect to the June&nbsp;2024 Bridge Loan, (i)&nbsp;the Loan Parties shall have delivered to the Administrative Agent, the Monthly Borrowing
Base Certificate for May&nbsp;2024, which shall not show an Over Advance, (ii)&nbsp;after the making of and giving effect to the June&nbsp;2024
Bridge Loan (including the capitalized June&nbsp;2024 Bridge Loan Fee), no Over Advance shall exist on a pro forma basis, (iii)&nbsp;the
Administrative Agent shall have received and be satisfied with the Loan Parties &ldquo;flash revenue&rdquo; forecast and margins for
the month of May&nbsp;2024, (iv)&nbsp;the Loan Parties shall comply with all other obligations of this <U>Section&nbsp;5.03</U> (other
than clause (d)&nbsp;and clause (g)) (clauses (i)&nbsp;through (iv), collectively, the &ldquo;<U>June&nbsp;2024 Bridge Loan Funding Conditions</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 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(i)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>With
respect to the March&nbsp;2025 Bridge Loan, (i)&nbsp;the Loan Parties shall have delivered to the Administrative Agent, the Monthly Borrowing
Base Certificate for February&nbsp;2025, which shall not show an Over Advance (other than an Over Advance that does not exceed $4,000,000
(including as a result of the capitalized March&nbsp;2025 Bridge Loan Fee)), and (ii)&nbsp;the Loan Parties shall comply with all other
obligations of this <U>Section&nbsp;5.03</U> (other than clauses (d), (g)&nbsp;and (h)) <I>(provided </I>that the Borrower shall be permitted
to draw the March&nbsp;2025 Bridge Loan, if solely as a result of making such Term Loan, an Over Advance that does not exceed $4,000,000
exists) (clauses (i)&nbsp;and (ii), collectively, the &ldquo;<U>March&nbsp;2025 Bridge Loan Funding Conditions</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 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(j)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Notices</U>.
&#8239;&#8239;The Administrative Agent shall have received a Notice of Borrowing and a Flow of Funds Authorization pursuant to Section&nbsp;2.02.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="color: #010000"><B>ARTICLE&nbsp;VI
</B></FONT><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>REPRESENTATIONS AND WARRANTIES</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; text-align: justify; margin: 0pt 0 0pt 0in; text-indent: 1.25in"><FONT STYLE="color: #010000">Section&nbsp;6.01&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Representations
and Warranties</U>.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each Loan Party hereby represents
and warrants to the Agents and the Lenders, so long as any principal of or interest on any Term Loan or any other Obligation (whether
or not due, but excluding unasserted contingent indemnification Obligations) shall remain unpaid or any Lender shall have any Commitment
hereunder as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Organization,
Good Standing, Etc</U>. &#8239;&#8239;Each Loan Party (i)&nbsp;is a corporation, limited liability company or limited partnership duly formed or organized,
as applicable, validly existing and in good standing (to the extent applicable) under the laws of the state or jurisdiction of its formation
or organization, as applicable, (ii)&nbsp;has all requisite power and authority to conduct its business as now conducted and as presently
contemplated and, in the case of the Borrower, to make the borrowings hereunder, and to execute and deliver each Loan Document to which
it is a party, and to consummate the Transactions contemplated thereby, and (iii)&nbsp;is duly qualified to do business and is in good
standing in each jurisdiction in which the character of the properties owned or leased by it or in which the transaction of its business
makes such qualification necessary except, with respect to this clause (iii), where the failure to be so qualified 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 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Authorization,
Etc</U>. &#8239;&#8239;The execution, delivery and performance by each Loan Party of each Loan Document to which it is or will be a party, (i)&nbsp;have
been duly authorized by all necessary action, including any approval by the supervisory board or general meeting of any Dutch Loan Party
and, where applicable, by having obtained positive or neutral advice (advies) in accordance with the Dutch Works Councils Act (Wet op
de ondernemingsraden) from any Works Council (Ondernemingsraad) having jurisdiction over the transactions entered into by executing the
Loan Documents, which, if conditional, contains conditions which can reasonably be complied with and would not cause and are not reasonably
likely to cause a breach of any terms of any Loan Document, (ii)&nbsp;do not and will not contravene (A)&nbsp;any of its Governing Documents,
(B)&nbsp;any applicable Requirement of Law or (C)&nbsp;any Contractual Obligation binding on or otherwise affecting it or any of its
properties, (iii)&nbsp;do not and will not result in or require the creation of any Lien (other than pursuant to any Loan Document) upon
or with respect to any of its properties other than any such Lien that constitutes a Permitted Lien, and (iv)&nbsp;do not and will not
result in any default, noncompliance, suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization
or approval applicable to its operations or any of its properties except, in the case of clauses <U>(ii)(B)</U>, <U>(ii)(C)</U>&nbsp;and
<U>(iv)</U>, as 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 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Governmental
and Shareholder Approvals</U>. &#8239;&#8239;Except for required filings with the SEC under the Exchange Act, no authorization or approval or other
action by, and no notice to or filing with any Governmental Authority is required in connection with the due execution, delivery and
performance by any Loan Party of any Loan Document to which it will be party or the consummation of the Transactions contemplated by
the Loan Documents, except for (x)&nbsp;those which have been provided or obtained on or prior to the Effective Date, (y)&nbsp;filings
relating to the granting of Liens to, or the enforcement of rights by, the Lenders and Agents and (z)&nbsp;those notices of filings with
any Governmental Authority, which if not obtained or made would not, individually or in the aggregate, reasonably be expected to be material
and adverse to the Loan Parties, taken as a whole.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Enforceability
of Loan Documents</U>.&#8239;&#8239;&#8239;This Agreement is, and each other Loan Document to which any Loan Party is or will be a party, when delivered
hereunder, will be, a legal, valid and binding obligation of such Loan Party, enforceable against such Loan Party in accordance with
its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar
laws affecting the enforcement of creditors&rsquo; rights generally and general principles of equity.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(e)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Capitalization;
Subsidiaries</U>. <U>Schedule 6.01(e)</U>&nbsp;is a complete and correct description, as of the Effective Date, of the name and jurisdiction
of organization of the Borrower and each Subsidiary of the Borrower, and ownership of the outstanding Equity Interests of each Subsidiary
of the Borrower, in each case in existence as of the Effective Date. All of the issued and outstanding shares of Equity Interests of
the Loan Parties have been validly issued and are fully paid and nonassessable. Except as indicated on such schedule, as of the Effective
Date, all such Equity Interests of each Subsidiary of the Borrower (including the Excluded Subsidiaries) are owned by the Borrower or
one or more of its wholly-owned Subsidiaries, free and clear of all Liens other than Liens in favor of the Collateral Agent and Permitted
Liens. Except as set forth on <U>Schedule 6.01(e)</U>, as of the Effective Date, there are no outstanding debt or equity securities of
the Borrower or any of its Subsidiaries and no outstanding obligations of the Borrower or any of its Subsidiaries convertible into or
exchangeable for, or warrants, options or other rights (other than stock options granted to employees or directors and director&rsquo;s
qualifying shares or similar nominal share to the extent required under applicable legal requirements) for the purchase or acquisition
from the Borrower or any of its Subsidiaries, or other obligations of any Subsidiary to issue, directly or indirectly, any shares of
Equity Interests of any Subsidiary of the Borrower.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(f)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Litigation;
Commercial Tort Claims</U>.&#8239;&#8239;&#8239;Except as set forth on
<U>Schedule 6.01(f)</U>, (i)&nbsp;there is no pending or, to the knowledge of any Loan Party, threatened (in writing) action, suit or
proceeding affecting any Loan Party or any of its properties before any court or other Governmental Authority or any arbitrator that
(A)&nbsp;could reasonably be expected to result in an adverse determination, and if so adversely determined, would reasonably be expected
to have, either individually or in the aggregate, a Material Adverse Effect, (B)&nbsp;seeks to enjoin any transaction contemplated hereby
or by any Loan Document or (C)&nbsp;as of the Effective Date, relates to an amount claimed or, if adversely determined, could reasonably
be expected to result in a liability, in each case, in excess of $250,000 and (ii)&nbsp;as of the Effective Date, none of the Loan Parties
holds any commercial tort claims in respect of which a claim in excess of $250,000 has been filed in a court of law or a written notice
by an attorney has been given to a potential defendant.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(g)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Financial
Condition</U>. &#8239;The Financial Statements, copies of which have been delivered to each Lender, present fairly, in all material respects,
the consolidated financial position, results of operations and cash flows of the Borrower and its Subsidiaries for the respective periods
or as of the respective dates set forth therein in accordance with GAAP, applied on a consistent basis during the periods presented,
except as otherwise noted therein (subject, in the case of the unaudited consolidated balance sheet and the related consolidated statements
of operations, comprehensive income, shareholders&rsquo; equity and cash flows, to normal, recurring year-end adjustments and the absence
of footnotes). Since December&nbsp;31, 2020, no event or development has occurred 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 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(h)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Compliance
with Law, Etc</U>. &#8239;No Loan Party or any of its Subsidiaries is in violation of (i)&nbsp;any of its Governing Documents or (ii)&nbsp;any
Requirement of Law to the extent that any such violation would reasonably be expected to result, either individually or in the aggregate,
in a Material Adverse Effect, and, as of the Effective Date, no material default or event of default has occurred and is continuing thereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(i)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>ERISA</U>.&#8239;&#8239;
Except as set forth on <U>Schedule 6.01(i)</U>&nbsp;and except as could not reasonably be expected, either individually or in the aggregate,
to have a Material Adverse Effect, (i)&nbsp;each Benefit Plan is in compliance with ERISA and the Internal Revenue Code, and all other
applicable laws and regulations (ii)&nbsp;no Termination Event has occurred or, to the knowledge of the Loan Parties, is reasonably expected
to occur, (iii)&nbsp;the most recent annual report (Form&nbsp;5500 Series) with respect to each Benefit Plan, including any required
Schedule B (Actuarial Information) thereto, copies of which have been filed with the Internal Revenue Service, is complete and correct
in all material respects and fairly presents the funding status of such Benefit Plan, and since the date of such report there has been
no material adverse change in such funding status of such Benefit Plan, and (iv)&nbsp;no Employee Plan had an accumulated or waived funding
deficiency. No Lien imposed under the Internal Revenue Code or ERISA exists or, to the knowledge of the Loan Parties, is likely to arise
on account of any Employee Plan. Except as could not reasonably be expected, individually or in the aggregate, to result in a Material
Adverse Effect, (a)&nbsp;no Loan Party or any of its ERISA Affiliates has incurred any withdrawal liability under ERISA with respect
to any Multiemployer Plan, or is aware of any facts indicating that it or any of its ERISA Affiliates may in the future incur any such
withdrawal liability, (b)&nbsp;no Loan Party has engaged in a nonexempt prohibited transaction described in Section&nbsp;406 of ERISA
or Section&nbsp;4975 of the Internal Revenue Code and (c)&nbsp;no Loan Party or any ERISA Affiliate has (i)&nbsp;failed to pay any required
installment or other payment required under Section&nbsp;412 of the Internal Revenue Code on or before the due date for such required
installment or payment, (ii)&nbsp;engaged in a transaction within the meaning of Section&nbsp;4069 of ERISA or (iii)&nbsp;incurred any
liability to the PBGC that remains outstanding other than the payment of premiums, and there are no premium payments that have become
due that are unpaid. Except as could not reasonably be expected, either individually or in the aggregate, to have a Material Adverse
Effect, there are no pending or, to the best knowledge of any Loan Party, threatened claims, actions, proceedings or lawsuits (other
than claims for benefits in the normal course) asserted or instituted against (i)&nbsp;any Benefit Plan or its assets or (ii)&nbsp;any
Loan Party with respect to any Benefit Plan. Except as required by Section&nbsp;4980B of the Internal Revenue Code, no Loan Party maintains
an employee welfare benefit plan (as defined in Section&nbsp;3(1)&nbsp;of ERISA) that provides health or welfare benefits (through the
purchase of insurance or otherwise) for any retired or former employee of any Loan Party or coverage after a participant&rsquo;s termination
of employment, except any such plans for which the Loan Parties do not incur any material costs or expenses.</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 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(j)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Taxes,
Etc.</U> &#8239;&#8239;All federal and state and local income and other material tax returns and other reports required by applicable Requirements
of Law to be filed by any Loan Party have been filed, or extensions have been obtained, and all taxes, assessments and other governmental
charges imposed upon any Loan Party or any property of any Loan Party in an aggregate amount for all such taxes, assessments and other
governmental charges exceeding $250,000 and which have become due and payable on or prior to the Effective Date have been paid, except
to the extent contested in good faith by proper proceedings which stay the imposition of any penalty, fine or Lien resulting from the
non-payment thereof and with respect to which adequate reserves have been set aside for the payment thereof on the Financial Statements
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 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(k)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Regulations
T, U and X. &#8239;&#8239;</U>No Loan Party is or will be engaged in the business of extending credit for the purpose of purchasing or carrying margin
stock (within the meaning of Regulation T, U or X), and no proceeds of any Term Loan 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 or for any purpose that violates, or is inconsistent
with, the applicable requirements of Regulation T, U and X.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(l)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Nature
of Business</U>. &#8239;&#8239;No Loan Party is engaged in any business other than as set forth on <U>Schedule 6.01(l)</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 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(m)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Adverse
Agreements, Etc</U>. &#8239;&#8239;No Loan Party or any of its Subsidiaries is a party to any Contractual Obligation or subject to any restriction
or limitation in any Governing Document or any judgment, order, regulation, ruling or other requirement of a court or other Governmental
Authority, which has, or in the future would reasonably be expected to have, either 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 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(n)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Permits,
Etc</U>. &#8239;&#8239;Each Loan Party has, and is in compliance with all permits, licenses, authorizations, approvals, entitlements and accreditations
required for such Person lawfully to own, lease, manage or operate, or to acquire, each business currently owned, leased, managed or
operated, or to be acquired, by such Person, except as could not reasonably be expected to have, either individually or in the aggregate,
a Material Adverse Effect. No condition exists or event has occurred which, in itself or with the giving of notice or lapse of time or
both, would result in the suspension, revocation, impairment, forfeiture or non-renewal of any such permit, license, authorization, approval,
entitlement or accreditation, and there is no claim that any thereof is not in full force and effect, except as could not reasonably
be expected to have, either 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 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(o)&#8239;&#8239;&#8239;&#8239;</FONT>
<U>Properties</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 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(i)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Each
Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material
to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition,
ordinary wear and tear and casualty (to the extent fully covered by insurance subject to a deductible) and condemnation excepted<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"></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: 1.75in"><FONT STYLE="color: #010000">(ii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Schedule
6.01(o)</U>&nbsp;sets forth a complete and accurate list, as of the Effective Date, of the location, by state and street address, of
all real property owned or leased by each Loan Party and identifies the interest (fee or leasehold) of such Loan Party therein and whether
such real property is a &ldquo;Facility&rdquo;. As of the Effective Date, each Loan Party has valid leasehold interests in the Leases
described on <U>Schedule 6.01(o)</U>&nbsp;to which it is a party. Each such Lease is (x)&nbsp;valid and enforceable in accordance with
its terms in all material respects and is in full force and effect (except to the extent such Lease has terminated in accordance with
its terms), except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar
laws affecting creditors&rsquo; rights generally and (y)&nbsp;no consent or approval of any landlord or other third party in connection
with any such Lease is necessary for any Loan Party to enter into and execute the Loan Documents to which it is a party, except as set
forth on <U>Schedule 6.01(o)</U>. To the knowledge of any Loan Party, as of the Effective Date, no Loan Party has at any time delivered
or received any notice of material default which remains uncured under any such Lease and, as of the Effective Date, no event has occurred
which, with the giving of notice or the passage of time or both, would constitute a material default under any such Lease, except to
the extent such event could not reasonably be expected to result, either individually or in the aggregate, in a Material Adverse Effect.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(p)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Full
Disclosure</U>. &#8239;&#8239;Each Loan Party has disclosed to the Agents all agreements, instruments and corporate or other restrictions to which
it is subject, and all other matters known to it, that would reasonably be expected to result in a Material Adverse Effect. None of the
reports, financial statements, certificates or other written information (other than Projections) furnished by or on behalf of any Loan
Party to the Agents or any Lender in connection with the negotiation of this Agreement or delivered hereunder (as modified or supplemented
by other information so furnished), as of the date prepared, contains any material misstatement of fact or omits to state any material
fact necessary to make the statements therein, in the light of the circumstances under which it was made, not materially misleading.
The Projections have been prepared on a reasonable basis and in good faith based on assumptions, estimates, methods and tests believed
by the Loan Parties to be reasonable at the time such Projections were prepared and information believed by the Loan Parties to have
been accurate based upon the information available to the Loan Parties at the time such Projections was furnished to the Lenders, and
the Loan Parties are not aware of any facts or information that would lead them to believe that such Projections were incorrect or misleading
in any material respect as of the Effective Date; it being understood that (1)&nbsp;projections are by their nature subject to significant
uncertainties and contingencies, many of which are beyond the Loan Parties&rsquo; control, (2)&nbsp;actual results may differ materially
from the projections and such variations may be material and (3)&nbsp;the projections are not a guarantee of performance.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(q)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Compliance
with SEC Requirements</U>. &#8239;&#8239;Except as set forth on <U>Schedule 6.01(q),</U> all statements, reports, schedules, forms and other documents
(the &ldquo;<U>SEC Documents</U>&rdquo;) required to have been filed or furnished by any Loan Party with or to the SEC from January&nbsp;1,
2018 through the Effective Date have been so filed or furnished on a timely basis. As of the time it was filed with or furnished to the
SEC: (i)&nbsp;each of the SEC Documents complied as to form in all material respects with the applicable requirements of the Securities
Act or the Exchange Act (as the case may be); and (ii)&nbsp;none of the SEC Documents contained any untrue statement of a material fact
or omitted to state a material fact required to be stated therein or necessary in order to make the statements therein, in the light
of the circumstances under which they were made, not misleading, except to the extent corrected by the filing or furnishing of the applicable
amending or superseding SEC Document. Each of the certifications and statements relating to SEC Documents required by: (1)&nbsp;Rule&nbsp;13a-14
or 15d-14 under the Exchange Act; or (2)&nbsp;18 U.S.C. &sect;1350 (Section&nbsp;906 of the Sarbanes-Oxley Act) (collectively, the &ldquo;<U>Certifications</U>&rdquo;)
is accurate and complete, and complied as to form and content with all applicable laws in effect at the time such Certification was filed
with or furnished to the SEC.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(r)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Environmental
Matters</U>. &#8239;&#8239;Except as set forth on <U>Schedule 6.01(r)</U>, (i)&nbsp;the operations of each Loan Party are in compliance with all Environmental
Laws in all material respects; (ii)&nbsp;there has been no Release at any of the properties owned or operated by any Loan Party or a
predecessor in interest, or, to the knowledge of the Loan Parties, at any disposal or treatment facility which received Hazardous Materials
generated by any Loan Party or any predecessor in interest which in either case would reasonably be expected to have a Material Adverse
Effect; (iii)&nbsp;no Environmental Action has been asserted against any Loan Party nor does any Loan Party have knowledge or notice
of any threatened or pending Environmental Action against any Loan Party or any predecessor in interest which in either case would reasonably
be expected to have a Material Adverse Effect; (iv)&nbsp;to the knowledge of the Loan Parties, no Environmental Actions have been asserted
against any facilities that may have received Hazardous Materials generated by any Loan Party which would reasonably be expected to have
a Material Adverse Effect; (vi)&nbsp;no Loan Party has failed to report to the proper Governmental Authority any Release which is required
to be so reported by any Environmental Laws which would reasonably be expected to have a Material Adverse Effect; (vii)&nbsp;each Loan
Party holds all licenses, permits and approvals required under any Environmental Laws in connection with the operation of the business
carried on by it, except for such licenses, permits and approvals as to which a Loan Party&rsquo;s failure to maintain or comply with
could not reasonably be expected to have a Material Adverse Effect; and (viii)&nbsp;no Loan Party has received any notification from
any Governmental Authority pursuant to any Environmental Laws that (A)&nbsp;any work, repairs, construction or Capital Expenditures are
required to be made in respect as a condition of continued compliance with any Environmental Laws, or any license, permit or approval
issued pursuant thereto or (B)&nbsp;any license, permit or approval referred to above is about to be reviewed, made subject to limitations
or conditions, revoked, withdrawn or terminated, in each case, except as 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 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(s)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Insurance</U>.
&#8239;&#8239;Each Loan Party keeps its property adequately insured and maintains (i)&nbsp;insurance to such extent and against such risks, including
fire, as is customary with companies in the same or similar businesses, (ii)&nbsp;workmen&rsquo;s compensation insurance in the amount
required by applicable law, (iii)&nbsp;public liability insurance in the amount customary with companies in the same or similar business
against claims for personal injury or death on properties owned, occupied or controlled by it, and (iv)&nbsp;such other insurance as
may be required by law. <U>Schedule 6.01(s)</U>&nbsp;sets forth a list of all insurance maintained by each Loan Party on the Effective
Date.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(t)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Use
of Proceeds.&#8239;&#8239;</U> The proceeds of the Initial Term Loan shall be used (i)&nbsp;approximately $33 million to finance the acquisition of
the Equity Interests FrontRow Calypso, LLC, (ii)&nbsp;approximately $11 million to pay in full Indebtedness owed to Sallyport Commercial
Finance LLC, and (iii)&nbsp;to pay fees and expenses in connection with the Transactions contemplated hereby 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 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(u)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Solvency.</U>
&#8239;&#8239;After giving effect to the transactions contemplated by this Agreement and before and after giving effect to each Loan, the Loan Parties
on a consolidated basis are Solvent on the Effective Date and, to the actual knowledge of any Authorized Officer (without duty to investigate
beyond known facts), upon the making of any Term Loan after the Effective Date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(v)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Location
of Bank Accounts.</U> &#8239;<U>Schedule 6.01(v)</U>&nbsp;sets forth a complete and accurate list as of the Effective Date of all deposit,
checking and other bank accounts, all securities and other accounts maintained with any broker dealer and all other similar accounts
maintained by each Loan Party, together with a description thereof (i.e., the bank or broker dealer at which such deposit or other
account is maintained and the account number and the purpose thereof).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(w)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Intellectual
Property.</U>&#8239;&#8239; Except as set forth on <U>Schedule 6.01(w)</U>, each Loan Party owns or licenses or otherwise has the right to use all
Intellectual Property that are necessary for and material to the conduct of its business as currently conducted, including the following:
inventions, patents, patent applications, registered and unregistered trademarks, service marks and trade names, registered and unregistered
copyrights, including software and other works of authorship, trade secrets and other intellectual property rights. Set forth on <U>Schedule
6.01(w)</U>&nbsp;is a list as of the Effective Date of all material issued United States patents, United States patent applications,
registered United States trademarks or service marks, United States trademark or service mark applications, and United States copyright
registrations of each Loan Party and all material exclusive copyright licenses for United States copyright registrations granted to such
Loan Party, in each instance, that constitute Collateral. The operations of the Loan Parties, their Subsidiaries and their respective
businesses have not infringed upon, misappropriated, or otherwise violated in any material respect the Intellectual Property rights of
any other Person. To Borrower&rsquo;s knowledge, except as could not reasonably be expected to result in either liability in an aggregate
amount exceeding $100,000 or in the imposition of a Lien, no patent, patent application, trademark, trademark application, service mark,
trade name, copyright, copyright application,&nbsp;Internet domain name, other Intellectual Property, slogan or other advertising device,
product, process, method, substance, part or component, or other material now employed by any of the Loan Parties, their Subsidiaries
and their respective businesses infringes upon, misappropriates, or otherwise violates any rights owned by any other Person with regard
to any Intellectual Property in any material respect, and no material claim or litigation regarding the foregoing is pending or, to Borrower&rsquo;s
knowledge, threatened.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(x)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Material
Contracts.</U> &#8239;Set forth on <U>Schedule 6.01(x)</U>&nbsp;is a complete and accurate list as of the Effective Date of all Material Contracts
of each Loan Party, showing the parties and subject matter thereof and amendments and modifications thereto. Each such Material Contract
(i)&nbsp;is in full force and effect and is binding upon and enforceable against each Loan Party that is a party thereto and (ii)&nbsp;is
not in default due to the action of any Loan Party or, to the knowledge of any Loan Party, any other party thereto, except to the extent
that any such default could not reasonably be expected to result in a Material Adverse Effect.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(y)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Investment
Company Act.</U>&#8239; &#8239;None of the Loan Parties is required to be registered as an &ldquo;investment company&rdquo; within the meaning of the
Investment Company Act of 1940, 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 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(z)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Employee
and Labor Matters.</U> &#8239;There is (i)&nbsp;no unfair labor practice complaint pending or, to the knowledge of any Loan Party, threatened
(in writing) against any Loan Party before any Governmental Authority and no grievance or arbitration proceeding pending or threatened
(in writing) against any Loan Party that arises out of or under any collective bargaining agreement, in each case that would reasonably
be expected to result in a Material Adverse Effect or (ii)&nbsp;no strike, labor dispute, slowdown, stoppage&nbsp;or similar action or
grievance pending or, to the knowledge of any Loan Party, threatened (in writing) against any Loan Party that would reasonably be expected
to result in a Material Adverse Effect. No Loan Party has incurred any liability or obligation under the Worker Adjustment and Retraining
Notification Act (&ldquo;<U>WARN</U>&rdquo;) or similar state law that remains unpaid or unsatisfied. The hours worked and payments made
to employees of any Loan Party have not been in violation of the Fair Labor Standards Act or any other applicable legal requirements,
except to the extent that such violations could not reasonably be expected to result in a Material Adverse Effect. All material payments
due from any Loan Party on account of wages and employee health and welfare insurance and other benefits have been paid or accrued as
a liability on the books of such Loan Party, except where the 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 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(aa)
&#8239;&#8239;&#8239;</FONT><U>Customers and Suppliers</U>. &#8239;There exists no actual or, to the knowledge of any Loan Party, threatened (in writing)
termination, cancellation or limitation of, or modification to or change in, the business relationship between (i)&nbsp;any Loan Party,
on the one hand, and any customer or any group thereof, on the other hand, or (ii)&nbsp;any Loan Party, on the one hand, and any supplier
or any group thereof, on the other hand, in either case with respect to clauses (i)&nbsp;and (ii), which would reasonably be expected
to have, either 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 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(bb)&#8239;&#8239;
</FONT><U>Name; Jurisdiction of Organization; Organizational ID Number; Chief Place of Business; Chief Executive Office; FEIN</U>. &#8239;<U>Schedule
6.01(bb)</U> sets forth a complete and accurate list as of the Effective Date of (i)&nbsp;the exact legal name of each Loan Party, (ii)&nbsp;the
jurisdiction of organization of each Loan Party, (iii)&nbsp;the organizational identification number of each Loan Party (or indicates
that such Loan Party has no organizational identification number), (iv)&nbsp;each material place of business of each Loan Party, (v)&nbsp;the
chief executive office of each Loan Party and (vi)&nbsp;the federal employer identification number of each Loan Party.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(cc)
&#8239;&#8239;&#8239;&#8239;</FONT><U>Locations of Collateral</U>. &#8239;&#8239;There is no location at which any Loan Party has any Collateral (except for Inventory
in transit, assets at any location having a value not exceeding $250,000 in the aggregate, equipment out for repair or in use by employees
in the ordinary course of business consistent with past practice and Collateral in the possession of the Collateral Agent) other than
(i)&nbsp;those locations listed on <U>Schedule 6.01(cc)</U> and (ii)&nbsp;any other locations in the United States for which such Loan
Party has provided notice to the Agents in accordance with <U>Section&nbsp;7.01(l)</U>&nbsp;and, if necessary, use commercially reasonable
efforts to obtain a written subordination or waiver or collateral access agreement in accordance with and to the extent required by <U>Section&nbsp;7.01(m)</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 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(dd)&#8239;&#8239;
</FONT><U>Security Interests</U>. &#8239;&#8239;Each Security Document creates in favor of the Collateral Agent, for the benefit of the Agents and
the Lenders, a legal, valid and enforceable (subject to bankruptcy and creditors&rsquo; rights generally) security interest in the Collateral
secured thereby. Upon the filing of the UCC-1 financing statements described in <U>Section&nbsp;5.01(d)</U>&nbsp;and the recording of
the Collateral Assignments for Security referred to in each Security Agreement in the United States Patent and Trademark Office and the
United States Copyright Office, as applicable, such security interests in and Liens on the Collateral granted thereby which may be perfected
by such filing shall be perfected (subject to Permitted Liens), to the extent that such security interest can be perfected by such filings
and recordings, and no further recordings or filings are or will be required in connection with the creation, perfection or enforcement
of such security interests and Liens, other than (i)&nbsp;the filing of continuation statements in accordance with applicable law and
(ii)&nbsp;the recording of the Collateral Assignments for Security pursuant to each Security Agreement in the United States Patent and
Trademark Office and the United States Copyright Office, as applicable, with respect to after-acquired U.S. patent and trademark applications
and registrations and U.S. copyright registrations and after-granted exclusive copyright licenses to U.S. copyright registrations.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in"><FONT STYLE="color: #010000">(ee)&#8239;&#8239;&#8239; </FONT><U>Anti-Money
Laundering and Anti-Terrorism Laws</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; text-align: justify; margin: 0pt 0 0pt 0.25in; text-indent: 1.75in"><FONT STYLE="color: #010000">(i)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>The
Loan Parties and Subsidiaries, and to the best knowledge of any Loan Party, any controlled Affiliates of any of the Loan Parties, are
and for the past six years have been in compliance in all material respects with Anti-Money Laundering and Anti-Terrorism 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; text-align: justify; margin: 0pt 0 0pt 0.25in; text-indent: 1.75in"><FONT STYLE="color: #010000">(ii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>None
of the Loan Parties, nor any Subsidiary, nor, to the best knowledge of any Loan Party, any controlled Affiliate of any of the Loan Parties,
nor any officer or director of any of the Loan Parties, nor any of the Loan Parties&rsquo; respective agents acting or benefiting in
any capacity in connection with the Term Loans or other transactions hereunder, is a Sanctioned Person.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in"><FONT STYLE="color: #010000">(ff) &#8239;&#8239;&#8239;&#8239;</FONT><U>Anti-Bribery
and Anti-Corruption Laws</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 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(i)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>The
Loan Parties and Subsidiaries, and any controlled Affiliates of any of the Loan Parties, are and for the past five years have been in
compliance in all material respects with the U.S. Foreign Corrupt Practices Act of 1977, as amended (the &ldquo;<U>FCPA</U>&rdquo;),
and the anti-bribery and anti-corruption laws of those jurisdictions in which they do business (collectively, the &ldquo;Anti-Corruption
Laws&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; text-align: justify; margin: 0pt 0 0pt 0.25in; text-indent: 1.75in"><FONT STYLE="color: #010000">(ii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>To
the best knowledge of any Loan Party, except to the extent otherwise disclosed in writing to the Lenders prior to the Effective Date,
there are, and in the past five years have been, no allegations, pending or open investigations or pending inquiries, in each case of
a Governmental Authority with regard to a potential violation of any Anti-Corruption Law by any of the Loan Parties and Subsidiaries
and controlled Affiliates, or any of their respective current or former directors, officers, employees, principal shareholders or owners,
or agents.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(gg)&#8239;&#8239;
</FONT>Residency for Dutch Tax Purposes. Each Dutch Loan Party is resident for Tax purposes in the Netherlands only, and does not have
a permanent establishment or other taxable presence outside the Netherlands.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(hh)&#8239;&#8239;
</FONT>Fiscal Unity for Dutch Tax Purposes. Any fiscal unity (<I>fiscale eenheid</I>) for Dutch tax purposes in which a Loan Party is
included, consists of Loan Parties only.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(ii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Centre
of main interests</U>.&#8239;&#8239; For the purposes of the Insolvency Regulation, each Guarantor has its centre of main interest (as that term is
used in Article&nbsp;3(1)&nbsp;of the Insolvency Regulation) in its jurisdiction of incorporation 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 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(jj)&#8239;&#8239;&#8239;&#8239;
</FONT><U>Borrowing Base Calculation</U>.&#8239; The calculation by the Borrower of each Borrowing Base in any Borrowing Base Certificate delivered
hereunder is complete and accurate.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(kk)
&#8239;&#8239;</FONT><U>Excluded Subsidiaries</U>.&#8239; Each of the following is an Excluded Subsidiary under clause (b)&nbsp;of the definition
thereof on the Effective Date Sahara Nordic OY, a Finland company, Sahara Nordic AB, a Sweden company, Sahara Presentation Systems GmbH,
a German company, Sedao Limited, an English company, Boxlight Latinoamerica, SA DE CV, a Mexican company, and Boxlight Latinoamerica,
SA Servicios SA DE CV, a Mexican company. No Excluded Subsidiary has any liabilities under any Benefit Plan or any Plan or under any
similar plan under any Requirement of Law (whether within or outside of the United States). Sedao Limited, an English company is to be
dissolved not later than 60-days after the Effective Date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(ll)&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Common Stock Subscription Covenant</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: 1.35in">(i)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Borrower represents and warrants that it has authorized the issuance to WhiteHawk Finance LLC (the &ldquo;<U>Investor</U>&rdquo;) an
aggregate of 528,169 shares of the Borrower&rsquo;s common stock, $0.0001 par value (the &ldquo;<U>Shares</U>&rdquo;), in connection
with the transactions contemplated in 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: 1.35in">(ii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Borrower represents and warrants that the offering and sale of the Shares to the Investor (the &ldquo;<U>Offering</U>&rdquo;) are being
made pursuant to (A)&nbsp;an effective Registration Statement on Form&nbsp;S-3 (Registration No.&nbsp;333-239939) filed by the Borrower
with the SEC, including the Prospectus contained therein (the &ldquo;<U>Base Prospectus</U>&rdquo;), (B)&nbsp;if applicable, certain
&ldquo;free writing prospectuses&rdquo; (as that term is defined in Rule&nbsp;405 under the Securities Act) that have been or will be
filed with the SEC and delivered to the Investor on or prior to the Effective Date containing certain supplemental information regarding
the Shares and the terms of the Offering, and (C)&nbsp;a Prospectus Supplement (the &ldquo;<U>Prospectus Supplement</U>&rdquo; and, together
with the Base Prospectus, the &ldquo;<U>Prospectus</U>&rdquo;) containing certain supplemental information regarding the Borrower, the
Shares and terms of the Offering that have been or will be (x)&nbsp;filed with the SEC, and (y)&nbsp;delivered to the Investor (or made
available to the Investor by the filing by the Borrower of an electronic version thereof with the SEC).</P>

