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EX-10.1 2 ex101_q125xbrftelecoms-cre.htm EX-10.1 页面

定义的术语。

其他解释性规定。

会计术语。

四舍五入。

每日时刻。
UCC条款。

Rates.
第二条
承诺和长期贷款
定期贷款;定期贷款承诺。

[保留]。
[保留]。

[保留]。
[保留]。
可选预付款。

强制预付款。

[保留]。

偿还定期贷款。

利率和违约率。

第五条

1.01 陈述和保证 1

1.02 存在、资格和权力。 37

1.03 授权;无违规行为。 38

1.04 政府授权;其他同意。 39

1.05 目录39

1.06 （续）39

1.07 页面40

约束作用。财务报表;无重大不利影响。 40

2.01 诉讼。 40

2.02 无默认。 42

2.03 财产所有权。 42

2.04 环境合规性。 42

2.05 保险 42

2.06 税 42

2.07 ERISA合规性。 42

2.08 按金规定;投资公司法。 44

2.09 管理公开 44

2.10 遵守法律。 44

2.11 书籍和记录。 44

2.12 检查权。 45

2.13 收益的使用。 45

2.14 材料合同。 46

2.15 保证义务的契约。 47

2.16 提供安全的契约。 48

2.17 进一步的石棉。 49

2.18 [保留]。 50

遵守租赁条款。遵守环境法。 51

3.01 第七条51

3.02 否定契诺 55

3.03 扣押。 55

3.04 目录58

3.05 （续）59

3.06 页面59

3.07 负债累累。 60

投资. 根本性的变化。 60

4.01 处置。 60

限制付款。业务性质的变化。 63

5.01 与附属机构的交易。 63

5.02 繁重的协议。 63

5.03 收益的使用。 63

金融服装。

[保留]。

组织文件的修改;财年;法定名称、组建状态;实体形式和会计变更。

5.04 出售和回租交易。 64

5.05 债务的预付款等。 64

5.06 [保留]。 65

5.07 [保留]。 65

5.08 于对俄制裁 65

5.09 第八条65

5.10 违约事件和补救措施 65

5.11 违约事件。 66

5.12 违约事件后的补救措施。 66

5.13 资金的应用。 67

5.14 第九条67

5.15 行政代理机构 68

5.16 代表和担保的生存。 68

5.17 可分割性 68

5.18 更换贷款人。 68

5.19 管辖法律;管辖权;等 68

5.20 放弃陪审团审判。 68

5.21 从属。 69

5.22 没有咨询或信托责任。 70

5.23 发票和某些其他文件的电子签署。 71

5.24 美国爱国者法案通知。 71

5.25 借款代理规定。 71

放弃代位权。修改和重述;没有更新。 71

6.01 目录71

6.02 （续）73

6.03 页面76

6.04 借款人准备的时间表77

6.05 附表1.01（c）负责人员77

6.06 时间表5.06 诉讼77

6.07 附表5.10 保险77

6.08 附表5.11 税务 78

6.09 附表5.12 养老金计划78

6.10 附表5.20（a）子公司、合资企业、合作伙伴和其他股权投资78

6.11 附表5.20（b）贷款方79

6.12 附表5.21（b）（i）知识产权79

6.13 附表5.21（c）文件、文书和有形查特尔纸79

6.14 附表5.21（d）（i）存款账户和证券账户79

6.15 附表5.21（d）（ii）电子Chatter纸片和信用证权利80

6.16 附表5.21（e）商业侵权索赔81

6.17 附表5.21（f）质押股权81

6.18 附表5.21（g）（i）其它性质81

附表5.21（h）重大合约附表7.01 现有优先权81

7.01 附表7.02 现有债务81

附表7.03 现有投资

时间表7.08 关联交易

附表11.06（b）非指派人员

7.02 行政代理准备的时间表83

7.03 附表1.01（a）某些通知请求84

7.04 附表1.01（b）承诺和适用的费用85

7.05 展品86

7.06 表现出行政调查问卷形式87

7.07 附件B 转让和假设的形式87

7.08 附件C 合规证书格式87

7.09 附件D 合资协议形式88

7.10 附件E 贷款通知形式88

7.11 附件F 期限票据形式88

7.12 附件G 担保方指定通知表格90

7.13 附件H 偿付能力证明格式90

7.14 附件I 官员证书格式90

7.15 附件J 美国税务合规证书的形式90

7.16 附件K 资助赔偿函形式90

7.17 附件L 房东豁免的形式90

7.18 附件M 财务状况证明格式90

附件N 分享保险信息授权表证据O 贷款提前还款通知表90

8.01 修订和恢复的信用协议90

8.02 本经修订和重述的信贷协议于2025年1月6日生效，由BRPI收购有限责任公司（特拉华州有限责任公司）（“93

8.03 Holdco93

“），LINGO MANAGEMENT，LLC，一家特拉华州有限责任公司（“Lingo94

9.01 “），UNITED ONLINE，INC.特拉华州公司（“94

9.02 United Online95

9.03 ）和YMAX公司，特拉华州的一家公司（“95

9.04 YMax96

9.05 “，并与Holdco、Lingo和United Online一起，97

9.06 借款人97

9.07 总体而言，98

9.08 借款人98

9.09 “），有担保担保人（在此定义）、贷款人（在此定义）和加州银行（作为加州银行的利益继承人，N.A.，作为行政代理人。98

9.10 初步陈述99

9.11 鉴于100

9.12 双方希望将原始信贷协议（定义见本文）全文修改并重述为本协议100

除其他事项外，规定：（i）贷方向借款人提供新的定期贷款，原始本金总额为80，000，000美元，借款人应使用其收益以及借款人在本协议日期的现金付款，全额偿还未偿债务余额（根据原始信贷协议并定义，“原始信贷协议义务101

10.01 ”），以及（ii）做出某些其他修改，所有修改均如下。101

10.02 鉴于102

10.03 ，贷方已同意向借款人提供此类定期贷款，并允许借款人根据本文规定的条款和条件申请此类额外的可选定期贷款。102

10.04 现在你们要103

10.05 ，考虑到此处包含的相互契约和协议，双方约定并同意如下：103

10.06 第一条103

iii

行政调查问卷

“指基本上以以下形式存在的行政调查问卷

附件A

10.07 或行政代理批准的任何其他形式。103

10.08 受影响的金融机构103

10.09 “指（a）任何欧洲经济区金融机构或（b）任何英国金融机构。 104

10.10 附属公司104

10.11 “对于指定的人来说，是指直接或通过一个或多个中间人间接控制或受指定的人控制或共同控制的另一个人。104

总承诺”是指所有贷方的承诺。104

11.01 协议104

11.02 “指本修订和重述的信贷协议，该协议可能会不时修订、修改和重述或补充。106

11.03 适用按金108

11.04 “指的是，对于任何一天，下面列出的与当时有效的适用水平（基于合并总融资债务比率）相对的年利率差，将添加到SOFR期限：109

11.05 水平111

11.06 综合总 111

11.07 融资债务比率115

11.08 适用按金116

11.09 ˃ 2.00:1.00117

11.10 ˃ 1.50:1.00117

11.11 ≤ 2.00：1.00118

11.12 > 1.00：1.00且≤ 1.50：1.00118

11.13 ≤ 1.00:1.00118

11.14 因合并总融资债务比率变化而导致的适用按金的任何增加或减少应自根据 119

11.15 第6.02（b）节120

11.16 提供122

11.17 然而，122

11.18 如果未按照该节规定在到期时交付合规证书，则应要求贷款人的要求，在每种情况下，自要求交付合规证书之日后的第一个营业日起，第1级应适用，并在每种情况下，在交付合规证书之日后的第一个营业日之前一直有效。123

11.19 尽管本定义载有任何相反的规定，（a）任何时期适用按金的确定均应遵守第2.10（b）和（b）条的规定适用按金应在第2级中列出，从重述截止日期起，直至根据第6.02条向行政代理交付合规证书之日起的第一个营业日（b）截至2025年3月31日的财政季度。适用按金的任何调整均适用于当时存在或随后做出或发放的所有定期贷款。123

11.20 获批经费123

11.21 “指由（a）分包商、（b）分包商的附属公司或（c）管理或管理分包商的实体或实体的附属公司管理或管理的任何基金。124

11.22 编排者124

“指的是加州银行，其作为唯一的首席发行人和唯一的图书经理。

资产处置

“指任何借款人或任何有担保担保人的任何财产、业务或资产（在正常业务过程中处置的现金和现金等值物除外）的出售、出售和回租、转让、转让、交换、许可、租赁或其他处置（包括通过合并、合并或合资企业）;

提供

资产处置不应包括以下任何内容：

在正常业务过程中销售库存或履行服务;

贷款方之间的资产或财产处置;

任何借款人或有担保担保人合理认为构成客户账户出售或折扣的正常业务过程中的处置无法收回;

关于租赁的处理，（a）对于任何人的任何融资租赁义务，该人截至该日期根据GAAP编制的资产负债表上出现的资本化金额，和（b）对于任何合成租赁义务，剩余租赁的资本化金额或相关租赁或其他适用协议或工具项下的类似付款如果该租赁或其他协议或工具被核算为融资租赁义务，则在该人截至该日期根据GAAP编制的资产负债表上。

已审计财务报表

“统称为截至2023年12月31日财年的（i）Holdco及其子公司和（ii）Lingo及其子公司的经审计合并资产负债表，以及相关的合并利润或运营表2023年12月31日财年及其子公司的合并利润或运营表，股东权益和现金流量，包括其注释。

共享保险信息的授权

“指实质上以以下形式的授权

附件N

(or贷款方的每家保险公司要求的其他形式）。

自救行动

“指适用的决议机构对受影响金融机构的任何责任行使任何减记和转换权力。

自救立法

“指（a）对于实施欧洲议会和欧盟理事会第2014/59/EU号指令第55条的任何欧洲经济区成员国，欧盟救助立法表中不时描述的针对该欧洲经济区成员国的实施法律、法规、规则或要求，以及（b）对于英国，2009年英国银行法第一部分（经不时修订）以及适用于英国的任何其他法律、法规或规则，涉及不健全或倒闭的银行、投资公司或其他金融机构或其附属机构的解决方案（通过清算、管理或其他破产程序除外）。

受益所有权认证

“是指《受益所有权法规》要求的有关受益所有权的认证，该认证在形式和实质上应与贷款辛迪加和交易协会以及证券业和金融市场协会于2018年5月联合发布的《关于法人实体客户受益所有人的认证》的形式基本相似。

实益所有权监管

”是指31 CFR§ 1010.230

福利计划

「指（a）项中的任何一项」

员工福利计划

「（如ERISA中的定义）受ERISA第一条约束，（b）a」

计划

「如本法令第4975条中定义并受其约束，或（c）其资产包括（就ERISA而言）第3（42）条或就ERISA第I篇或守则第4975条而言）任何此类资产的任何人」

员工福利计划

「或」

计划

加州银行

“是指加州银行，作为加州银行的利益继承人，NA，及其继任者和分配者。

破产法

「指美国法典第二章，题为」

破产

“从现在起有效，或任何后续法规。

基本费率

“对于任何一天，年利率等于（x）该日有效的联邦基金有效利率加上每年1%的½，和（y）美国银行公布的「最优惠利率」的年利率中的较大者

华尔街日报

截至该日期;

提供

如果基本费率小于零，则就本协议而言，该费率应被视为零。基本费率是参考费率，不一定代表向任何客户实际收取的最低或最佳费率。贷方可以按基本利率、高于或低于基本利率的利率发放商业贷款或其他贷款。如果出于任何原因，行政代理人应确定（在没有明显错误的情况下，该确定应为决定性的）由于任何原因无法确定联邦基金利率，包括行政代理无法或未能根据本协议条款获得足够的报价，基本费率应在不考虑本定义第一句第（x）条的情况下确定，直到导致这种无力的情况不再存在。由于联邦基金利率或「最优惠利率」（视情况而定）的变化而导致的基本利率的任何变化应于联邦基金利率或「最优惠利率」（视情况而定）的变化生效日期生效。

董事会“对于任何人而言，指该人的董事会（或类似经理），或经正式授权代表董事会（或类似经理）行事的任何委员会。借款人”和“借款人“具有本文件导言段中所规定的各自含义。借款人材料“具有在中指定的含义第6.02节借贷“指根据本协议的条款和条件向贷方借入定期贷款。借款代理人”意味着Holdco。靶心“是指BullsEye Telecom，LLC，一家密歇根州有限责任公司

营业日

“指周六、周日或商业银行根据加利福尼亚州法律被授权关闭或事实上已关闭的其他日子以外的任何日子，但如果该日子与SOFR贷款有关，「工作日」一词不包括证券业与金融市场协会（SIFMA）建议其成员的固定收益部门全天关闭，以交易美国政府证券。资本支出 “对于任何人来说，指的是任何时期内与购买或以其他方式收购任何固定或资本资产（不包括适当计入当前运营的正常更换和维护）有关的任何支出，根据GAAP，这些支出或需要作为资本支出纳入该人的综合现金流量表中。现金等价物“指以下任何类型的投资，只要借款人或其任何子公司拥有，且不受所有优先权（许可优先权除外）影响：

由美国或其任何机构或工具发行或直接、无条件和充分担保或保险的现成证券，到期日不超过自收购之日起三百六十五天（365）天;前提是美国的充分信誉和信用承诺支持该证券;美国任何其他机构、美国任何州或任何此类州的任何政治分区或其任何公共工具发出的任何现成的直接债务，到期日不超过自收购之日起三百六十五天（365），在每种情况下评级至少为“

「来自标准普尔或至少」“来自穆迪;

任何以美元计价的定期存款、有保险的存款单、隔夜银行存款或银行背书（i）根据美国、其任何州或哥伦比亚特区的法律组建的贷方或商业银行，（y）”
最终母公司未能直接或间接拥有和控制母公司100%的股权;

1.01母公司未能直接或间接拥有和控制任何借款人100%的股权;或

除非条款允许

“第7.04节根据本协议，任何借款人未能直接或间接拥有和控制其任何作为贷款方的子公司100%的股权，但如果该等股权转让给另一名贷款方，则该转让不构成控制权变更。代码“指1986年《国内税收法》，并不时修订。

“抵押品「意味着所有」

抵押品

““抵押文件中提到的以及根据抵押文件条款属于或打算为担保方的利益而受行政代理人优先的所有其他财产; 提供然而，，该抵押品不应包括任何除外财产。

“购买协议抵押品转让“是指借款人、靶心和行政代理人之间于2022年8月16日签署的购买协议项下的某些抵押权转让。

“抵押品文件“统称担保协议、每份合资协议、购买抵押转让协议、每份担保协议、质押协议或根据第6.14节

“（a）最近完成的测量期的净利润，加上（b）以下是最近完成的测量期的以下内容，在计算此类净利润时扣除的范围内：（i）综合利息费用，（ii）在此期间支付或应计的联邦、州、地方和外国所得税（包括汇回资金）、税务结算，

“由Holdco的任何直接或间接母公司或代表Holdco的任何直接或间接母公司支付任何税款的费用和罚款以及任何金额，（三）折旧和摊销费用，

“（iv）非现金费用、费用、减记和损失（不包括任何此类非现金费用、费用、减记或损失，但前提是（A）过去会计期间存在与此类费用、费用、减记和损失相关的现金费用，或（B）合理预期未来会计期间将存在与此类费用、费用、减记和损失相关的现金费用），包括根据FASB ASC 805的任何减损费用或购买或资本重组会计调整的影响，以及任何非现金补偿、非现金兑换（收益）损失、非现金外汇损失和与归属有关的非现金费用以及任何减损费用或资产核销和无形资产摊销，（v） [保留]，

“（六）任何其他或有或延期付款义务（包括遣散费、保留费、非竞争付款和咨询付款），总额不超过500，000美元;（七）总额不超过1，000，000美元的任何交易相关费用，

“（八）在重述截止日期一周年之前发生的与本协议的谈判、文件编制或结束有关的费用、成本和支出总额不超过500，000美元，（ix）股票补偿费用和其他非现金补偿费用（包括递延非现金补偿费用），

“（x）主协议和掉期的未实现损失，（十一）诉讼或争议解决费用或收益总额不超过2，000，000美元;


（十二）与任何贷款文件的任何修改、修改或补充相关的所有费用、成本和开支的金额，包括与此相关的任何同意费或豁免费，总额不超过750，000美元，	（十三）业务中断保险收益（以实际收到的金额为准），（十四） [保留]，	（xv）已终止业务、被剥离的合资企业和其他被剥离的投资（或与之相关的）造成的损失和费用，
1	（xvi）与许可收购、投资和贷款文件未禁止的其他交易相关产生的或有付款或延期付款（包括非竞争付款和其他咨询付款），以及收益义务费用（包括对其的调整），在该期间发生、支付或应计的范围内，总计金额不超过1，000，000美元，	3.50%
2	（十七）根据任何管理股权计划、利润权益或股票期权计划或任何其他管理或员工福利计划或协议、养老金计划、任何股票认购或股东协议或任何分销商股权计划或协议、或任何类似股权计划或协议产生的非现金费用，但不包括任何补偿（包括奖金）在正常业务过程中支付，以及与Holdco管理层持有的股权的展期、加速或支付有关的费用（或任何直接或间接母公司）、借款人和/或任何子公司，在每种情况下，只要任何此类费用是由相关人员作为出资或出售或发行股权而投入的净收益资金提供的，以及（十八）在重述截止日期后18个月或之前结束的任何计量期间，归因于劳动力和人员成本资本化的非现金损失或费用，	3.25%
3	较少	3.00%
4	（c）不得重复，并且在反映为收益或以其他方式计入该期间净利润的计算的情况下（i）非现金收益（不包括任何此类非现金收益，前提是（A）过去会计期间存在与此类收益相关的现金收益或（B）合理预期未来会计期间将存在与此类收益相关的现金收益）。	2.75%

尽管有上述规定，在确定任何时期或衡量的合并调整EBITDA时，应不重复，在不包括在净利润中的范围内，借款人或任何子公司在该期间收购的任何个人、财产、业务或资产的收购EBITDA（随后未出售的范围），转让或以其他方式处置（但不包括任何相关人员、财产、企业或资产的已收购EBITDA，但未如此收购）（每个此类人员、财产、企业或资产，包括根据重述截止日期之前完成且随后未如此处置的交易，“被收购实体或企业; ”），在每种情况下，均基于该暂定实体在历史暂定基础上确定的该期间的收购EBITDA（包括其在该收购或转换之前发生的部分）。, 尽管有上述规定，上述第（iv）至（xVIII）条（不包括第（VIII）条和（xv）条）的总和不得超过任何计量期合并调整EBITDA的10%。合并超额现金流

“是指，对于借款人及其子公司的任何财政年度，

“差异的

“ 以下是根据GAAP，借款人及其子公司在合并基础上确定的，不得重复：（a）该财年的合并调整后EBITDA;和（b）总和

“的：（i）该财政年度内支付的资本支出总额，但融资资本支出除外;（ii）该财政年度内应付税款的分配或支付总额;（iii）该财政年度内计划或要求的债务本金和利息付款总额;（iv）该年度内支付的债务本金预付款总额，但仅如果此类预付款项按到期顺序应用于定期贷款的本金，而不是应用于该年度到期的任何本金付款;（v）任何增加该财年的流动资金（或减去任何减少）;（vi）支付给母公司和/或或最终母公司根据共享服务安排的条款和本协议第7.08（b）条设想的其他类似交易;和（七）根据该定义第（b）条第（vi）、（七）、（xi）、（xii）、（xiii）、（xv）或（xvi）小节计算调整后综合EBITDA时考虑的加回，（VIII）任何收购EBITDA，和（ix）现金分配或股息的总额，在每种情况下，借款人及其子公司在该财年内的或由借款人及其子公司承担。综合固定费用覆盖率

(a)“指的是，截至任何确定日期，（a）（i）合并调整后EBITDA减去（ii）所有非融资现金资本支出的总额，减去（iii）以现金支付的联邦、州、地方和外国所得税的总额，减去（iv）现金分配或股息的总额，在每种情况下，借款人及其子公司在最近完成的测量期内的或由借款人及其子公司承担，

(b)到

(d)第7.02条

，加上（ii）最近完成的计量期Holdco及其子公司合并长期债务的当前部分（包括融资租赁债务的当前部分）。

(e)合并资金负债

(f)“对于借款人及其子公司来说，截至任何确定日期，在合并基础上，指（a）借入资金的所有债务（无论是当前还是长期）的未偿本金额的总和（包括项下的义务）以及债券、债券、票据、贷款协议或其他类似工具证明的所有义务;（b）所有购买资金负债;（c）已签发和未偿还信用证可提取的最高金额（包括备用和商业）、银行背书、银行担保、担保债券和类似工具;（d）有关财产或服务延期购买价格的所有义务（正常业务过程中的应付贸易账款除外），前提是该账款需要在根据GAAP编制的资产负债表上显示为长期负债;（e）所有归因债务;（f）在定期贷款到期日之前购买、赎回、报废、冲销或以其他方式付款的所有义务，涉及任何股权或收购该股权的任何担保、权利或选择权，如果是可赎回优先权益，按其自愿或非自愿清算优先权加上应计和未付股息中的较大者计算;（g）不重复，与控股公司或任何子公司以外的人员的上述第（a）至（f）款规定的未偿债务类型有关的所有担保;及（h）控股公司或子公司为普通合伙人或合营者的任何合伙企业或合营企业（本身为公司或有限责任公司的合营企业除外）的上述第（a）至（g）款所述类型的所有债务，除非该债务明确规定对控股公司或该子公司无追索权。综合利息费用“指的是，对于任何测量期，（a）与借入资金有关的所有利息、溢价付款、债务折扣、费用、收费和相关费用的总和（包括资本化利息）或与资产的延期购买价格有关，在每种情况下，根据GAAP视为利息的范围内，（b）就已终止业务已付或应付的所有利息和（c）融资租赁义务项下根据GAAP视为利息的租金支出部分，在每种情况下，借款人及其子公司在最近完成的计量期内在合并的基础上进行或由借款人及其子公司进行。

(g)综合总资金债务比率

(h)“指截至任何确定日期，（a）截至该日期的合并融资债务与（b）最近完成的测量期的合并调整EBITDA的比率。合同义务“就任何人而言，指该人发行的任何证券的任何规定，或该人作为一方或其任何财产受约束的任何协议、文书或其他承诺的任何规定。(i)位董事继续留任

““指（a）担任董事的任何董事会成员（或类似经理）在重述结束日期，以及（b）在重述结束日期后成为董事会成员的任何个人，如果该个人获得大多数持续董事批准、任命或提名选举进入董事会，但不包括在与董事选举相关的实际或威胁的选举竞争中最初提议选举以反对在重述截止日期任职的董事会的任何此类个人适用贷款方的（或类似管理人员），其最初就职是由于此类争议或其和解而产生的。控制“指直接或间接拥有指导或促使某人的管理层或政策的方向的权力，无论是通过行使投票权的能力、合同还是其他方式。“控管「和」受控

““具有与之相关的含义。在不限制上述规定的一般性的情况下，如果一个人直接或间接拥有投票权的百分之十（10%）或更多具有选举董事、管理普通合伙人或同等人员的普通投票权的证券的权力，则该人应被视为受另一人控制。收购成本“就任何收购而言，指于签订任何协议之日以下金额的总和（没有重复）：（a）与该收购相关将转让的Holdco或任何子公司的股权价值，（b）任何现金金额和其他财产的公平市场价值（不包括（a）条中描述的财产和任何债务工具的未付本金）作为与此类收购相关的对价，（c）金额Holdco或任何子公司因此类收购而产生、承担或收购的任何债务（使用面值或到期应付金额，以较大者为准），（d）所有以收益和其他或有义务形式的额外购买价格金额，这些金额应根据GAAP记录在最终母公司及其子公司的财务报表中，与此类收购有关，（e）根据GAAP应记录在借款人及其子公司财务报表中的不竞争契约和咨询协议方面支付的所有金额，以及与此类收购相关的其他附属合同，以及（f）最终母公司或任何子公司就此类收购提供的所有其他对价的总公平市场价值。为了确定任何交易的收购成本，Holdco的股权应根据GAAP进行估值。“就任何人而言，指该人根据其条款（或根据可转换或可交换的任何证券的条款，强制或由持有人选择）或在发生任何事件或条件时发行的任何股权：

“到期或强制赎回（仅针对该人发行的不构成无资格股本的股权和现金代替该股权的零碎股份），无论是根据偿债基金义务还是其他;可强制或根据持有人的选择，转换或交换债务或股权（仅针对该人发行的不构成不合格股本的股权和现金代替该股权的零碎股份）;或

“可赎回（仅赎回该人发行的不构成不合格股本的股权和现金代替该股权的零碎股份的股权除外）或要求该人根据其持有人的选择全部或部分回购;在每种情况下，在定期贷款到期日后91天或之前（在发行此类股权时确定）; 提供，（i）任何人发行的股权，不会构成被取消资格的股本，但其条款赋予持有人在发生「资产出售」或「控制权变更」时要求该人赎回或购买该股权的权利（或类似交易）不应构成被取消资格股本，如果任何此类要求受到信贷终止日期之前发生的限制和（ii）如果任何人发行的股权是根据任何为员工、高级职员、

“Holdco的董事、经理、管理层成员或顾问（或其任何直接或间接母公司）或其任何子公司或通过任何此类计划向此类人士提供，该股权不应仅仅因为Holdco可能要求回购而构成被取消资格的股本（或其任何直接或间接母公司）或其任何子公司，以满足该人员的适用法定或监管义务。已解除贷款方

““指根据允许的贷款方解散而解散的任何贷款方美元

“「和」“意思是美国的合法货币。

“国内子公司“指根据美国任何政治部门的法律组建的任何子公司。

“提前终止费“该术语的含义在第2.11（c）节欧洲经济区金融机构“指（a）在任何欧洲经济区成员国设立的、受欧洲经济区决议机构监督的任何信贷机构或投资公司，（b）在欧洲经济区成员国设立的、是本定义第（a）条所述机构母公司的任何实体，或（c）在欧洲经济区成员国设立的任何金融机构，该机构是（a）或（b）条所述机构的子公司符合这一定义，并受到其母公司的统一监督。第7.11（c）节股权“就任何人而言，指的是所有股本股份（或其他所有权或利润权益）该人、从该人购买或收购股本股份的所有认购权、期权或其他权利（或其他所有权或利润利益）该人，所有证券可转换为或交换为股本股份（或其他所有权或利润权益）该人员或凭证，从该人购买或收购该股份的权利或期权（或此类其他利益），以及该人的所有其他所有权或利润利益（包括其中的合伙企业、成员或信托权益），无论有投票权或无投票权，也无论该等股份、认购权、权利或其他权益在任何确定日期是否尚未行使（但在此类转换或交换之前，不包括可转换或交换为上述任何一项的任何债务）。股票发行”

““是指任何贷款方或任何子公司向任何人发行其股权，但（a）根据期权或期权的行使而发行其股权，（b）根据任何债务证券转换为股权或将任何类别的股权证券转换为任何其他类别的股权证券而发行的任何股权，及（c）与其股权相关的任何期权或认购证的发行。术语“股票发行

““不应被视为包括任何处置。ERISA“指经修订的1974年《雇员退休收入保障法》以及据此颁布的规则和法规。ERISA附属公司

““是指本准则第414（b）或（c）条（以及本准则第414（m）和（o）条，就本准则第412条相关条款而言）与任何借款人共同控制的任何贸易或业务（无论是否成立）。ERISA事件「指（a）与养老金计划有关的应报告事件;（b）任何借款人或任何ERISA附属机构在该实体是养老金计划的计划年内退出ERISA第4063条规定的养老金计划」重要雇主“如ERISA第4001（a）（2）条所定义，或ERISA第4062（e）条下被视为此类撤回的业务停止;（c）ERISA第4203条含义内的完全退出，或ERISA第4205条含义内的部分退出，任何借款人或任何ERISA关联公司从多雇主计划或多雇主计划正在重组的通知中获得;（d）任何借款人或任何ERISA附属机构根据ERISA第4041（c）条向PBGC提交终止意向通知;（e）PBGC启动终止养老金计划的程序，但前提是PBGC已将此情况通知借款人或ERISA附属机构（如适用）;（f）任何借款人或任何ERISA附属机构从PBGC收到有关终止任何养老金计划意图的书面通知;（g）确定任何养老金计划被视为有风险计划（符合《准则》第430条或ERISA第303条的含义）或处于濒危或危急状态的计划（在《准则》第432条或ERISA第305条的含义内）;（h）对任何借款人或任何ERISA附属机构施加ERISA第IV条下的任何责任，但ERISA第4007条下到期但未拖欠的PBGC保费除外;或（i）对于任何多雇主计划，ERISA第4064条的规定适用。违约事件

““具有在中指定的含义第8.01节

“排除账户“具有在中指定的含义

“第6.13节排除的财产「对于任何贷款方来说，指（a）位于美国境外的任何拥有或租赁的不动产，（b）任何知识产权，其完善的优先权并未通过提交统一商法典融资声明或向美国版权局或美国专利商标局提交的此类优先权的适当证据而生效，（c）（i）任何排除子公司的投票股权以及任何排除子公司拥有的任何和所有资产、财产或股权;和（ii）任何CFC的投票股权，仅限于该股权占该CFC未偿投票股权的65%以上;（d）任何租赁、许可、特许经营、特许经营或其他政府授权，或任何贷款方作为一方的任何其他合同或协议，及其项下的任何权利或权益或受其约束的资产，如果（i）任何适用法律禁止以行政代理人为受益人的优先权，或（ii）任何此类租赁、许可证、章程、政府授权、合同或协议的条款、规定或条件，并且此类禁止或限制尚未被放弃或未经此类合同另一方同意，尚未获得租赁、许可、许可或许可协议;条件是，在每种情况下，（A）本条款（d）的上述排除不应以任何方式解释为（1）适用于任何所描述的禁止或限制在第9-406、9-407、9-408条下无效的程度，或《统一商法典》第9-409条或其他适用法律（包括债务人救济法），或（2）适用于已获得任何同意或放弃，允许行政代理人的担保权益或扣押，尽管对质押有禁止或限制此类合同、租赁、许可、许可或许可协议的适用范围，以及（B）上述第（a）至（d）条的排除不得解释为限制、损害或以其他方式影响行政代理人的任何、任何授予人对任何授予人的任何权利或利益的持续担保权益以及对（1）根据任何描述的合同、租赁、许可协议或股权或与之相关的到期或即将到期的款项（包括任何账户或股权），或（2）任何此类合同、租赁、许可协议的销售、许可、租赁或其他处置的任何收益，或股权）;（e）」.

“意向使用“未根据15 U.S.C.提交声称使用或使用声明的修正案的美国商标申请§1051（c）或U.S.C. 15§1051（d）分别或如果提交，则被视为不符合15 U.S.C.§1051（a）或（c），双方同意，就本协议和贷款文件而言，不授予行政代理人任何“

“意向使用“美国商标申请旨在是其当前转让;前提是在提交并接受根据美国法典15条声称使用的修正案后第1060（a）条（或任何后续条款），此类意图使用商标申请应被视为抵押品;前提是，在每种情况下，排除财产不应包括任何贷款方对上述条款（a）-（i）中描述的任何资产的收益的权利（或收取收益的权利）或任何贷款方与之相关或可归因的任何业务的任何善意。

“被排除的子公司“意味着魔法杰克声乐有限公司，以色列有限公司和TDsoft Ltd.，一家以色列有限公司。

“互换债务除外“对于任何贷款方来说，指的是任何互换义务，如果且在此范围内，该贷款方的全部或部分担保或该贷款方授予的优先权以担保，此类互换义务根据《商品交易法》（或其任何担保）是非法的或变得非法的（或其申请或官方解释）由于贷款方因任何原因未能构成“

“符合条件的合同参与者“如《商品交易法》中的定义（在生效后确定

“第10.11节以及任何其他”

(a)维好

(b)“为该贷款方的利益提供的支持或其他协议以及其他贷款方对该贷款方互换义务的任何和所有担保），在该贷款方的担保或该贷款方授予的优先权对该互换义务生效时。如果在管辖多份掉期合同的主协议下产生掉期义务，则此类排除仅适用于 A-1此类掉期义务中归因于掉期合同的部分，根据本定义的第一句，此类担保或扣押被排除或变得被排除在外。P-1不含税

(c)“指对任何分包商征收或就任何分包商征收的以下任何税收，或要求从向分包商支付的付款中扣除或扣除的任何以下税收，（a）对净收入征收或按净收入衡量的税收（无论如何命名）、特许经营税和分支机构利润税，在每种情况下，（i）由于该分支机构根据其法律组织或拥有其主要办事处而征收，对于任何贷方，其贷款办公室位于征收此类税款的司法管辖区（或其任何政治分支）或（ii）其他联系税，（b）对于分包商，美国联邦预扣税根据法律，就贷款或承诺中的适用利息，对应付给此类贷款人或为其账户的款项征收自（i）该贷款人获得贷款或承诺中的该权益之日起生效（根据借款人根据第11.13节）或（ii）该贷方改变其贷款办公室，除非在每种情况下，根据

(d)第3.01（a）（ii）节P-1第3.01（b）节A-1 或

(e)第3.01（c）节

“，与此类税款相关的金额应在该贷款人成为本协议一方之前支付给该贷款人的转让人，或在该贷款人变更其贷款办事处之前支付给该贷款人，（c）归因于该贷款人未能遵守的税款第3.01（e）节

和（d）根据FATCA征收的任何美国联邦预扣税。

“现有信用证义务“是指描述的不可撤销备用信用证

“附表7.02设施终止日期

““指所有义务（或有赔偿义务除外）已全额支付的日期。FASB ASC“指财务会计准则委员会的会计准则法典。FATCA

““是指截至本协议签订之日的《准则》第1471至1474条（或实质上具有可比性且遵守的任何修订版或后续版本）、任何当前或未来的法规或其官方解释以及根据《准则》第1471（b）（1）条签订的任何协议。联邦基金利率

(a)“指任何一天的年利率，等于联邦基金经纪人在该日安排的与联邦储备体系成员的隔夜联邦基金交易利率的加权平均值，由纽约联邦储备银行在该日之后的下一个营业日发布;前提是（a）如果该日不是工作日，则该日的联邦基金利率应为前一个工作日此类交易在下一个工作日发布的利率，和（b）如果下一个营业日没有如此公布该利率，则该日的联邦基金利率应为该日向加州银行收取的平均利率（如有必要，向上四舍五入至1%的1/100的整倍），由行政代理确定。

(b)费用信

(c)“指借款人和行政代理之间日期为重述截止日期的书面协议。

(d)融资租赁承担“对于任何人来说，指该人支付任何不动产或个人财产租赁或其组合项下的租金或其他金额的义务，根据GAAP，这些义务在该人的资产负债表上作为融资租赁（而不是经营租赁或使用权资产）核算，以及，就本文而言，该等金额任何时候的义务均应为根据GAAP确定的当时资本化金额。

“融资资本支出“所有不使用运营现金融资的资本支出，包括所有资本支出（a）使用长期债务收益融资（定期贷款除外）;（b）（i）来自保险收益（或其他类似的追回）因被替换或恢复的资产的损失或损坏而支付的，（ii）因征用权占用或没收被替换资产而产生的赔偿金，（iii）不适用于根据

“第2.7节，或（iv）来自股票发行的收益;（c）代表与现有设备换入同时购买的设备的购买价格，但该购买价格的总额减去该设备卖方为当时换入的设备授予的信贷额，或（d）代表Holdco合并资产负债表中反映为不动产、厂房或设备增加的任何资本化利息费用。财务契约治愈金额“这一术语的含义是否在第7.11（c）（i）节, 财务契约违约“这一术语的含义是否在

“第7.11（c）节外国贷款人

““指（a）如果借款人是美国人，则非美国人的借款人;和（b）如果借款人不是美国人，则指根据借款人居住的司法管辖区以外的司法管辖区的法律居住或组织的借款人。出于税务目的。就本定义而言，美国、各州和哥伦比亚特区应被视为构成一个单一司法管辖区。外国子公司

“是指任何非国内子公司的子公司。FRB担保人

““统称为（a）最终母公司、（b）母公司、（c）每个借款人的国内子公司（任何除外子公司除外）根据以下内容随时成为或可能成为本协议的当事方第6.13节

“（d）关于任何贷款方或其任何子公司所欠的额外担保债务以及特定贷款方的任何掉期义务（在生效前确定第10.01节

“和第10.11节）担保项下的借款人，以及（e）对于本协议项下任何借款人的义务，每个其他借款人。担保

““统称：（a）有担保担保人根据第X条为担保方做出的担保，（b）每个借款人根据第XII条以担保方为受益人，（c）最终母担保、（d）母担保和（e）根据 .