<P STYLE="font: 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: 1.35in">(iii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT>The
Borrower agrees that it will issue and deliver the Shares to the Investor within three (3)&nbsp;Business Days following the Effective
Date. At the request of the Borrower, the settlement of the Shares to be issued and delivered to the Investor will be effected through
the Deposit/Withdrawal At Custodian system of the Depository Trust Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1.35in">(iv)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT>Notwithstanding
any investigation made by any party to this Agreement, all covenants, agreements, representations and warranties made by the Borrower
pursuant to this <U>Section&nbsp;6.01(ll)</U> will survive the execution of this Agreement and the delivery to the Investor of the Shares.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="color: #010000"><B>ARTICLE&nbsp;VII
</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>COVENANTS OF THE LOAN
PARTIES</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 0in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">Section&nbsp;7.01
&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Affirmative Covenants</U>. &#8239;&#8239;So long as any principal of or interest on any Term Loan or any other Obligation (whether or not
due, but excluding unasserted contingent indemnification Obligations) shall remain unpaid or any Lender shall have any Commitment hereunder,
each Loan Party will, unless the Required Lenders shall otherwise consent in writing:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in; text-align: justify"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Reporting
Requirements</U>. &#8239;&#8239;Furnish to each Agent, who shall then furnish such information to 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 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(i)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>as
soon as available and in any event within 45 days after the end of each fiscal quarter of the Borrower and its Subsidiaries commencing
with the first fiscal quarter of the Borrower and its Subsidiaries ending after the Effective Date, consolidated and consolidating balance
sheets, statements of operations and retained earnings and statements of cash flows of the Borrower and its Subsidiaries as at the end
of such quarter, and for the period commencing at the end of the immediately preceding Fiscal Year and ending with the end of such quarter,
setting forth in each case in comparative form the figures for the corresponding date or period set forth in (A)&nbsp;the financial statements
for the immediately preceding Fiscal Year, (B)&nbsp;the Projections and (C)&nbsp;a calculation of trailing twelve month Consolidated
Adjusted EBITDA, all in reasonable detail and certified by an Authorized Officer of the Borrower as fairly presenting, in all material
respects, the financial position of the Borrower and its Subsidiaries as of the end of such quarter and the results of operations and
cash flows of the Borrower and its Subsidiaries for such quarter and for such year-to-date period, in accordance with GAAP applied in
a manner consistent with that of the most recent audited financial statements of the Borrower and its Subsidiaries furnished to the Agents
and the Lenders, subject to the absence of footnotes and normal year-end adjustments;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(ii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>as
soon as available, and in any event within 120 days after the end of each Fiscal Year of the Borrower and its Subsidiaries, consolidated
and consolidating balance sheets, statements of operations and retained earnings and statements of cash flows of the Borrower and its
Subsidiaries as at the end of such Fiscal Year, setting forth in each case in comparative form the figures for the corresponding date
or period set forth in (A)&nbsp;the financial statements for the immediately preceding Fiscal Year and (B)&nbsp;the Projections, all
in reasonable detail and prepared in accordance with GAAP, and accompanied by a report and an opinion, prepared in accordance with generally
accepted auditing standards, of independent certified public accountants of recognized standing selected by the Borrower and reasonably
satisfactory to the Agents (which report and opinion shall not include (1)&nbsp;any qualification, exception or explanatory paragraph
expressing substantial doubt about the ability of the Borrower or any of its Subsidiaries to continue as a going concern (except with
respect to the impending maturity of Indebtedness prior to the expiry of the four full fiscal quarter period following the date of the
relevant audit report) or any qualification or exception as to the scope of such audit or (2)&nbsp;any qualification which relates to
the treatment or classification of any item and which, as a condition to the removal of such qualification, would require an adjustment
to such item, the effect of which would be to cause any noncompliance with the provisions of <U>Section&nbsp;7.03),</U> together with
a written statement of such accountants (x)&nbsp;to the effect that, in making the examination necessary for their certification of such
financial statements, they have not obtained any knowledge of the existence of an Event of Default or a Default under <U>Section&nbsp;7.03</U>
and (y)&nbsp;if such accountants shall have obtained any knowledge of the existence of an Event of Default or such Default, describing
the nature thereof;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(iii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT></FONT>as
soon as available, and in any event within 30 days after the end of each fiscal month of the Borrower and its Subsidiaries commencing
with the first fiscal month of the Borrower and its Subsidiaries ending after the Effective Date, internally prepared consolidated and
consolidating balance sheets, statements of operations and retained earnings and statements of cash flows as at the end of such fiscal
month, and for the period commencing at the end of the immediately preceding Fiscal Year and ending with the end of such fiscal month,
setting forth in each case in comparative form the figures for the corresponding date or period set forth in (A)&nbsp;the financial statements
for the immediately preceding Fiscal Year, (B)&nbsp;the Projections and (C)&nbsp;a calculation of trailing twelve month Consolidated
Adjusted EBITDA, all in reasonable detail and certified by an Authorized Officer of the Borrower as fairly presenting, in all material
respects, the financial position of the Borrower and its Subsidiaries as at the end of such fiscal month and the results of operations,
retained earnings and cash flows of the Borrower and its Subsidiaries for such fiscal month and for such year-to-date period, in accordance
with GAAP applied in a manner consistent with that of the most recent audited financial statements furnished to the Agents and the Lenders,
subject to the absence of footnotes and normal year-end adjustments;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(iv)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT></FONT>simultaneously
with the delivery of the financial statements of the Borrower and its Subsidiaries required by clauses (i)<FONT STYLE="color: red"><STRIKE>&nbsp;and</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">,</FONT>
(ii<FONT STYLE="text-decoration: underline double; color: blue">)&nbsp;and (iii</FONT>)&nbsp;of this <U>Section&nbsp;7.01(a)</U>, a
certificate of an Authorized Officer of the Borrower (a &ldquo;<U>Compliance Certificate</U>&rdquo;) in substantially the form
attached hereto as <U>Exhibit&nbsp;E</U>, (A)&nbsp;stating that such Authorized Officer has reviewed the provisions of this
Agreement and the other Loan Documents and has made or caused to be made under his or her supervision a review of the condition and
operations of the Borrower and its Subsidiaries during the period covered by such financial statements with a view to determining
whether the Borrower and its Subsidiaries were in compliance with all of the provisions of this Agreement and such Loan Documents at
the times such compliance is required hereby and thereby, and that such review has not disclosed, and such Authorized Officer has no
knowledge of, the occurrence and continuance during such period of an Event of Default or Default or, if an Event of Default or
Default had occurred and continued or is continuing, describing the nature and period of existence thereof and the action which the
Borrower and/or its Subsidiaries propose to take or have taken with respect thereto; and (B)&nbsp;attaching a schedule showing the
calculation of the financial covenants specified in <U>Section 7.03</U> for the applicable 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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(v)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>as
soon as available and in any event not later than 30 days after the end of each Fiscal Year (except that for Fiscal Year ended December&nbsp;31,
2021, not later than 90 days after the end of such Fiscal Year), a certificate of an Authorized Officer of the Borrower (A)&nbsp;attaching
a projected annual budget for the Borrower and its Subsidiaries which includes projected monthly balance sheets, profit and loss statements,
income statements and statements of cash flows of the Borrower and its Subsidiaries for the immediately succeeding Fiscal Year for the
Borrower and its Subsidiaries (the most recently-delivered such projections being referred to herein as the &ldquo;<U>Projections</U>&rdquo;),
supplementing and superseding the Projections previously required to be delivered pursuant to this Agreement, in form reasonably satisfactory
to the Required Lenders, and (B)&nbsp;certifying that the representations and warranties set forth in this <U>Section&nbsp;7.01(a)(v)</U>&nbsp;are
true and correct with respect to the Projections; <I>provided</I>, that the parties hereto agree that all Projections delivered and any
other financial information marked as confidential so delivered shall be treated as material non-public information and shall be subject
to the confidentiality terms set forth in <U>Section&nbsp; 12.20</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 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(vi)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT></FONT>promptly
after submission to any Governmental Authority, notice of such submission, and, upon request of any Agent, all material documents and
material information furnished to such Governmental Authority, in each case in connection with any investigation of any Loan Party which,
to the knowledge of such Loan Party, would reasonably be expected to result in a Material Adverse Effect;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(vii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;</FONT></FONT>as
soon as reasonably practicable, and in any event within five (5)&nbsp;Business Days after an Authorized Officer of any Loan Party obtains
knowledge of the occurrence of an Event of Default or Default or the occurrence of any event or development that could reasonably be
expected to have, either individually or in the aggregate, a Material Adverse Effect, the written statement of an Authorized Officer
of the Borrower setting forth the details of such Event of Default or Default or other event or development having a Material Adverse
Effect and the action which the affected Loan Party proposes to take 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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(viii)</FONT>
as soon as reasonably practicable and in any event within ten (10)&nbsp;days after any Loan Party or any ERISA Affiliate thereof knows
or has reason to know that (1)&nbsp;any Reportable Event with respect to any Employee Plan has occurred, (2)&nbsp;any other Termination
Event with respect to any Employee Plan or Multiemployer Plan has occurred or (3)&nbsp;an Employee Plan failing to satisfy the &ldquo;minimum
funding standard&rdquo; within the meaning of Section&nbsp;412 of the Code or Section&nbsp;302 of ERISA, or an application has been made
to the Secretary of the Treasury for a waiver or modification of the minimum funding standard (including any required installment payments)
or an extension of any amortization period under Section&nbsp;412 of the Internal Revenue Code or Section&nbsp;302 or 303 of ERISA with
respect to an Employee Plan, a statement of an Authorized Officer of the Borrower setting forth the details of such occurrence and the
action, if any, that such Loan Party proposes to take with respect thereto, (B)&nbsp;promptly and in any event within three (3)&nbsp;days
after receipt thereof by any Loan Party or any ERISA Affiliate thereof from the PBGC, copies of each notice received by any Loan Party
or any ERISA Affiliate thereof of the PBGC&rsquo;s intention to terminate any Employee Plan or to have a trustee appointed to administer
any Employee Plan, (C)&nbsp;promptly and in any event within ten (10)&nbsp;days after the filing thereof with the Internal Revenue Service
if requested by any Agent, copies of each Schedule B (Actuarial Information) to the annual report (Form&nbsp;5500 Series) with respect
to each Employee Plan, (D)&nbsp;promptly and in any event within ten (10)&nbsp;days after any Loan Party or any ERISA Affiliate thereof
knows or has reason to know that a required installment within the meaning of Section&nbsp;412 of the Internal Revenue Code has not been
made when due with respect to an Employee Plan and (E)&nbsp;promptly and in any event within three (3)&nbsp;days after receipt thereof
by any Loan Party or any ERISA Affiliate thereof from a sponsor of a Multiemployer Plan or from the PBGC, a copy of each notice received
by any Loan Party or any ERISA Affiliate thereof concerning the imposition or amount of withdrawal liability under Section&nbsp;4202
of ERISA or indicating that such Multiemployer Plan is in &ldquo;endangered&rdquo; or &ldquo;critical&rdquo; status under Section&nbsp;305
of ERISA or has been declared &ldquo;insolvent&rdquo; within the meaning of Section&nbsp;4245 of ERISA, in each case of (A), (B), (D)&nbsp;and
(E)&nbsp;above, except as could not reasonably be expected to result in material liability for any Loan Party;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(ix)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT></FONT>promptly
after the commencement thereof but in any event not later than ten (10)&nbsp;Business Days after service of process with respect thereto
on, or the obtaining of knowledge thereof by, any Loan Party, notice of the commencement of each action, suit or proceeding before any
court or other Governmental Authority or other regulatory body or any arbitrator which would 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 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(x)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>promptly,
and in any event within five (5)&nbsp;Business Days after any Authorized Officer of the Borrower or its Subsidiaries obtains knowledge
thereof, notice of (a)&nbsp;the early termination of any Material Contract or any material portion thereof, (b)&nbsp;receipt by the Borrower
or any of its Subsidiaries of a written notice of default under any Material Contract, (c)&nbsp;any material amendment, supplement or
other modification to any Material Contract (together with a copy thereof), and (d)&nbsp;any notice or other material correspondence
relating to a dispute or audit threatened or initiated under any Material Contract, in each case under this subclause (d), that would
reasonably be expected to have a Material Adverse Effect, and such information as the Administrative Agent may reasonably request regarding
such dispute or audit and the resolution thereof;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(xi)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT></FONT>as
soon as reasonably practicable and in any event within five (5)&nbsp;Business Days after execution, receipt or delivery thereof, copies
of any material notices that any Loan Party executes or receives in connection with the sale or other Disposition of the Equity Interests
of, or all or substantially all of the assets of, any Loan Party (other than with respect to a Disposition to another Loan Party);</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(xii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;</FONT></FONT>promptly
upon receipt thereof, copies of all financial reports (including, without limitation, final management letters), if any, submitted to
any Loan Party by its auditors in connection with any final annual audit of the books thereof;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(xiii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;</FONT></FONT>promptly
upon reasonable request, such other information (other than information subject to confidentiality obligations with a third party or
attorney client privilege or the sharing of which information is prohibited by applicable law, in which case, to the extent reasonably
practical to provide the same, redacted summaries of such information shall be provided) concerning the condition or operations, financial
or otherwise (including a listing of Accounts Receivable and accounts payable that reflects the amount and aging thereof), of any Loan
Party as any Agent (or any Lender through the Administrative Agent) may from time to time may reasonably request;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(xiv)<FONT STYLE="font-size: 10pt">&#8239;&#8239;</FONT></FONT>the
Borrower hereby acknowledges that (a)&nbsp;the Administrative Agent will make available to the Lenders materials and/or information provided
by or on behalf of the Borrower hereunder (collectively, &ldquo;<U>Borrower Materials</U>&rdquo;) by posting the Borrower Materials on
the Platform and (b)&nbsp;certain of the Lenders (each, a &ldquo;<U>Public Lender</U>&rdquo;) may have personnel who do not wish to receive
material non-public information with respect to the Borrower or its Affiliates, or the respective securities of any of the foregoing,
and who may be engaged in investment and other market-related activities with respect to such Persons&rsquo; securities. The Borrower
hereby agrees that it will use commercially reasonable efforts to identify that portion of the Borrower Materials that may be distributed
to the Public Lenders and that (x)&nbsp;all such Borrower Materials shall be clearly and conspicuously marked &ldquo;PUBLIC&rdquo; which,
at a minimum, shall mean that the word &ldquo;PUBLIC&rdquo; shall appear prominently on the first page&nbsp;thereof; (y)&nbsp;by marking
Borrower Materials &ldquo;PUBLIC,&rdquo; the Borrower shall be deemed to have authorized the Administrative Agents and the Lenders to
treat such Borrower Materials as not containing any material non-public information (although it may be sensitive and proprietary) with
respect to the Borrower or its Affiliates or any of their respective securities for purposes of United States Federal and state securities
laws (provided, however, all Borrower Materials marked &ldquo;PUBLIC&rdquo; are permitted to be made available through a portion of the
Platform designated &ldquo;Public Side Information&rdquo;); and (z)&nbsp;the Administrative Agent shall be entitled to treat any Borrower
Materials that are not marked &ldquo;PUBLIC&rdquo; as being suitable only for posting on a portion of the Platform not designated &ldquo;Public
Side Information.&rdquo; For the avoidance of doubt, each Lender, and their respective personnel, may, in their sole discretion, elect
to view only the Borrower Materials marked as &ldquo;PUBLIC&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 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(xv)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;</FONT></FONT>the
Borrower will, within 10 Business Days (or, if after using commercially reasonable efforts to schedule such call, at such later date
as agreed to by the Required Lenders) after the date of the delivery of the financial statements pursuant to Section&nbsp;7.01(a)(i)&nbsp;above,
hold a conference call or teleconference, at a time selected by the Borrower and reasonably acceptable to the Required Lenders, to review
the financial results of the previous fiscal quarter of the Borrower;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(xvi)<FONT STYLE="font-size: 10pt">&#8239;&#8239;</FONT></FONT>notwithstanding
the foregoing or anything else contained herein or in the other Loan Documents, to the extent any materials and/or documents required
to be delivered pursuant to <U>Sections 7.01(a)(i)</U>&nbsp;or <U>(ii)</U>&nbsp;are included in materials and/or documents otherwise
publicly filed with the SEC, there shall be no further delivery requirement under <U>Sections 7.01(a)(i)</U>&nbsp;or <U>(ii)</U>&nbsp;and
any such materials and/or documents shall be deemed to be delivered on the earliest of (i)&nbsp;the date on which the Borrower posts
such materials and/or documents and provides a link thereto on Borrower&rsquo;s website on the Internet or (ii)&nbsp;on which date such
materials and/or documents are posted on the Borrower&rsquo;s behalf on www.sec.gov, or on any other Internet or internet 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), and, in each case, the Administrative Agent has been provided written notification of such posting; and</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(xvii)&#8239;&#8239;<FONT STYLE="font-size: 10pt">&#8239;</FONT></FONT>the
Loan Parties shall (x)&nbsp;on or prior to June&nbsp;24, 2022 and until January&nbsp;31, 2025, deliver to the Administrative Agent (who
shall promptly furnish to the Lenders) a thirteen-week operating budget (the &ldquo;<U>Budget</U>&rdquo;) reflecting the Loan Parties&rsquo;
good faith projection of all weekly cash receipts and disbursements in connection with the operation of the business of the Loan Parties
during such thirteen-week period, and (y)&nbsp;provide weekly updates of the Budget, not later than Friday of each week, by deleting
the first week included in the previous Budget and adding the week immediately succeeding the last week included in the previous Budget,
together with a report, in a form reasonably acceptable to the Administrative Agent, comparing actual cash receipts and disbursements
for the immediately preceding week in the Budget compared to projected cash receipts and disbursements for such week as set forth in
the Budget.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(xviii)</FONT>
the Loan Parties shall (A)&nbsp;prior to March&nbsp;21, 2025, deliver to the Administrative Agent (who shall promptly furnish to the
Lenders) for approval by the Required Lenders a thirteen-week operating Budget (such budget prior to Required Lender approval, the &ldquo;<U>Unapproved
Budget</U>&rdquo;) reflecting the Borrower&rsquo;s good faith projection of all weekly cash receipts and disbursements commencing March&nbsp;24,
2025 (which would include, without limitation, a projected detailed profit and loss projection, SG&amp;A, operating expenditures, Capital
Expenditures and operation and maintenance expenditures), in each case, in form and substance satisfactory (including with respect to
information and line items thereof) to the Required Lenders in connection with the operation of the business of the Loan Parties and
their Subsidiaries during such thirteen-week period (the &ldquo;<U>Approved Budget</U>&rdquo;), (B)&nbsp;provide updates of the Approved
Budget every fourth week in form and substance satisfactory (including with respect to information and line items thereof) to the Required
Lenders and for approval by the Required Lenders, not later than the fourth Friday following each last Approved Budget, by deleting the
first four weeks included in the previously Approved Budget and adding the four weeks immediately succeeding the last week included in
the previously Approved Budget, together with a report, in a form and substance reasonably acceptable to the Required Lenders, comparing
actual cash receipts and disbursements for the immediately preceding four weeks in the Approved Budget compared to projected cash receipts
and disbursements for such four weeks as set forth in the Approved Budget and disclosing the issues giving rise or otherwise related
to any material variances (as determined by the Administrative Agent in its reasonable discretion) reflected therein (provided that variance
per line item on a four week basis shall not exceed 10% (or higher percentage as may be agreed in writing (which agreement may be provided
via email) by the Administrative Agent in its reasonable discretion) (except that cash receipts from revenue can be greater than projected)
(and cumulative variance on a four week basis shall not exceed 15% (or higher percentage as may be agreed in writing (which agreement
may be provided via email) by the Administrative Agent in its reasonable discretion) (except that cash receipts, in each case, from revenue
can be greater than projected)), (C)&nbsp;on the Friday of each week, commencing April&nbsp;4, 2025, provide a report, in a form and
substance reasonably acceptable to the Required Lenders, comparing actual cash receipts and disbursements for the immediately preceding
week in the Approved Budget compared to projected cash receipts and disbursements for such week as set forth in the Approved Budget and
disclosing the issues giving rise or otherwise related to any material variances (as determined by the Administrative Agent in its reasonable
discretion) reflected therein (provided that variance per line item on a weekly basis shall not exceed 10% (or higher percentage as may
be agreed in writing (which agreement may be provided via email) by the Administrative Agent in its reasonable discretion) (except that
cash receipts, in each case, from revenue can be greater than projected)) and (D)&nbsp;commencing April&nbsp;11, 2025 and on each bi-weekly
period thereafter, provide a report, in a form and substance reasonably acceptable to the Required Lenders, comparing actual cash receipts
and disbursements for the immediately preceding two-week period in the Approved Budget compared to projected cash receipts and disbursements
for such two-week period as set forth in the Approved Budget and disclosing the issues giving rise or otherwise related to any material
variances (as determined by the Administrative Agent in its reasonable discretion) reflected therein (and cumulative variance on a two-week
basis shall not exceed 15% (or higher percentage as may be agreed in writing (which agreement may be provided via email) by the Administrative
Agent in its reasonable discretion) (except that cash receipts, in each case, from revenue can be greater than projected)). In each case,
until the Required Lenders approve such updates to the previously delivered Approved Budget, it would be deemed to be an Unapproved Budget.
For the avoidance of doubt, it is understood and agreed that any variance or variances in excess of the thresholds set forth above shall
be an Event of Default 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>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.75in"><FONT STYLE="color: #010000">(b)&#8239;&#8239;</FONT> <U>Additional Guaranties
and Collateral Security</U>. Cause:</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.25in"><FONT STYLE="color: #010000">(i)&#8239;&#8239;&#8239;&#8239;</FONT>each
Subsidiary (other than an Excluded Subsidiary; <I>provided </I>that the Administrative Agent shall have the right to require each such
Excluded Subsidiary to become a Loan Party at any time on fifteen (15) days&rsquo; notice) of any Loan Party (x)&nbsp;not in existence
on the Effective Date or which otherwise becomes a Subsidiary (other than an Excluded Subsidiary) of any Loan Party after the Effective
Date, or (y)&nbsp;which is an Excluded Subsidiary and then ceases to be an Excluded Subsidiary at any time after the Effective Date (each,
a &ldquo;<U>New Subsidiary</U>&rdquo;), to execute and deliver to the Administrative Agent promptly and in any event within thirty (30)
days after the formation, acquisition or change in status thereof (except with respect to clause (C)&nbsp;below, which the Loan Parties
shall have sixty (60) days to comply with, provided that the Loan Parties shall deliver the items required by clause (C)&nbsp;below in
accordance with <U>Section&nbsp;7.01(o)</U>);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0; text-indent: 1.75in"><FONT STYLE="color: #010000">(A)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>a
Joinder Agreement, pursuant to which such Subsidiary shall be made a party to this Agreement as a Borrower or a Guarantor;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(B)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>a
supplement to the Security Agreement, together with (1)&nbsp;certificates (if any) evidencing all of the Equity Interests of all
Subsidiaries owned by such New Subsidiary, (2)&nbsp;undated stock powers executed in blank and (3)&nbsp;such opinions of counsel and
such approving certificate of such Subsidiaries as the Administrative Agent or the Required Lenders may reasonably request in
respect of complying with any legend on any such certificate or any other matter relating to such shares;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(C)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>if
such New Subsidiary has any Material Real Estate Asset, one or more Mortgages creating on such real property a perfected, first priority
Lien on such real property, a Title Insurance Policy covering such real property, a current ALTA survey thereof and a surveyor&rsquo;s
certificate, each in form and substance reasonably satisfactory to the Required Lenders, together with such other agreements, instruments
and documents as the Collateral Agent or the Required Lenders may require under <U>Section&nbsp;7.01(o)</U>;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(D)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>such
other agreements, instruments, approvals or other documents reasonably requested by the Collateral Agent or the <FONT STYLE="color: #010101">Required
Lenders </FONT>in order to create, perfect, establish the first priority of or otherwise protect any Lien purported to be covered by any
such Security Agreement or Mortgage or otherwise to effect the intent that such Subsidiary shall become bound by all of the terms, covenants
and agreements contained in the Loan Documents and that all Property (other than Excluded Assets (as defined in the Security Agreement))
of such New Subsidiary shall become Collateral for the Obligations;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">(ii)&#8239;&#8239;&#8239;</FONT>each
Loan Party that is an owner of the Equity Interests of any such New Subsidiary to execute and deliver promptly (and in any event within
fifteen (15) Business Days after the formation or acquisition or change in status of such New Subsidiary) a Pledge Amendment (as defined
in the Security Agreement), together with (A)&nbsp;certificates (if any) evidencing all of the Equity Interests of such Subsidiary, (B)&nbsp;undated
stock powers or other appropriate instruments of assignment executed in blank, (C)&nbsp;such opinions of counsel and such approving certificate
of such New Subsidiary as the Collateral Agent or the <FONT STYLE="color: #010101">Required Lenders </FONT>may reasonably request in respect
of complying with any legend on any such certificate or any other matter relating to such shares and (D)&nbsp;such other agreements, instruments,
approvals, legal opinions, or other documents reasonably requested by the Collateral Agent; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">(iii)&#8239;&#8239;&#8239;</FONT>Notwithstanding
anything to the contrary in the Loan Documents, in no event shall any Excluded Subsidiary be required to become a Borrower or Guarantor
for so long as it remains an Excluded Subsidiary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">&nbsp;</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="color: #010000">(c)&#8239;&#8239;&#8239;</FONT><U>Compliance
with Laws, Etc.</U> Comply, and cause each of its Subsidiaries to comply with all applicable Requirements of Law (including, without
limitation, all Environmental Laws), judgments and awards (including any settlement of any claim that, if breached, could give rise
to any of the foregoing), except to the extent the failure to so comply could not reasonably be expected to have, either
individually or in the aggregate, a Material Adverse Effect, such compliance to include, without limitation, (i)&nbsp;timely and
materially correctly filing all material tax returns required to be filed by it and paying before the same become delinquent all
material taxes, assessments and governmental charges or levies imposed upon it or upon its income or profits or upon any of its
properties, other than any such taxes, assessments and governmental charges which are less than $250,000 or which are being
contested in good faith by proper proceedings which stay the imposition of any penalty, fine or enforcement of any Lien resulting
from the non-payment thereof and with respect to which adequate reserves have been set aside for the payment thereof in accordance
with GAAP and (ii)&nbsp;paying all material lawful claims which if unpaid might become a Lien or charge upon any of its properties,
except to the extent contested in good faith by proper proceedings which stay the imposition of any penalty, fine or Lien resulting
from the non-payment thereof and with respect to which adequate reserves have been set aside for the payment thereof in accordance
with GAAP.</P>

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

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

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<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.75in"><FONT STYLE="color: #010000">(d)&#8239;&#8239;&#8239;</FONT><U>Preservation
of Existence, Etc</U>. Except as otherwise expressly permitted by this Agreement, do or cause to be done all things reasonably necessary
to maintain and preserve, and cause each of its Subsidiaries to maintain and preserve, its existence, rights and privileges, and become
or remain, and cause each of its Subsidiaries to become or remain, duly qualified and in good standing in each jurisdiction in which the
character of the properties owned or leased by it or in which the transaction of its business makes such qualification necessary, except
where the failure to do so could not reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.75in"><FONT STYLE="color: #010000">(e)&#8239;&#8239;&#8239;&#8239;</FONT><U>Keeping
of Records and Books of Account</U>. Keep, and cause each of its Subsidiaries to keep, adequate records and books of account, with complete
entries made to permit the preparation of financial statements in accordance with GAAP.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.75in"><FONT STYLE="color: #010000">(f)&#8239;&#8239;&#8239;&#8239;</FONT><U>Inspection
Rights</U>. Permit, and cause each of its Subsidiaries to permit, the agents and representatives of any Agent (which representative
may be accompanied by one representative of the Lenders (taken as a whole), which representative shall be selected by the Required
Lenders) at reasonable times and during normal business hours, and, so long as no Default or Event of Default has occurred and is
continuing, upon reasonable prior notice (provided that five (5)&nbsp;days prior notice shall be deemed to be reasonable) at the
expense of the Borrower, to examine and make copies of and abstracts from its records and books of account, to visit and inspect its
properties, to verify materials, leases, notes, accounts receivable, deposit accounts and its other assets, to conduct audits,
physical counts, valuations, appraisals, Phase I Environmental Site Assessments or examinations and to discuss its affairs, finances
and accounts with any of its directors, officers, managerial employees, independent accountants or any of its other representatives; <I>provided</I>,
that so long as no Event of Default shall have occurred and be continuing, (x)&nbsp;the Loan Parties shall not be obligated to pay
the fees, costs and expenses for more than one (1)&nbsp;such inspection of the Loan Parties conducted during each consecutive twelve
(12) month period during the term of this Agreement unless the regulatory authorities to which any Lender reports requires more
frequent inspections (not to exceed one (1)&nbsp;inspection each quarter) based upon the regulatory credit rating applicable to
Borrower and (y)&nbsp;the Borrower shall be given a reasonable opportunity to have a representative present at any such inspection
(and if the Borrower so elects to have a representative present at such inspection, then such inspection shall be held at a time
that is reasonably acceptable to both the Borrower and the Agents). The Borrower agrees to pay (i)&nbsp;each examiner&rsquo;s fees
and reasonable and documented out-of-pocket costs and expenses incurred in connection with all such visits, audits, inspections,
appraisals, valuations and field examinations and (ii)&nbsp;the reasonable and documented out-of-pocket cost of all visits, audits,
inspections, appraisals, valuations and field examinations conducted by a third party on behalf of the Agents. In furtherance of the
foregoing, each Loan Party hereby authorizes its independent accountants, and the independent accountants of each of its
Subsidiaries, to discuss the affairs, finances and accounts of such Person with the agents and representatives of any Agent in
accordance with this Section&nbsp;7.01(f).</P>

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

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

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.75in"><FONT STYLE="color: #010000">(g)&#8239;&#8239;&#8239;</FONT><U>Maintenance
of Properties, Etc</U>. Maintain and preserve, and cause each of its Subsidiaries to maintain and preserve, all of its material properties
which are necessary or useful in the proper conduct of its business in good working order and condition, ordinary wear and tear and casualty
and condemnation excepted, and comply, and cause each of its Subsidiaries to comply, at all times with the material provisions of all
leases to which it is a party as lessee or under which it occupies property, so as to prevent any loss or forfeiture thereof or thereunder,
except to the extent any such noncompliance could not reasonably be expected to result, either individually or in the aggregate, in a
Material Adverse Effect.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.75in"><FONT STYLE="color: #010000">(h)&#8239;&#8239;&#8239;</FONT><U>Maintenance
of Insurance</U>. Maintain, and cause each of its Subsidiaries to maintain, insurance with responsible and reputable insurance companies
or associations (including, without limitation, comprehensive general liability, hazard and rent insurance) with respect to its properties
(including all real properties leased or owned by it, and except, in the case of any leased real property, to the extent maintenance of
insurance is the responsibility of any landlord under the lease with respect thereto) and business, in such amounts, subject to such deductibles
and self-insurance retentions, and covering such risks as is required by any Governmental Authority having jurisdiction with respect thereto
or as is carried generally in accordance with sound business practice by companies in similar businesses similarly situated. All policies
covering the Collateral are to be made payable to the Collateral Agent for the benefit of the Agents and the Lenders, as its interests
may appear, under a standard non-contributory &ldquo;lender&rdquo; or &ldquo;secured party&rdquo; clause and are to contain such other
provisions as the Agents or Required Lenders may reasonably require to fully protect the Lenders&rsquo; interest in the Collateral and
to any payments to be made under such policies; <I>provided, however</I>, that (i)&nbsp;each Agent and Lender hereby agrees that the terms
of the Loan Parties&rsquo; insurance certificates (and not the endorsements) in effect on the Effective Date are satisfactory to each
Agent and Lender and (ii)&nbsp;payments made under such policies with respect to the Collateral shall be subject to <U>Section&nbsp;2.05(c)(ix)</U>.
All certificates of insurance are to be delivered to the Collateral Agent, with the lenders&rsquo; loss payable and additional insured
endorsement in favor of the Collateral Agent and such other Persons as the Collateral Agent may designate from time to time, and shall
provide for not less than thirty (30) days&rsquo; prior written notice to the Agents of the exercise of any right of cancellation (ten
(10)&nbsp;days&rsquo; prior written notice in the case of non-payment). If any Loan Party fails to maintain such insurance, any Agent
may (but shall not be required), upon prior written notice to the Borrower, arrange for such insurance, but at the Borrower&rsquo;s expense
and without any responsibility on such Agent&rsquo;s part for obtaining the insurance, the solvency of the insurance companies, the adequacy
of the coverage, or the collection of claims. Upon the occurrence and during the continuance of an Event of Default, the Collateral Agent
shall have the sole right, in the name of the Lenders, any Loan Party and its Subsidiaries, to file claims under any insurance policies,
to receive, receipt and give acquittance for any payments that may be payable thereunder, and to execute any and all endorsements, receipts,
releases, assignments, reassignments or other documents that may be necessary to effect the collection, compromise or settlement of any
claims under any such insurance policies.</P>

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

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

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.75in"><FONT STYLE="color: #010000">(i)&#8239;&#8239;&#8239;&#8239;</FONT><U>Obtaining
of Permits, Etc</U>. Obtain, maintain and preserve, and cause each of its Subsidiaries to obtain, maintain and preserve, and take all
necessary action to timely renew, all permits, licenses, authorizations, approvals, entitlements and accreditations, in each case, which
are necessary or useful in the proper conduct of its business, except where the failure to obtain, maintain and preserve could not reasonably
be expected to result, either individually or in the aggregate, in a Material Adverse Effect.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.75in"><FONT STYLE="color: #010000">(j)&#8239;&#8239;&#8239;&#8239;</FONT><U>Environmental</U>.
(i)&nbsp;Keep any property either owned or operated by it or any of its Subsidiaries free of any Environmental Liens; (ii)&nbsp;comply
in all material respects, and cause each of its Subsidiaries to comply in all material respects, with all Environmental Laws and provide
to the Collateral Agent any documentation of such compliance which the Collateral Agent or the Required Lenders may reasonably request;
(iii)&nbsp;provide the Agents written notice within five (5)&nbsp;days of any Release of a Hazardous Material in excess of any reportable
quantity from or onto property at any time owned or operated by it or any of its Subsidiaries and take any Remedial Actions required by
Environmental Laws to abate said Release; and (iv)&nbsp;provide the Agents with written notice within ten (10)&nbsp;days of the receipt
of any of the following: (A)&nbsp;notice that an Environmental Lien has been filed against any property of any Loan Party; (B)&nbsp;commencement
of any Environmental Action or notice that an Environmental Action will be filed against any Loan Party; and (C)&nbsp;notice of a violation,
citation or other administrative order, in each case which would reasonably be expected to have, either individually or in the aggregate,
a Material Adverse Effect.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.75in"><FONT STYLE="color: #010000">(k)&#8239;&#8239;&#8239;</FONT><U>Further
Assurances</U>. Take such action and execute, acknowledge and deliver, and cause each of its Subsidiaries to take such action and execute,
acknowledge and deliver, at its sole cost and expense, such agreements, instruments or other documents as any Agent or the Required Lenders
may reasonably require from time to time in order (i)&nbsp;to carry out more effectively the purposes of this Agreement and the other
Loan Documents, to the extent contemplated by the other Loan Documents, (ii)&nbsp;to subject to valid and perfected first priority Liens
(subject to Permitted Liens) on any of the Collateral or any other property of any Loan Party and its domestic Subsidiaries, (iii)&nbsp;to
establish and maintain the validity and effectiveness of any of the Loan Documents and the validity, perfection and priority of the Liens
intended to be created thereby, and (iv)&nbsp;to better assure, convey, grant, collaterally assign, transfer and confirm unto each Agent,
and each Lender the rights, in each case, now or hereafter intended to be granted to it under this Agreement or any other Loan Document.
In furtherance of the foregoing, to the maximum extent permitted by applicable law, each Loan Party (i)&nbsp;authorizes each Agent, upon
the occurrence and during the continuance of an Event of Default, to execute any such agreements, instruments or other documents in such
Loan Party&rsquo;s name and to file such agreements, instruments or other documents in any appropriate filing office, (ii)&nbsp;authorizes
each Agent (or its designee) to file any financing statement required hereunder or under any other Loan Document, and any continuation
statement or amendment with respect thereto, in any appropriate filing office without the signature of such Loan Party, and (iii)&nbsp;ratifies
the filing of any financing statement, and any continuation statement or amendment with respect thereto, filed without the signature of
such Loan Party prior to the Effective Date.</P>

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

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

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.75in"><FONT STYLE="color: #010000">(l)&#8239;&#8239;&#8239;&#8239;</FONT><U>Change
in Collateral Locations; Collateral Records</U>. Give the Agents not less than ten (10)&nbsp;days&rsquo; prior written notice of any
change in the location of any Collateral (other than (i)&nbsp;Inventory in transit, (ii)&nbsp;assets at any location having a value
not exceeding $250,000 in the aggregate, (iii)&nbsp;equipment out for repair or in use by employees in the ordinary course of
business consistent with past practice, (iv)&nbsp;Collateral in the possession of the Collateral Agent and (v)&nbsp;Collateral moved
to a location set forth on <U>Schedule 6.01(cc)</U> (as amended from time to time by written notice to the Collateral Agent)).</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.75in"><FONT STYLE="color: #010000">(m)&#8239;&#8239;&#8239;</FONT><U>Landlord
Waivers</U>. At any time any Collateral with a book value in excess of $250,000 (when aggregated with all other Collateral at the same
location) is located on any real property of a Loan Party (whether such real property is now existing or acquired after the Effective
Date) which is not owned by a Loan Party, use commercially reasonable efforts to obtain written subordinations or waivers (&ldquo;<U>Landlord
Waivers</U>&rdquo;), in form and substance reasonably satisfactory to the Required Lenders, of all present and future Liens to which the
owner or lessor of such premises may be entitled to assert against the Collateral; <I>provided </I>that the Landlord Waiver for the Loan
Parties facility located in Austin, Texas shall be provided by April&nbsp;30, 2022.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.75in"><FONT STYLE="color: #010000">(n)&#8239;&#8239;&#8239;</FONT><U>Subordination</U>.
Cause all Indebtedness and other obligations now or hereafter owed by it to any of its Subsidiaries that are not Loan Parties, to be subordinated
in right of payment and security to the Indebtedness and other Obligations owing to the Agents and the Lenders pursuant to the Intercompany
Subordination Agreement.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.75in"><FONT STYLE="color: #010000">(o)&#8239;&#8239;&#8239;</FONT><U>After
Acquired Real Property</U>. Upon the acquisition by it or any of its Domestic Subsidiaries that is a Loan Party after the Effective
Date of any Material Real Estate Asset (each such interest being an &ldquo;<U>After Acquired Property</U>&rdquo;), as soon as
reasonably practicable so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the
location of the real property, and either an appraisal or such Loan Party&rsquo;s good-faith estimate of the current value of such
real property after taking into account any liabilities with respect thereto that impact such fair market value. The Loan Party that
has acquired such After Acquired Property shall furnish to the Collateral Agent as promptly as reasonably practicable (and in any
event within sixty (60) days thereafter) the following, each in form and substance reasonably satisfactory to the Required Lenders:
(i)&nbsp;a Mortgage with respect to such real property and related assets located at the After Acquired Property, duly executed by
such Loan Party and in recordable form; (ii)&nbsp;evidence of the recording of the Mortgage referred to in clause (i)&nbsp;above in
such office or offices as may be necessary or, in the opinion of the Collateral Agent or the Required Lenders, desirable to create
and perfect a valid and enforceable first priority lien on the After Acquired Property purported to be covered thereby (subject to
Permitted Liens) or to otherwise protect the rights of the Agents and the Lenders thereunder, (iii)&nbsp;a Title Insurance Policy,
(iv)&nbsp;a survey of such real property, certified to the applicable Loan Party and to the issuer of the Title Insurance Policy by
a reputable licensed professional surveyor; <I>provided </I>that an existing survey shall be acceptable if sufficient for the
applicable title insurance company to remove the standard survey exception and issue survey-related endorsements, (v)&nbsp;if
requested, Phase I Environmental Site Assessments with respect to such real property, certified to the Collateral Agent by a company
reasonably satisfactory to the Required Lenders, and (vi)&nbsp;such other documents reasonable and customary or instruments
(including guarantees and enforceability opinions of counsel) as the Collateral Agent or the Required Lenders may reasonably require
(clauses (i)-(vi), collectively, the &ldquo;Real Property Deliverables&rdquo;). The Borrower shall pay all reasonable and documented
out-of-pocket fees and expenses, including reasonable and documented out-of-pocket fees and expenses of one outside counsel and one
local counsel in each relevant jurisdiction, and all title insurance charges and premiums, in connection with each Loan
Party&rsquo;s obligations under this <U>Section&nbsp;7.01(o)</U>.</P>

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

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

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.75in"><FONT STYLE="color: #010000">(p)&#8239;&#8239;&#8239;</FONT><U>Fiscal
Year</U>. Cause the Fiscal Year of the Borrower and its Subsidiaries to end on December&nbsp;31st of each calendar year unless the Administrative
Agent (acting at the direction of the Required Lenders) consents to a change in such Fiscal Year (and appropriate related changes to this
Agreement).</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.75in"><FONT STYLE="color: #010000">(q)&#8239;&#8239;&#8239;</FONT><U>Payment
of Investment Banking Fee</U>. On the Effective Date the Borrower has paid, from the proceeds of the Initial Term Loan, an investment
banking fee of $750,000 to Oppenheimer&nbsp;&amp; Company in consideration for the introduction of Borrower to the Lenders and its assistance
in facilitating the Term Loans.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.75in"><FONT STYLE="color: #010000">(r)&#8239;&#8239;&#8239;&#8239;</FONT><U>Compliance
with SEC Requirements.</U>&#8239;(i)&nbsp;Timely file all SEC Documents required to be filed or furnished by any Loan Party with or to the SEC
on a timely basis, (ii)&nbsp;cause, as of the time of filing or furnishing to the SEC (A)&nbsp;each of the SEC Documents to comply as
to form in all material respects with the applicable requirements of the Securities Act or the Exchange Act (as the case may be), and
(B)&nbsp;none of the SEC Documents to contain any untrue statement of a material fact or omit to state a material fact required to be
stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not
misleading, except to the extent corrected by the filing or furnishing of the applicable amending or superseding SEC Document, and (iii)&nbsp;cause
each of the Certifications to be accurate and complete, and comply as to form and content with all applicable laws in effect at the time
such Certification is filed with or furnished to the SEC.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(s)</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;<U>Post-Closing Obligations</U>.</FONT></P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.25in">(i)&#8239;&#8239;As
promptly as practicable, and in any event within the number of days after the Effective Date specified on <U>Schedule 7.01(s)</U>&nbsp;(or,
upon the reasonable discretion of the Administrative Agent, at such other date specified by the Administrative Agent), the Loan Parties
will deliver all documents and take all actions set forth on <U>Schedule 7.01(s)</U>, including without limitation, delivery of Loan Documents
not delivered on the Effective Date, delivery of quality of earnings report, completion of Appraisal and Field Examination, delivery the
Effective Date Borrowing Base Certificate and obtaining collateral access agreements in favor of the Lenders from lessors under real property
leased to the Loan Parties.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">(ii)&#8239;&#8239;</FONT>Not
later than March&nbsp;31, 2022 (or, upon the reasonable discretion of the Administrative Agent, at such later date requested by the Borrower
and approved by the Administrative Agent), the Appraisal and the Field Examination shall have been completed, the Borrower shall have
delivered the Effective Date Borrowing Base Certificate and quality of earnings report, in each case, in form and substance satisfactory
to the Administrative Agent.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">(iii)&#8239;&#8239;</FONT>Not
later than the date that is five (5)&nbsp;Business days after the deliverables required under clause (ii)&nbsp;have been received by
the Administrative Agent, the Loan Parties and the Agents shall make such modifications and amendments to the Loan Documents as may
be reasonably required by the Agents in their discretion to reflect the results of the Appraisal, the Field Examination and the
quality of earnings report.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">(iv)&#8239;&#8239;</FONT>The
Borrower shall have engaged Riveron Consulting, LLC to assist in (x)&nbsp;re-modeling the Borrower&rsquo;s historical financial statements
on a monthly basis for the last twelve month period ended on the Effective Date LTM period and (b)&nbsp;Borrower&rsquo;s projections,
and, in each case, the Borrower shall deliver to the Administrative Agent such re-modeled financial statements and projections on or prior
to January&nbsp;31, 2022 (or, upon the reasonable discretion of the Administrative Agent, at such later date requested by the Borrower
and approved by the Administrative Agent), in each case, in form and substance satisfactory to the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">(v)&#8239;&#8239;</FONT>The
Borrower shall, on or before April&nbsp;30, 2022 (or, upon the reasonable discretion of the Administrative Agent, at such later date requested
by the Borrower and approved by the Administrative Agent), enter into a customary registration rights agreement (the &ldquo;<U>Registration
Rights Agreement</U>&rdquo;) reasonably acceptable to WhiteHawk Finance LLC pursuant to which the Borrower will be required to file with
and have declared effective by the Securities and Exchange Commission a Registration Statement under the Securities Act of 1933, as amended,
to register for resale the Warrant Shares (as defined in the Warrant) and related registrable securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">(vi)&#8239;&#8239;</FONT>Each
of the following shall be delivered on or prior to January&nbsp;31, 2022 (or, upon the reasonable discretion of the Administrative Agent,
at such later date requested by the Borrower and approved by the Administrative Agent): (x)&nbsp;Belgian Security Documents, (y)&nbsp;Dutch
Security Documents, and (z)&nbsp;the Loan Parties shall have delivered a Mortgage with respect to each parcel of Material Real Estate,
including Material Real Estate of the NI Obligor, in each case, in form and substance satisfactory to the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">(vii)&#8239;&#8239;</FONT>On
or prior to January&nbsp;31, 2022 (or, upon the reasonable discretion of the Administrative Agent, at such later date requested by the
Borrower and approved by the Administrative Agent), each Belgian Loan Party shall have executed a joinder, in form and substance satisfactory
to the Administrative Agent, to this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">(viii)&#8239;&#8239;</FONT>On
or prior to January&nbsp;31, 2022 (or, upon the reasonable discretion of the Administrative Agent, at such later date requested by the
Borrower and approved by the Administrative Agent), counsel for each Belgian Loan Party and Belgian Loan Party shall have delivered opinions
in form and substance reasonably satisfactory to the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">(ix)&#8239;&#8239;</FONT>On
or prior to January&nbsp;31, 2022 (or, upon the reasonable discretion of the Administrative Agent, at such later date requested by the
Borrower and approved by the Administrative Agent), the Loan Parties shall have delivered Account Control Agreements for each deposit
account, commodities account and securities account of each Loan Party, in each case, other than with respect to Excluded Accounts.</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">(x)&#8239;&#8239;</FONT>On
or prior to January&nbsp;15, 2022 (or, upon the reasonable discretion of the Administrative Agent, at such later date requested by the
Borrower and approved by the Administrative Agent), the Loan Parties shall have lender loss payee and additional insured endorsements
with respect to insurances maintained by the Loan Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">(xi)&#8239;&#8239;</FONT>On
or prior to January&nbsp;15, 2022 (or, upon the reasonable discretion of the Administrative Agent, at such later date requested by the
Borrower and approved by the Administrative Agent), the Collateral Agent shall have received an assignment of business interruption insurance
for each of the Loan Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">(xii)&#8239;&#8239;</FONT>On
or prior to April&nbsp;30, 2022 (or, upon the reasonable discretion of the Administrative Agent, at such later date requested by the Borrower
and approved by the Administrative Agent), the Loan Parties shall comply with Section&nbsp;7.01(m)&nbsp;with respect to obtaining collateral
access agreements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.75in"><FONT STYLE="color: #010000">(t)&#8239;&#8239;&#8239;&#8239;</FONT><U>Residency
for Dutch Tax Purposes</U>. Each Dutch Loan Party will remain resident for tax purposes in the Netherlands only and not create a permanent
establishment or other taxable presence outside the Netherlands, unless with the prior written consent of the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.75in"><FONT STYLE="color: #010000">(u)&#8239;&#8239;&#8239;</FONT><U>Fiscal
Unity for Dutch Tax Purposes</U>. Any fiscal unity (fiscale eenheid) for Dutch tax purposes in which a Loan Party is included, will consist
of Loan Parties only, unless with the prior written consent of the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.75in"><FONT STYLE="color: #010000">(v)&#8239;&#8239;&#8239;</FONT><U>Center
of Main Interests</U>. Each Person incorporated in the Netherlands shall maintain its center of main interest in the Netherlands for the
purposes of the Insolvency Regulation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0 0pt 0.25in; text-indent: 0.75in"><FONT STYLE="color: #010000">(w)&#8239;&#8239;&#8239;</FONT><U>Allocation
of Tax Losses upon Termination of Fiscal Unity for Dutch Tax Purposes</U>. If, at any time, a Loan Party is a member of a fiscal
unity (fiscale eenheid) for Dutch corporate income tax (vennootschapsbelasting) purposes and such fiscal unity is, in respect of
that Loan Party, terminated (verbroken) or disrupted (be&euml;indigd) as a result of or in connection with the Collateral Agent
enforcing its rights under any Loan Document, such Loan Party shall, at the request of the Administrative Agent and together with
the Borrower company (moedermaatschappij) or deemed parent company (aangewezen moedermaatschappij) of that fiscal unity, for no
consideration and as soon as reasonably practicable, lodge a request with the relevant Governmental Authority to allocate and
surrender any tax losses (within the meaning of Article&nbsp;20 of the Dutch Corporate Income Tax Act (Wet op de
vennootschapsbelasting 1969)) to the Loan Party leaving the fiscal unity, to the extent such tax losses are attributable
(toerekenbaar) to that Loan Party (within the meaning of Article&nbsp;15af of the Dutch Corporate Income Tax Act (Wet op de
vennootschapsbelasting 1969)).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.75in"><FONT STYLE="color: #010000">(x)&#8239;&#8239;&#8239;</FONT><U>Offering</U>.
The Borrower shall perform all obligations set forth in Section&nbsp;6.01(ll) in connection with the Offering. The Borrower shall issue
and deliver the Shares to the Investor within three (3)&nbsp;Business Days following the Effective Date.</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0"></P>

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<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.75in"><FONT STYLE="color: #010000">(y)&#8239;&#8239;&#8239;</FONT><U>Borrower&rsquo;s
Supplemental Financing</U>. The Borrower shall have received not less than $7,500,000 in net cash proceeds from either (i)&nbsp;the Subordinated
Lender in respect of the Subordinated Indebtedness permitted to be issued under clause (r)&nbsp;of the definition of Permitted Indebtedness
on or prior to July&nbsp;15, 2022 (as such date may be extended by the Administrative Agent in its sole discretion to July&nbsp;22, 2022
based upon evidence provided to the Administrative Agent of progress being made by the Borrower of obtaining such Indebtedness) or (ii)&nbsp;if
clause (i)&nbsp;is not satisfied by July&nbsp;15, 2022, not later than July&nbsp;29, 2022, proceeds from an Equity Issuance of the Borrower&rsquo;s
Class&nbsp;A Common Stock.<FONT STYLE="color: red"><STRIKE><SUP>1</SUP></STRIKE></FONT></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(z)</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;<U>Financial Advisor</U>.</FONT></P>