“第6.13节危险材料

““系指所有爆炸性或放射性物质或废物，以及所有危险或有毒物质、废物或其他污染物，包括石油或石油馏出物、石棉或含石棉材料、多氯联苯、氡气、传染性或医疗废物，以及根据任何环境法管制的任何性质的所有其他物质或废物。对冲银行

““是指任何以掉期合同一方身份的人，在签订掉期合同时并未被禁止第六条

“ 或，是分包商或分包商的附属公司，作为该互换合同的一方（即使该人员不再是分销商或该人员的关联公司不再是分销商）;前提是，如果与不再是承租人的人签订有担保对冲协议（或分包商的关联公司），该人员仅在指定终止日期之前才被视为对冲银行（无需延期或续订）该担保对冲协议，并进一步规定上述任何内容均应包含为“

有担保的对冲协议

“在行政代理人确定的任何日期，适用的对冲银行（行政代理人或行政代理人的附属机构除外）必须在该确定日期之前向行政代理人提交了担保方指定通知。

Holdco

“具有本协议导言段中规定的含义。

Holdco票据

“是指Holdco向MagicJack支付的与MagicJack收购相关的原始本金额为117，300，000美元的某些无担保期票。

负债

“对于任何人来说，在特定时间，除非重复，否则指以下所有内容，如果并且在一定程度上（除第（h）条外），这些内容将根据GAAP被包括为债务或负债：

（a）该人对借款的所有义务以及该人的所有义务由债券、债券、票据、贷款协议或其他类似工具证明;

（b）该人根据信用证（包括备用和商业）、银行背书、银行担保和类似工具产生的所有直接或或有义务的最高金额;

（c）该人员在任何掉期合同下的净义务;

（d）该人员支付财产或服务延期购买价格的所有义务（正常业务过程中应付且逾期未超过该贸易账户创建之日后六十（60）天的贸易账户除外），以要求在根据GAAP编制的资产负债表上显示为长期负债;

（e）由该人拥有或正在购买的财产的优先权担保的债务（不包括预付利息）（包括根据有条件销售或其他所有权保留协议产生的债务），无论该债务是否已由该人承担或追索权有限;

（f）与该人员的融资租赁义务和合成租赁义务以及该人员的所有合成债务有关的所有归属债务;

（g）该人员购买、赎回、报废、冲销或以其他方式就该人员或任何其他人员的任何股权或获取该股权的任何担保、权利或选择权进行任何付款的所有义务，对于可赎回优先权益，估值为其自愿或非自愿清算优先权加上应计和未付股息中的较大者;以及

（h）该人就上述任何事项提供的所有保证;

提供

然而，

，「债务」一词应排除并在不影响以下内容的情况下计算：（A）递延或预付收入，（B）为满足相应卖方的保证、赔偿或其他未履行义务而与资产购买价格的一部分有关的购买价格扣留，（C）习惯雇用或咨询协议下的延迟补偿，（D）归因于行使评估权和解决任何索赔或诉讼的任何义务（无论是实际的、或有的或潜在的），（E）与贷款文件未禁止的交易相关产生的任何非竞争或咨询义务，（F）在正常业务过程中与客户签订的预付合同项下的任何报销义务，（G）在正常业务过程中应付的贸易账款以及在正常业务过程中产生的应计费用和其他应计义务，（H）有关任何

不构成不合格股本的股权，（I）供应商协议下的负债，只要此类负债可以完全通过非现金方式（例如购买量赚取抵免）来满足，（J）为递延税保留的金额，（K）ERISA下产生的义务，（L）任何或有延期对价的任何部分，直到该义务成为非-根据GAAP，该人员资产负债表上的或有负债和/或该对价到期且应支付且尚未支付，（M）不允许通过贷款文件任何条款的运作支付的递延费用，和（N）贷款方与子公司之间的公司间债务。就本协议的所有目的而言，任何人的债务应包括任何合伙企业或任何合资企业的债务（本身为公司或有限责任公司的任何合资企业除外），该人士是普通合伙人或合资企业，除非该人对此类债务的责任另有限制或非-对该人的追索权，并且仅限于该债务将被包括在合并融资债务的计算中。就上述第（e）条而言，任何人的债务金额（除非该债务已由该人承担）应被视为等于（A）该债务的未付总额和（B）该人真诚确定的担保财产或资产的公平市场价值中较低者。上述第（h）条中的其他债务人所提供的担保金额应被视为等于（A）担保和未偿债务的本金额和（B）担保人根据适用法律可能对此类义务负责的最高金额中较低的金额。任何掉期合同项下任何日期的任何净义务金额均应被视为该日期的掉期终止价值。

印度子公司

“指联合在线软件开发（印度）私人有限公司，一家根据印度法律组建的私人有限公司。

信息

“具有在中指定的含义第11.07节知识产权

“具有《安全协议》中规定的含义。

“公司间债务“具有在中指定的含义第7.02节付息日期“就定期贷款（或其任何适用部分）而言，是指每个日历月的最后一个工作日和定期贷款到期日。投资 “对于任何人来说，指该人的任何直接或间接收购或投资，无论是通过（a）购买或其他收购另一人的股权，（b）向他人提供贷款、预付款或注资、担保或承担债务，或购买或以其他方式收购任何其他债务或权益，另一个人（包括该其他人的任何合伙或合资企业权益以及投资者免除该其他人债务的任何安排），或（c）购买或其他收购（在一项交易或一系列交易中）另一人的资产，构成该人或一个部门的全部或基本上全部资产，该人员的业务范围或其他业务部门。为了遵守契约，任何投资的金额应为实际投资的金额，不因该投资价值的后续增加或减少而进行调整。非自愿处置

“是指任何贷款方或任何子公司的任何财产的任何损失、损坏或破坏，或任何谴责或以其他方式为公共用途。

“美国国税局“指美国国税局。合并协议“指实质上以下列形式订立的合并协议附件D 按照规定执行和交付

“第6.13节和

“房东豁免“指房东或仓库豁免，基本上以以下形式

“展品：L法律

““统称所有国际、外国、联邦、州和地方法规、条约、规则、指南、法规、法令、守则以及行政或司法先例或权威，包括负责执行、解释或管理其的任何政府机构的解释或管理，以及所有适用的行政命令、指示职责、请求、许可证、任何政府当局的授权、许可以及与任何政府当局的协议，无论每种情况是否具有法律效力。出借人

“”是指在本协议签名页上被识别为「分包商」的每一个人员、根据本协议成为「分包商」的每一个其他人员，以及他们的继任者和转让人。“加盟协议

““指任何人（包括任何贷款人）根据第2.16条签订的联合协议或类似协议，根据该协议，该人应提供本协议项下的增量定期贷款承诺，并且（如果该人当时不是贷款人）应成为本协议的一方。出借处“就任何借款人而言，指在借款人的行政调查问卷中描述的借款人的一个或多个办公室，或借款人可能不时通知借款人和行政代理人的其他一个或多个办公室。留置权“指任何抵押、质押、质押、转让、存款安排、质押、留置权（法定或其他）、押记或优先权、优先权或其他担保权益，或任何种类或性质的担保权益性质的优先安排（包括任何有条件出售或其他所有权保留协议、任何地役权、通行权或其他不动产所有权的抵押，以及与上述任何一项具有实质上相同经济效果的任何融资租赁）。

“Lingo“具有本协议导言段中规定的含义。

“诉讼或争端解决费用或收益“是指费用或收益，包括贷款方根据GAAP设立准备金的估计损失，以及与诉讼、仲裁、调查、纠纷或类似事项相关的针对或有利于贷款方的实际和解、判决、罚款、罚款、评估或其他决议。贷款方收到的与此类事项相关的保险追回也包括在这些调整中。贷款文件.

““统称为（a）本协议、（b）票据、（c）每份担保书、（d）抵押文件、（e）费用函、（f）每份联合协议和（g）资金赔偿函。贷款通知“指借款通知，其形式大致为 , 附件E贷款方

“统称每个借款人和每个有担保担保人。

“贷款「指定期贷款（每个，a」贷款magicJack「或」magicJack

““指magicJack VocalTEC LTD，一家根据以色列法律组建的有限公司。MagicJack收购“指Holdco在重述截止日期之前收购magicJack及其子公司的所有股权。).

“主协议”具有「互换合同」定义中规定的含义。

“重大不利影响“指（a）运营、业务、财产、负债的重大不利变化或重大不利影响（实际或偶然），或条件借款人及其子公司作为一个整体的（财务或其他）;（b）行政代理人或任何贷款文件下的任何贷方的权利和补救措施受到重大损害，或任何贷款方履行其作为一方的任何贷款文件项下的任何重大义务的能力;或（c）对其作为一方的任何贷款文件的合法性、有效性、约束力或对任何贷款方的可撤销性的重大不利影响。

“材料合同“对于任何人，指（a）该人作为一方的每份合同或协议，涉及每个财政年度向该人支付或由该人支付的总代价为6，000，000美元或以上，或（b）对业务、条件（财务或其他方面）、经营、业绩或该人的财产，或（c）任何其他书面或口头合同、协议、许可或许可，任何借款人或借款人的任何子公司的违约、不履行、取消或未能续期，单独或共同地，将合理地预期会产生重大不利影响。

“测算期“指在任何确定日期，借款人最近结束的连续四（4）个财政季度的期间，根据（或要求）提交财务报表第6.01节穆迪

“指穆迪投资者服务公司及其任何继任者。多雇主计划“是指ERISA第4001（a）（3）条所述的多雇主计划，任何借款人或任何ERISA附属公司均已向该计划缴款或有义务缴款，或在前五（5）个计划年内已缴款或有义务缴款。多雇主计划“指拥有两个或多个出资赞助人（包括任何借款人或任何ERISA附属机构）的计划，其中至少两个不受共同控制，如ERISA第4064条所述。

“净收益“指（A）就任何资产处置而言，等于收到现金总额的净金额（包括根据应收票据、其他非现金对价或其他方式以延期付款方式收到的任何现金，但仅在收到此类现金时）与此类资产处置相关减去以下金额的总和：（a）合理的律师、会计师、投资银行业务、适用贷款方因此类资产处置而合理产生的财务咨询和其他习惯费用、佣金和费用（不包括应付给贷款方关联公司的任何此类费用、佣金和费用），（b）因此类资产处置而需要支付的债务（贷款除外）和（c）联邦，因此类资产处置而支付或合理估计应支付的州和地方税款;及（B）就任何股权发行或债务发行而言，净金额等于收到的现金总额（包括根据应收票据通过延期付款方式收到的任何现金、其他非现金对价或其他，但仅在收到此类现金时）与此类股权发行或债务发行有关，减去合理的律师、会计师、投资银行、财务顾问和其他习惯费用，适用贷款方因此类股权发行或债务发行而合理产生的佣金和费用（不包括应向此类贷款方的关联公司支付的此类费用、佣金和费用）。

“未经同意的贷款人“指不批准任何同意、豁免或修正案的分包商，这些同意、豁免或修正案（a）需要所有贷方或所有受影响贷方根据条款批准第11.01节及（b）已得到所需贷款人的批准。

“非违约贷款人“指《法典》和ERISA关于养老金计划最低要求缴款（包括任何分期付款）的规则，并在《法典》第412、430、431、432和436条以及ERISA第302、303、304和305条中规定。

(a)养老金计划

(b)“指受ERISA第IV条或守则第412条规定约束的任何计划（多雇主计划除外），任何借款人和任何ERISA附属机构都是ERISA第3（5）条定义的「雇主」。

(c)允许的收购

「指贷款方的收购（在该收购中将被收购的个人或部门、业务线或其他业务单位在本文中应称为」目标“），在每种情况下，借款人及其子公司根据本协议条款允许从事的一种业务（或一种业务中使用的资产），在每种情况下，只要：

（a）届时不存在违约或在违约生效后将存在违约;

“（b）借款人应向行政代理人证明，在形式上使收购生效后，（i）借款人符合形式上的要求，并符合第7.11（a）节

“和及（ii）贷款方于收购日期前的计量期间的综合经调整EBITDA（按备考基准厘定）大于或等于45，000，000元;$（c）代表担保方的行政代理人应已收到（或应在该收购完成时收到）根据以下条款就目标收购的所有财产（包括股权）中的第一优先完善担保权益：

“第6.14节目标（如果是个人）应已根据条款签署合资协议

“第6.13节（d）如果收购成本超过5，000，000美元，行政代理人和贷款人应在完成任何此类收购之前至少三十（30）天收到：（i）此类收购的重要条款说明;（ii）经审计财务报表目标公司最近两个财年以及迄今为止财年内结束的任何财年季度的（或，如果不可用，管理层编制的未经审计的财务报表）;（iii）借款人及其子公司的综合预测利润表（使该收购生效）;和（iv）在完成之前至少一（1）个工作日，由借款人负责官员签署的证书，证明该许可收购符合本协议的要求;（e）收购的企业的主要业务在美国，目标企业应根据美国政治区的法律组建;.

“（f）如果收购成本超过1，000，000美元，目标公司在收购日期前四（4）个财政季度的合并调整EBITDA（按形式确定，并根据成本协同效应、费用削减和类似好处进行调整）金额超过0美元;（g）此类收购不应是“

““是指以下各公司的解散：（a）Classmates Media Corporation，一家特拉华州公司，（b）BullsEye Business Solutions Holdings，LLC，一家密歇根州有限责任公司，（c）BullsEye Telecom of Virginia，LLC，一家弗吉尼亚州有限责任公司，（d）Lingo Telecom of the West，LLC，一家特拉华州有限责任公司，（e）Lingo Telecom of Virginia，LLC，一家弗吉尼亚州有限责任公司，（f）Impact Acquisition，LLC，特拉华州一家有限责任公司，（g）magicJack Vocaltech，Ltd.，一家以色列有限公司和（h）TDsoft Ltd.，以色列有限公司，只要该实体在解散时剩余的任何资产转让给贷款方。允许的税收分配

““是指在任何应税年度（或其部分），借款人支付现金股息或其他现金分配，以使母公司或最终母公司能够支付（1）每个相关司法管辖区与母公司或最终母公司或其代表提交的合并、合并、统一或附属申报表相关的税务责任，提供

“ 此类季度估计纳税额和年度纳税额仅限于归因于借款人和/或其适用子公司的运营和活动的此类税收负债部分，计算方式就好像借款人和/或其子公司在单独的公司基础上提交了纳税申报表一样，或（2）特许经营税和其他费用、税、以及维持母公司或最终母公司公司存在所需的费用。允许的传输“指（a）正常业务过程中的库存处置;（b）向任何借款人或任何子公司处置财产; 提供，如果该财产的转让人是贷款方，则其转让人必须是贷款方;（c）与应收账款的收取或妥协有关的应收账款的处置;（d）授予他人的许可证、再许可证、租赁或再租赁，但不干涉任何借款人或借款人的任何子公司的业务;（e）以公平市场价值出售或处置现金等值物;（f）处置陈旧、过时或不再用于业务的损坏财产;（g）本协议允许的限制性付款;（h）[保留]，和（i）任何借款人或借款人任何子公司在任何日历年总计不超过1，000，000美元的其他财产处置。).

“人“指任何自然人、公司、有限责任公司、信托、合资企业、协会、公司、合伙企业、政府当局或其他实体。

“平面图”是指ERISA第3（3）条含义内的任何「员工福利计划」（包括养老金计划），为任何借款人或任何ERISA附属公司的员工维持，或任何借款人或任何ERISA附属公司必须代表其任何员工缴款的任何此类计划。

“站台“具有在中指定的含义

“第6.02节质押股权“具有《安全协议》中规定的含义; .

“提供然而，，构成排除财产的股权不应构成质押股权; .

“提供然而，

“进一步说明，对于（a）外国子公司发行的股权，有权投票的股权不超过65%（根据财政法规第1.956-2（c）（2）条的含义）和（b）股权拥有CFC 65%（或更高）投票权的被忽视实体发行的权益，有权投票的股权（根据Treasury Reg.第1.956-2（c）（2）条的含义）不超过65%应为质押股权。BRPI原始信贷协议“是指Holdco、United Online、YMax、

“有担保担保人（如其中定义），贷方（如其中定义），加州银行作为行政代理人（如其中定义），经日期为2019年1月30日的信贷协议和联合方第一修正案、日期为2020年12月31日的信贷协议第二修正案、日期为2021年12月16日的信贷协议第三修正案修订，信贷协议第四修正案日期为2022年6月21日，信贷协议第五修正案日期为2024年3月15日，信贷协议第六修正案日期为2024年4月9日，信贷协议第七修正案日期为2024年8月22日，信贷协议第八修正案日期为2024年9月6日，信贷协议第九修正案日期为2024年9月13日，信贷协议第十修正案日期为2024年9月20日，信贷协议第十一修正案日期为2024年9月30日，信贷协议第十一修正案日期为2024年9月30日。原始信贷协议

““指原始BRPI信贷协议和原始Lingo信贷协议。原始信贷协议义务

““具有本协议初步声明中规定的含义。原始Lingo信贷协议“是指日期为8月16日的某些信贷协议。2022年，由Lingo、有担保担保人组成（如其中定义），贷方（如其中定义），加州银行作为行政代理人（如其中定义）经日期为2022年9月9日的信贷协议和联合协议的某些第一修正案、日期为2022年11月10日的信贷协议和联合协议的某些第二修正案修订，日期为2023年3月2日的信贷协议某些第三修正案、日期为2023年11月6日的信贷协议某些第四修正案、日期为2024年2月29日的信贷协议某些第五修正案、日期为2024年3月15日的信贷协议某些第六修正案，信贷协议的某些第七修正案（日期为2024年4月9日）、信贷协议的某些第八修正案（日期为2024年8月22日）、信贷协议的某些第九修正案（日期为2024年9月6日）、信贷协议的某些第十修正案（日期为2024年9月20日），以及日期为2024年9月30日的信贷协议第十一项修正案。形式合规

““对于任何交易来说，指该交易在产生形式效果后不会导致、创建或导致违约，根据最近完成的计量期间的经营业绩，（a）该交易和（b）在相关计量的第一天或之后发生的所有其他预期的或要求给予备考效力的交易期形式效应“是指，对于任何允许的分配、对一个部门或业务线的全部或绝大部分的处置或任何收购，无论是实际的还是拟议的，为了确定是否符合本协议中的任何财务契约或测试，每项此类交易或拟议交易应被视为在相关计量期的第一天发生，并进行以下形式调整：.

“（a）如果是实际或拟议的处置，所有归因于业务范围或受此类处置影响的个人的利润表项目（无论是积极还是消极）应排除在借款人及其子公司在该计量期的业绩之外;（b）如果是实际或拟议的收购，归属于该收购对象的财产、业务范围或个人的利润表项目（无论是积极还是消极）应包括在借款人及其子公司在该计量期的业绩中;关联方.

““就任何人而言，指该人的关联公司以及该人及其关联公司的合伙人、董事、高级官员、雇员、代理人、受托人、管理人员、经理、顾问和代表。相关政府机构“指联邦储备系统或纽约联邦储备银行理事会，或由联邦储备系统或纽约联邦储备银行理事会正式认可或召集的委员会，或在每种情况下，均指其任何继任者。移除生效日期“具有在中指定的含义第9.06（b）节

“可报告的事件“指ERISA第4043（c）条规定的任何事件，但免除三十（30）天通知期的事件除外。

“所需的贷款人“在任何时候，指的是承诺占所有贷方总承诺的66-2/3%以上的贷方。在任何时候确定所需贷款人时，应忽略任何违约贷款人的承诺。离职生效日期“是否具有在第9.06（a）节负责官员“指贷款方的首席执行官、总裁、首席财务官、财务主管、助理财务主管或控制人，仅为根据第4.01款

、贷款方的秘书或任何助理秘书，仅为根据

“第二条、上述任何官员在给行政代理的通知中指定的适用贷款方的任何其他官员。根据本协议交付的任何由贷款方负责官员签署的文件均应最终推定已获得贷款方所有必要的公司、合伙企业和/或其他行动的授权，并且应最终推定该负责官员已代表贷款方行事。在行政代理人要求的范围内，每名负责官员将提供一份在职证明，其形式和内容应符合行政代理人的要求。第六条或任何贷款方及其任何子公司以及任何对冲银行之间。, 有担保债务“指所有义务和所有额外有担保义务。有担保当事人“统称行政代理人、贷方、对冲银行、现金管理银行、受赔偿人以及行政代理人根据第9.05节担保交易方指定通知

““是指任何分销商或分销商的关联公司发出的通知，其形式大致为展品：G证券法.

““指1933年《证券法》，包括其所有修正案和根据该法颁布的法规。担保协议

““指借款人以行政代理人为受益人签署的担保和质押协议，日期为重述截止日期。SOFR

““指与SOFR管理人管理的担保隔夜融资利率相等的利率。SOFR贷款

““指适用利率基于SOFR期限的定期贷款。SOFR管理员

““指纽约联邦储备银行（或担保隔夜融资利率的继任管理人）。偿付能力证书

““指基本上以以下形式形式存在的偿付能力证书展品：H

溶剂

“「和」偿付能力“意味着，对于任何人在任何确定日期，在该日期（a）该人财产的公允价值大于负债总额，包括该人员的或有负债，（b）该人员资产的当前公允可出售价值不低于支付该人员对其债务绝对且到期时可能承担的责任所需的金额，（c）该人员无意，也不相信它会，产生超出该人偿还到期债务和负债的能力的债务或负债，（d）该人未从事业务或交易，也不打算从事业务或交易，该人的财产将构成不合理的小额资本，并且（e）该人能够偿还其债务和负债、或有义务和其他承诺，因为它们在正常业务过程中到期。任何时候的或有负债金额均应计算为根据当时存在的所有事实和情况，代表可以合理预期成为实际或到期负债的金额。

“指定借款方”是指当时不是《商品交易法》下「合格合同参与者」的任何贷款方（在《商品交易法》生效之前确定第10.11节.

“价差调整”意味着每年0.11448%。尽管有上述规定，如果SOFR管理人、任期SOFR管理人、相关政府机构或任何其他政府机构增加了利差调整，则根据行政代理的选择，在行政代理向借款人发出书面通知后，本项下适用的利差调整应增加相同的金额。.

“子公司「个人的」是指公司、合伙企业、合资企业、有限责任公司或其他商业实体，其大部分投票性股票股份当时由该人直接或间接通过一个或多个中间人或两者控制其管理层。除非另有规定，否则本文中所有提及的「子公司」或「子公司」均指贷款方的子公司。

“掉期合约“指（a）任何及所有利率掉期交易、基差掉期、信用衍生品交易、远期利率交易、商品掉期、商品期权、远期商品合同、股权或股权指数掉期或期权、债券或债券价格或债券指数掉期或期权或远期债券或远期债券价格或远期债券指数交易、利率期权、远期外汇交易、上限交易，场内交易、领价交易、货币掉期交易、交叉货币汇率掉期交易、货币期权、现货合约或任何其他类似交易或任何前述交易的任何组合（包括签订上述任何条款的任何选择），无论任何此类交易是否受任何主协议管辖或受任何主协议约束，以及（b）任何类型的任何及所有交易，及相关确认书，该等确认书受国际掉期及衍生工具协会公布的任何形式的主协议的条款及条件所规限或受其规管，任何国际外汇主协议或任何其他主协议（任何此类主协议，连同任何相关附表，“

“主协议”），包括任何主协议下的任何此类义务或责任。

“互换债务“对于任何贷款方来说，是指根据构成“

“交换“在《商品交易法》第1a（47）条的含义内。掉期终止值.

““指的是，对于任何一项或多项掉期合同，在考虑到与该等掉期合同相关的任何合法可执行的净结算协议的影响后，（a）在该等掉期合同被平仓并据此确定的终止价值之日或之后的任何日期，该终止价值，和（b）在第（a）条提及的日期之前的任何日期，确定为此类掉期按市值计价的金额合同，根据此类掉期合同中任何公认交易商（可能包括分包商或分包商的任何关联公司）提供的一个或多个中端市场或其他现成报价确定。合成债务.

““对于任何人来说，指的是截至任何确定日期，该人就该人达成的交易承担的所有义务，该交易旨在主要作为资金借入，但不以其他方式包含在「债务」的定义中或作为该人及其子公司根据GAAP合并资产负债表上的负债。合成租赁债务

““是指（a）所谓的合成、资产负债表外或税收保留租赁，或（b）使用或占有财产的协议下的个人货币义务（包括售后回租交易），在每种情况下，产生未出现在该人的资产负债表上的义务，但在对该人适用任何债务人救济法后，将被描述为该人的债务（不考虑会计处理）。目标”具有「许可收购」定义中规定的含义。税费“指任何政府机构征收的所有现有或未来的税收、征税、进口税、关税、扣减、预扣税（包括备用预扣税）、评估、费用或其他收费，包括任何利息、税收附加或适用的罚款。定期贷款

“「和」定期贷款“具有中指定的各自含义 .

“美国政府证券营业日，该期限的SOFR期限参考利率由SOFR期限管理人发布，只要美国政府证券营业日之前的第一个美国政府证券营业日不超过该定期期限SOFR确定日之前的三（3）个美国政府证券营业日。尽管有上述规定，在任何情况下SOFR期限均不会被视为小于零。任期SOFR管理员“指CME Group Benchmark Administration Limited（CBA）（或行政代理合理酌情选择的SOFR期限继任管理人）。期限SOFR参考率“指以SOFR为基础的前瞻性定期利率。门槛金额“意味着1，500，000美元。交易相关成本

“「是指因完成允许的收购或所需贷款人同意的收购或任何试图完成任何其他收购而产生的某些费用项目，而这些收购合理预期（如果已完成）符合定义术语的要求」允许的收购“但事实上，这些费用尚未完成，包括投资银行家、顾问、律师和会计师事务所等顾问和代表的费用。与交易相关的成本还可能包括过渡和整合成本，例如向被收购员工支付的盈利付款、保留奖金和与收购相关的里程碑付款。UCC“指加利福尼亚州有效的《统一商法典》; .

“提供如果任何担保品中的完美、完美或不完美的效果或任何担保权益的优先权受加利福尼亚州以外司法管辖的《统一商法典》管辖，”

“UCC“指就本协议中有关此类完美、完美效果或不完美或优先权的条款而言，在此类其他司法管辖区不时有效的《统一商法典》。英国救助立法“指2009年英国银行法第一部分以及适用于英国的任何其他法律或法规，涉及不健全或倒闭的银行、投资公司或其他金融机构或其附属机构的解决（通过清算、管理或其他破产程序除外）。VII英国金融机构“指任何BRRD事业（该术语的定义根据英国审慎监管局颁布的《RIA规则手册》（不时修订））或《FCA手册》IFPRU 11.6范围内的任何人员（经不时修订）由英国金融行为监管局颁布，其中包括某些信贷机构和投资公司，以及此类信贷机构或投资公司的某些附属机构。英国决议机构

““指英格兰银行或任何其他负责解决任何英国问题的公共行政当局。金融机构。最终母

“”意思是B。莱利金融公司，一家特拉华州公司。终极家长保证

““是指最终母公司以行政代理人为受益人、为担保方的利益而执行的某些无担保担保，其形式和实质内容使行政代理人合理满意。United Online

“具有本协议导言段中规定的含义。

美国

「和」

美国

“指的是美利坚合众国。

美国政府证券营业日

手段

除（i）周六、（ii）周日或（iii）证券业和金融市场协会或任何继任者建议其成员的固定收益部门全天关闭以进行美国政府证券交易的日子之外的任何一天。

美国贷款党, “是指根据美国一个州的法律组织的任何贷款方，但不是CFC。美国人

“是指任何“

“美国人士“如《守则》第7701（a）（30）条所定义。

“美国税务合规证书“具有在中指定的含义第3.01（e）（ii）（B）（3）节.

“有表决权的股票“对于任何人来说，指该人发行的股权，在没有意外情况的情况下，其持有人通常有权投票选举该人的董事（或履行类似职能的人），即使投票权已因此类意外情况的发生而暂停。3.03扣缴义务人

““指任何贷款方和行政代理人。营运资金

““指在任何确定日期，流动资产超过该日期流动负债的超出（如果有的话）。减值和折算权力

““是指，（a）对于任何欧洲经济区决议机构，根据适用欧洲经济区成员国的救助立法，该欧洲经济区决议机构不时具有的减记和转换权力，其中减记和转换权力在欧盟救助立法附表中描述，和（b）对于英国，适用的解决机构根据救助立法取消、减少、修改或改变任何英国的责任形式的任何权力金融机构或产生该负债的任何合同或文书，将全部或部分该负债转换为该人或任何其他人的股份、证券或义务，规定任何该等合同或文书具有效力，就好像其下的权利已被行使一样，或暂停有关该责任的任何义务或该保释下的任何权力-与任何这些权力相关或附属的立法。YMax

““具有本协议导言段中规定的含义。其他解释性规定。

“关于本协议和其他贷款文件，除非本协议或其他贷款文件中另有规定：本文术语的定义应同等适用于所定义术语的单数和复数形式。在文意需要时，任何代名词均应包括相应的阳性、阴性和中性形式。词语「包括」、「包括」和「包括」应被视为后面跟随短语「无限制」。「将」一词应解释为与「应」一词具有相同的含义和效果。除非上下文

“另有要求，（i）任何协议、文书或其他文件的任何定义或提及（包括贷款文件和任何组织文件）应解释为指不时修订、修改、延长、重述、替换或补充的协议、文书或其他文件（受本协议或任何其他贷款文件中规定的此类修订、补充或修改的任何限制），（ii）本协议中提及的任何人士应解释为包括该人士的继承人和受让人，（iii）任何贷款文件中使用的「本」、「此处」、「此处」和「下文」以及类似含义的词语，应解释为指该贷款文件的全部内容，而不是其中的任何特定条款，（iv）贷款文件中所有提及的条款、章节、初步陈述、附件和附表应解释为指的是，及贷款文件的初步声明、附件及附表，（v）对任何法律的任何引用应包括所有法定及监管规则、规例、命令及条文，以合并、修订、取代或解释该等法律，而对任何法律或规例的任何引用，除非另有规定，应指经修订、修改、扩充、重述、不时替换或补充，并且（vi）「资产」和「财产」一词应解释为具有相同的含义和效果，并指任何和所有有形和无形资产和财产，包括现金、证券、账户和合同权利。任何和所有提及“借款人

“ 并为了确定适用按金，自该测量期的第一天起获得形式效果。四舍五入。

“借款人根据本协议需要维持的任何财务比率应通过将适当的部分除以其他部分来计算，将结果计算到比本文表达该比率的位数多一位，并将结果向上或向下四舍五入到最接近的数字（如果没有最接近的数字，则进行四舍五入）。每日时刻。除非另有规定，否则本文中所有提及的时间均应参考洛杉矶时间（白天或标准，如适用）。.

“UCC条款。除非上下文另有说明，否则在重述截止日期生效的UCC中定义且本文中未另行定义的术语应具有这些术语所提供的各自含义

“定义. 除上述规定外，“UCC“截至任何确定日期，指当时有效的UCC。.

“Rates.行政代理人不保证，也不承担责任，也不承担任何责任，行政代理人也不对“定义中与费率相关的管理、提交或任何其他事项承担任何责任

“术语较软“或任何类似或后续利率。

“第二条承诺和长期贷款

“定期贷款;定期贷款承诺。根据本协议的条款和条件，每个贷款人各自同意提供定期贷款（每个，a '

“定期贷款'和集体的'定期贷款'）在重述截止日向借款人提供本金总额等于该借款人的定期贷款承诺金额。根据此处以及适用的增量定期贷款融资的适用临时合伙人协议中规定的条款和条件，适用增量定期贷款机制下的每个增量定期贷款借款人分别同意在该适用增量承诺生效日期向借款人提供定期贷款，本金总额等于该借款人根据该增量承诺的增量定期贷款承诺增量定期贷款便利。在重述结束日或增量承诺生效日（如适用）为其各自的定期贷款提供相当于其各自的定期贷款承诺或增量定期贷款承诺的金额的资金后，每个此类贷款人各自的定期贷款承诺将到期。受制于第3.02节6.14.

“和，所有定期贷款均应为SOFR贷款。每个贷款人应在其内部记录中保存一个或多个账户，证明借款人对该贷款人的债务，包括该贷款人提供的定期贷款金额以及与其相关的每次还款和预付款。任何此类记录均应具有决定性并对借款人具有约束力，不得有明显错误; .

“提供，未能进行任何此类记录或此类记录中的任何错误，均不影响任何借款人的定期贷款承诺或借款人对任何定期贷款的义务;和

“提供进一步

，如果登记册与任何分包商的记录之间存在任何不一致，则以登记册中的记录为准。如果任何借款人通过书面通知借款人（并向行政代理提供一份副本）提出要求，借款人应签署并向该借款人交付基本上以以下形式的期限票据展品：F

“学期笔记'）证明此类贷款人的定期贷款。

“在下文规定的每个日期，借款人应偿还定期贷款本金，总额等于下文规定的相应金额（每个金额，a '定期贷款减免分期付款

'）因为每笔此类定期贷款削减分期付款均应根据与任何未偿还增量定期贷款相关的临时合伙人协议按比例增加：

“付款日期定期贷款减免分期金额

“ 2025年3月31日 4，000，000美元 2025年6月30日 4，000，000美元

“ 2025年9月30日 4，000，000美元 2025年12月31日 4，000，000美元

“2026年3月31日 4，000，000美元 2026年6月30日 4，000，000美元 2026年9月30日 4，000，000美元.

“ 2026年12月31日 4，000，000美元2027年3月31日 4，000，000美元

“2027年6月30日 4，000，000美元 2027年9月30日 4，000，000美元 2027年12月31日 4，000，000美元”).

“2028年3月31日 4，000，000美元 2028年6月30日 4，000，000美元 2028年9月30日 4，000，000美元 2028年12月31日 4，000，000美元

“2029年3月31日 4，000，000美元2029年6月30日 4，000，000美元

“ 2029年9月30日 4，000，000美元最终定期贷款减免分期付款应于定期贷款到期日到期，金额应等于定期贷款（包括增量定期贷款）的所有未偿还本金和利息。在本规定的任何日期应付给任何分包商的总金额

“第2.01（d）节应按照规定确定

“第2.14节借款人应向行政代理人发出不可撤销的书面通知，基本上以贷款通知的形式（行政代理人必须在上午9：00之前收到通知，洛杉矶时间，重述截止日）要求贷方在重述截止日根据各自的定期贷款承诺提供定期贷款。收到该通知后，管理代理人应立即通知各申请人。不迟于上午11：00，洛杉矶时间，在重述截止日期，每个贷款人应通过将该金额电汇至行政代理指定的账户，以立即可用资金的形式向行政代理提供该贷款人的定期贷款承诺金额。在重述截止日期，如果没有任何分包商通知该分包商不会在该日期向行政代理提供其按比例份额，将借款人的账户记入行政代理人的账簿（或记入借款人书面指示行政代理的其他账户）金额等于定期贷款承诺总额。

“行政代理人或任何借款人均不对本协议项下任何其他借款人的义务或定期贷款承诺负责，任何借款人未能遵守本协议的条款也不会免除任何其他借款人或借款人在本协议项下的义务。借款人应使用在重述截止日发放的定期贷款的所有收益全额偿还原始信贷协议债务的未偿余额，并用于运营资金和一般企业用途。[保留]。.

“[保留]。 [保留]。

“[保留]。可选预付款。

“借款人可以在向行政代理人交付贷款预付通知后通知行政代理人后，随时或不时自愿预付全部或部分定期贷款，无需溢价或罚款，但须遵守以下规定第2.11（c）节

“和第3.05节

“提供（A）行政代理必须在11点之前收到此类通知：上午00点定期贷款任何预付日期前三（3）个工作日（或在每种情况下，行政代理人可接受的较短期限），该通知可以声明该通知取决于其他信贷便利、契约或类似协议或其他交易的有效性，在这种情况下，借款人可以撤销该预付款通知（在指定生效日期或之前向行政代理发出通知），或者借款人可以将预付款日期延长不超过两次，如果不满足该条件，并且（B）每次预付款的本金额应为500，000美元或超出其250，000美元的整倍。每份此类通知均应具体说明预付款的日期和金额。行政代理将立即通知每个分包商收到每份此类通知，以及该分包商在该预付款中应缴纳的部分金额）。如果该通知是由借款人发出且未根据本条款撤销的第2.06节则借款人应预付该笔款项，而该通知中指定的付款金额应于通知中指定的日期到期并支付。任何本金预付均应按照借款人的指示申请，并应附有预付金额的所有应计利息，以及根据

“第3.05节强制预付款。

“在任何贷款方收到总金额超过2，500，000美元的资产处置净收益后五（5）个工作日内，借款人应预付定期贷款，金额相当于（如适用）在所有其他资产处置的情况下该净收益的100%; 提供

“ 只要没有发生违约事件并且正在持续，就无需就资产处置进行此类预付款，前提是在收到此类净收益后一（1）年内，此类净收益用于收购贷款方业务中必要或有用的其他资产或财产; 提供行政代理人应享有第一优先权（仅受许可的优先权限制），提供

“进一步借款人应分别在收到此类收益时和此类再投资发生时将相关贷款方再投资的意图（如果适用）、再投资承诺以及此类再投资的完成情况通知行政代理。在提前预付款之日或之前，借款人同意提供借款人在确定本规定下任何此类预付款金额时使用的行政代理计算结果

第2.07（a）节

“在任何贷款方收到有关债务发行的任何净收益后五（5）个工作日内，借款人应预付相当于该债务发行净收益100%的定期贷款。在提前还款日或之前，借款人同意向行政代理人提供借款人在确定任何此类预付款的金额根据本

“第2.07（b）节. 保证任何在本第2.07（b）节应被视为构成对

“第7.02条在任何贷款方收到有关股票发行（股票固化投资除外）的净收益后五（5）个营业日内，借款人应预付相当于该股票发行净收益100%的定期贷款。在提前预付款之日或之前，借款人同意提供借款人在确定本规定下任何此类预付款金额时使用的行政代理计算结果

“第2.07（c）节. 保证任何在本

“第2.07（c）节应被视为构成放弃或修改第8.01（k）节).

“如果任何贷款方在重述截止日期后的任何时间从意外事故或财产保险或谴责中收到的净收益总额超过2，500，000美元，涉及财产的任何损坏、破坏或其他损失，借款人应预付定期贷款，金额等于不适用于修复的金额，在贷款方收到此类收益后一（1）年内恢复或更换适用资产，或在违约事件发生和持续期间应行政代理的要求立即恢复或更换适用资产（已支付或承诺支付给第三方的此类收益除外）。借款人应立即向行政代理发出书面通知，告知任何贷款方在重述截止日期或之后收到的所有伤亡或财产保险和谴责收益。根据《金融时报》进行股权投资后

“第7.11（c）节，借款人应预付相当于该股权投资100%的定期贷款。

“借款人应预付定期贷款的未偿还本金，金额相当于截至2025年12月31日的财年开始的每个财年合并超额现金流的25%，提供

“那借款人根据

“第2.06节按到期顺序相反适用于定期贷款本金的金额，应计入借款人根据本规定所需的强制本金付款金额，并按美元减少第2.07（f）节.

“. 本项下的每笔强制预付款项应在借款人向行政代理交付中提及并要求的已审计财务报表后五（5）天内支付第6.01（b）节在该财政年度内，但无论如何不得迟于每个财政年度结束后一百二十五（125）天。 .