<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">(i)&#8239;&#8239;</FONT>If
required by the Administrative Agent, the Loan Parties shall engage a Financial Advisor reasonably acceptable to the Administrative Agent,
within 10-days of such request by the Administrative Agent. Not later than 7-days after such Financial Advisor&rsquo;s engagement, the
Borrower shall have caused the Financial Advisor to have prepared, and shall have delivered to the Administrative Agent (who shall promptly
furnish to the Lenders), and shall have authorized and caused the Financial Advisor to present to the Administrative Agent and discuss
(in detail reasonably satisfactory to the Administrative Agent and outside of the presence of any representatives of any Loan Party),
an assessment and analysis of the Loan Parties&rsquo; cash flows, budget, gross profit margin, capital raise and sale process (the &ldquo;<U>Business
Assessment</U>&rdquo;), consistent with the scope of the Financial Advisor&rsquo;s work contemplated in the Financial Advisor Engagement
Letter. The Financial Advisor shall be directed by the Borrower and the other Loan Parties to share any and all reports, workpapers and
documents or materials prepared by the Financial Advisor for any Loan Party or prepared in connection with the Financial Advisor&rsquo;s
engagement for any Loan Party. The Borrower shall continue to engage the Financial Advisor.</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">(ii)&#8239;&#8239;</FONT>The
Loan Parties hereby agree to: (x)&nbsp;give the Financial Advisor and its representatives access during normal business hours to the offices,
properties, officers, employees, accountants, auditors, counsel and other representatives, books and records of the Loan Parties, (y)&nbsp;furnish
to the Financial Advisor and its representatives such financial, operating and property related data and other information as such persons
request, and (z)&nbsp;instruct and authorize the Loan Parties&rsquo; officers, employees, accountants, auditors, counsel and other representatives
to fully cooperate with the Financial Advisor in respect of the aforementioned clauses (x)&nbsp;and (y).</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.25in"><FONT STYLE="color: #010000">(iii)&#8239;&#8239;</FONT>(x)&nbsp;the
Loan Parties shall authorize and cause the Financial Advisor (including outside of the presence of any representatives of any Loan
Party) to, regularly consult with, and respond to the inquiries of, the Administrative Agent and its representatives concerning any
and all matters relating to the businesses, assets, liabilities, financial positions, results of operations and business prospects
of the Loan Parties&rsquo;, including, without limitation, performance relative to the Budget, the Unapproved Budget, the Approved
Budget, the status and results of any turnaround activities and the status and results of the capital raise and sale processes and
to share with the Administrative Agent and the Lenders any and all reports, workpapers and documents or materials prepared by the
Financial Advisor for any Loan Party or prepared in connection with the Financial Advisor&rsquo;s engagement for any Loan Party,
(y)&nbsp;on Friday of each week from 2:30 p.m.&nbsp;to 3:00 p.m.&nbsp;(New York time) (or such other time or day as the
Administrative Agent shall reasonably agree), the Loan Parties shall provide updates on the matters specified in clause
(x)&nbsp;above on a conference call with Administrative Agent and/or its representatives and (z)&nbsp;on Friday of each week from
1:30 p.m.&nbsp;to 2:15 p.m.&nbsp;(New York time) (or such other time or day as the Administrative Agent shall reasonably agree), so
long as the Financial Advisor continues to be engaged, the Loan Parties shall authorize and cause the Financial Advisor (outside of
the presence of any representatives of any Loan Party) to provide updates on the matters specified in clauses (x)&nbsp;and
(y)&nbsp;above on a conference call with the Administrative Agent and/or its representatives.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0"></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: red"><STRIKE><SUP>1</SUP></STRIKE> <STRIKE>NTD: awaiting company
response.</STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.75in;"><FONT STYLE="text-decoration: underline double; color: blue">(aa)</FONT>
&#8239;&#8239;&#8239;<FONT STYLE="text-decoration: underline double; color: blue">Board Observers. For so long as the Credit Agreement is in effect, the Administrative Agent (at the direction of the Required Lenders)
shall have the right to designate two (2)&nbsp;representatives of the Administrative Agent to attend all meetings of the Board of Directors
or similar governing body of the Borrower and its Subsidiaries (and any committees thereof), as applicable, each as an observer. Such
representatives shall satisfy the general director suitability standards of the Borrower for its Board of Directors. Such representatives
shall not constitute a member of the Board of Directors or any committee thereof and shall not be entitled to vote on, or consent to,
any matters presented to the Board of Directors or any committee thereof. The Administrative Agent shall have the right to change its
designated representatives from time to time by notice to the Borrower. Such representatives may participate in discussions of matters
brought before the Board of Directors or any committee thereof; <I>provided </I>that, any such observer shall be recused from all or a
portion of any meeting or discussion where, if any such observer were a director on the Board of Directors, it would be customary and
advisable for such director to do so, as determined by a majority of the independent members of the Board of Directors upon advice of
counsel (such as, for example, when such observer has a conflict of interest), or where necessary or desirable to preserve attorney-client
privilege between the Borrower and its counsel. Subject to the preceding sentence, each such representative will be entitled to receive
copies of all materials prepared for such meetings (or otherwise prepared for the Board of Directors). The Loan Parties will reimburse
(or cause one or more of its Subsidiaries to reimburse) each such observer for all reasonable out-of-pocket expenses incurred in connection
with attending such meetings, but none of the Lenders or any such observer shall receive any additional compensation or remuneration in
respect of any such observer&rsquo;s service. Such representatives shall agree to maintain the confidentiality of all non-public information
and proceedings of the Board of Directors and any committee of the Board of Directors and to abide by all confidentiality agreements and
provisions in place with the Administrative Agent and any Loan Party.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.75in"><FONT STYLE="text-decoration: underline double; color: blue">(bb)</FONT>
&#8239;&#8239;&#8239;<FONT STYLE="text-decoration: underline double; color: blue">On or prior to January&nbsp;31, 2026 (or such later that the Administrative Agent may agree in its discretion), the Borrower shall,
or by and through its Board of Directors shall, nominate and shall take all appropriate action under the Borrower&rsquo;s Governing
Documents to appoint an independent director (reasonably satisfactory to the Required Lenders) (the &ldquo;Board Designee&rdquo;) to
the Board of Directors of the Borrower to fill the remaining term of a vacant seat, as of December&nbsp;17, 2025, on the Board of
Directors and such Board Designee would have been ratified by the Borrower and the Borrower&rsquo;s Board of Directors not later
than March&nbsp;31, 2026 to become a member of the Borrower&rsquo;s Board of Directors. Thereafter, the Borrower shall, or by and
through its Board of Directors shall, nominate and shall take all appropriate action under the Borrower&rsquo;s Governing Documents
to appoint the Board Designee (i.e. to the Board of Directors of the Borrower and recommend a shareholder vote (an independent
director (reasonably satisfactory to the Required Lenders)) at the next scheduled annual meeting and each meeting for election of
members of the Board of Directors of the Borrower thereafter) for such Board Designee to be elected as a member of the Board of
Directors of the Borrower and shall be entitled to vote on, or consent to, any matters presented to the Board of Directors or any
committee thereof; <I>provided </I>that pending such vote or if such person is not voted in as a member of the Board of Directors,
such appointee shall have the right as an observer only to attend any and all meetings of the Borrower and other Loan Parties&rsquo;
Board of Directors that any member of the Borrower or any other Loan Parties&rsquo; Board of Directors attends or is permitted to
attend as a board observer (in addition to the board observer specified in new clause (aa) above). Notwithstanding anything to the
contrary, the foregoing, if the Borrower has the authority under its Governing Documents to either designate and/or appoint a Person
to its Board of Directors, the Borrower shall designate and/or appoint, as applicable, the Board Designee as a member of its Board
of Directors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;7.02
&#8239;&#8239;</FONT><U>Negative Covenants</U>. So long as any principal of or interest on any Term Loan, or any other Obligation (whether or not due,
but excluding unasserted contingent indemnification Obligations) shall remain unpaid or any Lender shall have any Commitment hereunder,
each Loan Party shall not, unless the Required Lenders shall otherwise consent in writing:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)&#8239;&#8239;&#8239;</FONT><U>Liens,
Etc</U>. Create, incur, assume or suffer to exist, or permit any of its Subsidiaries to create, incur, assume or suffer to exist, any
Lien upon or with respect to any of its properties, whether now owned or hereafter acquired; file or suffer to exist under the Uniform
Commercial Code or any Requirement of Law of any jurisdiction, a financing statement (or the equivalent thereof) that names it or any
of its Subsidiaries as debtor (other than an unauthorized financing statement (or the equivalent thereof) that names it as debtor so
long as such unauthorized financing statement is promptly terminated after the Loan Parties obtain knowledge thereof); sign or suffer
to exist any security agreement authorizing any secured party thereunder to file such financing statement (or the equivalent thereof)
while the Obligations remain outstanding, other than, as to all of the above, Permitted Liens.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)&#8239;&#8239;&#8239;</FONT><U>Indebtedness</U>.
Create, incur, assume, guarantee or suffer to exist, or otherwise become or remain liable with respect to, or permit any of its Subsidiaries
to create, incur, assume, guarantee or suffer to exist or otherwise become or remain liable with respect to, any Indebtedness, other
than Permitted Indebtedness.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)&#8239;&#8239;&#8239;</FONT><U>Fundamental
Changes; Dispositions</U>. Wind-up, liquidate or dissolve, or merge, consolidate or amalgamate with any Person, including by means of
a &ldquo;plan of division&rdquo; under the relevant limited liability company statute of any state or any comparable transaction under
any similar law, or convey, sell, lease or sublease, transfer or otherwise dispose of, whether in one transaction or a series of related
transactions, all or any part of its business, property or assets, whether now owned or hereafter acquired, or permit any of its Subsidiaries
to do any of the foregoing; <I>provided, however</I>, that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>(x)&nbsp;any
wholly-owned Subsidiary of any Loan Party and any Loan Party (other than the Borrower) may be merged, consolidated, amalgamated or liquidated
into such Loan Party (other than the Borrower) or another wholly-owned Subsidiary of such Loan Party, or may consolidate or amalgamate
with another wholly-owned Subsidiary of such Loan Party, so long as (A)&nbsp;no other provision of this Agreement would be violated thereby,
(B)&nbsp;such Loan Party gives the Agents at least 10 Business Days&rsquo; prior written notice of such merger, amalgamation, liquidation
or consolidation, (C)&nbsp;no Default or Event of Default shall have occurred and be continuing either before or after giving effect
to such transaction, (D)&nbsp;the Lenders&rsquo; rights in any Collateral, including, without limitation, the existence, perfection and
priority of any Lien thereon, are not adversely affected by such merger, amalgamation, liquidation or consolidation in any material respect,
(E)&nbsp;in the case of any merger or consolidation involving a Loan Party that is a Domestic Subsidiary, the surviving Loan Party is
a Domestic Subsidiary, and (F)&nbsp;in the case of any merger or consolidation involving a Loan Party, the surviving Subsidiary, if any,
is joined as a Loan Party hereunder (to the extent not already a Loan Party) pursuant to a Joinder Agreement and is a party to a Security
Document and the Equity Interests of such Subsidiary is the subject of a Security Document, in each case, which is in full force and
effect on the date of and immediately after giving effect to such merger, amalgamation, liquidation or consolidation; and (y)&nbsp;any
Subsidiary that is not a Loan Party may merge or consolidate with another Subsidiary that is not a Loan Party or, if the surviving entity
is or becomes a Loan Party, with a Subsidiary that is a Loan Party;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>any
Loan Party and its Subsidiaries may (A)&nbsp;sell, assign or transfer Inventory in the ordinary course of business, and (B)&nbsp;make
Permitted Dispositions, <U>provided</U> that the Net Cash Proceeds of such Permitted Dispositions, in all cases, are applied pursuant
to the terms of <U>Section&nbsp;2.05(c)(vi)</U>, 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 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(iii)&#8239;&#8239;&#8239;&#8239;</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[reserved];</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>any
Loan Party and any Subsidiary of any Loan Party may consummate a transaction permitted by <U>Section&nbsp;7.02(e)</U>; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Notwithstanding
anything set forth herein, (i)&nbsp;no Loan Party shall sell, assign, transfer or otherwise dispose of any intellectual property to any
non-Loan Party and (ii)&nbsp;non-Loan Parties shall not own any intellectual property other than intellectual property that is de minimis
in value and that has been independently developed by a non-Loan Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(d)&#8239;&#8239;&#8239;</FONT><U>Change
in Nature of Business</U>. Make, or permit any of its Subsidiaries to make, any material change in the nature of its business as described
in <U>Section&nbsp;6.01(l)</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 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(e)&#8239;&#8239;&#8239;</FONT><U>Loans,
Advances,&nbsp;Investments, Etc</U>. Make or commit or agree to make any loan, advance, guarantee of obligations, other extension of
credit or capital contributions to, or hold or invest in or commit or agree to hold or invest in, or purchase or otherwise acquire or
commit or agree to purchase or otherwise acquire any shares of the Equity Interests, bonds, notes, debentures or other securities of,
or make or commit or agree to make any other investment in, any other Person or purchase all or substantially all of the assets of any
other Person (each an &ldquo;<U>Investment</U>&rdquo;), or permit any of its Subsidiaries to do any of the foregoing, except for:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Investments
existing on the Effective Date, as set forth on <U>Schedule 7.02(e)</U>&nbsp;hereto, but not any increase in the amount thereof as set
forth in such Schedule or any other modification of the terms thereof that are materially adverse to the interests of the Lenders;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>(A)&nbsp;loans
and advances by a Loan Party or non-Loan Party Subsidiary to a Loan Party, provided that such loans and advances by a non-Loan Party
to a Loan Party shall be subordinated in right of payment to the Obligations and shall be subject to the Intercompany Subordination Agreement,
provided further, that such loans and advances by a Loan Party to a non-Loan Party shall not exceed at any time $250,000 in the aggregate
and (B)&nbsp;loans and advances by a non-Loan Party Subsidiary to any other non-Loan Party 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 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Investments
made by a Loan Party after the Effective Date in or to non-Loan Party Subsidiaries in an aggregate amount not to exceed $500,000 at any
time outstanding; <I>provided </I>that (A)&nbsp;such Investments made after the Effective Date under this clause (iii)&nbsp;shall not
be made unless (1)&nbsp;no Default or Event of Default has occurred and is continuing or would result from such Investments and (2)&nbsp;Qualified
Cash is equal to or greater than $5,000,000 immediately before and after giving effect to such Investments and (B)&nbsp;the owner of
the Equity Interests of such non-Loan Party Subsidiary complies with the requirements of <U>Section&nbsp;7.01(b)(ii)</U>&nbsp;with respect
to the pledge of the Equity Interests of such non-Loan Party 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 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>advances
to officers, directors and other employees of the Loan Parties in an aggregate outstanding amount at any one time not in excess of $100,000;</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 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(v)</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;extensions of trade credit in the ordinary course of business;</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Investments
in cash and Cash Equivalents (including deposits and other accounts in which such cash and Cash Equivalents are 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 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(vii)</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;[reserved];</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(viii)</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;Permitted Investments;</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(ix)&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Investments
consisting of extensions of credit in the nature of accounts receivable or notes receivable arising from the grant of trade credit in
the ordinary course of business to the extent permitted by <U>Section&nbsp;7.02(o)</U>, and Investments received in satisfaction or partial
satisfaction thereof from financially troubled account debtors in the ordinary course of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(x)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Investments
arising directly out of the receipt by the Loan Parties of non-cash consideration for any sale of assets permitted under <U>Section&nbsp;7.02(c)</U>; <I>provided</I>,
that such non-cash consideration shall in no event exceed 10% of the total consideration received for such sale;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(xi)&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Investments
in the ordinary course of business consisting of indorsements for collection or deposit and customary trade arrangements with customers
consistent with past practices;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(xii)&#8239;&#8239;&#8239;&#8239;</FONT>advances
made in connection with purchases of goods or services in the ordinary course of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(xiii)</FONT>
<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;Indebtedness constituting an Investment to the extent permitted
under <U>Section&nbsp;7.02(b)</U>;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(xiv)</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;capitalization
or forgiveness of any debt owed by a Loan Party to another Loan Party;</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(xv)</FONT>
<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;holding of Investments to the extent such Investments reflect
an increase in the value of the Investments;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(xvi)&#8239;&#8239;&#8239;</FONT>Investments
consisting of earnest money required in connection with 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 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(xvii)&#8239;&#8239;</FONT>Investments
held by a Person that becomes a Loan Party or a Subsidiary of a Loan Party (or is merged, amalgamated or consolidated with or into a
Loan Party or a Subsidiary of a Loan Party) after the Effective Date to the extent that such Investments (x)&nbsp;existed prior to such
Person becoming a Loan Party or a Subsidiary of a Loan Party and (y)&nbsp;were not made in contemplation of or in connection with such
acquisition, merger, amalgamation 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 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(xviii)</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[reserved]; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in">(xix)&#8239;&#8239;&#8239;&#8239;other
Investments, not described in clauses (i)&nbsp;through (xviii)&nbsp;above, in an aggregate outstanding amount at any one time not exceeding
$500,000.</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 0in; text-align: justify">Notwithstanding anything set forth
herein, (x)&nbsp;no Loan Party shall loan, contribute, assign, transfer or otherwise dispose of any intellectual property to any non-Loan
Party and (y)&nbsp;non-Loan Parties shall not own any intellectual property other than intellectual property that is de minimis in value
and that has been independently developed by a non-Loan Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(f)&#8239;&#8239;&#8239;&#8239;</FONT><U>Restricted
Payments</U>. No Loan Party shall (A)&nbsp;declare or pay any dividend or other distribution, direct or indirect, on account of any Equity
Interests of any Loan Party, now or hereafter outstanding, together with any payment or distribution pursuant to a &ldquo;plan of division&rdquo;
under the relevant limited liability company statute of any state or any comparable transaction under any similar law, (B)&nbsp;make
any repurchase, redemption, retirement, defeasance, sinking fund or similar payment, purchase or other acquisition for value, direct
or indirect, of any Equity Interests of any Loan Party or any direct or indirect parent of any Loan Party, now or hereafter outstanding,
(C)&nbsp;make any payment to retire, or to obtain the surrender of, any outstanding warrants, options or other rights for the purchase
or acquisition of shares of any class of Equity Interests of any Loan Party, now or hereafter outstanding, (D)&nbsp;return any Equity
Interests to any shareholders or other equity holders of any Loan Party, or make any other distribution of property, assets, shares of
Equity Interests, warrants, rights, options, obligations or securities thereto as such, (E)&nbsp;pay any management fees or any other
fees or expenses (including the reimbursement thereof by any Loan Party) pursuant to any management, consulting or other services agreement
(in each case excluding compensation, including bonuses, indemnities and expense reimbursement under customary employment arrangements)
to any of the shareholders or other equity holders of any Loan Party or other Affiliates, or to any other Subsidiaries or Affiliates
of any Loan Party or (F)&nbsp;make any repurchase, redemption, retirement, defeasance, sinking fund or similar payment, purchase or other
acquisition for value, direct or indirect, of any Subordinated Indebtedness or any Redeemable Preferred Stock (<U>clauses (A)</U>&nbsp;through
<U>(F)</U>, a &ldquo;<U>Restricted Payment</U>&rdquo;); <I>provided, however</I>, the;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>each
Subsidiary and each Loan Party may pay dividends or make distributions or other Restricted Payments to the Borrower or any other Loan
Party that is its direct parent company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>reasonable
and customary indemnities may be provided to, and reasonable and customary fees may be paid to, members of the board of directors of
the Borrower;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(iii)&#8239;&#8239;&#8239;&#8239;</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[reserved];</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(iv)</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;[reserved];</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(v)&#8239;&#8239;&#8239;&#8239;&#8239;</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[reserved];</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(vi)&#8239;&#8239;&#8239;&#8239;</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[reserved]; and</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(vii)&#8239;&#8239;&#8239;&#8239;</FONT>each
Loan Party and each Subsidiary of a Loan Party may make non-cash repurchases of Equity Interests deemed to occur upon exercise of stock
options or similar equity incentive awards if such Equity Interest represents a portion of the exercise price of such options or similar
equity incentive awards.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify"><FONT STYLE="text-decoration: underline double; color: blue"><U>It is understood and
agreed that no Permitted Acquisition may be consummated from and after the Eighth Amendment Effective Date.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(g)&#8239;&#8239;&#8239;</FONT><U>Federal
Reserve Regulations</U>. Permit any Term Loan or the proceeds of any Term Loan under this Agreement to be used for any purpose that would
cause such Loan to be a margin loan under and in a manner that violates the provisions of Regulation T, U or X of the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(h)&#8239;&#8239;</FONT><U>Transactions
with Affiliates</U>. Enter into, renew, extend or be a party to, or permit any of its Subsidiaries to enter into, renew, extend or be
a party to, any transaction or series of related transactions (including, without limitation, the purchase, sale, lease, transfer or
exchange of property or assets of any kind or the rendering of services of any kind) with any Affiliate, except (i)&nbsp;as necessary
or desirable for the prudent operation of its business and on terms no less favorable to it or its Subsidiaries than would be obtainable
in a comparable arm&rsquo;s length transaction with a Person that is not an Affiliate thereof, (ii)&nbsp;transactions (x)&nbsp;with another
Loan Party and (y)&nbsp;between Subsidiaries that are not Loan Parties, (iii)&nbsp;transactions expressly permitted under this Agreement,
(iv)&nbsp;sales or issuances of Qualified Equity Interests of the Borrower to Affiliates of the Borrower not otherwise prohibited by
the Loan Documents and the granting of registration and other customary rights in connection therewith, (v)&nbsp;the payment of fees
and expenses in connection with the consummation of the Transaction, (vi)&nbsp;entering into employment and severance arrangements between
the Borrower, any other Loan Party and their Subsidiaries and their respective officers and employees, (vii)&nbsp;other transactions
set forth on <U>Schedule 7.02(h)</U>&nbsp;and (viii)&nbsp;the payment of customary fees and reimbursement of reasonable out-of-pocket
costs of, and customary indemnities provided to or on behalf of, directors, officers and employees of the Borrower, the other Loan Parties
and their Subsidiaries in the ordinary course of business or to their Affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(i)&#8239;&#8239;&#8239;&#8239;</FONT><U>Limitations
on Dividends and Other Payment Restrictions Affecting Subsidiaries</U>. Create or otherwise cause, incur, assume, suffer or permit to
exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Subsidiary of any Loan Party (A)&nbsp;to
pay dividends or to make any other distribution on any shares of Equity Interests of such Subsidiary owned by any Loan Party, (B)&nbsp;to
pay or prepay or to subordinate any Indebtedness owed to any Loan Party, (C)&nbsp;to make loans or advances to any Loan Party or (D)&nbsp;to
transfer any of its property or assets to any Loan Party, or permit any of its Subsidiaries to do any of the foregoing; <I>provided,
however</I>, that nothing in this <U>Section&nbsp; 7.02(i)</U>&nbsp;shall prohibit or restrict compliance with:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(i)&#8239;&#8239;&#8239;&#8239;</FONT>this
Agreement, the other Loan Documents, and any other agreement or document evidencing Subordinated Indebtedness;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(ii)&#8239;&#8239;&#8239;</FONT>any
agreements in effect on the date of this Agreement and described on <U>Schedule 7.02(i)</U>;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(iii)&#8239;&#8239;</FONT>any
applicable law, rule&nbsp;or regulation (including, without limitation, applicable currency control laws and applicable state corporate
statutes restricting the payment of dividends in certain circumstances);</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(iv)&#8239;&#8239;</FONT>any
agreement setting forth customary restrictions on the subletting, assignment or transfer of any property or asset that is a lease, license,
conveyance or contract of similar property or assets;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(v)&#8239;&#8239;&#8239;</FONT>any
agreement, instrument or other document evidencing a Permitted Lien (or the Indebtedness secured thereby) restricting on customary terms
the transfer of any property or assets subject thereto;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(vi)&#8239;&#8239;</FONT>restrictions
contained in an agreement related to the sale of such property that limits the transfer of such property pending the consummation of
such sale; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"></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: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(vii)&#8239;&#8239;</FONT>restrictions
with respect to a Subsidiary of the Borrower imposed pursuant to an agreement that has been entered into in connection with the disposition
of all or substantially all of (x)&nbsp;the Equity Interests of such Subsidiary or (y)&nbsp;the assets of such Subsidiary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(j)&#8239;&#8239;&#8239;&#8239;</FONT><U>Limitation
on Issuance of Equity Interests</U>. Except as otherwise expressly permitted by this Agreement, issue or sell or enter into any agreement
or arrangement for the issuance and sale of, or permit any of its Subsidiaries to issue or sell or enter into any agreement or arrangement
for the issuance and sale of, any shares of its Equity Interests, any securities convertible into or exchangeable for its Equity Interests
or any warrants; <I>provided </I>that (A)&nbsp;the Borrower or any other Loan Party may issue Qualified Equity Interests to any other
Loan Party, any officer or director of a Loan Party, (B)&nbsp;Subsidiaries of the Borrower may issue additional Qualified Equity Interests
to other Subsidiaries or Loan Parties, so long as the requirements of <U>Section&nbsp;4</U> of the Security Agreement and/or <U>Section&nbsp;7.01(b)</U>,
if applicable (including as required by the Agreed Security Principles), with respect to the pledge and delivery of such Equity Interests
to the Collateral Agent are satisfied (C)&nbsp;the Borrower may, so long as permitted under the terms of the Subordination Agreement
and so long as no payment or bankruptcy Event of Default exists, issue at any time Qualified Equity Interests of Borrower to the Subordinated
Lender of the Subordinated Indebtedness permitted to be issued under clause (r)&nbsp;of the definition of Permitted Indebtedness in respect
of regularly scheduled payments of installments of principal and interest in connection with such Subordinated Indebtedness so long as
no Change of Control would result therefrom, and (D)&nbsp;the Borrower may issue or sell Qualified Equity Interests to any Person or
Persons so long as no Change of Control would result therefrom.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(k)&#8239;&#8239;&#8239;</FONT><U>Modifications
and Prepayments of Subordinated, Junior Lien and Unsecured Indebtedness, Amendments to Governing Documents; Certain other Changes</U>.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(i)&#8239;&#8239;&#8239;&#8239;</FONT>Amend,
modify or otherwise change (or permit the amendment, modification or other change in any manner of) any of the provisions of any of its
or its Subsidiaries&rsquo; Subordinated Indebtedness or any Redeemable Preferred Stock or of any instrument or agreement (including,
without limitation, any purchase agreement, indenture, loan agreement or security agreement) relating to any such Subordinated Indebtedness
or any Redeemable Preferred Stock if such amendment, modification or change would shorten the final maturity or average life to maturity
of, or require any payment to be made earlier than the date originally scheduled on, such Subordinated Indebtedness or any Redeemable
Preferred Stock, would increase the interest rate applicable to such Subordinated Indebtedness or any Redeemable Preferred Stock, would
change the subordination provision, if any, of such Subordinated Indebtedness or any Redeemable Preferred Stock, or would otherwise be
materially adverse to the Lenders in any 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"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(ii)&#8239;&#8239;&#8239;</FONT>except
for: (x)&nbsp;the Obligations; (y)&nbsp;any Indebtedness owing by a Subsidiary of a Loan Party to a Loan Party or to another
Subsidiary of a Loan Party if the obligor is not a Loan Party, make any voluntary or optional payment (including, without
limitation, any payment of interest in cash that, at the option of the issuer, may be paid in cash or in kind), prepayment,
redemption, defeasance, sinking fund payment or other acquisition for value of any of its or its Subsidiaries&rsquo; Subordinated
Indebtedness, senior or junior unsecured Indebtedness or junior lien secured Indebtedness or any Redeemable Preferred Stock
(including, without limitation, by way of depositing money or securities with the trustee therefor before the date required for the
purpose of paying any portion of such Indebtedness when due), or refund, refinance, replace or exchange any other Indebtedness for
any such Indebtedness (except to the extent such Indebtedness is otherwise expressly permitted by the definition of &ldquo;Permitted
Indebtedness&rdquo; or such transaction is a Permitted Refinancing (in each case other than with respect to any Redeemable Preferred
Stock)), make any payment, prepayment, redemption, defeasance, sinking fund payment or repurchase of any such Indebtedness in
violation of the subordination provisions thereof or any subordination or intercreditor agreement with respect thereto, or make any
payment, prepayment, redemption, defeasance, sinking fund payment or repurchase of any such Indebtedness as a result of any asset
sale, change of control, issuance and sale of debt or equity securities or similar event in violation of the subordination
provisions thereof or any subordination or intercreditor agreement with respect thereto; or (z)&nbsp;with respect to Subordinated
Indebtedness incurred under clause (r)&nbsp;of the definition of Permitted Indebtedness, make any voluntary or optional payment
(including, without limitation, any payment of interest in cash that, at the option of the issuer, may be paid in cash or in kind)
prepayment, redemption, defeasance, sinking fund payment or other acquisition for value thereof or refund, refinance, replace or
exchange any other Indebtedness for any such Indebtedness, except as expressly permitted under the terms of 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 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(iii)&#8239;&#8239;</FONT>amend,
modify or otherwise change its name, jurisdiction of formation or organization, as applicable, organizational identification number or
FEIN, except that a Loan Party or a Subsidiary of a Loan Party may (A)&nbsp;change its name, jurisdiction of formation or organization,
as applicable, organizational identification number or FEIN in connection with a transaction permitted by Section&nbsp;7.02(c)&nbsp;and
(B)&nbsp;change its name, jurisdiction of formation or organization, as applicable, organizational identification number or FEIN upon
at least ten (10)&nbsp;days&rsquo; (or such shorter period agreed to by the Administrative Agent) prior written notice by the Borrower
to the Administrative Agent of such change and so long as, at the time of such written notification, such Person provides all information
reasonably required in connection with financing statements or fixture filings necessary to perfect and continue perfected the Collateral
Agent&rsquo;s Liens; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(iv)&#8239;&#8239;</FONT>amend,
modify or otherwise change any of its Governing Documents, including, without limitation, by the filing or modification of any certificate
of designation, or any agreement or arrangement entered into by it, with respect to any of its Equity Interests (including any shareholders&rsquo;
agreement), or enter into any new agreement with respect to any of its Equity Interests, except any such amendments, modifications or
changes or any such new agreements or arrangements (excluding any amendments permitting a &ldquo;plan of division&rdquo; under the relevant
limited liability company statute of any state or any comparable transaction under any similar law) pursuant to this clause (iv)&nbsp;that
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 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(l)&#8239;&#8239;&#8239;&#8239;</FONT><U>Investment
Company Act of 1940</U>. Engage in any business, enter into any transaction, use any securities or take any other action or permit any
of its Subsidiaries to do any of the foregoing, that would cause it or any of its Subsidiaries to be required to register under the Investment
Company Act of 1940, as amended, by virtue of being an &ldquo;investment company&rdquo; not entitled to an exemption within the meaning
of such Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(m)&#8239;&#8239;</FONT><U>Properties</U>.
Permit any material portion of any property to become a fixture with respect to real property for which a Loan Party is a lessee under
the applicable lease agreement or to become an accession with respect to other personal property with respect to which real or personal
property the Collateral Agent does not have a valid and perfected first priority Lien (subject to Permitted Liens) or has not used commercially
reasonable efforts to obtain a written subordination or waiver in accordance with <U>Section&nbsp; 7.01(m)</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 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(n)&#8239;&#8239;&#8239;</FONT><U>ERISA</U>.
Except where any failure to comply could not reasonably be expected to result, either individually or in the aggregate, in a Material
Adverse Effect: (i)&nbsp;Engage, or permit any Subsidiary to engage, in any transaction described in Section&nbsp;4069 or 4212(c)&nbsp;of
ERISA; (ii)&nbsp;engage in any prohibited transaction described in Section&nbsp;406 of ERISA or Section&nbsp;4975 of the Internal Revenue
Code for which a statutory or class exemption is not available or a private exemption has not previously been obtained from the U.S.
Department of Labor; (iii)&nbsp;adopt any employee welfare benefit plan within the meaning of Section&nbsp;3(1)&nbsp;of ERISA that provides
health or welfare benefits to employees after termination of employment other than as required by Section&nbsp;4980B of the Internal
Revenue Code; (iv)&nbsp;fail to make any contribution or payment to any Multiemployer Plan that it may be required to make under any
agreement relating to such Multiemployer Plan, or any law pertaining thereto; or (v)&nbsp;fail, or permit any ERISA Affiliate to fail,
to pay any required installment or any other payment required under Section&nbsp;412 of the Internal Revenue Code on or before the due
date for such installment or other payment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(o)&#8239;&#8239;&#8239;</FONT><U>Environmental</U>.
Permit the use, handling, generation, storage, treatment, Release or disposal of Hazardous Materials at any property owned or leased
by it or any of its Subsidiaries, except in compliance in all material respects with Environmental 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 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(p)&#8239;&#8239;</FONT><U>Amendments
to Material Contracts</U>. Agree to any material amendment or other material change to or material waiver of any of its rights under
any Material Contract in any manner that, taken as whole, would be materially adverse to the interests of any Loan Party or 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 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(q)&#8239;&#8239;&#8239;</FONT><U>Limitations
on Negative Pledges</U>. Enter into, incur or permit to exist, or permit any Subsidiary to enter into, incur or permit to exist, directly
or indirectly, any agreement, instrument, deed, lease or other arrangement that prohibits, restricts or imposes any condition upon the
ability of any Loan Party or any Subsidiary of any Loan Party to create, incur or permit to exist any Lien (other than Permitted Liens)
in favor of the Agents or the Lenders upon any of its property or revenues, whether now owned or hereafter acquired, except the following:
(i)&nbsp;this Agreement, the other Loan Documents, and any other agreement or document evidencing Subordinated Indebtedness; (ii)&nbsp;restrictions
or conditions imposed by any agreement relating to secured Indebtedness permitted by <U>Section&nbsp;7.02(b)</U>&nbsp;of this Agreement
or that expressly permits Liens for the benefit of the Lenders and the Agents with respect to the Term Loans and the Obligations under
the Loan Documents on a senior basis without the requirement that such holders of such Indebtedness be secured by such Liens on an equal
and ratable basis; (iii)&nbsp;arise pursuant to applicable Requirements of Law, or arise in connection with any Disposition permitted
by <U>Section&nbsp;7.02(c)</U>&nbsp;and is applicable solely to the property subject to such Disposition; (iv)&nbsp;customary restrictions
in leases, subleases, licenses or asset sale agreements otherwise permitted hereby so long as such restrictions only relate to the assets
subject thereto; (v)&nbsp;Liens approved in writing by the Required Lenders that are incurred or assumed in connection with a Permitted
Acquisition; and (vi)&nbsp;customary provisions restricting assignment or transfer contained in any permit or license, issued by a Governmental
Authority.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(r)&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Anti-Money
Laundering and Anti-Terrorism Laws</U>.</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(i)&#8239;&#8239;&#8239;</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">None of the Loan Parties or their Subsidiaries or agents, shall:</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.75in"><FONT STYLE="color: #010000">(A)&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>conduct
any business or engage in any transaction or dealing with or for the benefit of any Sanctioned Person, including the making or receiving
of any contribution of funds, goods or services to, from or for the benefit of any Sanctioned Person in violation of any of the Anti-Money
Laundering and Anti-Terrorism Laws;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(B)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>deal
in, or otherwise engage in any transaction relating to, any property or interests in property blocked or subject to blocking pursuant
to the OFAC Sanctions Programs in violation of any of the Anti-Money Laundering and Anti-Terrorism Laws;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(C)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>use
any of the proceeds of the transactions contemplated by this Agreement to finance, promote or otherwise support in any manner (i)&nbsp;any
Sanctioned Person or (ii)&nbsp;any illegal activity, including, without limitation, any violation of the Anti-Money Laundering and Anti-Terrorism
Laws or any specified unlawful activity as that term is defined in the Money Laundering Control Act of 1986, 18 U.S.C. &sect;&sect; 1956
and 1957; or</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.75in"><FONT STYLE="color: #010000">(D)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>violate,
attempt to violate, or engage in or conspire to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding,
any of the Anti-Money Laundering and Anti-Terrorism Laws.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(ii)&#8239;&#8239;&#8239;</FONT>None
of the Loan Parties, nor any Subsidiary of any of the Loan Parties, nor any officer, director or principal shareholder or owner of any
of the Loan Parties, nor any of the Loan Parties&rsquo; respective agents acting or benefiting in any capacity in connection with the
Term Loans or other transactions hereunder, shall be or shall become a Sanctioned Person.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(s)&#8239;&#8239;&#8239;</FONT><U>Anti-Bribery
and Anti-Corruption Laws</U>. None of the Loan Parties shall offer, promise, pay, give, or authorize the payment or giving of any money,
gift or other thing of value, directly or indirectly, to or for the benefit of any foreign official for the purpose of: (1)&nbsp;influencing
any act or decision of such foreign official in his, her, or its official capacity; or (2)&nbsp;inducing such foreign official to do,
or omit to do, an act in violation of the lawful duty of such foreign official, or (3)&nbsp;securing any improper advantage, in order
to obtain or retain business for, or with, or to direct business to, any 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 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(t)&#8239;&#8239;&#8239;</FONT><U>Accounting
Methods</U>. Significantly modify or change, or permit any of its Subsidiaries to significantly modify or change, its method of accounting
or accounting principles from those utilized in the preparation of the Financial Statements (other than as may be required to conform
to 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 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: red"><STRIKE>(u)&#8239;&#8239;<U>Annex
I Conditions</U>. Fail to comply with any of the provisions, conditions and/or requirements set forth in Annex 1 hereto.</STRIKE></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;7.03&#8239;&#8239;
</FONT><U>Financial Covenants</U>. So long as any principal of or interest on any Term Loan or any other Obligation (whether or not due,
but excluding unasserted contingent indemnification Obligations) shall remain unpaid or any Lender shall have any Commitment hereunder,
each Loan Party shall not, unless the Required Lenders shall otherwise consent in writing:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in; color: red"><U><STRIKE>(a)</STRIKE></U>&#8239;&#8239;&#8239;&#8239;&#8239;<U><STRIKE>Senior
Leverage Ratio. Commencing with the fiscal quarter ending December&nbsp;31, 2021, permit the Senior Leverage Ratio of the Loan Parties
(on a consolidated basis) for each period of four (4)&nbsp;consecutive fiscal quarters (each a &ldquo;Test Period&rdquo;) of the Loan
Parties (on a consolidated basis) to be greater than the ratio set opposite such Test Period below:</STRIKE></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; text-align: justify; margin: 0pt 0 0pt 0.25in; text-indent: 1in; color: blue"><FONT STYLE="text-decoration: underline double; color: blue"><U>(a)</U></FONT>&#8239;&#8239;<FONT STYLE="text-decoration: underline double; color: blue"><U>Minimum
Consolidated Adjusted EBITDA. As of the last day of each period listed in the table below, commencing with the Fiscal Month ending January&nbsp;31,
2026, Loan Parties will not permit Consolidated Adjusted EBITDA as of the Testing Period then ended to be less than the corresponding
amount set forth in the table below:</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center; border: #010101 1pt solid; padding-bottom: 5pt; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: red"><B><STRIKE>Test</STRIKE></B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">Testing</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif">Period <FONT STYLE="color: red"><B><STRIKE>Ended</STRIKE></B></FONT></FONT></TD>
    <TD STYLE="border-top: #010101 1pt solid; padding-bottom: 5pt; border-right: #010101 1pt solid; border-bottom: #010101 1pt solid; text-align: center; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: red"><B><STRIKE>Senior Leverage<BR>
</STRIKE>&nbsp;<STRIKE>Ratio</STRIKE></B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">Consolidated Adjusted <BR>
EBITDA</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #010101 1pt solid; padding-bottom: 5pt; width: 33%; border-bottom: #010101 1pt solid; border-left: #010101 1pt solid; background-color: #E6E6F9; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">Last Three Month Ending</FONT></TD>
    <TD STYLE="border-right: #010101 1pt solid; padding-bottom: 5pt; width: 34%; border-bottom: #010101 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">March&nbsp;31, <FONT STYLE="color: red"><STRIKE>2022</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">2026</FONT></FONT></TD>
    <TD STYLE="border-right: #010101 1pt solid; padding-bottom: 5pt; width: 33%; border-bottom: #010101 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: red"><STRIKE>2.75:1.00</STRIKE></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">$1,940,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #E6E6F9">
    <TD STYLE="border-right: #010101 1pt solid; padding-bottom: 5pt; border-bottom: #010101 1pt solid; border-left: #010101 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">Last Four Fiscal Months Ending</FONT></TD>
    <TD STYLE="border-right: #010101 1pt solid; padding-bottom: 5pt; border-bottom: #010101 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">April&nbsp;30, 2026</FONT></TD>
    <TD STYLE="border-right: #010101 1pt solid; padding-bottom: 5pt; border-bottom: #010101 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">$1,374,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #E6E6F9">
    <TD STYLE="border-right: #010101 1pt solid; padding-bottom: 5pt; border-bottom: #010101 1pt solid; border-left: #010101 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">Last Five Fiscal Months Ending</FONT></TD>
    <TD STYLE="border-right: #010101 1pt solid; padding-bottom: 5pt; border-bottom: #010101 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">May&nbsp;31, 2026</FONT></TD>
    <TD STYLE="border-right: #010101 1pt solid; padding-bottom: 5pt; border-bottom: #010101 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">$1,495,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #010101 1pt solid; padding-bottom: 5pt; border-bottom: #010101 1pt solid; border-left: #010101 1pt solid; background-color: #E6E6F9; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">Last Six Fiscal Months Ending</FONT></TD>
    <TD STYLE="border-right: #010101 1pt solid; padding-bottom: 5pt; border-bottom: #010101 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">June&nbsp;30, <FONT STYLE="color: red"><STRIKE>2022</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">2026</FONT></FONT></TD>
    <TD STYLE="border-right: #010101 1pt solid; padding-bottom: 5pt; border-bottom: #010101 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: red"><STRIKE>4.20:1.00</STRIKE></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">$3,137,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #E6E6F9">
    <TD STYLE="border-right: #010101 1pt solid; padding-bottom: 5pt; border-bottom: #010101 1pt solid; border-left: #010101 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">Last Seven Fiscal Months Ending</FONT></TD>
    <TD STYLE="border-right: #010101 1pt solid; padding-bottom: 5pt; border-bottom: #010101 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">July&nbsp;31, 2026</FONT></TD>
    <TD STYLE="border-right: #010101 1pt solid; padding-bottom: 5pt; border-bottom: #010101 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">$3,568,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #E6E6F9">
    <TD STYLE="border-right: #010101 1pt solid; padding-bottom: 5pt; border-bottom: #010101 1pt solid; border-left: #010101 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">Last Eight Fiscal Months Ending</FONT></TD>
    <TD STYLE="border-right: #010101 1pt solid; padding-bottom: 5pt; border-bottom: #010101 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">August&nbsp;31, 2026</FONT></TD>
    <TD STYLE="border-right: #010101 1pt solid; padding-bottom: 5pt; border-bottom: #010101 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">$4,363,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #010101 1pt solid; padding-bottom: 5pt; border-bottom: #010101 1pt solid; border-left: #010101 1pt solid; background-color: #E6E6F9; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">Last Nine Fiscal Months Ending</FONT></TD>
    <TD STYLE="border-right: #010101 1pt solid; padding-bottom: 5pt; border-bottom: #010101 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">September&nbsp;30, <FONT STYLE="color: red"><STRIKE>2022</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">2026</FONT></FONT></TD>
    <TD STYLE="border-right: #010101 1pt solid; padding-bottom: 5pt; border-bottom: #010101 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: red"><STRIKE>3.90:1.00</STRIKE></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">$5,457,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #010101 1pt solid; border-bottom: #010101 1pt solid; border-left: #010101 1pt solid; background-color: #E6E6F9; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">Last Ten Fiscal Months</FONT></TD>
    <TD STYLE="border-right: #010101 1pt solid; border-bottom: #010101 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: red"><STRIKE>December</STRIKE></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">October</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;31,</FONT></TD>
    <TD STYLE="border-right: #010101 1pt solid; border-bottom: #010101 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: red"><STRIKE>2.80:1.00</STRIKE></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">$4,148,000</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <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 CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center; padding-bottom: 5pt; border: #010101 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: red"><B><STRIKE>Test</STRIKE></B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">Testing</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif">Period <FONT STYLE="color: red"><B><STRIKE>Ended</STRIKE></B></FONT></FONT></TD>
    <TD STYLE="padding-bottom: 5pt; border-top: #010101 1pt solid; border-right: #010101 1pt solid; border-bottom: #010101 1pt solid; text-align: center; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: red"><B><STRIKE>Senior
Leverage <BR>
Ratio</STRIKE></B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">Consolidated
Adjusted<BR>
 EBITDA</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 5pt; width: 33%; border-right: #010101 1pt solid; border-bottom: #010101 1pt solid; border-left: #010101 1pt solid; background-color: #E6E6F9; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">Ending</FONT></TD>
    <TD STYLE="padding-bottom: 5pt; width: 34%; border-bottom: #010101 1pt solid; border-right: #010101 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: red"><STRIKE>2022</STRIKE></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">2026</FONT></TD>
    <TD STYLE="padding-bottom: 5pt; width: 33%; border-bottom: #010101 1pt solid; border-right: #010101 1pt solid; padding-left: 3pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 5pt; border-right: #010101 1pt solid; border-bottom: #010101 1pt solid; border-left: #010101 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: red"><STRIKE>March&nbsp;31, 2023</STRIKE></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 5pt; border-right: #010101 1pt solid; border-bottom: #010101 1pt solid; text-align: center; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: red"><STRIKE>2.50:1.00</STRIKE></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 5pt; border-right: #010101 1pt solid; border-bottom: #010101 1pt solid; border-left: #010101 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: red"><STRIKE>June&nbsp;30, 2023</STRIKE></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 5pt; border-right: #010101 1pt solid; border-bottom: #010101 1pt solid; text-align: center; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: red"><STRIKE>2.75:1.00</STRIKE></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 5pt; border-right: #010101 1pt solid; border-bottom: #010101 1pt solid; border-left: #010101 1pt solid; background-color: #E6E6F9; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">Last Eleven Fiscal Months Ending</FONT></TD>
    <TD STYLE="padding-bottom: 5pt; border-right: #010101 1pt solid; border-bottom: #010101 1pt solid; padding-left: 3pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt"><FONT STYLE="color: red"><STRIKE>September</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">November</FONT>&nbsp;30, <FONT STYLE="color: red"><STRIKE>2023</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">2026</FONT></P></TD>
    <TD STYLE="padding-bottom: 5pt; border-right: #010101 1pt solid; border-bottom: #010101 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: red"><STRIKE>2.75:1.00</STRIKE></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">$3,845,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 5pt; border-right: #010101 1pt solid; border-bottom: #010101 1pt solid; border-left: #010101 1pt solid; background-color: #E6E6F9; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">Trailing Twelve Month Period Ending</FONT></TD>
    <TD STYLE="padding-bottom: 5pt; border-right: #010101 1pt solid; border-bottom: #010101 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">December&nbsp;31, <FONT STYLE="color: red"><STRIKE>2023</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">2026</FONT></FONT></TD>
    <TD STYLE="padding-bottom: 5pt; border-right: #010101 1pt solid; border-bottom: #010101 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: red"><STRIKE>2.50:1.00</STRIKE></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">$4,897,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #E6E6F9">
    <TD STYLE="padding-bottom: 5pt; border-right: #010101 1pt solid; border-bottom: #010101 1pt solid; border-left: #010101 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">Trailing Twelve Month Period Ending</FONT></TD>
    <TD STYLE="padding-bottom: 5pt; border-right: #010101 1pt solid; border-bottom: #010101 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">January&nbsp;31, 2027</FONT></TD>
    <TD STYLE="padding-bottom: 5pt; border-right: #010101 1pt solid; border-bottom: #010101 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">$5,000,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #E6E6F9">
    <TD STYLE="padding-bottom: 5pt; border-right: #010101 1pt solid; border-bottom: #010101 1pt solid; border-left: #010101 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">Trailing Twelve Month Period Ending</FONT></TD>
    <TD STYLE="padding-bottom: 5pt; border-right: #010101 1pt solid; border-bottom: #010101 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">February&nbsp;28, 2027</FONT></TD>
    <TD STYLE="padding-bottom: 5pt; border-right: #010101 1pt solid; border-bottom: #010101 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">$5,000,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 5pt; border-right: #010101 1pt solid; border-bottom: #010101 1pt solid; border-left: #010101 1pt solid; background-color: #E6E6F9; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">Trailing Twelve Month Period Ending</FONT></TD>
    <TD STYLE="padding-bottom: 5pt; border-right: #010101 1pt solid; border-bottom: #010101 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">March&nbsp;31, <FONT STYLE="color: red"><STRIKE>2024</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">2027</FONT></FONT></TD>
    <TD STYLE="padding-bottom: 5pt; border-right: #010101 1pt solid; border-bottom: #010101 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: red"><STRIKE>6.00:1.00</STRIKE></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; text-decoration: underline double; color: blue">$5,000,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 5pt; border-right: #010101 1pt solid; border-bottom: #010101 1pt solid; border-left: #010101 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: red"><STRIKE>June&nbsp;30, 2024</STRIKE></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 5pt; border-right: #010101 1pt solid; border-bottom: #010101 1pt solid; text-align: center; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: red"><STRIKE>2.00:1.00</STRIKE></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #010101 1pt solid; border-bottom: #010101 1pt solid; border-left: #010101 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: red"><STRIKE>September&#9;30,&#9;2024&#9;and&nbsp;&nbsp;thereafter</STRIKE></FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: #010101 1pt solid; border-bottom: #010101 1pt solid; text-align: center; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: red"><STRIKE>1.75:1.00</STRIKE></FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="text-decoration: underline double; color: blue">(b)</FONT>&nbsp;&nbsp;&nbsp;<FONT STYLE="color: red"><STRIKE>(b)</STRIKE>&#8239;&#8239;&#8239;</FONT><U>Minimum
Liquidity</U>. At all times, on and after the Effective Date, Qualified Cash shall not be less than: (i)&nbsp;until July&nbsp;31,
2022, $1,000,000, (ii)&nbsp;from and after August&nbsp;1, 2022 and until March&nbsp;31, 2023, $4,000,000, (iii)&nbsp;from and after
April&nbsp;1, 2023 and until May&nbsp;31, 2023, $1,000,000, (iv)&nbsp;from and after June&nbsp;1, 2023 and until February&nbsp;29,
2024, $4,000,000, (v)&nbsp;from and after March&nbsp;1, 2024 and
until September&nbsp;30, 2024, $1,000,000, (vi)&nbsp;from and after October&nbsp;1, 2024 and until December&nbsp;31, 2024,
$2,000,000<FONT STYLE="color: red"><STRIKE> and</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">,</FONT> (vii)&nbsp;from and after
January&nbsp;1, 2025<FONT STYLE="text-decoration: underline double; color: blue"> and until the Eleventh Amendment Effective
Date</FONT>, $1,000,000<FONT STYLE="text-decoration: underline double; color: blue"> and (viii)&nbsp;from and after the Eleventh
Amendment Effective Date, $1,500,000</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-top: 0pt; margin-bottom: 0pt; text-align: center; color: #010000"><B>ARTICLE&nbsp;VIII</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-top: 0pt; margin-bottom: 0pt; text-align: center"><B>CASH MANAGEMENT AND OTHER COLLATERAL MATTERS</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 0in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;8.01&#8239;&#8239;&#8239;</FONT><U>Cash
Management Arrangements</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 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)&#8239;&#8239;&#8239;</FONT>Subject
to <U>clause (d)</U>&nbsp;below, the Loan Parties shall establish and maintain cash management services of a type that is substantially
consistent with past practice or on terms reasonably satisfactory to the Collateral Agent at one or more of the banks (each a &ldquo;<U>Cash
Management Bank</U>&rdquo;) solely in connection with the Cash Management Accounts.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)&#8239;&#8239;&#8239;</FONT>Subject
to <U>Section&nbsp;7.01(s)</U>, the Loan Parties shall with respect to each Cash Management Account (other than an Excluded Account),
deliver to the Collateral Agent a shifting Account Control Agreement with respect to such Cash Management Account; <I>provided </I>that
(i)&nbsp;an Account Control Agreement with Kitsap Bank for Boxlight,&nbsp;Inc. shall be provided by April&nbsp;15, 2022, (ii)&nbsp;an
Account Control Agreement for FrontRow Calypso with Nordea Bank shall be provided by April&nbsp;30, 2022 and (iii)&nbsp;the Collateral
Agent may, in its discretion, waive such requirements to take into account local law in Belgium and other jurisdictions to be mutually
agreed. At all times prior to the occurrence of an Event of Default, the Loan Parties shall have full access to the cash on deposit in
the Cash Management Accounts, and the Collateral Agent agrees not to deliver a control notice or take any other action to control the
Cash Management Accounts unless and until an Event of Default has occurred and is continuing. The Collateral Agent further agrees that
if an Event of Default is waived by the Required Lenders, the Collateral Agent shall provide notice to the Cash Management Bank and take
all other commercially reasonable actions necessary to revert control of such Cash Management Accounts to the Loan Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)&#8239;&#8239;&#8239;</FONT>Upon
the terms and subject to the conditions set forth in an Account Control Agreement with respect to a Cash Management Account, all amounts
received in such Cash Management Account shall at the Administrative Agent&rsquo;s direction (which shall be at the direction of the Required
Lenders) be wired each Business Day into the Administrative Agent&rsquo;s Account, except that, so long as no Event of Default has occurred
and is continuing, the Administrative Agent (and the Required Lenders) will not direct the Cash Management Bank to transfer funds in such
Cash Management Account to the Administrative Agent&rsquo;s Account.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(d)&#8239;&#8239;</FONT>So
long as no Default or Event of Default has occurred and is continuing, the Borrower may add or replace a Cash Management Bank or Cash
Management Account; <I>provided, however</I>, that concurrently with the date of the opening of such Cash Management Account, each Loan
Party and such prospective Cash Management Bank shall have executed and delivered to the Collateral Agent an Account Control Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="color: #010000"><B>ARTICLE&nbsp;IX</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="color: #010000"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="color: #010000"><B></B></FONT><B>EVENTS OF DEFAULT</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 0in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;9.01&#8239;&#8239;&#8239;</FONT><U>Events
of Default</U>. If any of the following Events of Default shall occur and be continuing:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)&#8239;&#8239;&#8239;</FONT>any
Loan Party shall fail to pay (i)&nbsp;any principal of any Term Loan when due (whether by scheduled maturity, required prepayment,
acceleration, demand or otherwise), or (ii)&nbsp;any interest on any Term Loan or any fee, indemnity or other amount payable under
this Agreement or any other Loan Document when due (whether by scheduled maturity, required prepayment, acceleration, demand or
otherwise) and such failure to pay any amount described in clause (ii)&nbsp;shall continue for three (3)&nbsp;Business Days;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)&#8239;&#8239;</FONT>any
representation or warranty made or deemed made by or on behalf of any Loan Party or by any officer of the foregoing under or in connection
with any Loan Document or under or in connection with any report, certificate or other document delivered to any Agent or any Lender pursuant
to any Loan Document, which representation or warranty is subject to a materiality or a Material Adverse Effect qualification, shall have
been incorrect in any respect when made or deemed made; or any representation or warranty made by any Loan Party or by any officer of
the foregoing under or in connection with any Loan Document or under or in connection with any report, certificate or other document delivered
to any Agent or any Lender pursuant to any Loan Document, which representation or warranty is not subject to a materiality or a Material
Adverse Effect qualification, shall have been incorrect in any material respect when made;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(c)&#8239;&#8239;</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">any Loan Party shall fail to perform or comply with<FONT STYLE="text-decoration: underline double; color: blue">:</FONT></FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1.5in"><FONT STYLE="text-decoration: underline double; color: blue">(i)</FONT>&#8239;&#8239;<FONT STYLE="color: red"><STRIKE>(i)&nbsp;</STRIKE></FONT>any
covenant or agreement contained in Article&nbsp;III, subsections (a)(other than clause (xvii)&nbsp;thereof), (d)&nbsp;(with respect to
the Loan Parties), (c), (d)&nbsp;(solely with respect to preservation of existence), (f), (h), (k), (n), (o), (p), (s)&nbsp;(t), (u),
(v), (x)<FONT STYLE="color: red"><STRIKE>&nbsp;and</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">,</FONT> (y)<FONT STYLE="text-decoration: underline double; color: blue">,
(aa) and (bb) (including because of the failure of the Borrower and/or any member of its Board of Directors to (w)&nbsp;permit the Board
Designee to participate as a full member of the Borrower&rsquo;s Board of Directors prior to the next scheduled annual meeting, (x)&nbsp;permit
any board observer to attend and/or participate in meetings of Board of Directors or any committee thereof (except as permitted by Section&nbsp;7.01(aa),
(y)&nbsp;nominate the Board Designee that is reasonably acceptable to the Administrative Agent and/or (z)&nbsp;recommend and vote in
favor of the Board Designee to become a member of the Borrower&rsquo;s Board of Directors)</FONT> of <U>Section&nbsp;7.01</U>, or any
covenant or agreement contained in Section&nbsp;7.02, Section&nbsp;7.03 or ARTICLE&nbsp;VIII<FONT STYLE="color: red"><STRIKE>, </STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="text-decoration: underline double; color: blue">(ii)</FONT>&#8239;&#8239;&#8239;<FONT STYLE="color: red"><STRIKE>(ii)&nbsp;</STRIKE></FONT>any
covenant or agreement contained in subsection (a)(xvii)&nbsp;of <U>Section&nbsp;7.01</U>, and such failure, if capable of being remedied,
shall remain unremedied for a period of three (3)&nbsp;days after the occurrence of such failure<FONT STYLE="color: red"><STRIKE>, </STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="text-decoration: underline double; color: blue">(iii)</FONT>&#8239;&#8239;<FONT STYLE="color: red"><STRIKE>(iii)&nbsp;</STRIKE></FONT>any
covenant or agreement contained in subsection (z)&nbsp;of <U>Section&nbsp;7.01</U>, and such failure, if capable of being remedied, shall
remain unremedied for a period of five (5)&nbsp;days after the occurrence of such failure <FONT STYLE="color: red"><STRIKE>or </STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="text-decoration: underline double; color: blue">(iv)</FONT>&#8239;&#8239;<FONT STYLE="color: red"><STRIKE>(iv)&nbsp;</STRIKE></FONT>any
covenant or agreement contained in subsections (b), (l)&nbsp;and (q)&nbsp;of <U>Section&nbsp;7.01</U>, and such failure, if capable of
being remedied, shall remain unremedied for a period of fifteen (15) Business Days after the occurrence of such failure;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(d)&#8239;&#8239;</FONT>any
Loan Party shall fail to perform or comply with any other term, covenant or agreement contained in any Loan Document to be performed or
observed by it and, except as set forth in subsections (a), (b)&nbsp;and (c)&nbsp;of this <U>Section&nbsp;9.01</U>, such failure, if capable
of being remedied, shall remain unremedied for thirty (30) days;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(e)&#8239;&#8239;&#8239;</FONT>any
Loan Party shall fail to pay any of its Indebtedness (excluding Indebtedness evidenced by this Agreement) having an aggregate
principal amount outstanding in excess of $500,000 (plus any applicable interest and legal costs and expenses incurred in connection
therewith), or any payment of principal, interest or premium thereon, when due (whether by scheduled maturity, required prepayment,
acceleration, demand or otherwise) and such failure shall continue after the applicable grace or cure period, if any, specified in
the agreement or instrument relating to such Indebtedness, or any other default under any agreement or instrument relating to any
such Indebtedness, or any other event, shall occur and shall continue after the applicable grace period, if any, specified in such
agreement or instrument, if the effect of such default or event is to accelerate, or to permit the acceleration of, the maturity of
such Indebtedness; or any such Indebtedness shall be declared to be due and payable, or required to be prepaid (other than by a
regularly scheduled required prepayment), redeemed, purchased or defeased or an offer to prepay, redeem, purchase or defease such
Indebtedness shall be required to be made, in each case, prior to the stated maturity thereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(f)&#8239;&#8239;&#8239;</FONT>any
Loan Party (i)&nbsp;shall institute any proceeding or voluntary case seeking to adjudicate it a bankrupt or insolvent, or seeking dissolution,
liquidation, winding up, reorganization, arrangement, adjustment, protection, relief or composition of it or its debts under any law relating
to bankruptcy, insolvency, reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver,
trustee, custodian, restructuring official (herstructureringsdeskundige), observer (observator), administrator (bewindvoerder) or other
similar official for any such Person or for any substantial part of its property, (ii)&nbsp;shall be generally not paying its debts as
such debts become due or shall admit in writing its inability to pay its debts generally, (iii)&nbsp;shall make a general assignment for
the benefit of creditors, or (iv)&nbsp;shall take any action to authorize or effect any of the actions set forth above in this subsection
(f);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(g)&#8239;&#8239;</FONT>any
proceeding shall be instituted against any Loan Party seeking to adjudicate it a bankrupt or insolvent, or seeking dissolution, liquidation,
winding up, reorganization, arrangement, adjustment, protection, relief of debtors, or seeking the entry of an order for relief or the
appointment of a receiver, trustee, custodian, restructuring official (herstructureringsdeskundige), observer (observator), administrator
(bewindvoerder) or other similar official for any such Person or for any substantial part of its property, and either such proceeding
shall remain undismissed or unstayed for a period of sixty (60) days or any of the actions sought in such proceeding (including, without
limitation, the entry of an order for relief against any such Person or the appointment of a receiver, trustee, custodian or other similar
official for it or for any substantial part of its property) shall occur;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(h)&#8239;&#8239;</FONT>any
material provision of any Loan Document shall at any time for any reason (other than pursuant to the express terms thereof) cease to be
valid and binding on or enforceable against any Loan Party intended to be a party thereto, or the validity or enforceability thereof shall
be contested by any Loan Party that is a party thereto, or a proceeding shall be commenced by any such Loan Party or any Governmental
Authority having jurisdiction over any of them, seeking to establish the invalidity or unenforceability thereof, or any Loan Party shall
deny in writing that it has any liability or obligation purported to be created 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"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(i)&#8239;&#8239;&#8239;&#8239;</FONT>any
Security Document, any mortgage, deed of trust or any other security document, after delivery thereof pursuant hereto, shall for any reason
(other than release by the Collateral Agent pursuant to the terms hereof or thereof) fail or cease to create a valid and perfected and,
except to the extent permitted by the terms hereof or thereof, first priority Lien in favor of the Collateral Agent for the benefit of
the Agents and the Lenders on any Collateral with a fair market value of more than $500,000 in the aggregate purported 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 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(j)&#8239;&#8239;&#8239;&#8239;</FONT>one
or more judgments, orders or awards (or any settlement of any litigation or other proceeding that, if breached, could without further
action by any court result in a judgment, order or award) for the payment of money exceeding $500,000 in the aggregate, shall be rendered
against any Loan Party and remain unpaid, undischarged or unsatisfied and either (i)&nbsp;enforcement proceedings shall have been commenced
by any creditor upon any such judgment, order, award or settlement, (ii)&nbsp;there shall be a period of thirty (30) consecutive days
after entry thereof during which a stay of enforcement of any such judgment, order, award or settlement, by reason of a pending appeal
or otherwise, shall not be in effect, or (iii)&nbsp;at any time during which a stay of enforcement of any such judgment, order, award
or settlement, by reason of a pending appeal or otherwise, is in effect, such judgment, order, award or settlement is not bonded in the
full amount of such judgment, order, award or settlement; <I>provided, however</I>, that any such judgment, order, award or settlement
shall not give rise to an Event of Default under this subsection (k)&nbsp;if and for so long as (A)&nbsp;the amount of such judgment,
order, award or settlement is covered by a valid and binding policy of insurance between the defendant and the insurer covering full payment
thereof (other than any deductible) or an amount sufficient to lower the exposure below $500,000 and (B)&nbsp;such insurer has been notified,
and has not disputed the claim made for payment, of the amount of such judgment, order, award or settlement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(k)&#8239;&#8239;&#8239;</FONT>any
Loan Party is enjoined, restrained or in any way prevented by the order of any court or any Governmental Authority from conducting all
or any material part of its business for more than thirty (30) consecutive days if such injunction, restraint or other prevention would
reasonably be expected to result in a Material Adverse Effect;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(l)&#8239;&#8239;&#8239;&#8239;</FONT>the
loss, suspension or revocation of, or failure to renew, any material license or material permit now held or hereafter acquired by any
Loan Party, if such loss, suspension, revocation or failure to renew would reasonably be expected to have a Material Adverse Effect and
shall not be regained or renewed within fifteen (15) Business Days of its loss, suspension, revocation or failure to renew;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(m)&#8239;&#8239;</FONT>the
indictment, of any Loan Party under any criminal statute, or commencement of criminal or civil proceedings against any Loan Party, pursuant
to which statute or proceedings the penalties or remedies sought or available include forfeiture to any Governmental Authority of any
material portion of the Collateral of such Person if such criminal or civil proceedings would 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 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(n)&#8239;&#8239;</FONT>any
Loan Party or any of its ERISA Affiliates shall have made a complete or partial withdrawal from a Multiemployer Plan (as such term
is defined in Part&nbsp;I of Subtitle E of Title IV of ERISA), and, as a result of such complete or partial withdrawal, any Loan
Party is reasonably expected to be required to pay a withdrawal liability in an annual amount exceeding $500,000 in the aggregate;
or a Multiemployer Plan enters &ldquo;endangered&rdquo; or &ldquo;critical&rdquo; status under Section&nbsp;305 of ERISA or is
declared &ldquo;insolvent&rdquo; within the meaning of Section&nbsp;4245 of ERISA, and, as a result thereof any Loan Party is
reasonably expected to be required to pay annual contributions with respect to such Multiemployer Plan in an annual amount exceeding
$500,000 in the aggregate;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(o)&#8239;&#8239;</FONT>any
Termination Event with respect to any Employee Plan shall have occurred, and, thirty (30) days thereafter, (i)&nbsp;such Termination
Event (if correctable) shall not have been corrected, and (ii)&nbsp;the then current value of such Employee Plan&rsquo;s vested
benefits exceeds the then current value of assets allocable to such benefits in such Employee Plan by more than $500,000 in the
aggregate (or, in the case of a Termination Event involving liability under Section&nbsp;409, 502(i), 502(l), 515, 4062, 4063, 4064,
4069, 4201, 4204 or 4212 of ERISA or Section&nbsp;4971 or 4975 of the Internal Revenue Code, the liability is in excess of such
amount) and, in the case of clauses (i)&nbsp;or (ii), any Loan Party is reasonably expected to be required to fund or pay 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 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(p)</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;a Change of Control shall have occurred;</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(q)&#8239;</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the Borrower shall have been delisted as a public company;</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(r)&#8239;&#8239;&#8239;</FONT>any
written information contained in any Borrowing Base Certificate is untrue or incorrect in any respect (other than errors not exceeding
$250,000 in the aggregate in any Borrowing Base Certificate);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(s)&#8239;&#8239;&#8239;</FONT>(i)&nbsp;there
shall occur and be continuing any &ldquo;Event of Default&rdquo; (or any comparable term) under, and as defined in the documents evidencing
or governing any Subordinated Indebtedness or any Redeemable Preferred Stock, (ii)&nbsp;any of the Obligations for any reason shall cease
to be &ldquo;Senior Indebtedness&rdquo; (or any comparable terms) under, and as defined in the documents evidencing or governing any Subordinated
Indebtedness, (iii)&nbsp;any Indebtedness other than the Obligations shall constitute &ldquo;Senior Indebtedness&rdquo; (or any comparable
term) under, and as defined in, the documents evidencing or governing any Subordinated Indebtedness, (iv)&nbsp;any holder of Subordinated
Indebtedness shall fail to perform or comply with any of the subordination provisions of the documents evidencing or governing such Subordinated
Indebtedness, or (v)&nbsp;the subordination provisions of the documents evidencing or governing any Subordinated Indebtedness shall, in
whole or in part, terminate, cease to be effective or cease to be legally valid, binding and enforceable against any holder of the applicable
Subordinated Indebtedness;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(t)&#8239;&#8239;&#8239;</FONT>the
Borrower shall have been in breach of any of its covenants, representations and warranties and obligations under the Warrant;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(u)&#8239;&#8239;</FONT>any
Loan Party shall have been in breach of any of its material covenants, representations, warranties or obligations under the Financial
Advisor Engagement Letter;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(v)&#8239;&#8239;</FONT>(A)&nbsp;the
Loan Parties fail to seek and/or receive approval of the Unapproved Budget from Required Lenders and/or (B)&nbsp;the Loan Parties
fail to comply with the Approved Budget (subject to the then applicable permitted variance threshold as provided in
Section&nbsp;7.01(a)(xviii)), which is 10% per line item and 15% on a cumulative basis) (without the Required Lenders prior written
consent) at any time; <FONT STYLE="color: red"><STRIKE>or</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue"><I>provided </I>that
with respect to sub clause (B), either the Agents or the Required Lenders shall be required to provide a notice of Event of Default
on or prior to the date of delivery of the next update to the Approved Budget in accordance with
Section&nbsp;7.01(a)(xviii)(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"></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: 1in"><FONT STYLE="color: #010000">(w)&#8239;&#8239;</FONT>the
Loan Parties make, or permit the making of, any payment in cash, Cash Equivalents and/or Equity Interest on or with respect to any Subordinated
Indebtedness or any of the Redeemable Preferred Stock, whether on account of principal, interest, sinking fund or otherwise or make or
permit any repurchase, redemption, retirement, defeasance, sinking fund or similar payment, purchase or other acquisition for value, direct
or indirect, in each case, of any Subordinated Indebtedness or any of the Redeemable Preferred Stock<FONT STYLE="color: red">.</FONT><FONT STYLE="text-decoration: underline double; color: blue">;</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; text-align: justify; margin: 0pt 0 0pt 0.25in; text-indent: 1in"><FONT STYLE="text-decoration: underline double; color: blue">(x)</FONT>&#8239;&#8239;&#8239;<FONT STYLE="text-decoration: underline double; color: blue">the
Key Management Employee (other than resulting from an act of god <U>(such as death or disability)) is no longer employed and/or does not
perform significant functions and duties that are devoted to the benefit of Loan Parties&rsquo; business substantially similar to the
functions and duties being performed by such Key Management Employee on the Eleventh Amendment Effective Date), unless there is a replacement
reasonably satisfactory to Administrative Agent within thirty (30) days of occurrence of such event; or</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0 0pt 0.25in; text-indent: 1in"><FONT STYLE="text-decoration: underline double; color: blue">(y)</FONT>&#8239;&#8239;<FONT STYLE="text-decoration: underline double; color: blue"><U>any
Loan Party shall fail to perform or comply with any agreement, covenant or requirement (including deadlines) contained in Section&nbsp;6(b)&nbsp;of
the Eleventh Amendment.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">then, and in any such event and
anytime thereafter during the continuance of such event, the Agents may, and shall at the request of the Required Lenders, by notice
to the Borrower, (i)&nbsp;terminate or reduce all Commitments, whereupon all Commitments shall immediately be so terminated or
reduced, (ii)&nbsp;declare all or any portion of the Term Loans then outstanding to be accelerated and due and payable, whereupon
all or such portion of the aggregate principal of all Term Loans, all accrued and unpaid interest thereon, all fees and all other
amounts payable under this Agreement and the other Loan Documents shall become due and payable immediately, together with the
payment of the <FONT STYLE="text-decoration: underline double; color: blue">Repayment Fee, the </FONT>Prepayment Premium, the
April/June&nbsp;2024 Bridge Loan Fee, the March&nbsp;2025 Bridge Loan Fee and the Exit Fee with respect to the Commitments so
terminated and the Term Loans so repaid, without presentment, demand, protest or further notice of any kind, all of which are hereby
expressly waived by each Loan Party and (iii)&nbsp;exercise any and all of its other rights and remedies under applicable law,
hereunder and under the other Loan Documents; <I>provided, however</I>, that upon the occurrence of any Event of Default described
in subsection <U>(f)</U>&nbsp;or <U>(g)</U>&nbsp;of this <U>Section&nbsp;9.01</U> with respect to any Loan Party, without any notice
to any Loan Party or any other Person or any act by any Agent or any Lender, all Commitments shall automatically terminate and all
Term Loans then outstanding, together with all accrued and unpaid interest thereon, all fees and all other amounts due under this
Agreement and the other Loan Documents, together with the payment of the <FONT STYLE="text-decoration: underline double; color: blue">Repayment
Fee, the </FONT>Prepayment Premium, the April/June&nbsp;2024 Bridge Loan Fee, the March&nbsp;2025 Bridge Loan Fee and the Exit Fee
shall become due and payable automatically and immediately, without presentment, demand, protest or notice of any kind, all of which
are expressly waived by each Loan Party. The Loan Parties expressly waive the provisions of any present or future statute of or law
that prohibits or may prohibit the collection of the foregoing Prepayment Premium, April/June&nbsp;2024 Bridge Loan Fee,
March&nbsp;2025 Bridge Loan Fee and Exit Fee in connection with any acceleration.</P>

<P STYLE="font: 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-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="color: #010000"><B>ARTICLE&nbsp;X</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="color: #010000"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="color: #010000"><B></B></FONT><B>AGENTS</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 0in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;10.01 </FONT><U>Appointment</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1in"><FONT STYLE="color: #010000">(a)&#8239;&#8239;&#8239;</FONT>Each
Lender (and each subsequent maker of any Term Loan by its making thereof) hereby appoints Whitehawk Capital to act on its behalf as
Administrative Agent and Collateral Agent hereunder and under the other Loan Documents and authorizes and empowers the
Administrative Agent and the Collateral Agent to perform the duties of each such Agent as set forth in this Agreement and the other
Loan Documents, together with such actions and powers as are reasonably incidental thereto, including: (i)&nbsp;to receive on behalf
of each Lender any payment of principal of or interest on the Term Loans outstanding hereunder and all other amounts accrued
hereunder for the account of the Lenders and paid to such Agent, and, subject to <U>Section&nbsp;2.02</U>, to distribute promptly to
each Lender its Pro Rata Share of all payments so received; (ii)&nbsp;to distribute to each Lender copies of all material notices
and agreements received by such Agent and not required to be delivered to each Lender pursuant to the terms of this Agreement,
provided that the Agents shall not have any liability to the Lenders for any Agent&rsquo;s inadvertent failure to distribute any
such notices or agreements to the Lenders; (iii)&nbsp;to maintain, in accordance with its customary business practices, ledgers and
records reflecting the status of the Obligations, the Term Loans, and related matters and to maintain, in accordance with its
customary business practices, ledgers and records reflecting the status of the Collateral and related matters; (iv)&nbsp;to execute
or file any and all financing or similar statements or notices, amendments, renewals, supplements, documents, instruments, proofs of
claim, notices and other written agreements with respect to this Agreement or any other Loan Document; (v)&nbsp;to make the Term
Loans for such Agent or on behalf of the applicable Lenders as provided in this Agreement or any other Loan Document; (vi)&nbsp;to
perform, exercise, and enforce any and all other rights and remedies of the Lenders with respect to the Loan Parties, the
Obligations, or otherwise related to any of same to the extent reasonably incidental to the exercise by such Agent of the rights and
remedies specifically authorized to be exercised by such Agent by the terms of this Agreement or any other Loan Document;
(vii)&nbsp;to incur and pay such fees necessary or appropriate for the performance and fulfillment of its functions and powers
pursuant to this Agreement or any other Loan Document; (viii)&nbsp;subject to <U>Section&nbsp;10.03</U>, to take such action as such
Agent deems appropriate on its behalf to administer the Term Loans and the Loan Documents and to exercise such other powers
delegated to such Agent by the terms hereof or the other Loan Documents (including, without limitation, the power to give or to
refuse to give notices, waivers, consents, approvals and instructions and the power to make or to refuse to make determinations and
calculations); and (ix)&nbsp;to act with respect to all Collateral under the Loan Documents, including for purposes of acquiring,
holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties to secure any of the Obligations. As to any
matters not expressly provided for by this Agreement and the other Loan Documents (including, without limitation, enforcement or
collection of the Term Loans).</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)&#8239;&#8239;&#8239;</FONT>The
Administrative Agent shall also act as the Collateral Agent under the Loan Documents, and each of the Lenders hereby irrevocably appoints
and authorizes the Administrative Agent to act as the agent of (and to hold any security interest, charge or other Lien created by the
Loan Documents for and on behalf of or in trust for) such Lender for purposes of acquiring, holding and enforcing any and all Liens on
Collateral granted by any of the Loan Parties to secure any of the Obligations, together with such powers and discretion as are reasonably
incidental thereto (including as <I>vertegenwoordiger/repr&eacute;sentant </I>for the purposes of article 5 of the Belgian Financial Collateral
Law and article 3 of the Belgian MAS Law). Without limiting the generality of the foregoing, the Lenders hereby expressly authorize the
Administrative Agent as Collateral Agent to execute any and all documents (including releases) with respect to the Collateral and the
rights of the Secured Parties with respect thereto, as contemplated by and in accordance with the provisions of this Agreement and the
Loan Documents and acknowledge and agree that any such action by any Agent shall bind the Lenders.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)&#8239;&#8239;&#8239;</FONT>The
Agents shall not be required to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers
expressly contemplated hereby or by the other Loan Documents that the Administrative Agent or the Collateral Agent is required to exercise
as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein
or in the other Loan Documents ), and such instructions of the Required Lenders (or such other percentage of Lenders) shall be binding
upon all Lenders and all makers of Loans; <I>provided, however</I>, 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 the Administrative Agent or the Collateral
Agent to liability or that is contrary to any Loan Document or applicable law.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(d)&#8239;&#8239;</FONT>Any
corporation or association into which any Agent may be converted or merged, or with which it may be consolidated, or to which it 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 such Agent is a party, will be and
become the successor Agent, as applicable, 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="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;10.02
</FONT><U>Nature of Duties; Delegation</U>. The Agents shall have no duties or responsibilities except those expressly set forth in this
Agreement or in the other Loan Documents. The duties of the Agents shall be mechanical and administrative in nature. The Agents shall
not have by reason of this Agreement or any other Loan Document a fiduciary relationship in respect of any Lender, regardless of whether
a Default or Event of Default has occurred and is continuing. Nothing in this Agreement or any other Loan Document, express or implied,
is intended to or shall be construed to impose upon the Agents any obligations in respect of this Agreement or any other Loan Document
except as expressly set forth herein or therein.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0 0pt 0in">Each Lender acknowledges that it has, independently and
without reliance upon the Administrative Agent, the Collateral Agent or any other Lender or any of their Related Parties and based on
such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each
Lender shall make its own independent investigation of the financial condition and affairs of the Loan Parties in connection with the
making and the continuance of the Term Loans hereunder and shall make its own appraisal of the creditworthiness of the Loan Parties and
the value of the Collateral without reliance upon the Administrative Agent or any other Lender or any of their Related Parties, and neither
the Agents nor any of their Related Parties shall have any duty or responsibility, either initially or on a continuing basis, to provide
any Lender with any credit or other information with respect thereto, whether coming into their possession before the initial Loan hereunder
or at any time or times thereafter. Each Lender acknowledges that the Administrative Agent, the Collateral Agent and their Affiliates
have not made any representation or warranty to it, other than any such representations or warranties expressly provided for hereunder
or under any other Loan Document. Except for documents or other information
expressly required by any Loan Document to be transmitted by the Administrative Agent and/or the Collateral Agent to the Lenders, the
Administrative Agent and the Collateral Agent shall not have any duty or responsibility (either express or implied) to provide any Lender
with any credit or other information concerning any Loan Party, including the business, prospects, operations, property, financial and
other condition or creditworthiness of any Loan Party or Affiliate of a Loan Party, that may come in to the possession of the Administrative
Agent, the Collateral Agent or any of their Affiliates. Each Agent may, upon any term or condition it specifies, delegate or exercise
any of its rights, powers and remedies under, and delegate or perform any of its duties or any other action with respect to, any Loan
Document by or through any of its Related Parties or any other trustee, co-agent, sub-agent or Person (including any Lender). The exculpatory
provisions of this <U>Article&nbsp;X</U> and the indemnity provisions of <U>Section&nbsp;12.15</U> shall apply to any such trustee, co-agent,
sub-agent or Person and to the Related Parties of the Administrative Agent, the Collateral Agent and any such trustee, co-agent, sub-agent
or Person, and shall apply to their respective activities in connection with activities as Administrative Agent or Collateral Agent. Neither
the Administrative Agent nor the Collateral Agent shall be responsible for the negligence or misconduct of any of its trustees, co-agents,
sub-agents, except to the extent that a court of competent jurisdiction determines in a final and non-appealable judgment that the
Administrative Agent or the Collateral Agent, as applicable, acted with gross negligence or willful misconduct in the selection of such
trustees, co-agents or sub-agents, as applicable.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;10.03 </FONT><U>Rights,
Exculpation, Etc.</U>&#8239;&#8239;&#8239;&#8239;The Agents and their Related Parties shall not be liable for any action taken
or omitted to be taken by them (i)&nbsp;with the consent or at the request of the Required Lenders (or such other number or
percentage of the Lenders as shall be necessary, or as the Administrative Agent or the Collateral Agent shall believe in good faith
shall be necessary, under the circumstances provided in <U>Section&nbsp;9.01</U> or <U>Section&nbsp;12.02</U>) or (ii)&nbsp;except
for their own gross negligence or willful misconduct as determined by a final non-appealable judgment of a court of competent
jurisdiction. Without limiting the generality of the foregoing, the Agents (i)&nbsp;may treat the payee of any Term Loan as the
owner thereof until such Loan has been transferred to a transferee pursuant to and in accordance with <U>Section&nbsp;12.07</U>
hereof; (ii)&nbsp;may consult with legal counsel (including, without limitation, counsel to any Agent or counsel to the Loan
Parties), independent public accountants, and other experts selected by any of them and shall not be liable for any action taken or
omitted to be taken in good faith by any of them in accordance with the advice of such counsel or experts; (iii)&nbsp;make no
warranty or representation to any Lender and shall not be responsible to any Lender for any statements, certificates, warranties or
representations made in or in connection with this Agreement or the other Loan Documents; (iv)&nbsp;shall not be responsible for or
have any duty to ascertain or to inquire as to the performance or observance of any of the terms, covenants or conditions of this
Agreement or the other Loan Documents on the part of any Person, the existence or possible existence of any Default or Event of
Default, or to inspect the Collateral or other property (including, without limitation, the books and records) of any Person;
(v)&nbsp;shall not be responsible to any Lender for the due execution, legality, validity, enforceability, genuineness, sufficiency
or value of this Agreement or the other Loan Documents or any other instrument or document furnished pursuant hereto or thereto;
(vi)&nbsp;shall not be responsible for or have any duty to ascertain or inquire into the, value, sufficiency or collectability of
the Collateral, the creation, existence, priority or perfection of the Collateral Agent&rsquo;s Lien thereon, or any certificate
prepared by any Loan Party in connection therewith, nor shall the Agents be responsible or liable to the Lenders for any failure to
monitor or maintain any portion of the Collateral and (vii)&nbsp;shall not be responsible for or have any duty to ascertain or
inquire into the satisfaction of any condition set forth in Article&nbsp;V or elsewhere herein, other than to confirm receipt of
items expressly required to be delivered to the Administrative Agent or satisfaction of any condition that expressly refers to the
matters described therein being acceptable or satisfactory to the Administrative Agent. The Agents shall not be liable for any
apportionment or distribution of payments made in good faith, and if any such apportionment or distribution is subsequently
determined to have been made in error the sole recourse of any Lender to whom payment was due but not made, shall be to recover from
other Lenders any payment in excess of the amount which they are determined to be entitled (and such other Lenders hereby agree to
return to such Lender any such erroneous payments received by them). The Agents may at any time request instructions from the
Lenders with respect to any actions or approvals which by the terms of this Agreement or of any of the other Loan Documents the
Agents are permitted or required to take or to grant, and if such instructions are promptly requested, the Agents shall be
absolutely entitled to refrain from taking any action or to withhold any approval under any of the Loan Documents until they shall
have received such instructions from the Required Lenders (unless unanimity is required) and, if they so request, the Agents shall
first be indemnified to their satisfaction by the Lenders against any and all liability and expense which may be incurred by reason
of taking or continuing to take any such action.&#8239;&#8239;Without limiting the foregoing, no Lender shall
have any right of action whatsoever against any Agent as a result of such Agent acting or refraining from acting under this
Agreement or any of the other Loan Documents in accordance with the instructions of the Required Lenders (unless unanimity is
required). The Agents shall not, except as expressly set forth herein and in the other Loan Documents, have any duty to disclose,
and shall not be liable for the failure to disclose, any information relating to the Borrower or any of its Affiliates that is
communicated to or obtained by the Person serving as the Administrative Agent, the Collateral Agent or any of their respective
Affiliates in any capacity. The Agents shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of
Default, unless the Agents shall have received written notice from a Lender or the Borrower referring to this Agreement, describing
such Default and stating that such notice is a &ldquo;notice of default.&rdquo;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in">In no event shall
any Agent be liable for any failure or delay in the performance of their respective obligations under this Agreement or any related
documents because of circumstances beyond such Agent&rsquo;s control, including, but not limited to, a failure, termination or
suspension of a clearing house, securities depositary, settlement system or central payment system in any applicable part of the
world or acts of God, flood, war (whether declared or undeclared), civil or military disturbances or hostilities, nuclear or natural
catastrophes, political unrest, explosion, severe weather or accident, earthquake, terrorism, fire, riot, labor disturbances,
strikes or work stoppages&nbsp;for any reason, embargo, government action, including any laws, ordinance, regulations or the like
(whether domestic, federal, state, county or municipal or foreign) which delay, restrict or prohibit the providing of services
contemplated by this Agreement or any related documents, or the unavailability of communications or computer facilities, the failure
of equipment or interruption of communications or computer facilities, or the unavailability of the Federal Reserve Bank wire or
telex or other wire or communication facility, or any other causes beyond the Agent&rsquo;s control whether or not of the same class
or kind as specified above. Nothing in this Agreement or any other Loan Document shall require the Administrative Agent or the
Collateral Agent to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties
or in the exercise of any of its rights or powers 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 0in; text-align: justify; text-indent: 1in">The Agents shall
have no obligation for (a)&nbsp;perfecting, maintaining, monitoring, preserving or protecting the security interest or Lien granted under
the Credit Agreement, any other Loan Document, or any agreement or instrument contemplated hereby or thereby; (b)&nbsp;the filing, re-filing,
recording, re-recording, or continuing of any document, financing statement, mortgage, assignment, notice, instrument of further assurance,
or other instrument in any public office at any time or times; or (c)&nbsp;providing, maintaining, monitoring, or preserving insurance
on or the payment of taxes with respect to any 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 0in; text-align: justify; text-indent: 1in">The Agents shall
not (x)&nbsp;be obligated to ascertain, monitor or inquire as to whether any Lender or participant in the Term Loans or prospective Lender
or participant in the Term Loans is an Ineligible Institution or (y)&nbsp;have any liability with respect to or arising out of any assignment
or participation of Loans, or disclosure of confidential information, to any Ineligible 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 0pt 0in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;10.04
</FONT><U>Reliance</U>. Each Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any written notices,
statements, certificates, orders or other documents or any telephone message believed by it in good faith to be genuine and correct and
to have been signed, sent or made by the proper Person, and with respect to all matters pertaining to this Agreement or any of the other
Loan Documents and its duties hereunder or thereunder, upon advice of counsel selected by it. In determining compliance with any condition
hereunder to the making of a Loan 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 written notice to the contrary
from such Lender prior to the making of such 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"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;10.05&#8239; </FONT><U>Indemnification</U>.
To the extent that any Agent or any Related Party of the foregoing is not reimbursed and indemnified by any Loan Party (and without
limiting the obligation of the Loan Parties to do so), the Lenders will indemnify and hold harmless such Agent and such Related
Parties from and against any and all Agent Indemnified Matters of any kind or nature whatsoever which may be imposed on, incurred
by, or asserted against such Agent and such Related Parties in proportion to each Lender&rsquo;s Pro Rata Share (determined as of
the time that the applicable indemnity payment is sought (or if such indemnity payment is sought after the date on which the Term
Loans have been paid in full and the Commitments have terminated, in accordance with their respective Pro Rata Shares immediately
prior to the date on which the Term Loans are paid in full and the Commitments have terminated)); <I>provided, however</I>, that no
Lender shall be liable for any portion of such Agent Indemnified Matters for which there has been a final non-appealable judicial
determination that such liability resulted from such Agent&rsquo;s or such Related Parties gross negligence or willful misconduct; <I>provided,
further, however</I>, 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 provided by the Loan Documents) shall be deemed to constitute gross negligence or willful
misconduct for the purposes of this <U>Section&nbsp;10.05</U>. In the case of any investigation, litigation or proceeding giving
rise to any Agent Indemnified Matters, this <U>Section&nbsp;10.05</U> shall apply whether or not any such investigation, litigation
or proceeding is brought by any Lender or any other Person. Without limiting the foregoing, each Lender shall reimburse the Agents
upon demand for its Pro Rata Share (determined as of the time that the applicable reimbursement is sought (or if such reimbursement
payment is sought after the date on which the Term Loans have been paid in full and the Commitments have terminated, in accordance
with its Pro Rata Shares immediately prior to the date on which the Term Loans are paid in full and the Commitments have
terminated)) of any costs or out-of-pocket expenses (including the fees, disbursements and other charges of counsel) incurred by the
Agents 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 Agents are not
reimbursed for such expenses by or on behalf of the Loan Parties; <I>provided </I>that such reimbursement by the Lenders shall not
affect the Borrower&rsquo;s continuing reimbursement obligations with respect thereto; <I>provided further</I>, that failure of any
Lender to indemnify or reimburse the Agents shall not relieve any other Lender of its obligation in respect thereof. Each Lender
hereby authorizes the Administrative Agent and Collateral 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 or the Collateral Agent to such Lender from any
source against any amount due to the Administrative Agent or the Collateral Agent under this <U>Section&nbsp;10.05</U>. The
obligations of the Lenders under this <U>Section&nbsp;10.05</U> shall survive the payment in full of the Term Loans and the
termination 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 0in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;10.06
</FONT><U>&#8239;Agents Individually</U>. With respect to its Pro Rata Share and the Term Loans made by it, if applicable, each Agent shall have
and may exercise the same rights and powers hereunder and is subject to the same obligations and liabilities as and to the extent set
forth herein, as any other Lender or maker of a Loan. If applicable, the terms &ldquo;Lenders&rdquo; or &ldquo;Required Lenders&rdquo;
or any similar terms shall, unless the context clearly otherwise indicates, include each Agent in its individual capacity as a Lender
or one of the Required Lenders. Each Agent and its Affiliates may accept deposits from, lend money to, and generally engage in any kind
of banking, trust or other business with any Borrower or Affiliate thereof as if it were not acting as an Agent pursuant hereto without
any duty to account to the other 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 0in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;10.07&#8239; </FONT><U>Successor
Agent</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 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)&#8239;&#8239;&#8239;</FONT>Any
Agent may at any time give at least 30 days prior written notice of its resignation to the Lenders and the Borrower. Any Agent may be
removed at any time by the Required Lenders upon at least 30 days prior written notice by the Required Lenders to such Agent. Upon receipt
of any such notice of resignation or delivery of any such notice of removal, the Required Lenders shall have the right, in consultation
with the Borrower, to appoint a successor Agent. If no such successor Agent shall have been so appointed by the Required Lenders and shall
have accepted such appointment within 30 days after the retiring Agent gives notice of its resignation (or such earlier day as shall be
agreed by the Required Lenders) (the &ldquo;<U>Resignation Effective Date</U>&rdquo;) or within 30 days after delivery of any such notice
of removal (or such earlier day as shall be agreed by the Required Lenders) (the &ldquo;<U>Removal Effective Date</U>&rdquo;), as applicable,
then the retiring Agent may (but shall not be obligated to), on behalf of the Lenders, appoint a successor Agent. Whether or not a successor
Agent has been appointed, such resignation shall become effective in accordance with such notice on the Resignation Effective Date or
such removal shall become effective in accordance with such notice on the Removal Effective Date, as applicable.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)&#8239;&#8239;</FONT>With
effect from the Resignation Effective Date or the Removal Effective Date, as applicable, (i)&nbsp;the retiring Agent shall be discharged
from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any Collateral held by such Agent
on behalf of the Lenders under any of the Loan Documents, the retiring Agent shall continue to hold such collateral security until such
time as a successor Agent is appointed) and (ii)&nbsp;all payments, communications and determinations provided to be made by, to or through
such retiring Agent shall instead be made by or to each Lender directly, until such time, if any, as a successor Agent shall have been
appointed as provided for above. Upon the acceptance of a successor&rsquo;s Agent&rsquo;s appointment as Agent hereunder, such successor
shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring Agent, and the retiring Agent
shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents. After the retiring Agent&rsquo;s
resignation hereunder and under the other Loan Documents, the provisions of this Article, <U>Section&nbsp;12.04</U> and <U>Section&nbsp;12.05</U>
shall continue in effect for the benefit of such retiring Agent, its sub-agents and their respective Related Parties in respect of any
actions taken or omitted to be taken by it while the retiring Agent was acting as Agent.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;10.08&#8239; </FONT><U>Collateral
Matters</U>.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)&#8239;&#8239;&#8239;</FONT>The
Lenders hereby irrevocably authorize the Collateral Agent to (1)&nbsp;release any Lien granted to or held by the Collateral Agent
upon any Collateral (i)&nbsp;in accordance with the express terms of the Loan Documents; (ii)&nbsp;upon termination of all
Commitments and payment and satisfaction of all Term Loans and all other Obligations in accordance with the terms hereof; or
(iii)&nbsp;(x)&nbsp;constituting property being sold or disposed of in the ordinary course of any Loan Party&rsquo;s business and
otherwise in compliance with the terms of this Agreement and the other Loan Documents; (y)&nbsp;constituting property in which the
Loan Parties owned no interest at the time the Lien was granted or at any time thereafter; or (z)&nbsp;if approved, authorized or
ratified in writing by the Lenders or (2)&nbsp;subordinate any Lien on any property granted to or sold by the Collateral Agent to
the holder of any Lien on property that is permitted to be subordinated pursuant to the definition of &ldquo;Permitted Liens&rdquo;.
Upon request by the Collateral Agent at any time, the Lenders shall confirm in writing the Collateral Agent&rsquo;s authority to
release or subordinate particular types or items of Collateral pursuant to this Agreement.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)&#8239;&#8239;&#8239;</FONT>Without
in any manner limiting the Collateral Agent&rsquo;s authority to act without any specific or further authorization or consent by the Lenders
(as set forth in <U>Section&nbsp; 10.08(b)</U>), each Lender agrees to confirm in writing, upon request by the Collateral Agent, the authority
to release or subordinate Collateral conferred upon the Collateral Agent under <U>Section&nbsp;10.08(b)</U>. Upon receipt by the Collateral
Agent of confirmation from the Required Lenders (or all Lenders if applicable) of its authority to release or subordinate any particular
item or types of Collateral, and upon prior written request by any Loan Party, the Collateral Agent shall (and is hereby irrevocably authorized
by the Lenders to) execute such documents as may be necessary to evidence the release of the Liens granted to the Collateral Agent for
the benefit of the Agents and the Lenders upon such Collateral; <I>provided, however</I>, that (i)&nbsp;the Collateral Agent shall not
be required to execute any such document on terms which, in the Collateral Agent&rsquo;s opinion, would expose the Collateral Agent to
liability or create any obligations or entail any consequence other than the release of such Liens without recourse or warranty, and (ii)&nbsp;such
release shall not in any manner discharge, affect or impair the Obligations or any Lien upon (or obligations of any Loan Party in respect
of) all interests in the Collateral retained by any Loan Party.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)&#8239;&#8239;&#8239;</FONT>Anything
contained in any of the Loan Documents to the contrary notwithstanding, the Loan Parties, each Agent and each Lender hereby agree that
(i)&nbsp;no Lender shall have any right individually to realize upon any of the Collateral under any Loan Document or to enforce any Guaranty,
it being understood and agreed that all powers, rights and remedies under the Loan Documents may be exercised solely by the Collateral
Agent for the benefit of the Lenders in accordance with the terms thereof, (ii)&nbsp;in the event of a foreclosure by the Collateral Agent
on any of the Collateral pursuant to a public or private sale, the Administrative Agent, the Collateral Agent or any Lender may be the
purchaser of any or all of such Collateral at any such sale and (iii)&nbsp;the Collateral Agent, as agent for and representative of the
Agents and the Lenders (but not any other Agent or any Lender or Lenders in its or their respective individual capacities unless the Required
Lenders shall otherwise agree in writing) shall be entitled (either directly or through one or more acquisition vehicles) for the purpose
of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral to be sold (A)&nbsp;at any
public or private sale, (B)&nbsp;at any sale conducted by the Collateral Agent under the provisions of the Uniform Commercial Code (including
pursuant to Sections 9-610 or 9-620 of the Uniform Commercial Code), (C)&nbsp;at any sale or foreclosure conducted by the Collateral Agent
(whether by judicial action or otherwise) in accordance with applicable law or (D)&nbsp;any sale conducted pursuant to the provisions
of any Debtor Relief Law (including Section&nbsp;363 of the Bankruptcy Code), to use and apply all or any of the Obligations as a credit
on account of the purchase price for any Collateral payable by the Collateral Agent at such sale.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(d)&#8239;&#8239;&#8239;</FONT>The
Collateral Agent shall have no obligation whatsoever to any Lender to assure that the Collateral exists or is owned by the Loan
Parties or is cared for, protected or insured or has been encumbered or that the Lien granted to the Collateral Agent pursuant to
this Agreement or any other Loan Document has been properly or sufficiently or lawfully created, perfected, protected or enforced or
is 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, authorities and powers granted or available to the Collateral Agent in this <U>Section&nbsp;10.08</U>
or in any other Loan Document, it being understood and agreed that in respect of the Collateral, or any act, omission or event
related thereto, the Collateral Agent may act in any manner it may deem appropriate, in its sole discretion, and that the Collateral
Agent shall have no duty or liability whatsoever to any other Lender, except as otherwise provided herein.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;10.09&#8239;
</FONT><U>Agency for Perfection</U>. Each Agent and each Lender hereby appoints each other Agent and each other Lender as agent and bailee
for the purpose of perfecting the security interests in and liens upon the Collateral in assets which, in accordance with Article&nbsp;9
of the Uniform Commercial Code, can be perfected only by possession or control (or where the security interest of a secured party with
possession or control has priority over the security interest of another secured party) and each Agent and each Lender hereby acknowledges
that it holds possession of or otherwise controls any such Collateral for the benefit of the Agents and the Lenders as secured party.
Should the Administrative Agent or any Lender obtain possession or control of any such Collateral, the Administrative Agent or such Lender
shall notify the Collateral Agent thereof, and, promptly upon the Collateral Agent&rsquo;s request therefor shall deliver such Collateral
to the Collateral Agent or in accordance with the Collateral Agent&rsquo;s instructions. In addition, the Collateral Agent shall also
have the power and authority hereunder to appoint such other sub-agents as may be necessary or required under applicable state law or
otherwise to perform its duties and enforce its rights with respect to the Collateral and under the Loan Documents. Each Loan Party by
its execution and delivery of this Agreement hereby consents to the foregoing.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;10.10&#8239; </FONT><U>No
Reliance on any Agent&rsquo;s Customer Identification Program</U>. Each Lender acknowledges and agrees that neither such Lender, nor
any of its Affiliates, participants or assignees, may rely on any Agent to carry out such Lender&rsquo;s, Affiliate&rsquo;s,
participant&rsquo;s or assignee&rsquo;s customer identification program, or other requirements imposed by the USA PATRIOT Act or the
regulations issued thereunder, including the regulations set forth in 31 C.F.R. &sect;&sect; 1010.100(yy), (iii), 1020.100, and
1020.220 (formerly 31 C.F.R. &sect; 103.121), as hereafter amended or replaced (&ldquo;<U>CIP Regulations</U>&rdquo;), or any other
Anti-Money Laundering and Anti-Terrorism Laws, including any programs involving any of the following items relating to or in
connection with any of the Loan Parties, their Affiliates or their agents, the Loan Documents or the transactions hereunder or
contemplated hereby: (1)&nbsp;any identity verification procedures, (2)&nbsp;any recordkeeping, (3)&nbsp;comparisons with government
lists, (4)&nbsp;customer notices or (5)&nbsp;other procedures required under the CIP Regulations or other regulations issued under
the USA PATRIOT Act. Each Lender, Affiliate, participant or assignee subject to Section&nbsp;326 of the USA PATRIOT Act will perform
the measures necessary to satisfy its own responsibilities under the CIP Regulations.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;10.11&#8239;
</FONT><U>No Third Party Beneficiaries</U>. The provisions of this Article&nbsp;are solely for the benefit of the Secured Parties, and
no Loan Party shall have rights as a third-party beneficiary of any of such provisions.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;10.12&#8239; </FONT><U>No
Fiduciary Relationship</U>. It is understood and agreed that the use of the term &ldquo;agent&rdquo; herein or in any other Loan
Document (or any other similar term) 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 as a matter of market custom,
and is intended to create or reflect only an administrative relationship between contracting parties. By becoming a party to this
Agreement, each Lender:</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)&#8239;&#8239;&#8239;</FONT>is
deemed to have requested that each Agent furnish such Lender, promptly after it becomes available, a copy of each inspection report (if
any) with respect to the Borrower or any of its Subsidiaries (each, a &ldquo;<U>Report</U>&rdquo;) prepared by or at the request of such
Agent, and each Agent shall so furnish each Lender with each such Report,</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)&#8239;&#8239;</FONT>expressly
agrees and acknowledges that the Agents (i)&nbsp;do not make any representation or warranty as to the accuracy of any Reports, and (ii)&nbsp;shall
not be liable for any information contained in any Reports,</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)&#8239;&#8239;&#8239;</FONT>expressly
agrees and acknowledges that the Reports are not comprehensive audits or examinations, that any Agent or other party performing any audit
or examination will inspect only specific information regarding the Borrower and its Subsidiaries and will rely significantly upon the
Borrower&rsquo;s and its Subsidiaries&rsquo; books and records, as well as on representations of their personnel,</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(d)&#8239;&#8239;</FONT>agrees
to keep all Reports and other material, non-public information regarding the Borrower and its Subsidiaries and their operations, assets,
and existing and contemplated business plans in a confidential manner in accordance with Section&nbsp;12.20, and</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(e)&#8239;&#8239;&#8239;</FONT>without
limiting the generality of any other indemnification provision contained in this Agreement, agrees: (i)&nbsp;to hold any Agent and any
other Lender preparing a Report harmless from any action the indemnifying Lender may take or fail to take or any conclusion the indemnifying
Lender may reach or draw from any Report in connection with any loans or other credit accommodations that the indemnifying Lender has
made or may make to the Borrower, or the indemnifying Lender&rsquo;s participation in, or the indemnifying Lender&rsquo;s purchase of,
a loan or loans of the Borrower, and (ii)&nbsp;to pay and protect, and indemnify, defend and hold any Agent and any other Lender preparing
a Report harmless from and against, the claims, actions, proceedings, damages, costs, expenses, and other amounts (including, attorneys&rsquo;
fees and costs) incurred by any such Agent and any such other Lender preparing a Report as the direct or indirect result of any third
parties who might obtain all or part of any Report through the indemnifying Lender.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;10.13
</FONT><U>Collateral Custodian</U>. Upon the occurrence and during the continuance of any Event of Default, the Collateral Agent or its
designee may at any time and from time to time employ and maintain on the premises of any Loan Party a custodian selected by the Collateral
Agent or its designee who shall have full authority to do all acts necessary to protect the Agents&rsquo; and the Lenders&rsquo; interests.
Each Loan Party hereby agrees to, and to cause its Subsidiaries to, cooperate with any such custodian and to do whatever the Collateral
Agent or its designee may reasonably request to preserve the Collateral.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;10.14&#8239; </FONT><U>Collateral
Agent May&nbsp;File Proofs of Claim</U> . In case of the pendency of any proceeding under any Debtor Relief Law or any other
judicial proceeding relative to any Loan Party, the Collateral 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 any Agent shall have made any
demand on the Borrower) shall be entitled and empowered (but not obligated) by intervention in such proceeding or otherwise:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)&#8239;&#8239;&#8239;</FONT>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 Secured Parties (including any claim for the compensation, expenses, disbursements and advances of the Secured Parties and their respective
agents and counsel and all other amounts due to the Secured Parties hereunder and under the other Loan Documents) allowed in such judicial
proceeding; and</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)&#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="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)&#8239;&#8239;&#8239;</FONT>and
any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby
authorized by each Secured Party to make such payments to the Collateral Agent and, in the event that the Collateral Agent shall consent
to the making of such payments directly to the Secured Parties, to pay to the Collateral Agent any amount due for the reasonable compensation,
expenses, disbursements and advances of the Collateral Agent and its agents and counsel, and any other amounts due to the Collateral Agent
hereunder and under the other Loan Documents.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;10.15&#8239;
</FONT><U>Withholding Taxes</U>. To the extent required by any applicable Requirement of Law, the Administrative Agent may withhold from
any payment to any Lender an amount equivalent to any applicable withholding Tax. If the United States Internal Revenue Service or any
other Governmental Authority asserts a claim that the Administrative Agent did not properly withhold Tax from amounts paid to or for
the account of any Lender because the appropriate form was not delivered or was not properly executed or because such Lender failed to
notify the Administrative Agent of a change in circumstance which rendered the exemption from, or reduction of, withholding Tax ineffective
or for any other reason, or if the Administrative Agent reasonably determines that a payment was made to a Lender pursuant to this Agreement
without deduction of applicable withholding Tax from such payment, such Lender shall indemnify the Administrative Agent fully, within
10 days after written demand therefor, for all amounts paid, directly or indirectly, by the Administrative Agent as Tax or otherwise,
including any penalties or interest and together with all expenses (including legal expenses, allocated internal costs and out-of-pocket
expenses) incurred. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall
be conclusive absent a manifest error. Each Lender hereby authorizes the Administrative Agent to set off and apply any amounts at any
time owing to such Lender under this Agreement or any other Loan Document against any amount due to the Administrative Agent under this
<U>Section 10.15</U>. The agreements in this <U>Section&nbsp;10.15</U> shall survive the resignation and/or replacement of the Administrative
Agent, any assignment of rights by, or replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or
discharge of all other Obligations.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;10.16&#8239; </FONT><U>Parallel
Debt</U></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)&#8239;&#8239;&#8239;</FONT>Each
Loan Party hereby irrevocably and unconditionally undertakes to pay to the Collateral Agent amounts equal to the amounts due in respect
of the Corresponding Obligations as they may exist from time to time. The payment undertakings of each Loan Party under this <U>Section&nbsp;10.16</U>
are each to be referred to as a &ldquo;<U>Parallel Debt</U>&rdquo;.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)&#8239;&#8239;&#8239;</FONT>Each
Parallel Debt will be payable in the currency or currencies of the relevant Corresponding Obligations and will become due and payable
as and when and to the extent the relevant Corresponding Obligations become due and payable. An Event of Default in respect of the payment
of the Corresponding Obligations shall constitute a default within the meaning of section 3:248 Dutch Civil Code with respect to the payment
of the Parallel Debts without any notice being required.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">(c)</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;Each of the Parties to this Agreement hereby acknowledges that:</FONT></P>