“根据第2.07（a）节

“穿过应适用于定期贷款的未偿本金余额。只要没有发生违约且违约仍在继续，根据本协议条款申请预付款后剩余的任何预付款收益均应返还给借款人。除非第2.07（f）条规定，在定期贷款自愿预付的情况下，定期贷款被记入借款人从合并超额现金流中支付定期贷款本金的义务（自愿付款应用于按到期顺序偿还定期贷款的本金），本条款下的每次预付款

“第2.07条应同时全额支付截至该预付款日期（包括该预付款日期）的所有应计利息。本项下定期贷款的每次预付

“第2.07条（除以下定期贷款预付款外第2.07（e）节）应适用于剩余的定期贷款减免

分期付款，包括定期贷款到期日到期的最后一笔分期付款，按比例计算，此类金额不得用于再借款。本节规定的每次定期贷款预付款

应按到期顺序应用于剩余的定期贷款减免分期付款，包括定期贷款到期日到期的最后一笔分期付款，并且不得将此类金额用于再借款。[保留]。偿还定期贷款。7.11(b)定期贷款的本金应按照规定偿还

第2.01（d）节利率和违约率。兴趣. 的条文下 ;

第2.10(B)节

，每笔定期贷款均应按适用借款日期起每个日历月内每天的未偿本金额按年率计算，等于（i）该日历月的定期SOFR，

加

适用按金，加上价差调整或（ii）3.25%。违约率如果定期贷款的任何本金在到期时（不考虑任何适用的宽限期）未支付，无论是在规定的到期日、通过加速还是其他方式，此后该金额应在适用法律允许的最大范围内以每年波动的利率支付利息，利率等于违约利率。

如果有金额借款人根据任何贷款文件应支付的（定期贷款本金除外）在到期时未支付（不考虑任何适用的宽限期），无论是在规定的到期日，通过加速还是其他方式，那么，应要求贷款人的要求，该金额此后应按每年波动利率支付利息，在允许的最大范围内始终等于违约利率可适用法律.

逾期金额的应计和未付利息（包括逾期利息的利息）应按要求到期并支付。

利息支付

. 定期贷款的利息应在适用的每个利息支付日期以及本文可能指定的其他时间到期并拖欠支付。根据本协议的条款，在判决之前和之后以及根据任何债务人救济法开始任何诉讼之前和之后，应根据本协议的条款到期和支付。

手续费。

“借款人应支付以下费用：向行政代理人自行支付费用，费用金额和时间在费用信中规定。此类费用在支付时应全额赚取，不得以任何理由退还; 向贷方提供的此类费用应在指定的金额和时间以书面形式单独商定。该等费用在支付时应全额赚取，不得以任何理由退还;和如果借款人根据

(A)第2.06节借款人应向行政代理人支付预付费，作为违约赔偿金，预付费金额等于当时预付的定期贷款未偿还本金余额总额的百分比，计算如下：（A）2.0%，如果提前还款发生在截止日期的第一个周年日或之前，（B）1.0%，如果提前还款发生在截止日期的第一个周年之后，但在截止日期的第二个周年或之前，及（C）0.0%（如提前还款发生在截止日期第二周年后的任何时间）（统称“提前终止费”). 提前终止费应根据以下规定在定期贷款提前还款的同时到期并支付：第2.06节

(B) 这里。尽管有上述规定，借款人不得根据本条规定拖欠提前终止费

“ 除非已在本协议项下作出40，000，000美元的增量定期贷款承诺。利息和费用的计算;适用利率的追溯调整。

“利息及费用的计算第11.04(C)节

“ 是几个而不是联合的。任何贷方未能在重述截止日期发放定期贷款或根据第11.04(C)节在本协议要求的任何日期，不得解除任何其他贷方在该日期这样做的相应义务，并且贷方不对任何其他贷方未能在重述截止日期提供定期贷款或根据本协议付款负责第11.04(C)节

“资金来源. 本文中的任何内容均不应被视为任何贷方有义务以任何特定地点或方式获得其定期贷款资金，也不应被视为任何贷方已或将获得其定期贷款资金的陈述。按比例处理. 除非本文另有规定：（i）定期贷款应由贷款人根据其各自承诺金额按比例提供;（ii）借款人每次支付或预付定期贷款本金均应根据贷款人持有的定期贷款各自未付本金金额按比例向贷款人支付;及（iii）借款人每次定期贷款利息的支付均应根据当时到期并应支付给各贷方的定期贷款利息金额按比例支付给贷方。

“贷方共享付款。如果任何原告通过行使任何抵消权、反诉权或其他方式，获得有关（a）根据当时的其他贷款文件到期和应付给该贷款人的债务的付款，超出其应缴税款份额（根据（i）当时到期和应付给该贷方的该等债务金额与（ii）的比例当时所有贷方获得的、根据其他贷款文件到期和应付给所有贷方的债务总额）因当时根据其他贷款文件到期和应付给所有贷方的债务而支付的款项或（b）所欠债务（但不是到期应付的）根据本协议和其他贷款文件，在此时超过其应纳税份额的款项（根据（i）该等债务所欠款项的比例）（但不是到期和应付）当时向该贷方支付的（ii）所欠债务的总额（但不是到期和应付）根据当时其他贷款文件向所有贷款人和其他贷款文件）因所欠债务而付款（但不应到期和应付）所有贷款人根据所有贷款文件获得的所有贷款人，然后，在上述第（a）和（b）条规定的每种情况下，收到较大比例的投标人应（A）将该事实通知行政代理，以及（B）购买（对于面值现金）参与其他贷方的定期贷款，或做出其他公平的调整，因此，所有此类付款的利益应由贷方根据当时到期并应向贷方或欠贷方（但不是到期并应向贷方）的债务总额按比例分享，视情况而定，前提是：

“（1）如果购买了任何此类参与者或次级参与者，并且收回了由此产生的全部或任何部分付款，则应取消此类参与者或次级参与者，并将购买价格恢复到此类收回的程度，不计利息;和（2）本节的规定不应解释为适用于（x）借款人或代表借款人根据本协议的明确条款进行的任何付款（包括因违约借款人的存在而产生的资金的运用）或（y）借款人作为转让或出售的对价获得的任何付款

“参与其向任何受托人或参与者提供的任何定期贷款，但向任何贷款方或其任何关联公司的转让除外（本节的规定应适用）。各贷款方同意上述内容，并同意，在适用法律规定的有效范围内，根据上述安排获得参与的任何分包商可以对该贷款方行使与该参与有关的抵消权和反诉权，就像该分包商是该贷款方的直接债权人一样。参与金额。增量定期贷款。.

“增量定期贷款请求. 借款人可以通过通知行政代理（行政代理应立即通知适用贷方），要求建立一项或多项新的定期贷款承诺（每个“增量定期贷款承诺, “）根据增量定期贷款融资，在每种情况下，总金额（对于所有此类请求不超过40，000，000美元）。. 尽管本协议中包含任何相反规定，如果任何分包商成为违约分包商，则在适用法律允许的范围内，直到该分包商不再是违约分包商：豁免及修订, . 该违约方批准或不批准有关本协议的任何修改、放弃或同意的权利应受到“定义中的限制所需的贷款人

“和

“第11.01节违约贷款人瀑布 . 行政代理人为该违约方账户收到的任何本金、利息、费用或其他款项（无论是自愿的还是强制的，到期时，根据

“第八条或其他)或由管理代理根据以下规定从违约贷款人处接收

“第11.08节应在行政代理人确定的以下时间申请：

“第一，支付该违约贷款人欠本合同项下行政代理的任何款项；

“第二，根据借款人可能要求（只要不存在违约事件），为此类违约借款人的定期贷款承诺提供资金;

“第三，支付任何欠款

贷方因违约贷款人违反本协议项下的义务而获得的具有管辖权的法院的任何判决而针对该违约贷款人;

第四

只要不存在违约事件，借款人因该违约借款人违反其在本协议下的义务而获得的具有管辖权的法院对该违约借款人的任何判决而欠借款人的任何款项;和

第五

“向该违约方或根据贷款文件可能要求的与贷款文件授予的或具有管辖权的法院指示的任何留置权有关的其他方; 提供

“ 如果（1）此类付款是定期贷款本金的付款，而违约贷款人尚未全额为其适当份额提供资金，且（2）此类定期贷款是在满足第4.01款已满足或豁免，则该付款应仅用于按比例支付所有非违约贷款人的定期贷款，然后用于支付该违约贷款人的定期贷款，直至贷款人根据以下承诺按比例持有所有定期贷款。已支付或应付违约债权人的任何付款、预付款或其他款项，用于支付（或持有）违约债权人根据本规定所欠款项 .

“第2.17（a）（ii）节须当作已支付予该失责贷款人并由该失责贷款人转给，而每名贷款人均不可撤销地同意本协议。某些费用. 任何违约贷款人都无权在该贷款人为违约贷款人的任何期间收取根据第2.11条应支付的任何费用（借款人不应被要求支付任何本应支付给该违约贷款人的费用）。

“违约贷款人治愈. 如果借款人、行政代理以书面形式同意借款人不再是违约借款人，则行政代理将通知双方，自该通知中指定的生效日期起，并在遵守其中规定的任何条件的情况下，借款人将在适用的范围内，按面值购买其他贷方未偿定期贷款的部分，或采取行政代理可能认为必要的其他行动，以使定期贷款按比例持有由贷方根据，因此该应收账款将不再是违约应收账款;

“提供在该借款人为违约借款人期间，借款人或代表借款人支付的应计费用或付款将不会追溯调整;以及

“提供进一步

“除非受影响各方另有明确约定，否则本合同项下从违约贷款人到贷款人的任何变更均不构成放弃或免除任何一方因该贷款人是违约贷款人而产生的任何债权。确认并同意对受影响的金融机构进行救助。尽管本协议或任何其他贷款文件或任何此类各方之间的任何其他协议、安排或谅解中有任何相反规定，本协议各方均承认，任何受影响的金融机构根据本协议或任何其他贷款文件产生的任何责任，只要该责任是无担保的，可能受到适用决议机构的减记和转换权力的约束，并同意并同意、承认并同意受以下各项的约束：.

“. 除非适用法律要求，否则行政代理人在任何时候都没有任何义务代表分包商申报或以其他方式追究，也没有任何义务向任何分包商支付从为该分包商账户支付的资金中预扣或扣除的税款的任何退款。如果任何分包商善意行使全权酌情决定，确定其已收到其缴纳的任何税款的退款由任何贷款方支付的费用或任何贷款方已根据本规定支付额外金额的费用

“第3.01节，其应向该贷款方支付与该退款相等的金额（但仅限于该贷款方根据本协议支付的赔偿金或支付的额外金额），

“第3.01节对于导致此类退款的税款），扣除此类贷款人产生的所有自付费用（包括税款）（视情况而定），并且不计利息（相关政府当局就此类退款支付的任何利息除外），前提是各贷款方应贷款人的要求同意偿还根据第3.01（f）节.

“ (plus如果分包商需要向该政府当局偿还退款，相关政府当局向分包商征收的任何罚款、利息或其他费用。尽管本小节中有任何相反规定，在任何情况下，适用的贷款人都不会被要求根据本小节向贷款方支付任何金额，该金额的支付将使贷款人处于比受赔偿并产生此类退款的税款未扣除时该贷款人所处的税后净状况较差的净状况，扣留或以其他方式征收，并且与此类税款相关的赔偿金或额外金额从未支付。本款不得解释为要求任何贷方向任何贷款方或任何其他人提供其纳税申报表（或其认为保密的与其税收相关的任何其他信息）。生存

“。各方在本协议项下的义务第3.01节

“ 在行政代理人辞职或更换、任何权利转让或更换、所有其他义务的偿还、履行或解除后，该权利应继续有效。是违法的。如果任何贷方确定任何法律已将其定为非法，或任何政府当局声称其为非法，则任何贷方或其贷款办公室将其定期贷款维持为利率参考SOFR期限确定的贷款，或根据SOFR期限确定或收取利率，或任何政府当局已对此类贷方的购买或出售权力施加重大限制，或在伦敦银行间市场存入美元，然后，在该贷方通过行政代理向借款人发出通知后，（a）此类贷款人继续其定期贷款作为利率参考SOFR期限确定的贷款的任何义务应暂停，直到此类贷款人通知行政代理和借款人导致此类确定的情况不再存在. 收到该通知后，（i）借款人应根据该借款人的要求（并向行政代理提供一份副本），预付或（如果适用）将该贷款人的定期贷款转换为利率参考该日历月的最后一天确定的贷款，如果该贷款人可以合法地继续维持其定期贷款，作为其利息由参考定期SOFR确定的贷款，直至当天或立即，如果该贷方不能合法地继续将其定期贷款维持为利率参考SOFR期限确定的贷款，并且（ii）如果该通知声称该贷方根据SOFR期限确定或收取利率是非法的，在暂停期间，行政代理人应计算适用于该申请人的基本利率，直到该申请人书面通知行政代理人，该申请人根据SOFR期限确定或收取利率不再是非法的。在任何此类预付或转换后，借款人还应支付预付或转换金额的应计利息。.

“指数停止。如果行政代理人在任何时候合理相信或合理确定（i）替换前指数已经或即将因任何原因停止，（ii）置换前指数将不能充分和公平地反映行政代理机构和贷款人基于置换前指数维持或资助贷款的成本，（iii）置换前指数未被广泛用作基准指数，或不再是行业接受的定期贷款类似情况的参考利率，（iv）行政代理人没有足够和公平的方法来确定替代前指数，或替代前指数不再由行政代理人合理可用和使用的可靠来源发布，（五）规章制度的变化（指相关基准管理人或其监管机构、任何政府机构、中央银行或其他财政机构对任何适用法律、条约、规则、法规或指南的变更，或对其的解释或管理，对每个贷款人或其贷款办事处拥有管辖权的货币或其他当局）使行政代理人使用重置前指数作为指数来确定利率是非法或商业上不合理的，或（vi）替代前指数的管理人或对行政代理人和贷方拥有管辖权的政府当局已发表公开声明，确定特定日期，在该日期之后替代前指数将不再用于确定贷款利率，那么行政代理人应尽合理努力选择行政代理人善意认为是保存的实用手段的替代指数各方相对于替代前指数经济的意图。此外，如果上述第（i）至（iv）款中的任何一项导致贷款人发放、更新或维持定期贷款或信用展期的成本增加，或导致本协议项下的任何应收款项减少，则在任何此类情况下，借款人应根据要求立即向贷款人支付：为补偿贷款人的额外费用或行政代理机构确定的应收减少金额而必须支付的任何额外金额（统称为「增加的费用」）。如果任何借款人有权根据本节要求任何增加的成本，则该借款人应向借款人提供不少于三十（30）天的书面通知，以合理的详细说明其有权要求增加成本的事件或情况，以及全额补偿该借款人增加成本所需的额外金额。在没有明显错误的情况下，由该借款人向借款人提交的关于任何增加的成本的证明应是最终的。本条款在偿还定期贷款和偿还借款人在贷款文件下的所有其他义务后继续有效。如果行政代理人确定替代指数（该确定应为决定性的），为了解释替代指数与替代前指数的关系，行政代理人还应确定（该确定应为决定性的），对百分点进行任何必要的改变（「按金」）将添加或减去替换指数，以确保替换方法将以类似于替换前指数的方式衡量利率，为免生疑问，按金的任何此类变更均不得降低截至该指数替换日期的有效利率。只要行政代理尚未收到包括所需贷款人在内的贷方对此类决定的书面反对通知，行政代理人就替代指数或按金变更做出的任何决定将于行政代理人向所有受影响的贷方和借款人提供拟议决定的通知后第五（第5）个工作日下午5：00（纽约市时间）生效。在选择此类替代指数和按金时，行政代理人可以适当考虑（i）替代指数或按金调整的建议，或对行政代理人和贷方拥有管辖权的监管实体或由监管实体正式认可或召集的委员会计算或确定此类替代指数或按金的方法，（ii）任何不断发展的或行业接受的确定方法指数和按金，或计算或确定此类指数和按金的方法，用于用替代指数和按金取代指数和按金，（iii）当时流行的市场惯例，用于确定与行政代理当时的商业贷款相当的商业贷款的指数利率，和（iv）来自其他来源的类似费率指数，行政代理认为合理可靠并可供其使用。

“如果如此指定替代指数和按金，则应以与市场实践一致的方式应用替代指数和按金;并且，如果此类市场实践对行政代理人来说在行政上不可行，则应以行政代理人合理确定的方式应用替代指数和按金。在行政代理人作出上述决定后，行政代理人可在合理的时间内通知借款人修改本协议（无需借款人采取任何行动或同意）：（i）以选定的替代指数取代指数;（ii）修改将添加到指数中的按金;以及（iii）说明替代指数和按金的生效日期。在生效日期，替代指数和按金应被视为本协议的所有目的的指数和按金。在切实可行的范围内，基于替代指数加或减按金（如可能调整）的利率将大致上相等于替代指数及按金当日之前有效的利率加或减按金。

“借款人理解，行政代理人也可以根据其他利率向其他借款人提供贷款。可以为不同类型的贷款和交易选择不同的替代指数和按金。借款人承认，重置前指数的停止是一个未来事件，行政代理人和借款人对此都没有影响力，但必然会影响此类指数和按金。借款人承认，替代指数和按金产生的利率将与替代前指数和按金不同。借款人同意，行政代理人无需以任何方式对其选择和实施替代指数和按金承担责任，前提是行政代理人真诚地做出此类选择并实施符合市场实践，或者如果不可行，则按照行政代理人的合理确定。

“ 替代指数和按金应自该通知中规定的生效日期起持续有效，直至到期日，除非出现替代指数不再可用的情况，否则应适用本节中描述的相同流程。与指数的使用或管理有关，或与任何替代指数的使用、管理、采用或实施有关，管理代理人将有权不时做出符合性的变更，费用和费用由借款人自行承担，即使本文或任何其他贷款文件中有任何相反规定，实施此类合规变更的任何修订将在无需借款人或本协议或任何其他贷款文件的任何其他方采取任何进一步行动或同意的情况下生效。行政代理将立即通知借款人与指数或任何替代指数（如适用）的使用或管理相关的任何合规变更的有效性。在不限制上述规定的情况下，借款人应立即签署并交付，并且

“促使任何担保人签署并交付行政代理合理自由裁量权要求的任何修改、重申或修改，以证明任何此类符合性变更。成本增加。

“成本总体上增加了。如果法律有任何变更，应：

“对任何申请人的资产、存入任何申请人或为其账户的存款、或发放或参与的信贷施加、修改或认为适用任何准备金、特别存款、强制贷款、保险费或类似要求（除第3.04（e）节

“任何应收账款对其贷款、贷款本金、信用证、承诺或其他义务，或其存款、准备金、其他负债或可归因的资本缴纳任何税款（（A）赔偿税、（B）除外税定义第（b）至（d）条中描述的税款和（C）联系所得税除外）;或对任何贷方或银行间市场施加影响本协议或该贷方提供的定期贷款的任何其他条件、成本或费用;

“上述任何情况的结果应是增加借款人的定期贷款或维持其定期贷款的成本，或减少借款人根据本协议收到或应收的任何金额（无论是本金、利息还是任何其他金额），然后，应借款人的要求，在各方面均受借款人根据以下规定的权利的限制第11.13节

“ 借款人将向该等借款人支付额外款项，以补偿该等借款人所产生的额外费用或所遭受的减少。尽管有任何其他规定

“第3.04节，任何分包商不得援引本规定上述小节的规定第3.04节如果该贷方当时的一般政策和实践不应在类似情况下根据其他信贷协议的类似条款援引此类条款。VII资本要求

“. 如果任何借款人确定，由于本协议的原因，影响该借款人或该借款人的任何贷款办事处或该借款人的控股公司（如有）的有关资本或流动性要求的任何法律变更已经或将会降低该借款人的资本或该借款人的控股公司（如有）的资本回报率，该贷款人的承诺或该贷款人提供的贷款低于该贷款人或该贷款人的控股公司如果没有法律变更可以实现的水平（考虑到该公司的政策和该公司的控股公司关于资本充足率的政策），则借款人将不时向该借款人支付额外款项，以补偿该借款人或该借款人的控股公司所遭受的任何该等减少。已保留

“报销凭证. 列明补偿该等债权人或其控股公司（视情况而定）所需金额的债权人证明如小节中规定的那样 .

“ 或本节的规定并交付给借款人的，在没有明显错误的情况下应是决定性的。借款人应在收到证书后的十（10）天内支付证书上显示的到期金额。已保留.

“请求的延迟. 任何原告未能或拖延根据本规定要求赔偿的

“第3.04节并不构成对索赔人要求赔偿的权利的放弃，前提是借款人无需根据本节上述规定向借款人赔偿任何增加的成本或减少超过六（6）在此类借款人通知借款人法律变更导致此类成本增加或减少以及此类借款的日期前的几个月打算为此索赔（除非，如果导致成本增加或削减的法律变更具有追溯力，则上述六（6）个月期限应延长，以包括其追溯效力的期限）。

“损失补偿。根据任何收件箱的要求（并向行政代理提供一份副本），借款人应随时立即赔偿该借款人，并使该借款人免受因借款人的任何违约而产生的任何损失、成本或费用的影响（由于该贷款人未能发放定期贷款以外的原因）预付、借款、或在借款人通知的日期或金额继续提供任何定期贷款;包括任何预期利润的损失以及因清算或重新利用其为维持该定期贷款而获得的资金或终止该资金的存款而产生的任何损失或费用。借款人还应支付借款人就上述事项收取的任何习惯性行政费用。

“为了计算借款人根据本规定应向贷款人支付的金额第3.05节

“，每个贷款人应被视为已通过银行间市场上的匹配存款或其他借款以SOFR的期限为该定期贷款提供了相应金额和可比期限的定期贷款，无论该定期贷款实际上是否已提供如此资金。每个贷款人根据本协议提供定期贷款的义务须满足以下先决条件：

“信贷协议的执行;贷款文件. 行政代理应已收到（i）本协议副本，由各贷款方的负责官员和各贷款人的正式授权官员签署，（ii）对于请求票据的每个贷款人的账户，由各借款人的负责官员签署的票据，（iii）担保协议的副本和每份其他抵押文件，由适用贷款方的负责官员和其他各方的正式授权官员签署（如适用），（iv）由适用贷款方的负责官员和其他各方的正式授权官员签署的任何其他贷款文件的副本，（v）由最终母公司授权官员签署的最终母公司担保的副本和（vi）由母公司授权官员签署的母公司担保的副本。高级船员证书.

“. 行政代理人应已收到注明重述截止日期的官员证书，证明各贷款方的组织文件（在向政府机构备案的情况下，应在最近日期由该政府机构认证）、每个贷款方管理机构的决议、良好信誉，每个贷款方的存在或相当于每个贷款方负责官员的任职情况（包括签名样本）。律师的法律意见. 行政代理应已收到贷款方律师的意见（如果行政代理合理要求，包括当地律师的意见）（根据第6.02（l）条，Lingo Telecom of Virginia，LLC、Bullseye Telecom of Virginia，LLC、Bandwave Systems，LLC、LLC、和magicJack SMB，Inc.），日期为重述截止日期，并以行政代理人可接受的形式和内容发送给行政代理人和贷方。财务报表

. 行政代理人和贷方应已收到经审计财务报表的副本。

“个人财产抵押品. 行政代理人应以行政代理人满意的形式和内容收到：(A)在每个贷款方和任何抵押品所在的每个司法管辖区或需要提交文件以完善行政代理人在抵押品中的担保权益的司法管辖区内搜索UCC文件（如适用）、存档的融资报表副本 ).

“此类司法管辖区和证据表明，除许可的优先权外不存在其他优先权和（B）税务优先权、判决和破产搜查;在适当的政府部门搜查知识产权的所有权，并根据行政代理的要求提交此类专利/商标/版权申请，以完善行政代理在知识产权中的担保权益;

根据行政代理人的合理裁量权，根据需要完成每个适当司法管辖区的UCC融资报表，以完善行政代理人在担保品中的担保权益;

“证明质押股权和未注明日期的股票或会员证书（如有）空白正式签署的转让权力的股票或会员证书;在每种情况下，以该质押股权已被证明的范围内; 提供

“然而，借款人无需交付代表任何排除财产的股票证书;如果是任何个人财产，抵押品位于贷款方租赁的场所，并列出附表5.21（g）（i），受制于

“第6.02（l）节，此类不动产房东的禁止反言书、同意和豁免，但须交付与以下事项有关的范围内第6.14节 (such信件、同意和豁免的形式和内容应令行政代理人满意，并承认并同意任何房东豁免令行政代理人满意）;

“在根据抵押品文件条款要求交付的范围内，任何贷款方持有的所有票据、文件和动产票据，以及完善行政代理人和贷方在抵押品中的担保权益所需或适当的附带或转让;以及行政代理人满意的合格控制协议，要求根据

第6.14节

“受益所有权认证.在重述截止日期前至少五（5）天，每个符合“

“法人客户“根据《受益所有权法规》，应向行政代理人提供受益所有权证书。

“责任、伤亡、财产、恐怖主义和商业中断保险. 行政代理人应收到保险单、申报页、证书和保险背书的副本，证明符合本文或抵押文件中规定的要求或行政代理人要求的责任保险、伤亡保险、财产保险、恐怖主义保险和业务中断保险。贷款方应向行政代理机构提交一份共享保险信息的授权书。

“偿付能力证书. 行政代理人应已收到由各借款人负责人签署的关于财务状况的偿付能力证明，

“借款人及其子公司的偿付能力和相关事宜，在贷款文件项下的初始借款生效后，以及在此预期的其他交易。财务状况证明. 行政代理人应在重述截止日收到由各借款人的负责官员签署的关于某些财务事项的证书，其形式主要为展品：M 或任何其他贷款文件，或包含在任何时间根据本协议或与本协议或本协议提供的任何文件中的文件在所有重大方面均应真实正确（不重复其中包含的任何重要性限定词）在重述截止日期和截至日期，除非该等陈述和保证明确涉及较早日期，在这种情况下，截至较早日期，此类陈述和保证在所有重大方面都是真实和正确的。默认2.16.

“.定期贷款或其收益的运用不存在违约，也不存在违约。其他文件. 本文规定的或行政代理或任何其他分包商可能合理要求或要求的所有其他文件。附加信息

“. 行政代理人和/或任何分包商合理要求或要求的此类额外信息和材料。在不限制第9.03条最后一段规定的一般性的情况下，为了确定符合本节规定的条件，每个签署本协议的分包商应被视为已同意、批准或接受或满意，根据其要求的每份文件或其他事项必须得到申请人的同意或批准、接受或满意，除非行政代理人已收到该分包商在拟议重述截止日期之前发出通知，明确说明其反对意见。

“第五条陈述和保证

“截至达成或视为达成之日，各贷款方向行政代理和贷款人陈述并保证：存在、资格和权力。每个贷款方及其每个子公司（a）根据其注册或组织所在司法管辖区的法律正式组织或成立、有效存在，并且（如适用）具有良好信誉，（b）拥有所有必要的权力和权威以及所有必要的政府许可、授权、同意和批准（i）拥有或租赁其资产并开展其业务和（ii）执行，交付并履行其作为一方的贷款文件项下的义务，并且（c）具有正式资格并获得许可，并且（如适用）根据每个司法管辖区的法律具有良好信誉，其财产的所有权、租赁或运营或其业务的开展需要此类资格或许可;除非第（b）（i）或（c）条中提到的每种情况，否则无法合理预期不这样做会产生重大不利影响。根据本协议条款向行政代理提供的各贷款方组织文件副本是每份此类文件的真实正确副本，每份文件自本协议之日起均有效且完全有效。授权;无违规行为。

“每个贷款方签署、交付和履行该人是或将成为一方的每份贷款文件已得到所有必要的公司或其他组织行动的正式授权，并且不会也不会（a）违反任何该人组织文件的条款;（b）与任何违反或违反或设定任何优先权相冲突或导致任何优先权，或要求根据（i）该人员作为一方或影响该人员或该人员或其任何子公司的财产的任何重大合同或（ii）任何命令进行任何付款，任何政府当局的禁令、令状或法令或该人员或其财产所受的任何仲裁裁决;或（c）违反任何法律;除非第（b）和（c）条提及的每种情况，否则不这样做不会合理预期会产生重大不利影响。政府授权;其他同意。与（a）任何贷款方签署、交付、履行或执行本协议或任何其他协议相关的任何必要或要求任何政府机构或任何其他人的批准、同意、豁免、授权或其他行动，或向其发出通知或提交备案其他贷款文件，（b）任何贷款方授予其根据抵押文件授予的优先权，（c）完善或维护根据抵押文件设定的优先权（包括其第一优先性质，受允许的优先权限制）或（d）行政代理人或任何分包商行使其在贷款文件下的权利或根据抵押文件，不包括（i）已正式给予、获得或放弃的授权、批准、行动、通知和文件，以及（ii）完善抵押文件创建的优先权的文件。

“约束作用。本协议已由作为协议一方的每个贷款方正式签署和交付，而每份其他贷款文件在根据协议交付时也将由作为协议一方的每个贷款方正式签署和交付。本协议构成该贷款方的合法、有效且具有约束力的义务，且每份其他贷款文件在交付时也将构成该贷款方的合法、有效且具有约束力的义务，根据其条款对作为其一方的每个贷款方执行，除非这种强制执行可能受到影响债权人权利的适用的债务人救济法和公平法律原则的限制（无论是根据公平还是法律寻求执行）。

财务报表;无重大不利影响。

“已审计财务报表. 经审计财务报表（i）是根据在其涵盖期间一致适用的GAAP编制的，除非其中另有明确指出;（ii）根据在整个期间一致适用的公认会计原则，在所有重大方面公平反映贷款方截至贷款日期的财务状况及其在贷款方所涵盖期间的经营业绩，除非另有明确指出;和（iii）显示贷款方截至贷款日期的所有直接或或有重大债务和其他负债，包括税收、重大承诺和债务。

“最终母公司年度审计财务报表. 最终母公司及其子公司日期为2023年12月31日的经审计合并资产负债表（i）是根据在整个期间一致适用的GAAP编制的，除非其中另有明确说明;（ii）在所有重大方面公平反映最终母公司及其子公司截至其日期的财务状况及其期内的经营业绩除非另有明确指出，否则根据在其涵盖期间一致适用的GAAP;和（iii）显示最终母公司及其子公司截至其日期的所有重大债务和其他负债（直接或或有），包括税收负债、重大承诺和债务。

“重大不利影响. 自经审计财务报表发布之日以来，不存在任何单独或总体的事件或情况，已产生或合理预计将产生重大不利影响。

“已保留财务预测. 借款人及其子公司的合并预测资产负债表、收益表和现金流量表根据第4.01款

“ 或第6.01节是根据其中所述的假设真诚地编制的，该等假设就交付该等预测时存在的情况而言是公平的，并于交付时代表借款人对其未来财务状况及表现的最佳估计。各方确认并同意，预测、前瞻性信息和预测并非未来业绩的保证，实际结果可能与预测、前瞻性信息或预测存在差异，且该差异可能是重大的。诉讼。除下列规定外

“时间表5.06，没有任何政府当局威胁采取任何行动、诉讼或诉讼，或者据贷款方经过适当和勤奋的调查后实际了解，在法律或公平的情况下，由或针对任何贷款方或任何子公司，或针对他们的任何财产或收入（a）声称影响或与本协议或任何其他贷款文件或此处设想的任何交易有关，或（b）合理预计单独或总体上会产生重大不利影响。

“无默认。本协议或任何其他贷款文件所设想的交易的完成并未发生、正在持续或不会导致违约。

“财产所有权。每个贷款方及其每个子公司都拥有良好的记录和可出售的所有权，或在其正常业务开展中所需或使用的所有不动产中拥有有效的租赁权益，但合理预期不会产生重大不利影响的所有权缺陷除外。

“环境合规。贷款方及其各自的子公司一直遵守现有的环境法，并且没有任何声称其各自的业务、运营和财产违反任何环境法的潜在责任或责任的索赔，除非此类不遵守或索赔单独或总体不会合理预期会产生重大不利影响。

“任何贷款方或其任何子公司均未单独或与其他潜在责任方一起完成与任何地点、地点或作业中危险材料的任何实际或威胁释放、排放或处置有关的任何调查或评估、补救或应对行动，自愿或根据任何政府当局的命令或任何环境法的要求;以及在，产生、使用、处理、处理或储存的所有危险材料，或运往或运自，任何贷款方或其任何子公司目前或以前拥有或运营的任何财产已以合理预期不会导致任何贷款方或其任何子公司承担重大责任的方式处置子公司保险

“贷款方的财产由财务健全且信誉良好的保险公司（非贷款方附属公司）投保，保险金额、免赔额和涵盖在适用贷款方或适用子公司运营的地点从事类似业务并拥有类似财产的类似规模的公司通常承担的风险。的贷款方的一般责任、意外事故、财产、恐怖主义和业务中断保险范围于重述截止日期生效，以及截至最后日期，该计划需要根据

“第6.02节，概述了承运人、保单号码、有效日期、类型、金额和免赔额附表5.10 且该保险范围符合本协议和其他贷款文件中规定的要求。

“税” 除下列规定外附表5.11

“，每个贷款方及其子公司已提交所有联邦、州和其他需要提交的重大纳税申报表和报告，并支付了对其或其财产、收入或资产征收或征收的所有联邦、州和其他重大税款、评估、费用和其他政府收费，否则到期和应付，除非那些通过勤奋进行的适当程序善意地提出异议，并且已根据GAAP提供了足够的准备金。除非附表5.11

“，没有针对任何贷款方或任何子公司的拟议税务评估，如果进行将产生重大不利影响，也没有适用于借款人或任何子公司的任何税收分享协议。为完善授予行政代理人的担保权益（为了被担保方的可征税利益）而要求的任何和所有文件的备案和记录将不会导致任何文件税、印花税或其他税，但应与此类备案或记录同时支付的惯例备案和记录费除外（视情况而定）。ERISA合规性。遵守法律。每个贷款方及其每个子公司都遵守所有法律以及适用于其或其财产的所有命令、令状、禁令和法令的要求，除非在以下情况下：（a）法律或命令、令状、禁令或法令的此类要求正在通过勤奋进行的适当程序真诚地提出异议或（b）未能遵守，无论是单独还是总体，都不会合理预期会产生重大不利影响。

“偿付能力借款人及其子公司在合并基础上具有偿付能力。伤亡等.