<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0 0pt 0.25in; text-indent: 1.5in"><FONT STYLE="color: #010000">(i)&#8239;&#8239;&#8239;&#8239;</FONT>each
Parallel Debt constitutes an undertaking, obligation and liability to the Collateral Agent which is separate and independent from, and
without prejudice to, the Corresponding Obligations of the relevant Loan Party;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(ii)&#8239;&#8239;&#8239;</FONT>each
Parallel Debt represents the Collateral Agent&rsquo;s own separate and independent claim to receive payment of the Parallel Debt from
the relevant Loan Party; and</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1.5in"><FONT STYLE="color: #010000">(iii)&#8239;&#8239;</FONT>it
being understood, in each case, that the amounts which may be payable by each Loan Party as Parallel Debt at any time shall never exceed
the total of the amounts which are payable under or in connection with the Corresponding Obligations at that time.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(d)&#8239;&#8239;</FONT>An
amount paid by a Loan Party to the Agent in respect of a Parallel Debt will discharge the liability of the Loan Parties under the Corresponding
Obligations in an equal amount.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(e)&#8239;&#8239;&#8239;</FONT>For
the purpose of this <U>Section&nbsp;10.16</U>, the Collateral Agent acts in its own name and for the benefit of the Secured Parties, but
not as representative of the Secured Parties.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(f)&#8239;&#8239;&#8239;</FONT>For
purposes of any Dutch Security Document, any resignation by the Collateral Agent is not effective with respect to its rights under the
Parallel Debts until all rights and obligations under the Parallel Debts have been assigned and assumed to the successor Agent appointed
in accordance with <U>Section&nbsp;10.07</U>.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(g)&#8239;&#8239;&#8239;</FONT>The
Collateral Agent will reasonably cooperate in assigning its rights and obligations under the Parallel Debts to a successor Agent and will
reasonably cooperate in transferring all rights and obligations under any Dutch Security Document to such successor Agent. All other Parties
hereby, in advance, irrevocably grant their cooperation to such transfer of all rights and obligations by the Collateral Agent to a successor
Agent.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="color: #010000"><B>ARTICLE&nbsp;XI</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="color: #010000"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="color: #010000"><B></B></FONT><B>GUARANTY</B></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;11.01 </FONT><U>Guaranty</U>.&#8239;&#8239;&#8239;&#8239;Each
Guarantor hereby jointly and severally and unconditionally and irrevocably guarantees the punctual payment when due, whether at
stated maturity, by acceleration or otherwise, of all Obligations of the Borrower now or hereafter existing under any Loan Document,
whether for principal, interest (including, without limitation, all interest that accrues after the commencement of any Insolvency
Proceeding of any Borrower, whether or not a claim for post-filing interest is allowed in such Insolvency Proceeding), fees,
commissions, expense reimbursements, indemnifications or otherwise (such obligations, to the extent not paid by the Borrower, being
the &ldquo;<U>Guaranteed Obligations</U>&rdquo;), and agrees to pay (without duplication of any amounts payable under <U>Section&nbsp;12.04</U>)
any and all reasonable and documented out-of-pocket expenses (including reasonable and documented out-of-pocket fees and expenses of
one outside counsel and one local counsel in each relevant jurisdiction) incurred by the Agents and the Lenders in enforcing any
rights under the guaranty set forth in this ARTICLE&nbsp;XI. Without limiting the generality of the foregoing, each
Guarantor&rsquo;s liability shall extend to all amounts that constitute part of the Guaranteed Obligations and would be owed by the
Borrower to the Agents and the Lenders under any Loan Document but for the fact that they are unenforceable or not allowable due to
the existence of an Insolvency Proceeding involving any Borrower. Notwithstanding any of the foregoing, Guaranteed Obligations shall
not include any Excluded Hedge Liabilities. In no event shall the obligation of any Guarantor hereunder exceed the maximum amount
such Guarantor could guarantee under any bankruptcy, insolvency or other similar 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 0in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;11.02
</FONT><U>Guaranty Absolute</U>. Each Guarantor jointly and severally guarantees that the Guaranteed Obligations will be paid strictly
in accordance with the terms of the Loan Documents, regardless of any law, regulation or order now or hereafter in effect in any jurisdiction
affecting any of such terms or the rights of the Agents or the Lenders with respect thereto. Each Guarantor agrees that this ARTICLE&nbsp;XI
constitutes a guaranty of payment when due and not of collection and waives any right to require that any resort be made by any Agent
or any Lender to any Collateral. The obligations of each Guarantor under this ARTICLE&nbsp;XI are independent of the Guaranteed Obligations,
and a separate action or actions may be brought and prosecuted against each Guarantor to enforce such obligations, irrespective of whether
any action is brought against any Loan Party or whether any Loan Party is joined in any such action or actions. The liability of each
Guarantor under this ARTICLE&nbsp;XI shall be irrevocable, absolute and unconditional irrespective of, and each Guarantor hereby irrevocably
waives any defenses it may now or hereafter have in any way relating to, any or all of the following:</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0 0pt 0.25in; text-indent: 1in"><FONT STYLE="color: #010000">(a)&#8239;&#8239;&#8239;</FONT>any
lack of validity or enforceability of any Loan Document or any agreement or instrument relating thereto;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0 0pt 0.25in; text-indent: 1in"><FONT STYLE="color: #010000">(b)&#8239;&#8239;</FONT>any
change in the time, manner or place of payment of, or in any other term of, all or any of the Guaranteed Obligations, or any other
amendment or waiver of or any consent to departure from any Loan Document, including, without limitation, any increase in the
Guaranteed Obligations resulting from the extension of additional credit to any Loan Party or otherwise;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)&#8239;&#8239;&#8239;</FONT>any
taking, exchange, release or non-perfection of any Collateral, or any taking, release or amendment or waiver of or consent to departure
from any other guaranty, for all or any of the Guaranteed Obligations;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(d)&#8239;&#8239;&#8239;</FONT>the
existence of any claim, set-off, defense or other right that any Guarantor may have at any time against any Person, including, without
limitation, any Agent or any Lender;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(e)&#8239;&#8239;&#8239;</FONT>any
change, restructuring or termination of the corporate, limited liability company or partnership structure or existence of any Loan Party;
or</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(f)&#8239;&#8239;</FONT>&#8239;any
other circumstance (other than the defense of payment, but including, without limitation, any statute of limitations) or any existence
of or reliance on any representation by the Agents or the Lenders that might otherwise constitute a defense available to, or a discharge
of, any Loan Party or any other guarantor or surety.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in">This ARTICLE&nbsp;XI
shall continue to be effective or be reinstated, as the case may be, if at any time any payment of any of the Guaranteed Obligations is
rescinded or must otherwise be returned by the Agents, the Lenders or any other Person upon the insolvency, bankruptcy or reorganization
of any Borrower or otherwise, all as though such payment had not been made.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;11.03
</FONT><U>Waiver</U>.&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Guarantor hereby waives (i)&nbsp;promptness and diligence, (ii)&nbsp;notice
of acceptance and any other notice with respect to any of the Guaranteed Obligations and this ARTICLE&nbsp;XI and any requirement that
the Agents or the Lenders exhaust any right or take any action against any Loan Party or any other Person or any Collateral, (iii)&nbsp;any
right to compel or direct any Agent or any Lender to seek payment or recovery of any amounts owed under this ARTICLE&nbsp;XI from any
one particular fund or source or to exhaust any right or take any action against any other Loan Party, any other Person or any Collateral,
(iv)&nbsp;any requirement that any Agent or any Lender protect, secure, perfect or insure any security interest or Lien on any property
subject thereto or exhaust any right to take any action against any Loan Party, any other Person or any Collateral, and (v)&nbsp;any other
defense available to any Guarantor. Each Guarantor agrees that the Agents and the Lenders shall have no obligation to marshal any assets
in favor of any Guarantor or against, or in payment of, any or all of the Obligations. Each Guarantor acknowledges that it will receive
direct and indirect benefits from the financing arrangements contemplated herein and that the waiver set forth in this <U>Section&nbsp;11.03</U>
is knowingly made in contemplation of such benefits. Each Guarantor hereby waives any right to revoke this ARTICLE&nbsp;XI, and acknowledges
that this ARTICLE&nbsp;XI is continuing in nature and applies to all Guaranteed Obligations, whether existing now or in the future.</P>

<P STYLE="font: 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 0in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;11.04 </FONT><U>&#8239;Continuing
Guaranty; Assignments</U>. This ARTICLE&nbsp;XI is a continuing guaranty and shall (a)&nbsp;remain in full force and effect until
the later of the payment in full of the Guaranteed Obligations (other than unasserted contingent indemnification Obligations) and
the Final Maturity Date, (b)&nbsp;be binding upon each Guarantor, its successors and assigns and (c)&nbsp;inure to the benefit of
and be enforceable by the Agents, and their successors, pledgees, transferees and assigns. Without limiting the generality of the
foregoing clause (c), any Lender may pledge, assign or otherwise transfer all or any portion of its rights and obligations under
this Agreement (including, without limitation, all or any portion of its Commitments and its Loans owing to it) to any other Person
to the extent otherwise permitted hereunder, and such other Person shall thereupon become vested with all the benefits in respect
thereof granted such Lender herein or otherwise, in each case as provided in <U>Section&nbsp;12.07</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 0in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;11.05&#8239;
</FONT><U>Subrogation</U>. No Guarantor will exercise any rights that it may now or hereafter acquire against any Loan Party or any other
guarantor that arise from the existence, payment, performance or enforcement of such Guarantor&rsquo;s obligations under this ARTICLE&nbsp;XI,
including, without limitation, any right of subrogation, reimbursement, exoneration, contribution or indemnification and any right to
participate in any claim or remedy of the Agents and the Lenders against any Loan Party or any other guarantor or any Collateral, whether
or not such claim, remedy or right arises in equity or under contract, statute or common law, including, without limitation, the right
to take or receive from any Loan Party or any other guarantor, directly or indirectly, in cash or other property or by set-off or in any
other manner, payment or security solely on account of such claim, remedy or right, unless and until all of the Guaranteed Obligations
(other than unasserted contingent indemnification Obligations) shall have been paid in full and the Final Maturity Date shall have occurred.
If any amount shall be paid to any Guarantor in violation of the immediately preceding sentence at any time prior to the later of the
payment in full of the Guaranteed Obligations (other than unasserted contingent indemnification Obligations) and the Final Maturity Date,
such amount shall (A)&nbsp;to the extent Guaranteed Obligations are outstanding, be held in trust for the benefit of the Agents and the
Lenders, as applicable, and shall forthwith be paid to the Agents and the Lenders, as applicable, to be credited and applied to such Guaranteed
Obligations, in accordance with the terms of this Agreement or (B)&nbsp;promptly be returned to the party which paid such amount. If (i)&nbsp;any
Guarantor shall make payment to the Agents and the Lenders of all or any part of the Guaranteed Obligations (other than unasserted contingent
indemnification Obligations), (ii)&nbsp;all of the Guaranteed Obligations (other than unasserted contingent indemnification Obligations)
shall be paid in full and (iii)&nbsp;the Final Maturity Date shall have occurred, the Agents and the Lenders will, at such Guarantor&rsquo;s
request and expense, execute and deliver to such Guarantor appropriate documents, without recourse and without representation or warranty,
necessary to evidence the transfer by subrogation to such Guarantor of an interest in the Guaranteed Obligations resulting from such payment
by such Guarantor.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;11.06
&#8239;</FONT><U>Contribution</U>. All Guarantors desire to allocate among themselves, in a fair and equitable manner, their obligations arising
under this Guaranty. Accordingly, in the event any payment or distribution is made on any date by a Guarantor under this Guaranty such
that its Aggregate Payments exceeds its Fair Share as of such date, such Guarantor shall be entitled to a contribution from each of the
other Guarantors in an amount sufficient to cause each Guarantor&rsquo;s Aggregate Payments to equal its Fair Share as of such date.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)&#8239;&#8239;</FONT>&ldquo;<U>Fair
Share</U>&rdquo; means, with respect to any Guarantor as of any date of determination, an amount equal to the sum of (a)&nbsp;its pro
rata portion of the aggregate amount paid or distributed on or before such date by any Guarantor under this Guaranty in respect of the
Guaranteed Obligations and (b)&nbsp;its pro rata portion of Deficits with respect to the other Guarantors, if any, in each case subject
to its Maximum Contribution Amount (such amounts under clauses (a)&nbsp;or (b)&nbsp;in excess of the Maximum Contribution Amount with
respect to any Guarantor, &ldquo;<U>Deficits</U>&rdquo;).</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)&#8239;&#8239;</FONT>&ldquo;<U>Maximum
Contribution Amount</U>&rdquo; means, with respect to any Guarantor as of any date of determination, the maximum aggregate amount of
the obligations of such Guarantor under this Guaranty that would not render its obligations hereunder subject to avoidance as a fraudulent
transfer or conveyance under Section&nbsp;548 of Title 11 of the United States Code or any comparable applicable provisions of state
law; <I>provided</I>, solely for purposes of calculating the &ldquo;Maximum Contribution Amount&rdquo; with respect to any Guarantor
for purposes of this <U>Section&nbsp;11.06</U>, any assets or liabilities of such Guarantor arising by virtue of any rights to subrogation,
reimbursement or indemnification or any rights to or obligations of contribution hereunder shall not be considered as assets or liabilities
of such Guarantor.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)&#8239;&#8239;&#8239;</FONT>&ldquo;<U>Aggregate
Payments</U>&rdquo; means, with respect to any Guarantor as of any date of determination, an amount equal to (A)&nbsp;the aggregate amount
of all payments and distributions made on or before such date by such Guarantor in respect of this Guaranty (including, without limitation,
in respect of this <U>Section&nbsp;11.06</U>), <U>minus</U> (B)&nbsp;the aggregate amount of all payments received on or before such date
by such Guarantor from the other Guarantors as contributions under this <U>Section&nbsp;11.06</U>. The amounts payable as contributions
hereunder shall be determined as of the date on which the related payment or distribution is made by the applicable Guarantor. The allocation
among Guarantors of their obligations as set forth in this <U>Section&nbsp;11.06</U> shall not be construed in any way to limit the liability
of any Guarantor hereunder. Each Guarantor is a third party beneficiary to the contribution agreement set forth in this <U>Section&nbsp;11.06</U>.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="color: #010000"><B>ARTICLE&nbsp;XII
</B></FONT><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>MISCELLANEOUS</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 1.25in"><FONT STYLE="color: #010000">Section&nbsp;12.01 </FONT><U>Notices,
Etc.</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 0.25in; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)&#8239;&#8239;&#8239;</FONT><U>Notices
Generally</U>. All notices and other communications provided for hereunder shall be in writing and shall be mailed (certified mail, postage
prepaid and return receipt requested) or delivered by hand, Federal Express or other reputable overnight courier, if to any Loan Party,
at the following address:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in">Boxlight Corporation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in">2750 Premier Parkway, Suite&nbsp;900</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in">Duluth, GA 30097</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in">Attn: Dale Strang, Chief Executive Officer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in">Email: dale.strang@boxlight.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in">with a copy 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 1.25in">Kilpatrick, Townsend&nbsp;&amp; Stockton, LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in">1100 Peachtree Street NE, Suite&nbsp;2800</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in">Atlanta GA 30309</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in">Attn: Louis Barbieri III,&nbsp;Esq./David S. Schaffer,&nbsp;Esq.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in">Email: lbarbieri@ktslaw.com<FONT STYLE="color: blue"><U>;
dschaffer@ktslaw.com</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in">if to the Agents, to it at the following address:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in">Whitehawk Capital Partners, LP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in">11601 Wilshire Boulevard, Suite&nbsp;1980</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in">Los Angeles, CA 90025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in">Attn: Rob Chimenti</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in">Email: <FONT STYLE="text-decoration: underline double; color: blue">rlouzan@whitehawkcapital.com;</FONT>
rchimenti@whitehawkcapital.com<FONT STYLE="text-decoration: underline double; color: blue">; tcurry@whitehawkcapital.com</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 1.25in">with copy (which shall not constitute notice) to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in">Baker Botts L.L.P.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in">30 Rockefeller Plaza</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in">New York, NY 10112-4498</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in">Attention: Sanjay Thapar,&nbsp;Esq.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in">Email: <FONT STYLE="color: Blue"><U>sanjay.thapar@bakerbotts.com</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify">or, as
to each party, at such other address as shall be designated by such party in a written notice to the other parties complying as to delivery
with the terms of this <U>Section&nbsp;12.01</U>. All such notices and other communications shall be effective, (i)&nbsp;if mailed (certified
mail, postage prepaid and return receipt requested), when received or three (3)&nbsp;days after deposited in the mails, whichever occurs
first, (ii)&nbsp;if emailed, in accordance with <U>Section&nbsp;12.01(c)</U>, or (iii)&nbsp;if delivered by hand, Federal Express or
other reputable overnight courier, upon delivery, except that notices to any Agent pursuant to ARTICLE&nbsp;II shall not be effective
until received by such Agent, as the case may be.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Electronic
Communications</U>. Each party hereto may, in its discretion, by written notice to the other parties hereto decline to accept any or
all notices and other communications to it hereunder by electronic communications.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Unless
the Administrative Agent otherwise prescribes, (A)&nbsp;notices and other communications sent to an e-mail address shall be deemed received
upon the sender&rsquo;s receipt of an acknowledgement from the intended recipient (such as by the &ldquo;return receipt requested&rdquo;
function, as available, return e-mail or other written acknowledgement), and (B)&nbsp;notices or communications posted to an internet
or intranet website shall be deemed received upon the deemed receipt by the intended recipient, at its e-mail address as described in
the foregoing clause (A), of notification that such notice or communication is available and identifying the website address therefor;
<I>provided </I>that, for both clauses (A)&nbsp;and (B)&nbsp;above, if such notice, email or other communication is not sent during the
normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on
the next business day for the recipient.</P>

<P STYLE="font: 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="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1.5in"><FONT STYLE="color: #010000">(i)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT></FONT>The
Borrower agrees that the Administrative Agent may, but shall not be obligated to, make the Communications (as defined below) available
to the Lenders by posting the Communications on DebtDomain,&nbsp;Intralinks, Syndtrak or a substantially similar electronic transmission
system (the &ldquo;<U>Platform</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1.5in"><FONT STYLE="color: #010000">(ii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT></FONT>The
Platform is provided &ldquo;as is&rdquo; and &ldquo;as available.&rdquo; The Agent Parties (as defined below) do not warrant the adequacy
of the Platform and expressly disclaim liability for errors or omissions in the Communications. No warranty of any kind, express, implied
or statutory, including any warranty of merchantability, fitness for a particular purpose, non-infringement of third-party rights or
freedom from viruses or other code defects, is made by any Agent Party in connection with the Communications or the Platform. In no event
shall the Administrative Agent or any of its Related Parties (collectively, the &ldquo;<U>Agent Parties</U>&rdquo;) have any liability
to any Loan Party, any Lender or any other Person or entity for damages of any kind, including direct or indirect, special, incidental
or consequential damages, losses or expenses (whether in tort, contract or otherwise) arising out of any Loan Party&rsquo;s or the Administrative
Agent&rsquo;s transmission of communications through the Platform. &ldquo;Communications&rdquo; means, collectively, any notice, demand,
communication, information, document or other material provided by or on behalf of the Borrower pursuant to any Loan Document or the
transactions contemplated therein which is distributed to the Administrative Agent or any Lender by means of electronic communications
pursuant to this Section, including through Platform.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in"><FONT STYLE="color: #010000">Section&nbsp;12.02 </FONT><U>Amendments,
Etc.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>No
amendment or waiver of any provision of this Agreement or any other Loan Document (excluding the <FONT STYLE="color: red"><STRIKE>Amendment</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">Second
Amended</FONT> and Restated Fee Letter), and no consent to any departure by any Loan Party therefrom, shall in any event be effective
unless the same shall be in writing and signed (x)&nbsp;in the case of an amendment, consent or waiver to cure any ambiguity, omission,
defect or inconsistency or granting a new Lien for the benefit of the Agents and the Lenders or extending an existing Lien over additional
property, by the Agents and the Borrower, and (y)&nbsp;in the case of any other amendment, consent or waiver, by the Required Lenders
(or by the Administrative Agent with the consent of the Required Lenders) and the Borrower, and acknowledged by the Administrative Agent,
and then such amendment, waiver or consent shall be effective only in the specific instance and for the specific purpose for which given,
<U>provided</U>, <U>however</U>, that no amendment, waiver or consent shall (i)&nbsp;increase the Commitment of any Lender, reduce the
principal of, or interest on, the Term Loans payable to any Lender, reduce the amount of any fee payable for the account of each Lender,
or postpone or extend any scheduled date fixed for any payment (which shall in no event include any mandatory prepayment) of principal
of, or interest or fees on, the Term Loans without the written consent of any Lender affected thereby, (ii)&nbsp;change any term or provision
herein to permit open market purchases, permitted debt exchanges or other similar type transaction that would permit the purchase or
repurchase of the Term Loans in an amount other than as set forth in &ldquo;Pro Rata Share&rdquo; without the consent of each Lender,
(iii)<FONT STYLE="font-size: 10pt">&nbsp;</FONT>change the percentage of the Commitments or of the aggregate unpaid principal amount
of the Term Loans that is required for the Lenders or any of them to take any action hereunder without the written consent of each Lender,
(iv)&nbsp;amend the definition of &ldquo;Excluded Hedge Liability&rdquo; (or any defined term used therein or any provision expressly
relating to Excluded Hedge Liabilities), &ldquo;Required Lenders&rdquo; or &ldquo;Pro Rata Share&rdquo; without the written consent of
each Lender, (v)&nbsp;release all or a substantial portion of the Collateral (except as otherwise provided in this Agreement and the
other Loan Documents), or release any Borrower or any Guarantor without the written consent of each Lender, (vi)&nbsp;amend, modify or
waive <U>Section 4.04</U> or this <U>Section&nbsp;12.02</U> of this Agreement without the written consent of each Lender, (vii)&nbsp;amend
the definition of Borrowing Base or any component definition of Borrowing Base or any advance rate without the prior written consent
of each Lender or (viii)&nbsp;subordinate (x)&nbsp;the Liens securing any of the Obligations to the Liens securing any other Indebtedness
or other obligations or (y)&nbsp;any Obligations in contractual right of payment to any other Indebtedness or other obligations (any
such other Indebtedness or other obligations, to which such Liens securing any of the Obligations or such Obligations, as applicable,
are subordinated, &ldquo;<U>Senior Indebtedness</U>&rdquo;), in either the case of subclause (x)&nbsp;or (y), unless each adversely affected
Lender has been offered a bona fide opportunity to fund or otherwise provide its pro rata share (based on the amount of Obligations that
are adversely affected thereby held by each Lender) of the Senior Indebtedness on the same terms (other than reimbursement of counsel
fees and other professional expenses in connection with the negotiation of the terms of such transaction; such fees and expenses, &ldquo;<U>Ancillary
Fees</U>&rdquo;) as offered to all other providers (or their Affiliates) of the Senior Indebtedness and to the extent such adversely
affected Lender decides to participate in the Senior Indebtedness, receive its pro rata share of the fees and any other similar benefit
(other than Ancillary Fees) of the Senior Indebtedness afforded to the providers of the Senior Indebtedness (or any of their Affiliates)
in connection with providing the Senior Indebtedness pursuant to a written offer made to each such adversely affected Lender describing
the material terms of the arrangements pursuant to which the Senior Indebtedness is to be provided, which offer shall remain open to
each adversely affected Lender for a period of not less than five (5)&nbsp;Business Days from the date such Lender is initially contacted.</P>

<P STYLE="font: 10pt Times New Roman, 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">Notwithstanding the foregoing,
(A)&nbsp;no amendment, waiver or consent shall, unless in writing and signed by an Agent, affect the rights or duties of such Agent under
this Agreement or the other Loan Documents, (B)&nbsp;no Defaulting Lender shall have any right to approve or disapprove any amendment,
waiver or consent hereunder, except that the Final Maturity Date of such Loan held by the Defaulting Lender may not be extended without
the consent of such Defaulting Lender, (C)&nbsp;[reserved], (D)&nbsp;for the purposes of voting on amendments, waivers and consents with
respect to the Loan Documents, except as provided in clause (B)&nbsp;above, the Defaulting Lenders shall be deemed not to be &ldquo;Lenders&rdquo;
and the Term Loans held by the Defaulting Lenders shall be deemed to be zero and (E)&nbsp;any amendment or modification to the <FONT STYLE="color: red"><STRIKE>Amendment</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">Second
Amended</FONT> and Restated Fee Letter, or waiver of any rights or privileges thereunder, shall only require the consent of the Borrower
and the Agents party thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Notwithstanding
anything else in this Agreement and whether or not the Borrower or the Guarantors are in bankruptcy, all Lenders will have the right
to participate their Pro Rata Share in any additional capital invested by any of the other Lenders on the same terms as any other Lender
(other than Ancillary Fees) if such new capital is (i)&nbsp;pari passu or senior in right of lien priority on any of the assets of the
Borrower or any of its Subsidiaries as compared to the Liens granted to the Administrative Agent pursuant to the Security Documents or
(ii)&nbsp;has a contractual right of payment that is pari passu or senior to (x)&nbsp;the Obligations or (y)&nbsp;any security or loan
received from or in exchange for the Term Loans. The offer to participate in any such transaction for a Lender will be available for
a period of at least five (5)&nbsp;Business Days from when such Lender has been contacted about such new capital.</P>

<P STYLE="font: 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="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>If
(A)(i)&nbsp;any action to be taken by the Lenders hereunder requires the unanimous consent, authorization, or agreement of all of the
Lenders, (ii)&nbsp;the Required Lenders have consented to such action and (iii)&nbsp;a Lender other than the Collateral Agent or Administrative
Agent, fails to give its consent, authorization, or agreement, or (B)&nbsp;any Lender requests reimbursement under <U>Section&nbsp;2.08</U>
or <U>Section&nbsp;4.05 </U>(each of the Lenders described in clauses (A)&nbsp;and (B), a &ldquo;<U>Holdout Lender</U>&rdquo;), then
the Borrower upon at least five (5)&nbsp;Business Days prior irrevocable notice to the Holdout Lender, may permanently replace the Holdout
Lender with one or more substitute Replacement Lenders reasonably acceptable to the Required Lenders and the Administrative Agent, and
the Holdout Lender shall have no right to refuse to be replaced hereunder; <I>provided </I>that, in the case of any replacement resulting
from a request for reimbursement described in clause (B)&nbsp;above, the replacement will result in a reduction in the reimbursement
requested under <U>Section&nbsp;2.08</U> or <U>Section&nbsp;4.05</U>. Such notice to replace the Holdout Lender shall specify an effective
date for such replacement, which date shall not be later than fifteen (15) Business Days after the date such notice is given. Prior to
the effective date of such replacement, the Holdout Lender and the Replacement Lender shall execute and deliver an Assignment and Acceptance,
subject only to the Holdout Lender being repaid its share of the outstanding Obligations without any premium or penalty. If the Holdout
Lender shall refuse or fail to execute and deliver any such Assignment and Acceptance prior to the effective date of such replacement,
the Holdout Lender shall be deemed to have executed and delivered such Assignment and Acceptance. The replacement of any Holdout Lender
shall be made in accordance with the terms of <U>Section&nbsp;12.07(b)</U>. Until such time as the Replacement Lender shall have acquired
all of the Obligations, the Commitments, and the other rights and obligations of the Holdout Lender hereunder and under the other Loan
Documents, the Holdout Lender shall remain obligated to make its Pro Rata Share of the 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;12.03
</FONT><U>No Waiver; Remedies, Etc.</U> No failure on the part of any Agent or any Lender to exercise, and no delay in exercising, any
right hereunder or under any other Loan Document shall operate as a waiver thereof; nor shall any single or partial exercise of any right
under any Loan Document preclude any other or further exercise thereof or the exercise of any other right. The rights and remedies of
the Agents and the Lenders provided herein and in the other Loan Documents are cumulative and are in addition to, and not exclusive of,
any rights or remedies provided by law. The rights of the Agents and the Lenders under any Loan Document against any party thereto are
not conditional or contingent on any attempt by the Agents and the Lenders to exercise any of their rights under any other Loan Document
against such party or against 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;12.04
</FONT><U>Expenses; Attorneys&rsquo; Fees</U>. The Borrower shall pay promptly, and in any event within ten (10)&nbsp;Business Days of
delivery of an invoice, all reasonable and documented out-of-pocket costs and expenses incurred by or on behalf of each Agent and the
Lenders (and, without duplication, in the case of clauses (b)&nbsp;through (j)&nbsp;below, each Lender), regardless of whether the transactions
contemplated hereby are consummated, including, without limitation, reasonable and documented out-of-pocket fees, costs, client charges
and expenses of (x)&nbsp;one outside counsel and one local counsel in each relevant jurisdiction for the Agents and (y)&nbsp;one outside
counsel and one local counsel in each relevant jurisdiction for the Lenders (taken as a whole) (and, without duplication, in the case
of clauses (b)&nbsp;through (j)&nbsp;below, each Lender), accounting, due diligence, periodic field audits, physical counts, valuations,
investigations, searches and filings, monitoring of assets, appraisals of Collateral, the rating of the Term Loans, title searches and
reviewing environmental assessments, examination, travel, lodging and meals, and other miscellaneous disbursements arising from or relating
to: (a)&nbsp;the negotiation, preparation, execution, delivery, performance and administration of this Agreement and the other Loan Documents
(including, without limitation, the preparation of any additional Loan Documents pursuant to <U>Section&nbsp;7.01(b)</U>&nbsp;or the
review of any of the agreements, instruments and documents referred to in <U>Section&nbsp;7.01(f)</U>), (b)&nbsp;any requested amendments,
waivers or consents to this Agreement or the other Loan Documents whether or not such documents become effective or are given, (c)&nbsp;the
preservation and protection of the Agents&rsquo; or any of the Lenders&rsquo; rights under this Agreement or the other Loan Documents,
(d)&nbsp;the defense of any claim or action asserted or brought against any Agent or any Lender by any Person that arises from or relates
to this Agreement, any other Loan Document, the Agents&rsquo; or the Lenders&rsquo; claims against any Loan Party under the Loan Documents,
or any and all matters in connection therewith, (e)&nbsp;the commencement or defense of, or intervention in, any court proceeding arising
from or related to this Agreement or any other Loan Document, (f)&nbsp;the filing of any petition, complaint, answer, motion or other
pleading by any Agent or any Lender, or the taking of any action in respect of the Collateral, in connection with this Agreement or any
other Loan Document, (g)&nbsp;the protection, collection, lease, sale, taking possession of or liquidation of, any Collateral in connection
with this Agreement or any other Loan Document, (h)&nbsp;any attempt to enforce any Lien or security interest in any Collateral in connection
with this Agreement or any other Loan Document, (i)&nbsp;any attempt to collect from any Loan Party or Guarantor under the Loan Documents,
(j)&nbsp;all liabilities and costs arising from or in connection with the past, present or future operations of any Loan Party involving
any damage to real or personal property or natural resources or harm or injury alleged to have resulted from any Release of Hazardous
Materials on, upon or into such property, (k)&nbsp;any Environmental Liabilities and Costs incurred in connection with the investigation,
removal, cleanup and/or remediation of any Hazardous Materials present or arising out of the operations of any Facility of any Loan Party,
(l)&nbsp;any Environmental Liabilities and Costs incurred in connection with any Environmental Lien, (m)&nbsp;the rating of the Term
Loans by one or more rating agencies in connection with any Lender&rsquo;s Securitization, or (n)&nbsp;the receipt by any Agent or, in
the case of clauses (b)&nbsp;through (i)&nbsp;above, any Lender of any advice from professionals with respect to any of the foregoing.
Without limitation of the foregoing or any other provision of any Loan Document: (x)&nbsp;the Borrower agrees to pay all broker fees
that may become due in connection with the transactions contemplated by this Agreement and the other Loan Documents, and (y)&nbsp;if
the Borrower fails to perform any covenant or agreement contained herein or in any other Loan Document, any Agent may itself (but shall
not be required to) perform or cause performance of such covenant or agreement, and the expenses of such Agent incurred in connection
therewith shall be reimbursed on demand by the Borrower. In addition, the Borrower shall reimburse the Administrative Agent for all out-of-pocket
administrative, audit and monitory expenses incurred in connection with the Borrowing Base and determinations thereunder. The obligations
of the Borrower under this <U>Section&nbsp;12.04</U> shall survive the repayment of the Obligations and discharge of any Liens granted
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"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;12.05
</FONT><U>Right of Set-off</U>. Upon the occurrence and during the continuance of any Event of Default, any Agent or any Lender may,
and is hereby authorized to, at any time and from time to time, without notice to any Loan Party (any such notice being expressly waived
by the Loan Parties) and to the fullest extent permitted by law, set off and apply any and all deposits (general or special, time or
demand, provisional or final) at any time held and other Indebtedness at any time owing by such Agent or such Lender to or for the credit
or the account of any Loan Party against any and all obligations of the Loan Parties either now or hereafter existing under any Loan
Document, irrespective of whether or not such Agent or such Lender shall have made any demand hereunder or thereunder and although such
obligations may be contingent or unmatured; <I>provided </I>that in the event that any Defaulting Lender shall exercise any such right
of set-off, (a)&nbsp;all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance
with the provisions of Section&nbsp;4.03 and, pending such payment, shall be segregated by such Defaulting Lender from its other funds
and deemed held in trust for the benefit of the Agents and the Lenders, and (b)&nbsp;the Defaulting Lender shall provide promptly to
the Administrative Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to which it exercised
such right of set-off. Each Agent and each Lender agrees to notify such Loan Party (and in the case of a set-off by a Lender, the Administrative
Agent) promptly after any such set-off and application made by such Agent or such Lender provided that the failure to give such notice
shall not affect the validity of such set-off and application. The rights of the Agents and the Lenders under this <U>Section&nbsp;12.05</U>
are in addition to the other rights and remedies (including other rights of set-off) which the Agents and the Lenders may have under
this Agreement or any other Loan Documents of law 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;12.06
</FONT><U>Severability</U>. Any provision of this Agreement which is 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 portions hereof
or affecting the validity or enforceability of such provision 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;12.07
</FONT><U>Assignments and Participations</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>This
Agreement and the other Loan Documents shall be binding upon and inure to the benefit of each Loan Party and each Agent and each Lender
and their respective successors and assigns; <I>provided, however</I>, that none of the Loan Parties may assign or transfer any of its
rights and obligations hereunder or under the other Loan Documents without the prior written consent of each Lender and the Administrative
Agent and any such assignment without the Lenders&rsquo; and the Administrative Agent&rsquo;s prior written consent shall be null and
void and no Lender may assign or transfer any of its rights hereunder or under the other Loan Documents except (i)&nbsp;to an assignee
in accordance with the provisions of <U>Section&nbsp; 12.07(b)</U>&nbsp;and (ii)&nbsp;by way of participation in accordance with the
provisions of <U>Section&nbsp;12.07(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"></P>

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<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Each
Lender may with the written consent of the Administrative Agent, assign to (i)&nbsp;one or more Eligible Transferees and (ii)&nbsp;if
an Event of Default has occurred and is continuing, one or more Ineligible Institutions, in each case, all or a portion of its rights
and obligations under this Agreement with respect to all or a portion of its Term Loan Commitment and any portion of the Term Loans made
by it; <I>provided, however</I>, that (i)&nbsp;any such assignment under clause (i)&nbsp;above shall require the prior consent of the
Borrower (which consent shall not be unreasonably withheld, conditioned or delayed (and shall be deemed to have been given in the event
Borrower has not responded within five (5)&nbsp;Business Days of request for such consent) nor shall it be required during the existence
of an Event of Default), (ii)&nbsp;such assignment is in an amount which is at least $500,000 or a multiple of $250,000 in excess thereof
(or the remainder of such Lender&rsquo;s Commitment) (except such minimum amount shall not apply to an assignment by a Lender to (x)&nbsp;a
Lender, an Affiliate of such Lender or a Related Fund of such Lender or (y)&nbsp;a group of new Lenders, each of whom is an Affiliate
or Related Fund of each other to the extent the aggregate amount to be assigned to all such new Lenders is at least $500,000 or a multiple
of $250,000 in excess thereof), (iii)&nbsp;the parties to each such assignment shall execute and deliver to each Agent, an Assignment
and Acceptance, and such parties shall deliver to the Administrative Agent, for the benefit of the Administrative Agent, a processing
and recordation fee of $3,500 (provided that the Administrative Agent, in its sole discretion, may elect to waive or reduce such processing
and recordation fee), (iv)&nbsp;any such assignment shall require the consent of the Administrative Agent (which consent shall not be
unreasonably withheld or delayed); <I>provided</I>, that no written consent of the Collateral Agent, the Administrative Agent or the
Borrower shall be required (1)&nbsp;in connection with any assignment by a Lender to a Lender, an Affiliate of such Lender or a Related
Fund of such Lender or (2)&nbsp;if such assignment is in connection with any merger, consolidation, sale, transfer, or other disposition
of all or any substantial portion of the business or loan portfolio of such Lender and (v)&nbsp;the assignee, if it shall not be a Lender,
shall deliver to the Administrative Agent any tax forms required by <U>Section&nbsp;2.08</U> and an Administrative Questionnaire. Upon
such execution, delivery and acceptance, from and after the effective date specified in each Assignment and Acceptance and recordation
in the Register, (A)&nbsp;the assignee thereunder shall become a &ldquo;Lender&rdquo; hereunder and, in addition to the rights and obligations
hereunder held by it immediately prior to such effective date, have the rights and obligations hereunder that have been assigned to it
pursuant to such Assignment and Acceptance and (B)&nbsp;the assigning Lender thereunder shall, to the extent that rights and obligations
hereunder have been assigned by it pursuant to such Assignment and Acceptance, relinquish its rights and be released from its obligations
under this Agreement (and, in the case of an Assignment and Acceptance covering all or the remaining portion of an assigning Lender&rsquo;s
rights and obligations under this Agreement, such Lender shall cease to be a party hereto) Notwithstanding the foregoing or anything
to the contrary set forth herein, no assignment shall be made at any time to any Defaulting Lender or any of its Subsidiaries or Affiliates,
or any Person who, upon becoming a Lender would constitute a Defaulting Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>By
executing and delivering an Assignment and Acceptance, the assigning Lender and the assignee thereunder confirm to and agree with each
other and the other parties hereto as follows: (i)&nbsp;other than as provided in such Assignment and Acceptance, the assigning Lender
makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made
in or in connection with this Agreement or any other Loan Document or the execution, legality, validity, enforceability, genuineness,
sufficiency or value of this Agreement or any other Loan Document furnished pursuant hereto; (ii)&nbsp;the assigning Lender makes no
representation or warranty and assumes no responsibility with respect to the financial condition of any Loan Party or the performance
or observance by any Loan Party of any of its obligations under this Agreement or any other Loan Document furnished pursuant hereto;
(iii)&nbsp;such assignee confirms that it has received a copy of this Agreement and the other Loan Documents, together with such other
documents and information it has deemed appropriate to make its own credit analysis and decision to enter into such Assignment and Acceptance;
(iv)&nbsp;such assignee will, independently and without reliance upon the assigning Lender, any Agent or any 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 and the other Loan Documents; (v)&nbsp;such assignee appoints and authorizes the Agents to take such action
as agents on its behalf and to exercise such powers under this Agreement and the other Loan Documents as are delegated to the Agents
by the terms hereof and thereof, together with such powers as are reasonably incidental hereto and thereto; and (vi)&nbsp;such assignee
agrees that it will perform in accordance with their terms all of the obligations which by the terms of this Agreement and the other
Loan Documents are required to be performed by it 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"></P>

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<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT></FONT>The
Administrative Agent shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain, or cause to be maintained
at one of its offices in the United States, a copy of each Assignment and Acceptance delivered to and accepted by it and a register (the
&ldquo;<U>Register</U>&rdquo;) for the recordation of the names and addresses of the Lenders and the Commitments of, and the principal
amount of the Term Loans (and stated interest thereon) (the &ldquo;<U>Registered Loans</U>&rdquo;) owing to each Lender from time to
time. The entries in the Register shall be conclusive and binding for all purposes, absent manifest error, and the Borrower, the Agents
and the Lenders shall treat each Person whose name is recorded in the Register as a Lender hereunder for all purposes of this Agreement.
The Register shall be available for inspection by the Borrower and any Lender at any reasonable time and from time to time upon reasonable
prior notice. The Register is intended to cause the Registered Loans to be in registered form within the meaning of Treasury Regulations
Section&nbsp;5f.103-1(c)&nbsp;and within the meaning of Sections 163(f), 871(h)(2)&nbsp;and 881(c)(2)&nbsp;of the Internal Revenue Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="color: #010000">(e)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Upon
receipt by the Administrative Agent of a completed Assignment and Acceptance and the processing and recordation fee (if applicable) and
other items required to be delivered to the Administrative Agent pursuant to <U>Section&nbsp;12.07(b)</U>, and subject to any consent
required from the Administrative Agent pursuant to <U>Section&nbsp;12.07(b)</U>&nbsp;(which consent of the Administrative Agent must
be evidenced by the Administrative Agent&rsquo;s execution of an acceptance to such Assignment and Acceptance), the Administrative Agent
shall accept such assignment, record the information contained therein in the Register.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="color: #010000">(f)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>A
Registered Loan (and the registered note, if any, evidencing the same) may be assigned or sold in whole or in part only by registration
of such assignment or sale on the Register (and each registered note shall expressly so provide). Any assignment or sale of all or part
of such Registered Loan (and the registered note, if any, evidencing the same) may be effected only by registration of such assignment
or sale on the Register. Prior to the registration of assignment or sale of any Registered Loan (and the registered note, if any, evidencing
the same), the Agents shall treat the Person in whose name such Registered Loan (and the registered note, if any, evidencing the same)
is registered on the Register as the owner thereof for the purpose of receiving all payments thereon, notwithstanding notice to the contrary.</P>

<P STYLE="font: 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="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="color: #010000">(g)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT></FONT>In
the event that any Lender sells participations in a Registered Loan, such Lender shall, acting for this purpose as a non-fiduciary agent
on behalf of the Borrower, maintain, or cause to be maintained, a register, on which it enters the name of all participants in the Registered
Loans held by it and the principal amount (and stated interest thereon) of the portion of the Registered Loan that is the subject of
the participation (the &ldquo;<U>Participant Register</U>&rdquo;); <I>provided </I>that no Lender shall have any obligation to disclose
all or any portion of the Participant Register (including the identity of any participant or any information relating to a participant&rsquo;s
interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent
that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form
under Treasury Regulations Section&nbsp;5f.103-1(c)&nbsp;or proposed Section&nbsp;1.163-5(b)&nbsp;of the United States Treasury Regulations
(or, in each case, any amended or successor version). 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. A Registered Loan (and the registered note,
if any, evidencing the same) may be participated in whole or in part only by registration of such participation on the Participant Register
(and each registered note shall expressly so provide). Any participation of such Registered Loan (and the registered note, if any, evidencing
the same) may be effected only by the registration of such participation on the Participant Register. The Participant Register shall
be available for inspection by the Borrower and any Lender at any reasonable time and from time to time upon reasonable prior notice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="color: #010000">(h)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Any
Non-U.S. Lender who purchases or is assigned or participates in any portion of such Registered Loan shall comply with <U>Section&nbsp;2.08(d)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="color: #010000">(i)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Each
Lender may sell participations to (x)&nbsp;one or more Eligible Transferees and (y)&nbsp;if an Event of Default under Sections 9.01(a),
(f)&nbsp;or (g)&nbsp;has occurred and is continuing, one or more Ineligible Institutions, in each case, in or to all or a portion of
its rights and obligations under this Agreement and the other Loan Documents (including, without limitation, all or a portion of its
Commitments and the Term Loans made by it); <I>provided</I>, that (i)&nbsp;such Lender&rsquo;s obligations under this Agreement (including
without limitation, its Commitments hereunder) and the other Loan Documents shall remain unchanged and that any such participant shall
not be entitled to receive any greater payment or benefit hereunder than such Lender would have been entitled to receive with respect
to the participation sold to such participant unless the sale of such participation is made with the Borrower&rsquo;s prior written consent;
(ii)&nbsp;such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations, and the Borrower,
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 and the other Loan Documents; and (iii)&nbsp;a participant shall not be entitled to require such
Lender to take or omit to take any action hereunder except (A)&nbsp;action directly effecting an extension of the maturity dates or decrease
in the principal amount of the Term Loans, (B)&nbsp;action directly effecting an extension of the due dates or a decrease in the rate
of interest payable on the Term Loans or the fees payable under this Agreement, or (C)&nbsp;actions directly effecting a release of all
or a substantial portion of the Collateral or any Loan Party (except as set forth in <U>Section&nbsp;10.08</U> of this Agreement or any
other Loan Document). The Loan Parties agree that each participant shall be entitled to the benefits of <U>Sections 2.08</U>, <U>2.09</U>,
<U>2.10</U>, <U>2.11</U> and <U>2.12</U> subject to the obligations and limitations set forth thereunder with respect to its participation
in any portion of the Commitments and the Term Loans as if it was 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"></P>

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<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="color: #010000">(j)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT></FONT>Any
Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations
of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank or loans made to, or other indebtedness
issued by, such Lender pursuant to a securitization transaction (including any structured warehouse credit facility, collateralized loan
obligation transaction or similar facility or transaction, and including any further securitization of the indebtedness or equity issued
under such a transaction) (a &ldquo;<U>Securitization</U>&rdquo;); <I>provided </I>that no such pledge or assignment shall release such
Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. The Loan Parties
shall cooperate with such Lender and its Affiliates to effect a Securitization, including, without limitation, by providing such information
as may be reasonably requested by such Lender in connection with the rating of its Loans or any Securitization.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;12.08
</FONT><U>Counterparts and Execution</U>. This Agreement may be executed in any number of counterparts and by different parties hereto
in separate counterparts, each of which shall be deemed to be an original, but all of which taken together shall constitute one and the
same agreement. Delivery of an executed counterpart of this Agreement by electronic mail shall be equally as effective as delivery of
an original executed counterpart of this Agreement. Any party may request in writing that parties delivering an executed counterpart
of this Agreement by electronic mail also deliver an original executed counterpart of this Agreement but the failure to deliver an original
executed counterpart shall not affect the validity, enforceability, and binding effect of this Agreement. The foregoing shall apply to
each other Loan Document <I>mutatis mutandis</I>. The words &ldquo;execution,&rdquo; &ldquo;signed,&rdquo; &ldquo;signature,&rdquo; and
words of like import in this Agreement and the other Loan Documents, including any Assignment and Acceptance shall be deemed to include
electronic signatures or electronic records 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 Signature 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. It is intended that this Agreement shall take
effect as a deed in respect of each English Obligor notwithstanding the method of execution of this Agreement by the other parties 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;12.09
</FONT><U>GOVERNING LAW</U>. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS (UNLESS EXPRESSLY PROVIDED TO THE CONTRARY IN ANOTHER LOAN DOCUMENT
IN RESPECT OF SUCH OTHER LOAN DOCUMENT) SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK APPLICABLE
TO CONTRACTS MADE AND TO BE PERFORMED IN THE STATE OF NEW YORK.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;12.10
</FONT><U>CONSENT TO JURISDICTION; SERVICE OF PROCESS AND VENUE</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">(a)
&#8239;&#8239;&#8239;ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT (UNLESS EXPRESSLY PROVIDED
TO THE CONTRARY IN ANOTHER LOAN DOCUMENT IN RESPECT OF SUCH OTHER LOAN DOCUMENT) MAY&nbsp;BE BROUGHT IN THE COURTS OF THE STATE OF NEW
YORK IN THE COUNTY OF NEW YORK OR OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK, AND, BY EXECUTION AND DELIVERY
OF THIS AGREEMENT, EACH LOAN PARTY HEREBY IRREVOCABLY ACCEPTS IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, THE JURISDICTION
OF THE AFORESAID COURTS. EACH LOAN PARTY HEREBY IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS OUT OF ANY OF THE AFOREMENTIONED COURTS
AND IN ANY SUCH ACTION OR PROCEEDING BY ANY MEANS PERMITTED BY APPLICABLE LAW,&nbsp;INCLUDING, WITHOUT LIMITATION, BY THE MAILING OF
COPIES THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO THE BORROWER AT ITS ADDRESS FOR NOTICES AS SET FORTH IN <U>SECTION&nbsp;12.01</U>
AND TO THE SECRETARY OF STATE OF THE STATE OF NEW YORK, SUCH SERVICE TO BECOME EFFECTIVE TEN (10)&nbsp;DAYS AFTER SUCH MAILING. THE LOAN
PARTIES AGREE THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY&nbsp;BE ENFORCED IN OTHER JURISDICTIONS
BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING HEREIN SHALL AFFECT THE RIGHT OF THE AGENTS AND THE LENDERS TO
SERVICE OF PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST ANY LOAN PARTY
IN ANY OTHER JURISDICTION. EACH LOAN PARTY HEREBY EXPRESSLY AND IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION
WHICH IT MAY&nbsp;NOW OR HEREAFTER HAVE TO THE JURISDICTION OR LAYING OF VENUE OF ANY SUCH LITIGATION BROUGHT IN ANY SUCH COURT REFERRED
TO ABOVE AND ANY CLAIM THAT ANY SUCH LITIGATION HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. TO THE EXTENT THAT ANY LOAN PARTY HAS OR HEREAFTER
MAY&nbsp;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 OR OTHERWISE) WITH RESPECT TO ITSELF OR ITS PROPERTY, EACH LOAN PARTY HEREBY IRREVOCABLY
WAIVES SUCH IMMUNITY IN RESPECT OF ITS OBLIGATIONS 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT>Each
Loan Party irrevocably and unconditionally agrees that it will not commence any action or proceeding of any kind or description, whether
in law or equity, whether in contract or in tort or otherwise, against any Agent, any Lender or any Related Party of the foregoing in
any way relating to this Agreement or any other Loan Document or the transactions relating hereto or thereto, in any forum other than
the courts of the State of New York sitting in New York County, and of the United States District Court of the Southern District of New
York, and any appellate court from any thereof.</P>

<P STYLE="font: 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;12.11
</FONT><U>WAIVER OF JURY TRIAL,&nbsp;ETC.</U> EACH LOAN PARTY, EACH AGENT AND EACH LENDER HEREBY WAIVES ANY RIGHT TO A TRIAL BY JURY
IN ANY ACTION, PROCEEDING OR COUNTERCLAIM CONCERNING ANY RIGHTS UNDER THIS AGREEMENT OR THE OTHER LOAN DOCUMENTS, OR UNDER ANY AMENDMENT,
WAIVER, CONSENT,&nbsp;INSTRUMENT, DOCUMENT OR OTHER AGREEMENT DELIVERED OR WHICH IN THE FUTURE MAY&nbsp;BE DELIVERED IN CONNECTION THEREWITH,
OR ARISING FROM ANY FINANCING RELATIONSHIP EXISTING IN CONNECTION WITH THIS AGREEMENT, AND AGREES THAT ANY SUCH ACTION, PROCEEDINGS OR
COUNTERCLAIM SHALL BE TRIED BEFORE A COURT AND NOT BEFORE A JURY. EACH LOAN PARTY CERTIFIES THAT NO OFFICER, REPRESENTATIVE, AGENT OR
ATTORNEY OF ANY AGENT OR ANY LENDER HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT ANY AGENT OR ANY LENDER WOULD NOT,&nbsp;IN THE EVENT
OF ANY ACTION, PROCEEDING OR COUNTERCLAIM, SEEK TO ENFORCE THE FOREGOING WAIVERS. EACH LOAN PARTY HEREBY ACKNOWLEDGES THAT THIS PROVISION
IS A MATERIAL INDUCEMENT FOR THE AGENTS AND THE LENDERS ENTERING INTO 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;12.12
</FONT><U>Consent by the Agents and Lenders</U>. Except as otherwise expressly set forth herein to the contrary or in any other Loan
Document, if the consent, approval, satisfaction, determination, judgment, acceptance or similar action (an &ldquo;<U>Action</U>&rdquo;)
of any Agent or any Lender shall be permitted or required pursuant to any provision hereof or any provision of any other agreement to
which any Loan Party is a party and to which any Agent or any Lender has succeeded thereto, such Action shall be required to be in writing
and may be withheld or denied by such Agent or such Lender, in its sole discretion, with or without any reason, and without being subject
to question or challenge on the grounds that such Action was not taken 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;12.13
</FONT><U>No Party Deemed Drafter</U>. Each of the parties hereto agrees that no party hereto shall be deemed to be the drafter 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;12.14
</FONT><U>Reinstatement; Certain Payments</U>. If any claim is ever made upon any Agent or any Lender for repayment or recovery of any
amount or amounts received by such Agent or such Lender in payment or on account of any of the Obligations, such Agent or such Lender
shall give prompt notice of such claim to each other Agent and Lender and the Borrower, and if such Agent or such Lender repays all or
part of such amount by reason of (i)&nbsp;any judgment, decree or order of any court or administrative body having jurisdiction over
such Agent or such Lender or any of its property, or (ii)&nbsp;any good faith settlement or compromise of any such claim effected by
such Agent or such Lender with any such claimant, then and in such event each Loan Party agrees that (A)&nbsp;any such judgment, decree,
order, settlement or compromise shall be binding upon it notwithstanding the cancellation of any Indebtedness hereunder or under the
other Loan Documents or the termination of this Agreement or the other Loan Documents, and (B)&nbsp;it shall be and remain liable to
such Agent or such Lender hereunder for the amount so repaid or recovered to the same extent as if such amount had never originally been
received by such Agent or such Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;12.15
</FONT><U>Indemnification</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="color: #010000">(a)&#8239;<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>General
Indemnity</U>. In addition to each Loan Party&rsquo;s other Obligations under this Agreement, each Loan Party agrees to, jointly and
severally, defend, protect, indemnify and hold harmless each Agent and each Lender and all of their respective Related Parties (collectively
called the &ldquo;<U>Indemnitees</U>&rdquo;) from and against any and all losses, damages, liabilities, obligations, penalties, fees,
reasonable and documented out-of-pocket costs and expenses (including, without limitation, reasonable and documented out-of-pocket costs
and expenses of (i)&nbsp;one outside counsel and one local counsel to the Agents and the Related Parties in each relevant jurisdiction
and (ii)&nbsp;one outside counsel and one local counsel to the other Indemnitees (taken as a whole) in each relevant jurisdiction (and,
in the event of a conflict, between any relevant Secured Parties, conflicts counsel for each set of similarly situated Secured Parties))
incurred by such Indemnitees, whether prior to or from and after the Effective Date, whether direct, indirect or consequential, as a
result of or arising from or relating to or in connection with any of the following: (i)&nbsp;the negotiation, preparation, execution
or performance or enforcement of this Agreement, any other Loan Document or of any other document executed in connection with the transactions
contemplated by this Agreement, (ii)&nbsp;any Agent&rsquo;s or any Lender&rsquo;s furnishing of funds to the Borrower under this Agreement
or the other Loan Documents, including, without limitation, the management of any such Loans or the Borrower&rsquo;s use of the proceeds
thereof, (iii)&nbsp;the Agents and the Lenders relying on any instructions of the Borrower or the handling of the Collateral as herein
provided, (iv)&nbsp;any matter relating to the financing transactions contemplated by this Agreement or the other Loan Documents or by
any document executed in connection with the transactions contemplated by this Agreement or the other Loan Documents, or (v)&nbsp;any
claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (collectively,
the &ldquo;<U>Indemnified Matters</U>&rdquo;); <I>provided, however</I>, that the Loan Parties shall not have any obligation to any Indemnitee
under this subsection <U>(a)</U>&nbsp;for any Indemnified Matter caused by the gross negligence or willful misconduct of such Indemnitee
(as determined by a final non-appealable judgment of a court of competent jurisdiction) that do not involve an act or omission by any
Loan Party or any Subsidiary or Affiliate thereof. This Section&nbsp;<U>12.15(a)</U>&nbsp;shall not apply with respect to Taxes other
than any Taxes that represent losses, damages,&nbsp;etc. arising from any non-Tax claim.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT></FONT><U>Environmental
Indemnity</U>. Without limiting <U>Section&nbsp;12.15(a)</U>&nbsp;hereof, each Loan Party agrees to, jointly and severally, defend, indemnify,
and hold harmless the Indemnitees against any and all Environmental Liabilities and Costs and all other claims, demands, penalties, fines,
liability (including strict liability), losses, damages, costs and expenses (including, reasonable and documented out-of-pocket fees
and expenses of one outside counsel and one local counsel to the Agents and their Related Parties in each relevant jurisdiction, one
outside counsel and one local counsel to the other Indemnitees (taken as a whole)in each relevant jurisdiction, consultant fees and laboratory
fees), arising out of (i)&nbsp;any Releases or threatened Releases (x)&nbsp;at any property presently or formerly owned or operated by
any Loan Party or any Subsidiary of any Loan Party, or any predecessor in interest, or (y)&nbsp;of any Hazardous Materials generated
and disposed of by any Loan Party or any Subsidiary of any Loan Party, or any predecessor in interest; (ii)&nbsp;any violations of Environmental
Laws by or relating to any Loan Party; (iii)&nbsp;any Environmental Action relating to any Loan Party or any Subsidiary of any Loan Party,
or any predecessor in interest; (iv)&nbsp;any personal injury (including wrongful death) or property damage (real or personal) arising
out of exposure to Hazardous Materials used, handled, generated, transported or disposed by any Loan Party or any Subsidiary of any Loan
Party, or any predecessor in interest; and (v)&nbsp;any breach of any warranty or representation regarding environmental matters made
by the Loan Parties in <U>Section&nbsp;6.01(r)</U>&nbsp;or the breach of any covenant made by the Loan Parties in <U>Section&nbsp;7.01(j)</U>&nbsp;(all
of the foregoing, collectively, &ldquo;<U>Environmental Indemnified Matters</U>&rdquo;). Notwithstanding the foregoing, the Loan Parties
shall not have any obligation to any Indemnitee under this subsection <U>(b)</U>&nbsp;regarding any potential environmental matter covered
hereunder which is caused by the gross negligence or willful misconduct of such Indemnitee, as determined by a 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"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT></FONT>To
the extent that the undertaking to indemnify, pay and hold harmless set forth in this <U>Section&nbsp;12.15</U> may be unenforceable
because it is violative of any law or public policy, each Loan Party shall, jointly and severally, contribute the maximum portion which
it is permitted to pay and satisfy under applicable law, to the payment and satisfaction of all Indemnified Matters and Environmental
Indemnified Matters incurred by the Indemnitees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT></FONT>No
Loan Party shall assert, and each Loan Party hereby waives, any claim against the Indemnitees, on any theory of liability, for special,
indirect, consequential or punitive damages (as opposed to direct or actual damages) (whether or not the claim therefor is based on contract,
tort or duty imposed by any applicable legal requirement) arising out of, in connection with, as a result of, or in any way related to,
this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby or referred to herein or therein,
the transactions contemplated hereby or thereby, any Loan or the use of the proceeds thereof or any act or omission or event occurring
in connection therewith, and each Loan Party hereby waives, releases and agrees not to sue upon any such claim or seek any such damages,
whether or not accrued and whether or not known or suspected to exist in its favor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="color: #010000">(e)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT></FONT>The
indemnities set forth in this <U>Section&nbsp;12.15</U> shall survive the repayment of the Obligations, termination of the Loan Documents
and discharge of any Liens granted 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;12.16
</FONT><U>Governing Law Attorney</U>. Each Party acknowledges and accepts that, if a Party is represented by an attorney in connection
with the signing and/or execution of this Agreement or any other agreement, deed or document referred to in this Agreement or made pursuant
to this Agreement, and the power of attorney is governed by Dutch law, that the existence and extent of the attorney&rsquo;s authority
and the effects of the attorney&rsquo;s exercise or purported exercise of its authority shall be governed by Dutch 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;12.17
</FONT><U>Records.</U> The unpaid principal of and interest on the Term Loans, the interest rate or rates applicable to such unpaid principal
and interest, the duration of such applicability, the Commitments, and the accrued and unpaid fees payable pursuant to Section&nbsp;2.06
hereof, including, without limitation, the fees set forth in the <FONT STYLE="color: red"><STRIKE>Amendment</STRIKE></FONT><FONT STYLE="text-decoration: underline double; color: blue">Second
Amended</FONT> and Restated Fee Letter, <FONT STYLE="text-decoration: underline double; color: blue">Repayment Fee, </FONT>the Prepayment
Premium, April/June&nbsp;2024 Bridge Loan Fee, March&nbsp;2025 Bridge Loan Fee and the Exit Fee, if any, shall at all times be ascertained
from the records of the Agents, which shall be conclusive and binding 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;12.18
</FONT><U>Binding Effect</U>. This Agreement shall become effective when it shall have been executed by each Loan Party, each Agent and
each Lender and when the conditions precedent set forth in Section&nbsp;5.01 hereof have been satisfied or waived in writing by the Agents,
and thereafter shall be binding upon and inure to the benefit of each Loan Party, each Agent and each Lender, and their respective successors
and assigns, except that the Loan Parties shall not have the right to assign their rights hereunder or any interest herein without the
prior written consent of each Agent and each Lender, and any assignment by any Lender shall be governed by Section&nbsp;12.07 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;12.19
</FONT><U>Interest</U>. It is the intention of the parties hereto that each Agent and each Lender shall conform strictly to usury laws
applicable to it. Accordingly, if the transactions contemplated hereby or by any other Loan Document would be usurious as to any Agent
or any Lender under laws applicable to it (including the laws of the United States of America and the State of New York or any other
jurisdiction whose laws may be mandatorily applicable to such Agent or such Lender notwithstanding the other provisions of this Agreement),
then, in that event, notwithstanding anything to the contrary in this Agreement or any other Loan Document or any agreement entered into
in connection with or as security for the Obligations, it is agreed as follows: (i)&nbsp;the aggregate of all consideration which constitutes
interest under law applicable to any Agent or any Lender that is contracted for, taken, reserved, charged or received by such Agent or
such Lender under this Agreement or any other Loan Document or agreements or otherwise in connection with the Obligations shall under
no circumstances exceed the maximum amount allowed by such applicable law, any excess shall be canceled automatically and if theretofore
paid shall be credited by such Agent or such Lender on the principal amount of the Obligations (or, to the extent that the principal
amount of the Obligations shall have been or would thereby be paid in full, refunded by such Agent or such Lender, as applicable, to
the Borrower); and (ii)&nbsp;in the event that the maturity of the Obligations is accelerated by reason of any Event of Default under
this Agreement or otherwise, or in the event of any required or permitted prepayment, then such consideration that constitutes interest
under law applicable to any Agent or any Lender may never include more than the maximum amount allowed by such applicable law, and excess
interest, if any, provided for in this Agreement or otherwise shall be canceled automatically by such Agent or such Lender, as applicable,
as of the date of such acceleration or prepayment and, if theretofore paid, shall be credited by such Agent or such Lender, as applicable,
on the principal amount of the Obligations (or, to the extent that the principal amount of the Obligations shall have been or would thereby
be paid in full, refunded by such Agent or such Lender to the Borrower). All sums paid or agreed to be paid to any Agent or any Lender
for the use, forbearance or detention of sums due hereunder shall, to the extent permitted by law applicable to such Agent or such Lender,
be amortized, prorated, allocated and spread throughout the full term of the Term Loans until payment in full so that the rate or amount
of interest on account of any Term Loans hereunder does not exceed the maximum amount allowed by such applicable law. If at any time
and from time to time (x)&nbsp;the amount of interest payable to any Agent or any Lender on any date shall be computed at the Highest
Lawful Rate applicable to such Agent or such Lender pursuant to this <U>Section&nbsp;12.19</U> and (y)&nbsp;in respect of any subsequent
interest computation period the amount of interest otherwise payable to such Agent or such Lender would be less than the amount of interest
payable to such Agent or such Lender computed at the Highest Lawful Rate applicable to such Agent or such Lender, then the amount of
interest payable to such Agent or such Lender in respect of such subsequent interest computation period shall continue to be computed
at the Highest Lawful Rate applicable to such Agent or such Lender until the total amount of interest payable to such Agent or such Lender
shall equal the total amount of interest which would have been payable to such Agent or such Lender if the total amount of interest had
been computed without giving effect to this <U>Section&nbsp; 12.19</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"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">For
purposes of this <U>Section&nbsp;12.19</U>, the term &ldquo;applicable law&rdquo; shall mean that law in effect from time to time and
applicable to the loan transaction between the Borrower, on the one hand, and the Agents and the Lenders, on the other, that lawfully
permits the charging and collection of the highest permissible, lawful non-usurious rate of interest on such loan transaction and this
Agreement, including laws of the State of New York and, to the extent controlling, laws of the United States of America.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">The
right to accelerate the maturity of the Obligations does not include the right to accelerate any interest that has not accrued as of
the date of acceleration.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;12.20
</FONT><U>Confidentiality</U>. Each Agent and each Lender agrees (on behalf of itself and each of its Related Parties) to use reasonable
precautions to keep confidential, in accordance with its customary procedures for handling confidential information of this nature and
in accordance with safe and sound practices of comparable banks or commercial finance companies, any non-public information supplied
to it by the Loan Parties pursuant to this Agreement or the other Loan Documents which is identified in writing by the Loan Parties as
being confidential at the time the same is delivered to such Person (and which at the time is not, and does not thereafter become, publicly
available or available to such Person from another source not known to be subject to a confidentiality obligation to such Person not
to disclose such information); <I>provided </I>that nothing herein shall limit the disclosure by any Agent or any Lender of any such
information (i)&nbsp;to its Affiliates, its Related Parties or the Related Parties of any Person described in clause (ii)&nbsp;or (iii)&nbsp;below
or to any Lender&rsquo;s current or prospective funding sources (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 in accordance with
this <U>Section&nbsp;12.20</U> or is subject to other customary confidentiality obligations); (ii)&nbsp;to any other party hereto; (iii)&nbsp;to
any assignee or participant (or prospective assignee or participant) or any party to a Securitization so long as such assignee or participant
(or prospective assignee or participant) or party to a Securitization agrees, in writing, to be bound by or is otherwise subject to customary
confidentiality obligations (including, without limitation, confidentiality provisions similar in substance to this <U>Section&nbsp;12.20</U>);
(iv)&nbsp;to the extent required by any Requirement of Law or judicial process or as otherwise requested by any Governmental Authority
having jurisdiction over such Person; (v)&nbsp;(x)&nbsp;to the National Association of Insurance Commissioners or any similar organization,
any examiner, auditor or accountant or any nationally recognized rating agency or (y)&nbsp;otherwise to the extent consisting of general
portfolio information that does not identify Loan Parties; <I>provided</I>, unless specifically prohibited by applicable law or court
order, each Agent and each Lender shall make reasonable efforts to notify the Borrower of any request by any Governmental Authority or
representative thereof; (vi)&nbsp;in connection with any litigation to which any Agent or any Lender is a party; (vii)&nbsp;in connection
with the exercise of any remedies hereunder or under any other Loan Document or any action or proceeding relating to this Agreement or
any other Loan Document or the enforcement of rights hereunder or thereunder, in each case, solely to the extent necessary in connection
therewith; or (viii)&nbsp;with the consent of the Borrower. In addition, the Agents and the Lenders may disclose the existence of this
Agreement and information about this Agreement to market data collectors, similar service providers to the lending industry and service
providers to any Agent or any Lender in connection with the administration of this Agreement, the other Loan Documents and 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;12.21
</FONT><U>Public Disclosure</U>. Each Loan Party agrees that neither it nor any of its Affiliates will now or in the future issue any
press release or other public disclosure using the name of an Agent, any Lender or any of their respective Affiliates or referring to
this Agreement or any other Loan Document without the prior written consent of such Agent or such Lender, except to the extent that such
Loan Party or such Affiliate is required by any Requirement of Law (in which event, such Loan Party or such Affiliate will consult with
such Agent or such Lender before issuing such press release or other public disclosure; <I>provided</I>, that any failure of such Loan
party or such Affiliate to consult with such Agent or such Lender shall not result in an Event of Default hereunder). Notwithstanding
the foregoing or anything contained herein to the contrary, the Borrower or any parent company of the Borrower may include a summary
of this Agreement or any other Loan Document in, and file copies thereof as exhibits to, any registration statement that it submits or
files under the Securities Act, or filings it makes or furnishes under the Exchange Act. Each Loan Party hereby authorizes each Agent
and each Lender, after consultation with the Borrower, to advertise the closing of the transactions contemplated by this Agreement, and
to make reasonably appropriate announcements of the financial arrangements entered into among the parties hereto, as such Agent or such
Lender shall deem reasonably appropriate, including, without limitation, announcements commonly known as tombstones, in such trade publications,
business journals, newspapers of general circulation and to such selected parties as such Agent or such Lender shall deem reasonably
appropriate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;12.22
</FONT><U>Integration</U>. This Agreement, together with the other Loan Documents, reflects the entire understanding of the parties with
respect to the transactions contemplated hereby and shall not be contradicted or qualified by any other agreement, oral or written, before
the Effective Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;12.23
</FONT><U>USA PATRIOT Act</U>. Each Lender that is subject to the requirements of the USA PATRIOT Act and each Agent hereby notifies
the Borrower that pursuant to the requirements of the USA PATRIOT Act, it is required to obtain, verify and record information that identifies
the Borrower, which information includes the name and address of each such entity and other information that will allow such Lender or
Agent to identify the Borrower in accordance with the USA PATRIOT Act. Each Loan Party agrees to take such action and execute, acknowledge
and deliver at its sole cost and expense, such instruments and documents as any Lender may reasonably require from time to time in order
to enable such Lender to comply with the USA PATRIOT Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;12.24
</FONT><U>Released Loan Party</U>. Notwithstanding anything herein to the contrary, a Loan Party (the &ldquo;<U>Released Loan Party</U>&rdquo;)
shall be automatically released from its obligations under this Agreement in the event that all or any portion of the Equity Interests
of the Released Loan Party shall be sold, transferred or otherwise disposed as permitted by <U>Section 7.02(c)</U>, and the parties hereby
acknowledge and agree that each reference to a &ldquo;Loan Party&rdquo; or the &ldquo;Loan Parties&rdquo; in this Agreement shall not
include such Released Loan Party. Notwithstanding the foregoing, the proceeds of any such sale, transfer or disposition shall continue
to be subject to the Collateral Agent&rsquo;s Lien pursuant to 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"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;12.25
</FONT><U>Electronic Signatures</U>. This Agreement, any other Loan Document and any document, amendment, approval, consent, information,
notice, certificate, request, statement, disclosure or authorization related to this Agreement or any other Loan Document (each, for
purposes of this <U>Section&nbsp;12.25</U>, a &ldquo;<U>Specified Communication</U>&rdquo;), including Specified Communications required
to be in writing, may be in the form of an Electronic Record and may be executed using Electronic Signatures. Each of the Loan Parties
agrees that any Electronic Signature on or associated with any Specified Communication shall be valid and binding each of the Loan Parties
to the same extent as a manual, original signature, and that any Specified Communication entered into by Electronic Signature, will constitute
the legal, valid and binding obligation of each of the Loan Parties enforceable against such in accordance with the terms thereof to
the same extent as if a manually executed original signature was delivered. Any Specified Communication may be executed in as many counterparts
as necessary or convenient, including both paper and electronic counterparts, but all such counterparts are one and the same Specified
Communication. For the avoidance of doubt, the authorization under this paragraph may include, without limitation, use or acceptance
by the Administrative Agent, the Collateral Agent and each of the Lenders of a manually signed paper Specified Communication which has
been converted into electronic form (such as scanned into PDF format), or an electronically signed Specified Communication converted
into another format, for transmission, delivery and/or retention. The Administrative Agent, the Collateral Agent and each of the Lenders
may, at its option, create one or more copies of any Specified Communication in the form of an imaged Electronic Record (&ldquo;Electronic
Copy&rdquo;), which shall be deemed created in the ordinary course of the such Person&rsquo;s business, and destroy the original paper
document. All Specified Communications in the form of an Electronic Record, including an Electronic Copy, shall be considered an original
for all purposes, and shall have the same legal effect, validity and enforceability as a paper record. Notwithstanding anything contained
herein to the contrary, neither the Administrative Agent nor the Collateral Agent is under any obligation to accept an Electronic Signature
in any form or in any format unless expressly agreed to by the Administrative Agent or Collateral Agent pursuant to procedures approved
by it; <I>provided, further</I>, that without limiting the foregoing, (a)&nbsp;to the extent the Administrative Agent or Collateral Agent
has agreed to accept such Electronic Signature, the Administrative Agent, the Collateral Agent and each of the Lenders shall be entitled
to rely on any such Electronic Signature purportedly given by or on behalf of any Loan Party without further verification and (b)&nbsp;upon
the request of the Administrative Agent, the Collateral Agent or any Lender, any Electronic Signature shall be promptly followed by such
manually executed counterpart. For purposes hereof, &ldquo;Electronic Record&rdquo; and &ldquo;Electronic Signature&rdquo; shall have
the meanings assigned to them, respectively, by 15 USC &sect;7006, as it 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">Section&nbsp;12.26&#8239;
</FONT> <U>Judgment Currency</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">If,
for the purposes of obtaining judgment in any court, it is necessary to convert a sum due hereunder or 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 Borrower in respect of any such sum due from them to the Agents 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 Dollars (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 Secured Parties from the Borrower in the Agreement Currency, the Borrower agrees, as a separate obligation and notwithstanding
any such judgment, to indemnify the Secured Parties or the Person to whom such obligation was owing against such loss.</P>