“任何贷款方或其任何子公司的业务或财产均不受任何火灾、爆炸、事故、罢工、停工或其他劳资纠纷、干旱、风暴、冰雹、地震、禁运、天灾人祸或公敌或其他事故（无论是否受保险承保）的影响，无论是单独还是总体而言，合理预计会产生重大不利影响。制裁担忧。

“贷款方或任何子公司，据贷款方及其子公司所知，贷款方或任何子公司，以及其任何董事、高级官员、雇员、代理人、附属机构或代表，都不是目前受到任何制裁的个人或实体，也不是任何贷款方或任何子公司位于、组织或居住在指定司法管辖区。负责官员。

“阐述在…上附表1.01（c）

“ 截至重述结束日期以及截至需要根据第6.02节

“ 该等负责官员是该贷款方正式选出的合格官员，并被正式授权代表各自贷款方签署和交付本协议、票据和其他贷款文件。子公司;股权;贷款方。

1.02子公司、合资企业、合作伙伴和股权投资

. 日提出的要求

(a)附表5.20（a）

，是截至重述截止日期以及截至该附表需要根据第6.02节文件、文书和有形查特尔纸. 日提出的要求附表5.21（c）

(b)，截至重述截止日期以及截至最后日期，该附表需要根据

(c)第6.02节

1.03，是对贷款方（包括拥有此类文件、文书和有形查特纸以及行政代理合理要求的其他信息的贷款方）的所有文件、文书和有形查特纸的描述，在每种情况下，价值为1，500，000美元或以上。

(a)存款账户、电子Chattel纸、信用证权利和证券账户阐述在…上

附表5.21（d）（i），截至重述截止日期以及截至最后日期，该附表需要根据第6.02节

(b)，是对贷款方所有存款账户和证券账户的描述，包括（A）适用贷款方的名称，（B）如果是存款，则包括（A）的名称账户、存管机构以及该账户是零余额账户还是工资账户，以及（C）如果是证券账户，则是证券中介机构或发行人。阐述在…上附表5.21（d）（ii）

(c)，截至重述截止日期以及截至最后日期，该附表需要根据第6.02节

(d)，是对所有电子Chatel纸的描述（如UCC中定义）和信用证权利贷款方的（定义见UCC），每种情况下价值为1，500，000美元或以上，包括（A）适用贷款方的名称，（B）如果是电子Chattel Paper（定义见UCC），即账户债务人;（C）对于信用证权利（定义见UCC），即发行人或指定人员（如适用）。商业侵权索赔. 日提出的要求要求与中提及的财务报表一起交付

1.04第6.01（b）节

，一份证书（可能包含在此类合规证书中），包括上一财年进行的所有限制性付款、投资、处置、资本支出和股权发行的金额。

1.05实体结构变化

.在根据本协议条款允许的任何贷款方或其任何子公司的任何合并、合并、解散或实体结构的其他变化之前十（10）天内，向行政代理机构提供实体结构的此类变化通知，以及行政代理机构合理要求的其他信息。在任何贷款方的法定名称、组织状态或组织存在发生任何变化之前不少于五（5）天（或行政代理人同意的延长期限）向行政代理人发出通知。

1.06审计报告;管理信件;建议

. 在行政代理人或任何分包商提出任何要求后，独立会计师立即向任何贷款方董事会（或董事会审计委员会）提交的与任何贷款方或其任何子公司的账目或账簿或对其任何子公司的任何审计有关的任何详细审计报告、管理信件或建议的副本。

年度报告;等. 在收到这些文件后，立即发送给任何借款人股东的每份年度报告、委托书或财务报表或其他报告或通讯的副本，以及任何借款人根据1934年证券交易法第13或15（d）条可能向SEC提交或被要求提交的所有年度、定期、定期和特别报告和登记报表的副本，或任何国家证券交易所，并且在任何情况下无需根据本协议交付给行政代理人。债务证券报表和报告

1.07. 提交后，立即根据任何契约、贷款或信贷或类似协议的条款向任何贷款方或其任何子公司的任何债务证券持有人提供任何书面声明或书面报告的副本，并且无需根据

第6.01节或本节的任何其他条款。SEC通知

. 立即，无论如何，在任何贷款方或其任何子公司收到通知后五（5）个工作日内，从SEC（或任何适用的非美国司法管辖区的类似机构）收到的每份通知或其他信件的副本，涉及该机构对任何贷款方或其任何子公司的财务或其他运营结果进行的任何调查或可能的调查或其他询问。
通知

2.01. 任何贷款方或其任何子公司收到通知后不迟于五（5）个工作日，根据或根据任何文书、契约、贷款或信贷或类似协议收到的所有书面违约通知、修改、豁免和其他修改的副本，以及根据行政代理不时要求，有关此类文书的此类其他重要信息和报告，契约、贷款、信贷和

(a)行政代理可能合理要求的类似协议，但须遵守适用于此类协议的保密限制。环境公告. 在主张或发生此类行为后，立即通知任何贷款方或其任何子公司针对任何环境法或环境许可证采取的任何行动或诉讼，或任何不遵守任何合理预计会产生重大不利影响的行为或诉讼。公共收件箱“）可能有不希望接收有关借款人或其关联公司或上述任何人各自证券的重要非公开信息的人员，并且可能从事有关此类人员证券的投资和其他市场相关活动。借款人特此同意，他们将采取商业上合理的努力来识别可能分发给公共贷方的借款人材料部分，并且（1）所有此类借款人材料均应清楚且显眼地标记「公共」，这至少意味着「公共」一词应出现在其第一页的显眼位置;（2）通过将借款人材料标记为「公共」，借款人应被视为已授权行政代理人、其任何附属机构、借款人，贷方将此类借款人材料视为不包含任何重大非公开信息（尽管它可能是敏感和专有的）就美国联邦和州证券法而言，有关借款人或其证券（但前提是，就此类借款人材料构成信息而言，它们应按照

(b)第11.07节);（3）所有标记为「公共」的借款人材料均允许通过平台指定为「公共方面信息」的部分提供;和（4）行政代理及其任何附属机构和分发者应有权将任何未标记为「公共」的借款人材料视为仅适合在平台未指定为「公共方面信息」的部分上发布。通知。3.03立即（无论如何，在五（5）个工作日内）通知行政代理人和每个申请人：

(c)任何违约事件的发生;任何已导致或合理预计将导致重大不利影响的事项;任何ERISA事件的发生;任何贷款方或其任何子公司对会计政策或财务报告实践的任何重大变更，包括中提及的借款人的任何决定第2.12(B)条及根据本协议发出的每份通知 (a ‘第6.03节应附有每位借款人负责官员的声明，列出其中提及的事件的详细信息，并在适用的范围内说明借款人已采取和计划采取的行动。每份通知均根据

(d)第6.03（a）节应详细描述本协议和任何其他被违反的贷款文件的任何及所有条款。税

支付和免除应到期应付，对其或其财产或资产的所有税务责任、评估和政府收费或征税，除非通过勤奋进行的适当程序善意地提出异议，并且适用的贷款方根据GAAP保留了足够的准备金。保存存在等
根据其组织管辖权的法律，充分保留、更新和维持其合法存在和良好信誉，但允许的交易除外
第7.04节
或

采取一切合理行动，维护正常开展业务所需的所有权利、特权、许可、许可和特许经营权，除非合理预计不这样做会产生重大不利影响;和

保留或更新其所有注册专利、商标、商品名称和服务标记，合理预计不保留这些专利、商标、商品名称和服务标记将产生重大不利影响。
财产维护。
维持、保存和保护其业务运营所需的所有材料属性和设备，使其处于良好的工作状态和状况，正常磨损和报废除外;和

对其进行所有必要的维修、更新和更换，除非合理预计不这样做会产生重大不利影响。

保险的维护。

保险的维护
. 向财务状况良好且信誉良好的保险公司（而不是借款人的附属公司）为其财产和业务提供保险，以防止规模相似、从事相同或类似业务的人员习惯承保的类型和金额在类似情况下由此类其他人员习惯承保的损失或损害，包括恐怖主义保险。

保险凭证

. 促使行政代理被指定为贷方的应付损失、损失受款人或抵押权人（视其利益而定），和/或就任何此类保险提供责任保险或任何抵押品的额外被保险人，除非行政代理人另有同意，否则任何此类保险的每个提供者同意，通过对其发布的一份或多份保单的背书或通过向行政代理提供的独立文书，在更改或取消任何此类保单之前，行政代理将努力提前三十（30）天向行政代理发出书面通知（或如果因未支付保费而取消，则提前十（10）天通知）。每年，应行政代理人的书面要求，当前保险范围到期后，贷款方应向行政代理人提供或促成提供
行政代理人，包括：（i）该等保单的认证副本，（ii）该等保单的证据（如适用，包括ACORD Form 28证书（或类似形式的保险证书）和ACORD Form 25证书（或类似形式的保险证书）），（iii）每份保险单的声明页和（iv）如果为担保方利益而管理代理人不在此类保单的声明页面上，则贷方的应付损失背书。根据行政代理人的要求，贷款方同意向行政代理人提交共享保险信息的授权。
遵守法律。

遵守适用于其或其业务或财产的所有法律以及所有命令、令状、禁令和法令的要求，除非在以下情况下：（a）法律或命令、令状、禁令或法令的要求正在通过勤奋进行的适当程序善意地提出异议;或（b）不合理预期未遵守该规定会产生重大不利影响。

书籍和记录。

在所有重大方面保持适当的记录和账簿，其中应对涉及此类贷款方或此类子公司（视情况而定）的资产和业务的所有金融交易和事项进行完整、真实和正确的记录，其中应在重大符合GAAP的情况下进行记录，并一致适用。
检查权。

允许行政代理的代表和独立承包商参观和检查其任何财产，检查其公司、财务和运营记录，并制作其副本或摘要，并与其董事、高级官员和独立会计师讨论其事务、财务和账目，所有费用均由借款人承担，并在正常营业时间内合理时间提前通知借款人;但前提是，当不存在违约事件时，借款人的任何财政年度进行的此类检查不得超过（1）;然而，前提是，当存在违约事件时，行政代理（或其任何各自的代表或独立承包商）可以在正常营业时间内随时进行上述任何行为，费用由借款人承担，无需提前通知，在本第6.10（a）条规定的每种情况下，须遵守法律或合同规定的保密要求或与律师-委托人特权相关的要求。，在任何情况下，任何此类优先权均不得（直接或间接）确保偿还任何债务;因未导致违约事件的判决或裁决而产生的优先权;前提是适用的贷款方或子公司应真诚地提起上诉或审查程序;出租人、许可人或分包人在任何贷款方或其任何子公司在正常业务过程中签订的任何租赁、许可或分包中的任何权益或所有权，仅涵盖如此租赁、许可或分包的资产;.

(e)担保未偿债务的其他优先权，本金总额不超过门槛金额，前提是此类优先权不得延伸至或涵盖任何抵押品;

(f)就本协议允许的任何租赁提交的预防性UCC融资报表;和

(g)担保债务的留置权

2.02第7.02（l）节

2.03负债累累。

2.04创造、招致、承担或遭受存在任何债务，但：

2.05贷款文件下的债务;

2.06于本报告日期尚未偿还的债务，

附表7.02 以及任何再融资、退款、续期或延期; 提供此类债务的金额在此类再融资、退款、续订或延期时不会增加，但与此类再融资相关的合理溢价或其他合理金额以及合理产生的费用和支出相同的金额，以及与此类再融资相关的任何现有承诺相同的金额，并且与此相关的直接或任何或有债务人没有改变，由于此类再融资、退款、续订或延期或与此类再融资、退款、续订或延期有关;; 与融资租赁义务、合成租赁义务和固定或资本资产的购买款项义务有关的债务第7.01（i）节提供然而，，所有此类债务在任何时候的未偿总额不得超过2，500，000美元;.

2.07(i)[保留]，（ii）借款人的子公司欠该借款人或该借款人的子公司的无担保债务，在本条款（ii）的情况下，该债务应（x）在行政代理要求的范围内，由本票作为根据担保协议的条款抵押给行政代理，（y）按照行政代理人可接受的条款（包括从属条款），并且（z）根据

(a)第7.03节公司间债务");和（iii）在构成借款人及其子公司及其子公司之间的债务、投资和其他公司间交易的情况下，这些交易是条款允许的第7.03节和/或部分任何借款人或任何担保人就借款人或任何担保人本协议允许的债务提供的担保;上述规定未考虑的无担保债务，本金总额在任何时候均不超过2，000，000美元;前提是贷款方遵守了中规定的各项财务契约第7.11节.

(b)根据任何有条件出售或其他所有权保留协议，就该人所获得的财产产生或产生的所有债务;

(i)银行或其他金融机构无意中兑现支票、票据或类似票据（白天透支除外）而产生的债务（前提是此类债务在发生后十（10）个工作日内消灭），并（ii）在正常业务过程中收款或存入背书;任何受以行政代理人为受益人的从属协议约束的从属债务，其形式和实质内容令行政代理人合理满意，且不超过1，000，000美元，除非行政代理人和所需贷款人另有同意;合同义务中的赔偿条款产生的正常业务过程中的或有义务; 正常业务过程中的无担保贸易应付账款，并按正常贸易条款支付，且本协议条款未另行禁止; （i）有关现有信用证债务及其替代品以及其他商业和贸易信用证的债务（包括有关任何此类信用证的偿还义务）在符合过去惯例的正常业务过程中，（ii）根据投标、法定义务、投标、租赁、政府合同、贸易合同、工人赔偿索赔，履约或完成担保、担保、延期、关税、上诉、履约及/或返还款项按金或日常业务过程中产生的其他类似义务，及（iii）银行担保、银行承兑汇票、履约、投标、上诉及担保按金、履约及完成担保或类似义务，在每种情况下，在正常业务过程中或与以往惯例一致;以及任何有担保现金管理协议下的负债。.

(c)投资.进行或持有任何投资，除非：借款人及其子公司以现金或现金等价物形式持有的投资;与另一人合并、解散、清算、合并或并入另一人，或将其全部或几乎全部资产（无论是在一项交易中还是在一系列交易中）处置给或以任何人为受益人，除非，只要不存在违约或将由此产生违约：任何贷款方均可将其全部或绝大部分资产（在自愿清算或其他情况下）处置给另一名贷款方;任何非贷款方的子公司均可将其全部或几乎全部资产（包括任何具有清算性质的处置）处置给（i）另一家非贷款方的子公司或（ii）贷款方，并可解散或清算; .

(d)贷款方可以完成任何允许的贷款方解散（并在行政代理收到（i）任何此类已解散贷款方的解散证明，已正式提交给适用政府当局并由其接受，以及（ii）此类实体在解散时剩余的任何资产已转让给贷款方的证明后，（A）已解散贷款方在贷款文件下的所有义务均应终止，除非任何此类义务在适用贷款文件规定的终止后仍然有效，（B）已解散贷款方将不再是贷款文件下的贷款方，（C）行政代理人和贷方将不再欠款

(e)对已解散贷款方的义务，且已解散贷款方将不再拥有贷款文件项下的进一步权利）。任何借款人及其任何子公司均可合并或合并任何其他人，或允许任何其他人合并或合并; 提供

(f)然而，，在每种情况下，在生效后立即（i）在借款人为一方的任何此类合并的情况下，该借款人是幸存者（或如果该合并涉及两名借款人，其中一名借款人是幸存者）和（ii）在任何此类合并的情况下，任何贷款方（借款人除外）是一方的情况下，该贷款方是幸存者。处置。做出任何处置或达成任何处置协议，除非：允许的转移;在正常业务过程中处置过时或破旧的财产，无论是现在拥有还是以后获得;设备或不动产的处置，前提是（i）此类财产被兑换为类似替代财产的购买价格的信贷，或（ii）此类处置的收益被合理及时地用于此类替代财产的购买价格;允许的处置第7.04节以及明确排除在本文「处置」定义之外的任何转让;

(g)其他处置，只要（i）与此相关的支付代价应为与交易完成同时支付的现金或现金等值物，且金额不得低于处置财产的公平市场价值，（ii）如果该交易是售后回租交易，则该交易不受条款禁止第7.14节（iii）该交易不涉及任何子公司少数股权的出售或其他处置，（iv）该交易不涉及应收账款的出售或其他处置，但本节允许的交易中同时处置的其他财产拥有或归因于其他财产的应收账款除外，和（v）贷款方及其子公司根据本（e）条在重述截止日期之后发生的所有此类交易中出售或以其他方式处置的所有资产的总净资产的总净资产不得超过2，000美元，任何财年总计000;(f)在本协议或其他贷款文件未另行禁止的范围内使用和处置现金或现金等值物;在正常业务过程中以低于全额金额的价格处置因妥协或结算而产生的账户或支付无形资产（每项定义见UCC）;在正常业务过程中，在公平商业交易中向第三方授予许可或再许可，但不得在任何重大方面干扰该人员的业务和运营; 在正常业务过程中以合理同等的代价交换或交换任何财产; 正常业务过程中库存的处置或服务的履行;以及Lingo母公司及其子公司对Holdco的贡献。限制付款。

直接或间接宣布或做出任何限制付款，或为此承担任何义务（或有或有），但除以下方面外 2.07(e)第7.06（f）节

2.08 只要在采取以下任何行动时没有发生违约事件并持续或由此产生违约事件：

2.09任何贷款方的任何子公司都可以向任何贷款方进行限制性付款;

[保留]；借款人可以进行允许的分配;.

2.10借款人和各子公司可以宣布和进行仅以该人员的共同股权支付的股息支付或其他分配;

(a)根据适用的次级协议的条款支付次级债务;借款人和其他贷款方可以向母公司和/或最终母公司进行许可的税收分配;和借款人和其他贷款方可以根据共享服务安排和其他类似交易的条款向母公司和/或最终母公司付款第7.08节为免生疑问，借款人和其他贷款方可以进行许可税收分配，而不考虑任何违约事件。业务性质的变化。

(b)从事与借款人及其子公司于本协议日期开展的业务有重大不同的任何重大业务，或与之实质相关或附带的任何业务。.

(i)与附属机构的交易。

(ii)与任何高级官员、董事或附属机构进行或允许进行任何交易或一系列交易（与关联公司的任何交易涉及总价值或对价低于50美元，000）（a）以外的该人在该人的正常业务过程中以公平合理的条款和条件进行的交易，该条款和条件对该人基本上有利在与

(iii)除高级职员、董事或关联公司之外的人;（b）借款人及其任何或所有子公司、母公司和/或最终母公司之间的共享员工或服务安排和其他类似交易，摘要形式如下

(c)时间表7.08，与重述截止日期相同或相同

2.11时间表7.08

可以以行政代理人可以接受的方式不时更新，前提是不得无理拒绝、限制或延迟接受，和（c）借款人及其子公司自重述截止日期起和之后进行的其他普通课程交易，以成本加基础或以不低于借款人及其子公司能够获得的条款进行在公平的基础上从第三方获得。

(a)繁重的协议。

(b)签订或允许存在任何合同义务（本协议和其他贷款文件除外）（a）保证或限制任何此类人员（i）充当贷款方的能力;（ii）向任何贷款方进行限制性付款，（iii）支付欠任何贷款方的任何债务或其他义务，（iv）向任何贷款方提供贷款或预付款，或（v）对其任何财产或资产（无论是现在拥有的还是以后获得的）设定任何优先权，但仅在第（a）（v）条的情况下，管辖根据

(c)第7.02（c）节或和/或任何允许的优先权，前提是其中所包含的任何此类限制仅与与此相关的建造或获得的资产有关，或（b）如果对此类财产的优先权是作为有担保债务的担保，则要求就任何义务授予对此类财产的任何优先权，但任何允许的优先权除外。收益的使用。使用任何定期贷款的收益，无论是直接或间接，也无论是立即、附带还是最终，购买或持有按金股票（根据FRB U法规的含义）或向他人提供信贷以购买或持有按金股票或偿还最初为此目的产生的债务。金融契约。合并总融资债务比率。允许截至下文所述借款人任何财政季度末的任何测量期结束时的合并总融资债务比率大于下文所述与该期间相对的比率：2.11(c)测量期结束

2.12最高合并总融资债务比率

(a)2025年3月31日以及此后截至2026年12月31日（含）的每个财政季度2027年3月31日及此后结束的每个财政季度

(b)综合固定费用覆盖率. 允许截至借款人任何财政季度结束（从借款人截至2025年3月31日的财政季度开始）的任何测量期结束时的综合固定费用覆盖率低于1.10：1.00。股权治愈. 如果借款人未能遵守

2.13第7.11（a）节

或

对于任何测量期（任何此类失败，一个“

2.14财务契约违约

(a)”），借款人有权根据以下条款和条件（“股权治愈权

(b)如果借款人希望纠正任何财务契约违约，借款人应向行政代理提交借款人意图纠正的不可撤销的书面通知（a”治疗通知b“）不迟于（x）要求提交每个借款人负责官员为适用财政季度签署的财务报表和合规证书的日期和（y）实际提交适用财政季度的财务报表和合规证书的日期（以较早者为准）后五（5）个工作日。解决通知应列出根据本协议条款解决适用财务契约违约所需的股权解决投资金额的计算（“以下简称“

(c)财务契约治愈金额如果借款人发出解决通知，最终母公司应直接或间接购买Holdco不属于被取消资格股本的股权，或向Holdco提供现金注资（统称为“股权治愈投资“）金额等于财务契约治愈金额，不迟于（x）要求交付适用财政季度的财务报表和合规证书的日期和（y）实际交付适用财政季度的财务报表和合规证书的日期（以较早者为准）后十（10）个工作日。适用财政季度的财务报表和合规证书的日期。 Holdco从此类购买或缴款中收到的现金收益应被视为增加了按美元计算的合并调整后EBITDA，并且此类增加的金额可以包括在对财务契约的重新计算中，从而导致该购买或缴款之前的财政季度的财务契约违约（如适用），并且，在不重复的情况下，接下来三个财政季度的每个季度。

(d)股权治愈权不得在任何连续四个财政季度内（x）超过两（2）个财政季度内行使，或（y）在本协议期限内行使超过四（4）次，并且任何股权治愈投资的金额不得超过使借款人遵守所有财务契约所需的合并调整EBITDA金额。Holdco及时收到Equity Cure Investment的现金收益，并立即将其100%的收益用作未偿定期贷款的强制预付款后，适用的财务契约违约应被视为已解决。

为了确定正在治愈的财政季度和接下来三个财政季度的财务契约的遵守情况，任何用股权治愈投资收益预付的定期贷款应被视为未偿还。[保留]。组织文件的修改;财年;法定名称、组建状态;实体形式和会计变更。以任何不利于行政代理人或贷方的方式修改其任何组织文件;更改其财年;.

(e)未提前十（10）天向行政代理人提供书面通知（或行政代理人同意的延长期限），更改其名称、组建状态、组织形式或主要营业地;或对会计政策或报告实践做出任何改变，但GAAP要求的除外。

(f)出售和回租交易。进行任何售后回租交易。

2.15债务的预付款等。

在预定到期日之前以任何方式预付、赎回、购买、冲销或以其他方式满足或有义务这样做（包括通过行使任何抵消权），或违反任何债务的任何次级、停顿或抵押品分享条款或管辖任何债务的条款进行任何付款，但（a）根据本协议条款预付定期贷款，（b）定期安排或要求偿还或赎回中规定的债务

附表7.02

以及此类债务的再融资和退款符合

第7.02(B)条

和

2.16 任何有利于行政代理的从属协议条款可能允许。

(a)[保留]。[保留]。于对俄制裁直接或间接使用定期贷款的收益，或将定期贷款的收益借给、贡献或以其他方式提供给任何人，为任何人或在任何指定司法管辖区内的任何活动或与任何人的业务提供资金，在提供此类资金时，这些活动或业务受到制裁，或以任何其他方式导致任何人（包括任何参与交易的人，无论是作为分包商、分包商、行政代理人或其他人）违反制裁。

(b)第八条违约事件和补救措施违约事件。以下任何情况均构成违约事件：

(c)不付款. 借款人或任何其他贷款方未能（i）在本协议要求支付时支付定期贷款的任何本金，或（ii）在定期贷款到期后三（3）天内支付定期贷款的任何利息或根据本协议到期的任何费用，或（iii）在定期贷款到期后五（5）天内，根据或任何其他贷款文件支付的任何其他金额;或特定的契约. (i)任何贷款方未能履行或遵守任何条款、契约或协议

(d)第6.05节

(e)第七条

(f) 或

(g)第十条或（ii）任何贷款方未能履行或遵守担保协议第3或4条中包含的任何条款、契约或协议;或（ii）任何贷款方未能履行或遵守任何条款、契约或协议中包含的任何条款、契约或协议

(i)第6.01节

(ii) 或

(iii) 且此类故障在十（10）天内仍未得到补救;或

(iv)其他默认值

(v). 最终父母、父母、任何贷款方未能履行或遵守任何其他契约或协议（未在

2.17第8.01(A)条

(a) 或上述）包含在任何需要履行或遵守的贷款文件中，并且此类未履行持续三十（30）天;或

(i)申述及保证. 借款人或任何其他贷款方或代表借款人或任何其他贷款方做出或被视为做出的任何陈述、保证、证明或事实陈述（在每种情况下，预测、前瞻性信息和预测除外）在做出或被视为做出时应不正确或具有误导性;或交叉默认. (i)最终母公司、母公司、任何贷款方或其任何子公司（A）未能在到期时支付任何付款（无论是按预定到期、要求预付款、加速、需求，或其他）就任何债务或担保（不包括本协议项下的债务和掉期合同项下的债务以及以行政代理人为受益人的任何次级协议条款的要求）有本金总额（包括未提取的承诺或可用金额，幷包括任何合并或银团信贷安排下欠所有债权人的金额）超过门槛金额，（或者对于最终父母或父母，20，000美元，000）或（B）未能遵守或履行与任何此类具有本金总额的债务或担保有关的任何其他协议或条件（包括未提取的承诺或可用金额，幷包括根据任何合并或银团信贷安排欠所有债权人的金额）超过门槛金额（或对于最终母公司或母公司，$20，000，000）或包含在证明、担保或相关的任何文书或协议中，或发生的任何其他事件，其中违约或其他事件将导致或允许，该债务的持有人或该担保的受益人或受益人（或代表该持有人或一名或多名持有人或一名或多名受益人的受托人或代理人）在必要时发出通知后，促使要求或到期或回购、预付、失败或救赎（自动或以其他方式），或在规定到期日之前回购、预付、冲销或赎回此类债务的要约，或将成为可支付的担保或要求的现金抵押品;（ii）根据任何掉期合同存在提前终止日期（如该掉期合同中的定义）由于（A）该掉期合同项下的任何违约事件，最终母公司、母公司、贷款方或其任何子公司是违约方（定义见该互换合同）或（B）该互换合同下的任何终止事件（定义见该终止事件），其中最终母公司、母公司、贷款方或其任何子公司是受影响方（定义见该协议），并且在任何一种情况下，均为以下各方所欠的互换终止价值最终母公司、母公司、该贷款方或该子公司因此而高于门槛金额（或对于最终母公司或母公司，为20，000，000美元）;或.

(ii)破产程序等. 最终母公司、母公司、任何贷款方或其任何子公司根据任何债务人救济法提起或同意提起任何诉讼，或为债权人的利益进行转让;或申请或同意为其或为其全部或任何重要部分任命任何接管人、受托人、保管人、保管人、清算人、康复人或类似官员;或任何接管人、受托人、保管人、清算人、平反人或类似官员未经该人员申请或同意而被任命，并且该任命持续四十五（45）个日历日未解除或未中止;或根据任何债务人救济法提起的与任何此类人员或其全部或任何重要部分财产有关的任何诉讼未经同意该人员并在六十（60）个日历日内继续未被解雇或未被拘留，或在任何此类诉讼中下达了救济令;或无力偿还债务;依恋. (i)最终母公司、母公司、任何贷款方或其任何子公司变得无法或以书面形式承认其无力或一般未能偿还其到期债务，或（ii）针对任何此类人员的全部或任何重要部分财产发出或征收任何令状或令状或执行令或类似程序，且未被释放，发放或征税后三十（30）天内腾空或完全担保;或判决. 针对任何贷款方或其任何子公司做出（i）一项或多项最终判决或命令，以支付总额的资金（关于所有此类判决和命令）（在独立第三方保险未承保的范围内，保险人被AM Best Company评级至少为「A」，已被通知潜在索赔并且对承保范围没有异议），或合理预计会单独或总体产生重大不利影响，并且在任何一种情况下，（A）任何债权人根据该判决或命令启动执行程序，或（B）在连续二十（20）天的期间内，由于未决上诉或其他原因，暂停执行该判决不生效，或（ii）作出任何一项或多项非货币最终判决，这些判决已产生或合理预计将单独或总体产生重大不利影响，并且，在任何一种情况下，（A）任何债权人根据该判决或命令启动执行程序，或（B）有连续二十（20）天的时间暂停执行该判决，由于未决上诉或其他原因，无效;或ERISA. (i)与养老金计划或多雇主计划相关的ERISA事件已导致或合理预计将导致ERISA第IV条下的任何贷款方对养老金计划、多雇主计划或PBGC的责任总额超过门槛金额，或（ii）任何借款人或任何ERISA关联公司未能在任何适用的宽限期到期后到期付款，在多雇主计划下，与ERISA第4201条下的提款责任相关的任何分期付款总额超过门槛金额;或贷款文件的失效. 任何贷款文件的任何条款，在其签署和交付后的任何时间，出于除本协议或本协议明确允许或完全履行贷款文件下产生的所有义务之外的任何原因，在任何重大方面不再完全有效;或任何贷款方或任何其他人以任何方式对任何贷款文件任何条款的有效性或可执行性提出异议;或任何贷款方否认其在任何项下负有任何或进一步的责任或义务提供任何贷款文件，或旨在撤销、终止或撤销任何贷款文件的任何提供; 控制权的变更

. 发生任何控制权变更;或重大不利影响第2.15节和，由行政代理按以下顺序申请：第一，支付构成费用、赔偿金、费用和其他金额的担保债务部分（包括向行政代理人支付的合理且有记录的自付费用、费用和支出以及根据以下规定应付的金额）第三条)以行政代理的身份支付给行政代理；第二，支付构成应支付给贷方的费用、赔偿金和其他金额（本金或利息除外）的担保债务部分（包括，如果根据本项可报销的话，外部顾问的费用、收费和支出）

(iii)各自的贷方）根据贷款文件产生的以及根据第三条

(b)，按本条款所述的相应金额比例计算第二支付给他们的；第三，支付构成定期贷款和贷款文件下产生的其他有担保债务的应计和未付利息的担保债务部分，贷款人之间按本条款中描述的相应金额比例按比例分摊 , 第三支付给他们的；

2.18第四

，支付构成根据有担保对冲协议和有担保现金管理协议欠下的定期贷款和有担保债务未付本金的有担保债务部分，在贷方、对冲银行和现金管理银行之间按本条款中描述的相应金额的比例按比例分摊

(a)第四

(b) 由他们持有;以及

(i)最后的

(ii)，在所有担保债务已不可挽回地全额支付后，向借款人或法律另有要求的余额（如果有）。

(iii)与任何担保人相关的排除互换债务不得用从该担保人或其资产收到的金额来支付，但应对其他贷款方的付款进行适当调整，以保留本节上文规定的有担保债务的分配。

尽管有上述规定，如果行政代理尚未从适用的现金管理银行或对冲银行（视情况而定）收到担保方指定通知以及行政代理可能要求的支持文件，则担保现金管理协议和担保对冲协议下产生的担保义务应被排除在上述申请之外。每个非本协议一方的现金管理银行或对冲银行已发出前句所述通知，应通过该通知被视为已根据条款承认并接受行政代理人的任命
第九条

3.01 为自己及其附属公司，

(a)出借人.

(i)“当事人。

(ii)第九条行政代理任命和权力。

(b)任命. 每个贷款人特此不可撤销地任命、指定并授权加州银行代表其作为本协议项下和其他贷款文件项下的行政代理人，并授权行政代理人代表其采取行动并行使本协议条款委托给行政代理人的权力，以及合理附带的行动和权力。本文的规定仅为行政代理人和贷方的利益服务，任何借款人或任何其他贷方均不享有作为任何此类规定的第三方受益人的权利。双方理解并同意，「一词」的使用a剂

(c)“本文或任何其他贷款文件（或任何其他类似术语）中提及行政代理人并不旨在暗示任何适用法律的代理原则下产生的任何信托或其他暗示（或明确）义务。相反，该术语被用作市场习惯，旨在仅创建或反映缔约方之间的行政关系。.

(i)抵押品代理.行政代理人还应担任贷款文件和每个贷款人项下的「担保代理人」（包括作为潜在对冲银行和潜在现金管理银行的身份）特此不可撤销地任命并授权行政代理人作为此类应收账款的代理人，以收购、持有和执行任何贷款方为担保任何有担保债务而授予的任何及所有抵押品优先权，以及合理附带的权力和自由裁量权。在这方面，行政代理人作为「担保代理人」以及行政代理人根据第9.05节

(ii) 为了持有或执行根据抵押文件授予的抵押品（或其任何部分）的任何优先权，或为了根据行政代理人的指示行使其项下的任何权利和补救措施），应有权享受本条款所有条款的利益第九条和ii).

(d)Xi文章(包括第11.04（c）节，好像这些共同代理人、副代理人和律师实际上是“

(e)抵押品代理人.

(i)“根据贷款文件），就像本文中对此进行了完整的阐述一样。

作为收件箱的权利。作为本项下的行政代理人的人以行政代理人的身份享有与任何其他行政代理人相同的权利和权力，并可以行使相同的权利和权力，就好像其不是行政代理人一样，并且“, 出借人「或」贷款人“除非另有明确说明或除非上下文另有要求，否则应包括以个人身份担任本协议项下行政代理人的人。该人员及其附属机构可以接受存款、借钱、拥有证券、担任财务顾问或任何其他咨询身份，并一般从事任何类型的银行、信托、财务、咨询、与任何贷款方或其任何子公司或其他关联公司的承保或其他业务，就好像该人不是本协议项下的行政代理人，并且没有任何责任向贷方或就此向贷方提供通知或同意。

(ii)无罪条款。

(A)除本协议和其他贷款文件中明确规定的职责或义务外，行政代理人不应承担任何职责或义务，其在本协议项下的职责应具有行政性质。在不限制前述规定的一般性的情况下，行政代理人及其关联方：

(B)无论违约是否已发生且仍在持续，均不受任何受托或其他隐含义务的约束;

(1)没有任何义务采取任何自由裁量行动或行使任何自由裁量权，但此处或其他贷款文件明确规定的自由裁量权和权力除外，行政代理人必须按照所需贷款人的书面指示行使（或本文或其他贷款文件中明确规定的贷方的其他数量或百分比），但不得要求行政代理人采取其认为或其律师认为可能使行政代理人承担责任或违反任何贷款文件或适用法律的任何行动，为免生疑问，包括任何可能违反任何债务人救济法下的自动中止或可能导致没收的行动，违反任何债务人救济法修改或终止违约债权人的财产;以及

(2)除非本文和其他贷款文件明确规定，否则不得有任何义务或责任披露任何信息，并且不对未能披露任何信息负责

(3)以任何身份向担任行政代理人或其任何附属机构传达或获得的与任何贷款方或其任何附属机构有关的信息。行政代理人或其任何关联方均不对行政代理人根据本协议或任何其他贷款文件或此处或由此设想的交易采取或未采取的任何行动承担责任（i）经所需贷款人同意或要求（或必要的贷方的其他数量或百分比），或行政代理人真诚地相信必要的，在规定的情况下第11.01节和）或（ii）具有管辖权的法院通过最终且不可上诉的判决确定其自身不存在重大过失或故意不当行为。根据上述规定采取的任何此类行动或未能采取行动，对所有贷款人均具有约束力。除非借款人或借款人以书面形式向行政代理人发出违约通知，否则行政代理人应被视为不知道任何违约行为。

(4)行政代理人或其任何关联方对任何申请人或参与者或任何其他人都没有任何责任或义务确定或查询（i）在本协议或任何其他贷款文件中或与之相关的任何声明、保证或陈述，（ii）根据本协议或任何其他贷款文件交付的任何证书、报告或其他文件的内容，（iii）履行或遵守本协议或其中规定的任何契约、协议或其他条款或条件，或发生任何违约，（iv）本协议、任何其他贷款文件或任何其他协议、文书或文件的有效性、可撤销性、效力或合法性，或创建，担保文件声称设定的任何优先权的完善性或优先权，（v）任何担保文件的价值或充分性，或（vi）满足第四条或本文其他地方，确认收到明确要求交付给行政代理的物品除外。行政代理人的信赖。行政代理人有权依赖任何通知、请求、证书、通讯、同意、声明、文书、文件或其他书面材料，并在依赖时受到充分保护，并且不因依赖而承担任何责任（包括任何电子消息、互联网或内联网网站发布或其他分发）相信是真实的并已签署，发送或由适当的人以其他方式认证。行政代理人还可以依赖口头或电话向其做出的任何声明，并相信该声明是由适当的人做出的，并且在依赖时应受到充分保护，并且不因依赖而承担任何责任。在确定定期贷款项下的任何条件是否符合（根据其条款必须达到贷方满意的程度）时，行政代理人可以假设该条件令贷方满意，除非行政代理人在提供定期贷款之前收到了贷方的相反通知。行政代理可以咨询法律顾问（可能是贷款方的律师）、独立会计师和其选择的其他专家，并且对其根据任何此类顾问、会计师或专家的建议采取或未采取的任何行动不承担责任。为了确定是否符合中规定的条件第4.01节，签署本协议的每个分包商应被视为已同意、批准或接受或满意本协议要求分包商同意或批准、接受或满意的每一份文件或其他事项，除非行政代理在拟议重述截止日期之前收到了该分包商的通知，明确其反对意见。

(C)职责委托。

(D)行政代理人可以由或通过行政代理人指定的任何一个或多个分代理人履行其根据或任何其他贷款文件履行其任何和所有职责并行使其权利和权力。行政代理人和任何此类分代理人可以通过或通过其各自的关联方履行其任何和所有职责并行使其权利和权力。本文的免责条款适用于任何此类子代理人以及行政代理人和任何此类子代理人的关联方，并适用于他们各自与定期贷款辛迪加相关的活动以及作为行政代理人的活动。行政代理人不对任何次级代理人的疏忽或不当行为负责，除非具有管辖权的法院在最终且不可上诉的判决中确定行政代理人在选择此类次级代理人时存在重大疏忽或故意不当行为。行政代理人的解雇。告示

(iii). 行政代理人可随时向贷方和借款人发出辞职通知。收到任何此类辞职通知后，所需贷款人有权与借款人协商后任命继任者，继任者应为在美国设有办事处的银行，或任何此类银行在美国设有办事处的附属机构。如果所需贷款人尚未任命此类继任者，并且应在退休的行政代理人发出辞职通知后三十（30）天内（或所需贷款人同意的较早日期）接受此类任命（“离职生效日期”），那么退休的行政代理人可以（但没有义务）代表贷方任命符合上述资格的继任行政代理人。无论是否已任命继任者，该辞职均应根据该通知在辞职生效日期生效。

(f)行政代理人的免职，管理代理将签署并向适用贷款方交付贷款方合理要求的文件，以证明该抵押品项目已从抵押品文件项下授予的转让和担保权益中解除，或将其在该项目中的权益置于次要地位，或免除该担保人在担保项下的义务，费用由借款人承担，在每种情况下，根据贷款文件和本的条款

第9.10节管理代理人不应负责或有义务确定或调查有关抵押品的存在、价值或可收回性、管理代理人在抵押品上的优先权或完善性的任何陈述或保证，或任何贷款方为此准备的任何证书，管理代理人也不因未能监控或维护抵押品的任何部分而对贷方负责或承担任何责任。有担保现金管理协议和有担保对冲协议。除本文另有明确规定外，现金管理银行或对冲银行均不得获得以下条款的利益第8.03节、担保或任何抵押品凭借本协议条款或任何抵押品应有权通知任何诉讼，或同意、指示或反对根据任何其他贷款文件或其他有关抵押品的任何诉讼（包括任何抵押品的释放或损害）（或通知或同意本协议条款或担保书或任何抵押文件的任何修订、放弃或修改），但作为担保人除外，在这种情况下，仅在贷款文件明确规定的范围内。尽管有任何其他规定第九条

(g) 相反，除非本文明确规定，并且除非行政代理已收到该担保债务的担保方指定通知，否则不得要求行政代理核实有担保现金管理协议和有担保对冲协议下产生的担保债务的支付或已就这些债务做出其他令人满意的安排，连同行政代理人可能要求的相关现金管理银行或对冲银行（视情况而定）提供的证明文件。在设施终止日期的情况下，行政代理人无需核实有担保现金管理协议和有担保对冲协议下产生的有担保债务的支付情况或已就这些债务做出其他令人满意的安排。某些ERISA很重要。每个应收账款（x）代表并保证，自该人成为本协议的应收账款一方之日起，并且（y）承诺，自该人成为本协议的应收账款一方之日起至该人不再成为本协议的应收账款一方之日止，为了行政代理人的利益，而不是为了任何借款人或任何其他贷款方的利益，为了避免疑问，为了任何借款人或任何其他贷款方的利益，以下至少有一项是正确的：此类收件箱并未使用一个或多个福利计划的「计划资产」（ERISA第3（42）条或其他条款的含义内）;

3.02一个或多个Pe中规定的交易豁免，例如DTE 84-14（由独立合格专业资产管理公司确定的某些交易的类别豁免），DTE 95-60（涉及保险公司普通账户的某些交易的类别豁免），DTE 90-1（涉及保险公司汇集单独账户的某些交易的类别豁免），GPT 91-38（涉及银行集体投资基金的某些交易的类别豁免）或DTE 96-23（内部资产管理公司确定的某些交易的类别豁免），适用于此类贷款的进入、参与、管理和履行贷款，信用证、承诺和本协议;

(A)此类子公司是由「合格专业资产经理」管理的投资基金（定义见DTE 84-14第VI部分），（B）该合格专业资产经理代表该贷方做出投资决定，以签订、参与、管理和履行贷款、信用证、承诺和本协议，（C）签订、参与、贷款、信用证、承诺和本协议的管理和履行满足DTE 84-14第一部分第（b）至（g）小节的要求，以及（D）据了解，GPT 84-14第一部分第（a）小节的要求符合该分包商进入，参与、管理和履行贷款、信用证、承诺和本协议，或

3.03行政代理人与该代理人之间可能以书面形式商定的其他陈述、保证和契约。

(a)此外，除非（1）上一条（a）中的第（i）款对于分包商来说是真实的，或者（2）分包商已根据上一条（a）中的第（iv）款提供了另一种陈述、保证和契诺，否则该分包商进一步（x）代表和保证，截至该人成为本协议的分包方之日，并且（y）契诺，自该人成为本协议的受委托方之日起至该人不再成为本协议的受委托方之日止，其目的是为了行政代理人的利益，而不是为了借款人或任何其他贷款方的利益，为了避免疑问，为了借款人或任何其他贷款方的利益，行政代理人不是有关该借款人参与、参与、贷款、承诺和本协议的管理和履行（包括与行政代理在本协议项下保留或行使任何权利有关的任何权利、任何其他贷款文件或与本协议或相关的任何文件）。

第十条

(b)连续保证

(c)保证。

每个有担保担保人特此绝对且无条件地、共同和单独担保，作为付款和履行的担保，而不仅仅是收款担保，在到期时及时付款，无论是在规定的到期日，通过要求提前付款，在加速、要求或其他情况下，

(d)每位有担保担保人特此任命借款人和借款代理人（如适用）为其本协议和其他贷款文件的所有目的充当其代理人，并同意（a）借款人和借款代理人（如适用）可以代表作为借款人或借款代理人（如适用）的有担保担保人签署该文件，他们或其全权酌情认为合适，每个有担保担保人都有义务遵守代表其签署的任何此类文件的所有条款，（b）行政代理人或贷方向借款人或借款代理人发送的任何通知或通讯（如适用），应视为已交付给每位有担保担保人，并且（c）行政代理或贷方可以接受并被允许依赖借款人或借款代理（如适用）代表每位有担保担保人执行的任何文件、文书或协议。

(e)贡献权。

(f)有担保担保人之间同意，就根据本项下的付款而言，每位有担保担保人应拥有适用法律允许的针对其他有担保担保人的缴款权。

(g)Keepwell。

(h)在贷款文件项下的担保或授予优先权时，每个贷款方都是合格BEP担保人（在任何情况下，由任何指定贷款方在任何情况下），对任何互换义务生效，特此共同和单独、绝对地，无条件且不可撤销地承诺向各指定贷款方提供与互换义务相关的资金或其他支持指定贷款方不时履行其在贷款文件项下与该互换义务相关的所有义务（但在每种情况下，仅限于在不履行该合格BEP担保人在此项下的义务和承诺的情况下可能产生的此类责任的最高金额

(i)第十条

根据与欺诈性转让或欺诈性转让有关的适用法律撤销，并且不得就任何更大金额）。本节规定的每位合格BEP担保人的义务和承诺应保持完全有效，直到担保债务无法兑现并全额履行为止。各贷款方均希望本节构成且本节应被视为构成对「义务的担保」

3.04保持良好、支持或其他协议

(a)“为了每个特定贷款方的利益，符合《商品交易法》的所有目的。第十一条

(i)其他修正案等);

(ii)除非由所需贷款人和借款人或适用贷款方（视具体情况而定）书面签署并得到行政代理的承认，否则对本协议或任何其他贷款文件任何条款的修改或放弃，以及对借款人或任何其他贷款方偏离的同意均无效，且每项此类放弃或同意均应

(iii)仅在特定情况下和特定目的有效;但前提是此类修改、放弃或同意不得：

放弃中规定的任何条件第4.01节，未经每个分包商书面同意;

未经任何分包商书面同意，延长或增加任何分包商的任何承诺（不言而喻，放弃第4.01节或放弃任何违约不应构成任何分包商任何承诺的延长或增加）;一般告示. 除非明确允许通过电话发出通知和其他通信，（且除下文（b）小节规定的情况外），本文规定的所有通知和其他通讯均应为书面形式，并应通过亲自或隔夜快递服务交付、通过认证邮件或注册邮件邮寄或通过传真传输或电子邮件传输发送，如下所示，本协议明确允许通过电话发出的所有通知和其他通信应发送至适用的电话号码，具体如下：

(b)如果向借款人或任何其他贷款方或行政代理人发送，则发送至为该人员指定的地址、传真号码、电子邮件地址或电话号码附表1.01(A)

(c)[及].

(d)如果发送给任何其他借款人，则发送至其行政调查问卷中指定的地址、传真号码、电子邮件地址或电话号码（酌情包括仅发送给借款人在其行政调查问卷中指定的人员的通知，该通知当时适用于递送可能包含与借款人相关的重要非公开信息的通知）。通过亲自或隔夜快递服务发送的通知和其他通讯，或通过认证或注册邮件邮寄的通知和其他通讯，在收到时应视为已发出;发送的通知和其他通讯（传真传输或电子邮件传输在发送时应视为已发送（除非，如果不是在收件人的正常营业时间内发送，应视为在收件人下一个工作日开业时提供）。在下文（b）小节规定的范围内，通过电子通信传递的通知和其他通信应按照（b）小节的规定有效。

电子通信(a). 根据行政代理批准的程序，向贷方发出的通知和其他通信可以通过电子通信（包括电子邮件地址和互联网或内联网网站）交付或提供，但上述内容不适用于根据行政代理批准的程序向任何贷方发出的通知 (b)第二条

(e) 如果该收件人已通知行政代理其无法通过电子通信接收该条款下的通知。行政代理人或借款人均可自行决定，同意根据其批准的程序通过电子通信方式接受向其或其发出的通知和其他通信，前提是该等程序的批准可能仅限于特定通知或通信。 .

(f)除非行政代理人另有规定，（i）发送到电子邮件地址的通知和其他通信在发件人收到预期收件人的确认后应视为已收到（例如通过“要求回执“功能（如有），返回电子邮件地址或其他书面确认），并且（ii）在预期收件人通过其电子邮件地址视为收到后，即视为已收到，如上述通知第（i）条所述，此类通知或通讯可用并识别其网站地址;前提是，对于第（i）和（ii）条，如果该通知、电子邮件或其他通讯未在收件人的正常营业时间内发送，则该通知、电子邮件或通讯应被视为已在收件人下一个营业日开业时发送。站台

3.05. 该平台以「原样」和「可用」的方式提供。代理方（定义如下）不保证借款人材料的准确性或完整性或平台的充分性，并明确声明不对借款人材料中的错误或遗漏承担责任。您明确理解和同意，中国机械制造物联网不对因下述任一情况而发生的任何损害赔偿承担责任，包括但不限于利润、商誉、使用、数据等方面的损失或其他无形损失的损害赔偿（无论中国机械制造物联网是否已被告知该损害赔偿的可能性）：在任何情况下，行政代理或其任何关联方（统称为“

代理方

“）对借款人、任何贷款人或任何其他人因借款人、任何贷款方或行政代理通过互联网、电信、电子或其他信息传输系统传输借款人材料或任何其他信息而产生的任何类型的损失、索赔、损害赔偿、责任或费用（无论是侵权行为、合同还是其他方式）。地址变更等

3.06. 各借款人或行政代理人可通过通知本协议其他各方的方式变更其地址、传真号码或电话号码或电子邮件地址，以便进行通知和本协议项下的其他通信。其他借款人可通过通知借款人或行政代理人变更其地址、传真号码或电话号码或电子邮件地址，以便在本协议项下进行通知和其他通信。此外，各代理商同意不时通知行政代理商，以确保行政代理商记录有（i）有效地址、联系人姓名、电话号码、传真号码和电子邮件地址，以便向其发送通知和其他通信，以及（ii）该代理商的准确电汇指示。此外，每个公共供应商同意促使至少一（1）个人在或代表该公共供应商在任何时候都选择了“

私人方面信息或平台的内容声明屏幕上的类似指定，以便使该公共发行人或其代表能够根据该公共发行人的合规程序和适用法律（包括美国联邦和州证券法）引用未通过公开侧面信息“平台的一部分，并且可能包含与借款人或其证券有关的重大非公开信息，以美国联邦或州证券法为目的。行政代理人和放款人的信赖. 行政代理人和贷方有权依赖任何通知并根据其行事（包括电话或电子贷款通知），即使（i）该等通知并非以本协议规定的方式发出，不完整或之前或之后没有本协议规定的任何其他形式的通知，或（ii）接收人理解的该等通知的条款，与任何对其的确认不同。贷款方应向行政代理人、每位贷款人及其关联方赔偿因该人员依赖贷款方或代表贷款方发出的每份通知而产生的所有损失、成本、费用和责任，但贷款方自身的重大疏忽或故意不当行为除外。所有发给行政代理人的电话通知和与行政代理人的其他电话通讯均可由行政代理人记录，双方特此同意此类记录。无豁免;累积补救措施;执行。任何贷款人或行政代理人未能行使或延迟行使本协议项下或任何其他贷款文件项下的任何权利、补救、权力或特权，均不应视为其放弃;任何单一或部分行使任何权利、补救措施，根据或任何其他贷款文件项下的权力或特权阻止其任何其他或进一步行使，或行使任何其他权利、补救措施，权力或特权。本文中以及其他贷款文件中提供的权利、补救措施、权力和特权是累积的，并且不排除法律规定的任何权利、补救措施、权力和特权。尽管本文或任何其他贷款文件中包含任何相反规定，针对贷款方或其中任何一方执行本项下和其他贷款文件项下的权利和补救措施的权力应仅属于贷款方或任何一方，并且与此类执行相关的所有法律诉讼和诉讼均应仅由以下行政代理人提起和维持： 3.04根据第8.02节为了所有贷方的利益;

3.07提供

然而，，上述规定不应禁止（a）行政代理人代表自己行使本协议项下和其他贷款文件项下对其有利（仅以其作为行政代理人的身份）的权利和补救措施，（b）任何借款人根据第11.08节

(受制于
第2.15节

4.01），或（c）在根据任何债务人救济法与任何贷款方相关的诉讼悬而未决期间，任何拒绝提交索赔证明或代表其自己出庭和提交诉状;和

贷款当事人的赔偿

(a). 贷款方应向行政代理（及其任何分代理）、每位分包商和任何上述人员（每位此类人员被称为“受偿人

(b)“）针对任何和所有实际和有记录的实付损失、索赔、损害赔偿、负债和相关费用（包括任何受偿人的任何外部顾问的合理和有记录的费用、收费和支出，并使每个受偿人免受这些损失，但前提是仅限于一家律师事务所合理且有记录的自付费用（加上当地律师）所有贷方（并且，在实际或感知的利益冲突的情况下，为此类受影响的申请人提供另一家律师事务所的律师）以及（如果适用且合理必要）和一家律师事务所（加上当地律师）致行政代理人和（如果适用且合理必要）所有贷方在每个相关实质管辖区设立一名当地律师，行政代理在每个相关实质管辖区设立一名当地律师，以及，仅在贷方之间存在利益冲突的情况下，额外增加一名主要律师和（如果适用且合理必要）每个相关重大司法管辖区的一名当地律师，针对处于类似位置并视为一个整体的每组受影响贷款人），任何受偿人发生的或任何人针对任何受偿人的主张（包括借款人或任何其他贷款方）因本协议、任何其他贷款文件或由此或由此设想的任何协议或文书的签署或交付而产生、与之相关或结果，双方履行其在本协议项下或本协议项下的各自义务，或完成本协议项下或本协议项下预期的交易，或就行政代理而言（及其任何分代理人）及其关联方、本协议和其他贷款文件的管理（包括涉及

(c)第3.01节），（ii）定期贷款或其收益的使用或拟议使用，（iii）贷款方或其任何子公司拥有或运营的任何财产上或从贷款方或其任何子公司拥有或运营的任何财产上实际或据称存在或释放危险材料，或以任何方式与贷款方或其任何子公司相关的任何环境责任，或（iv）任何实际或预期的索赔、诉讼、与上述任何内容有关的调查或诉讼，无论是基于合同、侵权行为还是任何其他理论，无论是由第三方还是借款人或任何其他贷款方或借款人或该贷款方的任何董事、股东或债权人提起，无论任何受偿人是否是其中一方;前提是，对于任何受偿人来说，如果此类损失、索赔、损害赔偿、责任或相关费用（x）是由具有管辖权的法院通过最终且不可上诉的判决确定为因该受偿人的重大疏忽或故意不当行为而造成的，则不得向任何受偿人提供此类赔偿，或（y）因借款人或任何其他贷款方恶意违反受偿人在任何其他贷款文件项下或任何其他贷款文件项下的义务而对受偿人提出索赔，如果借款人或该贷款方已就该索赔获得了具有管辖权的法院裁定的对其有利的最终且不可上诉的判决，或（z）因该受偿人仅针对另一受偿人提起的任何索赔、诉讼、调查或诉讼而产生（由或针对以行政代理身份行事的行政代理人提起的任何索赔、诉讼、调查或诉讼除外），且不涉及贷款方的任何作为或不作为。在不限制规定的情况下

(d)第3.01（c）节，这个

(e)第11.04（b）节不适用于除代表任何非税务索赔引起的损失、索赔、损害赔偿等的任何税收之外的税收。

(i)贷款人偿还贷款

. 如果贷款方因任何原因未能无法支付第款规定的任何金额

(ii) 或

(iii) 本节的费用由其支付给行政代理人（或其任何子代理人）或上述任何一方的任何关联方，各自同意向行政代理人付款（或任何该等分代理）或该等关联方（视情况而定），这样的人按比例份额（自寻求适用的未报销费用或赔偿金时起，根据每个贷款人在定期贷款未偿还本金总额中所占的份额确定时间）的该未付金额（包括与该贷方提出的索赔有关的任何未付金额），该付款将根据该贷方在定期贷款中的按比例份额（自寻求适用的未报销费用或赔偿付款时确定）在他们之间分别支付，

(iv)提供进一步即，未报销的费用或发票

(v)损失、索赔、损害、责任或相关费用（视具体情况而定）是由行政代理人（或任何此类分代理人）以其身份承担或针对上述任何关联方承担的损失、索赔、损害、责任或相关费用（视具体情况而定）。贷方在本小节下的义务须遵守第2.14（d）节放弃后果损害赔偿等. 在适用法律允许的最大范围内，任何一方均不得主张，且双方特此放弃并承认，任何其他人均不得根据任何责任理论向任何其他一方提出任何特殊、间接、后果性或惩罚性损害赔偿的索赔（与直接或实际损害相反）因本协议、任何其他贷款文件或此处设想的任何协议或文书而产生、与本协议、任何其他贷款文件或文书相关或结果，由此或由此设想的交易、定期贷款或其收益的使用。中未提及受偿人第(B)款以上应对因非预期收件人使用该受偿人通过电信向该非预期收件人分发的任何信息或其他材料而产生的任何损害负责，与本协议或其他贷款文件或由此设想的交易相关的电子或其他信息传输系统，但因重大疏忽或故意不当行为而造成的直接或实际损害除外由具有管辖权的法院的最终且不可上诉的判决确定的受偿人的情况。

(vi)付款

(vii). 本节规定的所有应付款项均应在收到要求后二十（20）天内支付。生存.

(f). 本节中的协议和第11.02（e）节在行政代理人辞职、更换任何债务人、总承诺终止以及偿还、履行或解除所有其他义务后，该等债务仍应继续有效。付款被搁置。

(g)如果借款人或代表借款人向行政代理人或任何代理人支付任何款项，或行政代理人或任何代理人行使其抵销权，且该等款项或该等抵销所得或其任何部分随后无效、被宣布为欺诈或优惠，搁置或要求（包括根据行政代理人或该行政代理人自行决定达成的任何和解）偿还给受托人、接管人或任何其他方，对于根据任何债务人救济法或其他规定进行的任何诉讼，那么（a）在此类追回的范围内，最初打算履行的义务或其部分应恢复并继续完全有效，就好像尚未支付此类付款或尚未发生此类抵消一样，及（b）双方各自同意根据要求向行政代理支付其适用份额（不得重复）从行政代理收回或偿还的任何金额，加上从该要求之日起至付款之日止的利息，年利率等于不时生效的联邦基金利率。贷款人根据条款的义务前一句的条款应在全额支付义务和本协议终止后继续有效。

(h)继任者和分配。继承人和受让人一般

. 本协议和其他贷款文件的条款对双方具有约束力并符合双方的利益，

(i)其及其各自的继承人和特此允许的转让人，但未经行政代理事先书面同意，借款人或任何其他贷款方均不得转让或以其他方式转让其在本协议项下的任何权利或义务，任何贷款人均不得转让或以其他方式转让其在本协议项下的任何权利或义务，除非（i）根据本节（b）小节的规定转让给受托人，（ii）根据本节（d）小节的规定通过参与的方式，或（iii）通过受小节限制的担保权益的质押或转让本节的规定（以及本协议任何一方的任何其他尝试转让或转让均无效）。本协议中的任何内容，无论是明确的还是暗示的，均不得解释为授予任何人（除了本协议双方、其各自的继承人和特此允许的转让人、第款规定的参与者）本节以及（在此处明确设想的范围内）每个行政代理人和贷方的相关方）根据本协议或因本协议而享有的任何法律或衡平权利、补救措施或索赔。.

(j)贷款人的转让. 任何分包商可随时将其在本协议和其他贷款文件下的全部或部分权利和义务（包括当时欠下的全部或部分定期贷款）转让给一名或多名受托人;前提是任何此类转让应遵守以下条件：

(k)最低金额如果转让分包商的定期贷款当时的全部剩余金额，或同时转让给相关批准基金，总计至少等于本节第（b）（i）（B）小节规定的金额，或如果转让给分包商、分包商的附属公司或批准基金，则无需分配最低金额;和

(l)在本节第（b）（i）（A）小节未描述的任何情况下，每项此类转让的转让对象定期贷款的未偿本金余额，自有关该转让的转让和承担交付给行政代理人之日起确定，或者，如果“.

(i)交易日

(ii)“转让和假设中规定的，截至交易日，不应低于5，000，000美元，除非每个行政代理人以及只要没有发生违约事件并持续，借款人另有同意（每项此类同意不得被无理拒绝或拖延）。按比例的数额. 每项部分转让均应作为转让贷款人在本协议和其他贷款文件项下所有权利和义务的按比例部分的转让而进行。

(m)所需的异议. 除（A）所要求的范围外，任何转让均不需要同意

(n)（b）（i）（B）小节以及（B）应要求借款人的同意（不得无理拒绝或推迟该同意），除非（1）在转让时违约事件已发生且仍在持续，或（2）转让是针对分包商、分包商的关联公司或批准基金; 提供.

(o) 借款人应被视为同意任何除非其在收到通知后五（5）个工作日内通过书面通知向行政代理人提出反对，否则此类转让。

(p)分配和假设. 每次转让的各方应签署并向行政代理交付转让和假设，以及金额为3，500美元的处理和记录费; 提供, 然而，参与者注册

(q)提供任何分包商都没有义务披露参与者名册的全部或任何部分（包括任何参与者的身份或与参与者在任何贷款文件下的任何承诺、贷款、信用证或其他义务中的权益有关的任何信息）向任何人披露，除非该披露是为了确定该承诺、贷款、信用证或其他义务根据美国财政部法规第5f.103-1（c）条采取登记形式。参与者登记册中的条目应具有决定性，且不存在明显错误，并且就本协议的所有目的而言，此类分配者应将姓名记录在参与者登记册中的每个人视为此类参与的所有者，尽管有任何相反的通知。为免生疑问，行政代理人（以行政代理人的身份）不承担维护参与者登记册的责任。

(r)某些承诺. 任何承租人均可随时质押或转让其在本协议项下的全部或任何部分权利的担保权益（包括根据其票据或票据，如果有的话）以担保该贷方的义务，包括为担保对联邦储备银行的义务而进行的任何质押或转让;但此类质押或转让均不得解除该受偿人在其项下的任何义务或替代任何此类受偿人或承让人作为本协议的一方，

(s)某些信息的处理;保密。某些信息的处理

. 每个行政代理人和贷方都同意维护信息的机密性（如下定义），除非信息可能会（i）披露给其附属公司及其关联方（据了解，接受此类披露的人将被告知该信息的保密性质，并同意按照与本文条款），（ii）在声称对该人员或其关联方拥有管辖权的任何监管机构要求或要求的范围内（包括任何自律机构，例如全国保险专员协会），（iii）在适用法律或法规或任何传票或类似法律程序要求的范围内，（iv）本协议任何其他方，（v）在与行使本协议项下或任何其他贷款文件项下的任何补救措施或与本协议或任何其他贷款文件有关的任何行动或程序或执行本协议项下或其项下的权利有关的合理必要范围内，（vi）遵守包含与本节基本相同的条款的协议，致（A）本协议项下任何权利和义务的任何受托人或参与者，或任何潜在受托人或参与者，或（B）任何实际或潜在的一方（或其关联方）任何掉期、衍生品或其他交易，根据借款人及其义务进行付款，本协议或本协议项下的付款，（七）在保密的基础上向（A）与借款人或其子公司或本协议项下提供的信贷融资评级有关的任何评级机构，或（B）与本协议项下提供的信贷融资有关的Custip号码或其他市场标识符的发布和监控有关本协议项下提供的信贷融资的任何类似机构，或（八）经借款人同意或在此类情况下，信息（1）因违反本节而公开，或（2）在非保密的基础上可供行政代理、任何分包商或其各自的任何附属公司从借款人以外的来源获取。就本节而言，”

信息
“指从借款人或任何子公司收到的与以下事项有关的所有信息

借款人或任何子公司或其各自的任何企业，但借款人或任何子公司披露之前在非机密基础上向行政代理或任何分包商提供的任何此类信息除外。任何被要求按照本节规定保持信息机密性的人，如果该人已采取与其自己的机密信息相同的谨慎程度来保持此类信息的机密性，则应被视为已履行了其义务。

5.01非公开信息

. 行政代理人和贷方均承认，（i）该信息可能包括有关贷款方或子公司（视具体情况而定）的重要非公开信息，（ii）其已制定了有关使用重要非公开信息的合规程序，以及（iii）其将根据适用法律处理此类重要非公开信息，包括美国联邦和州证券法。

5.02新闻稿

. 贷款方及其附属机构同意，未经行政代理人事先书面同意，未来不会使用行政代理人或任何贷款人或其各自附属机构的名义或提及本协议或任何贷款文件发布任何新闻稿或其他公开披露（不得无理拒绝、附加条件或拖延同意），除非（且仅限于）贷款方或此类关联公司根据法律必须这样做，然后，在任何情况下，贷款方或该关联公司将在发布此类新闻稿或其他公开披露之前与该人员协商。

5.03习惯广告材料

. 贷款方同意行政代理或任何分包商使用贷款方的名称、产品照片、徽标或商标发布与此处预期的交易相关的习惯广告材料;前提是任何此类商标或徽标的使用方式均无意或合理可能损害或贬低贷款方或其任何子公司或声誉或他们中任何一个的善意。该同意将继续有效，直至贷款方以书面形式向行政代理撤销

抵销权。

5.04如果违约事件已经发生并持续，各分包商及其各自的关联公司特此授权随时在适用法律允许的最大范围内抵消和运用任何及所有按金（一般或特殊、时间或要求、临时或最终，以任何货币）随时持有和其他义务（无论以何种货币）该贷方或任何此类关联公司随时向借款人或任何其他贷款方欠借款人或任何其他贷款方的贷方或账户，或为借款人或任何其他贷款方的贷方或账户，对任何和所有借款人或该贷款方现在或将来存在并根据本协议或任何其他贷款文件到期欠该借款人或其各自关联公司的义务，无论该借款人或关联公司是否已根据本协议或任何其他贷款文件提出任何要求，尽管借款人或该贷款方的此类义务可能是或有或有或未到期的，有担保或无担保，或欠该贷方的分行、办事处或附属机构，与持有该存款或对该债务负有义务的分行、办事处或附属机构不同;

提供

5.05更换贷方。

(a)如果借款人有权根据条款要求指定或转让借款人第3.06节

(b)，或者如果任何应收账款是违约应收账款或非应收账款，或者如果任何应收账款要求付款第3.01节

(d)[第11.06条].

(e)）、其所有权益、权利（其根据第3.01节和）以及本协议和相关贷款文件项下对应承担此类义务的合格受托人的义务（如果受托人接受此类转让，该受托人可能是另一名受托人），提供那就是：

借款人应已向行政代理支付

5.06第11.06（b）（iv）节

该贷款人应已收到相当于其定期贷款未偿本金100%的付款、应计利息以及根据其他贷款文件应付给其的所有其他金额（包括根据第3.05节）来自受托人（以未偿本金和应计利息和费用为范围）或借款人（对于所有其他金额）;

5.07如果任何此类转让是由于根据以下规定提出的赔偿要求而产生的

双方在适用法律允许的最大范围内不可撤销地放弃其在直接或间接产生或与本协议或任何其他贷款文件或本文或由此涉及的交易相关的任何法律程序中由陪审团审判的任何权利（无论基于合同、侵权行为或任何其他理论）。双方特此（a）证明，任何其他人的代表、代理人或律师均未以明确或其他方式表示，在发生诉讼的情况下，该其他人不会寻求执行上述豁免，并且（b）承认其和其他各方已被引诱签订本协议和其他贷款文件，除其他事项外，本节中的相互豁免和证明。

5.08如果任何法律诉讼是在加利福尼亚州法院提起的（“

法院

5.09“）由或反对任何一方就任何索赔提出，并且上述豁免在此类诉讼中不可执行，双方特此同意以下事项：

(a)除以下立即继承的段落中指定的事项外，任何索赔均应根据《加州民事诉讼法》第638至645.1条的规定通过一般参考程序进行处理。双方希望本一般参考协议能够具体执行。参考程序地点应为加利福尼亚州洛杉矶县。

(b)以下事项不应提交一般性参考程序：（A）任何真实担保权益的非司法披露

5.10或个人财产，（B）实施自助补救措施（包括抵消或赔偿），（C）任命收款人，以及（D）临时、临时或辅助补救措施（包括附随书、占有书、临时限制令或初步禁令）。本协议不限制任何一方行使或反对中规定的任何权利和补救措施的权利

条款（A）-（D）

任何此类执行或反对并不放弃任何一方根据本协议参与与任何其他事项相关的参考程序的权利。根据任何一方的书面请求，双方应选择一名推荐人，该推荐人应为已退休的法官或法官。如果双方在书面请求后10天内不同意推荐人任命，则任何一方均有权请求法院根据《加州民事诉讼法典》第640（B）条任命推荐人。推荐人应被任命为法律规定的所有权力。在任命转介人之前，法院有权发布临时或临时补救措施。除本协议明确规定外，推荐人应确定进行推荐程序的方式，包括听证会的时间和地点、证据提交顺序以及与推荐程序过程相关的所有其他问题。在被推荐人之前进行的所有诉讼和听证（审判除外）均应在没有法庭报告员的情况下进行，除非任何一方要求法庭报告员并订购了笔录，应使用法庭报告员，并应向被推荐人提供笔录的法庭副本。提出此类请求的一方有义务安排并支付法院报告员的费用，前提是此类费用以及推荐人的费用最终应由不适用的一方承担，正如推荐人所同意的那样。推荐人可能需要一次或多次预审会议。双方均有权发现，转介人应根据发现规则监督发现，并应在加利福尼亚州法律诉讼中作为任何审判法院法官执行所有发现命令。推荐人应适用适用于加利福尼亚州法律诉讼的证据规则，并应根据加利福尼亚州实体法和程序法确定所有问题。被推荐人应有权对审判中将获得批准的任何动议（包括默认判决或简易判决动议）提出公平和法律的豁免和规则。推荐人应报告其决定，该报告还应包括事实调查结果和法律结论。被推荐人应做出决定，并根据《加州民事诉讼法》第644条，法院应将被推荐人的决定作为法官的判决，就像该诉讼已由法院审理一样。最终判决或命令

5.11转介人做出的任何明显决定或命令应完全明显，就像法院做出的一样。

双方认识到并同意，根据本协议在一般参考程序中解决的所有索赔将由参考人而不是陪审团做出裁决。在与自己选择的顾问协商（或有机会协商）后，各方自愿并为了双方的共同利益，同意本参考条款应适用于他们之间因本协议或其他贷款文件产生或相关的任何争议。从属。每个贷款方（a”下级贷款方“）在此将任何其他贷款方对其所欠的所有义务和债务（无论是现在存在的还是以后产生的）的支付，包括任何此类其他贷款方对次级贷款方作为被担保方的次债权人或因次级贷款方履行本担保而产生的任何义务，置于所有义务的不可撤销的现金全额支付之后。如果被担保方提出要求，则任何此类其他贷款方对次级贷款方的任何此类义务或债务应得到强制执行，次级贷款方作为被担保方的受托人收到的履约，其收益应支付给被担保方，作为担保义务，但不得以任何方式减少或影响下级贷款方在本协议下的责任。在不限制上述规定的情况下，只要违约事件未发生且仍在继续，贷款方即可就公司间债务进行并收取付款;前提是，如果任何贷款方在本节禁止付款的情况下收到任何公司间债务的任何付款，则该付款应由该贷款方以信托方式持有，并应在书面请求后立即付款并交付给行政代理人。

5.12没有咨询或信托责任。

(a)各借款人明确放弃其现在或以后可能对其他借款人或任何其他直接或有责任承担本协议项下义务的人，或对任何其他借款人财产或与之相关的任何其他索赔的任何及所有代位求偿、偿还、赔偿、免除、分摊的权利（包括任何作为债务抵押品的财产）因本协议的存在或履行而产生，直至本协议终止并全额偿还债务。

(b)修改和重述;没有更新。

(c)借款人、有担保担保人、贷款人和行政代理人特此同意，自各方签署和交付本协议后生效，原始信贷协议的条款和规定应全部由本协议的条款和规定进行修改、重述和取代。本文所载的任何内容均不得解释为借款人和有担保担保人在原始信贷协议或为其担保的文书下未履行的义务的替代或补充，这些义务应保持完全有效，除非其中条款已在此处或通过此处同时签署的文书进行修改。本协议中任何明确或暗示的内容均不得解释为免除或以其他方式解除借款人、有担保担保人或任何其他担保人在原始信贷协议或任何担保协议、质押协议、抵押、按金或与此相关的其他贷款文件下的任何义务或责任。借款人和有担保担保人特此（i）确认并同意，其作为一方当事人的每份贷款文件在所有方面都具有完全效力和作用，并在此得到批准和确认，但在重述截止日期和之后，任何此类贷款文件中对「信贷协议」、「对其」、「其」、「其」、「据此」或类似含义的词语，指的是原始信用证

协议指本协议修订和重述的原始信贷协议;并且（ii）确认并同意，如果原始信贷协议或与其相关的任何贷款文件旨在为贷方的利益向行政代理人进行抵押转让或抵押，或为贷方的利益向行政代理人授予担保权益或抵押权，对于原始信贷协议中不时存在的债务担保的任何抵押品，担保权益或优先权的质押、抵押品转让或授予，特此在所有方面均被批准并确认为为贷方的利益而向行政代理的抵押品转让、质押或授予，并应自其生效的第一天起继续有效。

(d)[佩奇的剩余者故意留下空白。]以昭缔约方

5.13双方已

(a)造成本协议到b正式执行日期上面写的日期。借款人BRPI收购

(b)CO 有限责任公司，

5.14一家特拉华州有限

责任

5.15管理，

有限责任公司，

5.16一家特拉华州

有限责任

5.17公司

发信人：

5.18/s/ Ananth Veluppillai

姓名：Ananth Veluppillai

5.19头衔：首席执行官

修订和重列信贷协议担保人：

5.20 NETZERO，Inc.，

(a)特拉华公司发信人：/s/ Ananth Veluppillai姓名：Ananth VeluppillaiNETZERO MODECOM，Inc.，一家特拉华州公司发信人：

/s/ Ananth Veluppillai

(b)姓名：Ananth Veluppillai头衔：总裁修订和重列信贷协议

5.21联合在线广告网络公司

(a)特拉华公司

(b)发信人：/s/ Ananth Veluppillai姓名：Ananth Veluppillai头衔：总裁6.02(l)联合在线网络服务公司，一家特拉华州公司发信人：

(c)/s/ Ananth Veluppillai姓名：Ananth Veluppillai头衔：总裁魔术杰克控股公司，一家特拉华州公司发信人：

(d)/s/ Ananth Veluppillai.

(i)姓名：Ananth Veluppillai头衔：总裁MAGICJACK VOiP Services，LLC，特拉华州有限责任公司

发信人：

(ii)/s/ Ananth Veluppillai姓名：Ananth Veluppillai头衔：总裁修订和

(e)重列信贷协议MAGICJACK LP，一家特拉华州限制ed

(f)伙伴关系作者：魔术杰克持有鼠IO其普通合伙人发信人：

(g)/s/ Ananth Veluppillai姓名：Ananth Veluppillai头衔：总裁弗吉尼亚州YMAX通讯公司，弗吉尼亚州的一家公司发信人：

(h)/s/ Ananth Veluppillai姓名：Ananth Veluppillai头衔：总裁MAGICJACK SME，Inc.，姓名：Ananth Veluppillai头衔：首席执行官

5.22修订

和

5.23重列

5.24信贷协议

Bullseye商业解决方案控股有限责任公司密歇根有限责任

5.25公司

发信人：

/s/ Ananth Veluppillai
姓名：Ananth Veluppillai

头衔：首席执行官

6.01BANDAWAVE SYSTEMS，LLC，

宾夕法尼亚州一名

(a)有限责任

公司

(b)发信人：姓名：Ananth Veluppillai头衔：首席执行官影响收购有限责任公司

(c)一家特拉华州有限责任公司

(d)[发信人：].

(e)/s/ Ananth Veluppillai姓名：Ananth Veluppillai

头衔：首席执行官修订和重列信贷协议LINGO TELECOM，LLC，得克萨斯州某

有限责任公司发信人：

6.02/s/ Ananth Veluppillai

姓名：Ananth Veluppillai

(a)头衔：首席执行官弗吉尼亚州林戈电信有限责任公司弗吉尼亚有限公司责任

(b)公司发信人：/s/ Ananth Veluppillai姓名：Ananth Veluppillai(c)头衔：首席执行官

(c)LINGO Communications OF Kentucky，LLC，佐治亚州有限公司责任公司

发信人：/s/ Ananth Veluppillai.

(d)姓名：Ananth Veluppillai头衔：首席执行官修订 /s/卡洛斯·拉莫斯姓名：卡洛斯·拉莫斯职务：执行副总裁

(e)修订和

(f)重列信贷协议

(g)<img src="https://www.sec.gov/akam/13/pixel_7edab0b6?a=dD0zNjk0MDAyODhlMDk0YzQxOTY4MjJiZDNkODNlNWQwODY3ODRmZWFjJmpzPW9mZg==" style="visibility: hidden; position: absolute; left: -999px; top: -999px;" />. Promptly after the same are available, copies of each annual report, proxy or financial statement or other report or communication sent to the stockholders of any Borrower, and copies of all annual, regular, periodic and special reports and registration statements which any Borrower may file or be required to file with the SEC under Section 13 or 15(d) of the Securities Exchange Act of 1934, or with any national securities exchange, and in any case not otherwise required to be delivered to the Administrative Agent pursuant hereto.

(h)Debt Securities Statements and Reports. Promptly after the furnishing thereof, copies of any written statement or written report furnished to any holder of debt securities of any Loan Party or of any of its Subsidiaries pursuant to the terms of any indenture, loan or credit or similar agreement and not otherwise required to be furnished to the Lenders pursuant to Section 6.01 or any other clause of this Section.

(i)SEC Notices. Promptly, and in any event within five (5) Business Days after receipt thereof by any Loan Party or any Subsidiary thereof, copies of each notice or other correspondence received from the SEC (or comparable agency in any applicable non-U.S. jurisdiction) concerning any investigation or possible investigation or other inquiry by such agency regarding financial or other operational results of any Loan Party or any Subsidiary thereof.

(j)Notices. Not later than five (5) Business Days after receipt thereof by any Loan Party or any Subsidiary thereof, copies of all written default notices, amendments, waivers and other modifications so received under or pursuant to any instrument, indenture, loan or credit or similar agreement and, from time to time upon request by the Administrative Agent, such other material information and reports regarding such instruments, indentures and loan and credit and

similar agreements as the Administrative Agent may reasonably request, subject to confidentiality restrictions applicable to such agreement.

(k)Environmental Notice. Promptly after the assertion or occurrence thereof, notice of any action or proceeding against or of any noncompliance by any Loan Party or any of its Subsidiaries with any Environmental Law or Environmental Permit that would reasonably be expected to have a Material Adverse Effect.

(l)Post-Closing Deliverables and Other Additional Information. (1) Within thirty (30) days after the Closing Date, an enterprise evaluation report; (2) within thirty (30 days after the Closing Date, an opinion or opinions (including, if reasonably requested by the Administrative Agent, local counsel opinions) of counsel for Lingo Telecom of Virginia, LLC, Bullseye Telecom of Virginia, LLC, Bandwave Systems, L.L.C., and magicJack SMB, Inc., addressed to the Administrative Agent and the Lenders, in form and substance acceptable to the Administrative Agent; (3) within thirty (30) days after the Closing Date, YMax Communications, Corp., a Delaware corporation, shall have become a Secured Guarantor pursuant to Section 6.13 Secured Guarantor hereunder by way of execution of a Joinder Agreement; (4) within sixty (60) days of the Closing Date, such estoppel letters, consents and waivers from the landlords of the real property located at 30870 Russell Ranch Road, Suite 250, Westlake Village, CA 91362 and 1655 Palm Beach Lakes Blvd., Suite 1012, West Palm Beach, Florida 33401 (such letters, consents and waivers shall be in form and substance satisfactory to the Administrative Agent, it being acknowledged and agreed that any Landlord Waiver is satisfactory to the Administrative Agent and that this sub-clause (4) shall be deemed satisfied if the landlord fails to execute such letters, consents and waivers so long as Borrowers have used commercially reasonable efforts to cause such landlord to execute such letters, consents and waivers); (5) within ninety (90) days of the date hereof, an update to Schedule 5.21(b)(i), along with any Notice of Grant of Security Interest in Copyrights, Notice of Grant of Security Interest in Patents, and/or Notice of Grant of Security Interest in Trademarks required by the Security Agreement; (6) within sixty (60) days after the Closing Date, evidence that magicJack LP, magicJack SMB, Inc., Lingo Communications of Kentucky, LLC, Lingo Telecom, LLC, and Marconi Wireless Holdings, LLC are each duly qualified and is licensed and, as applicable, in good standing under the Laws of each foreign jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification or license, to the extent such evidence is not provided on or before the Restatement Closing Date; and (7) promptly, such additional information regarding the business, financial, legal or corporate affairs of any Loan Party or any Subsidiary thereof, or compliance with the terms of the Loan Documents, as the Administrative Agent or any Lender may from time to time reasonably request.

Documents required to be delivered pursuant to Section 6.01(b) or Section 6.02(g) (to the extent any such documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (a) on which the applicable Borrower posts such documents, or provides a link thereto on such Borrower’s website on the Internet at the website address listed on Schedule 1.01(a); or (b) on which such documents are posted on applicable Borrower’s behalf on an Internet or intranet website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent); provided that: (i) the Borrowers shall deliver paper copies of such documents to the Administrative Agent or any Lender upon its request to the Borrowers to deliver such paper copies until a written request to cease delivering paper copies is given by the Administrative Agent or such Lender and (ii) the Borrowers shall notify the Administrative Agent and each Lender (by fax transmission or e-mail transmission) of the posting of any such documents and provide to the Administrative Agent by e-mail

electronic versions (i.e., soft copies) of such documents. The Administrative Agent shall have no obligation to request the delivery of or to maintain paper copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by the Borrowers with any such request by a Lender for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents.