<P STYLE="font: 10pt 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">[<I>Remainder of page&nbsp;intentionally left
blank.</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"></P>

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<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1in">IN WITNESS WHEREOF,
the parties hereto have caused this Agreement to be executed by their respective officers thereunto duly authorized, as of the date first
above written.</P>

<P STYLE="font: 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; color: red"><B><STRIKE>Annex 1</STRIKE></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 0.5in; color: red"><STRIKE>(a)&nbsp;</STRIKE><U><STRIKE>Investment Banker</STRIKE></U><STRIKE>. Prior to the Eighth Amendment Effective Date, the Borrower shall have delivered to
the Administrative Agent a fully-executed copy of the engagement letter with the investment banker (the &ldquo;</STRIKE><U><STRIKE>Investment
Banker</STRIKE></U><STRIKE>&rdquo;) previously engaged by the Borrower in connection with a refinancing and repayment of the Obligations
in full in cash, including, without limitation, the Term Loans (including all fees, costs, expenses and premiums, including Prepayment
Premium, March&nbsp;2025 Bridge Loan Fee and Exit Fee) (a &ldquo;</STRIKE><U><STRIKE>Refinancing</STRIKE></U><STRIKE>&rdquo;) from proceeds
of indebtedness, the Equity Raise (defined below) and the Sale Process (defined below).</STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 0.5in; color: red"><STRIKE>(b)&nbsp;</STRIKE><U><STRIKE>Equity Raise</STRIKE></U><STRIKE>. In a manner consistent with, and in fulfillment of, its fiduciary duties to the stockholders
of Borrower (its &ldquo;</STRIKE><U><STRIKE>Fiduciary Duties</STRIKE></U><STRIKE>&rdquo;), the Board of Directors of Borrower (the &ldquo;</STRIKE><U><STRIKE>Boxlight
Board</STRIKE></U><STRIKE>&rdquo;) shall, on or prior to June&nbsp;16, 2025, cause and arrange for the Borrower to obtain (and contribute
to the capital of the Borrower) a new cash equity investment (the &ldquo;</STRIKE><U><STRIKE>Equity Raise</STRIKE></U><STRIKE>&rdquo;)
in an amount not less than the then aggregate amount required to pay-in-full, the Obligations in cash, including, without limitation,
the Term Loans (including all fees, costs, expenses and premiums, including Prepayment Premium, March&nbsp;2025 Bridge Loan Fee and Exit
Fee); and/or</STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 0.5in; color: red"><STRIKE>(c)
</STRIKE><U><STRIKE>Refinancing/Equity Raise</STRIKE></U>.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in; color: red"><STRIKE>i.
By no later than March&nbsp;21, 2025 (or such later date as may be agreed in writing  (which agreement may be provided via email) by
the Administrative Agent in its reasonable discretion), the Investment Banker and the Borrower shall have received duly executed indications
of interests or term sheets for the Refinancing and/or the Equity Raise. All such indications of interest and/or term sheets shall be
delivered to the Administrative Agent on the date received.</STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in; color: red"><STRIKE>ii.
By no later than May&nbsp;1, 2025 (or such later date as may be agreed in writing (which agreement may be provided via email) by the
Administrative Agent in its reasonable discretion), the Investment Banker and the Borrower shall have received duly executed and binding
commitment letters indications for the Refinancing and/or the Equity Raise. All such commitment letters (together with any fee and/or
side letters) shall be delivered to the Administrative Agent on the date received.</STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 0.5in; color: red"><STRIKE>(d)
By no later than May&nbsp;29, 2025 (or such later date as may be agreed in writing (which agreement may be provided via email) by the
Administrative Agent in its reasonable discretion), the Investment Banker and the Borrower shall have received drafts of loan / equity
documentation for the Refinancing and/or the Equity Raise. All such drafts of loan documentation (and any subsequent versions) shall
be delivered to the Administrative Agent on the date received.</STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 0.5in; color: red"><STRIKE>(e)
By no later than June&nbsp;16, 2025, the Refinancing and/or the Equity Raise shall have closed (unless, the Sale Closing has occurred)
and, in each case, the Obligations (including, without limitation, the Term Loans, all fees, costs, expenses and premiums, including
Prepayment Premium, March&nbsp;2025 Bridge Loan Fee and Exit Fee) shall have been repaid in full in cash on or prior to June&nbsp;16,
2025.</STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 0.5in; color: red"><STRIKE>(f)
</STRIKE><U><STRIKE>Sale Process</STRIKE></U>.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in; color: red"><STRIKE>i.
The Investment Bankers engagement letter shall also provide for a parallel sale process of the Borrower and its Subsidiaries (the &ldquo;</STRIKE><U><STRIKE>Sale
Process</STRIKE></U><STRIKE>&rdquo;).</STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in; color: red"><STRIKE>ii.<FONT STYLE="font-size: 10pt">&#8239;</FONT>By
no later than April&nbsp;1, 2025 (or such later date as may be agreed in writing (which agreement may be provided via email) by the Administrative
Agent in its reasonable discretion), the Investment Banker and the Borrower shall have received duly executed indications of interests
or term sheets for the Sale Process. All such indications of interest and/or term sheets shall be delivered to the Administrative Agent
on the date received.</STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in; color: red"><STRIKE>iii.<FONT STYLE="font-size: 10pt">&#8239;</FONT>By
no later than April&nbsp;29, 2025 (or such later date as may be agreed in writing (which agreement may be provided via email) by the
Administrative Agent in its reasonable discretion), the Investment Banker and the Borrower the potential purchasers shall have completed
their due diligence with respect to the Borrower and its Subsidiaries. The Administrative Agent shall have access to any dataroom.</STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in; color: red"><STRIKE>iv.
By no later than May&nbsp;29, 2025 (or such later date as may be agreed in writing (which agreement may be provided via email) by the
Administrative Agent in its reasonable discretion), the Investment Banker and the Borrower shall have received drafts of purchase agreement
for such Sale Process. All such drafts of purchase agreement(s)&nbsp;(and any subsequent versions) shall be delivered to the Administrative
Agent on the date received.</STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in; color: red"><STRIKE>v.<FONT STYLE="font-size: 10pt">&#8239;
</FONT>By no later than June&nbsp;16, 2025 (or such later date as may be agreed in writing (which agreement may be provided via email)
by the Administrative Agent in its reasonable discretion), the Boxlight Board, in keeping with its Fiduciary Duties, shall have determined
whether the Sale Process has resulted in a transaction, the consummation of which is in the best interests of the stockholders, and,
if such a transaction is, in fact, approved and authorized by the Boxlight Board, in keeping with its Fiduciary Duties, as in the best
interests of the stockholders, then the consummation of said transactions constituting the Sale Process shall be effected at a closing
therefor (the &ldquo;</STRIKE><U><STRIKE>Sale Closing</STRIKE></U><STRIKE>&rdquo;); provided and for the avoidance of doubt it is understood
and agreed that any Sale Process and/or Sale Closing that does not result in repayment of the Obligations in full in cash is not a Permitted
Disposition and shall require the prior written consent of the Administrative Agent and the Lenders (which can be withheld for any reason).</STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: red"><STRIKE>The
Loan Parties and the Boxlight Board direct (and shall have directed) the Investment Banker to, (x)&nbsp;to participate in weekly conference
calls with the Administrative Agent (and/or its designee) (and at the Administrative Agent&rsquo;s discretion with or without the presence
of any of the Loan Parties or their professionals), at a time (during normal business hours), but not less than weekly commencing March&nbsp;25,
2025, selected by the Administrative Agent to discuss (in detail reasonably satisfactory to the Administrative Agent and, at the Administrative
Agent&rsquo;s option, outside of the presence of any representatives of any Loan Party) progress and developments made in connection
with the Refinancing, the Equity Raise and/or the Sale Process  and (y)&nbsp;to share any and all documents and materials in connection
with the Refinancing, the Equity Raise and the Sale Process that are available to the Loan Parties and/or the Investment Banker and /or
their professionals (whether or not confidential) with the Administrative Agent (and/or its designee). The Loan Parties shall have authorized
and caused the Investment Banker (including outside of the presence of any representatives of any Loan Party) to regularly consult with,
and respond to the inquiries of, the Administrative Agent and its representatives concerning any and all matters relating to the Refinancing,
the Equity Raise and/or the Sale Process. Failure of the Investment Banker to engage in such calls and/or to share documents and materials
as required by the foregoing sentences with the Administrative Agent (and/or its designee) shall be an immediate Event of Default under
the Credit Agreement.</STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt 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">Exhibit&nbsp;B</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Form&nbsp;of Compliance Certificate]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXHIBIT&nbsp;E</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM&nbsp;OF COMPLIANCE CERTIFICATE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>BOXLIGHT CORPORATION</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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left">Whitehawk
Capital Partners LP,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left">as Administrative
Agent</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left">11601 Wilshire
Blvd., Suite&nbsp;1980</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left">Los Angeles,
CA 90025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">Re:
<U>Compliance Certificate dated<FONT STYLE="font-size: 10pt">&#9;&#8239;&#8239;&#8239;&#8239;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>, 20&nbsp;&nbsp;&nbsp;&nbsp;
</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left">Ladies and
Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">Reference
is made to that certain Credit Agreement dated as of December&nbsp;31, 2021 (the &ldquo;<U>Credit Agreement</U>&rdquo;) among BOXLIGHT
CORPORATION, a Nevada corporation (&ldquo;<U>Company</U>&rdquo; together with any other Person that joins the Credit Agreement as a Guarantor
in accordance with the terms thereof, are referred to hereinafter each individually as a &ldquo;<U>Loan Party</U>&rdquo;, and individually
and collectively, jointly and severally, as the &ldquo;<U>Loan Parties</U>&rdquo;), Whitehawk Finance, LLC and the other Lenders party
thereto and Whitehawk Capital Partners LP, as Administrative Agent and Collateral Agent. Capitalized terms used herein and not otherwise
defined herein shall the meanings assigned to such terms in the 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">Pursuant
to the terms of the Credit Agreement, the undersigned officer of the Borrower hereby certifies 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">1.<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
financial statements of the Borrower and the other Loan Parties furnished in <U>Schedule 1</U> hereto pursuant to Section&nbsp;7.01(a)&nbsp;of
the Credit Agreement fairly present, in all material respects, the financial position of the Borrower and the other Loan Parties as of
the end of the period covered by such financial statements and the results of operations, retained earnings and cash flows of the Borrower
and the other Loan Parties for such period, in each case, in accordance with GAAP applied in a manner consistent with that of the most
recent audited financial statements of the Borrower and the other Loan Parties furnished to the Agents and the Lenders, subject to normal
year-end 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-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">2.<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>I
have reviewed the provisions of the Credit Agreement and the other Loan Documents and have made, or caused to be made under my supervision,
a review of the condition and operations of the Borrower and the other Loan Parties during the period covered by the financial statements
delivered pursuant to Section&nbsp;7.01(a)&nbsp;of the Credit Agreement with a view to determining whether the Borrower and the other
Loan Parties were in compliance with all of the provisions of the Credit Agreement and the other Loan Documents during such period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">3.<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Such
review has not disclosed the existence during such period, and I have no knowledge of the existence during such period, of a Default
or Event of Default covered by the financial statements delivered pursuant to Section&nbsp;7.01(a)&nbsp;of the Credit Agreement, except
as listed on <U>Schedule 2</U> hereto, describing the nature and period of existence thereof and the action the Borrower and the other
Loan Parties have taken, are taking, or propose to take 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"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">4.<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Set
forth on <U>Schedule 3</U> hereto, is a schedule showing the calculation of the financial covenants specified in Section&nbsp;7.03 of
the Credit Agreement: Consolidated Adjusted EBITDA for the applicable Testing Period and Minimum Liquidity at all times.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">5.<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Set
forth on <U>Schedule 4</U> hereto, is a management discussion and analysis of the financial condition and results of operations of the
Borrower and the other Loan Parties for the portion of the Fiscal Year elapsed as of the date hereof and discussing the reasons for any
significant variations from the financial projections for such period and the figures for the corresponding period in the previous Fiscal
Year.<SUP>1</SUP></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">6.<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Set
forth on <U>Schedule 5</U> hereto, is the calculation of the Excess Cash Flow of the Borrower and the other Loan Parties in accordance
with the terms of <U>Section&nbsp;2.05(c)(iii)</U>&nbsp;for such period.<SUP>2</SUP></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">7.<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>[I
hereby confirm that there have been no changes to the information contained in any Perfection Certificate delivered on the Eleventh Amendment
Effective Date or the date of the most recently updated Perfection Certificate delivered pursuant to this paragraph 7.][Attached as <U>Schedule
6</U> hereto, is an updated Perfection Certificate identifying any such changes to the information contained therein.] <SUP>3</SUP></P>

<P STYLE="font: 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-top: 0pt; margin-right: 0; margin-bottom: 0pt"><SUP>1</SUP> To be included
in certificates delivered pursuant to Section&nbsp;7.01(a)(i)&nbsp;and (ii)&nbsp;only.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt"><SUP>2</SUP> To be included
in certificates delivered pursuant to Section&nbsp;7.01(a)(ii)&nbsp;only.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt"><SUP>3</SUP> To be included
in certificates delivered pursuant to Section&nbsp;7.01(a)(ii)&nbsp;only.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 1in">IN WITNESS WHEREOF, this Compliance Certificate
is executed by the undersigned this [<FONT STYLE="font-size: 10pt"><U>&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT>] day of [<FONT STYLE="font-size: 10pt"><U>&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;</U></FONT>],
[<FONT STYLE="font-size: 10pt"><U>&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT>].</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">BOXLIGHT CORPORATION</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 45%"><FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <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: center"><B>SCHEDULE 1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Financial Statements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[See Attached]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- 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: center"><B>SCHEDULE 2</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Default or Event of Default</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[See Attached]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SCHEDULE 3</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Financial Covenants</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: 0.5in"></TD><TD STYLE="width: 0.25in">1.</TD><TD>Trailing twelve month Consolidated Adjusted EBITDA</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></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">2.</TD><TD>Minimum Liquidity at all times</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: center">[See Attached]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SCHEDULE 4</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Management Discussion and Analysis</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[See Attached]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- 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: center"><B>SCHEDULE 5</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Excess Cash Flow</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[See Attached]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- 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: center"><B>SCHEDULE 6</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Perfection Certificate</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <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="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">Exhibit&nbsp;C</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 216.15pt; text-indent: 0.25in">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[See Attached]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Exhibit&nbsp;C</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 1in">(i)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>All
outstanding fees and expenses payable to the Agents, any Lender and/or any of their respective Affiliates and legal counsel for which
invoices have been provided to the Borrower shall have been paid not later than five (5)&nbsp;days from the date of such invoice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 1in">(ii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>On
or prior to January&nbsp;15, 2026 (as such date may be extended by the Administrative Agent in its reasonable discretion), Loan Parties
shall deliver to the Administrative Agent such documentation that the Administrative Agent shall reasonably request in order to perfect
the Agents&rsquo; security interest and Liens on all Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 1in">(iii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>As
promptly as practicable, and in any event on or prior to December&nbsp;24, 2025, the Administrative Agent shall have received customary
opinions from counsel to the Borrower and each of the Loan Parties that is a Domestic Subsidiary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 1in">(iv)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>As
promptly as practicable, and in any event on or prior to December&nbsp;24, 2025, the Administrative Agent shall have received a Perfection
Certificate dated as of the Eleventh Amendment Effective Date, which shall be duly executed by each Loan Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 1in">(v)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>As
promptly as practicable, and in any event on or prior to December&nbsp;24, 2025, Loan Parties shall deliver to the Administrative Agent
customary resolutions and officers&rsquo; certificates of the Domestic Subsidiary Loan Parties, in each case, that were not delivered
on the Eleventh Amendment Effective Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 1in">(vi)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>As
promptly as practicable, and in any event on or prior to December&nbsp;24, 2025, the Administrative Agent shall have received a certificate
of an Authorized Officer of each Domestic Subsidiary Loan Party, certifying the names and true signatures of the representatives of such
Domestic Subsidiary Loan Party authorized to sign each Loan Document to which such Domestic Subsidiary Loan Party is or will be a party
and the other documents to be executed and delivered by such Domestic Subsidiary Loan Party in connection herewith and therewith, together
with evidence of the incumbency of such authorized officers, in each case, that were not delivered on the Eleventh Amendment Effective
Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 1in">(vii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>On
or prior to December&nbsp;24, 2025 (as such date may be extended by the Administrative Agent in its reasonable discretion), the Administrative
Agent shall have received results of Lien searches, listing all effective financing statements which name as debtor any Loan Party and
which are filed in the offices referred to in the Perfection Certificate, together with copies of such financing statements, none of
which, except as otherwise agreed in writing by the Required Lenders and Permitted Liens, shall cover any of the Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 1in">(viii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT>As
promptly as practicable, and in any event on or prior to December&nbsp;30, 2025, the Schedules to the Credit Agreement are hereby amended
and restated as set forth as <U>Annex 1</U> hereto and shall be in form and substance satisfactory to the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 1in">(ix)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>As
promptly as practicable, and in any event on or prior to December&nbsp;30, 2025, the Loan Parties shall have delivered to the Administrative
Agent (x)&nbsp;lender loss payee and additional insured endorsements and (y)&nbsp;an assignment of business interruption insurance for
each of the Loan Parties, in each case, with respect to insurances maintained by the Loan Parties and their 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"></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="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 1in">(x)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>On
or prior to December&nbsp;31, 2025 (as such date may be extended by the Administrative Agent in its reasonable discretion), the Administrative
Agent shall have received an Inventory Appraisal report of the Loan Parties&rsquo; Inventory, which report shall be in form and substance
satisfactory to the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 1in">(xi)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>As
promptly as practicable, and in any event on or prior to January&nbsp;9, 2026 (as such date may be extended by the Administrative Agent
in its reasonable discretion), the Administrative Agent shall have received customary opinions from counsel to each of the Loan Parties
that is a Foreign Subsidiary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 1in">(xii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>As
promptly as practicable, and in any event on or prior to January&nbsp;9, 2026 (as such date may be extended by the Administrative Agent
in its reasonable discretion), Loan Parties shall deliver to the Administrative Agent customary resolutions and officers&rsquo; certificates
of the Foreign Subsidiary Loan Parties, in each case, that were not delivered on the Eleventh Amendment Effective Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 1in">(xiii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT>As
promptly as practicable, and in any event on or prior to January&nbsp;9, 2026 (as such date may be extended by the Administrative Agent
in its reasonable discretion), the Administrative Agent shall have received a certificate of an Authorized Officer of each Foreign Subsidiary
Loan Party, certifying the names and true signatures of the representatives of such Foreign Subsidiary Loan Party authorized to sign
each Loan Document to which such Foreign Subsidiary Loan Party is or will be a party and the other documents to be executed and delivered
by such Foreign Subsidiary Loan Party in connection herewith and therewith, together with evidence of the incumbency of such authorized
officers, in each case, that were not delivered on the Eleventh Amendment Effective Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 1in">(xiv)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT>As
promptly as practicable, and in any event on or prior to January&nbsp;9, 2026 (as such date may be extended by the Administrative Agent
in its reasonable discretion) the Administrative Agent shall have received foreign equivalent of formation documents and good standing
certificates, in each case, if applicable, with respect to Boxlight Australia PTY LTD and Boxlight Canada,&nbsp;Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 1in">(xv)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>As
promptly as practicable, and in any event on or prior to January&nbsp;15, 2026 (as such date may be extended by the Administrative Agent
in its reasonable discretion), Boxlight Australia PTY LTD and Boxlight Canada,&nbsp;Inc. shall become Guarantors and take all such actions
that are require dunder Section&nbsp;7.01(k)&nbsp;of the Credit Agreement, including, without limitation, to make such modifications
to the Loan Documents as are reasonably requested by the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 213 -->
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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="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 1in">(xvi)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;</FONT>On
or prior to January&nbsp;15, 2026 (as such date may be extended by the Administrative Agent in its reasonable discretion), the Administrative
Agent shall have received (i)&nbsp;a copy of the share register of the Belgian Loan Party as in force on the Eleventh Amendment Effective
Date, (ii)&nbsp;a list of the Bank Accounts (as defined in the Belgian Bank Accounts Pledge Agreement) of the Belgian Loan Party on the
Eleventh Amendment Effective Date, together with evidence that the perfection requirements set out in clause 3.2 of the Belgian Bank
Accounts Pledge Agreement have been complied with, (iii)&nbsp;a list of the Disclosed Receivables (as defined in the Belgian Receivables
Pledge Agreement) of the Belgian Loan Party on the Eleventh Amendment Effective Date, together with evidence that the perfection requirements
set out in clause 3.2 of the Belgian Receivables Pledge Agreement have been complied with, and (iv)&nbsp;results of a search in the Belgian
national pledge register on the Eleventh Amendment Effective Date, listing all registrations which name as pledgor the Belgian Loan Party</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 1in">(xvii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;</FONT>On
or prior to January&nbsp;15, 2026 (as such date may be extended by the Administrative Agent in its reasonable discretion), the Loan Parties
shall have delivered Account Control Agreements for each deposit account, commodities account and securities account of each Loan Party,
in each case, other than with respect to Excluded Accounts.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 1in">(xviii)<FONT STYLE="font-size: 10pt">&#8239;&#8239;</FONT>On
or prior to January&nbsp;15, 2026, (as such date may be extended by the Administrative Agent in its reasonable discretion), the Loan
Parties shall comply with Section&nbsp;7.01(m)&nbsp;of the Credit Agreement with respect to obtaining collateral access agreements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 1in">(xix)<FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>On
or prior to January&nbsp;30, 2026, (as such date may be extended by the Administrative Agent in its reasonable discretion), the Administrative
Agent shall have received a Field Examination report of the Loan Parties&rsquo;, which report shall be in form and substance satisfactory
to the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 214 -->
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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: center">Annex 1 (to Exhibit&nbsp;C)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 18%; font: 10pt Times New Roman, Times, Serif">Schedule 1.01(A)</TD>
    <TD STYLE="width: 82%; font: 10pt Times New Roman, Times, Serif; text-align: left">Lenders&rsquo; Commitments (Effective Date)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Schedule 1.01(B)</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Lenders&rsquo; Commitments (April/June&nbsp;2024 Bridge Loans)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Schedule 1.01(C)</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Lenders&rsquo; Commitments (March&nbsp;2025 Bridge Loan)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Schedule 6.01(e)</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Capitalization; Subsidiaries</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Schedule 6.01(f)</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Litigation; Commercial Tort Claims</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Schedule 6.01(i)</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">ERISA</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Schedule 6.01(l)</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Nature of Business</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Schedule 6.01(o)</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Real Property and Facilities</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Schedule 6.01(r)</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Environmental Matters</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Schedule 6.01(s)</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Insurance</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Schedule 6.01(v)</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Bank Accounts</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Schedule 6.01(w)</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Intellectual Property</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Schedule 6.01(x)</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Material Contracts</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Schedule 6.01(bb)</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Name; Jurisdiction of Organization; Organizational ID Number;
    Chief Place of Business; Chief Executive Office; FEIN</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Schedule 6.01(cc)</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Collateral Locations</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Schedule 7.01(s)</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Post-Closing Obligations<SUP>1</SUP></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Schedule 7.02(a)</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Existing Liens<SUP>2</SUP></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Schedule 7.02(b)</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Existing Indebtedness</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Schedule 7.02(c)</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Capitalized Lease Obligations</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Schedule 7.02(e)</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Existing Investments</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Schedule 7.02(h)</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Transactions with Affiliates</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Schedule 7.02(i)</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Limitations on Dividends and Other Payment Restrictions</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>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt"><SUP>1</SUP> All Schedules
other that 1.01(A), 1.01(B)&nbsp;and 1.01(C)&nbsp;would be populated based upon the Perfection Certificate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt"><SUP>2</SUP> Schedules 7.02(a),
(b), (c)&nbsp;(e), (h)&nbsp;and (i)&nbsp;would not contain any exception other than as listed on the Schedules delivered on 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"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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      <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>
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<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>7
<FILENAME>boxl-20251218_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
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</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>9
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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</head>
<body>
<span style="display: none;">v3.25.4</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>Dec. 18, 2025</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CoverAbstract', window );"><strong>Cover [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Dec. 18,  2025<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">001-37564<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">BOXLIGHT CORPORATION<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">0001624512<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">36-4794936<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">NV<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">2750 Premiere Parkway<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">Ste. 900<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">Duluth<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">GA<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">30097<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">678<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">367-0809<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">Class
    A Common Stock, par value $0.0001 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">BOXL<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NASDAQ<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
</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>
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<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>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</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>
</table></div>
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<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>
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<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>
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<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>
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<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>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
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<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>
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<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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<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>
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<td style="white-space:nowrap;">dei_EntityFileNumber</td>
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<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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<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>dei:edgarStateCountryItemType</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>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_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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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<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>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
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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>dei:employerIdItemType</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>
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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>
</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>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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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>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<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>
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<tr>
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<td>dei:securityTitleItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SecurityExchangeName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="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 Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<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_SecurityExchangeName</td>
</tr>
<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>dei:edgarExchangeCodeItemType</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>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_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 style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<tr>
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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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<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>
<td>dei_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>dei:tradingSymbolItemType</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>
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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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<tr>
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<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>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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