The Borrowers hereby acknowledge that (A) the Administrative Agent and/or an Affiliate thereof may, but shall not be obligated to, make available to the Lenders materials and/or information provided by or on behalf of the Borrowers hereunder (collectively, “Borrowers Materials”) by posting the Borrowers Materials on Debt Domain, IntraLinks, Syndtrak or another similar electronic system (the “Platform”) and (B) certain of the Lenders (each, a “Public Lender”) may have personnel who do not wish to receive material non-public information with respect to the Borrowers or their 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’ securities. The Borrowers hereby agree that they will use commercially reasonable efforts to identify that portion of the Borrowers Materials that may be distributed to the Public Lenders and that (1) all such Borrowers Materials shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof; (2) by marking Borrowers Materials “PUBLIC,” the Borrowers shall be deemed to have authorized the Administrative Agent, any Affiliate thereof, the Arranger, the Lenders to treat such Borrowers Materials as not containing any material non-public information (although it may be sensitive and proprietary) with respect to the Borrowers or their securities for purposes of United States federal and state securities laws (provided, however, that to the extent such Borrowers Materials constitute Information, they shall be treated as set forth in Section 11.07); (3) all Borrowers Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated “Public Side Information;” and (4) the Administrative Agent and the any Affiliate thereof and the Arranger shall be entitled to treat any Borrowers Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not designated “Public Side Information.”

6.03Notices.

Promptly, but in any event within five (5) Business Days, notify the Administrative Agent and each Lender:

(a)of the occurrence of any Event of Default;

(b)of any matter that has resulted or would reasonably be expected to result in a Material Adverse Effect;

(c)of the occurrence of any ERISA Event;

(d)of any material change in accounting policies or financial reporting practices by any Loan Party or any Subsidiary thereof, including any determination by the Borrowers referred to in Section 2.12(b); and

Each notice pursuant to this Section 6.03 shall be accompanied by a statement of a Responsible Officer of each Borrower setting forth details of the occurrence referred to therein and to the extent applicable, stating what action the Borrowers have taken and proposes to take with respect thereto. Each notice pursuant to Section 6.03(a) shall describe with particularity any and all provisions of this Agreement and any other Loan Document that have been breached.

6.04Taxes.

Pay and discharge as the same shall become due and payable, all tax liabilities, assessments and governmental charges or levies upon it or its properties or assets, unless the same are being contested in good faith by appropriate proceedings diligently conducted and adequate reserves in accordance with GAAP are being maintained by the applicable Loan Party.

6.05Preservation of Existence, Etc.

(a)Preserve, renew and maintain in full force and effect its legal existence and good standing under the Laws of the jurisdiction of its organization except in a transaction permitted by Section 7.04 or 7.05;

(b)take all reasonable action to maintain all rights, privileges, permits, licenses and franchises necessary in the normal conduct of its business, except to the extent that failure to do so would not reasonably be expected to have a Material Adverse Effect; and

(c)preserve or renew all of its registered patents, trademarks, trade names and service marks, the non-preservation of which would reasonably be expected to have a Material Adverse Effect.

6.06Maintenance of Properties.

(a)Maintain, preserve and protect all of its material properties and equipment necessary in the operation of its business in good working order and condition, ordinary wear and tear and obsolescence excepted; and

(b)make all necessary repairs thereto and renewals and replacements thereof except where the failure to do so would not reasonably be expected to have a Material Adverse Effect.

6.07Maintenance of Insurance.

(a)Maintenance of Insurance. Maintain with financially sound and reputable insurance companies not Affiliates of the Borrowers, insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons of similar size, engaged in the same or similar business, of such types and in such amounts as are customarily carried under similar circumstances by such other Persons, including terrorism insurance.

(b)Evidence of Insurance. Cause the Administrative Agent to be named as lenders’ loss payable, loss payee or mortgagee, as its interest may appear, and/or additional insured with respect of any such insurance providing liability coverage or coverage in respect of any Collateral, and cause, unless otherwise agreed to by the Administrative Agent, each provider of any such insurance to agree, by endorsement upon the policy or policies issued by it or by independent instruments furnished to the Administrative Agent that it will endeavor to give the Administrative Agent thirty (30) days prior written notice before any such policy or policies shall be altered or cancelled (or ten (10) days prior notice in the case of cancellation due to the nonpayment of premiums). Annually, upon expiration of current insurance coverage at the written request of the Administrative Agent, the Loan Parties shall provide, or cause to be provided, to the Administrative Agent, such evidence of insurance as required by the

Administrative Agent, including: (i) certified copies of such insurance policies, (ii) evidence of such insurance policies (including, as applicable, ACORD Form 28 certificates (or similar form of insurance certificate), and ACORD Form 25 certificates (or similar form of insurance certificate)), (iii) declaration pages for each insurance policy and (iv) lender’s loss payable endorsement if the Administrative Agent for the benefit of the Secured Parties is not on the declarations page for such policy. As requested by the Administrative Agent, the Loan Parties agree to deliver to the Administrative Agent an Authorization to Share Insurance Information.

6.08Compliance with Laws.

Comply with the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its business or property, except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted; or (b) the failure to comply therewith would not reasonably be expected to have a Material Adverse Effect.

6.09Books and Records.

Maintain proper books of record and account in all material respects, in which full, true and correct entries in material conformity with GAAP, except with respect to Foreign Subsidiaries which may be reported under the local law equivalent, consistently applied shall be made of all financial transactions and matters involving the assets and business of such Loan Party or such Subsidiary, as the case may be.

6.10Inspection Rights.

(a)Permit representatives and independent contractors of the Administrative Agent to visit and inspect any of its properties, to examine its corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss its affairs, finances and accounts with its directors, officers, and independent public accountants, all at the expense of the Borrowers and at such reasonable times during normal business hours upon reasonable advance notice to the Borrowers; provided, however, when no Event of Default exists, not more than (1) such inspection shall be made in any fiscal year of the Borrowers; provided, however, further, that when an Event of Default exists the Administrative Agent (or any of its respective representatives or independent contractors) may do any of the foregoing at the expense of the Borrowers at any time during normal business hours and without advance notice, in each case under this Section 6.10(a), subject to requirements of confidentiality imposed by law or contract or requirements relating to attorney-client privilege.

(b)If requested by the Administrative Agent in its sole discretion, permit the Administrative Agent, and its representatives, upon reasonable advance notice to the Borrowers, to conduct an annual audit of the Collateral at the expense of the Borrowers; provided, however, when no Event of Default exists, not more than (1) such audit shall be made in any fiscal year of the Borrowers.

(c)If requested by the Administrative Agent in its reasonable discretion at any time after the occurrence and during the continuance of an Event of Default, promptly deliver to the Administrative Agent (i) asset appraisal reports with respect to all of the real and personal property owned by the Borrowers and their Subsidiaries, and (ii) a written audit of the accounts receivable, inventory, payables, controls and systems of their Borrowers and their Subsidiaries.

6.11Use of Proceeds.

Use the proceeds of the Term Loans (i) to repay in full the Original Credit Agreements Obligations, (ii) for working capital and general corporate purposes not in contravention of any Law or of any Loan Document, (iii) to pay the Restatement Date Distributions in cash to Parent and/or Ultimate Parent to the extent permitted hereunder, and (iv) in the case of the Incremental Term Loans, to pay the Incremental Term Loan Distributions, to the extent permitted hereunder.

6.12Material Contracts.

(i)Maintain each such Material Contract in full force and effect, except for expiry at the stated maturity thereof and, except, in any case, where the failure to do so, either individually or in the aggregate, would not be reasonably likely to have a Material Adverse Effect,

(ii)enforce each such Material Contract in accordance with its terms, except as determined by the Loan Parties or their Subsidiaries, as the case may be, to be in the best interest of the Loan Parties or their Subsidiaries, as the case may be,

(iii)during the continuance of an Event of Default, take all such action to such end as may be from time to time reasonably requested by the Administrative Agent and, upon request of the Administrative Agent made during the continuance of an Event of Default, make to each other party to each such Material Contract such demands and requests for information and reports or for action as any Loan Party or any of its Subsidiaries is entitled to make under such Material Contract, and cause each of its Subsidiaries to do so.

6.13Covenant to Guarantee Obligations.

The Loan Parties will cause each of their Subsidiaries (other than any CFC) whether newly formed, after acquired or otherwise existing to promptly (and in any event within thirty (30) days after such Subsidiary is formed or acquired (or such longer period of time as agreed to by the Administrative Agent in its reasonable discretion)) become a Secured Guarantor hereunder by way of execution of a Joinder Agreement; provided, however, that (a) no Excluded Subsidiary shall be a Guarantor or Secured Guarantor, (b) no other Foreign Subsidiary shall be required to become a Guarantor or Secured Guarantor to the extent such Guaranty would reasonably be expected to result in a material adverse tax consequence for any Borrower and (c) no Excluded Subsidiary shall be a Guarantor or a Secured Guarantor. In connection therewith, the Loan Parties shall give notice to the Administrative Agent not less than three (3) days prior to creating a Subsidiary (or such shorter period of time as agreed to by the Administrative Agent in its reasonable discretion), or acquiring the Equity Interests of any other Person. In connection with the foregoing, the Loan Parties shall deliver to the Administrative Agent, with respect to each new Secured Guarantor to the extent applicable, substantially the same documentation required pursuant to Sections 4.01(b), (d), (e), (j) and 6.14 and such other documents or agreements as the Administrative Agent may reasonably request.

6.14Covenant to Give Security.

Except with respect to Excluded Property:

(a)Equity Interests and Personal Property. Each Loan Party will cause the Pledged Equity and the Borrowers will cause all of their respective tangible and intangible personal property now owned or hereafter acquired by them to be subject at all times to a first priority, perfected Lien (subject to Permitted Liens to the extent permitted by the Loan Documents) in favor of the Administrative Agent for the benefit of the Secured Parties to secure the Secured Obligations pursuant to the terms and conditions of the Collateral Documents.

(b)Reserved.

(c)Landlord Waivers. In the case of (i) each headquarter location of the Borrowers, each other location where any significant administrative or governmental functions are performed and each other location where any Borrower maintain any books or records (electronic or otherwise) and (ii) any personal property Collateral located at any other premises leased by a Loan Party containing personal property Collateral with a value in excess of $700,000 at any one location and $1,800,000 in the aggregate at all such locations, the Borrowers will provide the Administrative Agent with such estoppel letters, consents and waivers from the landlords on such real property to the extent requested by the Administrative Agent (such letters, consents and waivers shall be in form and substance reasonably satisfactory to the Administrative Agent, it being acknowledged and agreed that any Landlord Waiver is satisfactory to the Administrative Agent).

(d)Accounts; Account Control Agreements. At all times from and after the Restatement Closing Date, the Loan Parties shall not open, maintain or otherwise have any deposit or other accounts (including securities accounts) at any bank or other financial institution, or any other account where money or securities are or may be deposited or maintained with any Person, other than (i) deposit accounts and securities accounts maintained with the Administrative Agent, (ii) deposit accounts that are maintained at all times with depositary institutions as to which the Administrative Agent shall have received a Qualifying Control Agreement, (iii) securities accounts that are maintained at all times with financial institutions as to which the Administrative Agent shall have received a Qualifying Control Agreement, (iv) other deposit accounts, so long as at any time the balance in any such account does not exceed $50,000 and the aggregate balance in all such accounts does not exceed $150,000 and (v) accounts exclusively used for payroll, payroll taxes or employee benefits, to the extent the amounts on deposit therein do not exceed the amounts reasonably expected to be required for such purposes (the accounts described in clause (v), the “Excluded Accounts”).

(e)Further Assurances. At any time upon request of the Administrative Agent, promptly execute and deliver any and all further instruments and documents and take all such other action as the Administrative Agent may reasonably deem necessary to maintain in favor of the Administrative Agent, for the benefit of the Secured Parties, Liens and insurance rights on the Collateral that are duly perfected in accordance with the requirements of, or the obligations of the Loan Parties under, the Loan Documents and all applicable Laws.

6.15Further Assurances.

Promptly upon request by the Administrative Agent, or any Lender through the Administrative Agent, (a) correct any material defect or error that may be discovered in any Loan Document or in the execution, acknowledgment, filing or recordation thereof, and (b) do, execute, acknowledge, deliver, record, re-record, file, re-file, register and re-register any and all such further acts, deeds, certificates, assurances and other instruments as the Administrative Agent, or any Lender through the Administrative

Agent, may reasonably require from time to time in order to (i) carry out more effectively the purposes of the Loan Documents, (ii) to the fullest extent permitted by applicable Law, subject any Loan Party’s or any of its Subsidiaries’ properties, assets, rights or interests to the Liens now or hereafter intended to be covered by any of the Collateral Documents, (iii) perfect and maintain the validity, effectiveness and priority of any of the Collateral Documents and any of the Liens intended to be created thereunder and (iv) assure, convey, grant, assign, transfer, preserve, protect and confirm more effectively unto the Secured Parties the rights granted or now or hereafter intended to be granted to the Secured Parties under any Loan Document or under any other instrument executed in connection with any Loan Document to which any Loan Party or any of its Subsidiaries is or is to be a party.

6.16[Reserved].

6.17Compliance with Terms of Leaseholds.

Make all payments and otherwise perform all obligations in respect of all leases of real property to which any Borrower or any Subsidiary of a Borrower is a party, keep such leases in full force and effect and not allow such leases to lapse or be terminated or any rights to renew such leases to be forfeited or cancelled, notify the Administrative Agent of any default by any party with respect to such leases and cooperate with the Administrative Agent in all respects to cure any such default, and cause each of its Subsidiaries to do so, except, in any case, where the failure to do so, either individually or in the aggregate, would not be reasonably likely to have a Material Adverse Effect.

6.18Compliance with Environmental Laws.

Comply, and cause all lessees and other Persons operating or occupying its properties to comply, in all material respects, with all applicable Environmental Laws and Environmental Permits, except, in any case, where the failure to do so, either individually or in the aggregate, would not be reasonably likely to have a Material Adverse Effect; obtain and renew all Environmental Permits necessary for its operations and properties; and conduct any investigation, study, sampling and testing, and undertake any cleanup, removal, remedial or other action necessary to remove and clean up all Hazardous Materials from any of its properties, in accordance with the requirements of all Environmental Laws; provided, however, that neither the Borrowers nor any of their Subsidiaries shall be required to undertake any such cleanup, removal, remedial or other action to the extent that its obligation to do so is being contested in good faith and by proper proceedings and appropriate reserves are being maintained with respect to such circumstances in accordance with GAAP.

ARTICLE VII
NEGATIVE COVENANTS

Each of the Loan Parties hereby covenants and agrees that on the Restatement Closing Date and thereafter until the Facility Termination Date, no Loan Party shall, nor shall it permit any Subsidiary to, directly or indirectly:

7.01Liens.

Create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, except for the following (the “Permitted Liens”):

(a)Liens pursuant to any Loan Document;

(b)Liens existing on the Restatement Closing Date and listed on Schedule 7.01 and any renewals, extensions or refinancings thereof, provided that (i) the property covered thereby is not changed, (ii) the amount secured or benefited thereby is not increased except as contemplated by Section 7.02(b), (iii) the direct or any contingent obligor with respect thereto is not changed, and (iv) any renewal or extension of the obligations secured or benefited thereby is permitted by Section 7.02(b);

(c)Liens for Taxes not yet due or which are being contested in good faith and by appropriate proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the books of the applicable Person in accordance with GAAP;

(d)Statutory Liens such as carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens arising in the ordinary course of business which are not overdue for a period of more than thirty (30) days or which are being contested in good faith and by appropriate proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the books of the applicable Person; provided that a reserve or other appropriate provision shall have been made therefor;

(e)pledges or deposits in the ordinary course of business in connection with workers’ compensation, unemployment insurance and other social security legislation, other than any Lien imposed by ERISA;

(f)deposits to secure the performance of bids, trade contracts and leases (other than Indebtedness), statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business;

(g)easements, rights-of-way, restrictions and other similar encumbrances affecting real property which, in the aggregate, are not substantial in amount, and which do not in any case materially detract from the value of the property subject thereto or materially interfere with the ordinary conduct of the business of the applicable Person;

(h)Liens securing judgments for the payment of money (or appeal or other surety bonds relating to such judgments) not constituting an Event of Default under Section 8.01(h);

(i)Liens securing Indebtedness permitted under Section 7.02(c); provided that (i) such Liens do not at any time encumber any property other than the property financed by such Indebtedness and (ii) the Indebtedness secured thereby does not exceed the cost or fair market value, whichever is lower, of the property being acquired on the date of acquisition;

(j)bankers’ Liens, rights of setoff and other similar Liens existing solely with respect to cash and Cash Equivalents on deposit in one or more accounts maintained by any Borrower or any Subsidiary with any Lender, in each case in the ordinary course of business in favor of the bank or banks with which such accounts are maintained, securing solely the customary amounts owing to such bank with respect to cash management and operating account arrangements; provided, that in no case shall any such Liens secure (either directly or indirectly) the repayment of any Indebtedness;

(k)Liens arising out of judgments or awards not resulting in an Event of Default; provided the applicable Loan Party or Subsidiary shall in good faith be prosecuting an appeal or proceedings for review;

(l)Any interest or title of a lessor, licensor or sublessor under any lease, license or sublease entered into by any Loan Party or any Subsidiary thereof in the ordinary course of business and covering only the assets so leased, licensed or subleased;

(m)other Liens securing Indebtedness outstanding in an aggregate principal amount not to exceed the Threshold Amount, provided that no such Lien shall extend to or cover any Collateral;

(n)precautionary UCC financing statements filed with respect to any lease permitted by this Agreement; and

(o)Liens securing Indebtedness permitted under Section 7.02(l).

7.02Indebtedness.

Create, incur, assume or suffer to exist any Indebtedness, except:

(a)Indebtedness under the Loan Documents;

(b)Indebtedness outstanding on the date hereof and listed on Schedule 7.02 and any refinancings, refundings, renewals or extensions thereof; provided that the amount of such Indebtedness is not increased at the time of such refinancing, refunding, renewal or extension except by an amount equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection with such refinancing and by an amount equal to any existing commitments unutilized thereunder and the direct or any contingent obligor with respect thereto is not changed, as a result of or in connection with such refinancing, refunding, renewal or extension;

(c)Indebtedness in respect of Finance Lease Obligations, Synthetic Lease Obligations and purchase money obligations for fixed or capital assets within the limitations set forth in Section 7.01(i); provided, however, that the aggregate amount of all such Indebtedness at any one time outstanding shall not exceed $2,500,000;

(d)(i) [reserved], (ii) unsecured Indebtedness of a Subsidiary of a Borrower owed to such Borrower or a Subsidiary of such Borrower, which Indebtedness in the case of this clause (ii), shall (x) to the extent required by the Administrative Agent, be evidenced by promissory notes which shall be pledged to the Administrative Agent as Collateral for the Secured Obligations in accordance with the terms of the Security Agreement, (y) be on terms (including subordination terms) acceptable to the Administrative Agent and (z) be otherwise permitted under the provisions of Section 7.03 (“Intercompany Debt”); and (iii) to the extent constituting Indebtedness, Investments and other intercompany transactions by and between Borrowers and their Subsidiaries, which are permitted by the terms of Section 7.03 and/or Section 7.08;

(e)Guarantees of any Borrower or any Guarantor in respect of Indebtedness otherwise permitted hereunder of a Borrower or any Guarantor;

(f)unsecured Indebtedness not contemplated by the above provisions in an aggregate principal amount not to exceed $2,000,000 at any time outstanding; provided that the Loan Parties are in Pro Forma Compliance with each of the financial covenants set forth in Section 7.11;

(g)all Indebtedness created or arising under any conditional sale or other title retention agreement with respect to property acquired by such Person;

(h)(i) Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or similar instrument inadvertently (except in the case of daylight overdrafts) drawn against insufficient funds in the ordinary course of business (provided that such Indebtedness is extinguished within ten (10) Business Days of incurrence and (ii) endorsements for collection or deposit in the ordinary course of business;

(i)any subordinated Indebtedness that is subject to a subordination agreement in favor of the Administrative Agent in form and substance reasonably satisfactory to the administrative Agent and not in excess of $1,000,000 unless otherwise agreed by the Administrative Agent and the Required Lenders;

(j)contingent obligations in the ordinary course of business arising under indemnity provisions in Contractual Obligations;

(k)unsecured trade payables in the ordinary course of business and payable on normal trade terms and not otherwise prohibited by the terms of this Agreement;

(l)Indebtedness (i) in respect of the Existing Letter of Credit Obligations and replacements thereof and other commercial and trade letters of credit (including reimbursement obligations with respect to any such letters of credit) in the ordinary course of business consistent with past practice, (ii) pursuant to tenders, statutory obligations, bids, leases, governmental contracts, trade contracts, workers’ compensation claims, performance or completion guarantees, surety, stay, customs, appeal, performance and/or return of money bonds or other similar obligations incurred in the ordinary course of business, and (iii) bank guarantees, bankers’ acceptances, performance, bid, appeal and surety bonds, performance and completion guarantees, or similar obligations, in each case, in the ordinary course of business or consistent with past practice; and

(m)Indebtedness under any Secured Cash Management Agreement.

7.03Investments.

Make or hold any Investments, except:

(a)Investments held by the Borrowers and their Subsidiaries in the form of cash or Cash Equivalents;

(b)advances to officers, directors and employees of the Borrowers and their Subsidiaries in an aggregate amount not to exceed $150,000 at any time outstanding, for travel, entertainment, relocation and analogous ordinary business purposes;

(c)(i) Investments by the Borrowers and their Subsidiaries in their respective Subsidiaries outstanding on the date hereof, (ii) additional Investments by the Borrowers and their Subsidiaries in Loan Parties, (iii) additional Investments by Subsidiaries of the Borrowers that are not Loan Parties in other Subsidiaries that are not Loan Parties, (iv) so long as no Event of Default has occurred and is continuing or would result from such Investment, additional Investments by the Loan Parties in Subsidiaries that are not Loan Parties, including the Excluded

Subsidiary, the India Subsidiary and MagicJack and its Subsidiaries in an aggregate amount invested from the date hereof not to exceed $5,000,000 per fiscal year; and (v) Investments consisting of Equity Interests obtained in connection with any other Permitted Transfers;

(d)Investments consisting of extensions of credit in the nature of accounts receivable or notes receivable arising from the grant of trade credit in the ordinary course of business, and Investments received in satisfaction or partial satisfaction thereof from financially troubled account debtors to the extent reasonably necessary in order to prevent or limit loss;

(e)Guarantees permitted by Section 7.02;

(f)Investments existing on the date hereof (other than those referred to in Section 7.03(c)(i)) and set forth on Schedule 7.03;

(g)to the extent constituting Investments, transactions permitted pursuant to Section 7.08;

(h)Permitted Acquisitions;

(i)other Investments not contemplated by the above provisions not exceeding $5,000,000 in the aggregate in any fiscal year of the Borrowers; provided that no more than $2,500,000 in the aggregate in any fiscal year of the Borrowers under this Section 7.03(i) may be Investments not constituting securities in a securities account subject to a Qualifying Control Agreement; and

(j)Dispositions permitted by Section 7.05 and any transfer expressly excluded from the definition of “Disposition” herein.

7.04Fundamental Changes.

Merge, dissolve, liquidate, consolidate with or into another Person, or Dispose of (whether in one transaction or in a series of transactions) all or substantially all of its assets (whether now owned or hereafter acquired) to or in favor of any Person, except that, so long as no Default exists or would result therefrom:

(a)any Loan Party may Dispose of all or substantially all of its assets (upon voluntary liquidation or otherwise) to another Loan Party;

(b)any Subsidiary that is not a Loan Party may dispose of all or substantially all its assets (including any Disposition that is in the nature of a liquidation) to (i) another Subsidiary that is not a Loan Party or (ii) to a Loan Party, and may dissolve or liquidate;

(c)the Loan Parties may consummate any Permitted Loan Party Dissolution (and upon receipt by the Administrative Agent of (i) a certificate of dissolution for any such Dissolved Loan Party, duly filed with and accepted by the applicable Governmental Authority, and (ii) proof that any assets of such entities remaining at the time of dissolution have been transferred to a Loan Party, (A) all of the Dissolved Loan Party’s obligations under the Loan Documents shall be terminated, except to the extent that any such obligations survive termination as provided in the applicable Loan Document, (B), the Dissolved Loan Party will no longer be Loan Party under the Loan Documents, (C) and the Administrative Agent and the Lenders will owe no further

obligations to the Dissolved Loan Party and the Dissolved Loan Party will have no further rights under the Loan Documents).

(d)any Borrower and any of its Subsidiaries may merge into or consolidate with any other Person or permit any other Person to merge into or consolidate with it; provided, however, that in each case, immediately after giving effect thereto (i) in the case of any such merger to which a Borrower is a party, such Borrower is the surviving Person (or if such merger involves two Borrowers, one of such Borrowers is the surviving Person) and (ii) in the case of any such merger to which any Loan Party (other than a Borrower) is a party, such Loan Party is the surviving Person.

7.05Dispositions.

Make any Disposition or enter into any agreement to make any Disposition, except:

(a)Permitted Transfers;

(b)Dispositions of obsolete or worn out property, whether now owned or hereafter acquired, in the ordinary course of business;

(c)Dispositions of equipment or real property to the extent that (i) such property is exchanged for credit against the purchase price of similar replacement property or (ii) the proceeds of such Disposition are reasonably promptly applied to the purchase price of such replacement property;

(d)Dispositions permitted by Section 7.04 and any transfer expressly excluded from the definition of “Disposition” herein;

(e)other Dispositions so long as (i) the consideration paid in connection therewith shall be cash or Cash Equivalents paid contemporaneously with consummation of the transaction and shall be in an amount not less than the fair market value of the property disposed of, (ii) if such transaction is a Sale and Leaseback Transaction, such transaction is not prohibited by the terms of Section 7.14, (iii) such transaction does not involve the sale or other disposition of a minority Equity Interests in any Subsidiary, (iv) such transaction does not involve a sale or other disposition of receivables other than receivables owned by or attributable to other property concurrently being disposed of in a transaction otherwise permitted under this Section, and (v) the aggregate net book value of all of the assets sold or otherwise disposed of by the Loan Parties pursuant to this clause (e) and their Subsidiaries in all such transactions occurring after the Restatement Closing Date shall not exceed $2,000,000 in the aggregate during any fiscal year;

(f)the use and disposition of cash or Cash Equivalents to the extent not otherwise prohibited by this Agreement or the other Loan Documents;

(g)the disposition of accounts or payment intangibles (each as defined in the UCC) resulting from the compromise or settlement thereof in the ordinary course of business for less than the full amount thereof;

(h)the license or sublicense, to third parties in arm’s length commercial transactions in the ordinary course of business to the extent that the same does not interfere in any material respect with the business and operations of such Person;

(i)the swap or exchange of any property in the ordinary course of business for reasonably equivalent consideration;

(j)Dispositions of Inventory or the performance of services in the ordinary course of business; and

(k)the contribution by Parent of Lingo and its Subsidiaries to Holdco.

7.06Restricted Payments.

Declare or make, directly or indirectly, any Restricted Payment, or incur any obligation (contingent or otherwise) to do so, except that, other than with respect to Section 7.06(f) so long as no Event of Default shall have occurred and be continuing at the time of any action described below or would result therefrom:

(a)any Subsidiary of any Loan Party may make Restricted Payments to any Loan Party;

(b)[reserved];

(c)the Borrower may make Permitted Distributions;

(d)the Borrower and each Subsidiary may declare and make dividend payments or other distributions payable solely in common Equity Interests of such Person;

(e)payments on subordinated indebtedness in accordance with the terms of the applicable subordination agreement;

(f)the Borrowers and the other Loan Parties may make Permitted Tax Distributions to the Parent and/or Ultimate Parent; and

(g)the Borrowers and the other Loan Parties may make payments to the Parent and/or Ultimate Parent pursuant to the terms of the shared services arrangements and other similar transactions contemplated by Section 7.08.

For the avoidance of doubt, the Borrowers and the other Loan Parties may make Permitted Tax Distribution without regard to any Event of Default.

7.07Change in Nature of Business.

Engage in any material line of business substantially different from those lines of business conducted by the Borrowers and their Subsidiaries on the date hereof or any business substantially related or incidental thereto.

7.08Transactions with Affiliates.

Enter into or permit to exist any transaction or series of transactions with any officer, director or Affiliate (except in the case of any transactions with Affiliates involving an aggregate value or consideration of less than $50,000) of such Person other than (a) transactions which are entered into in the ordinary course of such Person’s business on fair and reasonable terms and conditions substantially as favorable to such Person as would be obtainable by it in a comparable arm’s length transaction with a

Person other than an officer, director or Affiliate; (b) shared employee or services arrangements and other similar transactions by and among the Borrowers and any or all of their Subsidiaries, the Parent and/or the Ultimate Parent described in summary form on Schedule 7.08, as in existence on the Restatement Closing Date or as the same Schedule 7.08 may be updated from time to time in a manner acceptable to the Administrative Agent, provided that such acceptance may not be unreasonably withheld, conditioned or delayed, and (c) other ordinary course transactions by and among Borrowers and their Subsidiaries from and after the Restatement Closing Date on a cost plus basis or otherwise on terms no less favorable to the Borrowers and their Subsidiaries than would be able to be obtained from third parties on an arm’s length basis.

7.09Burdensome Agreements.

Enter into, or permit to exist, any Contractual Obligation (except for this Agreement and the other Loan Documents) that (a) encumbers or restricts the ability of any such Person to (i) to act as a Loan Party; (ii) make Restricted Payments to any Loan Party, (iii) pay any Indebtedness or other obligation owed to any Loan Party, (iv) make loans or advances to any Loan Party, or (v) create any Lien upon any of their properties or assets, whether now owned or hereafter acquired, except, in the case of clause (a)(v) only, for any document or instrument governing Indebtedness incurred pursuant to Section 7.02(c) or (i), and/or any Permitted Lien, provided that any such restriction contained therein relates only to the asset or assets constructed or acquired in connection therewith, or (b) requires the grant of any Lien on property for any obligation if a Lien on such property is given as security for the Secured Obligations, except for any Permitted Lien.

7.10Use of Proceeds.

Use the proceeds of any Term Loan, whether directly or indirectly, and whether immediately, incidentally or ultimately, to purchase or carry margin stock (within the meaning of Regulation U of the FRB) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund indebtedness originally incurred for such purpose.

7.11Financial Covenants.

(a)Consolidated Total Funded Debt Ratio. Permit the Consolidated Total Funded Debt Ratio as of the end of any Measurement Period ending as of the end of any fiscal quarter of the Borrowers set forth below to be greater than the ratio set forth below opposite such period:


Measurement Period Ending			Maximum Consolidated Total Funded Debt Ratio
March 31, 2025 and each fiscal quarter ending thereafter through and including December 31, 2026			2.00:1.00
March 31, 2027 and each fiscal quarter ending thereafter			1.50:1.00

(b)Consolidated Fixed Charge Coverage Ratio. Permit the Consolidated Fixed Charge Coverage Ratio as of the end of any Measurement Period ending as of the end of any fiscal quarter of the Borrowers, commencing with the fiscal quarter of the Borrowers ending March 31, 2025, to be less than 1.10:1.00.

(c)Equity Cure. In the event the Borrowers fail to comply with any covenant contained in Sections 7.11(a) or (b) for any Measurement Period (any such failure, a “Financial Covenant Default”), the Borrowers shall have the right to cure the resulting Event of Default on the following terms and conditions (the “Equity Cure Right”):

(i)If the Borrowers desire to cure any Financial Covenant Default, the Borrowers shall deliver to the Administrative Agent irrevocable written notice of the Borrowers’ intent to cure (a “Cure Notice”) no later than five (5) Business Days after the earlier of (x) the date on which financial statements and a Compliance Certificate executed by an Responsible Officer of each Borrower for the applicable fiscal quarter are required to be delivered and (y) the date on which financial statements and a Compliance Certificate for the applicable fiscal quarter were actually delivered. The Cure Notice shall set forth the calculation of the amount of the Equity Cure Investment necessary to cure the applicable Financial Covenant Default pursuant to the terms hereof (the “Financial Covenant Cure Amount”).

(ii)If the Borrowers deliver a Cure Notice, Ultimate Parent shall, directly or indirectly, purchase Equity Interests of Holdco that is not Disqualified Capital Stock or make a cash capital contribution to Holdco (collectively, an “Equity Cure Investment”) in an amount equal to the Financial Covenant Cure Amount, no later than ten (10) Business Days after the earlier of (x) the date on which financial statements and a Compliance Certificate for the applicable fiscal quarter are required to be delivered and (y) the date on which financial statements and a Compliance Certificate for the applicable fiscal quarter were actually delivered. The cash proceeds received by Holdco from such purchases or contributions shall be deemed to increase Consolidated Adjusted EBITDA on a dollar-for-dollar basis, and the amount of such increase may be included in a recalculation of the financial covenant(s) giving rise to the Financial Covenant Default for the fiscal quarter immediately preceding such purchase or contribution, as applicable, and, without duplication, for each of the following three fiscal quarters.

(iii)The Equity Cure Right shall not be exercised (x) in more than two (2) fiscal quarters in any four consecutive fiscal quarter period or (y) more than four (4) times during the term of this Agreement, and the amount of any Equity Cure Investment shall be no greater than the amount of Consolidated Adjusted EBITDA required to cause the Borrower to be in compliance with all financial covenants.

(iv)Upon timely receipt by Holdco of the cash proceeds from the Equity Cure Investment, and the immediate application of 100% of the proceeds thereof as a mandatory prepayment of the outstanding Term Loans, the applicable Financial Covenant Default shall be deemed cured.

(v)Any Term Loans prepaid with the proceeds of an Equity Cure Investment shall be deemed outstanding for the purpose of determining compliance with the financial covenants for the fiscal quarter being cured and the next three fiscal quarters.

7.12[Reserved].

7.13Amendments of Organization Documents; Fiscal Year; Legal Name, State of Formation; Form of Entity and Accounting Changes.

(a)Amend any of its Organization Documents in any manner adverse to the Administrative Agent or the Lenders;

(b)change its fiscal year;

(c)without providing ten (10) days prior written notice to the Administrative Agent (or such extended period of time as agreed to by the Administrative Agent), change its name, state of formation, form of organization or principal place of business; or

(d)make any change in accounting policies or reporting practices, except as required by GAAP.

7.14Sale and Leaseback Transactions.

Enter into any Sale and Leaseback Transaction.

7.15Prepayments, Etc. of Indebtedness.

Prepay, redeem, purchase, defease or otherwise satisfy or obligate itself to do so prior to the scheduled maturity thereof in any manner (including by the exercise of any right of setoff), or make any payment in violation of any subordination, standstill or collateral sharing terms of or governing any Indebtedness, except (a) the prepayment of the Term Loans in accordance with the terms of this Agreement, (b) regularly scheduled or required repayments or redemptions of Indebtedness under the Indebtedness set forth in Schedule 7.02 and refinancings and refundings of such Indebtedness in compliance with Section 7.02(b) and (c) as may be permitted by the terms of any subordination agreement in favor of the Administrative Agent.

7.16[Reserved].

7.17[Reserved].

7.18Sanctions.

Directly or indirectly, use the proceeds of the Term Loans, or lend, contribute or otherwise make available the proceeds of the Term Loans to any Person, to fund any activities of or business with any Person, or in any Designated Jurisdiction, that, at the time of such funding, is the subject of Sanctions, or in any other manner that will result in a violation by any Person (including any Person participating in the transaction, whether as Lender, Arranger, Administrative Agent, or otherwise) of Sanctions.

ARTICLE VIII
EVENTS OF DEFAULT AND REMEDIES

8.01Events of Default.

Any of the following shall constitute an Event of Default:

(a)Non-Payment. The Borrowers or any other Loan Party fail to pay (i) when and as required to be paid herein, any amount of principal of the Term Loans, or (ii) within three (3) days after the same becomes due, any interest on the Term Loans or any fee due hereunder, or (iii) within five (5) days after the same becomes due, any other amount payable hereunder or under any other Loan Document; or

(b)Specific Covenants. (i) Any Loan Party fails to perform or observe any term, covenant or agreement contained in any of Section 6.05, 6.08, 6.11, Article VII or Article X or (ii) any of the Loan Parties fails to perform or observe any term, covenant or agreement contained in Sections 3 or 4 of the Security Agreement; or (ii) any Loan Party fails to perform or observe any term, covenant or agreement contained in any of Section 6.01, 6.02, 6.03, 6.10 or 6.12 and such failure remains un-remedied for a period of ten (10) days; or

(c)Other Defaults. Ultimate Parent, Parent, any Loan Party fails to perform or observe any other covenant or agreement (not specified in Section 8.01(a) or (b) above) contained in any Loan Document on its part to be performed or observed and such failure continues for thirty (30) days; or

(d)Representations and Warranties. Any representation, warranty, certification or statement of fact made or deemed made by or on behalf of the Borrowers or any other Loan Party herein, in any other Loan Document, or in any document delivered in connection herewith or therewith (in each case other than forecasted, forward-looking information and projections) shall be incorrect or misleading when made or deemed made; or

(e)Cross-Default. (i) Ultimate Parent, Parent, any Loan Party or any Subsidiary thereof (A) fails to make any payment when due (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of any Indebtedness or Guarantee (other than Indebtedness hereunder and Indebtedness under Swap Contracts and as may be required by the terms of any subordination agreement in favor of the Administrative Agent) having an aggregate principal amount (including undrawn committed or available amounts and including amounts owing to all creditors under any combined or syndicated credit arrangement) of more than the Threshold Amount, (or in the case of Ultimate Parent or Parent, $20,000,000) or (B) fails to observe or perform any other agreement or condition relating to any such Indebtedness or Guarantee having an aggregate principal amount (including undrawn committed or available amounts and including amounts owing to all creditors under any combined or syndicated credit arrangement) of more than the Threshold Amount (or in the case of Ultimate Parent or Parent, $20,000,000) or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the effect of which default or other event is to cause, or to permit, the holder or holders of such Indebtedness or the beneficiary or beneficiaries of such Guarantee (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice if required, such Indebtedness to be demanded or to become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such Indebtedness to be made, prior to its stated maturity, or such Guarantee to become payable or cash collateral in respect thereof to be demanded; (ii) there occurs under any Swap Contract an Early Termination Date (as defined in such Swap Contract) resulting from (A) any event of default under such Swap Contract as to which Ultimate Parent, Parent, a Loan Party or any Subsidiary thereof is the Defaulting Party (as defined in such Swap Contract) or (B) any Termination Event (as so defined) under such Swap Contract as to which Ultimate Parent, Parent, a Loan Party or any Subsidiary thereof is an Affected Party (as so defined) and, in either event, the Swap Termination Value owed by

Ultimate Parent, Parent, such Loan Party or such Subsidiary as a result thereof is greater than the Threshold Amount (or in the case of Ultimate Parent or Parent, $20,000,000); or

(f)Insolvency Proceedings, Etc. Ultimate Parent, Parent, any Loan Party or any Subsidiary thereof institutes or consents to the institution of any proceeding under any Debtor Relief Law, or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or for all or any material part of its property; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed without the application or consent of such Person and the appointment continues undischarged or unstayed for forty-five (45) calendar days; or any proceeding under any Debtor Relief Law relating to any such Person or to all or any material part of its property is instituted without the consent of such Person and continues undismissed or unstayed for sixty (60) calendar days, or an order for relief is entered in any such proceeding; or

(g)Inability to Pay Debts; Attachment. (i) Ultimate Parent, Parent, any Loan Party or any Subsidiary thereof becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within thirty (30) days after its issue or levy; or

(h)Judgments. There is entered against any Loan Party or any Subsidiary thereof (i) one or more final judgments or orders for the payment of money in an aggregate amount (as to all such judgments and orders) (to the extent not covered by independent third-party insurance as to which the insurer is rated at least “A” by A.M. Best Company, has been notified of the potential claim and does not dispute coverage) that has, or would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and, in either case, (A) enforcement proceedings are commenced by any creditor upon such judgment or order, or (B) there is a period of twenty (20) consecutive days during which a stay of enforcement of such judgment, by reason of a pending appeal or otherwise, is not in effect, or (ii) any one or more non-monetary final judgments are entered that have, or would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and, in either case, (A) enforcement proceedings are commenced by any creditor upon such judgment or order, or (B) there is a period of twenty (20) consecutive days during which a stay of enforcement of such judgment, by reason of a pending appeal or otherwise, is not in effect; or

(i)ERISA. (i) An ERISA Event occurs with respect to a Pension Plan or Multiemployer Plan which has resulted or would reasonably be expected to result in liability of any Loan Party under Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC in an aggregate amount in excess of the Threshold Amount, or (ii) any Borrower or any ERISA Affiliate fails to pay when due, after the expiration of any applicable grace period, any installment payment with respect to its withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan in an aggregate amount in excess of the Threshold Amount; or

(j)Invalidity of Loan Documents. Any provision of any Loan Document, at any time after its execution and delivery and for any reason other than as expressly permitted hereunder or thereunder or satisfaction in full of all Obligations arising under the Loan Documents, ceases to be in full force and effect in any material respect; or any Loan Party or any other Person contests in any manner the validity or enforceability of any provision of any Loan Document; or any Loan Party denies that it has any or further liability or obligation under any

provision of any Loan Document, or purports to revoke, terminate or rescind any provision of any Loan Document;

(k)Change of Control. There occurs any Change of Control; or

(l)Material Adverse Effect. Any Material Adverse Effect occurs.

Without limiting the provisions of Article VIII, if a Default shall have occurred under the Loan Documents, then such Default will continue to exist until it either is cured (to the extent specifically permitted) in accordance with the Loan Documents or is otherwise expressly waived by Administrative Agent (with the approval of requisite Required Lenders (in their sole discretion) as determined in accordance with Section 11.01; and once an Event of Default occurs under the Loan Documents, then such Event of Default will continue to exist until it is expressly waived by the Required Lenders or by the Administrative Agent with the approval of the Required Lenders, as required hereunder in Section 11.01.

8.02Remedies upon Event of Default.

If any Event of Default occurs and is continuing, the Administrative Agent shall, at the request of, or may, with the consent of, the Required Lenders, take any or all of the following actions:

(a)declare the unpaid principal amount of all outstanding Term Loans, all interest accrued and unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by the Borrowers; and

(b)exercise on behalf of itself and the Lenders all rights and remedies available to it and the Lenders under the Loan Documents or applicable Law or equity;

provided, however, that upon the occurrence of an actual or deemed entry of an order for relief with respect to the Borrowers under the Bankruptcy Code of the United States, the unpaid principal amount of all outstanding Term Loans and all interest and other amounts as aforesaid shall automatically become due and payable, without further act of the Administrative Agent or any Lender.

8.03Application of Funds.

After the exercise of remedies provided for in Section 8.02 (or after the Loans have automatically become immediately due and payable as set forth in the proviso to Section 8.02) or if at any time insufficient funds are received by and available to the Administrative Agent to pay fully all Secured Obligations then due hereunder, any amounts received on account of the Secured Obligations shall, subject to the provisions of Sections 2.15 and 2.17, be applied by the Administrative Agent in the following order:

First, to payment of that portion of the Secured Obligations constituting fees, indemnities, expenses and other amounts (including the reasonable and documented out-of-pocket fees, charges and disbursements of external counsel to the Administrative Agent and amounts payable under Article III) payable to the Administrative Agent in its capacity as such;

Second, to payment of that portion of the Secured Obligations constituting fees, indemnities and other amounts (other than principal or interest) payable to the Lenders (including, if reimbursable hereunder, the fees, charges and disbursements of external counsel to the

respective Lenders) arising under the Loan Documents and amounts payable under Article III, ratably among them in proportion to the respective amounts described in this clause Second payable to them;

Third, to payment of that portion of the Secured Obligations constituting accrued and unpaid interest on the Term Loans and other Secured Obligations arising under the Loan Documents, ratably among the Lenders in proportion to the respective amounts described in this clause Third payable to them;

Fourth, to payment of that portion of the Secured Obligations constituting unpaid principal of the Term Loans and Secured Obligations then owing under Secured Hedge Agreements and Secured Cash Management Agreements, ratably among the Lenders, the Hedge Banks and the Cash Management Banks in proportion to the respective amounts described in this clause Fourth held by them; and

Last, the balance, if any, after all of the Secured Obligations have been indefeasibly paid in full, to the Borrower or as otherwise required by Law.

Excluded Swap Obligations with respect to any Guarantor shall not be paid with amounts received from such Guarantor or its assets, but appropriate adjustments shall be made with respect to payments from other Loan Parties to preserve the allocation to Secured Obligations otherwise set forth above in this Section.

Notwithstanding the foregoing, Secured Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements shall be excluded from the application described above if the Administrative Agent has not received a Secured Party Designation Notice, together with such supporting documentation as the Administrative Agent may request, from the applicable Cash Management Bank or Hedge Bank, as the case may be. Each Cash Management Bank or Hedge Bank not a party to this Agreement that has given the notice contemplated by the preceding sentence shall, by such notice, be deemed to have acknowledged and accepted the appointment of the Administrative Agent pursuant to the terms of Article IX for itself and its Affiliates as if a “Lender” party hereto.

ARTICLE IX
ADMINISTRATIVE AGENT

9.01Appointment and Authority.

(a)Appointment. Each of the Lenders hereby irrevocably appoints, designates and authorizes Banc of California to act on its behalf as the Administrative Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of the Administrative Agent and the Lenders, and neither any Borrower nor any other Loan Party shall have rights as a third party beneficiary of any of such provisions. It is understood and agreed that the use of the term “agent” herein or in any other Loan Documents (or any other similar term) with reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable Law. Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship between contracting parties.

(b)Collateral Agent. The Administrative Agent shall also act as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a potential Hedge Bank and a potential Cash Management Bank) hereby irrevocably appoints and authorizes the Administrative Agent to act as the agent of such Lender for the purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties to secure any of the Secured Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Administrative Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 9.05 for the purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Collateral Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent), shall be entitled to the benefits of all provisions of this Article IX and Article XI (including Section 11.04(c), as though such co-agents, sub-agents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto.

9.02Rights as a Lender.

The Person serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of banking, trust, financial, advisory, underwriting or other business with any Loan Party or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders or to provide notice to or consent of the Lenders with respect thereto.

9.03Exculpatory Provisions.

The Administrative Agent shall not have any duties or obligations except those expressly set forth herein and in the other Loan Documents, and its duties hereunder shall be administrative in nature. Without limiting the generality of the foregoing, the Administrative Agent and its Related Parties:

(a)shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing;

(b)shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents), provided that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Administrative Agent to liability or that is contrary to any Loan Document or applicable Law, including for the avoidance of doubt any action that may be in violation of the automatic stay under any Debtor Relief Law or that may effect a forfeiture, modification or termination of property of a Defaulting Lender in violation of any Debtor Relief Law; and

(c)shall not, except as expressly set forth herein and in the other Loan Documents, have any duty or responsibility to disclose, and shall not be liable for the failure to disclose, any

information relating to any Loan Party or any of its Affiliates that is communicated to or obtained by the Person serving as the Administrative Agent or any of its Affiliates in any capacity.

Neither the Administrative Agent nor any of its Related Parties shall be liable for any action taken or not taken by the Administrative Agent under or in connection with this Agreement or any other Loan Document or the transactions contemplated hereby or thereby (i) with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary), or as the Administrative Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections 11.01 and 8.02) or (ii) in the absence of its own gross negligence or willful misconduct as determined by a court of competent jurisdiction by final and nonappealable judgment. Any such action taken or failure to act pursuant to the foregoing shall be binding on all Lenders. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until notice describing such Default is given in writing to the Administrative Agent by the Borrowers or a Lender.

Neither the Administrative Agent nor any of its Related Parties have any duty or obligation to any Lender or participant or any other Person to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document, or the creation, perfection or priority of any Lien purported to be created by the Collateral Documents, (v) the value or the sufficiency of any Collateral, or (vi) the satisfaction of any condition set forth in Article IV or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent.

9.04Reliance by Administrative Agent.

The Administrative Agent shall be entitled to rely upon, and shall be fully protected in relying and shall not incur any liability for relying upon, any notice, request, certificate, communication, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall be fully protected in relying and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of the Term Loans, that by its terms must be fulfilled to the satisfaction of a Lender, the Administrative Agent may presume that such condition is satisfactory to such Lender unless the Administrative Agent shall have received notice to the contrary from such Lender prior to the making of the Term Loans. The Administrative Agent may consult with legal counsel (who may be counsel for the Loan Parties), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. For purposes of determining compliance with the conditions specified in Section 4.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Restatement Closing Date specifying its objections.

9.05Delegation of Duties.

The Administrative Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other Loan Document by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the Term Loans as well as activities as Administrative Agent. The Administrative Agent shall not be responsible for the negligence or misconduct of any sub-agents except to the extent that a court of competent jurisdiction determines in a final and nonappealable judgment that the Administrative Agent acted with gross negligence or willful misconduct in the selection of such sub-agents.

9.06Resignation of Administrative Agent.

(a)Notice. The Administrative Agent may at any time give notice of its resignation to the Lenders and the Borrowers. Upon receipt of any such notice of resignation, the Required Lenders shall have the right, in consultation with the Borrowers, to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any such bank with an office in the United States. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within thirty (30) days after the retiring Administrative Agent gives notice of its resignation (or such earlier day as shall be agreed by the Required Lenders) (the “Resignation Effective Date”), then the retiring Administrative Agent may (but shall not be obligated to) on behalf of the Lenders, appoint a successor Administrative Agent meeting the qualifications set forth above. Whether or not a successor has been appointed, such resignation shall become effective in accordance with such notice on the Resignation Effective Date.

(b)Removal of Administrative Agent. If the Person serving as the Administrative Agent is a Defaulting Lender pursuant to clause (e) of the definition thereof, the Required Lenders may, to the extent permitted by applicable Law, by notice in writing to the Borrowers and such Person remove such Person as the Administrative Agent and, in consultation with the Borrowers, appoint a successor. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days (or such earlier day as shall be agreed by the Required Lenders) (the “Removal Effective Date”), then such removal shall nonetheless become effective in accordance with such notice on the Removal Effective Date

(c)Effect of Resignation. With effect from the Resignation Effective Date or the Removal Effective Date (as applicable) (i) the retiring or removed Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any collateral security held by the Administrative Agent on behalf of the Lenders under any of the Loan Documents, the retiring Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative Agent is appointed) and (ii) except for any indemnity payments or other amounts then owed to the retiring or removed Administrative Agent, all payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender and directly, until such time, if any, as the Required Lenders appoint a successor Administrative Agent as provided for above. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers,

privileges and duties of the retiring or removed Administrative Agent (other than as provided in Section 3.01(g) and other than any rights to indemnity payments or other amounts owed to the retiring Administrative Agent as of the Resignation Effective Date or the Removal Effective Date, as applicable), and the retiring or removed Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided above in this Section). The fees payable by the Borrowers to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrowers and such successor. After the retiring or removed Administrative Agent’s resignation or removal hereunder and under the other Loan Documents, the provisions of this Article and Section 11.04 shall continue in effect for the benefit of such retiring or removed Administrative Agent, its sub agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring or removed Administrative Agent was acting as Administrative Agent.

9.07Non-Reliance on Administrative Agent and Other Lenders.

Each Lender acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder.

9.08No Other Duties, Etc.

Anything herein to the contrary notwithstanding, none of the titles listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as the Administrative Agent or a Lender hereunder.

9.09Administrative Agent May File Proofs of Claim; Credit Bidding.

In case of the pendency of any proceeding under any Debtor Relief Law or any other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of the Term Loans shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise:

(a)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 Secured Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders and the Administrative Agent under Sections 2.11, 2.12(b) and 11.04) allowed in such judicial proceeding; and

(b)to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same;

and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Lenders, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under Sections 2.12(b) and 11.04.

Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender any plan of reorganization, arrangement, adjustment or composition affecting the Secured Obligations or the rights of any Lender to authorize the Administrative Agent to vote in respect of the claim of any Lender or in any such proceeding.

The Loan Parties and the Secured Parties hereby irrevocably authorize the Administrative Agent, based upon the instruction of the Required Lenders, to (a) credit bid and in such manner purchase (either directly or through one or more acquisition vehicles) all or any portion of the Collateral at any sale thereof conducted under the provisions of the Bankruptcy Code of the United States, including under Section 363 of the Bankruptcy Code of the United States or any similar Laws in any other jurisdictions to which a Loan Party is subject, or (b) credit bid and in such manner purchase (either directly or through one or more acquisition vehicles) all or any portion of the Collateral at any other sale or foreclosure conducted by (or with the consent or at the direction of) the Administrative Agent (whether by judicial action or otherwise) in accordance with applicable Law. In connection with any such credit bid and purchase, the Secured Obligations owed to the Secured Parties shall be entitled to be, and shall be, credit bid on a ratable basis (with Secured Obligations with respect to contingent or unliquidated claims being estimated for such purpose if the fixing or liquidation thereof would not unduly delay the ability of the Administrative Agent to credit bid and purchase at such sale or other disposition of the Collateral and, if such claims cannot be estimated without unduly delaying the ability of the Administrative Agent to credit bid, then such claims shall be disregarded, not credit bid, and not entitled to any interest in the asset or assets purchased by means of such credit bid) and the Secured Parties whose Secured Obligations are credit bid shall be entitled to receive interests (ratably based upon the proportion of their Secured Obligations credit bid in relation to the aggregate amount of Secured Obligations so credit bid) in the asset or assets so purchased (or in the Equity Interests of the acquisition vehicle or vehicles that are used to consummate such purchase). Except as provided above and otherwise expressly provided for in this Agreement, in the other Loan Documents or in the other Collateral Documents, the Administrative Agent will not execute and deliver a release of any Lien on any Collateral. Upon request by the Administrative Agent or the Borrower at any time, the Secured Parties will confirm in writing the Administrative Agent’s authority to release any such Liens on particular types or items of Collateral pursuant to this Section 9.09.

9.10Collateral and Guaranty Matters.

Each of the Lenders (including in its capacities as a potential Cash Management Bank and a potential Hedge Bank) irrevocably authorize the Administrative Agent, at its option and in its discretion:

(a)to release any Lien on any property granted to or held by the Administrative Agent under any Loan Document (i) upon the Facility Termination Date, (ii) that is sold or otherwise disposed of or to be sold or otherwise disposed of as part of or in connection with any sale or other disposition permitted hereunder or under any other Loan Document or Collateral Document, or (iii) if approved, authorized or ratified in writing by the Required Lenders in accordance with Section 11.01;

(b)to subordinate any Lien on any property granted to or held by the Administrative Agent under any Loan Document to the holder of any Lien on such property that is permitted by Section 7.01(i); and

(c)to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted under the Loan Documents.

Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release or subordinate its interest in particular types or items of property, or to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.10. In each case as specified in this Section 9.10, the Administrative Agent will, at the Borrower’s expense, execute and deliver to the applicable Loan Party such documents as such Loan Party may reasonably request to evidence the release of such item of Collateral from the assignment and security interest granted under the Collateral Documents or to subordinate its interest in such item, or to release such Guarantor from its obligations under the Guaranty, in each case in accordance with the terms of the Loan Documents and this Section 9.10.

The Administrative Agent shall not be responsible for or have a duty to ascertain or inquire into any representation or warranty regarding the existence, value or collectability of the Collateral, the existence, priority or perfection of the Administrative Agent’s Lien thereon, or any certificate prepared by any Loan Party in connection therewith, nor shall the Administrative Agent be responsible or liable to the Lenders for any failure to monitor or maintain any portion of the Collateral.

9.11Secured Cash Management Agreements and Secured Hedge Agreements.

Except as otherwise expressly set forth herein, no Cash Management Bank or Hedge Bank that obtains the benefit of the provisions of Section 8.03, the Guaranty or any Collateral by virtue of the provisions hereof or any Collateral Document shall have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect of the Collateral (including the release or impairment of any Collateral) (or to notice of or to consent to any amendment, waiver or modification of the provisions hereof or of the Guaranty or any Collateral Document) other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding any other provision of this Article IX to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Secured Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements except to the extent expressly provided herein and unless the Administrative Agent has received a Secured Party Designation Notice of such Secured Obligations, together with such supporting documentation as the Administrative Agent may request, from the applicable Cash Management Bank or Hedge Bank, as the case may be. The Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Secured Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements in the case of a Facility Termination Date.

9.12Certain ERISA Matters.

(a)Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent and not, for the avoidance of doubt, to or for the benefit of any Borrower or any other Loan Party, that at least one of the following is and will be true:

100

(i)such Lender is not using “plan assets” (within the meaning of Section 3(42) of ERISA or otherwise) of one or more Benefit Plans;

(ii)the transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house asset managers), is applicable with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement;

(iii)(A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Loans, the Letters of Credit, the Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement, or

(iv)such other representation, warranty and covenant as may be agreed in writing between Administrative Agent, in its sole discretion, and such Lender.

(b)In addition, unless either (1) sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or (2) a Lender has provided another representation, warranty and covenant in accordance with sub-clause (iv) in the immediately preceding clause (a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, Administrative Agent and not, for the avoidance of doubt, to or for the benefit of Borrowers or any other Loan Party, that the Administrative Agent is not a fiduciary with respect to the assets of such Lender involved in such Lender’s entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement (including in connection with the reservation or exercise of any rights by the Administrative Agent under this Agreement, any other Loan Document or any documents related to hereto or thereto).

ARTICLE X
CONTINUING GUARANTY

10.01Guaranty.

Each Secured Guarantor hereby absolutely and unconditionally, jointly and severally guarantees, as a guaranty of payment and performance and not merely as a guaranty of collection, prompt payment when due, whether at stated maturity, by required prepayment, upon acceleration, demand or otherwise,

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and at all times thereafter, of any and all Obligations and Additional Secured Obligations (for each Secured Guarantor, subject to the proviso in this sentence, its “Guaranteed Obligations”); provided that (a) the Guaranteed Obligations of a Secured Guarantor shall exclude any Excluded Swap Obligations with respect to such Secured Guarantor and (b) the liability of each Secured Guarantor individually with respect to this Guaranty shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder subject to avoidance under Section 548 of the Bankruptcy Code of the United States or any comparable provisions of any applicable state law. The Administrative Agent’s books and records showing the amount of the Obligations shall be admissible in evidence in any action or proceeding, and shall be binding upon each Secured Guarantor, and conclusive for the purpose of establishing the amount of the Secured Obligations. This Guaranty shall not be affected by the genuineness, validity, regularity or enforceability of the Secured Obligations or any instrument or agreement evidencing any Secured Obligations, or by the existence, validity, enforceability, perfection, non-perfection or extent of any collateral therefor, or by any fact or circumstance relating to the Secured Obligations which might otherwise constitute a defense to the obligations of the Secured Guarantors, or any of them, under this Guaranty, and each Secured Guarantor hereby irrevocably waives any defenses it may now have or hereafter acquire in any way relating to any or all of the foregoing, in each case, except for the defense of payment of the Obligations in full and the occurrence of the Facility Termination Date.

10.02Rights of Lenders.

Each Secured Guarantor consents and agrees that the Secured Parties may, at any time and from time to time, without notice or demand, and without affecting the enforceability or continuing effectiveness hereof: (a) amend, extend, renew, compromise, discharge, accelerate or otherwise change the time for payment or the terms of the Secured Obligations or any part thereof; (b) take, hold, exchange, enforce, waive, release, fail to perfect, sell, or otherwise dispose of any security for the payment of this Guaranty or any Secured Obligations; (c) apply such security and direct the order or manner of sale thereof as the Administrative Agent and the Lenders in their sole discretion may determine; and (d) release or substitute one or more of any endorsers or other guarantors of any of the Secured Obligations. Without limiting the generality of the foregoing, each Secured Guarantor consents to the taking of, or failure to take, any action which might in any manner or to any extent vary the risks of such Secured Guarantor under this Guaranty or which, but for this provision, might operate as a discharge of such Secured Guarantor.

10.03Certain Waivers.

Each Secured Guarantor waives (a) any defense arising by reason of any disability or other defense of the Borrowers or any other guarantor, or the cessation from any cause whatsoever (including any act or omission of any Secured Party) of the liability of the Borrowers or any other Loan Party; (b) any defense based on any claim that such Secured Guarantor’s obligations exceed or are more burdensome than those of the Borrowers or any other Loan Party; (c) the benefit of any statute of limitations affecting any Secured Guarantor’s liability hereunder; (d) any right to proceed against the Borrowers or any other Loan Party, proceed against or exhaust any security for the Secured Obligations, or pursue any other remedy in the power of any Secured Party whatsoever; (e) any benefit of and any right to participate in any security now or hereafter held by any Secured Party; and (f) to the fullest extent permitted by law, any and all other defenses or benefits that may be derived from or afforded by applicable Law limiting the liability of or exonerating guarantors or sureties, in each case, except for the defense of payment of the Obligations in full and the occurrence of the Facility Termination Date. Each Secured Guarantor expressly waives all setoffs and counterclaims and all presentments, demands for payment or performance, notices of nonpayment or nonperformance, protests, notices of protest, notices of dishonor and all other notices or demands of any kind or nature whatsoever with respect to the Secured

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Obligations, and all notices of acceptance of this Guaranty or of the existence, creation or incurrence of new or additional Secured Obligations. Each Secured Guarantor waives any rights and defenses that are or may become available to it by reason of §§ 2787 to 2855, inclusive, and §§ 2899 and 3433 of the California Civil Code.

10.04Obligations Independent.

The obligations of each Secured Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of the Secured Obligations and the obligations of any other guarantor, and a separate action may be brought against each Secured Guarantor to enforce this Guaranty whether or not the Borrowers or any other person or entity is joined as a party.

10.05Subrogation.

No Secured Guarantor shall exercise any right of subrogation, contribution, indemnity, reimbursement or similar rights with respect to any payments it makes under this Guaranty until all of the Secured Obligations and any amounts payable under this Guaranty have been indefeasibly paid and performed in full. If any amounts are paid to a Secured Guarantor in violation of the foregoing limitation, then such amounts shall be held in trust for the benefit of the Secured Parties and shall forthwith be paid to the Administrative Agent to reduce the amount of the Secured Obligations, whether matured or unmatured.

10.06Termination; Reinstatement.

This Guaranty is a continuing and irrevocable guaranty of all Secured Obligations now or hereafter existing and shall remain in full force and effect until the Facility Termination Date. Notwithstanding the foregoing, this Guaranty shall continue in full force and effect or be revived, as the case may be, if any payment by or on behalf of the Borrowers or a Secured Guarantor is made, or any of the Secured Parties exercises its right of setoff, in respect of the Secured Obligations and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by any of the Secured Parties in their discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Laws or otherwise, all as if such payment had not been made or such setoff had not occurred and whether or not the Secured Parties are in possession of or have released this Guaranty and regardless of any prior revocation, rescission, termination or reduction. The obligations of each Secured Guarantor under this paragraph shall survive termination of this Guaranty.

10.07Stay of Acceleration.

If acceleration of the time for payment of any of the Secured Obligations is stayed, in connection with any case commenced by or against a Secured Guarantor or the Borrowers under any Debtor Relief Laws, or otherwise, all such amounts shall nonetheless be payable by each Secured Guarantor, jointly and severally, immediately upon demand by the Secured Parties.

10.08Condition of Borrowers.

Each Secured Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from the Borrowers and any other guarantor such information concerning the financial condition, business and operations of the Borrowers and any such other guarantor as such Secured Guarantor requires, and that none of the Secured Parties has any duty, and such Secured

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Guarantor is not relying on the Secured Parties at any time, to disclose to it any information relating to the business, operations or financial condition of the Borrowers or any other guarantor (each Secured Guarantor waiving any duty on the part of the Secured Parties to disclose such information and any defense relating to the failure to provide the same).

10.09Appointment of Borrowers.

Each of the Secured Guarantors hereby appoints the Borrowers and the Borrowing Agent, where applicable, to act as its agent for all purposes of this Agreement and the other Loan Documents and agrees that (a) the Borrowers and the Borrowing Agent, where applicable, may execute such documents on behalf of such Secured Guarantor as the Borrowers or the Borrowing Agent, where applicable, deem(s) appropriate in their or its sole discretion and each Secured Guarantor shall be obligated by all of the terms of any such document executed on its behalf, (b) any notice or communication delivered by the Administrative Agent or the Lender to the Borrowers or the Borrowing Agent, where applicable, shall be deemed delivered to each Secured Guarantor and (c) the Administrative Agent or the Lenders may accept, and be permitted to rely on, any document, instrument or agreement executed by the Borrowers or the Borrowing Agent, where applicable, on behalf of each Secured Guarantor.

10.10Right of Contribution.

The Secured Guarantors agree among themselves that, in connection with payments made hereunder, each Secured Guarantor shall have contribution rights against the other Secured Guarantors as permitted under applicable Law.

10.11Keepwell.

Each Loan Party that is a Qualified ECP Guarantor at the time the Guaranty or the grant of a Lien under the Loan Documents, in each case, by any Specified Loan Party, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Loan Party with respect to such Swap Obligation as may be needed by such Specified Loan Party from time to time to honor all of its obligations under the Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Article X voidable under applicable Law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section shall remain in full force and effect until the Secured Obligations have been indefeasibly paid and performed in full. Each Loan Party intends this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Loan Party for all purposes of the Commodity Exchange Act.

ARTICLE XI
MISCELLANEOUS

11.01Amendments, Etc.

No amendment or waiver of any provision of this Agreement or any other Loan Document, and no consent to any departure by the Borrowers or any other Loan Party therefrom, shall be effective unless in writing signed by the Required Lenders and the Borrowers or the applicable Loan Party, as the case may be, and acknowledged by the Administrative Agent, and each such waiver or consent shall be

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effective only in the specific instance and for the specific purpose for which given; provided, however, that no such amendment, waiver or consent shall:

(a)waive any condition set forth in Section 4.01, without the written consent of each Lender;

(b)extend or increase any Commitment of any Lender without the written consent of such Lender (it being understood that a waiver of any condition set forth in Section 4.01 or the waiver of any Default shall not constitute an extension or increase of any Commitment of any Lender);

(c)postpone any date fixed by this Agreement or any other Loan Document for any payment (excluding mandatory prepayments) of principal, interest, fees or other amounts due to the Lenders (or any of them) hereunder or under such other Loan Document without the written consent of each Lender entitled to such payment; provided, however, that only the consent of the Required Lenders shall be necessary to postpone or rescind any obligation of the Borrowers to pay interest at the Default Rate;

(d)reduce the principal of, or the rate of interest specified herein on, the Term Loans, or (subject to clause (ii) of the third proviso to this Section 11.01) any fees or other amounts payable hereunder or under any other Loan Document, or change the manner of computation of any financial ratio (including any change in any applicable defined term) used in determining the Applicable Margin that would result in a reduction of any interest rate on the Term Loans without the written consent of each Lender entitled to such amount; provided, however, that only the consent of the Required Lenders shall be necessary (i) to amend the definition of “Default Rate” or to waive any obligation of the Borrowers to pay interest or at the Default Rate or (ii) to amend any financial covenant hereunder (or any defined term used therein) even if the effect of such amendment would be to reduce the rate of interest on the Term Loans or to reduce any fee payable hereunder;

(e)change (i) Section 8.03 in a manner that would alter the pro rata sharing of payments required thereby without the written consent of each Lender or (ii) the order of application of any prepayment of the Term Loans from the application thereof set forth in the applicable provisions of Section 2.07(g) in any manner that materially and adversely affects the Lenders without the written consent of the Required Lenders or (iii) 2.14(f) in a manner that would alter the pro rata application required thereby without the written consent of each Lender directly affected thereby;

(f)change any provision of this Section 11.01 or the definition of “Required Lenders” or any other provision of any Loan Document specifying the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or thereunder or make any determination or grant any consent hereunder, without the written consent of each Lender;

(g)release all or substantially all of the Collateral in any transaction or series of related transactions, without the written consent of each Lender;

(h)release all or substantially all of the value of the Guaranty, without the written consent of each Lender, except to the extent the release of any Subsidiary from the Guaranty is

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permitted pursuant to Section 9.10 (in which case such release may be made by the Administrative Agent acting alone);

(i)release the Borrowers or permit the Borrowers to assign or transfer any of their rights or obligations under this Agreement or the other Loan Documents without the consent of each Lender; or

(j)impose any greater restriction on the ability of any Lender to assign any of its rights or obligations hereunder without the written consent of the Required Lenders;

and provided, further, that (i) no amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent in addition to the Lenders required above, affect the rights or duties of the Administrative Agent under this Agreement or any other Loan Document; and (ii) the Fee Letter may be amended, or rights or privileges thereunder waived, in a writing executed only by the parties thereto. Notwithstanding anything to the contrary herein, (A) no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and any amendment, waiver or consent which by its terms requires the consent of all Lenders or each affected Lender, may be effected with the consent of the applicable Lenders other than Defaulting Lenders), except that any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that by its terms affects any Defaulting Lender disproportionately adversely relative to other affected Lenders shall require the consent of such Defaulting Lender; (B) each Lender is entitled to vote as such Lender sees fit on any bankruptcy reorganization plan that affects the Loans, and each Lender acknowledges that the provisions of Section 1126(c) of the Bankruptcy Code of the United States supersedes the unanimous consent provisions set forth herein and (C) the Required Lenders shall determine whether or not to allow a Loan Party to use cash collateral in the context of a bankruptcy or insolvency proceeding and such determination shall be binding on all of the Lenders.

Notwithstanding anything to the contrary herein the Administrative Agent may, with the prior written consent of the Borrowers only, amend, modify or supplement this Agreement or any of the other Loan Documents to cure any ambiguity, omission, mistake, defect or inconsistency.

If any Lender does not consent to a proposed amendment, waiver, consent or release with respect to any Loan Document that requires the consent of each Lender and that has been approved by the Required Lenders, the Borrowers may replace such Non-Consenting Lender in accordance with Section 11.13; provided that such amendment, waiver, consent or release can be effected as a result of the assignment contemplated by such Section (together with all other such assignments required by the Borrowers to be made pursuant to this paragraph).

11.02Notices; Effectiveness; Electronic Communications.

(a)Notices Generally. Except in the case of notices and other communications expressly permitted to be given by telephone (and except as provided in subsection (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by fax transmission or e-mail transmission as follows, and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows:

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(i)if to the Borrowers or any other Loan Party, or the Administrative Agent, to the address, fax number, e-mail address or telephone number specified for such Person on Schedule 1.01(a); and

(ii)if to any other Lender, to the address, fax number, e-mail address or telephone number specified in its Administrative Questionnaire (including, as appropriate, notices delivered solely to the Person designated by a Lender on its Administrative Questionnaire then in effect for the delivery of notices that may contain material non-public information relating to the Borrowers).

Notices and other communications sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices and other communications sent by (fax transmission or e-mail transmission shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next Business Day for the recipient). Notices and other communications delivered through electronic communications to the extent provided in subsection (b) below shall be effective as provided in such subsection (b).

(b)Electronic Communications. Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic communication (including e-mail address and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent, provided that the foregoing shall not apply to notices to any Lender pursuant to Article II if such Lender has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. The Administrative Agent or the Borrowers may each, in its or their discretion, agree to accept notices and other communications to it or to them hereunder by electronic communications pursuant to procedures approved by it or them, provided that approval of such procedures may be limited to particular notices or communications.

Unless the Administrative Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail address or other written acknowledgement), and (ii) 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 (i) of notification that such notice or communication is available and identifying the website address therefor; provided that, for both clauses (i) and (ii), if such notice, email or other communication is not sent during the normal business hours of the recipient, such notice, email or communication shall be deemed to have been sent at the opening of business on the next business day for the recipient.

(c)The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWERS MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWERS MATERIALS. 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 BORROWERS MATERIALS OR THE PLATFORM. In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to the

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Borrowers, any Lender, or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of the Borrowers’, any Loan Party’s or the Administrative Agent’s transmission of Borrowers Materials or any other Information through the Internet, telecommunications, electronic or other information transmission systems.

(d)Change of Address, Etc. Each of the Borrowers or the Administrative Agent may change its or their address, fax number or telephone number or e-mail address for notices and other communications hereunder by notice to the other parties hereto. Each other Lender may change its address, fax number or telephone number or e-mail address for notices and other communications hereunder by notice to the Borrowers or the Administrative Agent. In addition, each Lender agrees to notify the Administrative Agent from time to time to ensure that the Administrative Agent has on record (i) an effective address, contact name, telephone number, fax number and e-mail address to which notices and other communications may be sent and (ii) accurate wire instructions for such Lender. Furthermore, each Public Lender agrees to cause at least one (1) individual at or on behalf of such Public Lender to at all times have selected the “Private Side Information” or similar designation on the content declaration screen of the Platform in order to enable such Public Lender or its delegate, in accordance with such Public Lender’s compliance procedures and applicable Law, including United States federal and state securities Laws, to make reference to Borrowers Materials that are not made available through the “Public Side Information” portion of the Platform and that may contain material non-public information with respect to the Borrowers or their securities for purposes of United States federal or state securities laws.

(e)Reliance by Administrative Agent and Lenders. The Administrative Agent and the Lenders shall be entitled to rely and act upon any notices (including telephonic or electronic Loan Notices) purportedly given by or on behalf of any Loan Party even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Loan Parties shall indemnify the Administrative Agent, each Lender and the Related Parties of each of them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of a Loan Party, in each case, except to the extent of the indemnified party’s own gross negligence or willful misconduct. All telephonic notices to and other telephonic communications with the Administrative Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording.

11.03No Waiver; Cumulative Remedies; Enforcement.

No failure by any Lender or the Administrative Agent to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder or under any other Loan Document shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder or under any other Loan Document preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided, and provided under each other Loan Document, are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law.

Notwithstanding anything to the contrary contained herein or in any other Loan Document, the authority to enforce rights and remedies hereunder and under the other Loan Documents against the Loan Parties or any of them shall be vested exclusively in, and all actions and proceedings at law in connection with such enforcement shall be instituted and maintained exclusively by, the Administrative Agent in

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accordance with Section 8.02 for the benefit of all the Lenders; provided, however, that the foregoing shall not prohibit (a) the Administrative Agent from exercising on its own behalf the rights and remedies that inure to its benefit (solely in its capacity as Administrative Agent) hereunder and under the other Loan Documents, (b) any Lender from exercising setoff rights in accordance with Section 11.08 (subject to the terms of Section 2.15), or (c) any Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding relative to any Loan Party under any Debtor Relief Law; and provided, further, that if at any time there is no Person acting as Administrative Agent hereunder and under the other Loan Documents, then (i) the Required Lenders shall have the rights otherwise ascribed to the Administrative Agent pursuant to Section 8.02 and (ii) in addition to the matters set forth in clauses (b) and (c) of the preceding proviso and subject to Section 2.15, any Lender may, with the consent of the Required Lenders, enforce any rights and remedies available to it and as authorized by the Required Lenders.

11.04Expenses; Indemnity; Damage Waiver.

(a)Costs and Expenses. The Loan Parties shall pay (i) all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent and its Affiliates (including the reasonable and documented fees, charges and disbursements of external counsel for the Administrative Agent), in connection with the syndication of the credit facilities provided for herein, the preparation, negotiation, execution, delivery and administration of this Agreement and the other Loan Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent (including the reasonable and documented fees, charges and disbursements of any external counsel for the Administrative Agent), (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with Loans made hereunder, including all such reasonable and documented out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans; provided, that the reimbursement under this clause (ii) shall be limited to the reasonable and documented out-of-pocket costs of one firm of counsel for the Administrative Agent (plus local counsel) and (if applicable and reasonably necessary) one local counsel in each relevant material jurisdiction for Administrative Agent and (iii) after the occurrence and during the continuance of an Event of Default, also all reasonable and documented out-of-pocket expenses incurred by any Lender (including the reasonable and documented fees, charges and disbursements of any external counsel for any Lender), (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with Loans made hereunder, including all such reasonable and documented out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans; provided, that the reimbursement under this clause (iii) shall be limited to the reasonable and documented out-of-pocket costs of one firm of counsel (plus local counsel) for the Lenders, taken as a whole (and, in the case of an actual or perceived conflict of interest, of another firm of counsel for such affected Lender, as applicable) and (if applicable and reasonably necessary) one local counsel in each relevant material jurisdiction for the Lenders).

(b)Indemnification by the Loan Parties. The Loan Parties shall indemnify the Administrative Agent (and any sub-agent thereof) and each Lender, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all actual and documented out-of-pocket losses, claims, damages, liabilities and related expenses (including the reasonable and documented fees, charges and disbursements of any external counsel for any Indemnitee provided that the same shall be

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limited to the reasonable and documented out-of-pocket costs of one firm of counsel (plus local counsel) to all Lenders (and, in the case of an actual or perceived conflict of interest, of another firm of counsel for such affected Lender) and (if applicable and reasonably necessary) and one firm of counsel (plus local counsel) to Administrative Agent and (if applicable and reasonably necessary) one local counsel in each relevant material jurisdiction for all Lenders and one local counsel in each relevant material jurisdiction for Administrative Agent and, solely in the case of a conflict of interest between Lenders, one additional primary counsel and (if applicable and reasonably necessary) one local counsel in each relevant material jurisdiction for each group of affected Lenders similarly situated and taken as a whole), incurred by any Indemnitee or asserted against any Indemnitee by any Person (including the Borrowers or any other Loan Party) arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents (including in respect of any matters addressed in Section 3.01), (ii) the Term Loans or the use or proposed use of the proceeds therefrom, (iii) any actual or alleged presence or release of Hazardous Materials on or from any property owned or operated by a Loan Party or any of its Subsidiaries, or any Environmental Liability related in any way to a Loan Party or any of its Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee, or (y) result from a claim brought by the Borrowers or any other Loan Party against an Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if the Borrowers or such Loan Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction or (z) arise out of any claim, litigation, investigation or proceeding brought by such Indemnitee solely against another Indemnitee (other than any claim, litigation, investigation or proceeding that is brought by or against Administrative Agent, acting in its capacity as Administrative Agent) that does not involve any act or omission of a Loan Party. Without limiting the provisions of Section 3.01(c), this Section 11.04(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

(c)Reimbursement by Lenders. To the extent that the Loan Parties for any reason fail to indefeasibly pay any amount required under subsection (a) or (b) of this Section to be paid by it to the Administrative Agent (or any sub-agent thereof) or any Related Party of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent) or such Related Party, as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought based on each Lender’s share of the aggregate outstanding principal amount of the Term Loans at such time) of such unpaid amount (including any such unpaid amount in respect of a claim asserted by such Lender), such payment to be made severally among them based on such Lender’s pro rata share of the Term Loans (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought), provided, further that, the unreimbursed expense or indemnified

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loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any such sub-agent), in its capacity as such, or against any Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent), in connection with such capacity. The obligations of the Lenders under this subsection (c) are subject to the provisions of Section 2.14(d).

(d)Waiver of Consequential Damages, Etc. To the fullest extent permitted by applicable Law, no party hereto shall assert, and each party hereto hereby waives, and acknowledges that no other Person shall have, any claim against any other party hereto, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, the Term Loans or the use of the proceeds thereof. No Indemnitee referred to in subsection (b) above shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed to such unintended recipients by such Indemnitee through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby other than for direct or actual damages resulting from the gross negligence or willful misconduct of such Indemnitee as determined by a final and nonappealable judgment of a court of competent jurisdiction.

(e)Payments. All amounts due under this Section shall be payable not later than twenty (20) days after demand therefor.

(f)Survival. The agreements in this Section and the indemnity provisions of Section 11.02(e) shall survive the resignation of the Administrative Agent, the replacement of any Lender, the termination of the Aggregate Commitments and the repayment, satisfaction or discharge of all the other Obligations.

11.05Payments Set Aside.

To the extent that any payment by or on behalf of the Borrowers is made to the Administrative Agent or any Lender, or the Administrative Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by the Administrative Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by the Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under clause (b) of the preceding sentence shall survive the payment in full of the Obligations and the termination of this Agreement.

11.06Successors and Assigns.

(a)Successors and Assigns Generally. The provisions of this Agreement and the other Loan Documents shall be binding upon and inure to the benefit of the parties hereto and

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thereto and their respective successors and assigns permitted hereby, except neither the Borrowers nor any other Loan Party may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of subsection (b) of this Section, (ii) by way of participation in accordance with the provisions of subsection (d) of this Section, or (iii) by way of pledge or assignment of a security interest subject to the restrictions of subsection (f) of this Section (and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in subsection (d) of this Section and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

(b)Assignments by Lenders. Any Lender may at any time assign to one or more assignees all or a portion of its rights and obligations under this Agreement and the other Loan Documents (including all or a portion of its Term Loan at the time owing to it); provided that any such assignment shall be subject to the following conditions:

(i)Minimum Amounts.

(A)in the case of an assignment of the entire remaining amount of the assigning Lender’s Term Loans at the time owing to it or contemporaneous assignments to related Approved Funds that equal at least the amount specified in subsection (b)(i)(B) of this Section in the aggregate or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and

(B)in any case not described in subsection (b)(i)(A) of this Section, the principal outstanding balance of the Term Loan of the assigning Lender subject to each such assignment, determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date, shall not be less than $5,000,000, unless each of the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Borrowers otherwise consent (each such consent not to be unreasonably withheld or delayed).

(ii)Proportionate Amounts. Each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement and the other Loan Documents with respect to the Term Loan assigned.

(iii)Required Consents. No consent shall be required for any assignment except (A) to the extent required by subsection (b)(i)(B) of this Section and (B) the consent of the Borrowers (such consent not to be unreasonably withheld or delayed) shall be required unless (1) an Event of Default has occurred and is continuing at the time of such assignment or (2) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund; provided that the Borrowers shall be deemed to have consented to any

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such assignment unless it shall object thereto by written notice to the Administrative Agent within five (5) Business Days after having received notice thereof.

(iv)Assignment and Assumption. The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee in the amount of $3,500; provided, however, that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment. The assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire.

(v)No Assignment to Certain Persons. No such assignment shall be made (A) to the Borrowers or any of the Borrowers’ Affiliates or Subsidiaries, (B) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons described in this clause (B), (C) to a natural Person, (D) to any Person if such Person would be entitled to receive any greater payment under Section 3.01 or Section 3.04, with respect to such assigned rights and obligations, than the Lender from whom it acquired the applicable rights and obligations would have been entitled to receive, or (E) the Persons set forth on Schedule 11.06(b) as of the Restatement Closing Date and their respective Affiliates.

(vi)Certain Additional Payments. In connection with any assignment of rights and obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with the consent of the Borrowers and the Administrative Agent, the applicable pro rata share of the Term Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent or any Lender hereunder (and interest accrued thereon), Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable Law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs.

Subject to acceptance and recording thereof by the Administrative Agent pursuant to subsection (c) of this Section, from and after the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 3.01, 3.04, 3.05 and 11.04 with respect to facts and circumstances occurring prior to the effective date of such assignment); provided, that except to the extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. Upon request, the Borrowers (at their expense) shall execute and deliver a Note to the assignee Lender. Any assignment or transfer by a Lender

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of rights or obligations under this Agreement that does not comply with this subsection shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with subsection (d) of this Section.

(c)Register. The Administrative Agent, acting solely for this purpose as an agent of the Borrowers (and such agency being solely for tax purposes), shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption delivered to it (or the equivalent thereof in electronic form) and a register for the recordation of the names and addresses of the Lenders, and the principal amounts (and stated interest) of the Term Loans owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive, absent manifest error, and the Borrowers, the Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement. The Register shall be available for inspection by the Borrowers and any Lender, at any reasonable time and from time to time upon reasonable prior notice.

(d)Participations. Any Lender may at any time, without the consent of, or notice to, the Borrowers or the Administrative Agent, sell participations to any Person (other than a natural Person, a Defaulting Lender or the Borrowers or any of the Borrowers’ Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Term Loan; provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the Borrowers, the Administrative Agent and the Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. For the avoidance of doubt, each Lender shall be responsible for the indemnity under Section 11.04(c) without regard to the existence of any participations.

Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, waiver or other modification described in the first proviso to Section 11.01 that affects such Participant. The Borrowers agree that each Participant shall be entitled to the benefits of Sections 3.01, 3.04 and 3.05 (subject to the requirements and limitations therein, including the requirements under Section 3.01(e) (it being understood that the documentation required under Section 3.01(e) shall be delivered to the Lender who sells the participation)) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to subsection (b) of this Section; provided that such Participant (A) agrees to be subject to the provisions of Sections 3.06 and 11.13 as if it were an assignee under subsection (b) of this Section and (B) shall not be entitled to receive any greater payment under Sections 3.01, 3.04 or 3.05, with respect to any participation, than the Lender from whom it acquired the applicable participation would have been entitled to receive, except to the extent such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation. Each Lender that sells a participation agrees, at the Borrowers’ request and expense, to use reasonable efforts to cooperate with the Borrowers to effectuate the provisions of Section 3.06 with respect to any Participant. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 11.08 as though it were a Lender; provided that such Participant agrees to be subject to Section 2.15 as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as an agent of

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the Borrowers, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under the Loan Documents (the “Participant Register”); provided 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’s interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register.

(e)Certain Pledges. Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement (including under its Note or Notes, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided 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.

11.07Treatment of Certain Information; Confidentiality.

(a)Treatment of Certain Information. Each of the Administrative Agent and the Lenders agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (i) to its Affiliates and to its Related Parties (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and will agree to keep such Information confidential on substantially the same terms as the terms hereof), (ii) to the extent required or requested by any regulatory authority purporting to have jurisdiction over such Person or its Related Parties (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (iii) to the extent required by applicable Laws or regulations or by any subpoena or similar legal process, (iv) to any other party hereto, (v) to the extent reasonably necessary 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, (vi) subject to an agreement containing provisions substantially the same as those of this Section, to (A) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights and obligations under this Agreement or (B) any actual or prospective party (or its Related Parties) to any swap, derivative or other transaction under which payments are to be made by reference to the Borrowers and their obligations, this Agreement or payments hereunder, (vii) on a confidential basis to (A) any rating agency in connection with rating the Borrowers or their Subsidiaries or the credit facilities provided hereunder or (B) the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers or other market identifiers with respect to the credit facilities provided hereunder, or (viii) with the consent of the Borrowers or to the extent such Information (1) becomes publicly available other than as a result of a breach of this Section or (2) becomes available to the Administrative Agent, any Lender or any of their respective Affiliates on a nonconfidential basis from a source other than the Borrowers. For purposes of this Section, “Information” means all information received from the Borrowers or any Subsidiary relating to

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the Borrower or any Subsidiary or any of their respective businesses, other than any such information that is available to the Administrative Agent or any Lender on a nonconfidential basis prior to disclosure by the Borrower or any Subsidiary. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information.

(b)Non-Public Information. Each of the Administrative Agent and the Lenders acknowledges that (i) the Information may include material non-public information concerning a Loan Party or a Subsidiary, as the case may be, (ii) it has developed compliance procedures regarding the use of material non-public information and (iii) it will handle such material non-public information in accordance with applicable Law, including United States federal and state securities Laws.

(c)Press Releases. The Loan Parties and their Affiliates agree that they will not in the future issue any press releases or other public disclosure using the name of the Administrative Agent or any Lender or their respective Affiliates or referring to this Agreement or any of the Loan Documents without the prior written consent of the Administrative Agent (such consent not to be unreasonably withheld, conditioned or delayed), unless (and only to the extent that) the Loan Parties or such Affiliate is required to do so under law and then, in any event the Loan Parties or such Affiliate will consult with such Person before issuing such press release or other public disclosure.

(d)Customary Advertising Material. The Loan Parties consent to the publication by the Administrative Agent or any Lender of customary advertising material relating to the transactions contemplated hereby using the name, product photographs, logo or trademark of the Loan Parties; provided that any such trademarks or logos are used solely in a manner that is not intended to or reasonably likely to harm or disparage the Loan Parties or any of their Subsidiaries or the reputation or goodwill of any of them. Such consent shall remain effective until revoked by such Loan Party in writing to the Administrative Agent

11.08Right of Setoff.

If an Event of Default shall have occurred and be continuing, each Lender and each of their respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by applicable Law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by such Lender or any such Affiliate to or for the credit or the account of the Borrowers or any other Loan Party against any and all of the Obligations of the Borrowers or such Loan Party now or hereafter existing and then due and owing under this Agreement or any other Loan Document to such Lender or their respective Affiliates, irrespective of whether or not such Lender or Affiliate shall have made any demand under this Agreement or any other Loan Document and although such obligations of the Borrowers or such Loan Party may be contingent or unmatured, secured or unsecured, or are owed to a branch, office or Affiliate of such Lender different from the branch, office or Affiliate holding such deposit or obligated on such indebtedness; provided that in the event that any Defaulting Lender shall exercise any such right of setoff, (a) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 2.17 and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent and the Lenders, and (b) the

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Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the Secured Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. The rights of each Lender and their respective Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender or their respective Affiliates may have. Each Lender agrees to notify the Borrower and the Administrative Agent promptly after any such setoff and application, provided that the failure to give such notice shall not affect the validity of such setoff and application.

11.09Interest Rate Limitation.

Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If the Administrative Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrowers. In determining whether the interest contracted for, charged, or received by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable Law, (a) characterize any payment that is not principal as an expense, fee, or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder.

11.10Counterparts; Integration; Effectiveness.

This Agreement and each of the other Loan Documents may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement, the other Loan Documents, and any separate letter agreements with respect to fees payable to the Administrative Agent, constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Except as provided in Section 4.01, this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto. Delivery of an executed counterpart of a signature page of this Agreement or any other Loan Document, or any certificate delivered thereunder, by fax transmission or e-mail transmission (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Agreement or such other Loan Document or certificate. Without limiting the foregoing, to the extent a manually executed counterpart is not specifically required to be delivered under the terms of any Loan Document, upon the request of any party, such fax transmission or e-mail transmission shall be promptly followed by such manually executed counterpart. Banc of California may also execute this Agreement by electronic signature, whether digital or encrypted, which shall be considered as an original signature for all purposes and shall have the same force and effect as an original signature. Without limitation, “electronic signature” shall include DocuSign signature, faxed or emailed versions of an original signature or electronically scanned and transmitted versions of an original signature, 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 record keeping system, as the case may be, to the extent and as provided for in any applicable law, including Electronic Signatures in Global and National Commerce Act, the California Uniform Electronic Transaction Act any other similar state laws based on the Uniform Electronic Transactions Act or the Uniform Commercial Code, and the parties hereto hereby waive any objection to the contrary.

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11.11Survival of Representations and Warranties.

All representations and warranties made hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties have been or will be relied upon by the Administrative Agent and each Lender, regardless of any investigation made by the Administrative Agent or any Lender or on their behalf and notwithstanding that the Administrative Agent or any Lender may have had notice or knowledge of any Default at any time. Such representations and warranties shall continue in full force and effect on each date made or deemed made pursuant to this Agreement or any other Loan Document as long as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied.

11.12Severability.

If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. Without limiting the foregoing provisions of this Section, if and to the extent that the enforceability of any provisions in this Agreement relating to Defaulting Lenders shall be limited by Debtor Relief Laws, as determined in good faith by the Administrative Agent, then such provisions shall be deemed to be in effect only to the extent not so limited.

11.13Replacement of Lenders.

If the Borrowers are entitled to request a designation or assignment of a Lender pursuant to the provisions of Section 3.06, or if any Lender is a Defaulting Lender or a Non-Consenting Lender, or if any Lender demands payment under Sections 3.01, 3.04 or 3.05, or if any other circumstance exists hereunder that gives the Borrowers the right to replace a Lender as a party hereto, then the Borrowers may, at their sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by Section 11.06), all of its interests, rights (other than its existing rights to payments pursuant to Sections 3.01 and 3.04) and obligations under this Agreement and the related Loan Documents to an Eligible Assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment), provided that:

(a)the Borrowers shall have paid to the Administrative Agent the assignment fee (if any) specified in Section 11.06(b)(iv);

(b)such Lender shall have received payment of an amount equal to 100% of the outstanding principal of its Term Loan, accrued interest thereon, and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under Section 3.05) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrowers (in the case of all other amounts);

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(c)in the case of any such assignment resulting from a claim for compensation under Section 3.04 or payments required to be made pursuant to Section 3.01, such assignment will result in a reduction in such compensation or payments thereafter;

(d)such assignment does not conflict with applicable Laws; and

(e)in the case of an assignment resulting from a Lender becoming a Non-Consenting Lender, the applicable assignee shall have consented to the applicable amendment, waiver or consent.

A Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrowers to require such assignment and delegation cease to apply.

11.14Governing Law; Jurisdiction; Etc.

(a)GOVERNING LAW. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS (EXCEPT, AS TO ANY OTHER LOAN DOCUMENT, AS EXPRESSLY SET FORTH THEREIN) AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT (EXCEPT, AS TO ANY OTHER LOAN DOCUMENT, AS EXPRESSLY SET FORTH THEREIN) AND THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF CALIFORNIA.

(b)SUBMISSION TO JURISDICTION. THE BORROWERS AND EACH OTHER LOAN PARTY IRREVOCABLY AND UNCONDITIONALLY AGREE THAT THEY WILL NOT COMMENCE ANY ACTION, LITIGATION OR PROCEEDING OF ANY KIND OR DESCRIPTION, WHETHER IN LAW OR EQUITY, WHETHER IN CONTRACT OR IN TORT OR OTHERWISE, AGAINST THE ADMINISTRATIVE 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 CALIFORNIA SITTING IN THE COUNTY OF LOS ANGELES AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF CALIFORNIA, AND ANY APPELLATE COURT FROM ANY THEREOF, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE JURISDICTION OF SUCH COURTS AND AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION, LITIGATION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH CALIFORNIA STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION, LITIGATION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT OR ANY LENDER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST THE

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BORROWERS OR ANY OTHER LOAN PARTY OR ITS OR THEIR PROPERTIES IN THE COURTS OF ANY JURISDICTION.

(c)WAIVER OF VENUE. THE BORROWERS AND EACH OTHER LOAN PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVE, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT THEY MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN SUBSECTION (b) OF THIS SECTION. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT.

(d)SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 11.02. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW.

11.15Waiver of Jury Trial.

EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (a) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (b) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

IN THE EVENT ANY LEGAL PROCEEDING IS FILED IN A COURT OF THE STATE OF CALIFORNIA (THE “COURT”) BY OR AGAINST ANY PARTY HERETO IN CONNECTION WITH ANY CLAIM AND THE WAIVER SET FORTH ABOVE IS NOT ENFORCEABLE IN SUCH PROCEEDING, THE PARTIES HERETO AGREE AS FOLLOWS:

WITH THE EXCEPTION OF THE MATTERS SPECIFIED IN THE IMMEDIATELY SUCCEEDING PARAGRAPH BELOW, ANY CLAIM SHALL BE DETERMINED BY A GENERAL REFERENCE PROCEEDING IN ACCORDANCE WITH THE PROVISIONS OF CALIFORNIA CODE OF CIVIL PROCEDURE SECTIONS 638 THROUGH 645.1. THE PARTIES INTEND THIS GENERAL REFERENCE AGREEMENT TO BE SPECIFICALLY ENFORCEABLE. VENUE FOR THE REFERENCE PROCEEDING SHALL BE IN THE COUNTY OF LOS ANGELES, CALIFORNIA.

THE FOLLOWING MATTERS SHALL NOT BE SUBJECT TO A GENERAL REFERENCE PROCEEDING: (A) NON-JUDICIAL FORECLOSURE OF ANY SECURITY INTERESTS IN REAL

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OR PERSONAL PROPERTY, (B) EXERCISE OF SELF-HELP REMEDIES (INCLUDING SET-OFF OR RECOUPMENT), (C) APPOINTMENT OF A RECEIVER, AND (D) TEMPORARY, PROVISIONAL, OR ANCILLARY REMEDIES (INCLUDING WRITS OF ATTACHMENT, WRITS OF POSSESSION, TEMPORARY RESTRAINING ORDERS, OR PRELIMINARY INJUNCTIONS). THIS AGREEMENT DOES NOT LIMIT THE RIGHT OF ANY PARTY TO EXERCISE OR OPPOSE ANY OF THE RIGHTS AND REMEDIES DESCRIBED IN CLAUSES (A) - (D) AND ANY SUCH EXERCISE OR OPPOSITION DOES NOT WAIVE THE RIGHT OF ANY PARTY TO PARTICIPATE IN A REFERENCE PROCEEDING PURSUANT TO THIS AGREEMENT WITH RESPECT TO ANY OTHER MATTER.

UPON THE WRITTEN REQUEST OF ANY PARTY, THE PARTIES SHALL SELECT A SINGLE REFEREE, WHO SHALL BE A RETIRED JUDGE OR JUSTICE. IF THE PARTIES DO NOT AGREE UPON A REFEREE WITHIN 10 DAYS OF SUCH WRITTEN REQUEST, THEN, ANY PARTY SHALL HAVE THE RIGHT TO REQUEST THE COURT TO APPOINT A REFEREE PURSUANT TO CALIFORNIA CODE OF CIVIL PROCEDURE SECTION 640(B). THE REFEREE SHALL BE APPOINTED TO SIT WITH ALL OF THE POWERS PROVIDED BY LAW. PENDING APPOINTMENT OF THE REFEREE, THE COURT SHALL HAVE THE POWER TO ISSUE TEMPORARY OR PROVISIONAL REMEDIES.

EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, THE REFEREE SHALL DETERMINE THE MANNER IN WHICH THE REFERENCE PROCEEDING IS CONDUCTED INCLUDING THE TIME AND PLACE OF HEARINGS, THE ORDER OF PRESENTATION OF EVIDENCE, AND ALL OTHER QUESTIONS THAT ARISE WITH RESPECT TO THE COURSE OF THE REFERENCE PROCEEDING. ALL PROCEEDINGS AND HEARINGS CONDUCTED BEFORE THE REFEREE, EXCEPT FOR TRIAL, SHALL BE CONDUCTED WITHOUT A COURT REPORTER, EXCEPT WHEN ANY PARTY SO REQUESTS A COURT REPORTER AND A TRANSCRIPT IS ORDERED, A COURT REPORTER SHALL BE USED AND THE REFEREE SHALL BE PROVIDED A COURTESY COPY OF THE TRANSCRIPT. THE PARTY MAKING SUCH REQUEST SHALL HAVE THE OBLIGATION TO ARRANGE FOR AND PAY THE COSTS OF THE COURT REPORTER, PROVIDED THAT SUCH COSTS, ALONG WITH THE REFEREE’S FEES, SHALL ULTIMATELY BE BORNE BY THE PARTY WHO DOES NOT PREVAIL, AS DETERMINED BY THE REFEREE.

THE REFEREE MAY REQUIRE ONE OR MORE PREHEARING CONFERENCES. THE PARTIES HERETO SHALL BE ENTITLED TO DISCOVERY, AND THE REFEREE SHALL OVERSEE DISCOVERY IN ACCORDANCE WITH THE RULES OF DISCOVERY, AND SHALL ENFORCE ALL DISCOVERY ORDERS IN THE SAME MANNER AS ANY TRIAL COURT JUDGE IN PROCEEDINGS AT LAW IN THE STATE OF CALIFORNIA.

THE REFEREE SHALL APPLY THE RULES OF EVIDENCE APPLICABLE TO PROCEEDINGS AT LAW IN THE STATE OF CALIFORNIA AND SHALL DETERMINE ALL ISSUES IN ACCORDANCE WITH CALIFORNIA SUBSTANTIVE AND PROCEDURAL LAW. THE REFEREE SHALL BE EMPOWERED TO ENTER EQUITABLE AS WELL AS LEGAL RELIEF AND RULE ON ANY MOTION WHICH WOULD BE AUTHORIZED IN A TRIAL, INCLUDING MOTIONS FOR DEFAULT JUDGMENT OR SUMMARY JUDGMENT. THE REFEREE SHALL REPORT HIS OR HER DECISION, WHICH REPORT SHALL ALSO INCLUDE FINDINGS OF FACT AND CONCLUSIONS OF LAW. THE REFEREE SHALL ISSUE A DECISION AND PURSUANT TO CALIFORNIA CODE OF CIVIL PROCEDURE, SECTION 644, THE REFEREE’S DECISION SHALL BE ENTERED BY THE COURT AS A JUDGMENT IN THE SAME MANNER AS IF THE ACTION HAD BEEN TRIED BY THE COURT. THE FINAL JUDGMENT OR ORDER

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FROM ANY APPEALABLE DECISION OR ORDER ENTERED BY THE REFEREE SHALL BE FULLY APPEALABLE AS IF IT HAS BEEN ENTERED BY THE COURT.

THE PARTIES RECOGNIZE AND AGREE THAT ALL CLAIMS RESOLVED IN A GENERAL REFERENCE PROCEEDING PURSUANT HERETO WILL BE DECIDED BY A REFEREE AND NOT BY A JURY. AFTER CONSULTING (OR HAVING HAD THE OPPORTUNITY TO CONSULT) WITH COUNSEL OF THEIR OWN CHOICE, EACH PARTY HERETO KNOWINGLY AND VOLUNTARILY AND FOR THEIR MUTUAL BENEFIT AGREES THAT THIS REFERENCE PROVISION SHALL APPLY TO ANY DISPUTE BETWEEN THEM THAT ARISES OUT OF OR IS RELATED TO THIS AGREEMENT OR THE OTHER LOAN DOCUMENTS.

11.16Subordination.

Each Loan Party (a “Subordinating Loan Party”) hereby subordinates the payment of all obligations and indebtedness of any other Loan Party owing to it, whether now existing or hereafter arising, including any obligation of any such other Loan Party to the Subordinating Loan Party as subrogee of the Secured Parties or resulting from such Subordinating Loan Party’s performance under this Guaranty, to the indefeasible payment in full in cash of all Obligations. If the Secured Parties so request, any such obligation or indebtedness of any such other Loan Party to the Subordinating Loan Party shall be enforced and performance received by the Subordinating Loan Party as trustee for the Secured Parties and the proceeds thereof shall be paid over to the Secured Parties on account of the Secured Obligations, but without reducing or affecting in any manner the liability of the Subordinating Loan Party under this Agreement. Without limitation of the foregoing, so long as no Event of Default has occurred and is continuing, the Loan Parties may make and receive payments with respect to Intercompany Debt; provided, that in the event that any Loan Party receives any payment of any Intercompany Debt at a time when such payment is prohibited by this Section, such payment shall be held by such Loan Party, in trust for the benefit of, and shall be paid forthwith over and delivered, upon written request, to the Administrative Agent.

11.17No Advisory or Fiduciary Responsibility.

In connection with all aspects of each transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof or of any other Loan Document), the Borrowers and each other Loan Party acknowledge and agree, and acknowledge their Affiliates’ understanding, that: (a) (i) the arranging and other services regarding this Agreement provided by the Administrative Agent and any Affiliate thereof, the Arranger and the Lenders are arm’s-length commercial transactions between the Borrowers, each other Loan Party and their respective Affiliates, on the one hand, and the Administrative Agent and, as applicable, its Affiliates and the Lenders and their Affiliates (collectively, solely for purposes of this Section, the “Lenders”), on the other hand, (ii) each of the Borrowers and the other Loan Parties has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (iii) each of the Borrowers and each other Loan Party is capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents; (b) (i) the Administrative Agent and its Affiliates and each Lender each is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary, for the Borrowers, any other Loan Party or any of their respective Affiliates, or any other Person and (ii) neither the Administrative Agent, any of its Affiliates nor any Lender has any obligation to the Borrowers, any other Loan Party or any of their respective Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents;

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and (c) the Administrative Agent and its Affiliates and the Lenders may be engaged in a broad range of transactions that involve interests that differ from those of the Borrowers, the other Loan Parties and their respective Affiliates, and neither the Administrative Agent, any of its Affiliates nor any Lender has any obligation to disclose any of such interests to the Borrowers, any other Loan Party or any of their respective Affiliates. To the fullest extent permitted by law, each of the Borrowers and each other Loan Party hereby waives and releases any claims that it may have against the Administrative Agent, any of its Affiliates or any Lender with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transactions contemplated hereby.

11.18Electronic Execution of Assignments and Certain Other Documents.

The words “execute,” “execution,” “signed,” “signature,” and words of like import in any Assignment and Assumption or in any amendment or other modification hereof (including waivers and consents) shall be deemed to include electronic signatures, the electronic matching of assignment terms and contract formations on electronic platforms approved by the Administrative Agent, or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable Law, including the Federal Electronic Signatures in Global and National Commerce Act, California’s Uniform Electronic Transactions Act, or any other similar state laws based on the Uniform Electronic Transactions Act.

11.19USA PATRIOT Act Notice.

Each Lender that is subject to the Act (as hereinafter defined) and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Borrower and the other Loan Parties that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is required to obtain, verify and record information that identifies each Loan Party, which information includes the name and address of each Loan Party and other information that will allow such Lender or the Administrative Agent, as applicable, to identify each Loan Party in accordance with the Act. The Borrowers and the other Loan Parties agree to, promptly following a request by the Administrative Agent or any Lender, provide all such other documentation and information that the Administrative Agent or such Lender requests in order to comply with its ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the Act.

11.20Borrowing Agency Provisions.

(a)Each Borrower hereby irrevocably designates Borrowing Agent to be its attorney and agent and in such capacity, whether verbally, in writing or through electronic methods to (i) borrow, (ii) sign and endorse notes, (iii) execute and deliver all instruments, documents, applications, security agreements, and all other certificates, notices, writings and further assurances now or hereafter required hereunder, (iv) make elections regarding interest rates, and (v) otherwise take action under and in connection with this Agreement and the other Loan Documents, all on behalf of and in the name such Borrower or the Borrowers, and hereby authorizes the Administrative Agent to pay over or credit all loan proceeds hereunder in accordance with the request of Borrowing Agent.

(b)The handling of this credit facility as a co-borrowing facility with a borrowing agent in the manner set forth in this Agreement is solely as an accommodation to the Borrowers and at their request. Neither the Administrative Agent nor any Lender shall incur liability to the

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Borrowers as a result thereof. To induce the Administrative Agent and the Lenders to do so and in consideration thereof, each Borrower hereby indemnifies the Administrative Agent and each Lender and holds the Administrative Agent and each Lender harmless from and against any and all liabilities, expenses, losses, damages and claims of damage or injury asserted against the Administrative Agent or any Lender by any Person arising from or incurred by reason of the handling of the financing arrangements of the Borrowers as provided herein, the reliance by the Administrative Agent or any Lender on any request or instruction from Borrowing Agent to the Administrative Agent or any other action taken by the Administrative Agent or any Lender with respect to this Section 11.20 except due to willful misconduct or gross (not mere) negligence by the indemnified party (as determined by a court of competent jurisdiction in a final and non-appealable judgment).

(c)All Obligations shall be joint and several, and each Borrower shall make payment upon the maturity of the Obligations by acceleration or otherwise, and such obligation and liability on the part of each Borrower shall in no way be affected by any extensions, renewals and forbearance granted by the Administrative Agent or any Lender to any Borrower, the failure of the Administrative Agent or any Lender to give any Borrower notice of borrowing or any other notice, any failure of the Administrative Agent or any Lender to pursue or preserve its rights against any Borrower, the release by the Administrative Agent or any Lender of any Collateral now or thereafter acquired from any Borrower, and such agreement by each Borrower to pay upon any notice issued pursuant thereto is unconditional and unaffected by prior recourse by the Administrative Agent or any Lender to the other Borrowers or any Collateral for such Borrower’s Obligations or the lack thereof. Each Borrower waives all suretyship defenses.

11.21Waiver of Subrogation.

Each Borrower expressly waives any and all rights of subrogation, reimbursement, indemnity, exoneration, contribution of any other claim which such Borrower may now or hereafter have against the other Borrowers or any other Person directly or contingently liable for the Obligations hereunder, or against or with respect to any other Borrowers’ property (including any property which is Collateral for the Obligations), arising from the existence or performance of this Agreement, until termination of this Agreement and repayment in full of the Obligations.

11.22Amendment and Restatement; No Novation.

Borrowers, Secured Guarantors, the Lenders and Administrative Agent hereby agree that, effective upon the execution and delivery of this Agreement by each such party, the terms and provisions of the Original Credit Agreements shall be and hereby are amended, restated and superseded in their entirety by the terms and provisions of this Agreement. Nothing herein contained shall be construed as a substitution or novation of the obligations of Borrowers and Secured Guarantors outstanding under the Original Credit Agreements or instruments securing the same, which obligations shall remain in full force and effect, except to the extent that the terms thereof are modified hereby or by instruments executed concurrently herewith. Nothing expressed or implied in this Agreement shall be construed as a release or other discharge of Borrowers, Secured Guarantors, or any other guarantor from any of its obligations or liabilities under the Original Credit Agreements or any of the security agreements, pledge agreements, mortgages, guaranties or other Loan Documents executed in connection therewith. Borrower and Secured Guarantors hereby (i) confirm and agree that each Loan Document to which it is a party is, and shall continue to be, in full force and effect and is hereby ratified and confirmed in all respects except that on and after the Restatement Closing Date all references in any such Loan Document to “the Credit Agreement”, “thereto”, “thereof”, “thereunder” or words of like import referring to the Original Credit

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Agreements shall mean the Original Credit Agreements as amended and restated by this Agreement; and (ii) confirms and agrees that to the extent that the Original Credit Agreements or any Loan Document executed in connection therewith purports to collaterally assign or pledge to Administrative Agent for the benefit of the Lenders, or to grant to the Administrative Agent for the benefit of the Lenders, a security interest in or lien on, any collateral as security for the Obligations from time to time existing in respect of the Original Credit Agreements, such pledge, collateral assignment or grant of the security interest or lien is hereby ratified and confirmed in all respects as a collateral assignment, pledge or grant to Administrative Agent for the benefit of the Lenders, and shall remain effective as of the first date it became effective.

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the date first above written.

BORROWERS: BRPI ACQUISITION CO LLC,

a Delaware limited liability company

By: /s/ Ananth Veluppillai

Name: Ananth Veluppillai

Title: President

UNITED ONLINE, INC.,

a Delaware corporation

By: /s/ Ananth Veluppillai

Name: Ananth Veluppillai

Title: President

YMAX CORPORATION,

a Delaware corporation

By: /s/ Ananth Veluppillai

Name: Ananth Veluppillai

Title: President

LINGO MANAGEMENT, LLC,

a Delaware limited liability company

By: /s/ Ananth Veluppillai

Name: Ananth Veluppillai

Title: Chief Executive Officer

Amended and Restated Credit Agreement

SECURED GUARANTORS: NETZERO, INC.,

a Delaware corporation

By: /s/ Ananth Veluppillai

Name: Ananth Veluppillai

Title: President

JUNO ONLINE SERVICES, INC.,

a Delaware corporation

By: /s/ Ananth Veluppillai

Name: Ananth Veluppillai

Title: President

JUNO INTERNET SERVICES, INC.,

a Delaware corporation

By: /s/ Ananth Veluppillai

Name: Ananth Veluppillai

Title: President

CLASSMATES MEDIA CORPORATION,

a Delaware corporation

By: /s/ Ananth Veluppillai

Name: Ananth Veluppillai

Title: President

NETZERO MODECOM, INC.,

a Delaware corporation

By: /s/ Ananth Veluppillai

Name: Ananth Veluppillai

Title: President

Amended and Restated Credit Agreement

UNITED ONLINE ADVERTISING NETWORK, INC.,

a Delaware corporation

By: /s/ Ananth Veluppillai

Name: Ananth Veluppillai

Title: President

UNITED ONLINE WEB SERVICES, INC.,

a Delaware corporation

By: /s/ Ananth Veluppillai

Name: Ananth Veluppillai

Title: President

MAGICJACK HOLDINGS CORPORATION,

a Delaware corporation

By: /s/ Ananth Veluppillai

Name: Ananth Veluppillai

Title: President

MAGICJACK VOiP SERVICES, LLC,

a Delaware limited liability company

By: /s/ Ananth Veluppillai

Name: Ananth Veluppillai

Title: President

Amended and Restated Credit Agreement

MAGICJACK LP,

a Delaware limited partnership

By: MAGICJACK HOLDINGS CORPORATION,

its General Partner

By: /s/ Ananth Veluppillai

Name: Ananth Veluppillai

Title: President

YMAX COMMUNICATIONS CORP. OF VIRGINIA,

a Virginia corporation

By: /s/ Ananth Veluppillai

Name: Ananth Veluppillai

Title: President

MAGICJACK SMB, INC.,

a Florida corporation

By: /s/ Ananth Veluppillai

Name: Ananth Veluppillai

Title: President

MARCONI WIRELESS HOLDINGS, LLC,

a Delaware limited liability company

By: /s/ Ananth Veluppillai

Name: Ananth Veluppillai

Title: President

BULLSEYE TELECOM, LLC,

a Michigan limited liability company

By: /s/ Ananth Veluppillai

Name: Ananth Veluppillai

Title: Chief Executive Officer

Amended and Restated Credit Agreement

BULLSEYE BUSINESS SOLUTIONS HOLDINGS, LLC,

a Michigan limited liability company

By: /s/ Ananth Veluppillai

Name: Ananth Veluppillai

Title: Chief Executive Officer

BANDWAVE SYSTEMS, L.L.C.,

a Pennsylvania limited liability company

By: /s/ Ananth Veluppillai

Name: Ananth Veluppillai

Title: Chief Executive Officer

BULLSEYE TELECOM OF VIRGINIA, LLC,

a Virginia limited liability company

By: /s/ Ananth Veluppillai

Name: Ananth Veluppillai

Title: Chief Executive Officer

LINGO TELECOM OF THE WEST, LLC,

a Delaware limited liability company

By: /s/ Ananth Veluppillai

Name: Ananth Veluppillai

Title: Chief Executive Officer

IMPACT ACQUISITION, LLC,

a Delaware limited liability company

By: /s/ Ananth Veluppillai

Name: Ananth Veluppillai

Title: Chief Executive Officer

Amended and Restated Credit Agreement

LINGO TELECOM, LLC,

a Texas limited liability company

By: /s/ Ananth Veluppillai

Name: Ananth Veluppillai

Title: Chief Executive Officer

LINGO TELECOM OF VIRGINIA, LLC,

a Virginia limited liability company

By: /s/ Ananth Veluppillai

Name: Ananth Veluppillai

Title: Chief Executive Officer

LINGO COMMUNICATIONS OF KENTUCKY, LLC,

a Georgia limited liability company

By: /s/ Ananth Veluppillai

Name: Ananth Veluppillai

Title: Chief Executive Officer

Amended and Restated Credit Agreement

ADMINISTRATIVE AGENT: BANC OF CALIFORNIA, successor-in-interest to

BANC OF CALIFORNIA, National Association

By:/s/Carlos Ramos

Name: Carlos Ramos

Title: Executive Vice President

Amended and Restated Credit Agreement

LENDERS: BANC OF CALIFORNIA, successor-in-interest to

BANC OF CALIFORNIA, National Association

By:/s/Carlos Ramos

Name: Carlos Ramos

Title: Executive Vice President

Amended and Restated Credit Agreement